the don't and also therefore being more effective in resolving issue for the children piece that often to work with. a sister linda biggest. thank you. b, as and credit suisse are reportedly considering a merger as a banking collapse in the u. s. has impacted global financial market. i didn't see any issue with our vision. the relationship close investment success. saudi arabia confirmed that could very quickly start investing in iran, following a deal, brokers by china between the 2 former rivals aiming to restore their diplomatic relations. reports the merge that the u. s. is resuming recognizance drone activity in the black. the region as

a senior washington officials project us huge down russian fighter dep. ah, good morning for martine or national studios in moscow. and welcome to the weekly the our and we stop stories around the world. i'm here all over breaking news here in our tea. russian president vladimir putin has made a surprise visit tomorrow. you pull in the don. yeah, for republic. this president putin 1st visit to the port city on the as of see, since it was liberated from care forces last spring, russia considered the don, yes, for public as it territory. following a referendum in the region, president putin was accompanied by russia's deputy prime minister in charge of regional development. as he visited several parts of the city to inspect the progress of restoration effort. that includes the construction of new residential

districts with housing and utility infrastructure. earlier today, russian president vladimir putin also held a meeting at the command post of the special military operation in rock of armed on southern federal district of russia. according to the kremlin, the president putin heard reports from the chief of general staff of the russian armed forces. validate got us the move and a number of military leaders. the, the global financial system is shaken by the fall out from silicon valley bank. now 2 of the largest banks credits was an u. b. s. are reportedly considering a merger that could be the catalyst for an overhaul of the global financial system . a sharp drop and credits to shares this week, raised further concerns across europe and financial markets with a slump in major indexes. the banking sector was down by 13 percent this week,

as spiraling fears dragged down the biggest banks across the board strategist at goldman sachs, predicted the sector would remain under pressure a lesson more forceful policy response is administered. us markets are also powering through the crisis with banks being propped up with a $100000000000.00 bailouts by the federal reserve, the treasury and other financial institution. while the cash has helped prevent a complete meltdown. the fed failure to identify the banks receiving the aid has cause rumors to sorrel. many market watchers have express the years of a possible reemergence of the 2008 financial crush. amid the concerns about another potential financial crisis r t corresponding kayla mop and examines the current upheaval of the u. s. banking industry. the u. s. financial system has been shaken up pretty badly with news of

bank failures splashing across the headlines this week. this is the biggest failure since 2008. it's actually the 2nd biggest failure ever since washington mutual in september of 2008. meanwhile signature bank march. the 3rd largest bank failure in u. s. history capital over it is now announcing their intent to wind down their operations and voluntarily liquidate silver gate bank. this was a week of bank runs starting out with the collapse of silver gate bank followed by s v p, and signature banks caving in this cause lots of market turmoil. 3 banks went down one right after another and this caused panic among investors and depositors. the u . s. financial institutions saw their stocks plummeting. u. s. officials are trying to reassure the public that their deposits are saved. extra liquidity is being

provided to banks in order to keep them afloat. joe biden woke up early monday morning to make a speech and give everyone a lesson on the laws of capitalism. depositors will have access to all of them on is starting monday. march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help show banks have the ability to meet the needs of all the depositors. investors in the banks will not be protect it . knowingly took a risk and when the risk didn't pay off, investors lose their money. that's how capitalism works. let me repeat that, no losses will be borne by tax payers. instead, the money will come from the fees. a banks pay end of the deposit insurance funds. so how is all of this going to play out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding

companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount window. this allows the banks to borrow for up to 90 days. now typically the program only provides $4.00 to $5000000000.00. but last week, broke records. more money has been given out than ever in the history of the program . the numbers have already surpassed the 2008 crash. so now the fed is back to printing money, providing banks with additional liquidity. but the federal reserve is also continuing its fight against inflation. and this is going to make that much more complicated. it's a fragile balance between curbing the problem of inflation and propping up the

financial. now the problem with this bank is they had over $250000000.00 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 a really key point. you're talking about the interest rates for the rest of the key and critical point. yeah. yeah. so as those interest rates rocketed, the debt that they have, they have lent to the us 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 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,

