something of the past and information iron curtain has to say and then piercing, say, is russia gas exposed to europe should now be paid for and we're both aiming to stabilize the currency while ditching the u. s. a. in international trade. nobody did issue. so i decided to implement the sets of measures in the shortest possible time to transfer payment from natural gas supplied to unfriendly countries into russian roubles. ukraine. russian lead, don't yet. republic forces say they've taken control of more than half of the embattled city of mario in 10th. i think this included rate, the pavilion building, to sweep out ukrainian troops hiding inside with washington steps up, pressure on china to join the u. s. lead condemnation of russia with bating standing, but money neutral on, despite threats that american sanctions against china's economy,

with a one welcome you, watching aussie international with the latest news update. thanks for joining us. a russian, that forces are pushing deeper into the key port city of mario pole, which has been seeing some of the heaviest battles of the conflict in ukraine. caves troops, including the notorious, neo nazi as of battalion, are refusing to give up even a single building without a fight. the onslaughts has already led to what has been called a humanitarian disaster in the city. you might find some of the following images distressing. thousands of civilians remain trapped inside mariel poll 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 on the front lines clearing out civilian buildings used by

ukrainian forces as basis. 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. some residents who have managed to escape speak of atrocities, allegedly committed by ukrainian troops. oh, can you be here? who do for sure, did i but i did hear this delay nation nationally. did not grindsley, did you do it difficult really? was little minimum the route. what do, what do i look for the well, what, what is put up a new theory with 3 of them that before, but i should have thought you feel more about walker through obama wardrobe. you, let's perform who's going to put from to this group that we will struggle really. who is not going to let you maria video via ftp 230 with every art. i'm usually vide yahoo. you fear because,

you know, she wants to read for you with them, with intuitive will be the view your own, you know, who them would you do? you, barbara, you the people who don't with me while russia continues to talk it ukraine's military infrastructure throughout the country. as part of a stated goal to demilitarized russia, the defense ministry has released fresh petition of some of its high precision weapons being fired away, including caliber cruise missiles launch from a russian navy ship undisclosed location class. they've shown pictures of boston coastal defense mythos being fight also said be talking ukrainian military side almost go space agency has announced it will draw up international contracts in rubles from now on the roles. cosmos. decision follows letting me put in order to take the russian currency for gas exposed to quote on friendly countries moving as it is showing of. so i decided to implement

a sets of measures in the shortest possible time to transfer payment from natural gas supplier to 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 a business reputation as a reliable partner and supplier, which dorothy is don corta is in a studio with me now to discuss the issue further, don't just bring it up to speed on and what exactly think going on today? will, russian president, vladimir putin is basically ordered all payments for russian natural gas being sent to what he called unfriendly countries to be made in russian rubles, in the past. russian companies have the, except the vast majority of payments in u. s. dollars actually, but since the beginning of the military operation in ukraine, russia had to contend with an unprecedented level of sanctions. and one could say that this is moscow's response to the west to vladimir putin. even specifically

said that overall trust and foreign currencies had deteriorated because a number of countries illegitimately decided to freeze russian overseas assets that mostly musical canadian over the past few weeks. the number of western countries of taken illegitimate decisions on the so called freezing of russian assets. the collective west has essentially ended the reliability of its currencies crossed out the trust in these currencies. now everyone in the world knows as they suspected, and now every one knows for sure that obligations in dollars and euro may not be fulfilled. and to be honest, moscow could have responded in a much harsher way. it could have perhaps turned off its gas taps that supply europe, but the decision had ended up taking looks very reserved in comparison really still . and my stay is going to cause a bit of upset is the beat any reaction yet from the customers? yeah, we have gotten a number of reactions from european energy companies since serv. latimer prudent

statement there, and they do not seem very excited to start paying and roubles. no one has reached out to us yet. we also have existing contracts. so that is not agreed. we will continue to pay in euro, we have no other contractual basis. we have noted with grady rotation, the news that russia only wants to process gas deliveries in rubles at this stage, we cannot yet estimate the concrete impact this will have on gas trading. and it's also likely that this decision was tank taken to strengthen the russian rouble. let's not forget that it's significantly depreciated in relation to the dollar after those western sanctions. i mentioned earlier, but when the moscow stock exchanged open today just moments after it opened up, the price of $1.00 actually was below $100.00 rubles for the 1st time since march 3rd of this year. and it's also important to note that european energy prices have been skyrocketing since hooton's statement. so these are just the immediate effects of russia's demands to be paid in roubles. and it's likely this will continue to

