to the european market but of course it also competes with pipeline projects like north stream now you mentioned liquid gas and of course we know that the european commission president has just returned from a meeting with donald trump in the white house where he sort of implied that the e.u. would import a substantial amount of liquid gas from the united states so is that enough do you think for europe's energy supply to be less dependent on russia more stable for the future. well yes that is one strategy to go to also increase ellen g. gas in the future will bring more flexibility to the market which is necessary because of the energy transition and climate policy reasons but also the european union has decided to decrease the dependency from russian gas impose so it liquefied natural gas move play a major role also in the future and maybe just briefly we mentioned earlier the china state great debate that has been thwarted by the e.u. obviously recently increased efforts for close economic relations with china now this bit. is off the table so what would you make of it closer cooper

two will run alongside the first north stream pipeline through the baltic sea and neighboring coastal states are divided in their opinion about the project finland and sweden have already endorsed it denmark is still undecided to do to environmental concerns the baltic states and poland oppose north stream two due to concerns over europe's dependency on russian gas ukraine as also against it the new pipeline puts a question mark over its current status as a gas transit country and the revenues that come with it. and the controversial project also sparked criticism by the united states donald trump would like to sell what american gas to europe so plenty to talk about certainly when it comes to north stream two and i'm joined by now and energy expert at the german institute for economic research good to have you with us and your insert institute just recently released a study that says north stream two is not necessary so why is it being built. it's a very very costly project it's primarily built because they have political reasons and russia wants to. bring the gas to germany this pip

to pipeline but germany was already getting energy from russia via the original north stream does a concern on the u.s. side appear to be that germany and theoretically the e.u. would be more dependent point russia going forward and was this a subject of conversation today is this the issue of the north stream pipeline was brought up by a member of the russian press delegation and trump had this to say in response to his question. i think that. we will be competing when you talk about the pipeline i'm not sure necessarily that. it's in the best interests of germany or not but that was a decision that they made will be competing as you know the united states is now. or soon will be but i think it actually is right now the largest in the oil and gas world so we're going to be sell the l.n.g. it will have to be competing with the pipeline and i think we'll compete successfully although there is a little advantage locational germany has determined that it then it's best interest to go ahead with the north stream pipeline in fact and while trump says there that the united states is numbe

germany has determined that it then at the best interest to go ahead with the north stream pipeline in fact and while trump says there that the united states is number one and global gas production that may be true but when it comes to the question of europe and germany it's russia that's number one russia provides the european union with forty percent of its gas imports and for germany that number is forty four percent the construction of the second nord stream pipeline well out for russia to double its gas natural gas imports into germany which is going to help german chancellor angela merkel meet her goal of phasing out nuclear energy in germany by the year twenty twenty while still reducing the country's carbon footprint so it seems as though trump has to accept that the pipeline is going through. our tears on your poor pill from helsinki finland thank you on your pre-show your time. and for more on this key energy issue regarding russia and germany leading up to today's meeting we were joined by r.t. correspondent peter oliver who joins us from berlin peter thank you so much what'

he did push back with regard to the north stream pipeline.hat is a small issue compared to all the other things vladimir putin has done, not just in our elections but in elections across europe. keep in mind this president is playing directly into the vladimir putin playbook. it is as though he is there to be the functionary of the vladimir putin playbook, which is to weaken europe and the european union and destroy nato. all of those things the president of the united states is doing directly what vladimir putin wants to accomplish. shery: we cannot's weight -- we cannot wait to see the direction from europe great john garamendi from california, thank you for your time. coming up, more reaction onrush of from former senator joe lieberman. this is bloomberg. ♪ kevin: this is "bloomberg markets: balance of power." shery: let's now turn to the republican reaction to president trump's meeting with vladimir putin. congressman dana rohrabacher sits on the foreign affairs committee and has long encouraged improved relations with russia. he joins us

let's not forget that north stream too is an international project it's not even russian german or german russian and it's a multinational enterprise which has many shareholders among them very big companies from various countries and let's put it like this threatening the shareholders as well as threatening russia and germany would sanction. if this project goes for these threats are a big concern. speaking of the enormous amounts of work term wraps by both admitted the press they could read minutes that then it would be. here's mr pat with more on that very process. there's no clear agenda existing it will be created by heads of states as they go. we will be showing the version of that exclusive interview with the press secretary the russian president on monday just several hours before donald. and helsinki. you're tuned in to our international now ahead of one of the most anticipated face to face meets of the year monday's first official summit between putin and double trump laurie king talks to russia's long serving foreign minister sergei lavrov. i. think. people. across europe munic

