Biden addresses Russia's invasion of Ukraine | Special Report
THIS NOW. >> YOU MENTIONED THAT MANY RUSSIANS ARE STUNNED THAT PUTIN -->>> THIS IS A CBS NEWS SPECIAL REPORT. I AM NORAH O'DONNELL. IN JUST A FEW MINUTES PRESIDENT BIDEN WILL ADDRESS THE NATION AS EUROPE FINDS ITSELF AT WAR. THOSE ARE THE AIR RAID SIRENS HEARD IN UKRAINE AS BALLISTIC MISSILES SHOOK BUILDINGS. THIS IS NOW TURNED INTO A NIGHTMARE SCENARIO.
A MULTIPRONGED ATTACK, A FULL- SCALE RUSSIAN INVASION THAT IS UNDERWAY. DECADES OF PEACE ON THE EUROPEAN CONTINENT UPENDED OVERNIGHT AS THE UKRAINIAN FOREIGN MINISTER TWEETED TODAY THAT PUTIN IS PLUNGING EUROPE INTO ITS DARKEST TIME SINCE 1939. ALREADY THIS MORNING PRESIDENT BIDEN HUDDLED IN THE SITUATION ROOM WITH HIS FULL NATIONAL SECURITY TEAM.
WE EXPECT TO HEAR THE PRESIDENT IN JUST A FEW MOMENTS ANNOUNCE A NEW ROUND OF SWEEPING SANCTIONS FOR WHAT HE CALLS THE UNPROVOKED AND UNJUSTIFIED ATTACK ON UKRAINE. LET'S BRING IN OUR CHIEF FOREIGN AFFAIRS CORRESPONDENT MARGARET BRENNAN. YOU HEAR BIPARTISAN SENATORS ASKING FOR MORE PUNITIVE SANCTIONS.
HERE NOW THE PRESIDENT WILL TALK ON THE BACK END. >> THE RUSSIAN MILITARIES BEGUN A BRUTAL ASSAULT ON THE PEOPLE OF UKRAINE. WITHOUT PROVOCATION, WITHOUT JUSTIFICATION, WITHOUT NECESSITY. THIS IS A PREMEDITATED ATTACK. VLADIMIR PUTIN HAS BEEN PLANNING THIS FOR MONTHS.
WE HAVE BEEN SAYING THIS ALL ALONG. A LITTLE MORE THAN 175,000 TROOPS AND EQUIPMENT IS ALONG THE UKRAINIAN BORDER. BLOOD SUPPLIES ARE IN POSITION WITH THE FIELD HOSPITAL.
THAT TELLS YOU ALL YOU NEED TO KNOW ABOUT HIS INTENTIONS ALL ALONG. HE REJECTED EVERY GOOD-FAITH EFFORT THE UNITED STATES AND OUR ALLIES AND PARTNERS MADE TO ADDRESS MUTUAL CONCERN MEANS. TO AVOID NEEDLESS CONFLICT IN HUMAN SUFFERING. FOR WEEKS WE HAVE BEEN WARNING THAT THIS WOULD HAPPEN.
AND NOW IT IS UNFOLDING LARGELY AS WE PREDICTED. IN THE PAST WEEK WE HAVE SEEN SCHELLING INCREASE IN THE DUMB BOSS, THE REGION IN EASTERN UKRAINE CONTROLLED BY RUSSIAN BACKED SEPARATIST. THE RUSSIAN GOVERNMET HAS PERPETRATED CYBER ATTACKS AGAINST YOU TRAIN.
WE SAW A STAGED POLITICAL THEATER IN MOSCOW, OUTLANDISH AND BASELESS CLAIMS THAT UKRAINE WAS ABOUT TO INVADE AND LAUNCH A WAR AGAINST RUSSIA. THAT UKRAINE WAS PREPARED TO USE CHEMICAL WEAPONS. UKRAINE COMMITTED GENOCIDE. WITHOUT ANY EVIDENCE WE SAW A FLAGRANT VIOLATION OF INTERNATIONAL LAW IN AN ATTEMPT TO UNILATERALLY CREATE TWO NEW SO-CALLED REPUBLICS ON SOVEREIGN TERRITORY. AT THE VERY MOMENT THE UNITED NATIONS SECURITY COUNCIL WAS MEETING TO STAND UP FOR UKRAINE AND STAVE OFF INVASION, PUTIN DECLARED HIS WAR. WITHIN MOMENTS MISSILE STRIKES BEGAN TO FALL ON HISTORIC CITIES ACROSS UKRAINE.
