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Obama: 'There Will Be Costs' For Military Intervention In Ukraine

AP Photo / Carolyn Kaster

Obama's comments at the quickly organized press conference came after news broke that Russia had invaded parts of Ukraine. Obama said information was very fluid and that the United States was monitoring the situation along with America's European allies.

He said that the United States was "now deeply concerned by reports of military movements taken by the Russian federation inside the Ukraine."

"Any violation of Ukraine's sovereignty and territorial integrity would be deeply destabilizing," Obama said.