libya and iran, which is very, very important. so viewers across night, we'll see that next week. as all the time i want to thank our guests in st. petersburg and in budapest, i think our viewers for watching us here are tv next time. remember, prospect goes, ah, the me, after to us things to collapse over the weekend, the new york stock exchange screening and a handful of banks docs that are crashing president, 5 and tries to calm the waters for sharing americans that their money is safe. russia agrees to extend the black sea grain deal for 60 days, which was set to expire this saturday, but says the west needs to prove as ready to hold up its end of the agreement. the trade minister to the united arab emirates to tell the u. k. to tone down is complaint about human rights abuses. if one wants to make big money deals in the

region, the coming to live from the russian capital. this is our t international. i'm rachel blevins here with the top stories of the our welcome to the program. following the silicon valley bank collapse that's dominating financial headlines, contagion, peers spread shares and a number of banks crash and have their trading called that on the new york stock exchange. those effect it include charles schwab, western alliance, and 1st alliance, 1st republic bank, and the number of others. the list is growing. the crash is occurring while president biden sought to reassure americans that their money is safe, but refuse to engage with the journalists after he delivered his statement. all customers who had deposits and these banks can rest assured, i want to rest assured they'll be protected and they'll have access to their money

. as of today, that includes small businesses across the country, the bank there, and need to make payroll pay their bills and stay open for business. no losses, and i'm, this is important point no losses will be borne by the taxpayers. let me repeat that no losses will be borne by the taxpayers when the president, what do you know right now about why it has happened? and can you assure americans that there won't be a ripple a past? due balance of evidence should all the positives be protected at all by my colleague, worry sushi spoke with our key contributor chris and who took us through the situation and what it could mean for the global economy. silicon valley bank. i don't think anyone really heard of it outside of the tech industry until friday. really been with this news broke. a lot of people just to explain the views at home . most of us know how banks work, but some people are bit unsure. so what happens is when you deposit in the money with your bank, your banks use your money lend throughout the customers. and that could be big

institutions, companies or just people like you and i that may want to buy a home and get a mortgage. and now the problem with this bank is they had over $250000000000.00 on their balance sheet. so they'd actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? that say if something happens, so what happens the u. s. high interest rate says we've covered a lot on the program and that obviously makes the debt that they're holding on their balance sheet, which was a lot of it within us government bonds worth less. so this is really key point you talking about the interest rates are the rest of the key and critical point. yeah. yeah. so interest rates, rockets is that the debt that they have, they've led to the u. s. government becomes less. right, so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now once that happened, the bank bid exactly what the guidelines say. i would say the ceo acts the same way . he said, well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the block now will happen when he did that, that spooked

a huge amount of people. a lot of money in the bank companies, mainly who then there was a what we'd call to run on the bank. so about $13000000000.00 which was withdrawn from the bank really. and at that point the bank was totally broke, right? so then the regulates and the government had to step in and take over. now what i find really interesting glory is that they portrayed the, the leadership team of the bank as irresponsible. we had all this talk just before the weekend and over the weekend. they will be responsive, they will be now i've worked for a number of regulated financial businesses. i wouldn't say my next, but i'm not just you know, disclaimer, i'm not a finance lawyer, but i would say i don't see anything within the guidelines that they did that was fiscal year on. so i would say the fiscal responsibility lies with the regulator and ultimately with the u. s. governor, i ha, well ok, so you bring it to the u. s. government let, let, let's bring it further into washington. d. c. here. joe biden has come up with a statement addressing that public essentially saying nothing to see here, move along, your money is safe but, but then, you know,

