phil: i asked our dw for her take on ursula von der leyen's announcement. reporter: that's right. e european commission and ursula von der leyen have been threatening for some time to bring forth this sanctions package against russia, and now, this combination of the sham referenda, putin's mobilization of more people to fight in ukraine, he's repeated nuclear saber-rattling, has all gotten on the nerves of the european commission. so ursula von der leyen says she wants to make the kremlin pay for bringing escalation to a whole new level. -talk us through these later sanctions and how they will work. as you heard her mention, they want to ban the import of seven euros more of products into the e.u.. they also really want to try and prevent technology from getting to the russian military, which is using it to fight in ukraine. so they are looking at semiconductors and other technology, to keep it away from the russian military. there is also a pretty interesting development for individuals who will be targeted for sanctions that will include, for example, people who helped organize

that's what ursula von der leyen wants to attack, get cash back to consumers. wants to put demand caps in. which of these policies is most likely to have the biggest impact or get it across the line? stephen: i really think when you talk to analysts, it is demand destruction. reducing demand into the winter. when you look at the inventories , inventories for natural gas are filling quick and europe. without russian supply, there isn't enough to get through the winter. you need household to cut demand. one of the proposals is to reduce overall consumption by 10% and 5% mandatory cuts during peak hours. everyone agreeing to that, it's unclear. you need all the eu nations to agree to get the proposal across the line. there is still division. there are levees on giant earnings on energy companies. they will use that to go back to household. these energy companies don't want that. they've invested billions of dollars in their projects and they want profits. there's a lot of discussion that will be happening. hopefully a deal will be done before the end of the month,

the eu's chief ursula von der leyen vows that ukraine will not fight alone. plus, china's factories have a boost as beijing rolls out stimulus. the property sector continues to weigh on the economy. francine: futures extending some of their declines. the ftse 100 down some 0.1%. we look at the university of michigan sentiment does worse than expected. tom: we have the retail sales coming out of the u.s. suggesting there is a slow down in demand for goods, yet in terms of the jobs market, further evidence. we are looking forward to the university of michigan sentiment and we know jay powell will be watching that closely. here, the retail space came in softer than expected and that weighed on the pound. the u.k. and the ftse 100 down 0.5%. basic resources under pressure even as we get better than expected economic data out of china. we have a slump in the property market for them continuing to push pressure a crossing -- putting pressure that we look at what happens in the yield space as well because those continue to drive higher in the u.s. 390 now on your tw

ursula von der leyen look call for radical steps to spell the energy emergency. francine: let's look at the futures. we have a great john authers piece saying that the only question that matters today is after that inflation print in the u.s., does the market overreact or not. when we look at the measures, they probably didn't because it means we would have more aggressive fed hikes. tom: the nasdaq is down around 5%, the s&p 500 stalling more than 4%, so investors are having to adjust to that higher inflation out of the u.s. the ftse 100 currently down, and there are questions of whether the boe 's 50 or 75 next week. we get a new terminal rates now, 4.3 percent up towards the first part of next year. numerous saying they have got to go 1% next week. the ftse 100 currently down 56 points. spanish ibex currently down 0.1%. we will switch it out and see how things are playing out in the fx space even the dollar strength and we saw the yen dropping before the boj came out suggesting they may be looking to lead in the fx markets. the yen now up 0.3% of the back

ursula von der leyen today traveled to ukraine to meet with president zelenskyy.t comes a week after ukraine began a counteroffensive that forced russian troops to retreat from large parts of the country's northeast. >> like a meeting between old friends, on her third visit to ukraine since the war began, ursula von der leyen received a warm welcome from volodymyr zelenskyy, and an award for her commitment to eu-ukraine relations. among the talking points, the 8 million plus people who fled to eu countries since the war began in february. >> we want, of course commit to give our ukrainian friends help, as much support as possible. but we also know that they are longing to go home again. >> even as von der leyen's night's train made its way to kyiv, russian rockets struck a reservoir in an industrial center and president zelenskyy's hometown. the resulting flood inundated roads and houses and the local drinking water supply was cut. >> the drains are not working and we cannot flush the toilet. everything is flooded and there has been no one from the disaster protec

