boomerang, ah ah, the global financial system is shaken by a plunge in the top of switzerland, 2nd largest bank renewing fears of the next world wide financial crisis. russia minister of defense calls american drone flight near russia, border provocative as pentagon officials contact their russian counterparts for the 1st time in my after the american you ab crash in the black city and melinda are outraged by the italian government to attend to blame the european migration prices on the russian private military group. wagner. for me, what pushes africans to take the path of europe is the under development of the different african states and a lack of work. we can't accuse to rush on all these point. i don't think it's

because of ross shut off the account for you for your students thought today. it is a distribution of goods with good morning for mark, international students in moscow, and welcome to the hour's top stories across the globe. i bureau is about credits races, bank stocks plunge have rattled global markets with this with central bank stepping in with a $53000000000.00 lifeline. that's at credit suisse is biggest shareholder. saudi national bank said it wouldn't boosted share past the current level of just under 10 percent, triggering a fall of 30 percent. it shares that cost jitters across financial markets, sparking a slump in major indexes. this comes hot on the heels of financial turmoil in the u. s or the collapse of 2 major banks has sent ripples throughout the financial

world. problems in the banking sector began with a collapse of silicon valley bank, followed 2 days later by the collapse of signature bank r t contributor rachel mars and picks up the story. the failure of silicon valley bank in the united states is sending shock waves through europe's financial system . and it's also sending its bank stocks into free fall on wednesday with the european press, making the link between the u. s. crisis and new trouble for europe's banking sector. credit suisse had dropped on zurich, so stock market by mid day. it's top investor, the saudi national bank said that they won't help cushion the blow by buying any more than the 9.8 percent of the shares that they already own, since they want to avoid any new regulatory regimes. they kick in above 10 percent investment economists, new rail rubini said in an interview that they could histories crisis is a quote,

lehmann moment for european and global markets referring to the lehman brothers collapse. that sparked the 2008 economic crisis in the united states. which then spread to europe. french banks were especially hit hard on wednesday with trading of frances b and b about he bass stocks temporarily halted earlier in the day as its value plunged. as did that of associates asian. it, i'm could, yeah, they could. and germany's chorus bank, the ceo of global investment giant black rock, larry think, suggest that silicon valley bank was just the 1st domino to fall, calling it a quote, slow rolling prices with quote, more seizures and shut down is coming. but just face earlier, french economy in finance, minister believe, or the mer insisted that everything was just fine. and he seemed kind of annoyed with suggestions otherwise come down and just have a look at the really t to, etc that to bang such who just mentioned sunday, which had

a french banking system is not exposed to the city. can bank i was seeking very bank. he's not exposed to do city couldn't very bank. so there is no links between the different situations. there is no specific concern on the fall to find some banks. now the men is also told french state tv that there was not a risk of contagion in france and that french banks worked solid, which is kind of a tough cell when it's pretty much the opposite of what europeans are actually witnessing in real time. it all sounds eerily like the last financial crisis back in 2008 when europe was pot flat footed. the current european central bank governor hasty law gal that was french finance minister at the time and said back in september of 2008, that quote, the big systemic risk is behind us. but one month later, france, germany and britain were meeting about national and block wide bailouts and rescue

packages. so not exactly the water under the bridge that la gowns had figured at that the time looks like european leaders were about as reliable in their foresight . then as they are now, and not just when it comes to europe, but russia to last year met, assured that sanctions against moscow would bring down the russian economy as european union commission, president ursula vander line announced that the west was cutting russian banks off from the swift system, when some shoot, if you guess the financial sanctions are formidable effect, it wouldn't not want to leave no remedy to route any european determination on the subject. sure are going to wage a total economic and financial warren. russia will therefore provoke psychology of the russia economy. we commit to ensuring that a certain number of russian banks are removed from swift. this will ensure that these banks are disconnected from the international financial system and harm

their ability to operate globally right now, cutting off russian banks from their western counterparts is actually starting to look more like throwing someone overboard before the ship goes down. in order to save them, when the west was working to isolate rushes, financial system from, there's little that they know that they'd actually be saving moscow from the risk of contagion, their contagion. a year later, despite all the western sanctions, russian banks have managed to adapt. and in january, the russian central bank announced that the country's current account surplus hit record high last year with the increased price of oil and gas exports, even as europe was cutting itself off. from them, maybe if european leaders had been as focused on insulating the block from the u. s . financial system in the wake of the 2008 crisis as they bid with cutting it off from russia. then maybe they wouldn't yet be in the position of gearing up for yet another potential white knuckle roller coaster ride with uncle sam at the controls