when people wanna ask questions, i mean, the guy legged it out the back door just now. i mean, is it possible that biden, in some way, is trying to avoid what could be a dire truth or yeah, i mean, i think he just doesn't have a clue right. having with you and i were just laughing as he walks out of that door . it's just a, a pool. he read all time she had ending at any answers for it. i don't think anyone really knows what's going on. yeah. and really they suspended stops on a lot of small cap banks. i mean, to be behind 250000000000 sounds like a lot of money. and of course it is a huge amount of money. but for us institutions is actually quite as small it, you know, top 50 banks where they have so many banks say so really? i think they just, they just don't really have a clue what's going on. we saw the boss for him to give money. the hi could inflation rights without anyone, seemingly understand what the consequences are if doing that, but you talk about the consequences. donald trump has put out this statement here. and you may that where the consequences or not, let's have a quick listen to what home are you as president had to say with what is happening to our economy and went to proposals being made on the largest and dumbest tax

increase in the history of the usa times 5, joe biden will go down as to herbert hoover of the modern age, we will have a great depression far bigger and more powerful than that of 1929. as proof, the banks are already starting to collapse. boy, he's not holding back as a donor tommy, he's not known for biting his tongue, hazy, but of course it's, it's a good political opportunity for donald trump. but you were saying janet? yes, yes, janet let yet. and so i think she just added flames that fire in that not awful speech by biting, just compounded it for him. so maybe that's just what yellen had to say, just, you know, before trump came out with that statement, right. america's economy relies on a safe and sound banking system that can provide for the credit needs of our households in businesses. so when they have her a bank, especially one like silicon valley bank, with billions of dollars in deposits,

fails, it's clearly a concern. you know, chris, some people like to say in the 2nd you, i think i'm one of them, frankly, the, you know, the global banking system. it's so heavily intertwined. i mean, the tentacles reach far and wide around the world. and that does seem to be a legitimate concern about knock on effect from this. and do you see a risk of a knock on effect? and then, and then after that, i'll be asking you something about this new multiplan world order. so what, what is the risk right now of a knock on? yeah, i think you're what tentacles is absolutely opt in this case. so, i mean, let's look at the us. right. the dow always opens quite light compared to the west markets. the foot see in london opened before, and we thought just the really not really not a very comfortable situation for you. k companies, western companies that have their help in london. and then so you thought about that now i think mobile c now is just before the close of that will recover. that's an awful nightmare for trade in london is basically the behest of whatever the us, the going to the lights run in the day. right. and we see that across everything

frank, we can look at any other market. and it just shows that, you know, all point that we're always making is that the us is dictating financial policy of every other country within next sphere of interest. they don't allow them that much freedom and everyone is sort of on 10 steps waiting for what the fumbling man is about to say. we just crazy. our case spoke to south africa based executive director of 1st source money and india based managing director at vs advisors who also say the s b b collapse will have an effect on global markets. african banks, especially in that figure, highly exposed, highly connected to the global market, to the extent that are so connected, the collapse of b. b is likely to affect african bank in quite a large way and africa in particular. so we cannot ignore that collapse that collapses, not just going to affect the americans more banks are going to run more likely for

monday, going on, going to affect the u. t. n bent some asian bank and things of africa. and indeed, some other african countries that connected to europe, asia, and indeed the us itself. so africa will certainly be affected. so, you know, especially if companies are looking to bring in better customer service and better innovation to their customers so which the larger traditional banks may not be offering 30. but now people may say that look for security, we're better customer service and foster customer service. and better technology comfort, a security part, right? so there may be a flight of from them until the innovation that different companies bring this new bank bring. we'll get to some extent, they'll take them to be harder for them to win back the trust. moscow has agreed

to extend the black sea green agreement, but only for 60 days in order to assess whether the west will prove it's ready to fulfill both parts of the package. rushes deputy foreign minister highlighted that its commodities entering the market are supposed to be part of the deal as well. the comprehensive and frank conversation has once again confirmed that while the commercial exported ukrainian products is carried out at a steady pace, bringing considerable profits to key have restrictions on the russian agricultural exports is still in place. ah, for the stones, we determined upon tangible progress on the normalization of our agricultural exports, not in woods, but in deeds. so this deal is supposed to allow grain from both russia and ukraine to get out of the conflict zone and over to countries in need. notably in africa and asia, but russian for a mr. sergei love rav explain just a few days ago. and you might be shocked to learn this, that only half of that bargain has been upheld. and that's the half that covers

