with russia under pressure and with its head down bulgaria is not for sale bulgaria will not yield at any price to a non-commercial counterparty or a third party, as for deliveries to serbia and hungary, bulgaria is a true partner for everyone neighboring countries, bulgaria is not russia gazprom, as we all know, has announced its intention to cut off gas supplies. i would like to make a few things very clear, first, the bulgarian government is ready. to this no there will be no reduction in gas supplies to consumers at the ministry of energy. there is a clear action plan. including a plan for alternative sources. termination of gazprom supplies is a violation of the contract and blackmail, the purpose of which is to force bulgaria to use the payment scheme in rubles. we will not fall for this track. bulgaria will also review all contracts with gazprom. including contracts for transit through bulgaria fonderman. i spoke, who said that the unilateral violation of the contract between gazprom and bulgaria is not only a problem bulgaria is a problem for the entire european union and the

that is, bulgaria for now. now there is no alternative. yes historically never had.s no reception terminals, no alternative, uh, gas turbine pipeline routes, so, uh, there is a critical dependency. there are more than 70 more than 75% it is, of course, nothing good, the bulgarian economy, and in general, the situation in the country is not a promise. about 10 european states have already declared that they are ready to pay for russian gas in rubles from your point of view. how many european states can take an alternative route to follow the example of poland and bulgaria and now completely abandon deliveries of russian gas but if by the word alternative route we mean simply refusing to pay for participation in the scheme for paying e-payments to gazprombank accounts, then this is not an alternative route. uh, there would be a materative route if they offered their own option or if they had a really fuel alternative. e, as there, let's say reserve capacity or use nuclear energy there, or a there may be additional alternative sources of gas supplies, but the countries

same goes for bulgaria, bulgaria, import 3 b. m cubic meters from a russia which makes 90 percent of gas consumption. but since gas in bulgaria is predominantly used for eating, which is not necessary in the season, then the country can cope with the situation. the short term also because lastly, the grease bulgaria interconnect or a new pipeline will be open these here, which will be very important to the nurse in the storage of gas in bulgaria and get the country prepared for next winter simona. clearly, this is intended as a signal by the kremlin to the rest of the block. how much of a warning do you believe it is? this is a seal, both the poland and bulgaria ev contracts. we've got from that where, in any case, expiring vizier and both countries said they didn't want to renew them. so got from here, russia is sending a signal to other countries, starting with germany about their rouble. they meant request. i think the biggest threat facing europe now is that he's got fragmentation is the risk of certain companies are followin

of the contract between gazprom and bulgaria is not only a problem for bulgaria, it is a problem for the entire european union and response will be joint. what are the consequences not only for these two countries, but also for the whole of europe? we are getting closer to tightening energy relations between russia and europe. this is an important point. now we are talking about two relatively small consumers in europe but the main question is whether this is a signal for larger gas consumers like italy and especially germany and germany has become the target of criticism due to its continued dependence on russian gas 40% of its needs in the gas covered by moscow germany says that she we need to continue to buy this gas, they estimate the government, without it the german economy will lose 200 billion euros and 6% of gdp. they simply can not afford it. this decision to cut off gas supplies to poland and bulgaria shows that moscow is ready to play jozko. we can see interruptions in gas supplies throughout europe and this will be a real test for european solidarity that is why no one f

bulgaria complies with all agreements with gazprom.cluding the transit agreement, unilateral arm-twisting actions are unacceptable in the whole european situation. so, underground gas storages are filled with less than 30%, earlier the european commission proposed to introduce the norm for customers in ghgs by the first of november. they should be 80% gas, and the next years already 90, in the meantime. greece is going to broadcast on energy. this became known immediately after the decision of gazprom to stop deliveries to poland and bulgaria in italy clarified rome receives gas on a regular basis according to bloomberg at least 10 european buying companies. the telecoms of russian natural gas have already opened accounts to pay for fuel in rubles the expert is confident that a complete rejection of our raw materials, even two countries, will negatively affect the economy of the whole of europe. after all, they will pull over part of the fuel and neighboring states and the rise in energy prices will continue. alexander thank you alexan

poland and bulgaria opposed. now.azprom is experiencing a gross violation of the contract and blackmail to force them to use a payment scheme not provided for in the contracts through third parties, which does not guarantee either the supply or the safety of bulgarian money. here, of course, the bulgarian prime minister frankly invents for half a century that russia supplies gas to europe, there was not a single case that we were paid, but they did not receive gas, but there are cases of violations and rewriting of contracts for political purposes in europe, even from the contract - this is not the holy scripture , it changes regularly, but they pretend as if not, here are 50 years and the same contract and russia does not waive its contractual obligations volumes of pricing formulas, all the basic conditions remain the same, and even changes in this currency calculation, and it is also really insignificant for the company that this can be seen in this way, not only in the example of hungary, no objections. the new sc

