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His country will better consequences. today i am at authorising additional strong sanctions and new limitations on what can be exported to russia. this is going to impose severe cost on the russian economy, both immediately and over time. we are purposely designing the sanctions to maximise the long term impact on russia, and minimise the impact on the united states and our allies. , ., ., ., our allies. let s hear now from washington- 0ur correspondent, david willis, is there. he has been watching these events closely. david, just to say, those comments from president biden indicating that there are more sanctions to come, he is willing to go further, but right now, what is the sense of what he has done so far? is it effective enough? well, that is a very good question, and of course the us and its allies have been threatening sanctions for some ....
Acknowledges that these sanctions could take some while to bite, so they might not have very much impact on the russian economy in the short term. yeah, indeed, and they haven t worked before, have they, when he has done this sort of thing before, in 2014, for instance. 0ne before, in 2014, for instance. one of the other criticisms that i have heard, david, and i wonder whether you could talk a little bit about this, is the fact that the west has not targeted the international payments system, swift, that could really hurt russia. why not? ~ ., ., not? well, in regard to the swift payment not? well, in regard to the swift payment system, - not? well, in regard to the - swift payment system, president biden said today that nothing was off the table, as he put it, as far as future possible sanctions were concerned. this is something that the us would really only do in concert with its european allies, and many of those are against picking ....
A barrel today. and that, of course, is fuelling inflation. that is the last thing that the united states, for example, wants to see with inflation currently at an almost 40 year high here. and creating therefore a major problem for president biden politically, going into the mid term elections later this year. he is going to be fighting inflation as it is, as best he can. of course, without having to combat additional problems caused by new measures which increase further the price of oil and gas. increase further the price of oil and gas- oil and gas. indeed, david willis, thank oil and gas. indeed, david willis, thank you - oil and gas. indeed, david willis, thank you for - oil and gas. indeed, david i willis, thank you for keeping us up to date with all of those developments. you re watching newsday on the bbc. still to come on the programme: we ll look at the mood in ukraine s capital from our correspondent in kyiv. prince charles has chosen his bride. ....
The first confirmation of the invasion came at around 6:00am in moscow, when president putin announced a special military operation was under way in ukraine s eastern donbas region. its purpose, he said, the demilitarisation and denazification of ukraine. as he spoke, missile strikes were reported across ukraine, including in the capital kyiv. russia said it had destroyed more than 70 military targets. that included 11 airfields. damage was reported from all across ukraine, including in the far west, hundreds of kilometres from the russian border. soon after came the land invasion, with russian tanks and troops advancing. as you can see ont his map, they breached the border in three main directions, from the east, the south and the north, including from belarus, russia s long time ally. in just a moment, we will look at all of these developments, the likes of which hasn t been seen in europe for 80 years. we begin with this report from our international correspondent, 0rla guerin. ....