not britain has stolen sleep, refused to vote for an immediate cease fire in gaza instead, the stains of the un security council file. it's all i the united states veto is the resolutions. but among the british public, there has been the rising co rust of coal and the u. k. u. case on sales to as well as those demands that apparently ignored the u. k. government maintains secrecy, about the weapons being said to the idea of the british. people should know what advice has been given to the government on the off what i was gonna say. no legal advice in, in the public se is always made public. and there are many good reasons why that's not the case. and these reasons in this particular case of persisted, don't just on the weight of the country, what killed you know, how to use, right? and that is why the prime minister had a very serious conversation with these riley prime minister about exactly that. if you know that a party is going to commit a war crime and this forcible transfer of people is

a precise breach of one of the statutes that governs international law and all states in this area, then you are making yourself complicit. now being accused of human drives validation, this familiar territory for the british government are these themes sweetie, explains what these troops are accused of responsibility for the evening of thousands of civilians and his former calling the kenya decades of military exercises a sing swain's land. but down to use a wide phosphorus on where he is listed with unexpected minds. the problem was so widespread that the defendants ministry was forced to pay millions to more than $1000.00 foam is 2 decades ago. but the mines is still being found today. and british troops on known terms use wide phosphorus in 2017, a person who seems to take responsibility for his actions, leaving victims struggling for justice. 2 and a half years later, 0 compensation has been given to the people effected the british army is actually

using every trick from the colonial rule book to try and not pay the canyon people compensation in 2007. but the soldiers would cleared of writing more than 2000 women and cutting you in the 1970s. also essentially investigating themselves on school days with more recently accused of acting with impunity for decades. with an i'm gonna see report claiming 650. can you women were right to move it mostly in the last frontier is one of those women, was it allegedly killed by personally sold or in 2012 with had dismembered remains found in a septic tank. it was not until june 5th, 2012 that we discovered that your body was found in the hotel septic tank. things have never been the same since. 12 years later, we are still looking for answers about your matter. we have never come to terms with why the soldiers who mode it unlocked. you have never been charged or arrested . perhaps they think they can get away with it because the victims are africans.

the president who's accused of being the aggressor when it comes to the conflict in ukraine, then 5 minutes above his don't. soon as a case of scuff, bring a piece daily night for 2022, telling k i have to continue the fight against russia. the russians were ready to end the war if we took neutrality like finland and made a commitment that we would not join nato. this was the key point. in addition, when we return from istanbul, forest johnson arrived in key of and said, we won't sign anything with them at all, and let's just fight. while it will flick knows the shedding of civilian areas in don't boss on the attacks on civilian infrastructure, both david and crimea, it was pulled really insane to ukraine despite widespread acknowledgement. but it kind of, when i was the international famously came on defy 2 months off of that conflict begun all for it claimed there was evidence of key. i've come between potential war

crimes including the use of civilians as human shields. so the person is a case of a poker, so you would be stabilizing cuban, much globally, one of the same time, claiming to be standing up for the something that could be described as all, whether you of the british government has approved legislation to deport the asylum seekers to the african nation of rwanda. as a key part of its response to an influx of migrants of the scheme, undocumented asylum seekers arriving in britain, it will be sent on to lawanda, where there are solemn claims will be processed. if approved, the will then remain in that central off again. country of the so called landmark legislation though is approving a highly controversial than the u. k. so not helped by the fact even the government ministers appear to me. lessons on the law and basic geography to chris are coming from

a neighboring country. equal congo. if you know geography that is located right next door to orlando and um right now im going with those agendas that going on under such a big conflict going on with people from your lender so hard. my family members come from grandma on those on the crossing right now with data and be sent back to the country that they're supposed to be worried. you rewind, uh, does that make any sense? you know, so i think there's an exclusion on people from around the being sent the one to the from come the 5th, right. the supposed to be more and these people from orlando are they then going to be sent to run the if they came to run across it from? from the yes. a would people be sent from folks runners? different times vehicle goes next to different the there is, there's a, there's a close minute slice and it says if somebody would sofa getting the phrases to be serious near the simple home by being sense of what they wouldn't be set. and so there is that there is that site mechanism built into that just like why that's the

