Page 3 - 620 Billion News Today

The scale that theyve been in post. i mean, central bank sanctions, cutting off the financial system through swift. we did that to iran and so we have a sense of the scale. the currency reserves of the russian central bank are 620 billion dollars, thats larger than the entire iranian economy when we impose the sanctions. its not a direct military conflict between russia and nato at this point. and look, i think we do need to step back and there is risk of escalation. i agree that one of the hoax...

Deterrent. or serve as a deterrent. so how is the kremlin responding tonight? >> you know, i think publicly theyre -- in fact, it was interesting when president biden spoke, the kremlin said they didnt have time to watch his speech because president putin was -- had another meeting that he had to attend. so theyre kind of brushing it off. sanctions over the years have hurt russia. the problem is putin new as you said, that sanctions were coming. so he has prepared his country. and by saving up a...

$620 billion of reserves. the debt levels are down. presumably, china can only step insofar, even if it is minded to, to step in to stop the gap. well, it an interesting example what _ well, it an interesting example what happened back in 2010 when europe _ what happened back in 2010 when europe imposed the first round of sanctions following crimea. 0ne of sanctions following crimea. one of— of sanctions following crimea. one of the retaliation measures which _ one of the retaliation measures ...

Warning, not the kind of warning that biden gave putin in geneva or phone calls that putin obviously ignored, but a real warning. im not sure they would be willing to die because they know that nato has enough firepower to polarize russian troops in the ground probably within 48 hours. >> ben, would you agree with that? where do we go from here? his conflicts unavoidable? >> well we are in a state of conflict and in the sense that the united states is using economic warfare. i mean, stephanie, y...

Crosstalk. do come back to that. i want to, as you are the bbc�*s environment correspondent, justin. dont you mean bbcs climate editor! - climate editor! forgive me. just in terms of that, in practical terms, pavel, what about the impact on the russian economy here? because the point is of — we are told — is that russia has built up these enormous reserves — what?, $620 billion worth of reserves. its debt level�*s down. but a quarter of its exports are bought by europeans. i mean, chin...

Gasoline goes up. thats what happens if we cut off the supply of oil coming to america from russia. >> brian: can we just get it somewhere else. mexico, canada, america? >> the obvious answer is that we go get our own oil. start drilling again. start fracking again. open up the pipeline. thats what we should be doing. and everybody knows it. but he cant do it because the greens wont let him. >> brian: so russia is really not going to fill the pinch because most of these contracts have been signe...

Profound. we dont know all the individuals on them and they can go further. they didnt completely isolate russia from the s.w.i.f.t. banking system. we know theyre tougher. the question for you, jill, is president putin prepared for this? is this exactly what he expected or is he at all caught off guard? >> reporter: i dont think hes caught off guard. maybe he doesnt know every single part of this but he knew some draconian steps would be taken. you could say he was preparing for this for a long...

They think trump will do it for them. >> is that true? there is a report from the american action forum, the conservative organization that says that, doing that, taking all, deporting all the illegal immigrants, would take 20 years and cost between $420 billion and $620 billion them claim would it reduce the size of the economy by 5.7%. >> but if you believe as some of donald trumps supporters do, that the single greatest threat to the american way of life are immigrants from mexico and central...

Brian williams with the mission of making health care available and creating a platform that would allow employers to lower their cost of care by providing complete transparency on the cost and quality of what youre buying. >> the ges, the walmarts of the world. >> that is correct. the big customers are the fortune 500. we are now paying $620 billion in health care. >> i can go on the website and say an mri will cost this here and this here. >> that is career. thats the beginning of your journey...

Going to cost $620 billion more over the next ten years than had we not done obama care. so we did not solve the problem there. >> can i just steer us back to the problem were facing like immediately? >> today, right. they are all part and parcel of the same thing. >> so the debt ceiling. >> 40 seconds. >> so the president came out today and said it was catastrophic, insane and chaos if you did not raise the debt ceiling. whats your response to that? ? >> the president should be trying to calm t...