Russian President Vladimir Putin ordered troops to eastern Ukraine as a "peacekeeping" operation.
Russian lawmakers granted Putin the authority to use troops abroad.
In response, Germany halted the Nord Stream 2 gas pipeline as the threat of a Russian invasion looms.
Putin calls for recognition of Crimea as part of Russia, among other demands
Russian President Vladimir Putin called for a number of demands on Tuesday, including the recognition of Crimea to be a part of Russia.
Putin also called for a halt to weapons shipments to Ukraine and an end to talks of Ukraine joining NATO, both long-standing Russian grievances.
Putin also baselessly claimed on Tuesday that Ukraine had the capacity to create nuclear weapons. The false claim comes as US officials have warned that Russia is seeking a pretext to invade Ukraine.
Ukraine was briefly the third-largest nuclear power in the world after the fall of the Soviet Union due to a large number of Soviet nukes left behind, NPR reported. However, in 1994, the country agreed to give up the nukes in exchange for the US, UK, and Russia guaranteeing its safety.
Ukraine has never produced its own nuclear weapons.
NATO chief says this is the 'most dangerous' moment in European security in a 'generation'
NATO's secretary general gave a warning Tuesday as the possibility for a Russian invasion of Ukraine looms over Europe.
"This is the most dangerous moment in European security for a generation," Jens Stoltenberg said at a press conference after President Vladimir Putin ordered Russian troops into eastern Ukraine on Monday.
"We urge Russia in the strongest possible terms to choose the path of diplomacy," Stoltenberg added.
Jen Psaki praises Germany for shutting down Nord Stream 2 gas pipeline over Russian invasion threat
White House Press Secretary Jen Psaki commended Germany for shutting down the Nord Stream 2 pipeline after Russia sent troops to Ukraine.
"[Joe Biden] made clear that if Russia invaded Ukraine, we would act with Germany to ensure Nord Stream 2 does not move forward," Psaki tweeted. "We have been in close consultations with Germany overnight and welcome their announcement."
She added: "We will be following up with our own measures today."
The UK announced sanctions against five major banks and three individuals on Tuesday in its first move to punish Russia for sending troops to Ukraine.
Prime Minister Boris Johnson called it the "first tranche, the first barrage" of sanctions over its aggression towards Ukraine.
The five banks are Rossiya, IS Bank, General Bank, Promsvyazbank, and the Black Sea Bank. Three individuals – Gennady Timchenko, Boris Rotenberg, and Igor Rotenberg – were also named.
Germany axes pivotal Nord Stream 2 pipeline bringing Russian gas to Europe
Germany scrapped plans for the Nord Stream 2 gas pipeline Tuesday after Russian President Vladimir Putin sent troops into Ukraine.
German Chancellor Olaf Scholz said in an address on the Ukraine crisis Tuesday that he is going to "reassess" the certification, a necessary approval for the pipeline to start moving gas from Russia to Europe.
Putin orders Russian troops to eastern Ukraine for 'peacekeeping' operation, a major escalation towards a war
Russian President Vladimir Putin ordered troops into Eastern Ukraine on Monday as a "peacekeeping operation," escalating the conflict between the two countries.
Putin signed a presidential decree allowing the "peacekeeping" after he decided to recognize Donetsk and Luhansk, two separatist territories that are loyal to Moscow, as independent states rather than a part of Ukraine.
Russia has been building up forces around Ukraine for months, while the US and its allies have warned Russia not to invade the country or face severe sanctions.
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Путин заявил, что Россия готова увеличить поставки нефти и газа в Индию