tom: switching towards energy now and the eu energy ministers are gathering today to discuss joint measures to tackle the ongoing energy crisis. on the agenda is energy security and a potential cap on gap prices. this after the damage to the nord stream pipeline, what nato calls an act of sabotage. joining us from brussels is maria tadeo. what is the outlook for energy minutes -- ministers? how much does the price materially help? maria: there is a lot behind-the-scenes and the meeting now started. we have heard just a few moments ago from the energy commissioner who repeated in her view, there needs to be a russian cap on guest immediately. she also said something interesting. she mentioned that countries with which we can negotiate, partners to bring down prices immediately. the issue is that that is her view and the proposal put forward by the commissioner, but this is a europe and you need everyone to agree on this. there is tension in the way we should go about this and there is no consensus for the time being for any cap whatsoever to come out of this meeting. the other interesting th

however , it does not support energy sanctions, let me remind you that this week, hungarian prime minister viktor orban said that the eu sanctions had the opposite effect, in particular, they increased the prices of energy carriers and dealt a blow to the european economy. meanwhile, nato is ready for a decisive response in case of deliberate attacks on the critical infrastructure of the alliance members, this was announced in the north atlantic council, where nato members are concerned about the damage to the nord stream 1 and nord stream 2 gas pipelines in the baltic sea it is assumed that this is the result of deliberate and irresponsible acts of sabotage, because gas leaks threaten shipping and harm the environment, this was all the news at the moment, the updated issue is waiting for you at 19:00, read more on our website espresso tv, a summary of the main points on the telegram channel espresso tv and on youtube khrystyna yatskiv and yehor chirynda will not continue the broadcast of the negotiations after the pseudo-referendums in the occupied territories of the kherson zaporizhzhia , donetsk and luhansk regions

the package of measures will be considered on september 30 at a meeting of eu energy ministers the rapide in energy prices and sanctions were made by the inhabitants of wittenberg, one and a half thousand people marched through the streets, demanding the resignation of chancellor scholz, joined in the protests and farmers drove a column of tractors through the streets, raising the cost of energy, jeopardized the work of local greenhouses. are looking for new ways to save money the authorities of the german capital decided to reduce the christmas illumination without traditional garlands, the popular streets of the city will remain yes, the energy crisis in europe continues to worsen france has begun before the introduction of austerity measures, it was decided to turn off the illumination of museum buildings and the night illumination on the eiffel tower to save on paris alone, they want several tens of millions of euros out of desperation to stock up on firewood in a panic, the country does not have its own forests or sawmills, therefore, supermarkets are on the run in parking stores. n

president putin threatened to cut off all energy supplies if such a step was taken. euave accused moscow of using energy to blackmail them in retaliation for western support for ukraine following russia's invasion. our russia editor steve rosenberg reports. announcement in russian in his energy war with europe, a fresh salvo today from russia's president. vladimir putin warned if the west does what it's threatening and imposes a price cap on russian energy exports, say goodbye europe to russian oil and gas. translation: it's an - absolutely stupid decision. we will not supply anything if it's contrary to our interests. in this case, our economic interests. we will not supply gas, oil or coal, and they are not in a position today to dictate to us. he predicted that europe would freeze like the wolf's tail froze to the ice in a russian fairy tale. speaking of freezing, this sinister music video by the russian energy giant gazprom, shows russia switching off the gas to europe ahead of winter. it's taunting the west after russia did indeed shut down its biggest pipeline to

president putin threatened to cut off all energy supplies if such a step was taken. eused moscow of using energy to blackmail them in retaliation for western support for ukraine following russia's invasion. our russia editor steve rosenberg reports. let's step away from that story for a moment because we do just now have news that the press conference in canada is happening now. let's cross live. i happening now. let's cross live. ., ., , ., ., live. i want to provide a timeline _ live. i want to provide a timeline of _ live. i want to provide a timeline of events - live. i want to provide a timeline of events that| timeline of events that occurred this afternoon that led to his abet —— arrest and i will also provide insight into the operational work for the last four days. this is what i can share with you about the rcmp response to this investigation. on september four, the first report was received by saskatchewan's rcp operational communication centre at five a0 a.m. of a stabbing onjames smith cree nation. two officers on duty that morning were at milford detachmen

eu energy ministers are preparing for an emergency meeting on friday where a number of special measuresin in soaring prices will be discussed. for more, we are joined by our energy reporter. let's start with the dramatic news that nord stream will not be reopening after we reported that it would be carried walk us through what this means for gas supplies in europe. and how well positioned europe is to withstand the shock. >> nord stream is the biggest pipeline to europe for natural gas supplies from russia. it was only operating at 20% capacity but they needed that because germany, france and other countries wanted to refill their inventories to higher levels. without this flow, and it is likely it will not be restarted through winter, without this online, it raises the risk of gas rationing across the region. of course, germany has inventories at 95% but it is not enough to get through the winter. it puts the region in a difficult position. tom: what are the measures that officials in russells are considering as they lead up to this emergency meeting on friday? >> they are looking at t

