the commission president set to discuss the continuation of eu aid with president zelenskyy. hearing from the european commission president, urszula vendor line. >> it is wrong to receive extraordinary record revenues and profits benefiting from war and on the back of our consumers. in these times, profits must be shared, and channeled to those who need it most. and therefore, our proposal also includes the fossil fuel electricity producers who have to give a crisis contribution, and overall, our proposal will raise more than 140 billion euros for member states to cushion the blow directly. >> the european commission president covering the story for us from brussels, our correspondent. >> european leaders gathered here to reassure people they will get through this winter without shivering in the cold and the dark, and they will be cushioned from the blowback of the eu sanctions against russia. that is what this planned reform of the electricity market is all about, those planned reforms announced by the president of the european commission. the focus being on the 140 billion e

a new report by the eu commission says the continent is experiencing its worst drought in 500 years.e heat this summer. has left deep scars in many regions. germany's longest river is shrinking at an alarming rate. an extreme water shortage on the rhine has hit the environment and the economy hard. new channels need to be dredged so that ships can transport goods and people along the

now the eu's commission president is also calling for a cap on gas. >> we aim at lowering the costs ofas. and therefore, we will propose a price cap on russian gas. of course the objective here is very clear. we all know that our sanctions are deeply grinding into the russian economy, with a heavy negative impact. but putin is partially buffering through fossil fuel revenues, so here, the objective is we must cut russia's revenues which putin uses to finances atrocious war in ukraine. reporter: while putin has called a little latest move quote, stupid, the eu's intention is clear, even if the details are not yet. the plan is expected to be tabled at eight european energy council meeting on friday. nicole: an oil and gas expert at the independent energy consulting agency, a short while ago i asked him what he made of putin's comments on not open isaac russian energy -- not aponizing russian ergy. >> well, he also said russia did not invade ukraine, and russia did not break any international laws. and everybody understands that all these statements are flagrant lies. nicole: so now the e

a new report by the eu commission says the continent is experiencing its worst drought in 500 years. the extreme heat this summer. has left deep scars in many regions. germany's longest river is shrinking at an alarming rate. an extreme water shortage on the rhine has hit the environment and the economy hard. new channels need to be dredged so that ships can transport goods and people along the river. the rhine is regarded as germany's most important river. it has inspired famous authors, composers and philosophers over the ages. but with temperatures getting hotter, the mighty waterway is gradually losing its size and stature. traffic on the depleted water channels has been brought to a standstill in some places along the rhine. our reporter met people whose livelihoods are being affected by the drought. historically low water levels. in some places, the rhine is no more than a meter deep. things have come to a standstill in altrip in western germany, operations have been stalled for days. the water is too shallow for the ferry which this family business runs. >> there the water was

a new report by the eu commission says the continent is experiencing its worst drought in 500 years. the extreme heat this summer. has left deep scars in many regions. germany's longest river is shrinking at an alarming rate. an extreme water shortage on the rhine has hit the environment and the economy hard. new channels need to be dredged so that ships can transport goods and people along the river. the rhine is regarded as germany's most important river. it has inspired famous authors, composers and philosophers over the ages. but with temperatures getting hotter, the mighty waterway is gradually losing its size and stature. traffic on the depleted water channels has been brought to a standstill in some places along the rhine. our reporter met people whose livelihoods are being affected by the drought. historically low water levels. in some places, the rhine is no more than a meter deep. things have come to a standstill in altrip in western germany, operations have been stalled for days. the water is too shallow for the ferry which this family business runs. >> there the water was

earlier, the eu commission president, ursula von der leyen, stopped short of accussing russia of sabotageliberate disrpution would be met with a strong response. the eu has proposed an eighth set of sanctions against moscow over its latest escalation in ukraine. moscow has held self—styled referendums in four—occupied areas of ukraine tojoin the russian federation, announced that mobilization of reservists and issued nuclear threats. the eu says the latest measures would include new import and export bans, as well as a price cap on russian oilfor developing countries. police in the pakistani city of karachi say unidentified gunmen have opened fire inside a dental clinic, killing one chinese national and seriously injuring two others. they said the deceased had been identified as a chinese doctor who also had pakistani nationality. he had been running the clinic for a long time. no group has admitted responsibility for the shooting. us vice president kamala harris is on her way to the south korean capital seoul. once there, she's expecting to visit the demilitarised zone separating north a

