WEBVTT 00:00:00.000 --> 00:00:04.700 Roman most recently Switzerland, a country that is typically 00:00:04.700 --> 00:00:10.400 neutral adopted the sanctions on Russia that were imposed 00:00:10.400 --> 00:00:11.800 by the European Union. 00:00:11.800 --> 00:00:17.200 The US of course in some of its allies imposing sanctions 00:00:17.200 --> 00:00:19.100 over the course of the past few days, 00:00:19.100 --> 00:00:22.200 give us an idea of how it's spective. 00:00:22.200 --> 00:00:25.100 This kind of economic punishment is 00:00:26.200 --> 00:00:30.700 Well, as the first round, now, it's about 25 days ago, 00:00:30.700 --> 00:00:31.600 didn't seem terribly. 00:00:31.600 --> 00:00:37.100 If I can even the Russian Stock Exchange in the back to bounce, 00:00:37.100 --> 00:00:40.400 back after they were now, but the latest round, 00:00:40.400 --> 00:00:46.400 which includes freezing Central Bank Reserves, that was actually 00:00:46.400 --> 00:00:49.300 an unexpected additional measure that was taken. 00:00:49.300 --> 00:00:54.700 Well, the Russian Stock Exchange, didn't open it all on Monday. 00:00:54.700 --> 00:00:58.600 That's the amount of shock it generated. 00:00:58.600 --> 00:01:02.400 Plus the ruble tanked losing over. 00:01:02.400 --> 00:01:03.300 50% of its value. 00:01:03.300 --> 00:01:09.200 So these are the kind of killer sanctions that were discussed 00:01:09.200 --> 00:01:15.200 and they are already having a significant impact on the fact 00:01:15.200 --> 00:01:17.200 that neutral countries like Switzerland. 00:01:17.200 --> 00:01:21.000 Like Finn look like Austria are all. 00:01:21.000 --> 00:01:24.200 So imposing them just shows how the revulsion against 00:01:26.100 --> 00:01:32.300 Give us an idea when you look back in history, 00:01:32.300 --> 00:01:38.600 how powerful of a national security tool are sanctions 00:01:38.600 --> 00:01:44.100 if they been used and they been used against that you're on. 00:01:45.400 --> 00:01:49.500 They've been used against North Korea. 00:01:50.600 --> 00:01:54.700 They've never been used against a country as both physically 00:01:54.700 --> 00:01:58.600 and relatively do not really big as Russia. 00:01:58.600 --> 00:02:03.600 Now, they're having stomach sections made one being bad Energy 00:02:03.600 --> 00:02:07.500 payments going to still be processed because I think there's 00:02:07.500 --> 00:02:12.300 a general desire to not generate a spike in prices partly 00:02:12.300 --> 00:02:16.400 because we were thinking about consumers u s e u you account 00:02:16.400 --> 00:02:21.500 it up but also because it would in directly generate more profits 00:02:21.500 --> 00:02:22.900 for Russia and poop. 00:02:22.900 --> 00:02:28.100 So I think that's an exception this actually wise 00:02:29.000 --> 00:02:33.200 You had to touch tan of some of the, 00:02:33.200 --> 00:02:38.000 the impacts that we have seen because of these are sanctions, 00:02:38.000 --> 00:02:40.400 with respect to the ruble, going down, 00:02:40.400 --> 00:02:41.600 and interest rates going up. 00:02:41.600 --> 00:02:49.000 How much of a deterrent do you think this is from your Vantage 00:02:49.000 --> 00:02:52.300 Point with respect to the the Russian president? I 00:02:52.300 --> 00:02:54.400 guess escalating this war in Ukraine. 00:02:56.000 --> 00:03:00.300 It would be a significance to turn to a person in a normal 00:03:00.300 --> 00:03:01.400 frame of mind. 00:03:01.400 --> 00:03:07.100 Sadly. I think President Putin is no longer there in the Grapevine 00:03:07.100 --> 00:03:10.000 that they were attempted. 00:03:10.000 --> 00:03:12.400 Peace talks today, right? 00:03:12.400 --> 00:03:15.900 After they ended a ballistic missile landed, 00:03:15.900 --> 00:03:17.400 Just Dance Ikea. 00:03:17.400 --> 00:03:25.100 So I don't see any diminution in the level of violence. 00:03:25.100 --> 00:03:28.200 That Putin is directing here and I think he's living in his own 00:03:28.200 --> 00:03:33.000 mind, the Russian delegation to the talks that we come with 00:03:33.000 --> 00:03:34.600 our preconditions of the same time. 00:03:34.600 --> 00:03:38.300 President Putin said to president macron of France. 00:03:38.300 --> 00:03:40.500 You are my recondition. 00:03:41.500 --> 00:03:48.700 So he's letting I don't have and it's not a nice place to be 00:03:48.700 --> 00:03:55.300 in your thoughts on the lack of involvement by a NATO and NATO 00:03:55.300 --> 00:03:55.800 countries. 00:03:57.900 --> 00:04:03.200 Is understandable, given the kinds of threats that President 00:04:03.200 --> 00:04:09.500 Putin has been puttering about implied nuclear responses 00:04:09.500 --> 00:04:10.800 to direct involvement. 00:04:13.500 --> 00:04:18.500 I still think that there is there could be scope for anti-missile 00:04:18.500 --> 00:04:21.600 involvement, which doesn't involve direct combat between 00:04:21.600 --> 00:04:23.400 people from the two sides. 00:04:23.400 --> 00:04:34.600 But this is a prudent choice and it's one that was telegraphed 00:04:34.600 --> 00:04:35.500 by NATO way. 00:04:35.500 --> 00:04:39.500 In advance. What we what we are seeing though is in direct 00:04:39.500 --> 00:04:42.500 engagement by the European Union for the first time in its history 00:04:42.500 --> 00:04:48.100 is buying and transferring fighter aircraft to Ukraine. 