Page 64 - Ruble News Today

Russia has a much bigger economy obviously as you know than iran does. so is this predicted so quickly? the fall of the ruble and what is to come from that? >> listen he has been, they predicted the biggest, strongest, most egregious sanctions in modern history. and that is exactly what they have come through with. at this point, but weve been tracking for the last 20 minutes or so, since the start of trade, the most significant collapse of the russian ruble against the u.s. dollar in modern his...

Russian ruble, the reserves. all of the sanctions this time are very painful and russian federation has to pay the price. this was the initial intention if russia starts this war, the price of this action should be as high as possible and i think this is a case and this is how to say first of all our defense against aggression of the russian federation. >> lithuanian president nauseda, thanks so much for your perspective. appreciate your time, mr. president. thank you. >> thank you very much. sa...

The part of the administration believing that the threat of u.s. assisting a ukraine insurgency coupled with sanctions would defer vladimir putin from invading in the first place. that didnt happen. because we didnt get weapons in to ukraine beforehand, were faced with this extraordinarily difficult challenge. time is -- every day that goes by that president zelensky is still in power and still alive is a good day for ukraine and for democracy and freedom. but make no mistake. the russians recog...

Devoid of any kind of normal life in the center here. and it is just devastating to see what has happened since we were here, what, a couple of weeks ago when this was a normal bustling city. now its an absolute shell. >> russia is in a financial meltdown as western countries slam moscow with sanctions. the moscow stock exchange suspended trading for a second consecutive day. that after the russian ruble dropped. oil and gas giants cutting ties. today the french company total energy said it will...

Down this week. and are sanctions working? i will ask the former secretary of the treasury, larry summers. but first, here is my take. the battle has been joined, now all that remains to be seen is who will win. vladimir putins naked aggression against ukraine has triggered almost universal condemnation. last weeks vote in the u.n. general assembly to denounce the invasion was 141-5 with 35 countries abstaining. president biden has rallied not just the west, but much of the world. he has ann...

Shell actually today had to come forward and apologize for buying a cargo of russian oil last week and is vowing to stop development and work in russia from here on out long run. thats where the industry is and how far behind joe biden is. biden at his state of the union address and even today needs to stand up in front of the american people and say this is what we have to do. we need to sacrifice in order to support ukraine. we need to try and deprive russia of every possible cent or dollar or...

Leaders this morning, and were in full and total agreement. we will limit russias ability to do business in dollars, euros, pounds, and yen to be part of the global economy. well limit their ability to do that. were going to stunt the ability to finance and grow the russian military. were going to impose major and impair their ability to compete in a high-tech 21st century economy. weve seen impacts on russias currency, the ruble, which earlier today hit its weakest level ever in history. the ru...

This. were ramping up as the russians ramp up, so theres more to come. while energy is on -- in this current announcement, it doesnt mean its off the table. we also want to do everything we can to protect our own economy from the impact of this. >> okay. so you also, as i mentioned, announced sanctioning the russian central bank and its nearly $650 billion in reserves. thats a move intended to crater the ruble. how quickly will that happen, and are you worried that russians will retail ate? >> t...

From ukraine pan volodymyr zelenskyy, and it completely changed the trajectory of that package and what that means, both the work that the u.s. officials put behind the scenes over the course of the last several months and in this kind of almost peaking moment over the course of the last several days is the most unprecedented sanctions package for a country of russias size, $1.7 trillion, its integrated in the global economy like weve never seen before in terms of targeting. and you can look at ...

Putin. even before this. he had a close knit circle. there were so many reports about the fight who would let people into that circle. so, what do we know about who hes talking to? >> yes, that circle was small to begin with. its been getting smaller and smaller and smaller. a lot of the people in that circle are his peers from the kgb. they have climbed the ranks of the russian state. now we have all kind of had a laugh at these days of vladimir putin sitting at these enormous tables with forei...