this will promote growth in europe and the u.s. and help companies large and small compete in the digital economy, just as we did when we resolved the boeing airbus dispute and lifted the steel and aluminum tariffs. the u.s. and eu are finding creative approaches to help our economies and bring our people closer together. this framework underscores our shared commitment to privacy, data protection, and the rule of law. it will allow the european commission to once again authorize transatlantic data flows to help facilitate $7.1 trillion in economic relationships with the you. thank you again, matter president for your personal friendship, partnership, and leadership. all of this is bringing the eu and the u.s. even closer together and that is a win for all of us. i think you all and i will now yield the podium. i need to pull this out. i am earning my salary here. [laughter] >> mr. president, your presence here in brussels this week at the nato summit, at the g7, and our european council sends a powerful message to the world. the t

in terms of the public knowledge in europe. i think initially we would probably say the financial side is important. there are a number of appeals, more money will be needed, those appeals will increase. that's very important than the public, as you said, have been incredibly generous as refugees increasingly move to the west to other countries. there are other things that people don't be volunteering, helping with education translation again, fundraising with helping refugees to really find se and integrate in those society because unfortunately, this is not going to be very short term. it is going to be a bit longer. we think deb camila cause matthew mentioned there at the beginning of december, you temporary protection directive, which is which has been activated now. it was an activated back in 2015 during the refugee crisis there. when we saw people coming from escaping the war in syria and iraq and afghanistan, why is that? why is it being activated now? so i think 1st a bit of background on best temper protection directi

europe can't deal with this. significant numbers of joint bonds to deal with the consequences of energy story, it is highly significant. europe is in the crosshairs of the story. the economic impact is at this point hard to gauge. i checked the winter forecast of the european commission a little bit earlier on. 2022 growth up 4%. what is the downside potential on that number? is it inevitable that europe will be facing some kind of recession? that brings us to our question of the day. we are trying to analyze what is happening with prices right now. are investors correctly pricing european risk? we bring in the jp morgan chief emea market strategist, and bloomberg's justina lee. economists are racing to catch up with what is happening with european economy, while exposed to russian gas, gas prices and energy prices going through the roof. do we yet have a handle -- do economists have a handle on understanding and pricing the economic downside here? >> i think not yet. we have seen a huge reaction in equities. sto

part of it is this flee away from assets in europe. we had the biggest withdrawal of funds on record last week. we had money moving out of the euro. there is this big divide between what the ecb and the fed are likely to do. at the same time, you're looking at european natural gas. you are looking at risk reversals in europe, pricing in parity. the most bearish pricing when it comes to the single currency since the decade. francine: dani burger with the latest on natural gas and a some of the corporate says well. let's get to the bloomberg first word news. angel: the biden administration is considering whether to ban russian assets without the cooperation of europe. oil surged to its highest $139 a barrel in asia, trading after it emerged that the u.s. was weighing a possible embargo of russian crude, banning supply in an already volatile market. american officials have been in close act with allies on a possible ban, while also working to prepare for the domestic impact. russia says it will reopen humanitarian corridors for civilians

first, this is a war in europe, and the last two world wars started in europe, so i think we have cause for concern. second, indeed, on paper, there are more nato soldiers than russian soldiers but russia also has some weapons that can cause devastating effects. clearly, president putin is not shy from talking about those weapons, so i think it falls on us to send a very clear, strong signal that there is no talk of nuclear weapons and nuclear war, because nato is also a nuclear alliance and the use of nuclear weapons will have a devastating consequence for all parties. and the fact that nato has not pushed back explicitly in this manner is, i think, setting a dangerous precedent. deputy foreign minister, is the russian federation up to fighting nato or could it resort to extremely dangerous methods, nuclear weapons? that's precisely the symmetry. of course, nato as an alliance is stronger than russia. russia is nothing but the upper volta with nuclear weapons. to look at its economy and structure of its governance and so on, it is a corrupt, backward state that only can thrive because

and europe consider banning imports from russia. but can they live without russian energy while you're, it's russian gas storage facilities are providing a source of concerns local, say they've had enough of helping to fund the kremlin businesses around the world of being fresh to set that ties with russia. we'll look at this, the impact sanctions or having firms still operating on robots in berlin. welcome to this d. w business special, where we're asking can europe quit russian gas? or if you're watching on our youtube feed, you can leave your comments and questions. we'll try to answer some of them later on in the program. but 1st energy industry leaders are gathering in texas with the sector in crisis. russia's invasion of ukraine has delivered a shock to oil and gas markets and energy firms are under pressure to take a stand against moscow. governments are also planning to turn up the heat. international sanctions against russia have so far excluded the country's energy sector. but that's about to change. the u. s. and europe a

versus europe. in the u.s., inflation and the fed is tightening its monetary policy because inflation in the u.s. is the story of demand and a rise in costs. in the euro zone inflation is primarily driven by the price of energy. the ecb is tightening its monetary policy because of inflation, because of the increase in the price of energy. i am much more confident with the near-term outlook of the u.s. economy than the one in the euro zone. i'm skeptical with the end of the qe that will come in q3. so the fact they have cash after the covid crisis with solid balance sheet, with -- and look also at the household balance sheet. household balance sheets are healthy. they have benefited from an increase in the price of financial assets. dani: let me play devils advocate when it comes to the american consumer. balance sheets might be stronger, housing markets have gone up, but everything is more expensive. standard chartered pointing out the housing market is the most expensive since 2007. we have seen un

