most banks are blocked from swift, international payment system. and russia central bank cannot access around half of its foreign reserves. several multi nationals have also decided to quit the market as part of a boycott, making it even less attractive to do business in russia. now let's spring and timothy ash, he's a senior sovereign strategist for emerging markets at blue bay asset management. and thanks so much for joining us. so we did see russian at the right russian benchmark index rise to day. what do you make of that was pretty artificial. firstly, short selling of stock is not allowed this re limited section of stock, sir, for a for sale, or can you come trade for it? they'll have to trade them at the russian sovereign wealth fund. as basic, put is put aside $10000000000.00 to buy stock. so this is really been artificially maintained because russia wants to train image that their stability and it's, it's, sir, it's regain durst. what regains to believe on the financial markets? i guess you mentioned 10000000000 dollars that the russian sovereign wealth fund has used to help prop up the mark

also keep a watch on the federal bank of russia. -- central bank of russia. could weigh on that currency. the pboc saying it is not quite comfortable with the yuan's strength. it came in to fix it, weaker than anticipated. iron or surging by 4%, brent crude also on the upside, currently at 98.70. the bond market looking like this. we have indonesia, the yields giving up about two basis points. perhaps investors are looking for some shelter in the bond market. rishaad: let's have a look at what is going on overall for regional benchmarks. this is the regional benchmarks, the msci asia index. all major ones moving to the upside. energy not quite as buoyant as usual. the biggest gain are thus far this year in that particular index. industrials, 1.1% up. the market 6/10 of 1% to the upside. arguably a relief rally taking place across this part of the world. russian forces shelling ukraine's second largest city of car give -- largest city. this as both sides agree to meet for more talks on ending russia's weeklong invasion. the latest hit to the russian economy, t

at the same time the bank of russia has enacted quickly in response to sweeping sanctions. the central bank raised its key interest rate to 20% from 9.5%. at the same time it oppose capital control off the flow of capital. the bank of russia governor spoke yesterday. >> today's russia financial system are facing abnormal situations. the bank of russia will use any necessary tools very flexibly. dani: for more, enda curran joins us now. a lot of announcements coming from russia from the bank of russia. at this point, if they want to continue to support the economy, support the ruble, what options do they have left? >> they're going to be pretty painful options. we have to see what they do in terms of their key interest rate because they jacked that up further. what more can they do in terms of controlling the market. we know for trading our colleagues mention the same for the stocker change being close, forcing the companies that fell off holding as well. one interesting thing to keep an eye on is how they choose to access any of their reserves that are held overseas. there i

russia, is there one that stands out to you? >> the sanctions issued by the united states and europe and japan and other members of the g7 against the central bankt in history. the central bank of russia has about $630 billion worth of assets. when sanctions were first ratcheted up against iran about 15 years ago the iranian economy at its peak was only $550 billion. so the sanctions action is larger in its impact perhaps than all imposed on iraq. i want to stress this is a really unprecedented action and it shows pretty remarkable unity that it's not only the united states and europe but also other countries joining in and shutting off the central bank of russia's access to all of global financial markets. >> what do you think the effect will be? i know it's a lot of sanctions, as you just mentioned. they are perhaps the strongest in history. what will the effect of these sanctions be politically speaking? >> sure, yes, so as you heard in the most recent segment the effects on the ground in russia are dramatic seeing a substantial financial crisis. everyone from the man in the street to russian oligarchs to people in meetings with putin are bei

in many ways, this was billed as the mother of all sanctions, but russia's banks and all those paymentsbonds and dollars continue to go ahead, so clearly there are loopholes here to close. when it comes to the new sanctions, i struggle to get my head around against -- around what is going to be sanctioned. the 20 seven countries are going to have to sign an approval on any new sanctions that will come through and every diplomat i ask , and i have put this question to at least six officials in the past two days, is are we going to see anything that looks like even a partial energy embargo from russia? come friday, we are not expecting fireworks. what we do expect is a conversation about european membership for ukraine, more weapons, but also how to assist. the conversation on energy, what i hear, what the market seemed to be pricing in is different. you alluded to this, the big announcement from nestle. i want to remind everyone saturday the president of ukraine gave a speech before officials that was broadcast across switzerland and said nestle promises good food. the people of mariupol

