nord stream flowing at 40% markets would have taken a huge hit.day, we have a bit of relief there from the pipeline we will talk to jeff currie from goldman sachs in a moment about the implications >> brian, thank you very much. we will have more on that story coming up. keep it here for that. >>> the top stock story is tesla. ev maker out with second quarter results after the close yesterday. it reported a 57% jump in adjusted earnings and a 42% jump in sales from the same time last year it is the profit margins that are a concern for some investors out there. they are taking a hit falling 5% from the first three months of the year as inflation and competition and expensive factory ramp ups in germany and texas. here is elon musk on the earnings conference call last night. >> in spite of the challenges, it is one of the strongest quarters in history. we have the potential for a record-breaking second half of the year i don't want to emphasize this it is subject to force majure. >> supply chain hell he says another highlight is musk says tesla unw

this is nord stream 2. it can be launched. i don't start anymore.ell, there are problems here too, which lie in the fact that a month and a half or whatever , maybe two years ago. we discussed this topic with the chancellor. i understood this question said that uh gazprom reserved capacities and created these capacities. and we are already doing something about it. they ca n't hang in the air indefinitely. well, the answer was such that there are now other questions more important than this now, as if it is not the place to deal with. well, i had to warn that then we, uh, half of the volume intended for the northern stream will be removed for domestic consumption and processing. europe continues to pump gas into its underground storage facilities. today they are full. by 60% however, the authorities have already calculated that it will not be enough for this winter period, and it is unrealistic to reach the target of 80 in the current conditions. germany, on the contrary, is now forced to take fuel from reserves in order to meet the needs of its ind

however, the increase in supplies via nord stream is still in question. this summer, the level of pumping through the gas pipeline dropped to 40% due to the lack of a turbine that was under maintenance in canada and fell under sanctions. siemens has already sent gazprom the documents necessary for her return. however, now several more gas units may need repairs, as a result, in the near future, the capacity of nord stream is at risk of dropping from 67 to 33 million cubic meters per day. the return of one turbine will increase the load of nord stream to 50%. the power of the horse, of course, but the main thing is not the return of the turbine, but the provision of documentary evidence of documentary evidence that gazprom has the ability to send the remaining turbines for repair. and what's most important these turbines will be returned to him, and not like from the first turbine, when representatives of the german authorities had to run to the representatives of the canadian authorities to conduct long, painful negotiations. european countries continue t

canada nevertheless decided to return the turbine for the nord stream 1 rock. good morning , the german authorities called for this, fearing the shutdown of nord stream 1. more on this a little later. in the meantime, here’s what the nord stream gas pipeline is stopping today for scheduled maintenance until july 21, an official announcement about this appeared on the website of the operator company nordstream ag at the beginning of the month. well, in general, the timing of this repair was published back in september since then has not changed maintenance with a complete shutdown of work is carried out at the facilities of the gas industry, as a rule, once a year synchronization along the entire gas logistics production chain from the field to the end user. so everyone was warned in advance about the upcoming work. this is a routine procedure no surprises but nonetheless under the current conditions in the west of this planned shutdown of the pipeline. hastened to make a real show, numerous speculations appeared, they say, russia can take advantage of the shutd

odesa odesa gazprom shuts off gas again for europe and allegedly again due to a broken turbine of the nord stream how will putin's gas blackmail end and what to expect ukraine in the verkhovna rada began to collect signatures for the appointment of the new prosecutor general, he may become a deputy from the servant of the people andriy kostin, who is called a person close to andriy yermak, why did the president's office stop at the candidate kostin , what else is known about him and whether there will be enough votes for his appointment about this freedom life my congratulations are freedom life me called vlasta lazur, we speak on the pages of radio svoboda on facebook and on youtube , as well as on the air of the espresso tv channel. last night, russian missiles attacked the south of ukraine, including the use of aircraft from direction of the black sea. this was reported in the operational command in the south of odesa region , private buildings of coastal villages were hit, which led to a fire. you are actually watching this video now. president volodymyr zelenskyi also published a vide

europeans are counting the hours before the resumption of gas supplies via nord stream, the pipelinescheduled to be launched tomorrow after the completion of the planned technical work, reuters sources said. however, the pumping of fuel through it may be significantly reduced due to a shortage of gas turbines. one of them was undergoing repairs in canada, the other is scheduled to be shut down for service next week, so nord stream will operate at only 20% of its capacity and supply europe with only 33 million cubic meters of gas per day one of the directions nord stream, one of 55 billion cubic meters per year we pumped there in our consumer. due to what due to what are the costs, uh, siemens gas pumping machines well, it means that one machine needs to be repaired, it is not given from canada because they imposed sanctions against gazprom. although this is a sims plant, i will tell you. why canada did this, because it produces oil and gas itself and plans to master the european market, the decision to return the turbine seems to have been made, however, gazprom says that it has not

