ALSO WITH US EDWARD FISHMAN,
WHO SERVED AS RUSSIA SANCTIONS
LEAD TO AT THE STATE
DEPARTMENT.
RICK STENGEL, LET ME BEGIN WITH
YOU AND WHAT WE SAW TODAY AT
THAT SUMMIT WITH PRESIDENT
BIDEN AND THE CONTINUED AND
CONSISTENT UNITY OF NATO AND
EUROPEAN PARTNERS.
>> YES, LAWRENCE, CONTINUED AND
CONSISTENT, PRESIDENT BIDEN IS
KEEPING THE BAND TOGETHER.
BUT HE'S GOT TO PUSH IT
FORWARD.
HE'S GOT TO GET THINGS TO BE A
LITTLE MORE SERIOUS.
I HOPE THE MESSAGE FROM NATO
AND FROM PRESIDENT BIDEN TO
PRESIDENT PUTIN IS THIS, LOOK,
YOU CAN'T WIN THIS WAR.
WE ARE NOT GOING TO LET YOU WIN
THIS WAR.
SO YOU NEED TO SUE FOR PEACE.
YOU HAVE TO THINK ABOUT WHAT
YOU CAN DO TO SETTLE THINGS SO
THAT YOU CAN SEE SOME FACE IN
YOUR COUNTRY AND PRESERVE THE
INTEGRITY OF UKRAINE.
I HOPE THAT'S WHAT'S HAPPENING.
THE TOP HAS TO BE TOUGHER.
NATO AND THE U.S. HAVE TO BE
MORE AGGRESSIVE.
EVERY TIME WE SAY THAT WE WILL
DEFEND EVERY SQUARE INCH OF
NATO TERRITORY, PUTIN HERE IS,
WELL, I GUESS THE REST IS FOR
ME.
WE HAVE TO TELL, AM HE'S NOT
GOING TO WIN UKRAINE WE'RE NOT
GONNA LET YOU WIN IN UKRAINE
YOU HAVE TO FIGURE OUT A PEACE
DEAL.
>> EDWARD FISHMAN, WHAT DID WE
SEE THAT WAS NEW IN THE
SANCTIONS TODAY?
>> SURE, LAWRENCE, TODAY THE
SANCTIONS DID TIGHTEN THE
SCREWS ON RUSSIA'S ECONOMY.
WE HEARD THE HEADLINES ABOUT
THE 300 MEMBERS.
THE RUSSIAN DEFENSE COMPANIES.
BUT I THINK THE REAL MAJOR
ACTION TODAY WAS ACTUALLY TAKEN
BY THE UNITED KINGDOM.
THE UK SLAPPED SANCTIONS ON
SOME CLOUD, WHICH IS RUSSIA'S
LARGEST SHIPPING COMPANY AS
WELL AS GAS PROMPTED WHICH IS
RUSSIA'S --
RUSSIA'S OIL AND GAS.
BUT THE UK, IT STRUCK AT THE
HEART OF RUSSIA'S OIL SALES.
THIS IS AN AREA THAT THE U.S.
AND EUROPE HAVE NOT REALLY
TOUCHED THUS FAR.
YES, THE UNITED STATES HAS A
DOMESTIC OIL EMBARGO ON RUSSIA
BUT THAT'S A DROP IN THE
BUCKET.
OIL REMAINS THE LIFELINE OF
PUTIN'S ECONOMY PUTIN CONTINUES
TO MAKE BILLIONS OF DOLLARS
EVERY WEEK SELLING OIL.
AND I THINK TODAY WAS REALLY
THE FIRST STEP THAT WAS TAKEN
BY THE UNITED KINGDOM TO
ACTUALLY TELL PUTIN, NO NOT
EVEN YOUR OIL SALES ARE --
THE WEST IS GOING TO START
SANCTIONING RUSSIAN OIL SALES.
I SINCERELY HOPE THE BIDEN
ADMINISTRATION AND THE EUROPEAN
UNION JOINED THE UNITED KINGDOM
IN THE STRONG ACTION IN THE
DAYS AND WEEKS AHEAD.
>> RICK STENGEL, THE SANCTIONS
AGAIN EXPRESSED THE UNITY OF
THIS GROUP IN A WAY THAT WAS
NOT ANTICIPATED 30 DAYS AGO.