of the atlantic. jonathan: another central bank we are looking at, the central bank of russia to leave rates unchanged. 20%, and offering an assessment of restructuring for it that has to take place. i think that word is diplomatic, to say the least. restructuring needs to take place in russia. we will hear from that later, 10 a.m. eastern time. several hours from now. looking forward to hearing what she has to say. and looking ahead to next week, we keep going back to talks about talks. this talk about the actual talks. the chancellor is inviting g7 leaders in russia. -- brussels. the president is likely to attend all of this as well. lining up for a big week week. lisa: a big week to create a crescendo to ring this conflict to a close. picking up on what you said about russia, and the diplomacy of those statements, they also say that it sees a decline in the gdp over the coming quarters. you think? businesses are reporting logistical difficulties. again, a diplomatic way of saying our economy has been torpedoed in two weeks. how much do you see europe starting to respond, and how much will russia co

time for the bank of russia. they will review their latest rate decision as the economy struggles to -- sanctions. data from the united states of america. mortgage in america, 4%. over 4%. that is an impact. dani: it absolutely is. we will be keeping a close eye on all of that as the day unfolds. at the same time, we will continue to watch the impact in the economy when it comes to ukraine and more. coming up, we will discuss just that with our next guest, from northern trust. manus: from credit suisse, our guest joins the team with her equity outlook. this is bloomberg. ♪ >> owing to the war, europeans will in the short term confront higher inflation and lower economic growth. accordingly, the challenges facing monetary policy are changing. we are unlikely to return to the same dynamics we saw before the pandemic. >> fiscal policy makers -- what we are seeing now is a hit to consumers of energy and those of food and that needs to be addressed with fiscal measures. >> we have begun adjusting policy so that when th

directly imply to them or to those in exposures in russia, it is the unknowing mess of what comes next and how the flow of goods will work with any russian banks cut off from the swift system. we see a lot of industries like daimler and renault to oil and gas pulling back or getting rid of their russia exposure. oil and gas is an interesting one. yesterday it was bp and equinor. late yesterday after the close, and shall joining in and saying they would exit their equity partnership with gazprom. it is a small part of the overall picture for shall, so in terms of impact it is minimal. we are seeing shall rise slightly today but i should say in general, a lot of these stocks sold off yesterday so it is this rebound of calmness of volatility. total also up more than 1%. they're looking to offset their russian exposure. it is a rebound and also a slight rebound for banks as well. oil and gas up less than 0.5%. this is another corporate space to watch. is there a risk of more u.s. dollar and european funding crisis if we start to see missed payments because russian banks no longer have access to the west? tom: thank you for running us through the c

night saying we are not take another drop of oil or gas from russia until they pull all their weapons out of ukraine? >> it's important to remember the central bankoes not actually designated for sanctions by the united states. it's not on trevor he sanctions lists. it's either burbank or one of the largest banks in russia, we have to have a full designation of the banks and we need to stop this exemption for energy trade. if you put all the money to ensure putin can't get to it. we have to have the swift system disconnected from the central bank throughout russia. we are not all in on the pressures today and we can become a unlikely care to go there, but i want to hear out a plan for the future. what's the plan to continue to build up nato, the plan to deter russia or the long term, this is a threat that's not going to be clocked today and tomorrow, but over the nine weeks, months, to count. >> trace: you get the feeling initially they could not stand their ground but after six days they believe maybe they can. things are changing because of that. >> i get the sense of the white house originally conceded that ukraine was going to fall under russ

s. declared that any assets held by the central bank of russia in the u. s. such as gold will be declared and accessible. i'm sure russia central bank took notice of that took it seriously. and even last week, when president joe biden threatened russia's business, the lead by saying that we're going to come and get your ill be gotten gains during the state of the union address. i'm pretty sure rush and business owners and the government took that seriously. and then we have rushes response, the back and forth continues. yes, so all the likes of mcdonalds, coca cola, starbucks expecting the russian government to react to that pulling out of the country. these companies that are still in russia, the must expect retaliation when it comes to russia. these last 2 weeks. one thing we've learned is that their actions are hard to predict and well, it is, isn't it better to be safe than, sorry. and these are in some small mom and pop shops, or some guy renting, trying to sneak out and disappear overnight from a landlord after not paying rent. these are multimillion