eu energy ministers hold emergency talks today to flesh out measures in the hope of countering a gas electricity price crisis. ursula von der leyen has set out a five-point plan which includes a price cap on russian gas. it's likely to draw strong opposition from some member states. elon musk says spacex held talks with apple about using starling, to fit he. -- star link conductivity. the satellite allows iphone 14 users to pin emergency services using satellite networks. it's unclear if the talks are ongoing. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. dani: thank you very much. let's take a key look at some of the events that investors will be watching out for today. 3:00, we get wholesale inventory figures from the u.s.. 5:00, data out of russia including gdp and cpi. manus: indeed. the eu ministers are gathering for an extra ordinary meeting in brussels to discuss intervention in the energy and electricity markets. what will the shape of that intervention be? president biden travels to

measure will help to cope with the energy crisis, the european authorities should answer these questions today, but a few hours before the start of the emergency meeting of the eu council of ministers on energy , no consensus was found. so spain stated that it was disappointed with the proposal of the european commission on gas and considered them insufficient. some states the european union believes that this signal on the price limit of the maximum purchase price for gas should apply only to russian gas 15 more member states signed a letter stating that this should apply not only to imports from russia but also to any gas supplies to the european union vesele has prices for all gas from russia , the european commissioner for energy simpson proposed, and did not find support not only from spain but, for example, also from belgium, where they consider such a measure to be ineffective, and even in brussels itself fears that limiting the cost of, for example, lng could undermine the security of supply. i believe that we cannot approach this issue in the same way in relation to russia and our trusted partners. we must eliminate incentives for russia to manipulate

tom: liz truss has earmarked 130 billion pounds to help households with energy bills. and eu wide windfall tax on energy company profits. and stocks and futures waiver as european markets way unsentimental from the rba boosting to a seven-year high. francine: that is what the futures are doing. they are struggling with direction and yields are rising. you look at the pound and there was a list of the troubled pound. we are not talking about a possible imf bailout. this is like deutsche bank. futures are kind of flat. tom: uninspiring this tuesday. we have the economic risks and the economic challenges -- policy challenges for the incoming prime minister, liz truss, who surprised many by coming out early with this plan of hundred 30 billion pounds. we are waiting for additional details and boris johnson gave his dispatcher speech -- departure speech. no windfall tax so far and she pushed back on that. a subsidy for households and those energy businesses. the cac currently down 0.2%. we switch it on and see how things are playing out. interesting to see that france and germany

today, the european commission is expected to propose to the minister of energy of the eu countries to idea of ​​​​maintaining a price ceiling for russian gas, 50 euros - this is in terms of the cost of a megawatt-hour of energy, such a figure, at least the sources of the edition of the politician named the usual measurements, we are talking about a threshold of 520 euro for 1,000 cubic meters, which is at least. four times lower than current market prices, the so-called price ceiling is one of the measures that brussels is desperately taking on itself by driving into a deep energy crisis. also from proposals reduce electricity consumption during peak hours. the calculation of an additional 5% to the already announced savings is another initiative. european commission. limit the income of the electricity producer with low cost oil and gas companies. the eu also did not hide from the all-seeing eye of brussels, they will be obliged to pay the contribution of solidarity in a word, as usual, they offer to pay for their mistakes to others. oil and gas companies have been able to earn huge

the eu energy minister did not reach a decision on setting a gas price ceiling, this became known followingn extraordinary meeting. in brussels, the minister was asked by the european commission to present its proposals. it was expected that european officials would discuss the possibility of limiting prices specifically for russian fuel, but unity on this question. there is no exception to a specific source of natural gas. the simply absurd marginal price will help push russian natural gas out of the european market. and this is unacceptable. if this happens, it will lead to an increase in prices in hungary does not in any way support the vision of a limit due to risks to energy supply, other eu member states have also spoken out against a limit on pipeline transportation of gas . fine newspaper previously reported at least 10 european ones. push for a price ceiling for everyone suppliers, not only from our country among them poland italy and greece another bloomberg news agency wrote germany and austria against the maintenance of the russian gas price ceiling, as the head of the austrian.

