Meet the Press   |  March 02, 2014

Kerry: Russia's 'Act of Aggression'

Secretary of State John Kerry says a potential visa ban and asset freeze are being considered in response to Russia's movements in the Crimean peninsula.

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This content comes from Closed Captioning that was broadcast along with this program.

>> for the past ten days, the administration officials and the president himself have basically said to russia don't do this or else. here just friday, the president laying it out when he spoke to vladimir putin .

>> the united states will stand with the international community in affirming that there will be costs for any military interventioning in ukraine.

>> now, you've called this an invasion. so what are the costs?

>> well, we're now discussing all of the options. this is an act of aggression that is completely trumped up in terms of its pretext. it's really 19th century behavior in the 21st century and there's no way to start with that if russia persists in this, that the g-8 countries are going to assemble in sochi. that's a starter. but there's much more than that. russia has major investment and trade needs and desires. i think there's a unified view by all of the foreign ministers i talked with yesterday, all of the g-8 and more that they're simply going to isolate russia , they're not going to engage with russia in a normal business as usual manner, that russia is inviting the international stage. there could even be ultimately asset freezes, visa bans, there could be certainly disruption of any of the normal trade routine. and there could be business drawback on investment in the country. the oyf ruble is already feeling the impact of this and going down. the reason for this, david, is because you just don't invade another country on phony pretexts in order to assert your