uh, concerning sanctions against russia, where there are instructions to the us treasury department,e list of services that are prohibited to be provided to russian legal entities, while, uh, the list of such services has not been approved, but i do not exclude that they can get into financial services, including including those related to the transfer of funds, and from bank to bank, and naturally, in such a situation, we must also recall the speech mrs. vonderlein on april 6, when she, uh, announced loudly that it was time for us to think about introducing the so-called sparking accounts mechanism for paying for oil, when, in fact, oil would be shipped back, and money would be accumulated abroad without going to russia to some apparently separate decisions. therefore, in this situation, an absolutely natural and right decision is to secure the russian financial system, to secure russian suppliers, and those who supply this e, these energy carriers that are in demand and the president today he said that there is no alternative, for example, to gas in europe. and if possible. find so

fact that this war will not spread to our territory about dehumanization, the head of the us treasury departmentll be fewer americans at the g20 summit. what they originally planned, if the russians show up there, we'll be back in minutes. i saw you with him. i saw you looking at him, how do you know sophia? baby when you confess? love story history of russia interest alpha bank best mobile application works around the world proven virus can cause and many banks at my service. do not miss a favorable rate, open deposits in different banks. again on all window sills of the country whatever happens in the markets in the bcs application dozens of invest ideas for any situation. download the bcs application world of investments and invest with the leader. no moms, not like that, who doesn't do that anymore. i have to look. mom make more please. and me so deliciously created for each other kind and kind dinner and kind will share with you better ideas for dinners with benefit. find who intrigues recipes. look, kindness and dinner together are more beneficial . a proven virus can cause blood clots. th

in response to the regime's continued repression president bush as instructed the us treasury department to freeze assets of burmese state-owned companies that are held in us banks. this adds to actions last year to expand us sanctions against burma's regime and to tighten sanctions against its top leaders. we thank the european union, canada and australia for joining the united states in imposing similar restrictions, and we appeal to china india and burmes fellow asean members to use their influence to encourage a democratic transition. burma's ruling generals have had their chance to implement the good government. they promised to their people if it proceeds under current conditions the constitutional referendum, they have planned should not be seen as a step toward freedom, but rather as a confirmation of the unacceptable status quo. thank you all very much for giving me a chance to speak. i'm going to leave tomorrow for crawford for jenna's wedding, and i wanted to be able to make a statement about burma before i left. so i'm happy to take questions. especially could you offer us an

in response to the regime's continued repression president bush as instructed the us treasury department to freeze assets of burmese state-owned companies that are held in us banks. this adds to actions last year to expand us sanctions against burma's regime and to tighten sanctions against its top leaders. we thank the european union, canada and australia for joining the united states in imposing similar restrictions, and we appeal to china india and burmes fellow asean members to use their influence to encourage a democratic transition. burma's ruling generals have had their chance to implement the good government. they promised to their people if it proceeds under current conditions the constitutional referendum, they have planned should not be seen as a step toward freedom, but rather as a confirmation of the unacceptable status quo. thank you all very much for giving me a chance to speak. i'm going to leave tomorrow for crawford for jenna's wedding, and i wanted to be able to make a statement about burma before i left. so i'm happy to take questions. especially could you offer us an

johnson is talking about this, the us department of the treasury is talking about this, i can throw dozens of these quotes here you johnson who is going to starve putin's war machine a. here is the us department of the treasury who says that they are not only going to strangle the military machine, but in general exhaustion. e, too, to be exhausted and all the time here is exhaustion, while all other countries. they are say that guys we are going to make them exhausted and you have to go there. here are jennifer's dogs, who tells everyone that we are strangling them. and those who will not help us to suffocate them and participate in the suffocation. we will breathe you too. let's listen to zhenya. have n't heard from her for a long time. all zelensky zelensky a. she's also funny. let's as for china, our assessment has not changed, and we continue to expect them to comply with the sanctions against russia, roughly speaking in the economic plane, these are all talk about strangulation is actually. in general , also a movement somewhere, where no one hides anymore, t