ukraine shipments. you do that the, the 1st part of the green dio package is the safe export of ukrainian graydon from the ports of ukraine via the black sea. and the 2nd is the need to remove all obstacles to the export of russian grain and fertilizers. the 1st part is being executed, but the 2nd part is not executed at all. in fact, sanctions prohibit russian ships carrying green and fertilizers from entry and relevant ports, as well as prohibiting foreign vessels from entering rushing ports to pick up these cargoes. also, sanctions prohibit our russian agricultural bank from using the swift system if we're talking about a deal that it is a package deal. and if a package is half completed, then the issue of renewal becomes quite complicated. so level, again, evoked the double standard earlier this month that the g 20 foreign ministers meeting in new dally, pointing out that quote, russian agricultural exports are being blatantly hindered. no matter how much the europeans and americans who are used to telling lies,

try to convince everyone otherwise, it turns out that the western sanctions are blocking the ships carrying, rushing grains and fertilizer used to grow food from going to russia to pick up that cargo and also from entering the ports of delivery. so just how much you preening your ane is getting to the countries that actually need it most well elected lee, they're getting about 15 percent of the total export volume, which works out to about one percent each. that's according to the latest data from the black sea green initiative joint coordination center. the top 3 destinations for the grain are china, spain and turkey, representing 46 percent of all exports, involving hundreds of shipments. china, of course, axes, the gateway to asia and turkey. the gateway to africa, but what's the deal with spain? spain domestically produces more than enough of the grain that it needs to feed its own people and europeans with people's grain. these accounting for just a quarter of all the countries domestic consumption,

the rest of that grain that the country produces goes defeated, livestock, notably pigs. spain is routinely ranked as one of the top, if not the top port, producing country in the entire world. so that's great news for spain and europe's pork industry to get ukrainian grain. but it's not exactly how this whole deal was sold to the world as an absolute necessity. it's kind of like starting up a food bank and demanding donations and all this food. and then going home and shoving in your fridge, it smells like a total bait and switch. russia agreed to the deal because there was so much hanging over the people starving if they didn't. and now the data suggests that a huge chunk of the ukrainian food is just being sold to europe to fatten it's livestock, and also it's coffers united nations secretary general antonio gutierrez, last october, express quote, deep concern when the initiative stalled. and he had earlier warned of unprecedented global hunger if it didn't get off the ground. and now they apparently can't be bothered to ensure that it's being honored by all parties. the

deals set to expire on march 18th. and moscow has said that it's ready to extend it, but not for more than 60 days under these conditions. wherever that last october, the russian defense ministry also pointed out that russian military and commercial ships used to secure the green corridor turned in a massive ukrainian draw strike in the crimean port city of sebastopol. the scheme seems to follow the same pattern of other western truce initiatives around the ukraine. conflicts like the minsk accords, which as former german chancellor angela merkel and former french president hall, slow, long, have admitted were just used to by time to give you crane a distinct advantage. while at the same time trying to stick to russia. town down your complaint that i human rights abuses, if you want to make big money deals, that's the message being spelled out clearly to the u. k. by the trade minister to the united arab emirates,

the u. k. and other western countries must separate politics from trade in the economy. the u. k. must tone down standard human and workers rights provisions in trade deals. if they want more market access and more business opportunities. the minute we bring politics into discussions, we are deluding from the main objective of the agreements. the statement comes as the u. k. has been testing the waters and the region in a search for new trade partners and his post racks at existence. british officials are seeking to strike a deal with the g, u e, and other middle eastern countries from the gulf cooperation council trade block. the push, however, is said to have been hindered by critical reporting on human rights records during december's world cup and guitar. the chairman of the middle east center for strategic and political consulting believes the goal states won't give it to western imposed values. a political pressure has been used to get to