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the bank of russia introduce that instruction last night. what it means is a freeze on local security sales by foreigners and foreigners are left holding almost 3 trillion rubles of debt, on which they can get coupon payments but not receive them. the bank has said that the payments will be made but those that hold the bonds won't actually get them. dani: thank you so much for the update. president biden has flamed vladimir putin's invasion of ukraine, calling the russian leader a dictator and warned that the war will leave his country weaker. in his state of the union address, he pledged to fight inflation and turn the page on the pandemic. >> a russian dictator invading a foreign country. he thought he could roll into ukraine in the world would roll over. instead, he met with a wall of strength he never anticipated or imagined. he met the ukrainian people. i'm taking robust action to make sure the pain of our sanctions is targeted at russian economy. we will join our allies in clothing -- closing off american airspace. inflation is robbing

i think the sanctions against the central bank of russia have made a real difference. and that's why you're seeing the collapse of the rubel. and i'm hopeful that that together with what i hope i'm more broad sanctions against all state against all state oil and gas companies. which have not yet been sanction. and in that is really critical because right now they are still earning money and finance in this war with other sanctions in place. so i think that we've gotten a good start to the sanctions. they are painful in terms of the currency, but we need to do more to stop the west for financing this war. how can we, on one hand, be providing weaponry? and on the other hand, spending about $700000000.00 a day between the u. s. u. k and e, you are purchasing russian goods. we have to stop when you say russian goods, i presume you're speaking primarily about up about gas and oil, but up anyway, sanctions cut both ways of course, how or all these sanctions, why cli, to effect other countries with business interest in russia? well, i hope it puts everyone on notice. they nee

it is not about swift, bank of russia, all of the decisions we are covering. jonathan: you sell the depositary receipts in london trading, some like spare bank down 74% on london trading on the depositary receipt. lisa:, which is this is that it is one of the only areas of liquidity and a market that is otherwise nonexistent. there is almost no trading in russian assets. you are going to freeze it because if people withdraw money, how will you sell it to give redemptions. jonathan: the ruble at 102. lisa: people are basically saying this market has been frozen and there closing the exchange and the bank is taking all actions necessary. the question is, what with the ruble look like in a free market right now? jonathan: futures down .7% on the s&p. the nasdaq down by three quarters of 1%. from new york city, good morning to you all. the yield lower by 11 basis points to 1.72. we were 30 basis points just a few trading days ago. as we price out more rate hikes with the and ecb. crude close to 100, 99 point 94, up by 4%. from new york city, this is bloomberg. ♪ i'

lisa, the bank of russia to allow training in 33 stocks tomorrow.isa: will it be only domestic traders? there are so many sanctions prohibiting trading from foreigners, prohibiting money from coming in in dollars. how much is their incentive? it is pushing harder and harder. they had eased a bit over the past week. >> how does the fed lower inflation if they are seeing that ongoing easing of natural conditions, seeing stocks continue to rally, and how much is it -- i won't use the t -word. how much is this a belief in base effects coming and allowing inflation to go back down, even to 4%? is that enough for the fed to say we are making some progress? jonathan: i think even that phrase wound you up. lisa: it doesn't take much to want me up. jonathan: a major supply type response this year and on the covid front, perhaps maybe they get it. kailey: from moderna, which is one of the vaccine-makers. it is releasing the results of its testing in children under six, finding that the vaccine does deliver an immune response to boost antibody levels in those

of central banks. but with the details of the move still yet to be announced, it is likely to limit russia's ability to backstop the nation's banks. yeah, and that is a notable, especially as we talk about all these measures that are being pursued. and yet, at the same time, we have the kind of keeping away from going really severely after russia's energy sector. now, given that europe relies on russia for around 40 percent of their natural gas supply, how much of an impact would have on europe, specifically if they were to target brushes, energy supplies, moving forward. now kicking russia out of slip that will hurt other economies, including germany. and russia, plays a very big role in the global energy trade entries about 80000000000 euros with the e u, which is 10 times as much as the u. s. so germany, they've initially bought that the measure as it could hit them hard and caused energy supply disruptions that would in turn plunge their own country into chaos. so for now, energy is not being targeted and officials are still trying to be very selective with the banks that are cut off so that they d

