The US president also urged his Russian counterpart to de-escalate tensions on Ukraine’s border – which has been inundated with an estimated 83,000 Red Army troops, tanks and heavy weapons in recent weeks.
Mr Biden requested a peace summit to thrash out a deal which satisfied both parties in a phone call with Mr Putin earlier today.
The summit would take place in a third country in the coming months and deal with a range of issues between the two countries.
In a statement, the White House said: “President Joseph Biden spoke today with President Vladimir Putin of Russia.
“They discussed a number of regional and global issues, including the intent of the United States and Russia to pursue a strategic stability dialogue on a range of arms control and emerging security issues, building on the extension of the New START Treaty.
“President Biden also made clear that the United States will act firmly in defense of its national interests in response to Russia’s actions, such as cyber intrusions and election interference.
“President Biden emphasised the United States’ unwavering commitment to Ukraine’s sovereignty and territorial integrity.
“The president voiced our concerns over the sudden Russian military build-up in occupied Crimea and on Ukraine’s borders, and called on Russia to de-escalate tensions.
“President Biden reaffirmed his goal of building a stable and predictable relationship with Russia consistent with US interests, and proposed a summit meeting in a third country in the coming months to discuss the full range of issues facing the United States and Russia.”
The call came as violations of a 2015 peace-deal between Ukraine and Russian-backed separatists in the country’s east have intensified over recent days.
This has combined with a huge build up of military hardware on the country’s eastern border, the largest since a full-blown war erupted in 2014.
These recent provocations came after Ukrainina president Volodymyr Zelenskyy publicly declared his desire for his country to join NATO.
Russia sees a former Soviet Union state joining the American-dominated alliance as a direct threat to its influence.
The news has enraged Kremlin officials, leading many observers to claim this is the reason behind the increasing violence.