the russian rubel is not a tradeable currency right now. you are seeing unemployment rise in russia, russia isn't able to import a lot of goods it needs for manufacturing sector and one of the points structurally going forward enormous brain drain russia's best and brightest diaspora to united states and asia. it's been damaged in systematic and structural way that will hurt them a couple of generations. arthel: of course, they don't follow the same rules at all. india and other countries continue to go do business with russia, it's watering down or washing out the effects and impacts of u.s. sanctions. is this a game-changer or do i have that wrong? >> no, it undermines western sanctions to a degree because russian are able to import, now getting a lot of hard currency earnings. remember when president biden declared war on the american energy. that's the biggest gift to putin. the russians are beneficiaries as are the saudis. if we are energy independent that would be the best weapon that we can have against the saudis because russia is c

they're going to cause russia to simply formalize its rubel link to oil on goal. yeah. something around avenue, cause that dollar it gonna call that called a dollars bluff, essentially igniting this kind of, if you will, in a star worse and sensitive reactor core of the modern death star of petro dollar, her gemini, it's going to lead to the dollar. and the death stars ex, explosion, fully embargoes, russia, which is also on deck. i mean, i don't know how they're going to try to do that, but the embargoed russian energy exports were do the same, thereby bankrupting this over leverage trans atlantic financed a mechanism by triggering a mag, a short squeeze on vital systems supporting gold, shorting derivatives and london and you're not supposed to say that, but gold is still very vital to everything. the russians know, and they've done their homework. you keep pushing, if they're gonna make rouble to oil and gold, and they're going to put a base on their currency as well as gold itself. and it's gonna, it's gonna cause are spiraling catastrophe within trans atlantic find

who wouldn't like to see mechanisms that are designed to prop up the rubel or to undermine the dollar based financial system or to sicken vents of financial sanctions was started as a trickle is beginning to look like a stream. and then all comes in response to a us government that knows exactly how powerful its currency is and has been years working to weaponized it against other countries. the only problem, all those countries are now starting to show there is strength in numbers. as a pushback with increasing power, the problem is that there's a real there's a real split in where the united states should go even further in washington dc. i've been identifying what i think is a sincere split between the federal reserve and commercial banking interest in the us and white house policy and us treasury policy. i don't think those 2 groups are on the same page, and i think there's a very strong group of people within the us who realized that having the world's reserve currency is a burden we can no longer afford to have. and lar, encouraging this kind of d dollarization, the big question

and particularly in the town of her son, they're not participating by not using the rubel. they liked him to oppose, perhaps boycotting the referendum. and there's also partisan, so an underground that is blowing up railway tracks, redway bridges, armored rail road, cars carrying ammunition, doing all kinds of things are probably only hearing a little part of in order to push back. meanwhile, the ukrainian troops are shelling and slowly advancing their within about 2020 kilometers of course on city itself. detail you correspondent, exposure in keith. thank you. here's a quick look at so more stories making use around the world. hollywood actor james can, has died aged 82. he was best known for his role as sony corleone in france's for capital as the godfather, for which he was nominated for an academy award as best supporting actor. he also appeared in films by celebrated directors, robert altman, and howard walks. i think it's good. the trials of officials in connection with the deadly 2018 bridge collapse in the italian city of genoa has begun. 59 people are facing charge

now, for, for example, this idea about doing trade, iranian russian trade and introducing the rubel as a currency for iranian russian trade is something that may not have happened not been on the table before. sanctions were maximized on russia in the same way that it was on iran. so the geopolitical, the geopolitical situation brings these countries together closer right now. but as you already said, there are enough fields where they might also be a competitor is an energy being one of them. atlanta, what have i understood off? thank you very much. my pleasure. in ukraine, russian missiles have struck a residential area of chrome, a tourist in the eastern, daniel screech and killing at least one person that at least rank was one of round 5 that hit the city and declare a target of the russian troops. cremmit hoist, mayer urged civilians to leave. those attacks came after a barrage of missiles hit odessa from the black sea overnight. strikes also hid residential areas and destroyed several homes. the port city is crucial to exporting desperately needed ukrainian grain to the rest of t