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine. but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah ah ah ah ah ah. with who was making the headlines and what's behind been dw, news africa. the show that the issue is shaping the continent. life is slowly getting back to normal you way on the streets to give you in the report on the inside our correspond that was on the ground reporting from across the continent. all the trains doesn't matter to you. 90 minutes on d. w. o . a thing with ah, with ah ah ah, the sustainable you news life from berlin, russia widens. they

in the international arena, including when they began to seize the assets of both the central bank of russia and our private companies. it's just tests have abandoned all those rules that have been implemented into international life for more than 70 years. they have now simply crossed out those rules and returned to the gangster wild capitalism of the times, the gold rush. the general assembly is voted overwhelmingly in favor for resolutions demanding that russia withdraw its troops and on binding resolution deplore the invasion, but doesn't condemn it. landon's chelsea football club has been put up for sale by russia. i know roman, but i'm of it. she says he will donate the proceeds to help victims. the banana has been on the pressure to denounce russia's invasion. i've also been calls for the british government to add a brokovich to sanctions list. a problem of his own chelsea since 2003. those are headlines, nice continues. he went out to 0 to which the stay with al jazeera goes beneath the waves with a team of women. determined to say, the dolphin will share the same with me to do somet

in the international arena, including when they began to seize the assets of both the central bank of russia and their private companies. it's just test ever bandon all those routes that have been implemented into international life more than 70 years. they have now simply crossed out those rules and returned to the gangster wild capitalism of the times of the gold rush. the general assembly, his vice said, overwhelmingly in favor of the resolution demand thing that russia wasteful is a non binding resolution to plough of the invasion, but doesn't condemn it. and in 41 nation is voted in favor and 5 against russia and better bruce were among them. 55 countries upstate london, chelsea football club has been put up to fail by a russian owner roman and brockovitch who says he will donate the proceeds to help victims. but he has been on the pressure to denounce roches invasion. they've also been calls for the british government and problem of h to it's sanctioned list. he's own chelsea since 2003 and help turn it into a trophy winning site. approve. it says move to cell is in the best interest o

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin. but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas, and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine, but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah ah ah ah ah ah ah, with conflict with sebastian has nato accepted that ukraine before or could it still see a moral imperative to intervene directly in combat? my guest is weak from washington is constant stuff in my life. a foreign security expert at the brookings institution from a freshman from germany and from google and think relation. conflict zone. 90 minutes on d. w. a put over. mentioned home, the force i'm hold on. i was missing a valley that the last dragon

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine. but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah ah ah ah. ah a with the amount of plastic is increasing every year for many im gonna working on landfills pretty only work very holiday destinations drowning in plastic white line and happy to look at the car with every year. europe exports over 1000000 tons winding with there. another way, after all, the environment isn't to recyclable. make up your own mind. d. w, made for mines every day. for us and for our planet. global ideas is on its way to bring you more conser

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine. but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah, ah ah ah ah. ah, a with who is the end of the pandemic in sight? we show what it could look like will return to normal and we visit those who are finding it difficult with success in our weekly coping 19, especially over $910.00 special in 30 minutes on d. w into the conflict. so with sebastian has nato accepted that ukraine will fall, or could it still see a moral imperative to intervene directly in combat? my guest this week from washington, wisconsin, spelled simil

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine. but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah, ah ah, ah ah ah. ah, with you. ah, the youngest victims, a round half of ukrainian refugees are children escaping the constant danger. they had to say good bye and the trauma will stay with focus on europe. 30 minutes on d, w. ah. with every day counts for us and for our planet. a building is on its way to bring you more conservation. how do we make cities, reader, how can we protect habitat, what to do with a ball? our ways we can make a difference by choosing smartn

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective. he says, the sanctions need to hit russia is biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine, but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah ah ah ah, with who to the point. strong opinion, clear positions, international perspectives. i thought is war rages on the as a terrifying question. hang over eastern europe. really stop in ukraine or we risk a confrontation with nato. so on another special edition of to the point we ask proteins, war is he really threatening eastern europe to the point with d. w. leading into the conflict zone with sebastian has nato accepted that ukraine will fall, or could it stil

bank reserves to boost liquidity. so all of these dramatic steps together, they underlined fears of a run on rushes banks, and already there are huge lines to withdraw. cash at 18th in russia, and the banks have reported significant outflows of deposits in a very short period of time. while it's a lot of concern that's continuing going from the top down to the average people there. now, when it comes to the measures of the u. s. u and the u. k. are taking against russia right now. what do we know and do we know what exactly is being cut off from the swiss payment system so far? well, over the weekend, the us european allies in canada, they agreed to cut off key russian banks from the swift messaging system which connects more than $11000.00 banks. now this is a very significant move, and it means that there's going to be an enormous scramble for dollars in russia. and now russia over the past several years, they've a mass, a huge war, chest of some $630000000000.00 in foreign reserves, which is at its highest level ever right now. so this war chest will help it to withstand sanctions and losses and export revenue. however, if some of those assets are frozen, that changes t

