1 00:00:00,540 --> 00:00:03,940 sorry to keep you waiting . Good 2 00:00:03,940 --> 00:00:07,510 afternoon . The Russian military has 3 00:00:07,510 --> 00:00:09,732 begun a brutal assault on the people of 4 00:00:09,732 --> 00:00:12,530 Ukraine without provocation without 5 00:00:12,530 --> 00:00:15,060 justification . Without necessity . 6 00:00:15,840 --> 00:00:18,260 This is a premeditated attack . 7 00:00:19,140 --> 00:00:21,251 Vladimir Putin has been planning this 8 00:00:21,251 --> 00:00:23,362 for months . As we've been saying all 9 00:00:23,362 --> 00:00:26,750 along , He moved more than 175,000 10 00:00:26,750 --> 00:00:29,050 troops military equipment and positions 11 00:00:29,240 --> 00:00:31,860 along the Ukrainian border . He moved 12 00:00:31,860 --> 00:00:34,290 blood supplies into position and then 13 00:00:34,290 --> 00:00:37,620 build a field hospitals which tells you 14 00:00:37,630 --> 00:00:39,352 all you need to know about his 15 00:00:39,352 --> 00:00:41,630 intentions all along . He rejected 16 00:00:41,640 --> 00:00:43,584 every good faith effort the United 17 00:00:43,584 --> 00:00:45,807 States and our allies and partners made 18 00:00:45,807 --> 00:00:48,029 to address our mutual security concerns 19 00:00:48,140 --> 00:00:50,570 through dialogue to avoid needless 20 00:00:50,570 --> 00:00:53,750 conflict and avert human suffering for 21 00:00:53,750 --> 00:00:56,860 weeks . For weeks we have been warning 22 00:00:57,240 --> 00:01:00,050 that this would happen and now it's 23 00:01:00,050 --> 00:01:03,120 unfolding largely as we predicted in 24 00:01:03,120 --> 00:01:05,230 the past week , we've seen shelling 25 00:01:05,230 --> 00:01:07,510 increase in the Donbas region in 26 00:01:07,510 --> 00:01:09,621 eastern Ukraine controlled by Russian 27 00:01:09,621 --> 00:01:11,610 backed separatists . Russian , the 28 00:01:11,610 --> 00:01:14,440 Russian government has perpetrated 29 00:01:14,610 --> 00:01:17,680 cyberattacks against Ukraine . We saw a 30 00:01:17,680 --> 00:01:19,950 stage political theater in Moscow , 31 00:01:20,040 --> 00:01:23,180 outlandish and baseless claims that 32 00:01:23,180 --> 00:01:25,760 Ukraine was a Ukraine was about to 33 00:01:25,770 --> 00:01:28,960 invade and launch a war against Russia 34 00:01:29,440 --> 00:01:31,273 that Ukraine was prepared to use 35 00:01:31,273 --> 00:01:33,790 chemical weapons . Ukraine committed a 36 00:01:33,790 --> 00:01:36,950 genocide without any evidence , 37 00:01:37,740 --> 00:01:39,810 We saw a flagrant violation of 38 00:01:39,810 --> 00:01:42,060 international law In attempting to 39 00:01:42,060 --> 00:01:44,580 unilaterally create two new so called 40 00:01:44,590 --> 00:01:47,670 Republics on sovereign Ukrainian 41 00:01:47,670 --> 00:01:51,060 territory and at the very moment that 42 00:01:51,060 --> 00:01:53,227 the United Nations Security Council is 43 00:01:53,227 --> 00:01:55,116 meeting to stand up for Ukraine's 44 00:01:55,116 --> 00:01:57,240 sovereignty to stave off invasion . 45 00:01:57,460 --> 00:02:00,860 Putin declared his war within 46 00:02:00,860 --> 00:02:04,020 moments moments , missile strikes began 47 00:02:04,020 --> 00:02:05,909 to fall on historic cities across 48 00:02:05,909 --> 00:02:08,560 Ukraine then came in the air raids 49 00:02:09,040 --> 00:02:11,373 followed by tanks and troops rolling in . 50 00:02:12,140 --> 00:02:14,450 We've been transparent with the world , 51 00:02:14,940 --> 00:02:16,884 we've shared declassified evidence 52 00:02:16,884 --> 00:02:19,051 about Russia's plans and cyber attacks 53 00:02:19,051 --> 00:02:21,162 and false pretext so that there could 54 00:02:21,162 --> 00:02:24,180 be no confusion or cover up about what 55 00:02:24,180 --> 00:02:27,240 Putin was doing . Putin is the 56 00:02:27,240 --> 00:02:30,660 aggressor . Putin chose this war 57 00:02:31,440 --> 00:02:33,496 and now he and his country will bear 58 00:02:33,496 --> 00:02:35,570 the consequences . Today , I'm 59 00:02:35,570 --> 00:02:37,850 authorizing additional strong sanctions 60 00:02:38,340 --> 00:02:40,870 and new limitations on what can be 61 00:02:40,870 --> 00:02:43,950 exported to Russia . This is going to 62 00:02:43,950 --> 00:02:45,894 impose severe costs on the Russian 63 00:02:45,894 --> 00:02:47,900 economy , both immediately and over 64 00:02:47,900 --> 00:02:50,730 time we have purposefully designed 65 00:02:50,730 --> 00:02:53,410 these sanctions to maximize the long 66 00:02:53,410 --> 00:02:56,080 term impact on Russia and to minimize 67 00:02:56,080 --> 00:02:58,302 the impact on the United States and our 68 00:02:58,302 --> 00:03:01,050 allies . I want to be clear the United 69 00:03:01,050 --> 00:03:04,250 States is not doing this alone For 70 00:03:04,260 --> 00:03:05,982 months . We've been building a 71 00:03:05,982 --> 00:03:08,204 coalition of partners representing well 72 00:03:08,204 --> 00:03:12,140 more than half the global economy . 