we will talk about whether russia will succeed in blackmailing the european union on the energy issue, but the eus found itself at the epicenter of the energy crisis, which was deliberately created by russia in preparation for war against ukraine the kremlin at the same time accumulated funds for an attack on eu energy through his supporters in the highest political circles, he successfully lobbied for the construction of new gas pipelines to europe, bought the gas traders company and underground storage facilities on the territory of the eu a year before the attack on ukraine, gazprom began to gradually reduce the supply of gas to europe, which led to a significant reduction in gas resources there. and in 2022, when the west introduced sanctions in response to russian aggression, the kremlin went all-in. it blackmails europe with a gas deficit and threatens that the continent will not survive the coming winter , that's exactly what we will talk about in the near future with maksym gardusov, an expert of the reform office of the cabinet of ministers of ukraine, with me today in the studio. i cong

government alexander novak, he pointed out that one of the reasons for the current situation in the eu energynti-russian sanctions of brussels itself because of them in particular. i had to stop pumping gas through the nord stream. well the culprits this is what the west is trying to represent our country. there is a phrase, this is shifting from a sick head to a healthy one. here. now the whole problem lies precisely on that side, because all the conditions of the repair contract have been completely violated. the violated conditions. uh, for the transportation of this equipment, in addition, there were awesome sanctions, both from canada and from the european union, on the relevant equipment, therefore, they need to be brought into line with contractual terms in order for this equipment to really continued to work. meanwhile, energy resources will more than double by the end of the current year in 21, the figure amounted to 43 billion euros. now it is expected to be about 100, which corresponds to three percent of the gdp of the republic, the figure was announced by the minister of economy

southern route through serbia, above the contract by almost 6 million cubic meters per day, while the eu energy ministers will meet next week for an extraordinary meeting to discuss the coming harsh winter and energy price limits natalia goncharova news. tightening the protection of personal data, new tests for unqualified investors and the abolition of certain requirements for vehicle inspection from september 1, a number of legislative changes come into force in russia. what kind of innovations to expect will maria slobodyanskaya tell? today, for all motorists, there are new rules for conducting technical inspection. at the beginning of this year, it has already become optional in many cases; now, according to the government decree, 27 points are cancelled. instead of 82 parameters will be checked only 55. this cancels the measurement of the noise level of the exhaust system. also, the presence of a first-aid kit, a fire extinguisher and an emergency stop sign in the car will no longer be monitored. true to the rules of the road. items must still be in the vehicle. now done. the first step to

adding to the global uncertainty and we continue to watch as a developments when it comes to the eu energy big week ahead for the ecb, it is a matter of the magnitude of the moves that they opt for. as energy shock really testing christine lagarde and the ecb. kathleen: it is interesting to see if any of this angst is becoming more of a crisis every day. of that will be over into u.s. stocks. features were nearly curating -- getting a little bit more negative again. they may look at the doctor and see no matter what happens, the employment was up and it does not detract from the likelihood that the fed may do a 75 basis point rate hike. the number we have to watch now is in job. the next cpi report, how hot is it? that is what is on the market's mind. we speak to the u.s. special presidential envoy for climate john on the presence of china -- promise of china and america working together on global warming. that is it for daybreak australia. daybreak asia is next. stay with us. this is bloomberg. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobi

eu energy ministers are now preparing for an emergency meeting friday for special measures to rein in prices. we are joined by our senior executive editor for energy and commodities, will, get us up to speed on what happened? flows were supposed to come back online saturday but the shock announcement that it would not be happening. >> it turned out to be a surprise later in the day after energy stop trading for the day. markets are responding to the news that the gas is not coming back, and obviously, gas is much higher. the nord stream, which is the main link between russia and germany, and further into europe, was already operating at reduced capacity, 20%. but that was really going to matter for balances over this winter. now it looks like it is down and not coming back. traders are having to adjust expectations for how much gas of the continent will have in the coming months. francine: there was that ridiculous picture which looked like something out of my bath, this leak that did not seem like a leak, are we now pricing a guess embargo from russia? >> most people's expectations a

full-fledged alternative to rates from russia to brussels, which means that the situation in the eu energy sector will only worsen for the worse, they are preparing and citizens of the european union are asking the population to save even more and are preparing for rolling blackouts details in material. asia meridian. the recipe how to cook pasta on a turned off fire is 10 years old, but only today, when absolutely all these pasta are talking about it, the honor has fallen to become a symbol of savings between famous spaghetti. aldente, specially undercooked for a minute or two, and swollen in hot water under a lid, like between heaven and earth in italy, it’s a little embarrassing, but the recipe is already walking around the world. no, the result cannot be the same, because without fire, we soak the pasta, not boil it, if the fire is put out, the pasta will become much more difficult to digest changing habits when it is ordered to save is one thing, but in europe it is useful to try to sell it with sauce that you can not wash. it's better for the skin, everyone has already heard. now it'

thousand cubic meters, this figure was recorded on the stock exchanges immediately after the attempt of eu energyn brussels ended in failure to introduce a ceiling for prices for russian fuel. now the european union will consider new proposals. limit the price of all gas sellers in general. although this may hurt the interests of the united states, then what else ready to go. europe in order to avoid the energy nightmare in anastasia popova's report the europeans talked a lot about this and would like to follow the path of the g7 countries in restrictions. but there is not enough strength. the nuance is that russia's response measures in the event of a ceiling on gas prices would be unreasonable. the challenge, the answer will definitely be immediate. cutting off supplies does not need to be a nobel laureate to understand this politicians who until now wanted to make europeans believe that europe's energy supply can be provided without russia to face the reality of hungary slovakia was initially opposed to touching russian gas, only three countries among them italy insisted on the contrary even o