president ursula von der leyen speaking to bloomberg.l news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani. dani: thanks so much. juliette saly in sydney. coming up, warnings to the delivery giant fedex as they have risk assets overnight. how markets are dealing with the prospects of more economic disaster. ♪ manus: some pictures now of the crean -- queen's coffin lying in state. the public are still able to q ueue to walk past her royal highness. that is open 24 hours a day until monday. members of the public around westminster abbey. the funeral preparations are being made and many dignitaries from around the world will be there to pay their respects on monday. ♪ dani: welcome back to "bloomberg daybreak: europe." let's talk about fedex because the warning from this has crushed stocks overnight. fedex itself tumbled more than 16.5%. it is a flagging worsening micro-conditions from asia and europe, all meaning -- macro conditions

earlier we did hear from ursula von der leyen pledging liquidity to help power producers. morrison leads bloomberg's power and gas in europe and she joins us now. we heard from ursula von der leyen. in what form do we expect that support to take? rachel: this issue seems to have been gathering pace today and you mentioned the tweet of the european commission, that their proposals for emergency interventions will include some kind of support for companies when it comes to liquidity. that triggers margin calls. companies are finding that increasingly difficult. they cannot do the business of buying and selling and supplying the energy we need. that is where governments and perhaps even the eu will step into guarantee some of the cash companies need. that can be through credit lines or government-backed loans, but this way to help companies keep functioning in the market or stop that kind of contagion you mentioned that could happen if companies start to get into trouble. dani: thank you very much for helping us cover this all day. bloomberg's rachel morrison. now let's bring

missile systems, the losses of the enemy are being clarified, today volodymyr zelenskyi and ursula von der leyenpoke in kyiv about energy security. this is the third visit of the presidential european commission during a full-scale war challenges both for ukraine and for the entire european union, so everyone needs to work together to overcome them , noted the head of the ukrainian state, we see now as the russian enemy is attacking our thermal power plants, etc., there will be many challenges to the energy infrastructure throughout the winter, and here we all need to work and work unitedly, or the complex challenges of the countries of the european union and eh hmm, we understand that here we are all and each other should help, there was a plan that in 2024 ukrainian power grids would be connected to the european union, but we have already done it and did it in two weeks and now ukraine supplies electricity to the european union and we want to improve this process because it will allow ukraine to get the appropriate profits. the session of the european parliament ended today in strasbourg, fran

. >>> also ursula von der leyen discusses the energy price cap we'll discuss more after the break. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. is . >>> welcome back to "street signs," everybody. i'm julianna tatelbaum. >> and these are your headlines. >>> u.s. futures push higher after wall street plunges to its heaviest losses in more than two years. >>> the volatility is spotted by a higher than expected rate, raising expectation the fed could look to hike rates by 100 basis points at its next meeting. >> it's this notion the fed doesn't know what it needs to do i think that's what spooks the market is it about 25 basis points extra eight days from now? not really it's more what do we expect six months out, nine months out, a year out. >> putin will fail and europe will prevail von der leyen rallies against russia's war, taking a strong stand as she hosted the president of ukraine's wife at

ursula von der leyen has warned of the "strongest possible response" if active european energy infrastructuretacked. earlier, ukraine accused russia of causing the leaks — in what it described as a "terrorist attack". here's our diplomatic correspondent, james landale. nord stream 1 and nord stream 2 are huge pipelines that bring gas from russia to germany, 700 miles along under the baltic. they are the largest pipelines of their kind in the world. but look at this, significant disturbance to the sea near denmark, caused by leaking gas, it is thought. the danish military say this area of turbulence was more than half a mile wide and shipping is being kept out of the area. the gas is leaking here near a danish island, bornholm, it is thought there are a couple of leaks in nord stream 1, and a third in nord stream 2. it's not known what caused the leaks, they are being investigated, but many in europe are pointing the finger at russia, including the polish prime minister. we do not yet know the details of what happened but we clearly see this as an act of sabotage. this is an act that probably

