the 2nd annual russia africa international conference with delegations from over 40 african nations taking part with this sunday. and that means this the weekly here on our tea international. my name is peter scott harris from the top stories on last week. thanks for joining us. a russian president vladimir putin has made a surprise sunday morning visit tomorrow. you pull in the done, it's republic, the russian president drover on the devastated port city on the as of sea to look at major b construction projects. it was his 1st visit to the city since russian forces seized it last spring. russia considers the dentist republic its own territory, falling a referendum last year about this has been widely condemned as a sham internationally. but even putin took the opportunity to talk with some people there and address their concerns, such as getting russian passports and regular salaries. it was accompanied by rushes, the deputy prime minister in charge of regional development. as he visited several parts of the city to inspect the progress of restoration, this p. m told the president how the city was destroyed during the fight to thumb jim's bully. it's immediately visible what the ukrainian armed forces did here. when we were advancing, we didn't hit anything, but they were firing from tanks directly hitting residential buildings. they just destroyed everything, even when there was no reason to do so. they still heat everything inside. they even put land mines in corpses, refuges lived here. i saw this with my own eyes. they performed operations in one room and in another. there were sick people. other people were living in a 3rd room. there were land mines in the medical equipment in the hospital so called, not cease neural people would not have done this. if a president putin also held a meeting at a command post in the nearby russian city of ross on don accompanies said the russian leader heard reports from the chief of the general staff as well as a number of other members of the military's hub ross. about move that's will have wide ranging negative results. while that's the message from serbia's. president's alexander, who judge regarding the decision by the international criminal court to put out an arrest warrant for russian president vladimir putin. this decision will have bad consequences, politically bad consequences for human life and shows that there is a great reluctance to discuss peace, even a truce to save lives. the court in the hague claims, the russian president on the commission of children's rights are responsible for deporting ukrainian children as an allegation supported by keith, but rejected by moscow. his position is that he had to evacuate the children after the war zone. this comes as the icy seas jurisdiction is not recognized by countries including russia, china, india, and the u. s. and his, the reaction from russia's a foreign ministry. decisions of the international criminal court have no significance fall country, including from legal standpoint. russia is not a participant of their own statute of the international criminal court and has no obligations under the statute. russia does not cooperate with this body and possible recipes for arrests from the i. c. c will be null and void to us. what's the area of mariani a french member of european parliament says to me by the i c. c. as part of an information will there is not fairly is prob, failures investigation and you know, go down amount that organization said there is a patient should run. and everybody repeat. if we want to be sure, excuse me, we must cop 7. yes, investigation. i just the so that the, i think what the through or good statement of bringing not very he and some of you with me not very independent around 30 state in the world. don't recognize that you, for example, in the 5 members, the 5 prominent members of the conceal of security 3 don't recognize this, that you, if you don't recognize this, that you, this, i see us up through 3 know signification on your country. and of course, when the russian authorities said this as no importance for us, because we don't recognize this court is by euro. is the case. can i take another example? do you remember any sanction about some america authorities after the invasion of iraq, for example? no. why? because they don't recognize. that's why this decision is just the decision about, you know, inside the war of communication. what i read this morning in my newspaper berries. i read very important to change everything. and in fact, the just of communication. moving on now, the global financial system has been shaken by the fall out from us base to silicon valley bank. now to office linds largest lenders credit suisse, and you'd be considering a merger that could be a catalyst for an overhaul of the global financial system. the shop drop in credit 3 shares this week, raise concerns across european financial markets. as major indices fell on contagion fears across the board, big banks were affected as well. with the banking states down by 13 percent this week, goldman sachs predicted financial institutions would remain under pressure until the comprehensive approach is adopted. yes, markets are dealing with the fallout as well, with banks being prompted with $100000000000.00 bay laws by the federal reserve and the treasure department, which are using all the tools of the disposal to mitigate the crisis. or recent studies suggested more than 180 us banks are in danger of collapse due to uninsured deposits. while the government's cash infusion has helps prevent the meltdown, the feds failure to disclose all the banks receiving the aid of calls, rooms to swell, and lead to some markets watches to express fears of a possible repeats of the 2008 financial crush will, amid those concerns artsy correspondents. caleb moore pin, examines the current upheaval in the u. s. banking industry. the u. s. financial system has been shaken up pretty badly with news of bank failures splashing across the headlines this week. this is the biggest failure since 2008. it's actually the 2nd biggest failure ever since washington mutual in september of 2008. meanwhile, signature bank march. the 3rd largest bank failure in u. s. history capital for, for it is now announcing their intent to a wind down their operations and voluntarily liquidate silver gate bank. this was a week of bank runs starting out with the collapse of silver gate bank followed by s v p, and signature banks caving in this cause lots of market turmoil. 