Australian Prime Minister Scott Morrison has fronted the media on Wednesday discussing Australia’s response to the ongoing crisis in Ukraine

Australia will impose financial sanctions on Russia in response to the Kremlin’s growing aggression against neighbouring Ukraine.

Australian Prime Minister Scott Morrison on Wednesday announcing his nation stands with Kyiv and will not stand for the growing threat of an invasion.

Morrison revealed a range of new sanctions against Moscow, mostly financial sanctions.

Australia to target Russian banks and eight individuals with financial sanctions with the PM stating that “those that are financing and profiting an autocratic and authoritative regime should have nowhere to run and nowhere to hide.”

“This is only the start”

Morrison stated those that support Russia’s aggressive behaviour will be targeted, and revealed that the county’s top security agency ASIO is monitoring every move.

China was soon brought into the conversation at the press conference, to which the Prime Minister revealed he was somewhat pleased with Beijing’s improved response to the crisis in Ukraine.

Morrison was hopeful that the Chinese government would “join” other nations around the world in denouncing actions by Russia.

US President Joe Biden has described the ongoing situation around Ukraine as “the beginning of a Russian invasion” but he says there is still time for diplomacy.

Biden says America will sanction Russian oligarchs in retaliation for the country’s action against Ukraine, while also warning of further measures if a full-scale war does break out.

According to the president, the sanctions on Russia will be “far beyond” anything ever imposed in the past.

When Putin made his address, he called Ukraine a US colony with a “puppet regime” and now Biden has an unmistakable message to send back.

Biden says this is “the beginning of a Russian invasion of Ukraine” as he announced harsh new sanctions to punish Moscow.