in ukraine, as well as to prevent theft of materials nuclear or radiological hungary opposes new eu energy sanctions against russia this was announced by the head of the prime minister's office, hergel gulyash, according to him, hungary is currently waiting for the full list restrictions and only when he will announce his decision. however, the country does not support energy sanctions. i would like to remind you that this week hungarian prime minister viktor orban said that the sanctions had the opposite effect, in particular, they increased the prices of energy carriers and dealt a blow to the european economy. ukraine sufficiently prepared for winter in underground storage facilities with accumulated more than 14 billion cubic meters of gas to pass the heating season with a target of 14.5-15 billion cubic meters. mini-regions expect that already in the first decade of october, the indicator of readiness for the heating season should approach 100%, and currently it is 88%. it is noted that anti-crisis plans have already been made for each region, and there are about two million tons of c

the eu energy minister failed to agree on a price ceiling for russian gas by the european commission,520 euros per 1,000 cubic meters nine countries were instructed to study the issue further, decisively against such a reckless shall , because russia would simply stop supplies, the head of the hungarian foreign ministry called the price limit a hidden energy sanction against moscow and it would turn into a tragedy for euro consumers and contrary to the interests of all eu members, it is worth noting that hungary generally raised the question, should we continue to maintain sanctions against russia, because this strategy has long failed the economic situation in europe every day it supports thoughts worse and worse austria in vienna also started talking about the possibility of lifting european sanctions from russia and the readiness to become a platform for finding compromises. man-made with the west, the energy crisis has become for europe itself a direct threat to the future of its own opinion. doctor of political sciences from lithuania vadim gross shared his opinion on this matter

vladimir putin to a complete stoppage of fuel supplies, it just happened today during a meeting of eu energyministers, according to sources, the initiative is supported in particular by the governments of italy, poland and greece i would like to remind you that in advance the price of a russian barrel and the price of russian gas are proposed to be determined at the level of an estimated $40 to $60, but we will monitor this situation to what extent will limit the price of oil, limit the price of gas in the european union will essentially depend on the income of the kremlin, which putin directs to the war in ukraine, and here is chinese , russian, er, russian gas at half price to be resold later, the bloomberg agency reports it is about several batches of fuel from the sakhalin 1 field, this agreement is beneficial for both parties, analysts say that the people's republic of china provides itself with a cheap resource, then sells it to asia, but moscow does not stop production and continues to sell gas for of high world fuel prices, the supply of gas from russia to china last month reached th

the eu energy minister did not reach a decision on setting a gas price ceiling, this became known following an extraordinary meeting. at brussels minister asked the european commission to submit their proposals. it was expected that european officials would discuss the possibility of limiting prices for russian fuel, but there is no unity on this issue. exclusion of a specific source of natural gas is simply absurd. the marginal price will help push russian natural gas out of the european market, which is unacceptable. if this happens, it will lead to an increase in prices in hungary does not in any way support the vision of a limit due to risks to the energy supply of other participating countries. the eu also opposed limit on gas pipeline transportation the financial times reported earlier that at least 10 european countries are pushing for a price ceiling for all suppliers. they are only from our country among them poland italy and greece another bloomberg news agency wrote to germany and austria against the maintenance of the price ceiling for russian gas, and the head of the austrian.

increase gas supplies and doctors' leaders are trying to stab russia today at an emergency meeting, the eu energy councils considered several options. one of them to put a ceiling in the center of supplies from our country, someone even suggested, to put it mildly, utopian ideas the european union should put into practice a radical plan to reduce the cost of energy, limiting the price paid for gas imported from anywhere in the world said prime minister, belgian alexandre de croo. in an interview with a politician to agree. european solidarity is, of course, good in words, but in reality every man for himself, according to the financial times, at least 10 countries are against any restrictions, as they are afraid that in response russia will completely stop supplying gas to europe among the opponents of restrictions. i know about the price cap proposal, but i don't know of any . somehow it would provide us with security of supply. this is a painful fact for austria to us managed to reduce our dependence on russian gas from 80% to 50%, but we are still dependent. that's why it's not something we ca