, this is a very strange decision, because bulgaria is already like that.act, stepped on a rake, when, just, er, she refused the oil flow of burgas alexandropollo, she left it with no fines i am now receiving money for oil transit. and another such step is strange, that is, an attempt to win some political dividends are dubious, and economic dividends will just be received by russia after that, because at the moment the price jumped by 25% only today for the first time for the first time the special operation has been growing for 2 days in a row russian market. at 10% and relevant to this, just the shares of the oil and gas sector are growing. this, with other, e other, missing news about the truce, is just directly and says that that e gazprom the whole thing now is correct and very strange. mm, in fact, these countries have small gas supplies. uh, while the others are there, as you said, more than 10 countries have already opened accounts with gazprombank, in fact. russia, reducing production, will start earning more and more in the twentieth year. it’s e

bulgaria is provided with gas for a month in advance.can long enough meet the needs of fuel consumers. we need alternative sources of supply, bulgaria hopes that these alternative routes will be guaranteed at the level of the european union alternative sources. this is mainly the export of russian gas, which passes through bulgaria in transit. experts predict a thirty percent increase in fuel prices on the domestic market, which will only spur general inflation in sofia and other cities of the country. truckers block streets demand government to cut car prices fuel and refuse to raise tolls on the roads. if this is not done , the carriers promise a nationwide protest in may with the blocking of the main highways. anton dadyn lead. vladimir putin signed a decree on which he awarded state prizes named after marshal of the soviet union georgy zhukov, let me remind you. the zhukov prize has been awarded since 1996 for achievements in the field of military science, the development of weapons, as well as especially significant works of literat

and this will make it possible to compensate for the cessation of supplies to poland and bulgaria to stabilize the russian economy. this year, more than 4 trillion rubles of additional budgetary spending will be required, the chairman of the accounts chamber said. alexei kudrin, he noted that according to preliminary estimates of the ministry of economics. the economic downturn will be 8.8%. in addition, alexei kudrin announced the basic forecast for inflation. even according to preliminary estimates, inflation this year, according to the basic forecast, will be 20.7%, and next year. it will not be small more than 6%. accordingly, it is immediately necessary to evaluate our, e, tasks in social policy, what will be indexed, what will be leading indexed or may be lagging, and how to distribute our share in avtovaz to buyers, most likely, will become the research automobile and automotive institute, as stated head of the ministry of industry and trade. denis manturov almost 68% of the concern's shares will be sold at a symbolic price of 1 ruble. well, with an option for five or six year

russia has suspended deliveries of natural gas to poland and bulgaria. it was because both countries have refused to pay in rubles, a requirement set up by the kremlin last month. the move marks a major escalation in russia's comic-con over the war in ukraine. european leaders have denounced moscow past decision as black male. the latest move in the conflict goes beyond the battlield t the gas pipelines and to europe in what has been seen as an aggressive move, russia has cut the gas supplied to poland and bulgaria. this russian energy giant said it has turn off -- turned off the gas supply. the kremlin demand that bills be paid in its own currency as a response to international sations which left it unable to utilize foreign currency. those immediately reflected -- affected were quick to respond. having built up reserves and implied that poland preparations including an alternative baltic pipeline may help the eu wean itselfff russian energy. >> let me remind you that we have interconnected to germany and the czech republic as we as our gas terminal whi

bulgaria in particular nets input. bulgaria in particular gets 90% _ input.cular gets 90% of _ input. bulgaria in particular gets 90% of its _ input. bulgaria in particular gets 90% of its gas - input. bulgaria in particular gets 9096 of its gas from i gets 90% of its gas from russia. the european commission president says don't worry, europe can cope, we can fill this void. europe can cope, we can fill this void-— this void. can they? well, i think it's — this void. can they? well, i think it's always _ this void. can they? well, i think it's always a - this void. can they? well, i l think it's always a possibility to reorient imports from different types of providers. the key question though is whether the infrastructure is in place and whether there is capacity in other providers and thatis capacity in other providers and that is a big uncertain point at this point in time so i think while there is that possibility in theory, reorienting imports, given the magnitude of imports into bulgaria and poland, it's going to be very difficult to replace that and re