nord stream shuts for maintenance today. 11 chasing number 10. the race to become the uk's next prime minister heats up as liz trust is the latest to join the contest. and elon musk's discussion describe his bid for twitter could be decided in court. let's take a look at futures pointing lower this morning after gains of around 2%. slightly more modest across u.s. equities could key themes covid in china. the cpi print out of the u.s. in wednesday following the strong jobs number cementing the view that you will get at least 75 basis points. the ftse 100 down by 0.3 percent. watching basic resources as well that ties into the china story. basic resources and energy would be part of that complex. the spanish ibex lower by 1.3%. we continue to watch the politics in the u.k. we will be looking at the latest to lead the race to take over from boris johnson. bruno le maire warns it should be europe's default to prepare for a full cutoff of russian gas. inflationary implications of that happens. today is the day nord stream one goes into closure for ma

nord stream says russia postpones maintenance. plus, targets intact, tesla maintains their forecast. earnings beat the street. good morning. a lot of risk on the horizon. things will return but at what level. political drama in italy and earnings. i have a lot for us to go over. let's start with s.a.p. we are looking at a profit forecast full year of 7.6 billion euros to 7.9 billion euros. that is positive. they are seeing 500 million euros which is likely to get the stream excited. cloud revenue is above expectations. margins are under pressure. trusting those margin headlines quite yet. it is all about the extra cost. it is all about that topline growth. on to the next earnings, let's talk about the pharma giant. coming in at 11.7 swiss franc, the estimate was 11.705. we will be speaking to them later. let me top that out. at the high-end, 24.7 billion own -- billion euros. robust demand for 5g. that is what we are expecting for nokia. that is another sign about supply pressures starting to these four companies. with that in min

nord stream. we'll start friday, we'll start saturday there's an indication it can start. the markets may be a little wobbly on that scenario four, and this is the one we want to avoid scenario four, the nord stream pipeline does not restart, and there's no indication of a timeline of when it's going to happen everything we're reading, if that is the case, we could see global markets, u.s. market as well drop. the credit market spread widens and weed my have a sovereign debt crisis on our hands if that goes on long enough. that's enough of my opinion. let's get somebody who knows a lot more than me the analyst. he's co-founder and chief analyst at care yoes a really critical time to have you on thank you very much. we did get a bit of a pressure test on the nord stream one yesterday. a little bit of a flow what is your expectation in those scenarios about the one that is most likely to occur tomorrow >> well, i think you said it the suspense is on it's very hard to predict. of everything you laid

this is the launch of nord stream-2.e russian turbines, and ladoga, in general , there will be no problems, but for the europeans. this is a very painful political decision. but, a there is also a series of accidents at american gas facilities, due to which the supply of spng to the usa is reduced all these factors led to the fact that gas on the european market last week came close to the mark of $ 2,000 per 1,000 cubic meters news around the return of the nord stream turbine several prices have been lowered, but how long do analysts take to predict in germany the decline in gas supplies, has already forced the largest energy company uniper to apply for state support, and the energy concern bases due to the lack of raw materials, it is on the verge of reducing or closing part of its production facilities. and at the end of the issue, i will remind you of the exchange rate for today, the dollar is 61 rubles 26 kopecks. euro 62-04 about the economy, while everything was given sports news, they will be presented by ilya ka

we saw nord stream tailback production 40%.started to create pressure in terms of pricing inside europe. then we had the terminal go down in the u.s.. freeport accounts for about 3% of all of the world lng trade and a large percentage of exports out of the u.s.. that was starting to put pressure on the markets. we saw equivalent prices in europe rise. what is now happening with nord stream 1 going into maintenance and the concerns about what will happen as to when it will come back, whether it will come back or not, we have seen the european prices spiked by $17. the u.k. which is full on storage at the moment is hitting around $30. >> does that mean rationing? >> if nord stream 1 doesn't come back, it is inevitable. we will see rationing in europe. most companies particularly in places like germany, italy, and france will look to court -- curtail what they can do if nord stream 1 doesn't come back. if it doesn't come back because russia uses it as a political tool or because of maintenance issues. alix: this makes the whole ma

