Speaking at the Office of the Director of National Intelligence, Joe Biden noted that Russia "clearly violates our [U.S.] sovereignty."
The president also had an ominous prediction about the escalating cyberattacks targeting the United States that his administration has blamed on state-backed hackers in China and those operating with impunity in Russia.
Biden said he believes it is growing more likely the United States could "end up in a real shooting war with a major power," as the consequence of a cyber breach.
Such cyber capabilities of U.S. adversaries are "increasing exponentially," according to the president.
Putin has "nuclear weapons, oil wells and nothing else," Biden said, adding that the Russian leader knows he is in real trouble economically, "which makes him even more dangerous."
Biden referred to both Russia and China as "possibly mortal competitors down the road."
As it was reported earlier, on June 16, Biden and Putin met in Geneva. During the summit, Biden gave Putin a list of critical infrastructure that the United States considers unacceptable to attack.