u. k. u. s. and e. u. switzerland has taken the unprecedented step of imposing sanctions against russia. well, the measures have a big impact on oligarchy, former swiss banker and wiki leaks. whistleblower rudolph. elmer says he has serious doubts to re she's one of the world's most expensive places and that's in no small part due to russian oligarchy. happy to invest their money here. rudolph, elma, used to be a tough banker at the venerable. it's very spank you leo spare. today he is a critic of these financial institutions who came to international prominence as a wiki leaks whistleblower in this right. on the lake, while a lot of money is invested in switzerland because banking secrecy protects the oligarchs. we have a strict secrecy law. guy halted because it's the government politicians and the judiciary support this because it is a huge source of income for this with a date for you, then try to stop rushes, brutal war against ukraine has put world wide pressure on switzerland to respond. it's likely one of the reasons why the government here has back the sanctions saying russian ol

u. s. the u. k. japan and e u. member states. germany is quoted, a breach of contract is the russian president justified to move them no more than western countries have taken illegitimate. decisions on the so called freezing of russian, i think we might get this collective west is actually drawn a line under the reliability of its currency so that you've already spoken about this across the trust in these currency to hear it or to get more on this i've been speaking to macau critique in his found and the leading analyst at ris energy. moscow, he was speaking to us from the law in capital rieger, and the signal wasn't great. but what he has to say is very interesting. so his, his take on what president putin is actually thinking well, basically i believe it's just about, yeah, it's sort of some sort of a rhetoric addressed to domestic audience. there are some presidents, one still solemn pay $3.00 or 2 in just declarations. and you said that the sales for foreign currency is her book, or have this group disgraced t

and as we heard the war in ukraine is rippling around the global economy, the u. s. the e u and the u. k of all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched type air. the want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but he's careful not to alienate his russian counterpart. fatima putin, economically, as a lot of stake attend turkey is stumbles famous. i a sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has dropped. so for russians,

u. s. u k and e u member states have, well, they've upheld their views of tolerance as virtue. why now are we seeing so much discrimination and hate speech against russians in those western countries? i mean, i mean russia has always been a bad guy on some level, but i mean, we haven't seen this level of bruce a phobia and so love i haven't seen anything like this is the 1990 s campaign, vilifying the serbs in yugoslavia in fact, it's probably just a carbon copy of the same campaign except dealing with russians that you know, much bigger country, much more numerous people are much more influential. lovely. but it seems like the people they're managing, the narratives in the west have basically just copied the entire playbook and using it all over again. and what they're doing is degrees. i don't know, know what the reason i can guess at it. but my best guess is that their sole, their entire order, this whole, our democracy thing that i mentioned before, is based on narratives and did key simply cannot tolerate any discussion, any debate, much less any challenge to these narrati

u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched tie up air to want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. it's done, most famous. i us, sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visited turkey, more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia, turkish hotel and restaurant owners expect for tourism revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come, and that will be tough on turkey, it's economy already in distress. economists are worried the value of the rubel has dropped. so for russians, vacationing abroad will seem expensive because foreign currency deals

u. s. the u. k. japan and e. u. member states, a germany has called it a breach of contract, is how the russian president justified the news. give them a number of western countries of taken illegitimate decision on the so called freezing of russian ass only as a model securities. this collective west has actually drawn a line under the reliability of its current. cecil wouldn't that you've already spoken about this across the trust in these currency to hear from old navy kitchen moodle. more on this, i'm joined by chelsea delaney from d. w. business at chelsea tell us what does this attempt to force western countries to pay for gas in roubles do for russia? well basically this, this forces particularly the you to pop up russia currency. the rubel has been had really hard by the sanctions. it was down by about 30 percent up until yesterday. now russia is going to be getting somewhere between 20800000000 euros worth of demand for its currency every day. that's how much gas that european countries have been buying ove

u. s. the e u and the u. k. have given loans to russian firms who can now no longer service them. it's unclear exactly how much banks have loaned to russian companies, but the experts of putting this number somewhere in the 10s of billions of yours. then there is of course, the potential for sovereign debt. default rushes central bank can't access its assets abroad on his own course to miss re payments to its creditors. now russia currently owes nearly $50000000000.00 to lenders in the west. payments are due within the next 2 weeks, one for a $100000000.00 in interest. another of over $2000000000.00 among the countries levying sanctions on russia is switzerland. it's an unprecedented step for the financial hub that prides itself on staying neutral, but it's still being urged to take further action. to reach is one of the world's most expensive places, and that's a no small part you to russian. oligarchs, happy to invest their money here. rudolph, elma, used to be a top banker at the venerable sewerage bank. you'll your spare to day. he is a critic of these financial institutions w

u. s. the e u and the u. k. have given loans to russian firms who can now no longer service them. it's unclear exactly how much banks have loaned to russian companies, but the experts are putting this number somewhere in the 10s of billions of yours. then there is, of course, the potential for sovereign debt. default rushes central bank can't access. it's assets abroad on his own course to miss re payments to its creditors. now russia currently owes nearly $50000000000.00 to lenders in the west. payments are due within the next 2.

