reporter: the e.u.op meanwhile has urged moscow to refrain from calatory action or rhetoric, as the bloc's ambassador was someone for an official complaint. russia can still supply kaliningrad by the sea, without interference from e.u. sanctions. lithuania, meanwhile, is not only a member of the e.u. pop, but also of nato, and thus covered by the alliance's mutual defense treaty. monte: russia is gaining ground in the donbas region in the eastern ukraine. ukrainian officials say moscow has seized a village near the city of sievierodonetsk which is currently russia's main target in the region. fighting also ridges in the nearby city of lysychansk, where ukrainian soldiers are holding their ground. meanwhile, officials say that russian shelling killed at least 15 civilians in the kharkiv region. saudi arabia's crown prince mohammad bin salman is on a diplomatic tour of the middle east. this tuesd, he was in cairo for talks with the president of egypt and has since arrived in jordan. on wednesday, he is du

goods going into the anywhere else in the e.u.through red lane. >> we're seeing trade from east-west, to north-sou. the people of northern ireland are not able to benefit from the same tax benefits as people in great britain and that is causing a feeling of inequality between the different communities of northern ireland and what is so important is that we restore the belfast good friday agreement, we restore power sharing in northern ireland and that is the priority of the u.k. government. >> we heard liz trust mention the good friday agreement. northern ireland was created in 1921 an remained part of the u.k. while the republic of ireland became an independence -- inch state. that created a split between unionists and nationalists. in the late 1960's, armed group from both sides carried out bombings and shootings. a period began known as the troubles. they lasted 30 years, and more than 3,000 medium died and after those decades of violence, we had this moment in 1998, the signing of the good friday agreement. it brought peace, c

but because of e.u.ns, the transit of key russian goods is now banned. >> that is a problem for t corete plant. reporter: is barely operating as it is. with russian cement now on the sanctions list, it is another blow to his business. >> the sanctions will not only affect our business, they will affect eryone. our factory is at a standstill. we aren't making anything so the builders cannot build anything. there is a chain reaction. reporter: threw an you iists it has not been located kaliningrad. russian passengers can travel freely through lithuania to get here, and so cannot russian goods not on the e.u. sanctions list. but it hasn't called the saber-rattling from russian officials. >> this week the hawkish head of russia's security council flew to kaliningrad. he attacked the west and the last the transit ban as a hostile act. the warned of serious consequences for the lithuanian people. today his boss mark the anniversary of the nazi invasion of the soviet union. the kremlin leader has yet to announc

. >> a show of support from the e.u.russels backs candidate status, bringing it one closer to joining the union. but the process could still take decades. plus -- u.s. lawmakers build their case against donald trump. they say he knew he was breaking the law by trying to overturn his election defeat, and that he pressured his vice president to help him. ♪ >> hello, everyone. good to be with you. there has been no let up in the fierce fighting raging in ukraine's eastern industrial heartland. ukrainian forces are battling to prevent russia taking full control of the city. the regional governor there says constant shelling is making it impossible to evacuate hundreds of civilians trapped in a chemical plant there. russian troops are also targeting a neighboring city where the civilian death toll is mounting. but the russian military offensive is not limited to the donbass region. ukraine has reported strikes on several cities elsewhere in the country. reporter: a crater in the ground where a russian missile strike it. it ha

that is something the e.u. has not had before. so the e.u. fundamentally more political entity that it has been to date. secondly, coming back to the cost of reconstruction, if you look at credible estimates of what it will cost to rebuild ukraine, especially a ukraine that is territorially coherent meaning it would be up to ukraine and his supporters primarily in the eu to rebuild cities like mariupol and others that are currently under russian occupation, that money does not exist in the current budget. which means it will need to be created in my opinion. we are talking about further physical integration in the european union, similar to what we saw during the pandemic. it will be interesting this political dilemma that many of the traditional fiscal hawks in eastern europe, they're going to have to decide, do they want to continue to be fiscal hawks or do they want to be able to adequately finance a comprehensive reconstruction of ukraine? because if the e.u. takes this step, for instance, issues more common debt, then we are in a situati

e.u. leaders are set to discuss the matter.uel macron and mario draghi endorsed ukraine during their trip to kyiv. vice president mike pence came within 12 meters of the mob before being rushed away by his team. according to an fbi informant, they would have attacked pence if they found him. the panel painted a picture of donald trump being indifferent to the dangers his vice president faced. an airport will limit capacity this summer. it seems to be suffering -- security staff are expected to persist through the month. the operator says the maximum number of passengers will vary. 73,500 in august. the dutch arm described the reduction as "highly detrimental." nobody likes pop-ups on websites but now the british government plans to do something about it. the u.k. is considering rolling back data protection obligations and consent boxes in an attempt to boost research. the data would deliver one billion pounds over 10 years according to the government. the announcement criticized the e.u.'s general data protection regulation. gl