>> nord stream 1 running at full capacity was required to hit those targets. obviously without that happening, we are looking at 60% to 70% it could be lower if nord stream 1 were to go to zero it is extremely difficult and they need to attract materially more energy cargos than they already are if they need to achieve something like that. >> sorry to go back to nord stream 1. this was a big week with maintenance. we know it is back online, but flowing running at 40% of full capacity what does that do to the overall gas storage numbers in terms of how you see this playing out the next couple months >> in terms of nord stream 1 running close to 60, that is the 40% capacity figure you are talking about. when we think about that, then we think probably close to 65% of storage capacity by the end of october again, that is materially lower than the 80% they are aiming for. nord stream 1 needs to go back to full volumes if 80% is to become reality >> can i just ask for your view in how you see european gas prices playing out it boils down to that. you have companies

today, the nord stream gas pipeline has started scheduled maintenance.h it have been suspended from 7:00 am moscow time. prevention will last until july 21, meanwhile, the canadian authorities have finally allowed the return of one of the nord stream turbines after repair, which is why i have been working here all this time less than half of its capacity, how it will affect the world market energy, maria grigorieva figured out canada will still return, germany, the siemens turbine of the gas pipeline compressor station, nord stream, which for a long time refused to send back after repair, the pretext was anti-russian sanctions, the unit ended up overseas due to the fact that the german company has only one plant on which these engines can be serviced. it is located in montreux, germany, and has fallen into its own station trap for the minister of energy. germany even had to lose face publicly from having to return the turbine. decide to publicly admit that yes. we the german government are asking canada to make an exception for russia on the issue of san

today, nord stream is going on vacation scheduled maintenance will last 10 days.what is the situation in the european gas market? in japan , the parliamentary elections were held and the ruling liberal democrats won them, how the seats were distributed. the fight for the post of prime minister of great britain is gaining momentum among the candidates. now the name of the country's foreign minister is sheet. yelled for the first time, the silk road passes through the territory of dagestan and the chechen republic . and let's start with the weather, a severe flood is going through right now, sochi has poured so much rain into the region that the eastern dagomys river abruptly overflowed its banks, multi-storey buildings turned into islands on all sides, surrounded by water, parked cars were flooded up to the glass. in the city the siren sounds the situation with my own eyes i saw our correspondent irina romankovana irina joins us greetings, what is happening in sochi now and has an evacuation been announced? hello alexandra, and i’ll say right away that the evacuati

here in germany, the government hopes that never have to find out the nord stream. one pipeline is the largest pipeline supplying russian natural gas to germany. it went offline to day for repairs that are scheduled to last 10 days, but the government is apparently concerned that those 10 days could last indefinitely. would russia turn the taps off to exert political pressure on germany in the west payback for those stinging economic sanctions? slapped on moscow when the invasion of ukraine began. it's a worst case scenario that europe needs to be prepared for. that was the warning to day from germany's economy minister robert hob comes, i'm dusty, gas neutral gas deliveries may resume and full to have even been statements from russia that effectively announce this opportunity. but deliveries may also remain at 0 because a minor technical issue is discovered that cannot be repaired. and we can assume that this is a pretext to keep the pipeline shut before nagondo is i'm doing now by benjamin smith. he's a research associate at harvard university and senior fellow fo

allies had called germany out on it for many years, but germany continued to call nord stream 2 and nordm one commercial projects. nord stream one never came online after the war started and the germans are now ready to dissociate themselves from russia when it comes to energy dependency. dani: we saw the eu budget commissioner talk about that they are preparing for the scenario where gaskets cut off. the estimates or something like 1.5% of german gdp taking a hit because of that. how should policymakers be responding to such a scenario to ensure that there is not too much pain in the short term? >> i think really germany was caught flat-footed when it came to the energy dependency with russia. they were in the midst of doing an energy transformation. the come -- country wants to get to clean energy. they were ok with using natural gas as it urging technology, but now that that is off the table, even the energy minister is looking to put coal plants back online to stabilize energy prices. consumers are looking at a tripling in terms of energy bills this winter and domestic energy costs a

eni news about the resumption of work of the nord stream reduced gas prices by 6 percent.n the south of turkey, the ceremony of pouring the first concrete of the fourth power unit of the russian-turkish nuclear power plant will take place . elizaveta khramtsova, assessed the scale of what is happening elizaveta hello, we are waiting for details from you. hello tatiana ceremony solemn here in the province of mersin ended just a few minutes ago. and now we can confidently say that this is the largest nuclear construction site in the world. we are now working on the site where the ceremony of the solemn beginning of pouring took place, here they gave the command by pressing such a symbolic button to start pouring the first concrete. this means that now the foundation of the fourth power unit is already at the base. the material has already gone in official reports have already indicated that nuclear construction is underway. here in turkey alexey likhachev, the head of rosatov today emphasized the great role of the working man of labor in all welcoming conditions, and here, a

