Washington(PTI): US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russia's invasion of Ukraine.

Ukrainian Foreign Minister Dmytro Kuleba, who jointly addressed a news conference with Blinken at the Foggy Bottom headquarters of the State Department, said that the world must respond with all its economic might to punish Russia for the crimes it has already committed and ahead of the crimes it plans to commit.

Hit Russia's economy now and hit it hard, he said.

Russian President Vladimir Putin on Monday signed decrees to recognise Ukraine's regions of Donetsk and Luhansk People's Republics as independent , escalating the tension in the region and increasing fears of Moscow's invasion of Ukraine. He also ordered Russian troops into eastern Ukraine in what the Kremlin called a "peacekeeping" mission in the Moscow-backed regions.

Responding to questions, Blinken said that further renewed Russian invasion of Ukraine that has now begun means clearly that the idea of having a meeting this week with Foreign Minister Lavrov to pursue diplomacy, now rejected by Russia, does not make sense.

The two leaders were scheduled to meet in Europe on February 24.

But having said that, to the extent there is anything that we can do to avert an even worst-case scenario, an all-out assault on all of Ukraine including its capital, that would inflict horrific costs on the Ukrainian people, we will always pursue that, the secretary of state said, noting that the US and its allies remain open to diplomacy, but Moscow needs to demonstrate that it's serious.

Blinken alleged that Putin has all along planned to invade Ukraine, to control Ukraine and its people, to destroy Ukraine's democracy, which offers a stark contrast to the autocracy that he leads, to reclaim Ukraine as a part of Russia.

That's why this is the greatest threat to security in Europe since World War II. Ukraine is in danger.

President Putin is blatantly and violently breaking the laws and principles that have kept the peace across Europe and around the world for decades. Yesterday at an emergency session of the UN Security Council requested by Ukraine, the United States and many other countries condemned Russia's renewed attack on Ukraine's sovereignty and territorial integrity as a violation of international law and the United Nations Charter, Blinken said.

Ukrainian Foreign Minister Kuleba said that the entire world stands today with Ukraine.

Putin wants much more than a war-torn piece of Ukrainian land and people living there. What stops him is only our unity and resolve, and we can still stop him. Ukraine continues the engagement with the United States, EU, and NATO in diplomatic efforts to ease tensions, he said.

Kuleba called for sustained pressure on Russia.

If that involves regular issuance of executive orders or new sanctions, we will be more than happy to see that, Kuleba added.

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Washington (PTI): US President Donald Trump returned from a visit to China, describing his discussions with President Xi Jinping as a meeting of leaders of "two great countries".

Trump landed at the Joint Base Andrews in Maryland on the outskirts of the US capital on Friday evening, claiming to have struck important trade deals, including one for China's purchase of 200 aircraft from Boeing, with a promise for another 750, as well as agreements benefiting the American agriculture sector.

The US President reached here after a brief refuelling stop at Anchorage in Alaska.

“It’s the two great countries. I call it the G-2. This is the G-2. I think it’ll go down as a very important moment in history,” Trump told Fox News in an interview after meeting Xi on Thursday.

The Washington Post reported that Trump’s remarks put China on an equal footing with the US, exactly what Xi had aimed to achieve with the visit.

“Over two days of meetings here, the carefully choreographed pageantry and the reciprocal gestures of friendship and respect between the world’s two most powerful men displayed a geopolitical dynamic that the Chinese have long craved and Americans had resisted," the Post said.

Trump told Fox News that the relationship with Xi was important and suggested that China may not resort to any aggressive moves over Taiwan, at least till he is in office.

“It’s not a takeover. They just don’t want to see this place — we’ll call it a place because nobody knows how to define it — but they don’t want to see it go independent,” Trump said.

“I don’t think they’ll do anything when I’m here. When I’m not here. I think they might, to be honest with you,” Trump said.

"I want them to cool down. I want China to cool down," he said.

"We're not looking to have wars, and if you kept it the way it is, I think China's going to be OK with that," he added.

The US President said he had invited Xi for a visit to Washington in September.

“Xi has done something Chinese leaders have been working toward for decades — bringing an American president to Beijing as an undisputed peer,” said Julian Gewirtz, who served as China director on the National Security Council under President Joe Biden.

“Xi used the opulent optics of the visit to make clear to the world that China and the United States are the two dominant, equally matched superpowers. There is no going back.”

Trump’s friendly statements toward Xi and the Chinese people were being amplified in China’s state-controlled media, sending the message that “we’re getting along better with the Americans,” John Delury, a senior Fellow at the Asia Society, was quoted as saying by The New York Times.

It was understandable that Trump wanted to be polite to Xi, but that the American president’s gushing approach “weakens Trump and the US”, R. Nicholas Burns, the ambassador to China during the Biden administration, was quoted as saying in The New York Times.

“Xi did not hesitate to warn Trump over Taiwan. Trump should not hesitate to be frank about our concerns, too,” he said.

Trump and Xi are expected to meet at least three times this year.

The US President has invited Xi to the White House in September.

Trump may travel to Shenzhen in China for the Asia-Pacific Economic Cooperation meeting in November. And Xi could come to the G-20 summit in December in Miami.

“This is a summit again that was heavier on symbolism than it was on substance — focus on managing problems, not on solving the problems that exist between the US and China,” said Rush Doshi, former National Security Council deputy senior director for China and Taiwan in the Biden administration.

“The way that both leaders talked about the future indicates that this is going to be part of a process that will play out this year,” said Kurt Campbell, former deputy secretary of State in the Biden administration.