a use to proceed for school in the city and the list of all, but each with ah a we must further advance or modernization drive in terms of national defense and certain chinese military and great wolfstein . teaching thing delivers closing remarks that the countries on you will 2 sections . political events say that while the nation has been bullied in the past. modernization is the key to future challenges with the head of russia is a wagner. private military group says the battle for a key ukrainian stronghold is intent on a ukrainian commander admits that russian troops are closing in and to 5 routes are being cut off financial markets and aid europe falling on global concerns of a domino effect from the collapse of

a u. s. bank by washington tries to calm the waters saying clients will get some of that money back. and iran now to the plan to issue some $6000000000.00 worth of bonds back to buy. it's all reserves and propose is cooperation with saudi arabia to develop its resources with monday, here in moscow, just after 2 pm local time, the week is certainly kicking off with a bunch of development. so let's get straight to them right here, one out to you. and so chinese liter gigi, and paying as asserted in a speech to parliament that it was only recently in the country's history when it was semi colonial eisen bullied by foreign powers. but now the nation is ensuring its sovereignty and protecting his national interests. jim value hole in modern times, china was reduced a semi colonial, semi feudal society, suffering from bullying by foreign powers. it was rife with conflict. it's people

were subjected to great pain. we must further advance our modernization drive in terms of national defense and cern shyness, military into great wall of steel. it effectively protects our national sovereignty, security and development interests. we should strive to advance the one country to systems policy and achieve national unification. the, well, the chinese leader was speaking at a key political event culver, 2 sessions with chassis in several fresh appointments to the government. as he himself making history. he's now been elected for a 3rd consecutive term. a new defense minister was chosen as well. li shine fu who has been on a us sanctions lists and 20, and so i should say 2018 for allegedly buying russian military equipment. and the chinese president also emphasized that his country is focusing on global multilateralism. as a main principal, there was new political course. surely zavion wishes hold high,

the banner of beast, development corporation, and mutual benefit. we should always stand on the right side of history, just multilateralism and observe the common values of humanity. we should actively participate in the form and construction of a global governance system. promote an open economy and further advance a global development initiative and the global security initiative. so all over now to see duty and correspondent, jo josh, shin i speaking about the historical context of china's one country to systems policy in 1895, i asked my memory so as well. ah, we had the sino japanese war. then we lost taiwan. we so time and then return to our republic, china, or before the new china, which was founded in 1949. so this is all about what prison she was talking about because china was on invaded or colonized. she woven gentle

national unification is to share desperation. of the sanson daughter, so the chinese nation is the essence of national rejuvenation. we must implement our policy overall policy for resolving to tie one question, uphold the one china principal and stick to the 1992 consensus. island agents believe that any country must recognize the government of p r. c. the people's republic of china as the sole legitimate government representing the whole china. if you go back to prison, she's speech of this morning. he's dressed as sole efforts in advancing the practice. one china policy and one country to assist him in the cause of the national unification. so he also stressed the need to fully faithfully and recently implement this policy under which the people, hong kong administrative, hong kong and people of macau, administered my car, both with

a high degree of autonomy. so what does the mean friendship for taiwan? so if china, he's now making better efforts to to achieve what it paging cause the national reunification, it means that beijing will also, you know, maintain some talks to make sure that taiwan would also enjoy this high degree of autonomy as what hong kong and macau are now, doing to the front lines now of the republic where russia's wagner group has been spearheading an assault against a strong hold of ukrainian troops in the city of our chum off schools. and in his black mood at the head of the rushman, the military group says the fighting has become more intense with kiev sending reserve forces into the battle from all different regions from the country. the baltimore. i'm fabulous. could you say the situation is difficult, very difficult, the enemy is cut throats fighting for every meter. and the closer we are to the

city center, the harder the battles ukraine's throw an endless reserves. we are moving forward and will continue to move forward. we will not dishonor the glory of our russian weaponry people could. i mean, the wagner manager group says that russian forces are currently just a kilometer away from the city center. the air is being a focus of intense fighting for months with the entrenched ukrainian troops. now almost fully surrounded, a commander of one of the ukrainian units has admitted that its military supply routes are being cut off by the encircling russian forces. whereas who me a more sure modern, booker, it's hard to hold every building. there is a particular danger that the neck of the cauldron is no more than 4 kilometers. without logistics, there is neither a rotation nor a supply of ammunition. we understand there may be repeat over the balance of colds . the situation where the roads are cut off and an intentional withdrawal of troops can endanger during tar colon. this ukraine's president the landscape, excuse me,