of mr. putin and his oligarchs in an effort to freeze those assets that are outside russia. we are denying the banksia entry into the swift em. we are denying russia's participation in international organization. -- oanizations. we are denying the right for russia to fly over our country. it is having a major impact on putin, his associates and his country. we now see protests in russia itself, throughout the country people recognizing this is wrong. we are urging the leadership within russia to say to mr. putin he has got to change his ways. for the sake of our own country and for the sake of what is decent. laura: in the last five days, there is talk of finland and swed may be joining nato. you see switzerland and singapore joining sanctions against russia. has president clinton upended the world order, but not in the way he intended? >> absolutely. he has done something we haven't been able to do for a while, unify the free world. nato has never been stronger, as you can see from the commitments we are making to the countries that border russia. you are seeing now countries that have prided being

and russia could move towards chinese financial initiatives set up to rival west. they include greater use of the chinese currency and the cross border into bank payment system. russia is also leaning on its significant gold reserves, and another work around could be great to use of crypto currency. now, from the city of groaning and in the netherlands, i'm joined by francesca do man live. francesco is definitely head of department and associate professor of international relations at the university of groaning and good to have you with us. so interestingly, the west have has not put sanctions so far on russian oil and gas. how serious are the sanctions without that component? sanctions, without their complaining as been unprecedented precedent as a very serious 1. 1 week ago it was likely before the means, like a petition started. very few would have considered that imposing sanctions on the reserves of the central banquet actually cedars option. so many people who say, listen until you touch the energy and the gas sector, the oil and gas sector, then very likely the impact is not going to be feasible. but with the amount of relevance of the

for three 100, the bank of russia dedicated a commemorative coin of 3 rubles to this series of cartoonsncidence that it doesn't. three heroes coin was issued not so long ago in 2017 we continue. 200 you have 600 from dmitry -500 yuri dmitry topic two stars 100 or 500 500 attention to the screen. a historical photograph captured the meeting of two great athletes of his time, with whom muhammad ali is embracing, maybe it is pele. this is the correct answer . and what kind of wife catherine the sixth became no. she became the fifth wife of henry vii history of britain for 500 kuna billin leader the celtic trinabant tribe of the inhabitants of southern britain became the title character of shakespeare's play under this name, cymbeline, a correctly latinized version, we play further cranes for 300. according to ancient ideas, these fist-sized people who lived at the end of the world were always at enmity with the cranes. back and forth for 400 you must remember that in this thread the answer must be read both from right to left and from left to right. here is the question. yes, the invention

ntv country of talents premiere on friday at 21:00 on ntv skb-bank is changing now it is the sinar bank sinara group is one of the largest financial and industrial holdings in russia and now skb-bank is named sinar gennady urgently. come to me prostatitis you are not the boss for the fight against prostatitis the drug asked for the fibrous property of landidat landidat, do not adjust your life to prostatitis i am ready to spend days and nights on a recipe for ice cream with truffle and caramel. but you know what i'm not ready to put my business on pause. get free service for six months and 15% on the opening bank account balance when hemorrhoids are uncomfortable to sit uncomfortable to drive. but hemorrhoids are convenient to treat, when the bottom complex remedy can help relieve pain, itching and burning, and potter is a convenient treatment for an uncomfortable disease. volt without us and you do everything wrong. continue. register a business with alpha bank and open an account with free service, alpha bank, residents of a multi-storey building share their apartments with bedbugs, flies, cockroaches and maggots. well, he lives in the garbage, whether? no, we d

do them no good. >> alfonsi: on friday, in a case of audacious nation-state spin, the central bank of russiatering economy as "a large scale structural transformation." days earlier, during a televised address, vladimir putin admitted his country's economy had taken a hit from the barrage of sanctions and warned "it won't be easy" for russians, who should expect a rise in prices and unemployment. >> richard nephew: the idea is to put so much pressure on him that he has to make a change to his policy. >> alfonsi: but could all that pressure backfire? >> nephew: absolutely. >> alfonsi: richard nephew knows about dictators feeling cornered. nephew worked on the iran sanctions during the obama administration, and left the state department last month. he told us sanctioning an autocrat such as putin comes with risk. >> nephew: a couple weeks ago, they were talking about alerting their strategic nuclear forces. they've already talked about how this is economic warfare and that they will retain the ability to respond accordingly. and if you think about that, right now they're in the midst of actual

