President Biden said that Russia has begun an “invasion” of Ukraine Tuesday while announcing new sanctions aimed at deterring further Russian aggression in Ukraine. Biden announced what he said was the “first tranche” in a series of sanctions in response to Russia’s invasion of Ukraine, targeting two Russian banks and the country’s sovereign debt. Biden said Putin’s recognition of two separatist “republics” in eastern Ukraine and his decision to deploy troops there was “bizarre,” and said that the Russian leader is “setting up a rationale to go much further.” “Who in the Lord’s name does Putin think gives him the right to declare new so-called countries in territories that belong to his neighbors?” Biden asked.
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