croatia is set to become the 20th e.u. country to adopt the euro.he european commission says the baltic nation has fulfilled the necessary criteria. that grab plans to replace its currency from the start of 2023. hundreds of demonstrators, including supporters of islamist groups, rallied outside the u.s. admission in sedans capital, khartoum, calling for its chief to step down. protesters accused the organization of interfering in the country's affairs. the mission has been trying to resolve so dan's political crisis since a military coup last year -- results ssudan's political crisis since a military cool last year. in mexico, many are dead and hundreds missing after hurricane agatha slammed the coast. forecasters say the weather system could gather strength again in the gulf of mexico, and 13 the u.s. this weekend. reporter: the start of hurricane season in the pacific has hit mexico hard. hurricane agatha made landfall on monday, triggering heavy rains and deadly flooding. it was the strongest storm to hit this area in the month of may, since rec

get to full e.u. membership is by no means a done deal for ukraine. >> it will be very difficult and ukraine is a huge country. it is a country of over 40 million people. in terms of area, it is the biggest country in europe. it would be fifth in population size. allowing such a big country, it will need a huge amount of finance to bring its economy up to this. saying that is not to be underestimated. i think that vladimir putin has pushed western europeans and really forced ttheir hand. the country was just seem to be too poor, too close to russia. now those image they have changed public opinion across europe and focused attention on this country and left european leaders with no option. >> the acute existential threats ukraine, that is very much in the east with the russian military apparently getting ground. what is the latest? >> those two remaining centers that have basically been taken. they are focusing all their firepower on a small area and outgoing to ukrainians. they have basically out of

of course those negotiations are being led by the united nations which is something the e.u. supports. you refer to the blame game issue, saying the situation is not the european union's fault, and there were to send letters to the foreign minister in africa to try to explain things. there were concerns that it is harder to purchase things like food, fertilizer, squarely blaming russia for the concerns at the moment as the situation escalates. ♪ ross: let's turn to france, important moments there because president macron's plans for further reforms have been cast into doubt after his party lost in parliament, worse than expected in the elections that were held on sunday. the president's coalition was short of the 289 seats needed to control the national assembly. the alliance did well, picking up 131 seats. the far right party took9 seats and the rival republicans took 64 as well. so mr. macron will be the first wrench president since 1980's to govern without a parliamentary majority. here is the prime minister. >> the situation is unprecedented. the national assembly has nev

this is the e.u.'s great failing., billions of euros were poured into that war machine, and we can't seem to reach a consensus on how to stop that financing. >> he gets lots of support on social media. hundreds of thousands are following him. his speeches to the european parliament get thousands of likes. >> how could we tolerate our ministers and heads of government working for the interests of russia or china? >> in an interview with deutsche welle, he emphasized how important it is to realize that aid for ukraine is about europe's own future. >> every time, we act as though it's just about a single issue, a ukrainian question, a georgian question, a syrian question. no. it's a european question. the moment we don't accept the power relationship that is imposed on us, we're the adversaries. that's well understood. but if we do accept it, we've submitted to it. >> these days, glucksmann has been lobbying tirelessly for ukraine's cause. his dedication may have to do with his biography. he's lived in both ukraine and g

this is the e.u.'s great failing.ar began, billions of euros were poured into that war machine, and we can't seem to reach a consensus on how to stop that financing. >> he gets lots of support on social media. hundreds of thousands are following him. his speeches to the european parliament get thousands of likes. >> how could we tolerate our ministers and heads of government working for the interests of russia or china? >> in an interview with deutsche welle, he emphasized how important it is to realize that aid for ukraine is about europe's own future. >> every time, we act as though it's just about a single issue, a ukrainian question, a georgian question, a syrian question. no. it's a european question. the moment we don't accept the power relationship that is imposed on us, we're the adversaries. that's well understood. but if we do accept it, we've submitted to it. >> these days, glucksmann has been lobbying tirelessly for ukraine's cause. his dedication may have to do with his biography. he's lived in both ukrai