>> ONE OF THE THINGS ABOUT THE
SANCTIONS THAT THE WHITE HOUSE
IS TALKING ABOUT IS, THEY ARE
GOING BY SECTOR.
ONE OF THE THINGS THAT THEY DID
TODAY WAS THEY WERE SECTORAL
SANCTIONS AGAINST DEFENSE
MANUFACTURERS IN RUSSIA.
THE SANCTIONS ARE GOING TO BE
COMPREHENSIVE AND WILL KIND OF
TIGHTEN THE NEWS AROUND PUTIN
SO HE CAN'T OPERATE.
BUT, THE OTHER THING IS, IN
TERMS OF WHAT I WAS SAYING A
LITTLE WHILE AGO ABOUT BEING
AGGRESSIVE.
IT WILL EVENTUALLY BE BARE.
I WOULD LOVE, I AGREE EDWARD,
WE SHOULD CUT OFF OIL SHIPMENTS
FROM RUSSIA TO EUROPE.
IT DOESN'T MATTER OIL SHIPMENTS
TO AMERICA.
ONLY 4% OF OUR OIL AND GAS
COMES FROM RUSSIA.
BUT IN THE EUROPEAN UNION, IT'S
SOMETHING THAT IS MORE
SIGNIFICANT.
WE HAVE TO GET TOUGHER ABOUT
THAT.
WE NEED TO REALLY EMPTIED THE
COVER AND REALLY GET PUTIN TO
SAY, LOOK, IF YOU CONTINUE THIS,
YOUR COUNTRY WILL BE ABSOLUTELY
DEVASTATED.
>> EDWARD FISHMAN, AND THE
SANCTIONS REGIMES THAT WE HAVE
APPLIED NOW AND IN THE PAST, IS
THERE A SENSE AMONG YOU PEOPLE
WHO HAVE OPERATED THE SANCTIONS
THAT THERE IS A TARGETED
PRESSURE THAT CAN INDIVIDUALLY
BE BROUGHT TO VLADIMIR PUTIN,
AS LONG AS YOU SANCTION THE
CORRECT INDIVIDUALS?
>> LAWRENCE, I THINK THAT AT
THIS POINT, WE ARE REALLY
TRYING TO GO AFTER PUTIN WITH
ALL VECTORS OF ATTACK.
SO ONE OF THOSE, AS YOU'VE
DISCUSSED IN THE PAST, IS THE
OLIGARCHS.
CERTAINLY THE VERY WEALTHY
RUSSIANS, IS INCLUDING THE
SYLVIE KEY, THE SENIOR KREMLIN
OFFICIALS SINCE PUTIN HAS KNOWN
IN ST. PETERSBURG.
BUT I THINK ANOTHER EVEN MORE
IMPORTANT VECTOR OF INFLUENCES
THE RUSSIAN ECONOMY AS A WHOLE.
REMEMBER, LAWRENCE, PUTIN
TREATS THE ENTIRE RUSSIAN
ECONOMY AS HIS PERSONAL PIGGY
BANK.
SO EVERY SINGLE BILLION DOLLAR
THAT IS MADE FROM RUSSIAN OIL,
THAT IS GOING TO VLADIMIR
PUTIN.
THAT IS STRENGTHENING PUTIN'S
REGIME, IS STRENGTHENING
PUTIN'S MILITARY MACHINE.
SO I THINK THAT, FIRST AND
FOREMOST, THE PURPOSE OF THE
SANCTIONS AS TO APPLY THIS
POLITICAL PRESSURE TO PUTIN AND
TO TRY TO SUE FOR PEACE, AS
RICK PUT.
IT BUT I THINK IT'S A SECONDARY
PURPOSE.
EVEN IN PUTIN'S CALCULUS CAN'T
BE CHANGED, EVEN IF HE'S
UNHINGED, AND IS DETERMINED TO
CONTINUE THIS WAR, SANCTIONS
WILL DEGRADE RUSSIA'S CAPACITY
TO DO HARM.
THEY WILL DEGRADE RUSSIA'S
MILITARY MACHINE AND
TECHNOLOGICAL APPARATUS, SO
THAT ITS MILITARY MACHINE, THE