synthesis with 2 jacqueline cheated. if you mess sir doors with that make, it's me. if sure of that, sir. jasmine that a pound of tomatoes is sir as old as that i have for at least $0.02. the sub was one milton friedman said, and then you will have jeff said, was sure. so milton friedman asked long dead. but when she entered has nothing to do with our european on russian economy. and he is not an agent of record due to the russian restaurant you autonomy just gave you of what he said is with truth witness. nobody objected truth, but we're coming and the european leadership is ignoring the basic economy, economic principles. they can go and they're actually chosen that when you're going to give me a driving down, the standards of life of their own citizens are getting heat soon. me if we must understand that if we put a cap on it, the prices of russian oil and gas listed. so this will inevitably seem that will

lead to a deterioration of her the, to the energy climate and economic climate across the world. this will lead to further growth all those prices nation. and that's the, like i said before, it will hates the poorest countries hardest to middle class. this is not just me saying it's an economist of their highest caliber are saying the same thing all the time. elian at if no intervention or of of he 2 are through and locking all the energy reserves in one, some country or another will not what he did you explain his problem. we have to realize that you know, what a good don't they 0 in the party got work because of the aggressive promotion. busy on the green, a gender as we have witnessed before, that if you use a book, it is continues to happen. if i don't believe you, brazilian, globally, in the afternoon when we see there is an aggressive promotional firm within energy,

we see that even today, the natural gas sector in europe is the captain under investor to do 3, which is, you know, 20 percent all over again. with the the, what the global economy now. so for us, because of those sanctions really mean 2020 investment in the production of oil and gas is now no, that's certain what's good. smaller than a chill and these investments are now smaller than ah, 15 years ago. yeah, gazelle is it? and this was the way before our is that where you live at our operation in the dorm bass league, and this is all due to the actions over west and politicians. the way to hear that really on a dollar. $2.00 trillion dollars is situ. what the business is are lacking right

now a report. if you have that issue in you, this is lost prophets, it lost surpluses. not though the decision of the old dec loss is aimed at balance again, the international energy market room and math are blaming at opec. lastly of that issue. so scenario, particularly, i know that they're trying to clear, but i'm sure camouflaged their own mistakes. their own erroneous ways didn't, but if i blaming others and then you, oh, now they talking about introducing a cat on the oil prices against russia, but it comprises, are we protected against a pulled up, but camps on prices and other sectors such as agriculture. are you or metal production? are you do like cetera, or maybe they could be introduced against other countries of the world, not just russia. there are no guarantees, little for global. but initially, western politicians are destroying the global economy by their erroneous decisions

. over to him, she lay soon the c r, barring the way towards the name of prosperity for millions. literally for billions of people who are, you may have fear. they beat him. he believes humor village is now pretty put in. you might as to which i think we see that sir, but i see where that was all yeah, it's way the west is actually clamping down on freedoms on that. and now they're clamping down and freedoms of commerce as really to upon looking at your new address in your contract. in western luggage in san trees has cynically bruno. but it's got thrown out, many of the agreements, long term agreements they've had with russia over the past year. like you would do . and i have to say that russia will notice you fools of just the act again against our own benefit. we not just will not new acts are only 2, but which they decrease are standing by, but only providing oil or gas at lower prices. no, we will not 2nd or 2 when you see fit. this will not play by the rules said

by others. if we didn't these to see the wishes, and we will not the shipping to pin it by acts to our own detriment as well. our position is that stability is up at the energy market in that order and more than i guess we should do it yourself. musically you see what could and say in a safe future, not putting all that on people's in the future. as sir can only be achieved by a quick jo gourd, nate at work and coordinated dialogue, junior attribute between all partners and bolts. this is something that we have, we're out with our partners and in the go pick it was, it was like i said before, we just recently agreed which achieved an agreement with our but as they're, that'll go through, it makes into account a long term investment. as well as supply and demand, adaptability is of all sides. should we know that investment is under finances initially in october for no alphabetical shoe. what does that you would need? an oil will be better if, as you to him,

produce to now john tree root and the same under o e, the same are this, the same quantity of oil will be produced as in august, but then it will be decreased. and what i'll do, and we'll, we'll continue to talk with our o, peggy plus partners i and to make whatever decisions required in order to maintain the stability of the market. and this really predictability instability of the market is leave and do our future success. if you, if you gather bowman, will believe 3 colleagues which, when it comes to producing energy or leisure coil natural gas, coal, russia is one of the global leaders. and despite the various sanctions and the st. jo's pressure and the attacks on our infrastructure liberal not said ah bo, down we will. none of us are the words, the access to our own detriment will continue to in the hands, our energy security and our economy. security, you know,

