Hermitage Capital CEO Bill Browder discusses Ukraine President Zelenskyy's calls to embargo Russian oil, block its banks and completely cut off trade during a virtual speech from the World Economic Forum in Davos, Switzerland.
BILL BROWDER:
Well, because we're in a situation right now where every dollar that goes to Putin is a dollar that he's spending killing Ukrainians. And we have done some good work sanctioning the assets of Russia. We've gone after about $350 billion of central bank reserves. We've gone after a bunch of oligarchs, which has been very successful, but we haven't sanctioned the income, the money that flows in on a daily basis.
Hermitage Capital CEO Bill Browder told FOX Business that Ukraine President Zelenksyy delivered a"critical message" on sanctioning Russia during his virtual speech at the World Economic Forum in Davos, Switzerland. And President Zelenskyy is exactly right, which is the way to stop that is by stopping the purchase of Russian oil and gas and making sure that no other money flows in. And so it's a crucial message I think that everyone understands is necessary.
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