on russia. so why should you read this one? well this book departs from existing works on russia. i think in three ways the first departure is that i critique to the most common narratives on russia and i'll call them the putinology explanation and the exceptional russia explanation and our caricature them here just in the interest of time a little bit, but there is, you know, quite a bit of truth in these in these two views. so, let me just illustrate these two views with an explanation of the arrest of mikhail haderkovsky in the expropriation of the largest oil company in russia in 2003. so some emphasize the personal role of putin. it's next kgb man with little interest in markets who sees as you coast in order to reward his concern his cronies and consolidate power and this putinology view says that we should view russian politics largely as a reflection of putin's kgb background in his seeming omnipotence. russia is the way it is because that's the way putin is others attribute the takeover

propose several times a resolution to this problem in a way, russia, russia, unfortunately, we have heard that it's not going to happen. then we've heard all the language. so i think it was predictable that sooner or later it's going to happen like this. i have a question of many of my gas and i want to run by you as well. do you think both my brains and this with your crane was militarized recently as well as with which ukraine openly pursued and to russian policy and policies and politics? do you think it was in fact, based on the calculation that no matter what russia may rumble as much as that one, but he would never average use military force against your brain for a whole host of strategic cultural, emotional, psychological, as well as kinship. read them. now i guess it was keeping in mind that ukraine is going to be the one to start regression, another one against done, but people living down the street and maybe a against russia as well. so target was that we should try ukraine and the main i'd say target number one would be to bring russia into this conflict and make this c

russia would have been difficult to deal with no matter what happened. russia, is after all russia. i think it can confidently be said that dealing with russia and dealing with the problems that arose would have been easier with out this arbitrary exclusion. it is conceivable, although we cannot rerun history so we can never know, that some of those problems would not have arisen. i want to make one more point in response to your question. any one who was involved in the debate in the 1990's understood that the unstated premise of the clinton administration's policy of nato expansion sometime was not even fully unstated. was that russia was weak and could not do anything about it with the implication that russia would always be weak and would have to accept whatever we did. a phrase for the time that has stuck in my mind ever sense. russians need to learn to eat their spinach. they did not learn and here we are. james: can i come in on this issue? mary: please, came early is chomping at the bit as well. james: i think it is important for this council on foreign relations events to s

the end of russia's aggression. the same tough conditions apply if the president seeks to end the energy import ban, and i plan to work with colleagues in the senate to achieve that. going forward, we must continue to work closely with ouralize -- our allies to increase pressure on russia and ensure this is an effective global effort. neighboring canada has also taken serious action to do both of these and other nations have announced their intentions to do the same. unfortunately, the administration's executive orders and the bill we're voting on today both fail to soften the im impact of the oil ban by replacing russian oil with made in america energy. we've seen the highest year over year of wholesale prices ever recorded. nearly half the price comes with the rise of gasoline in the past year. nothing in this bill creates access to more american made energy on or offshore. nor, does it approve american pipelines that could easily replace russian oil with u.s. and canadian energy. or help the world wean themselves

goods exported or russia in 2020. but it's not just about the economic impact. it's also a question of the overall gravity. the u. s. has is, indicates the rules for both policy and condemnation. in fact, just last week, the u. s. declared a genocide of the people in medium are a key member of the southeast asian alliance with some even calling for military intervention. the u. s. government should couple. it's condemnations of mine. mars military with action for too long. the u. s. and other countries have allowed my mars generals to commit atrocities with few real consequences. variables of intention to cambodia, which is the chair of the alliance after the u. s. and alton arms embargo back in december, claiming it was concerned about the influence of china's military. we urge the cambodian government to make meaningful progress and addressing corruption and human rights abuses and to work to reduce the influence of the p. r. c. military and cambodia, which threatens regional and global security. so washington is se

russia. natural gas supplies, as e leaders refuse to meet moscow's demand or imports of the commodity to be paid for in rubles, instead of euro's and dollars and russian president vladimir putin, bans purchases of foreign software for critical infrastructure projects, saying it's to protect the country from potential cyber attacks and adverse effects of western sanctions with a debate on a no confidence vote due to start on thursday pakistan's prime minister claims the political turmoil is being orchestrated by the west, specifically the u. s. and he says that he has proof of clear reports that is trans prime minister faces a vote of no confidence after crucial ally switched to the opposition and tens of thousands of protesters took to the streets amid accusations that the government is myth, managing the economy that among con, has lash back saying its foreign hands that are behind the conspiracy to topple him . i think some of the stooges who live in this country, but being used by foreign