benefit the canal mclee. and we learn the lesson. we knew about that the under secretary of the minister of foreign affairs a month ago he said, we are not. we are not the obligatory obligated to to follow the state department of us a for the beta the notes on human rights in coin. we are sick and bored from this file that they always complaining and accuse our countries, but we are happy with what we have now. we are not ready to adopt something, i guess, a fix and religion and for the she, when it comes to those western values. i mean, the west has a history of being able to say, hey, this is how we believe that you should live your life. is, is how we believe that your government should act? do you think this is one of those cases where the u. e, at least with the official said, but do you think that this is one of those cases where there is some pushback we

understand the game we are ready to to play the game. but we are not accepting any kind of pretending human rights issues. we as a society, as a citizen, as a family man, i cannot accept that. and i think that gcc government, and mostly the semi government is not accepting that issues. the international committee has brushed off women's attempts to pressure the sports body into banning russia and bell russian athletes from next year, summer games in paris saying that giving it to such demands would have a detrimental impact on sport. it is not up to governments to decide which athletes can participate in which international competitions. this would be the under world sports, as we know it today. we hope very much that the british government will respect the autonomy of sport, which it has emphasized in so many decisions,

statements and united nations resolutions. it's not the 1st time athletes from russia have found themselves facing cause to be banned from the olympics or doping scandal has seen its athletes having to compete under a neutral flag at every games at other games, both summer and winter since the 2018 event in c, e o. after the war broke out in ukraine, numerous international sports federations have been demanding a total ban on russian and bel, russian athletes participating. the u. k. is minister for sport echoed those comments. we know that sports in politics in russia and bill, our roots are closely connected and we are determined to prevent the russian and bill russian authorities from use in sports for propaganda purposes. for more on this, let's cross live now to sports columnist allen more i'll and it's great to have you on the program today. now the i o c seems to be doubling down on its position that

sports and politics just don't mix. how do you think this debate will unfold? it's interesting that we're speaking this kind of as well. we do understand that politics are always on force. the worst thing in this case is that there is a nation united kingdom who oversaw the dirt to several in the next 20 for the most. most of the pages that you k for sure. but it wasn't terribly, in terms of cheating that went on the post games. however, they still seem to try and read. i think it's a lot of virtual virtue ceiling. because just last week we had google and saying that there were some bears go tennis. so disney reactions, and this is all the money and the i o c especially they know that is

called the silicon valley bank. if they turn around, we don't like to quote your passports all down and we'll see you on a big movie story in 1000 all because you have tried to pursue it certainly seems like their concerns are usually very selective. now i want to ask you, what was your take on the british demands to the i o c. do you think they expected the body to agree? no regular not know these people, they don't want to care for resistive. do we deliver to because they was wanting to like power and they like to use that's all they want to do. you want to get the name and a headlines. and also remember this, the, the british olympic movement. all sports in britain are essentially sponsored or all state sponsors. so they need to know where the name servers and all the people

who are at the moment. i say we don't want any bar specialty on the create. so this is a huge, huge virtual desperate attack. money for scores found it just i know i think that we know a lot of people compete with the british really because yeah, now when it comes to sort of that selective outrage of a virtue signaling, i mean we have to remember that the i o c never band us or u. k. athletes during the iraq war or any other content, just conflict. why do you think that the situation is different and is it different, at least in the eyes of the west? i think it's because ross is very convenient whipping boy and girl for the movement . it's easy to show because basically motions are going to be the case. they

always need to russia is of course not going to buy us or simply because they bring money into the games. i don't see the important. and then again, you know that if they start to buy people start to you, raise your routing. limping movement. is it gone to tow? it will no longer exist. we do have a potential inside to do the pen, american games to how arrival in the games. this is what the o c r radio. if the count that they had gone their way with it would destroy them, because due for california logo, the committee member for powers who 1st of all is what the school through the french prison mayor didn't want to or better games. and