and now the eu commission president calling on the 27 member countries to also administer more sanctions on russia proposed sweeping new import bands on russian products. this will keep russian products out of the european market. and deprive russia. 77 billion in revenues. the united states has now given nearly $17 billion of aid to ukraine since the biden administration took office back to you. like, thank you coming up new dietary restrictions how the fda is cracking down on foods claiming to be healthy. latest on hurricane ian. look at latest on hurricane ian. look at the city still in the covid-19. some people get it, and some people can get it bad. and for those who do get it bad, it may be because they have a high-risk factor. such as heart disease, diabetes, being overweight, asthma, or smoking. even if symptoms feel mild, these factors can increase your risk of covid-19 turning severe. so, if you're at high risk and test positive, don't wait. ask your healthcare provider right away if an authorized oral treatment is right for you. think he's posting about all that ancient roman

but the eu commission chief ursula von der leyen argues that this is because they need to weaken whatabout, that hold president putin has over europe, as well as pointing to a key ethical concern. she actually explains that, we can listen to that now. we all know that our sanctions are deeply grinding into the russian economy, with a heavy negative impact. but putin is partially buffering through fossil fuel revenues, so here the objective is that we must cut russia's revenues which putin uses to finance his atrocious war in ukraine. so she's talking about denting president putin's financial war chest for his invasion of ukraine and she also argued that the eu has taken other steps already. for example, when it comes to gas storage that is up to 82%. she says the eu has also managed to find other supply from countries like the us, norway, algeria as well as some other countries and remember that 40% figure of eu gas imports from russia 7 she says that has already been brought down to 9% so the eu is continuing to look for major solutions to a major problem and on friday, eu energy min

but the eu commission chief ursula von der leyen argues that this is because they need to weaken whateurope as well as pointing to a key ethical concerns. she actually explains that. we all know that — actually explains that. we all know that our _ actually explains that. we all know that our sanctions - actually explains that. we all know that our sanctions are i know that our sanctions are deeply— know that our sanctions are deeply grinding into the russian economy, with a heavy negative — russian economy, with a heavy negative impact. but putin is partially— negative impact. but putin is partially buffering through fossil _ partially buffering through fossil fuel revenues, so the objective is that we must cut russia's_ objective is that we must cut russia's revenues which putin uses — russia's revenues which putin uses to— russia's revenues which putin uses to finance his atrocious war— uses to finance his atrocious war in— uses to finance his atrocious war in ukraine. 30 uses to finance his atrocious war in ukraine.— war in ukraine. so she is talkin: war in ukraine. so she is talk

eu commission president ursula von der leyen stopped short of accussing russia of causing the leaks insrpution would be met with a strong response. the pipelines, which run under the baltic sea, aren't currently operational, but still contain gas. we can talk to our brussels correspondentjessica parker. a concerning development for europe? as you say the eu is calling this sabotage although not publicly pointing the finger at russia but a lot of questions over who could be behind this and one theory put forward by analyst is could russia be showing it can interfere with european infrastructure even though these pipelines are not in use. the kremlin rejected that as a stupid idea and said it is america that stands to gain further theory that does not gain much traction around here. it is not clear when ever we will find out who's this and that is a further question as to how the european can respond. it was already limping towards a further package of sanctions across russia. this is a further nail in the coffin for any further nail in the coffin for any further gas coming to europe for

i'm expecting meloni to be very moderate when it comes to relationships with the eu commission, withon on ukraine. why? because she needs to be seen as responsible, moderate, abroad. but she will focus on the priorities of the right in domestic policies. so what i expect is a very quick move to get rid of the basic income, a measure of welfare that was introduced not very long ago and that they oppose. they might look at expenditure in terms of health and education, because they promised to deliver tax cuts. but in terms of the relationship of italy with other countries, other commentators say meloni has been very eurosceptic in the past. that is quite true, but can italy now afford in this moment to clash with the european commission for a number of reasons? i don't think they can.— think they can. thank you, we'll have _ think they can. thank you, we'll have more _ think they can. thank you, we'll have more later- think they can. thank you, | we'll have more later when think they can. thank you, - we'll have more later when we are live in rome to look at the challenges for the econ

the eu commission has argued that part of the reason for that is what we just discussed earlier, aboutndency on russia and that hold putin has but they are certainly pointing, certainly ursula von der leyen is pointing to an ethical reason behind it as well. ~ . . ethical reason behind it as well. . ., ., well. we aim at lowering the costs of gas. _ well. we aim at lowering the costs of gas, and _ well. we aim at lowering the costs of gas, and therefore l well. we aim at lowering the i costs of gas, and therefore we will propose a price cap on russian _ will propose a price cap on russian gas. of course the objective is here very clear. we all— objective is here very clear. we all know that our sanctions are deeply grinding into the russian _ are deeply grinding into the russian economy with a heavy negative — russian economy with a heavy negative impact. but putin is partially— negative impact. but putin is partially buffering, through fossil — partially buffering, through fossil fuel revenues, so here the objective is we must cut russia's_ the objective is we must cut russia's revenu

