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Update: US considers offering Ukraine $1bn in sovereign loan guarantees

The US has also threatened sanctions against Russia if there is an invasion.

Amid warnings from the West that time really is running out, the G7 group of nations has reiterated that it is ready to impose sanctions on Russia if it sends troops over the border; we hear from Anders Aslund, senior fellow at the Stockholm Free World Forum and an Adjunct Professor at Georgetown University. We get market reaction from Peter Jankowskis of Arbor Finanvcial. Plus, a former Goldman Sachs banker has gone on trial in New York at the start of a multi-billion money laundering trial. The case centres on a scandal in Malaysia known as 1MDB that helped bring down a government. We hear the latest from our US business reporter Michelle Fleury.

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15 minutes

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