ursula von der leyen reiterated the need to increase aid to kiev more natalia goncharova apparently, become the basic colors in ursula von der leyen's wardrobe. here it is performing in a yellow jacket and a blue t-shirt in the walls of the european parliament two days earlier, and these are shots from an interview with the german publication bibid in flowers of the ukrainian flag, fonderlein, promises ukrainians all the necessary weapons, including german tanks. i am for european states to provide what ukraine really needs, and president zelensky, with whom i spoke, voiced a whole list. what do ukrainians need? i think it's very important that kiev proved that if they have the necessary military means, they can defend themselves. they are fighting this fight for all of us. this is a fight about the victory of democracy and the defeat of autocracy, which is why it is so important that they indeed received the necessary military resources. and if they say they need battle tanks, then we have to take it seriously and supply them. the supply of weapons to ukraine reacted in the vatican

european commission president ursula von der leyen has set out a 5.5 -- five point plan.kely to draw strong opposition from some member states. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. manus: thank you very much. as the u.k. and the world mourns the passing of queen elizabeth, markets are still moving. no more important than the beginning of the dollar, yen. kuroda steps in. the biggest one-day move since the start of august. >> yes. two to three yen move against the dollar is very sudden. it's against everything the dollar is falling dramatically today. we have some strength in the euro and cables. euro had fallen yesterday after the ecb decision. perhaps the market is more concentrated on an energy crisis gripping europe. manus: indeed. we will le to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new l

. >> if you ask ursula bandar lion, she found it necessary -- ursula von der leyen, she said if the vote does not go the right way, we have certain tools at our disposition -- i would not say that is a very smart thing to say just before a democratic election coming from an unelected european commission official. you know at the european union level, often of course you have these attempts to try to contribute to a better rule of law environment in countries where indeed there are problems. in poland and hungary, there are many problems. the first thing is the risk of double standards. nobody talks about romania bulgaria. there are very serious problems with the rule of law. because of political reasons, these countries can escape eu criticism. also i would say it is very strange that indeed you have these problems in poland and hungary but sometimes also italy , and when the european recovery fund was agreed, senior officials of the italian justice system were warning that organized crime was going to be ready to try to rip off a lot of that money. that's already the problem with a lot

her the opportunity to introduce them a whole 3 days earlier than in brussels and for now ursula von der leyenust a rustling package literally sewed me on the soap in it, the government of the face. c is already publishing its sanctions list. it includes 33 citizens. and factory gosznak manufacturer passports, banknotes and postage stamps, sanctions are imposed due to the holding of referendums in the dpr, lpr, as well as kherson and zaporozhye regions. britain imposed sanctions personally against the heads of administration of these legions, finland also, separately from the european union, chased poland and the baltic states. building finland adopted a resolution to significantly restrict the entry of russian tourists to finland entry restrictions will come into force from midnight on september 30 and will remain in effect until further notice the purpose of the resolution is to stop entry russian tourists to finland and transit through finland, according to the chaosist. the entry of russian tourists is dangerous for international relations for millions of euros. more precisely, until they

ukraine's presidential office says he told ursula von der leyen the recent counteroffensive has beenffective and liberated many communities. he called it a big victory. but a russian spokesperson says it's becoming more urgent for moscow to achieve its military objectives. observers say that suggests russia may intensify its attacks. in the u.s., the government is stepping up sanctions. secretary of state antony blinken says dozens of people and entities have been added as the targets of sanctions. he says five are people involved in the theft of hundreds of thousands of tons of ukrainian grain. meanwhile, american researchers have released a report on how the invasion has impacted ukraine's grain industry. the report analyzed satellite images and determined 15% of ukraine's storage capacity for crops has been affected since the invasion began. >>> the international atomic energy agency's board has adopted a resolution calling on russia to end the occupation of the zaporizhzhia nuclear power plant in ukraine. the board passed it by a majority vote on thursday. it calls on russia to i