shake european economies in the near future and dade, we'll wait to see what happens. that don, thanks to come in with the da's house. i saw. she's on quota. while austria is film, a foreign minister told me the current di dollarization did the d dollarization just rapidly space that the existing global trends. it's all about an exploration of something that all they're already beforehand. the franchise. the fragility from a state of the dollar in commodity trading was very clear in the year 2008, 2009. and this is a financial crisis of 2009, which we moved out to a very strong chinese economy that has been of rigidity of the dollar going off. the u on i station is, is moving on the d dollar. i sation. it's not something that will happen now in a very swift move, but it is a regional thing that external reading, like it was the example of saudi arabia and some other orange sellers. we have had

that in the past, even with the case was iran wishing to move out of the dollar to the euro? fine instance. the topic has been on the agenda and what we see right now, but this reason statement represent, put in is a tremendous acceleration. it's so it will definitely open up a new chapter of world trade. countries are now moving to the dollar rise, the international trade in both the gas and the oil sector, sparking a global revision of the so called petro dollar system as a result of western sanctions against russia. a ticking time bomb and a u. s. dollar reserve, currency status, entry rushes 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. the u. s. is 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 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 patriot on a system was born. imagine a chocolate pie in a room full of hungry people. every one wants to grab a bite that you may only use a plastic spoon, no steel or wood, and allowed converts or spoons in exchange office pallet more for the future. sounds unreasonable. let's kind of want a picture. 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 thus, enormous interest in the u. s. 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 its 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 of lee 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 donna's 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 once coming up later this, now we look at how one of the world's biggest oil exporters, saudi arabia is looking to ditch the us dollar in its trade deals, despite close ties to washington. i o supplies from russia and catholics down to european markets have also taken a hit after a storm damaged vital equipment at a black sea oil transfer terminal. the facility is a key hub in a caspian pipeline which transports massive volumes of oil. the company in charge

of the site says repairs could take weeks where the oil outputs expected to draw up significantly. authorities, they, none of the oil is leaked into the black sea. the pipeline consortium, c o sais, the repair process is being hampered by the refusal of some western companies to provide assistance lower than the hoops. those from the sewage to do the affording of boil at 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 drivers are unable to do this due to the weather conditions. 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. 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 of us. but since we

identified the problem in time, cuz the damage has not been done with, 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. russian, deputy prime minister, alexander novak says, moscow as closely monitoring the repairs. but the incident does mean that oil exports will be drastically reduced for weeks. vincent because it isn't good to instruct its own little. 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 for 6 weeks. supplies through this pipeline will either be reduced 4 or 5 fold all completely stopped. for me,

u. k prime minister gordon brown is calling for the creation of a new international tribunal to investigate the russian presidents and those who helped planned 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 that present put and 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. in mariposa, 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 nuremberg trials for german leaders after world war

2 and almost one and a half 1000000 people out of a targeted to 1000000 have already signed a public petition saying the russian president has committed the quote supreme international crime, and also called for a special tribunal for him. however, some critics have pointed out double standards in the british politicians, dance of britain's own track record in a 2003 invasion of iraq and official u. k. inquiry known as the chill coach report found that british interests were not under threats when london moved on the us leadership to launch a devastating attack on iraq. former indian foreign secretary can monster balance phase. it's unclear what exactly the retired british politicians are expecting to achieve with that petition i think with. ready only in the 19th century, they think they are still fighting. and 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 a war. how they had a good one. and they can do it again. this, they still think is a great game going on in century. i mean, why, why should one such commend so by gordon brown or any british politician. seriously, they don't longer the british empire, not no longer even in the you. in order to muster the support within the you and i think for such a folly, even if there was again signatures, you're going to get those kind of signatures. if you read about st passions on, on any issue, i think, is astonishing at the level at which diplomatic discourse and diplomatic positions have descended to with the president biden calling. building

a wall criminal on one of the basis is that he had invaded your game than those who invaded iraq and libya and syria and got his and are they also what washington has stepped up, is pressure on china to condemn and sanction russia. however, beijing is awesome and it will maintain neutrality with single poles, 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. just by those comments from singapore, the u. s. isn't backing down and trying to influence china stones on russia going

