laughter criticized the way journalists treated their president under that manual lopez, alberto accused european parliament members of being like sheep. if i did their names to a resolution to stop him from verbally attacking reporters. unprecedented numbers of gentleness have been killed in mexico in recent months. one year, like what the mexican president's rhetoric has been cited as inflammatory. ah, to have a quick check of the headlines here on the al jazeera, russia has expanded its offensive into western ukraine, attacking 3 cities, including the me, pro desperate conditions continue in car cuban marriott bowl. meanwhile, the u. s. and the you have escalated sanctions, taking more steps and all trade. russia, big questions remain about the safety of ukraine's nuclear power sites. ukraine's regulator says electricity supply to, to novel has not been restored despite russian officials saying it was reconnected on thursday and the u. s. is accused russia using

a un security council meeting to spread lies and dis, information. the u. s. ambassador said russia is playing out a potential for flag operation where it fabricates allegations about biological weapons against ukraine in order to justify retaliation. rushes calling for this meeting is a potential false flag effort in action. exactly the kind we have been warning about, including from secretary berlington here in the security council last month. russia has a track record of falsely accusing other countries of the very by elation that russia itself is perpetrating. and given that and consistent with our previous statements, we have serious concerns that russia may be planning to use chemical or biological agents against the ukrainian people. ukraine says russian soldiers of kid not the mayor of minutes or paula city in the southeast. the government released this security camera footage, which it says shows the abduction of ivan federal at the top of the screen. it says

10 russian soldiers and melissa poles, crisis center, but a bag over the man's head and let him away. and the u. k. sanction more than $380.00 russian politicians for voting to recognize 2 ukrainian separate regions that run up to the war. the sanctions target politicians in russia's lower house of parliament, the duma, those blacklisted with band from travelling to b, u. k. the measures will also stop them accessing any u. k based assets. so doing business in the country and mehta and the company that owns facebook and instagram could soon be banned in russia as an extremist organization. the move is in response to facebook announcing the bits relaxing its rules on call to violence. is now a partial exception. when the target is russian troops in ukraine. so those are the headlines. the news continues here now jazeera of the inside story station. thanks so much bye for now. on counseling, because the u. s. brands washing oil and the you to shrink its reliance on washing

gas or high prices undermine global energy security. how sanctions against moscow are pattering deviation in the street and reeling from food shortages and power cuts or short anchor to fall on its dense. counting the cost on al jazeera, they're the most severe sanctions ever imposed on a single country. russia says they amount to a declaration of war as the west expands its measures. will vladimir putin be forced to stop his war on ukraine and have sanctions worked in the past? this is inside school. ah. hello, welcome to the program and has them seek. it's been more than 2 weeks since russia launched its invasion of ukraine. e leaders have been meeting in france to talk about more ways to help you crane and further punish russia. but that hasn't

stopped the cramming from hitting back moscow has now imposed an exports ban on a string of products until the end of this year. about $48.00 countries will be affected, including the u. s. and those in the u. russia is already facing the most severe set of western sanctions ever imposed on a single country. they target a variety of sectors, including oil banking, aviation, and people close to president putin. this is a defining moment for europe. and it is a moment where we see that put in war is also a question of the resilience of democracy. we will, we think energy we have to get rid of the dependency of rushing fossil fuels. and for that we need mass meet massive investment in renewables. this is also a strategic investment in our security. and our independence. russian president vladimir putin says he's country will emerge stronger and more independent from

western sanctions, which he said were inevitable from soon and only the pressure of sanctions has always existed. of course today it is of a more complicated nature and is posing certain questions, problems and difficulties on the but we will overcome them now just like we have overcome problems and previous years at the end of the day, all of this will lead to the increase of our independence autonomy and sovereignty in let's take a closer look at the growing number of international companies that have pulled out of russia, mcdonalds, coca cola, and starbucks are among the latest corporations. suspending operations off the rushes, invasion of ukraine, germany's volkswagen and japan's toyota. both halted production in russia indefinitely. and several tech firms have closed up shop, including software companies, microsoft and s a p. fashion brands h and m and tsar, i have also joined the corporate exodus. ah, well,