banking sector, those two comprise something like 45% to 50% by themselves, an enormous concentration of the sector of those two banks. those sanctions have huge effects, and on the other sanctions, especially central bank of russiahave caused real panic in russian markets. russia kept its markets closed for the last week and it will open up wednesday, presumably to any absolute firesale probably. that will have a big impact across the economy and an impact on whether those banks have enough money to reduce lines at atm's. there -- the banks are often a good target because of the and scope of impact throughout the economy. host: let's hear from ralph, washington, dc, independent line. hello. caller: hi. this is absolutely insane. weren't you telling people the price of fertilizer would go up three times? or we would be paying seven dollars or eight dollars per gallon for gasoline, or our food processors would get more expensive. you guys want to put sanctions on everybody. this is like it is an art form. we started this. putin, we had an agreement with russia that we would not put nato on their borders and then we keep pushing nato into ukraine, he warned us time and again, and i'm watching the news media with al

and here again the historical maximum was fixed by the central bank of russia 120 rubles. 38 kop. w, the central bank set a rate of 9566. well, let's write off the fatigue biden flies around europe nato summits the european union and poland warsaw the european capital of russophobia 45 of our diplomats, 2/3 even more were expelled by the poles. at least take it in general by its property to close. but the american president was received in the courtyard of the castle of the polish kings. waiting for a message to the free world turned out, as always. putin set himself a bad goal, he's like all autocrats believes that whoever is stronger is right, but us president abraham lincoln said that strength is in truth so let's prove it. well, first of all, whoever is stronger is right. whose sliver would say, huh? secondly, if we turn to lincoln, so beaten, one can recall such, for example, his words, who deny the freedom of another himself freedom does not deserve the end of the quote or these you can fool some all the time. you can fool everyone for a while, but you can’t fool everyone all

banks and that was one of them. i went down and got taken over by the central bank of russia and it's been restructured. and that one's been read off to as now stay and, and it's been really tough to specifically from the defense industry. so it's a military bank. now it does all the arm stills and facilitates all those deals and, and russia exports $15000000000.00 worth a year. so it's a big business. i'm, so i would be to sell some escrow accounts in london for dealing internationally. i mean, russia, russia, so around the world is a huge contracts with india, with china, with brazil, with london. so what's the point of this thing? if you go off to the bank, i mean, it's part of the international financial system. and if you block business in london, that's a serious inconvenience. i mean, it's the same with the states. if they put sanctions on the bank, then you can also sanction anybody who does business with it. and so if a u. s. sanction on a russian bank, that's effectively a global bank on using that bank at school. so that it's not stupid. i mean, if they go after it's going to have to find ano

this is due to the fact that the foreign exchange reserves of the bank of russia were frozen by the eu member states , it is noted that the decision should not lead to a deterioration in contractual conditions for european importers of our fuel earlier vladimir putin said that moscow would continue to supply gas in volumes and at prices that are fixed in previously concluded contracts, since our country values ​​​​its reputation also putin and scholz. other topics covered, in particular exchanged views, and the russian-ukrainian talks held in istanbul, and today the russian leader had another telephone conversation with italian prime minister mario draghi on the same topic as the results of the talks in turkey and payment for russian gas in rubles. the next round of russian-ukrainian talks has become one of the main topics of today's meetings of sergey lavrov with foreign colleagues this morning, the head of our foreign ministry arrived in china, we regard the results of the talks that took place yesterday in istanbul as a positive step forward. it's not yet final result. but the fact

of state assets have been frozen. while russia has dollar reserves of $640000000000.00, the country central bank is unable to access about half of that due to the sanctions. russia's international bonds are worth about $40000000000.00. $117000000.00 are due today, while a principle payment of $2000000000.00 is due on april 4th. the ration finance minister and tonsil one of said moscow will pay it sets in roubles if western sanctions keep a blocking access to its dollar reserves. credit ratings agency fetch warned that pain and rebels with constitute sovereign default. if russia won transfer dollars to its creditors within the next month, the international monetary fund like as rushes economies now projected to decline significantly and what impact will that have to the global autonomy? let's remembered that the reason there unprecedented sexes is because the unthinkable happened. a devastating war in ukraine and the impact of the sanction is quite severe. for the russian economy. we expect deep recession in russia. this lamp is expected to hit neighboring countries such as georgia in moldova, which are both heavily relia

