this week we saw reports saying the russian finance ministry finally made some of the interest payments on its foreign currency, sovereign debt. following the west decision to unfreeze on my part of the russian forks reserves, so that russia could repay its debt. one of the spooky last words to day is default, or am i right in saying that we have managed to avoid default or, or was it a one off event, so to speak. with that also accesible, we don't have any problems with the repaying or external dance and the russian governance position, the sovereign that has to be paid from the frozen or blocked us. this is very reasonable for them. and that when times are tough to say the least, the crisis is a window for breakthroughs in opportunities. it's hard to deny that the russian businesses have now been, shall we say carpet bombed as if you have a reputation of an anti crisis manager. what would you say now if you were to meet russian business people face to face? so, and 1st of all, let's focus on as m, e 's. what would be your advice to such people in these difficult time? so i just learne

but doubt finance ministry is reporting that almost half of them are now inaccessible. but people that's roughly $300000000000.00 you as dollars. me now how could we let that happen? paulette it is 0 mya se managing reserves is complicated. sure. today we're on concrete side. the central bank and the finance ministry saying they should have protect the money, et cetera, trust me, it's not all that simple. creating wealth is hard and keeping it is even harder. what we see now is that our accumulated wealth, and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, the literally and economically the property of all russian people. we see it, they have been seized in order to make people's lives worse to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens us is we are being treated in the toughest way possible. i don't, what is the was economic warfare or the like freezing and, and seizing the assets of any

today wrong can criticize the central bank and the finance ministry thing. they should have protecting the money, et cetera. trust me, it's not all that simple. creating wealth is hard and keeping it is even harder. what we see now is that our accumulated wealth and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, the literally economically the property of all russian people. we see they have been seized in order to make people's lives worse to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens to us is we are being treated in the toughest way possible. i don't, what is the was economic warfare or the like freezing and, and seizing the assets of any control central bank is the toughest economic sanction you can take period. do this campaigning as russia we are experiencing a massive attack on all the russian people. a wealth has been taken from us or not talk about yachts, plains, or ma

but now the finance ministry is reporting that almost half of them are now inaccessible. people that's roughly 300000000000 u. s. dollars. me now, how could we let that happen? related 0 mya se, managing reserves is complicated. sure. today we're on concrete side. the central bank and the finance ministry saying they should have protected the money, et cetera, trust me, it's not all that simple. creating wealth is hard and keeping it is even harder. what we see now is that our accumulated wealth, and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, the literally, economically the property of all russian people. we see it, they have been seized in order to make people's lives worse to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens to us is we are being treated in the toughest way possible. i don't what either was economic warfare or the like freezing and, and seizing the assets of any control cent

today, wrong can criticize the central bank and the finance ministry thing. they should have protecting the money, et cetera. trust me, it's not all that simple. creating wealth is hard and keeping it is even harder. what we see now is that our accumulated wealth, and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, the literally, economically the property of all russian people. we see it, they have be seized in order to make people's lives worse to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens to us is we are being treated in the toughest way possible. i don't, what is the was economic warfare or the like freezing and, and seizing the assets of any control central bank is the toughest economic sanction you can take period to this campaigning. as russia, we are experiencing a massive attack on all the russian people, a wealth has been taken from us or nothing about yachts, plains, o

this week we saw reports saying the russian finance ministry finally made some of the interest payments on its foreign currency, sovereign debt. following the west decision to unfreeze on my part of the russian forks reserves, so that russia could repay its debt. one of the spooky last words to day is default, or am i right in saying that we have managed to avoid default or, or was it a one off event, so to speak. with that also accesible, we don't have any problems with the repaying or external dance and the russian governance position, the sovereign that has to be paid from the frozen or blocked us. this is very reasonable for them. and that when times are tough to say the least, the crisis is a window for breakthroughs in opportunities. it's hard to deny that the russian businesses have now been, shall we say carpet bombed as you have a reputation of an anti crisis manager. what would you say now if you were to me, russian business people face to face? and think, 1st of all, let's focus on as m, e 's. what would be your advice to such people and these difficult time? so i just learne

