thus, according to the us treasury secretary, who said that the current state of the american economy should rather be described as a period of transition, where despite slow economic growth, there are jobs for those who want them. this is not in the economy, it's in recession. but we're in a period of transition in which growth is slowing and that's necessary and appropriate us treasury. secretary also said that rising inflation in the country can be controlled by june. the thing inflation in the u. s. surging to 9 point one percent effectively reaching its highest rates in decades. now, her optimism is not shared by everyone, including a form advise. it's a brock, a bama. you said that recession is almost inevitable. in the meantime, pressure on american consumers continues to increase as food, energy, and rent become less and less affordable. less cost live now to our gas professor of economics, his st. mary's college jack rasmus jack, welcome to the program. now the us secretary of the treasury describe the state of the american economy as in the transition rather than a recession

to alexander's economic news, us treasury secretary janet helen continues to ignore the fact. recession in the american economy and believes that the us economy has entered a new phase of recovery. that's just the country's gdp is declining for the second quarter in a row will continue this topic a little later. create smart cities and villages in russia, it will become much easier public-private investments to enter at the municipal level submitted to the state duma, rbc writes about this this format is already quite popular in the country at the federal level , 30 joint projects are now being implemented. in the field of high technologies, for a total amount of about 270 four billion rubles, and most of the more than 268 billion is the money of private investors. however, in the legislation for municipalities there are a number of ambiguous points that need to be clarified. the amendments relate mainly to the rights and intellectual property, as well as the possibility of using hardware and software. with transit through the baltic states to kaliningrad, difficulties may aga

the recession has come it's time to recover us treasury secretary janet yelin made a very optimistic ement, in her opinion, the us economy has entered a new phase of recovery aimed at achieving sustainable and stable growth. meanwhile , data on gdp for the second quarters were released the day before, and again, as in the first, they showed decline thus the us economy has officially entered a recession, but elin prefers to call it a transitional state. many economists and americans agree that a recession is a wide-ranging weakening of the economy, which includes large layoffs in companies, business closures, household financial problems and slowdowns in private sector activity. this is not what we are seeing right now. in america, the corporate reporting season continues. which companies delight investors? in fact, the results turned out to be worse than expected, see in our material, large us technology companies reported on their work. in the second quarter, apple and amazon pleased shareholders. but intel again disappointed the smartphone maker reported a record revenue of $ 83 bil

from deep insecurity in relationships. sanctions are one instrument of control imposed through the us treasury department. if a country poses a threat to washington's economic or political agenda, us sanctions and sure the other nations keep their distance from that country and had that same department treasury secretary j jaelyn is now threatening countries that break what it considers to be the international economic order in other words, the washington and western lead world order and vows to impose harsh consequences on those that abuse it. plenty. the economic integration has been weaponized by russia and referring to the need to recruit and integrate us allies into its supply chains. it sounds like the classic military posture of your either with us or against us and with china and russia, but applied to global trade. working with allies and partners through french shoring is an important element of strengthening economic resilience. well sustaining the dynamism and productivity growth that comes with economic integration. but why should any country be forced to choose a camp or clique?

according to the us treasury secretary, despite the slow economic growth, the all jobs for those who want them. this is not in the economy that in recession, but we're in a period of transition in which growth is slowing and that's necessary and appropriate the us treasury secretary also said that rising inflation in the country can be controlled. that's despite june thing in inflation, in u. s. surging to 9 point one percent effect to be reaching its highest rates in decades. now, her optimism is not said by everyone, including a form advise it's a bark obama. you said the recession is almost inevitable. in the meantime, pressure on american consumers continues to increase as food, energy and rents all become less and less affordable. economist jack rasmus does not agree with this take and things that the difficulties in the u. s. economy could come to light as early as september. last week, a whole series of indicators were reported out. that kind of warned people, investment is slowing, dramatically. consumption is rising, but only equal to inflation. so it's all price. inflation

