Page 65 - Ruble News Today

Come. tell us more. what have you heard about this? >> reporter: well, clearly the russian central bank is trying very hard to defend its position and to send the message that it still has the power to defend the ruble, the russian curtoni. we saw a massive selloff in the ruble over the weekend in response to news that the west will be blocking the central bank from using its foreign currency reserves. now, why does this matter? typically if the russian ruble were falling the central bank would ...

Putin sending a low level cultural delegation, so there is widespread skepticism of any concrete discussions to end the conflict. global condemnation of russia is spreading with historically neutral switzerland joining europes anti-russian sanctions and israel not sending weapons to ukraine, but israel at least joining a u.n. resolution, a general assembly resolution condemning ukraine. the u.n. general assembly is voting in a rare emergency session on a resolution condemning russia, despite obj...

Of international payments and cutting the size of its budget. it could be a dangerous game for moscow. sanctions on russian banks would hurt. but president putin may be calculating that the us, the uk and the eu have slightly different strategic interests. while in the short term, the russian economy might suffer, this is a specific type of trade war where they are trying to change, actually, the strategic behaviours of a country using trade measures and sanctions, and the risk of all of that is...

Sanctions would prevents russian president vladimir putin from invading ukraine. he invaded anyway. are the sanctions coming in too late? >> its too little too late. we should have gone in early and removed them from the swift network. the secretary said they did not want to remove them from the swift bank because they would simply find a way around it. they changed course at the treasury along with the e.u. and england and the u.k. and decided to remove them from the swift network. that is good...

Alarming and shocking thing than the president seems to give credit for. yesterday there was a lot of anxietys about the ruble, and there was, you know, throughout moscow, evidence of a run on foreign currencies. in the banks. at least in the morning yesterday. when the news first broke about the invasion. one of the first things people seemed to instinctively do is to go out as the ruble was crashing, to a low not seen in a very long time, start withdrawing dollars andry euros and so on. so it ...

The reaction? were people worried? was there that gut wrenching concern that could cause deep civilian anger at their government? >> thats a little hard to judge but russians may not have stocks or a lot of them dont, but they do watch the course of the dollar and the ruble has been sinking precipitously. i think president biden mentioned that its at its lowest level ever, and that is really significant for russians. and on that level i think they are worried. and, also, i think its important --...

Many russians are only waking up now. on the sunday morning, and realizing that their country is in a serious financial vice. it is not at all clear what comes next. i got a call in my hotel room yesterday, from the front desk. they asked me to sell a bill early. they are not confident the credit cards are going to be working going forward. one of the big concerns are about the ruble. the russian currency, as you mentioned, has lost a lot of value already. but it can lose a whole lot more of the...

>> three things that we need to do. the first is this idea that we are going to only do sanctions until we see what russia is going to do. deterrence has failed. so you have to flip the script. now watch the ruble go to the floor. really lay on the pain. and then you can offer to take the pain off. once putin decides to lay off or have more restricted aid. then youre going to see hopefully the russian people come out in the streets and they are going to feel the pain. that needs to be the strate...

Rat, let me start with you. because i just talked about the extreme fall of the rubble of the ruble in moscow. and i think the question here that i was speaking about heavily is when and if the russian people will be dealing with. it are they already feeling it? whats the response on the ground that you are hearing and seen? >> yasmin, ordinarily russians are waking up this monday morning and theyre watching the value of their currency collapse before their eyes. and people here are terrified ab...

Invaded you vein in 2014 and annexed crimea. that is a price that hes absolutely willing to pay. if we dont accompany the sanctions with the strongest diplomacy and more military assistance, were not going to have the leverage that we need to induce a change in putins behavior. we can see, 200,000 troops. he had 70,000 last spring when he got a summit with president biden. >> neil: dan, if the threat of sanctions isnt moving him, you know, the tumble in the russian stock market isnt jarring him,...