00:04:49.000 --> 00:04:54.400 So be it made originally, but referee model state of standard 00:04:54.400 --> 00:04:57.400 which the ukrainians were getting either last night or today. 00:04:57.400 --> 00:05:02.800 The agreement of Western governments to allow people to join 00:05:02.800 --> 00:05:04.500 Ukraine's, new, international Legion. 00:05:04.500 --> 00:05:09.400 These are always without becoming directly militarily 00:05:09.400 --> 00:05:13.100 involved that NATO countries are now leaning way further 00:05:13.100 --> 00:05:19.400 ahead than they used to, with the respect to Canada's response 00:05:19.400 --> 00:05:20.300 to the war in Ukraine. 00:05:20.300 --> 00:05:26.900 We've seen Canada, send lethal and non-lethal military aid, 00:05:26.900 --> 00:05:32.400 monetary Aid in post sanctions 10, Canada, 00:05:32.400 --> 00:05:33.500 do more. 00:05:34.000 --> 00:05:40.800 Well, I can do take the lead on financial support for Ukraine 00:05:40.800 --> 00:05:43.600 is 620 million Canadian in loan. 00:05:43.600 --> 00:05:48.500 And also in organizing this freeze of Central Bank Reserves 00:05:48.500 --> 00:05:52.300 writing Finance. Minister Freeland played a key role in putting 00:05:52.300 --> 00:05:53.200 together that Coalition. 00:05:53.200 --> 00:05:56.100 What more can we do? 00:05:58.200 --> 00:06:02.000 I think they're doing more on humanitarian. 00:06:02.000 --> 00:06:04.900 We are already from what I understand. 00:06:04.900 --> 00:06:08.700 So they providing more weapons to Ukraine. 00:06:08.700 --> 00:06:12.600 Will have to see what you need, 00:06:12.600 --> 00:06:15.900 emergency. This is a situation where the daily new things 00:06:15.900 --> 00:06:22.000 around pressures on the military front. 00:06:22.000 --> 00:06:31.200 The Diplomatic cyber humanitarian efforts Financial. 00:06:31.200 --> 00:06:37.100 How do all of these elements play out when it comes to Global 00:06:37.100 --> 00:06:40.900 Security and the alliances that you see forming? 00:06:41.700 --> 00:06:43.600 President Putin in 2014. 00:06:43.600 --> 00:06:46.400 Largely United, Ukraine against him. 00:06:46.400 --> 00:06:53.700 What he's doing now, is he created a sort of geostrategic 00:06:53.700 --> 00:06:57.200 during the European Union? 00:06:57.200 --> 00:07:01.800 Everyone would complain that, it reacts very slowly clunky. 00:07:01.800 --> 00:07:07.000 They've been acting lightning speed over the last four days. 00:07:07.000 --> 00:07:14.500 There's been a complete 180 degree change in German foreign 00:07:14.500 --> 00:07:16.800 and security policies of the Russia and Ukraine. 00:07:16.800 --> 00:07:23.700 So, Frank is now very much engaged in the European pillar 00:07:23.700 --> 00:07:28.200 of NATO at present macro used to talk about NATO as being brain 00:07:28.200 --> 00:07:33.100 dead. Now Francis saying we're not going to be frightened 00:07:33.100 --> 00:07:35.700 or child, buy food with chocolate nuclear weapons because 00:07:35.700 --> 00:07:40.200 we have our Force the top and we're a nuclear power to sew. 00:07:41.600 --> 00:07:46.700 Huge changes in the European gyro Atlanta extreme landscape. 00:07:46.700 --> 00:07:50.800 Very bad news for you, praying, in terms of daily losses. 00:07:50.800 --> 00:07:53.600 The country is doing better. 00:07:53.600 --> 00:07:59.900 Anyway, in terms of fighting back, the Russian Onslaught 00:07:59.900 --> 00:08:05.500 earning a lot of credit abroad but also a consolidation 00:08:05.500 --> 00:08:09.200 of its neighbors and the European continent generally on security issues. 00:08:09.200 --> 00:08:13.100 Before we let you go. 00:08:13.100 --> 00:08:17.800 I understand that the Ukrainian president has signed an application 00:08:17.800 --> 00:08:19.800 for Ukraine to join the European Union, 00:08:19.800 --> 00:08:24.800 give us an idea of how long this process could take and whether 00:08:24.800 --> 00:08:29.700 or not, there's any support that could come with it now. 00:08:30.800 --> 00:08:36.700 Well president doodle toilet where I'm talking to you from yesterday. 00:08:36.700 --> 00:08:40.500 Said he favors an express pass to membership for Ukraine 00:08:40.500 --> 00:08:45.500 a few other central eastern. 00:08:45.500 --> 00:08:49.600 European leaders have said the same European union membership 00:08:49.600 --> 00:08:55.600 has usually at 10:15 year process, but simply everyone agreeing 00:08:55.600 --> 00:09:02.400 that it has a fair chance that it was opening the negotiations 00:09:02.400 --> 00:09:04.500 on switch previously weren't even on the table. 00:09:04.500 --> 00:09:08.200 Would already be a huge Advance when I'm not expecting 00:09:08.200 --> 00:09:11.100 you to be in the European Union next week, 00:09:11.100 --> 00:09:18.000 but I am expecting a change in signals and maybe even some consensus 00:09:18.000 --> 00:09:18.800 on 00:09:20.400 --> 00:09:23.400 The prospect of opening negotiation.