ah ah, 2 tons of uranium goes missing in libya from a site not controlled by the interim government. that's according to the chief of the international atomic energy agency. also this, our school, my guess is, let's recall the words of a famous american writer who set the reports of my death are greatly exaggerated. that applies to our economy. plus the message from vladimir putin while adjusting russia's entrepreneurs union. the president's noting that inflation in the country is lower than in the year with european central bank raised this interest rates to the highest level since 2008. the global financial system is shaken by face of another meltdown with

moscow to the world. you're watching the international line is peter scott on here, the top stories at 6 pm, moscow time. thanks for joining us. we start this out with libya. we're over 2 tons of uranium has gone missing from a site. this is not controlled by the interim government. that's according to the international atomic energy agency, chief raphael glossy. the loss of knowledge about the present location of nuclear material may present a radiological risk, as well as nuclear security concerns. more than 2 tons of uranium has gone missing in libya. now the agency could not say when it went missing and the location is unclear at this stage. other than that it's in territory. no, under the console of the you impact antrim government, i have seen some speculation from nicholas security experts that it was removed from a remote site in southern libya. it's important to note obviously that the uranium is no enrich meeting, but it's not weapons ready. now the former libyan leader,

mama gadhafi, renounce libby as nuclear program in 2003. but of course that could change over time. it could be in rich and that's the real concern. and at this stage we don't know who's responsible for its disappearance. i was the overall situation in libya like at the moment city. well, the situation remains incredibly volatile. of course libya descended into a quagmire after the nato bombing. busy campaign in 2011 and the western backing of armed militia, they're now at the time at western leaders try to portray this as an uprising against an unpopular dictator. move mcgaffey gadhafi chose the path of rural suppression. innocent civilians were beaten in prison. and in some cases, kill gadhafi must stop fighting without conditions and clearly show that he has given up any claim to control libya. now gadhafi himself warned that west was trying to oust him in order to be able to plunder libya's natural resources in

lamara. there is a conspiracy to control libyan oil, to control the libyan land. and to colonize libby again, this is impossible, impossible, and we will fight into the last man and woman to defend libya. gadhafi was sir, later killed in a, in a very brutal fashion. this was most famously celebrated by then you a secretary of state, hillary clinton. yes. we came, we saw he died, but the country has been unstable ever since with various all militia, including islamic state vying control the country effectively split in 2 with 2 parallel governments. the government of national accord are based in tripoli, but by the united nations and another government based in the city of top root, supported by general cali for half an hour, both sides in that there was a brutal civil war. of course her that taught the country apart and both sides had international support. now some countries, including france,

were accused of supporting both sides now efforts a ceasefire. and a national government have proved incredibly difficult alms. embargoes have been repeatedly broken and elections have been postponed indefinitely. and what's next, when it comes to this missing uranium, steve, while the international atomic energy agency has informed its member states of what's happened and it said the investigations, or i'm going the details at light at the moment. it said that it's coming out some a specific activities to try and find out what's happened to this you, radium. they remain concerned of course, over nicholas acute and who exactly has got their hands on the right. but one thing that is very clear is that the western intervention in libya has made the country and indeed the world a more dangerous place. despite pressure from the west and other countries imposing sanctions, the russian economy has overcome challenges, incense

a growth without the message from vladimir putin who was speaking at the entrepreneurs union meeting. the leader pointed out that the country's economy is gone on a different path than men in the west had fought no loss computer which markets could manage to compensate for the defect. a closure of western markets and have expanded trade contracts with developing regence of the world, even before this crisis was made and we were reorienting ourselves towards growing markets. the current situation shows we were right to do that. and even did it slower than we should have, but it's okay. now we just continue on our path canyon. it wouldn't need a, cham stella here. but as the projected level of inflation at the end of march is of course lower than that of bureaus on countries against that which continued to wait for the collapse of the russian economy. and tried to convince themselves and our partners that it will happen. but let's recall the words of

a famous american writer who said the reports of my death are greatly exaggerated solution that apply store economy goodness. as a year ago, western governments pressured their companies and made many of them leave the russian market. back then foreign analysts predicted the depression and decline of our consumer sector. it's going, they said we'll have empty shelves, goods deficits and a collapse of our service sector. but life took us on another path. you know, the western countries themselves are facing such problems with their leaders going so far as to propose people in turn it instead of salad or tomatoes. these turnips are a good product, but even for them, they will likely have to buy them from us, as our crops are larger than those of our european neighbors. it's not their fault though, is due to weather conditions, drought, but they will need our fertilizers to improve their yields without coldness. as the

