Russia-Ukraine updates: US to ban Russian carriers from its airspace

State Department spokesperson Ned Price told reporters at Wednesday's briefing that "Russia's invasion of Ukraine is beginning."

Price outlined the sanctions placed on Russia, including President Joe Biden's recent sanctioning of Nord Stream 2 AG, the company in charge of the natural gas pipeline from Russia to Germany. 

"By acting together with the Germans, how we did when we did and the way in which we did, we have ensured that this is an $11 billion prize investment that is now a hunk of steel, sitting at the bottom of the sea," Price said. 

Echoing remarks from Secretary of State Antony Blinken on Tuesday, Price said the U.S. will no longer engage in the "pretense of diplomacy" with Russia, adding, "This is and has been, in some ways, diplomatic Kabuki theater on the part of the Russians.

"The goal now is to "avert the worst-case scenario" in Ukraine, he said, which may include "an attack on major urban centers, including Kyiv" and "horrific human rights abuses, atrocities, potential war crimes.”

"These are all things that even as the invasion is beginning, we are going to do everything we reasonably can to prevent from happening," Price said.

When asked about former President Donald Trump and former Secretary of State Mike Pompeo praising Russian President Vladimir Putin this week, Price replied, "I have no response. In fact, I have no words."

House Speaker Nancy Pelosi referred to Russian President Vladimir Putin as a "tyrant" on Wednesday and defended President Joe Biden's handling of the crisis in Ukraine.

"This is the same tyrant who attacked our democracy in 2016," Pelosi said during her weekly press briefing. "This is the same tyrant who is opposed to democracy and wants to minimize, trivialize it, to downgrade it in the eyes of the Russian people." 

While Biden has faced political attacks from some Republicans who argue U.S. sanctions do not go far enough, Pelosi called the president's actions "appropriate." 

"This is a unified effort by our allies in the NATO alliance. And what was proposed was what was agreed to in terms of timing," she said.

ABC News' senior congressional correspondent Rachel Scott asked Pelosi and other lawmakers if they believe the sanctions announced by the administration Tuesday were enough to deter Putin.

"I think the sanctions are going to just continue to increase and we'll have an ultimately crippling impact on many sectors of the Russian economy," Rep. Adam Schiff, D-Calif., responded.

Pelosi added that Russia hasn't seen the "depth" of the sanctions take hold yet. 

"Putin is probably the richest man in the world," Pelosi said. "Follow the money. That's what's the sanctions are about."

-ABC News' Mariam Khan

President Joe Biden announced additional sanctions on Wednesday impacting Nord Stream 2 AG, the company in charge of building Nord Stream 2, the massive natural gas pipeline connecting Russia to Germany's Baltic coast.

"Yesterday, after further close consultations between our two governments, Germany announced that it would halt certification of the pipeline. Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers," Biden said in a statement.

Biden said he had directed his administration to sanction Nord Stream 2 AG, as well as the firm's corporate officers.

The Biden administration had held off sanctioning the company, holding the threat of sanctions as leverage.

The president said this move was part of the "initial tranche of sanctions" that he first announced and began to roll out on Tuesday.

-ABC News' Ben Gittleson

About 80% of Russian forces amassed around Ukraine are in what the Pentagon calls "forward positions" and are "ready to go" if given the order to invade, a senior defense official said Wednesday.

The official said the U.S. has not seen Russian troops breaking out from the two separatist republics in eastern Ukraine but added that the U.S. is operating under the assumption that Russia has, indeed, sent more troops into the separatist-controlled area of Donbas.

“We have we have been saying any day now, and it is certainly possible that today is that day," the official said. "They could go at any hour now."

While the official said it still appears Russia is preparing for a large-scale invasion, they added, "If ever we want to be wrong, we want to be wrong about this."

-ABC News' Matt Seyler and Luis Martinez