this is the e.u.'s great failing., billions of euros were poured into that war machine, and we can't seem to reach a consensus on how to stop that financing. >> he gets lots of support on social media. hundreds of thousands are following him. his speeches to the european parliament get thousands of likes. >> how could we tolerate our ministers and heads of vernment working for the interests of russia or china? >> in an interview with deutsche welle, he emphasized how important it is to realize that aid for ukraine is about europe's own future. >> every time, we act as though it's just about a single issue, a ukrainian question, a georgian question, a syrian question. no. it's a european question. the moment we don't accept the power relationship that is imposed on us, we're the adversaries. that's well understood. but if we do accept it, we've submitted to it. >> these days, glucksmann has been lobbying tirelessly for ukraine's cause. his dedication may have to do with his biography. he's lived in both ukraine and geo

the ambassador to beijing told us that the e.u.ess issues rather than sweeping them under the rug. but he says, tangible progress is needed after an unproductive summit in april. >> we are now trying to keep channels of communication open. there is what we did on the first of april with the e.u.-china summit. we are preparing economic dialogue and another high-level dialogue on climate and the environment in the next few weeks, hopefully. you cannot ignore china, you have to be in the way, we're in the same boat of the economy and global climate. so, we need to talk. and we need to find where we can solve issues. for this, we need to have a shared account of the facts, which is missing today. and we need to bring back to our constituencies, our business people our students, our members of parliament, evidence that engagement with china is protected. >> the aim for the comprehensive agreement or agreements to level the playing field between the u.s., europe and china. it was said that there is no prospect of that unless chinese sect

all three back ukraine's e.u. membership bid.gey lavrov spks to the bbc in one of only a few interews given to western media since russia invaded ukraine. >> you are saying russia is squeaky clean. >> no. russia is not squeaky clean. rush is what it is and we are not ashamed -- russia is what it is and we are not ashamed of showing who we are. >> welcome we start in washington, where the third congressional hearing into the january 6 riot last year at the capitol has been taking place. it has had witnesses describe how the former president, donald trump, put pressure on the then-vice-president mike pence to overturn the election result. these are the two witnesses. the old man in the blue shirt is a retired judge who was an informal advisor to mike pence. the younger man is fmer legal counsel to the vice president. let's first hear from the first n, who describes what uld have happened if mike pence had given into donald trump's to man's. >> that declaration of donald trump as the next preside would have plunged america into what

to address that, the g7 and the e.u.stablished a global alliance for food insecurity, pledging over for euros to help those facing food shortages. scholz put forward a plan for a climate club, open to all nations willing to work to limit temperature rises to 1.5 degrees, and become emissions neutral by mid-century. >> we all agree with the future holds, which is not gas. this is particularly true for germany. we want our economy to be carbon-neutral in 2025. that has consequences for the use of natural resources whether it is coal, oil, or gas. reporter: but climate activists, some of whom protested near the summit venue, say that extending the use of fossil fuels even for a short time is a real response to energy shortages. >> we are angry that leaders at the end, the long-term targets, but not commit to the immediate measures needed to give a clear frame to the industry, to face out fossil fuels and enter into renewable energy in a much more rapid way. reporter: those arguments will continue. for now, that's said that

and the e.u. less than two years ago. e.u. officials say the decision violates international law.ccording to state media, officials in saudi arabia have begun moving -- begun removing rainbow colored toys from shops in riyadh. media say it is part of a crackdown on homosexuality. the conservative kingdom outlaws same-sex relationships. the saudi embassy in washington, d.c. now looks out over a new street name. a neighborhood group voted to rename the street in honor of the slain journalist. he was killed at the saudi arabia embassy in turkey getting a marriage permit. the newly named street crosses in front of the saudi arabia embassy. tennis and world number one russian deal medvedev is playing this week in a warm up to wimbledon. a tournament in which russian players were banned after the invasion of ukraine but now he has learned russian players will be allowed to play at the u.s. open in august. he commented on the decision after his first round match in central germany where he beat david goffin in straight sets. medvedev says he was happy by the ruling. >> it is great. i hea

the e.u.as rejected moscow's criticism and is in turn accusing the russian government of exploiting the partial transit ban for its own ends. >> they could have expected this. the russian side forhe well that sanions would limit the transection of goods and, they are now using this as a weapon and an information war. reporter: passenger trains from russia continue to pass through lithuania without any problems. however, travelers are not allowed to get off the train, or wait at the station here. in order to get around the blockade, russian once to use c routes as an alternative. fears are growing that moscow could further escalated the standoff. brent: a quick look now at some of the. other stories making headlines around the world. . saudi arabia's conference mohammad bin salman is visiting turkey for the first time since the killing of saudi journalists jamal khashoggi plunged to relations between the two countries into crisis. the crown prince today, with turkish president erdogan. eric gar

