they do not regularly do. talk about what the impact of all of this will be on the russian economy, on russian oligarchs close to vladimir putin, and those middle class russians who were fearing the worst right now. >> yes, joe, this is certainly the most robust package of financial sanctions thai can remember being imposed. i think it goes far beyond what most people, including the russians especially, expected to happen. i will come back to that in a second. but the impact on russia and its economy is very much along the lines of what you have said. we have seen reports of people lined up at atms. we see hoarding going on. we see the russian stock market falling over 40% and now being shut. we see the ruble collapsing. these are all signs of a country in great distress. where it ends for the russian people and the russian economy, of course, is too soon to know. but i think you can probably expect based on past efforts -- past sanction efforts that we have done a very steep recession
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