european central bank has raised interest rates by half a percent, bringing them to the highest level since the 2008 financial crisis. banking sector stocks in asia, also taking a dive follow reports that the credit suisse crush may cause report worldwide. as the news broke japan's topics, banks index drops by 6.4 percent during the morning session. with hong kong standard chartered on south korea is showing them financial group training close behind. when ruffling investor confidence across confidence since banking shares were hammered in both europe and new york. now this comes after credit suisse banks, stock puns ruffled global markets with the swift central bank stepping in with a $53000000000.00 lifeline. that says, credit versus figures, shareholder saudi national banks that it wouldn't boost. it's past the current level of just under 10 percent, which triggered a fall of 30 percent increase. swish as that cost is across financial markets, walking a storm in major indices where this comes hot on the heels of financial turmoil in

the u. s. where the collapse of 2 major banks have since ripples throughout the financial world of the contribution. rachel mawson picks 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, 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 that kick in above 10 percent investment economists muriel rubini said in an interview that they could, histories crisis, is a quote, lehmann moment for european and global markets referring to the layman brothers

collapse that sparked the 2 $1008.00 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 so see it, isn't it? i'm good. yeah. are they curl? and germany's chorus bank, the ceo of global investment giant black rock. larry, thank, suggest that silicon valley bank was just the 1st domino to fall, calling it a quote, slow rolling crisis with quote more seizures and shut downs coming. but just these earlier french economy and finance minister, blaine 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 do, eddie t. e that to bang such who just mentioned sunday, which had a french banking system is not exposed to the city can bank. as he converted bank

you snot explore, to do silicon valley bank. so there is no links between the different situations. there is no specific concern on the full defense banks. now limit is also told french state t, v, that there was not a risk of contagion in france and that french banks work 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 caught flat footed. the current european central bank governor hasty live down 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 gown had figured at the

that the time looks like european leaders. busy about as reliable in their foresight, then as they are now and not just when it comes to europe, but russia to last year limit 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. one solution to if you guess the financial sanctions are formidable effectiveness. and i want to leave note and we do route on the european determination on the subject. you are going to wage a total economic and financial warren russia. it will therefore provoke the collapse of the russian 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 have the 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 did 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 managed to just find 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. yet with yet another example of europe 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 the you has to learn its lesson the hard way before coming to its senses for its own sake. will meanwhile, back in 2009, then secretary of states hillary clinton even made a trip to china, emphasizing the independence of the countries economies. it would not be in china's interest if we were unable to get our economy moving again. so by continuing to

support american treasury instruments, the chinese are recognizing our interconnection. we are truly going to rise or fall together. we are in the same boat and thankfully we are rowing in the same direction. it's a good investment, it's a safe investment. even despite the economic challenges sweeping over the world, the united states has a well deserved financial stability. reputation. let's discuss this live now with professor benjamin child from the shanghai international banking and finance institute, as well as the paris school of business. benjamin, thanks very much for joining us this evening. now, 1st of all, totally your thoughts on the european central banks decision to raise the interest rates by half a percentage point you can i was the right decision in the current circumstances. well, because of this situation in ukraine and as shop age of energy, there is this huge peaks in inflation. so it

leaves the federal bang. we have no choices, but to curve ration. and one effective way is to increase the interest rate because i think the economy. now, what impacts do you think this will have on consumers? obviously, hoffer, a percentage point of the see might see much, but it does come on the bucket around a year of interest rate hikes well, is all always a new problem of taishan. so customers, consumers see as a $1.00 to $4.00 increase or a start on a route of increase if done. and so the big cost of holding on as says other than money, the cash will be higher because it was a high interest rate on cash. so people who buy that commodities and ship that the

managed to, to, to cash. that ration will go down. now despite the current term on the c, b, the pin central bank, you base this decision to increase these interest rates saying that the banks are resilience. and what impact do you think this will have on buying? obviously they've been used to extremely low interest rates for a long time. now, will they be able to cope with this? well, there is an ac metric effect. when there was a need to increase interest rate, it could increase it. you know about that. however, when you decrease it, digital was you can decrease is 20, right? so they, they would just, usually the federal bank would just try up in means to leave some room for future decrease by increasing the interest rate when a chance. but, you know,