but bulgaria also opposed the new payment scheme. she had no plans to renew the contract, which ends on december 31, according to which the country received about 3 billion cubic meters a year. although now the bulgarian ministry of energy. he says that gas supplies to bulgaria are guaranteed for the next month and they promise to tell the details within a day sofia expects that the eu provides an alternative to russian fuel in general in europe the situation. as such, the underground gas storage is less than 30% full. earlier, the european commission proposed to introduce the injection rate into ghgs by the first of november. they should be 80% gas, and the next years already 90, in the meantime. greece convenes a meeting on energy, this became known immediately after the decision of gazprom to stop deliveries to greater bulgaria, italy clarified that rome receives gas on a regular basis. checked the complete rejection of russian fuel even the two countries will have a negative impact on the economy of the whole of europe. after all

bulgaria also opposed the new payment scheme.ofia said that she did not plan to renew the agreement, which ends on december 31, according to which the country received about 3 billion cubic meters a year, they expect the eu to provide an alternative to russian gas, gazprom even returned money for fuel. they were in dollars and the country did not open an account for payments in the russian currency. spiral on gazprom gas, the termination of gas supplies by gazprom is a gross violation of the relevant agreement and blackmail implementation of the plan to pay for gas through rubles through third parties, which does not guarantee either the supply or the preservation of bulgarian money, bulgaria complies with all agreements with gazprom. including the transit agreement, unilateral arm-twisting actions are unacceptable. in general, in europe the situation is that the underground gas storage is less than 30% full. and earlier the european commission proposed together the injection rate for cg, so by november 1 they should have 80% of

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 m

witness bulgaria and poland this morning.nk andrew is very measured about the titanic uncertainty. how do you do a forward view on a soda pop company? jonathan: and how do you compare to 2011? i think that is tough. tom: i never played that. and where the central banks are, you know, take it as a tailor rule or some of the other work. cooper lighting it up as well. your encyclopedic knowledge of shakespeare takes me back to "the tempest" and stefano. this is 1623 this is first published. i'm sorry, stefano -- jonathan: do you have a chair? tom: stefano was long tesla at the time, so he needed to pay all of his debts. jonathan: is that it? is that the value add? tom: huge value add. jonathan: thank you, tom. i grew up in shakespeare country. shakespeare country is thick -- is the county of the shire. a great shire. tom: have you been to stratford and all that? jonathan: of course. used to have a restaurant that way. the nasdaq up 1%. from new york, this is bloomberg. ♪ lisa: always learning something new. i'm lisa matteo. natu

is not just a problem for bulgaria, naples, lam, sellable got it. this is a problem for the whole of the you that and the response will be united who threatened the days, fish to but adopt, including his hopes were echoed in a strongly worded tweet from e u commission president or sla fonda lion. i'm gas pens, announcement as another attempt by russia to blackmail us with guess we're prepared for the scenario. we are mapping out our coordinated e, you response europeans can trust that we stand united and in solidarity with the member states impacted by offering to deploy british british foreign minister liz truss, called on all of europe to cut off russian energy imports. a plan that is in the pipeline. although russia might try to preempt that move, it has just stated that it might hold the gas to other you countries. so germany is also racing to count its dependence on russian fossil fuels. it's economy minister, a warrant that berlin must diversify its energy supply all be left defenseless. does your, the solution? it would be cynical if big and

he is cutting off the taps for poland and bulgaria. question looming over europe, especially germany, is who is next and what are we going to do? right now time is on europe's side in the sense we are getting to the summer months, they don't need as much natural gas, it has been a warm april, february, they have a lot of supplies right now. but putin is essentially getting ahead of what he knows is coming. these are critical months for europe to build up their storage, so they have enough gas when it is cold in october, november, december. this is going to be difficult, which means you are going to see tons of lng from the united states going to europe and other friendly countries. lisa: a lot of people are saying the u.s. is the swing producer, particularly of natural gas and you are seeing shipments climbed to record highs. much has the biden administration supported that, spoken about how important that is to support national security globally? annmarie: they have spoken about this quite a lot, about how the united states is now thi

the energy minister of bulgaria says that both between bulgaria and gas problem, so very annoyed by this, saying that the issue is being used as an economic weapon, but telling their own population or his population that the non delivery of gas to bulgaria does not mean the stopping of trends, it of gas transiting through bulk area and the u. institutions are looking at alternative sources. but off the russia, which account to around 2 thirds of you, gas import the net and gets just on the half it's supplied from russia via a pipeline which crosses bella roofs. shield. rob is a specialist on european energy and chief analyst commodities at s e. b. bank, he thinks the poland is ready for this, but the rest of europe may not be. that is why they exit dear or year and the deficit of energy in general and natural gas specific in those order to all the questions on the solutions. and i think rushes em statement here, states very, very specifically. if you don't pay in rubles, you're not going to get any gas. but there are some, ann ruba last remaining ukrainian army positions there with 35 ai