. and no one can say that it's not possible for the you to isolate itself from the united states economy. because somehow canada right on the u. s. border and its largest trading partner. it's banks manage just fine to isolate itself from the u. s. banking system. 562 us banks went belly up over the past 20 years, yet not a single one in canada. so here we go. yeah. and we had another example of europe's over reliance and over dependence on the u. s. to its own detriment. much like the current energy crisis that a guy itself into egged on by washington. and you have to wonder how many times that you have to learn its lesson the hard way before coming to its senses for its own sake. political analysts and journalist john ver rowley, says western governments will try to solve the current crisis the same way they did back in 2008 by simply printing more money. this is what happened in 2008. i

mean, you're the government bell down the big bank by putting more money. right? we had all of this, all, we took all these measures to save the banks, right. printing printing, right? it was called q e quantitative easing. it was basically printing one trillion, 2 trillion dollars and sorry, i can't remember the exact figure, but they, through all this money at the bank and that money, you know, where did it go? you know, it didn't really go into the economy. no, it's settled in the bank, and it contributed to inflation and inflation in the value asset, which of course is an artificial inflation. and this is the problem that the american government always gets involved in the crisis and try to solve by printing more money for that doesn't solve the problem that will solve the temporarily. it pushes the problem on towards the future, right? so basically we're also, we're now today coming to correction,

we are coming to reckon with the poor measures that were implemented after 2008 the russian ministry of defense has been contacted by top pentagon officials for the 1st time in months over the loss of an american reaper drone over the black sea on wednesday. moscow warned the u. s. that is aircraft activity along russians borders could lead to a dangerous escalation. the incident was caused by u. s. actions been violated the flight restriction zone said by the russian federation. we know the flights of american strategic unmanned aerial vehicles near crimean shores are provocative in their nature and create the conditions for escalation in the black sea. moscow said that the you west was aware all along that that area that air space. i had a flight restricted status all along, but washington, of course ela has always said that it would ignore that and continue flying wherever they saw fits. and this is what happens. so naturally, moscow says,

since washington was aware, this most likely seems to be an act of provocation. so they're just looking for a way to escalate their approaches. and this is one of the ways they did that since again, they knew that that area had a flight restrict the status 1st. they were accusing moscow right away. they said that the moscow did this intentionally. and now, just literally less than 24 hours of change there soon. and now we have statements from the usaa state department spokesperson that price. who said that it looks like it was most likely an unintentional event. let's take a listen. i think the best assessment right now is that it probably was unintentional. it probably was the result of profound and competence on the part of one of these russian pilots. at 1st we saw media in the us, absolutely gone crazy, been hysterical, really accused in russia and said that russia did this on purpose purpose. and now literally less than 24 hours later we have the u. s. state department saying that this looks like an unintentional incidents and we can hear from the us state

department of what he had to say there in that price that now it's an unintentional incidents. and again, we're saying that they're now focusing on the manner in which this happens and they're making elaborate videos and simulations of how it happened. and so let's have a look at one of their versions of what they claim, how it happened, their visualizations, ocean jed approach from the rear. dumping fuel u. s. officials believe it meant to come up in front of the drone, so would fly into the fuel cloud, but pulled up too soon and clipped the drones propeller, which is located in the rear. the drones controllers could do nothing but let it glide into the sea. raso forrest part has always maintained from the very few hours after this happened, that russia did not come into contact, actual physical contact if you will, with the drawing. and also it did not shoot it down. they did not use any weapons

against that. but again, we saw all what was happening in western media there. and again, there were, there were prepared. ah, but perhaps it was a russian as spokesperson. ah, literally the scott who said at best, actually let's have a listened exactly about that. white restrict the status which is the key and most important information of as they those who shouldn't have been there shouldn't have flown there. and then everything would have been environmentally friendly. and this of course was everything and to risk. as i said, a gale of rod mentioned earlier in the day that these actions, they know the risks that they're taken, washington i'll, when they do this and they risk escalating? is this something that they're looking for? that is the question. the ukrainian defense minister has been caught up in a food corruption scandal, apparently inflating prices for some items by 3 times. that's according to a ukranian member of parliament who slammed kiev for turning a blind eye to the situation. resnick,

of planned to buy potatoes for soldiers at 3 times the price paid by the defense ministry supplier. since this is not the 1st scandal with the unspeakable minister and his purchases, only 2 questions remain. what kind of scum do you have to be to steal from a soldier's plate? and what kind of scum do you have to be to turn a blind eye to this at the top levels of power? i don't understand why resnick, of with such managers and salaries should steal money on potatoes. but apparently a rat is a calling and a destiny. ukraine had previously been shaken by a similar food, corruption scandal with ties to the defense ministry. but the minister was able to stay in office dismissing the allegations as false, the whistle blowing ukrainian lawmaker claims the situation hasn't improved and is demanding immediate action from the government. kev's western allies have also lashed out at ukraine for undermining nato funding with corruption and bureaucracy

