What We're Watching: G7 warns Russia about invading Ukraine

Russia’s big plans for Ukraine. G7 foreign ministers warned Sunday of “massive consequences” if Russia invades Ukraine. It was the first joint statement by the group of rich democracies since recent satellite images revealed a significant buildup of Russian troops and military equipment on the border with Ukraine. Indeed, according to reports, the force that Moscow is massing near Ukraine is larger than the one it used to annex Crimea in 2014. This comes after the Pentagon said that Russia could have 175,000 troops on the border by the end of January in order to invade the former Soviet republic. In an attempt to lower the temperature last week, President Biden and Vladimir Putin held a long video call, but the Russian president was not deterred by Biden’s threat of more economic sanctions if Russia escalates further. Putin says he wants NATO not to expand membership any further into the former Soviet Union, and to stop military cooperation with Ukraine. Moscow will reportedly send a proposal for a security arrangement this week. But Putin, who has already indicated his willingness to threaten European energy markets, also knows all too well that while Washington talks a tough game, it is not willing to send in troops to defend Ukraine.