reporter: gas has stopped flowing through the nord stream 1 pipeline.horities wonder when they will be turning the taps back on. >> in the worst case scenario, if there really is no gas coming in from russia, it is crucial. how much gas can we save ourselves? there are several scenarios where we would end up in a gas emergency. we must do everything possible now to avoid the. -- avoid that reporter: and a visit to the czech republic, the economy minister gave a voice to its government uncertainty about russia's intentions. >> gas deliveries may resume in full. have even been statements and pressure that effectively announces. but deliveries may also remain at zero because of minor technical issues discovered that cannot be repaired. we can assume this is a pretext to keep the pipeline shut. reporter: the maintenance work is scheduled to last for 10 days. with no gas flowing through its most important pipeline, germany is waiting nervously to see what happens after that. brent: earlier, i spoke to our political correspondent and asked him how important t

how much pressure do you think there will be to turn on nord stream to? has been a hot political potato for quite some time. it's going to be in the hands of the europeans how much sacrifice they're willing to pay for the war in terms of their economy and the future of the industry in europe. especially germany. coal is going to be -- nord stream 2 resuming would be the last option. there will be a lot of coal. nuclear is possible. all many other options are on the table. >> great to catch up. coming up, on american tradition. the boston pops fireworks spectacular is back after a three-year absence. more on that in a moment. ♪ guy: we are three days away from independence day in the united states which means three days away from the boston pops fireworks spectacular. walk us through what we can expect. we are all excited. >> this special is one of the largest birthday parties for our country. it takes part in a place that you can see from our bloomberg boston office. headliner this year's chakra,. viewers are invited to take part in a patriotic sing-along

and what is the situation with pumping through nord stream? scheduled repairs are underway there and the turbine is expected to return from canada, according to the president, if it is not returned, only 30 million cubic meters of gas per day can be pumped along the route. development of economic relations and new projects vladimir putin during the summit in tehran held bilateral and trilateral meetings with the leaders of iran and turkey with iran agreed to make more active use of national currencies, trade volumes continue to grow moscow and tehran expanded the list of livestock enterprises that can supply their products to domestic markets. well, on the eve of the tehran currency exchange began to trade in the russian ruble. this will further simplify trade between countries. over the past six months , trade between russia and iran has grown by 40%. this is a very good indicator for us. yes, there are, uh, good promising areas of our interaction. and is it in different areas? well, for example, one of them is infrastructure development. as

this morning, the nord stream gas pipeline was stopped for scheduled maintenance, as it was announcedl take place from july 11 to july 21, while canada, after numerous requests, nevertheless decided to return the repaired siemens turbine, delivery dates are still unknown. well berlin insists that this must be done as soon as possible. guyanese rush. it is clear in germany is growing energy crisis. already seriously discussing the supply of hot water on a schedule and turning off traffic lights at night. as far as the available stocks are enough, the bad one found out. there were many negotiations , including with the international energy agency, the turbine of canadians, it seems, was nevertheless persuaded to return it, to resume 40% of supplies via nord stream, most likely it will be possible, but certainly not today is the scheduled annual inspection. there is a certain routine work on gas pipelines. third work. they spend so every year no new jobs nobody invented it. me, if it's a refurbished turbine, uh, when it comes, it'll allow for more volume. therefore, there is only one que

was the united states supported canada's decision to return to germany a repaired turbine for the nordis is a statement of the state department spokesman, not to the price, i will quote in the short term, the turbine will allow germany and other european countries to replenish their gas reserves, increasing their energy security and sustainability, as well as countering russia's efforts to convert energy into weapons end quote he also added that the united states of america is working with allies and partners to reduce collective dependence on russian of energy carriers and maintain pressure on president putin, the price is certain that the united states has allies and partners, however, who are committed to supporting ukraine, in turn, there is a reaction from the ukrainian side, and president volodymyr zelenskyi in his evening address called this decision by canada to transfer a turbine to russia for the nord stream gas pipeline dangerous says the decision on the sanction exception in moscow will be perceived exclusively as a manifestation of weakness and now we must prepare for the