the e.u. has ordered all the firms to withdraw their ratings on russian entities so there is no formal declaration. the bondholders can take action with the view is they are going to take a wait and see approach. they're going to monitor the ongoing war as russia says it does have the money to pay. this could possibly lead to years of litigation. as for russia, this is as many say the least of their problems. russians are looking at double-digit inflation. the worst economic compression or contraction in years. it is one for the history books and a very symbolic if nothing else default. rishaad: symbolic it may be but events in ukraine certainly are not to let's find out more as to how they garnering world attention. vonnie: the g7 leaders will commit to providing indefinite support to ukraine for its defense against russian invasion should that is according to the text of the draft statement. according to the document, the leaders are also weighing the possibility of using tariffs on imports

listen to how e.u.oreign minister describes the situation. >> one cannot imagine, one cannot imagine that millions of tons of wheat remain blocked in ukraine while the rest of the world, people are suffering hunger. this is a real war crime. so i cannot imagine that this will last much longer. >> calling it a war crime. today's meeting comes as ukraine hopes to take another step toward its bid to join the e.u.. the european council will meet later this week to discuss whether to back ukraine's candidacy. but ukrainian president volodymyr zelenskyy warns moscow could respond by ramping up attacks. >> translator: we should expect greater hostile activity from russia, purposefully, demonstratively this week exactly, and not only against ukraine, but also against other european countries. we are preparing. we are ready. we warn partners. >> well, the warning from president zelenskyy comes as fierce fighting continues in the eastern city of sievierodonetsk. critical, of course, to russia's push to take contr

it's primarily the e.u.ch is planning to cut its imports from russia in terms of oil in the next six oeight months. but the rest of the world including the largest oil importers that is china and india, are still buying russian oil. we're going to see a re-- reduction in russian oil production or loss of certain level of that production and it is that amount which can be compensated for to a certain extent by opec as a group but i would say primarily those who soint the largest capacity, the g.c.c. countries, saudi arabia, the u.a.e. and kuwait. manus: carole, good to have you with us. we had bobbing mcnally with us a few weeks here said if biden beats m.b.s. and there's a rapprochement, then the probability of them turning on the taps goes up over 50%. how quickly can saudi respond? what sort of capacity does saudi have? that's the debate, isn't it. carole: if there's one country in the world that can put more barrels on the market swiftly it will be saudi arabia. if we take you back, i think it was 2019 or

banks, based on this assessment of how they view risk within the e.u. community. mr. powell: my understanding is that it is really about supervisors being able to use discretion in transactions that go across national lines within the e.u. it does not apply at all here. ultimately, the rules that europeans apply our by europeans, not by us. >> thank you, mr. chairman. sen. warner: senator powell, it is good to see you. thank you for your service to our country. i want to go a couple of different directions. the truth is, what we are grappling with on inflation is clearly a global phenomenon. even the cato institute doesn't necessarily agree with folks on my side of the aisle have pointed out inflation in many industrial countries around the world running at the same rates if not higher. frankly, i just returned from a bipartisan trip to finland, latvia and turkey late last night, little jet like and i think turkiye, 78% inflation year. gas prices were nine dollars a gallon. i asked one of my republican colleagues, joe bynes inflation hitting here -- joe biden's inflat

so they are not candidates for e.u. membership. these are important steps for things that had been unthinkable only a few months ago without the russian aggression happening. host: let's invite the audience. if you want to call and ask questions about the nato summit, you can call us, republicans at 202-748-8001. democrats, 202-748-8000. independents, 202-748-8002. or you can text us at 202-748-8003. the upgrades for nato, and few are looking for if vladimir putin is looking at this, what will be the response from russia? guest: people say that to prevent disclosure terry moves we should avoid provoking russia, but in reality in those places of industry for the kremlin, the reality is if anything is provocative or escalatory, it's a sign of weakness and hesitation on the part of the west. wherever there has been pushback against russia, russia has retreated. and whenever there were doubts about what the west would do, including in ukraine or georgia, the president of russia pressed ahead, sometimes very aggressively, and with escal

leaders will decide if ukraine and maldova will become candidates to join the e.u.will need to be unanimous. here's president zelensky talking about that. >> i think it's obvious to everyone since 1991, there's been few such fateful decisions for ukraine as we expect now. i am convinced that only a positive decision makes the interest for the whole of europe. >> president zelensky is back in kiev today after visiting the southern port cities of odesa over the weekend. he's promising to take back all of the land that under russian control. there's no sign that he could give up any territory, which will drag out how long this conflict lasts. russia is funding that war effort through energy sales and the biggest customer is china as you mentioned. according to bloomberg, china purchased 7.47 billion in russian crude oil last month, which is $1 billion more than the month before and double what china was buying from russian last year. you mentioned the rubble at a seven-year high. that's probably why. vladimir putin in st. petersburg this past weekend said the sanctions