THEN CAME THE AIR RAIDS, FOLLOWED BY TANKS AND TROOPS ROLLING IN. WE HAVE BEEN TRANSPARENT WITH THE WORL, WE HAVE SHARED DECLASSIFIED EVIDENCE ABOUT THE RUSSIAN PLANS AND CYBERATTACKS SO THERE CAN BE NO CONFUSION OR COVER-UP ABOUT WHAT PUTIN WAS DOING. PUTIN IS THE AGGRESSOR. PUTIN CHOSE THIS WAR.
AND NOW HE AND HIS COUNTRY WILL BEAR THE CONSEQUENCES. TODAY I AM AUTHORIZING ADDITIONAL STRONG SANCTIONS AND NEW LIMITATIONS ON WHAT CAN BE EXPORTED TO RUSSIA. THIS IS GOING TO IMPOSE SEVERE COST ON THE RUSSIAN ECONOMY, BOTH IMMEDIATELY AND OVER TIME. WE HAVE PURPOSELY DESIGNED THE SANCTIONS TO MAXIMIZE THE LONG- TERM IMPACT ON RUSSIA AND TO MINIMIZE THE IMPACT ON THE UNITED STATES AND OUR ALLIES.
I WANT TO BE CLEAR, THE UNITED STATES IS NOT DOING THIS ALONE. FOR MONTHS WE'VE BEEN BUILDING A COALITION OF PARTNERS REPRESENTING WELL MORE THAN HALF THE GLOBAL ECONOMY. 27 MEMBERS OF THE EUROPEAN UNION, INCLUDING GERMANY AND FRANCE, JAPAN, AUSTRALIAN, NEW ZEALAND AND MANY OTHERS TO AMPLIFY THE JOINT IMPACT OF OUR RESPONSE. I JUST SPOKE WITH THE G7 LEADERS THIS MORNING, AND WE ARE IN FULL IN TOTAL AGREEMENT.
WE WILL LIMIT RUSSIA'S ABILITY TO DO BUSINESS IN DOLLARS, EUROS, POUNDS TO BE PART OF THE GLOBAL ECONOMY. WE WILL LIMIT THEIR ABILITY TO DO THAT. WE ARE GOING TO STOP THE ABILITY TO FINANCE AND GROW THE RUSSIAN MILITARY. WE ARE GOING TO IMPOSE MAJOR AND IMPAIR THEIR ABILITY TO COMPETE IN THE 21st CENTURY ECONOMY.
WE PROBABLY SEE THE IMPACT OF OUR ACTIONS ON THE RUBLE. EARLY TODAY IT HIT ITS WEAKEST LEVEL EVER, EVER IN HISTORY. THE RUSSIAN STOCK MARKET PLUNGED TODAY. THE RUSSIAN GOVERNMENT BORROWING RATE SPIKED BY OVER 15%.
TODAY'S ACTIONS HAVE NOW SANCTIONED RUSSIAN BANKS THAT TOGETHER HOLD AROUND $1 TRILLION IN ASSETS. WE'VE CUT OFF THEIR LARGEST BANK HIM A BANK THAT HOLDS MORE THAN ONE THIRD OF THE RUSSIAN BAKING ASSETS BY ITSELF. WE CUT IT OFF FROM THE U.S. FINANCIAL SYSTEM. AND TODAY WE'RE ALSO BLOCKING FOUR MORE MAJOR BANKS. THAT MEANS EVERY ASSET THEY HAVE IN AMERICA WILL BE FROZEN.
THIS INCLUDES THE SECOND LARGEST BANK IN RUSSIA, WHICH HAS $250 BILLION IN ASSETS. AS PROMISED, WE ARE ALSO ADDING THE NAMES TO THE LISTS OF RUSSIAN ELITES AND THEIR FAMILY MEMBERS THAT ARE BEING SANCTIONED AS WELL. AS I SAID ON TUESDAY, THESE ARE PEOPLE WHO PERSONALLY GAINED FROM THE KREMLIN POLICIES, AND THEY SHOULD SHARE IN THE PAIN. WE WILL KEEP UP THIS DRUMBEAT OF THOSE DESIGNATIONS AGAINST CORRUPT BILLIONAIRES IN THE DAYS AHEAD.
