Biden reaffirmed the readiness of the United States along with its allies and partners to respond decisively if Russia further invades Ukraine
President Joe Biden and new German Chancellor Olaf Scholz will discuss Russian aggression toward Ukraine during a meeting next month in Washington
Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen
Tensions have soared in recent weeks, as the United States and its NATO allies expressed fear that Moscow planned to invade its ex-Soviet neighbour
The big picture must figure in strategic calculations
All eyes are now on President Vladimir Putin, who will decide how Russia will respond amid fears that Europe could again be plunged into war
LONDON (Reuters) - Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy.
There's still room for diplomacy in the Ukrainian crisis. At least that's the conviction of French President Emmanuel Macron, who continues to push for dialogue with Russia
Washington sets out a diplomatic path to address sweeping Russian demands in eastern Europe.
The bloc would need to both hike imports of liquefied natural gas and impose emergency measures to cut demand.
Fed Chairman Jerome Powell struck a hawkish tone on Wednesday
This support is in addition to the loan of up to $120 million for Ukraine announced last week
The Kremlin has repeatedly denied it has plans to attack Ukraine, but the US and NATO are worried about Russia massing its troops near Ukraine
Secretary of State Antony Blinken said the US has made no concessions to the main Russian demands over Ukraine and NATO in a written response delivered to Moscow.
Tensions over Ukraine have increased in recent months, with Russia and NATO accusing each other of amassing troops on the Russian-Ukrainian border
Wider markets also rallied on Wednesday, as this week's sell-off started to ease.
In another key development, the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meets on Feb. 2 to consider another output increase.
Oil prices hit seven-year high last week on worries that supplies could tighten due to Ukraine-Russia tensions
TOKYO (Reuters) - The euro hovered near its weakest in a month versus the safe-haven dollar and yen on Wednesday as traders fretted over a potential military conflict in Ukraine and the possibility of accelerated Federal Reserve policy tightening.
President Joe Biden's effort to rally support, ahead of a potential Russian invasion of Ukraine is just latest big test of his ability to bridge ideological gaps and balance competing interests.