and then of course, got to deal with the fact that the gen radical situation of the other states is fundamental of and iowa, that is the size of the continent. ah ah, us secretary of state entity blinking visits a niger to boost us influence in africa. that as a retrain uses walking sort of in heating piece in this a hell region. australian plan to buy 5 nuclear powered submarine from the us and develop more in the future draws criticism from china, mid concerns. the deal puts non proliferation agreement with russia agreed to extend the black sea brain deal, which was set to expire the saturday port in mitchell 60 days. but does the west must hold up? it's part of the agreement and allow the export of russian brain and fertilizer and

multiple us banks, the sharp falls in their stock american bank to lapse over the weekend. that's as president biden price to study the vote. assuring americans, their money is a good afternoon for mark international studios in moscow. and welcome to the hour's top stories coming to you across the globe. i'm here realized about we begin with the latest from the ukraine conflict. russia's wagner group has reportedly taken control over the northern part of the industrial zone of a song in the city about almost also known as bach moot. on verified footage circulating on line apparently confirms russian control over the vol stock. much plant were president the lensky commended ukrainian soldiers for defending the city . back in december. the stronghold city has been the focus of intense battles. for

months now to africa were us secretary of state anthony blanket is set to visit ethiopia niger as a bite and administration hopes to strengthen its influence on the continent. earlier the president of every tray are accused washington of taking on constructive approach to the conflict in t grey hindering a peaceful resolution. r t correspondent, corolla taught law, discusses the context of lincoln's visit to africa. the americans, the fame that they're looking at this route in their relationship with, if you're in a different way. and that's what they're hoping to establish a re fashion, to re imagined relationship with, if you are considering if size and influence here small from molly fee. what we're looking to do is re fashion our engagement with ya. we would like to be able to have a partnership that's commensurate with their size and influence,

and with our interests and commitment to africa. this is also part of the dynamics . when you look at the 2 year war that happened in the northern te gray region, this war was that was fuel, if you will buy a peace deal upon the outlet, the prime minister of ethiopia shaking hands with mister wakey, who is the president of at a tree, just north of yogi. and it was that p deal that really unsettled the great leadership as it were. and it was the start of much imaginations that led out timidly to conflict, which is said to have displaced nearly half a 1000000 people and killed hundreds of 1000 small but less of weight. he has his own views with regards to why the americans are involved. and he says that

he blames washington for what he calls being and constructive at a time when it was much easier to have reached a peaceful solution. here's more from president as of what the crucial question is, why this war was launched in the 1st place at a time when a peace agreement was signed. in our view, this was not really a t gray people's liberation, france agenda, but essentially the agenda of washington. the sad fact is perturbed and anxious as they were, by the advance of peace between eritrea and s. t o. p. impeding and scuttling it became the duct obsession. but mister, blinking moved from if you'll move towards the new year. and that is a very interesting country and that it is right in the middle of the hell. and the hell has been a hot bed of conflicts over recent years, some 20 years, in fact, of islamic insurgency and just general extremism that we've seen

from various groups who have interest in who controls the area. now it's important to, to acknowledge here that the americans are hoping to reach a relationship with a country on the hill, even though they've had a 20 year participation as part of a global force. and as the american forces on its own. but they have been unable to bring about the fed piece. now the real question is, why would they be successful now? and australian plan to buy multiple nuclear powered submarines from the us has drawn sharp criticism from china. beijing slammed the deal as the stabilizing for the region, also raising concerns the deal jeopardize as nuclear nonproliferation agreement. the comprehensive and frank conversation has once again confirmed that while the commercial exported ukrainian products is carried out at a steady pace,

