Russian President Vladimir Putin in Moscow, February 2022
Sputnik Photo Agency / Reuters

Russian President Vladimir Putin appears poised to launch a large-scale invasion of Ukraine. He has amassed troops near the border, spurned Western attempts at a diplomatic resolution, and most recently recognized the independence of the so-called Luhansk and Donetsk People’s Republics, with Russian troops and weapons entering the region soon after. U.S. President Joe Biden has called Russia’s move into the Donbas an “undeniable invasion,” and announced a set of sanctions on Russian financial institutions, sovereign debt, and individuals. These were interim steps; Biden warned that more sanctions will follow should Russia continue to escalate the crisis.

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