agreement on gas transit through bulgaria because one-sided blackmail is not acceptable . the polish president has promised to take legal action but the prime minister is insisting there's no immediate threat saying storage facilities are three-quarters full higher than in most of europe. >> as i've emphasized many times poland had previously prepared to diversify supplies and obtain gas from various sources even before the baltic gas pipeline is launched we'll be able to protect our economy to protect polish households from such a dramatic step by russia some warsaw residents if not all seem reassured this man says shutting down gas supplies might end up harming russia he says his country has reserves while this woman wonders how much polls like her will have to pay for developments linked to the ukraine war saying things are already incredibly expensive the eu's biggest economy germany has been the most reluctant to end gas imports from russia but on wednesday it said it was speeding up efforts to find alternatives including liquefied natural gas. >> i can say that our r

the european commission, ursurursula vonderlein , that the cessation of gas supplies to poland and bulgaria is blackmail. this is not blackmail, russia has been and remains reliable 100 seconds of energy resources to its consumers and russia remains committed to its obligations under the contract new methods of paying for the need. this new methodology was prompted by the theme of unprecedented hostile moves swirling the economy and the financial sector, which were undertaken by non-friendly countries against us, this necessity was dictated by the fact that, as you know, they blocked us from speaking russian and stole a fairly significant amount of our reserves. and all this required a transition to a new payment system, so no blackmail. there is no talk in advance of all these new modalities were brought to the attention of buyers by such a definition. maxim bitterly disagree , the president repeatedly explained to his interlocutors and during telephone conversations, such as face-to-face contacts. that de facto nothing changes for our customers? the only requirement is to open two new acc

she refuses to supply gas to bulgaria does not mean the termination of transit through bulgaria natural gas supplies. hungary is going smoothly. in accordance with the contract and schedule, our account opened with gazprombank will be carried out. transfers in euros, and then there will be a currency exchange from the amount in rubles will be transferred to gazprom export premier urban said that for his country, gas supplies are a little more a matter of economic survival, and equivalently replacing russian energy resources. nothing, soon the time will come for other european countries to pay for april cubic meters roman sobol valeria sokolova vyacheslav zubarev ntv television company today, a long-term priest was suddenly resolved with an appeal from an american prison for the russian pilot konstantin yaroshenko , he was exchanged for a us citizen who was serving in russia from a rose attack on a policeman, the exchange itself turned out in the spirit of a spy detective. the best details. we will find out now. at vladimir kobyakov's oh well, this is news about iroshenko. today was real

through bulgaria .al gas supplies to hungary are going smoothly. in accordance with the contract and the schedule , transfers in euros will be made to our account opened with gazprombank, and then there will be a currency exchange and the amounts in rubles will be transferred to gazprom export premier urban said that for his country of gas supply, there are a few questions of economic survival , but equivalently replace russian energy resources. nothing, soon the time will come when other european countries will pay for april cubic meters roman sobol valeria sokolova vyacheslav zubarev ntv a television company in the ministry of defense this evening reported new data on the course of a special operation to protect the inhabitants of donbass, the official representative of the department. igor kanashenko. in particular, he noted another successful use of high-precision weapons. during the day, it was possible to hit 17 military facilities of ukraine, strikes were made on 15 districts where troops and equ

this is expected to have higher gas prices for bulgaria. it's much more difficult situation because bulgaria is dependency on one source is much higher. it's close 90 percent, and for bulgaria, a mean it will mean that they will desperately look for reverse flows from the rest of europe. part of the european solidarity to provide gas supplies to this country on, on the edge. this is going to hurt. definitely russia because there will be no payment . this is a continuous policy of now payment intervals. russia will not require funds from the gas supplies. but is this also a warning charge? the rest of euro, specifically to germany, that is now it's slowly shifting its policy on sanctions, especially sanctions on oil, where poland is able to provide assistance to, to supply oil through special port delivery, you know, and, and, and, and the pipes that will deliver it back to some land in germany, so it can be considered as a, as a strategy of russia to weaponized energy supplies and to hurt your a, but her europe is much more resilience than,

yes, along the way it will remain in bulgaria, and bulgaria is so incredibly cool it will say, damn ite us for rubles, they are all these countries of poland, we are ukraine bulgaria, we all say we are cool, we buy gas, not russia may also have russian gas, but you don’t know for sure in russia, i just have such an assumption. it's not twisted. i mean, not ukraine, i'm not bulgaria, definitely not. these are very cool those who are doing. with these schemes, because you understand that you need to negotiate with an intermediary who will be european, you need to agree on a price. and here it is necessary in this price for a thousand cubic meters. dollars five six 10 pawn, which will be sent to a consulting firm that advises such a complex purchase scheme. so i congratulate you that the poles have now opened such a field for business and the bulgarians also in this sense, well, you have a wonderful trio. i think there will be more people who want exactly for those who have democracy flourishes moldova, for example, here, yes, in those countries where democracy is such that you can check