is claiming now that troops are being called out from the direction of zappa rosary to reinforce our jobs. that's as our key of government has been demanding even more weaponry from western power to keep up its fight for the city. ah, thes eager to stand off now tells us how russia's advanced weapons have enabled its forces to gain significant ground. western countries have approved traunches to tranche of their weapons and equipment to ukraine. so russia has had to raise stakes to some of russia's newest combat vehicle modifications are already here in the dumbass and they have already been tested. had their work has been proven on the battlefield quite a few times. ah, the vehicles tracks a spew dirt on us as it storms past towards the front line to cover infantry salt teams. it's how doesn't offer much protection, but what it lacks in armor. it makes up for in speed and fire power.

ah. with it's designed to blitz the enemy released the smoke bombs and disappear. the crew tells me this amphibious infantry fighting vehicle has already met its match in the dumbass. the proudly american bradley's from the most recent shipment are already here. when the studio will show up is navarro our new airborne combat

vehicle. the b m. d for is an excellent machine, works like a dream. of course the caliber pleases me. it is good against large clusters of opponents and strongholds against light vehicles. and it's also good against bradley's. it has excellent speed and low fuel consumption. the machine has proven itself, especially on the front lines. it has a high rate of fire. the ability to shoot from close positions. we use the b, m, d every day, send greetings to our opponents and do not let them relax. moscow has been repeatedly calling on the west to stop military shipments. stop the escalation, all russia will have to match it up a user. the west is called to inflict to military defeats on russia. they need to pump weapons into crate, including those that can hit russian territory. president zalinski has publicly requested such weapons. we have strongly warned the west against providing than it is effectively waging a proxy war against russia using hands bodies and minds of ukrainian neo nazis. but long range weapons would drastically escalate the conflict,

and i sincerely hope that the fi reasonable people in the west understand that this ifd is only one example of russia's new weapons deployed to the with the theater brand. new t, 90 tanks lurk in the woodlands, groans sure, in the skies, faster and more powerful missiles hit ukraine's infrastructure. d behind the lines . but the power of rushes biggest and most lethal weapon so far has only been unleashed a drill sites on my gosh, darn of reporting from the dumbass r t. meanwhile, hundreds of people are taken to the streets of a town in central germany to protest against sending weapons to ukraine. there also demanding an end to the conflict that they marched through the bavarian town waving flags and shouting, and he was slogans. for example, they held up on him sang, i'm at peace with russia and ukraine, but also weapons do not bring peace. a germany has repeatedly provided military

anger monitor and a to ukraine. since the conflict erupted last year in germany announced 2 months ago that it would send a new package of military aid to kia and the amount of $1000000000.00 euros was still kia, has been complaining about, of lack of weaponry and has been demanding even more so asi contributed out rachel moss and has more and how key have top diplomatic, criticized the german government for not spending enough with the ukraine. foreign affairs minister is lashing out at both the german government and the country citizens. in a new interview with german media built to meet your collab bass, said that germany is still not sending ukraine enough weapons. i think germany could really help me with ammunition including artillery ammunition. we sat down with ukrainian representatives and the german alms industry. and the german industry in my presence asked the german government for one thing to sign contracts saying that they were ready to deliver. so the problem is with the government,

so there's a total lack of appreciation here for the fact that already german chance or all i've shoulds is going way out on a limb and risking blow back from germans by loading ukraine up with german weapons . labor also took aim at german protesters, taking to the streets to demand peace, suggesting that by advocating against more weapons deliveries and favoring negotiations, they just want more ukrainians to be killed. he says, except that shipping ever more weapons to ukraine clearly has not led to peace. instead it's ratcheted up the conflict. juergen towed in. hoffer, a former sherman parliamentarian and arms control policy spokesman for the christian democratic party under former chancellor helmut kohl called the ukrainian foreign affairs ministers. comments outrageous on social media, he added that germans demanding peace, want to prevent exactly the kind of violence that cru, labor accuses them of inciting. no country in the world has received as many gifts