ON TUESDAY WE STOPPED THE RUSSIAN GOVERNMENT FROM RAISING MONEY FROM U.S. OR EUROPEAN INVESTORS. NOW WE WILL APPLY THE SAME RESTRICTIONS TO THE LARGER STATE OWNED ENTERPRISES IN RUSSIA, COMPANIES WITH ASSETS THAT EXCEED $1 TRILLION. SOME OF THE MOST POWERFUL ACTIONS WILL COME OVER TIME AS WE SQUEEZE RUSSIAN ACCESS TO FINANCES AND TECHNOLOGY FOR YEARS TO COME. BETWEEN OUR ACTIONS AND THOSE OF OUR ALLIES AND PARTNERS, WE ESTIMATE WILL CUT OFF MORE THAN HALF OF THE HIGH-TECH IMPORTS FROM RUSSIA. IT WILL STRIKE A BLOW FOR THEM TO CONTINUE TO MODERNIZE THEIR A LITTLE MILITARY.
IT WILL DEGRADE THEIR AEROSPACE INDUSTRY AND SPACE PROGRAM. WILL HURT THE ABILITY TO PRODUCE SHIPS AND COMPETE ECONOMICALLY. IT WILL BE A MAJOR HIT TO THE LONG-TERM STRATEGIC AMBITIONS OF PUTIN. WE ARE PREPARING TO DO MORE.
IN ADDITION TO THE ECONOMIC PENALTIES WE ARE IMPOSING, WE ARE ALSO TAKING STEPS TO DEFEND OUR NATO ALLIES, PARTICULARLY IN THE EAST. TOMORROW NATO WILL CONVENE A SUMMIT. WE WILL BE THERE TO BRING TOGETHER THE LEADERS OF 30 ALLIED NATIONS AND CLOSE PARTNERS TO AFFIRM OUR SOLIDARITY AND TO MAP OUT THE NEXT STEPS WE WILL TAKE TO FURTHER STRENGTHEN ALL ASPECTS OF OUR ALLIANCE.
ALTHOUGH WE PROVIDED OVER $650 MILLION IN DEFENSE AND ASSISTANCE TO UKRAINE JUST THIS YEAR, LET ME SAY IT AGAIN, ARMED FORCES ARE NOT AND WILL NOT BE ENGAGED IN A CONFLICT WITH RUSSIA IN UKRAINE. OUR FORCES ARE NOT GOING TO EUROPE TO FIGHT IN UKRAINE, BUT TO DEFEND OUR NATO ALLIES AND REASSURE THOSE ALLIES IN THE EAST. AS I MADE CRYSTAL CLEAR, THE UNITED STATES WILL DEFEND EVERY INCH OF NATO TERRITORY WITH THE FULL FORCE OF AMERICAN POWER. THE GOOD NEWS IS NATO IS MORE UNITED AND MORE DETERMINED THAN EVER. THERE IS NO DOUBT, NO DOUBT THAT THE UNITED STATES AND EVERY ALLY WILL MEET OUR ARTICLE 5 COMMITMENTS WHICH SAYS AN ATTACK ON ONE IS AN ATTACK ON ALL.
OVE THE PAST FEW WEEKS I ORDERED THOUSANDS OF ADDITIONAL FORCES TO GERMANY AND POLAND AS PART OF OUR COMMITMENT TO NATO. ON TUESDAY, IN RESPONSE TO RUSSIA'S AGGRESSIVE ACTION, I AUTHORIZE DEPLOYMENT OF GROUND AND AIR FORCES ALREADY STATIONED IN EUROPE TO THE EASTERN FLANK ALLIES OF THE STANDING, LITHUANIA, POLAND AND ROMANIA. OUR ALLIES HAVE ALSO BEEN STEPPING UP, ADDING THE OTHER LIES, THE REST OF NATO, ADDING THEIR OWN FORCES AND CAPABILITIES TO ENSURE COLLECTIVE DEFENSE.
