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After that was 100 million metric tons of russian coal in china has removed restrictions on the importation. putting a lot of money and basically it means that china is financing the killing in ukraine. >> is that amount enough then to sadly offset sanctions the west puts on moscow? books i do not know if it is enough. but certainly it is substantial. it is something that putin obviously wanted. remember putin and jinping spoke for more than two and half hours on vibrate forth just for the opening of the olympics we could see other chinese support. so for instance, the u.s. and other countries...

Brent. and the more you put on sanctions, the more you place secondary sanctions, which will sanction anyone who touches any oil transaction through the dollar system, you are going to increase that wedge because it is going to become extremely unpleasant and odious and -- and a really high profile way to do business with russia and with russian oil. so, you can -- yes, will prices may move up. they may move down. key thing is drive down the price that putin's cronies are receiving. that's what reduces the revenue that's funding -- that is funding this army and these attacks. >> it is a discus...

Repatriation rebuilding of ukraine. we are reading this and an international way. this is an international way. this is an international anti—oligarch initiative. there are still opportunities for russia to trade with china. how do we internationally put pressure on china to fall into line and is it possible to ask a country the size of the scale with the ambition that china has had to fall into line with the rest of world? you'll make the us government has said that, you know, if china helps at all to evade sanctions or undermine sanctions there will be further export controls in china and ...

It's also being reflected in the fact many ratings agencies have relegated it to junk status. there's the rachetting up by countries desperate to shut parts of the economy out of the dollar system. what's particularly important about all of this as you and i know, christine, russia is a commodities-based economy. this means naturally irrespective of the debt, because it's based on the price of oil, gas, other commodities priced in dollars, it is a dollar-pegged ecoeconomy. there is a shout out that has a huge impact not just on russian debt abroad they have to service but all other parts of th...

Government on its sanctions strategy, believes beijing maybe thinking twice about its closeness to russia. already the us government has said that if china helps at all with these sanctions, to undermine sanctions, there will be further export controls on china, you know, there will be retaliatory measures taken against china but i don't even think that is necessarily necessary. i think that china simply relies on the dollar system too much to violate these sanctions. i think that china has bitten off a little more than it can chew. i think that china is no longer so supportive of this invasio...