The next round of sanctions from the White House targets banks and export controls, which would cut Russia off from critical technology such as semiconductors.
President Biden announced a suite of new sanctions aimed at Russia's biggest banks and said Western leaders are determined to hold Moscow accountable for attacking Ukraine.
Russian forces have mounted the "initial phase" of a large scale invasion of Ukraine with missile and air strikes. A senior defense official says the aim is to seize the capital Kyiv.
President Biden announced more sanctions on Russia's military and economy over its invasion of Ukraine. Sanctions have become a favored tool in presidents' arsenals, but they don't always work.
The invasion of Ukraine occurred despite weeks of diplomatic efforts, including calls between President Biden and Russian President Vladimir Putin and European leaders' visits to Putin in Moscow.
Congressional lawmakers are sounding a new bipartisan tone against a rising threat led by Russian President Vladimir Putin. Still, there is GOP divide on how President Biden should move forward.
The former president lauded the Russian strongman for his recent declarations on Ukraine, while criticizing U.S. President Biden as "man that has no concept of what he's doing."