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tv   News  RT  June 2, 2022 9:00pm-9:31pm EDT

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ah ah, care of admit russian and allied forces have taken the city or saved or done yet. little guns republic, ukrainian forces have little chance of reclaiming the city. of the u. s. encourage you to ditch russian oil. president biden appears to backtrack on his own pledge, bullying, buying the fuel at a cheaper price on china and russia. pledge to join efforts to tackle global challenges and mix up the world. order with the news here on our international one is peter scott. there the top stories for moscow time this friday morning. we start off this out with the latest on the war in ukraine. russia has reports, released stroke and industrial plants in the cock of region. these on verified
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pitches appeared to show the aftermath of the russian forces attack on the facility in the village of new the locals claim, windows, and doors in nearby houses were blown out due to the blast. there's been no official comments so far from moscow or here on the incident. you know, a fighting continues in the dorm buses look, guns, republic, ukrainian presidential advisors admitted that gives forces are likely to reclaim the city of sierra done. yet the city is believed to be almost completely under control of russian and allied dom boss forces, while ukrainian forces still remain on the territory of the cities as all to plant and industrial area. the majority of ukrainian troops earlier withdrew to the neighboring city of lucy chanced. the city is also seeing fierce fighting at the moment as they occupied. the strategic hides with ukrainian troops used to strike near by separate done yet, arts eager as done of send the letters update from the front lines. right now,
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the ukranian forces are trying to break free as they are besieged on the territory of the assault plant in the town of severed the nets. helping them out is another garrison in the town of lucy chance, which is just over there. you can see on the horizon there are plums of smoke. well, we can clearly hear the sounds of war. well battering all around as they are banging all around us. so this is what they were trying to do because the town of lucy chance, which is just over there. it is the last bastion of ukrainian forces. he and the le ganske people's republic, the town of several, the nets, which they have had to which they had left right now is almost under the complete control of the le ganske people's republics army. and while the russian soldiers, as well the only enclave still that is still held by the ukrainians by the ukrainian nationalist, nazis and well,
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regular soldiers is the territory of the assault plant. but while the, the living sector, all the apartment blocks are under the control of the russian. and while the allied forces negan the battle is happening just just down the street just literally just may be a few kilometers away from us. the us inflation rates has risen in all time high of 8 percent back in march, treasury secretary, johnny yellen, me assured the country this inflation was not a big problem. but sanctions against russia have pushed high energy on food prices further. and she's now backtracks ideology. her assessment of the economy was wrong . this is a risk of inflation. i think there's a small risk and i think it's manageable. i think i was wrong then, as i mentioned, there have been on anticipated. and lord chuck's to the economy that i didn't at the time didn't fully understand what a recent report from bloomberg found it's record inflation rates will have the
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average us household spending $5200.00 more on the same baskets of goods compared to last year. increase of over $400.00 per month, or both in march found that americans in the mountain states are experiencing even higher inflation, averaging over $500.00 in added household cost in january alone. from on this let's cross live now to dr. jack ross. miss professor of economics on politics at saint mary's college of california. doctor john, welcome to the international. now what are your thoughts regarding the treasury pictures of mission that she was wrong about the path inflation would take good? anyone have seen this come in? well, yeah, i mean, it was pretty obvious what were the forces building towards a more inflation late last year. we had all these supply problems, not just in the ports, but you know, within the domestic economy as well. and after that, we had a lot of companies and industries take advantage of the awareness of supply who didn't have a supply problem, but jacked up their prices. nonetheless,
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a good example is the airlines are recently erased prices in one month, 18 percent. and now they're cutting their flights a 100 flights a day, delta airlines. well, that's going to push prices up even more. you've got the food companies that are pushing a prices. you've got even the baby food, the problem there is really a major company added labs, credit india, you know it's production and then saying it can't get production going for another couple months. even know something as absurd as the number one maker of popcorn in the united states as they're going to be a supply problem and popcorn this summer. as people go to movies, more and more, i don't know, maybe i, we've already failed the corn harvested fort was even planted. i'd so you know, there's a lot of companies who are taking advantage of this. but on top of that,