i know that the prime minister would have met with the president of the eu commission., i would have been in touch with president vedder line also. europe once to resolve this and has been very clear about this. with the very sad passing of queen elizabeth, at the weekend, and that many members of the bridge cabinet. many were leaders there. if we took a step back and reflected, given the queen's contribution to diplomacy and better relations between britain and ireland, particularly with her visit styling -- her visits to ireland, we have to give this a very determined goal and we have to get this resolved. it is in many ways to indicate what previous generations who brought peace to that island of ireland might interpret. alix: it sounds like the tone is constructive and positive, not contentious. >> i think the tote is determined. i would not underestimate the difficulties in getting resolution. there are some significant issues to be resolved. the devil is in the detail of this. where there is a will, there is always a way. i have been concerned over the last year o

the eu commission is posting out a caps on low cost power production revenue.his is one of the lines we were looking for. von der leyen saying the energy market is not proposing measures for members to cut energy use. one of the measures being proposed is a mandated reduction, concerns of some blackouts. that is something the european commission are trying to avoid. francine: let's go back to ven ram who is following this closely. does this make a huge difference as to how individual countries react and use energy? ven: i am not too sure. we have not heard anything so far on how the market is moving, but the trajectory for the european rate market is -- in the coming months. particularly for a brutal year in a long time is it has already purchased on the front end and the back end. we enter the second half of next year because as grace peters was just saying, we are likely to have a recession in europe. if that is the case and inflation is still growing, the ecb will be compelled to raise rates probably to 2.5% to 3%. that is what the markets are pricing in at

amna: the eu commission estimates some companies are making five times their usual profits. p court in the eu largely uphold a fine on google today for stifling competition. it is the largest antitrust penalty. queen elizabeth ii lies in state after a solemn procession. the queen coffin was carried from buckingham palace to parliament. king charles siblings and sons followed with troops in full dress uniforms. they waited in line for hours to say their final goodbyes. >> the fact that we have people coming by, not just because it is something to do. to takecoffin. there is real respect there. amna: elizabeth will lie in state for four days before her funeral next monday. on the pandemic, the world health organization projected today that the end of the global outbreak is insight. worldwide deaths fell to the lowest since march of 2020. in geneva, the director general said a turning point may finally be at hand. >> we can see the finish line. we are in a winning position. but now is the worst time to stop running. now is the time to run harder and make sure we cross the line.

about russian gas let's take the tenth of march, the european commission said that the eu should refusethe second of september, the european commission called russia's decision not to turn on the nord stream due to real estate very popular. they are a dialogue between the european union and russia, selling gas, no , it shows beautiful gas. olegko sergeevich said about the fact that most countries did not support sanctions, so it does not work 85% of the world's population does not support. let me give you an example of a beltel radio company. you know such a notorious organization of the european press on the union oh membership, in which we have been suspended. yes i am there it is true we have been associate members of the asia-pacific broadcasting union for many years and have been an associate member of the asia pacific broadcasting union . i took the information honestly was to clarify seventy-two member organizations 57 countries and regions of asia potential, the audience of 3 billion people. i visited this week, a wonderful one of the events in this organization was curious, uh,

. >> speaking of an oil price cap, another thing that the eu commission president has suggested todaye wants to see a price cap set for russian gas. is that something that could potentially happen? >> that is looking fairly distant at the moment, even further away than the oil price cap. the main factor, the predominant one is are they willing to find alternatives? this is a game to see who blinks first. but obviously to bluff you have to have a strong hand. some experts have said pressure can go for as long as one year without supplying gas to europe, finding alternative markets and still be in the green. whether eu can find alternative imports for a year is very much in question. some countries like germany are topping out and so far, they are not doing too badly. the pipeline is on the verge of being totally shut down. the total russian gas imports, very reliant on this russian gas. europe is coping. if there is a total shut off, some experts are saying that this could lead to massive problems. losing gas supplies and alternatives, it could been -- it could be 15 to 40%. other coun

stephanie: the eu commission estimates that some companies are making five times their usual profits. court in the eu largely upheld a $4 billion fine on google today for stifling competition. it's the euro bloc's largest anti-trust penalty ever. eu regulators had determined that google used its android operatg system to illegally dominate the market. queen elizabeth ii has begun lying in state this evening, after a solemn procession. crowds gathered today as the queen's coffin, topped by her crown, was carried from buckingham palace to parliament. king charles and his siblings and sons followed, with troops in full dress uniforms. elizabeth will lie in state at westminster hall for four days, before her funeral next monday. worldwide covid deaths fell 22% in the past week to just over 11,000, the lowest since march of 2020. in geneva, the director-general of the world health organization said a turning point may finally be at hand. >> we can see the finish line. we are in a winning position, but now is the worst time to stop running. now is the time to run harder and make sure we cro