big now how see you again, it's about the out by now the the 2024 is the year of process chairmanship and briggs. some of you may have heard that besides brazil, russia, india, china, and south africa, the organization now has new members such as egypt, iran, you opiate, and the united air en route. so this isn't an easy time for growth, and yet brooks seems to be steadily moving forward. today i have the privilege to speak with the senior banker at the rest of the state development corporation v e v r f. sir, you start check about brooks sanctions. the declining role of the us dollar and what lies ahead for the economy around the globe. so again,

that they're just of nice, somewhat up design with. so again, until you each one of the most to discuss topics is the possible contestation of russian assets by the west. american legislators are discussing transferring these funds to ukraine. you will be in union, they're discussing transferring any profits from the frozen funds to key if these are radical, unprecedented measures. but does this mean that essentially all other sanctions have failed and how can rush or respond? obviously, you might just, it's like a village. well, let me stop you a bit from a fall off. i agree that it's likely the most discussed topic, perhaps, except for everything related to conflicts. my suspicion is that extreme decisions related to confiscation simply cannot fail to have a negative impact on the central bank. internal policies related to placing temporarily free funds. what will be written that will opt sufficient restrictions be introduced, or some limit set that it's hard to say, but it's a historical fact. we have a completely new situation related to such actions. all economic entities,

particularly the back v t b, have taken steps towards the legal aspects and of trying to protect and secure the assets. i think this is the path we will take. we will see what has accumulated here in the russian federation, in terms of assets of developed country, economic entities, well assets of russian economic entities to be seized. so i guess we will go down this path. it's quite difficult for me to speculate told miss mathis, since i'm fall from these processes. but in any case, experience will definitely be considered by many of the economies of developed countries to act small. cautiously with the western financial system, we perhaps when moving towards creating an alternative financial system, it's not about finding the dollar or financial institutions of different countries, but having an option, having the right to choose a menu of choices. everything points to a situation where instead of one international financial system, we will have more, maybe an alternative, maybe even, and not just one, no time to save, nobody's my share of view with others that globalization as a dominant phenomenon,

is beginning to recede and regionalization has become the dominant trained countries within a region of forming local markets. and within these markets, there already establishing that local payment and settlement systems, enabling economic entities to trade most smoothly and flexibly with each other. i don't know, i want to quit cutting those up in the sense the why do things are so many western sanctions and why have the not succeeded in crippling the russian economy despite all of those predictions, by so many western officials, did they all know this would happen from the very beginning and were simply following washington's angie, rushing agenda or did a general you come as a big surprise to them a punch in this list in this vision? well, we want to mention the causal relationships that threatened us with bits and pieces . my point of view is very simple. russia has a large economy, the more it's a diversified economy, no matter how much we say we depend on natural resources, primarily oil and gas, which constitute almost off of the federal budget. revenues from the sale of those

results is, is now evident in the 21st century that we rely no, certainly on the oil and gas sector. but also on many of the industries that have stood on their own. 2 feet of cost, primarily agriculture, whose ex pulled performance has been mentioned as a splendid result of cheap by the government in recent years. this includes the banking services sector in terms of quality, speed of service and the capabilities provided by the banking sector. today we seems to be far ahead of switzerland. i haven't been to europe for a long time, but they say that such financial transfers and payments we easily make every time using smartphones, phones or q all codes a quite rare in europe. whereas here we have from my diversification perspective, at least 3 strong pillars within the country. and these pillars have proven that viability, there's no comparison with how the banking sector operates in these conditions and how we'd operated off to be 1998 crisis. when we regressed and started carrying caching out pocket, and of course the industry related to the military industrial complex to show that

