Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Biden warns Putin of sanctions, aid for Ukraine military if Russia invades

ForexDec 08, 2021 04:55AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
3/3 © Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the Build Back Better Act and its impact on the cost of prescription drugs during a speech in the East Room at the White House in Washington, U.S., December 6, 2021. REUTERS/Leah Millis 2/3

By Andrea Shalal, Steve Holland and Andrew Osborn

WASHINGTON/MOSCOW (Reuters) - President Joe Biden warned Russian President Vladimir Putin on Tuesday that the West would impose "strong economic and other measures" on Russia if it invades Ukraine, while Putin demanded guarantees that NATO would not expand farther eastward.

The two leaders held two hours of virtual talks on Ukraine and other disputes in a video call about U.S.-Russian relations, which have sunk to their lowest point since the end of the Cold War more than three decades ago, as Russia masses tens of thousands of troops on Ukraine's border.

Putin responded to the warning with a demand for reliable, legally binding guarantees against NATO expansion eastward and complained about NATO attempts to "develop" Ukrainian territory," the Kremlin said.

The White House said Biden did not make any guarantees to limit NATO expansion with regard to Ukraine.

"I will tell you clearly and directly he made no such commitments or concessions. He stands by the proposition that countries should be able to freely choose who they associate with," Biden's national security adviser Jake Sullivan told reporters.

No breakthroughs were reported but both sides agreed to continue communications, a development that could lower global tensions.

The Kremlin has denied harboring any intention to attack Ukraine and has said a troop buildup on its southern border is defensive, but neighboring nations are sounding alarms.

Biden warned Putin he could face stiff economic sanctions, the disruption of the Nord Stream 2 gas pipeline to Europe, and that the United States and European allies would provide additional defensive capabilities to Ukraine.

The president "made clear that the U.S. and our Allies would respond with strong economic and other measures in the event of military escalation," the White House said in a statement.

"Things we did not do in 2014 we are prepared to do now," Sullivan told reporters after the call, referring to the reaction to Russia's annexation of Crimea from Ukraine.

In case of an attack, the United States would be looking to respond positively if Baltic allies ask for additional U.S. "capabilities" or "deployments," he said.

The United States could also target Russia's biggest banks and Moscow's ability to convert roubles into dollars and other currencies, one official said.

In 2014, Washington focused mainly on defensive, non-lethal aid following Russia's annexation of Crimea out of fear it would escalate the crisis.

Biden was "direct and straightforward" with Putin, Sullivan said. "There was a lot of give-and-take, there was no finger-wagging, but the president was crystal clear where the United States stands on all of these issues," Sullivan said.

The Kremlin said Putin told Biden it was wrong to put all the responsibility on Russia's shoulders for current tensions.

Moscow has voiced rising irritation over Western military aid to Ukraine, a fellow former Soviet republic that has tilted toward the West since a popular revolt toppled a pro-Russian president in 2014, and what Russia calls creeping NATO expansion.

RUSSIA WANTS GUARANTEES

Putin complained about NATO attempts to "develop" Ukrainian territory, the Kremlin said.

"Therefore, Russia is seriously interested in obtaining reliable, legally fixed guarantees that rule out NATO expansion eastward and the deployment of offensive strike weapons systems in states adjacent to Russia," the Kremlin said.

Putin also called for guarantees that offensive strike systems would not be deployed in countries close to Russia, according to the Kremlin.

Russian TV footage showed Biden and Putin greeting each other in a friendly manner at the start of the virtual summit.

Both sides say they hope the two leaders can hold an in-person summit to discuss ties between the two nations, which have long-standing differences over Syria, U.S. economic sanctions and alleged Russian cyberattacks on U.S. companies.

A Ukraine official said after the talks that Kyiv was grateful to Biden for his "unwavering support".

A U.S. congressional defense bill released after the talks included $300 million for Ukraine's military.

For the Kremlin, the growing NATO embrace of neighbouring Ukraine - and what it sees as the nightmare possibility of alliance missiles in Ukraine targeted against Russia - is a "red line" it will not allow to be crossed.

Moscow has questioned Ukrainian intentions and said it wants guarantees that Kyiv will not use force to try to retake territory lost in 2014 to Russia-backed separatists, a scenario Ukraine has ruled out.

WESTERN ALLIES ENGAGED

Leaders from Britain, the United States, France, Germany and Italy spoke on Monday and "agreed to stay in close touch on a coordinated and comprehensive approach in response to Russia’s military build-up on Ukraine's borders", the White House said.

The Russian rouble weakened slightly on Tuesday, with some market analysts predicting the talks would de-escalate tensions and others saying the U.S. sanctions threat eroded hopes of finding common ground.

U.S. officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 pipeline if Russia invades Ukraine, a senior congressional aide said.