u. s. is cut off russian oil and gas imports. the u. k . will phase it out by the end of the year while the e. u aims to become independent from russian russian energy, while before 2030 below russian flights have been banned from the u. s. u. k. and european aerospace, the u. k is also banned the private jets chartered by russians and western countries of frozen the assets of russia. central bank cut in the country all from $630000000000.00 in foreign currency reserves. some russian banks have been removed from the international financial messaging system. swift and hundreds of members of russia's government then business leaders, known as oligarchs, have been independently sanctioned or diplomatic editor. james base has more from brussels. e, u foreign ministers meeting earlier this week. in the 4 weeks since the invasion, they've already agreed for packages of sanctions, which was some of the toughest ever imposed, as well as a fund of over a $1000000000.00 to buy weapons for ukraine. i asked the used top foreign affairs official about further measures when the leaders meet here soon. do you

and needs, we make them initiatives. all of us do our best to in our input to the general struggle that we've had from the u. s. u k, and the e. u. today, they've been phased further sanctions on russia. but what is your message to west and needed? my or message is that we have no time we earth observed that intense work crimes is increasing from day to day. we don't know which will be best in several hours. we really need to pro active action. we need lighter jets and planes. we need a different system in order to be able to protect them. elation in your trans acquaintance. we need to our gently, as the complex economical measures i means to put rushing like least beefed and to ban all russian banks from from swift. and because only several banks deprived from us to the system. so we have no time. and real solidarity has to be proactive. alexandra, much check from keith, working for the ukranian human rights organization center for civil liberties. thank you for speaking to algebra. thank you. well, there's lots more still to come this hour. hundreds of ukrainian refugees land in portugal after the government relaxes red tape t

u. s. e u, u k. and other countries will have to be now paid in the local currency in the rural. and they say this is a legitimate way for the russians because they are facing those a wide range of sanctions. not for those countries. the unfriendly country is that they have to open up a bank accounts in russian bands starting from tomorrow. this is where the new rules rules come into place to be able to see those supplies continuing. otherwise, the contrast will be stopped and is quite interesting to see that the russian president of the demon, putting his adamant about the need to move forward with that retaliatory retaliatory measure. because he understands that europe, in particular are relies on a 40 percent of its new energy needs. come from russia just about a week ago when medina putting order the bank to the central bank to work out those measures. we saw the energy prices, spikes, or something like 30 percent in europe, and this explains why in his beach, he was talking about warning against potential repercussions of is, this is a decision on the international market. a

and gas to day the u. k. announce new sanctions over on to wealthy russian individuals . trust also praised the cooperation between london and its allies. thus far. we've worked with the u. s. e. u and g 7 to capital funding for pin's war machine, kicking russian banks out to the financial system. we will say shut our ass base to russian planes. and we're fast forwarding sanctions against rationale galks, the british government has faced criticism over already existing sanctions. london had only 9 wealthy russians under sanctions, saying legal complexities slow the government from doing more. in the u. officials have also found that carrying out sanctions can be complicated, even when the yachts themselves are hard to fine. take a look. luxurious yachts are a common sight in hamburg, but these tarps cover a special one. the deal bar worth 800000000 euros is an especially impressive ship as seen in this marketing clip. it belongs to russian oligarch, alisha was man of who has been sanctioned by the you. he's seen as a confidant of russian president vladimir putin was small of says he's been unfairly vilified and will fight the accusations. the german government had carefully plan

meet demand chance are all nationals and the 2 are expected to discuss the transit learning response to the russian invasion of ukraine. the e u. along with the u. s. u. k. and canada have announced a raft of sanctions against russian oligarchy, banks and companies. germany has already canceled the north stream to gas pipeline from russia. and your leaders have drawn up a plan to reduce their dependence on russian energy. and we're expecting to see a press conference with prime minister trudeau and chancellor shows that we'll start shortly. we're keeping an eye on that. these are live pictures from here in berlin at the moment. and we're going to be listening into their press conference as soon as we see the 2 leaders. but prior to the meeting today, a prime minister justin should go announced on twitter that canada would be sending more military equipment to ukraine. so again, a message there of solidarity from canada, echoing what we've seen, of course, from transatlantic partners, from here in the european union as well. that message from justin to go ahead with meeting with the last shots we are expecting to hear from the short them shortly. of cour