from germany as ukraine. what i don't approve of are the constant insults by the ukrainian leadership. the 2nd most corrupt country in europe is not our moral coach . recent does suggests why germany's politicians like tutton hoffer could be growing more confident in speaking out publicly against continued escalation of the conflict. public opinion seems to be headed in the same direction in germany, 43 percent of germans. now figure that what's going on in ukraine is really none of their business. and that's up 11 points from the previous survey. according to a january ipsos pool and 80 percent of germans told in january for is a survey that they want to conflict to end with negotiations. and all that is just so far removed and disconnected from the western establishment. rhetoric calling for doing whatever it takes for ukraine to win on the battlefield. incomplete, reckless disregard for the ongoing loss of life on all sides. the longer all of

this drags on. the big question now is how long the disconnect between western leaders and the people they're supposed to represent can actually hold asian financial markets of tumble them. it concerns about a global domino effect as yet another us bank has collapsed new york based signature bank and more than a $100000000000.00 and assets at the end of last year. which has been shut down by u. s. regulators along with california based silicon valley bank of the us treasury has said they would be no bail out, but has reassured effect a class. they will be getting their money back for their security deposit as well. a u. s. president joe biden is expected to give a national address about government efforts to maintain the country's financial system. the top 4 largest u. s. banks have lost more than 50000000000 in market value since the recent news of the collapse of silicon valley bank. and that california based lender was tightly involved with tech companies around the world,

a particularly raising concerns for its clients. also in the u. k. a desperate clients, i mean, lining up to withdraw their funds from outlets over the california based as we b. so ortiz, marina cause revenue explaining in detail what has caused the banks downfall. it's make it work time for everyone associated with silicon valley bank. investors are panicking. tech companies are panicking and experts here that i could snowball into a new financial crisis, including former us treasury secretary lawrence summers. it certainly is going to have very substantial consequences for silicon valley, for the economy of all the insure ah sector which has been dynamic. unless i, the government is able to assure that this situation is work through. they do us government says it's all that joe biden and the governor of california

already discussing efforts to address the situation. over the last 48 hours, i've been in touch with the highest levels of leadership at the white house in treasury. every one is working with federal deposit insurance corporation to stabilize the situation as quickly as possible to protect jobs, people's livelihoods, and the entire innovation ecosystem. that has served as a tent pole for our economy. and if that doesn't work out, maybe in mosque can save the day since he's already sweets. it that these open to the idea of buying the bank. so what does s v be exactly? well, it was founded in the early eighty's and provided financing for almost half of us venture back technology and healthcare startups. it was one of the top commercial banks in the us, with $209000000000.00 in total assets. at the end of 2022. so what happened or eslie b didn't expect the federal reserve to raise interest rates last year,

which resulted in a losses for the company. that's coupled with venture capital drying up and high bar and costs proved to be the perfect storm as to be was forced to sell the entire bond portfolio, which resulted in a huge loss. and then they announced that they wanted to raise 2000000000 fresh from investors who said no thanks. the next day they're on on the bang happens and $42000000000.00 were withdrawn, leaving them high and dry. good morning everyone. silicon valley bank is getting worse. customers trying to pull millions of dollars out. and kent online banking in mobile services, showing unavailable for some customers, stuck down 60 per cent per market. if the bank fails, it would be the 2nd largest bank failure in u. s. history. the ripple effects of the crass are being felt only at home, s a, b z u. k. subsidiary has been put into insolvency and the u. k. government is now

urgently figuring out a plan to try and minimize the damage to some of the countries most promising tech firms. and all this comes after a cry for help from about 180 tech companies who sent a letter to you. kate chancellor, jeremy huns, colon him to intervene. the losses deposits has the potential to cripple the sector and set the ecosystem back 20 years. many businesses will be sent into involuntary liquidation overnight. this crisis will start on monday and so we call on you to prevent it now. and it's not us in the u. k. s. we be had branches in various countries including canada, china, germany, and israel. the concern is that the bank's failure could wipe out stops around the world. in china, clients were being urged to stay calm and told that operations there are independent and stable in brazil, founders of sod ups were the 2 hundreds of millions of dollars. as soon as word got

