you ve never had them before. it s clear he didn t expect them to come this way. why do i say that? because he built up that $630 billion rainy day fund. and say the u.s. is coming in from the dollar part of it. question mark if he can get to the gold part of it. eu is doing the same thing on the euro part of it. let s remember, he s been putting this aside since he invaded ukraine the first time in 2014, annexed crimea. so 2015, 16, 17, he really begins digging in deep and stashing away this money. clearly he has in mind this will face sanctions but at the table, prime minister with him, first deputy prime minister, head of the central bank, heads of other banks. he appeared on tv today which, putin s style narrative to the nation, i m not the one at fault. he called the rest of the world an evil empire, an em pire of
putin is now isolated from the world more then he has our been. together ever been. together [applause] together, along with our allies, we are right now enforcing powerful economic sanctions. we are quitting of russia s largest banks and international financial system. we russia s central bank making putin $630 billion war front worthless. we are choking russia s access. [cheers and applause] we are choking russia s access. it will weaken its military for years to come. tonight, i say to russian oligarchs and the corrupt leaders who build billions of dollars of this violent regime,
steps being taken now to freeze the assets of the russian central bank globally. pressure s of central bank had some 630 billion in far reserves. it can only access a small part of that now and about pressure s central bank. there is very little it can do to maintain. it can introduce capital controls but the likelihood is that when we are seeing on the rouble will only grow but that was not the only big step taken over the weekend, we have the announcement that some russian banks, unspecified as yet, will be excluded from the swift financial messaging system. that is important because a swift is used by thousands of banks around the world to facilitate swift and safe cross border financial transactions and if russian banks are excluded from that they are basically cut off from some of the wheels of global finance which will make it much harderfor
machine. triple booting s. it would limit s reserves estimated at more than $630 billion. s reserves estimated at more than $630 billion- s reserves estimated at more than $630 billion. live pictures from the polish ukrainian $630 billion. live pictures from the polish ukrainian border $630 billion. live pictures from the polish ukrainian border as - $630 billion. live pictures from the polish ukrainian border as a - $630 billion. live pictures from the| polish ukrainian border as a refugee agencies warn up to 4 million people could flee into neighbouring countries. welcome. the russian assault on ukraine is continuing on several fronts as the invasion enters its fourth day. ukraine s president, volodymyr zelenskyy says he s open to honest talks with moscow but ruled out negotiations being held out in the belarus of minsk or another city saying the neighbouring
may have been is doing so right now. they say she don t want to use all their choices now. this is not a deterrence at all. we really need to hit putin and the russian oligarchs where they live. reporter: i don t believe that any degree or amount of sanctions will make any difference or would have made any difference. that s my perspective. putin has a $630 billion piggy bank, a rainy day fund. he has been preparing for dealing with sanctions overle, many years. russia has enormous amount of sanctions on them now. so getting in the mindset of putin, no amount of sanctions is worth his legacy and what he believes to be russian history that he s setting right.