bulgaria bulgaria will be happy to facilitate the export of ukrainian electricity to our country. great opportunity to get additional capacity for you the money you need so much and capacity and money is what bulgaria itself is likely to need soon refusal to pay gazprom in rubles has already led to the country being cut off from fuel supplies one of those countries in europe that is highly dependent on russian gas, its share in the consumption of 77% of the total , the country needs 3 billion cubic meters of gas per year. now this volume will have to be looked for somewhere else. the solution has already been criticized by the president of the country , the most important thing for us, what will be the price of gas cynically in the most energy-poor country of the european union with the poorest population ? can pay more as supreme rune commanders. radius condemned and a proposal to supply weapons from bulgaria to ukraine, therefore, the issue in the country is still subject to heated debate. aleksey golovkosti. the gap between society and legislators has demonstrated and the decis

bulgaria is learning to live without gas.oes ukraine call russia like that in pridnestrovie, drones fly very often, especially from ukraine, in order to be able to take and capture pridnestrovie somehow cope, they managed no matter what happens after such provocations, a report from the spot, he opened the castro brothers for the soviet union, lieutenant general of the svr nikolai leonov passed away, all the subtleties of the introductory companies 20-22. exclusive interview, ministers. alkova in the name of kirzade features of the summer tourist season to buy a tour ticket abroad, and fail to return the money. all the tasks of the russian special operation will certainly be fulfilled. and if someone from outside tries to intervene in ongoing events, then the answer will be lightning fast about it today, vladimir putin warned at a meeting with members of the council of legislators in st. petersburg , the president spoke about the captured foreign mercenaries, they will soon be shown to the public and about the large-scale con

these are bulgaria and poland a.c meters gas per year of consumption, approximately 22 billion cubic meters of gas. e gas, per year of consumption 10 billion. they are consumed from the russian federation 5 billion. they take away from wine. the mouth is, respectively, their lng terminal and 7 billion. they take it from the european union. basically , one is taken from nord stream, that is, they are driven from germany, respectively, in transit, and completely replace the falling expenses, but this is still 10 billion. it is impossible from the word at all. that is, most likely, they will have to do what ukraine's exports did. that there they will also drive gas through yamal and europe. this is the main supplier of gas supply further rests on germany, they will deal with. then buy the same gas, only for that it is paper. well, even if it is not real, it will not affect gazprom's income in any way; moreover, gazprom's contract with germany is more expensive, therefore, from this point of view. accordingly, they still

. there will be no supplies already today gazprom has completely suspended the pumping of gas to bulgaria and poland in the belgorod region detained saboteurs preparing an attack on the railway, along which military echelons go to the special operation zone. the us said that iran could create a nuclear bomb in the coming weeks. they believe that the catalyst it was trump’s wrong decision, upon exiting the us nuclear deal, iran separated the development of nuclear material suitable for creating a charge for a year or more, now it’s a matter of a week. russia has imposed personal sanctions against half of the members of the house of commons of the british parliament. how much has the cost of car maintenance increased and why, if an alternative or better to immediately switch to domestic cars, there will always be kubans turned to the government with a proposal, the purpose of which is to make our apples more affordable and competitive. what measures can be taken to achieve this? the russian foreign ministry today announced its great diplomatic success russians exchanged for konstantin yaros

bulgaria in particular gets 90% of its gas from russia.n commission president, ursula von der leyen, says, "don't worry, europe can cope, we can fill this void." can they? well, i think it's always a possibility to reorient imports from different types of providers. the key question though is whether the infrastructure is in place and whether there is capacity in other providers and that is a big uncertain point at this point in time so i think while there is that possibility in theory, reorienting imports, given the magnitude of imports into bulgaria and poland, it's going to be very difficult to replace that and replace that rapidly via other sources given the infrastructure and capacity constraints. and what about where you are in the united states, any impact on gas supplies there? we're not seeing any impact in terms of supplies but we are seeing repercussions in terms of prices. natural gas prices have also risen of late. that is a function of essentially this tension and increase in sanctions that we are seeing in europe filtering t

country that depends much more on russian gas than poland and bulgaria. the idea is that more countries pay in rubles and thus support the ruble exchange rate. in fact, this is a signal from germany and austria to see if their companies will go for it, i hope no, no oksana, according to the experts, did russia manage to achieve those goals with these steps, using such a method, and actually intimidate europe and achieve what putin really set himself after gazprom cut off poland and bulgaria we saw that hungary, as well as some companies in austria, germany, and italy, declared their readiness to make overpayments for gas in rubles. and this is a bad signal for the unity of europe, i was told about this by a british energy analyst - ana, however the expert advises to wait until the legal evaluation of such actions appears, and the company's evaluation of the situation by the european union has generally failed. i would say that russia wants to see what will be the strong reaction of the european commission, or whether they will take russia to court, becaus