the us treasury department says the luxury vessel is among assets linked to viktor vekselberg, the billionairening conglomerate. and we can go live to lviv in western ukraine, and our correspondent emma vardy. those concerns around what has been happening in butcher in particular but also allegations of mass occurs elsewhere and today volodymyr zelensky will be addressing the un. —— bucha. zelensky will be addressing the un. -- bucha. ., , zelensky will be addressing the un. -- bucha. . , ., -- bucha. that is right, the footage and images — -- bucha. that is right, the footage and images coming _ -- bucha. that is right, the footage and images coming from _ -- bucha. that is right, the footage and images coming from bucha - -- bucha. that is right, the footage and images coming from bucha has| and images coming from bucha has sparked outrage from world leaders, condemnation around the world, it is having a real impact and the ukrainian president really has the attention of the world, he will be addressing the un security council and will be calling for help from the international community to

that is a part of the art use that the treasury department and the president have asked folks to do. we ought to hold our county, our city and our state officials responsible for investing that money, particularly out of we're almost out of out of time. real quick, there's been a lot of criticism for a lot of different programs and i'm not. >> naming yours or anybody else's in particular, but, you know, you talk about homeless issues. it's a cottage industry of all of these organizations that do get millions of dollars to help the homeless. and you just walk outside. you can see it doesn't seem like there's been a huge effect of that. can you point to any saying in your programs or anybody else's programs that target these individuals who could become violent down the road where you can point and say this is why it worked and show us how it worked. a great question. and the strategies that they will evaluated. >> advance peace actually out of richmond. california is one of the best practice programs in the country were helping that implement that particular version of the program the

these conspiracy theories to allow there to be an investigation into foreign interference using the treasury department office of national intelligence and again, all of the differing arms of the federal government to then create a rationale to seizing these voting machines. it's a bit more complicated than some of the other schemes less covered to overturn the results of the election, but just as dangerous and the committee's task is going to be figuring out just how far these proposals got. we know that the former president did entertain some of these people in the oval office and what expressed an openness and at times even agreed with some of these people about these plan, but did he ever actually consider them in all seriousness and did he line up any of these players that he had installed in really important positions in the last month of his government to actuallies execute some of these very concerning and dangerous plans. >> there's an incredible quote from judge michael ludig that says trump's emergency powers would have been unprecedented in all of american history. hard to say it more power

he used a loophole ironically enough biden administration and treasury department want to get rid of used the loophole but abused the loophole. he declared most of his income of books and speech royalties as corporate profits rather than salary to avoid paying payroll taxes on this and he did so in a way not consistent, with, i don't believe consistent with the irs guidelines on reasonable compensation that small business owners have to pay themselves. elizabeth: so he is routing i think for 2017, 2018 more than $13 million through these s, these shell corporations to dodge the 3.8% medicare tax on income? i think jim banks says he owes half a million. so, because he has done that, you know, it is ironic because i think you've also pointed out that president biden claimed that quote obamacare is personal to me. it was a big blanking deal. now he is trying to avoid obama care, medicare taxes. you say there is an actual violation of the law. can you explain it? >> correct. congressman banks said essentially, joe biden should owe half a million dollars if he paid all of his $13 million a

us about them. >> yeah, the treasury department rolling out these new sanctions on russia, clearly tightening the screws here when it comes to continuing to impose a cost on russia for their invasion of ukraine. a few pieces to the new sanctions that were rolled out today by the treasury department. one commercial russian bank was sanctioned, also a whole entire network of 40 individuals and entities who the treasury department says has been working with a russian oligarch and what that network has been doing is helping russian entities to evade sanctions. so clearly the treasury department, the biden administration wanting to go after folks who have been enabling russian individuals and entities from getting out of paying any costs because of the sanctions that have been imposed. and then the other piece of this is that the state department is going to be rolling out visa restrictions on 635 russian individuals. and those are folks who have been involved in squashing dissent both at home and abroad. they have also been involved in russia's war in ukraine and the war crimes that have been going o

