Obama Meets World Leaders to Discuss Ukraine, Crimea Situation.
BLITZER: President Obama is meeting with world leaders in the Netherlands to discuss the ongoing situation in Crimea and Russia. He's meting with the members of the so-called G-7, the normal G-8 but without Russia. On the agenda, talk of possible sanctions against Russia if they keep pushing forward into Ukraine. Joining us now from near The Hague is our senior White House correspondent, Jim Acosta. He's traveling with the president. So what are the options, Jim, that they're discussing when it comes to next steps against Russia?</s>JIM ACOSTA, CNN SENIOR WHITE HOUSE CORRESPONDENT: Well, you just alluded to it. It may be the G-8 no more. Senior administration officials say President Obama will be pushing for a suspension of Russia from the G-8 at this meeting. We understand from just a few minutes ago that the president walked in, sat between Angela Merkel and David Cameron, and they will be talking about what has happened in Ukraine, the Russian intervention in Crimea. And the president said earlier today he wants to impose a cost and he said the United States and Europe are united in imposing that cost. And kicking Russia out of the G-8 would come at a big price for Vladimir Putin. He has hopes of hosting that G-8 summit later this year in Sochi, Russia. Wolf, David Cameron said basically said the G-8 summit is off. So it seems what is going to happen in the next hour or so, as we'll hear the leaders come out and say basically it's over for Russia, they're out of the G-8 -- Wolf?</s>BLITZER: So what does the president do next as far as today and tomorrow is concerned?</s>ACOSTA: He's been busy all day long. They had a nuclear security summit where they worked out an agreement with Japan to remove nuclear materials from that country. He met with the Chinese president, got assurances that he would also like to see a political resolution when it comes to Ukraine. And we know that there have been discussions happening on the side lines here. The foreign minister from Russia, Sergei Lavrov, he met with Secretary of State John Kerry earlier today. He also met with the Ukrainian foreign minister here at The Hague, or near where we are at The Hague. And so that might be some promising developments happening on the diplomatic sidelines here in the Netherlands, Wolf. But we've seen these kinds of diplomatic discussions before. They occurred before the Russians basically annexed Crimea. So there is no real sense as to what Vladimir Putin is up to next, even within the Obama administration. They're looking at the 20,000 troops lined up along the Ukrainian border. They're not sure what Vladimir Putin is up to at this point.</s>BLITZER: A lot of people aren't sure. All right. Thanks very much, Jim Acosta, traveling with the president. Back here in the United States, shipping traffic is it at standstill after a massive oil spill near Texas City. Nearly 2,000 gallons of oil gushed out of a tanker in the Gulf of Mexico after it collided with another ship. The cleanup effort is under way, which includes the Coast Guard banning all shipping traffic in the area. That brings us to this important programming note. It's been 25 years since the "Exxon Valdez" ran aground. Tomorrow night, you'll hear from the captain, Joseph Hazelwood, speaking freely for the first time since it happen. Watch "Oil and Water, the Wreck of the 'Exxon Valdez'" tomorrow night 10:00 p.m. eastern only here on CNN. That's it for me. Thanks for watching. I'll be back 5:00 p.m. eastern, a special two-hour edition of "The Situation Room." NEWSROOM starts with Brooke Baldwin right now.