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you've got something gray real and now that's the sanctions and the rising commodity prices and going on speculators and so forth. and, and, you know, that has to do with the war in the sanctions. that's overlaid on top of this all. and now you've got the u. s. companies who's productivity is pretty much collapsing and they're going to start raising their unit labor costs than the jacking up their prices as well. so we have a oh, series of overlaid of causes that are sort of coming together in a, a perfect storm, which means inflation is going to continue for some months. here it is. this isn't going to go away. ah, we did just mention the sanctions that you think about it, i'm efficient fully factored in the input solvency wilson sanctions. i think that in the impact that he could have on the u. s. economy. well, if they did, they didn't do very good job. but because they impact is much more severe than they want to say, i think biden thought that he could get other countries to start producing more oil
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for example. but he's failed in doing that. you know, he went to venezuela that fell through i and now he went to the saudis, and that's not going so well. and he went to usaa oil companies and they don't want to raise output either. so why, you know, he's scurrying around the world trying to get other con countries to raise their output because he's got the europeans a to impose oil sanctions. a natural gas is even worse than there. i've been trying to do anything about that. but there's other industrial commodities that are very key for auto production and steel production and so forth. industrial metals that come out to russia that, you know, just the shortage of that and shippers won't even ship the stuff because of insurance charges. so yeah, i think he underestimated that the, the impact and the long term impact of, of the sanctions. i knew it back to it's janet gallon. she did say that she didn't
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fully understand the problems. that's how the effects of the economy so badly. it's quite a mission that you think she should be reconsidering her position. well, she's not the only one as there's a lot of people in statistics and various government that aren't doing a very good job. you see their models are based upon how the economy looked, even before cove it and for a long time. they've been saying, oh, you know, the reason we got inflation is people have too much money. and a savings is too great. because of the pandemic relief programs, where all the savings rate has collapsed even below what it was in 2008 in united states so. so that argument doesn't hold water anymore. to some extent they are victims of their own false models and understanding and, and your opinion, what steps do you think the u. s. should take now to tackle that said reco high inflation? well, i think personally, yeah they,
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they should seriously consider it at least 6 months of a price raise the price control on certain products like gasoline. that's really taken a real, real hit to most middle class commuting americans. and they should do that with some food items as well, and that will bring it down. and you know, the u. s. has done that before. if they are, did that and truman did that. even nixon did that, but you're not going to see any president united states across swords with the oil companies now. now sunny very difficult times for americans and you know, people across the world at the moment. do you think this will be reflected in the polls and the ratings for the democratic party, and by and what do you think the future holds for the mid sense? well, you know, his reading by his ratings is, has fallen to 36. i've been predicting it's going to break the 30 mark here. i think the democrats are very, very deep trouble for the midterm elections. i,
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i think there's going to be a, a similar swaying in house seats that we saw in 2010. now, when the republicans simply took over, you know, both houses of congress. i think the democrats are in big trouble because they haven't really addressed the problems. and the people were aware of that. and instead of addressing the problems, you know, we get involved in this war half way around the world that really isn't in u. s. interest at all. and even the elite in the u. s. are starting to reconsider that. i think well we'll have to wait and see what happens in the mid sends. i'm a show we'll have you back on the program then to discuss the dr. jack rasmus, professor of economics and politics at st. mary's college of california. thank you very much. my pleasure. and made us record inflation to pay the blanket ban on russian oil. impulse is no longer favored by washington, was invited, has made a u turn and announced the u. s. could still buy supplies from moscow, but to the cheaper price our team. rachel blevins explains the changing metric so i
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house could be pursuing yet another change in policy as president by then now says he would consider reversing his own ban on russian oil. but just as long as the us and europe get a discount and russia doesn't make too much of a profit. so you have the, the issue is occurring now as you have europe deciding that they're going to further curtail the purchase of russian oil. and there's a whole lot of consideration going on about what can be done to maybe even purchase the oil, but at a limited price. so that it has to be sold, the re and overwhelming need for the, for the russian to sell it. and it would be sold at a significantly lower price than the market is generating now. now this is a rather vague quote, but it could be explained by the fact that maybe buying and getting ready to start actually tackling the soaring gas prices that we've seen all across the united