3 banks went down one right after another and this caused panic among investors and depositors. the u . s. financial institutions saw their stocks plummeting. u. s. officials are trying to reassure the public that their deposits are safe, extra liquidity is being provided to banks in order to keep them afloat. joe biden woke up early monday morning to make a speech and give everyone a lesson on the laws of capitalism. depositors will have access to all of them on is starting monday. march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show banks have the ability to meet the needs are full, the depositors investors in the banks will not be protected knowingly took a risk. and when the risk didn't pay off, investors lose their money. that's how capitalism works. let me repeat that, no losses will be borne by tax payers. instead, the money will come from the fees, a banks pay and the deposit insurance funds. so how is all of this going to play out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount window. this allows the banks to borrow for up to 90 days. now typically the program only provides $4.00 to $5000000000.00. but last week, broke records. more money has been given out than ever in the history of the program . the numbers have already surpassed the 2008 crash. so now the fed is back to printing money, providing banks with additional liquidity. but the federal reserve is also continuing its fight against inflation. and this is going to make that much more complicated. it's a fragile balance between curbing the problem of inflation and propping up the financial systems. now the problem with this bank they had over $250000000000.00 on their balance sheet. so they actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? let's say if something happens. so what happens the us hike the interest rates as we've covered a lot on the program. and that obviously makes the debt that they're holding on their balance sheet, which was a lot of it within us government bonds was less. so this is a really key point. you talk about the interest rates are the key and critical point. yeah. yeah. so interest rates rocketed the, the debt that they have, they have lead to the u. s. government becomes less. right, so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now, once that happened, the bank did exactly what the guidelines say, i would say the ceo acts the same way that well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the block now will happen when he did that, that spooked a huge amount of people. he grabbed money in the bank companies mainly who then there was a what we'd call to run on the bank. so about $13000000000.00 which was withdrawn from the bank really. and at that point, the bank was totally broke, right? so then the regulates and the government have to step in and take over. europe is now feeling, the aftershocks credit suisse took a tumble. and these with central bank stepped in to give them a lifeline. the financial world is now holding its breath, waiting to see who is next. caleb martin, r t new york. reality. so this ready for bilateral economic corporation with surround enough follows the chinese broken agreements, restore diplomatic relations between saudi arabia and iran. how quickly in your mind do you think we're going to see saudi arabia making significant investments and vice versa? i would say very quickly or never and have been and would continue to be for hundreds of years. so i don't see any issues that would prevent notable additional relationship across investments successful? well, the turning points in the regions state of affairs was followed by a statement from saudi arabia that said, the country won't trade with those who impose a price cup or any other restrictions on commodities. if a price kept were to be imposed in saudi oil, experts will not sell oil to any country that imposes surprise kept on our supply will reduce old production and i would not be surprised if others do the same. the statement came as us lawmakers introduced a bill that would allow lawsuits to go ahead against oil companies, no peg plus countries. according to the saudi energy minister, the practice would damage the market and create unintended consequences. with the block. looking at ways to counter the proposed legislation. earlier, my colleague nikki, are and discussed the prospects for further corporation between iran and saudi arabia. the public guests. the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration and iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create division. definitely time has changed for iran is a different iraq today, maybe and target are more willing to understand the dynamics feel free on what's happening in the past decades of negotiation. now remember, there is one of the agreement that we're going to have 2 months period or basically seeing how she says iran coming to the deal. so it's going to, it's going to have too much of observation of what that right. it's going to come and what they are going to do. so definitely, iran is a neva, it's an untapped market. we expect they have 2 trillion dollars worth of goods and investment and infrastructure. and definitely are going to be, it's going to have a stake and iran need some of the neighboring countries contribute to contribute them back. and this is definitely aligned with vision 2030 as a lot of ground manufacture capabilities. they are very advanced and definitely they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's a couple of months ahead of us where we will what was was where kathy they have had in