these are bulgaria and poland a. about 10 billion cubic meters of gas per year of consumption, about 22 billion cubic meters of gas per year of consumption 10 billion. they are consumed from the russian federation 5 billion. union basically one from nord stream, that is, from germany, respectively, is driven in transit, and completely replace the falling costs. well, actually 10 billion is impossible from the word at all. that is, most likely, they will have to do what ukraine did for export. that is, they will also drive gas through yamal, and europe is the main supplier of gas supply further rests on germany, they will deal with. and to buy the same gas, only for that is, it is a paper reverse, not real. well, even if it’s not real, it will not affect gazprom’s income in any way; moreover, gazprom’s contract with germany is more expensive, therefore, from this point of view. accordingly, they still take the german gas. here, uh, and from on volumes. gastrong will not affect in any way, that is, such a ukrainian sce

exactly, exactly, that, that's a good point, but bulgaria can get their yes from us over john. now we see that they are signing more long term contracts. acid or john and gas. okay. at, chris says, look at russia and why it's insisting on these rubles payments in the 1st place. i mean, i understand that gas problem already has to sell 80 percent of its foreign currency earnings for russian currency anyway. so why is it insisting on more of these rubel payments? yes, actually just very quickly and was previous speakers said i did the reason why russia has targeted poland and bulgaria is exactly as you said. these are the 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 bessie 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 big

these two contracts, poland bulgaria both expired.is showing that this is what russia intends to do if contract deadlines arrive and companies have not paid -- country's the page rubles. we are expecting to see reaction from the european union, from germany, the netherlands and italy, as to how they will deal with the situation. whether they will change the approach or facebook to putin and put in place -- face up to putin and put in place -- there will be an impact if we suddenly see a cut off in russian gas supplies, even though the weather isn't cold. tom: bloomberg editor rachel morrison, thank you for getting that dust us up-to-date on that decision for putin to weaponize gas supplies. we will stay in the story, gas prices shooting up as well as oil. the company beating estimates for the first quarter, joining us as nick walker's of the ceo of london energy, -- lundin energy. let's start with this geopolitical story and that decision by putin to cut off poland bulgaria. we focus on the short-term impact, what are the medium-term

first lay, why have poland and bulgaria defied russia demands? what we see is that pole in bulgaria are both, most of the most radical planning to diversify its energy in force. so basically what they stated that was there will be no, no rush to call in 2 months time. it will be no russian oil by end of $22.00. and it will be no expense loan. their rush, natural gas congress, which is about to expire. and the majority of natural gas from russia. exactly. exactly, that, that's a good point, but bulgaria can get their yes from us over john. now we see that they are, it's on the moral the found 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 targeted poles and bulgaria is exactly as you said, these are the 2 countries that have been more pro active in looking for alternative sources, ice at the end of the year. so it allows russia, therefore, opportunistically to make a point to, to bessie said to the other countries. we can do the same to, to you, even t

she assured the leadership of poland and bulgaria, to which russia cut off gas supplies, that a united europe will definitely help them, and at the same time emphasized that the european parliament calls immediately introduce an embargo on the supply of energy carriers controlled by the kremlin well, and then another quote from ms. matsola. the time has come to get rid of dependence on autocrats once and for all. well, europe is also running away from this, getting off this gas a hook that russia once prepared for them, well, now then planted, well, now i don’t even know what to do and you are ours and we are yours russia introduced sanctions against almost three hundred british parliamentarians, the ministry of foreign affairs of the country informed about this decision to go to russia because they took part in the introduction of anti-russian sanctions and contributed, according to the agency, to the groundless incitement of russophobic hysteria in great britain british politicians came under restrictions after the fact that the government of the country included 386 deputies of the

does not mean the stop the stopping of transit through bulgaria. so obviously a lot of countries are having to reassure their own populations. poland able to say the containers a full to around 75 percent of capacity in the long run. it's unclear what this will mean on the lion. i said the e u is working with member states to try to secure alternative gas supply. and she mentioned to deal struck this year with the united states for liquefied natural gas . but it, some countries like norway, but people are looking to as an alternative to russian impulse. so the norwegian phone var and again on wednesday you had said, but it's producing as much natural gas as it possibly can. at least in the short term, it can't increase its output. as you heard, prices have with an in the last few hours. there's already an energy crisis in europe with consumers pay, seeing that bill is go up dramatically. so there's this worry about gas supplies, but that's not the whole picture. of course, there's the oil supply issue as well. and the you saying that the hopeful bu

