that's what our, okay, we're agreement because what we're seeing is the destruction of the dollar and it was intentional, it could been avoidable. and this is what happens when you politicize a currency it's, it's just future historian. so scratch their head, that's all the time we have here. want to thank my guess in washington, national and in a symbol. and thanks to our viewers for watching us here at r t. see you next time. and remember crosstalk rules ah, ah, ah, president putin say is russia gas exposed to europe should now be paid for in rubles, the aiming to stabilize the currency? well, did check the u. s. dollar and international trade? nobody has that issue. so i have decided to implement the sets of measures in the shortest possible time to transfer payment from natural gas to plates unfriendly

countries into russian roubles. and ukraine, russian leg done, yes, republic forth this day. they've taken control of more than half of the embattled city of mario po, many 10, fighting this included way to pavilion building, to sweep out ukrainian troops hiding inside. and washington steps, the pressure on china to join the us led condemnation of russia with bathing standing fir money's neutral dog, despite the rate of american faction against china's economy. ah, one welcome. this is archie international with the latest news update is good to have you with us. my russian lead forces are pushing deep into the key port city of marielle pole, which has been seeing some of the heaviest battles of the conflict crane calves

troops including the notorious neo nazi as of battalion or refusing to give up even a single building without a fight the onslaught has already led to was being called a humanitarian disaster in the city. he might find some of the following images upsetting. thousands of civilians remain trapped inside marielle 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. on yes, republic troops are on the front lines, clearing out civilian buildings used by ukrainian forces as bases. some locals are still hiding in basements to escape the violence. as many have been blocked from fleeing the city through humanitarian corridors opened by russia, and some residents who have managed to escape speak of atrocities, allegedly committed by ukrainian troops. go along with who debussy. why did i?

but i did hear this delay nation nationally, did not grindsley g very difficult, really little. minimize the route. what do, what do you? well, what, what have brought up a new fear with grew up in them that this was a sure i thought you feel grandma walker through obama walker. you, let's perform who's going to put from to this group that we will struggle really? how long is that? we'll, we'll get on to let you, maria, really via ftp 230 with already are usually vide yahoo. you fear to work with us in actually for you. mm hm. what intuitive would be the view your own, you know, who them would you do? you barbara, you the people who don't, with whom are russia, continues to target ukraine's military infrastructure throughout the country. as part of a stated go to demilitarised, the state versus defense ministry has released fresh footage of some of its high prestige weapons being fired away, including caliber cruise missiles, loans from

a russian navy ship as an undisclosed location. plus they've shown pictures of faster and coastal defense missiles being fired, also said to be targeting ukrainian military sites. ah, russian president vladimir putin has announced it to europe, and payments for russian gas will now be accepted only in roubles loop. and as it is showing of, so i decided to implement a sets of measures in the shortest possible time to transfer payment for a natural gas supply. it's 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 were following the story for as his ortiz don quarter,

he joins me in the studio. don, thanks to coming in. could you bring us the details on this order from the russian president, while russian president vladimir putin, has essentially ordered all payments for russia, natural gas being shipped to what he called unfriendly countries to be made in the russian rouble in the past? it's been overwhelmingly, these are these, you know, the payments for russia, natural gas have overwhelmingly been made in us dollars. but with the recent unprecedented level of sanctions that russia's had to contend with. this can really be considered part of moscow's response to all that putin specifically mentioned that overall trust in foreign currencies had fallen specifically after a number of countries had illegitimately frozen rushes overseas assets. and to be honest, in comparison to what russia could have done, basically turning off the natural gas taps in europe, the decision that decided to take is actually quite reserved. and it's also having the double effect of actually strengthening the russian rubel,

which significantly depreciated. and in value, of course, in relation to the dollar and the euro, and the pound after these sanctions that i mentioned earlier were taken and leveled against russia. but immediately after the moscow a stock exchange opened up to day. the price of the dollar fell to under $100.00 rubles. that's for the 1st time since march, 3rd. after all of this this, these sanctions were leveled against russia and the mil, a russian military offensive. and i also have to mention that european gas prices are now rising at around 10 percent. they're already around the price of $1300.00 per 1000 cubic meters of natural gas in europe. so this is just actually the beginning, really, i mean, president putin just made those statements a couple hours ago and we still have yet to see what is actually going to come in the future. maybe even today and over the next week. yeah, we'll be closely watching that don, thanks for coming in. well, more countries are now moving to d. doff arise,

their international trade in both the gas and the oil sector, spoken to global revision at the so called petro dollars system as a result of western sanctions. against russia, a ticking time bomb and a u. s. dollar reserve currency status. entry, rush of sanctions seem to backfire prompting the entire will to reconsider the financial policies ban on dollar bank notes exposed to russia. freezing its foreign exchange reserves for us as witnessing its currency, and many a wondering if they might be targeted next. but what makes a dollar so special? why does nearly every central bank in the world stockpile the u. s. currency and invest in american bonds? the dollar has been preserving at 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. the u. s. was an important 70 percent of its oil and embargo hit it hard to got themselves against the possible oil shocks of the future. the nixon administration offered the saudis a deal for you is to 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 patriot on his 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 convert or spoons in exchange office,

