What to know about economic sanctions and how they will affect Russia
In response to Russian President Vladimir Putin's decision to recognize the separatist-controlled Donetsk and Luhansk regions in Ukraine as "independent" states, President Joe Biden announced sanctions against Russia in an effort to deter it from launching a full-scale invasion into Ukraine. Biden on Tuesday called Putin's decision "the beginning of a Russian invasion of Ukraine" and warned that the sanctions could grow more severe. "As Russia contemplates its next move, we have our next move pr