thought that the of this whole a special military operation would have a turn, a soft currency, the rubel into a hard currency because it's exactly what's happening. larry, one of the things, it's really interesting, a stilton burger, you know, let the mass drop and he said, you know, we've been pair of preparing for this for 8 years. okay. he wasn't supposed to say it, but he did. ok. but you know what the russians were preparing for this is well after the my don qu, a. so who is better at planning and understanding how the world works because it, nato has egg on it face right now. i mean, i keep reminding everyone, nato is a propaganda outfit. it's nothing more than that. larry well, nato's a lot like hollywood hollywood and try to picture idea, though i say, well, who's the villa? so you always need a villain in order to justify that to drive the drama, but for the, for nato, you need to build on now russia, in order to justify these exorbitant expenditures on weaponry. i mean, what's really shocking when you look at the size of the u. s. defense expenditure, which is a port approachin

oh so this you and i, the only you see another or more you homer southern this colossal or sandra rubel at the i'm, was it very, very low. is i? we're somewhere id miss, are you? when the book we're supposed to go visit with you cuz the bus a girl is any i'm not back on tub. lizzie lally come the for a local is else whole litany he muscles. so keep melody and the, the land it, it broke up on. if he got by listening unable, by a delicious, do you think that it's because they don't take female? oh, freeman. resting seriously, that they don't see as the same. they will as men's wrestling. is it what is good? their gas or c. c o bo sample of what i mean, unless you feel like it in the record on their program. well, is any gonna bukosa levy porcelain eliza america? yeah. they, they little had the same medical thing that they didn't do that in, in, in this new book. good. awesome. but i look in the book that little women and sat down. grandma was under his glasses, but one is a particularly listening, listening. not all but very i want girl, if i book, i think that, oh no, that if what our mo

but because revenue increase the rubel, the currency did not collapse like the, the sanctions were supposed to make it. and because that didn't collapse, they didn't have to raising banker, russia didn't have to raise interest rates and shut down the russian economy. so all of those indicators did not actually happen the way that the advisors thought it would happen in terms of, you know, western sanctions club. you know, it doesn't come through in western media that well, but most of the world is not on the on board with the sanctions. it's mostly the g 7. and now to the latest from ukraine, russia's defense ministry says it's high, precision weapons have killed 200 ukrainian soldiers in the southern city. of nikolai of russia. missiles are said to have been targeted at a concrete factory where key ebs troops had set up a base. moscow also says it strikes have destroyed for ukrainian military command posts in the past 24 hours in the near prop. pretty petroff screech in an arm stock pile was targeted and more than a 100 rockets for western supplied high mars launchers are said to have been

now it's not really working out though with the rubel still standing strong, but in such a context, why wouldn't iran in russia be cooperating more? so what if moscow and to iran do expand their relationship? how will the united states respond more sanctions? it's also pretty rich for u. s. officials to be complaining about military cooperation. let's review the latest round of military hardware that the pentagon has dumped into ukraine. it is possible the u. s. could sell or provide ukraine with some us fighter platforms. and you think that's, that's possible going forward that there's us, there's a griffin at a sweet and there's the euro fighter, there's a raphael. so there's a number of different platforms that good could go to ukraine. united states was also committed to sending more high mars munitions, precision guided artillery, ammunition, and tactical vehicles and other urgently needed support. in terms of our ability to track the weapons that are going in, as you know, we don't have any forces on the ground. so that's, that is difficult for us to do. a number of us made weapon

but because revenue increase the rubel, the currency did not collapse like the, the sanctions were supposed to make it. and because that didn't collapse, they didn't have to raising bank a, russia didn't have to raise interest rates and shut down the russian economy. so all of those indicators did not actually happen the way that the advisors thought it would happen in terms of western sanctions. club, you know, it doesn't come through in the western media that well, but most of the world is not on the on board with the sanctions. it's mostly the g 7 only in the interests of democracy. that's how a former c i a chief, has justified his agencies meddling and foreign elections, which he admitted have taken place. we ever tried to meddle in other countries, alexus. oh probably. but it was for the good of the system in order to avoid the communists from coming over. if we don't do that, i don't know, i don't restaurant and i'm them. i'm only very good to do that through hiring video. and those former are very good cause i'm interested in the book. x chief james wall, see named greece in italy a

