Biden threatens devastating sanctions if Russia invades Ukraine. Here’s what that might look like.
WASHINGTON – President Joe Biden vows that Russia will face “swift and severe costs” if Russia invades Ukraine, but following through on that threat will require a tough balancing act since sanctions could ripple across the economy.
Some top European allies of the U.S. have raised concerns about various options, warning that Russian President Vladimir Putin could retaliate by cutting off oil and gas supplies that are vital to their country.