. >> martha: so in terms of the e.u. something that was a very important part of your time as prime minister, looking back on it now, do you think it has been successful? not successful? >> as i said, we're a democracy. i fought very hard for britain remaining in the e.u. i want us to have a different type of membership. i wasn't in favor of a political union. i wanted britain to be a nation that was cooperating and trading and partnering with europe as a member. but my side lost that. and we accept that result. it's very important we do that. where we are today, i think that ukraine and the difficulties in ukraine are showing what britain needs to do, which is to become the best friend, the best partner, the best neighbor of the european union. that is possible. that's what we should aim for. we're not there yet. it's legitimate. while i would have liked another outcome, it's legitimate to say britain can be the friend, the neighbor, the partner of europe. ukraine is showing how relevant britain is as we try to help the

that's according to e.u. and u.k. officials speaking to bbc news.urn to boris johnson and that vote of confidence in his leadership. the news not only dominated headnes in the u.k., but all around the world. here are some of the international reaction we have seen. the new york times says although ris johnson survived the no-confidence vote, the vote left him politically damaged. the washington post says boris johnson survived for now, and described him as a grease piglet, a phrase attributed to david cameron, meaning boris johnson has an ability to slip through problems unscathed. i am hpy with that, he said, in reference to his victory, and u.k. p.m. johnson vows to get on with the job. those are theiews in the u.s and asian media, but let's hear a european perspective. i have been speaking to the u.k. correspondent for the italian tv network media set. >> boris johnson is widely seen as a populist and there is one rule for all the popult leader who can go on as long you have the support. there is one crucial momt four days ago in front of the wor

switzerland decided -- people decided to go up against membership in the e.u.e the federal counsel opened all kinds of doors that the de facto can remember. you're right. if this continues if the federal council today or tomorrow decides to deliver, you know, munitions to germany and then to ukraine, then i think there will be a national referendum or initiative. how that will turn out is another question because there are some people that are for and against. but i think it will come back to that eventual will. because neutrality is something sacred. maybe not to all or to the majority but a lot. this is within of the bed rocks of the country. >> india is not officially o lined with russia or ukraine i want to look at that time moment of a difference between neutrality and nonalignment. how is one different from the other? >> thank you for asking that question i think is something that people are asking is india against? it has not aligned itself with either the soviet block or the u.s.-led block during the cold war years. except when india was -- but say exam

expected to recommend next week that ukraine be granted candidate status, a key step on the long pass to e.u. membership. a recommendation which needs to be approved by eu commissioners would come with conditions linked to the rule of law and anticorruption legislation. the head of the international atomic energy agency says iran has a very small window of opportunity to restore its landmark 2015 nuclear agreement with world powers. iran has cornered at -- has ordered international monitors to remove surveillance cameras to account for stockpiles of nuclear fuel. iaea director general rough ale narayana grossi called that order deplorable and said iran is risking a fatal blow to hopes of reviving the nuclear record. sri lanka's president is trying to avoid further disruption to electricity supplies amid ongoing antigovernment protests across the island nation. a plummeting currency and lack of supplies has mired sri lanka in the worst economic crisis in its modern history. the nation lacks foreign currency needed to support food and fuel. daily power outages have run as long as 13 hours. for

this is going to be -- this is a process and it will take months if not years to get e.u. status. it would help ukraine at the moment if they had it because it would help them have access to more support and security from other european countries. they are disappointed by the lack of flow of heavy weaponry particularly from germany. they thought they would get more from the germans. they had offered more and the ukrainians are saying it is not coming through fast enough. this is a critical moment. the ukrainians are losing ground in the east. there is a big sit severodonetsk, and it looks like it is being cut off and they're not getting support that they were getting in the early stages of the war. the russians think they could just sit this out and wait for the west to lose interest and for west to feel that the war is not worth it for them. that is exactly what ukrainians don't want to happen. >> meanwhile president biden announced another billion dollars from the united states in weapons going to ukraine. coming up this morning, the markets just opened after a very rough week.

