About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Biden Agrees With Putin That U.S.-Russia Relations Are at a “Low Point”” – below is their description.
Biden agrees with Putin that U.S.-Russia relations are at a “low point” and says the best way to deal with it is for the two of them to meet.
President Joe Biden’s meeting with Vladimir Putin won’t be a “light-switch moment” but the start of a longer process aimed at establishing a more stable relationship, said Secretary of State Antony Blinken.
Biden believes there are areas where the U.S. and Russia can co-operate, Blinken said on CBS’s “Face the Nation,” one of four scheduled talk-show appearances on Sunday.
But the U.S. president will have to respond if Putin continues malign activity such as the poisoning of opposition leader Alexey Navalny, cyber attacks, and turning a blind eye to groups that deploy ransomware against U.S. companies, Blinken said.
“This is not a light switch moment,” Blinken said of Biden’s meeting with Putin in Geneva, set for Wednesday. He added that Biden would tell Putin “we seek a more predictable, stable relationship and if we’re able to see that there are areas where it’s in our mutual interest to co-operate.”
“This is the beginning of testing that proposition, and Russia will decide by his actions which direction it wants to go in,” Blinken said from Brussels. “We’ll see that play out in the months ahead.”
Blinken said no responsible country should harbor criminals engaged in cyber-attacks, and that he expects Biden will raise the issue with Putin. ”That’s very much on the agenda,” he said on “Fox News Sunday.”
Biden was wrapping up a Group of Seven summit in England on Sunday before joining Blinken in Brussels for a meeting with other members of the NATO alliance. Biden said at a news conference on Sunday he agrees with Putin’s assessment that U.S.-Russian relations are “at a low point.”
Representative Michael McCaul, the senior Republican on the House Foreign Affairs Committee, said the Biden administration has weakened its position toward Putin by “giving him a lot of stuff.”
That includes the administration’s decision to refrain from sanctions related to the Nord Stream 2 natural-gas pipeline to Germany, as well as not cracking down on Russia after the SolarWinds and Colonial Pipeline hacks, McCaul said on ABC’s “This Week.”
“The price for admission, the ticket for this seat, was way too high,” the Texas Republican said. “It is time to start hitting back.”Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Germany
Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.
5 Recent Items: Germany
In This Story: Putin
Vladimir Vladimirovich Putin is a Russian politician and a former officer of the KGB who has served as President of Russia since 2012, previously holding the position from 1999 until 2008. He was also the Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.
5 Recent Items: Putin
In This Story: Russia
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
3 Recent Items: Russia
In This Story: Vladimir Putin
Vladimir Putin is a Russian politician and a former intelligence officer who has served as President of Russia since 2012, previously being in the office from 1999 until 2008. He was also Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.