some of his top customers are in russia. the sanctions resulting from russia's invasion of ukraine are now complicating business of america. and what we're currently preparing a contract were several 1000000 euros over the next 2 years. and if the contract can't be fulfilled in its current form resolved, we will of course, need to look for alternative customers who felt that will take time work on this when it was a good currently doing cut and working hours. and in the worst case scenario to layoffs of i feel didn't advise on flips. if i said buffer in the eastern germans city of cabinets, formerly com, march dot many companies have long standing business ties with russia, dating back to the days of communist east germany. at the regents chamber of industry and commerce, we speak to foreign trade expert christoph know that he believes the sanctions imposed after russia's annexation of crimea in 2014 cost this region, hundreds of millions of euros in sales. now he says, this new war could also stop trade with many former sov

business, russia, and economy at war. the international response to the russian aggression has been swift and concerted as of a broadcast sanctions include russia's exclusion from the international payment messaging service. notice swift restrictions on russian banks asset freezes, and travel bands as well as bard access to high tech. the full extent of the damage rushes war cannot yet be known, but western powers are hoping, inflicting economic pain will push president putin to reverse his course economy sanctions and nothing new for russia. and yet, most people here have no idea how big an impact the latest financial sanctions will have on their lives and their families. the one, it's unclear. yup. and i can't even say much about it. most people are camped anymore spectrum circle her new pretty morning. was just a yuk of to like a 1000 months of business as a business man. i am looking at the factory years. i will likely have to work more for about what can you do? we'll have to live with this and just hang in there it

russia. but among khan is remaining fern, and is called out washington's bullying insisting pakistan's position over the ukraine. russia war is neutral and that there is a foreign conspiracy against him. jessica, we have evidence, and i am disclosing this matter. this is the evidence of how we were threatened. i trust you, but i can't tell you all the details because i always try to protect the interests of my country. in the most weak pressure has power on him on con, and the country has suffered a series of anti government protests. the opposition says his claims of a global plot are more than absurd. if there is an international conspiracy against pakistan, then m ran con, is part of that m round con. your party members left you right under your nose. do you think that was done by joe biden? tell me my brother's was that done by joe biden. now it is time to say good bye to him ran con, are you ready for that? on the corner, chooses the opposition of enjoying wisdom for an aid, and in retur

russia is the aggressor. and despite russia's best efforts the media and -- documented as truth on the ground. russia can't open the front page of the near times which features the bodies of ukrainian mother and her two children who died while trying to cross a bridge outside of kyiv in their attempt to flee to safety. russia cannot cover up the work of abc news reporters he captured a doctor attempting to resuscitate an 18-month-old who died from russian shelling in mariupol. russia cannot suppress the social media post confirmed and amplified by cbs news that told the story of the 11-year-old ukrainian boy who fled to slovakia by himself with only a plastic bag and a phone number scrawled on his hands. russia cannot silence the al-jazeera reporter: russian soldiers terrorizing ukrainian cities and ukrainian journalists are risking their lives every day to deliver to the world the latest on the ground facts such as reporting on the reckless behavior of russian forces towards ukraine's nuclear facilities. rus

so russia count for china accounts for an important part of russia trade. and the question is whether china is willing to sacrifice everything else. because china is more important to russia than the other way around. russia accounts only 435 percent or chinese trade. so now with the situation that were being seen, any support from chinese, from the chinese state or chinese companies might be seen very negative from the rest of the world, especially from the u. s. the european union in the united kingdom. if we see also the dynamics, i was going, some of the chinese companies have already discontinued their positions, russia because they don't want to incur into a war. they have become within became to be known as secondary sanctions from the united states. so long story short, it is possible that china can provide some support. busy to rush in the stage, but it, the needs would be a very risky move from, from china as a state, but also from each individual company that engage with the, with rush at the moment. all right, thanks so much for your analysis. b

and russia will accommodate that. all right, just sending back then to to tom burgess, who is on what's probably going to be the last word on this coming back to the, to the all the galks. is there a kind of, if you look at the optics of this, is there a sort of messaging problem that the west has with with ukrainians in the, you know, what's, what's going off there? a few russian billionaires going to do for the millions of ukrainians who are suffering right now that, that you know, that they've got enough money to whether they so what kind of, i mean if you think you think there's, there's a messaging issue there in terms of showing ukraine that the west is fully behind them. yeah, actually, i think it goes much further than that. i think can you read the, the, the statement that the u. k. in other western governments have made to accompany the sanctions decision to justify why eagle set, you know, on a data pasco, and you room and remove it. so whoever is going on this list and who's very little information as far