kailey: we are hearing from the eu commission president ursula vander line talking about how the eu world pros a mandatory target for reducing electricity, the kind of response from government you are alluding to. as europe faces this winter, there is a sense that this is not just going to be a this winter problem. we could see years of restricted supply in europe. when you are trying to model out of natural gas prices and what they could look like, how persistently higher could they be and is that something ultimately that the consumer will just have to tolerate? edward: yes. the question is not whether they will stay higher, but how much higher will they stay. europe is moving back to fossil fuels, natural gas, and coal. they have had a double hit this summer because a lot of nuclear reactors in france had to be shut because of a lack of water to clean the nuclear plant. those will almost certainly be coming back but as we look at europe's move back to natural gas and the world's response, it will be summer 2025 and 2027 that we will see prices in europe coming back to where they were a

ambassador, to the best of my knowledge, while the missions are still there, discussions between the eu commission's continued with the united kingdom, and in any case it is a small place and the exchanges left continued. --the exchanges will have continued. while the british mission in pyongyang closed in may 2020 because of the dprk decision not to allow entry into the dprk, officials could leave but they could not reenter, so it became impossible to rotate staff and there was concern about continued resources and so on, some missions have continued there. china, russia continues there. the russian ambassador, my counterpart at the time, continues to serve in the post. but there were no european missions opened with international staff. the dprk mission in london remains open, and contact between the current british ambassador, david ellis, dr. david ellis, is now based in london with the embassies -- cordial, certainly diplomatic. this contacts do -- those contacts do continue, and david makes clear that it is the view -- the wish of the british government to reopen the british embassy in pyongya

eu commission president ursula von der leyen stopped short of accussing russia of causing the leaks ins, which run under the baltic sea, aren't currently operational but still contain gas. we can talk to our brussels correspondent, jessica parker. what is the evidence of sabotage? we don't have evidence at the moment. we have not been presented with evidence of who might have carried out these blasts, but in terms of evidence of sabotage, authorities in europe are saying that is currently what is being pointed to. there were two blasts detected on monday by authorities in sweden and denmark and, whilst at the eu is not publicly pointing the finger at russia at the moment, of course there are lots of theories as to who might be behind this and why, one of which is, would russia try and interfere with this infrastructure, even though it was not in use, in order to destabilise further the european energy market, making clear it could target other infrastructure? the kremlin today has come out and called that idea is stupid, it said it is actually america which stands to gain, i don't thin

power in this soros approved style fantasy land will belong to things like the wto, the un, the eu commissionuman rights,thel the world economic forum, and the real decision will be left to nameless, faceless committees and commissions.d and then those decisions will be carried out by the lackeys that operate here. people like mark milley, mark m anthony fauci, merrick garland, and of course, theseil mer post americans have the benefit of an entire academic system thatom advances this narrative from pretty much kindergartner's upe . and since we have almost nomost true independent press corpsame, left in america, they're not going to investigatet go or exp. any of this. instead, they either cheer or play defense for the regime. so they're not going to inquire as to why 80 , seven thousandw r new irs agents, why they're needed in america right now. >> instead, they just oh, about biden's great week. >> this has been a i mean, joe biden has been a hell of a run. he has gotten a lot done. i mean, incredible. biden h >> what joe biden has done demonstrated competency. they can run a contrast mess

hungarian minister for eu affairs, tibor navračych, hungary wants to fulfill these obligations and hopes that the measures the state will be enough to convince the european commissionalready a day after the decision, the colleague of the european commission and the minister of justice of hungary yudit varga announced that the hungarian government will conclude an agreement with the european union by the end of the year, stressing that her country has not yet lost the money of the european union. on the same day, the parliament received the first of a series of anti-corruption bills, which the european commission demanded, according to her, the government to focus on the development and fulfillment of obligations to the european union in the coming week and months however, the prime minister's primary reaction was skeptical regarding the decision of the european parliament. we think that this is from the field of jokes . we don't laugh there because it's a boring joke, and we are on direct contact yuliya osmolovska diplomat mrs. yuliya we congratulate you good day we also see in the frame of dmytro tuzhanskyi, director of the institute of central european strategy d

france has already announced the full nationalisation of its power company edf energy last week the eu commission pools to help cut consumption. europe has been preparing for possible shortages in winter by filling up its gas reserves. let's get more from berlin based energy analyst dr thomas o'donnell. thank you so much forjoining us on an outside source. let me ask you first of all, why is the german government doing this now? well, thank ou government doing this now? well, thank you for— government doing this now? well, thank you for having _ government doing this now? well, thank you for having me. - government doing this now? well, thank you for having me. why - government doing this now? -ii thank you for having me. why are they doing it now? well, to prevent a collapse. the price of gas has gotten so high for these companies, and they had depended on, as your storyjust laid out very clearly, they had depended on the russians when they said they would be dependable, that they always would be, that they would never mess with germany. that gas is not coming through the pipeline, they are buyi