let's bring in our guess now joining us from london, chris, we thought chief executive officer macro advisory, a strategic consultancy focused on russia and eurasia in oslo. glen diesel professor of international relations at the university of south eastern norway and also in london. tom burgess, author of the sunday times bestselling book, clap tapia, how dirty money is conquering the world goods. have you with this gentleman, chris, we, for let me start with you. we're all these sanctions as they currently stand working and they're starting to have an impact for sure. let me just say up front that the sanctions a little very severe are not likely to lead to a financial collapse or, or even. ready anatomy collapse as maybe we've seen previously. and that's because russia has been living under a sanctions regime regime, which has been tightening ever since 2014. so the economy to some extent has built

in, i feel like some resilience is the sanctions but, but not of course, to the extent for no seeing. so we are starting to see some companies laying off stuff because they cannot get spare parts because of the trade embargo. we're starting to see of course, the high profile brands like i can mcdonalds and others, at least temporarily closing their business in russia, which is leading to layoffs, and then the chart of goods. so we're starting to see this creeping impact on, on the economy. but as i say in terms of financial stability are kind of overall macro economic stability. that's not yet at risk, and won't be so long as russia's could, is able to continue exports in key products such as gas or industrial areas, and is able to be paid for it. so you know, in that sense, no collapse, but clearly a deteriorating situation. chris, tom budget, what's your take on how effective these sanctions are?

what, what the overall effect of them is, what we have to break them into 2 parts of the spectral taxes, which is essentially just sort of economic attack producing puts as a person, exports like oil and gas trading buggers. kind of things. chris talked about a moment ago and, and then there's the target, thanks. and which are sort of subtler and hard. it's read in a way. these are obviously the attacks on the personal wealth of those who have prospects on the fusions clips obviously for many years. and they are being counted as a way to put pressure on him. i would offer an, an a no to skepticism. but those as well. i would say the 2 categories of all the ox, the 1990s, all galks, who am got written to privatization and then will have their wings clipped rather by preaching and were made dependent on him but, but, but maintain relationships with him. they, i think i've limited influence on his decision making and then there's a kind of putin error while they got to. and

a lot of him have like him passed in the k g, b and, and in some cases plucked from obscurity and created by peach. and they have a much greater personal dependency on him and payroll. so sort of barons of state companies, generally, oil gas pipelines, et cetera, as opposed to private ones. but if the aim of the sanctions is to ultimately to persuade the the, the, the richest beneficiaries of russia clipped soccer see that they need a new boss at the top? because putin's policies are proving to ruinous for their wealth. you've got a question that logic as well because so many of them are so bound up with him. but typically my experience of covering criptos is all of the world when, when the big man goes down, those close to him, go down with him. she got a one to, to what extent they would see it as in their interest to try to remove teaching at any stage. yeah, i mean, we can certainly talk more about that a little bit later. this is, this is related to britain's decision, isn't it?

to put several rationale galks on their sanctions list because many of them have, have a lot of their money in, in, in u. k. banks. so yeah, we'll, we'll talk a little bit more of that in a moment, but i want to turn to glen these and get his take on, on the sanctions over all the history of sanctions. as far as having the desired effect of getting the people that they are targeting to, to change their position or maybe get them to back down is, is not a great one. is it, it's, it's check it at best you expect them to be any different. i will, this is a problem with sanctions. they're put in place because they still have to do something and it's either economics pressure or military pressure sometimes, you know, doing something doesn't necessarily mean anything achieved when they ask whether or not the sanction will be working. if they're successful, it really depends what, what, what we consider the purpose of the sanctions to be weak in the russia, russian economy, as the sped teacher there. and then i was saying,

so are working it, it's a couple russia from the european economist. and it's also working, however, one would also find 2014. russia is working towards reorienting economy from the west east, mainly china, and it's all on attendance by the process. but typically when we talk about sanctions, the purpose to make or change your policy, we're so we're influencing the cost benefit analysis connections. but in order to test sanctions, will really have to say, well, what, what russia motivation and i think ultimately get it wrong when you get the pressure from the media who did just woke up one day in a bad mood, decided to, you know, congress on the territory, i think it's important to see the russian perspective, and this is after nato expansion for 30 years. russia said this is a threat to the security for the past 15 years. they made a very clear that you can't absorption in made or get some extra special. so in