he previously worked as a terrorism finance analyst at the us department of the treasury where he played an integral role in the designation of numerous terrorist financiers. his latest book is the fourth. he's published. i'm also very glad we have a first rate journalist here to lead today's discussion catherine herridge is senior investigative car spondent at cbs news. she's had a long and impressive career covering national security and intelligence issues. she's reporter from nearly a dozen countries, including israel qatar afghanistan and iraq. as many tuning in. no fdd is about 20 years old. we are a non-partisan research institution exclusively focused on national security and foreign policy fdd. of timely research analysis and policy options we host three centers on american power in the areas of military economics and cyber which urged the use of all instruments of american leverage to strengthen american national security. we recently also launched our barish center on media integrity to address the national security threats posed by misinformation campaigns and disinformation

griffith: can you provide us with the department of treasury's analysis on those even if it's just a simple we don't see any problem? i appreciate getting that. secretary granholm: sure. mr. griffith: this committee issued a report in august of 2012 detailing our findings on the department of energy's failed management of the loan guarantee program which was in clear disservice to the taxpayers' interest. you have been secretary for about 14 months now. are you working with the inspector general to address the issues identified during the obama stimulus program to assure the american people that the law is currently being followed? again if you need to get to me later i understand. secretary granholm: i know that the new head of our loan program's office, don't know if you met with him yet, but he has revamped the entire program. i am assuming he did so in consultation with the inspector general report. mr. giveth: i appreciate -- mr. grichth: if -- mr. tkpwreuf -- mr. griffith: null market acceptance? secretary granholm: we should be subsidizing loans that -- reason loan program off

well, or as a high-ranking official of the us treasury put it, they gave away, and deim's next stage of work, his departments dismantle the russian military machine in parts to find out if these new sanctions strikes can hit the target of our reporters alexei semakin visited the production sites almaz anteya, larger than the enterprise russian military-industrial complex whose products , including the famous s-400 air defense systems, are already long been a target for western sanctions? at the spring session of the international monetary fund, for the us secretary of the treasury, he promised to strangle the russian army by dismantling the country's military machine literally, piece by piece, the next stage of our work will be the dismantling of the russian military machine in parts, including restrictions on the military-industrial complex and its chains, the americans believe that continue the military operation in ukraine and russia needs new arms supplies, so new sanctions should affect the key sectors of the russian defense industry are the aerospace industry and electronics. i really believe that us s

aid, but also in helping with intelligence, in helping squeeze the russian oligarchs, using our department of treasuryhat we have, and i'm just really thankful we have an administration that knows how to do that. >> that can call putin evil. should putin be designated as a state sponsor of terror? >> i think he should. although you know, i defer to the diplomats on this -- >> he's already there. he said so last week. >> i say that because i know that that creates problems with trying to get somebody to the table to come up with a solution. >> settlement. >> a settlement. i mean, we want to be -- we want this thing to stop. so, you know, that's why we need to have diplomats that know what they're doing. >> you're already there, right? >> i'm already there. compared to the other countries that are already designated state sponsors of terror, syria, cuba, libya, iran, i mean, they're small potatoes compared to what putin is doing. i heard mike mcfaul say earlier, which i agree with, the word "war" is a euphemism for what vladimir putin is doing. it's an atrocity. it's an obscenity. it's beyond any rules

us now, hagar chemali, former spokesperson for the u.s. missions, the united nations, worked at the nsc and the treasury department. we crisscrossed in many ways over our careers. >> thanks for being with us. we were talking about madeleine albright before we came on the air and losing her recently. what a great voice she would be right now, especially for a day like today, where the united nations, leegts face it, the united nations is facing a serious challenge today, they look completely irrelevant. it takes me back to what she said when she was america's ambassador to the united nations, she said the u.s. must reform or die. it looks like we're at that point again. >> what's crazy is we've been talking about reforming the u.n. for over 20 years. every secretary-general has said we're going to be reforming. every u.s. ambassador to the u.n. said we need to lead on reform. it hasn't happened. now you have a situation that is showing the u.n. at an existential crisis, that shows you have this body that you absolutely need but is feckless at this point, unable to achieve its mission in upholding international peace