one thing we understand now that the eu commission is looking at is whether they can curb speculationctor. they are looking at european energy futures. so that is on the table and being looked at. it would be quite a change. certainly price caps, restrictions on speculation are things we expect them to discuss later this week. yvonne: i have to wonder, what has been going on in the eu, does it affect opec-plus decision to make that cut yesterday? >> you have to think it did and certainly what we heard from opec-plus and the saudi energy minister, he said this surprise cut is aimed at showing they will manage global oil markets. it's not just a supply issue. what we see now is more emphasis on the demands outlook, including the crisis in europe but quite seriously the situation in china, whether a slow down continuation of covid curbs will reduce demand. so those factors are what led to opec-plus make the decision to make the small cut. paul: david stringer they are. let's -- there. the british pound is one of the best-performing currencies at the moment. the euro also showing gains as

as when the price starts, the eu commission president set out concrete measures for legislation.n the measure start to take shape. paul: the ecb says it can offer liquidity to energy firms? >> what you have is these massive, merging calls and it is causing energy traders and firms to struggle as we see the big shoot up in the prices. christine lagarde has rolled out -- ruled out a to these firms. that is the drop of the government. short-term financing a is struggling, energy traders is not the ecb's role. they provide liquidity to banks, not traders. the call on these governments to provide more liquidity. there is a concern because of the pipe what -- pipeline that has energy crisis is getting worse by the day. paul: this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a

the eu is proposing a price cap on russian gas. let's hear from the commissionn der lion we aim at lowering the cost of gas. and therefore, we will propose a price cap on russian gas. of course the objective here is very clear. we all know that our sanctions are deeply grinding into the russian economy with a heavy negative impact but putin is partially buffering through revenues so here the objective is we must cut russia's revenues that putin uses to finance his atrocious war in ukraine. for more on this we can speak to fernando valley, a senior analyst on oil and gas at bloomberg intelligence, who joins me from new york. great to get you on the programme. really interesting what we are hearing from ursula von der leyen, don't you think? the fact that they are proposing a way to dress this, this price cap on russian gas, how would this work in reality and would it achieve the goal of lowering prices? it achieve the goal of lowering rices? , ., ., it achieve the goal of lowering rices? , ., , prices? great to be here. it is difficult to — prices? great to be he

eu commission president ursula von der leyen stopped short of accusing russia of causing the leaks inand chaos would not be allowed. at least 75 protesters had been detained so far in protest right the country. nazanin zaghari—ratcliffe, the british—iranian woman, who spent six years in prison in iran has voiced her support for the recent protests in iran. in a video released today, she names 22—year—old mahsa amini and is seen cutting her hair in protest. the makers of a drug designed to slow the progress of alzheimer's disease say it has shown positive results in a late phase clinical trial. the drug is designed to remove clumps of toxic proteins that build up in the brains of people with alzheimer's. the pharmaceutical companies eisai and biogen say it was found to reduce memory decline when given in the early stages of the illness. full details of the results will be presented in november, but the data already published has generated excitement among scientists and dementia charities. millions of people in the us state of florida are trying to protect themselves against the effect

decision was made on sunday, today's decision and a clear demonstration of the commission's determination to protect the eut and use all the named tools to achieve this important goal , i said, its commissioner for budget issues, it was not the commission's statement in the statement that it proposes to suspend 65% of the obligations for the three operational programs within the framework of the cohesion policy, as well as the ban on entering into legal obligations with passions of public interest for programs that are implemented in order and indirect management. maria ionova joins the pro e p. of the european commission. i think that this is already the first step to somehow influence the internal and external policy of this member. for now, the european commission of the european union and nato - 7.5 billion, i will remind you that during for the next five years, the eu should hide from the eu direct subsidies to hungary in the amount of 40 billion euros ms. maria, please, you know. well, this is not the first time that hungary has already started such tenders. in fact, in june , such a discussion began

general assembly, the eu commission president to meet the uk prime minister in new york tomorrow.isa: maybe i want to hide because i think it will be rough. i'm curious to hear what that conversation will be like. the uk prime minister is facing it because her policies are incredibly controversial. jonathan: anne-marie is responsible for the coverage in new york city and is back in d.c. and is with us now. what about the interview with ukrainian foreign minister yesterday? did you get the sense that he's confident the resolve on the contin will hold through a tough winter? annmarie: he is confident and he thinks europe understands the crisis and not just because of the war but he claims that even before this war started on february 24, you already saw natural gas and oil prices start to spike and he said putin was trying to play politics with energy and he had done so in the paso he believes europe will maintain its result because they also do not have a choice. it's going to be incredibly difficult. the fact that you see factories starting to shut down overnight. germany is exten

