Biden on new measures: Putin has "no idea what's coming"

US President Joe Biden condemned Russian President Vladimir Putin's invasion of Ukraine and warned of further measures to punish Russia

US President Joe Biden on Tuesday condemned Russian President Vladimir Putin's invasion of Ukraine — and warned of further measures to punish Russia.

Qazet.az reports that"Tonight, I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime, no more," Biden said during his State of the Union.

"We are joining with our European allies to find and seize their yachts, their luxury apartments, and their private jets. We are coming for your ill-begotten gains," he said.

The US is also closing its airspace to Russian aircraft, joining a number of countries that took similar measures this past week, "further isolating Russia," Biden said.

"Putin has unleashed violence and chaos. But while he may make gains on the battlefield — he will pay a continuing high price over the long run," Biden said.