Highlights Biden says US will respond with ‘strong economic measures’ US in talks with European allies on collective response Tensions come despite high US reliance on Russian oil The Biden administration signaled Dec. 7 it was prepared to block the startup of the Nord Stream 2 gas pipeline and impose new and harsh economic sanctions that could target the energy sector in the event of a Russian military escalation into Ukraine.
US President Joe Biden told Russian President Vladimir Putin during a roughly two-hour video call Dec. 7 that the US and European allies would “respond with strong economic and other measures in the event of military escalation,” the White House said in a statement. Additional restrictions on Russia’s energy sector and access to the SWIFT financial system could be among those options, analysts said. US National […]