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President Joe Biden announces “the first tranche” of new sanctions against Russia, calling Russian leader Vladimir Putin’s incursion into Ukraine a “flagrant violation of international law.” The sanctions target major Russian banks, its sovereign debt, and elites and their families. Biden also orders extra “defensive” troops to Estonia, Latvia, and Lithuania. “Whatever Russia does next, we’re ready to respond with unity, clarity, and conviction,” he says, adding: “Defending freedom will have costs for us as well here at home. We need to be honest about that.”