with the production and refining of oil and russia, it is in fact now higher than most of the previous year. and we hope that zoom were planned by the end of 2025, that we genius to increase the production and export of oil or other habits remain at the level that we have at you at. now that you can escape easy mode enough that over the past 2 years of russia's production and refining of oil and gas is, has become very much dependent on the when you're or, and equipment. but in the upcoming years we've plan would assume that if we were to switch to a, to at least 80 percent of our own domestic equipment in europe had you. and we will be able to look at that reduce good enough oil. beautiful, using that as me or that equipment to my milk room and do smoke makes no mistake, our fuel, these products will be in the global market. li,

power of siberia project. lastly, so extreme and many are and other projects are all active. we have the blue stream with well, 30. this is your for the rural you couldn't smelly out of the extreme 14000000000 view. no cubic meters of natural gas a being still transferred to the pipeline. so what, which is sir? what the right you nam, liam frenzy that we're good enough. and in normally the needs the transit that we bloss to do. and because of the attacks on the, the t mobile, i know it's $31.00 and $2.00 pipelines. we could switch those to the pipelines, the black sea, and make those our main goal lifeline, sir that we're transit is to use of the filter or natural gas and that, and the oil to europe through turkey, making turkey into a key energy hub. because europe, of course,

are you doing this up if our european partners are interested and absent and that we know that sir? earlier, we also have to maintain higher security now you will. but now, so liquefied energy we will provide to natural gas, but now it's production and russia has risen by at least 60 percent over the past year. we have the yamaha levelland g u r. s way in your it is certainly buzzing battery. that's what it was working right now. we have projects to develop the arctic the northern p a c route. and that actually would in the will continue to do she enhance the national, our experts. yet as you developing markets across the world, we will expand the geography of our experts all soon, that identify g, b, u roots cheap project server as such as sir power of siberia to and that sir,

a power as part in mongolia as well. of nathan, only the asian and european white years with gas, her friends at infrastructure needs to be connected. i will continue to work on the, the terminals and i transit infrastructure using all the goals have been set and terms of the russian government. i am confident from the will. we do all that needs to be done. now is that you put in your room as well. let's talk about sir. your issue. i know you and payment system support. we know that sir gas prom and char, with china, in contracts with china, has a record of switch to the rubel and the un. what he's going to sunday william and we're using our natural currency is luminary, feeble or transactions. and we're doing the same with the number of other partners . look, friends, russia will continue to be,

you are to have this important part of the global energy market. but our la vidal tasking is to make our energy sector work. all the rest of electron prosperity of the russian people went on for russian regions. it is in towns and villages are on improvement. all the life of lives, of russian citizens, india, and at another strategic route for us is so much lovely, was did to expand and improve the washing, refining all the energy resources in the forest. for example, while we have for the new projects for petrochemical holes and oil to 30 because he courtesy lows show really ag for gas or oil. yeah. natural gas i, if you're like w yes, a violet availability in wichita and those are the social project similar are also on the way we have doing with thousands and hundreds of south thousands of residential areas in the homes if you think now provided. but with natural gas,

could you move it over to where you live with the british, and we know that, sir. yep. next year, if you're on in, well either when it comes to the families with the numerous as well with multiple children that you went up to the veterans, et cetera, and other elderly people are we will naturally have those 1st. and i would like our regents to provide you with subsidies that use these categories of people here for them to be able to. he did lie necessary equipment to use natural gas. and this would be at least $100000.00 roubles. and 4 insured w for some being provided with natural gas efficiency. i know that isn't the issue. this could be difficult for some of the regions, so they will be out in the country, aided by the federal center and the federal budget. so please move loop on like

know to alva. sure these programs and see if many any other steps are required. another important decision that we'd like to make is to add schools to the verification program. roman. but i believe that soon, the government in partnership with gas brown, will make a decision on the supply of natural gas creature, gas to the media hospitals and other key infrastructure. we are city infrastructure in here. so they will have a clean energy and cheap energy available to them on this, especially important in rural regions of russia. if you slept with the number of bradley to program with faculty, especially during the, with the huge number of areas that need to begin to fight. i'd like to expand and extend this program up to the end of 2020, to receive the intricacy steamer. but it was the abnormal passages of the shem.

