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THE LATEST: Crisis in the Ukraine

UKRAINE -- The conflict has much of the world on edge tonight.

Russian president Vladimir Putin and his troops are holding firm on a corner of Ukraine known as Crimea.
So will he push any further?
And have the u-s and its allies decided to push  back?

ABC's Terry Moran is on the frontlines of the crisis in Ukraine.

Vladimir Putin proudly watching Russian military exercises today, but his eye was on his troops a thousand miles south, on the Crimean
Peninsula in Ukraine.

 Fighter jets, his air force controls the skies, his army controls the roads, borders, and military bases, and his navy controls the ports and the seas surrounding this peninsula.
Putin rules in Crimea now, and here is why he did it:

Look at Ukraine, and Crimea, down in the south there, jutting out into the waters of the Black Sea, home to a critical port the Russian navy has used for centuries.

"So Putin, claiming he is defending ethnic Russians in Crimea, has seized and cut off the entire peninsula."

Today, President Obama reacted to Putin's moves with scorn.

Obama  "Russia is on the wrong side of history. We are examining a whole series of steps, economic, diplomatic that will isolate Russia.

The fear tonight, that the Ukrainian military or people would try and stop him, touching off a bloody war.
It's why Secretary of State Kerry is racing to the region, making sure they hold their fire, because the Russian military would likely crush any resistance from the
Ukrainian forces.

Matthew Clements, military analyst: "It's essentially a generation behind in terms of the quality and advancement of its military technology."

Russia's got 845,000 uniformed troops, Ukraine, just 130,000 spread throughout the country, some pro-Russian who may defect.
And Russia's got twice as many tanks, six times as many aircraft, ten times as many ships.

Ukrainian troops in Crimea remain bottled up in their bases by Russian soldiers, and as we saw at the Feodosia base, by fiercely pro-Russian Crimean crowds.
They stopped us from talking to the trapped Ukrainian marines inside the base.
And they angrily forced us to turn back, providing a jeering escort all the way.

Everyone is on edge, no one knows what tomorrow may bring, except,
perhaps, Vladimir Putin.