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Obama tells the EU to take politically difficult steps to develop their own resources tor reduce reliance on Russia.
CNBC's John Harwood reports President Obama stressed the need for the EU to diversify its energy sources.
Andrew Kuchins, CSIS Russia & Eurasia program director, shares his thoughts on Putin's power play. I don't expect to see thousands of troops coming into Ukraine, but I do think there will be further destabilization in the Eastern part of the country, says Kuchin.
CNBC's Michelle Caruso-Cabrera takes a look at the big divide within Ukraine over Mother Russia and the deep economic ties of former Soviet Republics.
Sanctions are in place and tensions remain high as G-7 leaders meet to discuss Russia's power grab in the Ukraine and the possibility of relaxing current gas export rules to the EU from the U.S., reports CNBC's Annette Weisbach.
Philip Uglow, chief economist at MNI, says that business confidence in Russia dipped in March, fueled by events in Ukraine and a big fall in exports number.
David Murrin, author of 'Breaking The Code of History' and CEO of Emergent Asset Management, says that events in Ukraine reveal the "decline of the West" and the power vacuum left by the U.S.
As long as Ukraine's instability remains contained within the Crimean peninsula, the impact on Germany's economy should be limited, says Christian Schulz, Senior Economist at Berenberg Bank.
Evan Freely, MD & Global Leader, Credit & Political Risk Practice at Marsh, discusses the probability of Russia sparking a credit contagion.
Governor Rick Perry, (R-Texas), shares strategy for Crimea and discusses foreign policy and the energy boom.
CNBC's John Harwood reports on President Obama's news conference today in the Netherlands regarding current situations in Ukraine.
In the U.S. there may be appetite for clamping down on Russian aggression. In Germany, though, the clamor is decidedly more subdued.
Dutch Prime Minister Mark Rutte says the U.S. and European Union are discussing "targeted sanctions" if Russia escalates the situation in Crimea.
Ukraine wants to "live peacefully with Russia" says Andriy Deshchytsia, Ukrainian foreign minister, urging both countries to sit down together, talk and "maybe drink Vodka."
Thanos Papasavvas, strategist for fixed income and currencies at Investec Asset Management, says the panic in the market regarding Russia and Ukraine has gone away as Crimea was "the end game."
Ed Rogers, CEO & CIO at Rogers Investment Advisors, advises investors how to trade amid ongoing geopolitical tensions.
Ed Rogers, CEO & CIO at Rogers Investment Advisors, says Fed tapering will deal a greater blow to Asian financial markets, instead of the uncertainty in Ukraine.
Stephen Yates, CEO at DC International Advisory, says the sanctions that have slapped on Russia have not been hard-hitting at all.
Robert Pavlik, Chief Market Strategist at Banyan Partners, says recent losses on Wall Street was caused by a myriad of factors, which include more than Chinese weak data and Ukraine tensions.
Rep. Paul Ryan (R-Wis.); CNBC's Courtney Reagan; NBC's Tom Costello; and Lee Munson, Portfolio Asset Management, thank Larry Kudlow for his many years of expertise and congratulate him on his retirement.