this comes just a couple hours after the treasury department announced that russia can no longer use dollar denominations held in u.s. banks to pay off its debt payments. these are all really critical steps being taken. you're seeing immediate action on the global stage in response to bucha, that. >> phil mattingly, thank you. >>> secretary of state antony blinken did not mince words when he talked about the horrific acts carried out in bucha. >> what we've seen in bucha is not the random act of a rogue unit. it's a deliberate campaign to kill, to torture, to rape, to commit atrocities. the reports are more than credible. the evidence is there for the world to see. this reinforces our determination and the determination of countries around the world, to make sure one way or another, one day or another there is accountability for those who committed these acts. for those who ordered them. >> let's discuss this with ambassador steven rapp, he is the former u.s. ambassador at large for war crime issues. he's now a distinguished fellow for the prevention of genocide at the u.s. holocaust

treasury department on payments on russian debt in u.s. dollars. to take ushat is going on, we welcome bloomberg washington correspondent annmarie hordern. what is happening at the white house these days? annmarie: we got the note from treasury that if you owe a russian dollar-denominated payment and you have a government account in a u.s. financial institution, you can no longer use it. what treasury is forcing moscow to do is either run out some of the reserves they

he used a loophole that ironically enough the biden administration and the treasury department now wante he declared most of his income from book and speech royalties as corporate profits rather than salary to avoid paying payroll taxes on this. there is a lot of corruption between hunter biden and joe biden. i mean i think it is ironic that middle class joe, when he wasn't paying his fair share and avoiding taxes, he doesn't care about you. he is putting his mansions over funding your medicare. he doesn't care about the middle class. elizabeth: he is saying biden owes at least $127,000 in back taxes on his income taxes. he is saying he is underreporting his income. what do you think? >> it is not the income taxes, it is the payroll taxes but it is a lot of money. according to a piece in "the wall street journal," in 2017 and 18 they basically didn't pay any payroll taxes on basically 13 million in income he and his wife. president biden. he was not president yet. how they do it they say it is corporation profits. the corporations they created when he left the vice-presidency rather tha

treasury department. this is just over 40 minutes. se, welcome to those who are joining us as this year's finance chairs as the g7 mg 20, respectfully. i am also pleased to have david and crystal here today as the world bank and imf are actively responding to the global impacts of the war in ukraine. i wish we were meeting under different circumstances, but the reality is, we are facing rising global food insecurity. this touches the most for noble people the hardest. families that are already spending disproportionate amounts of their income on food. moreover, the interconnectedness of the global food system means that people on every continent are impacted. even before the war, over 800 million people are suffering from chronic food insecurity. that's 10% of the global population and more than the populations of our five home countries combined. poor nutrition and food insecurity has serious implications for economic world being, social and political instability. the war has made an already dire situation worse. price and supply shocks are already materializing, adding to

>> as you know, we have been using financial sanctions long before i was a treasury. the reality was that the president department -- financial sanctions took on a prominent role a different way after 9/11, when terrorist attacks -- attacked the world trade center. i was asked to review a -- financial sanctions over the last 20 years. that was what i did when i was confirmed and during that review, we didn't only look internally as to what we done but she asked me to talk with allies and partners about what had worked over the previous 20 years and what we should do going forward. it formed the basis of many of the conversations we would have in the deer -- year when it came to talk about what we would do if russia were to invade ukraine. some of the important lessons we learn from that review, which we publish at the end of last year animated the way we thought of sanctions, and will animate the way we think going forward. the multilateral approach is always proper -- preferable to a unilateral approach. when it came to russia, we formed a coalition that -- it isolates the adversary in a way that makes it harder

that i think is striking and would be good to pay attention to the treasury department is making it so russia cannot make debt payments using banks and so that threatens russia with default which could have a psychological impact on russia and putin because they've been trying to avoid that since the last financial crisis in 1998. >> as this plays out and you see secretary say thitoltenberg say could go on for years. other european countries, five years, six years, maybe a decade because otherwise you're inflicting pain on your own economy. the question is, does president biden, his team, understand this is the rest of the first term, maybe more. >> president biden and his team acutely understand it. that's why you see janet yellen setting expectations, should americans brace themselves for recession. the cost of holding russia's feet to the fire or russia accountable is going to be paid in addition to ukrainian civilians lives will be paid by americans and westerners in the pocketbook. >> and that's a huge communications challenge. inflation was already baked in, a thing before this war started. many will say how are you b

