British Prime Minister Boris Johnson and US President Joe Biden agreed in a call Monday that a "crucial window for diplomacy" remained over the crisis in Ukraine, Johnson's office said.
"They agreed there remained a crucial window for diplomacy and for Russia to step back from its threats towards Ukraine," a Downing Street spokesman added of the call between the transatlantic allies.
"The leaders emphasised that any further incursion into Ukraine would result in a protracted crisis for Russia, with far reaching damage for both Russia and the world."
The two leaders also stressed that diplomatic discussions with Russia remained "the first priority", and welcomed talks that have already taken place between Russia and NATO allies, according to the spokesman.
"They agreed that Western allies must remain united in the face of Russian threats, including imposing a significant package of sanctions should Russian aggression escalate," he added.
"They also reiterated the need for European countries to reduce their dependence on Russian gas, a move which, more than any other, would strike at the heart of Russia's strategic interests."
The discussion, the latest among world leaders focused on the crisis in Ukraine, comes after US intelligence officials warned an invasion by Moscow into its western neighbour could be days away.
Russia has massed more than 100,000 troops nears its Ukrainian border and in neighbouring Belarus, where they have been doing joint exercises.
Earlier Monday, Johnson urged Russian President Vladimir Putin to step back from "the edge of a precipice", calling the situation "very, very dangerous" while talking to reporters on a visit to Scotland.
The British leader said he had no plans to visit Moscow, but that he would be discussing the crisis with "various leaders" soon.
Meanwhile in London, Foreign Secretary Liz Truss later chaired a meeting of the government's emergency "COBR" committee, to discuss British nationals who may end up stuck in Ukraine in the event of hostilities.
The government is urging all Britons to leave the country by commercial flights, but says it is maintaining a "core" diplomatic presence in Kyiv.
"We are doing everything possible to prevent a Russian invasion in Ukraine, while also preparing for the worst," Truss tweeted after the meeting.
The prime minister was also to receive a security briefing from intelligence chiefs.
On Tuesday, he will chair a full meeting of the Civil Contingencies Committee that is convened to handle matters of national emergency or major disruption to discuss the UK's overall response, Downing Street said.
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