The United States will continue to provide assistance to Ukraine in the field of defense, American President Joe Biden said.

“We will continue to provide military assistance to Ukraine,” Biden said in an address in connection with the situation around Ukraine.

The U.S. President Joe Biden expressed hope for the preservation of opportunities for a diplomatic settlement of the crisis around Ukraine, despite the warning of impending Russian aggression and the announcement of the first batch of sanctions.

“I hope that diplomacy is still available,” he said in a televised address.

Biden condemned Russia’s actions, warned of the threat of further escalation and announced sanctions against sovereign debt, two banks and Russian elites.