Highlights

  • UK imposes sanctions against 5 banks, 3 billionaires
  • US cuts off Russian Govt from all western financing
  • If Russia proceeds, Russia alone that bears the responsibility: Biden

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Biden: This is the beginning of a Russian invasion of Ukraine, US imposes sanctions and warns of more

US, UK and EU set out limited penalties/sanctions targeting Moscow as Russian lawmakers gave President Vladimir Putin permission to use military force outside the country.

Biden: This is the beginning of a Russian invasion of Ukraine, US imposes sanctions and warns of more

US President Joe Biden imposed the first trance of sanctions to punish Moscow as Putin begins what Biden termed "the beginning of a Russian invasion" of Ukraine.

US on the same lines as UK and EU imposes economic sanctions that now cut off the Russian Govt from any western financing. Biden speaking from The White House also made it clear that these sanctions are just the beginning and the penalties could be a lot worse than the ones faces in 2014. "None of us will be fooled" by Russian President Vladimir Putin's claims about Ukraine, the US President said.

Biden said he was also moving additional U.S. troops to the Baltic states on NATO's eastern flank bordering Russia.

Biden joined the 27 European Union members who unanimously agreed on Tuesday to levy their own initial set of sanctions targeting Russian officials over their actions in Ukraine.

Also Watch| Ukraine crisis latest: US sees Russian invasion, UK clamps sanctions, Germany chokes key gas pipeline

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