i'm going to be speaking to a former chief economist at the us treasury to find out.rever you arejoining me from around the world, once again, a big hello, and a warm welcome to the show. you know, since russia invaded ukraine, the western world, led by the us, has responded with a raft of sanctions looking to halt the kremlin war machine and stop the conflict. the war and the sanctions have had a huge impact on the global economy, with widespread inflation driven by soaring energy and food costs leading to warnings millions are at risk of hunger and unrest. the sanctions have sought to target russia's war chest, blocking access to financial markets and targeting those close to president putin, and restricting access to international markets for goods and services. and when it comes to russia, the most important set of goods for them are from the energy sector. gas and oil. with fossil fuel money making up nearly half of moscow's federal budget last year. but the west and particularly europe's dependence on russian gas has made weaning themselves off these fossil fuel

this is based on the data of the us treasury. i will remind them.be some consequences for them. they will help with the emergence of sanctions. is it just like that? with a finger oh-oh-oh don't do that because it's bad no well the consequences are obvious oh and i repeat exactly this is what ukrainian diplomacy is working on and the western club is working on this, headed by the united states, meeting working groups that carefully monitor what is happening is possible not everything is announced there , but if the small countries that are there actually do not have much trade turnover, then perhaps these sanctions are not particularly painful for them, but for countries such as iran or china or india it can be very, very it is noticeable after russia will be recognized as a country that sponsors terrorism and relations between india or china or iran with a country that sponsors terrorism will have very painful if not terrible results for their economies. we are primarily talking about e-e sanctions from the united states. and these are capital mark

tape and in other regions of our globe, by the way, we mentioned the ministry of finance and the us treasuryw circumvent these very sanctions, and you you may be surprised, but besides china, india , mexico has been hurt by such constitutional laws, let's say small letters, and to the russian federation. well, let's say serbia, there is georgia, which was attacked in 2008, israel, which knows what war is, bosch, taiwan, which suffers from china's territorial claims . we mean a total of 18 such countries, and meanwhile, chinese banks that dared to cooperate with russia under sanctions have lost their investors , there are already the first swallows of such support, international players of inven co-bonds are turning in their cooperation actually, all these countries receive a warning, and in the end secondary sanctions are purely for comparison, we can mention the sanctions against iran at that time. by the way, the country was in complete isolation, in the end it was successful, but with regard to the russian federation, there are many questions and it is willing to help the state, which is

now, what do you make of the timing of this clarification by the us treasury, the transactions involving agriculture, commodities, and fertilizers are still allowed. i'm, we're never, and we're in fact, never bummed. well, as to the timing, it looks like the treasury department and the, and the administration is trying to catch up with what you, what the world is doing. because as you know, the pretty quickly they're really were responding to what was happening in europe and, and out of the european union. i spoke this afternoon and new york time a to a friend of mine. someone i've known for a long time in the european union member of parliament, and he said, we keep getting more information slowly about what's actually happening. you know, in america, we were told by president biden that we had to do x, y, z. the sanctions had to be so secure, and so you know, absolute and yet we know that's not true. now we know it's not going to be true. and as to, you know, the spending on military ada ukraine. we were told that would be done in a way that would be able to be tracked. we now know it'

for russian oil, according to the prime minister of japan it will be twice lower than the current us treasuryopes for the progress of negotiations, as early as early july, but experts doubt the success of this initiative. in addition, according to the calculations of gp morgan chase, if in response russia significantly reduces production, the cost of a barrel can reach $380 instead of lifting sanctions, return to market mechanisms, the us white house demanded that gas station owners reduce prices to themselves to the detriment of businessmen, such an approach, to put it mildly, surprised indignant even enter the sector. oh inflation too important an issue for the house to continue to make such a statement. this is either a direct delusion, or a deep misunderstanding of the underlying dynamics of the market, and not only in the united states but also in europe suffer from high inflation, so in austria, according to the results of june, they expect the largest figure in almost half a century of 8.7 in annual terms.

