How does the world fight back against it? look, you re asking me a very big question. i think what we have to recognize is there has to be a much more concerted effort to deprive putin of the money that is funding his war machine. i m glad we re now thinking about and i hope congress passes $33 billion in aid to ukraine. just keep in mind, we are sending ten times that amount. $330 billion to vladmir putin every year in terms of oil and natural gas revenues and coal revenues. there s still a long way to go in terms of really making him feel the pressure. i think with putin, the only thing he really understands is force. he has to suffer battlefield losses in the donbas. he has to feel like his revenues are declining, that he s getting
But it is not a sign of strength. it is a sign they are hurting because they have never done this before. and it tells you this is the weapon we should be thinking about more and more. we can get at russia s oil revenues, gas revenues, coal revenues, that is what flows directly to putin. stop taking all these yachts from russian billionaires. i don t care one way or the other where you take them. it has no affect on putin. putin doesn t depend on these people for power. they depend on him. we have the causal we have the causality. stop the money that is going directly to vladimir putin to fund his war machine. fareed zakaria. appreciate it, fareed. thanks. coming up next, new reporting on what went on behind the scenes in the prisoner swap that brought freedom for american trevor reed after more than two and a half years in russian captivity. and the cold war chill that s the backdrop. later also my conversation with the photographer who s captured some of the most
Weapon we should be thinking about more and more. it is gas revenue s and coal revenues. that s what s flowing to putin. stop take all these yachts from billionaires. it has no effect on putin. putin does not depend on these people for power. they depend on him. we have the casual where the casualty runs. stop the money going directly to putin where he funds his machines. fareed zakaria, thank you. what went on behind the scene in the prisoner swap that brought trevor reed home. later, my conversation with our photographer capturing images of the war ahead. the sleep number 360 smart bed is on sale now.
Of the day, they are not going to have the impact that people imagine because, remember, vladimir putin is making, if you think of it in russian oil and gas and coal revenues, he s making about $350 billion this year. that s up 30% from last year because the price because the war in ukraine has raised the price of oil. we re giving ukraine, just to put it in perspective, about $13 billion worth of support while we re giving $350 billion of oil revenues, oil, gas, and coal revenues to russia. what is going to change pauutin calculation is defeat on the battlefield. i think what is happening in eastern ukraine now is going to be the absolutely decisive force here, if the russian army, which is already battered and bruised in trying to take more of this territory is unable to do it, if it actually loses territory, loses some of the territory holds, then putin starts to
Their fossil fuel emissions. yeah, it s a huge challenge, i completely agree with you. but what i say to just those countries whose economies are closely linked to oil and gas, or coal revenues, even if they are blocking or delaying the process, clean energy transitions are getting. i mean, just look at the electric cars today. only two years ago, 2% of all the cars sold in the world were electric cars. and as of today, it is 5% globally. in china, 20%. in europe, 20% of all the cars are electric cars. and this would mean that we are going to see soon oil demand peak and slowly decline. those countries better prepare themselves for the next chapter of the energy world. otherwise, they may well be left behind and not ready for the next chapter