In his remarks at the White House, US President Joe Biden outlined a number of sanctions being taken against Russia to "impose costs" on it for its actions in Ukraine.
Here's a recap of what he said:
•The US believes that Russia is the clear aggressor in the tensions with Ukraine.
• Biden condemned Putin's "bizarre" recognition of two separatist republics in Eastern Ukraine, which the US president called a violation of international law.
•Two financial institutions, VEB and Russia's military bank, now face sanctions, and further sanctions against Russian elites and their families are also expected.
•The US is sending more defensive assistance to Ukraine and is deploying US forces to Baltic allies, which are Nato members.
While the president took no questions, a briefing by White House Press Secretary Jen Psaki is expected later today.
Source: BBC