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While russian oil and gas revenues reached $119 billion in 2021 according to russia s finance ministry today the leaders of germany and france spoke with china s president xi in february, the chinese leader stood shoulder to shoulder with president putin ahead of the olympics. today xi called for maximum restrain warning sanctions against russia will dampen the global economy. but despite the diplomatic tension, senior official calls for maintaining a constructive dialogue with the u.s. and international security lester keir simmons in moscow, thank you. the ukrainian war effort runs through the fabric of this country. from neighborhood volunteers setting up local defenses t businesses adapting to the needs of a nation fighting for its existence. ukrainians are fighting back any way they can while its army engages ....
Risk to the reputation of continuing business with russia. 0ne risk to the reputation of continuing business with russia. one of the most high profile moves, though, has been cutting off at least seven leading russian banks and the global financial system called swift. that is crucial for moving money around the world. one estimate cited by the british parliament suggests swift accounts for $800 billion worth of transactions every year in russia. it is unclear how much of that will be curtailed by the sanctions. and energy remains a controversial and politically sensitive issue. russia earns billions of dollars selling oil and gas to europe and the rest of the world. the uk and the us has already said it will stop buying oil from russia and that could hurt. russia earned $119 billion from selling fossil fuels and most of that comes from europe with germany the number one customer. russia s oil and gas sales have helped the ....
Russians. and a note, russia is cracking down on the media there, limiting what reporters can say under threat of imprisonment. our keir simmons is in moscow. reporter: just hours after president biden announced his ban on russian oil, president putin unveiling restrictions on imports and exports, to ensure the safety of the russian federation. it s not clear what goods or countries are targeted. before the u.s. announcement, the russian deputy prime minister saying, rejecting russian oil would lead to catastrophic consequences for the global market. and warning russia could cut gas supplies to europe. the european union did not join the u.s. ban, but did propose gaining independence from russian fossil fuels by 2030. european imports 45% of its gas from russia. and 25% of its oil. while russian oil and gas revenues reached $119 billion in 2021, according to russian s finance ministry. ....
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Bipartisan infrastructure plan and it has passed a critical vote with 17 republicans joining the democrats. senator mark warner, a democrat, joining us in five minutes with more on that. including $119 billion for roads and bridges and $66 billion for railways and $65 billion for broadband and $55 billion for water. it is a duty of government. and even faint praise by mitch mcconnell, the senate leader. but even still, it has to go through the house where they say it does not go enough, and the ....