US President Joe Biden he said in an address to the nation on Tuesday that a Russian attack on Ukraine remained a strong possibility, warning that the US has yet to verify that Russian units return home and that an invasion remains possible. However, Biden continued, diplomacy should have every chance of success and there are real ways to address Russian security concerns.
The United States is proposing new arms control and other measures to Russia, Biden said, adding that the United States and NATO have no plans to place missiles in Ukraine. The United States and NATO are not a threat to Russia, Biden stressed, telling Russian citizens directly that “we are not your enemy.” The United States is not targeting the Russian people or stability, Biden added.
If Russia attacks Ukraine, it would be for no reason and the human cost would be immense, Biden said. The United States and its allies are ready to impose powerful sanctions and export controls on Russia if it invades, he continued, saying the Nord Stream 2 pipeline would not go ahead. Biden reiterated that the US will defend every inch of NATO territory with the full force of US power and will hold military exercises with allies and partners soon.
A Russian invasion would have consequences for American citizens at home, Biden warned, saying it could have an impact on energy prices. If Russia attacks through cyber or other asymmetric means, the United States and its allies will respond, she noted. Biden closed his comments by saying that if America does not defend freedom where it is at risk, we will pay the price tomorrow.
market reaction
Currency markets did not react to Biden’s latest comments, which served more as a reiteration of what US and NATO officials have been saying repeatedly in recent days.
Source: Fx Street
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