Addressing the nation on the crisis from the White House, Biden also said Putin's moves are the "beginning of a Russian invasion".
The country's 23 billionaires have a net worth of $343 billion, according to Bloomberg wealth list, down from $375 billion at year-end.
The bloc is expected to sanction 351 members of the Russian state Duma that voted for recognition of the two territories, The Guardian reported
'Our country is always open to a direct and honest dialogue and ready to search for diplomatic solutions to the most complicated issues,' says Putin
The top U.S. diplomat canceled a meeting with his Russian counterpart; Kyiv recalled its ambassador and considered breaking all diplomatic ties with Moscow
S&P 500 futures were up 0.55% in Asian trade, after U.S. President Joe Biden left the door open to diplomacy as he announced sanctions on two Russian banks and some elites close to President Vladimir
The squeezing of Ukraine's economy is a key destabilising tactic in what the government describes as hybrid warfare intended to eat away at the country from within
Australia is imposing sanctions on Russia for its recognition of the independence of the Donetsk and Luhansk people's republics (DPR and LPR), Prime Minister Scott Morrison said.
Japan is imposing sanctions on Russia over its actions in Ukraine, Prime Minister Fumio Kishida said, terming Moscow's moves an unacceptable violation of Ukrainian sovereignty and international law.
Ukrainian President Volodymyr Zelensky has said he expects no conflict with Russia.
The Chief of the North Atlantic Treaty Organisation (NATO) has urged Russia to "choose the path of diplomacy" in the conflict with Ukraine.
It's clear that Vladimir Putin intends to seek Xi Jinping's protection, regardless of what friends such as India might think.
Russia's Putin has raised the stakes in the Ukraine standoff by recognising the independence of rebel regions in the country's east, but will he stop at that or try to move deeper into Ukraine.
When Russian President Putin authorised troops to cross Ukraine's border into regions controlled by Russian-backed separatists, the White House initially stopped short of calling it an invasion.
Sebi tightened rules governing market infrastructure institutions (MIIs) in the aftermath of the Chitra Ramkrishna scandal. More on that in our top headlines.
Ukrainian President Volodymyr Zelensky said that Kiev has been urging the international community to hold emergency talks
Western nations imposes new sanctions on Russia on Tuesday after President Putin recognises breakaway regions of Donetsk and Luhansk.
One of the harshest measures would be to disconnect the Russian financial system from SWIFT, which handles international financial transfers.
The measures target Russian banks and sovereign debt, among other steps
The intensifying stand-off - and the response from the US and Europe - has the potential to roil raw materials markets