. what the problem with this government is they, they, it's not that they don't spend enough, it's that they don't achieve enough results for the spending they do. they spend too much on the back office bureaucracy and not enough on frontline military equipment. international attorney kline preston says the emergence of corruption allegations fall in line with the actions of a government that is sure of its looming demise. to an indicator that in my view that the ukrainian government, those in, in leadership have lost confidence in the outcome and the future of their country. and that's why they're gonna, they're going to line their pockets, like they've been doing off in the u. s. a. money this been going to prop up this regime from the united states. so a true, honest assessment of what this means is it spells disaster for you, correct? because i think it shows

a lack of confidence amongst those who are in charge and who have the most information about the true status of things in ukraine. the government, alexi resident, called shirley has a real understanding of the future of this conflict and what's gonna happen with his government. and i think that's an indicator once someone starts land in their pockets like this, that they don't have confidence that this regime is going to last that much longer . the founder and owner of ukraine's m tack clothing bran favored by president vladimir zelinski has turned out to be an open, neo nazi. alexander. kerosene has been regularly posting nazi theme propaganda on social media. his m tech brand has become popular among pop, ukrainian officials, including the u, korean president,

and some of his advisors in general's. last years, the lensky sold one of his pack jackets for over $100000.00 at a london auction, which was endorsed by then prime minister boris johnson. heresy of has even received praise from the founder of the notorious as of battalion for actively supplying ukrainian nationalists since the beginning of the conflict in 2014. this is alex, the owner of the wonderful network, militaristic, half of the great, you know me, dresses. since 2014, he has been super actively helping us with everything could uniforms shoes and many other things. independent journalists, sondra vanden ended, says western media preferred to turn a blind item such revelations, which don't fit their narrative. doesn't 14, when my uncle, they're all of the masses already there and we all somehow get into the right

sector. so they know about it. and i think a lot of ukrainians inside the bottom and or inside the government are supporting the material that we know. i went from the factory. i so old is sickness from the nasty time you might come up there so they know about it. they, they, i think they supported both. ok, not openly, of course. and the western mainstream media is 1st. they said all the time. well, you know, the tell him is actually a returning. but when the special region started, they just said no, no, no, you know, they changed. it's not like, you know, they're not any more. so this is how they twist the whole thing. but definitely they know that governance corruption and poor distribution of goods. those are the reasons bullying have given for the large migration flows from african countries in response to accusations from the italian government that the

russian private military grew. wagner is behind italy's migrant woes. we heard from local residence remark, it was for me, what pushes african to take the path of europe as the under development of different african states, and the lack of work. we can't accuse rush on all these point. surely we can say that this migratory flow of african but due to a lack of lack of also lack of will from african policy. but in my strategy to better keep their children on their territory unless actually thank you. african generally lead africa for several reason. reasons and angel read and understand that little dyer does it cover new horizons. russia had a different way effectively help africa from as an example. we already have molly's wagner soldier again and tara i don't think it's

because of russia african sleeve for you. really didn't talk today. it's susan conflicts on the reason for about what brings conflicts. it is bad. the all the interviews of goods, all of the turns into conflict on demonte i'll attend for the african continent on italy has been battling a migration crisis for over 10 years since the start of the arab bring as of 2022, there were already more than 5000000 migrants in the country and 20000 more people have already arrived since the start of this year. over the weekend at least 73. margaret sighed trying to reach the coast of the southern region of calabria. or italy has shifted responsibility for the migration problems on the russian private military. wagner group, which is in molly at the request of the country's government. according to the russian foreign ministry, we spoke to a pan african analysts from neighboring burkina faso,

who says that all of us are attempts to blame. wagner only indicate that western involvement in africa has failed. no foster se, i think this statement is completely far fetched and absurd. if you will bear me. they are looking for an excuse to explain their fail due to their inability to help their ally ukraine. and to blame the wagner group for instigating the intellects of migrants. it seems st. dealer only the west is capable of such from asia, z corporation with other players beat russia, china or iran is very important for flesh in african countries which had with very tangible failures and working with the western block and reorient themselves precisely. there was more recently or less than 5 years ago. africa countries began to trust other ally, not from the western block. as a result, there has been a long insecurity in the central african republic. under president taura dera, it worked in a fossil which turn it back on. the western block only in january, now has operational drones. look,