"If President Putin moves on Ukraine, our expectation is that the pipeline will be suspended," Undersecretary of State for Political Affairs Victoria Nuland told the Senate Foreign Relations Committee.

The United States has evaluated the possibility of curbing investors' ability to buy Russian debt on the secondary market, a measure that even if taken only by Washington was seen as having a severe impact on Russia’s government, according to a person with direct knowledge of the matter.

Washington could target the Russian Direct Investment Fund as well.

CNN reported that sanctions could include disconnecting Russia from the SWIFT international payment system used by banks around the world, an extreme step that would likely require coordination with allies.

German Gref, chief executive of Russia's top bank, Sberbank, on Tuesday called that idea "nonsense" and "impossible to execute".

The United States has urged both Ukraine and Russia to return to a set of largely unimplemented agreements signed in 2014 and 2015 that were designed to end the conflict in eastern Ukraine.

Biden warns Putin of sanctions, aid for Ukraine military if Russia invades
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (19)
George Jetson
George Jetson Dec 08, 2021 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sleepy joe had forgotten this message
Matthew Lim
SilkRdEconomist Dec 08, 2021 8:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
seems likely to be another failed foreign policy
MK MK
MK MK Dec 08, 2021 6:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Come on, Russia and USA, fire each other! World will be much better place without those two states-gangsters
VietAnh Tran
VietAnh Tran Dec 08, 2021 6:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So you Chicom survive ruling the world ? Come on go home and clean up yourself.
Jan Chojnacki
Jan Chojnacki Dec 08, 2021 6:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"if invades" means that it is only an excuse to run Nord stream because Russia would say "we haven't attacked"
David David
David9 Dec 08, 2021 12:29AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Before we go and tell someone don't do something... we need to first take care of problems at home first... take care of homelessness, covid deaths, inequality, racism... before I go tell my neighbor how to run their family, I first have to make sure my family are well taken care of first... that's it.
VietAnh Tran
VietAnh Tran Dec 08, 2021 12:29AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
David9 you Chicom sucker
William Smith
William Smith Dec 07, 2021 11:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden was telling Putin what ice cream flavor he wanted for desert.
Red Riley
Red Riley Dec 07, 2021 9:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
let's go random lol
Ravi Kiran
Ravi Kiran Dec 07, 2021 8:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Putin is right. Why is NATO expanding towards East.?
VietAnh Tran
VietAnh Tran Dec 07, 2021 8:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why not it ? Everyone needs to breath air of freedom and democracy. Give them what they want. Autocracies go to *******
Gordon Edgett
Gordon Edgett Dec 07, 2021 8:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Think about it, does Biden exemplify strength. Too laughable.
rizwan aslam
rizwan aslam Dec 07, 2021 8:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Funny
John Hat
John Hat Dec 07, 2021 7:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden made Putin stronger with the pipe deal, now he wants to act tough against them? Dems must have some serious crk heads to believe Biden will be tough on Putin.
Ac Tektrader
Ac Tektrader Dec 07, 2021 7:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I see lessko forgets about Trump's glorious kissing of Putin's big round behind at Helsinki. the one thing putin knows, Biden isn't Trump the looser, biden will not drag his feet, when it comes to instituting and enforcing sactions.
John Hat
John Hat Dec 07, 2021 7:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
#BlueAnon #TrumpDS
Mike Lomash
Mike Lomash Dec 07, 2021 7:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Im sure he told Putin 🤣🤣
Petet Larkar
Petet Larkar Dec 07, 2021 4:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the iqs below r staggering. this is a major us win. putin doesn't have the balls...
Keith Wilson
Keith Wilson Dec 07, 2021 3:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What the news isnt saying is that the meeting actually lasted two and a half hours..... 30 minutes of talking abd then a 30 minute Biden nap, 30 minutes of talking and a 30 minute Biden nap, and then 30 minutes of talking.
Shane James
Shane James Dec 07, 2021 3:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The US is destabilizing the region and telling Russia they can't defend themselves. what a joke.
Petet Larkar
Petet Larkar Dec 07, 2021 3:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Shane you should leave for Russia immediately..
VietAnh Tran
VietAnh Tran Dec 07, 2021 3:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hey anti-US Americans. Why are you even here breathing freedom and sucking autocracy at a same time ? F off.
VietAnh Tran
VietAnh Tran Dec 07, 2021 3:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hey anti-US Americans. Why are you even here breathing freedom and sucking autocracy at a same time ? F off.
Matt Brackley
Matt Brackley Dec 07, 2021 2:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol...news flash they don't need the USD
David CA
ILoveQE Dec 07, 2021 1:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I'm sure the meeting went down more like...Biden just sat there talking gibberish in the corner and Putin had the meeting with the heads from State, NSA, Intel community and the DOD.
Thomas DeVito
Thomas DeVito Dec 07, 2021 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden is a very weak president and everyone knows it
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email