. , ., , , ., , what about the european central bank. , .,, ,, bank. seems to be split on what they — bank. opinion seems to be split on what they are _ bank. opinion seems to be split on what they are going - bank. opinion seems to be split on what they are going to - bank. opinion seems to be split on what they are going to do, i on what they are going to do, whether they will pause or not. you're absolutely correct. and from various members of the federal reserve. but surely they are not there. the european central bank is well behind in terms of controlling patient. it's still much, much higher the current target. we think the european central bank coming on thursday will increase the interest rate by 50 basis points and i think that there could be another three more interest rate hikes by the same amount for the rest of the year. why? because inflation is still immensely painful for the inflation is still immensely painfulfor the european painful for the european central bank. painfulfor the european central bank. yes there is a possibility that p

the european central bank is well behind in terms of controlling inflation. till much, much higher than the current target. we think the european central bank coming on thursday will increase the interest rate by 50 basis points and i think that there could be another three more interest rate hikes by the same amount for the rest of the year. why? because inflation is still immensely painful for the european central bank. yes, there is a possibility that perhaps the first interest rate hike could be 25 basis points but coming this thursday, 50 basis points, it will remain wide open for another interest rate hike for at least another 50 basis points. interest rate decisions aren't the only things we are keeping our eye on this week. it's also earnings season, and on tuesday, the two tech giants competing for al services will report their second—quarter earnings. of course, that's microsoft, and google parent, alphabet. the world's leading aircraft makers, boeing and airbus are also due to report a demand for new planes as flight traffic rebounds, following the

more monetary tightening though in the united states, i'll be moderate tightening, and the european central bank wants to keep raising interest rates as well. what will be the knock on effects for developing asia as well? obviously higher interest rates in the us or europe put financial pressure on the region. so it leads to money kind of worth of funds flowing away from asia and back to the west. it creates pressure for depreciation of currencies . so because there's so much uncertainty about how much tightening is really needed in the us and in europe, i think we'll just have to take a weight and see we're certainly priced in some continued increases. but if the core inflation remains stubbornly high in the us in europe, and the fed and, and the european central bank continue to be aggressive in raising hikes more than expected. then that will certainly create financial pressures in the region in asia, which will not be good for growth because eventually it may lead central banks. and the reason to want to raise their interest rates in response, which will kind of cut off investment in growth

for now this part of inflation is sticky and the european central bank won't be too happy about that. talk to you, thank you for your thoughts. to china now, and we've seen further evidence the country's economy is under pressure. their latest manufacturing figures once again show weakness in, what is, the world's second largest economy. forjuly, the purchasing managers' index came in at 49.3. any figure below 50 shows contraction and that means for four months in a row the manufacturing sector has got smaller. for some economists, alarm bells are ringing about the outlook for china, but officials remain confident this is a short—term blip. only last month, the chinese premier li qiang said his country was still on track to reach its annual growth target of around 5%, a modest target after china grew just 3% last year, one of the weakest showings in nearly half a century. one economist told us the country's recovery is uneven. i think this set of data tells us that the recovery is felt very unevenly across different enterprises. larger enterprises faring fairly well, smaller ones, not

let's go to france for news from the european central bank, which has increased the bank interest rate ninth time in a row. sanctions against russia and financial support for ukraine are two factors that have put pressure on the european economy . let's see press tv's report together. institutions related to the european union say that 96 million and 500 thousand people in the member countries of this union are exposed to the risk of poverty are people who in the repayment of their loan, the problem of the superiority of the european central bank has increased the interest rate for one consecutive time, and an increase in the interest rate next september is not ruled out. options for continuing the increase in the interest rate or stopping this process are on the table, we also know this. that the decision about this will vary from one meeting to another because i want to make a decision based on statistics and figures. taxes are good, but it does not tell the whole story. the republic of ireland is apparently one of the best performing economies in the eurozone. it gives an unpreceden

from france, let's go to the news of the european central bank, which has increased the bank interest the ninth time in a row. institutions affiliated with the european union it is said that 96 million and 500 thousand people in the member countries of this union are at risk of poverty, people who have problems in repaying their loans after hearing the news that the european central bank has increased the interest rate for a consecutive time, and an increase in the interest rate next september is not ruled out. the options to continue raising the interest rate or stop this process are on the table. we also know that the decision about this will vary from one meeting to another, because i want to make a decision based on statistics and figures. the tax is good, but it does not tell the whole story. for example, the republic of ireland is apparently one of the economies in the eurozone it shows the unprecedented number of 12,500 people, including thousands of children, in this country. sanctions against russia and financial support for ukraine are factors of great pressure and the econo

