President Obama delivered a statement on Monday after Crimea voted to secede from Ukraine. He announced an expansion to the sanctions against Russian officials.

“We’re making it clear that there are consequences for their actions," he said, adding that the Crimea referendum is a violation of Ukraine’s constitution and will not be recognized by the international community.

The president declined to answer any questions from the press.

Fox News analysts K.T. McFarland and Gen. Jack Keane (Ret) gave us some quick reaction after the remarks ended.

McFarland said Obama has "another thing coming" if he thinks Putin is going to view these sanctions as "dire consequences" for staying in Crimea. She explained that Russia is operating from a position of strength because of the reliance by Ukraine and other European nations on Russia supplying them with natural gas.

"They control the electricity. Until we find a way to get free of Russian natural gas - either through our own fracking or by helping the Europeans develop their own energy resources - Putin is going to have the whip hand for a long time," said McFarland, adding that she expects Russia to officially annex Crimea soon, crossing yet another Obama "red line" that the U.S. will not enforce.

Keane said the annexation of Crimea is a certainty, whether it occurs soon or in the long-term. Both believe that eastern Ukraine is the next area to watch, with Putin possibly making a move in the coming weeks or months.

Watch their analysis in the video above.