• By The Financial District

Biden-Putin Talks Didn't Resolve Anything

President Joe Biden and Vladimir Putin were still far apart after two hours of talks on the escalating crisis caused by Russia’s massing of tens of thousands of troops near its border with Ukraine, Aamer Madhani and Vladimir Isachenkov reported for the Associated Press (AP).

Photo Insert: Russian President Vladimir Putin during the video conference with US President Joseph Biden

Biden delivered a simple message during Tuesday’s video call with Putin: Invade Ukraine again and face painful sanctions that will do resounding harm to your economy.

Putin had his own blunt take, according to his foreign adviser Yuri Ushakov, telling the US president that “the Russian troops are on their own territory, and they don’t threaten anyone.”

With no immediate breakthrough to ease tensions on the Ukraine question, the US emphasized a need for diplomacy and de-escalation, while issuing stern threats to Russia about the high costs of a military incursion.

The US could also prevent the Nord Stream 2 pipeline from delivering gas from Russia to Europe or prevent its businesses from having access to the international financial system.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Biden “told President Putin directly that if Russia further invades Ukraine, the United States and our European allies would respond with strong economic measures,” US National Security Adviser Jake Sullivan said.

He added that Biden said the US would also “provide additional defensive material to the Ukrainians … and we would fortify our NATO allies on the eastern flank with additional capabilities in response to such an escalation.”

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