have gained from russian kleptocracy. they won't share in the pain. the point the ukrainians are making is right. these costs are going to escalate from here. the two largest banks in the russian economy are $750 billion in assets under management. that's ten times larger. our export controls, which can deny all the critical technology inputs to russia have yet to be unveiled. we can unveil those at any moment. let me also say this, russia is already feeling the pain. their inflation rate has spiked higher to almost 9%. their central bank hiked rates eight times to 9.5%. this is all because of the signaling of sanctions and now we're starting to deliver. >> when you say there is a blood lust for sanctions, by whom? >> i hear it, i hear it from many in the media, why didn't you impose all of your sanctions on day one? and so what i'm saying to you is we saw the beginning of an invasion yesterday -- >> i was quoting -- i was quoting ukrainian foreign
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