ursula von der leyen has warned of the "strongest possible response" if european energy insfrastructure is attacked. ukraine has accused russia of causing the leaks. officials installed by russia in four occupied regions of ukraine have reported huge majorities of votes, in self—styled referendums, in favour ofjoining russia. the us secretary of state has said the votes are a "sham" and that the west will never recognise the four regions. residents of florida are preparing for the arrival of hurricane ian, which is expected to make landfall there on wednesday. the governor has already declared a state of emergency. in cuba the hurricane knocked out the electricity grid leaving the entire country without power. now on bbc news... hardtalk. welcome to hardtalk. i'm stephen sackur. vladimir putin did not intend to be in the place he's in right now. he didn't want his ukraine invasion to become a protracted war in which his army is losing ground. he didn't plan to forcibly mobilise military—age men across russia, and he didn't want to see internal protests spread. but this is where he is —

for europe, the head of the european commission, ursula von der leyen, in her report argued that allles because of russia insisted that the sanctions against our country were justified, but the russian economy is now torn to shreds. however, these loud theses. the european deputies immediately challenged the discussions followed by sergei kalashevsky democracy, in danger. we must fight for it every day and every minute. i call on the eu countries for solidarity at this difficult moment. the story of ursula von der lein. today was eloquent speech of the president of the european commission with the annual message. today was more like a performance, starting from the costume of ursula von derain, yellow and blue colors and ending with elena zelenskaya , who today was all in a white spectator. these are sympathetic meps. and most importantly, the enemy is insidious russia and the winter, which you need to experience emotions in the speech of the chairman the european commission went wild when she was angry. mentioned about russia as they say, it was a speech with tears in her eyes. i wa

, ursula von der leyen is there. and _ commission, ursula von der leyen is there, and there you havee at this reception, which as— buckingham palace at this reception, which as i— buckingham palace at this reception, which as i say is hosted by the king — which as i say is hosted by the king and _ which as i say is hosted by the king. and the president of brazil also there as a guest at this state visit _ also there as a guest at this state visit the — also there as a guest at this state visit. the emperor ofjapan as well we know— visit. the emperor ofjapan as well we know is— visit. the emperor ofjapan as well we know is expected there. with an entourage. — we know is expected there. with an entourage, and there he is. you can see the _ entourage, and there he is. you can see the emperor ofjapan arriving 'ust see the emperor ofjapan arriving just a _ see the emperor ofjapan arriving just a little earlier to enter into the reception. as i say, hosted by the reception. as i say, hosted by the king _ the reception. as i say, hosted by the king and the queen consort, camilla — the king

. >> they have outlined five proposals, as a longer lion, the commission -- ursula von der leyen, themission president said at the executive arm of the european union is proposing a mandatory target for reducing electricity use at peak hours when it is most expensive. a cap on revenues of cuss -- companies that produce energy at a relatively low-cost, renewables. taking the money from those projects and redistributing it to vulnerable households and businesses that are struggling. also money fm fossil fuel companies to go to the same ends. and, facilitating some support for energy companies struggling with volatile energy markets at the moment. and, this cap on russian gap. -- russian gas. >> now let's hear from vitali shevchenko from bbc monitoring, particularly on vladimir putin's claims. >> president putin is a politician and former kgb operate. there is nothing in the job description for those two professions for telling the whole truth and nothing but the truth. when addressing the forum he was there to do a job, to put a brave face on things. to put his best foot forward. so, he

ursula von der leyen has warned of the "strongest possible response" if european energy insfrastructure is attacked. ukraine has accused russia of causing the leaks. officials installed by russia in four occupied regions of ukraine have reported huge majorities of votes, in self—styled referendums, in favour ofjoining russia. the us secretary of state has said the votes are a "sham" and that the west will never recognise the results. residents of florida are preparing for the arrival of hurricane ian which is expected to make landfall there on wednesday. the governor has already declared a state of emergency. in cuba, the hurricane caused damage to crops, and knocked out the electricity grid. now on bbc news, the travel show. this week on the travel show, i'm in tarifa, in spain, where it's definitely the windier the better as i check out the big air kitesurfing competition. oh, my god, that was so good! i loved it. we are getting artsy in southern turkey for the mardin biennial. and tick, tick, boom — we go behind the scenes at boomtown during the countdown to the opening of this year'