e.u. concludes at summit after a late-night agreement on sanctions.espite public calls for change, lebanese politicians elect the parliamentary speaker for seven straight term. first funerals are being held for the victims of last week's mass shootings at a texas elementary school. ♪ >> welcome to the program, our top story, russian forces are now in control of most of the eastern city that's been destroyed by heavy fighting, making it impossible to deliver humanitarian supplies or to evacuate civilians. most are advised to take shelter underground. they are key to moscow's efforts to complete the capture, which makes a part of the donbass region by russian separatists for years. the city is 145 kilometers from the russian borders and was one of the last pockets still under the control of the ukrainian government. an estimated 1.5 thousand civilians got to have been killed there since russia refocused its advance on easter new kate eastern ukraine. here is more now from kyiv. >> pictures from a local ukrainian channel widely circulated on social media

. >> a show of support from the e.u. brussels

and e.u.. taking out insurance will have a huge impact on russia's ability to export its oil.is one of the toughest sanctions europeas. when challenge for insurers is establishing where oil cargoes have come from on ship years of complying with sections on iranian oil cargoes have provided a template. so far, moscow has been able to find alternative buyers for its oil -- in china, india and turkey as trade adjusts to the war in ukraine. yuka: the u.n. secretary general says he is hopeful the mobile food crisis triggered by the war in ukraine will ease. the senior u.n. official travel to moscow to talk government officials they are. the official, rebecca or his pain, is now a u.s. for talks with u.s. officials and said she had constructive talks with the russians to unblock shipments of rain and fertilizer. the u.s. ambassador says her country is prepared to send letters to shipping and insurance company to assure them there is no risk to handling non-sanctioned agricultural products. >> these are not being sanctioned. but companies are a little nervous. at we are prepared to g

and speaking earlier today, the head of the european council, the body that oversees the e.u., also calledhistoric. >> the decision to grant candidacy to ukraine and moldova, we are ready to grant candidacy to georgia once priorities are addressed. >> this is an historic momen which allows us to design the contour of the european union. laura: staying in ukraine, a british man sentenced to death by a russian proxy court in ukraine has been tolthe execution will be carried out. . he was captured alongside fellow u.k. nationals while serving in the ukrainian army and accused of being mercenaries. his family in england has called for more to be done to help release them. our rrespondent reports. >> it has been an agonizing week for both of them. since being told they face the death penalty. the sentence was handed down a fortnight ago to the two men and a moroccan national and unrecognized court in an area controlled by russian-backed separatists. your phone rings to say that your son is going to be killed. reporter: in a phone call to his mother, aiden aslin said his captors had informed him

membership in the european union after leaders of member states voted to give the war-torn country e.ucandidate status. the u.s. supreme court has handed down a landmark victory to gun rights advocates. it ruled that restrictions put in place by new york state on carrying concealed handguns. >> in public are unconstitutional. >> as governor of the state of new york, my number one priority is to keep people safe. by the supreme court is setting us backwards in our efforts to protect families and prevent gun violence, and it is particularly painful that this came down at this moment, when we are still dealing with families in pain from mass shootings that have occurred, the loss of life their beloved children and grandchildren. today the supreme court struck down a new york law that limits who can carry concealed weapons. >> the u.s. house select committee is holding its fifth hearing into last year's storming of the capitol building. the committee heard how then-president donald trump made almost daily calls to the justice department with allegations of voter fraud. search-and-rescue op

these e.u.f strategic autonomy will now collapse so i think you will see more push now from, for example, the germans, the italians, and the french, to have some more diplomacy for to sit down with the russians. you saw this on display now with the three leaders from italy, germany and france, asking to start negotiations with russia. meanwhile, thereafter you have johnson coming from the u.k., saying this is not the right time for peace, americans sending heavier weapons. i think that as the conflict continues to go the wrong way for us, i think these divisions within the west stand to become more and more obvious. adrian: ulrich, how long before the european electorate begins to demand that their governments ease the sanctions and pull back on this war? are people in europe prepared to endure a winter of power cuts or rationed energy supplies? will it come to that? guest: well, if things continue like this, there is no other way than to risk not only industry, but also heating, or having other

dani: maria tadeo will talk to us about the e.u. membership. laura wright will bring us issues on tessa's plan. manus: let's talk about the r word. when he was questioned by the banking committee, take a listen. >> perspective of interest rates, going to height too fast, it could drive us into recession? >> it is a possibility. it is not our intended outcome. over the last few months, it has made it more difficult for us to achieve what we want. a strong labor market. manus: let's bring in our correspondent, edna curran. a soft landing is not the central goal. edna: using this language shows you we are not only with the u.s. economy and fed rate hikes. it may pull off the soft landing that we have been talking about. you could say the trade-off accelerating unchecked would be very damaging for the economy. there will be a potential head. do not deviate from the message but interest rates are going up. it will probably move at a rapid clip. some of what is happening in the u.s. is set up not just by fed hikes. dani: what does it mean in terms of