pallet more for the future. sounds unreasonable. let's kind of want to pitch a dollar is like from 1974. the hi, a 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 booster demand for the u. s. currency. oil importing countries began piling up dollar reserves to minimize currency volatility risks in the future. oil purchasers, oil exporters, started investing their dollars surplus back into the american economy. purchasing bonds and treasury balls. this enormous interest in the us currency raised it 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 it's 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 it's unique status. with a 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 to creased 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 deep dollarization initiatives. you on jumps after report on saudi's wing it's use in oil deals. india rapport 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 and the dollars stabilizing role in the economy has been severely undermined, or 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. once coming up later this hour, we looked at our,

one of the wells biggest oil exporters, saudi arabia is looking to ditch the u. s. dollar news trade deals despite close ties to washington oil supplies from russia and has ex dancy european markets, have also taken a hit off day storm damage to vital equipment to the black sea oil transfer terminal. the facility is a key hub in the caspian pipeline, which transport was massive volumes of oil. a company in charge of the site saves repairs, could take weeks with oil outputs expected to drop significantly o parties. they, none of the oil has leaked into the black sea. the pipeline consortium, c o sais, the repair process is being hampered by the refusal of some west and companies to provide assistance. oh, it's in the since the lowest on the soonest. the did the oh, flawed in of boil of the marine terminal has been completely stopped. water

treatment plans have been de 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 you from the repairs are a labor intensive and high tech processing. is we need a tanker to flush the lines without which we cannot start repairs again. because there is no confirmation from our foreign partners about the shipment of tank hurt anybody, but the repairs will take at least 3 weeks. and if we had continued to operate the terminal, the threat to the college of the black sea, it would have been critical to cash. but since we identified the problem in time, cuz the damage has not been done annually, because we have faced an unfair attitude from our foreign partners with the supply of the necessary spare parts, it has been denied. foreign companies have officially informed us that they refused to cooperate orders in europe ration deputy prime minister alexander novak says, moscow is closely monitoring the repairs, but the incident does mean that oil expose will be drastically reduced for weeks

goes to the groceries near to his thoughts it's only narrower, this is a serious negative situation for the global markets as a whole, because a large volume of oil was transported to wild markets. through this terminal. from our site, we're monitoring the situation and along with federal and regional authorities and the energy ministry doing everything to repair the damage as soon as possible. for some time, perhaps the 6 weeks supplies through this pipeline will either be reduced 4 or 5 fold or completely stopped on the left. it again was for may 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 this 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 merry 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. $140.00 people in total, including former prime ministers as well as scientists, lawyers, and other politicians have signed the petition to create a judicial body modeled on the newer the charles for german leaders after world war 2 and almost one and a half 1000000 people out of the targeted to 1000000 have already signed the public petition saying the russian president has committed the quote to supreme international crime and also called for a special tribunal for putin. however, some critics have pointed out double standards in the british politicians, dawn, so britain's own track record in the 2003 invasion of iraq, an official u. k. inquiring and is

a chill colored report found that british interests were not on the threat when london moved on the us leadership launch a devastating attack on iraq. former indian foreign secretary come on the balance days. it's unclear what exactly they were tied, which is politicians are expecting to achieve with their petition. 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 go to russia for, or they expect that will be a change of the like was also which one handed over to the international a will be handed or 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 has been there when i for the last one is a dog. tomorrow,

it can be somebody else. now i can understand it is saddam was in order to cut off the or what have you, that they can do what they, what they like. because there is nobody to challenge is not bothered to speak in such terms about russia and present moody. i think it is astonishing at the level at which diplomatic discourse and diplomatic positions have descended to with the president by him calling as to who to know, walk the middle on one of the issues that he had in ready. okay. and then those are invaded iraq and libya and lydia. and i've got to stop and i also walk in washington, how steps up is pressure on china to condemn and sanction russia. how of a beijing is adam and it will maintain neutrality with single post foreign minister . i think the u. s. cannot stop the new multi polar world. china is already on the

wrong side of history when it comes to ukraine and the aggression being committed by russia, contrasting views between china and the u. s. threatened to inadvertently complicate already, fraud ties. america's different approach to the war and ukraine is the latest complication. the old cold war strategy of containment will not be viable in this emerging multi polar world. or despite those comments from singapore, the u. s. isn't backing down and trying to influence china's stance on russia, going so far as to threaten sanctions against aging high tech economy. his porter slayer with more washington is added again. this time pressuring basing to play by its rules and condemn russia's actions in ukraine. if china's semiconductor manufacturing international corp sells its chips to russia, we could essentially shut s, m i c down because we prevent them from using our equipment and our software facing will have none of it and refuses to give into intimidation. china will never accept