out of the imminent collapse bots, not everyone managed to get their funds in signed with a reported $10000000.00 up in the air, you know, who did manage to withdraw money in time. s lead these chief executive officer greg becker. he sold $3600000.00 of companies stock less than 2 weeks before this all went down. another interest, in fact, as phoebe's chief administrative officer was none other than the cfo, all the lehman brothers. you know, the largest bankruptcy filing and u. s. history, which has thought to have played a major role in the global financial crisis of 2008. yep. that one. so how did it get to this? well, se be didn't even have a chief risk officer for almost a year. and when they finally replaced the old one, this january, the new one seemed more preoccupied in promoting every liberal calls out there,

rather than focusing on the train right ahead. should our water cutter clear how severe the fall out will be? turns out the majority of us to be deposits weren't even insured, which takes things to a whole other level. everyone is now on guard, hoping and likely praying that governments intervene and saved them and themselves for that matter. because we all know by now how one bank collapsed could lead so worldwide economic, correct. so let's just hope that whoever is fear in the solution here is not a crash, has dummy let's say that. so now here are the program i joined, alive to economist dr. toby for his joining us here on this program when are you into national a very well welcome to you. so thanks for coming on. so let's keeping up with the, the headlines here, s t v b signature bang. the failed shares and asian banks are also heading down as well as markets open in the east to 20 past 7 in the morning. now in new york, what do you expect asians, when all the markets open up in america today?

oh, thank you for inviting me. i think it's going to be a specter because it is a sad reminder of what happened in 2008, 2009. and i stuff just had one of the chief class in the b was also from lam. i'm, we, i remember then what happened with, lemme best fans and so on. we both tilting to the global financial crisis, all the great recession of that, of that period. i'm at this, this has been quite dramatic and that to top, many in silicon valley also used cars for worried because the kind of stuff paid we, we saw i'm when, as the be posted, that i mean declared was going to post the loss of $1800000000.00 on the kind of time period we saw. it's what would have expected in some back. what's our economy wouldn't, but i mean, it is what it is. and, and so yes, marketers become chaotic. i understand that in the u. k, it's as b, c has made a,

b for b, maybe b as the b u, k wing and so on. and of course, you've also part of the nation. so markets are going to topple and for now, but i believe as usual, that the fed does good to put up some sort of bailout for, for the pent up process even faster. maybe we'll go into liquidation is what the feds all a fetish already jump in, but i do apologize, but you think the fed is going to do some sort of bail out here. days off and janet janet yellen said no bail out, or biden was saying, no, we'll bail out. so you think there will be a bailout? yeah, i think they'll be some sort of back door range. like what did usually do if you study what happened in 2008, 9, the going to talk to bang school, take them out, maybe on the cheek and so on. of course, that's going to have some article greats and effects in the market, but i believe that they'll do that because people financial markets find it easy to get head. you know,

the part of the markets that don't get it easy to get ahead of the smaller retail markets and so on. when the average design has some issues, like busy, we're told to go back to market forces or whatever happens to the markets for what we get. but in this instance, because these are big financial markets of cars, the kids will be that the systemic risk eventually be, goes down and it's not bailed out, like layman. perhaps someone will say, well, wait with it, you know, not a financial price. of course, we're still trying to money some of the fall outs of coal v. that's where it's supposed to have a ton of a global depression if you like. and from find financial crisis, none of the bias could handle this already. i mean dr. facility, none of the banks could handle this already. even before cove it, they didn't have the funding to handle essentially what the looming crisis on the horizon then cove. it happens all these central banks hemorrhage, their ability to deal with the markets. and here we have what some are calling

a domino effect. dr for us to a is this a domino effect we're witnessing right now with a collapse of sb be bank in signature bank. well, i don't think it's got to a domino yet. what is going to be a domino effect? if we, if, if we see a scenario where the button goes down on the other banks, contin, it's a tumble, then it'll be a domino effect except were saying, what i understand about the, as the b, b actually be to invest in government bonds which weren't given them as much yield as what their customers are demanding from them. and then they tried to sell for anyone, $1000000000.00 worth of funds and take a lot of on $1800000000.00 on of cars. that information wasn't well money. the communication wasn't well money resulted in the, you know, people trying to withdraw all the funds and then they couldn't cope with that. you know, now that's the systemic risk. you know, if it's not well money going forward. i believe that because it's still one back where hearing about except if not, let me the thing is i'm kind of