there have been used to fight terrorists real results and reclaimed territories. that's what the alternative block is capable of. the president of under says she is willing to establish diplomatic relations with china. the offer has been welcomed by beijing, but on one condition that the latin american nation complies with the one china policy. on the hi you hold on, you're going to welcome the relevant statement made by the honduran side, where you're stablish in a diplomatic relationship with chinese, the right choice in compliance with the brain trend of historical development and the advancement of the time on the basis of the one china principal chinese willing to develop friendly incorporate, have relations with and jurors, and all other countries in the world. beijing considers taiwan part of its territory and under the one china policy, no country can maintain diplomatic relations with both china and taiwan. if enduring security ties with a jing a would have to sever its relations with taiwan,

type a has already expressed serious concern over the diplomatic moves between us and beijing. taiwan has asked the latin american country to carefully consider the situation to avoid making the wrong decision. we spoke with asia political risk. analysts ross find gold, who said washington is competing with beijing for global influence. the united states and china are clearly competing for influencing in central and south america, as well as the caribbean. already seeing some criticism from us politicians in the us government over a han doors decision, but inevitably, well, you know, what could be us really do? you can't tell another country who we can enter into diplomatic relations with other then, you know, try and carrot and stick approach. china is their, their, their, with their, their infrastructure projects. they're there with trade as well. the united states

has been there. obviously, it's the united states is back yard tre longer has been bricked by protests, as unions demand the government roll back high taxes imposed as a precondition for the i. m. f. 's, $2900000000.00 loan. the turmoil as to the island nation's problems that its grip by storing living costs and severe supply shortages. thousands, hospital thousands of hospital school a railway workers throughout the country joined the protest against high living cos, aggravated by increased taxes needed to meet the i. m. f. requirements union say the strike will continue until the government backs down on the new taxes, also demanding lower high interest rates and cut in energy tariffs. armed officers were deployed in an attempt to restore some minimum services. we heard from economics and politics professor at st. mary's college jack rasmus,

who says that even if sri lanka does get the i am a flown, it's still no guarantee of economic stabilization in the country. sri lanka. is it a very poor position for your one of the weakest economies? and whether that alone is going to be sufficient depends upon what happens to the global economy. if their currency continues to decline, you know, did, there's no guarantee that the loan is going to be sufficient to stabilize the currency. and you know, that remains to be seen whether they can or not. but you know, the i m f always has a very stringent requirements for the loan. they are very austere. in other words, they want to be paid back. the private banks that are there with the m f, they want to be paid back for their own need. they're not just given money for free and to be paid back. they demand, you know, you squeeze public benefits. if you lay off a public workers,

you raise taxes and all that. and that just makes the situation even worse for the population. but that's the way the i m f works until there's an alternative global institution to the i m f that will provide help to these countries without all these austere strings attached countries. and people like in to real, aka, you know, are, are going to really pay the price. and that's our, up on the latest headlines for the, our, for the latest breaking news and updates head over to r t dot com. and be sure to follow up on all social media platforms. thanks for joining us with the back of the company our in ah.

with what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on, often very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk

ah, in 2022. the italian government approved a package of military a to ukraine coordination with you. i need to to help ukrainians, defend themselves, and fight back about 150000000 euros. well, i make a week or was even told me bombs are hearing all the same nato and the you with the one that people will die just for make money from that even yes, carol volume as we go through on every few gone through my she thought complete, i mean there's water damage with on figured i won't put them in. those will talk more saw me my show a tool tool, a for opa exec leila lesson opinion. polls show that over 70 percent of italians are against military support for ukraine. landed in confront with the date for that

last or if i don't a levels yet, levi and more on a skid out and go home and do not she them to talk to you about the daily death. wonderful. i was just the my last food bought a lot. she didn't. if y'all been a fool, we're not even fun. theda the layout. ah riga capital city of the republic of latvia, the country gained independence on march, the 16th. now, thousands of people have gathered in the city center near the frida monument ever

since. and how does democratic olympia celebrate every spring? the country has now been a member of most a european union and nato for several years than l. very few surviving legionnaires who served in latvian buffet s s divisions, march solemnly under national flags making their way to the country's main monument . there accompanied by a large crowd of loyal supporters and admirers to the strains of nazi style matches and songs and number of officials and individuals lay memorial weeks at the base of the monument. as they joined the commemoration of remembrance day. it's a day when respect to paid to fallen and surviving volunteers for hitler's ass. there was a time when this was even considered a national holiday soon also as well a po, dosage of thought, all got out to jane,

both full of korean, the death. but rich and good, then 5 to 50 gig and yet law her daughter, this is your foot on the door. fontinella a full genia seal assignment a that the genuine which have no. yeah it. i said the subtle, i gotta 1st was chucky. no 1st is threats i spoke with. however, officials from last year and some other democratic european states still play an active part in these celebrations. which some claim brings shame on the country. yeah, politically. let me go to the chalet still bit from which i know it's the tory plasma with .