(CNN) — The United States is poised to impose a series of tough economic sanctions on Russia should it invade Ukraine, starting with high-impact targets that would impose “severe and overwhelming costs on Russia’s economy,” Joe Biden administration officials told CNN. The United States and Russia will meet on Monday for talks high-profile aimed at preventing a war, as Russia has continued to accumulate troops near the borders with Ukraine. As vice president in 2014, Biden urged President Barack Obama to impose tougher sanctions on Russia and arm Ukraine. Some Joe Biden administration officials have warned in recent weeks of the collateral economic damage from tough sanctions and the risk of Russian cyberattacks in retaliation if the United States complies with the sanctions. The United States is also willing to discuss the future of some missile systems in Europe along the lines of the now-defunct Intermediate-Range Nuclear Forces Treaty.

Source: CNN January 09, 2022 04:13 UTC