gas against principles germany insisted on the return of nord stream turbines from gazprom in canada and in general, how sanctions boomerang against europeans. and also the housing issue, why is the line for improving the living conditions of a single mother with a blind son moving out of the door in the opposite direction? residents of the capital regions are recovering after a powerful hurricane that hit the capital on the eve of a downpour hail flooded roads fallen trees and wind-blown structures. all this utilities removed during the night. wind gusts in moscow reached 25 m / s on a meteorological scale - this is a strong storm in the dorogomilov tree fell on a man a man died on the spot 10 muscovites were hospitalized with injuries in voskresensk, near moscow, the family was hospitalized from a lightning strike, the mayor of moscow called the situation in the city difficult and stressed the city services eliminate the effects of weather forecasters warn residents of the metropolitan area today. another weather attack awaits, the heat is +33 degrees. in tatarstan, they are invest

eu in reverse mode, seven cities of the german island of rügen are asking the bundestag to launch nordis also not against it. will a cold shower help common sense, which europe already takes 6 billion tons of premium sweet oil new grandiose project in yamal drilling began more than 40 warships boats and submarines, as well as combat aviation navy day the best shots points and angles that you have not seen before. kiev storms zelensky deprives citizenship of former comrades-in-arms declares ukraine the only heir of kievan rus against the background of the war, they hold a glamorous photo shoot and even america's hamid ukrainian leaders no longer even hide that they despise us. they just want our money. and the us is going into recession, with what to trump is returning to voters, and the gender or transgender agenda could be a key arena for a future power struggle in the us school libraries, mark twain's places are occupied by lgbt manuals. what happens to those who disagree? playing with fire will nancy pelosi fly to taiwan island what is beijing ready to answer why is washington tryin

there is also the nord stream one gas pipeline, which now carries european gas. the turbines that powered the gas pipeline were supposed to undergo scheduled maintenance. they were sent to canada for repairs. and canada held them illegally and said we weren't going to give them back to you, well the next thing that happened europe is yelling at russia and saying. hey, it's not fair that you're not sending us the gas you promised. canada wrongfully withheld turbines, turbines belonging to russia, which promised to repair, and then decided that now we will leave them, we will not give them to you, and therefore we always blame someone else. we're always looking for some way to blame someone in china russia iran or whatever it's bullshit. the fact is that the actions of the government in the united states are simply irrational and huge shock. we follow the trends and

report on the work of the legendary rooks gas against principles, germany insisted on the return of the nord stream turbine to gazprom, as the anti-russian sanctions boomerang hit the europeans. as well as the speed of the silk road, the participants of the rally marathon have already reached chechen republic stolichny communal workers eliminated the consequences of a powerful hurricane all night. a downpour fell on moscow in some places hail passed. residents share shots of thunderstorms, wind gusts in moscow reached 25 m / s on the meteorological scale. this strong storm wind demolished structures from the roots uprooted trees, but in dorogomilovo it fell on a man. he died 10 muscovites were hospitalized with injuries in voskresensk, near moscow, the family was hospitalized for a lightning strike. the mayor of moscow called the situation in the city difficult and weather forecasters residents of the metropolitan area warn today. another weather attack awaits, heat, plus 33 degrees. thunderstorms, by the way, also promise a storm the day before and in the crimea in yalta yevpatoria , dozens

you have the big question with the nord stream pipeline.ess you can get the re-rating in the growth outlook which currently is extremely challenging, i doubt -- jonathan: this is a more important question and a difficult one to answer. you have a decent understanding of the reaction function of the european central bank? they have had a liberal interpretation of their price stability mandate. if italian yield start blowing up and we see growth risks start to pile up and inflation is elevated, did they start to focus on the other two and not the one that is the story for them? vasileios: i would be lying if i said i had a clear understanding of the ecb reaction function. to a certain extent the ecb seems to be moving the goalpost. look at the june speech by christine lagarde. they have been emphasizing and highlighting gradualism and optionality. on june 28 she said there comes a point where gradualism may not be appropriate. this error of forward guidance -- this era of forward guidance i think is long past us. the ecb now has to do the bes

stream 2 if nord stream 1 and the flows through nord stream 1 are canceled completely.re do you stand on that debate? alfred: so, the german government have positioned this quite clearly. at this moment, i am not aware of any new discussions concerning nord stream 2. of course, technically, it would be a possibility if nord stream 1 does not work to consider other options. but at this moment, i am not aware of any discussions in that direction. tom: ok, alfred stern, ceo of omv, thank you. on the back of those results, still seeing strong demand on oil and gas. tom: spanish lender banco santander, second quarter net income, and earning a result slightly delayed from previous orders, second-quarter net income is a big, 2.3 5 billion euros. the estimate had been for 2.2 5 billion. . there was a beach on the second quarter net income for santander . in terms of net interest income, 9.55 billion for the second quarter. that was also a beat. that estimates had been for 9.2 billion in terms of net interest income. so, it is abeat for santander. they say they are on track to m

