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Move will be. my hope is and i think the hope of a lot of ukrainians is this will give vladimir putin pause. perhaps the military strategy he's adopted has obviously not been as successful as he wanted it to be. maybe that will make him he think this whole idea of taking ukraine, toppling the leadership or whatever his plan was. you can equally see, and the record might support this. you can equally see how he would want to double down, triple down and not back down in a situation like this. again, i think that's the big danger for ukraine right now. >> how do you predict a man who ordered thi...

They're afraid of retaliation. but as we see this war get more evident by the day, that made them start to take steps. jeremy diamond said it's too soon to say if it's a war crime, but clearly vladimir putin is targeting civilians. that's what generated the change that last week saw sanctions to then sanction the central bank, tough blocking sanctions that prohibit dollar transactions from major financial institutions. all of that is now ramping up as vladimir putin is inflicting more damage. talks between other nations happens tonight, kate. they are issuing a task

Access the funds? >> we should think about this in two ways. the european refiners are selling their gasoline and diesel locally and they're receiving euros for it, but you then go to the bank and exchange those euros for dollars and pay for the crude oil in dollars that they're buying from russia. for china, what can happen is china can pay for the russian oil in chinese currency and russia can in turn then buy ons consumer goods for avoiding dollar transactions. >> bottom line is it all does come down to china at this point in so many ways. >> andy, thank you so much for your perspective and...

Group will also take measures to paralyze the activities of Russia’s central bank in the latest response to the Kremlin’s attack on Ukraine

As Russia unleashes its war in Ukraine, the US and the EU have prepared new sanctions aimed at punishing Putin's regime. They target Russia's use of the dollar through its biggest banks as well as some key industries.