The U.S. and all NATO member states will support Ukraine as long as necessary, U.S. President Joe Biden said.

"We will support Ukraine as long as necessary. Look at how the war in Ukraine is affecting Russia: they came close to defaulting for the first time in almost 100 years, they lost a significant part of their economy, restrictions on their technology purchases, particularly American ones, created the problem of keeping oil production at the same level, the same situation with armaments. Russia is paying a high price. All the allies will support Ukraine as long as it is necessary so that Ukraine could defend itself," he said during a press conference at the end of the Alliance's summit in Madrid.

The U.S. president stressed that Ukraine "has already dealt a blow to Russia, the latter has lost its position."

"The whole world is looking at the fact that you lost. You could not capture Kiev, Donbass, and you cannot do it. The Ukrainians are bravely resisting Russian aggression. I don't know how it will all end, but this is already Russia's defeat in Ukraine," Biden noted.

Commenting on the situation with rising fuel prices in the U.S., the White House chief said:

"We need to think about reducing the amount of money that the world is willing to pay the Russian Federation for oil, not allowing insurance for ships with Russian oil. Then they will have a big problem getting new customers. Our experts should develop a mechanism to reduce oil and gasoline prices. We have opened a strategic reserve and asked Congress to temporarily remove the gasoline tax. When this is done, the price of gasoline will decrease by $1. Why have gasoline prices gone up? Because of Russia. Why was there a food crisis? Because of Russia."