threatening to impose high impact sanctions on russia if it invades ukraine. walk us through what those sanctions look like. reporter: well, boris, senior administration officials declined to get into specifically what penalties that they can impose on russia if it does invade ukraine, but what they did describe is that russia would face severe and overwhelming economic costs should the kremlin do what many fear that they would do. boris and kristie, these things would start big and buck past administration s traditional strategy in trying to deter russia. some of the things they could face, really, would be really going straight for the dramatic and in theory, my colleague reported they would have department mental affects on industrial consumers, operations and employment. those could lead to the same restrictions russia facing the same export restrictions like
overwhelming economic costs, should the kremlin do what many fear that they might and now these sanctions would start big and that kind of bucks past administration strategy when trying to deter russia. now my colleague natasha said reported that sources told her that these could have really big, devastating impacts for russian consumers, russian industrial operations and employment. these restrictions could leave russia to face the same type of export restrictions, in some cases country likes iran, syria and cuba. u.s. officials say on the other side that there are places where u.s. and russia concerns overlap and that potentially opens up places for negotiations, and that could be on missile deployment in ukraine, also nato and u.s. military exercises. those are places that they feel like they could proceed with talks on.
position in a world is a world is not witnessed putin has made his choice, he rejected diplomacy and chose war. and today the president has announced our response, because of putin s choices in his flagrant violation of international law. and his utter disregard to the principles that underpin peace and security across the world, we will now insure his decision is or membered is a strategic failure. they we impose an unprecedented package of financial sanctions and export restrictions in lockstep with her allies and partners. i will isolate russia from its financial system, shut down its access to cutting-edge technology, and undercut putin is ability to modernize his economy. the me walk you through a few specifics ib habit happy to take questions. on financial sanctions, we would impose the most severe sanctions ever levied on russia.