>> announcer: this is cnn breaking news. hello. welcome to our viewers in the united states and around the world. i'm at cnn's world headquarters in atlanta. just hours ago, another loud explosion was heard near the ukrainian capital, another sign perhaps russia is moving into a more brutal military campaign, escalating attacks on major cities and seven days on what was predicted to be an overwhelming military offensive sweeping across all ukraine within weeks, only now are

russian forces in control of a major ukrainian city in the south. fierce fighting left dozens da dead. no word so far on casualties. putin's war of choice has seen some serious setbacks as well. the military convoy which had been advancing on kyiv appears to have stalled, possibly out of fuel. the ukrainian president claims some occupiers are fleeing back to russia and he praised the courage of his fellow ukrainians. >> translator: our military, our border guards, our territorial defense, even ordinary farmers capture the russian military every day. all the captives say only one thing. they do not know why they are here despite the fact that there are dozens of times more of them, the morale of the enemy is constantly deteriorating. >> the u.n. says at least 227

ukrainian civilians are confirmed dead, though the real toll is likely much higher. at one point more than 2,000 civilians were said to have been killed but later backtracked on that. the russian military denies targeting civilians and says designated evacuation corridors have been mapped out. russia's increasingly fierce attacks continue to be met with a brave, determined ukrainian resi resistance. many now wonder how much longer can the ukrainians hold out against the full might of the russian military. >> reporter: russia's assault on ukraine continues without mercy. this is what's left of a university in kharkiv, the country's second city, amid a pounding of civilian areas. in the port city of mariupol

also the scene of heavy shelling, local officials say hundreds of casualties are now feared. the united nations has confirmed more than 200 civilians killed across ukraine in the week since this russian invasion began. ukrainian officials say the figure is much higher. you'd think those figures would scare people off the streets, but look at this scene where a russian officer holds up two grenades for protection after delivering an ultimatum demanding surrender. shame on you, the angry crowd shouts. just go back to where you came from! minutes later, the local mayor sets out russia's terms. if we start resisting, they will

shell the city, he tells the crowd. but if you vote for it, we will fight back. the decision has to be taken by everyone, though. people say artillery is aimed at us, he warns. across ukraine, there continue to be courageous acts of civilian defiance against the russian occupiers. this was a scene in the southern town now under russian control. locals literally lying in front of these military vehicles to resist. there's resistance on the battlefield too, russian officials admitting nearly 500 of their own soldiers have been killed so far. ukrainians say the figure is closer to 6,000. either way, the human cost of this war is already tragically high. matthew chance, cnn, kyiv.

general wesley clark is a cnn military analyst and former nato supreme allied commander. general, thank you for being with us. so before this invasion began, there were some estimates out there that russia's military could sweep through ukraine maybe in a couple of weeks. now we're a week in and they've taken just one major city. clearly this is not playing out as putin planned. what are the problems here? what does he do next? >> well, the military may have planned, the russian military may have planned to come in there and finish it in a week or two, but they didn't count on the warm weather north of kyiv. that land is not frozen, so the russians have been road bound. this was their main objective. they wanted to sweep into kyiv, take it and install a puppet government. they just haven't been able to get there. they've also discovered that the ukrainians are pretty good fighters . they're, in fact, brilliant

against an overwhelming force. so the russians have had very, very tough going north of kyiv in large part because of fierce resistance, but also because of the trafficability of the ground. it's been different elsewhere in the country not because the ukrainians haven't fought harder, but because it's more amenable to open maneuver and the russians have been able to move their forces, amass their forces and able to more isolate some of the ukrainian defenders. so there is a russian move in the south. it's moving up toward kyiv. that is a major concern. >> there's also a situation as far as kyiv is concerned that you have russian forces encircling mariupol. you have kharkiv under shelling as well. these two cities are in the east. they could fall within days, maybe a little bit longer, but they will fall. some have suggested that then gives russia effective control of eastern ukraine, which cuts off the capital from ukrainian

