Page 55 - Freefall News Today

>> reporter: today, european leaders, canada, u.s. announce are announced a slate of actions really trying to expel some certain banks from the financial community. if we focus on the russian bank and the amount of cash reserves, about $600 billion, as it tries to prop up the russian economy amid waves of sanctions. what the u.s. and their partners are trying to do is basically stop that ability for the russian central bank to do that with some restrictive measures and also kind of sending the r...

Really trying to attack that $600 billion in cash reserves that the russian bank has and has really been using to keep the russian economy afloat as it gets through this wave of sanctions. these punitive measures announced today would try to basically stop that from happening and basically try to knock the rubel into freefall. if we go back to s.w.i.f.t., its intended to basically stop all transactions from certain identified russian banks that are able to do transactions through s.w.i.f.t., tha...

Out with an attempt to get a hold of inflation. thats the real worry here, how much it could impact everyday people in terms of exports, imports, what they can afford, and bigger questions about what this could mean when they inevitably, one would hope, open the stock market. they havent done that yet. they decided to delay trading. >> wow. >> reporter: s&p called down, the dow as well. european markets right now are down. european lenders are in a massive selloff because they are trying to asse...

Point for those big stores, for example, who have decided they cannot function at the moment, that means a lot ofjobs also going by the board and people will feel the pain. going by the board and people willfeelthe pain.— will feelthe pain. certainly, the reverberations - will feelthe pain. certainly, the reverberations begin . will feelthe pain. certainly, the reverberations begin to| the reverberations begin to take effect quickly in the employment sector because of these cut—offs. but als...

Conservative fiscal policy. its trimmed its budget. its also been weaning the economy off the u.s. dollar as a cushion, and its also been trying to diversify its trade portfolio of oil and gas is the lifeblood of the russian economy. and it will remain to be seen, these are early days, but when the markets open in russia today, we are also going to see whether or not, you know, theres a rush on the banks, what happens to the ruble, will it go into freefall? so these are early days. >> i was goin...

Operation is proceeding exactly as planned. well, its hard to imagine his plan included inspiring the ukrainian people to defend their country with such tenacity. strengthening the resolve and solidarity in the e.u., uniting the world in opposition to moscow, including 141 countries at the united nations, and businesses, associations, cultural institutions that have cut ties with russia. causing the russian economy to go into freefall, motivating tens of thousands to protest and countless more t...

Than we expected. in the long history of sanctioning it really takes time for major corporations to come along. especially in the interdependent mix that russia has had in international economic systems. the fact that you can no longer go to your local retailer and put something on visa or mastercard or you could go to the atm machine and maybe play with your cash advance in that credit card quickly and economically than i think many of the decision—makers thought it would. i decision-makers t...

Told u.s. adviser jake sullivan that china wants peace and could serve as a mediator. there is also humanitarian aid for ukraine. china is already russias biggest trading partner and likely the only superpower that could help slow the economic freefall. putin and xi announced a new oil agreement. then there is agriculture the same week that they launched severe sanctions on russia. chinese state media said in 2021, trade between the two

And missiles. in addition, the commerce department says it will ban both countries from importing oil and gas extraction equipment, while sanctioning groups that have supported these countrys military. previously image posed sanctions on russian technology ex ports extended to belarus which is accused of quote enabling putins invasion. joining us to talk about this washington correspondent, our friend ann marie. great to see you. lets start with the sanctions. just how big of a toll have these...

Years. if you look at russian oilfor years. if you look at russian oil for example, years. if you look at russian oilfor example, it has been going up 9% annually over the last four orfive going up 9% annually over the last four or five years or so russia does have alternatives and they will be arguing of course that they have seen a lot of, they have modelled everything so they know what the impact is going to be so there are resources there that russia has, but over time this is going to squee...