announcement of a programmatic report on the state of the countries of affairs in the eu, the president of the european commission ursula von der leyen, and it was important for ukraine that during the announcement of this report, it was clearly stated that the sanctions against russia will continue, now is not the time to appease the aggressor , she said in the villages of the counter-labour, the sanctions introduced by europe are working, they are worsening the state of the russian economy, they are weakening the russian army, and therefore it is necessary to fight russia to the end and until victory , ukraine and europe will win, said ursula condere , and the third is big and very important for ukraine the question that was also voted on today is a painful humanitarian question about the crime of russia against ukrainian citizens, the deportation of ukrainian citizens in the territory of ukraine occupied by the aggressor to the territory of russia, where they come through concentration camps, humiliation, the search for nationalists , torture, and unfortunately, our children are handed over for adoption to the

electricity grid , thanks to which our country began to export electricity to the eu. two weeks apart, the head of the european commission that the eu would allocate 100 million euros for the reconstruction and reconstruction of ukrainian schools damaged as a result of the russian russian aggression, a rocket destroyed more than 70 ukrainian schools, more than 1 million ukrainian children started the school year in the european union , sending their children to school, ukrainians prepare them an alarming bag with socks, water and medicine. these are simply terrible things, so i want to announce that we will work with ukraine on rehabilitation ukrainian schools denmark will train the ukrainian military, the minister of defense of the country, mortana beskol, announced this during a visit to kyiv. the training is planned to be held directly on the territory of denmark, ukrainian officials received an offer from our partners, our military can arrive in denmark by the end of the year, denmark has a further quote, many years of experience in preparing the ukrainian defense, this was the case, for example, in ukraine from 2015

siemens claiming it was not commissioned to carry out repairs. euepresentatives made it clear they believed gas was being used as blackmail. >> it is possible russia, which is using gas and oil supply as a weapon of blackmail, will cut off supply in the future. overall, i think we are equipped to withstand the most extreme use of gas as a weapon by russia. >> on monday, the pretext of technical issues was put into question. the kremlin saying deliveries will not restart until sanctions are lifted. despite european sanctions, oil and gas exports brought in 158 billion euros for russia in the first half of 2022, allowing the country to support its war in ukraine. >> let's talk more about energy. the lithuanian government is to present a package of energy measures which would be among the largest in the eu, measured by share of gdp. some one billion euros, 2% gdp set aside for 2023, in compensation to private consumers, alongside measures to boost income and aid business. >> even the biggest companies confront serious challenges. if you do not survive

the president of the eu commission is to der leyen congratulated her saying the eu in the uk are partnersges together, from climate change to russia's invasion of ukraine. i look forward to a constructive relationship in full respect of our agreements. narendra modi said he was confident that under her leadership the partnership between india and the uk will be further strengthened. we are continuing to get reaction to her victory throughout the afternoon of course here on bbc news. let's speak to our correspondent, nick eardley, in westminster. just a broad overview, just your sense you've been getting in terms of reaction. you were there at the conference centre when it was announced. 57% of the conservative party members is the vote she won. what are people saying about that, about her mandate, about the scale or otherwise of that victory? it’s or otherwise of that victory? it's interesting _ or otherwise of that victory? it�*s interesting because it's not as big a victory as some of the polls were predicting. i think some in liz truss's camp will hope to maybe get a bit of a higher pe

eu budget. together with the ntv channel, according to its information, on sunday, the european commission may propose eu members to reduce funding for hungary and judging by everything to choose. on whom integration is the best strategy in a crisis. after all, europe itself has less and less money. now the block is experiencing a massive outflow of capital over the past six months, investors have withdrawn $ 83 billion from european funds, the reason for the same sharp jumps in valuable energy inflation and the threat of a recession, everything on the list is the result of the policy of european officials who, for the sake of blind indulgence of washington, are ready to lose their money to them mersaev news. now a short advertisement after the main financial and economic news this morning with alexandra nazarova pentalgin extrigel against pain in muscles and joints it contains the highest dosage of a substance from more inflammation and a special component for better penetration into the focus of pain here is the most profitable card for free forever 3 percent cashback on the balance additional benef

kiev asks to add sanctions in the field of nuclear energy, the european commission wants to ban eu citizens from holding senior positions in russian state-owned companies. we isolate the russian economy and causing even more damage to it, so we propose to introduce new large-scale bans on the import of russian goods. this will prevent russian products from entering the european market and deprive russia of an additional 7 billion euros in revenue, but at the same time, brussels is backtracking in agriculture and cannot withstand the ban on the import of russian fertilizers. here they are forced to suspend amid extremely high gas prices, it does not exclude that restrictions on the purchase of russian cement and other goods will be lifted. and while these holes have to be patched up with money that european countries, such as slovakia, demand from the same brussels, otherwise slovak enterprises will be closed and can actually be destroyed. you're the economy, if brussels doesn't come to our rescue then we'll have to limit the supply of electricity, for our companies, our households, to keep