i'm opposed to north stream 2. was that a positive contribution to the goal of stopping north stream 2 or is that a negative factor? i offer that to any of our panel members. >> so, i'm thrilled that president trump has taken that position because i also am against north stream 2, but it does come from a whole different place. i think it comes from a place for president trump where he's interested in the competitiveness of the u.s. market and having that pipeline in place is a negative element of that competitive strength that the united states has to ship lng going forward to europe. i don't think we should read into it a foreign policy position. i think it's a very clear economic policy decision on the part of the president. i think, though, in germany, unfortunately or fortunately, depending on what side you're on, what president trump says tends to have the opposite effect. >> that's why i asked. >> so i fear president trump coming out strongly against north stream 2, in fact, has the effect of strengthing it t

we heard from mr putin's press secretary to that it would you mr bush but let's not forget that north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from farias countries and let's put it like this threatening the shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern speaking of the enormous amounts of work in terms of craps by both administrations the press secretary admitted that the agenda is far from being for here's mr peskov with more on that very process. there's no clear agenda existing it will be created by heads of states as they go. we will be showing the full version of that exclusive interview with the press secretary of the russian president on monday just several hours before donald trump and a lot of my proving me and helsinki. a fifteen year old palestinian boy has been killed during the latest clashes on the israel gaza border according to palestinian health officials one

construction of the controversial north stream to pipeline gets underway by twenty nineteen transport russian natural gas to germany some say that will make germany too dependent on russia. this is the business as well germany's government is intervening in the sale of critical infrastructure to chinese investors german state bank w has agreed to take a twenty percent stake in high voltage energy network operator fifty hurts us fending off an offer from china's state grid said it is strongly interested in protecting critical energy infrastructure from foreign influence last year germany adopted legislation making it easier to veto takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. well my colleague on tilton joins me the studio now and you've been following this story does germany really need to worry about china switching the power off well china's which of germany's power would be kind of the the mother of black swan of vents and i really don't think it's something we have to worry about in the near future however i

gas and germany and united states secretary of energy mr perry yesterday i think said that the north stream to pipeline must be stopped and those european countries whose companies would be participating in this project would be sanctioned by the united states because because the united states use for competition and for the sake of competition there must be new terminals to receive american liquefied national natural gas some of some competition i would say and of course the for the russian what they read there in the guess is supposed to be warse then the democratic american guest then i am all for this story but this is not the economy this is not competition this is a pure ideal the g.e. and unfair competition. mr prime minister are you going to a company mr putin to helsinki. yes i would do the as well as secretary pun pal we had a couple of conversations with mike can tell we discussed what kind of arrangements we should for see for the for the meeting and helsinki and parallel to the meeting between the two presidents which they want to start one on one would be meeting with mike is

the pipeline project trump was talking about is the north stream to project its plan to be a direct gas supply route from russia to germany that will run into the baltic sea it's come under fire from washington on many many occasions at the nato summit this week donald trump even went as far as to say germany had affectively lost its software ninety because of the pipeline russian foreign minister sergey lavrov commented on those remarks. i always believed three computers from big. free market is about fear competition and where in the united states circles where your friend the region is the period said that the north stream. must be stopped and those european countries whose companies would be participating in this project would be sanctioned by the united states because because the united states use for competition russian oil to repay or even guess is supposed to be war standard you're more critical miry congress then i'm all for this story but this is not a calling me this is not competition this is a pure ideology well after brussels donald trump's next stop was the u.k. on his fi

of dollars into the coffers of russia the pipeline project truck was talking about there's the north stream to project its plan to direct gas supply directly from russia to germany running into the baltic sea it's come under fire from washington on many occasions and at that nato summit this week donald trump even went so far as to say that germany effectively lost its sovereignty because of it russian foreign minister sergey lavrov had something to say about that. i always believed in free competition because free market is about fair competition and where in the united states circles where your friend the region is the period said that the north stream pipeline must be stopped and those european countries whose companies would be participating in this project would be sanctioned by the united states because because the united states use for competition russian auto repair we would guess is supposed to be war standards i'm a critic an american guest then i am all for this story but this is not because i mean this is not competition this is a pure ideology after brussels terms next stop was

