Kiev, Ukraine (CNN) -- President Barack Obama's strategy for the Ukraine crisis reflects his internationalist foreign policy while adhering to the age-old maxim that money talks. He sent Secretary of State John Kerry to Kiev on Tuesday to forcefully condemn Russia for seizing effective military control of the Crimea region. At the same time, Kerry announced $1 billion in loan guarantees to help insulate the Ukrainian economy from the effects of reduced energy subsidies from Russia. It all is part of the still simmering breakup of the old Soviet Union more than two decades ago, with Russian President Vladimir Putin seeking to maintain Russia's influence and economic ties in a region being wooed by the European Union and Washington for increased trade and other links.
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NEW: Analyst says European allies must join U.S. in sanctions effort
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President Obama says most nations believe Russia violated international law
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$1 billion aid package announced as U.S. considers sanctions against Russia
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Secretary Kerry says Russia tries to create a false pretext to further invade Ukraine
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The goal of such an approach would be to hit Putin where it hurts by weakening the ruble and @placeholder's economy while avoiding the possibility of igniting an already volatile crisis to a new level of confrontation and possible violence.
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The United States "will stand by the Ukrainian people," he said after accusing Russia of making up reasons for further military intervention in @placeholder based on alleged persecution of Russian speakers and native Russians.
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"I know President Putin seems to have a different set of lawyers making a different set of interpretations but I don't think that's fooling anybody," @placeholder continued.
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"Expediting approval of natural gas exports is one clear step the U.S. can take to stand by our allies and stand up to Russian aggression, while creating @placeholder jobs at the same time," he said.
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"These are the people who could actually identify legitimate threats, and we are asking, together with the government of Ukraine, together with the @placeholder community, for large numbers of observers to be able to come in here and monitor the situation and be the arbiters of truth versus fiction," he said, alluding to the Russian claims of persecution.