in the next hour we are expecting similar news from the european central bank — which sets rates forncy. next week it�*s the turn of the bank of england — with another rise widely expected. but with inflation starting to ease — are we finally seeing the peak in the cost of borrowing? and when can we expect rates to start coming down again? let�*s get the us perspective first from michelle fleury in new york. the federal reserve has moved with unprecedented speed to get inflation under control. since march of last year, it has raised its benchmark rate by five point 25 percentage points. its latest move is likely to push up the cost of borrowing for businesses and consumers even further with inflation showing prices rising more slowly than a year ago the key question at this press conference was whether this rate increase was the last of again later this year but he wouldn�*t be drawn. i later this year but he wouldn't be drawn. ,., , later this year but he wouldn't be drawn. _ , later this year but he wouldn't be drawn. , . ., , drawn. i will say it is certainly ossible drawn. i will

frame has difficult this is going to be for the european central bank in 30 minutes time for presidentto deliver that news conference. maria: this is going to be a very difficult communications exercise for the head of the european central bank. on the one hand we know they will hike 25 basis points. that was the guidance to the market. the big question is, what happens next? you have been talking about data, some of it very soft. it wasn't just germany this week. you had significant downturns coming from economies like france. we also had that lending survey. that core inflation is sticky. the market will be focused on any bias potentially in this decision. i'm not sure they want to do that. if anything, the european central bank wants to go for the most neutral possible the most options open. look at the data, say, look back in september and see where we are. there would be a lot of questions to get an indication of where they want to go. but i'm not sure she wants to do that yet. jonathan: you follow the speakers. the individual members of the governing council, the traditional hawk

echoing from hungary, the prime minister of latvia more than curry criticized the refusal of the european central bankhe profits received from russian assets frozen in the european union . he said this in an interview according to the bloomberg agency, according to him, the european central bank says that they are afraid of the risks that they may face in the eu due to such a move, in particular , bankers say that such a move could undermine the position and attractiveness of the euro for investors due to border, however, the head of the latvian government insists that the damage from non-taxation will be greater than as a result of it. well, in moscow, they immediately commented on this statement and the refusal of the bank center, and they, on the contrary, say that the deputies of the european parliament are doing everything correctly and that this is very serious news, they called on the countries whether the leaders of the member states of the european union demand from the international criminal court in gaza an arrest warrant for the self-proclaimed president of belarus, alexander lukashenko, s

the european central bank expected to follow with a 25 basis points move. traders ramping up protection against state yen surge. volkswagen made us $700 million investment in xpeng. blackrock heading back to india. >> asia is trading close to session highs on optimism the fed is close to the end of the tightening cycle. but they said they are data dependent. a lot can happen. pretty much a green across the board. a lift for the asx in particular. the kospi also up. the chinese one -- yuan. in the bond market, we are seeing what we saw overnight in the treasury space. we are seeing yields trending lower. the ecb is next. what will he do in september? that is the big question. rishaad: straight to bangkok, a look at the open. political intrigue with the possibility of the return to the country. we are looking also the ministry of finance lowering the gdp growth estimate for this year to 3.5%. a rebound in foreign tourist arrivals which is not quite what they were expecting. a quick look at the indian market. futures indicating a gain. a lot to be looking at h

the european central bank today raised its key rate by a quarter percentage point, the deposit rate was.75. this is the ninth promotion in a row. and although the annual inflation in the eurozone continues to decline in june, it was 5.5% - this is the minimum for a year and a half, but it is still higher than the goal set by the european central bank of 2%. therefore, today's decision on the cb rate is explained by the fact that inflation is still high and will be so for a long time, but despite this, european ones. stock exchanges are growing powerfully today, because to raise rates. they were already ready and the main thing was for them to hear today signals about the future decisions of the ecb. if, following the results of the last meeting, the cb gave a clear signal that the rate could be raised again at the next meeting, today the head of the ecbristin, lagarde, admitted that investors would not change the rate at the next meeting. well, it’s true, the ecb is very close to ending this long cycle of raising rates, something similar is happening, and in the united states, the feder

