invasion according to joe biden. >> if we listen to his speech last night, many of you did i know, he is setting up irrational to go much further. this is the beginning of a russian invasion of ukraine, as he indicated, and asked permission to be able to do. >> so today, in response to what he called the beginning of a russian invasion of ukraine, president biden announced a first round of sanctions against russia. >> we are implementing full blocking sanctions on two large russian financial institutions. veb and their military bank. we are putting sanctions on russians sovereign debt. that means we cut off russians government from western financing. they can a longer raise money from the west, and cannot trade in its new debt on our markets