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Putin moves forward to formalize Crimea annexation as U.S. imposes sanctions

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Putin moves forward to formalize Crimea annexation as U.S. imposes sanctions

Putin moves forward to formalize Crimea annexation as U.S. imposes sanctions
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Putin moves forward to formalize Crimea annexation as U.S. imposes sanctions

CBSTV Videos 2:07 mins

The White House has not reacted to Putin's decision Monday to recognize Crimea as an independent state. That announcement came just hours after President Obama announced sanctions and threatened further action if Russia does not respond. White House officials say the president is holding back because he still wants to leave the door open for a negotiated solution. Bill Plante reports.

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