july was seen as a necessity for the european central bank. i will be curious to see what kind of forward guidance we get our maybe we don't get any. we will wait for the forecast we get in september and just take it from there. lizzy: we will be monitoring the ecb decision with you throughout the day. >> what is been clear is that in the last month we've seen european debt it really deteriorate, clearly showing the ecb is in restrictive stance. there's a lot of questions out there saying could we see the ecb cut before the fed, but i want to remind everybody, the ecb only has one target, that is inflation. they do not have a growth target. lizzy: i want to get back to earnings because you touched on the market impacts. it was better than expected, meanwhile you have meta shares jumping in extended hours after it posted a revenue beat and a forecast return to double-digit revenue growth for the third quarter. so that's the rest of the earnings picture there. some of the developments we are watching through the day, at 1:15 p.m. london time, we

decline in manufacturing the disappointing days that is expected to strengthen goals for the european central bank to stop racing interest rates. germans, 4th, resigned adi das has made over 500 main euro selling trainers formerly endorsed by coming west. the companies separate types with a wrapper after he made on the submissive remarks, but laser decided to sell its remaining inventory is as part of the proceeds, will go to charities comprising racism. and now would you be willing to provide a scan of your eye in order to get ahold of a new crypto currency, that is what is required to authenticate your identity. if you want to use worlds quite a new form of digital money that has just been launched. is the brainchild of some old months the you of open a i the company behind a child to be. this guy has looked like this. um, the company says they are necessary because a i is make it more difficult to distinguish humans from false. the release comes as regulation is increasing, may crack died on crypto over fear is that is enabling fraud and unhealthy speculation. despite is name world coined will

funny for char, in rico, and now to some of the other global business stories making news. european central bank has announced a new 25 basis point re type reading it's key interest rates to 3.75 percent. the if you begin this journey to tackle high inflation a week ago on wednesday, the u. s. federal reserve also increased interest rates. oil firms including james shaw and to tell energies, reported sliding net profits in the 2nd quarter. oil and gas prices fell in the past 6 months. the development that follows record energy prices after the invasion of ukraine by russia, one of the world's heat energy producers. the international energy agency says global coal consumption at a record high in 2022 and is expected to stay at this level. for now. according to the report, the coal consumption grew more than a 3 percent last year, surpassing a 1000000000 tons of such a strong demand from china and india. now some of that, coal goes into powering electric vehicles and china for example, for decades, china has been the biggest market for german car, brand folks button. but recently, local car makers

as in europe you see that germany is already in a technical recession since last july, the european central bank, raised interest rates eight times in a row, yes, four percent. added christian sevin, this makes loans more expensive. now there are problems with already issued loans. this applies to households with their e, sort of congestion, increased significantly mortgage payments. tomorrow loans. payments have increased exponentially. this applies to firms in the service sector in trade in industry, which in turn were credited previously at very low european rates, the central bank had a zero rate, and now this rate is more than three percent. and it turns out that hmm but no matter how it makes no sense to borrow while you observe, as it were, such problems, yes, that is, no, but american investment, yes, which is in question. well, why should he come to the market of the european union europe , according to the europeans themselves, lags behind sector by sector in the rating of the fortuna global agency in terms of revenue, european automakers have already diluted the chinese families of th

that is the pointing days that is expected to strengthen goals for the european central bank to stop racing interest rates. germans, 4th resigned. audit also has made over 500 main euro selling trainers formerly endorsed by county west the companies, separate tides with a rapper after he made on the some basic remarks, but later decided to sell its remaining inventory. it says parts of the proceeds will go to tires, ease called boss, and racism. and on december, now would you be willing to provide a scott of your i, in order to get ahold of a new crypto currency. that is what is required to authenticate your identity. if you want to use world quite a new form of digital money that has just been launched. is the brainchild of some old months the jo of open a i the company behind to chop to be. this guy has looked like this on the company size. they are necessary because a, i is make it more difficult to distinguish humans from false. the release comes as regulation is increasing. the crack died on crypto over figures that is enabling for an unhealthy speculation. despite its name, wor