forces. this could quickly turn in putin's favor. >> so what russia really wants is they really want that corridor open through mariupol. that gives them the land bridge to crimea and it also helps open the way to odessa so they would be able to then isolate keefe and ukraine from any seaborne reinforcements. they're already controlling the black sea as it is. but they want that coastline. t the other is they're going to come up both sides of the nepa river toward kyiv so they can reenforce the encirclement of kyiv both on the east and west banks of the river. >> u.s. officials believe russia will increasingly hit civilian targets and seek slow annihilation of ukraine's military. there comes a warning at the u.n. general assembly from the u.s. ambassador to the united

nations of what is happening. listen. >> we've seen videos of russian forces moving exceptionally lethal weaponry into ukraine, which has no place on the battlefield. that includes cluster munitions and vacuum bombs, which are banned under the geneva convention. >> how devastating are those weapons if used in a high civilian population area, an urban area? and is putin capable of doing that? >> right. now, these cluster bombs, we saw them coming out of the broad rockets in kharkiv a couple of days ago. we understand the toss has been moved also. this is this flamethrower weapon or this so-called vacuum bomb that's being used. they absolutely have no place on this kind of a battlefield. they're weapons of terror. they're being used against civilian targets and they cause

indiscriminate damage. if you look at all this, it certainly looks like a war crime in the making to me. >> with regards to the ongoing military assistance to ukraine, the u.s. delivered hundreds of stinger anti-aircraft missiles this week. that could bring back some bad memories from the russian president and many other senior officials in moscow given how effective the stingers were. >> i think the stingers and the javelins are proving to be incredibly effective in this battle. one of the things about the stingers is that they don't give a signature. so if you're on an aircraft flying at 20,000 feet, let's say, you cannot determine whether you're being tracked by a stinger or not. there's no way to do any suppression of air defense when you're being engaged by the stinger. once a stinger gets a lock on, it's a very accurate weapon. it's very effective and they've

brought down a number of aircraft and helicopters with them. as far as the javelins are concerned, that's a fire and forget missile also. you lock it onto the target of a 3,000 meter range, and it finds the target and attacks it and strikes it often from the top at the most vulnerable points. so these weapons have proved remarkably effective. the javelin in particular has been effective in the north, where the mobility is hampered, so the russian vehicles are moving more slowly. they're perfect targets for a ja l javelin standoff weapon. >> general wesley clark, thank you, sir. one day after condemning russia's invasion of ukraine during his state of the union address, u.s. president joe biden refused to accuse the country of committing war crimes. on wednesday the president said it was too early to make that call but said it's clear russia is targeting civilians. biden renewed his commitment to

ukraine, saying the country would overcome its russian enemy. >> putin is now isolated from the world more than ever and w we'll continue to aid ukrainian people as they defend their country. when history of this era is written, ukraine will have left russia weaker and the rest of the world stronger. >> live to washington and cnn's white house reporter. he may not be willing to accuse the russians of war crimes just yet, but there will be some severe price to pay if civilians are targeted by the russians. >> reporter: yeah. what you heard the president say was channelling what u.s. officials have been warning of for weeks, which is that as putin grows more frustrated, as his campaign becomes stalled somewhat in ukraine, that he could turn to increasingly brutal tactics. the president said he believed it was clear that putin was

targeting civilians in ukraine, but he stopped short of calling it a war crime. of course, targeting civilians intentionally is considered a war crime. you already saw the international criminal court begin an investigation into the russian invasion in ukraine at the hague. other world leaders have also called it a war crime, what's happening in ukraine, in particular the british prime minister boris johnson. but in those remarks in wisconsin today, the president reiterated this unity you're seeing in the western world in trying to punish putin for what he's doing in ukraine. after he spoke, the white house did announce new sanctions on russia, but also on belarus, which is of course russia's ally in this. they're facilitating russian troops crossing their border into ukraine. those sanctions include export controls, the same ones that we saw applied to russia earlier this week. the president also applied new sanctions on the russian defense sector, so companies that produce aircraft, missiles, weapons, systems that help

