President Biden Imposes Sanctions Against Two Russian Banks and Elites

President Biden announces he is imposing a first "tranche" of sanctions against two Russian banks and elites and their families after President Putin recognized the independence of Donetsk and Luhansk in the Ukraine's Donbas region on Sunday. "Who in the Lord's name does Putin think gives him the right to declare new so-called countries on territory that belonged to his neighbors?" he asks. The president says Mr. Putin is setting up a rationale to take more territory by force," calling it "the beginning of a Russian invasion of Ukraine." close