we've bought this crisis coupling in, for example, it's the bank inner state. there are many recent other than just you know, just about the actions of the central banks. for example. yes. for example, the silicon bag. tying the bending tinted by the increasing cash due to the tech company, doing dependent. but then they invest to all this cash in longer term investment. however, when this ukraine price is coming up, came up, the energy price peak information went up. there is a need for us to increase the interest rate. so in that case,

yeah. so in that case that, that reduced amount of the prices of the us treasury and that's hard to balance sheet back. so these or connect, you see the similarities between what's happening now and the crisis back in 2008 are the reasons behind what's happening fundamentally, difference definitely, definitely. it's showing the intake connected as all political events. and also the interest dependency on the financial markets around the world, even when the relationship between china and us is facing a challenge. you see a lot of time doing the financial crisis in 2008 china decided to to buy more us to

the us. the okay, so china is holding of the us chess repeat between 2012 and also 15 was valid all over one point trillion. it went down, especially as the situation worse than it is now about $970.00, but then it's on china. make the largest contribution for the us to recover from the financial crisis. because in 2009 when the global. com was heavily by the financial crisis trying to g d p. when only accounted for 8 percent of the global trade. the countries contribution to global economic wrote, which took 2 percent. okay, so it is a major change to the growth of the world. now, when, when china says so much growth in accumulating a lot of research,

focus with the us, a lot of demand for the revenue and be ok. so the chinese st to bang $1.00 to $2.00 and then think rather stable exchange rate with the us. so they have to spend the us dollars they earned from trade to something to choice was made to spend on the u. s. chancery. so, you know then to benting a women's situation because that was stabilized to be so that the u. s. customized world customer to can, can into by ship chinese product. so it's also true in that case that trying to do an export oriented country. china has interest to maintain a little warning exchange rate. so it's not just about the same thing, but it's also about saving itself at this time.

yeah, just so i apologize for interrupting you just it will more comparison between now and then given it back in 2008, then 60 say hello clinton. you encourage china to buy more u. s. debts. but given the current state relations between china on the u. s, you can't really imagine until blink, and going over doing the same thing. could you, if the, if it were to get to that point extra as an actually important question as we just know that the, the share of the china is holding up the us treasury actually has dropped a little since 2012. the money was spent on, you know, accuracy in the, for example, bella and ro initiative now, especially after last year. okay. with this ukraine, crime says that the world see that in fantasy of the us

treasury bank, the so called the safest asset in a well seems to be no longer, especially when the us of things that you know, they could repeat its actions to russia to other countries speak with fries. ok, the other countries are owned. so no child, you know, pushing china so hard about starting a war about situation in taiwan strain. so what so china would have a 2nd time indeed better to have benjamin sharma favorite. going to have to leave it there, but thanks very much for your thoughts that professor benjamin shall from the shanghai international banking and finance institute. thanks again. thanks for helping me. moving on now reports that india is ready to join the g 7 block on imposing a price cut on russian oil or nothing but misinformation. that's according to the

russian ambassador and new delhi, as well as the source from within the indian oil ministry that wrought voters fights. thing that india is not obliged to follow the policy of western powers, or by turn his part on energy sanctions. utility has achieved a boost in all imports from moscow, which in january this year hits a record high of 1700000 barrels a day. in india and oil imports has jumped from less than one percent to say to one quarter of all supplies compared to march of last year. according to the us treasury departments. western sanctions have had no effect on russian oil trade worldwide. about 75 percent of the trade of russia. seaborne oil occurs outside of the price cap. that means no western services are involved in the transaction and therefore these trades do not violate or evade sanctions. by stealing on russian oil was imposed last year by g 7 members in the u starting the limit at $60.00

a barrel. according to washington, brussels is now set to reconsider that report to lee, further lowering the cap to $55.00. most goes responded by budding oil stays sales to any country that follows the restriction spokesperson for the indian foreign ministry has dismissed. the latest reports about india. joining western sanctions is just speculation. so i'm actually uncomfortable talking about reports that may be dead. i don't know which of what you're referring to. so let me just clarify. i don't want to comment on speculative media reports. we have repeatedly made it clear that our approach will be guided by our energy security to climate to heard this many times. and i think that continues to be valid as for us live now to have been the such dev, president of the image india institute in new delhi. thanks very much for joining us this evening. now 1st of all, i just want to get your take on new dell is response to these reports that india's ready to join western sanctions on russia. it seems like india would almost be shooting itself in the force if it were to do that. thank you very much for having

