continues, so does the information war, the liberal west appears, determined to deny any meaningful debate about the conflict. freedom of expression is now something of the past and an information, iron curtain, as to say ah, president putin, phase russia gas exposed to europe should now be paid for in roubles, aiming to stabilize the currency for ditching the u. s. dollar international trade with russian lead don't yet. republic. 4th is say they've taken control of more than half of the embattled city of mario poll, made intense fighting that included rates of civilian building for 3 pounds, ukrainian trip declining inside us on traders did i thought, thought over the conflict and ukraine with some other countries including germany now i and their own share with

a warm welcome. you're watching r t international with the latest news updates. thanks for joining us. now our top story, russian lead forces are pushing deeper into the key port city of marietta. pole which has been seeing some of the heaviest battles of the conflict in ukraine caps troops including the notorious, near nazi as of battalion refusing to give up even a single building without to fight. the onslaught has already led to was being called a humanitarian disaster in the city. you might find some of the following images upsetting. thousands of civilians remain trapped inside mario pole without access to clean water, fresh food or electricity. the russian military has been busy trying to get more humanitarian supplies handed out to the locals. don, yes, republic troops on the front lines clearing out civilian buildings used by

ukrainian forces as bases. some locals as still hiding in basements to escape the violence, as many have been blocked from fleeing the city for humanitarian corridors opened by russia. some residents who have managed to escape speak of atrocities, allegedly being committed by ukrainian troops along with food. you must, you are the now, but i did hear the still alley nation national philology. grindsley g, who are difficult really, levels was minimize the route. what do the pickup would be for the wall? what would it be up? but if you put a new field with 3 of them for this work, well for sure, i thought you feel grandma walker through up with her mom, her mom of water bill, let's pretend who's could soon put one to this group that we will struggle. really . who is not going to let you, maria, will you via ftp 230 with marcia for the food you we 3 over the art. i'm usually

vowed, yahoo, you theater with him with him to it will be the period on, you know, who on would you do? you, barbara, you do the people who don't with me while russia continues to target ukraine's military infrastructure throughout the country. as part of a stated goal to demilitarised, the state versus defense ministry has released fresh footage of some of its high precision weapons being fired away, including caliber cruise missiles, launched from a russian navy ship. that's an undisclosed location class. we've seen pictures of bassetti and postal defense miss aren't being fired. also said to be targeting ukrainian military sites. now, the russian president, vladimir putin, has announced that european payments for russian gas will now be accepted only in roubles. but in the city senior size decided to influence a sets of measures in the shortest possible time to transfer payment for a natural gas supply,

its unfriendly countries into russian roubles. that is to abandon the use of all compromise currencies. at the same time, i would like to emphasize separately, the russia will continue to supply guess in accordance with the volumes and pricing principles indicated in the previously concluded contracts. unlike some colleagues, we value of business reputation as a reliable partner and supplier, which dorothy was hit on cortez in the studio with me. now to discuss this further done, just bring you the details on this order by the russian president sure will. as we just heard from his statement there president vladimir putin has ordered all payments for russian natural gas for specifically from unfriendly country scene. he called it on friendly nations for those payments to be made in roubles. and in the past, payments were overwhelmingly actually made in us dollars, but obviously that's going to change. now we could say that that's part of moscow's response to this unprecedented level of sanctions that had been leveled against russia by the west. since the beginning of the special operation in ukraine,

vladimir putin also talked about the fact that a number of countries had frozen illegitimately russian assets abroad. and that this has actually decreased the amount of faith that people have had in their currencies. and to be honest, this move in comparison to what russia could have taken in response, basically shutting off the taps of european gas is really, really humane. in comparison to that possibility, this is a, a decision that really is also going to help the russian rouble strengthen as well right at the opening of the moscow stock exchange. actually today we saw that the price of a dollar fell to under $100.00 rubles for the 1st time since march 3rd, which was obviously we, that the collapse of the russian rouble happened as a result of the, a sanctions that i just mentioned earlier that were leveled against russia by the west and european as prices have also climbed to over 10 percent higher. as a result of this action, we're talking about near 1300 dollars,

