ah, hasn't been piercing phase. russia of gas ag forced to europe should now be paid for in roubles aiming to stabilize the currency while ditching the us dollar in international trade. nobody has that issue. so i decided to implement the sets of measures in the shortest possible time to transfer payment from that for guess, applied to our friendly countries into russian roubles and ukraine, russian lead don't yet. republic forces say they've taken control of more than half of the embattled city of mario it intensify. think this included raids of civilian buildings to sweep out ukrainian. troops hiding inside and washington steps of pressure on china to join the us. lead condemnation of russia with beijing standing firm on its neutral storm. despite threats that the american sanctions

against china's economy. ah, a one welcome you, watching aussie international with the latest news update. thanks for joining us. our russian lead forces are pushing deeper into the key port city of mario po, which has been seeing some of the heaviest battles of the conflict in ukraine caps troops including the notorious, near nazi as of battalion or refusing to give up even a single building without a fight. the onslaughts has already led to what was being called a humanitarian disaster in the city. you might find some of the following images distressing. 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. on yes,

were public troops 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. some residents who have managed to escape speak of atrocities, allegedly committed by ukrainian troops. oh, can you be here who debussy, what did i? but i did hear this delay, nation national fidelity, not grindsley g void, typical really little. minimize the route. what do the, what do i look for the well, what, what is put up a new fear with 3 of them that was a sure i thought you feel grandma walker through obama wardrobe. you, let's perform who's getting put into this group. now we will sort of really, how long is that we'll, we'll get on to let you, maria, will you via ftp 230 with we 3 will video. i'm usually vide

yahoo. you theater because you know, she was through that for you with him with him to it, it will be the period on, you know, who them would you do? you barbara, you 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 demilitarize, the state. russia's defense ministry has released fresh portage of some of its high precision weapons being fired away, including caliber cruise missiles launch from a russian navy ship at an undisclosed location. plus, they've shown pictures of boston coastal defense without being fight also for to be talked in ukrainian military sites on moscow space agency has announced it will draw up international contracts in rubles from now on the road. cosmos decision follows vladimir putin order to take the russian currency for gas. they exposed to, quote, unfriendly countries blue peninsula senior. so i decided to implement

a sets of measures in the shortest possible time to transfer payment for a natural gas supplied 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 excepted, 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 in foreign currencies had deteriorated because a number of countries illegitimately decided to freeze russian overseas assets. but mostly musical. if you need you 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 every one 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,

so vladimir putin statement there and they do not seem very excited to start paying and rubles 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. now 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 date, we'll wait to see what happens that don, thanks to come in with the da's house, that's not his on quota. while austria is film, a foreign minister told me the current di dollars ac did the d dollarization just rapidly space that the existing global trends? it's all about an acceleration of something that goes there 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 thanks 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 station, it's not something that will happen now in a very swift move, but it is a regional thing that extend the reading like it was the example of saudi arabia

and some other or sellers we have had that in the past, even when the case was iran wishing to move out of the dollar to do euro find stance. so 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 the new chapter of world trade. countries are now moving to d. dollar arise, 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. and to russia, sanctions seem to backfire prompting the entire will to reconsider the financial policies ban on dollar bank notes, export 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 then importing 70 percent of its oil and embargo hit it hard to got themselves against the possible oil shocks of the future. the nixon administration off at the saudis a deal, the u. s. agree to supply the saudis with military aid and equipment. in exchange,

saudi arabia agreed to accept the dollar as a de facto means of exchange in the oil market. from that moment, every oil contract with saudi arabia had to be priced in the us 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. every one wants to grab a bite that you may only use a plastic spoon, no steel or wood, and allowed convertible spoons in exchange office pilot more for the future. sounds unreasonable. let's kind of want a picture. dollar is like for 1974. the i 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 boosted demand for the us currency. oil importing countries began piling up dollar reserves to minimize currency volatility risks in the future. oil purchases, 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 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 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 were by 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 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 to russia. sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to deal dollarization initiatives. you on jumps after report on saudi's wing it's use in oil deals, india rapport. we 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. the trust in the dallas stabilizing wall 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, now we look at how one of the world's biggest oil exporters, saudi arabia is looking to ditch the u. s. 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 sites these repairs could take weeks where the oil outputs expected to drop 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 fumes those from the sewage to do the afford. in of boil of the marine terminal has been completely stopped. water treatment plans have been commissioned as we have identified the damage. 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 agreeable 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 da, which has not been done since we have faced an unfair attitude from our foreign partners in 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 ny vaccine, moscow as closely monitoring in the repairs. but the incident does mean that oil exports will be drastically reduced for weeks. most of the good news needed to have stood zoomed in the road. this is a serious negative situation for the global markets as a whole, because a large volume of oil was transported to world 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 or completely stopped from the you. 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, then they withdraw this demand that present couldn't 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 been 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 the 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 the 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 master balance phase. it's unclear what exactly the retired, which is politicians are expecting to achieve with that petition is still frozen 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. but they still think it's a great game going on in century. i mean, why, why should one such comments or why gordon brown or any british politician? seriously, they don't rule the world no longer the british empire. they're 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 republic street 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 in the base. it is that he had invaded your game than those who invaded iraq and libya and syria and got his thumb. and they also walked in washington have stepped up, is pressure on china to condemn and sanction russia. however, beijing is arguments, 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 in ukraine is the latest complication. the old cold war strategy of containment will not be viable in this emerging multi polar world. despite those comments from singapore, the u. s. isn't backing down and trying to influence china stance on russia,

going so far as to threaten sanctions against staging high tech economy. his paul, asleep 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 is ng, 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. this is a complete betrayal of democracy left all mean to lever 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. my lines and smears china and wantonly imposed restrictions on chinese officials. deep off of what the whereas, 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 ascension russia, the result 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 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 where to blevins

explains after years of involvement in the middle east, the u. s. now appears to be losing its 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 was 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 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 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, posing 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 cent 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 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 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 u. s. hasn't tried to use the current tension. who are the boards even noting that the vitamin ministration sent a new batch of weapons to saudi arabia after denying them last year? but every 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 almost going to say it's, it's a shame that the international chess federation has suspended russian grand masters carry. i came from competing in their events as over his support for most goes operation and ukraine. the 6 month suspension was announced off the cardiac consent, an open letter to president, who said, forcing his support for russia's actions. but the international chess federation claims that such rhetoric is damaging for the reputation of the sport nicknames the

minister of defense cardiac and became the youngest grand master at the age of 12 and went on to win the chess world cup in 2015. he also became the champion of several key international competitions over the years, because he, i can says he remains committed to his support of rushes moves in ukraine despite his suspension from global chest. when you, 1st of all it's not just 6 months of my life and not an opportunity to just sit at home doing nothing. i've been selected to participate in the candidates tournaments, which is the most important term for every chess player. it has a very tough and difficult selection that i passed 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 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 that sport is outside of politics. the winner is the one who plays better, not the one who is appointed by officials when he thinks keeping his company here in arty international for all the latest update, she can keep it on our website, r t dot com. ah no. when i was showing wrong, when i just don't move, you have to figure out the same, becomes the advocate and engagement. it was the trail. when so

many find themselves worlds apart, we used to look for common ground in united states is always had a variety of tools, news, and tags on other countries. we have a responsibility for the whole world. and we need to make rules for the rest. because without us there will be with

flow.