President Vladimir Putin and chinese president xi jinping highlights the rising tensions over russia and its war in ukraine at this years gathering. Both leaders sent their Foreign Ministers in their place. It marks first time xi has skipped the gathering. The event will highlight india Prime Minister Narendra Modis attempt as host to promote the country as a major global power and himself as dominant world leader ahead of a crucial election next year. Were looking at why the 620 gathering is so important, and how the decisions made in delhi this weekend can impact you and the rest of the world. But first, what is the 620 . The group of 20 is a block of the worlds 20 largest the group of 20 is a bloc of the worlds 20 largest economies that was formed two years after the 1997 Asian Financial crisis in response to thailand devaluing its currency and the resulting deep recession in much of east asia. Originally, the 620 was a forum for the Finance Ministers and Central Bank Governors to d
fighting. forces and they ve been a critical part of his efforts to prop up dictators in syria and to extract resources from countries like the central african republic. burkina faso and nigeria, so i think that putin shows, once, again how aggressive, effective in brutal he can be at regressing people. but i ll remind you in closing that part of why prigozhin was so upset and so agitated was that they were not making more progress in the war in ukraine. that s a tribute to president biden, to the nato forces and to the rest of our partners and allies around the world who have sent so much support to ukrainians in her fighting bravely against the brutal russian invasion of eastern ukraine. well actually senator, we re gonna look back at this and look at joe biden who literally lifted humpty-dumpty that was nato. and put him back on the wall and became this remarkable fighting for, us wednesday night we re watching this debate where they re actually doing one of the united states
russia. tonight he is facing a new harsher sanctions that frees russian bank assets in the united states. and cuts off access to high tech imports. putin is the aggressor, putin shows chose this war. the won t limit russia s ability to do dollars, euros, pounds, and yen. to be part of the global economy. the envisioned rock the financial markets which were sharply down most of the day. but didn t up closing higher. for more on sanctions and the worst potential devastating impact, with stephanie ruhle coming up. the pentagon meantime has ordered some 7000 troops, more troops to germany, to support nato forces. i want to get right to the ground in eastern europe, i want to bring in erin mclaughlin who is nbc s correspondent in kyiv, ukraine. and matt bodner is and moscow, good morning to both of you. erin 24 hours ago, you were
you like, for the west, than it solves. tough new sanctions. president biden announces a tough new sanctions. president biden announces a wave - tough new sanctions. president biden announces a wave of- biden announces a wave of additional penalties in response to russia s invasion of ukraine, but how effective are they? are they? putin is the aggressor. are they? putin is the aggressor, putin - are they? putin is the i aggressor, putin shows are they? putin is the - aggressor, putin shows this war, and now he and his country will bear the consequences. find will bear the consequences. and we take a look will bear the consequences. and we take a look at will bear the consequences. and we take a look at the size and scope of the impact of the crisis ukraine will have on the indian summit. hello, and welcome to asia business report. we begin in the us, wherejust a short while ago, presidentjoe biden announced a flurry of new sanctions against russia, following president putin s
Ukraine-Russia crisis: With his decision to recognize separatist republics in Luhansk and Donetsk, and move to send ‘peacekeepers’ there, Putin remains the only one calling the shots