including nord stream, thanks to soviet gas, germany received huge economic advantage.he got the opportunity to receive energy in the right amount, at extremely comfortable prices, while german companies had special contracts with gazprom. we had a special relationship with germany and we are german companies. they launched their own gas production projects for the first time in their history, which never happened before, when merkel left, huh? we understand that a lot has changed in german politics. the leaders of germany seemed to be, uh, a politician, uh, who was absolutely confused and who uh, he can’t just honestly admit what the interests of his own state are, according to vladimir putin, european politicians can step on the same rake and restrictions and sanctions in the field of oil trade can lead to higher prices in this market as well. thank you it was my colleague on or askerds. only his wife's rating is lower than biden's. according to a cnn poll , jill biden's approval rating is 34% versus 36 for the president of the united states . selects shoes according

namely, it ensures the pumping of fuel through the nord stream. in working order. there is only one turbine left, gas pumping volumes have fallen to 20% of full power, aggravating the time severe energy crisis in europe edmond zheltunov understood the situation at the vyborg port compressor station, which is now riveted to the attention of many europeans. in working order. only one of the six main units is gas turbine engines from siemens, the key equipment of the nord stream branch, their service life is 25,000 hours. and after its development, it is necessary to repair you at the factory, so gazprom signed a contract in advance for the north, and hoped to get it. back in may, but so far this engine has not returned to russia due to anti-russian sanctions without the consent of gazprom, it was sent from canada not to russia a to germany a this no longer complies with the terms of the contract, that is, the permit issued by the canadian authorities for transportation to germany does not take into account the current agreements on the transportation of equipment dir

why didn't canada want to return the nord stream turbine? of the nord stream destinations we pumped 1,55 billion cubic meters a year there to our consumers. and due to what, due to the fact that e cost, e, sims gas pumping machines well, then one machine needs to be repaired in it is not given to the planned one from canada because they imposed sanctions against gazprom. although this is a siemens plant, i will tell you. why canada did this, because it produces oil and gas itself and plans to develop the european market. now, for a special operation, russian aviation, rocket artillerymen, hit 17 apu targets in a day, including a temporary deployment point for a marine brigade near odessa, as well as an arms depot in solidarity, the ministry of defense reported this. well, the head of the department inspected the grouping of troops. west what tasks did sergei shoigu set, as well as the latest data on the progress of the special operation to protect the donbass in the article by stanislav vasilchenko any drone that tries to cross the border wi

so, bohdan, what is the position of the european leaders regarding the use of the nord stream ? one for the delivery of russian gas to europe, because on the one hand we have a strict sanctions policy against russia due to the war in ukraine, and on the other the willingness of europeans to buy from russia's gas i think it is appropriate to remind here that nord stream is one of the most important gas pipelines that supply gas to europe, it runs along the bottom of the baltic sea from russia to germany, and it is also worth reminding that nord stream 2, despite the fact that it has already been built and was ready for use, this project was closed by germany after the start of the russian invasion of ukraine in february, but despite the fact that the europeans constantly emphasize that they want to reduce the use of russian energy carriers by the end of this year, eu countries most of them refuse to use e- oil and petroleum products within the limits of sanctions against russia, but when it comes to gas, since so many countries depend on military gas, in general, the countries of

it is needed in order to restore the full operation of the russian gas pipeline, the nord stream, theirst in ukraine, they said that canada succumbed to pressure from russia, the turbine built by the german company siemens energy canada canada was repaired at the company's plants in montreal, but its return to russia was complicated by the sanctions that canada imposed after the full-scale russian invasion of ukraine , these sanctions prohibit the export of certain technology goods to russia, including the turbine in fact, by returning the turbine, canada made an exception for russia, german high-ranking officials called on canada to find a way to return the turbine, since germany allegedly feared that russia would use the issue as an excuse to shut down the nord stream pipeline and thus impede germany's ability to fill its gas storage tanks before winter canadian prime minister justin trudeau said that the return of the turbine needed for the nord stream gas pipeline - this quote is a very difficult decision we have seen russia consistently try to use energy as a weapon as a way to c