washington eased sanctions on moscow us treasury department allowed some transactions with russia relatedth care and agricultural products , in particular, we are talking about fertilizers and medical equipment. according to us officials, there were no targeted restrictions on these categories at all. however, in fact , due to sanctions on operations with russian banks, trade ties were severed and the parties could not conclude contracts, among other things, the us authorities removed the german subsidiary of gazprom and its subsidiary from the black list alpha-bank in kazakhstan russia wants to create its own reference variety oil, bloomberg writes about this so that moscow will be able to resist the west in its attempts to reduce income from the sale of energy resources to start trading oil on the national platform. again , according to bloomberg, due in october, in the meantime, motorcycle supply restrictions from our country are suffering the old world in several countries. this has already led to a political crisis. andrey skvortsov has all the details estonia britain bulgaria eu cou

she added these factors could lead to more hunger and even social unrest. us treasury secretary, janet yellen is accusing russia of being solely responsible for the economic problems now facing the world pollutant sections, including the destruction of agricultural facilities, 5th of green and farm equipment, and the effect of black. he'd like see ports amount to using food as a weapon of war. those most directly impacted are the poorest households and the poorest countries yellen is calling for a price cap on russian oil to drive down energy prices and to deprive the russian federation of revenue. what many summit watchers will be following closely is with are countries, particularly china and india, will heed this call. western sanctions against russia are transforming trade relationships around the world. and that's nozzles for oil or grains, but also for precious stones. our correspondent adrian crease recently visited botswana in southern africa to learn how the diamond industry there stands to profit for brushing sanctions. for 2 years, killable, he led cloquet lang struggled to

minerals for a cheap price, or even for free, a ball, massey, or gutter to more, according to the us treasury, more than 90 percent of congress. gold is smuggle to regional states including ronda. it also says that the gold trade is a major driver of conflict. people and gama, attired a violence since may anti round and protests have been held regularly across city or c, 5 in their tutsis from a wonder the m, the uniforms are a london, the guns are a london, they are shooting indiscriminately, local activists and gama. feel let down by the international community. let them know that the international community doesn't say anything because they don't care about our insecurity. they don't care about our well being. for them, it's only important who's the guardian of fed geopolitical interests, engineers, and that is your pointed a sentiment shared by residence and gama. natalie thought our country is rich, but we don't benefit at all. we can't really say we are rich as we don't see anything of it. no longer won't gain a bit that we can't pass a year without hearing that somewhere around go mal

today, the us treasury gave the us treasury, according to the calculations of the department, eitherf sanctions or forced restrictions on prices for russian oil can change the situation, as the wall street journal writes, trying to implement the second option, us treasury secretary janet yen went to tour to southeast asia to persuade partners who do not want to join the anti-russian sanctions. at the same time, the publication doubts that the mission will be crowned with success by large countries and regions. hardly refuse to buy russian oil to bring down the price will not help stabilize the situation in the global energy market, according to the american newspaper, politics and joe biden's upcoming trip to saudi arabia, as journalists point out, the kingdom does not have excess oil, and even if saudi arabia increases supplies to the world market at the request of the united states fuel won't get cheaper. numerous fractures of dehydration, a serious condition, but in the mind and most importantly, alive after 6 days of searching in kuzbass at a depth of almost half a kilometer, a m

preparing to discuss a troubling issue stage of the global economy. amid soaring food and energy cost, us treasury secretary, janet yellen, once russia to be held accountable. it's troubling to see how good war is contributing to higher energy costs. food insecurity and hunger for the most vulnerable globally, yellen will use the meeting hosted by indonesia to push for a designated price on russian oil aimed at pressuring moscow to rent its invasions . it will also aid in maintaining the global supply of oil. helping put downward pressure on prices for consumers in america and globally be economic impact of the war in crane has sent commodity prices soaring people all over the world are battling with the rising cost of living, a result of high inflation supply chain disruptions have been aggravated by the war, in the midst of a gloomy global economic outlook, indonesia has stressed the need for unity in the lead up to these meetings, president joker were dodo want. millions of lives are at stake. it governments can't find solutions to the ongoing food crisis. the u. n development program has found

