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They expresssed willingness to stand shoulder to shoulder. they released a long and cooperation between the two countries is limitless. when it comes to actually backing russia, if russia are being sanctioned by the international community, the west, russia will have to weight it up very carefully. trade between russia and china was $140 billion. its trade with the european union last year was four, five times higher. china has much more to lose. in the worst—case scenario, if russia is excluded from the us dollar dominated swift international payment system, china will also suffer because m...

Is there really a common interest here and is china in a position to insulate russia if there is military conflict and the west imposes sanctions? 0n the surface, both countries are getting closer and closer. 0n the eve of the opening ceremony of the winter olympics two weeks a-o, president putin and president xi sat down together. they expressed willingness to stand shoulder to shoulder. they released a long document saying cooperation between the two countries is limitless. when it comes to actually backing russia, if russia are being sanctioned by the international community, by the west, c...

With the _ china was $140 billion. its trade with the european union last year was four, — with the european union last year was four, five times higher. china has much — was four, five times higher. china has much more to lose. in the worst-case _ has much more to lose. in the worst—case scenario, if russia is excluded — worst—case scenario, if russia is excluded from the us dollar dominated swift international payment system, china will also suffer— payment system, china will also suffer because much of the trade payment — suffer because much of the trade payment settlement bet...

They can't continue the heavy ground invasion if there spending between $140 billion. that's four years worth of defense budget. they don't have much to show fo a. >> from the intelligence perspective when you talk about diminishing returns, it's not just resources in soldiers, wha about morale and public opinion does it also tend to wain the longer this war goes on? >> absolutely. the russians serving have a higher tolerance for that than we do in the west. these guys are 18-20 years old, they are hungry and want to go home so news reports of them being able to call if their parents in their ...

$140 billion. joining me is treasury secretary, who will be criss crossing europe to coordinate the imposition of these sanctions. thank you very much, mr. secretary, for being with us today. how concerned are you about russia's ability to use gold and get around the sanctions and what can the u.s. treasury do about it? >> thanks for having me. it's -- our goal is to make sure we shut down every avenue of evasion and my job is to be concerned about anything they can do to get around the devastating sanctions we and our allies have put in place. that's why taking the action with the g 7, what t...