During Tuesday video call, the President of the United States, Joe Biden and President Vladimir Putin of Russia spoke for about two hours amid tensions between the two countries.
According to the White House said Biden voiced “deep concerns” that the United States and its European allies share concerning Russia’s military buildup along the Ukrainian border.
According to the White House statement, “The president also made it known that the United States and its allies would give response with solid economic and other yardstick in the event of military escalation.”
The administration has not release any specific details on the economic tactics it will make use of, but on Monday the White House may be looking forward to block Russia from the SWIFT international system.
Some months ago around April, The Parliament of Europe signed a nonbinding agreement that would cut Russia from the banking network if perhaps it invade Ukraine.
The United States has yet to officially taken a position on the agreement but according to a reliable source proved that Russia would view move by the United States as an act of “economic warfare.”
According to the White House statement, “President Biden pledged his support for Ukraine’s sovereignty and territorial integrity and called for de-escalation and a return to diplomacy.”