With the White House calling Russian deployments in eastern Ukraine an invasion, it’s expected to follow up with tough sanctions. President Joe Biden has made clear the United States intends to deploy sweeping financial penalties, not American troops, to hit Russia over President Vladimir Putin's moves against Ukraine.
The Biden administration says its toughest sanctions package, already worked out in consultation with European allies, would be enough to hit Putin and Russia's elites, cripple Russia's ability to do business internationally, and likely bring on a recession there.
