OPINION
Market Rating Before FOMC MeetingJan 31
Details of the Biden – Putin Meeting
Financial markets were focused on the meeting of US President Joe Biden and Russian President Vladimir Putin. The scheduled meeting took place yesterday via video conference for 121 minutes.
At the meeting, Joe Biden expressed his deep concern about Russia's activities in Ukraine, noting that if 100,000 Russian soldiers waiting at the border have a military action against Ukraine, the United States and its allies will respond with strong economic and political sanctions. It was the most important issue discussed between the two leaders. Here, President Biden also drew attention to the fact that he repeated his support for the territorial integrity of Ukraine, calling for lowering tensions and returning to diplomatic solutions.
In 2014, the Russian–Ukrainian tension opened up in earnest after the Ukrainian revolution, and the tension continued to escalate after Russia formally annexed Crimea on 18 March 2014, incorporating the Republic of Crimea and the federal city of Sevastopol as the 84th and 85th federal subjects of Russia.
Russian President Vladimir Putin stated that the North Atlantic Treaty Organization (NATO) has strengthened its military potential near the Russian borders and has made dangerous attempts to invade Ukrainian territory. Putin also told his U.S. counterpart he wanted guarantees that offensive strike systems would not be deployed in countries close to Russia. Both presidents ordered their respective teams to follow up the meeting and discussed working together on issues such as US–Russian dialogue based on strategic stability and cyberbullying and Iran.
The Kremlin made a statement and noted that bilateral ties with Washington were in an "unsatisfactory state". The Nord Stream 2 Pipeline, which will transport natural gas into the European Union to enhance security of supply, was not discussed in the meeting. The Kremlin also noted that the dialogue between Putin and Biden was in a serious mood, and Putin said that it was wrong to put all responsibility on Russia.
The White House statement on the issue also made it clear that they will respond with strong economic sanctions and other measures in the event of military aggression. And US National Security Adviser Jake Sullivan said that there are no threatening situations, but that the United States has very clearly demonstrated its position. "I will look you in the eye and tell you, as President Biden looked President Putin in the eye and told him today, that things we did not do in 2014 we are prepared to do now," he further noted.
After the meeting, Ukrainian President Volodimir Zelensky said that they were grateful to the United States for President Biden's support.
At the meeting, Joe Biden expressed his deep concern about Russia's activities in Ukraine, noting that if 100,000 Russian soldiers waiting at the border have a military action against Ukraine, the United States and its allies will respond with strong economic and political sanctions. It was the most important issue discussed between the two leaders. Here, President Biden also drew attention to the fact that he repeated his support for the territorial integrity of Ukraine, calling for lowering tensions and returning to diplomatic solutions.
In 2014, the Russian–Ukrainian tension opened up in earnest after the Ukrainian revolution, and the tension continued to escalate after Russia formally annexed Crimea on 18 March 2014, incorporating the Republic of Crimea and the federal city of Sevastopol as the 84th and 85th federal subjects of Russia.
Russian President Vladimir Putin stated that the North Atlantic Treaty Organization (NATO) has strengthened its military potential near the Russian borders and has made dangerous attempts to invade Ukrainian territory. Putin also told his U.S. counterpart he wanted guarantees that offensive strike systems would not be deployed in countries close to Russia. Both presidents ordered their respective teams to follow up the meeting and discussed working together on issues such as US–Russian dialogue based on strategic stability and cyberbullying and Iran.
The Kremlin made a statement and noted that bilateral ties with Washington were in an "unsatisfactory state". The Nord Stream 2 Pipeline, which will transport natural gas into the European Union to enhance security of supply, was not discussed in the meeting. The Kremlin also noted that the dialogue between Putin and Biden was in a serious mood, and Putin said that it was wrong to put all responsibility on Russia.
The White House statement on the issue also made it clear that they will respond with strong economic sanctions and other measures in the event of military aggression. And US National Security Adviser Jake Sullivan said that there are no threatening situations, but that the United States has very clearly demonstrated its position. "I will look you in the eye and tell you, as President Biden looked President Putin in the eye and told him today, that things we did not do in 2014 we are prepared to do now," he further noted.
After the meeting, Ukrainian President Volodimir Zelensky said that they were grateful to the United States for President Biden's support.