design warfare. all of those new sanctions applied to those. we're also told the treasury department is working on a new lift of oligarchs to apply sanctions to as well as their families. you heard the president in his state of the union address say that he would go after these oligarchs in what he called their ill begotten gains, things like luxury apartments, private jets, yachts. we did hear from the justice department today. they're forming a new task force to carry out this initiative. it will include prosecutors, the fbi, the u.s. marshall service, all seeking out assets russia holds in the united states. a lot of these oligarchs use laws to disguise the true identity of their assets in the united states, but clearly president biden putting this as a priority of his as he laid out in the state of the union address. the justice department is

calling this task force clepto capture. >> kevin, 13 minutes past midnight in washington. thank you for staying up with us. we appreciate that. we have new developments on the investigation into the capitol riots. in a new court filing, the january 6th committee alleges former u.s. president donald trump and right wing lawyer john eastman were part of a conspiracy to overturn the 2020 presidential election. the filing states evidence and information available to the committee establishes a good faith believe that mr. trump and others may have engaged in criminal and/or fraudulent acts. the committee alleges eastman helped orchestrate the plot and they're attempting to obtain his e-mails, something eastman has refused to turn over, claiming attorney/client privilege. when we come back, russia changes up invasion tactics. also, far from home and relying on the kindness of strangers. reality for 1 million people who

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at the united nations wednesday, an historic vote denouncing russia's invasion of ukraine. a rare emergency session of the general assembly overwhelmingly condemned the attacks and demanded russia's immediate withdrawal. 141 of the 193 members voted in favor. five countries voted against it including russia. 35 countries abstained. ukraine says the vote sends a powerful message. >> people of ukraine have more reasons to believe in the united nations. it is just the beginning. don't think that it was the end in itself or purpose in itself, the vote. the vote is a powerful message to the russian federation. >> as more explosions rock the capital kyiv, u.s. officials warn the russian forces are turning to the old, brutal tactics, laying siege to cities while targeting civilians and

infrastructure from afar, just like the russian missile strike on a tv tower in kyiv on tuesday, which could be an ominous sign of much worse to come. >> reporter: russia has launched a new phase of this war on ukraine's communication and information. this was the moment a russian missile struck kyiv's tv tower. today we walked through the rubble of the buildings we low it. shown around by a man who joined the civilian territorial defense forces just last week. the 38-year-old is normally a hot air balloon pilot, whose wife and daughter have fled the country for safety. the russian rockets on tuesday landed all around him. >> translator: first two, followed by two more. i saw them personally where they were coming from. i was standing next to the wall over there. >> reporter: as russia ramps up

its bombardment of military and civilian targets in ukraine, it warned that ukraine's security services, communications facilities would be hit. to quote, suppress information attacks against russia. russia can't help but see that it is losing the narrative. the information war with the world rallying to ukraine's side and rejecting russia in diplomacy, sports, business and on and on. in the leadup to this russian invasion, there was a lot of speculation and fear that russia would try to shut down communications, shut down power, impose a blackout over ukraine. they have not been able to do that almost a week into this war. but in hitting this tv tower and announcing they would be attacking other communications targets, that may be changing. while russia claims to not be targeting civilians, tuesday's strike killed at least five, the government says. the deadliest in the city of

kyiv so far. near the tv tower was a gym, a fire still smoldering, smoke pouring out of the broken windows, the gym equipment covered in dust and debris. at the garage next door, staff stoically cleaned up glass, broken ceilings and insulation. all of this just steps from the memorial for the massacre of over 30,000 jews in the holocaust, an area that has seen so much suffering for the jewish people, hit by a russian leader who claims to be de-nazifying ukraine. >> this fellow comes and bombs the memorial to the jews killed by the fascists. >> reporter: but the tv tower is still up, now also as a symbol reenforcing ukraine's resistance against this increasingly harsh russian invasion and standing tall.