ministry can get back into place. the us last week did agree to make clear that sanctions do not apply to organisations that are working with government states, er, government ministries. they apply just to the individuals who are named in the sanctions list, but they've got to go much further. they've got to pay the salaries of the civil servants. they've got to make sure that the assets are released to underpin a properly functioning banking system, and they've got to get international technical support into the finance ministry and the central bank, so that the economy can be run properly. well, what you seem to be suggesting to me is that the world isn't really paying attention right now. that's the reality. you're right. the world has got to learn to walk, chew gum and play the violin when it comes to humanitarian effort at the same time. we can't simply turn our torch from one crisis to another and expect any of them to be solved. and the system failure that i'm speaking to clearly applies and clearly shows that

ministry can get back into place. the us last week did agree to make clear that sanctions do not apply to organisations that are working with government states, er, government ministries. they apply just to the individuals who are named in the sanctions list, but they've got to go much further. they've got to pay the salaries of the civil servants. they've got to make sure that the assets are released to underpin a properly functioning banking system, and they've got to get international technical support into the finance ministry and the central bank, so that the economy can be run properly. well, what you seem to be suggesting to me is that the world isn't really paying attention right now. that's the reality. you're right. the world has got to learn to walk, chew gum and play the violin when it comes to humanitarian effort at the same time. we can't simply turn our torch from one crisis to another, and expect any of them to be solved. and the system failure that i'm speaking to clearly applies and clearly shows tha

that is according to the russian finance ministry. residents will receive their payments in rubles regardless of what the debt was originally denominated in but payments to foreign investors would depend on sanctions introduced against russia. this is just another aspect that we are watching in terms of how international investors, not just domestic players, are going to be affected. shery: that is the issue. the problems of the sanctions. will they only affect russia or will there be spillover effects and the rest of the global economy? the imf warning that russia's war in ukraine and subsequent sanctions will have a severe impact on the global economy especially when it comes to poor households. for these households, food and fuel are a higher proportion of expenses so what this means especially when it comes to a pass-through of rising international prices to domestic inflation and how this also complicates the picture for central banks. haidi: we talk a lot about food security. soft commodities are something you i've been watching

and the euro efforts by the russian central bank in finance, ministry have fail to haul to slump. russia and ukraine are among the world's biggest exports of grain. but the war is expected to lead to production losses and cancel deliveries with potentially grave consequences for some of the poorest regions in the world. in war torn yemen, the weed reserves will last for another couple of months, according to the government. but many like here in the capital city of santa worry about the rising prices for flower. yeah, not a russian war against ukraine will affect the whole world, not just us. it'll hit imports, exports, and trade. yemen will undoubtedly be affected. we're an importer of wheat, and most of our food comes from abroad. my mother, lebanon says it as wheat reserves for just one more month. the country's largest silos were destroyed, an explosion in bay root in 2020. the country depends on wheat imports. with 60 percent coming from ukraine, the government is looking for options. now, we've reached out to a number of countries, including the u. s. india, canada, and europe that

and the euro efforts by the russian central bank in finance, ministry have fail to haul to slump. russia and ukraine are among the world's biggest export of grain. but the war is expected to lead to production losses and cancel deliveries with potentially grave consequences for some of the poorest regions in the world. in war torn yemen, the weed reserves will last for another couple of months, according to the government. but many like here in the capital city of santa worry about the rising prices for flower. yeah, the other russian war against ukraine will affect the whole world, not just us. it'll hit imports, exports, and trade. yemen will undoubtedly be affected. we are an importer of wheat, and most of our food comes from abroad. my mother, lebanon says it as wheat reserves for just one more month. the country's largest silos were destroyed in an explosion in bay root in 2020. the country depends on wheat imports, with 60 percent coming from ukraine. the government is looking for options. now, we've reached out to a number of countries including the u. s. india, canada, and europe

, ministry, and to oligarchy. linked to australia, mining industry, and 3 russian cosmonaut so blasted off to the international space station where they'll join a crew that includes us. astronauts, a corporation in space is continuing for now, despite the u. s. at russian relations hitting their lowest point for decades over the chinese state television says president jean pink has told us president joe biden, that conflict is in no one's interest. the comments are said to have been made during a call to discuss the situation in ukraine. president biden, this sort of asked the chinese president not to provide russia with military or economic assistance us these vladimir putin gave china advance notice of his plan to invade. during talks in february, chinese and russian leaders pledge what they call limitless friendship between the 2 countries. i would like to get more on this call from d. w corresponding of a solid in washington. welcome oliver. i was president biden hoping to get out of this call. also, china is an important partner for russia and prudent and she, the chinese and the