that is interesting because the wage pressure picture is of key focus for the european central bank youan see the euro is trading lower against the dollar we are down .30% that is more of a dollar story given the euro story with the dollar showing strength after an unchanged set of sessions last week >>> let's check on the broader markets. european equities trading higher a further .30% last week was strong for equities on both sides of the atlantic stoxx 600 gaining 2% over the week which was in line with wall street a touch light, but broadly in line the gains come after a strong session in asia despite the factory activity growth slowing in june with the pmi slipping to 50.5 over the course of the month. now in terms of regional performance, here is the split from the market perspective. you very broad based gains this morning. ftse 100 is up .20%. dax up .30%. cac 40 in france with a bid this morning. smi, the defensive part of the market, performing well. ftse mib up .9%. you have basic resources putting in a strong performance up 1.5% this despite the china factory growth activity

inflation and then the central bank of america's solution to increase the interest rate will create economic crises. he does it from time to time until some time ago the impact was on europeanntries, especially do you think that now that the central bank of the central bank has started this work, the economic crisis before the world and the economy of europe and the united states , let me tell my wife very briefly, yes, the federal reserve, the central bank of america, with its monetary and financial policies and a change in the interest rate can control problems such as inflation. at present, many analysts are of the opinion that if the federal reserve controls this inflation rate , the financial markets will face a serious crisis, and it is possible that we will see a serious crisis like in 2008. in the field of banking, we should actually be in america, which is good have negative effects on the american economy, of course, it seems that in china and smaller banks will be under more pressure and it will move towards smoothing, but in general, in fact, if this problem arises, it can have other dimensions in other regions. including europe, it will leave more negative effe

the european central bank, they might want to talk about hiking but they might have to reverse more quicklyhan anybody so they are certainly a candidate for having a short timeline between the last hiking first cut. the fed has probably got more room to play with the labor markets, still very strong in the u.s.. there is no sign of any slowing down for the consumer's of the fed can probably at least go through the end of this year whether it still next year the european central bank certainly has a much more difficult job. unless the data turns around very quickly they will be under pressure to start thinking about a rate cut. possibly toward the end of this year. >> thanks to bloomberg's mliv strategist mark cranfield, we will watch those ecb fed and boj decisions closely. coming up benjamin netanyahu's government has passed a controversial bill to limit the powers of the judiciary in israel, we will bring you more on that next. this is bloomberg. ♪ wake up, achievers. you're making the most of every hour of your life. except the hours that you're sleeping. so why do we leave so much untap

opinions seem to be split, in terms of the european central bank, and what they are going to do next as well. what is your assessment on that? well, here we have a fairly clear signal actually that the ecb is still raising interest rates, but here too in europe, going forward, we are probably closer to the end of the tightening cycle than the beginning, because you see the economy is starting to respond to early interest rate hikes, and eventually inflation will drift lower, and of course central banks look forward six to nine months, so we have to think about where will inflation be early next year, if we change interest rates now, and so that's why we are getting closer to the end of cycle there as well. in terms of the bank ofjapan, which has a new governor of course since april, there were some expectations among investors and traders that they might actually start to change its monetary policy, but they haven't really done that, so what are you expecting there? well, they meet a day later, on friday, and here, as you rightly say, there was an expectation that they might nudge up

federal reserve chairman jeremy powell and european central bank president christine lagarde understandt gold is very sensitive to rising interest rates because the opportunity cost of holding and unyielding bullion increases. give the data of the central bank of america activities american and european trade decreased in july, and this indicates that the end of the interest rate increase cycle is nearing. according to the expectations of global market analysts, traders are waiting for the federal reserve to raise the interest rate in the range of 5.25% market percentage for 2024. gold's best bet to reach record highs will be when the federal reserve ends the auto contraction cycle , an exchange closes lending services , bitcoin investment fund exits, and u.s. regulators insist on legalizing digital assets in today's crypto market close. aruzha coinbase has informed its users that the platform's lending services are going to be gradually shut down. this program, called baro, previously did not allow customers of this exchange to use their bitcoins as collateral and borrow up to one mill

and you're not 100% certain what's going to come next stop opinion seem to be split over the european central bankthey're going to do next as well, what is your assessment on the? we have a clear signal that it is to raise interest rates and still very persistent inflation pressures and expected for the meeting today, and europe, going forward, we will probably be closer to the end of the tightening cycle because we see the economy starting to respond to early interest rates and inflation which is lower than central banks look forward to six to nine months we have to think about where inflation will be early next year for a change interest rates now and thatis change interest rates now and that is why we are closer to the end of the cycle as well. in japan is the end of the cycle as well. injapan is the new governor since april, there were some expectations among investors and traders to be amazed monetary policy but have not really done that and what are you expecting there?- really done that and what are you expecting there? they will be meeting — you expecting there? they will be meeting on _ y

