RUSH TRANSCRIPT Thank you ░░░░░░░░ right as she mentioned ░░░░░░░░ different sanctions options under ░░░░░░░░ now let s talk ░░░░░░░░ about global fallout we ░░░░░░░░ be facing with us ░░░░░░░░ executive director of aspen ░░░░░░░░ group and former State ░░░░░░░░ official great to have ░░░░░░░░ here I want to ░░░░░░░░ up on the point ░░░░░░░░ made about Germany it ░░░░░░░░ a pretty big deal ░░░░░░░░ see them quickly come ░░░░░░░░ and say they re ░░░░░░░░ approval for nord stream ░░░░░░░░ pipeline what does that ░░░░░░░░ you It was I ░░░░░░░░ back from Germany yesterday ░░░░░░░░ the Munich security conference ░░░░░░░░ Europeans are as united ░░░░░░░░ I ve ever seen ░░░░░░░░ on this particular issue ░░░░░░░░ s not to say ░░░░░░░░ united but I also ░░░░░░░░ really heartened by the ░░░░░░░░ chancellor coming out and ░░░░░░░░ the pipeline about to ░░░░░░░░ and bring gas directly ░░░░░░░░ Russia to Germany is ░░░░░░░░ to be on hold ░░░░░░░░ which is a strong ░░░░░░░░ to Putin that if ░░░░░░░░ actually really goes into ░░░░░░░░ in a real way ░░░░░░░░ s woken up NATO ░░░░░░░░ made the U S ░░░░░░░░ Europeans as united as ░░░░░░░░ have seen them in ░░░░░░░░ and years Which a ░░░░░░░░ weeks ago looked like ░░░░░░░░ opposite might be true ░░░░░░░░ the U S first ░░░░░░░░ suspensions of nord stream ░░░░░░░░ the Germans didn t ░░░░░░░░ underscore that point in ░░░░░░░░ the same way This ░░░░░░░░ like a bit of ░░░░░░░░ in tone that now ░░░░░░░░ having the effect you ░░░░░░░░ do you think it ░░░░░░░░ tone coming out of ░░░░░░░░ Today You know I ░░░░░░░░ not sure it is ░░░░░░░░ to deter Vladimir Putin ░░░░░░░░ is increasingly isolated he ░░░░░░░░ himself with yes men ░░░░░░░░ people I talked to ░░░░░░░░ weekend who informally interact ░░░░░░░░ him said you know ░░░░░░░░ might be something a ░░░░░░░░ bit off so I ░░░░░░░░ not sure how much ░░░░░░░░ international community can do ░░░░░░░░ really deter his actions ░░░░░░░░ it is impressive and ░░░░░░░░ think the U S ░░░░░░░░ and the European governments ░░░░░░░░ NATO deserve a lot ░░░░░░░░ credit They ve been ░░░░░░░░ the crisis about as ░░░░░░░░ as we can do ░░░░░░░░ far Giving the best ░░░░░░░░ worst case scenario for ░░░░░░░░ in the 10 or ░░░░░░░░ days we are facing ░░░░░░░░ Well it depends on ░░░░░░░░ best and worst case ░░░░░░░░ Ukraine you already see ░░░░░░░░ two republic liks having ░░░░░░░░ independence Russia moving in ░░░░░░░░ support and peace keep ░░░░░░░░ speakers in Ukraine Russia ░░░░░░░░ four options Just occupy ░░░░░░░░ territory number one two ░░░░░░░░ all of eastern Ukraine ░░░░░░░░ would be a significant ░░░░░░░░ and three or four ░░░░░░░░ could launch air missile ░░░░░░░░ attacks on Kyiv and ░░░░░░░░ parts of western Ukraine ░░░░░░░░ four try to take ░░░░░░░░ president of Ukraine and ░░░░░░░░ someone who is more ░░░░░░░░ positive Very hard to ░░░░░░░░ where this leads I ░░░░░░░░ no matter what happens ░░░░░░░░ re not going to ░░░░░░░░ NATO forces fighting on ░░░░░░░░ of Ukraine I think ░░░░░░░░ government has been clear ░░░░░░░░ that there s no ░░░░░░░░ if you look at ░░░░░░░░ polls in the U ░░░░░░░░ unfortunately most Americans can ░░░░░░░░ find Ukraine on a ░░░░░░░░ there s no appetite ░░░░░░░░ going in with American ░░░░░░░░ to support Ukraine but ░░░░░░░░ is going to be ░░░░░░░░ lot of supplying of ░░░░░░░░ and material to ensure ░░░░░░░░ can defend itself and ░░░░░░░░ course all of the ░░░░░░░░ that libby mentioned in ░░░░░░░░ last segment How does ░░░░░░░░ save face if they ░░░░░░░░ up backing down in ░░░░░░░░ way shape or form ░░░░░░░░ I don t think ░░░░░░░░ care much about saving ░░░░░░░░ unfortunately One way would ░░░░░░░░ to say look I ░░░░░░░░ am supporting these two ░░░░░░░░ away regions and everything ░░░░░░░░ was a military exercise ░░░░░░░░ then wait That s ░░░░░░░░ much Putin s play ░░░░░░░░ take one step see ░░░░░░░░ the international reaction is ░░░░░░░░ things settle down take ░░░░░░░░ step but ultimately his ░░░░░░░░ seems to be to ░░░░░░░░ Ukraine and with that ░░░░░░░░ historically revisionist speech ultimately ░░░░░░░░ the greater Soviet Union ░░░░░░░░ eye of the storm ░░░░░░░░ ll see if we ░░░░░░░░ in it Thank you ░░░░░░░░ much for your time ░░░░░░░░ Thank you Markets are ░░░░░░░░ session lows as we ░░░░░░░░ the president s remarks ░░░░░░░░ Pisani has more on ░░░░░░░░ move