4000 cubic meters of natural gas in europe. and it's, it's actually significantly rising. it's rising very quickly, so we're going to have to see what other consequences they're going to be from this for the west. because again, this statement from vladimir putin just took place and we have yet to see what's going to come out of it. some, some deep repercussions going to be felt throughout the day from that. so i imagine on, thanks for coming in well, they've been to national financial turbulence by the us efforts to isolate the russian economy with growing numbers of experts, warning america and as well. reserve currency, the dollar offset to suffer most from moscow's trading partners, trying to bypass washington's restrictions. a ticking time bomb and a u. s. dollar reserve currency status. and to rush sanctions seemed to backfire prompting the entire world to reconsider their financial policies. ban on dollar bank notes exposed to russia,

freezing its foreign exchange reserves for us as weapon ising its currency, and many a wondering if they might be targeted next. but what makes a dollar so spatial? why does nearly every central bank in the world stockpile the u. s. currency and invest in american bonds? the dollar has been preserving its status for decades. and the secret ingredient is oil. a quick dive into history. back in 1974. saudi arabia was the world's biggest oil producer, and it just shaken the western world with a major oil embargo, a punishment for supporting israel. in the yom kippur wall for us was an important 70 percent of its oil and embargo hit it hard to god themselves against the possible oil shocks of the future. the nixon administration offered the saudis of deals the u. s. agree to supply the saudis with military aid and equipment in

exchange, saudi arabia agreed to accept the dollar as a defective means of exchange in the oil market. from that moment, every oil contract with saudi arabia had to be priced in the u. s. currency. the rest of the opec countries followed suit. the petro dollars system was born. imagine a chocolate pie in a room full of hungry people. if one wants to grab a bite that you may only use a plastic spoon, no steel or wood, and allowed con virtual spoons in exchange office, pallet more for the future. sounds unreasonable. let's kind of want a petra dollar is like from 1970 for the entire world has been paying for oil in the u. s. dollars. no gold, saudi real or any other national currency allowed to buy an oil important country must 1st convert its national currency into u. s. dollars ties to the world's most sought after commodity. immediately boosted

demand for the us currency. oil important countries began piling a dollar reserves to minimize currency volatility risks in the future. oil purchasers, oil exporters, started investing their dollar surplus back into the american economy. purchasing bonds and treasury balls. this enormous interest in the u. s. currency wasted to a unique position. the demand is so high that the u. s. can print as many dollars and dollar denominated bonds as it needs to finance its external debt. if any other country tries to do the same, it will immediately face rising inflation. in the case of the us, people will buy dollars anyway. for decades, the dollar enjoyed its unique status. with the tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing

steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part, decreased fluctuations in the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the d dollarization was limited to a number of symbolic moves up until now and parallel, and he, russia, sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to d. dollarization initiatives. you on jumps after report on saudi's wing it's use in oil deals. india report explores you on in oil trade with russia as frustration grows over us sanctions. does this mean the end of the u. s. dollar? not yet. over the years, the central banks all over the world have accumulated to many dollars and dollar

denominated bonds. should they get rid of them all at once? the entire finance system will collapse. but trust in the dallas stabilizing bowling. the economy has been severely undermined. ah, it's a competition from u. n. is now tougher than ever unless the u. s. find something else to offer. it may end up with solving inflation and trillions of dollars that nobody wants. ah, well supplies from russia and can extend to european markets have also taken a hit after a storm damage to vital equipment at a black sea oil transfer terminal. as soon as he is a key hub in a caspian pipeline, which transport was massive volumes of oil, the company in charge of the site saves were passed, could take weeks where the oil out was expected to drop significantly. authorities, they, none of the oil is leaked into the black sea. the pipeline consortium,

c o stays the repair process is being hampered by the refusal of some western companies to provide assistance lower than the rooms though of, from the sewage to do. the affording of boil, of the marine terminal has been completely stopped. what are treatment plans have been commissioned as we have identified the damage for us, but we have to conduct a full examination, but our divers are unable to do this due to the weather conditions and from the repairs are a labor intensive and high tech process. we need a tanker to flush the lines without which we cannot start repairs because there is no confirmation from our foreign partners about the shipment of tankers, preamble the repairs will take at least 3 weeks. if we had continued to operate the terminal, the threat of ecology of the black sea would have been critical to cash. but since we identified the problem in time, the damage has not been done with us. we have faced an unfair attitude from our foreign partners with the supply of the necessary spare parts has been denied.

