page 5 and over, then we get sizes vaccine. i think there is an important unmet medical need here with these youngest kids. they don't have any of the vaccine. they don't have any other treatments. i think they have to recognize that they might indeed prioritize supplication, but they do, as you say, now have that full spectrum of data across the whole age range of children and adolescents. ah, took a picture of the headlines here on al jazeera. russia has 5 cruise missiles at ukraine's capital as the un secretary general, antonio good ted is visits. keith, ukraine's president vladimir zalinski accused the kremlin of trying to humiliate the un. and one of his advisors called it a postcard from moscow. a residential area was hit and at least one person was killed. well, good heritage has bet ukrainian president vladimir zalinski. but before that meeting, he taught regions near keith, where russian troops have been accused of committing war crimes during

a press conference later. garage call for accountability. ukraine is an epi centered event, bearable heart h and b. i witnessed that very vividly today at aunt keith, the senseless loss of life, the massive destruction the unacceptable violations of human rights. and the. busy laws of water, it is vital that the international criminal court and other un mechanisms conduct that work so that that can be real accountability. whereas lewis wouldn't even the analytical thought. it's important that the secretary general has had a chance to witness the crimes committed against the ukrainian people in the suburbs of the city of keys he is seen must the occupying forces have done against our citizens. this is the true genocide, and it is important to facilitate the establishment of a special international tribunal on russian crimes satellite imagery from the city

of mattie you poll has reveal the damage done by russian shelling on a steel plant where ukrainian soldiers hold up along with civilians that's despite russia agreeing in principle to allow for evacuation is to take place. at least one person's been killed in car keys and another 2 injured after russian shelling on a residential area on wednesday. emergency crews went to the scene to treat the wounded and put out a fire ukraine, 2nd largest city, a space shilling nearly every day since the rule the can until his president is in saudi arabia for a visit aimed at starting a new period in relation between anchor and re add russia typo to one has met king solomon and the crown prince. mom had been salmon relations between the 2 sides was strained after the 2018 killing of the journalist channel hash algae at the saudi consulate in istanbul. well, those were the headlines that he's continues al jazeera, after in fast food staging. thanks for watching. i thought, ah,

russia has whole said gas applies to poland unfold guerria, it says the 2 nations refuse to pay in roubles. you fools at blackmail and says it has contingency plans. the can europeans survive without russian gas? this is inside story. ah. hello and welcome to the program. i'm laura kyle. the crisis between russia and europe, sparked by the war in ukraine, has taken yet another turn. this time,

moscow has delivered on its promise to hold gas applies to bulgaria and poland for not paying and roubles. russia's currency, though the action had been feared by some in the european union, many had already predicted it. bulgaria says it's made alternative arrangements and poland insists it's energy supplies, unsecure at the thought of the conflict, the u. s. so great to provide liquefied natural gas to the you in the coming years and member states working to find alternative long term supplies as well. europe stopping gas deliveries to such as your member states is another provocation from the kremlin. but it comes as no surprise that the kremlin use us fossil fuels to try to black. my last, this is something that your team commission has been preparing for in close coordination and solidarity with member states and international partners. our response will be immediate. united and coordinated or the or appear in council

president shall. michelle echo echoed a similar message on twitter saying a gas promise decision to cut gas supplies to some e. u. member states is another aggressive unilateral moved by russia. we will remain united and support each other while phasing out russian energy imports. or some in the you see this as an opportunity to revisit the issue of renewable energy sources. to achieve that, the you would need to raise the share of its green energy to 40 percent of total consumption by 2030. another step would be to collectively reduce net greenhouse gas emissions by 55 percent from 1990 levels by 2030. and that you may have to divert its attention to alternatives like liquefied natural gas and even more controversially resort to reactivating. it's coal powered war, about a 3rd of that went through ukraine. germany is the biggest single consumer accounting for 55 percent of its total imports. but it's now promised to phase out

russian imports. bulgaria, which has just been cut off by gas prom receives more than 70 percent of its natural gas from russia. while poland gets no undress, gold fowl, professor at the willy brown school of public policy in moscow, chris, we for chief executive officer at the consultancy macro advisory and in also lobby commodities analyst at s. e. b. financial services group, a very warm welcome to all of you. let's start this discussion by addressing this issue of actually paying for russia's gas in that rubles why poland and bulgaria have refused to do it. who else might be doing as an and why russia wants it in the 1st place? first, early. why have poland and bulgaria defied russia's demands? what receives that whole learning? bull gary are both during lunch time. there will be no russian oil by end of the $20.00 to $2.00 and it will be no extent long there. rush natural gas congress which is expired at the end of $22.00. so the just sort of been has been