other words, this is a red line and where they will effectively risk everything for this is all or nothing. it's little bit like a united states were willing to literate to buy in order to get the soviet out. so i think it's important understand is because it processes this work or getting nato away from his cognitive. what would happen if russia would go about pulling force out today with the mood we have in the west? native would work, moves directly in with weapons and everything else into ukraine fairly quickly and again, this is something that i cannot do. so i think there are russians are willing, some sort of an enormous amount of economic pain and they're not going to back down because again, for them, this is an extension. it's a red light, so i don't see any future for the sanctions. i think we all want to change, you would have to talk about some security arrangements with ross's ok, chris,

we've put in a said that russia strong enough to withstand sanctions and this will end up putting the west in the form of higher food and energy prices is he right? well, looking to receive the price of the commodities keep launch these energy but also other commodities that russians and ports flyer off, for example, reach another soft agriculture products. all these prices are rising. so it is putting in stationary pressure on the global economy. therefore that will affect monetary policy. policies will affect the global economy. so he's right in that respect. what to what extent russia can withstand the pain on how long can we send to pay? 30 is an open question. russia, as has made a lot of preparations, you know, to be more resilience against sanctions. for example, if we go back to 2013,

russia was entirely dependent on oil price needed $115.00 a year to balance its budget this year as be less than $50.00 for the equal back. then russia imported 50 percent of its food consumption, mostly from europe or from the west. no, russia is completely self sufficient, so there's no risk of any food short just certain basic items on the shelves. and at the start of this year, russia had built up substantial financial work, just $630000000000.00 to fix the highest in the world. and we also note that the central bank is greatly dispersed those reserves. so even though the central bank has no sanctions and reserves held in western banks or sanction countries, they can access, but a lot of reserves to be moved to china and moved elsewhere where they can access them. so in that sense, fusion is right and saying to russia can withstand a lot of pain because he has made the economy about more jillions banking system,

etc. is a lot stronger than used to be. but the critical factor 0 to repeat is so long as russia is able to exports its key commodities, such as gas and other materials, and be paid for the so long as there are some banks remaining in the system. then russia is earning by our estimates, at least $30000000000.00 current account surplus every month because in ports of collapse. so the current account surface is done up. and that's a substantial financial lifeline. which means that the government can continue to fund employment subsidies maintain the best to get nomic stability, some social programs, it cetera, pensions, etc. and that means this situation in russia not ideal start growing. it doesn't close, but there really is no danger of an economic or financial collapse. and that probably means that social pressures won't be that much either. somebody is going back to the issue around the oligarchs and going off to the russian, all the golf,

particularly those, as you said, who are, who are very close to, to put in the, the later generation. and the thinking here is, as you were saying, is that the sanctions will somehow it's hope to put the squeeze on them because they've, they've hit their wagon to preach and up to now. and they might think about turning against him. but could they even whether this financially, because this is coming more than 2 weeks into this war. now there's been criticism of the british government. they've acted too slow. would they have had time then to, to kind of move their money elsewhere. so the no one, no one can touch it, i mean is it. ringback too little, too late at this point. yeah, i mean i just just have to quickly check issue with that. so go ahead of defense of what this is a kind of, i have to take issue with that. this is a defense of war. i mean, the, let's, let's, let's be clear about what, what the russian regime is. it's a regime of thieves. it puts in as soon as he came back to saint petersburg,

at the end of the cold war, began enriching himself 3 corruption. and he's just massively gone on magnifying that process, an apple bomb presently described in his he's just the 1st among a group of 1000000000 as the one who controls the secret police. that's the engine of thinking regime is corruption. it's eclipse, of course, it runs on corruption. now, that mean that it requires extraordinary feats of propaganda to, to maintain control. part of the propaganda has been, discuss stories about the knots, the cation and the militarization of ukraine. and this is what's been used as false pretext, the invasion. now it's, it, it follows from that that the motivations of patients, those around him are in many, such as material. and they are about their own access to wealth and the security that that brings that targeting that wealth is important. as you say, though, the way the west is going about in the u. k. but also europe and the u. s. has been