AND TODAY, WITHIN HOURS OF THE UNLEASHING OF THE ASSAULT, NATO CAME TOGETHER AND AUTHORIZED AND ACTIVATED RESPONSE PLANS. THE HIGH READINESS FORCES WILL DEPLOY WHEN AND WHERE THEY ARE NEEDED TO PROTECT THE NATO ALLIES ON THE EASTERN BOUNDARIES OF YOUR. NOW I AM AUTHORIZING ADDITIONAL USE FORCE CAPABILITIES TO DEPLOY TO GERMANY AS PART OF THE DATA RESPONSE, INCLUDING SOME US-BASED FORCES THAT WERE PLACED ON STANDBY WEEKS AGO. I'VE ALSO SPOKEN WITH THE DEFENSE SECRETARY AND CHAIRMAN AND CHIEF ABOUT PREPARATIONS FOR ADDITIONAL MOVES SHOULD THEY BECOME NECESSARY TO PROTECT OUR NATO ALLIES AND SUPPORT THE GREATEST MILITARY ALLIANCE IN THE HISTORY OF THE WORLD.
NATO. AS WE RESPOND, MY ADMINISTRATION IS USING THE TOOLS, EVERY TOOL AT OUR DISPOSAL TO PROTECT AMERICAN FAMILIES AND BUSINESSES FROM RISING PRICES AT THE GAS PUMP. WE ARE TAKING ACTIVE STEPS TO BRING DOWN THE COST IN AMERICAN OIL AND GAS, AND COMPANY SHOULD NOT EXPLOIT THIS MOMENT TO HIKE THEIR PRICES TO RAISE PROFITS. IN THE SANCTIONS PACKAGE WE SPECIFICALLY DESIGNED ENERGY PAYMENTS TO CONTINUE.
WE ARE CLOSELY MONITORING ENERGY SUPPLIES FOR ANY DISRUPTION. WE HAVE BEEN COORDINATED WITH MAJOR OIL PRODUCING AND CONSUMING COUNTRIES TOWARD OUR COMMON INTEREST TO SECURE GLOBAL ENERGY SUPPLIES. WE ARE ACTIVELY WORKING WITH COUNTRIES AROUND THE WORLD TO ELEVATE COLLECTIVE RELEASE FROM THE STRATEGIC PETROLEUM RESERVES OF MAJOR ENERGY CONSUMING COUNTRIES.
THE UNITED STATES WILL RELEASE ADDITIONAL BARRELS OF OIL AS CONDITIONS WARRANT. I KNOW THIS IS HARD AND THAT AMERICANS ARE ALREADY HURTING. I WILL DO EVERYTHING IN MY POWER TO LIMIT THE PAIN THE AMERICAN PEOPLE ARE FEELING AT THE GAS PUMP. THIS IS CRITICAL TO ME. BUT THIS AGGRESSION CANNOT GO ON UNANSWERED. IF IT DID, THE CONSEQUENCES FOR AMERICA WOULD BE MUCH WORSE.
AMERICA STANDS UP TO BULLIES. WE STAND UP FOR FREEDOM. THIS IS WHO WE ARE. LET ME ALSO REPEAT THE WARNING I MADE LAST WEEK. IF RUSSIA PURSUES CYBER ATTACKS AGAINST OUR COMPANIES, OUR INFRASTRUCTURE, WE ARE PREPARED TO RESPOND.
FOR MONTHS WE HAVE BEEN WORKING CLOSELY WITH THE PRIVATE SECTOR TO HARDEN THEIR STARBOARD DEFENSES, SHARPEN OUR ABILITY TO RESPOND TO CYBERATTACKS AS WELL. I SPOKE LAST NIGHT TO PRESIDENT ZELENSKYY OF UKRAINE. I ASSURED HIM THAT THE UNITED STATES TOGETHER WITH OUR ALLIES AND PARTNERS IN EUROPE WILL SUPPORT THE UKRAINIAN PEOPLE AS THEY DEFEND THEIR COUNTRY. WE WILL PROVIDE HUMANITARIAN RELIEF TO THOSE THAT ARE SUFFERING.