transactions with russian gas; the document will be discussed urgently at an emergency meeting of eu energyerally on friday. it is also a very important message, again from reuters with reference to own sources that the european union is preparing for shutdowns related to the energy crisis, contact us vadym denysenko, adviser to the minister of internal affairs of ukraine, executive director of the ukrainian institute for the future, we congratulate you, mr. vadim , glory to ukraine, i congratulate you, but what do you think actually happened to the northern streams, yes, they drowned, he said so, and then about kursk, but apart from the jokes, so much from the point of view, that’s all it is clear that these were detonations, it is very important to understand that three of the four branches were blown up, i.e. they, i.e., even these lawns, i.e., there is one more thread of the northern stream-2 left, and it is simply so that it does not pass through the ukrainian gas transport system, that is, from my point of view, i do not understand who it should still be theoretically even visible, ex

czech republic in the face of a sharp increase in energy prices convenes an emergency meeting of eu energy crisis caused by anti-russian sanctions threatens to have extremely negative consequences for western elites in europe a wave of protests is growing late september, under the slogan, hot autumn, instead of cold feet, sergei kalashevsky protest moods in europe italians burn electricity bills in naples and predicts mass, the closure of their favorite cafes, the czechs go to wenceslas square in prague and demand the resignation of the government, and in magdeburg, the germans write on posters energy prices and inflation. a threat to democracy in the country is the wave of protests that has swept across europe in recent days. this is just the beginning of that very hot autumn, which representatives of the german left parties have long been talking about, social protests and dissatisfaction with the high prices for food and electricity, which the german left parties exploited to the fullest suddenly became popular and governing forces. so not the ability of the authorities to cope with the

countries this quote, maybe that's why the meeting of eu energy ministers proposal to limit the pricentime, let's return to germany, the inhabitants of leipzig demand to reduce the price of cologne gas. lift sanctions against russia and put nord stream 2 into operation, but who you definitely won’t meet at protests these days is german chimney sweeps. unthinkable records chimney sweep in the third generation nina zikher understood the matter very hot week for me many clients in the next few years. i will have 150 clients , germans and english more and more often. in gavaeva and somehow the concern for the environment has faded into the background, living warm this winter in europe seems ready to be put under the knife, even the green ideas that europeans have been telling the world about in recent years seriously want to take up axes and start cutting down of their own forests, so that the euro bureaucrats retrained tonberg, ready to defend the european sand with their breasts. oh and now a question life and death for ordinary european inhabitants, who wins? the activist demanded a ba

infrastructure is a little more maneuverable, plus we can, thanks to the fact that we work in parallel in the eu energyn money, but we can m- m to get er resources, that is, ideally, if there are no arrivals, then er, we have er, in principle, the winter can pass without problems, because the resources in underground storages are balanced, because um, it has sharply decreased because of the war, industrial consumption, i.e. the population and communal heat energy remains the main consumer, but it is necessary to have an action plan, yes, sleeping bags, sleepers , in case there is physical access to the thermal infrastructure. well, hutsul sleepers are beautiful. new designs , i hope that ukrainians will soon be able not to think about flights, but to think about how to furnish their homes, how to make them more beautiful to the envy of russians. thank you, gentlemen, for the conversation, viktor galchynskyi economist, express secretary of naftogaz of ukraine and oleksiy savitskyi, editor-in-chief of gaz pravda information consulting center were with us, we are moving on, we will talk about energy serhi

robert habib spoke out against the embargo on russian gas, he said this in brussels at a meeting of eu energybik pointed out that some european states are too dependent on supplies from russia and this connection cannot be broken, but hungary, at the same meeting, spoke out in favor of lifting the sanctions head. country mida. rossiyart put this before the leadership. there is a question is it worth it to continue to maintain anti-russian restrictions, which are more harmful to europe itself? today i asked the european commissioner for energy a clear question. how long does the european union intend to continue the policy of sanctions? because politics eu sanctions have not lived up to expectations, the sanctions have not given anything, the military operation in ukraine continues, and the economic situation in europe is getting worse. i was expecting a clear answer to my question from the european commission. but of course, i didn't get it. hungary doesn't meet with understanding. at the neighbours, the czech minister for european affairs spoke in the spirit that if hungary does not support

he goes on to say we want more insight on energy prices and he wants eu compensation from energy firms. he is backing in eu wide windfall tax and backing common gas purchases edit eu level. we are expecting energy finance ministers meeting friday. we also heard from ursula von der leyen talking about liquidity measures to help support some of these energy companies. emmanuel macron saying he backs in eu wide windfall tax. we see him speaking on that in paris. as we wait for him to get questions, let's bring this back to samuel toombs -- the samuel tombs, who is still with us. it was also mentioned about the income it would bring in that would help to bring it to people. we saw something in the u.k., liz truss, her position is not as strong. what you make of energy windfall taxes on those companies? are they effective? is this something more countries and the u.k. should continue to consider? samuel: the u.k. has already dabbled with this. rishi sunak announced a windfall tax earlier this year. you cannot just tax away the problem and raise enough money to support consumers. like we saw