pre-war, 62% of russia's exports to the e.u. were fossil fuels.dy been coal, and now we are pretty much banning oil import, so we are getting to the heart of the financing of putin's war machine. and also other measures related to sberbank, and other russian banks are going to have a substantial impact. maria: you mentioned gold and oil, the way the european calibrated this is that the final step would be gas. are we going to see sanctions of gas? >> as we have been saying very consistently, all options are on table. we are not excluding anything, but it must be said, that regardless of sanctions, the strategic decision to move away from dependency on russian fossil fuels is already taken, and there is already a plan in place to describe how we will be doing this including rapid phaseout also of our dependency up russian gas supplies. maria: your message to russia is that this is going to end one way or another, this war will trigger for that for them, and this will be the end of it for russia. >> it is going to be the end of energy relations in t

has been such a leader in keeping the e.u. allies together and keeping pressure on moscow, they are worried the u.s.'s role will be compromised if they have divided government. it is a difficult position for biden to be in. he is not coming with the same power he had last time and there are questions about what the administration will look like moving forward. kailey: maria, what are you hearing from your european sources? maria: i think i would tone it down big time from the international perspective. every country has politics and everyone can see the polling for the president of the united states and the approval rating, but when you look at the weapons, the u.s. has been an incredible supplier for ukraine, much more than some european countries. when you look at the money the country is paying into ukraine, it is huge. this is an administration the europeans can count on. this is not a problem the u.s. has created for europe. this is an issue in the making for 10 years for the european union. now the penny drops. this is e

alone committed considerably more than all the e.u. countries combined. whose immediate neighborhood the war is raging. by the way, sanctions, not working. in fact they're making russia even richer. money is pouring in from china and other nations. russia's oil exports are soaring. oops. second, it's long since time we cut our losses in china. last year our trade deficit with them was over $350 billion. we know that you slave labor to make everything from sneakers to computer chips. they lied about the origins of covid. why are we dependent on china for anything? biden of course is making the opposite course and poised to let the trump terrorists give us some leverage against china and save some u.s. manufacturers. if scott paul on the "washington examiner" that an authoritarian state is no longer an acceptable status quo. we should not abandon important trade leverage to shave a rounding error of the consumer price index. we need to start decoupling from china. immediately. third, it's time to cut our losses with the foolish green obsession. the democrat

one major step, ukraine seeking a major step toward eventual e.u.embership after winning a recommendation from the block executive body. we dig into that in the show. from new york, i am in for alex steele. i am kriti gupta. this week has been exhausting. the stock market has a lock -- a lot of action ahead of it. how do we end today? i am beyond curious. guy: bewitching is going to be playing a big part in what we are going to see. i do not think we are done. we are having to fold through the fed what we are watching here. we are getting estimates with comments on the tape, indicating her reasoning behind her dissent against that 75 vid race we got from the fed. she is in the more hawkish end of the spectrum. i view that move to adding to policy uncertainty. she said, that -- that is the line, a good takeaway. basically, she is saying, though she feels the 75 basis point move, which in some ways hadn't been flagged, i know the big flag is in the journal, but only a few days before, the fed committed to 50. she thought communication would be an issu

lot of that you, including the -- the eu, including the leadership, that ukraine's application for e.u. membership will be fast tracked. they have already begun that process. on nato, that's an interesting question. how does europe avoid going to war again? after this war settles down somehow, whether ukrainians win which is still possible or they have the free ukraine we talked about the develops while they still have claim to anything they don't control. how do we be sure? how do europeans ensure that ukraine is not invaded again for that george is not invaded again? what is the security structure in europe? there may have to be guarantees. the best guarantee is what you asked about. nato membership. chuck: pretty obvious. fmr. amb. taylor: russians don't want it. which is why sweden and finland joining such a big deal for our politics, for lithuania, who are stuck out there. if finland and sweden are members. it's possible to defend the baltics of sweden and finland are members. chuck: i always learn a lot, anytime i talk with you. i hope everybody else did the same as well. i appre

