'Beginning of invasion': Biden announces Russian sanctions over Ukraine

President Joe Biden says Russian President Vladimir Putin's actions in the last 24 hours has signaled the "beginning of an invasion" and announced the first round of sanctions against Russia in response. Implementing full blocking sanctions will not allow Russia to trade with European markets and the Nord Stream 2 pipeline will not move forward, Biden said. The president added that Russia will pay an even steeper price if this continues and the U.S. has no intention of fighting Russia.