Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Biden calls Russia biggest threat to international order

Published 01/18/2017, 06:35 AM
Updated 01/18/2017, 06:40 AM
© Reuters. Joe Biden, Vice President of the United States speaks at the annual meeting of the World Economic Forum (WEF) in Davos

By Noah Barkin

DAVOS, Switzerland (Reuters) - U.S. Vice President Joe Biden, in his last major speech before leaving office, described Russia on Wednesday as the biggest threat to the international liberal order and said Washington must work with Europe to stand up to Vladimir Putin.

Biden was speaking at the World Economic Forum in Davos two days before the inauguration of Donald Trump as U.S. president.

Trump has sent conciliatory signals to Putin and seemed to encourage the disintegration of the European Union by praising Britain's decision to leave the bloc and predicting that more countries could bolt.

Biden pushed back forcefully against Trump's message, warning hundreds of leaders, CEOs and bankers gathered in a vast conference hall in the Swiss Alps resort town that Putin was likely to try to influence a series of elections in Europe this year, as it is accused of doing in the recent U.S. vote.

"Under President Putin, Russia is working with every tool available to them to whittle away at the edges of the European project, test the fault lines of western nations and return to a politics defined by spheres of influence," Biden said.

"With many countries in Europe slated to hold elections this year, we should expect further attempts by Russia to meddle in the democratic process. It will occur again, I promise you. And again the purpose is clear: to collapse the liberal international order," Biden added.

He did not address Trump directly, but warned of a "dangerous willingness to revert to political small-mindedness" in politics and said that "dangerous autocrats and demagogues" had tried to capitalize on people's fears throughout history.

Biden called Article 5 of the NATO treaty, which states that an attack on one member of the transatlantic military alliance is considered an attack on all, a "sacred obligation".

Trump has called NATO "obsolete" and raised doubts about whether he would respect Article 5, stirring deep unease in Europe.

"Defending the liberal international order requires that we resist the forces of European disintegration and maintain our longstanding insistence on a Europe, whole, free and peaceful," said Biden.

© Reuters. Joe Biden, Vice President of the United States speaks at the annual meeting of the World Economic Forum (WEF) in Davos

"It means fighting for the European Union, one of the most vibrant and consequential institutions on earth," he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.