alex marquardt, cnn in the kyiv region. in the past week, from the moment when the russian tanks and troops began spilling across the border, 1 million ukrainians have fled their country. poland's ambassador to the u.n. says many of those crossing the border are unaccompanied children. families are being separated at checkpoints. more than half of those evacuating have fled west into poland. european council president met with refugees at a border crossing on tuesday. he pledged europe would do everything possible to support them. >> translator: our moral task, european task is to be at the front line to support. that is what all these teams who are here to bring a bit of humanity to the people who are fleeing bombs, who had to leave relatives behind. we will do everything possible to bring help, to welcome ukrainians in a dignified way. >> many refugees are fleeing to hungary as well and reality is setting in for tens of thousands

who have no idea when they'll be able to return home or if home will even still be there. cnn's ivan watson spoke with evacuees at hungary's border with ukraine. >> reporter: the train to safety arrived 20 minutes late, rolling across the border from ukraine, loaded with civilians, all fleeing the world's newest war zone. it is a carefully managed procession. families emerging one by one, expatriots from south asia and africa and of course ukrainians, welcomed by hungarian officials and aid workers. each handed a solidarity ticket, a free seat on another train to the hungarian capital where more help waits. >> they will help them with traveling and food, with wifi and all necessary things, even with hotels. zbl >> reporter: among the new arrivals this woman, her son mark and their cat.

they fled kyiv on the first day of the invasion. >> two days ago i was thinking that this war is going to finish just in a few days and that we won't need even to leave ukraine. but now i just can't make any plans. i don't know when i'll see my family again. >> reporter: the ukrainian refugees are women and children. absent here, husbands and fathers, men of fighting age ordered to stay behind to defend the country. you're going to ukraine now? >> sure. >> reporter: alexandra was on a foreign business trip when russia invaded. now she's hurrying back into ukraine to collect her children. >> my husband insist that i protect our children. so i take to my son, to my niece. we go to europe with my friend

waiting for us. and he stay in ukraine for protect our country. >> reporter: this woman's husband is also back in kyiv, defending the city against vladimir putin's invasion. what would you tell people in russia? >> i would tell them just get rid of your president. he's insane. >> reporter: safe, but now uprooted with no idea if and when these people can ever go home. ivan watson, on the hungarian/ukrainian border. french president emanuel macron says refugees have been and will continue to be welcomed in europe. macron had a message during an address on wednesday. here it is. >> translator: but still we are not at war with russia. we all know what binds us to this great european people that is the russian people who sacrificed so much during world

war ii to save europe from the abyss. we are today alongside all the rushes who refuse an unworthy war to be waged in their name. >> mr. macron has maintained contact with the leaders of both russia and ukraine. he says he's tried to convince vladimir putin to drop arms and prevent the enlargement of this conflict. more russians have been arrested for speaking out against the war in ukraine. on wednesday, at least 350 more anti-war protesters were detained in st. petersburg, according to a local monitoring group, which also says more than 7600 people had been detained in russia for opposing the war since fighting began. these images show police arresting an elderly woman holding an anti-war sign. other protesters cheered for her as officers took her away. people do not want to be caught off guard if russian forces close in. (thank you, have a nice day.) ♪ (trumpet solo) ♪

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welcome back, everyone. new explosions have been lighting up the sky over the ukrainian capital as russia intensifies attacks on cities across the country. this was the scene in southwestern kyiv earlier. meantime, it appears russia has taken its first big prize after fierce fighting the mayor says the military is no longer in the city. the city is located along the black sea near crimea. u.s. officials believe russian forces are increasingly targeted civilians and warn russia will seek the slow annihilation of

ukraine's military. the u.n. says at least 227 civilians have been killed in ukraine in the week since fighting began. cnn cannot confirm these figures. while many ukrainians are fighting the russians head on in close carquarters. >> reporter: in an old factory in lviv they prepare for war as best they can, welding steel to block roads, hedgehogs they're called. these are most effective, i'm told, when the ground is soft and they can get dug down into the earth or perhaps even on a cobblestone street. they can dig down between the cobblestones. with hedgehog this size, it's unlikely to be able to stop a russian tank, but perhaps a vehicle or a humvee.