eu's imported gas. now that is down to 9% according to the european commission. s get more on what the eu is proposing to do with our brussels correspondent jessica parker. >> they have outlined five proposals, as a longer lion, the commission -- ursula von der leyen, the commission president said at the executive arm of the european union is proposing a mandatory target for reducing electricity use at peak hours when it is most expensive. a cap on revenues of cuss -- companies that produce energy at a relatively low-cost, renewables. taking the money from those projects and redistributing it to vulnerable households and businesses that are struggling. also money fm fossil fuel companies to go to the same ends. and, facilitating some support for energy companies struggling with volatile energy markets at the moment. and, this cap on russian gap. -- russian gas. >> now let's hear from vitali shevchenko from bbc monitoring, particularly on vladimir putin's claims. >> president putin is a politician and former kgb operate. there is nothing in the job description for

republic they made such a proposal and the czech republic is now just the head of the eu and even the european commission that plans to recommend this funding to hungary well so far because of corruption but nevertheless, please tell me, as far as i know, there was no precedent, but can you correct me now, can we expect any sanctions from the eu in relation to an eu country like hungary, in particular for its position on ukraine, well, for its position on sanctions against russia, she does not support sanctions, she supported all the previous seven packages, although she did not mention any, the seventh was not the most. and does she support the eighth, this is the question , isn’t it more in jewish goods that such comments began in a very uh, non-public format at all can hungary continue to be a full-fledged member of the family, eh, i will add that we see well, in some moments, they are very supportive, help us , for example, within the framework of our internally displaced persons, but the energy sector is full, i would call it a catastrophe, because there are eh problematic points and additional is w

we've been committed and the president himself signed an announcement with the president of the eu commissionhe united states and other places we' we've done that we have significantly increased the exports. but it's capped at our infrastructure limit but have made sure to prioritize europe, and we've also maid de sure that there is additional natural gas and lng from other parts of the world that can be avail technology europe. and that's how wife' filled the storage and we're going to continue to do that. >> the u.s. has pushed back on those that say the biden administration has not done everything it could to lower energy prices. there's a story that says leasing is down exponentially under the biden administration versus the trump administration before it. i believe down 97% for leases versus donald trump just in the first 19 months of this administration they say there were only 126,000 acres liced thr acres leased the second lowest was under president nixon, that was 4.4 million. s substantially, substantially higher than anything we've seen to this point. >> as we stand today, the u.s.

allies that ukraine has unblocked the receipt of macro-financial assistance from the eu, today the european commission announced the allocation of 5 billion euros for our country and another 3 billion revenues are expected by the end of this year, in addition, the government has started political consultations with eu leaders regarding the new program of macro-financial assistance for 2023 we have started political consultations on the new macro-financial assistance program for 2023 we will need support from the eu of €12 billion for 2023, together with other help from allies and international financial organizations, this will cover the planned budget deficit and ensure the stability of our economy. more than fifty belarusian railway tank cars were arrested and handed over to the arma pechersk district court of kyiv. echelon with fuel entered the territory of ukraine on february 23, and within a few days at the nizhkivka railway station it was destroyed by ukrainian artillery in in april, investigators conducted an inspection of the scene of the incident and seized usable tank cars . people's deputy

for the first time in the history of the eu, the european commission recommended freezing payments foru states. it turned out that such a country, hungary brussels intends to deprive budapest of seven and a half billion euros, which were relied on under eu development programs the official reason for this decision was the insufficient efforts of hungary to combat corruption, however, many political scientists agree that budapest decided to punish for close ties with russia, let me remind you earlier, president of the republic viktor orban. he repeatedly spoke about the ineffectiveness of anti-russian sanctions and that they harm the european union itself, and here is a new publication of the politics newspaper, as the publication writes, many hungarians believe that the truth is on the side of russia because they are tired of european values, the authors articles note that after 12 years, pressure from the eu and the west demands a review of the sanctions imposed against moscow vladimir putin called on kyrgyzstan and tajikistan to prevent escalation and take measures to resolve the sit

yesterday , the european commission recommended suspending hungary's funding from the eu budget for more seven billion euros if it does not solve its problems with corruption and the rule of law. in a closed meeting that is quoted by dogs europe does not believe that ukraine will win in the near future and that it will be able to regain all its territories like hungary, in fact, it is becoming a stranger among its own, this topic is investigated by the correspondent of radio svoboda zoryana stepanenko and she joins our broadcast zoryana hello, so to speak according to the chronology, this meeting was from that orban voted his speech viktor orban was on september 10, actually, and we will start with it, the details of this speech appeared only now but is there already a reaction from the official brussels, well, what did orban talk about just a little touched on good evening early. indeed, i will say that the spokesperson of the european commission answered us today, we asked that there will be no comment on the statement of the leaders of the european union, and the eu officials really d