he called open racism eco. and secondly, what she said, member this, this intervention by the british counsel is simply over stretching over reaching the student bar. wow. certainly a lot of daycare and will continue to follow to see where this one goes for. it's call him as alan more, thanks so much for your time and insight. the president of bella rue says the u. s. has strangled iran for decades, seeking to impose its democratic values on the country. his comments came as he held bilateral talks into iran, where the 2 countries leaders reaffirm their commitment to building a multi polar world. i am pleased to visit to

run the capital of present day or on which has become the cradle for one of the most culturally advanced civilizations. through the territory of which trade routes passed long before america was discovered. your ancestors knew about logistics, exports in transit, much more than those who have been strangling your country with sanctions for more than 40 years, trying to instill their so called democratic values. they forgot that every nation has its own values which stems from its culture and way of life. well, of course, alexander, look a shank over the battle. russian president arrived in iran on sunday and today he was warmly welcomed by the he's wanting counterparts, abraham racine. well, the 2 sides talking to ron extensively in wide range of m like field industries including mining energy transport, agriculture i, teen. both sides are turning to each other in defiance of the western sanctions. as

mister like ash, ankle set to day in his meeting with brian bracey that he said that the sanctions are not threats or the sanctions are opportunities for both sides. so he advised both sides. iran and a better rose to stick to those opportunities and should not miss these opportunities as these. of course, the sanctions are pressures on the outside, but they are a blessing in disguise. for both countries as those sanctions, the pressures by the west are bringing and are forming a unified front on the eastern lot. bella roost and other countries are also jumping on the wagons trying to come together and turn to each other in defiance of the western sanctions. brian bracey also said today that adela roach's of strong country and iran eyes more cooperation with bella roost course. today, the 2 side decided and fine of course i roadmap,

cooperation roadmap. that would be to the 2 sides. cooperate a different fields and today they signed those 5 agreements and use to just get closer and boost their bilateral ties. well, iran exceeded to of course, made an exception to the shanghai cooperation organization last year. and bella, luce is also willing to join and become a member, full member of the s t o. and if the 2 sides joined this important organization, they can easily can facilitate cooperation, economic cooperation between the 2 sites. so it's a 2 day visit by mister the cushion cope and he will stay perhaps until tomorrow, or perhaps you will return to his country today. but the outcome and the consequences of his visit are significant to civilians have been killed

and a child injured and ukrainian attack on the, on as republic and a warning. you may find the following images disturbing that you women killed were customers of a local supermarket struck in the shelling which wounded to others, including a teenage girl. the ukrainian rockets also severely damaged neighboring buildings and left cars for an out air defenses were said to have prevented the strike being even more destructive according to an investigative committee working on the ground . he has, may have used us supply high mars rockets in the shelling for that is to come over on to, according to the characteristics of the crate. it could be concluded that the strike was carried out by using the high mas rockets as a result of which civilian infrastructure received significant destruction. but there were no military facilities or equipment nearby. as a result of the shelling, 2 civilians were killed and one child was injured. here her and president zalinski

claims that he is called up troops from the zapora she region to reinforce our to mosque. that's as key yet, has demanded more weapons from its western partners for the conflict artes. eager should or not tells us how russian arms are giving its troops edge against the ukrainian military. western countries have approved trans of to traunches 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 hand. their work has been proven on the battlefield quite a few times. ah, the vehicles tracks 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

ah. it's designed to blitz the enemy released the smoke bombs and disappeared. the crew tells me this amphibious infantry fighting vehicle has already met its match in the dawn bass. quote, the proudly american bradley's from the most recent shipment are already here. when did steve of chicago dish, nevada, 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. this i have the is only one example of russia's new weapons deployed to the, with the theater. brand. new t 90 tanks lurk in the woodlands. drones 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 site. amish down of.