and i am waiting until march 31 for a report from the cabinet of ministers of the bank of russia of gazproms on changing the currency of payment. ah, for rubles for gas supplies, outside friendly countries, in fact. and this is not the only one. here in this, in this, so to speak, our new strategy. it's not the only factor. we announced this. europe responded by saying yes, like, in general, no matter how impossible we will not take it, we will find other sources somewhere. and here to the question of how the world is changing, and there are two important statements out of two important ones. e countries, and again, moreover, europe confirms that it will remain dependent until the age of 27, but it is trying to twitch somewhere, and here are two important statements, please. oil markets need russian oil, no state will be able to replace it in supplies somehow. well, by running a little, the minister of energy of the united arab emirates , that is, we are, as it were, talking about gas, but he, apparently, understands that where there is gas and oil, and already, as if running in the europea

case, it is not worth it in the near future, and in this regard, i ask the governments of the bank of russiae constituent entities of the federation , when building systemic work to develop the economy of its separate sectors, to focus on the fact that the sanctions pressure on our country, as it was and the previous decade, will continue. it is necessary to highlight two fundamental moment. now, uh, the first, thanks to efforts, including russia, the hegemony of the west is collapsing, the hegemony of the united states of america is collapsing and the world is moving completely into a new article and the second a very important moment connected with this is that the world is returning, if you like, to the earth, with regard to hegemony in the united states, they broke europe through the knee, forcing them to follow their logics. the longer our american colleagues do this, the more europe will understand that it is not just losing its own sovereignty, its own interests and its own values. and the more they will understand that you need to eat something. that is, they will return to earth the

case, it is not worth it in the near future, and in this regard i ask the governments of the bank of russiae constituent entities of the federation , when building systematic work to develop the economy of its individual sectors, to focus on the fact that the sanctions pressure on our country, as it was in the previous decades , will continue for decades, but look, uh, because uh, there are other countries besides europe now lavrov in india before that in china conversations not only with chinese colleagues, but also with other colleagues from countries, and those countries. i think the united states does not take this into account, they see how first the sacrifice of a pawn, ukraine is now the sacrifice of a bishop in this chess game. this is europe and they understand that if they remain in the system, the next sacrifice will be the queen, so that the king remains, so what is being done by us in the foreign policy arena is very important. yes, the fact that we are actively working with those who are closely following the possession of certain positions and are starting to go forward in ou

or willing to deliver, but keys will shine, does believe that the decision to exclude many of russia's major banks from the international payment system. swift could really put pressure on vladimir putin, but to be fully effective, he says, the sanctions need to hit russia's biggest sources of income, gas and oil. and that's it for this edition of made. we spoke about the calculations involved in the effort to defend ukraine. but more than the economic considerations, the fight to stand up to moscow is a battle for european values, democracy, freedom, and respect for human dignity. thank you for watching. join us again next week. ah ah ah ah. ah, a with who are the youngest victims, a round half of ukrainian refugees on children escaping the constant danger. they had to say good bye and the trauma will stay with focus on europe. in 30 minutes on d. w. is the end of the pandemic in sight. we feel what it could look like will return to normal and we visit those who are finding it difficult with success in our weekly coping 19, especially over 9 to special 90 minutes on d. w. o. ah. pulled with with

it is, is not reaching just below, just under a 100 rubles per dollar on top of that, the bank of russia has higher massively, the key rates. so now it's 20 percent and that's a, that's more than double compared to what it was just yesterday. so that is done, of course, all suit to support to support the national currency. now, of course some russian, some big russian, you know, businessmen, they have criticize this because of course, with this with, with the key rates. so high money is so expensive. borrowing money is so expensive for the companies. well, but weld the russian government says it has to be done. but again, unfortunately for the russian economy, the west is saying that, well, this could be that there's more where that came from. so they might impose more sanctions and they have this intention. germany's largest operator of energy no work has rejected demands to shut down the nordstrom one gas pipeline, have sanctions against russia over the conflict in ukraine. local media have reported that the operator, germany eel, has refused to suspend the pipeline as poland has deman