Page 3 - Rubel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> reporter: today, european leaders, canada, u.s. announce are announced a slate of actions really trying to expel some certain banks from the financial community. if we focus on the russian bank and the amount of cash reserves, about $600 billion, as it tries to prop up the russian economy amid waves of sanctions. what the u.s. and their partners are trying to do is basically stop that ability for the russian central bank to do that with some restrictive measures and also kind of sending the rubel into freefall. we know u.s. officials are discussing sanctions and turning to s.w.i.f.t., that ...

Really trying to attack that $600 billion in cash reserves that the russian bank has and has really been using to keep the russian economy afloat as it gets through this wave of sanctions. these punitive measures announced today would try to basically stop that from happening and basically try to knock the rubel into freefall. if we go back to s.w.i.f.t., it's intended to basically stop all transactions from certain identified russian banks that are able to do transactions through s.w.i.f.t., that connects to about 11,000 different financial institutions across the globe. and that is supposed ...

Encouragement saying we need to be clear-eyed and this war is not going to be won in days or even in months but assuring the polish people and ukrainians and all the nato alliance that the u.s. is standing at the ready and by their side. gillian: jacqui, this is gillian. i want to ask you, did you hear a deliverable from the president there, a lot of rhetoric and commitment to standing with ukrainian people, did he make commitment that you picked up? jacqui: that the rubel has been left to rubble and the president equated that to being of the same -- saying that basically the sanctions have no...

Begotten gains, yachts, luxury mansions. we have sanctioned more than 400 russian government officials including key architects of this war. these officials and oligarchs have reaped enormous benefit from the corruption connected to the kremlin. and now they have to share in the pain. the private sector is acting as well. over 400 private multinational companies have pulled out of doing business in russia, left russia completely. companies like mcdonalds as a result of unprecedented sanctions, the rubel reduced to rubble, the russian economy, that's true by the way. [applause] >> takes about 2...

Western sanctions imposed on Russia as a reaction to its invasion of Ukraine are beginning to bite. Everybody is likely to be affected, but some economic sectors will be hit harder than others.