what we could have run on the bank. so about $13000000000.00 which was withdrawn from the bank reading. and at that point the bank was totally broke, right. so then the regulates and the government have to step in and take over. europe is now feeling the aftershocks credit suisse took a tumble. and these with central bank stepped in to give them a lifeline. financial world is now holding its breath, waiting to see who was next. caleb martin, r t. new york banking and finance. professor richard warner says that simply throwing money at the problem will not salvage the economy. the higher rates will give us the price stability. and by continuing to expand quantitative lee and in j more money, the supporting the financial system will really it's the other way around. i mean, they should, they should not raise interest rates, but tighten,

then you don't have inflation. government will always say everything is fine, is going from grapes to even greater. so we have to be very skeptical of that, particularly when government impose policies on the economies that can only cripple the economy. and also europe imposing sanctions on russia. stopping the importation of necessary energy, cost effective energy from russia and russia, as always, to limit and soviet union delivered reliably, 2 year old just suddenly stopping that. what were you going to get going to get weak economic performance, recession supplies on problems. that's what we're seeing worldwide in certainly particular in europe and also to some extent in north america. riyadh says it's ready to invest in the iranian economy, following the chinese brokered agreement to restore diplomatic relations between

saudi arabia and turan. how quickly in your mind do you think we're going to see sadie ravia making significant investments and vice versa? i would say very quickly, iran is never and have been and would continue to be 400 years. so i don't see any issues that would prevent normalization. of the relationship across investment successful, the turning point in the region state of affairs was followed by saudi statement on the oil market saying the country won't trade with those who impose any sort of price cap or other restrictions on commodities. if a price kept were to be imposed and saudi oil experts will not sell oil to an encounter that imposes surprise kept on our supply, and it will reduce all production. and i would not be surprised if others do the same. the statement came as us lawmakers introduced a bill that would allow lawsuit against oil companies in opec plus countries.

according to the saudi energy minister, the practice would damage no market creating and tolerable consequences. would opec plus, looking to counter the legislation? earlier my colleague nikki aaron discussed the perspectives for further cooperation between iran and saudi arabia. with a panel of guests the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration and iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create

tensions, to create division. definitely time has changed for iran is a different iraq today, maybe and target are more willing to understand the dynamics feel free on what's happened in the past decades of negotiation. now remember, there is one of the agreement that we're going to have 2 months period or basically seeing how serious is iran coming to the deal. so it's going to, it's going to have too much of observation of what that right. it's going to come and what they are going to do. so definitely, iran is a neva, it's an untapped market. we expect they have 2 trillion dollars worth of goods and investment and infrastructure. and definitely it's going to have a stick and iran need, some of the neighboring countries can treat to contribute them back. and this is definitely aligned with vision 2030 as a lot of ground manufacture capabilities. they are very advanced and definitely

they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's a couple of months ahead of us where we will watch was where kathy they have had in historically these, these, these, these periods of cooling off and then things worse and again, but i think now the signal, the, the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean the was the saudi got involved in which had been stopped by the americans. we must say of cost them enough sleep fortune a certain point. the war was costing a $1000000000.00 a week. the diplomatic deal, as we know, was mediated by a jane completely bypassing the us, which is always like to see them at least as its own kind of spirit when it comes fear when it comes to influence. so that's just,

they can listen to what the chinese foreign minister ministry had to say about this . some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries as internal affairs and even instigated wars in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but a bane for the world. so my question to you is just how worried do you think washington should be about such developments and rhetoric with the worried now really is the role that america plays. i completely agree with professor maroney, when he said the world has changed. he's too polite to spell it out in crude terms, but basically, america's none of calling the shots. you know, we, commentators, such as myself, are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin now,

of us leadership around the world. the fact that the chinese stepped up to the mark and broke at this deal was pretty amazing. so i think lots of playful, very exciting, completely unprecedented. i didn't ever think i'd be on a torture, talking about sound g. iranian peace. a landmark deal to restore diplomatic relations between former those a rod and saudi arabia could derail israeli strategies in the middle east. the agreement, brokers by china is seen as a counterbalance for us, and it's really it tends to dominate the rigid for details on this story and more visit our website at r t dot com. the u. s. has reportedly resume drone activity in the black sea region. despite the media circus surrounding the crash of an unmanned american reaper drone ortiz marina. cassandra examines washington's recent calls to shoot down russian fighter jets. no matter what headline you saw about the story.

