Biden Announces , New Sanctions Against Russia.<br />On Feb. 22, President Biden implemented new sanctions against Russia amid the Ukraine crisis.<br />On Feb. 22, President Biden implemented new sanctions against Russia amid the Ukraine crisis.<br />On Feb. 22, President Biden implemented new sanctions against Russia amid the Ukraine crisis.<br />The move follows Russian President Vladimir Putin's order to send "peacekeeping" troops into Luhansk and Donetsk after formally recognizing them as independent regions.<br />This is the beginning of a Russian invasion of Ukraine ... so I'm going to begin to impose sanctions in response, President Joe Biden, via statement.<br />CBS News reports the sanctions will target two large Russian banks and the country's sovereign debt.<br />That means we cut off Russia's government from western financing, President Joe Biden, via statement.<br />According to a senior administration official, the sanctions will focus on Russia's elite and their families.<br />U.S. troops are also being moved to Estonia, Latvia and Lithuania to ensure protection for those countries if Russia attacks.<br />U.S. troops are also being moved to Estonia, Latvia and Lithuania to ensure protection for those countries if Russia attacks.<br />Let me be clear — these are <br />totally defensive moves on our part. <br />We have no intention of fighting Russia. Whatever Russia does next, we're ready to respond with unity, clarity and conviction, President Biden, via statement.<br />Secretary of State Antony Blinken has <br />also canceled his meeting with <br />Foreign Minister of Russia Sergey Lavrov.<br />Secretary of State Antony Blinken has <br />also canceled his meeting with <br />Foreign Minister of Russia Sergey Lavrov.<br />Now that we see the invasions beginning in Russia ... it does not make sense to go forward with that meeting at this time. I consulted with our allies and partners all agree, Antony Blinken, Secretary of State, via letter to Lavrov, <br />as reported by CBS News