it can quickly restore production needing too strong demand for a variety of products driving development. essentially we largely rely on this demand, these metals, right, elements, electricity and demand for labor, which is also in short supply. i believe all this has ensured resilience to external pressure. although i also believe one should be fairly restrained in assessments as 2 years of such caution sanctions. and it's such a large economy, it's still a relatively short period of time looking at a longer term perspective, especially considering the great desire to undermine all financial system. we need to be, i would prefer ever straightened evaluation of our resilience. this is what is called resilience in english, not sustainability, but specifically resilience, resilience to external pressure. some of the economy and numerous enterprises have shown that we can do this. but let's continue to observe whites and prepare personnel just like in the past past and will make all the difference that the current stage. that's my point of view. i understand is from the lines with what

the government is curtis thing and dreaming of in terms of retraining. the masses something though, as it should be waiting for the north. let's briefly discuss the dollar according to an update last year. it's sheer and global currency reserves to decrease to 50.31 percent the lowest in 28 years. do believe this trend will continue considering the sanctions policies and the growing u. s. national debt, which this year is set to exceed spending on defense and can do you want to strengthen under these conditions? i think i might have to do it towards the dollar is security. i think perhaps is an exaggeration, but the dollar is like impacts. it's like a 2 person, everyone says get rid of a dollar, blaming the dollars, everything was the fault of the acts. if it's use not to chop wood, but it's set to shop heads. it all depends on who wields that. the problem is that the financial system, even systems related to transactions to a greater extent, so called financial infrastructure and it's key elements like clearing houses, central accounts, of policies, central deposit trees,

but especially correspondence accounts. those are all controlled by authorities authorities through the supervision mechanisms. potential oversight regulation will sippy through legal means issue relevant instructions and compliance services of pacific american banks. which process dollar payments comply with these instructions for them. if they don't comply, then they should be penalties of all the legal entity, the bank itself, west of all, i'll send it affects the specific individual like a credit or payment officer, making those decisions. the problem isn't with the dollar. it's in the financial infrastructure. more precisely, and how the financial infrastructure is utilized for political purposes. as for this indicates a well, the share of the dollar in international reserves has decreased. yes, but that's not the most important factor regarding the dollars influence on the global development and global financial system. i liked the category introduced into circulation by the former governor of the bank of england monk connie. i've known him for a long time. we've had many discussions. he started using the term dominant cover

and say, that's the key point dominant will try to coordinate something else like the prime rates, most important will something else resides, currency is understandable. besides the dollar, we also have revenues in your it's chinese and japanese. yeah. now, but in terms of quality they made dominance of the dollar lies in the fact this carnes is the basis for pricing, especially for commodities on exchanges. and at this stage it's impossible to move away from this. at least we have one good example when a trend began with the use of futures on the shanghai commodity exchange denominated in the national chinese currency. this is a significant step towards reducing the dominance of the dollar. from my perspective, this is much more important if we want to come back this dominance, then decreasing the dollar share of international reserves. if these trend accelerates, that's one scenario. but we know, for instance, the chinese authorities on pushing for the international lives. ational been national currency, for instance, just recently and event representatives of india mentioned that that goal is to

internationalize the indian currency as part of the state policy or agenda. while i haven't read such statements related to the people's republic of china. moreover, in order to exert significant influence to enter this international circulation, bits of payments, such a month's reserves or any other purpose, you need to have a trade deficit over time. your money. it needs to flow out of the country, creating demand for it. similar to what happened post world war 2 with the american dollars. it all, she became what it is because of a position us balance of payments deficit. and the accumulation of dollars in your eyes are and accounts. i understand that the people's republic of china is not ready for that because of questions about trade surplus and consequently a surplus with the balance of payments all the priority for people's republic of china. i see it is russia ready to move away from the dollar? how advisable in diesel is this? what would be needed for this to happen? to smother you do? what is this about the framing of the issue here? should be old nuanced, often roll russia as

