"I took out the ring and showed it to (Putin)," Kraft said this week, per the New York Post. "And he put it on and he goes, 'I can kill someone with this ring,' I put my hand out and he put it in his pocket, and three KGB guys got around him and walked out."

Kraft kept his wits about him and complied with a call from the White House, in which a George W. Bush handler told him: " 'It would really be in the best interest of U.S.-Soviet relations if you meant to give the ring as a present.' "