>> 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're implementing full blocking sanctions on two large russian financial institutions. the e b, and their military bank. we are implementing sanctions on russian sovereign debt. that means we've cut off russians government from russian -- western financing. they can no longer raise money from the west, and cannot trade in its new debt on our markets, or european markets, either. starting tomorrow, and canoe in in the days ahead -- >> president biden said, there is still time for a diplomatic solution. >> there is still time to avert the worst-case scenario, that would bring on total suffering of millions of people, if they