I THE EARLY DAYS OF THIS CONFLICT, RUSSIAN PROPAGANDA WILL KEEP TRYING TO HIDE THE TRUTH AND CLAIM SUCCESS FOR ITS MILITARY OPERATION AGAINST A MADE UP THREAT. BUT HISTORY HAS SHOWN TIME AND AGAIN HOW SWIFT GAZE IN TERRITORY EVENTUALLY GIVE WAY TO GRINDING OCCUPATIONS, ACTS OF MASS CIVIL DISOBEDIENCE, AND STRATEGIC DEAD ENDS. THE NEXT FEW WEEKS AND MONTHS PUTIN HAS UNLEASHED A GREAT PAIN ON THEM, BUT THE UKRAINIAN PEOPLE HAVE KNOWN 30 YEARS OF INDEPENDENCE AND HAVE REPEATEDLY SHOWN THEY WILL NOT TOLERATE ANYONE WHO TRIES TO TAKE THEIR COUNTRY BACKWARDS. THIS IS A DANGEROUS MOMENT FOR ALL OF EUROPE, FOR THE FREEDOM AROUND THE WORLD. PUTIN HAS COMMITTED AN ASSAULT ON THE VERY PRINCIPLES THAT UPHOLD THE GLOBAL PEACE. NOW THE ENTIRE WORLD SEES CLEARLY WHAT PUTIN AND HIS ALLIES ARE REALLY ALL ABOUT.
THIS WAS NEVER ABOUT A GENUINE SECURITY CONCERN ON THEIR PART. WAS ALWAYS ABOUT NAKED AGGRESSION, ABOUT PUTIN IS DESIRE FOR EMPIRE BY ANY MEANS NECESSARY. BY BULLYING RUSSIAN NEIGHBORS, BY CHANGING BORDERS BY FORCE AND ULTIMATELY BY CHOOSING A WAR WITHOUT A COST. THIS BETRAYS A SINISTER VISION FOR A FUTURE OF OUR WORLD. IT IS A VISION THE UNITED STATES AND FREEDOM LOVING NATIONS EVERYWHERE WILL OPPOSE WITH EVERY TOOL OF OUR CONSIDERABLE POWER. THE UNITED STATES AND OUR ALLIES AND PARTNERS WILL EMERGE FROM THE STRONGER, MORE UNITED, MORE DETERMINED AND MORE PURPOSEFUL.
THE AGGRESSION AGAINST UKRAINE WILL COST RUSSIA DEARLY ECONOMICALLY AND STRATEGICALLY. WE WILL MAKE SURE OF THAT. PUTIN WILL BE A PARIAH ON THE INTERNATIONAL STAGE. ANY NATION WILL BE STAINED BY ASSOCIATION. IN THE HISTORY, THE CHOICE TO MAKE A TOTALLY UNJUSTIFIABLE WAR ON UKRAINE WILL HAVE LEFT RUSSIA WEAKER AND THE REST OF THE WORLD STRONGER.
LIBERTY, DEMOCRACY, HUMAN DIGNITY, THESE ARE THE FORCES FAR MORE POWERFUL THAN FEAR AND OPPRESSION. THEY CANNOT BE EXTINGUISHED BY TYRANTS LIKE PUTIN AND HIS ARMIES. THEY CANNOT BE ERASED BY PEOPLE BY VIOLENCE AND INTIMIDATION.
MAKE NO MISTAKE, FREEDOM WILL PREVAIL. GOD BLESS THE PEOPLE AND MAY GOD PROTECT OUR TROOPS. >> ASSOCIATED PRESS.
>> DO YOU HAVE ANY PLANS TO SPEAK WITH PRESIDENT PUTIN AT THIS POINT? AND WHAT INTERACTIONS HAVE YOU HAD WITH THE RUSSIAN GOVERNMENT? >> I HEARD THE FIRST PART. >> WHAT COMMUNICATION WITH KREMLIN SO THIS IS NOT SPIRAL INTO A LARGER CONFLICT? >> IT IS A LARGE CONFLICT ALREADY. WILL PROVIDE ALL THE FORCES NEEDED IN THE EASTERN EUROPEAN NATIONS THAT ARE MEMBERS OF NATO. NATO IS MORE UNITED THAN IT HAS EVER BEEN. I HAVE NO PLANS TO TALK TO PUTIN. >> WALL STREET JOURNAL.
>> MR. PRESIDENT, YOU DIDN'T MENTION SWIFT IN YOUR SANCTIONS THAT YOU ANNOUNCED. IS THERE A REASON WHY THE U.S. ISN'T DOING THAT? IS THERE A DISAGREEMENT AMONG THE ALLIES REGARDING SWIFT AND WHETHER RUSSIA SHOULD BE ALLOWED TO BE A PART OF IT? >> THE SANCTIONS WE ARE PROPOSING IS OF EQUAL CONSEQUENCE, MAY BE MORE CONSEQUENT THAN SWIFT. NUMBER TWO, IT IS ALWAYS AN OPTION, BUT RIGHT NOW THAT IS NOT THE POSITION THE REST OF EUROPE WISHES TO TAKE.
