Pro-Russia forces have reportedly seized another military base in Crimea. The Obama administration is warning European allies that Russia could be ready to move further into the mainland.

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Former U.S. Ambassador to the U.N. John Bolton reacted to the latest on the Ukraine standoff during today’s America’s News HQ.

He called the sanctions put forth by the Obama administration against Russian officials “essentially meaningless.”

Bolton criticized the Europeans for also being weak, noting that this gives Russian President Vladimir Putin the confidence to continue on his path.

“If you’re concerned about the use of armed forces to dismember a sovereign country on the continent of Europe in the 21st century, then you’ve got to respond in a serious fashion,” Bolton said, adding that he would prohibit all Russian financial institutions from participating in the American financial services market.

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