governments are nationally announcing at the moment and happens on the 30th of september at the eu energyrisis music which will actually show how europe can actually withstand all of this. at the moment it all looks very piecemeal and that's not encouraging for businesses because at the end of the day they need a much more stable energy price environment to actually be able to compete on the global stage. and that's really where europe's biggest problem is. dani: i'm afraid we are going to have to leave it there. great catching up this morning. bubble strategist and chief economist adm investor services. coming up, stoltenberg condemns the kremlin's war plans in ukraine as lacking legitimacy unlikely to worsen the situation on the battlefield good we will bring you our interview later this hour. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and wh

eu energy ministers meanwhile are holding in -- holding emergency talks to thrash out common measures in the hopes of countering a looming gas and electricity price crisis. the european commission president has set out a five-point plan that is likely to -- likely to draw strong opposition from some member states. japan's top foreign affairs can -- official says he is keeping all options open if the recent moves in the yen continued. he sent the country's strongest morning at on the currency's recent slide. he says fundamentals alone cannot justify the moves he says are pretty excessive in recent days. and janet yellen wants to see tax prices on the rich and companies to help pay for social spending. less than two months out from midterm elections, yelling highlights what she sees as the biden administration's economic policies. health officials in china are telling people to minimize traveling to other cities during the national holiday to prevent the spread of covid. they hope the government may relax restrictions after a party conference in october. in a reversal of its guidance in

robert habib spoke out against the embargo on russian gas , he said this in brussels at a meeting of eu energywrites bild. khabib pointed out that some european states are too dependent on supplies from russia and this connection cannot be broken. the former commander of the army of the serbs of bosnia and herzegovina, ratkom ladić, was hospitalized in the hague by doctors and diagnosed with he had inflammation of the lungs and ischemic in the heart, as his son reported the condition. the general’s severe gaga doctors hide data about the general’s health and provide the results of the examination with a great delay during his imprisonment in the hague, mladich suffered three strokes in prison, a heart attack, according to the defense in prison, he was not provided with assistance, and the treatment was carried out with paracetamol. her general was sentenced to life imprisonment by the international tribunal for the former yugoslavia. but large-scale festive events are taking place in moscow this weekend too. events, the capital celebrated its 875th anniversary in all areas concerts festival fa

separate issue for itself , ansa, the largest in italy , claims that today at an informal meeting of eu energyello will not be discussed in detail. not to mention specific decisions , diplomatic sources of the agency emphasize that such an important issue is resolved only at the level leaders of countries and the nearest informal event will be held on october 6-7, but the official summit in brussels on october 20-21, in other words, the decision may drag on until real cold weather, when it will be especially difficult to make it. now, to other topics, russian banks that have been sanctioned will be able to return foreign currency deposits in rubles to legal entities residents, the conversion will be carried out at the central bank rate on the date of execution of the corresponding cash desks of the president, designed to stimulate businesses not to keep funds in toxic currencies, if a legal entity or an individual entrepreneur who still decides to keep money in them, he must share the risk with the bank if it falls under sanctions. the russians, meanwhile, bought a record amount of yuan in a m

that today the subject will not be discussed in detail at the informal meeting of the heads of the eu energyntion specific decisions, diplomatic sources of the agency emphasize that such important issues are resolved only at the level of country leaders and the next informal event will be held on october 6-7, but the official summit in brussels on 20 - on october 21, to put it simply, the decision may drag on until the real cold weather, when it will be especially difficult to make it. now, to other topics, russian banks that have fallen under sanctions will be able to return legal entity into residents foreign currency deposits in rubles, the conversion will be carried out at the rate of the central bank on the date of execution, the corresponding presidential decree is intended to encourage businesses not to keep funds in toxic currencies, but if a legal entity or individual entrepreneur decides to keep money in them, then he must share the risk with the bank in case of hitting that boys. the russians , meanwhile, bought a record amount of yuan in a month. in august, the chinese currency w

the eu director of energy is speaking from brussels. s looking at energy price caps this week but also saying there are other things that are going on. the eu is considering energy demand reduction tools and a windfall tax on energy companies. we have this at estate levels in some cases, but not at the eu level. we will see how that will develop and we look forward to that meeting on september 9. oil is lower this morning. demand consent have escalated as china locked down chengdu on a flare up of covid cases. the volatile macroenvironment has investments shutting down, including on commodities, pushing the ringback higher. the dollar is higher and the commodities are weaker this morning. joining us now is bloomberg's james. bloomberg has been fighting for a few months now, given the volatility within that. does the slide is in oil prices continue? >> certainly the demand concerns that do not look to ease any time soon. one of the reasons we saw tightness this summer where that people thought china finally had covid behind it. this flare