ABC. >> SANCTIONS CLEARLY HAVE NOT BEEN ENOUGH TO DETER VLADIMIR PUTIN TO THIS POINT. WHAT IS GOING TO STOP HIM? HOW AND WHEN DOES THIS END AND DO YOU SEE HIM TRYING TO GO BEYOND UKRAINE? AND THE STATEMENT HE GAVE LAST NIGHT THAT THE THREAT THAT THE WEST WILL FACE CONSEQUENCES GREATER THAN ANY IN HISTORY, IS HE THREATENING A NUCLEAR STRIKE? >> I HAVE NO IDEA WHAT HE IS THREATENING.
I KNOW WHAT HE HAS DONE, NUMBER ONE. NUMBER TWO, NO ONE EXPECTED THE SANCTIONS TO PREVENT ANYTHING FROM HAPPENING. THIS WILL TAKE TIME.
WE HAVE TO SHOW RESOLVE. HE KNOWS WHAT'S COMING. SO THE PEOPLE OF RUSSIA KNOW WHAT HE HAS BROUGHT ON THEM. THAT IS WHAT THIS IS ALL ABOUT. THIS IS GOING TO TAKE TIME.
WILL NOT OCCUR AND HE WILL SAY OH MY GOD THE SANCTIONS ARE COMING AND I WILL STAND DOWN. HE WILL TEST THE RESOLVE OF THE WEST TO SEE IF WE STAY úTOGETHE WE WILL IMPOSE SIGNIFICANT COSTS. >> WILL HE GO BEYOND UKRAINE? >> -- TO TOPICS.
MARKETS ARE DOWN AND GAS PRICES ARE UP. I KNOW YOU ALWAYS STRESSED THE DIFFERENCE BETWEEN WALL STREET AND MAIN STREET, B■UT EVERYBODY SEEMS TO BE IN FOR >> FIRST OF ALL, THERE IS NO DOUBT THAT WHEN A MAJOR NUCLEAR POWER ATTACKS AND INVADES ANOTHER COUNTRY THAT THE WORLD IS GOING TO RESPOND AND MARKETS WILL RESPOND ALL OVER THE WORLD. THERE IS NO DOUBT ABOUT THAT.
NUMBER TWO, THE NOTION THAT THIS IS GOING TO LAST FOR A LONG TIME IS HIGHLY UNLIKELY AS LONG AS WE CONTINUE TO STAY RESOLVED IN IMPOSING THE SANCTIONS WE ARE GOING TO IMPOSE A ON RUSSIA. WHAT'S THE NEXT QUESTION? I'M SORRY. >> THE NEXT QUESTION IS DID YOU UNDERESTIMATE NEW PEKIN AND WOULD YOU STILL DESCRIBING THE WAY YOU DID IN THE SUMMER AS A WORTHY ADVERSARY? >> AT THE TIME, I MADE IT CLEAR HE WAS AN ADVERSARY. I DIDN'T UNDERESTIMATE HIM. I DID READ MOST OF EVERYTHING HE HAS WRITTEN.
YOU HEARD THE SPEECH HE MADE, ALMOST AN HOUR'S WORTH OF SPEECHES AS TO WHY HE'S GOING TO UKRAINE. HE HAS MUCH LARGER AMBITIONS. HE WANTS TO REESTABLISH THE FORMER SOVIET UNION.
THAT IS WHAT THIS IS ABOUT. I THINK THAT HIS AMBITIONS ARE COMPLETELY CONTRARY TO THE PLACE WHERE THE REST OF THE WORLD HAS ARRIVED. >> YOU ARE CONFIDENT THESE DEVASTATING SANCTIONS ARE GOING TO BE AS DEVASTATING AS RUSSIAN MISSILES AND BULLETS AND TANKS? >> YES, RUSSIAN BULLETS, MISSILES, TANKS AND UKRAINE. YES, I AM. >> IF SANCTIONS CANNOT STOP PRESIDENT.