u. k. and south korea both announcing they are tightening measures against russia. london saying it will freeze all russian bank assets located in the country . and joining e u and u. s. sanctions against lending giant spare bach and south korea announced monday it would sanction 7 russian banks including spare bog it encourage public and private lenders to suspend their trading of russian state bonds on monday. so announce export restrictions on items that could include computer equipment and semi conductors. and the sanctions against russia have escalated at an almost dizzying pace in recent days. moving from rogers, a targeting individuals and banks to the swift financial messaging system and then rushes central bank reserves. the goal is targeting russia through its economy. a listen to what french finance measure minister, bruno lemaire said tuesday. we'll do some hoops if he guess, yes, the sanctions are effectively give you. the economic and financial sanctions are even frighteningly affective lenny and i do not want there to be any ambiguity on european determination on the subject was an evil. we're going to wage a total economic and financial war on russia

e u, the u. s. and the u. k, which is not part of the you any more. it's clear that certain people are behind these decisions and those deprived of competitive scores will channel that bitterness in their direction. when it is yes, that president putin as often insisted that russia only acts to defend itself against the hostile actions of the west. and then a recent interviews you said that our country has enough might put our enemies in that place, which implies that russia has considered some kind of retaliation in the event of aggression. what exactly did you mean by that mister medford? i have of slim lou, little listening with cross opinion monthly. we both know exactly what i meant. russia is not your average country, it's a permanent member of the un security council. and as a side note, let me say that all the ill conceived plans to try and remove us from the security council. a completely groundless book, this would go against the un charter and the entirety of international law. for that matter, we're talking about the whims of individual st

u. k. little less than 10 percent. and the u. s. just 8 percent, which is why europe, who feel the effect of the bad, far more acutely than the u. s. the e. u also plans to cut its dependency on russian gas by 2 thirds this year. that's 26 percent of its supply. this will end our over dependency and give us much needed room to maneuver 2 thirds by the end of this year. todd. bloody odd. but it's possible if we're willing to go further and faster than we've done before. but experts say this decision will mean difficult compromises heading that are going to be very challenging. if they do that, are they going to be aware of the consequences? they'll have to be additional use of nuclear, which is supposed to be phased out in certain countries. a lot more coal use, which won't help climate goals, that there was even a point and said, turn your thermostat down one degree and that has a major impact on potential gas use. the payoff of this eventual band european consumers will no longer be inadvertently funding the warn you crate is e oil purchases alone put $285000000.00 a day in russian pockets and the move towards kena green energy will be acc

it's so because of this section, ok, what if the e u was a follow the u. s. and the u. k. lead and plan imports of russian oil and, and russian gas. i can see already that scalia's shaking had come back to you in a moment. but, but with that, is it, what would that worry moscow? i sure is that you were going to got this more stuff for europe and, you know, coming up to for an i've gotten a few for, for russian gas and oil go call for europe and union sounds is strongly different. so for us in supply 6, not i'm in those $31.00, but it's also oil production and some kind of logistic. it will be a chain reaction real deeply. you wrote down the government itself. so i think they will try to find out if in the few years the same time russia went out on a few for, for new market in the asian or from china. james practice of mora or compass school care for energy conjure. and we'll look for ration got an oil, and maybe we'll be more cheaper to go the situation. but for now we see that's right is for golf and oil growing up and it's soon roughly impacted. the united states suited

and gas to day the u. k. announce new sanctions over on to wealthy russian individuals . trust also praise the cooperation between london and its allies. thus far. we've worked with the u. s. e u n. g 7 to capital funding for pete in small machine kicking russian banks out to the financial system. we will say shot our ass space to russian planes and with fast forwarding sanctions against russian oligarchs. that the british government has faced criticism over already existing sanctions. london had only 9 wealthy russians under sanctions, saying legal complexity, slow the government from doing more. in the u. officials have also found that carrying out sanctions can be complicated, even when the yachts themselves aren't hard to fine. take a look. luxurious yachts are a common sight in hamburg, but these tarps cover a special one. the dill bar worth 800000000 euros, is an especially impressive ship as seen in this marketing clip. it belongs to russian oligarch, alisha was man of who has been sanctioned by the you. he's seen as the confidant of russian president vladimir putin was small of says he's been unfairly vilified and will fight the accusations. the german government had c