a distinction between these 20089 because this been the investment in many exotic instruments like we had back been friendly to fall, swaps on that, you know, also some stains that i've had something about gauge. awesome. what get bonds involved in this instance. if there's a static problem in that regard, then of course it results in a domino effect. a professor, i'm sorry, sort of jumping. i do apologize when you got such little time, but it's really good to have you on the program today. so i apologize for jumping in, but you may have mentioned a moment ago about maybe maybe the u. k. broncho hsbc might look to global up some of the smaller banks that are essentially falling to pieces right now. could that be the next step or? and also i want to ask you as well, do you think with a collapse of these couple of banks right now in a party? there's a 3rd mostly crypto bank called silver gate, mostly crypto that's already apparently collapsed. well, i mean it's just like emblematic symptomatic. i mean, is this

a reflection of the state of essentially the western and world economy today? i me, should we be legitimately concerned about what's happening with these banks? should be yes. i mean, you're given me additional information about the southern crypto bank called so i, i didn't have that information but the just given me now i think i think we do need to look in that direction. i mean, it was for me, i think it was. we might need to be to be an intended crypto lapse that could have resulted in the financial markets and financial prices around the world. we might be a couple of months back when, you know, be playing collapse as well, but it did not translate. it was just as well that banks around the water not fully integrated into could the current fees and leverage done if you like, proprietary trading on, on cripple currency. i mean, where from we almost jumped into that problem and that would have been the states

in a waiver, if people, bonds are now having problems and as the back of this, you know, s a b as the thing. then of course, we need to be very critically looking at what's happening. we all have such a bonds about same text if you like, and so on to see what's up in, in the universe. actually it's because if a dog feel over into traditional banking and finance, then of course going to be very stable for the world economy is going to be devastating for the well, the economy and devastating for people like you and me because that kind of stuff rolls down a hill and it's always a little guys that get hurt at the end of the day. doctor co pay for through a economist entrepreneur joining us here. we'll see. great to have you on the program. thank you very much for your so iran has proposed plans to develop oilfields with fellow bricks, hopeful saudi arabia of its coming right on the heels of the former regional rivals,

agreeing to re establish diplomatic relations and a deal that was broken by fellow bricks, men, but china walter on it that was so proud to issue billions of dollars worth of bonds backed up by a reserves to help fund the industry back. hello. this is definitely the recent development regarding the resumption of our ties with rashad will help develop the joint fields with our neighbors. we have proposed that the development of these fields be done by both countries. the chair, the fields in the old pack in opec plus meeting, we have very close approaches with saudi arabia, with regards to oil exports. fortunately, the decisions that have been made at opec in opec plus, over the past few months, were all a result of joint deliberations between iran and saudi arabia. the petroleum industry has always been vulnerable to global developments. and now the recent rapprochement between iran and saudi arabia to opec members could fundamentally

reshape the outlook for the oil market. besides bridging their political disputes, did one and re of are also expected to resolve their differences in the energy sector. a casing port is the disputed altura arrest gas field located in a disputed maritime area in the persian gulf, which has not yet been demarcated to iran is critical of quite a saudi arabia's exploitation of the field saying you're on also has a stake in the area believe to have an estimated half a trillion cubic meters of proven gas reserves for energy hungry china, mediating between teheran and re off to improve ties between the states will help ensure its energy security as the world's 2nd largest economy. beijing is heavily reliant on foreign oil and gas. figures show that more than 70 percent of the countries oil is imported. measuring has been a major buyer of iranian oil, even at the height of the west's economic pressure, i guess to one. it has also been saudi arabia's largest oiling porter. it to mean

on by the raining, saudi resumption of ties would increase china's certainty regarding the oil market and improve its access to crude oil. the move will also increase the supply of oil from the persian gulf to the east, and this will reduce oil pr. this is china leads the market in terms of oil demand . when the u. s. crap, the 2015 iran nuclear deal with world powers. it fell to bring terrance crude sales to 0, but this did not happen as a result of china and russia, continuing their business with iran against all odds. now china's latest move is believed to offer both iran in saudi arabia, a host of new opportunities as to energy powers, use of to roddy r t to run one of nigeria most prominent business, women who are managers, the african countries largest port system is to cry the problem of stereotypes in the workplace and called for greater gen.