President Joe Biden on Wednesday released his first national security strategy plan, which detailed how the U.S. would be "effectively competing" with China in the coming years. He also noted that "constraining a dangerous Russia" would be a top priority.

The national security strategy is a plan that every new administration is required to release. This issue was initially scheduled for last December, but the threat of a Russian invasion in Ukraine delayed its release.

Within the 48-page document, Biden delved into the power that China holds, worrying about China's moves to "layer authoritarian governance with a revisionist foreign policy."

China is "the only country with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military and technological power to advance that objective," the document reads.

Almost a year after murmurings of military action in Ukraine began, Biden expressed concern about the danger Russia posed, while acknowledging the military defeats they have taken in Ukraine.

"Russia poses an immediate threat to the free and open international system, recklessly flouting the basic laws of the international order today, as its brutal war of aggression against Ukraine has shown," Biden said in the document.

Biden added that Russia's war in Ukraine had "profoundly diminished Russia's status vis-a-vis China and other Asian powers such as India and Japan."

There has been heightened concern that Russia is capable of disrupting global markets and violence in European regions.

Biden said that the Kremlin "lacks the across-the-spectrum capabilities of the [People's Republic of China]."

Aside from naming China and Russia as the biggest foreign concerns for the U.S., Biden returned to a theme that he has often fallen back on: autocracies versus democracies.

Biden noted the importance of the U.S. partnering with allies and the private sector in order to reduce Western dependence on autocracies. The recent conflict in Ukraine has unveiled the dangers of energy and oil reliance on countries such as Russia and Saudi Arabia.