what you think of the deputy prime minister alexander novak�*s sort of prediction that we could see oiloil is rejected on global markets? i mean, look, the number is a bit of an exaggeration but i have been calling for prices well above 150, i have said it will go above $170 if not higher, because yes, he is exactly right about the reasoning, that we just don't have enough spare capacity to offset russian production losses, should all of russian production be lost. but the one thing i will say is that even if europe were to not take russian oil, china well, china already is, and they will only ramp up from here. india is also pretty open to taking russian oil, so total russian production will not be shattered. yes, there is a proportion that is at risk, but we still think asia will step in. by age, i mainly mean china and india, to offset a large part of any losses that stem from europe.— part of any losses that stem from euroe. ~ . . , ,, ., from europe. which means russia will still be _ from europe. which means russia will still be making _ from europe. which means russia will still

and now for some news, just in russia, the deputy prime minister, alexander novak has commented on proposals to cut off russia's oil supplied to the west. he said it would lead to catastrophic consequences to the word markets and possibly causing a surgeon prices of up to $300.00 per barrel or even more. he also mentioned the ongoing disputes over rushing gas supplies, by se moscow could take a reciprocal response and stop gas flow through the nod stream. one pipeline, which currently operates on the 3rd of the ukraine. that would be due to the band on the nose stream to gus by going, but he said that wouldn't happen. just on a prime minister in my car has hits out as a joint letter from western and boys calling for pockets done to condemn russia's actions in ukraine. the country, which is a traditional ally of the west, abstain from voting as the un general assembly reprimanded russia for his acts in ukraine. as heads of mission to the islamic republic of pakistan, we urge pakistan to join us in condemning russia's actions. what do you think of us or we are slaves? that whatever you say, we

officially informed us that they refused to cooperate orders in europe ration deputy prime minister alexander novak says, moscow is closely monitoring the repairs, but the incident does mean that oil expose will be drastically reduced for weeks goes to the groceries near to his thoughts it's only narrower, this is a serious negative situation for the global markets as a whole, because a large volume of oil was transported to wild markets. through this terminal. from our site, we're monitoring the situation and along with federal and regional authorities and the energy ministry doing everything to repair the damage as soon as possible. for some time, perhaps the 6 weeks supplies through this pipeline will either be reduced 4 or 5 fold or completely stopped on the left. it again was for may u. k prime minister gordon brown is calling for the creation of a new international tribunal to investigate the russian president and those who helped plan the military operation in ukraine. clearly one of the options is for ukraine to say that if there is peace than they withdraw this demand, the president put hi

. >> are you still in conversations with the russian energy minister, alexander novak?on the negotiations? >> yes, i have been in contact with alexander novak after the breakout of hostilities on febrile bird 24th -- hostilities on february 24. we discussed the situation as of that time and he assured me that they will continue to cooperate with opec, they will continue to participate in the opec declaration of cooperation -- the opec-non-opec declaration of cooperation. haidi: the outgoing secretary general of opec speaking to bloomberg. up next, rimage corporation's soo kim --the rand corporation's soo kim joins us to discuss geopolitical ramifications. this is bloomberg. ♪ ♪ shery: south koreans are set to elect a new president after the phthisis campaign since the shift to full democracy 35 years ago. the democratic party candidate lee jae-myung is calling for investments in green energy to reduce nuclear power, a formal end of the korean war and additional radar to counter china. his opponent, yoon suk-yeol is from the conservative people party power candidate who

japan, it is necessary to block this channel very hard last week, russian deputy prime minister alexander novakur country is considering the possibility of seeing an erbarg for the supply of uranium to the united states, more than half of all uranium that is used in the united states washington imports and the leading supplier of this energy resource to russia, the reserves of the combined uranium are vital for our nuclear reactors and there are only two sources of russia and the ministry us energy and if you do not take urgent action. then we will be in terrible dependence on russia, and about two weeks ago, the russian government limited timber exports to unfriendly countries, including the eu and the usa, as explained in the ministry of industry and trade, we are talking about birch logs for paper production, as well as blanks for plywood and fuel chips, according to the federal customs service. last year. our country has sold such timber to other countries worth about half a billion dollars, of which more than half went to finland, another restriction may appear in the export of our grain,

we heard from the deputy prime minister alexander novak in a televised conversation late on monday.had some things to say, a very subtle threat. lisa: basically, we can close this, if you are going to start censoring all of us. we can simply eliminate your source of gas. a lot of people are sort of dismissing that because that would be more catastrophic potentially for russia than for europe, but i do wonder if that is potential for them to make investment in russian energy companies during this period, so perhaps the u.s. and the european commodity companies are fleeing. jonathan: the economic question i think is something the administration is considering, and they are right too. are we trying to hurt the russians without hurting ourselves? are we hurting ourselves without actually hurting the russian economy? then there is the moral question. i think the moral question has become a much bigger one in the last couple of weeks. do we have a moral obligation to step back from russian energy, even if other people carry on buying it? tom: i think the answer has been had. jonathan: con

had alexander novak coming out and basically saying that yesterday, deputy prime minister to president putin, their chief energy diplomat, until he was appointed deputy prime minister. he is a cheap opec-plus negotiator and he came out on russian television yesterday with some fiery words, almost threatening to use nord stream one against the europeans, which is flowing every day to heat european homes, but also saying the united states and others refuse our oil, we have other places to send them, and likely other places to send them is going to be china, which we even saw during the pandemic start to hoard fossil fuels. tom: in your world, there will be a balance of politics, and the politics is basically let's produce more oil. there is another side which says we have a long-term commitment to climate, to esg. how will that play out in the next 24 hours? annmarie: this administration is going to want to emphasize the esg part or the sense that we should be putting more money towards things like solar, wind, nuclear, the technology that the unit states has that could potentially mean

according to russian state media outlet tass, alexander novak warned monday that if russian oil was rejectedobal markets, prices could skyrocket to $300 a barrel, even $500. that is far above estimates from any analyst or expert cnn has spoken to. mr. novak also said europe does not have a substitute for russian oil. on that point, he may be right, at least for now. but the eu has made clear it wants that to change so russia can no longer wield the weapon of energy dependence. anna stewart, cnn, london. >>> well, countries around the world are pitching in to help ukraine. but as aid pours in, delivering it throughout the country is becoming increasingly more dangerous. cnn's melissa bell explains. >> reporter: from all over the world, boxes of donations, food, medicine, and clothing now piled high and being sorted by volunteers in a disused warehouse in a polish town not far from the border of ukraine. >> at the beginning, i was really surprised that so many people want to help. but now i think i am used to it, you know, how wonderful people are. >> reporter: donations that ukraine desperate

alexander novak.er the break up of activities on the 24th of february, i placed a call to him and we had discussed the situation at that time. and he assured me that they will continue to cooperate with opec. they will continue to participate in the opec declaration of cooperation. so, that was comforting. rishaad: the outgoing secretary-general of opec speaking to our very own kriti gupta. let's keep this conversation going on oil. look at the impact of the u.s. ban on russian oil. kristine berzina, thank you for joining us. let's kick things off with a look at some of the mechanics. we want to see the u.s. and the u.k. looking at ways of embargoing russian oil. at the same time other countries are condemning what is going on in ukraine and russia's attack therein. while also buying energy. isn't that really hypocritical given that russia is using those funds to protect -- to perpetuate and fund the war? kristine: this has been a conundrum for the u.s., for europe. on the one hand they have put in sa