washington eased some sanctions against moscow the us treasury allowed some transactions with russiaelated to health care agricultural products, in particular, we are talking about fertilizers and medical equipment. according to american officials, targeted sanctions against these categories were not withdrawn at all. however, in fact, due to the restriction of operations with russian banks, trade relations were interrupted and the parties could not conclude contracts. among other things, the us government was removed from the black list the german subsidiary of gazprom and the daughter of alfa bank in kazakhstan the policy of sanctions did not live up to expectations, hungarian prime minister viktor orban said the situation in europe, he called the situation in europe a disaster. according to him, the countries will be divided into those where there is no gas and where the price will be very high . he carried the last also urban advised everyone. who has a job to appreciate it, as soon as the economic recession is expected in europe. the autocratic sanctions policy did not live up t

now, us treasury secretary helen is threatening to cut russia's revenues and prevent china, as it iscountry with dictatorial politics, from gaining a dominant position. how elin is going to do this is absolutely not clear to anyone. well , it's just really incomprehensible, but since it is not required of her , she is not required to understand. just saying a bunch of words, that's what she 's good at, but brilliantly said that the world economic order cannot be allowed to be disturbed. there is one, yes, which exist in the interests, which correspond to the national interests of the united states and i immediately remembered this famous phrase of obama yes , who said, we will write all the rules of international trade until the end of the century. we, we will never allow this to be done in china. well, well, well. well, ok well, elin, so we will yawn neatly elen, today i spoke. in the morning, the official representative of the crimea under the president of the russian federation, our ambassador hussein muradov, is the smartest person. he said a brilliant phrase. he said, they proba

also decreased, the presence of the most serious problems in the economy was recognized by the us treasuryartment, however, the head of the department, janet yelen, tried to explain that what is happening in the states is not a recession, but some necessary slowdown after the previous growth that the us leadership is driving the country into a dead end with their own hands, introducing all the new sanctions against russia, said an influential american politician. ex-senator retired colonel richard black it's time to stop blaming russia for high fuel prices russians limited the export of coal, oil and natural gas, this was done by congress. no need to look for the perpetrators somewhere out there, because they are at our place. american sanctions have had the opposite effect, they have helped russia, according to american consoverty magazine in oil prices. now they have grown and moscow is making more profit than before, while the united states, on the contrary, is suffering losses against this background , us vice president kamala haris surprised the americans with his statement about what

washington pins great hopes on the trip of us treasury secretary janet yelen to southeast asia. she is trying to persuade the countries of the region to enter the so -called buyers cartel in order to limit price for low oil with such a proposal, the united states even addressed china in beijing , emphasizing the fact of the appeal of the americans. it is true that they consider this issue too complicated for a quick solution. these days marks the anniversary of the feat of the garrison of the twelfth frontier post on the tajik-afghan border in the nineties, the russian military did not just guard the state border of tajikistan in fact. they covered the southern borders of the entire cis and in july 1993 the military personnel of the moscow the frontier detachment took an unequal battle with a five-fold superior grouping of the mujahideen, six border guards were awarded the title of hero of russia on the basis of its results . could it be that there were video cameras at the outpost to shoot, but the footage of the exit, the surviving russian border guards , speaks best of what k

the recession has come, it's time to recover us treasury secretary janet yelin made a very optimisticnt, in her opinion, the country's economy has entered a new phase of recovery aimed at achieving sustainable and stable growth, meanwhile, on the eve of the release of preliminary data on gdp for the second quarters, and they again, as in first showed a decline in this way the us economy officially entered a recession. well, helen prefers to call it a transitional state. many economists and americans agree that a recession is a broad-based weakening of the economy, which includes large layoffs in companies, business closures, problems with household finances, and a slowdown in private sector activity. this is not what we are seeing right now. the head of the french cosmetics company l'occitana rate giger expressed regret over the fact that western business is forcing european business to leave russia companies. we'll have to be patient to try to regain at least some of the former share of the russian market. stressed geiger, businessman. also did not hesitate to name the perpetrators o