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states. over is important to note that this is a significant change in rhetoric from what we heard from the president, even just in recent months. for this month, i announced the united states man, all imports of russian energy making clear the american people would not be part of subsidizing putting the brutal, unjustified war against people. ukraine. we're banning all in ports of russian oil and gas in energy. that means russian oil no longer be acceptable us ports in american people will deal another powerful blow to put the war machine. now all of this kind of russian oil imports to the us have stored in response to the news that there would be a band. but even so, the u, as continues to call on europe to cut off its reliance on russian supplies and to become, quote, unquote, energy independent. however, officials have said that if you continue to listen to the us, there will be a long term impact that will be felt all across europe. this will destroy all
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european economy. there are no proposed solutions on dealing with what will be equal to an atomic bombing of hungary economy in the event of a possible embargo on russian oil imports. 3 use decision on the embargo of russian oil instead of harming russia, will tear apart all europeans at the price of $5.00 euros per liter of gasoline. now the white house has yet to get any clear direction as to what it actually plans to do, but by the latest quote signals that he could be ready to start focusing on americans and their concern. after months of focusing on ukraine, had his approval ratings remain your record lows with the mid term elections right around the corner. economist and also michael hudson believes about and finally turned his focus to domestic issues. the fact is, they reject russian energy. they're going to be a crisis, another economy that is even worse than you've seen so far. they're not going to be
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able to produce a fertilizer for agriculture. other crops will be down. they're not going to be able to heat their buildings so far. they're getting lip service and saying, well maybe in 6 months we'll stop, but i don't expect the united states to be able to hold on that long. the situation is much more complex than the mr. bite. and i realize obviously he was living in a fantasy world. he was hoping that he could just meet other countries and tell india and china and other countries. will you please commit to the same economic suicide that europe is creating to sort of help us fight russia? because we don't like russia? well, other countries are saying, why on earth should when commit suicide uniforms? there was no us economy and then we will replace out europe. america is not able to dictate the world anymore. the pakistan government is also
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seriously considering buying discounted oil from russia, but western lien and officials, they're all concerned about the 1st of us sanctions. but him on cons pots. the representative is question these concerns. if russia were to offer us boyd at a cheaper rate, and if there were no sanctions on pakistan to wire russian oil, been sure i would consider that the man as a liar. he says, after $45.00 days, we will buy oil from russia if there are no sanctions ignorant. man, there are no sanctions on purchasing oil from russia. ask india. so what's actually stopping him from buying other than fear of us? statement comes amid the new government's economic reforms that have led to a surgeon, prices for petrol, diesel and kerosene. even now phase for the economic challenges. amid the political turmoil which followed, the ousting of the former prime minister on con, the former leader was keen to improve relations with russia. during his turn, striking a deal for russian oil imports back in 2018. we heard from
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a sub tain ahmed dar research fellow at the center for security strategy and policy . things in my cons. removal made pakistan's difficult economic situation. worse. i guess i was offered recently by the russian counter boss during the cons administration that we are going to give you all and i guess with, you know, at least 40 percent less to what you are actually buying right now. but unfortunately, cons administration was dramatically changed. april and the current government is trying really hard right now in order to overcome those nomic crisis right now that is focused on these are facing right now. why? because a lot of investors are supreme god, vincent, run car, and then they saw what happened with con and these corrupt leaders. i know back in the business, they pulled out all of their money from the stock market and from the financial sector, which actually put a grid and tremendous pressure on the government because they were left with no