AND, WHAT PENALTY CAN QUESTION RICK >> I DIDN'T SAY SENTIENCE COULDN'T STOP HIM. >> YOU HAVE BEEN TALKING ABOUT THE THREAT OF THESE FOR SEVERAL WEEKS NOW. >> THE THREAT OF THE SANCTIONS AND IMPOSING THE SENTENCE ARE TWO DIFFERENT THINGS. THEY ARE TWO DIFFERENT THINGS.
WE ARE NOW GOING TO BEGIN TO SEE THE EFFECT OF THE SANCTIONS. >> WHAT WILL THAT DO? HOW WILL THAT CHANGE HIS MINDSET? >> IT WILL SO WEAKEN HIS COUNTRY THAT HE WILL HAVE TO MAKE A VERY, VERY DIFFICULT CHOICE AS TO WHETHER TO CONTINUE TO MOVE TOWARD BEING A SECOND RATE POWER OR, IN FACT, RESPOND. >> YOU SAID IN RECENT WEEKS BIG NATIONS CANNOT BLUFF WHEN IT COMES TO SOMETHING LIKE THIS. YOU SIMPLY SAID THE IDEA OF PERSONALLY SANCTIONING PRESENT PUTIN WAS ON THE TABLE. IS THAT A STEP YOU ARE PREPARED TO TAKE? SANCTIONING PRESIDENT PUTIN? WHY NOT SANCTION HIM TODAY ? ONE ABSTENTION HIM TODAY? >> MR. PRESIDENT, YOU DETAILED
SOME SEVERE AND SWIFT NEW SENTENCE TODAY AND SAID THE IMPACT IT WILL HAVE OVERTIME. GIVEN THE FULL-SCALE INVASION, GIVEN THAT YOU ARE NOT PURSUING DISCONNECTING RUSSIA FROM WHAT IS CALLED SWIFT, THE INTERNATIONAL BANKING SYSTEM, OR OTHER SANCTIONS AT YOUR DISPOSAL, RESPECTFULLY SIR, WHAT MORE ARE YOU WAITING FOR? >> SPECIFICALLY WITH THE SANCTIONS WE HAVE IMPOSED EXCEED SWIFT. THE SENTENCE WAS IMPOSED EXCEED ANYTHING THAT HAS EVER BEEN DONE. THE SANCTIONS WE IMPOSED HAVE GENERATED TWO THIRDS OF THE WORLD JOINING US. THEY ARE PROFOUND SANCTIONS. LET'S HAVE A CONVERSATION IN ABOUT A MONTH OR SO TO SEE IF THEY ARE WORKING.
>> COMPANY ASK YOU ABOUT VOLODYMYR ZELENSKYY? YOU SPOKE TO VOLODYMYR ZELENSKYY YESTERDAY, SIR? >> WHAT IS THE RISK WE ARE WATCHING THE BEGINNING OF ANOTHER COLD WAR AND IS THERE NOW A COMPLETE RUPTURE IN U.S. AND RUSSIAN RELATIONS? >> THERE IS A RUPTURE RIGHT NOW IN U.S. RUSSIAN RELATIONS IF THEY CONTINUE ON THIS PATH THEY ARE ON. IN TERMS OF THE COLD WAR, THAT IT DEPENDS.
YOU HAVE THE VAST MAJORITY OF THE REST OF THE WORLD IN TOTAL OPPOSITION TO WHAT HE'S DOING, FROM ASIA TO SOUTH AMERICA TO EUROPE, TO AROUND THE WORLD. SO, IT IS GOING TO BE A COLD DAY FOR RUSSIA. YOU DON'T TO SEE A WHOLE LOT OF PEOPLE COMING TO HIS DEFENSE. >> IF I COULD FOLLOW UP, SIR, ARE YOU URGING CHINA TO HELP ISOLATE RUSSIA, ARE YOU URGING CHINA TO HELP ISOLATE RUSSIA? >> NOT PREPARED TO COMMENT ON THAT AT THE MOMENT. >> HE'S HAD HIS AND A LONG TIME.
>> THANK YOU, MR. PRESIDENT. HOW CONCERNED ARE YOU THAT PUTIN WANTS TO GO BEYOND UKRAINE INTO OTHER COUNTRIES AND THE U.S. WILL HAVE TO GET INVOLVED IF HE MOVES INTO NATO COUNTRIES? >> IF HE DID MOVE INTO NATO COUNTRIES, WE WOULD BE INVOLVED. THE ONLY THING I AM CONVINCED OF IS IF WE DON'T STOP NOW, HE WILL BE EMBOLDENED.