good russian energy infrastructure abbey are being updated. this issue, this year, a human being with we have a bullish updated infrastructure with or the capacity of over 2 years with a 1000 megawatts in europe. this will allow us to remind you, maintain permanent, our energy prices at the lowest level in europe. let me remind you that in europe they would lease prices have risen a several times over the past months worth in. the bullet, florida, with umbrella with 4 regions where the situation is especially a di, i'd like to develop special approach for support programs and social programs. new friends today, the global energy sector faces in the challenges we've never seen before or was again nearly newly possibly ashley, which is the role. yes. the order with them. western countries made

a number of birth control is decisions that led them into due for a very difficult situation for traveling. and the only way out of this trap is through the media. adequate discussions to on various platforms such as these are russian energy waited to sure. russia is interested in a disabled and a partnership with our friends and partners across the world bridge the land. but i wish we know that the majority of our partners share this approach with pearson. i would like to wish you luck and i'd like to thank you for your attention. thank you .

okay we've just been listening there to the russian leader speaking the start of russian energy week in moscow. and polymer put and did not hold back if you were listening to the last 30 minutes. there are some of the main news lights just to briefly go through here was a combative speech. he started off talking about the lead sabotage of the north stream pipelines handle that jeopardizes european energy security, which was a running theme at to right. his remark, seeing that, as those who did it were caught red handed on, it's highly likely who's responsible going on to talk about higher prices of liquefied natural gas coming in from the u. s. to europe in the aftermath of that as well. he said that rebuilding nord stream as possible and repairing that with time and effort went on this misguided policies on energy over many years in europe has led to the inflation levels being seen effecting people today.

and it's not just done to what's happening today in the ukraine conflict and allied to that as well. just another couple of notes here, a price comp and russian oil, we'll call prices to rise. he said that russia will continue to be a stable partner with those who wanted and talked a lot about economic policies to help russians. first and foremost, those who need it will get gas subsidies as well. so yeah, come bother the speech there by the russian leader. we'll be going through that piecemeal at through the day just to give you the, the main aspects of that as well. okay, it is 717 minutes past 2 pm here in the russian capital. let's go on to some of the big news stories this web and then there's been quite a few ukrainian military intelligence organ lies the cry, me in bridge bombings. now it's according to russia's federal security service. the f s b says 8 people have been arrested in connection with the attack. the agency

also states that explosives were hidden in a truck carrying at rules of plastic sheeting used in building. the explosive device was camouflaged inside rolls of polyethylene, construction sheeting, material on $22.00, pallets with a total weight of 22770 kilograms. and in early august this year was sent from the c port of odessa to the bo gary in city of ruth. while the main point was that this terrorist attack was orchestrated by ukraine spy, chief kitty, a boot don off with the help of a russian ukrainian and armenian citizens. as we heard, 8 of them have been detained so far were still on the lookout for the remaining. for now ukraine's intelligence services over saw the entire transportation and they over saw the bomb transportation. let's have a look at the map they took were now seen pictures of those, the pains, but let's switch it up and look at the roots. that the truck folks,

so there we have it. it started off and the c port odessa. then it moved into bulgaria and they so country and then moved on to georgia, armenia through some russian regions. and then it made its way onto the crime me in bridge. now as with the results of that for people lost their lives ukrainians, and ukrainian officials work static about that was so you training and citizens taken selfies next banner of the bridge. that was collapse and was all specials. the pretty much straight forward saying that what a great achievement this is and what a great blow the says for vladimir putin. even though they were saying all of this, at some point, they even accused russia of blowing up its own bridge, which made no sense whatsoever. but of course, this would go along with the, with a western narrative. we also saw, of course, how the officials, they didn't take official responsibility for this terrorist attack,

but there were so happy about it that not it were there were alluding to the fact that this is a great achievement for them. and even this morning, as early as the morning, once again, they reminded us that this is very helpful for them. and this is something that was on their agenda for a very long time. let's take a listen. no, the see there was the last wish destroyed half of it. and so who was responsible for that? it's very helpful. the cream, we didn't tell you from the very beginning that this bridge will be a will try to, to the story as soon as will be able to the so. so we'll keep hearing it from them . how help for this would be for them. and that they've been planning this all along yet somehow, even though it makes absolutely no sense for any reason that it was rush or the blow up its own bridge. now again, we heard today from the press service of the cranes, the military intelligence. and they're released at suite where they're saying that

while the s s b and russians, investigative committee, we all know that there are fake structures and that to their findings are absolute nonsense. so this plays along and so their theory that they have nothing to do with it and that it is probably russia who did it itself. and the reason why they're so confidence in dismissing these structures and dismissing the findings. it's because they are getting support from western countries from european countries who are not only not condemning the terrorist attack, but there are also encourage and that they're supporting it. they're applauding this attack. some of them are even calling for more such attacks on russian soil. the events of the last days have once again demonstrated the blade and double standards of the collective west. the litmus test was the terrorist act committed by the ukrainian special services on the crimean bridge. a cynical attack on an object of critical civilian infrastructure. in fact, the missions of germany, latvia and lithuania to the

