Wednesday 26 March 2014 15.11 US President Barack Obama said at the close of an EU-US summit in Brussels this afternoon that the world was a safer place "when Europe and America stand as one".
Reiterating the determination of the European Union and the United States to work together to address the crisis in Crimea, Mr Obama said that "Russia stands alone".
He said it had "miscalculated" in thinking it could drive a "wedge" between the US and the EU.
Mr Obama said the US and Europe were in discussions over possible sanctions against Russia's energy sector, should Russia move deeper into Ukraine.
"What we are now doing is coordinating around the potential for additional, deeper sanctions should Russia move forward and engage in further incursions into Ukraine," Mr Obama said.
"I think energy is obviously a central focus of our efforts and we have to consider it very strongly."
Mr Obama also urged the EU to work towards diversifying its energy sources, in addition to asking the US for help to offset any shortfalls from Russia.
"I think it is useful for Europe to look at its own energy assets as well as how the United States can supply additional energy assets."
The summit also addressed a planned new free-trade deal between the union and the US.
Mr Obama said he would ensure that the deal did not weaken existing consumer or environmental standards, as some critics fear.
Mr Obama said the US and EU publics had legitimate questions on whether a trade deal would benefit their countries over the long term and whether "hard-won victories" on consumer or environmental protection would be preserved.
"I have fought my entire political career and as president to strengthen consumer protections.
"I have no intention of signing legislation that would weaken those protections.
"I have fought throughout my political career and am fighting as we speak to strengthen environmental protection for the United States so I have no interest in signing a trade agreement that weakens environmental standards," he said.
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