yes, but so far _ work in russia currently. yes, but so far these _ work in russia currently. yes, but so far these are _ work in russia currently. yes, but so far these are probablyl but so far these are probably minor inconveniences they are facing. with inflation likely to surge in russia, much more than anywhere else in the world, almost anywhere else, then the russians will feel the pain. with the central bank tries to go against that by printing the rouble to give to people so they have more money to afford the higher prices, the only thing that would happen then is even more inflation and misery for russia. significant shock, especially for those russians on lower incomes quite the question is, will it change the strategy in the kremlin? very open question which only putin can answer, probably. he seems to be removed from reality on many counts. probably the war he has started will not affect very much his immediate calculus but will likely affect the calculus of the people around him, the russian elite, as to their medium—term future and their outlook beyond the next

with russia. the sanctions, punitive to russia alone or the rest of the world is also going to be affected by that move. first of all and some of those when it comes to the metals, we've seen that those also have car, val, to believe both steel and aluminum. have carved out so they're not directly affected by sanctions. however, we've seen that even when something has a carve out like some russian oil, for example, that companies may still shy away from it. and so boeing, for example, has a joint venture with a russian entity for titanium, which is very important for the aerospace industry. it's very unclear what's gonna happen with that. are the payment systems there for it to continue to operate with a can it bypass public pressure if there is any for it not to sort of pursue those avenues? you know, when it comes to other things, like airlines, for example, there is a big effect. we heard tons of c o saying the other day that it's going to cost is company millions because of air space because o

cars to russia. b w blames the current crisis and uncertainty for the export stop. the move brings v w in line with other carmakers like b, m, w, and mercedes benz leading us carmakers, general motors and ford of also cut off exports to russia. ah, since russia invaded ukraine, oil prices have been searching, leading industrial nations now want to tap their oil reserves to mitigate the situation for consumers and companies. the international energy agency wants to release 60000000 barrels of crude oil reserves. that's about 4 percent of all, emergency reserves, one and a half 1000000000 barrels. meanwhile, western oil companies continue to scale down their operations in russia. b, p. the biggest foreign investor in russia said it's abandoning it's 20 percent stake and state oil company ross enough at a cost of up to $25000000000.00. also oil change so now says it's ending its cooperation with gas prom and key oil and gas projects. italy's any is joining so and b p traditionally neutral switzerland. w

that's certainly the case that russia is trying to advance, and russia has sounded deep displeasure with native moving formerly in formerly towards the borders for quite some time, including when you were in office. you visited me as president trump national security advisor. you shook hands with why did we put in? i remember, i think it was in summer, 2018. you even talked about the value of communication between leaders in the most difficult of times. in all fairness, didn't the crumbling use all the diplomatic means at its disposal to limit the welcome and i would say malicious us presence close to russian borders. there's simply no truth to what you're saying. nato didn't move toward rushes borders just just for, for the benefit of people in russia who may not hear this. it was the nations on eastern central europe once the warsaw pact broke up. after decades of repression by the soviet union, that came to nato and requested membership so that they could create their own free governments and societies and so that they could have peace and security against external threats. nato didn'

the russian foreign minister said that not only would russia not attack another country, but that russia had not actually attacked ukraine. that would be news to people ukraine. they said the war is not a war. they said the reason by they had to go to war in ukraine is because it is run by drug addicted nazis and they needed to de-nazify the country. we are seeing a strong attempt to mask and even denied the cause of the war that putin has unleashed in ukraine. what you see on the american side is a free-for-all that allows for the kind of exchange of ideas we are having right now. the difference is about as stark as one might get. host: republican line, scott, tampa, florida. caller: good morning. host: you are on with our guest. go ahead. caller: i could not hear you. my question is, where does the u.n. fit in this picture? with all the talk that is cheap, where does the u.n. -- how can they not put in u.n. peacekeeping forces in parts of the ukraine? host: scott in tampa, florida. guest: the u.n. has a role in passing resolutions and taking action if they can be passed at the -- russi