27 73 00:03:12,140 --> 00:03:13,918 members of the European Union , 74 00:03:13,918 --> 00:03:15,918 including France , Germany Italy as 75 00:03:15,918 --> 00:03:18,029 well as the United Kingdom , Canada , 76 00:03:18,029 --> 00:03:20,196 Japan Australia , new Zealand and many 77 00:03:20,196 --> 00:03:22,307 others to amplify the joint impact of 78 00:03:22,307 --> 00:03:25,170 our response . I just spoke with the 79 00:03:25,170 --> 00:03:27,550 G-7 leaders this morning and we're in 80 00:03:27,550 --> 00:03:30,280 full and total agreement . We will 81 00:03:30,280 --> 00:03:32,391 limit Russia's ability to do business 82 00:03:32,391 --> 00:03:35,810 in dollars , euros , pounds and yen to 83 00:03:35,810 --> 00:03:38,680 be part of the global economy will 84 00:03:38,680 --> 00:03:41,090 limit their ability to do that . We're 85 00:03:41,090 --> 00:03:43,400 going to stunt the ability to finance 86 00:03:43,400 --> 00:03:46,610 and grow the Russian military . We're 87 00:03:46,610 --> 00:03:48,750 going to impose major and we're gonna 88 00:03:48,750 --> 00:03:50,972 impair their ability to compete in high 89 00:03:50,972 --> 00:03:53,750 tech 21st century economy . We've 90 00:03:53,750 --> 00:03:55,917 already seen the impact of our actions 91 00:03:55,917 --> 00:03:57,972 on Russia's currency and the ruble , 92 00:03:57,972 --> 00:04:01,310 which early today hit its weakest level 93 00:04:01,320 --> 00:04:04,860 ever ever in history , Russia stock 94 00:04:04,860 --> 00:04:07,750 market plunged today . The Russian 95 00:04:07,750 --> 00:04:09,830 government borrowing rates spiked by 96 00:04:09,830 --> 00:04:13,500 over 15% . Today's actions , 97 00:04:13,940 --> 00:04:15,996 we have now sanctioned Russian banks 98 00:04:16,240 --> 00:04:18,410 That together hold around $1 trillion 99 00:04:18,410 --> 00:04:20,740 dollars in assets . We've cut off 100 00:04:20,740 --> 00:04:22,740 Russia's largest bank , a bank that 101 00:04:22,740 --> 00:04:24,851 holds more than one third of Russia's 102 00:04:24,851 --> 00:04:27,760 banking assets by itself , cut it off 103 00:04:27,760 --> 00:04:30,000 from the U . S . Financial system and 104 00:04:30,000 --> 00:04:32,470 today we're also blocking four more 105 00:04:32,470 --> 00:04:35,310 major banks . That means every asset 106 00:04:35,310 --> 00:04:37,850 they have in America will be frozen . 107 00:04:38,440 --> 00:04:41,210 This includes VTB , the second largest 108 00:04:41,210 --> 00:04:44,670 bank in Russia , Which has $250 billion 109 00:04:44,670 --> 00:04:47,950 dollars in assets as promised . We're 110 00:04:47,950 --> 00:04:50,006 also adding the names to the list of 111 00:04:50,006 --> 00:04:52,660 Russian elites and their family members 112 00:04:53,140 --> 00:04:54,862 that are sanctioning that were 113 00:04:54,862 --> 00:04:56,770 sanctioned as well . As I said on 114 00:04:56,770 --> 00:04:58,820 Tuesday , these are people who 115 00:04:58,820 --> 00:05:00,764 personally gain from the Kremlin's 116 00:05:00,764 --> 00:05:02,876 policies and they should share in the 117 00:05:02,876 --> 00:05:06,490 pain we will keep up this drumbeat of 118 00:05:06,490 --> 00:05:08,450 those designations against corrupt 119 00:05:08,450 --> 00:05:11,500 billionaires in the days ahead . On 120 00:05:11,500 --> 00:05:13,540 Tuesday , we stopped the Russian 121 00:05:13,540 --> 00:05:15,870 government from raising money from us 122 00:05:15,880 --> 00:05:18,340 or european investors . Now , we're 123 00:05:18,340 --> 00:05:20,562 going to apply the same restrictions to 124 00:05:20,562 --> 00:05:22,173 Russia's largest state owned 125 00:05:22,173 --> 00:05:24,620 enterprises Companies with assets that 126 00:05:24,630 --> 00:05:27,660 exceed $1.4 trillion . 127 00:05:28,440 --> 00:05:30,551 Some of the most powerful impacts our 128 00:05:30,551 --> 00:05:32,910 actions will come over time As we 129 00:05:32,910 --> 00:05:35,190 squeeze Russians access to finances and 130 00:05:35,190 --> 00:05:37,970 technology for strategic sectors of its 131 00:05:37,970 --> 00:05:40,160 economy and degrade its industrial 132 00:05:40,160 --> 00:05:43,130 capacity for years to come between our 133 00:05:43,130 --> 00:05:45,130 actions and those of our allies and 134 00:05:45,130 --> 00:05:47,186 partners , we estimate that will cut 135 00:05:47,186 --> 00:05:49,186 off more than half of Russia's high 136 00:05:49,186 --> 00:05:52,110 tech imports will strike a blow to 137 00:05:52,110 --> 00:05:54,277 their ability to continue to modernize 138 00:05:54,277 --> 00:05:56,250 their military , will degrade the 139 00:05:56,250 --> 00:05:58,360 aerospace industry , including their 140 00:05:58,360 --> 00:06:00,530 space program . It will hurt their 141 00:06:00,530 --> 00:06:02,752 ability to build ships , reducing their 142 00:06:02,752 --> 00:06:05,400 ability to compete economically . And 143 00:06:05,400 --> 00:06:07,710 it will be a major hit to Putin's long 144 00:06:07,710 --> 00:06:10,050 term strategic ambitions and we're 145 00:06:10,050 --> 00:06:12,690 preparing to do more . In addition to 146 00:06:12,690 --> 00:06:14,857 the economic penalties were imposing . 