but because revenue increase the rubel, the currency did not collapse like the, the sanctions were supposed to make it. and because that didn't collapse, they didn't have to raising bank a, russia didn't have to raise interest rates and shut down the russian economy. so all of those indicators did not actually happen the way that the advisors thought it would happen in terms of, you know, western sanctions club. you know, it doesn't come through in western media that well, but most of the world is not on the on board with the sanctions. it's mostly the g 7 according to recently declassified documents, britain has long been covering up us crimes such as the u. s. shooting down an iranian airliner in an incident in 1988. our t is rachel blevins tells us more. it's no secret that the u. s. in the u. k. have quite the special relationship from ne no, to the 5 eyes. a lions. the pair is known to stick together so much so that outgoing prime minister boris johnson announced his resignation and he use his final words to encourage his country to stick close to the americas. that is exactly what the

they're not participating by not using the rubel, they'd like them to oppose, perhaps boycotting the referendum. and there's also partisan, so an underground that is blowing up railway tracks, railway bridges, armored railroad cars carrying ammunition, doing all kinds of things. we're probably only hearing a little part of it in order to push back. meanwhile, the ukranian troops are shelling and slowly advancing their within about 2020 kilometers of course on city. so dw correspondence exposure in keith, thank you. british prime minister, or as johnson wants to stay in office until his successor is chosen, but he may not be able to. johnson announced his resignation on thursday after a mass revolt from within his conservative party ministers and party members had enough of a series of scandals and his handling of them. and the idea of johnson staying on for a few more months isn't popular with every one. a moment's long delayed, finally becomes unavoidable. good afternoon, everybody. it is clearly now the will of the parliamentary, conservative party that there should be a new leader

and for example, this idea about doing trade, iranian russian trade and introducing the rubel as a currency for iranian russian trade is something that may not have happened not been on the table before. sanctions were maximized on russia in the same way that it was on iran. so the geopolitics, the geopolitical situation, brings these countries together closer right now. but as you already said, there are enough fields where they might also be a competitor as an energy being one of them, atlanta, what have i and as of now, thank you very much. my pleasure. but of course, this wasn't just a meeting between the leaders of iran and russia. turkey was at the table to and to talk more about ons role there. i can now speak to our correspondent dorian jones in istanbul. story, an art on when to tear and with an agenda of his own. didn't he? how did that go for him? yes, president nerd one was looking for getting permission from both iran and russia for him to launch a major offensive into syria against syrian kurdish forces, which he says are linked to ox, insurgency. fighting in turkey and saying

earth that was on this you and i the only see another or more of a sudden this guy last year or sandra rubel at the i'm was it very very low is i will, i will audi miss. are you when you put we're supposed to go? is it because the bus, the girl is any i'm not back on top. lizzie lally come the food a local is also layton if he min muscles. so keep melody and the, the land it broke up on that he took up by listening under, prepared to listen. do you think that because they don't take female or freeman resting seriously, that they don't see as the same. they will as men's wrestling? is it what is good pulling gas or c c o c o i, what i me upon if you feel landed in the greco roman po, grab bomb is in a gun, the poop us a levy boost than eliza? i'm ok. yeah. did they little, how does your medical say that they didn't do that in, in, in this you will. good. awesome. but i look in a book that looked a little sad. don't tell us adams glasses, but what is a particularly listening, listening? well, it muscle, but bri. i want good if i book at the end that knows that if what i'm when they deem it, i

but because revenue increase the rubel, the currency did not collapse like the, the sanctions were supposed to make it. and because that didn't collapse, they didn't have to raising banker, russia didn't have to raise interest rates and shut down the russian economy. so all of those indicators did not actually happen in the way that the advisors thought it would happen in terms of, you know, western sanctions club. you know, it doesn't come through in the western media that well, but most of the world is not on the on board with the sanctions. it's mostly the g 7. so other russian economy continues to develop, even as it's pressured by unprecedented western sanctions. the west itself is increasingly feeling the consequences of its own policy. the price example of this is the united states, which is on the verge of recession despite president biden's belief that it will not happen. i wish rather to stay. and so she will, she shone, coming down. i wish well, there's no official definition of a recession. it's commonly seen as an economy shrinking for 2 consecutive quarters . the white house s

