Joe Biden has announced sweeping new sanctions against Russia after Vladimir Putin ordered troops into eastern Ukraine.

The US President said" full blocking sanctions" would be imposed on two large Russian financial institutions, VEB and their military bank.

Comprehensive sanctions are also being imposed on Russian sovereign debt, cutting off Russia's government from Western financing.

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews

For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales