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Free AccessBiden: 'China Understands Its Future Is With The West, Not Russia'
US President Joe Biden has spoken in Brussels following a hectic day of diplomatic talks.
- Biden confirms previously announced measures agreed today: USD$1 billion in humanitarian assistance to Ukraine, the US to admit 100,000 Ukrainian refugees, new sanctions on 400 individuals and entities. NATO to establish three new battlegroups to enhance security on NATO's eastern flank.
- Biden says: 'NATO has never ever been more united than it is today. Putin is getting the exact opposite of what he wanted.'
- Biden refuses to give 'intelligence data' about whether or not Russia is planning to use chemical or biological weapons.
- Biden on China: I had a very straight forward conversation with Xi [earlier this month]. I made it clear to him that he understood the consequences for dealing with Russia. I made no threats but indicated that Western companies have left Russia. I indicated that he would be putting Chinese economic growth in jeopardy if he supported Russia.'
- Biden: 'China understands that its economic future is far more connected with the West than it is with Russia.'
- Biden confirms that discussions took place today on food shortages. He says that Russia and Ukraine have long been the bread basket of Europe and there will be significant costs to many countries from sanctions on Russia.
- Biden says he wants Russia excluded from the G20 and he wants Ukraine to be admitted to the group as an observer.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.