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

assistance to ukraine has been proposed to be allocated at the european commission, president ursula von der leyen informed about this, according to the official, this loan complements the 10 billion euros that the european union has already provided to ukraine in the form of of financial humanitarian and military aid , let me remind you that the eu decided to provide these funds back in may, and ukraine received the first tranche in the amount of one billion euros already at the beginning of august a batch of military aid from lithuania, this time the country handed over 105-millimeter howitzers to our military, they are already on their way to ukraine. this was reported in the lithuanian ministry of defense, the department also emphasized that ukraine needs a continuous supply of weapons, so there can be no pauses, i will remind you on august 20, the minister of defense of lithuania arviddas anna - saugoskas announced the preparation of two new packages of military aid to ukraine, the shipment of grain from ukrainian ports does not stop, today four more ships with agricultural products left, but

address that will become historic today in brussels, the president of the european commission, ursula von der leyennt of the eu. the war in europe and the challenges it posed to the european union were included in the draft of the speech to the press, and it is already known that ursula fenderjae will speak, in particular, about the aggression that strikes peaceful infrastructure ukraine and is threatened with an ecological disaster for the whole world in the event of an accident due to the seizure of the nuclear plant by the occupier and the gas blackmail of the kremlin along with the increase in the price of energy, but there is nothing about limiting the price of russian gas, which was discussed in the eu in recent days, in the text prepared by the president of the european commission, and for the first time in history of our country in the european parliament as a guest of honor, the first lady of ukraine olena zelenskyi was invited , we will ask the correspondent of radio svoboda zoryana stepanenko more about the historic speech in the following issues of tsn escalation in nagorno-karabakh arm

burden , speaks optimistically about the future, and the president of the european commission, ursula von der leyenelp restore ukraine after the end of the conflict unleashed by russia wars are possible, ukrainians are fighting for their future, they are also choosing our common values, the eu was on their side from the first day of the war with russia, we will help restore ukraine as a free, modern country on the way to the eu, but russia a humiliating military failure may not survive such an encouraging forecast, respected analysts on the portal of the atlantic council give since the collapse of the ussr there has not been such a simultaneous aggravation of several crises, including the inability of the ids to ensure stable economic development by the strengthening of differences between moscow and the federal regions , as well as the approach of military defeat or of an endless impasse in ukraine, according to the author of the article janusz bugaiskyi, today russia is unable to respond adequately to such challenges, so in the coming years, it is most likely to repeat the fate of the ussr or yug

sigardian also writes about the emotional speech of the president of the european commission, ursula von der leyent ukraine. putin will be defeated, and europe will win. meps and, finally, in our review about words of comfort in the british territory, the telegraph publishes a photo of condolences from the capital, on it, the president of ukraine, volodymyr zelensky, expresses his condolences in the residence of the ambassador of great britain in kyiv in connection with the death of queen elizabeth ii, the russian military invasion, this was announced in tallinn by the head of the nato military committee, admiral rob baller, according to him, the unprovoked russian war against the ukrainians was the beginning of a new era of global security, he emphasized that before nato there is a sacred task to protect a billion citizens who live on its territory to always plan and think ahead and that the alliance is ready to expect the unexpected extraordinary courage of the ukrainian armed forces and ukrainian of the people again and again as brothers of the mountain over the opponent nato allies will suppor

ursula von der leyen warned of the "strongest possible response" if active european energy insfrastructuretacked. seismologists reported underwater explosions just before the leaks. nordstream 1 is leaking at two points, a day after a similar leak affected its sister pipeline, nordstream 2. the danish authorities have warned ships to avoid the area near the island of bornholm. i just want to show you these pictures from denmark's defence command, which show bubbles on the surface of the baltic sea above the pipelines — they report the largest patch of sea disturbance is 1km wide. well, earlier, the polish prime minister went a step further and linked the incidents to the situation in ukraine. translation: we do not yet know the details of what happened - but we clearly see that this is an act of sabotage. this is an act that probably signals a new phase in the escalation of the situation in ukraine. earlier, i spoke to kristine berzina, seniorfellow at the german marshall fund of the united states. i started by asking her whether it was possible to establish whether this is sabotage or mal