bringing considerable profits to kiev restrictions on the russian agricultural exports as the stunning place. how far the stones were, we determined upon tangible progress on the normalization of our agricultural exports, not in woods, but in deeds. so this deal is supposed to allow grain from both russia and ukraine to get out of the conflict zone and over to countries in need, notably in africa and asia. but russian foreign minister, sir, gala rav explain just a few days ago. and you might be shocked to learn this, that only half of that bargain has been upheld and that's the half that covers ukraine shipments. you do it the, the 1st part of the green deal package is the safe export of ukrainian. great. and from the ports of ukraine via the black sea. and the 2nd is the need to remove all obstacles to the export of russian grain and fertilizers. the 1st part is being executed, but the 2nd part is not executed at all this. in fact, sanctions prohibit russian ships carrying green and fertilizers from entering

relevant ports as well as prohibiting foreign vessels from entering rushing ports to pick up these cargoes. also, sanctions prohibit our russian agricultural bank from using the swift system. if we're talking about a deal that it is a package deal, and if the packages half completed, then the issue of renewal becomes quite complicated. so level again, evoke the double standard earlier this month that the g, 20 foreign ministers meeting in new delhi pointing out that quote, russian agricultural exports of being blatantly hindered. no matter how much the europeans and americans who are used to telling lies, try to convince everyone otherwise, it turns out that the western sanctions are blocking the ships carrying, rushing grains and fertilizer used to grow food from going to russia to pick up that cargo and also from entering the ports of delivery. so just how much you preening your ane is getting to the countries that actually need a most well left to leave. beginning about 15 percent of the total export volume, which works out to about one percent each. that's according to the latest data from

the black sea green initiative joint coordination center. the top 3 destinations for the grain are china, spain and turkey, representing 46 percent of all exports, involving hundreds of shipments. china, of course, axes, the gateway to asia and turkey. the gateway to africa, but what's the deal with spain? spain domestically produces more than enough of the grain that it needs to feed its own people and europeans with people's grain. these accounting for just a quarter of all the countries domestic consumption, the rest of that grain that the country produces goes to feed its livestock, notably, pigs. spain is routinely ranked as one of the top, if not the top port, producing country in the entire world. so that's great news for spain and europe. pork industry to get ukrainian britain, but it's not exactly how this whole deal was sold to the world as an absolute necessity. it's kind of like starting up

a food bank and demanding donations and all this food. and then going home and shoving in your fridge, it smells like a turtle bait and switch. russia agree to the deal because there was so much hanging over the people's starving if they didn't. and now the data suggests that a huge chunk of ukrainian food is just being sold to europe to fatten it's livestock, and also it's coffers. australia plans to buy multiple nuclear powered submarines from the u. s. has drawn sharp criticism from china. beijing slammed the deal as the stabilizing for the region, also raising concerns the deal jeopardize. there's nuclear non proliferation agreements. the nuclear submarine corporation plan released today by all course, is a blatant act that constitutes serious nuclear proliferation risks. undermines and national known proliferation system fuels arms races and heard speech and stability in the region. the u. s. president

u. k prime minister and australian p. m announced plans to develop a new generation of subs that will be built in the u. k. and australia with us technology and support the new subs or field by weapons, great, highly enriched uranium in could enter service in the late 20 thirty's or early 2000 and forty's. the australian foreign minister, though, has asserted that the vessels won't be nuclear arms, so won't violate the countries anti proliferation commitments. that is the u. s. as praise the controversial new deal calling in a prospect of peace. stand that inflection pointed history, where the hard work of financing deter and promoting stability is going to affect the prospect piece for decades to come. united states can ask for no better partners to the endo pacific were show march of our shared future will be written august as an enhanced security partnership between australia, the u. k. and the u. s. which the countries claim secure stability in the indo

pacific region. international and independent china specialists, sandra long says the august nuclear sub deal undermines feet in the region and pushes other countries towards nuclear development. why louis lockey. ready so as far as the united states, oh cuz there is concern, obviously because it is a nuclear, propelled it lot. nuclear ensemble reads a slightly to send a signal to other countries as though to say and obviously as the m, china's foreign ministry as statement says, it is going to erode and the kind of lawn deal, korea corporate operation deal and, and then it was also send signals to other countries to nuclear themselves and to would break the, the whole global effort to the new carly's obviously this law peaceful on all of his we initiative because it is a marines even don't lot. ready nuclear armed,