so far as to threaten sanctions against paging high tech economy. his policy here 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. hazing, 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 a naive condemnation. it sounds naive to say that's not as a vision, and that doesn't solve the problem, but is 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. this is a complete betrayal of democracy left all mean to leave. 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 the rules of individual countries should not be regarded as international rules, nor the standards of individual countries be taken as international standards 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,

lines and smears china and wantonly imposed restrictions on chinese officials. jeep off of what the as actions contravene the international law and basic norms governing international relations and grossly interferes in china's internal affairs. and as the chinese foreign ministry points out, the us itself is no champion of human rights. do you show your nipple throughout history to me, the u. s. slaughter expelled and assimilated native americans physically, geographically, and culturally committing systemic human rights abuses in every aspect. huge. these abhorrent crimes are more than enough to constitute defacto genocide by charlotte, in its effort to drive a wedge between china and russia, the u. s. it seems, will go to any lens just so long as it doesn't have a strong enough opponent in the east. well, i think the u. s. is completely ignoring the fact that is human rights problems are arguably more severe than the countries that the u. s. has been sensually. i look

at a desperate of the product people q by the us bullets and the u. s. has engaged in huge this formation campaign to demonize its adversary's if china sanctioned russia, the results are catastrophic. not only that, the peoples of boucher and china suffer from higher prices and the lack of goods and foot in its cornering show as shown new to the a power. i don't think anyone want to see things even more dramatic to happen. increasingly, many entities realize that any security solutions in the region without the involvement of russia will be a disaster. china is on the side of humanity. in general. i think it is what the right side of history and tails and washington, the traditional middle east allies are also unhappy with us attempts to control global oil supply. some of the world's biggest crude exports is, are increasingly with 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. s. now appears to be losing his grasp on some of the closest allies in the region on one major area. energy that i'm in ministration has been much calling on the opec close alliance. you 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 sal and 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. ringback largest oil suppliers, saudi arabia is reportedly considering accepting the chinese you on for oil cells instead of the us dollar. now that 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 lives for housing unprecedented things 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, there are 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 to say that 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 saudis have turned their back on washington after reports that the kingdom was denying calls for president bite it. the president spoke with king solomon 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 is 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 spent 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 doesn't say the us hasn't tried to use the current tension. who are the rewards even noting that the buying and 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 are g. moscow say it's a shame that the international chest federation has suspended russian grandma's to say carry. i came from competing in their events as over his support for most goes operation and ukraine. the 6 months suspension was announced off the cardiac consent and open letter to president putin forcing his support for rushes, actions. but the international chess federation claims as such, rhetoric is damaging for the reputation of the sports nicknames, the minister of defense cutty, i can became the youngest of

a grounds master age of 12 and went on to when the chest welled cut in 2015. he also became the champion of several, a key international competitions a that he is. okay. i can says he remains committed to his the porch of rushes moves in ukraine despite his suspension from global chess. then he brookeville wouldn't losing his hunches 6 months in my life and not an opportunity to just sit at home doing nothing. i've been selected to participate in the candidates tournament, which is the most important term for every chest player. it has a very tough and difficult selection that i pass through. and now i'm simply devastated because my efforts have gone down the drain. i can compare with cases when our sportsmen were barred from the olympics or other international competitions under any pretext. but on the other hand, if i could spin back time, i would do the same thing because there are situations where you can't stay silent . feeder has been extremely insulting, because chess was always supposed to be separate from squabbles and political

difficulties. and there have been no precedence of athletes being suspended for their position so far. if my appeal is not satisfied, i will probably be looking for sponsors and create a 2nd alternative organization that will adhere to the rule. the sport is outside of politics. the winner is the one who plays better, not the one who is appointed by officials. many, thanks. heathen has company here in nazi international for the latest updates. you can keep an eye on our website ality dotcom. ah ah . it was in the 1950s that our secretary of

state john foster, dulles proclaimed. our policy is global. ah, we started as a continental empire by clearing out the yeah. native peoples and other foreign forces. then we became and overseas empire by taking islands in various parts of the world. and then after the 2nd world war we became a global empire. now we are playing on the whole billiard ah with.