any external coercion or pressure and opposes any unfounded accusations and suspicions against china don't be naive condemnation. it sounds naive to say that's not as a vision and that doesn't solve the problem. but is it really all about ukraine unlikely? the bigger goal seems to be washington's desire to break up the strong relationship between moscow and beijing. one example, last year the russian and chinese foreign ministers agreed there was more than one model of democracy. and that interfering in the internal affairs of a sovereign state under the pretext of, quote, promoting democracy is simply unacceptable mineral, the united states forces other countries to accept american democratic standards shall draw lines based on democratic values in cobbled together small groups will. this is a complete betrayal of democracy lapel, min believer the rule of law is not something monopolized by a small number of countries or global international legislation should involve all

countries with equal participation who hold the rules of individual countries should not be regarded as international rules either nor the standards of individual countries be taken as international standards or, and finding its not winning china over with the ukraine issue. the u. s. needs to find another excuse for sanctions. how convenient the state department is now targeting chinese officials for cracking down on religious minorities. beijing's response is, or to clear move on the show me the u. s. statement is full of ideological bias and political lies, de lines and smears china and wantonly imposed restrictions on chinese officials. would you pop up with you with as actions contravene the international law and basic norms governing international relations and grossly interferes in china's internal affairs strong. and as the chinese foreign ministry point south, the u. s. itself is no champion of human rights. do you show you on the ball or the throughout history to me, the u. s. slaughter yelton expelled and assimilated native americans physically

your geographically and culturally young. committing systemic human rights abuses in every aspect. huge. these abhorrent crimes are more than enough to constitute de facto genocide by solitude, in its effort to drive a wedge between china and russia. the u. s. that seems will go to any lengths just so long as it doesn't have a strong enough opponent in the east. well, i think the u. s. it is completely ignoring the fact it is human rights problems are arguably more severe than the countries that the u. s. has been sensually her look at at death rates of the black people, q by the u. s. bullets and the u. s. has engaged in huge this formation campaign to demonize is adversaries if china sanctioned russia. the results are catastrophic, not only dead to peoples of both russia and china suffer from higher prices and to lack of goose and foot. it is cornering russia as shown nuclear power. i don't think anyone want to see things even more dramatic to happen. increasingly,

many analysts realize that any security solutions in the region we've got the evolvement, all russia will be a disaster. china is on the side of humanity in general. i think it is what the right side of his tree and tails and washington's traditional middle east allies are also unhappy with us attempts to control global oil supply. some of the world's biggest crude exporters are increasingly was this thing, america, and looking to bypass the use of the dollar in that trade ortiz, 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 vine administration has been much calling on the opec was alliance to increase production by more than land 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 supplier, 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 just 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, you're now lies 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 and 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. this, they, 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 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 had turned their back on washington after reports that the kingdom was denied, calls for president. by that, the president spoke with king salman on february 9th, in that call. they set forth in 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 hosted syrian president bashar assad and his 1st visit to the country since 2011. and that's, i would say the us hasn't tried to use the current tension to the board even noting that the vitamin ministration sent a new batch of weapons to saudi arabia after denying them last year for pottery viet continue increases dominance 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, blevins archie. tomorrow the races up they, she can check our website,

r t dot com. but we're back in the top of the hours more. see them ah, in the united states a news and tax on other countries economic sanctions are, are often just the beginning. another thing you like to do is place some military pressure on the country that you're talking about here. and there has to be an effort to demonize that country and the leader of that

country. we have a responsibility for the whole war and we need to make rules for the rest. because without out there we can do a oh i oh yes, matthew needed to look for

a new come with the nice couple with that should be a new bull. the subway you. what the vine? not the cast ash net yet new z new gym. yet, the carpool, can you put a, shall i have? you may as see the same bus outcome. no sped bumper. daily padlock was saturday. i'm adrienne adrienne spectrum, a board game baker, across the country. i'm sick about 2nd doll, automatic sarah was senior diagnostic about a sick doll. i saw it fill in eco, i noticed nobody could love you. yes'm to those who really care picked them. ha

ah . being asked of what missile dislodges? ja, pennsylvania ticket. shut jet is david naming your budget. this fallen pony eunice again. he out. why don't given us the thought i got g and not be solved. sure. did not take need 3 not said face thought he political fall, but also on you feel all on our quanto sandwich, new order lane, you better will, must gobstopper the buggy scholar instead thought, you know, suddenly he has

a cough on the skip up. we'll get a minute teresa. leah bill mobile. yes, i'm not sure you might have to sort of great your bulk of the billing in a lot disc is just us just back there. misquoted marson as a while. you while div easy while furnace us. what janie vizier says, ah, with sal is still nest. that is easy for you. you have what they said should you thought chicky dorothy oh, bookshelf to measure that up to what federal in the system with that she does that quite as a machine ah,

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