agreements to show determination towards the kremlin , the president of the european commission, ursula von der leyen, called on the european union during her speech before the european parliament, she assured the eu sanctions against russia, which were introduced during a full-scale invasion, they do not plan to cancel it, and it is thanks to them that the russian economy is gradually collapsing, according to von der lein, the kremlin itself directed its country to the path of existence, this is the price of putin's path of death and destruction, the president noted, in addition, ursula von der lein announced her intention in the near future to visit kyiv, she also expressed admiration for the strength of the ukrainian people today courage has a name and this name is ukraine courage has a face and this is the face of ukrainian men and women who stand against russian aggression required incredible courage to stand up to putin's brutality, but you found courage and a nation of heroes emerged. today, ukraine stands strong because the whole country fought the enemy street by street, house by house, and

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

military machine and in the european union, brussels offers to limit the price of russian gas , ursula von der leyen, head of the european commission, is convinced that this will stop the energy blackmail from the russian federation we worked intensively to get rid of dependence on russian gas we turned to other suppliers now norway gives europe more gas than russia the usa supplies large volumes of liquefied natural gas it is time to limit the price of russian pipeline gas to europe it is time to stop this energy blackmail, energy prices are formed on the basis of demand and supply, so moscow reduced the volume of production and transportation, and thus the prices soared, however, now it will not work despite the fact that threats are being made in the kremlin again, new restrictions will prohibit the purchase of russian fuel that is more expensive than the foreign figure and the russian economy, which is dependent on the sale of oil and gas, will no longer be able to manipulate oleg zinchenko tv channel rada nationwide marathon the only news the decision of representatives of the g7 countries to l

national rehabilitation center of ukraine in in lviv, the president of the european commission, ursula von der leyensit kyiv, she informed about this during her annual address to the european parliament, the rolaien foundation also announced plans for further rapprochement between ukraine and the european union, in particular, she mentioned the successful joining of ukraine to the european electricity grid , thanks to which our country began to export electricity to the eu. two weeks apart, the head of the european commission promised that the eu would allocate 100 million euros for the reconstruction and reconstruction of ukrainian schools damaged as a result of the russian russian aggression, a rocket destroyed more than 70 ukrainian schools, more than 1 million ukrainian children started the school year in the european union , sending their children to school, ukrainians prepare them an alarming bag with socks, water and medicine. these are simply terrible things, so i want to announce that we will work with ukraine on rehabilitation ukrainian schools denmark will train the ukrainian military, th

macro-financial assistance to ukraine this statement was voiced by the head of the european commission, ursula von der leyen, according to the official, and the new package should be handed over this week, the aid is an addition to the previous ten billion which europe has already provided to ukraine due to russian provocation zaporizhzhia nuclear power plant is one step away from a radiation disaster russia is only interested in the situation remained the worst for as long as possible, the president of ukraine, volodymyr zelenskyy, stated this, according to him, while our state controlled the station, there was no threat of radiation danger, and the next shelling of the territory of the air force means that the terrorist state does not care what mother russia says, it does not care what the international community decides, and this can be fixed only by strengthening the sanctions, the head of our state notes, let's listen to the direct language of what the international community will decide. russia is only interested in the situation remaining the worst and for the longest time, this can be corrected only

we have heard the german government, we have heard ursula von der leyen, both making suggestions thatrtain thing from italy. and they have a lot of money at their disposal which meloni has to make sure she holds onto.— she holds onto. definitely. thanks to _ she holds onto. definitely. thanks to mario _ she holds onto. definitely. thanks to mario draghi's i thanks to mario draghi's government, it gets a lot of money from the european union through the recovery and resilience plan. hundreds of millions, billion euros... and she will have two keep the bar straight. this money is coming through promises that mario draghi's government made, keeping some policies towards the eu direction. she will have to be faithful to those promises. she will probably try to appease some members of her government who indeed are pushing towards more eurosceptic positions. especially talking about ukraine, she has always been, since the very first day, actually, in favour of the nato intervention and support of ukraine against russia. but two members of her coalition have been quite forceful against it. sh

