President Joe Biden said Russian President Vladimir Putin “will pay a price” for his attempts to undermine the U.S. 2020 presidential election after a new intelligence briefing cited Russian president for significant misbehavior.

“We had a long talk, he and I,” Biden said about Putin, “and relatively well. And the conversation started – ‘I know you and you know me. If I establish this occurred, be prepared.'”

“The price he’s going to pay, well, you’ll see shortly,” Biden added. “There are places where it’s in our mutual interest to work together. That’s why I renewed the S.T.A.R.T. agreement with him. That occurred while he’s doing this, but that’s overwhelmingly in the interest of humanity that we diminish the prospect of a nuclear exchange.”

Biden and his administration already placed new sanctions on Russia after intelligence reports confirmed the Russian government and Putin oversaw the attempted assassination of opposition leader Alexei Navalny. The Office of the Director of National Intelligence released a statement Tuesday agreeing with Biden saying that Putin’s efforts “denigrating President Biden’s candidacy and the Democratic Party, supporting former President Trump, undermining public confidence in the electoral process, and exacerbating sociopolitical divisions in the U.S.”

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