foreign companies have officially informed us that they refused to cooperate orders in europe. energy technology development institute expos, carol, right. deanna of says the volumes of shipments will definitely be reduced due to the damage is going to have your most speaking of volumes for taking into account the fact that 60000000 tons of oil were shipped through this pipeline last year. such a breakdown will lead to the fact that volume of shipments will be reduced from $170000.00 tons of oil per day to approximately $50000.00 tons. there will be a $3.00 to $5.00 fold decrease in the volume of oil shipments by tanker. the pipeline is part of a major international supply chain, largely managed by russia and cans extend. oil is transported to the marine terminal in nevada. see scan been loaded onto tankers for shipping to other countries. eagle, you scar. they senior analyst at the russian national energy security fund explains

which countries will be the most affected by the situation. cuz i've done that will accompany a good number one room key because exxon is quite a major player on the global markets through the pipeline has a storm has been transporting its main volumes of oil to the west. so it turns out that at least one of the supplies is falling out of the export market for a while. this will be noticeable in some countries which are traditional recipients of all supplies from this terminal, specifically, southern europe, including italy, spain, and southern france. most of the oil when they add parts of it, went to the usa, around 10 to 15 percent. this is also an unpleasant turn of events for the united states, which is just stopped importing russian oil off the imposing sanctions. and now need to look for an alternative supplier, while another producer is now interrupting its supplies as well as a result fuel prices on the u. s. domestic market may rise. there is already a shortage on the global market. and here a fairly large player is reducing supplies, at least from this terminal. this will aggravate the deficits on the market. oh,

most likely push the price is well. for me, u. k prime minister gordon brown is calling for the creation of a new international tribunal to investigate the russian president and those who helped plan the military operation in ukraine. clearly one of the options is for ukraine to say that if there is peace than they withdraw, they demand the president put him be brought on trial. but until that happens, and if that happens, of course, we would have to look at it. i think we should persist in our demand that he be brought to trial, innocent people, children, mothers are being terrorized bodies lying on the street and marry poll, people not getting medical treatment. these are international crimes and they are crimes against humanity. but in this case, they are also the crime of aggression, almost one and a half 1000000 people as of a targeted to 1000000 have already signed a petition saying the russian president has committed the quote supreme

international crime and target a special tribunal for putin model in the near a bed charles with german leaders after world war 2. however, critics point out the double standards of u. k. politicians off the britons, part of the page in the invasion of iraq, the u. k. zone inquiry into the iraq war found, find god did not pose a threat to british interests and intelligence regarding weapons of mass destruction was presented with unwarranted certain c last class life to our guests . i'll tell most about the form of foreign secretary of india, indian and busted to turkey, egypt, france, and russia. thank you for joining us on the program is very nice to see you. now you are a representative of a country that has also suffered under the british crown. do you think the representatives of britain have the right to demand such things at all? given the historical background of their own actions, i think is still. ready only in the 19th century, they think they are still fighting sort of stuff. i was usually amused when the

russian, when the british and defense secretary spoke to a group of british military officers, reminding them how they had best is russia in the war. how they had dealt with design nicholas one and they're going to do it again this. they still think it's a great game going on to century. i mean, why? why should one take supplements or by gordon brown or any british politician? seriously, they don't rule the world longer. the british empire are no longer even in the you in order to master the support within the eel. and i think for such a folly, even if there was again signatures, you're going to get those kind of signatures. if you rip up st passions on, on any issue, nobody is going to follow them and even, and who is going to set it up, what is, what will be the mechanisms of such

a special trial? and then to bring to trial the head of state or the one of the most powerful countries in the world. president ok. what, what, what do they expect that they will come with russia? or they expect that there will be a change of regime and like was also which was handed over to the international a handle. i mean, this is childish level that which is the standard is a bit of a joke, and it is one thing that the public passions can be saw is actually mobilized in this manner. in western democracies. it is, it should be waiting for the rest of the world because today as the enemy president, which, who has been denied for the last 20 years is the dog. tomorrow. it can be somebody else. now i can understand if it is saddam was in awed, couldn't be, or what have you there they can do what they,