ukraine should join the eu roaming zone, the head of the european commission, ursula von der leyen, stated her annual address to the european parliament. ukraine's entry into the european free roaming zone means providing affordable or even free roaming between the european union and ukraine . let me remind you that earlier in july, prime minister denis magal already announced that at least our country would join the eu roaming space, and that was all the news at the moment. wait for the updated issue. in less than an hour and you can read more on our website in the telegram channel and of course on youtube espresso tv they are surprised by the toilet in the house and we from ukraine can insure cars even if you are in the toilet hotline finance insurance of course online good evening we are from ukraine vasyl winter's big broadcast my name is two hours of airtime until 21:00 two hours of your time we will talk about the most important things two hours to learn about the war it turns out our air serhiy zhoretska military summaries of the day and what is the world like what's in physicist yu

lisa: ursula von der leyen speaking ahead of italy heading to the polls this friday.nce. i am lisa -- i am kailey leinz. lisa abramowicz is out to do the -- the yield is up for basis points on the day -- 4 basis points on the day. the rate is at 110.76 at this point. the euro is currently trading at 97.52 to the dollar. we want to go now to rome. maria is there standing by. what is at stake in this election as it looks like the far right will ultimately be the one to claim victory? >> this is the story of a highly anticipated election. the country is now shifting to the right. the italian condo me is that a debt story. you have an election in one of the biggest economies in the euro area having in the context of war -- the war in ukraine. there is a conversation to be had about sanctions and where is the war going? it is funny but on the day like today, you mentioned the u.k.. when you look at the italian right, they want to do tax cuts too. perhaps, a taste of what is to come. the only difference here is the european money -- >> my question is how our markets looking

really interesting what we are hearing from ursula von der leyen, don't you think?are proposing a way to dress this, this price cap on russian gas, how would this work in reality and would it achieve the goal of lowering prices? it achieve the goal of lowering rices? , ., ., it achieve the goal of lowering rices? , ., , prices? great to be here. it is difficult to — prices? great to be here. it is difficult to be _ prices? great to be here. it is difficult to be that _ prices? great to be here. it is difficult to be that would - prices? great to be here. it is. difficult to be that would achieve its goals because as vladimir putin said in an earlier segment, they are considering cutting off supply altogether, if there is a price cap and typically price caps do lead to lower supply. there is a trade—off to be had which is do you continue to be had which is do you continue to increase revenue through fossil fuels to russia or, but you don't have the impacts on your economy, or you make some economic sacrifices in order to reduce dependence on russian fossilfuels order

winter, we'll have more on that in a moment, first here's the european commission president ursula von der leyen aim at lowering the costs of gas, and therefore we will propose a price cap on russian gas. of course the objective here is very clear. we all know that our sanctions are deeply grinding into the russian economy with a heavy, negative impact, but putin is partially buffering through fossil fuel revenues, so here the objective is we must cut russia's revenues which putin uses to finance his atrocious war in ukraine. well president putin's reaction to the eu's plans to cap what it pays russia for energy came at an economic forum in vladivostok, where he gave a defiant speech, claiming sanctions imposed by the west after the invasion of ukraine weren't working, and that it was the west whose economies would be hardest hit. he said the price cap was a �*stupid idea' and warned he'd force europe to freeze by stopping fuel exports to the continent and instead turning to china as its major customer. our russia editor steve rosenberg has more. announcement in russian. in his energy war with e

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

will be from 40 to 60 $ per barrel and no more, also the head of the european commission, ursula von der leyen noted that it is now time to limit the price of russian pipeline gas going to europe. but in the kremlin, the eu is already panicking about such an initiative, in particular , vice prime minister oleksandr novak decided to scare the world they say that the russians will not supply oil and petroleum products to countries that support such an idea of ​​limiting prices, the official called such an initiative, i quote, complete absurdity. well, in my opinion, this testifies to the results and effectiveness of sanctions, such a reaction. but they simply burn their brain gas due to a drop in sales. in particular, e- i already talked about gas burning, so according to gazprom data, from january to now, russian gas production has fallen by almost half. but the norwegian oil company has completed the most withdrawal from its last project in russia, we are talking about the equenor company, it invested in the storm in the development of the kharigin field, which is located in the donetsk region