147 00:06:15,040 --> 00:06:17,151 We're also taking steps to defend our 148 00:06:17,151 --> 00:06:19,860 NATO allies , particularly in the east . 149 00:06:20,240 --> 00:06:23,010 Tomorrow NATO will convene a summit 150 00:06:23,020 --> 00:06:25,370 will be there To bring together the 151 00:06:25,370 --> 00:06:28,880 leaders of 30 Allied nations and close 152 00:06:28,880 --> 00:06:32,310 partners to affirm our solidarity and 153 00:06:32,310 --> 00:06:34,780 to map out the next steps we will take 154 00:06:34,890 --> 00:06:37,240 to further strengthen all aspects of 155 00:06:37,240 --> 00:06:39,660 our NATO alliance . Although we 156 00:06:39,660 --> 00:06:41,900 provided over $650 million dollars in 157 00:06:41,900 --> 00:06:44,190 defensive assistance to Ukraine just 158 00:06:44,190 --> 00:06:47,560 this year . Last year , let me say it 159 00:06:47,560 --> 00:06:51,270 again . Our forces are not and will 160 00:06:51,270 --> 00:06:53,270 not be engaged in the conflict with 161 00:06:53,270 --> 00:06:56,510 Russia in Ukraine . Our forces are not 162 00:06:56,510 --> 00:06:59,030 going to europe to fight in Ukraine but 163 00:06:59,030 --> 00:07:01,370 to defend our NATO allies and reassure 164 00:07:01,370 --> 00:07:04,860 those allies in the east . As I made 165 00:07:04,860 --> 00:07:07,120 crystal clear , the United States will 166 00:07:07,120 --> 00:07:09,370 defend every inch of NATO territory 167 00:07:09,370 --> 00:07:11,592 with the full force of american power . 168 00:07:12,140 --> 00:07:14,600 And the good news is native was more 169 00:07:14,600 --> 00:07:17,250 united and more determined than ever . 170 00:07:18,040 --> 00:07:20,330 There is no doubt no doubt that the 171 00:07:20,330 --> 00:07:22,330 United States and every NATO ally , 172 00:07:22,440 --> 00:07:24,662 We'll meet our Article five commitments 173 00:07:24,940 --> 00:07:26,829 Which says an attack on one is an 174 00:07:26,829 --> 00:07:30,010 attack on all over the past few weeks 175 00:07:30,010 --> 00:07:32,177 ordered thousands of additional forces 176 00:07:32,177 --> 00:07:34,560 to Germany and Poland as part of our 177 00:07:34,560 --> 00:07:37,910 commitment to NATO on Tuesday . In 178 00:07:37,910 --> 00:07:40,188 response to Russia's aggressive action , 179 00:07:40,188 --> 00:07:42,410 including his troop presence in Belarus 180 00:07:42,410 --> 00:07:44,410 and the Black Sea . I've authorized 181 00:07:44,410 --> 00:07:46,410 deployment of ground and air forces 182 00:07:46,410 --> 00:07:48,521 already stationed in europe to NATO's 183 00:07:48,521 --> 00:07:50,630 eastern flank . Allies , Estonia , 184 00:07:50,640 --> 00:07:53,250 Latvia , Lithuania Poland and Romania . 185 00:07:54,540 --> 00:07:57,250 Our allies have also been stepping up 186 00:07:57,740 --> 00:08:00,020 adding the other allies , the rest of 187 00:08:00,020 --> 00:08:02,310 NATO adding their own forces and 188 00:08:02,310 --> 00:08:04,199 capabilities to ensure collective 189 00:08:04,199 --> 00:08:07,230 defense . And today within hours of 190 00:08:07,230 --> 00:08:09,690 Russia's unleashing its assault , NATO 191 00:08:09,690 --> 00:08:11,523 came together and authorized and 192 00:08:11,523 --> 00:08:13,840 activated an activation of response 193 00:08:13,840 --> 00:08:16,630 plans . This will enable NATO's high 194 00:08:16,630 --> 00:08:20,250 readiness forces to deploy and 195 00:08:20,250 --> 00:08:22,083 when and where they are needed . 196 00:08:22,440 --> 00:08:24,607 Protect our NATO allies on the eastern 197 00:08:24,607 --> 00:08:26,750 boundaries of europe . And now I'm 198 00:08:26,750 --> 00:08:28,861 authorizing additional U . S . Forces 199 00:08:28,861 --> 00:08:31,330 capabilities to deploy to Germany as 200 00:08:31,330 --> 00:08:33,330 part of NATO's response , including 201 00:08:33,330 --> 00:08:35,510 some of the US based forces that the 202 00:08:35,510 --> 00:08:37,732 Department of Defense placed on standby 203 00:08:37,732 --> 00:08:41,030 weeks ago , I've also spoken with 204 00:08:41,030 --> 00:08:43,141 Defense Secretary Austin and Chairman 205 00:08:43,141 --> 00:08:45,086 of the Joint Chiefs General Milley 206 00:08:45,086 --> 00:08:47,419 about preparations for additional moves . 