And warning aboutjob losses for example in the ordinance sector, which is one of the biggest employers in the country. so people are a lot more fearful about what is coming next, in terms ofjob security and income. coming next, in terms of “0b security and incomei security and income. chris, i remember security and income. chris, i remember there security and income. chris, i remember there were - security and income. chris, i. remember there were warnings initially about what the west was doing in terms of sanctions would lead to the collapse of the russian economy, banks would fail. we haven t seen any of that, so do we take it to mean the effect is being delayed all the sanctions weren t strong enough? what do you read into that? you read into that? there are two things. you read into that? there are two things, first you read into that? there are two things, first of you read into that? there are two things, first of all - you read into that? there are two things, first of all of - you read into that? there are two things, first of all of the | two things, first of all of the economy has actually been made a lot more resilient. remember, russian has been dealing with sanctions at a tightening level since 2014, and over that last seven or eight years, the central bank and government ministries like finance and economy have adapted to sanctions to some extent, so coming into this latest crisis, the central bank had diversify
And probably all of us. him staging and timing these sanctions, i think we have to give him some credit up to this point. i, for one, was looking for swift expulsion today and perhaps even more with regard to the oligarchs and their children and removing some of their assets or making it more difficult for them to enjoy them. i was most encouraged, bret, by your interview with the ukrainian foreign minister whose resistance, i think, speaking on behalf of the people of ukraine resistance and pride in ownership of their land and more importantly their future. they seem to be more invested. in i m 51 years old. i was in congress when we divided to go to war in afghanistan and iraq and supported it. we can talk about that later. but we have never seen in the country the kind of evidence that you and others are laying out as to what president putin is doing. why he shouldn t be doing it i think the world, even rallying around where we are. again, ukrainian people and what this president still has in his
Intelligence has also gotten rid of in concert frankly with our nato allies gotten rid of any chance putin had to make an excuse that somehow this was started by the ukrainians. we saw the intelligence community, for example, say if there is a coupe it, would be driven by the russians. we saw the the fact that the russians were going to put out a video that was a false flag operation. we prewarned that i think that s kept putin a little bit off his game although he clearly still came in with guns ablazing and unfortunately, peace that was reigned for 08 years has been destroyed. bret: there has been skepticism about the level of sanctions. we are on the second tranche of sanctions by president biden today. take a listen to the questions by reporters at press briefing. sanctions have clearly not been enough to deter vladimir putin to this point. if sanctions cannot stop
stands up with sanctions. this is going to impose severe costs on the russian economy. both immediately and over time. the president admits putin went feel the pain for a while. it s not going to occur is he going to say oh my god these sanctions are coming i m going to stand down. but exactly how sanctions have been advertised. the purpose of the sanctions has always been and continues to be deterrence. the latest punishment comes after a virtual meeting of the g 7. we will limit russia s ability to do business in dollars, euros, pounds and yen to be part of a global economy. the west is not yet going as far as they can as they are not yet kicking russia out of the swift financial system holding back some sanctions to see what putin does next. if he is threatening a nuclear strike? i have no idea what is he threatening. nukes or not, the president argues putin is a villain. putin will be a pariah on the international stage. much tougher talk than june when biden and putin tried to iron out new rules of the road.
President putin, what penalty can? respectfully, sir, what more are you waiting for? you are confident that these devastating sanctions are going to be as devastating as russian missiles and bullets and tanks? yes. bret: clearly, a united front there about whether it s stiff enough. you have the ukrainian foreign minister saying we should have taken russia off of swift with our allies around europe. what s your sense of these sanctions? are they tough enough? listen, i don t think anyone who has followed putin felt that sanctions in a 24-hour or even 48 hour, 72 hour was going to stop 190,000 troops he had amassed at russia s borders. i can tell you this. and having these sanctions in concert with our european friends. are a heck of a lot stronger. the idea that nord stream 2 has now been fully sanctioned in conjunction with the germans is much more important. the fact that we are having