historically these, these, these, these periods of cooling off and then things worse. and again, but i think now the signal that the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean the was the saudi got involved in which had been stopped by the americans. we must say, of course them enough suit. fortunate a certain point. the war was costing a $1000000000.00 a week. the diplomatic deal. as we know, maybe i could buy a page and completely bypassing the us, which is always like to see the middle east as its own kind of spirit when it comes fit when it comes to influencing. that's if they can listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries in internal affairs and even instigated wars in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but a bane for the world. so my question to you is just how worried for you thing washington, it should be about such developments and rhetoric. what would the worry now really is the role that america plays? i completely agree with professor moroni, when he said the world has changed, he's too polite to spell it out in, in crude terms, but basically, america's not calling the shots. you know, we, commentators, such as myself, are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin now, of us leadership around the world. the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think lots of play for, i'm very exciting, completely unprecedented. i didn't ever think on be on a torture, talking about saudi arabian piece, the la la dale to restore diplomatic relations between a former rivals, did run and study or a could derail israel strategy in the middle east. the agreements broken by china, it's been as a counterbalance to the us and israel in the region. more details on this story and much more you head over to our website on dot com. israeli and palestinian officials are expected to meet in egypt in an effort to revive security. cooperation of the willingness of the 2 to negotiate comes after a recent uptake of violence in the westbank between palestinian residents and israeli settlers. art correspondence very phenomena has moved since late december when the new hard line israeli government took office. every aspect of israeli palestinian relations has seen a dramatic decay invest period. these really forces and suffer is killed at least a th palestinians, according to the palestine health ministry, including militant and civilians. that's more than one killing per day. policy and tax also increased in 2023 at least 13 israeli as have already been killed, including major terror attacks in east jerusalem. the dad is 2 years. i was, as barbara mentioned to us diplomat, 20 years ago during the 2nd intifada. and i'm concerned, as are my colleagues in the intelligence community, a lot of what we're seeing today has a very unhappy resemblance to some of those realities that we saw then to settlement expansion is skyrocketing around 700000 sets or is leaving more than 260 outposts all across the occupied west bank in violation of international law despite numerous and repeated warnings from israel's foreign allies. if promises they win more settlements to come. it has been long standing us policy under both republican and democratic administrations. that settlements are counter productive to the cause of peace. the vital ministration maintains this, his, this firm opposition to the sediment expansion. the security council reiterates that continuing is ready, settlement activities are dangerously empowering the viability of the 2 state solution. we urge the israeli government to reverse the recent decision to advance to construction of more than 7000 settlement building units across the occupied west bank until legalized settlement outposts the number of demolitions of palestinian property that israel considers illegal has already doubled in 2023 compared to the same period last year, the un reports these affected more than 11000 people. 400 of them were displaced. fears are that the worst is yet to come after israel's national security minister ordered to go on with it. bold doug's in of homes in occupied east jerusalem during ramadan, violating a years old agreement, the woods of the colonialist and racist minister inside escalation. we condemn the statements of the fascist bang, greer, whose inciting and walk in to say that the area on fire sundays gathering is a follow up of a summit held in jordan a couple of weeks ago. he israel and the palestinian authority then managed to reach some agreements that just hours after the meeting ended to his rally, brothers were killed in a terrorist attack in how ira and israel took all its commitments back there, shooting provoked a violin settlers attack on the palestinian villagers in the north, although wide west bank one palestinian men died. scores of cars and homes were torched in broad daylight pogroms. while the army stood idly by ah israel responded with intensified idea afraid in the north, more arrests and killings, as well as strong words. if they could, they would not us all, but they want to uproot us. i say that on say to strike them and deepen our roots and investigation was launched into the how what are rampaged, but those responsible have so far not being held to account, and no disciplinary measures were taken against the israeli military. critics say these bold ignorance by these rarely authorities may overshadow the sunday security meeting, as well as these really governments general line reason the palestinian the fairies . the outcome of this summit will effectually determine whether the upcoming jewish and moves the holidays will be a time to celebrate or to mourn. the democratic republic of congo is seeking immediate corporation with russia to combat terror threats in the country initial peace and stability. that's one of the messages coming out to the 2nd annual russia, africa international parliamentary conference that's taking place in moscow right now. our team, marina cost over takes us to the highest of the events so far. this is all about, of course, stren