it has hurt russia's economy and russia's currency, the ruble in the short term. but really in the long run, it's only going to end up to backfire against the u. s. d. when you start to kick people out as a loaded economic warfare. when, for example, we've been as wailer with iran and now with russia. all that's going to do in the long run is make, in this case the u. s. the less valuable on the international market and eventually come back and hurt the american consumer. if anybody is doing something to undermine the world, economic stability is going to be the us and nato by forcing countries into economic sanctions and putting them under the boot of economic warfare of imperialism. that's what undermines the stability of the world economy. this idea that china is the one moving to undermine stability as fall it's nonsense in the u . s. who's doing that? trying to once win win cooperation. america one. when all economic policy the scottish government meantime has been left in a flutter over its national flag. that's because, as you can see here, the scottish one

tv channels here don't call what russia is doing in what russia's doing in ukraine a war. they say it's a special military operation. but critical voices have been creeping in. on a popular talk show, this film director says he can't imagine russia taking cities like kyiv and warns that close allies like china and india might distance themselves from russia. but this is more than just criticism. it's a direct challenge. one woman taking on the kremlin. quite extraordinary. i have never seen anything like that here. what it shows is is that despite the control of the media, the kremlin is still struggling to persuade some people that what they are doing is right. she has reportedly been detained by police and the tv channel has launched an internal investigation. 0ur russia editor, steve rosenberg, in yuroslav, russia. you're watching newsday on the bbc. still to come on the programme — we report on the impact the war is having on global energy supplies. the uk government has announced that all covid travel restrictions for people entering the uk are to be dropped. after

how does russia view this? >> today there is ongoing debate in the world about if russia should participate. i think this is just one example of russia being expelled from very similar organizations that used to be g8. it's not really an organization, it's just the gathering of countries which share the same ideas. >> in this case, how does russia view the possible barring? >> they said the same when they were excluded from the g8 in 2014 and it repeats actually the same narrative currently saying that g20 is not an official membership status the membership organization with membership status the membership tickets are not handed over to any country so china cannot be officially banned from the event. -- russia cannot officially be banned from the event. >> let me bring in thomas from jakarta. so does this put indonesia 6:02 -- in a tough spot because they are the host? it is one thing to say how you respond to the invasion of ukraine but this is also a significant event for the president himself who wants to r

so this doesn't compel russia to do anything. but this is the 1st time that there's been a sort of litmus test of international opinion about what's happening here. now as i just mentioned, there was a vote in the un security council just a few days ago, but that only has 50 members. but what's interesting also is to look at some particular countries and to see which way they voted, because there are some surprises in there. and for instance, in the un security council, the other day, united arab emirates was one of 3 countries that abstained. so not voting with russia, but they sat on the fence. well, this time the united arab emirates voted against russia. also, interesting. cuba abstained in this vote. now just a few weeks ago, the russians in the kind of, in the, in the run up to this invasion, the russians even held up the prospect of potentially a positioning weapons in cuba and venezuela. as a sort of as a sort of retaliation to what they see as america encroaching on on their sphere of influence in eastern europe. well, c

and they found those out, and they reported them specifically from russia in russia. and that's how twitter and facebook, they work backwards from that in a lot of cases. to find flags internally in their systems. to see what was coming from that building at st. petersburg. but now, those places are shut down, they're gone. places like tv rain, they're not allowed to broadcast. the truth anymore. you can say the word war right now, when you're referring to which russia is doing in ukraine. it's only a special operation in ukraine. so they had problems for year coming through our social media networks. for example, facebook. now, you can't use facebook and russia anymore, it's banned. look, this was a place that had access to some pre-press. now they have access to no free press. i'm sure it will be a little jarring for people, even if they generally believe in what the government is putting out. >> bobby, putin reportedly planned on capturing ukraine in just a couple of days. at least, that was the assessment made by some in the west. his strategy seems to be untether

any of the steps we've taken as it relates to russia and the actions of russia and holding president putin accountable is to take every step to the maximum impact that will impact president putin, the russian economy. we are looking at options, we can take right now to cut us consumption of russian energy. but we are very focused on minimizing the impact to families. if you reduce supply in the global market place, you are going to rise, raise gas prices, you're going to right ride the raise, the price of oil. and that is something the president is very mindful of. and focused on washington. got plenty of strong words for russia, but as the recoil from western sanctions causes more and more collateral damage. it may be only a matter of time until bided. we'll need to play nice area. we spoke to daniel shaw a university of new york professor of latin american studies, who stays the political elite in washington has dug themselves into an energy crisis. republicans and the democrats are blaming one another. it's a full informational war, a media war against russia. no matter what presi

