The White House said that no material progress in deescalating the tension between Russia and Ukraine after President Joe Biden held an hour-long call with Russian President Vladimir Putin. The call happened between 11:04 a.m. ET and 12:06 p.m. ET. Biden warned Putin that the United States will “respond decisively and impose swift and severe costs on Russia” if the latter chose to invade Ukraine. However, the White House said there’s no material progress made during the call between the two leaders. “There was no fundamental change in the dynamic that has been unfolding now for several weeks,” a senior administration official told reporters during a background press call after the meeting. Here is the full readout of the call released by the White House on Saturday afternoon: President Joseph R. Biden, Jr. spoke today with President Vladimir Putin of Russia about Russia’s escalating military buildup on the borders of Ukraine. …