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World Business Report: First broadcast 07/12/2021 22:32 GMT : Biden and Putin hold virtual summit

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First broadcast 07/12/2021 22:32 GMT 

First broadcast 07/12/2021 22:32 GMT : Biden and Putin hold virtual summit

Biden and Putin hold virtual summit

BBC World Service - World Business Report, Biden and Putin hold virtual summit

The US and Russian leaders discuss Ukraine and possible new Western sanctions

The US and Russian leaders discuss Ukraine and possible new Western sanctions.

In a virtual summit, US President Joe Biden voiced deep concern over Russia's build-up of forces near Ukraine, while his Russian counterpart Vladimir Putin demanded legally-binding security guarantees that would rule out Ukraine ever joining the NATO military alliance. Edward Fishman from the Atlantic Council's Eurasia Center in Washington explains what kind of economic sanctions the US has at its disposal to deter Russia.  Also in the programme, Beijing has lifted a four-day block on Lithuanian exports crossing into China. At issue was Lithuania hosting a modest Taiwanese diplomatic presence in Vilnius. Finbarr Bermingham is the Europe correspondent for the South China Morning Post and explains the background.  Plus, one trend that has emerged during the coronavirus pandemic has been a plethora of services promising to deliver goods locally in a matter of minutes. The BBC's Victoria Craig reports on the growing sector, and asks whether it is here to stay.

(Image: Vladimir Putin speaks to Joe Biden via video link. Credit: Mikhail Metzel/Getty Images)

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First broadcast 07/12/2021 22:32 GMT : Biden and Putin hold virtual summit

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