and consumer goods to russia. last year, exports increased by about a 3rd. russia is an important partner for china. but just one of many. china has strategic partnerships with many countries and doesn't want to jeopardize it's close ties with the west. the real chinese ambition and the shipping is global is not regional. and they have full shipping. does not want a returned to the coal, with the world being bifurcated into 2 rocks, china and russia on the one side and bench, the american mesh west being on the other side. china wanted to be a globalized well, in which china is that tall, tall ah, china really wants one thing to trade with as many countries as possible. and conflict and war definitely stand in the way of that global. he can amik interest and a speaking of balancing acts, switzerland has long been proud of its political neutrality, which helped its economy prosper, even when war raged outside its borders. but am, if the outcry over russia's aggression, switzerland has joined the west and sanctions

, for example, that ukraine acknowledged crimea the antics crimea, as part of russia. russia was also suggesting that ukraine should acknowledge those so called people's republics in easton, ukraine, or don s can hans because independent states. so we don't hear such demands anymore . and we can assume that maybe russia has drugged them. what you've heard, for example, from the russian representative of the u. n. r. the key 3 demands that russia is still sticking to, and those are that ukraine should be d. c. k did. this is how russia would say, probably meaning that there are some, some extreme is in power in ukraine, which is of course, not the case. russia also insists on the demilitarize in ukraine. and this is what we see from the very beginning, russian army striking military objects, ukraine, but not only admitted to the objects, of course. and russia also wants ukraine to put into its constitution to write down the pass session, that it will not be part of nato. and this is what we've heard from the president that maybe ukraine is no more pursuing that goal. but she didn't say

and as you know, they, they adopt every now in the resolutions condemning russia threatening russia. and i believe he, he, he is counting on them pushing the president and the direction of more confrontational approach. we clearly said that any, any cargo moving into your grand in theory 30, which we would believe is carrying weapons would be a fair game. and i mean this, this is clear because we are implementing the duration, the goal of which is to remove any threat to the russian federation coming from the ukranian soil. and this was part of our proposal in december last year when they suggested that we negotiate was native security guarantees the way which would be quantifying the all agreement reaches that the highest level that no one nor country should increase of security at the expense of the security of others, so they know what that is all about. number 2, they also speak about about the missile defense. and for obvious reasons, for pragmatic reasons. they think of asking nato members who possess a soviet defense systems. to show this with them, i would like to remind the

what about russia's tactics in this war? you've told us time and again about the psychological aspect of this invasion. and every day we hear about civilian buildings coming under attack. exactly 4 weeks into this for a lot of operations that russia cause a military operation of this full scale invasion have sold actually they couldn't really capture any major city during the 4 weeks. but of course, unfortunately i was certain towels like, muddy ball are reduced to rubble. and also yesterday, just yesterday, a shopping center or rather sunday evening was destroyed and keep on the residential neighborhoods. also in many parts of ukraine, including keith including have so and including other parts, which clearly tells you maybe that the entire strategy to take over ukraine is stalling because it didn't happen overnight. what lot of people expected from russia, because they were having so many troops across every ipod to the north, to the cells and the eastern region of ukraine. but it does mean unfortunately that this was not

to deescalate, with russia. i think a relationship with russia is still possible. i've been saying that for years i still believe that. and i agree. it may be some time before that is possible, but i think we have to work for that. and that's what i'm going to work for yet. bella, there are too many people, not making money off of war and armaments. and this ideal is neil liberal ideology that is so in tolerance, i don't see it happening. i'm a pessimist, maybe i'll be proven wrong. it's all the time. i want to thank my guests and watch it in charlottesville and in pittsburgh. and thanks to our viewers for watching us here in our dcea next time. remember crosstalk rules i really oh, is your media a reflection of reality? in a world transformed what will make you feel safe? isolation for community. are you going the right way, or are you being led somewhere? direct. what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. i do recall with, with you or is with you. i'm with a wrong one. i just don't h