nonetheless, the entire look was not a good look for the european central bank. members of the ecb have to be absolutely pristine when it comes to their actions. >> thank you very much. there was maria in brussels. ev makers are getting opposed in asia after an upbeat sales report from tesla. can the momentum drive into the european trade? good work, everyone, we will discuss our weekly special segment on tech next. this is bloomberg. ♪ >> it is monday so it is time for our weekly special segment on the latest stories in the tech sector, joining us for the tech roundtable is alex webb and matthew from our bloomberg intelligence team. to everyone watching, we started out with both house and match making fun of me. you have both thoroughly both to me because it is not a tech company. thank you for that. what do you make of tesla's numbers? >> we see a bit of a beat i guess where people are expecting. those heavy price discounts are actually getting some traction. i am sure that is going to encourage the bulls. i am sure the bears will stay in that cap. it is encour

breaking news moments ago european central banks lifrtsdz, markets liar in europe, dax up 207 right nowt is one and quarter % reaction. >> not only talking about it oil is up 20% in the month, basically back to all-time highs this year, that is inflationary. right? yeah. >> interest rates could go even higher from here whether ecb or u.s. federal reserve as well right interesting thing you look back to 22 years interest rates in u.s. are you know the highest in 22 years, the interesting stat then in 2001 debt to gdp was 50% not only gdp is 130%, so government essentially flooded whole system with money middle class america got weaker now interest rates middle class weaker raising interest rates middle class always pay for it interesting with interview with brian big banks getting bigger jpmorgan with merges and acquisitions are here we expect a lot of m&a big banks gotten bigger going to acquire smaller guys you saw yesterday acquired, lazard we rather play that than banks. >> interesting point you want to buy lazar, big m&a, because they are going to be involved in a lot of bank merger

mizuho bumping prices up almost 8.5% >>> time now for your global briefing we begin with the european central bankt 8:15 a.m. eastern. expectations are the central bank will raise rates by 25 basis points, christine lagarde will hold a press conference at 8:45 eastern. >>> shares of shell under pressure adjusted earnings of $5.1 billion missed analysts' expectations fuelled in part by weaker energy price, shares down over 1%. >>> samsung reporting a 95% plunge in profit for the second quarter as weak demand for its memory chips continued while the company says global demand is expected to gradually improve in the second half of the year. macro economic risk could make that rebound challenging shares of samsung right now, just off over 2.5%. >>> we want to bring your attention to breaking news out of europe. eu antitrust regulators opened an investigation into microsoft of tying its chat and video app teams with its office product, the eu says microsoft may be abusing and defending its market position and productivity software shares up 1%, again, that news just breaking. eu regulators taking a loo

if anybody is going to get -- give in first, it is more likely to be the european central bank who doot follow through with rate hikes have been talking about. from that point of view, the upside the euro is hard work. it does not mean they cannot rise but traders will be more skeptical that the hero can go up against the u.s. dollar because of the outlook for the relative interest rates. yousef: one of the things you wrote about this morning's the dollar yuan pair that got a smack down. how is the pboc going to proceed in light of what we see from the fed and tv? -- in the ecb? mark: the chinese central bank has done this axing. we have the daily yuan axing and they will set a rate -- fixing and they will set a rate to where expectations are. they set a value on rate well below expectations, more than 300 pips below but what we saw last year as they needed to keep this up for a long time and did it for a few weeks. eventually, we had fixing that were 900 yield estimates. we are only at 300 at the moment. there could be some way to go. the chinese central bank wants to slow down the w

food for thought for the european central bank ahead of its next interest rate decision on thursday. box office as the barbie film has become the us and canada's biggest film of the year so far according to distributor warner bros. the company said an estimated $155m was made in its opening weekend. meanwhile, new release oppenheimer made $93.7m in the us according to universal. the news will be a welcome boost to cinemas after the pandemic decimated incomes, and competition from streaming services eats into revenues. sticking with showbusiness, and while the wider uk economy is struggling to gain momentum, one sector at least is leaping into action. the film and high—end tv industry is seeing a frenzy of activity, with the growth of streaming services having boosted demand dramatically. but can uk studios remain in the spotlight? here s our business correspondent, theo leggett. hey, y'all played a heck of a game out there. ted lasso, the feel—good football comedy, has been a hit for the us streaming service apple tv+. and this is where it was made. what we have here? ok, so this is

