by the end of this year, european commission present us lavonne de leon has proposed it be done in phases over the next 6 months. it would be a significant step for european countries that rely heavily on russian energy of a new sanctions have also been announced on russian banks as well as military leaders behind alleged atrocities. we will make sure that we phase out russian oil in an orderly fashion. so in a way that allows us and our partners to secure alternative supply routes and at the same time, be very careful that we minimize the impact on the global market. with all these steps, we are depriving the russian economy from its ability to diversify and to modernize 14 wanted to wipe out ukraine from the map. and he will clearly not succeed. don't again, joins us now live from berlin and dominic banning rushes. oil is the big headline here of course, but do tell us about the whole sanctions package that has been proposed by von the lamb as far as we know so far, there are several stages to this and it's not just oil, as he was saying, laura, so 1st things, 1st, some financial instit