important politics and also get off course. and now we see that this is to go away from us by source. and we'll see that they have alternatives and bulgaria don't as well because it gets its vast majority of natural gas from russia . exactly, exactly, that, that's a good point, but bulgaria can get their yes from us of a john. now we see that they are, it's on the more long term contracts with acid italian gas. ok at chris, let's look at russia and why it's insisting on these rubles payments in the 1st place. i mean, i understand that gas from already has to sell 80 percent of its foreign currency earnings for russian currency anyway. so why is it insisting on russia's target poles and bulgaria is exactly as you said, these are 2 countries that have been more pro active in looking for alternative

sources and making specific arrangements for alternative for gas flies and both countries. where in any case, going to draw russia yes, supplies at the end of the year. so it allows russia therefore, opportunistically to make a point to, to best he said to the other countries. we can do the same to, to you even though the volumes will be a lot more significant. and the impact will be a lot bigger because other countries, like germany, is the et cetera, have not made these arrangement because they're not possible. but as to why now it's, it's look, it's partly, this is something that president putin under government of talked about for a very long time. we're more than 10 years. the 50 does fact. they've wanted to break dependency on the dollar as demand currency for rushes, external trade. they wanted more bilateral currency deals. there are some but actually the reason why they're doing it specifically now is related to sanctions. because the mechanism that they have proposed or that is put in place,

which requires, for example, a customer in europe to pay still be able to pay a dollars or euro's. but now into a bank account in gas from bank and gas from bank and converse to roubles and transmits to roubles to, to cast from so the customer can still pay in dollars of yours. but in this mechanism and the e commerce at fairly well, it certainly has exceeded that raising the stakes. andre has given the number of countries that are still receiving russian gas at this time, should we? these 3 or 4 european countries are now paying and roubles precisely along the lines of what chris has just outlined. we don't precisely know whom we have. farris are not getting out. this is, this is going to go about numbers. going to go even higher up. i guess the key issue here really is, you know, and moves to insist on payment in roubles there by violating ease sanctions according to the commission president. is that whacking? i think it's, you know, back to that. what a and then,

and i think that's what's driving the price. you know, that's was driving the price because full and as long as it's not a major dis, no major issue for a foreign home at all. so it's more like a psychological thing. it's more like a psychological effect on the market. and this is the power play kristin and gaskin of some way, because now you see that the, the conscious which is really relying on the rush natural gas, they've moved now. payables. no, be the consequence. so i think the markets now realizing that this will be no effect. quick fix, right? so going forward, we will have higher prices for longer and i think that's shacks all the time. you know, he's been playing with the spot while you see much. so, and he only his goal is to make sure that the, his large consumers of natural gas is customers in europe are now going into new long term contracts, which is about to expire. you know, natural gas is like

a marriage? yes. okay, i would you agree with that, chris? if you kinda sort of perhaps look into putin's mind simply because you're there in moscow. do you think that this is, his outlet said that the russian government, i always made a point that it will always honor a contract. so in this situation, it's actually make, it's about making like life difficult for the european customers, rather than perhaps risking the contract because i, you know, german or other your approvals from there. so essentially what russia is saying is to technically the contract is not disruptive, is, is only the payment mechanism that has changed. and therefore, there again, trying to on us on the, on, on europe and the european customers to i will as e, you could, commission president said to break sanctions, but rested itself is saying, we're actually not doing much to the contracts on changing where you pay not how you pay are the terms of the contract itself. so in that sense, of course,

europe needs to guess, but russian needs the money. oh, yeah. so in that sense, you're, you're not going to get a situation where russia will just arbitrarily turn the gas off because it needs the financial tomorrow. if those gas flows were cut off and the money stream was disrupted. so in that sense, there's a lot of bluffing, there's a game of brings me to put time to place. and hope here in moscow is as far as i can here, is that they hopes it all. this will be resolved and dusted and finalized before we get to the way that they're coming up with this really pallet e plan. is it going to be enough to wind themselves off russia's fossil feels? well, i think there's 2 things at the russian demand, and at the moment a couple of countries are there in the companies or breaking out of that i think was really, really needed, is, is, is a coordinated response. and people working on this, whether it holds the jury's out. but, but then obviously the, the longer term question is, you know, of does, europe needs russia, gas going forward and, you know, 2 months ago, a 3 months ago would have said, yes,

