judy: andrew weiss, what about that? that we have seen this next level of sanctions being imposed by the united states, by the u.k. and others, do you see that having an effect? andrew: i think the u.s. and western response, in the level of coordination and joint action, is quite impressive. and we're going to see far-reaching effects from the sanctions that have been announced and the ones that will come as early as this evening and tomorrow morning from the european union. the challenge is, the theory right now that i believe western policy-makers have is, they're going to see spectacular effects in russia asset markets, we will see dislocation and we will see disruption in everyday life. the hope is that that somehow promotes cleavages in putin's relationship with the russian elite and with the russian people. there's a problem with the theory of the case, which is that, for the russian elite, they're more putin's employees than they are as equals. and when it comes to the russian people, their lives are quite hard. d

and andrew weiss.ed during as director for russian, ukrainian, and eurasian affairs on the national security council staff, and as a member "newshour". so we just heard from deputy treasury secretary andrew weiss. let me start with you. do these russian banks have exposure to the u.s. financial systems and does targeting russian oligarchs and sovereign debt have any impact? >> let's talk about what vladimir putin uses to fund his economy. he sells raw materials on global markets for dollars, so every day russia sells 4 million barrels of oil. oil right now is fluctuating around $100 a barrel. that is a remarkable cash flow president putin is able to harness for whatever person and money is always fungible. since 2014 crisis, the russian economy, broadly speaking, has taken the reliance it once had on foreign capital markets and basically tossed it aside. so the russian economy today is increasingly cut off from the global economy and far less dependent on western capital markets to fund itself. it is c

andrew weiss served in the george h. w. bush and clinton administrations on the national security council staff and the state department's policy planning staff. he's now vice president for studies at carnegie endowment for international peace, a think tank. and angela stent worked in the state department during the clinton administration and served as a top u.s. intelligence officer on russia during the george w. bush administration. she's now a professor at georgetown university. welcome all three of you back to the newshour. the first thing i want to ask you is what you think vladimir putin is trying to accomplish here and doug lute i will start where you. >> well, i think his objective is clear, it st regime change. i think on the other hand, he will be reluctant to try to occupy all of ukraine. and that is where the rub is. the dirchtion between-- difference between overthrowing the zelensky regime, replacing it it wih a puppet government is one thing. but it is a big gap between that and being able to control ukraine,

nick: andrew weiss, thank you very much. andrew weiss: thank you.essa: we will return to the full program after the latest headlines. updating our top story, the u.s. state department late tonight recommends american citizens leave belarus immediately, due to russian military buildup along the belarus border with ukraine. meanwhile, the government of canada declared an emergency today, targeting demonstrators who have tied up the capital city of ottawa at critical border crossings. john yang reports. >> or the first time today in a bid to halt anti-vaccine protest, including the authority to -- the federal government has invoked emergency -- the emergencies act to supplement provincial and territorial capacity to address the blockades and occupation. the police will be given more tools to restore order in places where public assemblies can constitute illegal and dangerous activities, such as blockades and occupations, as seen in ottawa, the ambassador bridge, and elsewhere. john: the move comes after police cleared the ambassador bridge between detr

andrew weiss served in the george h.w. bush and clinton administrations on the national security council staff and in the state department. he's now with the carnegie endowment for international peace. and adam smith is a former u.s. treasury official and served on the national security council staff during the obama administration. he's now a partner with gibson, dunn and crutcher, an international law firm. >> woodruff: welcome a three of you to the newshour. doug lute, lt me start with you and the military situation. we had been hearing that the russians were having a more difficult time than they expected. but just in the last few hours this afternoon, we're hearing about increased shelling of kharkiv. we're hearing and seeing evidence the russians are moving closer to kyiv. what is your understanding of what the military situation is right now? >> well, judy, i think we should appreciate that we're in the very early days of what we should expect to be a long, protracted military campaign. clearly, even in these early

for perspective, we turned to stephen have a, national turning the bush administration, and andrew weissthe bush and clinton administrations on the national security council staff and the policy planning staff. it welcome both of you back to the newshour. we heard from the deputy treasury secretary. duties russian banks at exposure to the u.s. financial system and targeted carbon -- sovereign debt have any impact. mr. hadley: he sells raw materials on global markets for dollars so every day russia sells 4 million barrels of oil. oil right now is fluctuating around $100 a barrel, a remarkable cash flow putin is able to harness. money is always fungible. since the 2014 crisis, the russian economy broadly speaking has taken the alliance -- reliance it had on capital markets and tossed it aside. the russian economy today is increasingly cut off from the global economy and far less depended on western capital markets to fund itself. it is clear putting sanctions on well-connected people is annoying and frustrating to them, but remember they are harg -- hawkish figures around vladimir putin wh

. >> schifrin: for more on all of this we turn to andrew weiss.ssian affairs in both the george h.w. bush and clinton administrations. he is now vice president for studies at the carnegie endowment for international peace. welcome back to the fushour, we'll get to this information in a second but let's talk about the troops on the border. u.s. officials tell me that those troops are increasing their redness even in the last few days. but does lavrov's diplomatic reference today provide any kind of offense. >> the russian government has been negotiating perform tiffly, the issues russia put on the table are ideas and assurances that it knows it can't get. and the west for its part is also acting perform tiffly because we are in a situation similar to where you have a person taken hostage inside a bank, you want to keep them talking, you want to keep them on the phone, so in the west view, the best outcome here would be endless dim lo mattic discussions, i wldn't focus on what lavrov said but on what a put inside. he repeated something today that he