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Biden To Speak On Ukraine Situation @ 1400ET

WHITE HOUSE

The White House has confirmed President Joe Biden will deliver remarks on the situation in Ukraine at 1400ET (1900GMT, 2000CET). There remains significant focus on the stance of the US and how hard the administration is willing to go in terms of imposing sanctions on Russia for its recognition of the breakaway Ukrainian regions.

  • The Associated Press has reported that the White House is now calling Russian moves on Ukraine an invasion, which sets the stage for strong sanctions to be imposed on Moscow.
  • Sanctions announced by UK PM Boris Johnson have been viewed as rather tepid by Russia hawks, with five small banks and three Russian oligarchs targeted. UK said to be 'keeping powder dry' in anticipation of further Russian aggression. Could be showed up if US goes hard on sanctions against Moscow.

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