force all in germany there are different views on the north stream pipeline. that's well known it's not for nato to decide this is a national decision but nato is house of course addressed also energy security because we understand that is the relationship between energy and on security matters we have are allowed to do important so that vision diversification of the supplies to make sure that our energy. system more resilient and i think also investments in renewables is actually decreasing the the pen's on imported energy. but on the north stream issue there are different views and i don't think it's not for nato to to sold out the issue it's something that. is outside the nato from of two addresses. well i met the president several times and we are used to having open and frank. and good and constructive discussions on a. i think that's important for the lines that we can meet discuss and address a lot of different issues. so i fall over. i think that representing twenty nine nations i will not. pick or any specific team i will like to see in my own home co

let's not forget the north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders and i'm. them very big companies from various countries and let's put it like this threatening the shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern you know speaking of the enormous amounts of work in terms of perhaps by both administrations the press secretary admitted that the agenda is far from being for here's mr peskov with more on that very process. there's no clear agenda existing it will be created by heads of states as they go. we will be showing the full version.

explain what's being spoken about their the pipeline project to trump was talking about is the north stream to project it is planned to be a direct gas supply route from russia to germany that will run under the baltic sea it has come under fire from washington on many occasions at the nato summit this week donald trump even went so far as to say germany had effectively lost its sovereignty because of the pipeline russian foreign minister sergei lavrov commented on the remarks. i always believed in free competition because free market is about fear competition and when the united states where your friends are genius the period said that the north stream pipeline must be stopped and those european countries whose companies would be participating in this project would be sanctioned by the united states because because the united states use for competition in russia what they read there would guess is supposed to be war standard you're more critical american guess then i'm all for the story but this is not because i mean this is not competition this is a pure ideology well after brussels donal

officials commented on north stream to this is a purely commercial project and those comments were a glaring example of unfair competition and i would be your premier to give the. concrete. concrete opera will you discuss this issue specifically during the summit and are you ready to withstand the pressure that the u.s. administration the white house may put on germany in this respect. yes thank you and probably name of course we are worried by these comments let's not forget the north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from various countries and let's put it this way threatening these shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern there is no clear agenda it will be created by the heads of states as they go along. yes. trump's visit to brussels the intensity of contact between the u.s. president and other heads of state has been quite high recently would you com

the north stream to pipeline which is currently under construction is set to deliver it natural gas from russia to germany the project has been widely criticized by the u.s. which wants to supply its own liquid natural gas instead trump has also warned that the pipeline will make berlin too dependent on moscow but according to a recent poll it seems the majority of germans don't see it that way i think it's a horrible thing that you have a pipeline coming from russia and i believe that germany is going to be getting fifty sixty or even i've heard numbers of seventy percent of their energy coming in from russia. and how can you be working for peace and working from strength when somebody has that kind of power of your country i don't think it's good you're not working from a strike you've given up all of your strength i think it's very bad for germany very bad for the german people the pipeline will be about one thousand two hundred kilometers long it's a multi-billion euro venture between russia and five international companies and it will run next to the original nord stream pipeline an

we heard from mr putin's press secretary to that he would use a voyage to let's not forget that north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from various countries and let's put it like this threatening the shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern. speaking of the enormous amounts of work in terms of craps by both administrations the press secretary admitted that the agenda is far from being for here's mr peskov with more on that very process. there's no clear agenda existing it will be created by heads of states as they go. we will be showing the full version of that exclusive interview with the press secretary of the russian president on monday just several hours before donald trump and blot america. and helsinki. to the middle east where the syrian army has regain control of the city of daraa from rebel forces it is a strategically fight the location in the south of

let's not forget that north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from farias countries and let's put it like this threatening the shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern. speaking of the enormous amounts of work in terms of perhaps by both administrations the press secretary admitted that the agenda is far from being for here's mr patched up with more on that very process. there's no clear agenda existing as it will be created by heads of states as they go. we will be showing the full version of that exclusive interview with the press secretary of the russian president on monday just several hours before donald trump and. me and helsinki. a fifteen year old palestinian boy has been killed during the latest clashes on the israel gaza border according to palestinian health officials. i know there are. one israeli soldier was injured in the unrest friday's riots mar