gazprom from that day on, completely suspended gas supplies to bulgaria and poland, such a step had ton after warsaw and sofia refused to pay in rubles and did not paid for the gas on time, bulgaria received about 3 billion cubic meters of russian gas every year, which fully covered the country's needs. poland bought half of the consumed gas from moscow. well, gazprom was warned that the company would reduce transit to a third country if sofia in warsaw tried to take gas in an unauthorized way amid news of the suspension of supplies to bulgaria and poland, the price of gas in europe this morning jumped immediately by a quarter of one cubic meter worth over 1300 dollars. meanwhile, germany's largest energy company, e, admitted that it could switch to paying for russian gas in rubles as early as may, and the austrian chancellor said today that vienna had accepted russia's conditions for gas payments in the russian national currency. the austrian company omv accepted the conditions for payment, the same was done and in germany the conditions do not contradict the sanctions for us. it was

gazprom announced the suspension of deliveries of blue fuel to poland and bulgaria and warned that inent of unauthorized withdrawal, transit through these countries would be reduced by the same amount earlier , the state oil and gas company announced the prospect of stopping supplies. poland the day before. she received a letter of warning we are talking about the execution of the yamal contract, its final version was signed 12 years ago and was supposed to be valid until the end of the year gazprom reminded buyers that april 26 is the deadline for paying under the new scheme since april, russia has switched to gas payments. in rubles, foreign importers from unfriendly countries must send payment to the foreign currency account of gazprombank, then the funds are converted into rubles and returned to the exchange bridge to the bank. and only then they are transferred to the supplier and the commission recognized that in fact. such an option would not be a violation of the sanctions, but some countries, including poland, have repeatedly expressed their unwillingness to switch to the new

fonderlein has already left and has already stated that stopping gas supplies to poland and bulgaria is blackmailing brussels was ready for such a step, she said and prepared the appropriate one. it is not yet clear what answer this answer will be, but it is known that poland, for example, intends to seek the introduction of certain taxes on receipt of russian energy resources from european countries belgium, in turn, continues to insist on the regulation or freezing of energy prices at the pan-european level. in addition, the kingdom has applied to the european central bank with a proposal to create a fund. helping countries fight this crisis, french legal activist today publishes expert opinion that says europe is preparing for winter without russian gas gas infrastructure operators are preparing for the scenario when russian gas is next winter will not, in general, the scenario of the european commission to replace russian gas with an increase in imports of lng and biomethane. perhaps too optimistic. in fact , it will be necessary to fight for every billion cubic meters in the uni

they notified both poland and bulgaria in advance about the suspension of the ration. guess if the payment is not made. so this is actually what happened. they were warned, not frat and right. the russian presidents spokesperson also stresses that this decision is russians reaction to numerous unfriendly steps towards more school. you know, that the country's economy has been, he dramatically because of numerous packages of economic sanctions. so, who's black mailing who asked the question, you know, we heard the rhetoric there from the c chief, but there are european states ready to pay for russian gas and rubles absolutely various european politicians and experts claim repeatedly that europe is not capable of given up russian gas, and this is why understanding that many countries have already accepted pain in the way russia once among them, hungary, austria, germany, here is austria and a chancellor explaining that it's items be that we're doing thought the wheel. i mean, the ostrich mineral oil administration stock company accepted the payment term as the german gov

[000:00:00;00] today, gazprom has completely suspended gas supplies to bulgaria poland until they are paid in rubles , the russian company said in a statement that the counterparties were informed in a timely manner. after the authorities of these countries rejected the new payment system in the russian company, they also added that gazprom export did not receive payments for gas supplies in april and warned that in case of unauthorized withdrawal of gas from bulgaria and poland from transit volumes, it would reduce supplies, however, to the hungarian foreign ministry stated that the cessation of gas supplies to bulgaria will not affect transit to hungary minister of energy. austria confirmed that gas from russia was and is being delivered to austria without interruption. in belgorod, while preparing a sabotage, two supporters of ukrainian nazis were detained, this was reported to the tsos fsb, these are russian citizens, according to the department. they collected information about russian servicemen who are taking part in a special operation to protect donbass, and the suspects are