it's russia who cares. but is it possible these same techniques might be used some day again, someplace or somebody that you care about. one of one morning you woke up and they decide that you're vladimir putin and you must be erased. and the anti russian rhetoric has seeped into international events as well as to piano competitions have banned to russian musicians amid an ongoing cultural backlash over the war. in ukraine, or to show davinsky reports. this is a war against russia. we are told, this is a war against puting. we will hold the kremlin accountable. the 25th decent were adding president prudent and foreign secretarial of raft to the list of sanctions. they are responsible for the deaths of innocent people in ukraine, in alignment with the decision by our european allies. the united states will join them in sanctioning president putin, despite thought the west acts continues to fall on every day. russian citizens. whether that be the direct consequences of sanctions or measures that have been tak

s. against its own ally, russia. this is a ridiculous policy and of course china is not going to ally with the country that is antagonizing that, that is accusing it ridiculously of, of genocide and others to pose a crime. so the reality is that the white house acts as though every other country in the world is just going to abandon its foreign policy and go along with whatever washington wants when it's convenient. but know, china and russia have a strategic partnership. and yes, it doesn't mean that china always 100 percent agree with russian everything. but they understand that they have a mutual adversary, which is the united states and china has repeatedly throughout, not not just this conflict over ukraine, but for many years now has called for abandoning the cold war mentality. constantly . we hear from the chinese foreign minister when ye and other top diplomats, they constantly repeat that phrase, abandon the cold war mentality. but unfortunately what we see from washington and also brussels is they keep pus

want to be a russian and if you want to be friendly with russia, go to russia. you said this just a few months ago. so coming back to sentence sanctions, we will survive the measures reach the president and the government are developing, liberating and being announced. this is only the beginning of our economy to adjusting that together, just adjusted to the new situation after 2014. as i started to say that we did gain experience to rely upon ourselves. and the, the biggest lesson from this particular historic period is unlike what we saw after 2015 that now if there was any illusion that we can one day rely on now less than badness. this illusion is no longer there. we will have to rely, oh no, now a sales and are now lice. who would stay with us? this is the, the, the main conclusion for the russia in the context of for jo, politics. i think it's safe to say that russian culture specifically has become accustomed to being part of you might say, a global village of countries that share deep economic ties and enjoy traveling between each other. how do you think

ukraine rejects russia's proposal for civilian escape routes leading to russia and bellows. ukraine says a people were killed fleeing the town of urban on a supposed that humanitarian port or president vladimir zalinski accuses russia of murdering civilians. also coming up as russia continues, bombing ukrainian cities. keith asked us top court to order a halt to the invasion. russia as a no show at the hearing. also thousands of anti war protesters arrested in russia . police warning anybody organizing were attending a demonstration will face charges. ah. hi everyone, i'm layla. iraq. thanks so much for joining us. ukraine has rejected a russian proposal to create humanitarian corridors, to enable civilians to escape cities under attack. all but 2 of the plant corridors would lead to russia or its ally bellow roost ukraine government spokesperson called the proposal immoral and accused russia of shelling civilians. during previous c spires, overnights russian forces stepped up or bombardment of several cities across the country. according to ukrainian officials, there were reports of hea

russia is the main aggressor. i thank you. >> i thank the representative from denmark. >> i now give the floor to the distinguished representative from france. >> mr. president, russia is continuing its work of discretion -- destruction in ukraine. on top of these brutal acts, we see a dangerous rhetoric which is further stoking tension. russia is conducted this aggression in violation of the most basic principles of the united nations charter. members of this assembly have the obligation to respect the spirit -- respect the u.n. charter. the general assembly today has a historic responsibility of relaying lovely the voice of citizens who, across all continents, are asking for the immediate cessation of this war and for the withdrawal of the russian army from ukraine. france supports to prepare a resolution demanding that russia put an end to its aggression and respect sovereignty and territorial integrity of ukraine. we call for all members of the assembly to vote in favor. it is an issue of defending a chapter a

the day russia invaded ukraine, $1.00 was worth $84.00 roubles. on march 23rd, $1.00 was worth around $97.00 roubles. today, russian businesses are isolated due to western sanctions. most banks are blocked from swift, international payment system. and russia central bank cannot access around half of its foreign reserves. several multi nationals have also decided to quit the market as part of a boycott, making it even less attractive to do business in russia. now let's spring and timothy ash, he's a senior sovereign strategist for emerging markets at blue bay asset management. and thanks so much for joining us. so we did see russian at the right russian benchmark index rise to day. what do you make of that was pretty artificial. firstly, short selling of stock is not allowed this re limited section of stock, sir, for a for sale, or can you come trade for it? they'll have to trade them at the russian sovereign wealth fund. as basic, put is put aside $10000000000.00 to buy stock. so this is really been artificially maintained because russia wants to

