Biden levels sanctions against Russian oligarchs, banks for 'beginning' of Ukraine invasion

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The U.S. is ordering heavy financial sanctions against Russian banks and oligarchs, declaring that Moscow has violated international law by invading Ukraine.

on Tuesday, stepping up the West's confrontation with Moscow, even as Russian lawmakers authorized President Vladimir Putin to use military force outside their country.

Biden said he was also moving additional U.S. troops to the Baltic states on NATO’s eastern flank bordering Russia. The prime minster of Estonia and presidents of Latvia and Lithuania on Friday had made a direct plea to Vice President Kamala Harris for the U.S. to step up its presence in the Baltics.

Members of Russia's upper house, the Federation Council, voted unanimously to allow Putin to use military force outside the country — effectively formalizing a Russian military deployment to the rebel regions, where an eight-year conflict has killed nearly 14,000 people. The European Union soon followed, with a first set of sanctions aimed at the 351 Russian lawmakers who voted for recognizing separatist regions in Ukraine, as well as 27 other Russian officials and institutions from the defense and banking world. They also sought to limit Moscow’s access to EU capital and financial markets.

The administration initially resisted calling the deployment an invasion because the White House wanted to see what Russia was actually going to do. After assessing Russian troop movements, it became clear it was a new invasion, according to a U.S. official who spoke on the condition of anonymity to discuss internal deliberations.

Western leaders have long warned Moscow would look for cover to invade — and just such a pretext appeared to come Monday, when Putin recognized as independent two separatist regions in eastern Ukraine, where government troops have fought Russia-backed rebels. The Kremlin then raised the stakes further Tuesday, by saying that recognition extends even to the large parts now held by Ukrainian forces.

But confusion over what exactly was happening in eastern Ukraine threatened to hobble a Western response. While Washington clearly called it an invasion, some other allies hedged. Not all in Europe saw it that way. Spanish Foreign Minister José Manuel Albares noted "if Russia uses force against Ukraine, sanctions will be massive."

 

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Big freaking deal where in deep trouble our economy is tanking

Fashion show at the Biden WH including dinner 😂

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