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New Sanctions On Russia

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CNN - Pres. Biden today described the events that are now underway in Ukraine as “the beginning of a Russian invasion” as he unveiled tough new sanctions to punish Moscow. Biden laid out what he called a “first tranche” of US sanctions against Russia for its moves, including on two large financial institutions, Russian sovereign debt and Russian elites and their family members. Biden explained that the moves would effectively “cut off Russia’s government from Western finance.” The Pres. remains hopeful for the possibility that diplomacy could still defuse the crisis, and said the US would remain open to talking with Russia and its partners to avert all-out war. “The United States and our allies and partners remain open to diplomacy, if it is serious,” Biden said. “When all is said and done, we’re going to judge Russia by its actions, not its words.”

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