thought that the of this, or a special military operation would have a turn, a soft currency, the rubel into a hard currency because it's exactly what's happening. larry, one of the things, it's really interesting, stealth and berg. you know, let the mass drop and he said, you know, we've been pair of preparing for this for 8 years. ok. he wasn't supposed to say it, but he did. ok. but you know what the russians were preparing for this is well after the my don qu, so who is better? ed planning and understanding how the world works because it, nato has egg on its face right now. i mean, i keep reminding everyone, nato is a propaganda out. it's nothing more than that. larry well, nato's a lot like hollywood hollywood and tried to pitch an idea. you know, i say, well, who is the villa? so you always need a villain in order to justify that to drive the drama, but for the, for nato, you need the bill. and now russia, in order to justify these exorbitant expenditures on weaponry. i mean, what's really shocked when you look at the size of the u. s. defense expenditure, which is approaching tha

it's beginning to look a little, far fetched to claim that russia is the one being crippled with the rubel. hating a 7 year high against the dollar, russia is still in high demand and has taken the european sanction snap and turns the other cheek to the east, where there are billions of willing customers for its energy supplies, food, and mineral exports. the unfortunate truth is that the road to making russia and international outcast is going to hurt more economies than intended rendering the west at risk of losing the international battle of narratives. sanctions have been the u. s. is go to form of punishment for decades, but they didn't work on cuba fell to turn north korea and did little to influence syria. yet when such a tool actually, boomerangs right back and snacks, you clean in the face. perhaps it's time for a rethink and strategy. earlier we discussed the issue with the chief economist of the german de goose about. you says the sanctions always tend to have a blow. barker votes and germany is one of the most obvious victims of this trend. o'connell hadn't given the economists

i think all of us would consider that with the rubel was a soft currency. okay. it was, it wasn't a currency that was particularly sought after. now it's very different, it's a, it's them, but best performing currency in the world because it's backed by what, fill in the blanks for me go ahead. finite, tangible, hard asset, commodities, whether they're monetary commodities in the way of gold, perhaps a lot of silver as well that it's not being announced. but for most of oil and natural gas, russia sits on the largest a natural gas reserves, and is the largest producer on the planet. and as i think, 3rd or 4th as far as oil. so the playbook by john d rockefeller and european leads over the prior century, plus they are basically you surfing and that's the, that's the course sin because john d rockefeller prescriptively prescriptively said, quote, unquote, competition as a sin. and here the kremlin has said ok, but we're going to go ahead and send, we're going to outcompete you. and by the way, we have all the natural resources that we need. so they're calling the d

but the rubel is very strong, and so in other words, they failed to change the course of the special operation in ukraine. so this last attempt to, to really create problems for russia is not very important. i think the gold market is very specific and russia can simply stock it's. it's called, you know, it's not losing the thing, bye, bye stocking. and if, if need be that there are other things that happen, you know, the african states tell you wrote a you a noise by, by, on putting a ban on, on the russian banks on swift. because we need to go via 3 of them to rely on these banks for buying grain from russia. so please stop it. so now the european commission is, is very discreetly opening the challenge of swift for a series of russian banks. so you see it's sanctions, but at the same time they do the opposite. so the same for gas. so it's really a total mess that we europeans, create an independent journalist, look of a always a pleasure, haven't you on the program. and there's no point for the west to completely break off its ties with russia, especially when it comes to the energ

now they've signed the various agreements that we've seen oil now, the rubel, she's being traded on the peer on exchange against the re out. we're seeing diplomatic overtures. we're seeing political openings. this is a huge and momentous, a time for the relations. and really, what washington fears is, the end of us dollar had gemini and the beginning of a new world order. that's what this is. this ushers in this year is the birth year of a new world order. and that's what district means. and that's why it's so historic . now, christopher, do you think that the u. s. is quite frustrated by the strengthening ties between russia and iran in spite of their sentence? absolutely. because the point of sanctions, as john bolton indicated, just the you know, few days ago is really to james. it's a, it's a mechanism for, for coups. and what, what, you know, slowly we've been witnessing over the past decade has been sanctioned, not working at all. thanks is actually being counter productive because not only russian and iran, but also venezuela and cuba. and the dpr k have continued to develop and