Russia rules out return of Crimea, defying sanctions on its ailing economy

March 17, 2015 12:21 PM

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Russia rules out return of Crimea, defying sanctions on its ailing economy

Russia said it would not hand back Crimea to Ukraine, even as the US and Europe warned that retaliatory economic sanctions on Russia would remain in place.

"There is no occupation of Crimea. Crimea is a region of the Russian Federation and of course the subject of our regions is not up for discussion," Kremlin spokesman Dmitry Peskov said Tuesday, Reuters reports.

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