Kremlin did not watch Biden’s speech, says RIA news agency
The Russian news agency RIA has cited a Kremlin spokesman as saying it did not watch US President Joe Biden’s speech on Ukraine.
In the speech, Mr Biden said the latest developments are “the beginning of a Russian invasion of Ukraine” and announced a “first tranche” of sanctions against Russia.
These include against Russian oligarchs and their family members, as well as two Russian banks.
What are the sanctions the US has brought against Russia?
US President Joe Biden has just announced sanctions against Russia following Vladimir Putin ordering troops into two rebel-held regions in eastern Ukraine.
Mr Biden said the sanctions would cut Russia off from Western finances.
In his “first tranche” of measures against Russia, he said the US was sanctioning Russian elites and their family members.
Sanctions against two Russian banks – VEB bank and Russia’s military bank – will also be imposed.
The US will also deploy additional NATO allied troops into the Baltic states.
Mr Biden warned harsher sanctions could come if Russian aggression continued.
Biden: I’m hoping diplomacy option still available
US President Joe BIden has said the West remains open to diplomacy and that is “hoping” the option for dialogue is still available.
He said there was “still time” to avert the worst-case scenario and the US is ready to talk.
Mr Biden did not take questions from reporters after his address at the White House.
Joe Biden: Sanctions against Russian elites and two banks
Joe Biden has said he is cutting off the Russian government from Western finances.
“It can no longer raise money from the West,” he said.
As part of his “first tranche” of sanctions, Mr Biden announced the US is imposing sanctions against Russian elites and their family members as well as against two Russian banks.
He also authorised additional forces and equipment to bolster the Baltics region.
Mr Biden said sanctions will target the Russian economy and warned Putin that Russian will “pay an ever steeper price if it continues its aggression”, including harsher sanctions.
The US leader also said he will work with Germany to make sure the Nord Stream 2 pipeline “will not move forward”.
Joe Biden: This is the beginning of a Russian invasion of Ukraine
The US president has told a news conference the latest developments are “the beginning of a Russian invasion of Ukraine”.
Speaking at the White House, Mr Biden said Putin “bizarrely” claimed two regions he recognised as independent states are no longer part of Ukraine.
He said he will begin to impose sanctions far behind the ones it issued in 2014.
Mr Biden said the latest actions were a a “flagrant violation of international law” and required a “firm response” from the international community and has announced the first in a tranche of sanctions against Russia.
The American leader said he expects further invasion by Russian troops but added, “I hope I’m wrong about that”.
Joe Biden started speaking
The US President has started giving his update amid escalating tensions in the ongoing Ukraine-Russia crisis.
He is expected to bring US sanctions against Russia. We will bring you live updates of what he says here.
What sanctions has the UK announced today?
Prime Minister Boris Johnson announced sanctions against Russia on Tuesday.
It comes after Russia ordered troops into Donetsk and Luhansk, which are rebel-held regions in eastern Ukraine.
Sanctions have been brought against five banks and three Russian billionaires with ties to Vladimir Putin.
The individuals will also be subject to UK travel bans.
Mr Johnson said the sanctions were a “first barrage” against Mr Putin.
Foreign minister James Cleverly told MPs it was just the beginning of a number of steps that could be taken if Russian aggression continued.
Read more here.
Labour say oligarchs close to Putin will find it “too easy” to avoid sanctions
Shadow foreign secretary David Lammy told MPs his party has “major concerns” and suggestions on how the Government could “go further” on sanctions against Russia.
He said: “Firstly, concerns have been expressed to us that in the way that legislation is currently drafted, oligarchs who are close to Putin will find it too easy to avoid the impact of the measures. They may not hold a formal role in a sanctioned bank or company, but may exert significant control behind the scenes.
“The effects of this would be that some of the most influential and notorious oligarchs, oligarchs who are close to Vladimir Putin, and have purposely structured their enterprises to avoid the appearance of majority ownership and control would go untouched.”
US President Joe Biden is set to make a statement shortly
- 1 Kremlin did not watch Biden’s speech, says RIA news agency
- 2 What are the sanctions the US has brought against Russia?
- 3 Biden: I’m hoping diplomacy option still available
- 4 Joe Biden: Sanctions against Russian elites and two banks
- 5 Joe Biden: This is the beginning of a Russian invasion of Ukraine
- 6 Joe Biden started speaking
- 7 What sanctions has the UK announced today?
- 8 Labour say oligarchs close to Putin will find it “too easy” to avoid sanctions
- 9 US President Joe Biden is set to make a statement shortly