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Russia risks G8 seat, economic turmoil over Ukraine: US

Published on Mar 2, 2014 11:28 PM

WASHINGTON (AFP) - US Secretary of State John Kerry bluntly warned Russia on Sunday that it risked losing its seat among the prestigious Group of Eight nations, as well as economic turmoil, if it fails to pull its forces out of Crimea.

Moscow could also face sanctions from its G8 allies and see American businesses pull out of the country if President Vladimir Putin failed to de-escalate tensions in Ukraine, Mr Kerry said, hitting the Sunday talk shows to ratchet up pressure on Russia.

Kiev's interim government warned Sunday its country stood on the brink of disaster, and called up military reservists after the Russian parliament voted to allow Mr Putin to send in troops to its western neighbor.

Mr Putin "is not going have a Sochi G8, he may not even remain in the G8 if this continues. He may find himself with asset freezes on Russian business, American business may pull back, there may be a further tumble of the ruble," Mr Kerry said.

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