well, it is a reality to live with for a couple of years or a decade now, not so sure anymore, because on, on the demand side we'll, we'll see a fuel switch to the extent that you can replace molecules in, in heating and, and in power generation. and that will destroy demand for gas. and that's the reality. russia has to live with going forward and, and all of that is massively accelerated at this point as chris, if this does back fire me, see fact fire. i think it is now absolutely inevitable to europe will buy less russian energy regardless of what happens next. but are regardless of it, you know, what happens to sanctions, et cetera. i think that's now that came now to chains for good. but in russia, it's also a case that russia does not want to be as dependent on europe as it's major energy customer, either. and for example, since 2014, when,

when europe started talking about russia at russian energy risk in moscow, the conversation was about also russia's exposure to european cushion and moscow right now is acknowledging to europe is begun to become steadily less importance customer. but asia, china, india ticker, are all gone to become bigger customers and compensate. so the view in moscow is that this is about re balancing it is inevitable to europe will go down. it's not going to destroy the economy, but carry it all depends on, on scale and time. and the urgency to does that this will be rules out a q abilities worksheet for a, for address to natural gas. and what you have seen in just speaking of how it looks like looking right now is that we see we have around the extra capacity going, going, going east into china. that's around at max $410.00 per year. if the

coaches are really, really relied to losses at us as well, but we also see that there is expansion plans already. for example, the poor work seberio, a huge fan in china, which is what am that scheduled to come on at around the $22030.00? it's a, you know, it's late. it's so so, and it's important to have, have that in the have that in mind. i just asked him, now you are, it's just too large customer. they're all plans do seem to be him t. it's now or rather it was before now with the climate crisis have a present. and now these supplies of fossil fuel is uncertain. are we seeing enough effort down that road? well, i mean, i think it's the best time ever. it's too bad for took in europe and those places were government supporters is being wrapped up really ramp off or renewable capacity are not available because of various bottlenecks across the globe. and because of, you know, the knock in effect of a cover crisis still. so, you know,

on the one side we have aspiration and good business cases and, and i guess great opportunity, particular in europe and in the city world. but on the other hand, with a serious constraints when it comes to delivering and, and i guess that's, that's something that, that many european markets have to grapple with going forward and lay. you know, we've been as talk of filling in a short term gap. as you shift from gas with coal, and if we sticking with the climate crisis for a moment to mean this is going to ensure a massive rise in greenhouse gas emissions. jeff, this is, this is really, really bad for environment. you know, if you go back a few years time and at least last 4 to 5 years, you know, e s g in environment has been everything on the agenda. it's been all about environmental time. and now it's t that suddenly it's all about security supply. you know, the cost, whatever the cost you can,

you can burn whatever you find. you can burn, hold the car tires, you can go to whatever you, you have him on. and it doesn't matter. now it's all about surviving in the mixture and making sure that the industry keeps on delivering as so. so environment and price is set aside. and then you have the secure supply, which is the top of the, again, mass amount. you know, so back to the question, just to make sure there is a, you know, if you're looking to renewables, if you look back in a historical can see that the historical average power price in the european union has been around 40 years per megawatt hours. you know, it coming out of call with a coming out of this bore crisis. we see that you're likely to have a, the average forward price with somewhere between 70 and 100 years per barrel times . no, this is huge. this is also the cost at the time of call with an appetite war. we have been having increased the price is $44.00 carbon carbon cost. so, definitely going back to the question regarding renewables. this is really big

business for renewables and you will have that they will basically be a massive cash machine and building renewables and generating power from roots at these levels. at the 3rd, i have to leave an interesting nonetheless, crisis, i'm much dry for renewables in russia. it's, you know, it's been a really interesting debate in russia up to, up to now. we're on the one side, you've got the very powerful kind of hydrocarbon sectors, big oil companies, big gas companies, essentially have been saying that we have simply no idea as to how that will play out in russia as a team. and also when the crisis and but for sure, it's something that will again have to be dressed before crisis. it was a debate, but without any tier conclusion under his companions. and they say one of the problem attacked consumers. well, i think there's a couple things i think the 1st thing that government should be doing is incentivize savings and they're not doing enough at the moment. government across

europe rely on the price to deliver savings. that settings will not necessarily always come through simply because the price is higher for likes and so that the government can do a lot of things. and i would start with industry just to make sure we don't have end up in a situation where rationing is, is important and becomes of the name of the game. and i think european governments can do a lot more here to shelter to shield consumers. but on the other hand, you know, we have a whole policy tool bar income household simply because they are spending over proportional share of their income on energy services. and so there's lots of things that you can do. what you should not be doing is joining us and dress called foul chris that we and lay valve a and thank you to for watching. you can see the program again and its on twitter handle is at a j inside story from me laura kyle and the entire team here in though hawk is bye for now. mm.

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