it is a nuclear compel using bowl military purposes. these are submarines. these are not motion 6. so obviously that the use of nuclear power and all of propel systems for military means. of course it is a violation of the nonproliferation treaty. it goes out, the next step is that you can use nuclear energy also. so things for military purposes. a recent report by the saw comb, international peace research institute on the international arms trade shows, china accounted for 5.2 percent of total will will arms exports in 20182022. while the u. s. had 40 percent of the market share. ah, we will speak now to marco fernandez, research her with the try. continental institute for social research and co editor of don chang, news o walker, military supplies to ukraine,

have made the u. s. and e, you feel the economic strain with increasing this content in europe over government policy on how are the ukraine conflict is developing? how do you see this mood developing and what consequences could it have for western germany? well, hello for a lot. thanks for having me. here, so i think 1st of all, i mean the mood, especially in the global south, is getting worse by the hour. you saw that recently present. i'm calling from frank said he was shocked about how much the west is losing track right. ability in the global south, but then even the president comes a few weeks later and do that. absolutely. eva with the president, the r c, which was precisely arrogantly in front of the cameras. so i think this is also expression of the hubris of the west at this point of course led by united states.

so i don't think most of the countries in the global south right now. i mean, they are not looking to us or europe as a, as a trustable partner for, for the next years. you mentioned us changing relationship, but also russia has proven resistant to western sanctions. last year, the countries g d p only shrunk by 2.2 percent, and it's actually predicted to grow the here. how do you explain this economic durability in spite of the sanctions? well, this is basically because russia is huge, a producer of manufacturing also of food fertilizers and of course energy. so, i mean u. s. is, is already used to devastate countries of sanctions, like they're doing with cuba for 6 years with men as well, with iran and many other countries in africa. but this countries had economies,

they are not so strong or are not so diversified with strategic resources as russia . so of course, this tactic of, i mean, and by the way, russia has, i mean, no other nation history had so many sanctions from us and europe as russia has now . but of course, having this huge economic base, any strategic resources for the whole world. of course, you cannot crush a country with the sanctions. right? so russia has a lot more going for it than say, some countries in the global south. but despite the unprecedented amount of thanks is that's been put on russia and the political pressure coming from the west. many countries, specifically china and india, among them, are willing to continue trading with moscow. what's behind their decision? well, i think 1st of all, of course, there is a economy, pragmatic reason. i mean, countries need natural resources. take the case of india,

for instance. india now is the largest buyer of, of russian oil and china increase. also like walk the purchase of oil gas and other resources, but i don't think it's only economic pragmatic reason. of course, i think there's also political reasons because more and more countries like india who by the way, used to be very closely united states in the, in the last decades i would say. but of course being also very close to russia. but countries like india, like china, like in brazil, south africa. i mean, they are part of bricks together. and russia is also part of our shanghai corporation organization. and many other important countries of the region as pakistan as you run now is coming. even turkey, natal member, and how is already mentioned that wants to also to join shy corporation

organizations. so i think there is a big awareness growing awareness in the countries of the global south that we need to reinforce and organize even better. there's regional platforms, but also global back from the global. so because this is the only way to deal with the west, and especially us with is increasing aggressiveness against so many countries. and of all right. seems like what you're mentioning is this emerging multi polarity and works countries are in the process of developing alternatives to the dominance of the us dollar in global markets. what changes do you think could occur in the international economy with this? the dollar is ation. well, 1st of all is good to mention that right now the bricks, countries they are studying a mechanism to implement make is that could bypass the dollars as what the russians

are called. first, the are 5 project because the 5 choruses of the bricks. countries starts with ours, so that's interesting, coincidence. but gets into your point. i think of course, we know that the dollar is that the real mass weapon of mass destruction beyond of course, the nuclear bombs, that u. s. has the power also to talk economies around the world simply for instance, excluding countries from from slit that they did with so many countries, including russia. also blocking the access of dollars had, as they do with venezuela and cuba, for instance, and even african descent or even worse, they could just heal the international reserves of the countries like they did with russia, more than $200000000000.00 as everybody knows. but also did with african, it's done also with venezuela. so this gives a dollar gives us

