Page 56 - Ruble News Today

We also have mounted the profound costs on the russian federation, the economy, the financial system. already look at the consequences of it. the russian stock market is closed for days because they are afraid of capital flight. the ruble is worth less than a penny. putins war chest, amassed a war chest of $600 billion perhaps expecting to weather sanctions. he never expected these sanctions, these economic measures and because of them that war chest is now largely inaccessible to him. >> can yo...

Enough? do most americans believe the president is doing enough? you look at the numbers last night. a couple of flash polls of people that saw the president. i think cbs, something like 70% were positive on the speech. same number with cnn. people who watched the speech very positive about it. >> absolutely. i mean, you know, you say sanctions, you know, three weeks ago or whatever, and it doesnt sound like a lot. you actually look at the sanctions that are being imposed and coordinated by the ...

There how we handle that particular issue. so i think we also need to look at not only short term funding for transportation but long-term funding for transportation. theres federal ways out there and well have those conversations. >> neil: thanks very much for joining us. the senate foreign relations committee member, ben cardin, democrat from the state of maryland. thats a big thing to look at. could be explaining how and why vladimir putin would be hit hard. you can see it in the stock market...

So you can stop at nothing for your customers. we have more breaking news this morning. just getting word of new penalties imposed by the united states on russian financial institutions. lets find out exactly whats going on here. jeremy diamond is at the white house. jeremy, lay out the outlines of these new punishments? >> reporter: this is a major accident by the united states that tries to take direct aim at what vladimir putin has been building up for years in anticipation of major sanctio...

Maritime sectors and in total the united states and our partners will effectively be cutting off half of all high-tech imports going in to russia including cushing russias access to semiconductors and other foundational technology that russia needs. working in tandem it will prevent putins aspirations to power. the russian stock market plunged over 30% before being halted by regulators. the ruble weakened to the lowest rate ever and the price the market is charging the russian government to the ...

Putin may not care much about global public opinion. this might matter. the u.s. and europe will expel certain russian banks from s.w.i.f.t., the system that has allowed banks to talk to each other and process payments. they are discussing targeting the russian central bank. you can expect the value of the ruble to crash. david, major aboutface on the part of european nations that had resisted making this move on s.w.i.f.t. its like -- its a panic button when it cop comes to russian mo. what cha...

Investors say geopolitical risks they do abound, and they tend to ease over time. general petraeus mentioned some of the historic levels of financial market turmoil that have happened in russia. i mean, the words being used are, again, historic, collapsed, unprecedented, all of these things, especially when it comes to the currency. that russian ruble weakens to its worst level on record, at one point today, it cost around 110 rubles to buy just one u.s. dollar. to give you some context at the b...

Most important provider of energy, so, it can retaliate here, too. we havent really heard much talk about sanctions targeting russian oil and gas exports, but russia could itself choose to limit those exports just as were still in the winter, at the tail end of winter in europe. but russia has really prepared for this moment. ever since 2014, putin has made it a priority to kind of sanctions proof his economy. one of the things we heard yesterday during that hour-long choreographed security coun...

Werent projected to get to two for a number of years. the nord stream 2 certification on and the provision of lethal weapons and supplies for ukraine, having earlier provided as you recall, kevlar helmets, so again, thats just exemplary, and you noted the challenges for russia in the financial system, president biden said give it a month and see how it works. it is days because the stock exchange cant even open under these circumstances. the ruble has collapsed in the economy very quickly feelin...

Warning that russia could soon increase the intensity of their attack. >> they have suffered setbacks, but i dont think we can just assume that theyre going to stay set back. >> reporter: satellite images show a russian military convoy getting closer to kyiv from the north. the head of the convoy most recently observed at an airport fewer than 20 miles from the city center. as the ukrainians try to hold off the russian advance across the country, the u.s. and its allies are keeping up the pressu...