what they like. because there is nobody to challenge bothered to speak in such terms about russia and britain. booting, i think, is astonishing at the level at which diplomatic discourse and diplomatic positions have descended to with the president biden calling justin food, you know, walk them in on one basis. if the basis is that he had invaded your game than those who invaded iraq and libya and lydia and got his thumb. and they also, what should we send? there should be some sense in the political discourse at such high level. a speaking of some other actions at britain, there was also a chill cut report which directly documented the mistakes of the u. k. government during the invasion of iraq. so why isn't anyone calling them to tribunal? well, they should actually, i mean there has been a lot of them on in this i'm so those are bringing the don't plan to drive

a walk in for the legal action against iraq, with no proof of our weapons of mass destruction. it was, it was a water joyce made on absolutely false assumptions. but then, you know, in these countries there always will be voices like that, but nothing gets really translated political action because, you know, who is going to try to get. in fact, he's going all around the world, collecting a lot of money for the vision and owning a lot of money from public lectures. so this is all, this is not serious. this is part of a propaganda being and this is bottle of the grid that the western powers have on the information. so the cost of they can create a narrative against anyone if they like. because alternative negatives are not allowed to be presented to be aired,

to have to be to each people in general. and this is what happened was the, so i'm not, he has been caught in in europe because they don't want them to be affected by any other point of view being expressed and so much for the freedom of expression. and the us that, that india is the only country from the quote group. it has a neutral position regarding the ukranian case. so what's your take on india is approach to the conflicts. well, you know, we have a very good guys with the united states. and we, and these are very wide range in good, good domains with russia. we have very good traditional go sites governing some very vital demands. we kind of afford to sacrifice either a relationship, but the central point is this. when we take a neutral position, we are not hurting americans security. but if we were to join the bandwagon or the

western start condemning russia, and in every time that the magic guns up before the u. n. g, or you went to go to council, we condemn russia. will destroy, destroy a relationship with russia, and that will directly affect our security. because 60 to 70 percent of our forces are dependent on russian platforms that supply the russian spare parts. and we have china sitting on a board of $50000.00 troops on the border. and we see how many of the machine binding to a holiday, russia, what are the ex, but i'm not saying that is the only reason. the largest reason is simply this, that this is not the 1st time that any country has invaded another country. for whatever reason, we've had the invasion of iraq, sidney, olivia understand, and in so many other places. now, if one were to say that you must take a definite position in the model and then what does one do then?

what does one do at the end of the day? look at what the united states has done there, 100 or have gone to stand on. the old water began and they evicted it on and now they've added back the country. it to this group whose values are totally at variance with those of all the west. it doesn't have a difficult pollution. so what do we do? we go down there condemning the united states. i left them center and create problems. we have to take a pragmatic view of the situation and ultimately look after national interest, which is best best by not getting into this game of walk times and trials and that new stuff and demonizing leaders or what have you. but dig a balanced physician responsible solutions the doors of dialogue. so that if in the future there is a possibility of human dialogue and finding

a be solution that should be countries which are in a position to help in this process and not and not create such divisions that no country and then be any useful. so i think india wants to be in that position about home a lot larger the interest of day. many thanks for talking to us today. come us about form of foreign secretary of india and get on boston, turkey to france and russia many thanks. thank you. why the russia say they will continue to supply countries with oil and gas as contract to despite the apparent efforts of western states in particular, to complicate trade, raising prices for their own consumers. sort of noted with, i had seen our partners from the u. s. are trying to blame russia for the rise in oil and gas prices, but our country has nothing to do with this. in fact, the us authorities themselves are progressively refusing to develop their own oil industry, subject in the 2 administrative and financial pressures and russia has never used energy resources as a weapon. for many decades, we have been

