i've been speaking to jeffrey sachs. he advised the soviet and russian government at the end of the cold war and now says, as director of the center of sustainable development at columbia university, i asked about the impact of western sanctions on russia. well, the sanctions are definitely having a major effect on the russian economy and that effect will increase over time. but i do want to emphasize that the key point is not sanctions. the key point is reaching a negotiated settlement as president soleski has said in the last day, ukraine is ready for neutrality. it's ready to reach an agreement with russia. i think that this is the most important point. stop the war 5 in agreement and take off the sanctions but could and to the conflicts and end to the invasion have been achieved without those sanctions. i think the sanctions are playing in important role, but the sanctions by themselves don't work. the sanctions have to work together with the negotiations. and so i am cautiously more optimistic today because of the s

ok, jeffrey sachs, director of the center sustainable development at columbia university. thank you very much for your time. pleasure to be with you. thank you. now for break, look at some of the other business stories making the news. rising energy prices, thanks and phone to russia's war and ukraine, weighing on the mood of chimneys can see him as much according to a new survey from post a g f k, which found consumer confidence had dropped to minus 15.5 percent. the conflict has overshadowed optimism from the lifting of kind of it restrictions any of this month . and the g 7 has rejected russia's demand that payment for gas be made in rubles. german vice chancellor roberts havoc has said that that would be a breach of contract and implored countries and companies to continue paying in euro's the european union imports about 40 percent of its natural gas from russia. remember, rushing highs, snap locked down, announced at the weekend, came as a shock to market a surge and cove in 19 cases in the massive metropolis as led to the toughest restrictions in the city. since the

that's the question i put to jeffrey sachs, professor at columbia university.strategist von clausewitz, who defined war as politics with other means. the russians are engaged in politics as part of this. in this horrific way, they have aims — political aims. they've actually stated those political aims very clearly — the neutrality of ukraine, crimea going to russia permanently and juridically, and the independence of two eastern regions — luhansk and donetsk. well, those may not be the outcomes, but they are positions for negotiation. to my mind, they are a basis for real negotiation and forfinding a diplomatic solution. crosstalk. i do not think there is a military solution for ukraine. yeah, are you saying ukraine would need to accept that it would — its future lies in a neutral position, then? it cannot be a member of nato — maybe it cannot be a member of the eu, because that certainly wouldn't feel like it's on president zelensky�*s cards. i think ukraine will not be a member of nato — in fact, nato leaders know this, which makes this all terribly sad and

i've been speaking to jeffrey sachs. he advised the soviet and russian government at the end of the cold war and now says, as director of the center of sustainable development at columbia university, i asked him about the impact of western sanctions on russia. well, the sanctions are definitely having a major effect on the russian economy and that effect will increase over time. but i.

that's the question i put to jeffrey sachs, professor at columbia university. from classmates who defined war as politics with other means. —— von clausewitz. the russians are engaged in politics, they have aims, political aims. politics, they have aims, politicalaims. i politics, they have aims, political aims. i have actually stated those political aims very clearly. the neutrality of ukraine, crimea going to russia permanently and the independence of two eastern regions, luhansk and donetsk. those may not be the outcomes but they are positions for negotiation. to my mind, they are a basis for real negotiation and for finding a diplomatic solution. crosstalk. i do not think— diplomatic solution. crosstalk. i do not think there _ diplomatic solution. crosstalk. i do not think there is _ diplomatic solution. crosstalk. i do not think there is a - i do not think there is a military solution for ukraine. are you saying ukraine would need to accept that it, its future lies in a neutral position, then? it cannot be a member of nato and maybe it cannot be a member o

is to blame for the crisis in ukraine. jeffrey sachs, the famed american economist, the former us defense secretary bob gates, the former british ambassador, sir roderick lynn. he was bastard, a russia, and he said that it was stupid on every level. and if you want to start a war with russia, this is the way of doing it. so the question is, why did they ignore all of these voices, these eminent voices in international relations and on russia doing it because it is perceived now to be to us g o political objectives to expand into your grains so that ukraine is no longer a neutral state on russia's borders at all costs. well if, if vs concerns have been taken into account back in 2008 when this cable was leased . and obviously you said that many officials of voice concerns about the effects of nato expansion on russia. do you think we would see a different state of affairs today? you know, if, if nato had not expanded further east after 2008, we would see not only a completely different situation in western russian relations today we would see an entirely different geo political and interna

to help us answer that we can speak to jeffrey d sachs, professor at columbia university, who has servedies—general. he joins us from new york. thank you very much indeed for your time, jeffrey.— your time, jeffrey. people would ask— your time, jeffrey. people would ask about - your time, jeffrey. people would ask about where i your time, jeffrey. people would ask about where on your time, jeffrey. people - would ask about where on earth diplomacy lies at the moment, but do you see a way out? i but do you see a way out? i think there is a way out, and i think— think there is a way out, and i think negotiations are actually taking — think negotiations are actually taking place, even in the midst of this— taking place, even in the midst of this horrific violence, and the war_ of this horrific violence, and the war strategist von closets who defined war as politics the russians— who defined war as politics the russians are engaged in politics— russians are engaged in politics as part of. they have aims. — politics as part of. they have aims, politicalaims, they have actually— aims, politica