207 00:08:47,419 --> 00:08:49,641 Should they become necessary to protect 208 00:08:49,641 --> 00:08:51,419 our NATO allies and support the 209 00:08:51,419 --> 00:08:53,308 greatest military alliance in the 210 00:08:53,308 --> 00:08:56,550 history of the world NATO as we respond . 211 00:08:57,140 --> 00:08:59,307 My administration is using the tools , 212 00:08:59,307 --> 00:09:01,418 every tool at our disposal to protect 213 00:09:01,418 --> 00:09:03,529 american families and businesses from 214 00:09:03,529 --> 00:09:05,720 rising prices at the gas pump . You 215 00:09:05,720 --> 00:09:07,720 know , we're taking active steps to 216 00:09:07,720 --> 00:09:09,942 bring down the cost an american oil and 217 00:09:09,942 --> 00:09:12,140 gas companies should not should not 218 00:09:12,140 --> 00:09:14,230 exploit this moment to hike their 219 00:09:14,230 --> 00:09:17,520 prices to raise profits . You know , in 220 00:09:17,520 --> 00:09:19,742 our sanctions package were specifically 221 00:09:19,742 --> 00:09:21,798 designed to allow energy payments to 222 00:09:21,798 --> 00:09:24,050 continue . We are closely monitoring 223 00:09:24,050 --> 00:09:26,420 energy supplies for any disruption . 224 00:09:27,240 --> 00:09:29,407 We've been coordinating with major oil 225 00:09:29,407 --> 00:09:31,296 producing and consuming countries 226 00:09:31,296 --> 00:09:33,351 toward our common interest to secure 227 00:09:33,351 --> 00:09:35,800 global energy supplies . We are 228 00:09:35,810 --> 00:09:37,977 actively working with countries around 229 00:09:37,977 --> 00:09:40,199 the world to elevate collective release 230 00:09:40,199 --> 00:09:42,310 from the strategic petroleum reserves 231 00:09:42,310 --> 00:09:44,640 of major energy consuming countries and 232 00:09:44,640 --> 00:09:46,362 the United States will release 233 00:09:46,362 --> 00:09:48,584 additional barrels of oil as conditions 234 00:09:48,584 --> 00:09:52,020 warrant . I know this is hard and that 235 00:09:52,020 --> 00:09:54,620 americans are already hurting . I will 236 00:09:54,620 --> 00:09:56,787 do everything in my power to limit the 237 00:09:56,787 --> 00:09:58,953 pain . The american people are feeling 238 00:09:58,953 --> 00:10:01,176 the gas pump . This is critical to me , 239 00:10:02,240 --> 00:10:04,090 but this aggression cannot go 240 00:10:04,090 --> 00:10:06,980 unanswered . If it did conscious 241 00:10:06,980 --> 00:10:09,350 quinces for America would be much worse . 242 00:10:10,040 --> 00:10:12,540 America stands up to bullies , We stand 243 00:10:12,540 --> 00:10:15,650 up for freedom . This is who we are . 244 00:10:17,140 --> 00:10:19,251 Let me also repeat the warning I made 245 00:10:19,251 --> 00:10:21,710 last week . If Russia pursues cyber 246 00:10:21,710 --> 00:10:23,730 attacks against our companies , our 247 00:10:23,730 --> 00:10:25,750 critical infrastructure . We are 248 00:10:25,750 --> 00:10:28,560 prepared to respond for months . We've 249 00:10:28,560 --> 00:10:30,560 been working closely with our pride 250 00:10:30,560 --> 00:10:32,671 with the private sector to harden our 251 00:10:32,671 --> 00:10:34,893 cyber defenses , sharpen our ability to 252 00:10:34,893 --> 00:10:36,893 respond to Russian cyber attacks as 253 00:10:36,893 --> 00:10:39,230 well . I spoke last night to President 254 00:10:39,230 --> 00:10:42,260 Zelensky of Ukraine and I assured him 255 00:10:42,840 --> 00:10:45,007 that the United States , together with 256 00:10:45,007 --> 00:10:47,173 our allies and partners in europe will 257 00:10:47,173 --> 00:10:49,229 support the Ukrainian people as they 258 00:10:49,229 --> 00:10:51,229 defend their country , will provide 259 00:10:51,229 --> 00:10:53,396 your humanitarian relief to ease their 260 00:10:53,396 --> 00:10:55,507 suffering . In the early days of this 261 00:10:55,507 --> 00:10:58,210 conflict , Russia propaganda outlets 262 00:10:58,210 --> 00:11:00,377 will keep trying to hide the truth and 263 00:11:00,377 --> 00:11:02,260 claim success for its military 264 00:11:02,260 --> 00:11:04,316 operation against a made up threat . 