Russia’s invasion of Ukraine has prompted Sweden and Finland to abandon their long-held nonaligned status and apply to join NATO, but the move had been blocked until now by Turkey.
The U.S. Agency for International Development estimates 750,000 people are at immediate risk of starvation around the world as a result of Russia's invasion.
During a NATO summit in Europe, Biden also plans to announce changes to deployments in several Baltic countries that he authorized ahead of Russia’s invasion of Ukraine.
The incident came a week after Russian officials threatened to retaliate because Lithuania restricted the transit of steel and ferrous metals under E.U. sanctions.
The Western military alliance will boost the number of forces at high readiness to over 300,000, Secretary-General Jens Stoltenberg told reporters ahead of a summit in Madrid.
The Kremlin, which has the money to make payments thanks to oil and gas revenues, swiftly rejected the claims, and it has accused the West of driving it into an artificial default.
President Joe Biden and the leaders of the other major global economies sought to finalize plans to pursue a price cap on Russian oil and impose new sanctions on the Kremlin.
The trip comes while a high-level U.S. delegation is visiting Sri Lanka, seeking ways to help the island nation cope with an unprecedented economic crisis.
“Russia is still trying to intimidate Ukraine, cause panic and make people be afraid,” Ukrainian presidential advisor Mykhailo Podolyak said on Twitter.
The Kremlin has refused to rule out the death penalty for U.S. military veterans Alexander Drueke and Andy Huynh, who were reported missing in eastern Ukraine last week.