U.S. President Joe Biden will warn Russian President Vladimir Putin of severe economic consequences should Russia go ahead with an invasion of Ukraine, a senior U.S. administration official said on Monday.

Biden and Putin are to hold a video call on Tuesday as the United States tries to head off Russia from launching military action against Ukraine after Moscow massed tens of thousands of troops on the Ukraine border.

Biden spoke to the leaders of France, Germany, Italy and Britain ahead of the call on Monday, discussing their "shared concern about the Russian military build-up on Ukraine's borders and Russia's increasingly harsh rhetoric." They also called on Russia to de-escalate tensions. The official, in a briefing reporters, said the United States has been working with European allies about a strong response should an invasion go forward. He added that the United States and Europe would impose severe economic pain.