assets and economic sanctions are hitting russia hard. they're also affecting companies that exported to russia. we find out how one small german firm is adapting. welcome to the show. i'm so busy in berlin. good to have you with us. germany has decided in principle to buy f 35 fighter jets from the us. that's according to new reports, citing government sources. berlin plans to drastically beef up military spending. as a result of the russian invasion of ukraine. it's not alone. denmark and sweden say they're also raising their military spending over the coming years. now, traditionally, larger nations have spent moral defense in 2020 the u. s. with a whopping $77080000000000.00 budgeted for defense. china only $200.00. $52000000000.00 on its military, but that still georgia, germany with $53000000000.00 euros or dollars. i should say. that year russia had a military budget of $62000000000.00. and that's 10 times what ukraine spent. and while it seems much smaller than china or the u. s, it represents a greater share of the russian econom

so, what is russia saying? one concern is that moscow has been making claims that ukraine has its own weapons programmes. russia actually called a un meeting today amid claims of a secret us—backed biological weapons lab, something washington and ukraine deny. russia asked the security council for today's meeting for the sole purpose of lying and spreading disinformation, and that is exactly what you have heard from the russian pr this morning. the fear is that russia is preparing for what's called a "false flag", using chemical weapons itself and then blaming the ukrainians in order to justify the invasion. that, one western official said today, seems more likely than widespread military use of chemicals. so, what would the consequences be? in 2013, parliament voted not to take military action after the use of chemical weapons in syria, even though they'd been described by the west as a "red line," so what would happen this time? officials here at the foreign office and across the west have been vocal about

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a european, russia, iberian russia, far eastern russia. well, yes, what i mean, the opportunity 25 years later is now upon that. i was thinking had regime change in russia, which they're certainly hoping for then they can move for the actual physical breakup of russia. that is what is on the agenda here. i think it's no doubt about that. yeah. and said, yeah, you know what i can take from that michael, in, in doing so, the european union will collapse. ok, and nato will have shown itself to be a paper tiger that this is something they're chewing on that they're not going to be able to digest my opinion. michael, go ahead. well, apart from being a paper tiger, it's obvious that nato was not offensive. no, no country is going to invade any other major country anymore. nato is an offensive organization. and the question is, does he want to be part of an american fence and get involved in afghanistan in the near east and in africa that the united states are setting up the fight under that chinese there. so all of a sudden it is you're going to

this, our russia has expanded. it's offensive into western grain are talking 3 cities, including to meet pro desperate conditions, continue in the car, keith and mario polo, while the u. s. and e, you have escalated sanctions. taking more steps to and trade with big questions remain about the safety of ukraine's nuclear power sites. ukraine's regulator says electricity supply to chernobyl has not been restored despite russia's energy minister saying it was reconnected on wednesday. and ukraine says, russian soldiers of could not the men of military poll, that's a city in the southeast, the government released this security camera footage, which it says shows the abduction of, i'm federal on the top screen to keep on satellite images show russian tanks breaking away from a long column and moving into positions around the city, on to 0 step boston as more now from the capital. ducking behind their barricades, their preparing for the worst case has turned into a fortress and every one has joined the fight. men were ju

as russia is war in ukraine, stoles, russia, messiah and artillery continue to bombard several cities, but none have been captured after almost a month of fighting. so what is the kremlin military strategy and can it's objectives be achieved? this is inside story. ah hello and welcome to the program. i'm for the back table. the war in ukraine, which russia hoped, would be over within days, is now into its 4th week. russian tanks and military convoys remain at a standstill outside the capital. keith, the kremlin, has yet to capture any of ukraine's biggest cities. despite attacks by land, sea, and air. they've targeted mainly residential areas throughout the week, as well as an out ring of popular support for ukrainians, advanced weapons and aid from nato countries, and others are helping stole russia's advance. despite the battle ground setbacks, russian president vladimir putin has shown little sign of relenting rob mcbride reports from live if. if ladyman puts in, of russia had early hopes of his russian forces, achieving magnificent victories over the ukrainian army of them being w