, ministry, and to oligarchy, linked to australia's mining industry. nato secretary general again salton bird says the alliance must prevent any escalation of the war beyond ukraine's border. she was speaking in berlin. after meeting the german foreign minister and only a bare bone to sell, the foreign minister said more german troops would be sent to nato's eastern board meeting in time. death and the planter redesigned germany's national security strategy was enshrined in germany's coalition agreement last year. but the world europe, especially, is a different place now that became obvious once more when germany is foreign minister and only a bare bog presented the government's roadmap towards a revised security strategy. in her address a short while ago, she highlighted the need to strengthen security cooperation. with like minded ela, rush us attack on ukraine is a geopolitical turning point with deep impact on european security. the european union county is formulating for the 1st time, an extensive security policy strategy. and the initiative goes back to germany. when he's asked t

this is coming in from the finance ministry. the russian finance minister he. it says that paying agency, citibank, the bank agent to be specific, the london branch, received $117 million according to an email statement. kailey: they confirmed the scoop from yesterday which confirmed that the russians sent a $117 million payments to jp morgan which sent it on to city. now that we have trace the money to citibank, do the people who are owed that money get paid? that is unanswered. jonathan: is this a test of the pipes? this could clear the pipes, so to speak. lisa: there are so many questions here. the clearing of the pipes, although the treasury department did say that russia could fulfill its agreement for a while longer, even with the freeze. there is a caveat there. did they pay in rubles? did they pay euros? did they pay in dollars? how much does this get to the investors, and also, will the russians meet their following payments that are due. this is the first test of what will promise to be a series of nailbiter's. jonathan: there are more to come, and th

and the euro efforts by the russian central bank in finance, ministry have failed to haul to slump. russia and ukraine are among the world's biggest explorers of grain, but the war is expected to lead to production losses and cancel deliveries with potentially grave consequences for some of the poorest regions in the world. in war torn e m n, the weed reserves will last for another couple of months according to the government, but many like here in the capital city of santa worry about the rising prices for flower. yeah, the russian more against ukraine will affect the whole world, not just us. it'll hit imports, exports, and trade. yemen will undoubtedly be affected. we are an importer of wheat, and most of our food comes from abroad on the hot lebanon says that as we reserved for just one more month, the country's largest silos were destroyed. an explosion in bay root in 2020. the country depends on wheat imports, with 60 percent coming from ukraine. the government is looking for options. now we've reached out to a number of countries including the u. s. india, canada, and europe that pr

moscow was running up against the deadline but finance ministry official say they made good on interest payments on two bonds. the transfer have seen or have been seen as a test of whether the officials can keep up with their debt in the face of sanctions. the freezing of russia's foreign reserve could prevent them paying in dollars. they may have to pay in rubles instead. credit ratings animalysts say turning the term of payment will also constitute default. >>> russia stepping up its sanctions around the country. the listing includes semiconductors and diesel engines. japan has spllapped a single ba on russia belarus. it imported on export ban on more than 230 items in response to russia's annexation, crimea in 2014. >>> bridge stone says a cyber attack hits its u.s. subsidiary last month. the incident prompted a temporary shutdown of its factories. the japanese company says bridge stone in america confirmed unauthorized access to itself i.t. system on february 27th. this was to contain any further dama damage. officials decided to suspend any operations for up to about a week. all si

russia's finance ministry says it has paid 100 haven't in million dollars in interest on its dollar bond, but bondholders in europe have received no sign of the funds. the payment has come to example if i how russia plans to handle its future relations with creditors. the country has 30 days to pay or risk a default. the price of oil rebounding following a three-day route. futures were up more than 4% after having fallen more than 23%. investors continue to weigh the fallout against lockdowns and china. in japan, an earthquake code at least four and injured dozens more. the quick was a magnitude 7.4 and struck in roughly the same area devastated by an earthquake and tsunami 11 years ago. robinhood markets plans to let users loan out there stocks to other financial institutions, part of a push to compete with more conventional brokerages. robinhood is best known for its commission free stock and cryptocurrency trading, but it is gradually becoming more available as a service platform. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and

their protection suggests it will turn positive again to 4.7, but the finance ministry says the results do not reflect any impact from ukraine's situation. it conducted the survey in february before russia's invasion began. the ministry says it will closely monitor the affects the invasion and the pandemic have on businesses. >>> okay. let's take a look at what is happening in the week ahead. we will start with the world's two largest economies. now, china will come out with a series of key economic indicators while the u.s. central bank is expected to take the first step along its much-anticipated hiking path. china's national bureau of statistics will announce numbers on tuesday, shedding light on the country's economic conditions. manufacturer's business sentiment for february unexpectedly inched higher from the month before. the latest purchasing management index marked the fourth straight months of growth in factory activity. this came despite the lunar new year holidays and slowdown of production during the winter olympics. it was expanded for the first time in seven months and bu