265 00:11:05,040 --> 00:11:07,660 But history has shown time and again 266 00:11:08,240 --> 00:11:10,150 how swift gains and territory 267 00:11:10,410 --> 00:11:12,188 eventually give way to grinding 268 00:11:12,188 --> 00:11:15,650 occupations , acts of mass civil , mass 269 00:11:15,660 --> 00:11:18,560 civil disobedience and strategic dead 270 00:11:18,560 --> 00:11:22,180 ends the next few weeks and months we 271 00:11:22,180 --> 00:11:24,460 hardened the people of Ukraine . Putin 272 00:11:24,460 --> 00:11:27,150 has unleashed a great pain on them , 273 00:11:28,040 --> 00:11:30,207 But the Ukrainian people have known 30 274 00:11:30,207 --> 00:11:32,096 years of independence , they have 275 00:11:32,096 --> 00:11:34,096 repeatedly shown that they will not 276 00:11:34,096 --> 00:11:36,380 tolerate anyone tries to take their 277 00:11:36,380 --> 00:11:39,590 country backwards . This is a dangerous 278 00:11:39,590 --> 00:11:41,810 moment for all of europe . For the 279 00:11:41,810 --> 00:11:44,560 freedom around the world . Putin is a 280 00:11:44,560 --> 00:11:46,227 committed assault on the very 281 00:11:46,227 --> 00:11:48,560 principles that uphold the global peace . 282 00:11:49,040 --> 00:11:51,950 But now the entire world sees clearly 283 00:11:52,440 --> 00:11:54,800 with Putin and his criminal and his 284 00:11:54,800 --> 00:11:57,350 criminal allies are really all about 285 00:11:58,340 --> 00:12:00,562 This was never about a genuine security 286 00:12:00,562 --> 00:12:02,940 concerns on their part . It was always 287 00:12:02,940 --> 00:12:05,580 about naked aggression , about Putin's 288 00:12:05,580 --> 00:12:08,280 desire for empire by any means 289 00:12:08,280 --> 00:12:10,910 necessary , by bullying Russia's 290 00:12:10,910 --> 00:12:12,632 neighbors through coercion and 291 00:12:12,632 --> 00:12:14,632 corruption . By changing borders by 292 00:12:14,632 --> 00:12:18,410 force and ultimately by choosing a war 293 00:12:18,410 --> 00:12:21,090 without a cause . Putin's action 294 00:12:21,090 --> 00:12:23,690 betrays sinister vision for the future 295 00:12:23,690 --> 00:12:26,290 of our world . One more nations take 296 00:12:26,290 --> 00:12:29,150 what they want by force . But it is a 297 00:12:29,150 --> 00:12:31,039 vision that the United States and 298 00:12:31,039 --> 00:12:33,206 freedom loving nations everywhere will 299 00:12:33,206 --> 00:12:34,872 oppose with every tool of our 300 00:12:34,872 --> 00:12:37,039 considerable power , the United States 301 00:12:37,039 --> 00:12:39,261 and our allies and partners will emerge 302 00:12:39,261 --> 00:12:41,483 from this stronger , more united , more 303 00:12:41,483 --> 00:12:43,317 determined and more purposeful . 304 00:12:44,540 --> 00:12:46,960 Putin's aggression against Ukraine will 305 00:12:46,960 --> 00:12:48,571 end up costing Russia dearly 306 00:12:49,140 --> 00:12:51,960 economically and strategically . We 307 00:12:51,960 --> 00:12:54,930 will make sure of that . Putin will be 308 00:12:54,930 --> 00:12:57,060 a pariah on the international stage . 309 00:12:57,640 --> 00:12:59,930 Any nation accountant is Russia's naked 310 00:12:59,930 --> 00:13:01,890 aggression against Ukraine will be 311 00:13:01,890 --> 00:13:05,690 stained by association . The history of 312 00:13:05,690 --> 00:13:08,480 this area is written , Putin's choice 313 00:13:09,040 --> 00:13:11,690 to make a totally unjustifiable war on 314 00:13:11,690 --> 00:13:14,360 Ukraine , love , love , Russia , weaker 315 00:13:15,440 --> 00:13:17,384 and the rest of the world stronger 316 00:13:18,040 --> 00:13:20,151 liberty . Democracy , human dignity . 317 00:13:20,151 --> 00:13:22,660 These are the forces far more powerful 318 00:13:23,140 --> 00:13:26,380 than fear and oppression . They cannot 319 00:13:26,390 --> 00:13:28,560 be extinguished by tyrants like Putin 320 00:13:28,560 --> 00:13:31,640 and his armies . They cannot be erased 321 00:13:31,650 --> 00:13:33,910 by people from people's hearts and 322 00:13:33,910 --> 00:13:36,060 hopes by any amount of violence and 323 00:13:36,060 --> 00:13:39,860 intimidation they endure in the 324 00:13:39,860 --> 00:13:42,260 contest between democracy and autocracy 325 00:13:42,940 --> 00:13:45,080 between sovereignty and subjugation . 326 00:13:45,540 --> 00:13:48,850 Make no mistake . Freedom will prevail . 327 00:13:50,140 --> 00:13:52,084 God bless the people of a free and 328 00:13:52,084 --> 00:13:54,251 democratic . Ukrainian may God protect 329 00:13:54,251 --> 00:13:55,251 our troops 330 00:13:56,840 --> 00:13:59,670 associated press Zeke 331 00:14:03,960 --> 00:14:06,016 with President Putin at this point ? 