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1998, they didn't want to repeat it, that's why they both of this war choice of over 600 billion dollars of reserves. they did exactly what our country does, micro economically, avoid getting into crisis like this. well we've done though is neutralized a lot of those reserves. we frozen them, denied them access to them, and so there's very little that his economic advisers can do right now. they don't have the tools that they had developed and built up over the last 20 years to deal with the situation, because we've neutralize those tools. now, they're taking the steps they can take, like rais...

Correctly, accurately, confidently predict what he'll do next. u.s. intelligence have been trying to do that for decades, but from what you know of him what do you see are his paths and war choice, not faring well militarily and there's protests growing well at home. you can cut your losses, make some sort of face-saving measure and leave or you double down on violence. what do you think he'll do? >> we're in the middle of a very destructive cycle which is when i saw him at that table, you know, i realized that not only -- he did this in the first place because he probably sensed that the wind...

Answer the request for desperately needed military equipment. >> what's critical right now for every nation around the world to call on vladimir putin to end this horrendous war of choice, this war of carnage. that's where we are. >> reporter: china has refused to call the invasion an invasion. today, biden warned xi of the implications or consequences if china provides material support to russia if it conducts brutal attack against civilians and media. and telling president xi that conflict isn't in anyone's interest and the ukraine crisis is not something we want to city. and warning that ru...

Russia with a new round of sanctions. >> the power of these restrictions will compile overtime. we will continue to impose unprecedented costs, strengthen ukraine's hand and make putin's war choice a strategic failure. >> cnn's jasmine wright is live from washington. good morning. how are these sanctions different than the ones we've seen before? >> reporter: i think you can look at them as compounding, adding to the fact as the u.s. looks upon creative ways to keep them from rebounding. the u.s. is targeting organizations. they say they're adding 120 entities to the entity list really making ...