u. k and u. s, which you said they are going to outright band them. why? well, as you mentioned that quite simply the e. u. generally as well as some countries in particular are really heavily reliant on russian energy sources to keep the lights on. it's really that simple. germans, foreign minister is very clear that and immediate ban on you, gas and oil imports from russia, could actually be massively problematic. a 3rd of our fuel comes from russia. if we stop at now, in a few days, we won't be able to transport ourselves. meanwhile, with also me hearing from the ceo, this is the box of energy company energy here in france, who has said that the europe white cap on gas prices is actually now needed to respond to the soaring prices that people are seeing across the continent. if not world wide, and that's to contain what she said would be the volatility in both the gas and the electricity market to really hitting not just household businesses to and us that price has been rising. as we've seen that it's really starting to hit the pockets of europeans. these are individuals household already to rusty at

u. k. little less than 10 percent, and the u. s. just 8 percent, which is why europe, who feel the effect of the bad far more acutely than the u. s. the e. u also plans to cut his dependency on russian gas by 2 thirds this year. that's 26 percent of its supply. this will end our over dependency and give us much needed room to maneuver 2 thirds by the end of this year. todd. bloody odd. but it's possible if we're willing to go further and faster than we've done before. but ex, but say this decision will mean difficult compromises hitting that target. the very challenging, if they do that, are going to be aware of the consequences. they'll have to be additional use of nuclear, which is supposed to be phased out in certain countries. a lot more coal use, which won't help climate goals, that there was even a point and said, turn your thermostat down one degree. and that has a major impact on potential gas use. the payoff of this eventual band that european consumers will no longer be inadvertently funding the warn you, craig is e oil purchases alone put $285000000.00 a day in russian pockets. and the move towards kena green energy will be acce

the e u is being joined by the u. s. the u k. no way and others at that meeting. and so that will look at the non military aspects of it already. there's very tough sanctions in place. one thing though, that i think they all discussing here and have started the discussion on the nato foreign ministers meeting earlier, is in the long term putting more forces in those nato countries that are closest to russia. that discussion apparently has started according to the nato secretary general, and that certainly pleases some of the countries, for example, the baltic states. i spoke a little earlier to the stony and foreign minister and she had her own country felt threatened. we are very much worried because so that you see the sierra people scaling in front of our eyes and we have not managed to stop this war. and unfortunately, we see that the russia steps are more and more brutally by every day. and also because of today's morning news about it attacking nuclear facility located, it all means that the have, the international community must come together and have to en

u. along with the u. s. u. k. and canada have announced a raft of sanctions against russian oligarchy, banks and companies. germany is already cancel thing north stream to gas pipeline from russia and e leaders have drawn a plan to cut dependence on russian energy sources. let's take a listen to the german chancellor and the canadian prime minister speaking moments ago under was not of do you agree, agree that the russian attack on ukraine marx, a turning point for europe, but also for world peace. the russian attack on ukraine is a blatant breach of international law. the world we live in is no longer the same is in its freedom. we now see many attacks on ukrainian cities, schools, and holmes, the suffering of the ukrainian people in this war zone leaves us speechless muscle short. what we need now is a ceasefire. and my appeal to the russian president is this will stop the blood shed, withdraw the russian troops, ferguson scenes, devotion tokens, or canada, and germany stand together against buttons invasion. he represents a threat to democracy, to security, and to peace in europe and around the world. this morning i spoke with president zelinski highlighted once again the strength

e u. and in the last few minutes, quasi qua time, who is the business secretary? in prime, mister johnson's government has tweeted that the u. k. is going to follow the u. s . by the end of 2022, they'll phase out the import of russian oil and all products by the end of the year says those imports make up 8 percent of u. k. demand so far less than is in the u in the countries with regard to gas. he says he's coming up with a plan, but he wants to end in port of gas as well. so the u. k, it seems, is signaling that it's going to do something similar, but it's very hard, i think, for many of the european union countries, and particularly for germany to follow with this. now, although we've heard from senior european leaders, just speaking again on twitter in the last couple of hours, i sort of on the line who is the president, the europe in commission, say somebody europe is going to have to do it was going to have to do anyway, changing its energy supplies because of the environment to, to go more green. it's not going to have to speed up that process. and throughout all of this, president brewton has forgiven me. president lincoln has been i'm sorry, us sec