you prime minister of japan, it will be half the current us treasury hopes for progress in the negotiations as early as early july, but experts doubt the success of this initiative. in addition, according to the calculations of gp morgan chase, if russia significantly reduces production in response, the cost of a barrel could reach $380 instead of lifting sanctions to return to market mechanisms, the us white house demanded that gas station owners reduce prices to themselves to the detriment of businessmen, such an approach, to put it mildly, surprised indignant even enter the sector. oh inflation the issue is too important for the white house to continue to make such statements. this is either outright delusion or a profound misunderstanding of the underlying dynamics of the market. moreover , not only in the usa but also in europe suffer from high inflation, so in austria, according to the results of june, it expects the largest indicator in almost half a century of 8.7 in annual terms. more on our air, a review of news from the central asian region from robert frantsev, what did the mari

the former subsidiary of gazprom gazprom germany for a period until december 16, according to the us treasuryfor foreign assets control has issued four licenses authorizing certain transactions with russia in the first document dealing with transactions related to fertilizers, food seeds , medicines and medical equipment. this list includes the manufacture and transportation of agricultural products in the software for medical devices components necessary for the study of coronavirus, the second license allows payments for transit flights and forced landings, the third removes from action sanctions transactions related to energy fourth transaction in support of the activities of non-governmental organizations. the u.s. house of representatives approved a gigantic $840 billion defense budget, but amended it to make it harder for turkey to get american f-16 fighter jets. it prohibits selling ankara new aircraft or components for upgrading aircraft from previous batches until the president provides congress with confirmation that such a decision is of interest to the united states and a guarante

inflation, already now it directly threatens the well-being of millions of americans, the head of the us treasury admitted that if it is not possible to bring it down, america will face a recession, and rising prices primarily spur expensive fuel, therefore, for biden. finding a solution to this problem has already become a matter of political survival. now his approval rating is barely above 30%, this is the worst result for a head of state since the end of world war ii, and even in the democratic party, most voters do not want to see a biden candidate again in the next elections. however, not threats, not exhortations. they can force the leaders of the arab world to increase the volume of oil supplies. there is simply no capacity for this, the kingdom of saudi arabia claims that the maximum oil production. it will not exceed 13 million barrels, we do not have enough storage facilities to place reserves above this level, while following the results of bilateral negotiations, the united states did not at all undertake to increase production in the saudi delegation to american partners. made this

limit, so far only on the horizon, the united states has set a deadline until december, as the us treasury that time the eu ban on insurance of tankers with russian raw materials should come into force washington hopes that two factors will strengthen each other and will help fight high prices, and at the same time they will not interfere with the supplies from russia themselves, these were economic news briefly. the eu council has already approved the seventh package of eu sanctions against russia, it includes a partial embargo on gold, expanding the list of prohibited dual-use goods, as well as expanding the list of russian individuals and legal entities subject to the restriction , the head of the european commission announced.

us treasury secretary janet yelen does not hide the fact that washington is trying to solve its own economiclties at the expense of russia helen called the limitation of prices for russian oil. one of the most powerful tools to combat the high cost of gasoline in the united states for this, supposedly, the help of global partners will be needed, meanwhile , the chinese foreign ministry called unacceptable the threats of the us state department against beijing regarding anti-russian sanctions with details to write chamkhala sanctions and impose restrictions also against china on this was stated at a press conference by a representative of the state department for this price. according to him, washington will try to do everything possible to beijing had no intention of cooperating with moscow to circumvent western arms sanctions or any prc assistance to russia in systematically evading unprecedented export control sanctions and financial measures. that you are behind a very high price, which will be exacted not only by the united states, but by the united states acting together with dozens of

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 realize that having the world's reserve currency is a burden. we can no longer afford to have and lar, courage in this kind of de dollarization. the big question now is, when will saudi arabia break their currency pag to the us all at once? the saudis do that. i think we, we want to want one look at that as a kind of step function in the the rate of d dollars ation. we're going to move into a different regime in terms of globalization about occurrences, muslims all over the world commemorating the 1st day of one of the biggest holidays of lam, a calendar. it's e, l ha. in east jerusalem, some a 150000 worshippers performed a prayer at jerusalem's alex most compound. israel's military hut said some restrictions and travel would be loosened during the holiday. however, there are reports that police set up dozens of road blocks and conducted searches, preventing many palestinians from reaching the holy site. meanwhile, in