jeremy bash joins us, former chief of staff at the cia in the pentagon, and julia freeland are, a senior policy adviser at the treasury department in europe, where she focused specifically on sanctions. now she's the deputy director for the atlantic council. eric, talk to us about the status for the focus on the east. what is the ukrainian government tying civilians to do their? >> as i said in his report is now, we see a group of russian forces north of kyiv, as many as 40, 000, have basically fallen back into russia and belarus to re-arm and regroup there. it is unclear when they will move out again, but the pentagon believes they will move to the east. because of that and because of a threat of a major offensive by russia there, ukrainian officials are time people in the east that it is time to get out, it is time to flee the destruction and mayhem that the russians have inflicted there, that you have seen some of these other reports. everybody is gearing up for a major battle, whether it is in the next several days or few weeks. but u.s. officials believe it is coming soon. >> the question will be, is ukraine ready? jeremy,

us. you look at any of the federal agencies, what are they talking about? the top priority, even with the treasury department, is the climate agenda. it is their religion. climate is their god. whether it is usda, sorry to say, we have a former governor that has the agency, but it is the climate agenda. you go to treasury, it is the climate agenda. you go to any of these, even the dod, which is apartment of defense, it is all about the climate agenda. when you have john kerry out there, when we are talking about the war in ukraine and russia and what he is worried about is that putin follows the climate agenda. are you kidding me? folks. pretty radical out there. he is going to keep appointing all of these radical people. we have to work really hard to make sure they are not advancing. unfortunately, i tell you what, every single day, i miss president donald trump. [applause] sen. ernst: good nominees who knew what they were doing. >> speaking of donald trump, president biden's proposed budget would force people a base to fund abortions, strip doctors of their protections. biden's department of services is t

us now with the latest were shot. >> hey, good evening. the u.s. is placing even more sanctions on russia today. the treasury department announced that it sanctioned the russian bank and the state department is revoking about 600 visas. >> millions of lives have been shattered until and their lives have been torn apart by by the small. the united nations says more than 5 million ukrainians have fled the country since russia invaded 8 weeks ago. this is a staggering amount of people that of have to leave it there. her arms, that possessions, in some cases, family members behind as refugees flow in poland is working with its allies, including the united states to get military supplies across its eastern border into ukraine. your phone, you crave people fight for their country. xscape from the horrors of war while meeting with defense secretary lloyd austin. poland's defense minister think the u.s. words, military leadership and for standing with its nato allies. i believe that the u.s. active defense others. >> is crucial in preventing the crime you from any hostile acts gase night. >> to assist those still trapped in uk

. >> can you provide us with the department of treasury's analysis on those even if it is a simple we do not see any problems. i would appreciate getting that. this committee issued a report in august of two a 12 detailing our -- of 2012 detailing our findings that was in a clear disservice to the taxpayers interest. you have been secretary for 14 months now, are you working with the inspector general to address the issues identified during the obama simmons program so that the laws currently being followed -- stimulus program so that the laws currently being followed? jennifer: i know the new head of the loan office has revamped the entire program. i assume that he did so in consultation with the inspector general report. i cannot say that to you at this moment. >> i would appreciate if you could get me that answer at a later time i would greatly appreciate. would you agree that as stewards of taxpayer funds we should not be subsidizing loans where the project has little to no skin in the game and have low likelihood of reaching full market acceptance? jennifer: we should be subsidiz

chuck grassley and ron johnson have been showing us in the senate, they're putting up the receipts, the money that's been shown by the treasury department banks, you can see the money trail. millions of dollars going into the bank accounts of hunter biden and his business partners. so it's not feasible to continue to hold this line. >> sean: as i look at this, what is your take? miranda, more specifically, is this evidence that could get somebody arrested in your view? >> look, i mean, i'm not going to say that. all we know is that the delaware grand jury is looking into hunter biden for alleged tax evasion, money laundering and violation of foreign lobbying rules. these are all criminal offenses if proven. there's a lot of evidence. you know, the fact that we have the grand jury asking witnesses and showing them exhibits and then asking them to identify who is the big guy, that tells you they're pulling on those strings. as i know having spent so many months exploring the laptop, hunter biden's abandoned lab top, when you stop pulling those strings, at the end of them is joe biden. this is an influence pedalling scheme around the world