central banks around the world are set to make policy announcements. on wednesday we'll see if the u.s. federal reserve will resume tightening after paused rate hikes in june. and on thursday the europeanentral bank is widely expected to raise rates again. that's followed on friday with a decision from the bank of japan, which has been holding caps on its ultra-loose policy. to shed more light what to expect we spoke with the executive economist at nomura research institute and a former boj board member. he says the fed needs to hike rates further, but he also believes it's in the final stage of tightening. >> translator: inflation in the u.s. isn't easing as much as hoped, but it is steadily coming down. some of the fed are starting to think that rate hikes have done enough to lower prices, so i think the fed will wrap up its rate hikes by raising rates twice more at most including next week. >> as for the bank of japan, its yield curve control policy is in focus. the bank currently tapped japanese government bond yields at around 0.5%. some investors are speculating that the boj may raise this limit, but he notes the odds of that happening at the next meeting are low. >> translator:

who hold other currencies. makes it more valuable federal reserve chair jeremy powell and european central bank president christine lagarde know that gold is very sensitive to rising interest rates because they increase the opportunity cost of holding a boxwood with no yield. america and europe decreased in july and this indicates that the end of the interest rate increase cycle is nearing . based on these expectations of global market analysts, traders are waiting for the federal reserve to keep the interest rate in the range of 5.25% for 2024. market analyst he said that the best bet for gold to reach the highest record will be when the federal reserve ends the contraction cycle of cars, the global price of red metal in the world markets is on the rise, and they believe that in the short term , due to the increase in the volume of copper stock in the london metal exchange , there is a possibility of a significant decrease in the value of this widely used metal there are these and more in the report of my colleague tawhidi, the effective global lot related to that world in the two trading days

yes, and within the entire eu according to the financial times , the european central bank previouslythe regulator believes that this could undermine confidence in the euro as a reserve currency to reduce risks , brussels wants to enlist the support of a group of families, but there is also a risk that russian assets will lose value, and it will have to be reimbursed by european taxpayers. yes, and moscow can retaliate. e, approximately the amount of funds frozen. so, with this ruble funds, which belong to the sanctions, uh, these funds can also work, uh, in our economy. e income, so the mirror answer will simply not unfreeze the funds exist, but make sure that they worked to support the russian federation , everything in the european union is blocked about two hundred billion euros - this is a means not only of our central bank, but also of private individuals, of course. i would like not to be limited to taxes from these directly. but he doesn’t know how to do it without losing investors and without bringing down his own economy. it's all terribly complicated and no one now knows wh

opinions seem to be split, in terms of the - be split, in terms of the european central bank, and whatgoing to do next as well. what is your assessment on that? ~ ., ., on that? well, here we have a fairly clear _ on that? well, here we have a fairly clear signal _ on that? well, here we have a fairly clear signal actually - fairly clear signal actually that the ecb is raising, but here too in europe going forward, we are probably closer to the end of the tightening cycle than the beginning, because you see the economy is starting to early interest hikes, and eventually inflation will drift lower, and of course central banks look forward six to nine months, so we have to think about where will inflation be early next year, if we change interest rates now so that's what we are getting closer to the end of cycle there as well. in closer to the end of cycle there as well. in terms of the bank ofjapan. _ there as well. in terms of the bank ofjapan, which - there as well. in terms of the bank of japan, which has - there as well. in terms of the bank ofjapan, which has a i there as well. in

yes, and within everything the eu according to finational times the european central bank has previouslyarned. from such a practice, the regulator believes that this could undermine confidence in the euro as a reserve currency, in order to reduce risks, brussels wants to enlist the support of a group of families, but there is also a danger that russian assets will lose value, and it will have to be reimbursed by european taxpayers. yes, and moscow can retaliate. and we have approximately the amount of funds frozen. so, like this, this is ruble funds that belong to foreigners. and these the funds can also work for generating income in our economy. therefore, probably, the mirror answer will simply not be to unfreeze the means of protection, such as ps , but to make them work to support the russian camera. in total , about 200 billion euros are blocked in the european union - this is a means not only of our central bank, but also of private individuals, of course. i would like not to be limited to taxes, but directly from these. but he doesn’t know how to do it without losing investors and