pretty sloppy, especially in the u. k. the enormous delay and imposing sanctions when they're obviously coming leads to a lot of anecdotal accounts of money being spirited away before names to the french list. further that the u. k. record of enforcing functions adopted pitiful. it remains the case that the u. k. like the rest of the world, continues to allow this insane idea of financial secrecy, which becomes so widespread. we become accustomed to it, but you can, if you're rich enough, participate in a democratic free market economy in disguise. behind the front company, so you put a few names on the list and you may be close trouble for chelsea and grab a few yards. but we don't know what the russians lots of these really do with its wealth because we allow them to move it around in secret the, the final to make an it picks up on something that was raised earlier is the, is the, is the prospect that this could backfire by accelerating what i called in my book the, the rise of crept opiate. an alliance is trapped across by pushing the rushing,

crept across the elite, but also the economy more generally, into alliances with other ultra corrupt states. china, venezuela, around they all wear different kind of ideological masks, but the simply, they're all the political systems role engine for the enrichment of the powerful. and the more we use sanctions, donald trump, is an incredibly liberally, the more we use them. the bigger the club of outcasts get and the more that club of outcast band together. and if you throw everyone out, then sanctions on cell similar complaints because there's no turnage economy that people can operate. let's talk a bit more about the, the potential economic blowback on this in a little more widely. glen deason, is there a real danger that these sanctions will end up hurting too many people to order people in the west, in the form of inflation, higher energy prices, which will, will already see now the energy production? i think all of this in this area, you're going to be much higher,

prized by then energy, very interesting area because a lot of energy price goes up and everything else has to go up, as i think is going to be very hard to control that went out that is why you're being something very cautious and to follow the american lead on this to this very strict sanctions which register with russia. and i think there's also other problems that are coming down the road because well, the biggest mentioned not one of the problems with sanctions is obviously if they're too harsh and, and the response to long run your punishing is to live without you a they find alternatives and i think there's too many countries being being function from china, russia, iran. i think a lot of these companies sent them out to a parallel conference structure which already are seeking to cut off from the

western technology industry to transportation corridors. their bank said us dollar switch, i mean the ulta created alternatives were on it, and of course they still have a lot of work to be done. but this is obviously the trend. so you can only use the factions along beyond the how the function rickland russia will affect you also to keep in mind that china and other countries are also watching as well, because this is becoming a case in what might happen to them in the future. so if you're sitting and would you want to be there to be available by having dependence on the dollar, you know, using switched. you have any real estate using american technologies. banks certainly are not making preparation to cut off from america to reduce your extent to reduce your own ability. and so this is the situation where even with the success of sanctions, any economic dependence become weaponized by another state. so, so with,

with the harshness on this side, i don't think it's been properly thought how this could play out. also, just on the final point i was russia going to respond again and sanctioning the russian central. thank you very extreme stuff. now we can brush, my doctor sees more with national lives, certain assets can oil and gas deliveries. and it's been focused on asia again and withdrawal patterns on businesses simply take over the companies that are leaving with make the same, the workplaces and make wrong. the final divorce from the west and just the 5, it's future lives with the away from the native countries. yeah, let's put that to, to chris lee for i mean it, glen these and brings up a point that the russia has a weapons of its own economically and can respond in kind. i mean, how,

how damaging could that be for the countries that are, that are, that are targeting, rushing yeah, of course, this is like to happen who will be enormously damaging the global economy, because you have to look at a map and then see to russia is the major kind of commodities flyer for the world's not just oil and gas, but wheat, ukraine, and russia. the 2 biggest producers of reach and ukraine exports and of course disrupt us. but also call the co palladium and all sorts of materials. so if russia, if those experts from russia with the south and here in the lobby, he cannot make impact, would be very severe and we'd love recession. but it's important to bear in mind that, you know, at least as it stands right now, president putin and other people around them continue to say, says russia will continue to honor of export contracts. now, of course, what they're saying is that particular to europe. if europe continues to buy russian gas as part of the contract and the volumes and the pricing in russia will

