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joining us now is michael mcfaul, who served as the us ambassador to russia from 2012 to 2014.analyst, and this is a moment in which, ambassador, your words and mine collide because i follow the economic side of things. this is a big issue. russia. russian natural gas is not flowing across ukraine into europe anymore. russian oil is not flowing to most places anymore. and there are sanctions on energy companies. russia really does depend on its fossil fuels. in order to get money to finance things in, in, in normal times, not just in, in war, but in war. this is really important. >> without question, they rely desperately on exporting oil and gas. and sanctions have had a big impact on that over the years. >> but because the sanctions were successful in it was a price gap that the g7 agreed to. >> it meant that the russian government pushed their shipping of the oil into what is the shadow fleet. right. >> and so today, what is extraordinary about today is the biden administration is trying to shut down that shadow fleet, that 200 ships, and now that they're sanctioned, will no

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ambassador to russia michael mcfaul and the bbc's katty kay.ry much for being on this morning, nbc's keir simmons, thank you as well for your reporting this morning. and up next on morning joe live coverage out of washington, d.c, as donald trump is set to take the oath of office and kick off his second white house term, our reporters are standing by with what to expect, including trump's flurry of executive orders he plans to enact just hours from now. and as we go to break a look at the new cover of time depicting trump tossing papers and a pair of aviator glasses off the resolute desk with the caption reading he's back and we're back in 90s. i fight for my meals. >> you'll be back. emus can't help people customize and save with liberty mutual. >> and doug will. >> i'll be only pay for what you need. liberty, liberty, liberty, liberty. >> everyone move out. >> we look a plus an additional 15% with code lumen tv. >> and there is a lot going on as we lead up to the presidential inauguration of donald trump. first, the president elect and his wi