since then, the eu has moved to cut its reliance on russian gas and oil, causing energy prices to soarthe situation deteriorated further at the beginning of september, when russia's gazprom said it was closing a crucial gas pipeline to the eu. again. the kremlin says the closure is due to technical issues, contractual obligations, and international sanctions, placing the blame firmly on brussels. eu officials refute his claims and accuse russia of trying to blackmail that bloc. >> they say we are using energy as a weapon. they put themselves in the situion and do not know what to do now. they abated themselves into a sanctions corner. reporter: last week, g-7 nations agreed to a russian oil price cap to reign in russia's revenues and stabilize energy markets. now the eu's commission president is also calling for a cap on gas. >> we aim at lowering the costs 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 p

the ursula foundation said that in six months the eu could end up depending on russian energy resourcesshould norway, according to the fund, until february this year, 40% of gas imports to the eu from russia are now supposedly. only nine percent. however , they are not sure of the correctness of honor foresud, not only we are with you, but she herself see german law already. they are holding a master class, how to wash your hands correctly and economically, the next step will probably be video tutorials on how to wash yourself with one wet napkin and tips on how to have dinner without turning on the light of your impudence, and warsaw , after the poles presented a trillion bill to the germans, they remembered that the polish czechoslovakian border. in the fifties they drew something wrong. as the building of the polish-lithuanian commonwealth is spelled . raised again officially questions about the transfer of part of the border lands to the czech republic. who and with whom shared in the last century, poles sneezing slovakia, quietly keep silent about it. and we will remind you. it was

eu energy ministers hold emergency talks to thresh out common measures.ean commission president has set out a five-point plan includes a price cut -- officials in china are telling people to minimize traveling to other cities during the national day holiday to prevent the spread of covid. the government may relax restrictions after guidance. the national health commission now requires all regions to conduct regular pcr testing. japan's top foreign-exchange official says he's keeping all options open if the recent moves with the yen continue. the strongest warning yet from the currency's recent slide. fundamentals alone cannot justify the move that he says has been excessive in recent days. that is the bloomberg business flash. francine: stay with us this morning as we continue our special coverage of the remarkable reign of queen elizabeth ii. ♪ >> queen elizabeth ii was the rock on which modern britain was built. >> i had the opportunity to meet her and she was an incredibly gracious and decent woman. >> queen elizabeth ii has been a wise and encouraging

energy crisis. norway has become the largest supplier of gas to the eu and, as the european media write, shamefacedlys, the current descendants of the vikings are turning into a kind of arab sheiks and proudly refuse to make any discounts to european consumers. well , because business is business, our partner tatyana proskuryakova tried to understand how and why european unity forbade and who was already in in the near future they may be asked to leave the european union . the main symbol of the norwegian energy miracle being today the main exporter of gas to europe, norway itself receives 90% of its energy from wind and water, green electricity 2 years ago they began to sell the gospel by laying a cable tray of the north sea. there are only 1.5 million utah, houses receive electricity from it british media immediately dubbed norway the giant battery of europe and now, unexpectedly for everyone, the battery has gone down the reason is that it was too dry summer, director station points to the white rocks here is how much earlier it was filled, the reservoir, on which the power depends, the water leve

the eu energy minister failed to agree on a price ceiling for russian gas, the european commission, whichorward a limit of 520 euros per thousand cubic meters, was instructed to study the issue, gave nine strangely, decisively against such a reckless shagovitz. russia will simply stop supplies the hungarian foreign minister called the price limit a hidden energy sanction against moscow, it will turn into a tragedy for european consumers and is contrary to the interests of all eu members it should be noted that hungary generally raised the question of whether to continue to maintain sanctions against russia, because this strategy has long failed the economic situation in europe every day, it is getting worse and worse to support the thoughts of austria in vienna, too, they started talking about the possibility of lifting european sanctions against russia and their readiness to become a platform for finding compromises. man-made with the west, the energy crisis has become for europe itself a direct threat to the future of its own opinion. doctor of political sciences from lithuania vadim gr

consumption by 15%, and now the icing on the cake of the eu energysis is the dependence on gas supplies from the us and the ubiquitous poland, experts do not exclude. that it was this pair that had profitable emergency breakthroughs at once on two russian gas pipelines in the baltic sea and despite the eu's statement about sabotage, the investigation is moving slowly. russia demanded to convene an urgent meeting of the un security council, but the blow was dealt not only to russia to pay. european consumers will also have to decide how these man-made accidents threaten europe and who benefits from this oleg romanov will continue the topic? already for two days, the surface of the baltic sea on the borders of economic soundings and sweden looks as if it is stormy here, water is boiling hundreds of square meters of the sea surface is bubbling and worrying, and giant gas bubbles nord stream-2 rise from the depths. although not used for deliveries to consumers , it was filled with technical gas to compensate for external pressure, which would easily crus