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money. cremeans most fin, dimitry, p. s. coff has said that russia's goals and ukraine will be achieved us regardless of western weapon supplies to care of which he claims will do the country more harm than good but not quite sure. when you're graham, the crane will continue to be packed with weapons. the most modern, i still do not want to talk about these highly undesirable scenarios when these weapons hypothetically used against targets on russian territory. this was significantly changed the situation and an unfavorable direction. filling the country with such weapons, especially motor wonder does not change the parameters of the military operations. the goals of the operation will be achieved, but will bring more suffering to ukraine, which is simply a tool in the hands of those countries to supply weapons. to consider when this comes as the threat of a larger scale war becomes a concern is after ukrainian m p stay to the russian infrastructure is a legitimate target for american supplied weapons. the remarks come after the us
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agreed to supply advanced rocket systems to keep if we undertake certain obligations, but no one can guarantee where the rocket will fly. there. earlier washington agreed to send a new $700000000.00 military aid package to ukraine, including advanced walk. it launches that can hit targets up to 300 kilometers away . the budget ministration has only agreed supply rockets with a maximum range of 80 kilometers. let's still double the range of the how it says washington has been supplying to key if and will be enough to hit the russian territory with only 70 kilometers, separating ukrainian city of harker and russia. belgrade, located near the border. the pentagon says keith has promised the weapons, won't be used to targets russia and us despite the us defense secretary previous. i've mentioned that they had little information about how the weapons are deployed in ukraine. anything they're doing on the territory of ukraine is defensive in this context. they own the formal assurances that they will not use these systems to target russian territory in terms of our ability to track the weapons that are
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going in. as you know, we don't have any forces on the ground. so that's a difficult for us to do. reports also now emerging that the biden administration is discussing, sending new drones to ukraine. the great eagle can engage both ground on death targets up to 11 kilometers away. they can also fly up to 30 hours, gathering intelligence here was previously supplied with turkish drones, although many have been taken out by russian air defenses. reportedly. in the meantime, many include in simple, do share concerns on whether these weapons will end up in the right hands. criminal groups try to exploit these chaotic situations and the availability of weapons. these will be available on the criminal market and will create a challenge. we should be alarmed and we have to expect these weapons to be traffic not only to neighboring countries, but to other continents. a lot of these weapons are going into the hands of the as of italian and the other near nazi groups that,
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that are now part of the ukrainian military. and we have no way of knowing how they're being used or that could be sold for that matter and, and maybe even sold to a terrorist groups. we have no, we have no way to judge what the an use of those weapons are. and these are rather sophisticated weapons, even small arms and given the volume of weapons that have been sent, there is no accountability. and this is a, a, another prescription for disaster in the news, china and russia have pledged to work on a united approach, responding to global challenges. calling for continued partnership and promoting democracy. monopolizing the definition of democracy, imposing values and interfering in the internal affairs of other countries under the guise of democracy and human rights as unpopular and will not succeed over
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china as ready to work with russia and the international community to promote true democracy that is in line with the national conditions and public opinion of all countries. in such a difficult, critical time that the world is going through to day. a comprehensive, strategic partnership with the people's republic of china remains among the priorities of the foreign policy of the russian federation. the experience of joint work shows that our ties have an inexhaustible potential. daniel conference on russia, china corporation, focused on countering perceive threats from military alliances like nate, so in orcus, as well as the western sanctions, policy and the damage it's created in the global economy. well, victor, gao, vice president of the center for china and globalization thing. thank outlined that in the modern world countries sometimes like mutual respect, those china and russia contribute to global economic development. each emphasizes independence very much and each emphasizes cooperation with other countries. and
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both of them are testing to play important role in the world of today. and we call for peace and focusing on development rather than war mondrey, no country in the world has a monopoly all democracy. as a matter of fact, democracy should suit the special circumstances of the countries. it is applied to horribly country like china. of course, we'd need democracy. of course we have to proceed in our process. however, our democracy is very different from that in the united states, often omen. the other churches was therefore we embrace democracy on the one hand. and we promote economic and political development with our role special tasks. therefore, i think countries need to respect each other, rather than using their version of democracy and accused other country as if they have a monopoly of democracy. that's not the case. and that should not be the case in