332 00:14:06,016 --> 00:14:08,238 And what interactions have you had with 333 00:14:08,238 --> 00:14:10,293 the Russian government ? I heard the 334 00:14:10,293 --> 00:14:12,293 first part . Do I have any plans to 335 00:14:12,293 --> 00:14:12,100 speak with Putin at this point ? And 336 00:14:12,100 --> 00:14:14,211 what what communications did you have 337 00:14:14,211 --> 00:14:16,211 with the Kremlin as far as military 338 00:14:16,211 --> 00:14:18,211 operation Ukraine ? And making sure 339 00:14:18,211 --> 00:14:20,044 this is not spiral into a larger 340 00:14:20,044 --> 00:14:21,878 conflict . It's a large conflict 341 00:14:21,878 --> 00:14:21,870 already . The way we're going to Sure 342 00:14:21,870 --> 00:14:23,926 it's not going to aspire to a larger 343 00:14:23,926 --> 00:14:26,220 conflict is by providing all the forces 344 00:14:26,220 --> 00:14:28,387 needed in the eastern european nations 345 00:14:28,387 --> 00:14:30,910 that are members of NATO . NATO is more 346 00:14:30,910 --> 00:14:33,220 united than it's ever been . And I have 347 00:14:33,220 --> 00:14:36,850 no plans to talk with Putin . Mhm . 348 00:14:37,940 --> 00:14:41,550 Ah Wall Street Journal , Serena 349 00:14:45,040 --> 00:14:47,350 Mr President . You didn't mention swift 350 00:14:47,350 --> 00:14:49,517 in your sanctions that you announced ? 351 00:14:49,517 --> 00:14:51,890 Is there a reason why the U . S . Uh 352 00:14:51,900 --> 00:14:53,567 isn't doing that ? Is there a 353 00:14:53,567 --> 00:14:55,400 disagreement among allies um , 354 00:14:55,410 --> 00:14:58,160 regarding swift and whether uh Russia 355 00:14:58,160 --> 00:15:00,216 should be allowed to be part of it ? 356 00:15:00,216 --> 00:15:02,430 The sanctions that we have proposed on 357 00:15:02,430 --> 00:15:04,597 all their banks of equal consequence , 358 00:15:04,597 --> 00:15:06,708 maybe more consequence than swift . # 359 00:15:06,708 --> 00:15:10,210 one . Number two ? Uh it is always an 360 00:15:10,210 --> 00:15:12,432 option , but right now , that's not the 361 00:15:12,432 --> 00:15:14,654 position that the rest of europe wishes 362 00:15:14,654 --> 00:15:17,730 to take ? Um cecilia 363 00:15:17,740 --> 00:15:19,860 vega abc . 364 00:15:22,140 --> 00:15:24,251 Sir , sanctions clearly have not been 365 00:15:24,251 --> 00:15:26,418 enough to deter Vladimir Putin to this 366 00:15:26,418 --> 00:15:29,110 point ? What is going to stop him ? How 367 00:15:29,110 --> 00:15:31,760 and when does this end ? And do you see 368 00:15:31,760 --> 00:15:34,170 him trying to go beyond Ukraine ? And a 369 00:15:34,170 --> 00:15:36,392 second question I'll just give to you . 370 00:15:36,392 --> 00:15:38,448 Now this statement that he gave last 371 00:15:38,448 --> 00:15:40,559 night ? Will that the what the threat 372 00:15:40,559 --> 00:15:40,500 that he gave the west will face 373 00:15:40,500 --> 00:15:42,790 consequences greater than any you have 374 00:15:42,790 --> 00:15:44,957 faced in history . Is he threatening a 375 00:15:44,957 --> 00:15:48,840 nuclear strike ? I have no idea 376 00:15:48,850 --> 00:15:51,017 what he's threatening . I know what he 377 00:15:51,017 --> 00:15:54,770 has done . # one and number two , no 378 00:15:54,770 --> 00:15:57,990 one expected the sanctions to prevent 379 00:15:58,250 --> 00:16:00,680 anything from happening . It has to 380 00:16:00,680 --> 00:16:02,902 show that's gonna take time and we have 381 00:16:02,902 --> 00:16:05,120 to show resolve . So he knows what's 382 00:16:05,120 --> 00:16:07,190 coming . And so the people of Russia 383 00:16:07,200 --> 00:16:09,422 know what he's brought on them . That's 384 00:16:09,422 --> 00:16:11,589 what this is all about . This is gonna 385 00:16:11,589 --> 00:16:13,811 take time . It's not gonna occur . He's 386 00:16:13,811 --> 00:16:16,033 gonna say , oh my God , these sanctions 387 00:16:16,033 --> 00:16:18,200 are coming , I'm going to stand down . 388 00:16:18,200 --> 00:16:20,311 He's going to test the resolve of the 389 00:16:20,311 --> 00:16:22,478 West to see if we stay together and we 390 00:16:22,478 --> 00:16:24,256 will we will and it will impose 391 00:16:24,256 --> 00:16:26,367 significant costs on him . Will he go 392 00:16:26,367 --> 00:16:28,478 beyond Ukraine , sir ? Do you see him 393 00:16:28,478 --> 00:16:32,000 going ? Yes , two topics just really 394 00:16:32,000 --> 00:16:35,180 quick . First , markets are down and 395 00:16:35,180 --> 00:16:37,291 gas prices are up . I know you always 396 00:16:37,291 --> 00:16:39,390 stress the difference between Wall 397 00:16:39,390 --> 00:16:42,360 Street and Main Street , but everybody 398 00:16:42,370 --> 00:16:45,560 seems to be in for some economic pain , 399 00:16:45,570 --> 00:16:48,270 how economically painful is it going to 400 00:16:48,280 --> 00:16:50,810 get for people in this country ? And I 401 00:16:50,810 --> 00:16:52,866 do have one more question . First of 402 00:16:52,866 --> 00:16:55,420 all , there's no doubt that when a 403 00:16:55,420 --> 00:16:58,820 major nuclear power attacks and invades 404 00:16:58,820 --> 00:17:01,042 another country that the world is going 405 00:17:01,042 --> 00:17:03,580 to respond and markets can respond all 406 00:17:03,580 --> 00:17:05,636 