officials commented on north stream to this is a purely commercial project and those comments were a glaring example of unfair competition and i would. give the but i. think i'm crying. will you discuss this issue specifically during the summit and are you ready to withstand the pressure that the u.s. administration the white house may put on germany in this respect. is that you can probably name of course we are worried by these comments let's not forget the north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from various countries and let's put it this way threatening these shareholders as well as threatening brush and germany with sanctions if this project goes further these threats are a big concern there is no clear agenda it will be created by the heads of states as they go along. yes. or. trumps a visit to brussels the intensity of contact between the u.s. president and other heads of state has been quite high recently would you compare it to what m

let's not forget the north stream too is an international project it's not even russian german or german russian it's a multinational enterprise which has many shareholders among them very big companies from farias countries and let's put it like this threatening the shareholders as well as threatening russia and germany with sanctions if this project goes further these threats are a big concern. speaking of the enormous amounts of work in terms of perhaps by both administrations the press secretary admitted that the agenda is far from being for here's mr pastilles with more on that very process. there's no clear agenda existing as it will be created by heads of states as they go. we will be showing the full version of that exclusive interview with the press secretary of the russian president on monday just several hours before donald trump and. me and helsinki. a fifteen year old palestinian boy has been killed during the latest clashes on the israel gaza border this according to palestinian health officials. or. i know they are i. was. one israeli soldier was injured in the unrest frid

use the period said the north stream pipeline must be stopped and those european countries whose companies would be participating in this project would be sanctioned by the united states because because the united states use for competition in russian to read this is supposed to be war critic american guess then it is sort of but this is not because i mean this is not competition this is a pure. now shifting gears back to america larry king also asked lavry of what he thought about the american intelligence community's unanimous decision that they believed that russia had interfered in the twenty six thousand presidential elections in the u.s. now citing a lack of evidence amongst other things lavrov had this to say about it. the anonymous conclusion by the entire american intelligence community is that your government influenced the american elections in twenty sixteen it's report. and go only by three agencies so for dozens of intelligence agencies who normally would participate in anything called the union of the intelligence community of the united states then i saw the report of the s

just on the the pipeline issue on the north stream we've been talking to the german means about this we are talking to other countries within the european union about this and while we continue to sit around the e.u. table this will be something that we discussed at the european union table and obviously will make our views known their president thank you. for. your vision of the we have been discussing this with germany the president has made clear his concerns about what is happening angela merkel made her position clear within the european union there are discussions to be held on this issue with north stream to and we're talking to other countries within the european union and i think the president said earlier in response to a question about future meet a meeting he was going to have that he tell you what was happening after that meeting and we will see what comes out from the european union and while we were a member of the because we still are until the twenty ninth of march two thousand and nineteen and then we're leaving. thank you very much like you. lengthy news conference

president donald trump lump us that the north stream to project once again the pipeline will transport russian gas to germany trump says that will make germany politically dependent. russia and he's not alone in his criticism but some european politicians and energy specialists are also against the project and ukraine stands to lose a lot of money if gas is diverted away from that country. coffee chain starbucks says it's phasing out plastic strolls twenty eight thousand branches plan to switch to environmentally friendly or alternatives by twenty twenty plastics tools are difficult to recycle and up in our oceans of the big companies are also starting to seriously tackle the issue of plastic waste. to the heart of germany's auto industry and home to most eighty's make a dime is set to introduce a partial driving ban on diesel powered vehicles that will come into effect in early twenty nineteen the ban will affect older diesel cars meeting emissions standards from two thousand and four and. cities like paris london and mexico city also considering similar measures. technology giant sam

>> the so-called north stream pipelines will carry russian natural gas directly to germany.resident trump today argued germany will have to rely too much on russian energy, a threat to germany's major role in nato. >> germany is a captive of russia. they got rid of their coal plants, they got rid of their nuclear, they are getting so much of the oil and gas from russia. i think it's something that nato has to look at. >> arkansas senator tom cotton unloaded on chancellor angela merkel today tweeting north stream strikes at the heart of nato -- is nakedly selfish policy. but senate forward affairs committee chairman bob corker thought president trump was sending the wrong message. >> sometimes it feels like we punch our friends in the nose and hold her hand out to people that are working strongly against us like russia and putin. >> the president's criticism of germany drew a sharp note of dissension from nato secretary general stoltenberg. >> when we stand together, also dealing with russia we are stronger. >> you are just making russia richer. >> in an afternoon meeting wit