a reliable supplier to global markets. even now despite a very difficult g political situation, we continue to supply gas. so european consumers at the same time, despite all the difficulties in the european union, where prices are also rising under pressure from the united states. they have abandoned the already built nordstrom to guess, pipeline which has blade to the de treatment of european consumers local as a result, over the past year, electricity prices in europe have increased the 10 fold. if i fought for gas alone resistance each time for the e to think about next winter, the complete incompetence of european and us politicians has led to these results. the other is in russia has nothing to do with this. and you could certainly get used to source of but the washington's traditional middle east allies are also unhappy with us attempts to control global oil supply. some of the world's biggest oil exposures are increasingly resisting america and looking to bypass the use of

the dollar. i see rachel blevins explains after years of involvement in the middle east, the u as now appears to be losing his grasp on some of the closest allies in the region on one major area energy. the vitamin ministration has been much calling on the opec close alliance to increase production by more than plan in order to tackle storing energy prices. but they have repeatedly said no. now the king of the credit card tell, in one of the top oil producers in the world, saudi arabia is responding to the latest tensions by strengthening its ties with china. while it is currently beijing, the largest oil suppliers. saudi arabia is reportedly considering accepting the chinese you on for oil self instead of the us dollar. now this idea has been around for years, but it could soon become a reality, and it stands to threaten the u. s. dollars dominance as the world reserve currency . so why would saudi arabia consider a move like this right now?

well, they're not too happy with the u. s. and west year now lives for him. housing, unprecedented sanctions against russia, which just happens to be one of their most important opec plus allies. they're also watching countries like china and india actively looking for ways to work around those things, which means moving away from the us dollar. but while the us in saudi arabia have maintained in alliance on the surface, they're also competitors when it comes to oil production. and the saudi, they're finding out just how much power they have right now. unlike the government of nearly every other major oil producing country, including saudi arabia and the other opec states, the u. s. government cannot open and close its own oil taps. it cannot compel oil companies to drill more. so when the war sent oil prices soaring, the government was powerless to bring them down. if they like us all occasions are not too happy about saudi arabia having the upper hand on this one would be an understatement. i hate the fact that we have to ask the saudis to produce more oil

. i hate that the bite and administration has to figure or out how to leverage our relationship with saudi arabia to get them to do that so that my constituents aren't being squeezed at the pump. however, the white house denies that the saudi have turned their back on washington. after reports that the kingdom was denied, calls for president bite it. the president spoke with king salman on february 9th, in that call. they set forth an affirmative bilateral agenda from climate to security, to energy cooperation. since that important call, our teams have been engaged at every level. there have been no discussions of subsequent calls at the presidents level given this regular and ongoing engagement . but it's not just saudi arabia that the u. s. appears to be losing its influence over the u. a has all their reportedly declined, biden's call. and instead of turning to the u. s. for support. well, they're turning to a leader that the u. s. has been years trying to overthrow. that's right. this week officials host is syrian president bashar assad and his 1st visit to the country

since 2011. and that's how they say the us hasn't tried to use the current tension through their boards, even noting that the vitamin ministration sent a new batch of weapons to saudi arabia after denying them last year. for pottery viet continue to increase the dominant as it moves away from the us. they are showing that they can live without america. but can the current american economy live without them? in washington, rachel bluff and archie and awake of a vast ramp up of western military support to ukraine on the manufacturer is a both think that there pocketing fantastic profits, german weapons joint wine metal, his bronze, it will pick up in the quote 2 digit 1000000 euro for servicing ukraine's air force helicopters, meanwhile, us that weapons make his shares have already sold 14 percent since the stars up the conflicts on the us fiscal 2023 budget is set to shovel more than $800000000000.00

more to the arms industry. caleb more can picks up the story in war, almost every one loses la, for military contracted corporations. a major conflagration can be hitting the jackpot a month before things heated up in ukraine. the ceo of raytheon major pentagon contracted corporation boasted that he saw opportunity. we're seeing, i would say opportunities for international sales. of course, the tensions in eastern europe, the tensions in the south china sea. all of those things are putting pressure on some of the defense spending over there. so i fully expect we're going to see some benefit from it. it wasn't ra since february 24th, when russia moved in to protected on boss military contracted companies like raytheon, boeing, lockheed, martin, and others have seen their stocks sore. joe biden sent a $1000000000.00 worth of weapons to key of in just one week and he had to buy them

from somebody plus this.