rejected the idea outright. the proposed referendum on the future of crimea would violate the ukranian constitution and violate international law. in 2014, we are well beyond the days when borders can be redrawn over the heads of democratic leaders. reporter: despite the president s strong words today in rome secretary kerry emphasized additional sanctions will not be implemented yet in order to give more room for diplomacy. russia particularly has the opportunity now to make the right choices in order to deescalate. reporter: but i did proceed massey is stuttering. kerry s attempts for direct talks between russia and ukraine have so far failed and among washington s european allies meeting today in brussels, there are still questions about how far they re willing to go with sanctions. we want to reset our relationship. so we will do it together. reporter: five years to the day the u.s. and russia hit the
first to charlie who says the sanctions are a good start but they have to be a lot tougher. you notice the russian stock market has come back. a very sharp decline early on. people are advising others, their clients, to buy the russian stock market. why? they do not believe president obama has the testicular fortitude is the only way to do put it, to really go against this guy and impose the strictest economic sanctions which is an acid freeze that would cripple the russian economy. you re saying the market came back a little bit on sign that though sanctions wouldn t be as onerous. it came back stangs shatly substantially but not tote lie. what do you make of that? they re going to escape. nobody believes the president has the guts to do this. he wouldn t be alone. europe is in the same camp. we have some of the biggest