a solver an entity practically does not engaging across the board of money trends, price except when perhaps we have placed the bones boned obligations in numbers of currency, other than false to repay and service, the participants in currency relations or across the board of financial flows, economic entities. this is the fundamental basis for understanding the situation. so many of our exposes and import is abandoning the use of the dollar does not entirely fit into that commercial strategies. to put it mildly, therefore, in the absence of pressure from below, no one will certainly go down the path of banning the use of the dollar. if your tax pay generates value, added exports and believes that it's more important to receive compensation for his expenses in this particular currency, no $1.00 will heading to him. so how can brush of refuse? this is to abstract, right at the arrested goal thoughts? i think we need to come down from this perspective. the main participants in cross for the money flows, all economic entities, not separate entities. they genuinely care about their business,

their profits. and if it's beneficial to them, they will never refuse. they will continue to do what they do have ortho, can you please explain in simple terms of what and you can nomic entities more to prepare to enterprises of various legal forms. it could be a cooperation or trading company, a commercial bank, or a non banking commercial organization, all those who state and that funding documents a goal of making appropriate. i'll consider economic entities to me. i like this category. it is the most encompassing. this includes both large and small enterprises, trade, industry, transportation, and services of all kinds. these are economic entities, even an individual entrepreneur and like employment and all case. he's also, i mean that you cannot make and say, well, if he pays taxes, that's good. oh, if he's getting a license now, please, when ready to start? so you were saying that the actions of all these legal entities depend more on them then on the authorities are, or of course, at least the government will never allow itself to go against the interests of economic entities, bonds. if the government went to take that route,

then who would form the tech space? who would pay taxes? if there's no profit, what would you pay from? that's why we have a system when no presentations are in place. and in russia's central bank government, mister w and my, my opinion, has repeatedly stated that there are no restrictions on operations involving of reserve currency nor any plant. moreover, as far as i can judge from the press, if the government supports extending the period for a mandatory sale of foreign currency earnings illiterate today, yesterday there was information then the central bank believes that the time has come to a bullish this. no. well, everyone has their own arguments, the government has its arguments, the central bank has 8, sorry, i want to comment on who's right or wrong here, but the period of a fairly stable rouble. it happened. we live with it forever. yeah. i believe that citizens of most of the satisfied the responsibility predictability in how the ruble exchange rate changes relative to reserve currencies. just never the less that i totally operations and national currencies between washington, china,

almost entirely avoiding the use of the dollar and euro in bilateral trade because something similar happened with in bricks. yes, and if possible today to, if we look at the trade flyers, it presented in india, these are trade flows that rely on the dollar. and to assume that again, those same economic entities, all these jurisdictions will decide today that is not interesting, not profitable, and not necessary. is it very difficult for me, or although at the event we had, it's called the breaks into bank corp mechanism partners in this club, united development banks of 5 countries with hopefully 5 more institutions. joining us together, they say let's still look at how we will stimulate settlements and national currencies even more so not just settlements, but financing investment projects in national turn season. but this is very logical because if you implemented project in a specific jurisdiction, it's expected that if your project is successful, the sailor products from this blog will fax rates will be a national tire and seized accordingly, paying off the credit. attracted for this project will be easy and the topic of

course, always sounds like how to meet the demand for national currency for an economic and see from a foreign country how they have access to the national financial market. how open it is. we are advanced in this sense, but all markets wind breaks a not yet deep and diversified enough for these operations to run smoothly enough. the main advantage of americans live precisely in this, a huge deep market with different participants and most importantly with different opportunities and financial aids from a different there. all kinds of them have, this is something we still have to do within the brakes union. i think a one thing is when you have come and board is have the opportunity to form joint projects when economic entities from 2 countries participate. that's one situation . like what happened with china to joined production, export and import contracts that understandable how they implemented, how they've funded. and the other thing is trading with south africa or trading with brazil where they have completely different logistics, completely different supply demand regarding investment goods, but simply withdrawal materials and energy resources. now when it comes to industry

