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Still has a little under $2 million of reserve in its foreign reserve accounts. if you were to count the chinese banking assets dollar asset, that's about 26, 20 civilian trillion dollars. if you were to add the chinese individuals dollar holdings, that's even a much bigger amount that is at stake here. and so if the us and western allies were to exercise a swift kind of financial sanction on china, i think that would collapse the chinese banking system. but also on the other hand over the past year, us president biden has used very aggressive and severe sanctions on chinese technology. and th...

More expensive. and that's a real problem.si and , you know, this is thiss is nefarious. we've launched thious.shave i investigation. we've now issued subpoenas because what they'resssubpoenasn do is essentially shut down lending to creditworthy applicants because they don' welct check some box on a wolke bingo card. >> these are these. and laura, this is 40 percent of of the banking assets in the united states . this is not small potatoes. l ps i mean, these are the bigl financial institutions. we've launched this investigatioinstitutionsinstitns a lot of legal issues at play, l including ant...

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With cut off russia's largest bank that holds more than one-third of russia's banking assets by itself. cut it off the u.s. financial system. today we are also blocking four more major banks. that means every asset they have in america will be frozen. this includes v tv, the second largest bank in russia which has $250 billion in assets. as promised we are also adding the names of russian elites and their family members that we are sanctioning as well. as i said on tuesday, these are people who personally gained from the kremlin's policies, and they should share in the pain. we will keep this ...

Banking assets by itself, cut it off from the u.s. financial system. and today we're also blocking four more major banks. that means every asset they have in america will be frozen. this includes vtv, the second largest bank in russia, which has $250 billion in assets. as promised, we're adding the names to the list of russian elites and their family members that we're sanctioning as well. as i said on tuesday, these are people who personally gained from the kremlin's policies and they should share in the pain. we will keep up this drum beat of those designations against corrupt billionaires i...