over the world . So there's no doubt 407 00:17:05,636 --> 00:17:08,360 about that . Number one . Number 2 , 408 00:17:08,740 --> 00:17:11,480 the notion that this is going to last 409 00:17:11,590 --> 00:17:14,280 for a long time is highly unlikely . As 410 00:17:14,280 --> 00:17:16,810 long as we continue to stay resolved in 411 00:17:16,810 --> 00:17:18,866 imposing the sanctions were going to 412 00:17:18,866 --> 00:17:22,460 impose on Russia period . What's your 413 00:17:22,460 --> 00:17:24,516 next question ? I'm sorry . The next 414 00:17:24,516 --> 00:17:26,890 question is , did you underestimate 415 00:17:26,980 --> 00:17:29,036 Putin ? And would you still describe 416 00:17:29,036 --> 00:17:31,258 them the way that you did in the summer 417 00:17:31,258 --> 00:17:34,550 as a worthy adversary at the time ? 418 00:17:35,140 --> 00:17:37,450 He was I made it clear as an adversary 419 00:17:37,450 --> 00:17:39,450 and I said he was worthy . I didn't 420 00:17:39,450 --> 00:17:41,710 underestimate him . And I've read most 421 00:17:41,710 --> 00:17:43,766 of everything he's written . Did you 422 00:17:43,766 --> 00:17:45,877 read ? Shouldn't I'm not being a wise 423 00:17:45,877 --> 00:17:48,330 guy . You heard the speech he made 424 00:17:48,340 --> 00:17:50,396 almost an hour's worth of speeches . 425 00:17:50,396 --> 00:17:52,562 Why he was going into Ukraine , he has 426 00:17:52,562 --> 00:17:54,673 much larger ambitions in Ukraine . He 427 00:17:54,673 --> 00:17:57,350 wants to in fact reestablish the former 428 00:17:57,350 --> 00:17:59,294 soviet union . That's what this is 429 00:17:59,294 --> 00:18:02,480 about . And I think that his his 430 00:18:02,480 --> 00:18:04,670 ambitions are 431 00:18:06,240 --> 00:18:09,000 are completely contrary to the place 432 00:18:09,000 --> 00:18:11,333 where the rest of the world has arrived . 433 00:18:12,840 --> 00:18:15,090 You're confident that these devastating 434 00:18:15,090 --> 00:18:17,520 sanctions are going to be as 435 00:18:17,520 --> 00:18:19,630 devastating as Russian missiles and 436 00:18:19,630 --> 00:18:23,070 bullets and tanks . Yes , 437 00:18:23,740 --> 00:18:25,907 Russian bullets , missiles , and tanks 438 00:18:25,907 --> 00:18:29,550 in Ukraine . Yes , I am , mm , 439 00:18:30,240 --> 00:18:32,770 no . President biden . If sanctions 440 00:18:32,780 --> 00:18:35,120 cannot stop President Putin . What 441 00:18:35,130 --> 00:18:37,690 penalty can I didn't say sanctions 442 00:18:37,690 --> 00:18:39,912 couldn't stop him . You've been talking 443 00:18:39,912 --> 00:18:42,134 about the threat of these sanctions for 444 00:18:42,134 --> 00:18:44,023 several weeks now . Yes , but the 445 00:18:44,023 --> 00:18:46,246 threat of the sanctions in imposing the 446 00:18:46,246 --> 00:18:45,880 sanctions and seeing the effect of the 447 00:18:45,880 --> 00:18:48,750 sanctions are two different things are 448 00:18:48,750 --> 00:18:50,806 two different things ? And we're now 449 00:18:50,806 --> 00:18:53,028 going to He's going to begin to see the 450 00:18:53,028 --> 00:18:55,250 effect of the sanctions ? And what will 451 00:18:55,250 --> 00:18:57,194 that do ? How will that change his 452 00:18:57,194 --> 00:18:59,361 mindset here ? Given because it was so 453 00:18:59,361 --> 00:19:01,660 weak in his country that he'll have to 454 00:19:01,660 --> 00:19:03,940 make a very , very difficult choices of 455 00:19:03,940 --> 00:19:05,884 whether to continue to move toward 456 00:19:05,884 --> 00:19:08,051 being a second rate power or in fact , 457 00:19:08,051 --> 00:19:10,410 respond . You said in recent weeks that 458 00:19:10,410 --> 00:19:12,577 big nations cannot bluff when it comes 459 00:19:12,577 --> 00:19:14,688 to something like this . You recently 460 00:19:14,688 --> 00:19:16,521 said that the idea of personally 461 00:19:16,521 --> 00:19:18,688 sanctioning President Putin was on the 462 00:19:18,688 --> 00:19:20,632 table , Is that a step that you're 463 00:19:20,632 --> 00:19:20,620 prepared to take ? And if not a bluff , 464 00:19:20,620 --> 00:19:23,160 it's on the table sanctioning President 465 00:19:23,160 --> 00:19:25,370 Putin . Why not sanction him today , 466 00:19:25,370 --> 00:19:28,460 sir ? Why not sanction him today , 467 00:19:30,040 --> 00:19:31,818 Mr . President , if I can . You 468 00:19:31,818 --> 00:19:33,762 detailed some severe and swift new 469 00:19:33,762 --> 00:19:35,929 sanctions today and said the impact it 470 00:19:35,929 --> 00:19:37,929 will have over time . But given the 471 00:19:37,929 --> 00:19:40,151 full scale invasion , given that you're 472 00:19:40,151 --> 00:19:42,318 not pursuing disconnecting Russia from 473 00:19:42,318 --> 00:19:44,540 what's called swift , the international 474 00:19:44,540 --> 00:19:46,596 banking system or other sanctions at 475 00:19:46,596 --> 00:19:48,651 your disposal , respectfully , sir , 476 00:19:48,651 --> 00:19:50,429 what more are you waiting for ? 