the fact this an american spy, a drone, answered a flight restricted status area over the black sea, prompting to russian fighter jets to intervene. russia had warned washington that it had imposed and no fly zone their box. they refused to listen. the end result, a multi $1000000.00 drones scott, old and los western media hysteria, and, and the smoke curry over how it happened. the russian ambassador to the west was summoned for an explanation right away, where he rejected all claims that russia did it on purpose. and he asked them how they would react if they were in russia shoes. these drone concluded, if you bulls, you see that what will be the issue of united states if you see search russian drawn very close, for example, to san francisco, new york. what blue liddy action over united states forget that this isn't just

a random drone from a random country. this was a u. s. military spy drone, which can also be used to carry heavy weapons flying near russia. who knows what they had planned. the says after all a country that is not very friendly from their economic sanctions to training ukrainian soldiers send in huge amounts of weapons, their end and courage and all the countries to follow suit. alyssa, forget about all the reports. lincoln, them to the explosions on the crimean bridge, the gas pipelines, loss of civilian life, and infrastructure. and now they said, a spy drove over the black sea. what should russia have done? what would they us have done? well, what they did do was scale back their accusations less than 24 hours later. this was an unsafe and unprofessional incident. there was also tinge with incompetence in to your question about the video. the video shows a russian pilot careening in

a, in a enter that looks almost entirely uncontrolled and essentially running into the unmanned ha, u. s. aircraft forcing the u. s. military to down it over the black sea. not only is this unacceptable, it's also dangerous, so it was no longer intentional bots. the answer sexton was still quotes, unprofessional, reckless and dangerous. no bare drone flying in the no fly zone, no russia intercept and it was dangerous, and it was not america's actions. person the world's words, the verge of world war 3. no, but russia apparently, and they're still staring the pots with some americans now calling for even more drones in a move that could really turn into an epic showdown. well, we should hold them accountable and say that if you ever get near another or you asset flying in international waters, your airplane would be shut down. well, what ronald reagan do right now, he would, he would start shooting russian planes down if they were threatening our assets,

american foreign policies and freefall. i can't add much to what you've said. all i can tell you is it on multiple fronts. we're in a danger situation. weakness breeds provocation. they aspire balloon over the united states. shooting down anna american drone, multimillion dollar drone. they know they can get away with it. mexico is blaming us for the fentenol crisis. and joe biden is like a deer in the headlights, he needs to up his game quickly. the appeals of some u. s. lawmakers are beyond the pounds of common sense. a deliberate attack on a russian aircraft in neutral airspace is not as a crime under international law, but an open declaration of war against the largest nuclear power. an armed conflict between russia and the united states would be radically different from the proxy war. the americans are waging remotely against us in ukraine, is the capital willing to put american citizens and the international community at risk of a full gale nuclear war?

give us an answer. distinguish senator, once again we're seeing how western officials are fanning the flames instead of trying to defuse the situation. but there is some lives at the end of this tunnel because at least it resulted in a phone call between the 2 countries military chiefs, for the 1st time in months. the flights a few as drones near crimea were provoked and risked escalating tensions in the black sea. russia will respond in kind to all provocations in the future, so the 2 nuclear powers must act responsibly and maintain channels of communication . we take any potential for escalation very seriously, and that's why i believe it's important to keep the lines of communication open. i think it's really key that her, that we're able to pick up the phone and engage each other. and i think that that, that, that will help to prevent miscalculation going forward. and then it was back to business as usual. it seems with us spy jones back up over the black sea, but at

a safe distance this time. so one lesson learned the rest. now remains unchanged as lloyd austin went back to cheerily. then for more weapons c, ukraine emphasized in the need to ross i had a much anticipated spring offensive. booting has now had a years worth of proof that the united states and the contact group will support ukraine's right to defend itself for the long haul. but putting still hope should he can wear down ukraine in a way to so. so we can't lit up. and we won't ukraine doesn't have any time to waste. and i heard clearly today that our fellow contact group members also know that we have to deliver swiftly and fully on our promise commitments. and that includes delivering, oh, our capabilities to the battlefield. the throne. incidence was the 1st direct

military collision between russia and the wes. this time the only casualty was a multi $1000000.00 aircraft. but the invisible confrontation can sinews and seems to be escalator. let us hope that it doesn't prove to be a case of desperate times calling for desperate measures. in south america, ecuadorian authority say a 6.8 magnitude, earthquake has struck the country. tremors were felt in the nation south and also across the border in northern peru. according to government officials, at least 16 people have been killed in ecuador, but the number of the little t is expected to rise. as several buildings have collapsed and rescuers are now sifting through the rubble a and now to france were there have been persistent protests against the government