lviv has so far been mostly unscathed. at night air raid sirens sound, but the fight is still further east. each night, each day the determination here grows. at a brewery in lviv they now make molotov cocktails. they've made 2,000 at least using empty bottles of a particular anti-putin beer. the beer is called putin dick h dickhead? >> yeah. we started to brew it in 2015 because in 2014 the russians came to the crimea peninsula. >> reporter: that's quite the image. it's a primitive weapon, but potentially deadly. these molotov cocktails also

have additional materials in them to ensure the fire will stick to whatever it's thrown at. petrol alone isn't good enough. you want something sticky so it sticks on a person. when we got to the factory, there was a group of maybe 70 or so men who were all standing around a car. there was somebody in a uniform, ukrainian uniform, who was explaining to them how to throw a molotov cocktail inside a vehicle to the best effect. there's a lot of people here who are trying to get as much training as they can in order to face russian forces if and when they come. in another neighborhood, residents gather supplies and send them wherever they're needed. spike strips to puncture tires, flap jackets with metal plates inside. we're continually sending them to guys there throughout the day, he says.

here you can see camouflage nets used as a cover so enemy doesn't know where tanks are located. in other rooms we have medicine and groceries. a week ago he was a construction worker, but then putin invaded and everything changed. you have a message to vladimir putin. what is it? what would i tell him, he says? i would tell him he can go [ bleep ] himself. 14-year-old andre's school is closed. he says volunteering makes him less nervous about the war. are you scared? >> on first time, on first day i was, but now i understand that we need help and support our soldiers and people. and then we will live in peace. >> reporter: before leaving we immediate pablo and his son arthur, just 10 months old, wrapped in the ukrainian flag. he told me i just want to say my

son will learn to say glory to ukraine faster than he says mom or dad. those will be his first words? >> yes. >> reporter: anderson cooper, cnn, lviv, ukraine. when we come back, russian officials admitting the economy taking some serious blows as the west imposes crushing sanctions. more on that in just a moment. ancestry's helped me really understand my family's immigration experience and what life must have been like for them. and as i pass it on to my daughter, it's an importanant part of understanding who we are.

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. well, for years as a comedian he kept ukrainians laughing, but now as leader of ukraine he has won praise as an unexpected hero, a wartime leader whose courage and sacrifice are inspiring people

across his country and around the world. cnn's phil black takes a look at the career arc of president volodymyr zelenskyy. >> reporter: there's one good reason why even in peacetime many wondered whether volodymyr zelenskyy had what it took to lead his country. his preparation for the job was pretending to lead his country. in the popular ukrainian tv show "servant of the people" he played another unlikely president, a teacher suddenly elevated to the highest office after a private rant about corruption goes viral. in real life, his political party uses the name of the show as its own. zelenskyy's career was all comedy and light entertainment, including playing paddington bear in the movie franchise's

ukrainian release. somehow, that path has led him to the role of wartime president at a perilous moment for his country. is it fair to say he was an unlikely presidential candidate and a thoroughly improbable wartime leader? >> i think that is fair to say. he is a man of extraordinary achievements and capabilities. >> reporter: capabilities widely noticed through his recent example of leadership. zelenskyy's videos from the streets of kyiv are being watched everywhere, calm, determined, insistent the world must do more. and he's provided perhaps the most memorable line of the war so far, responding to a u.s. offer to get him out of kyiv with the fight is here, i need ammunition, not a ride. >> and you can be sure that courage is appreciated and has strengthened his own people and their resolve to deal with this act of blatant aggression. >> reporter: he could personally

make a difference to the outcome, you believe? >> there's no doubt about it. he's now an spinternational her a living symbol of standing firm against overwhelming odds. >> reporter: in an exclusive interview with cnn's matthew chance, zelenskyy played down the personal risks and hardship he's enduring. >> i'm president of ukraine. i'm not iconic. i think ukraine is iconic. i always was sure in it and i knew it always. i knew that ukraine is special country. ukraine is the heart of europe. >> reporter: zelenskyy has met his foe. he sat across from vladimir putin during talks in late 2019. clearly, the junior, vastly less experienced statesman. now, putin's forces are coming for him. this moment is revealing zelenskyy's character as he