a huge power. but also you have to remember when countries run out of the dollar, they had to go talk to i, m f and bad to i may have to have more dollars, but i am f comes again with some of the package of measures. most derrick measures that also devastate states and the whole nation. so there's lots of different ways, different tools that us have through the dollar to bully other countries. so that's why so many countries right now also are starting to create alternatives. i mean, china, of course, is the leading force on that, but many other countries are already doing directly and some of the regional banks as brakes or even brazil and argentina in south america right now, they already created mechanism to bypass the dark. this is a trend, of course,

dollar will be still had your money currency for many years, but we need to create a trenches, and this is what the countries are doing. it's clear changes are ahead. marco fernandez, researcher with a tri continental institute for social research and co editor of don sion news. thank you. thank you. ah shares and several regional u. s. banks closed sharply lower on monday with some even putting trading on. 7 pause after stalks hit record lows. this comes in the wake of the collapse of the silicon valley bank as fears of a domino effect spread. even larger banks have seen their shares go down, including city bank and bank of america. the stock crashes occurred as president biden sought to reassure americans that their money is safe, although he refused to engage with journalists after delivering his statement. all customers who had deposited these banks can rest assured, i am rest assured they'll be protected and they'll have access to their money. as

of today, that includes small businesses across the country, the bank there, and need to make payroll pay their bills and stay open for business. no losses of and i'm on this is important point, no losses will be borne by the taxpayers. and we repeat that no losses will be borne by the taxpayers. mister president, what do you know right now about why this happened? and can you shermer that there won't be a ripple effect? you should all the positives be rejected at all based on his own president biden's address to ease of fall out from s. v bees. collab seems to have had little effect not only within the u. s, but also across the pond. on monday, european stocks fell as the sell off in bank stocks, which began on thursday continued with stocks falling to year record lows. the dive comes despite news that the hsbc had agreed to buy the british arm of silicon

valley. bank asian markets have also seen volatility following instability in the us. my colleague, lori sushi spoke with archie contributor chris ems who took us through the us banking crisis and what it could mean for the global economy. silicon valley bank, i don't think anyone really heard of it outside of the tech industry until friday. really with this news break. lot of people just to explain the views at home. most of us know how banks work, but some people are a bit unsure. so what happens is when you deposit money with your bank, your bank uses your money lend throughout the customer. i'm not to be big institutions, companies or just people like you and i that may want to buy a home and get a mortgage. and now the problem with this bank is they had over $250000000000.00 on their balance sheet. so they'd actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? let's say if something happens, what happens the u. s. high 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 was in 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 as those interest rates rocketed that the debt that they have, they have lent 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 bid exactly what the guidelines say. i would say the ceo acts the same way . he said, 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. a lot of money in the bank companies, mainly who then there was a what, what we could 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. now what i find really interesting glory is that they portrayed the, the leadership team as the bank as irresponsible. we had all this talk just before the weekend and over the weekend. they will be responsive, they will be now i've worked for a number of

a regulated financial businesses. i wouldn't say my next, but i'm not just you know, disclaimer, i'm not a finance lawyer, but i would say i don't see anything within the guidelines that they did that was fiscal year. also, i would say the fiscal responsibility lies with the regulator and ultimately with the us. government. ha, well ok. so you bring it to the u. s. government, let's bring it further into washington d. c. here, joe biden has come up with a statement, addressing the public essentially saying nothing to see here, move along, your money is safe but, but then, you know, when people, when often questions, i mean the guy legged it out the back door just now. i mean, is it possible to bite and in some way is trying to avoid what could be a dire truth or i don't get any answers for it. i don't think anyone really knows what's going on. i'm really big suspended stocks on a lot of small cap banks. i mean be behind 250000000000 sounds like a lot of money. and of course it is a huge amount of money. but for us institutions is actually quite a small top 50 balance where they have so many banks. so really, i think they just,

