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LIVE: Bloomberg Quicktake Latest News for March 23
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March 23, 2022
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March 23, 2022
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18:43:51Now Playing(Mar. 23) PPresident Joe Biden faces a crucial test of his ability to project power and reassurance amid the biggest European security crisis in decades, as he seeks to rally U.S. allies around harder-hitting sanctions to punish Russia for invading Ukraine.
Biden will join back-to-back summits Thursday with NATO, the Group of Seven and the European Union in Brussels, where the over-arching need to paper over cracks in international support for Ukraine will collide with disagreements over how far to target energy, given Europe’s reliance on Russian gas.
The desire to showcase a common resolve against Russian President Vladimir Putin can’t hide the reality that for all the strong words, there is no will to intervene militarily in a bloody conflict at NATO’s door. The stakes have been raised by the fear that Putin could resort to deploying weapons of mass destruction, as well as unease over the role of China and how Russia’s most powerful diplomatic ally may seek to exploit the crisis.
In a stirring address to the U.S. Congress last week, Ukrainian President Volodymyr Zelenskiy presented graphic video footage of Russia’s bombardment of Ukraine and switched to English to call on Biden to be the “leader of the world,” citing the U.S.’s example in changing the outcome of World War II. The last time the U.S. stepped in directly to end a conflict in the region was in the Balkans during the 1990s.
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