President Biden addressing US and the world: "For weeks we'd been warning this would happen and now it's unfolding exactly as the way we predicted...Putin is the aggressor. Putin chose this war. Now he and his country will bear the consequences."
Biden announcing new sanctions. Says the sanctions will be imposed by countries representing half of the global economy.
Biden: "Between our actions and those of our partners we estimate we'll cut off more than half of Russia's hi-tech imports."
Biden says "we'll limit Russia's ability to do business in dollars, euro, pounds and yen."
Biden: "The United States will defend every inch of NATO territory with every bit of American power."
NEW: Biden says he is authorising “additional US capabilities to deploy to Germany as part of NATO's response, including some of the US-based forces that the Department of Defense placed on standby weeks ago."
Biden: "America stands up to bullies. This is who we are."
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