brussels imposed energy sanctions on eu countries and since then since then, energy prices have skyrocketedtually paying a penalty surcharge to the cost. the government has taken the initiative of the faction, fidas, we are launching a national consultation on the issue of sanctions for everyone. i ask you to express your opinion, because only by common efforts. we can put an end to the increase in the price of energy, but for now, gas prices are rising the day before. they added 10%. for a thousand cubic meters they ask for more than 2,000 dollars, following the rise in gas prices for electricity, the prime minister of slovakia said that this could kill his financial aid 5 billion euros strain gas prices. so on wednesday, a rally against the government was held in the capital of the czech republic, just like in brussels, washington continues to follow the course of sanctions on this wall street journal, new restrictions can be placed on the settlement depository and other financial institutions. however, when considering sanctions against gazprombank, the united states will take into accou

alix: let's stick with the eu energy crisis. bloomberg's rachel morrison joins us with the latest.est take away from the meeting in brussels is nobody agrees on anything. what is the unity or disunity like? rachel: that is what we have seen, the reason why we have not got very much detail is because ministers knew they could not hold things up today. they cannot extent discussions for hours and hours because the pressure is on to keep this rolling. that is because the pressure is on and the timing, it will be hard to agree to something since all the countries they can all agree on, so that will be one of the main problems is trying to get that done quickly. guy: what are the biggest issues right now? where are they most divided? rachel: one is the possible cap on russian gas prices, on imports. that was probably not going to be discussed in great detail because they were expecting huge division. we were told in the detail we got that could be extended to other countries. that is going to be controversial as well. we have heard the reaction to that being it could really mess up the

eu energy ministers meeting in brussels to discuss the current supply crisis gripping europe. 10:00 a.my a time we are expecting cpi -- 10:00 a.m. u.k. time we are expecting cpi data. alverson is scheduled to speak in amsterdam. then data on u.s. personal income and spending, followed by the university of michigan consumer sentiment survey. that is something that has dictated some of the fed's policy direction. speaking of which, the fed will be speaking at a conference on financial stability in new york at 2 p.m. u.k. time. definitely have some thoughts on financial stability, but i want to go over some of the more corporate stories that happened in the u.s. late yesterday, really adding to this risk, adding to a quarter of 32 trillion dollars worth of market value wiped off equities. in the background we have had strategist from morgan stanley all over the past two weeks winning of an earnings recession. some of the stories we got overnight will do little to assuage fear the cracks are beginning to emerge. first there is meta. it happened during market hours, it fell after its first e

energy policy. that's trying to change. the eu is trying to change that now. orts by the 27 member states to come together and try and approach the energy crisis as one. but you are absolutely right. it is limited to how they can respond to this. i think this is going to feed into fears about europe's energy security. obviously, there's been lots of concern about price rises that have been feeding into inflation. the sense that europe was too dependent on russian gas has been building ovhe last few months. it has meant that countries have been reducing their dependenc on russian gas over the last few months. but this is reminding countries and reminding policymakers from brussels how exposed the eu is when it comes to energy provision. ♪ >> now, we've got some breaking news to bring you from iran. president -- the president has been speaking in just the past few minutes, following days of unrest across iran following the death of a young woman who died in police custody. now, the president has said that mahsa amini's death has saddened all of us, but he warned

utilities to the energy crisis in the eu led to anti-russian sanctions germany residents demand to lifteturn nord stream 2, and continue on voronin flags balloons posters and music at first glance it may seem that there is a holiday in amsterdam, but local residents took to the streets to protest against the government that drove the country into an energy crisis the netherlands is in trouble . the netherlands in trouble prime minister riotta's cabinet, with its anti-russian sanctions on the abandonment of nord stream 2, threatens the local population with shutdowns of both gas and electricity, according to the netherlands economic research institute each dutch family - this winter will not be able to pay the bills due to the growth of valuable energy resources. the same outcome is feared in germany, where the cost of energy resources has increased by at least 38% compared to last year. thousands of germans took to the streets of miltenberg, speaking out against the price hike, as well as the energy surcharge, which will be valid for all gas consumers from october 1 for every kilowatt -

experts are predicting the old world, large-scale industrialization. for thousands rallies against eu energyin close action praised rostock stuttgart dortmund. the germans demand the lifting of sanctions against russia, the launch of gas pipelines, the reduction of energy tariffs and the cessation of the supply of weapons to ukraine, many italians are also in favor of dialogue with russia, the protesters are afraid of the closure of factories and mass layoffs due to the energy crisis, english football clubs are ready to reschedule the time of the matches from evening to day you do not waste electricity on lighting stadiums in the uk, let's say, in general, now the situation is similar to this you know, well, as if prehistoric yes, the period when the inhabitants of the uk, the poor, the poor, have to choose between a basket of food and heating. uh, in your home , the rise in prices for heating gasoline and electricity hit the poorest europeans the hardest. on average, in europe, retail prices in 2022 will increase by 73% for electricity, for gas by 122%, for gasoline by 36%. these are the da