The EU and US have announced travel bans and asset freezes against a number of officials from Russia and Ukraine.
The individuals targeted by the sanctions are seen as having played a key role in the referendum, which Kiev, the US and EU deem illegal.
Pro-Russian forces have been in control of Crimea since late February.
Moscow says the troops are pro-Russian self-defence forces and not under its direct control.
Note EU-Digest: Not one country so far in the world has applauded this move by Russia and in the long run this issue could come and bite Mr. Putin in the tail economically.
Read more: BBC News - Ukraine crisis: EU and US impose sanctions over Crimea
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