here, there are different standards, different measures related to technical compliance and so on and so forth. one of your questions was about forming a customs union. i think that in the near future within breaks mississippi impossible. what they usually 1st comes the customs union, then we move on to a free trade zone, as was the case in the raising economic union. there is a certain sequence here. can you imagine how many economic and commercial ties are needed? the business pressure from below to full, so authorities to engage in this way can form the corresponding agreements which should be multi lateral, not biological, but multi lateral. i would prefer it more if within the brakes the lines we managed to united lee and energetic the act within our international trade organization, which, judging by the reports coming in is currently going through challenging times. i'm talking about the world trade organization, how to modernize it, and how to manage strong dominance of the united states, which has prevented arbitrations were being appointed. and many processes had been sold. that would probably be a more pragmatic golden thinking in terms of

a free zone. and i have heard about this idea of from south africa, but it is a rather small economy, as they say themselves, do not do us as just an economy. is that the average go we represent the interest of being time, effort, and continent. well that's that stands. so that's why you said he believed creating a single guarantee with embrace was a utopia for me. and i remember that statement. it also had the words at the current stage or to in the future, and no one can say in which direction. doug development book guides, county right now here, and i'll building the focus is on creating the most favorable conditions for using natural currencies and for settlements and mutual trade and investment. since this is the main task. meanwhile, in the background, there are many ideas and proposals related to incorporating digital currencies or digital assets into this ton of, as the central bank likes to say, i don't know, to what extent the use old but he's block during technologies and all these exhausting one. it's where the naval operations on huge don davis, after all these trade, it's billions, it's one thing to have one,

it sounds like there are billions and wants to, but that's billions, not hundreds of billions. to assume that these modern technologies won't be able to replace these fit currencies that we currently rely on, the lowest of large numbers. they live that life. maybe something will happen, but certainly not non lifetime. i think in all lifetime we will continue to rely on fed car and say transitional bridges to special funds related to these i t technologies will be home. the perspective is very strong. that a, the id companies will significantly push banks with the financial markets, or banks themselves will start transforming into i t corporations. everything is moving towards that. it mean clearly the trend is in that direction. how fast that this will happen? well, i don't know, it's impossible to predict that for a non, for in your question, i would still reiterate that at the current stage, the priority is settling payments and national currencies. discussions regarding a common currency and the brings unions may take place at the level of academic circles or the level of authorities, primarily money, tre. authorities,

central banks, considering the session of a new group to the union. it's clear that the task is becoming even more complicated. although the task associated with expanding the practice of using national currencies can be somewhat facilitated with more participants, more practiced, more experience. they may be more opportunities when you make money from supplying goods to one country and simple changes. we have the option to spend the funds in another country in the same currency. so such opportunities will begin to a much more familiar, but you mentioned the bricks to develop and bank competes with or be more attractive than the i and that's why i'm kind of need to but it's me, it's look, there is no breaks, develop a bank there is a new development bank, that's the official name of the international organization that we negotiate just having with this name or was this is the new development bank. yes it's found is all members of the brick screwed bank. why is it new? how did it come about? well, it happened because they tried to find some terminology related to describing what bricks is. but the times, what somewhat awkward. so i'm presenting, colleagues,

propose a workable time. let's coordinate the new bank just so others don't feel left out on the yellow. well, yes, they started working on it. what's new about it? first of all, the group agreed that each member would have an equal amount of capital and consequently an equal number of votes. this is unprecedented. everybody else, the more you have, the more about you get since i want for them all, they agreed that the banks presidency would write site every 5 years in a set order. every 5 years, a representative from one of the founders would step down best innovation. i know the innovation involves the rotation of vice president. the roles, all the vice presidents are divided. someone is responsible for the credit operations, someone for a while and others, but managing temporary surplus funds for handling treasury functions. all these roles must be rights. i did every 5 years, and i have the most important novelty office institutions is that one can join the composite it by invitation only. so if you want to join any other multi lateral bank, if you apply on the process begins,

