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In the video, Russian President Vladimir Putin talks to Turkish President Erdogan about the upgrading of the Russian military operation, known as "SMO," to a counter-terrorist operation. Putin also discusses the Ukraine situation with Erdogan, and mentions the Treasury bond sale as being a potential problem. He warns that the Ukraine situation is "now ticking" and "the hands of the clock are approaching midnight." He urges Ukrainians to choose their options, and leaves the economic situation for another time.
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