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00:00How hard is it been to get all the capitals of Europe alongside Washington to agree on a harsh sanctions package. Well Britain is working really closely with the administration at all levels on all aspects of the crisis. President Biden the other day did refer to the total unanimity we've had in the game what we call the CAC plus format. When he talked to a number of European leaders NATO Secretary-General and the EU and that was a very good meeting. Sanctions are complicated because everyone has different legal systems. The EU has one legal system the Americans another. And we the Brits have now got an independent sanctions regime so they won't look exactly the same. But we are working on a wide ranging deep package of sanctions going further than was done in 2014 over Crimea. And everybody is on the same page in the sense that President Putin risks very severe sanctions if he goes into Ukraine. But as the past sanctions worked we have 2008 with Georgia 2014 annexation of Crimea. You were at the UN during the poisoning of Sergei and Yulia Scruple in Salisbury. It doesn't seem like these sanctions are a deterrence for Vladimir Putin. Well you could look at it that he hasn't done anything since 2014 and that may have been because of the sanctions put on him. Then we do know that they slow the Russian economy down and we do know that that has an effect on decision making. But I think as well as Secretary Blinken said sanctions are also a deterrent. The threat of sanctions is in itself a deterrent. And we'll see we'll see whether that deterrent works. We're offering dialogue. President Putin has a different way forward than keeping troops on the Ukraine border. Documents Bloomberg has seen shows that Germany is pushing for these exemptions especially when it comes to the energy sector. Prime Minister Boris Johnson is talking about some of the particulars of how hard it's gonna be for some nations given their reliance on Russia when it comes to energy. Do you expect there's going to be some exemptions within the Russian economy. In my experience all sanctions regimes have some exemptions that typically on the humanitarian and medicine side. So I wouldn't find that an unusual concept. We'll have to see how negotiations go on sanctions within the European Union. Certainly the Germans have made clear that if Putin invades Ukraine they will reconsider Nord Stream to.

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U.S., U.K. on Same Page On Russia-Sanctions, Ambassador Pierce Says

U.K. Ambassador to U.S. Karen Pierce says both countries are on "the same page" when it comes to hitting Russia with severe sanctions if it invades Ukraine. She says sanctions would go to the heart of the Russian economy. She spoke to Annmarie Hordern in Washington. (Source: Bloomberg)

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