ministry today the leaders of germany and france spoke with china's president xi in february, the chinese leader stood shoulder to shoulder with president putin ahead of the olympics. today xi called for maximum restrain warning sanctions against russia will dampen the global economy. but despite the diplomatic tension, senior official calls for maintaining a constructive dialogue with the u.s. and international security lester >> keir simmons in moscow, thank you. >>> the ukrainian war effort runs through the fabric of this country. from neighborhood volunteers setting up local defenses t businesses adapting to the needs of a nation fighting for its existence. ukrainians are fighting back any way they can while its army engages the russians head on factories like this three generation family owned metal company in lviv do their part max never imagined he'd go from making pots and pans to making anti-tank barriers >> it was very hard. we understand that we need to help the army. we don't know how. from the first day the many volunteers ask us to make different things like this >> so you a

the money has gone on, apparently, according to the russian finance ministry to a bank account with citigroup that we don't have any further word as to whether that money has been cleared, while we can say with a fair degree of certainty is if russia is at risk of default it's not because it doesn't have the money, it has about $630 billion of foreign currency reserves in gold, and that money has accumulated over years and years of lucrative exports of oil and gas, so what has happened here of course is that the west wants to make it harderfor here of course is that the west wants to make it harder for russia to defend itself economically and one of the things they have done is made it harderfor them to made it harder for them to sell theirforeign currency their foreign currency reserves in central banks around the world, and that has led to a severe decline in the rubble, it has lost a quarter of its value, but arguably it has made its value, but arguably it has made it harderfor russia its value, but arguably it has made it harder for russia to make ordinary payments to maintain debts like

ministry, and to oregon linked to australia, mining industry. germany's foreign minister has outlined her vision for a security policy reset on a lena bear book called for an end to german complacency about autocratic regimes. she also said the biggest challenge to global security was climate change. germany has been forced to reexamine its decades old approach to security of the rush as a base motion. 1 1 with millions of people fleeing the fighting in ukraine and arriving in foreign countries, united nations is now warning of the risks they face of being trafficked and exploited. of the more than 3000000 to lead, francis russia invaded in february. the vast majority of women and children, many men have stayed behind to fight. germany is now hosting nearly 200000 ukrainian refugees. the w's, marianna evanston spoke to one woman named katerina who safely arrived in berlin with her children. it's not about life curious about to run and escape as far as on the 24th of february. it was clear that the war started and we are state at home for 2 days. and it was the most unforgettable days

and that was as of march, the 21st as specified in a letter that was given from the dutch finance ministry to the, the government. so the city is some kind of double standards and a sense that what is good for the goose is not good for the gander. the rubel as well seems to be regaining ground to think a lot of people checking out every day on the back of the president's demand after some extraordinary fluctuations in the past few weeks. just briefly touch on that. sure. well, the rebel briefly nick nick to 3 week high against past $95.00 against the dollar. at the same time it pod gains but stayed well below 100 coming in about $97.00 against the dollar. and what we have seen is that since so be the 24th. the rubel has actually gone down by more than 22 percent. so essentially what you have is the russian president thing. and his message is quite clear you want, i guess you'll pay for it in our currency. but what is not yet clear is whether he can unilaterally do this with contracts that have already been signed in years and in dollars. yeah, thanks very much for laying all out for us. ou

the sanctions target multiple individuals and organizations, including russia, central bank finance, ministry, and to oregon linked to australia, mining industry, german to answer all of so that sent russian president vladimir putin half against spoken on the phone for just under an hour, according to the kremlin booted you accused ukraine of trying to stall piece tools were unrealistic proposal. but he said russia is prepared to find solutions senior to the comfort of the claim to western and the skeptical about shoals taught, urged milton to implement a ceasefire as soon as possible and to improve humanitarian situation. you know, couldn't invite or buy you lunch. just get more of this now from the w has one emily sherman, who was based in our moscow bureau until it was shut down by the russian government . emily did tell us more about this phone call between cha social's unplugged. well, judging from the kremlin, read out the main focus, of course, was our ukraine. there doesn't seem to have been much progress on the situation there. it was more of a chance. it seems at least for