rallies his people and the world to resist russia's assault and save ukraine's democracy. phil black, cnn, london. according to a western intelligence report, chinese officials asked senior russian officials to wait until after the beijing winter olympics before invading ukraine. u.s. officials believe the report is credible. china says it's a smear. the invasion four days after the closing ceremony. it's unclear whether president xi personally made that request when he met with vladimir putin at the start of the games. moscow and beijing later issued a joint statement condemning nato expansion, saying their partnerships had no limits. back in a moment. you're watching cnn. 43 minutes past the hour. ♪

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welcome back. the latest developments now on ukraine. air raid sirens sounded and a large explosion lit up the sky near kyiv a few hours ago as russia steps up its attacks. russia's defense ministry says it has now captured kherson in the south, the first city to fall to the russians. the mayor says the ukrainian military is no longer in the strategic port city.

residents must now follow the instructions of the russians. ukraine's state emergency service reported massive shelling and bombing in kharkiv, the second largest city of the regional police department was hit and buildings at the national university left in flames. the u.n. high commissioner for refugees says 1 million people have fled ukraine in the one week since the invasion began. not only have western sanctions sent russia's economy into free fall. it seems they've sparked an exodus of multinational corporations. the companies not cutting ties completely with russia are significantly limiting their exposure. it kwwon't take long before the average russian takes notice. cnn's brian todd has details. soon, no amount of waiting in line will get you a coveted new iphone in russia. apple has announced it's stopped selling its producted in russia and has moved to limit russian

access to digital services like apple pay. >> huge lines in the metro now had to find cash. >> translator: i'm so used to having my apple laptop, phone, earbuds and watch. if i lose it all, i will be very disappointing. >> apple joining companies pulling out of russia completely or scaling back operations, seeking to punish vladimir putin and his country far beyond the battlefield. >> essentially a new iron curtain is going up around russia right now and it's becoming more isolated than at any moment since the soviet union collapsed. >> reporter: the ford motor company is winding down operations in russia. exxonmobil is pulling out of its last major oil and gas project in russia and pledging not to invest in new developments there. bp and shell say they'll get out of their russian businesses, taking hits of billions of dollars to their balance sheets. american express is terminating

its relationships with its banking partners in russia. the world's biggest container ship operators are halting their cargo bookings to russian ports. which is the most devastating to the average russian? >> maybe the most is actually . in the short term, that's going to be a significant impact. >> reporter: in the media and entertainment space, rt, the kremlin backed tv network known for putting out putin's propaganda is being dropped from providers like directv. disney and cnn's parent company, warner media, have stopped releasing movies there. while the moral component is a strong motivation for these companies, are they also pulling out of russia to avoid pr headaches? >> well, it's pretty easy to have it be both, in fact, because there's so much risk, not only reputationally, but also from a legal perspective. >> reporter: another move that will hurt the average russian's

psyche, all russian soccer teams have been banned from competing internationally until further notice, which means russia may not play in this year's world cup. >> i think russians will be devastated at being cut off from international sport, the world cup in particular. just a few years ago, russia was hosting the world cup in moscow. >> reporter: ukraine's government is even pressing for russia to be cut off from the global internet. analysts say it's not clear if the nonprofit that operates the global system of ip addresses and domain names has the power to do that, and they say it may not even be such a good idea since cutting russians off from the rest of the digital world will also cut them off from legitimate outside information about the war and may limit many russians to only getting propaganda. brian todd, cnn, washington. stephen hamilton is an assistant professor of economics at the george washington university. at this hour he joins us from brisbane, australia. so, stephen, thank you for being with us. i just want to start with the