applications don't what you need to be invited to, but would you need to be a member of brooks for this? no, no, we have bangladesh, for example. it's not the brakes man, but we've just to put an order in this sense, russian has for given dads to many countries, especially too many african partners for what benefits does moscow gain from this source to work with? well, it's good that you would least use this idea in the past tense. indeed, everything has been written off. well, if not everything, they're all remnants. but hey, you need to remember one thing. russia went toward cycling or writing of that's from lines provided by the soviet union. that's it. this is the key point from this to move things to such fact as need to be understood. firstly, historically, the soviet union wasn't particularly concerned about the issue overpayment. deadlines, roughly speaking, they ones especially attentive, political and strategic tell us related to presence in africa. well being addressed and accordingly lives with grounded. but these will always cycled tied loans. no actual money was given machinery equipment,

food was sent. soviet enterprises would load, did they receive money, and goods was applied, that institution, external economic bank, all the soviet union recorded the equipment value of the supplies against the debt agreeing on a schedule for the return of these funds, these labels, well then it continued from that that's the 1st part. the 2nd important aspect to you is that we spend so being roubles or rather not wait, but the finance ministry, but don't is, or some other currency was set aside for the debt. as an interesting exchange right before they began to recalculate the debt denomination in dollars denominated in roubles and to dollars we calculated the dollar is $67.00. carfax, any reality? how much was it back then? when in reality there was no market. so the debt recorded as $100000000.00 roubles, turned into $140000000000.00 a bullet. therefore, when they talk about these commercial vital, so you need to evaluate the circumstances depending on the context. if you are somewhere presenting and talking about how cool we are in terms of rights also you

can say that. but in our conversation, you see, i'm saying it this way. and another fact, i'm all regarding the russian federation. i to normalize financial relations with many states, if you don't have regulated relations, including those related to debt. you or we at a minimum cannot provide new loans. plus we made concessions because fall from old texas to be for minnesota. you integrate with the assumption that russia is the rightful success a to these assets. well, some neighbors were reluctant and came to capitals and argued that they to, from their factory supplied goods. and so they also have the right to make a claim. that's why it was necessary to settle the relationships. and during the settlement, we negotiate to the exchange rate and that we apply the official exchange rate for composing ruble obligations in dollars name return, of course we and to discount the received amount within the framework of i primary upfront discount. economically speaking, everything is perfectly fine. i don't see any problems. let me join the powers club of credits as we watch. like everyone else within the club framework under

a principle of solidarity. yes, much had to be written off, but in commercial times, this is called hopeless debt obligations. you can keep them on the books and definitely no one will work on that with the government emphasized as pragmatic approach. but here i personally messed up a lot. my wife scolds me a bounce. it. lots of things that you have quite an interesting story. good. if this is a good, she said you gave 3000000000 to the ukrainians. why? that's when we bought year, right bones full, 3000000000 before the payment was different to express it. so i wanted to ask you to these neighbors also forgive soviet union's better. and i see opinion, one of us know, but we took everything for ourselves. russia assumed the obligations of the former soviet union instead. consequently, we also took on all the assets calling from the c, a u, as in general, with not complaining a told everyone agreed funny because they had in this stage of national southern dates where they had no debt obligations. the goals feel free to go to the markets, engaged in activities, and so on and so forth. good, good, good. so again,

i thought it was thank you so much for your time and the, the, the fear that china does not address this problem. we will washington the on the sheets. it's functions sold, like the big it's ready to well that it gets signed, if it doesn't, and it's a leg support for russia over the war and ukraine, promising so much, but delivering so little ukraine reportedly, withdrawal has been much completed us abrams tanks from the front lines of, of a prove, easy pickings for cheap russian drug.