and hello, poland and bulgaria are already receiving gas from their neighbors, said the president ofn commission. ursula vonderlein eu countries pledged to help each other on the path to a complete rejection of russian gas, let me remind you that earlier the european council determined the deadline for this is 2027, however, as journalists note themselves. uh, the german cdf is not a fact that germany, for example, will really be able to keep within these terms the industrial giants themselves, among which, for example, bass, have entered into long-term contracts with the russian gazprom until 2030. and even if and when russian gas stops flowing to this country, they. all the same, you will have to continue to pay the deadlines for it, when germany will really be able to completely abandon russian gas for the time being, which is not clear, emphasizes journalists in bavaria in recent years, russia's share in natural gas imports was about 55% and only recently dropped to 40%. most experts agree at the moment that germany's gas dependence on russia is still too high for us to survive a

today i wanted the prime minister of bulgaria to refresh his rank to the people.ine, this would be the place, well, the prime minister of bulgaria did it in this place another statement. he said that bulgaria would not expose weapons to ukraine, in my opinion, they are starting to get something for them. i think it is very important to note that after all, russia does not include any kind of gas shut-off regime, our position is clear and consistently voiced by president putin on several occasions, where we proposed a clear, logical mechanism of mutual settlements that is understandable for europe. and actually. there is no sensation here. no, in the fact that today, in fact, 30% more mature prices for natural gas are jumping like this - this is a direct a consequence of the policy pursued by both the european union and the european commission, therefore, europeans should address any claims, first of all , to their own governing bodies and, above all, bureaucrats from the european union, therefore the scheme is very simple, it is proposed and, probably, there is no

of the trans- balkan gas pipeline together with on the bulgarian side, i am grateful to bulgaria for the opportunity to use the port of varna for the export of our agrarian power, and un secretary-general antonio guterres was in ukraine today. it is very important that mr. secretary-general visited borodyanka, kyiv region, and saw with his own eyes what the russian occupiers did to hundreds of ukrainian cities and towns. communities experienced the same thing as borodyanka and bucha, the russian army in ukraine deliberately and without any doubts trampled everything on which the regional order was based after the second world war world war, the un charter, international conventions, the declaration of the rights of people and states, everything that should guarantee freedom and security in the world was simply destroyed by russian aggressive actions, so the key question at the negotiations with mr. un secretary general was how to stop russian aggression, and this is not just a question about ukraine about our fate is a question about the fate of the un, about the fate of internationa

moscow it has already turned off the supply to poland and bulgaria. madeleine albright, late to rest. who came to america and grew up to be the first woman to be u.s. secretary of state. she died last month of cancer at the age of 84. she has been sentenced to a five-year custodial sentence in a trial condemned by the international committee as bogus. this is life in paris. -- this is live from paris. >> thank you very much. russia's has halted gas supplies to bulgaria over a refusal to pay rubles. russia's is meeting for percent of europe's gas needs and they are casting sanctions as an act of economic war. they're called the russian action acceptable in the de was working i court needed response. -- that the you is working on a coordinated response. >> an attempt bthe kremlin to blackmail us. that is the words used by the european president on thursday as she described the decision to cut off gas supplies to poland and bulgaria. >> it is unilaterally stopping gas deliveries to start member -- certain member states is another publication from the,. o

there is a prices for bulgaria, it's much more difficult situation because bulgaria is depend, see on one source is much higher. it's close 90 percent. and for bulgaria, a mean it will mean that they will desperately look for reverse flows from the rest of europe. part of the european solidarity to provide gas supplies to this country on, on the edge. ok, so who is this going to hurt more poland bulgaria or russia this is going to have supplies. but is this also a warning charge to the rest of euro, specifically to germany? that is now it's slowly shifting its policy on sanctions, especially sanctions on oil, where poland is able to provide assistance to supply oil through special part delivery, you know, enter to weaponized, energy supplies, and to hurt your a. but her europe is much more resilience than, than russia, as expected. one of the political implications, the in poland, especially if this goes on into next winter. well, poland is despite the cut of increasing gas storage, the plans are to continue increase in gas storage. so poland will be secure, will be an element of why

as for poland, bulgaria is not at all clear to bulgaria, because they have other options besides supplying our gas. no, it's okay. well, the poles are probably counting on the opportunity to supply lng, but uh, europe all counted on the fact that there would be a cat actively learn to solve her problems. no, it didn’t work, because the cat has a fairly long-term, too, uh, contacts and contacts and contracts for delivery. e to the asian regions, so they could not deliver a serious one, as for the americans, who promised to fill it with their uh, fat gas, then, firstly, it is very expensive. for europe, secondly, even if they get up for dinner, it's still, uh, they can only take a small part of what they supplied. they can replace us in europe with their e, lpg fatty gas, therefore, europe there is no alternative to russian gas, and the opposite is not expected in the coming years, so if you look at the situation that today runs in stock balance in europe, this is generally on the one hand, all europeans are shouting about the climate agenda, and at the same time, given the situation, which