Biden said the US will continue to escalate sanctions if Russia escalates.
The executive order also provides authority to impose sanctions on any person determined to operate in those areas of Ukraine.
President Joe Biden is prepared to engage with his Russian counterpart Vladimir Putin in any format at any place and time to prevent a war, top United States diplomat said on Sunday as he asserted that everything leading up to the actual invasion of Ukraine appears to be taking place.
China on Thursday criticised India's latest decision to block access to 54 more Chinese mobile apps over security and privacy concerns, saying that the move has damaged the legitimate interests of companies from China. India on Monday blocked 54 more apps with Chinese links, including Tencent Xriver, Nice Video baidu, Viva Video Editor, and gaming app Garena Free Fire Illuminate. The Chinese apps allegedly obtain various critical permissions and collect sensitive user data. The collected real-time data are being misused and transmitted to servers located in a hostile country, sources in India said, adding that the IT ministry has issued interim directions for the blocking of 54 apps.
'We know that our Indian partners are committed to that rules-based international order. There are any number of tenets in that order. One of them is that borders cannot be redrawn by force'
The attack would be preceded by a fabricated pretext that the Russians use as an excuse to launch an invasion.
The US is ready to respond "decisively" to a Russian attack on Ukraine which is still very much a possibility, President Joe Biden has said, urging Moscow to step back from the brink of war.
White House Principal Deputy Press Secretary Karine Jean-Pierre told reporters on Monday that the United States is actively working to reach a diplomatic solution to de-escalate the crisis.
India is a driving force of the Quad and an engine for regional growth, said the White House, days after foreign ministers of the countries, which are part of the grouping, met in Melbourne.
"On the border issue, China always maintains that we should follow through on treaties and agreements we signed and we jointly uphold peace and tranquility at the border region," Foreign Ministry spokesman Wang Wenbin said while responding to Jaishankar's remarks.
China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation.
China in a provocative move fielded Qi Fabao, the regimental commander of the (PLA), who was injured during the June 2020 clash in the Galwan Valley in eastern Ladakh, as a torchbearer for the Olympics Games Torch Relay, which led India to diplomatically boycott the opening ceremony of the games on Friday.
In the past, India strongly rejected references made to Jammu and Kashmir in a previous joint statement by Pakistan and China.
The United States has asserted that it stands with India against Chinese aggression as several lawmakers slammed China for choosing a People's Liberation Army soldier.
In the midst of third wave of COVID-19, Finance Minister Nirmala Sitharaman has come up with an impactful Budget which is balanced, fiscally prudent and growth-oriented, the USA India Chamber of Commerce has said. President of the Boston-based USA India Chamber of Commerce (USAIC) Karun Rishi, however, said it is a matter of concern that the budget lacks tangible measures to increase revenue generation. "Opting to keep the fiscal deficit at 6.9 per cent and increase capital expenditure by 35 per cent is a masterstroke. "The annual budget estimates the effective capital expenditure of Rs 10.68 lakh crore in 2022-23, making up about 4.1 per cent of the GDP," he said. "A phenomenal increase in the government's capital expenditure is likely to facilitate the expenditures on infrastructure and create jobs.
The US continues to have its concerns over India purchasing the multi-billion missile defense system from Russia.
The IMF on Tuesday cut India's economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its chief economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. "If you look at the 2021-22 fiscal year, we have a slight downgrade of -0.5 percentage points and for the next fiscal year 2022-23 we have a slight upgrade of 0.5 percentage points. So, growth for the previous fiscal year is now nine per cent and for this year now is at nine per cent. We moved it up slightly," Gopinath told reporters during a news conference in Washington. In its latest update of World Economic Outlook on Tuesday, the International Monetary Fund has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of the spread of Omicron on business activity and mobility.
Asked for his reaction to the allegation of the PLA abducting Taron, the spokesperson of the Chinese foreign ministry in Beijing said, "I don't know the situation."
China's economy grew by 8.1 per cent in 2021 to about $18 trillion despite challenges, including epidemic resurgences and a complicated external environment, the government said on Monday. According to the official figures released by the National Bureau of Statistics (NBS), China's economy grew by four per cent in the fourth quarter of last year, slowing from the 4.9 per cent growth in the third quarter, rounding off the full year's growth rate to 8.1 per cent in 2021. The GDP increase is also above the six per cent target set by the government for the year.
The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.
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