put more sanctions on you, vladimir putin, if you go further, listen. >> who in the lord's name does putin think gives him the right to declare new so-called countries on territory that belonged to his neighbors? this is a flagrant violation of international law. and demands a firm response from the international community. i'm announcing the first tranche of sanctions to impose costs on russia in response to their actions yesterday. these have been closely coordinated with our allies and partners and we'll continue to escalate sanctions if russia escalates. none of us will be fooled. there is no justification. further russian assault of ukraine remains a severe threat in the days ahead. and if russia proceeds, it is russia and russia alone that bears the responsibility. >> so, you might be thinking, fine, who are the sanctions against? they target big russian banks, big financial institutions and moscow's sovereign debt basically trying to cut the