>> stands up with sanctions. >> this is going to impose severe costs on the russian economy. both immediately and over time. >> the president admits putin went feel the pain for a while. >> it's not going to occur is he going to say oh my god these sanctions are coming i'm going to stand down. >> but exactly how sanctions have been advertised. >> the purpose of the sanctions has always been and continues to be deterrence. >> the latest punishment comes after a virtual meeting of the g 7. >> we will limit russia's ability to do business in dollars, euros, pounds and yen to be part of a global economy. >> the west is not yet going as far as they can as they are not yet kicking russia out of the swift financial system holding back some sanctions to see what putin does next. >> if he is threatening a nuclear strike? >> i have no idea what is he threatening. >> nukes or not, the president argues putin is a villain. >> putin will be a pariah on the international stage. >> much tougher talk than june when biden and putin tried to iron out new rules of the road.
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