the trip comes from the friday commission, the candidacy to join the e.u..ussia and china are having bitcoin a count -- the kremlin says the two men discussed cooperation trade and military ties, china says economic stability, no mention of ties or trade. quote, -- european gas prices are falling. germany's reduction to the nord stream pipeline, due to technical issues. the bank of england has raised interest rates for a fifth straight meeting. the parliamentary committee voted to increase the benchmark made by 25 basis points to 1.2 5%. minority officials -- doubled that size. policy makers hinted they may join a global trend for larger hikes if it elation -- if inflation continues to soar. global news 24 hours a day, on air and on "bloomberg quicktake." powered by more than 2,700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity a

it creates instability financially in the e.u. that is something they are concerned about as well. so there is caution in the you see the. haidi: a lot of caution. we are hearing from the sites of mohammed -- the likes of mohamed el-erian saying it inflation is not going any worsening. if we get another supersized inflation, does that change how hawkish the fed really is? kathleen: we had already been promised 250 basis point hikes in the rope. governor bullard from the st. louis fed things the 50 basis point hikes could continue through the end of the year -- he thinks they could continue through the end of the year. so what online, the fed once clear and convincing signs that inflation is slowing -- the fed wants clear and convincing signs that inflation is slowing. we may see that core inflation has come down a bit, but the headline is still saying high. those are important numbers to consumers and businesses. the fed has got the door wide open to the 250 basis point rate hikes. importantly too, next week they will update the summary of economic projections. we will get the view

the formal decision will come at the e.u. summit in brussels starting thursday. sri lanka's prime minister says the country's economy has completely collapsed, and the only path forward is an agreement with the i.m.f. he told parliament that sri lanka is unable to import fuel because of heavy debt. officials are speaking to the imf this week about support. plans are also underway for a summit with india, japan and china to help secure aid. saudi crown prince mohammad bin salman, and turkish president argan met in turkey. the two leaders agreed to which to work towards better relations in areas such as the economy and defense. prince mohammad bin salman's visited turkey is the first since relations between the two countries strained after the killing of shinto post-journalist jamal khashoggi. . officials in afghanistan say that the death toll could rise, after an earthquake destroyed thousands of homes. at least 1000 people were killed. the earthquake sets off a new humanitarian crisis in the country already facing a crumbling economy and hunger. the taliban supre

yvonne: we are starting to see more of that reaction to the e.u. ban on russian oil. more let's bring in clara marques r bloomberg opinion columnist. and you mentioned in your column about how this van is flawed but necessary, walk us through what troubles you most about this. clara: what troubles pretty much anyone who has been watching this for some time is how long it has taken the european union to get to this point. it has left the european union with this morally impossible situation where they are condemning russian action, but also they are making it possible for the russians. they have paid for fossil fuels 57 billion euros since the war began on the 24th of february. there have also been considerable extensions in the deal that they have reached, in particular for hungry and bloc countries that will continue to take russian oil in pipeline form. there is also the idea that this will take some time. measures will take six to eight months to come through. in particular, for example insurance, which may be part of the wider sanctions package. rishaad: well that

change across america, but far more we have tried to get david haro on of harris associates to speak of e.ug, it has been an absolute shot, the shock and david i have to start with credit squeeze and the view 15 years -- credit suisse and i have to start 15 years ago before the financial crisis of 2006. it has been an abject value flop and winner. if you run out of patience with failure in zurich? david: not at this stage yet because there have been wholesale changes at the bank from management down, and we need to see what the new people who are involved with the bank, both from the executive management committee and board of directors can turn to -- do to turn this around. there is inherent value within the business, and i think these people should be given a chance to try and create this value and sustain this value. the bank trades at 30 or 40% of value, so the object should be stabilization and then growth after stabilization. if they cannot do it, someone else has to. tom: do they have a swiss putt, are they not making tough decisions because they know that zurich will be ubs and cred

are enriching dictators with everything we're doing with china and venezuela gets to sell oil to the e.u we are re-engaging with iran, and then we are going to get saudi arabia to, you know, make more money over there on oil because were not going to go for it. they bend over backwards to dictators. maybe except putin, that's about it. even richard hoss at the council on foreign relations, he tweeted that the summit of americas looks to be a debacle. the u.s. has no trade proposal, no immigration policy, no infrastructure package and instead the focus is on who will and who will not be there. bad. >> i think you and richard hoss are being a little negative, laura. i know major countries are scattering, they're not paying attention to the united states, but vice president kamala harris, the u.s. borders are, is on the job. she just announced 1.9 billion in private investments in latin america. >> doing what we know is fundamental to maximize the capacity of the people in that region, doing it in a way that really understands -- considering the issues holistically. >> we together have gene