United States President Barack Obama stated that Russian President Vladimir Putin did not have a specific strategy in Ukraine, but rather just responded to actions taken by the Maidan.

Obama spoke on the current developments in Ukraine and Russia`s interests in the region in an interview with "CNN". According to Obama, Crimea is not profitable for Russia, Obama went on to stress that Russia has breached international law in its annexation of the Black Sea peninsula.

"When I came into office, we talked about reset, and I established, I think, an effective working relationship with Mr. Medvedev.

And as a consequence, Russia"s economy was growing, they had to the opportunity to begin diversifying their economy, their relations across Europe and around the world were sound, they joined the WTO with assistance from us. And since Mr. Putin made this decision around Crimea and Ukraine - not because of some grand strategy, but essentially because he was caught off-balance by the protests in the Maidan and Yanukovych then fleeing after we had brokered a deal to transition power in Ukraine - since that time, this improvisation that he"s been doing has getting - has gotten him deeper and deeper into a situation that is a violation of international law, that violates the integrity, territorial integrity and sovereignty of Ukraine, has isolated Russia diplomatically, has made Europe wary of doing business with Russia, has allowed the imposition of sanctions that are crippling Russia"s economy at a time when their oil revenues are dropping."