Published: Thu, January 19, 2017
Economy | By Melissa Porter

Biden tells Davos: Russia is threatening the 'liberal worldwide order'

"As I re-enter private life, I want to assure you today that I will stand with you as you carry this fight forward", he said. Biden cited President Vladimir Putin by name, saying the Russian leader is undermining those values.

"The challenges we face, and the choices we must make as an worldwide community doesn't hinge exclusively on Washington's leadership", he said.

He cited a "palpable uncertainty about the state of the world", but said that while the United States plays an important role, the world's challenges do not hinge exclusively on leadership from Washington.

It's imperative that we act urgently to defend the liberal worldwide order.

He said the "top 1% is not carrying their weight". You're not bad guys.

"Simply put, Mr. Putin has a different vision of the future".

Last week, as his last major decision as US President, Barack Obama has extended the sanctions against Russian Federation for its role in the conflict in eastern Ukraine, where Moscow supports its insurgents fighting against the Ukrainian armed forces for nearly three years.

"The liberal world order with America and Europe as its core was the bedrock of success the world enjoyed", Biden said.

The outgoing vice president avoided commenting directly on the next administration, but reassured nervous European allies that - despite recent comments from President-elect Donald Trump - support for North Atlantic Treaty Organisation was a "bipartisan issue" in the U.S.

Russian President Vladimir Putin was using every tool available to undermine the European Union and sow discord among Western countries, Biden said, pointing to Moscow's military involvement in the Ukraine war, its propaganda efforts, and its alleged cyberattacks to influence the U.S. elections. "As we have seen time and again throughout history, demagogues and autocrats have emerged - seeking to capitalize on people's insecurities".

"The head of state expressed hope that the EBRD would increase financing for cooperation with Ukraine in 2017", the Ukrainian president's press service reported on Tuesday.

"Our prayer is that they will do that as well", Biden added, speaking on the first day of his two-day stop at the Davos forum.

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