LIZ: YEAH, WE’VE GOT QUITE A
SELL-OFF HERE, DOW IS STILL DOWN
ABOUT 470 FOLLOWED BY RED ON THE
MAJOR INDICES, A 384-FOOT
SUPER YACHT WORTH $325 MILLION
IS FINALLY ARRIVED IN SAN DIEGO
BAY AFTER IT WAS SEIZED BY U.S.
JUSTICE DEPARTMENT OFFICIAL
S LAST MONTH.
THE MONSTROUS BOAT NOW FLIES THE
AMERICAN FLAG.
SOMEBODY HAS A GOOD SENSE OF
HUMOR.
IT HAD BEEN OPENED BY SANCTIONED
RUSSIAN
OLIGARCH SULAMAN KARAMOV UNTIL
THE DEPARTMENT OF JUSTICE TOOK
CONTROL IN AN EFFORT TO CUTOFF
ALL ASSETS AND ALLIES TO THE
KREMLIN’S ELITE.
THIS COMES AS THE TREASURY
DEPARTMENT ANNOUNCES THE U.S. IS
IMPOSING NEW SANCTIONS ON MORE
THAN 70 ENTITIES AND 29
INDIVIDUALS AFFILIATED WITH
PUTIN’S WAR MACHINE INCLUDING
RUSSIAN GOLD IMPORTS AND
MILITARY INTELLIGENCE UNITS.
PRESIDENT BIDEN MEETING WITH
NATO LEADERS IN MADRID, SPAIN,
OVER THE NEXT TWO DAYS TO
DISCUSS THE NEXT MOVES IN HALT
ING RUSSIA’S WAR ON UKRAINE.
THE PRESIDENT IS EXPECTED TO
ANNOUNCE U.S. FORCES WILL REMAIN
IN POLAND AND POSSIBLY MORE
TROOPS TO BE DEPLOYED TO THE
REGION SPECIFICALLY LITHUANIA,
LATVIA AND ESTONIA.
LET’S BRING IN KEITH KROCH, WHOM
CHINA SANCTIONED AFTER HE BECAME
THE HIGHEST RANKING U.S.
OFFICIAL IN 41 YEARS TO
VISIT TAIWAN.
A LOT TO TALK ABOUT HERE, KEITH,
BUT YES.
THE U.S. ANNOUNCED MORE
SANCTIONS TODAY, BUT YESTERDAY,
RUSSIA LAUNCHED MISSILES
DIRECTLY IN A MALL PACKED WITH A
THOUSAND UKRAINIANS, 20 PEOPLE
KILLED, WE DON’T EVEN KNOW IF
THERE ARE MORE DEAD ON THE
INSIDE THEY ARE TRYING TO
RESCUE PEOPLE.
IN YOUR VIEW, WE’RE NOW ENTERING
THE FIFTH MONTH OF THIS WAR.
ARE SANCTIONS WORKING AND IF NOT
, WHAT WOULD WORK?
>> WELL, THEY ARE DEFINITELY
HURTING THE RUSSIAN ECONOMY, LIZ
I DON’T THINK THEY ARE GOING TO
STOP PUTIN’S ATROCITIES AND HIS
WAR CRIMES HE’S COMMITTING.
IF HE STOPS HE PROBABLY REALIZES
THAT HE’S FINISHED, BUT WITH
THESE NEW SANCTIONS, THAT CAME
OUT TODAY ON THE INDUSTRIAL WAR
MACHINE, IT’S GOING TO TAKE A
LITTLE BIT OF TIME, BUT IT WILL
HAVE A DEVASTATING EFFECT IN THE
LONG RUN, SO, YOU KNOW, LIZ,
MAYBE WE CAN GET SOME OF THOSE
YACHTS THAT THEY ARE
SANCTIONING, YOU KNOW?
[LAUGHTER]
LIZ: PAY OFF OUR DEBT.
SELL SOME OF THOSE AND PAY OFF
THE NATION’S DEBT.
>> WHY NOT?
BUT LIZ, THESE SANCTIONS ARE
GOING TO REALLY GET THEM IN THE
LONG RUN BECAUSE THEY ARE
GOING TO RUN OUT OF ALL KINDS OF
SPARE PARTS.
ALL THOSE KIND OF THINGS, BUT I
DON’T THINK IT’S GOING TO STOP
PUTIN.
LIZ: ONE OF THE THINGS THAT THE
G-7 HAS DISCUSSED IS
PROHIBITING RUSSIAN GOLD IMPORTS
RUSSIA HAS RAISED BILLIONS SINCE
THE START OF THE WAR AS SORT OF
A WORK-AROUND AND THEY’VE DONE
SO BY EXPORTING THEIR GOLD.
HOW MUCH MIGHT THAT HURT THE
RUSSIANS?
>> IT’S GOING TO HURT THEM A
BIT BECAUSE THEY STOCKPILED THIS
GOLD OVER THE LAST FEW
YEARS.
PUTIN SAW THE SANCTIONS COMING,
SO HE STOCKPILED THAT.
SO THAT’S GOING TO HURT HIM.
IT’S NOT GOING TO BE DEVASTATING
YOU KNOW WHERE HE’S MAKING THE
MONEY STILL IS ON THE OIL.
THERE’S BEEN CERTAIN CAPS PLACED
ON THAT, BUT THE BEST THING THAT
WE COULD DO IS REDUCE THE PRICE
OF OIL.
THAT’S THE KEY.
THAT’S WHERE HE’S MAKING THE
MONEY, LIZ.
LIZ: YEAH, ABSOLUTELY, AND OIL
IS CLIMBING ONCE AGAIN TODAY.
IT DID HAVE A BRIEF REPRIEVE
LAST WEEK AND LET’S KEEP IN MIND
THAT THE PRICE THAT YOU SEE
RIGHT NOW, AND IF WE CAN
PUNCH UP THAT CHART HERE WE DO
HAVE CRUDE AT 111, JUST ABOUT 11
DAYS AGO HAD BEEN $128 A BARREL
LET’S HOPE IT DOESN’T TOUCH THAT
PART AGAIN, AT LEAST CERTAINLY
NOT FOR THE U.S. CONSUMER.
CHINA HAS DEFINITELY BEEN A
PARTY TO HELPING RUSSIA STAY
AFLOAT DURING THIS TIME, BY
CONTINUING THEIR TRADE
RELATIONSHIP WITH RUSSIA.
HOW DOES THE UNITED STATES AND
QUITE FRANKLY, G-7 AND EVERYBODY
ELSE, HOW DO THEY SEND A MESSAGE
TO CHINA OR AT LEAST SIPHON OFF
THE OXYGEN FLOW GOING BETWEEN
RUSSIA AND CHINA?
>> YEAH, I MEAN, I THINK IT’S
PROVEN THAT PUTIN AND XI ARE THE
TWINS, YOU KNOW, THESE GUYS
SIGNED THEIR LOVE AGREEMENT BACK
THERE FEBRUARY 5.
YOU KNOW WHAT’S GOING ON AT THE
NATO SUMMIT IS REALLY STRATEGIC,
BECAUSE FOR THE FIRST TIME,
CHINA RECOGNIZES THE ADVERSARY
AND IT’S IN THEIR WORKING
DOCUMENT, AND NATO IS DOING ALL
THE RIGHT THINGS.