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Putin rebuffs Obama as Ukraine crisis escalates

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MOSCOW/SIMFEROPOL, Ukraine - Russia said on Friday any U.S. sanctions imposed against Moscow over the crisis in Ukraine would boomerang back on the United States, raising the financial stakes as the military standoff intensified.

In a telephone conversation with U.S. Secretary of State John Kerry, Foreign Minister Sergei Lavrov warned against "hasty and reckless steps" that could harm Rssian-American relations, the foreign ministry said.

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