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March 13, 2014 AT 3:55 PM
In a last-minute bid to stave off a new chapter in the East-West crisis over Ukraine, Secretary of State John Kerry warned Russia on Thursday that it faces immediate and "very serious" sanctions if it annexes Ukraine's strategic Crimea region. His comments echoed those of German Chancellor Angela Merkel, who hours earlier said Russia risks "massive" political and economic consequences if it refuses to soften its stance against the new government in Kiev. The warnings from the West served as a last attempt to head off a confrontation over Crimea, which holds a vote Sunday on whether to break off from Ukraine and perhaps join Russia.