the head of the european commission, ursula von der leyen, addressed the european parliament in strasbourg annual speech on the state of the european union , so, in fact, the state of the european union was said, while a little was said russia about the conflict in ukraine about the energy crisis in the eu, in which she again accused russia, the speech of the head of the european commission, was very much like a quote book of yellow press headlines. the russian financial sector is on a life support apparatus. we have cut off three-quarters of russian banks from international financial markets, the russian military is taking chips out of refrigerator dishwashers to fix computers on military vehicles because they don't have semiconductors. here we will add, as indicated in the report of the european commissioner. in terms of energy, which was also introduced today in the region. there is an unprecedented increase in electricity prices, which has already put pressure on the household, small, medium-sized businesses to large-scale production. brussels fears that this will entail more serious p

we can bring in our correspondent jessica in brussels, the comment from ursula von der leyen, it seemedeat —ed. . they know liz truss is the political architect of the legislation to override the trading arrangements, that will be going through parliament, but whether there will be effort to restart talks on how to fix problems with the protocol, which has gone and lead to particular concerns amongst the unionist community in northern ireland. the wider context here is the relationship after brexit between brussels and london has been strained, and i don't think liz truss was exactly who the commission and the eu in brussels would have had as their top pick for the next prime minister, given she's a boris johnson loyalist and her stance on issues like the northern ireland protocol, but the point they keep making is that there are other issues at stake at the moment, like russia's invasion of ukraine and they want to work with you —— uk but they want to work with you —— uk but they also want them to respect the international agreements. the uk has blamed the intransigence of the eu over

let's hear from the commission president ursula von der leyen.s of gas, and therefore we will propose a price cap on russian gas. of course the objective here is very clear. we all know that our sanctions are deeply grinding into the russian economy with a heavy, negative impact, but putin is partially buffering through fossil fuel revenues, so here the objective is we must cut russia's revenues which putin uses to finance his atrocious war in ukraine. well, earlier we spoke to to fernando valley, a senior analyst on oil and gas at bloomberg intelligence, and asked for his thoughts on the global energy crisis... it is difficult to believe that that would achieve its goals because, as vladimir putin said in the earlier segment, they are considering cutting off supply altogether if there is a price cap. and, typically, price caps do lead to lower supply. at the end of the day, there is a trade—off to be had which is, do you continue to increase revenues through fossil fuels to russia but you don't have the impacts on your economy, or you make some

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

its chairman, ursula von der leyen, to the meps.industry is already on the verge of collapse, and attempts to compensate for rising fuel prices with subsidies only accelerate inflation. see alexander nazarova for details europe's metallurgy industry is on the brink of collapse, according to wallstrid. the energy crisis is forcing many companies to cut production or shut down entirely. so, for example, zinc reserves in the region are practically depleted; they have to be imported from china. an unfavorable situation has developed for all energy-intensive enterprises. this is primarily a social foundry industry. these are non-ferrous metals. it's nickel's son, of course . these are sectors that are related to production mineral fertilizers from natural gas. it is primarily a nitrogen fertilizer. well, and, accordingly, the cement industry and some, uh, agricultural, along this entire chain can be attributed to energy-intensive, and industrial production, along this chain, and quite serious reductions are now taking place, and industri

ursula von der leyen has pledged to work to give access to the european market.jinping has traveled to kazakhstan for a state visit, his first trip in nearly 1000 days. the trip marks his return to the world stage. the chinese president is set to meet russia's vladimir putin later today. swedish prime minister magdalena anderson has conceded defeat following the election and a search for the nationalist party helped the party win the closest election ever. anderson led the country to join nato following the invasion of ukraine. the u.s. railroad system shutdown has continued into the morning. about hundred thousand workers could strike on friday if there is no agreement. nancy walsh is a leading the negotiation between railroads and union workers. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom: laura wright, thank you very much. that story a reminder of the implications around trade and transportation being affected in the u.s. and may be an indi