destabilizing nato allies. so, a great deal would be at stake. but a great deal, as matt was describing earlier, would be at stake for russia. russia does not want to see its economy closed off from the rest of the world. there have been sanctions, targeted sanctions, put on russian individuals, russian oligarchs, but not syrian-level, iranian-level on the entire economy. richard, peter, matt, thank you so much. for now, we need to turn to the january 6th investigation. two very big hearings today. one on capitol hill focused on the police response from that day. that s taking place at 10:00 eastern. the second, an hour later in federal court where the latest hearing for steve bannon will take place. nbc s ali vitali on capitol hill. scott mcfarlane for washington. and inez vivinder joins us.
the white house has said that each country, including ukraine has its own sovereign right to make decisions for itself. again, that conversation an hour from now, with very high stakes, as you noted, stephanie, this could be the most important call of the presidency so far. okay, but, matt, more sanctions. is that really going to change russia s behavior, we ve hit them with a ton of sanctions already. last i checked, russian oligarchs and putin himself, they re filthy rich. reporter: that s exactly right, stephanie. russia has additional lists of sanctions, the list grows every year. but the behavior does not change. and russia more or less seems to roll with the punches on this. the sanctions have been constructed in such a way where they re supposed to be quite targeted. sometimes the defense industry, and these are things that russia has been able to work around. the west collectively so far has
buckle up, let s get smarter. in just one hour, president biden will hold one of his most consequential calls of his president with russian president vladimir putin on the other end of the line. there s a ton at stake. i want you to take eye look at satellite photos, those are russian troops, thousands of them literally on the door step of ukraine. and there are fears of invasion and it could be imminent. and biden is advising putin you must stand down. the question is does putin have any interest in listening i m bringing in peter alexander, matt bodnar in moscow. and the big guns, richard engel from ukraine. peter, this seems pretty simple. biden wants to tell putin don t invade or else. and here s the thing, what exactly is or else? yeah, it s a big issue that the urs has been confronted with