they target multiple individuals and organizations, including russia, central bank finance, ministry, and to oligarchs linked to australia, mining industry. german chancellor, all i've shown says houston, our long phone call with the russian president to press for a commitment to a cease fire and an improvement of the humanitarian situation. the criminal says mister bruton told the german chances that ukraine is stored in peace talks with unrealistic proposals. a chinese state television says president gene pain has told us president joe biden, that conflict is in no one's interest. the comments are said to have been made during a call to discuss the situation in ukraine as the bible sort of asked the chinese president not to provide russia with military or economic assistance. u. s. police vladimir bruce. it gave china advance notice of his plans to invade. during talks in february, a chinese and russian leaders pledge what they called limitless friendship between the 2 countries. would like to think scare more on this call from d. w. corresponding of a solid in washington. welcome o

the sanctions target multiple individuals and organizations, including russia's central bank finance, ministry, and to oligarchy linked to australia's mining industry. nato secretary general yen salton berg says the alliance must prevent any escalation of the war beyond ukraine's borders. i was speaking in berlin after meeting german foreign minister, and alina, verbally, the foreign minister and minister said more german troops would be sent to nato's eastern border instruction days before you are a secretary of state. antony blinkin says russia is making no meaningful diplomatic effort to end the war in you cried. he also said he agrees with president biden, that russia has committed war crimes biden added that he believes russia's putin is a murderous dictator. waging and a moral war where you are more warriors. meanwhile, nato has been conducting a massive military drill in norway. the alliance says the maneuvers are designed to test troops readiness for combat. in cold conditions, some 30000 soldiers from 27 countries are involved. the w's jack pirate reports from camp brenna in

we will have to wait and see if they bring in comments from the finance ministry. the boj is maintaining their aggressive stimulus. the finance minister said the government needs to check if this is harming japan's economy. then the vice minister of international affairs said he spoke with his u.s. treasury counter part and the boj on finance ministry communicate daily and make decisions in a difficult environment. they are important branches getting together. the yen seems more behaved than the last couple days but when you talk about speaking with your u.s. counterpart, it seems to me, they used to make the calls and get the signals and they want investors and traders to know they are watching this. i do not know if they will take action. i do not think so, but we will see. haidi: a lot happening with japanese markets. richard, we have a preoccupation, the treasury curve segment inverting. the volatility we continue to see in japan with the yen and jgb's. if we get a cease-fire, does it remove some of the worry about recession or a policy misstep? >> i think we a

ministry to the parliament there. and that was dated march. the 21st saying that to the total 392000000 with russian acids and transactions had been frozen. so 30 does seem that we looking at a case of double standards and i think that's a valid point against the reaction that is that the you eat the leaders and the way to meet is putting forward. now, just finally than the rubles seems to be regaining. ground on the back of the president's demand after some big fluctuations in the past few weeks. then we will is doing better. it briefly led to a 3 week high pass, $95.00 against the dollar at pod games, but it stayed well below a 100 closing at $97.00. and it is actually down now more than 22 percent since for the 24th. so it is still quite a wiring situation. we have a situation we put in, have made a quite clear if you want to buy russian gas will, then you have to buy. i'll come and see what is not clear though, is if he can unilaterally withdraw from these contracts that are in years and in dollars. and that's som

ministry, and to oligarchy linked to australia, mining industry. in while nato has been conducting a massive military exercise in norway, the lion says the drills are designed to test troops readiness for combat in cold conditions. some 30000 soldiers from 27 countries are involved. d, w. 's jack carrack went along and reports now from camp rate up in norway, fire and maneuver. $2500.00 french polish, spanish and portuguese soldiers. taking part in this nato exercise cold, brilliant jump. the soldiers told us, the invasion of ukraine has posted their determination to defend their country. this exercise we are, we actually, i can see that we are a solid group. i it's, we are what we are working. i like i one organism. and if we are together, we will, i find a way these drills have been in planning for 2 years. they're using the cold conditions in norway to train artillery, infantry and specialists. you can deal with chemical and biological attacks, checking into operability between countries. these are the signs and the sites of war, but this isn't