they just don't really have a clue what's going on. we thought the bar print to give money, the high inflation rate without anyone, seemingly understand what the consequences all receiving that. but you talk about the consequences. donald trump has put out this statement here and met it where the consequences or not. let's have a quick listen to what you, what the president had to say with what is happening to our economy and with the proposals being made on the largest and dumbest tax increase in the history of the usa times 5, joe biden will go down as the herbert hoover, of the modern age, we will have a great depression far bigger and more powerful than that of 1929. as proof, the banks are already starting to collapse. you know, chris, some people like to say in the certainly, i think i'm one of them, frankly, that, that you know, the global banking system. it is so heavily intertwined. i mean, the tentacles reach far and wide around the world. and that does seem to be a legitimate concern about knock on effect from this. and do you see a risk of a knock on effect? yeah, i think ro,

yoga tentacles is absolutely apt in this case. i mean, let's look at the us, right. the dow always opens quite light compared to other western markets. the foot see in london opened before, and we saw just really a lot of not really i'm not a very comfortable situation for an u. k. companies. western companies that have their hops in london and, and then you saw that debt. now i think we'll, we'll see now is just before the close of that we're recover. that's an awful nightmare for a trade in london is basic at the behest of whatever the u. s are going to do lights run in the day, right. and we see that across everything frankfurt, we can look at any other market. it and it just shows that, you know, our point that we're always making is that the u. s. is dictating financial policy of every other country within their sphere of interest. they don't allow them that much freedom and everyone is sort of on tensors waiting for was this fumbling man in his eighty's is about to say we does just crazy. the international olympic committee has brushed off london's attempts to pressure the sports body into

banning russian and bell origin athletes from next year, summer games and paris saying, giving into such demands would have a detrimental impact on sports. it is not up to governments to decide which athletes can participate in which international competitions. this would be the end, a world sport as we know it today. we hope very much that the british government will respect deal told me of sport, which it has emphasized in so many decisions, statements and un resolutions falling the conflict in ukraine, the committee band athletes from russia and bella rues from competing and events back in february, a group of more than 30 countries, mostly western states, urgency i o. c not to ease the ban on athletes. the sports bodies response comes after the u. k. minister for sport wrote to the olympics, biggest sponsors also asking them to pressure the olympic committee. we know that sports and politics in russia and bill iris are closely connected and we are

determined to prevent the russian and bill russian authorities from use in sports for propaganda purposes. sports columnist alan morse, as the you case, efforts to maintain the bad on russia and bellows from sporting events is an attempt to impose its own rules on the olympics. this is very here is say, that, look, whatever you think of it is at home that stays home until it is only a russia are extremely useful with the boy and girl for the world at the moment on special orders. or you can see the key because in any case, snap is just sort of a piece. so it does make a difference to them. does do their best ever is very useful to have to keep route . don't ever bomb countries, just restart or older boys would have how the country is not there

a ball and see for example supplying arms. no arms pretty much longer citizens in north america will not get into a part as well. so basically it's a math and that's are up for this hour for the latest breaking news and updates head over to r t dot com. and be sure to follow up on all social media platforms from our content. thanks for tuning and we'll see you back at the top of the hour with with mm

gone welcome to wells fargo. americans have many sound gratifying metaphors of why they and only they are supposed to be at the top of the international pecking order . that was leading democracy shining plead on a heel and ben, hello, german all to support the idea that in the final analysis, they have an inborn august. if to know and decide what's best for the rest and as order and peace reserving, positioning wishes to appear isn't a bound to lead to conflict. want to discuss that i'm now joined from canada by victor tucker, who teaches at concordia university of edmonton experience. great to talk to thank you very much for your time. thank you for the invitation. x on a pleasure to be in this program. next year you have a very interesting take on the curve.