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the world of to day countries. d to respect each other wrong, then tried to overthrow each other. the pentagon's head of cyber command has confirmed us. miss jak, his are conducting offensive operations and supports of the key of government amid which is offensive in ukraine. we've conducted a series of operations across the full spectrum, offensive defensive and information operations. we went in december 2021 at the invitation of the key government to come and hunt with them. we stayed there for a period of almost 90 days since the beginning of the conflicts in ukraine. russia has been targeted by cyber attacks and data leaks on an unprecedented scale. which officials condemn the increasing number of packing attacks against versus state institutions and countries. critical infrastructure versus foreign ministry issued a statement, claiming that the attacks carried out from abroad were mainly linked to north america, u and ukraine. earlier, we heard from scott with
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a former marine corps intelligence officer on the issue. there's no doubt that this is a cyber war, i mean, unless, let's pretend that it has been going on for some time. it's been limited in scope and scale. oh, we're not talking about, you know, full fledged cyber warfare. but you know, he, he hinges what's going on. he said we went hunting of them easy, they sat down and check with their ukranian counterparts. and i believe what they were looking for are the hacking tools of, of, of various russian now or russian affiliated a. you hacking groups signed a chat about before they, they can attack this if this operation was working. if united states were seen. um, you know, great results from this, you wouldn't be hearing a word about this. i mean, cyber, some of the most secretive, well operations undertaken to the fact that a 4 star general is speaking to a foreign press outlet ragging about capabilities means that um, it didn't work up. and so they're trying to think they've now they're going back on
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their information warfare aspect, which is the trying to spin, failure into success. believe me, it was succeeding, we wouldn't be hearing about even the fact he's talking about it tells me they failed. they felt big, and this is a desperate effort to spin failure to success. a therapy a full $25.00 am moscow time. do you head over to the website from on any of those stories? in the meantime, i'll be back again at the top of the hour with another wound animal, the least. ah, ah ah ah
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ah. writing for the pages of the new york times, joe biden says he does not want a nato russia war in the same article. he was unclear how the conflict in ukraine should in negotiations, do not appear to be a high priority. in the meantime, the you agreed to a 6th round of sanctions. all a wild ukraine is losing on the battlefield. ah, ah,
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a with with both both the models you need to do with a, a, a, a, a, with
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a personal number. with you today i'm authorizing additional strong sanction jump is on jordan. thank you. let's glycine so the social will be more russia. the special military operation in ukraine has triggered a wave of anti rush and the sanctions from the west. and it keeps coming up with new ones almost every day. this package will include financial sanctions that harshly limit rush us access to the capital markets. foreign companies quitting russia. atm cause bloating banks, disconnected from the international payment system shop to ations, antola and euro exchange rates followed. can russian business overcome this nap when i check up on a couple more so show guardsman would know. yes sir,
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i am on the cello modification. when you find my list, the dealers are all sure. same material with other responses or what he meant that he woke up the pillow on the cell is the current. can you say fancy near i bought denazi's to huddle. she instrument that i am so mother he took to my of the godmother ponied my arc nor was more misty. so we'll soon the issue of miss lou. 2 of the is at the schools with suitable boy was. so she came to study the goal of some was losing them, a new computer. this little level of this, of to mr. just be good from somebody moving what kind of exhibit mccook with the shipping of his metal. so you think soup also is something to bugs that about it is it to us or would usually submission due to sanctions, foreign clothing and shoes, stores in russia, closed one out for another. a times customers formed huge cues. in many cases,
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foreign companies decided to stop working overnight, creating even more panic. i shoe shortage in russia. we went to douglas down, looking for an answer, where some, 600 entrepreneurs are in the shoe business. moran july of is one of them. so, so he was cut off with us. those are the interest published people because before we shoemakers they're going to hard times worrying about shortages of materials imported from abroad reserves on them loose from getting the plug. simple sort of mazano toxic to the mobile with new thought women the nic, what could completely shut the plays also, the fornia poodle, some more female, lowbrow, both could cause a clear acoya nod. what's it short or that which i'm a traditional grain. you were so noted, was she more sim august jenica terrible if did you stand on yours as i could, the any near to the solid non cellar resources more? she saw shuttle nauseous, nauseous, of course. it's me a passing little book in.

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