IF WE DON'T MOVE AGAINST HIM NOW WITH THESE SIGNIFICANT SANCTIONS, HE WILL BE EMBOLDENED. >> CAN YOU TALK ANYTHING MORE ABOUT YOUR CONVERSATION, MR. PRESIDENT. >> WHY NOT SANCTION PUTIN DIRECTLY TODAY? >> I CAN'T HEAR YOU. >> INDIA IS A MAJOR DEFENSE PARTNER OF THE UNITED STATES. IS INDIA FULLY WITH YOU ON THE ISSUE OF UKRAINE AND RUSSIA? >> THE DEFENSE DEPARTMENT? >> INDIA IS ONE OF THE MAJOR DEFENSE PARTNERS.
IS INDIA FULLY IN SYNC WITH THE UNITED STATES ON RUSSIA QUESTION RICK >> WE ARE IN CONSULTATION WITH INDIA TOY. WE HAVEN'T RESOLVED THAT COMPLETELY. THANK YOU ALL VERY MUCH. THANK YOU. >> THERE YOU HAVE IT, THE PRESIDENT OF THE UNITED STATES MAKING REMARKS ABOUT TOUGH NEW ECONOMIC ENGINES BUT HOLDING BACK ON WHAT WOULD BE THE SWIFT SANCTION ESSENTIALLY INTERNATIONAL BANKING SANCTIONS CONSIDERED THE MOTHER LOAD OF SANCTIONS OR PERSONALLY SANCTIONING VLADIMIR PUTIN HIMSELF.
LET'S CHECK IN WITH CHARLIE D'AGATA, WHO IS IN UKRAINE'S CAPITOL OF KIEV. DESPITE THESE TOUGH NUCLEAR DIVIDERS BY THE PRESIDENT OF THE UNITED STATES, IS IT YOUR UNDERSTANDING THAT RUSSIA COULD CAPTURE KIEV BY THE END OF THE DAY? >> NOT NECESSARILY BY THE END OF THE DAY. WHAT I CAN TELL YOU IS THAT RUSSIAN PARATROOPERS, THIS IS CONFIRMED NOW, HAVE REACHED THE OUTSKIRTS OF THE CAPITOL. THEY'VE REACHED AN AIRSTRIP. UKRAINIAN FORCES, AND THE UKRAINIAN MILITARY ACTUALLY COMES FROM PRESIDENT VOLODYMYR ZELENSKYY HIMSELF SAID THEY HAVE THAT AIRSTRIP SURROUNDED AND THERE IS NO ESCAPE.
THROUGHOUT THE DAY, WE HAVE HEARD SEVERAL EXPLOSIONS. THERE IS AN INTENSE SOLO AROUND NEW YEAR. THERE HAVE BEEN JETS FLYING OVERHEAD ALL DAY LONG.
IT HAS QUIETED DOWN THIS AFTERNOON BUT NOT JUST THAT AREA, THIS IS ON THE OUTSKIRTS OF THE CAPITOL ITSELF. RUSSIAN PARATROOPERS HAVE LANDED . THERE IS A MAJOR BATTLE UNDERWAY, THE WAY THE UKRAINIAN MINISTRY IS DESCRIBING IT. THEY HAVE ALSO REACHED PART OF THE WEST.
RUSSIAN FORCES ARE ADVANCING. WE SAW THESE AIRSTRIKES OVERNIGHT AND CRUISE MISSILE STARTING PLACE IS RIGHT HERE IN THE CAPITOL. WE ARE BRACING FOR WHAT MAY COME THIS EVENING. NORA. >> CHARLIE D'AGATA THERE WITH AN OMINOUS WARNING AS RUSSIAN FORCES HAVE CAPTURED CHERNOBYL, THE SITE OF THE WORST NUCLEAR DISASTER IN WORLD HISTORY.
PRESIDENT BIDEN SAYING TODAY HE BELIEVES VLADIMIR PUTIN'S AMBITIONS ARE MUCH LARGER THAN UKRAINE. SOME OF YOU WILL NOW REJOIN CBS PROGRAMMING . OUR CONTINUING COVERAGE OF THE WAR
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