it is the treasury department that has the duty to keep us informed. to date we have yet to receive certain reports. this includes involving china and taiwan and against terrorism generally. i appreciate the treasury's work. but here, too, the treasury must respect oversight of congress and they have dodged hearings as long as they have. we have to have maximum pressure on moscow. but at the same time, we cannot keep our eye off the challenge that china poses and the risks that a rising china poses to the civility of the world. thanks for being here. and with that, i yield back. ms. waters: thank you very much. i recognize the gentleman from connecticut, mr. himes, for one minute. mr. himes: welcome, madam speaker -- secretary. i have been in dozens of these hearings and i can't remember a cooperation where unified actions more necessary. russian troops are raping women and murdering men and targeting children in ukraine. no one will forget the. ms. barragan: ism that we saw in bucha. we must do all we can to help ukraine win this war and show the nati

department of treasury during the obama administration. good to have with you with us >> so, new sanctions by the u.s. in coordination with the eu and the g7 were announced targeting putin's daughters along with top russian security officials and russian banks. and the measures include a ban on all new u.s. investment in russia. what's your response to these latest sanctions and how much impact could they have? >> well, i think the latest sanctions are significant tightening of an already fairly tough set of measures that the u.s. and the g7, the eu and their allies have -- have put on russia. um, it's -- it's not a massive increase. there's -- there's still plenty of room for the u.s. and the eu to continue to escalate. um, but the ban on investments is going to be damaging to the russian economy. um, continuing to put pressure on the russian financial sector is going to continue to make it difficult for russia to make payments for its imports. um, and it's going to continue the financial isolation of -- of russia more generally. >> and of course, ukraine's president

it's partly it state department treasury matter. can you tell us what's going on in the canal and southcom's interagency efforts to counter the threats like >> thank you for the question. senator we work closely with panama and her corps of engineers was just able to negotiate a water tender contract with panama which i think is huge because it's been 15 years in the making. we have a lot of ground to make up with panama. in terms of the investments china and the strategic investments that they make just like the panama canal where you enter and exit and on either side you have chinese state-owned enterprises and what i worry about chinese state-owned enterprises that have capability and infrastructure there is they can be used for dual-use which means civilians and military. quite honestly if you look at where the port projects are, 29 port projects in the al wire in 17 countries. these are very methodically thought out in my opinion and again i worry about the access under the guise of infrastructure and looking like they are helping economies an

used to run hydra. our partners at the german federal criminal police played a critical role in this operation and seized over $25 million in bitcoin from hydra. and our partners at the treasury department announced sanctions on the cryptocurrency exchanges believed to have facilitated many of hydra's transactions. as alleged, hydra enabled users in mainly russian-speaking countries to buy and sell a staggering variety of illicit goods and services, including illegal drugs, stolen financial information, fraudulent passports and even hacking tools and hacking services. transactions on hydra were conducted in cryptocurrency, and last year, hydra alone accounted for an estimated 80% of all darknet market-related cryptocurrency transactions. since 2015, the marketplace has received approximately $5.2 billion in cryptocurrency. let me say that again, hydra alone accounted for an estimated 80% of all darknet market transactions, more than $5 billion in cryptocurrency. working side by side with our german partners whose assistance was critical to our efforts, as well as our law enforcement partners at the irs and u.s. postal inspection service here at home, the dea and the fbi have ensured tha

treasury department and as a director at national security council. adam smith is at the international security law firm. thank you for joining us.hat are the extent of these new sanctions in your view and are they not ultimately caught between a rock and a hard place when it comes to the conundrum about the energy complex? collects the announcement was significant in couple of ways. united states with the europeans and u.k. are sanctioning the longest -- the largest bank in russia as well as the largest privately held bank. that is definitely big news. united states is continuing on with respect to prohibiting and limiting new investment in russia. they have invested in new energy projects. there is going to be a on investment in general. as the president of the commission was talking about, limiting the import of cold. at the end of the day, without the restriction on energy, the largest stick is yet to be swung should that is a real limitation with respect to the harm and the pain and the pressure i think these sanctions are going to impose on president putin or frankly not impose. rishaad: the recent revelation about alleged