continue to supply. and for example, every gas from every day sends and updates that is, you know, sending gas through all the various routes, including across ukraine every day as the contract. and this is the same and the soviet union, there was never a supply disruption. so i think that, you know, thank you about russia is saying that provides you keep paying us and the routes for which we can be paid, such as some banks in the system, then we will keep supplying. but they clearly never losing opportunity to remind the rest of the world just dependence. the global economy is on russian commodities . talking about the question rationalization. that is important also because when you talk about companies like psycho coca cola or, or other brands, they're essentially russian companies. they employ russian people. and this source, their products, mostly in russia, ikea and a few others are different. that's why i keep close quite quickly because it could

not import flat back for richard cetera. but in the case of mcdonalds and other companies that are sourcing their materials inside the country, are essentially russian companies in terms of employment and paying taxes. then what the rest of government is saying is that they want those companies to stay. they prefer to stay, and actually they're offering incentives for companies to stay even recognizing that some companies are under global consumer or stakeholder pressure to temporarily close. they are, they're accepting that they're acknowledging that, but they still want to them to stay. but if they choose to go, if companies say we're no exiting russia, we're not coming back. then the russian government says that their business is could be nationalized because they want to protect us jobs, or the assets could be confiscated and sold elsewhere. and they're just very quickly aligned or that we have in china already saying that their big companies

are now actively looking at acid acquisition opportunities, particularly in strategic sectors such as energy or materials. they will be came by or for any western assets to become available. and russia will accommodate us. all right, just turning back then to, to tom budget soon on. what's probably going to be the last word on this, coming back to the, to the oligarchy. 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 russia 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, i see. i think it goes much further than that. i think can you read the, the, the statement that the u. k. and other western governments have made to accompany

the sanctions decision is to justify why eagle set, you know, on a got a pasco, and ram and remove it. so whoever is going on this list and who's very little information as far as i can see in any of those that we didn't know the week months ago, a year ago that we didn't know in some cases. but quin putin murdered lit financial on the streets of london or more pointedly. we didn't know when christian annex crimea in 2014, but up until now our decision has essentially been you know, what we would rather keep the money. and i think there is a mismatch and all right, we're doing now and what could, what you might feel they could demand of us on 40 that's going to have to be the last word we're out of time. thank you. 2 or 3 of you, chris. we for claire deason and tom burgess, thanks so much for being on insights toy. and thank you, as always watching, remember, you can see this program going any time. just go to a website or just a dot com and for further discussion,

go to our facebook page. that's facebook doc. com, forward slash a j inside stored. you can also join the conversation on twitter handle there is as a inside toys and we have a secret and the entire team here, bye for now. the the latest news as it breaks. this is one of the growing number of chick points around the city. oh, suffer risha, most of the men that you see here, a members of the civil defense forces. they all volunteers with detailed coverage aid workers are focusing on the most vulnerable, but many more need help from around the world. because an area that generally fees abundant rainfall, but strong winds, lack of humidity by making it easy for fire like this one to spread all across with some of the world's largest resides. najia provides much of the uranium that fuels

your it's nuclear power plant. but it won't cost people empower, follows the uranium trail from this year to the shores of the mediterranean and investigates the devastating effects on the planets and all those healing habit. the industries ha ha ha said you am on al jazeera, a story of life, deception life and death, and israeli spy, operating on the deep cover in syria, knowing that discovery would meet certain death. algae, 0, wow. tell to gripping story of martha spy, eli komen, operated on the cover in syria, in the 1960 no day shes career that ended in public execution. eli cohen must at agent 88 on al jazeera. ah

. now g 0 with every oh ah, hello. hello, i'm darn jordan in dough. how? with a quick reminder of the top stories here on al jazeera, russian forces have expanded their offensive in ukraine launching attacks on 3 cities. they're also entering towards keith and appear to be regrouping for a possible assault on the capital. or the other hamid, as in denice pro, where russian air strikes it close to a kindergarten and apartment bill. it was 5 55 in the morning. and much of disney pro was asleep only to be walk into this one of 3 explosions that rock to city court answer.