but again, we have the ministry of finance flagging this is a potential issue. president biden's federal budget proposal to congress seeks $5.8 trillion for the 2023 fiscal year. nearly all of the major agencies would receive increases. for more, we are joined by enda curran. who will be impacted by these new tax proposals if they are passed? >> there will be a billionaire's tax, a capital gains tax and a corporate revenues tax. the idea is to raise $2.5 trillion to offset this budget. it increases funding for police and veterans and the like. a big question is whether these measures will get through congress without a major rewrite and without being overtaken by the economy itself. we have officials telling us that inflation forecasts are well ahead of data. that will have an impact on their assumptions. so we will probably get a new budget forecast sometime in the summer. it is something of a fiscal wishlist. but policy will determine how far those proposals actually go. dani: enda, thank you very much. coming up, as japan's finance ministers signals growing c

central bank finance, ministry, to oligarchy, lead to australia, mining industry. german chancellor, olaf sholtes is using our long phone call with the russian president to press for a commitment to a cease fire and an improvement of the humanitarian situation in ukraine. the cabinet says mister bruton told the german chancellor that you create a story, he's talked with unrealistic proposals. chinese state television says president jean paying has told the u. s. president joe biden that know that conflict is in no one's interest. the comments are said to have been made during a call to discuss the situation in ukraine. a president biden is thought to have asked the chinese president not to provide russia with military or economic assistance. u. s. police vladimir putin gave china advance notice of his plans to invade ukraine. during talks in february, russian and chinese leaders pledge what they called limitless friendship between the 2 countries. straight to washington then when we joined d. w, corresponded to all of a solid welcome oliver. what was president biden expecting to get

the russian finance ministry says the nation would try to pay in roubles if this happens. moscow has a 30 day grace period in which the government should pay up. if it doesn't, that would constitute a default. it would be the 1st time the country failed to meet its financial obligation since the $917.00 bolshevik revolution. while russian banks and firms are increasingly turning to china's currency, the won as they faced isolation from the west land v t. b bank is offering a chinese currency savings account with a maximum interest rate of 8 percent. others are also looking to start using china's union pay system for credit cards off the visa, mastercard suspended operations in russia. the dollar has been the world's reserve currency since the bretton woods agreements. in 1944, russia held $100000000000.00 or 16 percent of its foreign reserves in us dollars. as of june 2021. another 32 percent was held in euro's and the country's been trying to reduce its holdings of us dollar denominated assets. in recent years, it sold off all of its us treasuries. in 2018. moscow also held over a $

where is the letter that was written from the the finance ministry to the parliament there. and that was dated march the 21st saying that to the total $392000000.00 euros with a rush and assets and transactions had been frozen. so 30 does seem that we looking at a case of double standards and i think that's a valid point against the reaction that is that the you eat the beatles and the waste need is putting forward now just finally, then the rubles seems to be regaining. grind on the back of the president's demand after some big fluctuations in the past few weeks, we will is doing better. it briefly live 2 a 3 week high past 95 against the dollar at pod games, but it stayed well below a 100 closing at 97.7 and it is actually down now more than 22 percent since for the 24th. so it is still quite a wiring situation. we have a situation we put in, has made it quite clear if you want to buy russian gas, well then you have to buy, i'll come and see what is not clear though, is if he can unilaterally with, for, from these contracts that are in euro's and in dollars, and that's som

ministry to the parliament there. and that was dated march. the 21st saying that to the total $392000000.00 worth of russian assets and transactions had been froze and certainly does seem that we looking at a case of double standards. and i think that's a valid point against the reaction that is that the you eat the, the leaders and ways to meet is, are putting forward now just finely than the rubles seems to be regaining ground on the back of the president's demand after some big fluctuations in the past few weeks and we will is doing better 8 and briefly led to a 3 week high pass 95 against the dollar at part gains, but it stayed well below a 100 closing at $97.00 and it is actually down now and more than 22 percent since february 24th. so it is still quite a while in situation. we have a situation we put in has made it quite clear. if you want to buy russian gas well, then you have to buy our currency. what is not clear though, is if he can unilaterally withdraw from these contracts that are in euro's and in dollar

the russian finance ministry says the nation would try to pay in roubles if this happens. moscow has a 30 day grace period in which the government should pay up. if it doesn't, that would constitute a default. it would be the 1st time the country failed to meet its financial obligation since the $917.00 bolshevik revolution. while russian banks and firms are increasingly turning to china's currency, the won as they faced isolation from the west land v t. b, bank is offering a chinese currency savings account with a maximum interest rate of 8 percent. others are also looking to start using china's union pay system for credit cards off the visa, mastercard suspended operations in russia. the dollar has been the world's reserve currency since the bretton woods agreements. in 1944, russia held $100000000000.00 or 16 percent of its foreign reserves in us dollars. as of june 2021. another 32 percent was held in euro's and the country's been trying to reduce its holdings of us dollar denominated assets. in recent years, it sold off all of its us treasuries. in 2018. moscow also held over a