with russia. he also announced a ban on russian-made vodka and caviar. speaking from the white house, the president explained what the steps will accomplish. president biden: this will make it harder for russia to do business with the united states, and doing it in unison with other nations will make up half of global economy, another crushing blow to the russian economy which is already suffering badly from our sanctions. mark: the president cannot unilaterally change russia's trait status because that lies with congress but the move has support from democratic and republican lawmakers. russia plan to send thousands of local fighters from the middle east along with weapons to join its forces in the ukraine. vladimir putin told the security council today, we need to help them to get to the conflict zone. the russian defense minister told the council that russia has received more than 16,000 applications from people in the middle east to help fight in two separatist regions of eastern ukraine. the texas supreme court today paved the way for the nation's t

and what russia does is exactly the opposite. it's hard to see how long this conflict will go on for, but ukraine claims that russia is intentionally attacking civilians as part of its strategy strategy. is this some, is that an assessment that you share? let us be, be aware that was put in has started was meant to be a blitzkrieg of subjugation and it has not worked. he has miscalculated. he has miscalculated the response of the international community, the unity of the west, the sanctions, and above all, the resistance by the ukrainian people led by m, charismatic president who rarely use the country and the russian. the russian losses in personnel amount already to half of the number of people they lost enough gone. his son. that is the soviet union over 10 years. they have totally miscalculated the logistics. this is not working because the wall last much longer than they're putting the thought and he is so so alone and does not allow other people to advise him. of course 11 cannot, cannot, no one cannot guess how this will c

china has risen above russia's. it's not a big a factor in global gdp maybe $1.5 trillion it will slow down massively as a result of the sanctions. when you added up though youo have to take into account other parts of the world will make up for some of that supply for there will be a big reaction in terms of increasing energy supplies outside of russia and food supply outside of russia and ukraine. those responses historically have been a rapid. i do not want to be overoptimistic. it takes a year or so for the agriculture sector to adjust. but i think there can be increased supply elsewhere and that softens the blow to global gdp. >> issue try to look at these numbers, obviously at a very early stage, you see the net effect being significant enough that we could see global gdp decline this calendar year. >> my own view is that is not the case at this point. when doing the assessment were looking at those details. even if you take the other advanced economies to the extent they can increase supply and i should beat

is hearing. >> she lives in russia. and when it started, the war i called her, and i said mom russia attacked like ukraine. and she's like, no, like it's not true. she's like sending me, look, this is your army making war, not ours. i'm saying, mom, they're bombing. you know, i'm her daughter, it's crazy. we cannot live here. what is happening it's huge, it's war. and she's like -- until today she don't believe me. like she's my mother, i'm telling her what is happening and that we are going to shelters and we hear bombs, there is like attacks. and she said she's not believing me. so i stopped talking to her because, like, what can -- i can't -- if she don't believe her own daughter, she's totally brainwashed from tv, you know, because their tv is all about propaganda. >> as russia's invasion of ukraine grinds on, there's growing worry about the health and safety of three u.s. citizens currently detained in russia. cnn's brian todd has the details. >> reporter: new concerns about the fates of three americans being detai

that's how the things begin to change in russia. if that when says change is, this is this war is not very popular and it's not very popular with the russian military to. there were dissenting voices and signals coming from there that this is the wrong thing to do. and it doesn't seem that maybe in some instances, the russian military are not fighting to full capacity, or at least maybe holding back maybe under orders or maybe that they don't want to fight this war very much. so it's a complicated situation. the embrace, the integration may begin to bobbo in the coming months. will there be any change or not? again, that's anybody's question. before it begins to happen, you very hard to predict, but the security, the military have to look the other way. if there's a property or discontent, can begin to change anything in russia. ok, given that just end with you from a if also it is where to end and some agreement was reached. how quickly could things economically, in russia, around the world get back on track, or is this, you know,

and god, if you see it that way, you, russia, is russia. russia has its own future, its own position, its own pride, its own strength, its own capabilities, its own issues were not simply next to someone with separate and unique were a big, important, and amazing country. i got a scholarly issue ah ah, ah, with with becky, unless you with, with that you for that reason yet, did you buy the walks and yet this ah, ah crazy joe biden says those are w m d f dot m a not in the ukraine. well, he would know, of course, because post flags are an american speciality, one of the last remaining american specialities all the way from the go for don't came in vietnam through the iraq war all the way to syria. the stars and stripes are lucky force flag. and then the week where mr and mrs. julie and i said, we're finally able to get married or be in reduced circumstances. we look at what the future holds for the new happy couple. it's all coming up on this, but need to speak with blue, blue, with blue. ah, with oh, you must understand that lead to some kind of democracy. we did the military group wh