o. s p e justified the terrorist attack on the crimean bridge. so i guess this is why ukrainian officials ok, we interrupt up because we want to return to the russian energy. weak international form kicked off to de russia's deputy prime minister in charge of energy issues. alexander novak, i believe, had just begun speaking to pity, corporate, missouri analogy. transformation when we revisit goals. and the other thing was speaking about the crisis that her present put him was spoken about in his address. well, 1st of all, we see that as it is balance in terms ofa, supply and demand, we see that many markets have shortages, not enough manager resources. we're talking about 1st of all, energy market in europe was a shortage is elva ana, g u power, coal gas and petroleum products. we see that people are queueing on fuel stations.

for number 2 is something that we see as well as high prices, very high prices. we haven't seen those for 50 years, at least the last crisis like that happened the same way in the seventy's volatility. it leads to other critical issues and the prices are high, not only for oil and gas energy, but mattel, to fertilizers many industrial products and goods, which leads to inflation and turn slows down. they've growth economy. and another thing is not enough capacity, no free capacity. as we say, if, for example, in the stiffness shortage or not enough of investments and president was talking about this as well, for example, we used to have $700000000000.00 per year invested. but today we talk in about

300000000000 roubles. sorry, dollars per year, which is not enough with and only several contr, this is moe speaking about oil and gas, it only several countries, half of free capacity to supply to global petroleum markets and that men, so huge issues. so too early today, her president was talking about him other things, for example, speaking about gas. there are several reasons for all of that. for this kind of sedation is the western policy policy of western partners. the want to have me and see immediate benefits and no doubt it's a different kind of policy. they switch him from long term contracts and dependency food. well, and guess they switch to spot prices. this was done intentionally. they decided to switch to new pricing mechanisms. and they've been doing this for decades.

and when spot prices became higher, as compared to whirl and gas surprises, it was a desire to go back to oil one. and we see the result. with another point i want to make is that it's a targeted policy. for many years, we saw that. but i retired from russian gas and european union in the 1st and went full one package, angie package landing another one and another one. and it was targeted at separating their own out of infrastructure and the source advantage of, for example, gas. but in europe and it's unclear why they wanted this to

happen. for example, if we're talking about who took a stream or not stream or yam all europe pipeline, other suppliers about from russia, spots in this infrastructure. this no one so. so some possible to say in nevada with so speaking about competition on the market. but multiple, this resulted as we see in the very fact that this infrastructure is not being used . or there was a sabotage, for example, like in north north streaming. and there's no chance for other projects, infrastructural projects, development for example, south dream for and he remember the were e requirements and everything was blocked kind of goes with. so i'll president, sad earlier today. and by the way it was, it was rightfully sad. that energy, it was a book and economic security and

a well being on the europe for years depended on cheap resources supplied from russia. and that's what the european diplomacy leader present, burrell said recently. so it looks like he starts to understand everything will fall apart in europe or and then sterilization might happen and that will have to switch to all the markets. another reason i mean hays is, remember chaotic use of sanctions. i'm talking about sanctions against a supply of equipment. allen, g projects, supply of energy resources take um oil industry with the sanctions there. and there's an embargo. new in european canada and great britain. sanctions

in a form of a cap for prices or is selling for prices. so all of this, it makes it even worse when we talk about insuring energy security, not only in europe, but globally because of the balance. see is not local is global. if you have this that for source, it's like having water in one glass and taken it to another resume. so in this regard, much as i mentioned in the beginning and there's another trend and it's a global transformation of global energy markets. we see that because of those matters and follow se away, can see that a huge energy streams are re directed to the markets. freight is more

expansive now and it means more burden on consumers. this is a big problem. and today we see it wasn't there before . so new logistic routes and the new transformation use energy streams last but not least energy transformation or energy transitions. and a many talked about that with a quick transition to different energy sources. while people have come to understand that this is not that good of a policy, you know, and i saying no, no one is saying no to renewables. under that energy the, the shale far more clean sources should be increased. but the,

we need to do this smoothly and taken to counter the global consumption of energy. and i believe the, every one realizes not that hydrocarbons will stay there was under. if you take 202186 percent on that energy balancer includes the oil, coal, and gas, and the rest is a solar wind generation. and about 4 percent that snow clear energy. so this balance must be smoothly changed and take decisions so that growing consumption around the world will have cheap angie resources so that it would be possible to produce.