US President Joe Biden on Tuesday announced tough new sanctions on Russia for "beginning" an invasion of Ukraine but said there was still time to avoid war, even as Vladimir Putin signaled plans to send troops beyond Russia's borders.
Russia's upper house, the Federation Council, gave Putin unanimous approval to deploy "peacekeepers" to two breakaway Ukrainian regions now recognized by Moscow as independent, and potentially into other parts of Ukraine.
Biden announced what he called the "first tranche" of sanctions, including steps to starve Russia of financing and target financial institutions and the country's "elites."
But he left the door open to a final effort at diplomacy to avert a full-scale Russian invasion.
"There's no question that Russia is the aggressor, so we're clear eyed about the challenges we're facing," the president said.
"Nonetheless, there is still time to avert the worst case scenario that will bring untold suffering to millions of people."
Here are the Highlights on Russia-Ukraine Crisis:
The United Nations Security Council will convene for its second emergency session in three days over the Ukraine-Russia crisis, "due to military developments" on the ground, diplomatic sources said.
The EU on Wednesday imposed sanctions on Russia's defence minister Sergei Shoigu and military chiefs as part of a package of measures over the Kremlin's recognition of two separatist Ukrainian regions as independent.
France on Wednesday became the latest Western nation to call on its citizens to leave Ukraine "without delay," amid mounting concerns that Russia is preparing a full-scale attack.
Rebel leaders in eastern Ukraine have asked Moscow for military help against Kyiv, the Kremlin announced late Wednesday, in a move that opens the door for massed Russian troops to move in.
President Joe Biden announced Wednesday that the United States will join Germany in imposing sanctions on the Russian Nord Stream 2 natural gas pipeline project in retaliation for Moscow's mounting military pressure against Ukraine.
Ukraine's parliament on Wednesday imposed a national state of emergency aimed at helping forge a response to the threat of a Russian invasion.
- US President Joe Biden on Tuesday announced the "first tranche" of sanctions against Russia, including steps to starve the country of financing, saying Moscow had started an invasion of Ukraine.
- And Biden threatened tougher steps if Russia "continues its aggression."
- "We're implementing sanctions on Russia's sovereign debt. That means we've cut off Russia's government from Western financing," Biden said.
- "It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either."
- The measures also target VEB, Russia's state development bank, and members of the country's "elites," the US leader said.
- "They share the corrupt gains of the Kremlin policies, and should share in the pain as well."