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 realize 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 now is, when will saudi arabia break their currency peg to the us dollar? once the saudis do that? i think we, we want to what, what look at that as a kind of step function in the the rate of d dollars ation. we're going to move into a different regime in terms of globalization of other countries that china is dominance in solar panel of production a the threat to the west screen agenda. not according to a new report from the paris based international energy agency, which ones western countries to rapidly increase their share of the industry. china produces more than 80 percent of the world's poly silicon that uses solar panels and it's those. so at a fraction of the cost of western compasses is, but the inter

from deep insecurity in relationships. sanctions are one instrument of control imposed through the us treasury department. if a country poses a threat to washington's economic or political agenda, us sanctions ensure the other nations keep their distance from that country. and headed that same department treasury secretary j jaelyn is now threatening countries that break what it considers to be the international economic order. in other words, the washington and western lead world order and vows to impose harsh consequences on those that abuse it. claiming that economic integration has been weaponized by russia and referring to the need to recruit and integrate us allies into its supply chains. it sounds like the classic military posture of your either with us or against us and with china and russia, but applied to global trade. working with allies and partners through french shoring is an important element of strengthening economic resilience. well sustaining the dynamism and productivity growth that comes with economic integration. but why should any country be forced to choose a camp or cli

the recession has come , it's time to recover us treasury secretary jennet yelin made a very optimistictement, in her opinion. the country's economy has entered a new phase of recovery aimed at achieving sustainable and stable growth , meanwhile, on the eve of the release of preliminary data on gdp for the second quarter, they again showed a decline, as in the first. so we're saving chestnuts has officially entered a recession, but helen prefers to call it a transitional state. many economists and americans agree that a recession is a broad-based weakening of the economy, which includes large layoffs in companies, plant closures, household financial problems , and a slowdown in private sector activity. this is not what we are seeing right now. kraft hines is selling a baby food business in russia, and the intentions of the american company, citing sources in the investment community, kommersant writes, two plants are put up for sale, with a total capacity of 30,000 tons of products per year, as well as smart brands. and sami with a mustache assets are estimated at 3 billion rubles. shou

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 now is, when will saudi arabia break their currency pag to the us dollar? once the saudis do that? i think we, we wanna, we wanna look at that as a kind of step function in the, the rate of the dollar taishan. we're going to move into a different regime in terms of globalization of other countries. now we need clashes, broken out in the democratic republic of congo between the countries army and a rebel grape which accused rhonda is accused of backing. that's just a day off to the leaders. rwanda, an congo reached an agreement to de escalate military tensions on the border. the rebel group named m 23 has refused to recognize the latest p steel. both sides accused each other in negotiating the latest

scheme of things, in the end, we don't see anything positive. unfortunately, and just this week, the us treasurynce again named the countries that help russia, friends, to circumvent sanctions, and israel, unfortunately, is on the list. i also want to say that let's talk about putin's possible visit to tehran on july 19. we suspect that he will ask the iranians to give them combat drones, how realistic is it all? run has already passed, by the way, sullivan said that he is still afraid of the possible consequences of the country, which is already under sanctions. what is your opinion, but let's start with the leak information that was heard even before the visit. yes, regarding the fact that the iranians can sell these drones, where these drones can really create problems for the ukrainians, since i am here, it is difficult, frankly, to evaluate their effectiveness on our front, since, after all, the iranians use them to fight saudi arabia and if we can't, we don't know exactly the skill of the audi saudis in repulsing these drones , but let's really assume and we can rely on the assessments of

and i don't 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 was our currency is a burden. we can no longer afford to have and lar purging, this kind of d, dollarization. the big question now is, when will saudi arabia break their currency pag to the us dollar once the saudis do that? i think we, we want to want, what look at that as a kind of step function in the, the rate of $2.00 asian, we're going to move into a different regime in terms of globalization, of other currencies. china is dominant since, so a panel production is a power if the right to the west screen agenda that's at least according to a new report from the paris based international energy agency, which was western countries to rapidly increase the share of the industry. now china produces more than 80 percent of the world's poorly silicone. it's used for solar panels at a fraction of the cost of western competitors. but the international energy agency has caution that the e. u