me. one that you know, you mentioned that the source in the ministry and the spokesperson on foreign ministry said that india won't go with the gaps. in fact, our minister lee also has said this that india would not follow any gaps. he is said that india will go as well as the markets and our needs. so as of now, all indications are that india is not going along with the $50.00 guy, which the e u and you know, the g so odd suggesting all kind of putting in place in there is not going forward with that. but yes, i think the thoughts of this came up because recently due to the g 20 in the has been having, you know, bunch of meetings for as far as meetings for them is just meeting a cetera. so in the backdrop or behind the curtains of those meeting, some of these topics may have come up. he cannot deny that. but from one of the indian government to thing and terrifying and has said that there is no intention of india to go along with the gas. i think what india is doing india thing that you

go with the markets. right. and sure, yes, sion all is available as a discount to the market. so india will look at what that does. this is going to have to do you think that oil and as you said earlier in february, actually i think india. but just about put the 5 percent of its total crude oil imports from russia in the month of the year is set to be considered in the lower this price cabinet attempt to undermine russia's war chest. do you think it will do that? and if so, do you think other countries would follow suit given the energy situation worldwide at the moment? so i think if you want, if other countries yeah, it could lower the, the cap countries may or may not follow the, you know, the cap is the chiefs that we're not suggesting. but i think what will have an impact is on the all market prices, like the all world buys, also cool oil. it's basically russian oil would come under pressure because of

these factors. i do think so. now i'll do you think this cap has affected prices on the energy market, and it seems that the vs just direct to these oil. else where would you say the functions of a of achieve the goals that are intended? oh absolutely, on that, i mean on the one hand you see um and let's say the case study of india, right. i mean india was buying and continued buying and in fact started growing the amount we will buying before the war. i think we will buy probably one percent last year, the big commercial. and now we're at about 35 percent initially. the west, the us and you ought to be kind of ignored, wouldn't be able to bring because they were too busy with you all up and what it was, it was because it was with respect to russia. but later on when they started realizing that india is buying and buying in larger numbers, it actually, i think it struck them and it's like nothing fly. and i think it's the apply and,

you know, still which happen that be the energy needs of europe are not being consumed via india, especially the refined products, the visas. ok, the petro supposing this diesel was taken off the market? right? the market, the market for diesel would have gone somewhere else. so now the us and the address is as relates with respect to india, that this is working out to be perhaps a good, a mac, either them for your to say that they're not buying, you know, the refined products from russia inside the gap on the 1st also now they're that they're buying the refined products, which india is fighting from the ship. so they're getting to have their cake also in the way and still claiming that they are, you know, not europe. is it, he's not buying from bus yet. well, rebecca sanchez, thanks very much. you made your thoughts very clear today. rebecca sanchez, president of the image india institute in new delhi. thanks for your time. thank

you for having me. washington and its allies have devised a plan to assert western dominance in latin america under the pretext of democracy, unsecure through without at least according to bolivia is ex presidents, evo morales. we had of the us military southern command announced that a decisive decade is beginning for the ass to assume control of the security of the southern hemisphere. this plan will fail again because the free peoples of latin america will never again submit to the whims of armed imperialism, the destroys, world peace with interventions, assassinations, economic, blockades, and coups. the statements commons after the u. s. house of representatives, the armed services committee held a special hearing, washington top miniature command is discussed how to effectively squeeze russia and china out of latin america. the u. s. is i in control of the world's largest

lithium deposit, which are crucial for electronic device industries. us military general law richardson denounced who she called autocrats in charge of latin america. but she also had the freedom of speech of media outlets like off the spanish and foot. nick, which provide information from a viewpoint. washington doesn't always agree with this region is full of resources and i worry about the malign activity of our adversaries taking advantage of that, looking like they're investing when they're really extracting. we have the lithium triangle in this region. 60 percent of the world's lithium argentina, bolivia, sheila have this and it's taking resources away from these countries. and from there are people that are trying to deliver these democracies that are trying to deliver for their people. that's called live now to daniel shaw, professor of latin american and caribbean studies new york.