477 00:19:50,429 --> 00:19:52,484 Specifically with the sanctions were 478 00:19:52,484 --> 00:19:55,060 imposed exceeds swift ? The sanctions 479 00:19:55,060 --> 00:19:57,116 we opposed to exceed anything that's 480 00:19:57,116 --> 00:19:59,004 ever been done . The sanctions we 481 00:19:59,004 --> 00:20:01,060 imposed have generated two thirds of 482 00:20:01,060 --> 00:20:02,838 the world joining us . They are 483 00:20:02,838 --> 00:20:05,350 profound sanctions . Let's have a 484 00:20:05,350 --> 00:20:07,517 conversation in another month or so to 485 00:20:07,517 --> 00:20:09,572 see if they're working ? Yes . Can I 486 00:20:09,572 --> 00:20:11,517 ask you about Zelensky , sir ? You 487 00:20:11,517 --> 00:20:13,683 spoke to Vladimir Zelensky yesterday , 488 00:20:13,683 --> 00:20:15,794 sir , what's the what's the risk that 489 00:20:16,040 --> 00:20:17,873 we are watching the beginning of 490 00:20:17,873 --> 00:20:19,984 another Cold war ? And is there now a 491 00:20:19,984 --> 00:20:21,929 complete rupture in us and Russian 492 00:20:21,929 --> 00:20:24,151 relations ? There is a complete rupture 493 00:20:24,151 --> 00:20:26,530 right now in us Russian relations . If 494 00:20:26,530 --> 00:20:28,752 they continue on this path that they're 495 00:20:28,752 --> 00:20:31,480 on . And in terms of Cold War ? That 496 00:20:31,480 --> 00:20:33,702 depends , you have the vast majority of 497 00:20:33,702 --> 00:20:35,480 the rest of the world and total 498 00:20:35,480 --> 00:20:37,702 opposition to what he's doing from Asia 499 00:20:37,702 --> 00:20:41,100 to South America to europe around the 500 00:20:41,100 --> 00:20:43,980 world . And so it's going to be a cold 501 00:20:43,980 --> 00:20:46,630 day for Russia . The idea you don't see 502 00:20:46,630 --> 00:20:48,630 a whole lot of people coming to his 503 00:20:48,630 --> 00:20:51,470 defense . And are you are you if I 504 00:20:51,470 --> 00:20:53,637 could follow up , sir , are you urging 505 00:20:53,637 --> 00:20:55,526 china to help isolate Russia . Ru 506 00:20:55,526 --> 00:20:57,637 urging china to help isolate Russia . 507 00:20:59,140 --> 00:21:01,196 I'm not prepared to comment . And at 508 00:21:01,196 --> 00:21:01,170 the moment . 509 00:21:09,140 --> 00:21:12,450 Alright . I don't know . Yeah . 510 00:21:13,440 --> 00:21:15,551 No , no , no . He's had his hand up a 511 00:21:15,551 --> 00:21:17,718 long time . Thank you . Mr President . 512 00:21:17,718 --> 00:21:19,884 How concerned are you that Putin wants 513 00:21:19,884 --> 00:21:21,662 to go beyond Ukraine into other 514 00:21:21,662 --> 00:21:23,829 countries and the U . S . Will have to 515 00:21:23,829 --> 00:21:25,773 get involved if he moves into NATO 516 00:21:25,773 --> 00:21:27,940 countries . Well , if he did move into 517 00:21:27,940 --> 00:21:27,880 NATO countries , he will be involved , 518 00:21:27,890 --> 00:21:29,946 we will be involved . The only thing 519 00:21:29,946 --> 00:21:32,001 that I'm convinced of is if we don't 520 00:21:32,001 --> 00:21:34,168 stop now . He'll be emboldened . If we 521 00:21:34,168 --> 00:21:36,279 don't move against him now with these 522 00:21:36,279 --> 00:21:38,570 significant sanctions . He will be 523 00:21:38,570 --> 00:21:42,160 emboldened . Look , you know , every 524 00:21:42,740 --> 00:21:44,930 well anyway , can you talk anything 525 00:21:44,930 --> 00:21:48,260 more about your conversation ? Can you 526 00:21:48,640 --> 00:21:50,670 Mr President Mr President ? 527 00:21:52,440 --> 00:21:53,460 Mhm . Okay . 528 00:21:56,840 --> 00:21:58,690 Why not directly ? 529 00:22:01,410 --> 00:22:03,480 I'm sorry . I can't hear you sir . 530 00:22:03,480 --> 00:22:05,313 India , which is a major defense 531 00:22:05,313 --> 00:22:07,880 partner of the United States is India 532 00:22:07,880 --> 00:22:09,880 with fully with you on the issue of 533 00:22:09,880 --> 00:22:12,730 Ukraine and Russia does the Defense 534 00:22:12,730 --> 00:22:14,952 Department of the United States . India 535 00:22:14,952 --> 00:22:17,063 is one of your major defense partners 536 00:22:17,063 --> 00:22:19,460 is India fully in sync with United 537 00:22:19,460 --> 00:22:22,020 States on on Russia . We're gonna be 538 00:22:22,020 --> 00:22:24,240 we're in consultation with with India 539 00:22:24,240 --> 00:22:26,220 today . We haven't resolved that 540 00:22:26,220 --> 00:22:29,710 completely . Okay , thank you all very 541 00:22:29,710 --> 00:22:33,170 much . Thank you . Thank you .