plan to raise the pension age. the demonstrations erupt, it after french president emanuel mac wrong, pushed through the pension reform without approval from parliament. i wouldn't show several people detained amid violent clashes with police. in france is 3rd largest city leone. police use tear gas to disperse writers who burned barricades and through objects at them. it's official seen paying is that to visit moscow to meet with vladimir putin next week. and there will be plenty to discuss from the russian chinese strategic partnership to pressing global issues. the signing of bilateral agreements has also been announced with more details to follow. the chinese leaders approach to a supposedly isolated russia has sparked outrage in western media. the

strengthening relationship calls into question us support for regional rivals. as china appears, unafraid to oppose the west, beijing says the partnership is mutually beneficial and not aimed at any 3rd party . should you meet with you? follow johnson. you president. she sheen pink state visit to russia will be a journey of peace practice. true multilateralism based on the principles of non aligned non confrontation with a non targeting of 3rd parties would promote the democratization of international relations to build a multi polar world pattern, improved global governance and contribute to world development. china will uphold an object of an impartial position on the ukraine crisis and play a constructive role in persuading and promoting peace talks. the development of strategic cooperative partnerships between china and russia, benefits both the people of the 2 countries and the world. this differs from the practice of some countries holding the cold war mindset,

forming cliques everywhere, engaging in confrontation, building small circles and camps, and had gemini and bullying everywhere without wooded. china's foreign ministry also said that this is going to be a meeting of peace. that's because beijing is ready to play a constructive role in regulating the ukraine conflict. and we also heard from that foreign ministry of china that there, that beijing is also looking to basically ground these talks and the principles of non confrontation with 3rd parties. so that's all among other topics on the agenda, including a questions of international and regional importance as well as strengthening the strategic or cooperative partnership between these 2 countries. now it's also important to understand that these hawks are, i have just been announced on the backdrop of the marine security belt joint naval exercises which are between china, russia and iran. and these have been taking place in the gulf of all mon,

since march 15th. so it represents another frontier of developing co operation between these 2 countries. in this situation. specifically naval and military cooperation nelson wong, vice chairman of the shanghai center for rem pack. and international studies says ukraine is likely to be at the top of the agenda of all the topics that the 2 country leaders between mr. she and president booking. i think the topic of the ongoing conflict in ukraine is certainly going to be on top of the agenda and that's going to be discussed for jewel. but very mind that china has recently published its position on supporting peace and cease fire of the conflict. so i believe this is certainly going to be discussed. i think this is also

a clear message that has been sent out with regard to the the upcoming visit to present t to moscow. now, china's independence in its foreign policy and his handling of international relations is not going to be influenced or even manipulated, or you've been deterred by and a 3rd party from monday to one day. next week we will be bringing you special coverage of chinese leader shooting things visit to moscow. join us for that both on air and online. ah

ah ah mm mm. mm mm. hello, welcome to well as a part of the united nations security council has the primary responsibility for the maintenance of international peace and security. so recently, body description on the us website. but if we look at the council's efforts to prevent or resolve major international conflicts over the last 2 decades,

will find a very surreal record. is the council still earning its keep? well, to discuss that, i'm now enjoined by 4 on think, professor of diplomacy and disarmament. deborah harlow narrow university and a visiting professor at the university of british columbia. because i think it's great to talk to thank you very much for your time. thank you for having me on your program. now, professor, you wrote recently that one lesson taught by the war in the ukraine, is that the insecurity council as well as are there you and bodies become extremely dysfunctional. whenever the conflict involves one or 2 permanent council members, and that's hardly a new development, i wonder though, if not having this platform would, would have been any better. i t let me say that one security council is the best that we have at this stage. and so with that being said about the un, but the bill for sustaining those embodies is enormous. let's say the,

let me say as an academic, the idea of giving 5 nations an unusual region followed in the un security council was done because of lead from the world has learned from the legal nations, which was an early model of international edition. the assumption was that if any international edition hurts the interests, often image of our mentors for work and they worked, we have 5 countries having to order and united nation and security council have select but had to try to have to really become effective. i think that the question and in that sense that we have not just and the nuclear war is only an example repeatedly. remember the court interest of any of these 5 national guard in world.