Since Russia invaded Ukraine last Thursday, Western powers have remained steadfast on one point: They will not engage Russia in a hot war to defend Ukraine. Instead, they are piling on an increasingly punishing slate of economic penalties.

Today, we're going to break down some of the key sanctions and look at their current and potential impacts.

First, Giles Gibson, a correspondent for Feature Story News, will give us a view from Moscow, where people are already starting to feel the effects of the penalties. Then, we'll speak to Ian Talley from the Wall Street Journal about what exactly these sanctions are — and whether they'll work to limit Russian President Vladimir Putin's actions.