president donald trump that is highly controversial within europe to construction work on north stream to has begun and if everything goes according to plan the nine point five billion euro project will start pumping gas by the end of next year is said to double gas shipments from russia to germany north stream to will run along his older sister pipeline through the baltic sea neighboring coastal states are divided in their opinion about the project finland and sweden have already endorsed it while denmark is still undecided huge environmental clubs as the baltic states and poland oppose north stream two due to concerns over europe's dependency on russian gas ukraine is also against it the new pipeline puts a question mark over its current status as a major gas transit country and the revenues of course that come with it just got a version for also sparked criticism by the united states donald trump would like to sell more american gas to europe. coming to bragg's it's a poll for the times newspaper shows that a majority in britain now favor a second referendum on bragg's it this is th

in developed economies and so there is a few for cooperation even between countries as far as north stream too is concerned. mr president you have talked to your concern regarding the transit through ukraine and i can assure you that russia is willing and ready to keep this transit through the crane up and as far as the translates contract is concerned when you reduce. of coolers. they also an operation pending still in stockholm between emergency business companies orders. thank you mr president you tweeted this morning that it's u.s. foolishness stupidity and the muller probe that is responsible for the decline in u.s. relations with russia. do you hold russia at all accountable for anything in particular and if so what would you what would you consider them that they are responsible for yes i do i hold both countries responsible i think that the united states has been foolish i think we've all been foolish we should have had this dialogue a long time ago a long time frankly before i got to office and i think we're all to blame i think that the united states now is step forward along wit

the german will to go ahead with north stream two. i think it was very interesting this came up and president putin used it to show that, you know, we're good competitors. we're not foes or enemies. i'm competing for the gas market and so are you, may the best man win. i found that somewhat dispiriting, to have something which i believe is a very policy issue,ign to be dealt with as a competitive issue between two different soft drink brands. think president putin was very happy to hear president trump say that. there is something ironic about him criticizing other countries about the closeness of the ir relations with russia, given his own statements today, which so i lead us to believe -- do think that there is an issue about the growing soft influence that russia has over politicians and decision makers in the eu. >> i would also just add the overlay, that the real import of that comment was to embarrass angela merkel and going back to the idea of undermining our transatlantic alliance, undermining nato and undermining the post-wor

thursday when he gave this news conference he seemed to have changed his choosing a little bit about north stream three but he's going to have a good relationship with russia so they'll be a lot less problem with the pipeline but to me that was a very major point of contention we discussed it at length today germany has agreed to do a lot better than they were doing and they were very happy with that we had a very good relationship with america while the u.s. president seemed to be claiming to a fixed nato and a speech that really seemed far more directed towards his base his home than say any of the leaders who had been meeting with what we heard from the nato secretary general again stoltenberg was a little bit more measured i think that the fact that we had this open discussion. clearly stated that three will redouble our efforts. it also shows the clear message from. trump is having an impact while the happy faces if you will win on from all sides at the end of the summit doesn't gloss over the fact that this was at times a bruising and at other times hardly diplomatic meeting one in which th

thursday when he gave this news conference he seemed to have changed his choosing a little bit about north stream three but he's going to have a good relationship with russia so they'll be a lot less problem with the pipeline but to me that was a very major point of contention we discussed it at length today germany has agreed to do a lot better than they were doing and they were very happy with that we had a very good relationship with uncle america while the u.s. president seemed to be claiming to a fixed nato and a speech that really seemed far more directed towards his base his home than say any of the leaders who had been meeting with what we heard from the nato secretary general again stoltenberg was a little bit more measured i think that the fact that we had this open discussion households saw. clearly state that the two will redouble our efforts. it also shows the clear message from president. it's having an impact while the happy faces if you will win on from all sides at the end of the summit doesn't gloss over the fact that this was at times a bruising and at other times hardly diplom

thursday when he gave this news conference he seemed to have changed his choosing a little bit about north stream three but he's going to have a good relationship with russia so there'll be a lot less problem with the pipeline but to me that was a very major point of contention we discussed it at length today germany has agreed to do a lot better than they were doing and they were very happy with that we had a very good relationship with america while the u.s. president seemed to be claiming to a fixed nato in a speech that really seemed far more directed towards his base his home than say any of the leaders who had been meeting with what we heard from the nato secretary general again stoltenberg was a little bit more measured i think that the fact that we had this open discussion has all song. clearly state that the two will redouble our efforts. it also shows the clear message from president. is having an impact while the happy faces if you will win on from all sides at the end of the summit doesn't gloss over the fact that this was at times a bruising and at other times hardly diplomatic meeti