nord stream operated at about 40% of its nominal capacity.n just a few minutes, in our economic review, we will tell you more about the resumption and supply of gas in germany. the example of italy resigns again on the decision to leave the post of maria draghi plans to announce today the italian newspapers previously reported by the italian prime minister received. here it is trust but lost the coalition. now the country is facing new elections, which the government dredges, according to experts. may lose. let me remind you last week that the dragite announced that he was leaving office, and since he lost the support of the populist movement five stars, a key player in his ruling coalition, but italian president sergio mozzarella did not accept his resignation. in the south of turkey, the ceremony of pouring the first concrete of the 4th power unit of the russian turkish nuclear power plant will take place from now on, what is the name of the nuclear power plant elizaveta khramtsova, the largest nuclear construction site in the world. assess

russia has resumed gas supplies to europe via the nord stream pipeline. repair work, as planned, lasted 10 days. the tass agency, citing the nord stream operator company, reports for several hours. gas pumping will reach the declared capacity of 40% of the maximum. let me remind you that it was with such a capacity of 67 million cubic meters of fuel per day that the gas pipeline operated in mid-june, deliveries to italy will increase from 21 million to 36 million cubic meters. per day approves the concert. eni , with the news about the resumption of the nord stream operation, reduced exchange prices for gas immediately by six percent. this morning alone, the ukrainian military shelled four settlements of the donetsk people's republic in just a day in the dpr, three civilians were killed, there were wounded, including the deputy head of one of the districts of gorlovka , our special correspondent boris maksudov boris zdravstvuy reported this at the local mayor's office in the region than what is known about the victims colleagues greetings, literally less

this is nord stream 2. him can be run.not launching it any more, but there are problems here, which lie in the fact that a month and a half or how many there, maybe two years ago, we had a conversation with the chancellor. uh, this topic was discussed. i understood, this question said that e gazprom has reserved the capacity created these capacities. and we are already doing something about it. they can't hang in the air indefinitely. well, the answer was such that there are now other more important questions now that someone should not deal with this. well, i had to warn that then we, uh, half the volume, destined for the northern stream will be removed for domestic consumption and processing, and gazprom it was on this subject at the request of gas. and gazprom has already done it, therefore, even if we launch nord stream-2 tomorrow. it will not be 55 m, e billion cubic meters, but exactly half, and if you keep in mind what is left of this year. only the second half of the year, it means to change the night, well, uh, su

we are movin: the nord stream two one? we are moving towards _ the nord stream two one?e are moving towards an endgame - the nord stream two one? we are moving towards an endgame on i moving towards an endgame on how russia uses gas as an economic weapon, as you mentioned the north sea pipeline has been shut down for maintenance for ten days, relatively normal process. leading into the shutdown russia had already restricted supplies through that pipeline by 60%, although there were other pipelines they could have used to send extra gas to europe they haven't. that is why we have seen gas prices spike. the reason for the worry, after this ten days will russia resume gas supplies through nord stream two one, if they don't we are in for a difficult position going into the winter. we difficult position going into the winter.— the winter. we are in the middle of _ the winter. we are in the middle of summer, - the winter. we are in the middle of summer, in . the winter. we are in the | middle of summer, in the the winter. we are in the - middle of summer, in the middle of a ve

nord stream operated until scheduled maintenance. uh, mid-june supplies for italy will increase from 21 million to 36 million cubic meters in day claims concerns add that the news about the resumption of the nord stream lowered stock prices for gas immediately by 6% in preparation for winter. today vladimir putin and the ministry of energy discussed nikolay shulginov, he reported to the president that in russia there are no problems with pumping fuel into the storage facility and spoke about how they will help the republics with preparations for the heating season. this time of the year we are actively preparing for autumn winter period, so the second question. how this work is progressing in terms of the readiness of the large energy sector, we have already begun to work for several months on our priorities for today's work and are preparing for this difficult period. and i understand that ours, for example, are partners. uh, unfriendly countries. they are uh, nervously anticipating such a special rough time. and we are working on t

stream 2 one. -- nord stream 1.oint of view they are kind of losing face for western countries but still this technical decision on how this can result. turbines are getting back to russia. it is not true -- it is only operational for 40% of its capacity. kriti: i'm curious about where these new exports go. we see essentially this supply getting cut off to europe or even the united states arguably. does that mean there's not petition the market and i want to say in russia as well the perhaps more buying is done by the likes of china and india who already have been buying it a pretty big discount. >> let's understand there is a difference between oil markets and gas markets. there's a difference between the transportation for pipelines. and then for all you'll -- -- four oil. and russia needs at least three years to create a new pipeline from russia to china. just recently there was the economic forum and nothing was signed about this contract. there could be that they are moving there but there are no new contracts