ministry to the parliament there. and that was dated march. the 21st saying that to the total 392000000 with russian acids and transactions had been frozen. so 30 does seem that we looking at a case of double standards and i think that's a valid point against the reaction. that is, that the, you eat the leaders and the need is putting forward now, just finally, then the rubles seems to be regaining ground on the back of the president's demand after some big fluctuations in the past few weeks. and everybody is doing better. it briefly led to a 3 week high pass, $95.00 against the dollar at pod games that had stayed well below a 100 closing at $97.00. and it is actually down now and more than 22 percent since for the 24th. so it is still quite a wiring situation. we have a situation we put in, has made it quite clear. if you want to buy russian gas will, then you have to buy, i'll come and see what is not clear is if he can unilaterally with, for, from these contracts that are in years and in dollars. and that's somethi

he served as economic advisor to sal, anker's, finance, ministry from 2017 to 20. 19 dash are great to have you with us is, shall anchor on the verge of defaulting on its debt. so sir langa is facing a very challenged situation on the foreign exchange and reserve for the position right now. so it's usable reserves that excluding the $1500000000.00 chinese, you ensemble amounted to just $734000000.00 at the end of february. that you know, that's in port coverage, around 2 and a half weeks. now in the month of february and march silica had liabilities maturing, amounting to $1800000000.00. so the, the gap between usable reserves and maturity liabilities is, is clearly betty betty. hi, you're not going to like us favor. now there was a deferment of $900000000.00 of su payment issue creating union payment that was due to be paid earlier this week that deferred by 2 months. so that does provide a little bit of a levy for the next few weeks. but overall to face the very challenging, challenging situation on its external external debt and it's for the reserves and the government says that it

he served as economic adviser to sol, anker's, finance, ministry 42017220. 19 dash. all great to have you with us. is cheryl anchor on the verge of defaulting on its debt? so sir langa is to see a very challenge situation on its a foreign exchange. her reserve was a position right now, so it usable reserves that excluding the $1500000000.00 chinese, you ensemble amounted to just $734000000.00 at the end of february that you have met in port coverage around 2 and a half weeks now in the month of february and march 2 lanka had liabilities maturing, amounting to $1800000000.00. so the, the gap between usable reserves and maturity liabilities is clearly betty betty. hi, you're not going to like us favor. now there was a deferment of $900000000.00 of an ac. you payment issue engineering, union payment that was due to be paid earlier this week that deferred by 2 months. so that does provide a little bit of a levy for the next few weeks. but overall, to the very challenging, challenging situation on its external external debt. and it's one of the reserves and the government

he served as economic advisor to sort anchors, finance ministry 42017220. 19 dash are great to have you with us. is cheryl anchor on the verge of defaulting on its debt? so to lanka is to see a very challenge situation on its a foreign exchange and reserve for the position right now. so it usable reserves that excluding the $1500000.00 chinese, you ensemble amounted to just $734000000.00 at the end of february. that you know, that you put coverage around 2 and a half weeks. now in the month of february and march to lanka, had liabilities maturing, amounting to $1800000000.00. so the, the gap between usable reserves and maturity liabilities is clearly betty betty. hi and knocking sri lanka favor. now there was a deferment of $900000000.00 of su payment issue engineering, union payment that was due to be paid earlier this week that deferred by 2 months. so that does provide a little bit of a levy for the next few weeks. but overall, to the very challenging, challenging situation on its external external debt. and it's one of the reserves and the government says that it can manage this, th

ministry to the parliament there. and that was dated march the 21st saying that to the total $392000000.00 euros worth of russian assets and on sections had been frozen. so 30 does seem that we looking at a case of double standards and i think that's a valid point against the reaction that is that the you eat the, the leaders in the west meters are putting forward now just finely than the rubles seems to be regaining. ground on the back of the president's demand after some big fluctuations in the past few weeks. the rebel is doing better. 8 am briefly left to a 3 week high pass, $95.00 against the dollar at pod gains, but it stayed well below a 100 closing at $97.00 and it is actually down now and more than 22 percent since phoebe the 24th. so it is still quite a, a wiring situation. we have a situation where putin has made it quite clear. if you want to buy russian gas, well, then you have to buy our currency. what is not clear though, is if he can unilaterally withdraw from these contracts that are in euro's and in