corporate world refusing to do business with the state-owned energy producers, that's one thing. but at this rate, it seems doing any business with russia will be unacceptable. are we watching 30 years of post-cold war engagement with russia being rolled back in just days? >> yeah. good day, john. i think that's exactly right, actually. a week ago we expected these sanctions to be somewhat modest. i was a bit concerned they wouldn't go far enough as a deterrent. but on the weekend, things were stepped up really to an unprecedented level. and, yes, there have been carveouts from these sanctions, but we have to remember that the financial system is incredibly interconnected. so it's really hard if you're a financial firm or operating in financial markets to make sure that the transactions you are conducting with russia are abiding by the sanctions, right? so a lot of companies, there are moral issues obviously. but a lot of companies are just

choosing not to go there for fear they'll sort of step over the line. >> to get around some of the sanctions, russia could turn to cryptocurrency. china could try and make up for the loss of the consumer goods to a point. then there's the ongoing revenue which is still there from the sale of russian oil and gas. that hasn't been sanctioned. but here's how president joe biden answered a question about that on wednesday. listen to this. >> are you considering banning russian oil imports? >> nothing is off the table. >> essentially hitting russian oil and gas, it's on the table and it's not without price, though, for the west. would it leave, putin, though, with very little else to lose if they went that far? >> yeah, i think that's right. we've seen with all of the sanctions, we've seen a gradual escalation. a lot of people have criticized that, but this is how a financial war works. you have to start small and gradually ramp up. as you said, if you go too far,

then the other guy is not left with anywhere to go. at the moment, the sanctions are very significant. they're very stringent, and frankly they're devastating russia's financial system and russia's economy, but they aren't all the way. the issue is the next stage of really cutting off those commodity exports. yes, they would decimate russia, but they would also have massive effects on the european economy, the u.s. economy, the global economy. and at a time when inflation is so high, where these leaders are coming under political pressure for gas prices, it's a pretty hard thing to do, right? so i think they're trying to keep that in reserve and wait and see what russia does. >> we heard from the kremlin spokesman, dmitry peskov, who said russia's economy is experiencing serious blows. but there is a certain margin of safety. there is potential there. there are some plans. work is under way. you know, all this sort of stuff. there was a lot of work done over a period of years long before the invasion, this invasion of ukraine. but overall have moscow's

efforts to try to insulate the russian economy to build this fortress russia, have they been a dismal failure? >> you mentioned before the integration of russia into the global economy. i think that's something you simply can't get around. russia is highly integrated. so they have some manufacturing, but a lot of that manufacturing relies on foreign imports. so you might need a taiwanese microchip for your rockets that you produce in russia, right? and there's kind of no way to get around that. so really regardless of what they've done, russia is still heavily reliant on the rest of the world. now, they built this really big foreign exchange reserves. more than $600 billion, this huge war chest to protect themselves against sanctions, right? so to have that there as something they could use to prop up the currency and do all sorts of other things. the trouble is they didn't count on the west freezing that war chest, and that's the measure on the weekend that really threw the whole financial system into

chaos. >> steven hamilton, economist and fellow brisbane boy, thanks for being with us today. we appreciate it. take care. >> cheers. the russian owner of chelsea says he plans to sell the football club. he made the announcement wednesday saying the move would be in the best interest of the club, fans, employees, as well as sponsors. last week he gave stewardship of the club over to trustees. he said net proceeds will be donated to a foundation set up for those affected by russia's invasion. i'm john vause at cnn world headquarters in atlanta. please stay with us. our breaking news coverage of russia's invasion of ukraine continues right after this.

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hello and welcome to our viewers in the united states and around the world. live from cnn world headquarters in atlanta, i'm john vause. more than a week into the invasion of ukraine, it appears russia is moving into a more brutal military campaign, escalating attacks on major cities. [ siren ] air raid sirens were heard earlier in kyiv where it is now 8:00 a.m. there was at least one explosion a few hours ago on the outskirts of the capital. newly released satellite images from monday show some of the early impacts of the war. we're seeing homes with fire damage in a village north of kyiv, with craters