Biden warns of risk to U.S. economy from fallout if Russia invades Ukraine

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Biden warns of risk to U.S. economy from fallout if Russia invades Ukraine
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President Biden warns that Russia remains in 'a threatening position” near Ukraine and says his team has been involved in non-stop diplomatic efforts in hopes of easing Russia-Ukraine tensions.

WASHINGTON — President Joe Biden said Tuesday that he has hope, both of a diplomatic solution to ease tensions over Ukraine and in Russian President Vladimir Putin’s willingness to continue those talks.

Biden said it was still “very much a possibility” that Russia will invade Ukraine and warned the American people that they could see a spike in energy prices should Russian President Vladimir Putin carry out an invasion. Biden said the U.S. is proposing new arms control, transparency measures, and stability measures with Russia as part of the diplomatic effort.

Foreign policy analysts have been urging Biden publicly to address the nation more directly in recent days about Ukraine and Russia and prepare the American public for the possible fallout.

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