the european commission, intending to exercise control over the expression of the people's will in the euries, announced this. von der lein left during her speech to the audience. lein asked what the european union would do if the rights came to power in italy on sunday's elections. she replied we have the tools that we have already used in relation to hungary and poland , we recall that these two countries were deprived the right to access eu funds for the so-called anti- democratic reforms. budapest, warsaw did not receive billions of euros, however, it looks like italy will be punished not even for the government's policy, but simply for the choice of the citizens of this country on issues with tomorrow's voting, the party of italy's brothers and allied right-wing movements are confidently winning. energy crisis, in western europe is acquiring more and more tragicomic forms, the old world has moved back along the path of scientific and technological progress, here it is increasingly moving to firewood and stoves are the result of such a policy, it is quite expected that the price of fi

kiev asks to add sanctions in the field of nuclear energy, the european commission wants to ban eu citizensrom holding senior positions in russian state-owned companies. we are isolating the russian economy and causing even more damage, so we are proposing massive new import bans on russian goods. this will prevent russian products from entering the european market and deprive russia an additional 7 billion euros in revenue, but at the same time, brussels is backtracking in agriculture. does not withstand the ban on the import of russian fertilizers its production. here they are forced to suspend amid extremely high gas prices, it does not exclude that restrictions on the purchase of russian cement and other goods will be lifted. in the meantime, these holes have to be patched with money that european countries, such as slovakia, demand from brussels, otherwise slovak enterprises will close and may actually destroy the entire economy, if brussels does not come to our aid then we will have to limit the supply of electricity. for our companies, our households, to prevent collapse. we don't wa

the european commission today will propose to the eu countries on a mandatory procedure to reduce energysumption during peak hours, the european commissioner said. simpson will also be presented with a proposal to impose a tax on excess profits of companies that produce electricity from this discontent of the inhabitants of europe is only growing german cities come out to protest after leipzig against the soaring energy prices and sanctions were made by the inhabitants of witenberg, one and a half thousand people marched through the streets demanding resignation chancellor. scholz, the protest was joined and the farmers drove through the streets a column of tractors, which increased the cost energy carriers, jeopardized the operation of local greenhouses. and in berlin , the authorities of the german capital are looking for more and more new ways to save electricity, for example, they decided to reduce christmas illumination without traditional garlands, popular streets of the city will remain . , the rapid increase in the cost of energy has become a cold shower, and even the world will

most anti-russian minded among the eu governments, but the current leadership of slovakia apparently they are aware of new trends rhetoric is changing the european commission is preparing. suspend sanctions against a number of russian goods. the eu urgently needs coal, fertilizer chemicals and many, many other products, according to the agency. bloomberg is about preparing europe for winter. well, therefore, the sanctions are going to be softened promptly. in relation to a fairly wide range of goods, and against this background actually manual energy crisis in europe surfaced green. they, too, are now trying to shift all responsibility for failures and failures to russia in fact. this is the result being promoted. they are the same politicians who exacerbated germany's dependence on russian gas. german expert evgeny schmidt is sure of this. according to him, the strongest european economy simultaneously abandoned the reliable safety of nuclear energy and became a victim of green idealology. green power industry. it was a popularist slogan, which, thanks to, which the current government came to power, that is, the green and social democrats adopted the slog

eu. the european commission president pledging overhaul energy markets with measures including a tax on fossill profits. wednesday, september 14th, 2022, and "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin, and we are live at the nasdaq market site this morning we're going to check out the futures right now. maybe the best thing we can tell you this morning is at least the beatings have stooped for now. yesterday was a brutal day we're talking about a decline of the dow of almost 4% it was a drop of 1276

germany and france and the eu, the european commission are also considering freezing bills in some waye are crazy numbers. they are eye wateringly big and the question is how it's going to be paid for. liz truss has not shied away from saying she doesn't mind the idea of borrowing money in order to try and boost the economy and get it pumping on all cylinders again, so i'm sure that will play a big part in how we are going to pay for this. 0bviously that money does have to come back and be paid at some point.- and be paid at some point. there will be focused on her economic. will be focused on her economic plan, because right at the beginning there were questions... inaudible. and now we have big spending as well, it looks very much like a more borrowing at the moment. flit well, it looks very much like a more borrowing at the moment. of course. consistently — borrowing at the moment. of course. consistently throughout _ borrowing at the moment. of course. consistently throughout the - consistently throughout the incredibly long leadership campaign she referred to it, and she was heavil