The US has promised severe sanctions against Russia in the event it invades Ukraine, which the White House has previously defined as “any movement of troops across the border.”
U.S. President Joe Biden will deliver remarks at 1pm on Tuesday to provide an update on Russia and Ukraine, the White House said.
“We think this is, yes, the beginning of an invasion, Russia's latest invasion of Ukraine,” Finer said on CNN. “For the third or fourth time, I am calling it an invasion. We are taking a severe response, including sanctions on Russia that we'll be rolling out in a matter of hours,” he said.“This will be our severe sanctions and swift response to a Russian invasion,” Finer said, adding the US will impose additional sanctions if Russia continues to move forward.
The US could also wield its most powerful sanctioning tool against certain Russian people and companies by placing them on the Specially Designated Nationals list, effectively kicking them out of the US banking system, banning them from trading with Americans and freezing their US assets, the same sources said.
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