all eyes will be on nord stream. it is set to come on today. if that doesn't turn on, we will be in a lot of pain, it is not just an ecb probe -- problem. when you read all that notes, from j.p. morgan, they go hand-in-hand. further down on the euro expected if this crisis is not averted. yvonne: thank you. we are watching out for our orders, is it going to be a 40% that summer projecting? -- that some are projecting? what to watch out for, mliv is where to go. and -- the big question is how effective would yen intervention be? let's get to the first word news, vonnie quinn in new york. >> president biden said chinese president xi jinping within the next 10 days. he is expected to announce his decision soon on whether to ease tariffs on china imports. the military advises is not a good time -- they have said policy will lead a delegation to taipei next month. president biden, climate change, an existential threat and a new policy to fight its effects. it includes expanding power and improve -- emergency funding for infrastructure. he held back

the supply of gas to europe to a historic at least this week, gazprom closed the main route of the nordeam pipeline to germany through the bottom of the baltic sea for a ten-day preventive measure, but europe fears that it is not always prepared for the worst in germany already hot water is rationed and the lights are dimmed and in general, europe is going to announce emergency measures now jointly and not at the level of individual countries, the plan will appear this week in the sights , they are already warning that the next winter may be extremely difficult, more details analyst tom mardzemannser key vichy makeup of gazprom gas delivery to germany this is a really key route to the market, its temporary shutdown reduces the flow of gas by about 46 percent compared to recent figures and this applies to the total volume of russian gas for europe less quantity of russian gas is worrying, because this is in addition to the fact that russia already supplies much smaller volumes of gas to europe, not only since the beginning of the war, but since last year, now it is important to see what

, the tass agency, citing the nord stream operator company, reports for several hours. gas pumping will reach the declared capacity of 40% of the maximum , let me remind you that it was with such a capacity of 67 million cubic meters of fuel per day that the gas pipeline operated in mid-june, deliveries to italy will increase from 21 million to 36 million cubic meters per day gas at once on six percent. ukrainian military shelled four settlements of donets this morning alone

now it is not possible to use nord stream 100%, then it is necessary to consider the use of nord streamu that the gas pipeline is not certified in the european union and, as the german government stated earlier, in fact frozen. meanwhile, supplies via nord stream were reduced to 20% of the design capacity. this is about 33 million m³ per day, compared to the planned 167 , back in may, gazprom expected to receive a repaired turbine for the gas pipeline from siemens, but because of the sanction, this did not happen; now only one engine out of six remains in operation , the rest require either repair or special maintenance. the us federal reserve raised rates again, as the decision was explained by the head of the department, jerome pauly, how the market reacted in our material. federal the us reserve system raised rates by 75% for the second time in a row while continuing to fight inflation, despite the slowdown in the economy and extremely high risks of a recession. in addition, the regulator maintains plans to expand the program to halve the balance sheet to $ 95 billion from september,

of another gas turbine engine at the portovaya compressor station transportation of gas through the nordeam gas pipeline stations create required pressure for the gas to travel a distance of more than 1,200 km. the pressure is very high, about 220 atmospheres. this pressure is provided by the gas- concrete unit. the main units at the port compressor station are six gas compressor units with a capacity of 52 mw, each produced by the company 7s, to maintain the planned throughput of the nord stream , five a1 gas compressor units must be in standby mode . at the moment, the port compressor station is in working condition there is only one gas pumping unit with a capacity of 52 mw. in the rest of the units , gastrobin engines have either reached the end of the overhaul period, which is 25,000 hours, or have technical malfunctions , and in the first case, a major overhaul at the manufacturer’s factory is necessary, and in the second case, seos service is required, such engines cannot be operated and in the first place according to the safety rules provided for in russian legislation. and for

stream-2 well, they are doing everything possible to er, well, sabotage the work of the nord stream, we alone see our branch, our gas transportation system, they also compromise the methods available to them lead the europeans to the fact that nord stream-2 still needs to be launched, do you understand the russians, the key goal is not the launch of nord stream- 2, but the key goal is to break the will of the european union and break their such firmness in in their decisions, that is, the russians are trying hmm, it’s not about the northern stream-2, the russians have enough opportunities to transport gas to europe in the necessary quantities of europe, if they want it, there is enough capacity even on the ukrainian route, but the key is an attempt to bend and break the european union at the knee, and so they really have been for more than a month, er , probably a month and a half ago. there can be no question of the use of the second physical flow because it is not certified, this contradicts in principle the european legislation, e.e. northern flow-2 and the federation in ukraine t