he served as economic advisor to sort anchors, finance ministry 42017220. 19 dash are great to have you with us is, shall anchor on the verge of defaulting on its debt. so to lanka is to see a very challenge situation on it's a foreign exchange. reserve was a position right now, so it's usable reserves that excluding the $1500000.00 chinese, you on stock, amounted to just $734000000.00 at the end of february. that, you know, that's in port coverage around 2 and a half weeks. now in the month of february and march to lanka, had liabilities maturing, amounting to $1800000000.00. so the gap between usable reserves and maturity liabilities is, is clearly betty betty hi and knocking sri lanka favor. now there was a deferment of $900000000.00 of su payment issue getting union payment that was due to be paid earlier this week that has been de by 2 months. so that does provide a little bit of a levy for the next few weeks. but overall, to the very challenging, challenging situation on its external external debt. and it's one of the reserves and the government says that it can manage this, this

and that was as of march, the 21st as specified in a letter that was given from the dutch finance ministry to the the government. so they said he has some kind of double standards and a sense that what is good for the goose is not good for the gander. the rubel air as well seems to be regaining ground thinker, a lot of people checking that every day on the back of the president's demand after some extraordinary fluctuations in the past few weeks can just briefly touch on the sure, well, the rebel briefly left left to a 3 week high against and past $95.00 against the dollar. at the same time it pod gains but stayed well below a 100 coming in at about $97.00 against the dollar. and what we have seen is that since february 24th, the rubel has actually gone down by more than 22 percent. so essentially what you have is the russian president saying, and his message is quite clear you want, i guess you'll pay for it in our currency. but what is not yet clear is whether he can unilaterally do this with contracts that have already been signed in euro's and in dollars or less. go live, no 200 over g

ministry to the parliament there. and that was dated march the 21st saying that to the total $392000000.00 worth of russian assets and transactions had been frozen. certainly does seem that we looking at a case of double standards. and i think that's a valid point against the reaction that is that the, you eat the, the eat leaders and western meters are putting forward now just finely then the rubles seems to be regaining ground on the back of the president's demand after some big fluctuations in the past few weeks and then we will is doing better 8 and briefly left to a 3 week high pass. $95.00 against the dollar at part gains, but it stayed well below a 100 closing at $97.00. and it is actually down now or more than 22 percent since phoebe the 24th. so it is still quite a wiring situation. we have a situation we put in, has made a quite clear if you want to buy rush and gas will, then you have to buy our currency. what is not clear though, is if he can unilaterally withdraw from these contracts that are in euro's an

ministry to the parliament there. and that was dated march the 21st saying that to the total $392000000.00 worth of russian assets and transactions had been frozen. certainly does seem that we looking at a case of double standards. and i think that's a valid point against the reaction that is that the you eat the, the leaders and ways to meet is, are putting forward now just finely than the rubles seems to be regaining ground on the back of the president's demand after some big fluctuations in the past few weeks and we will is doing better 8 and briefly left to a 3 week high pass. $95.00 against the dollar at part gains, but it stayed well below a 100 closing at $97.00 and it is actually down now and more than 22 percent since february 24th. so it is still quite a while in situation. we have a situation we put in, has made a quite clear if you want to buy russian gas, whether you have to buy our currency. what is not clear though, is if he can unilaterally withdraw from these contracts that are in euro's and in dollar

ministry to the parliament there. and that was dated march. the 21st saying that to the total $392.00 in euro's was a russian assets and transactions had been frozen. so certainly does seem that we looking at a case of double standards and i think that's a valid point against the reaction that is that the you eat the, the eat leaders and west meters are putting forward now just finely. then the rubles seems to be regaining. ground on the back of the president's demand after some big fluctuations in the past few weeks. the rebel is doing better. 8 and briefly left to a 3 week high pass. $95.00 against the dollar at pod gains, but it stayed well below a 100 closing at $97.00. and it is actually down now or more than 22 percent since phoebe the 24th. so it is still quite a a wiring situation. we have a situation where putin has made a quite clear, if you want to buy russian gas, well, then you have to buy our currency. what is not clear though, is if he can unilaterally withdraw from these contracts that are in euro's an