Simmering tensions with Russia today President Obama went after Russian president Vladimir Putin with new sanctions aimed at his inner circle. Tonight two and striking back taking aim at Americans... See More
Simmering tensions with Russia today President Obama went after Russian president Vladimir Putin with new sanctions aimed at his inner circle. Tonight two and striking back taking aim at Americans names you'll recognize. And they're reacting at this hour ABC's chief White House correspondent Jonathan Karl. As Russian tightened its grip on Crimea today issuing Russian passports to those who live there President Obama warned. Vladimir Putin may be preparing to go further the world is watching with great concern as Russia. Has positioned its military. In a way that could lead to further incursions into southern. And eastern Ukraine the president announced more sanctions this time going right at Vladimir Putin's inner circle. Hitting his chief of staff and longtime confidant Sergey even off as well as Russian billionaires close to prudent. In a -- so tight to him it's seen as Putin's piggy bank. And there could be more to calm this is not our preferred outcome. These sanctions would not only have a significant impact on the Russian economy. But could also be disruptive to the global economy. Within minutes of the president's announcement. Russia slapped its own sanctions on nine American officials including two top Obama -- and Republican Senator John McCain. And house speaker John Boehner. And Jon -- what is right here in New York mentioning a John McCain reacting merely -- get a kick out of what he said today. -- he noted that this is a travel ban. -- travel to Russia so we tweeted I guess this means my spring break in Siberia is off. And my secret bank account in Moscow -- frozen. Yet this first -- from Russia is not serious -- but there is concern that could go further. They could cut off gas supplies energy supplies to our allies in Europe and that would be a big deal right John always great to have you with us in person not just from the White House thank you.
This transcript has been automatically generated and may not be 100% accurate.