w business special, where we're asking can europe quit russian gas? or if you're watching on our youtube feet, you can leave your comments and questions. we'll try to answer some of them later on in the program. but 1st energy industry leaders are gathering in texas with the sector in crisis. rushes invasion of ukraine has delivered a shock to oil and gas markets and energy firms are under pressure to take a stand against moscow. governments are also planning to turn up the heat. international sanctions against russia have so far excluded the country's energy sector. but that's about to change. the u. s. and europe are exploring a ban on imports of russian oil and gas. attendees of sarah week and annual energy conference in houston are discussing how to replace russian supply. now i see that the u. s. is, is looking do venezuela is considering getting increased production from venezuela? well those barrels could have come from canaday, could have come from alberta. canada says it has spear pipeline and rail capacity and can move more oil to the united

a new chapter of his life as an african football and europe. but the time to return home drills closer. ah, like other football, as well as why who donate at least one percent of the earnings. johanna joined the common goal initiative to change things for the better. however, i want to meet it over. i don't want to be having a fun dish to help. i want to drop in a wilder or this thief. i've been, i think, kept it for like he away from the clamps, you know, having a good structure for the keys. i went to live life with my family, just leave like and on what the people. but now it's breaking in beds my heart that i am needed because it's that means that the i, we have amused, he never went to get ah, robbie beauty between thank see in the bottom i'm unofficial, i'm does things peninsula, one of the most beautiful coastal regions in the state of mecklenburg, western palmer rain, others long beaches, wild forest, and cute little fishing town maritime experience. particularly in the new season to do next on d. w. and something or driven by merciless

the big lesson in europe than the u.s. inflation in europe is less broad. inflation is lower in the u.s. wage growth is slower in europe. it is a bit different. the tapering from the european central bank is there and it paves the way for rate hikes if you get into a difficult situation, the question of rate hikes will be on the agenda again. >> i want to get your take on the correlation of rate hikes and the dollar and oil if we see the fed hike rates this week, can we expect that to put down ward pressure on the oil price given it's typical inverse relationship with the dollar >> i think that is difficult to say at the moment because the price of oil is so much de dependent on the geopolitical situation. those correlations could be different this time. i think at least the rate hike this week is fully discounted. a range of rate hikes. when you look at the markets, it is discounting 6 to 7 rate hikes. it will be interesting to see what they will say in the forecast how the dots in the fed will move not as high as markets it is interesting to see what they

now americans have got europe under control. you think they're listening to what level is saying, which is why they're not listening to you? i doubt it because i don't think the americans really care about haven't europe under control. frankly. i think what we're telling germany and others in europe now is exactly what ronald reagan told margaret thatcher and other european leaders in the 1980s do not become totally dependent on russian oil and gas. and for all we can tell the new german chancellor has just agreed with that. so, but it takes time to shifted to build offloading facilities for liquefied natural gas to construct new pipelines. you know, it should be common sense to the europeans that you want multiple potential suppliers for your energy resources. and i think they've now learned that less you just said americans don't care whether they control europe. obviously, the u. s. by clearly cared about influencing europe for decades and all this, he will have a measure of control of liquefied natural gas comes from the uni

for europe this year. and as the year, as you worked to discontinue it by russian gas, well before 2030 and was we'll also work to ensure additional you market demand for 50000000000 cubic meters rel angie from united states annually by 2030 to accomplish this, the european commission is going to work with the member states to store gas across the continent, to bill more infrastructure to receive l n g and take steps to increase the efficiency of gas. this build out this build out will occur in a way that consist is consistent with not in conflict with the 0 net 0 climate goal we ship with that we're shooting for. it's going to take some time to adjust gas supply chains and infrastructure that is built the last decade before for the last decade. so we're going to have to make sure the families in europe can get through this winter. and the next, while we're building the infrastructure for a diversified, resilient, and clean energy future. at the same time, this crisis also presents an opportunity to cataly

>> we need responsibility sharing across europe. this has been one of the challenges faced historically by the common european asylum system. in the 2015 and 2016 crisis, greece was a online country. other frontline countries like hungary took a very restrictive view, building a razor line fence, trying to prevent access to their territory. what we needed to do and what the european commission has recognized is that we need to update that system to ensure there's more consistent responsibility sharing, cooperation across the eu 27 member states. this is a moment to put that to the test, to recognize that for this to be sustainable, the responsibility cannot lie exclusively with poland and these countries, that we need to relocate both people and share money, that it will take significant resourcing to support public services, to build jobs and livelihoods. one of the positive opportunities is we have learnings we can take from the aftermath of 2015-2016. germany in particular, which took the overwhelming majority of syrian refugees

and again, what brings europe into this for africa? it brings a partner that has a lot of expertise, has good experience in terms of technology transfer. again, what africans need a lot is to be able to create a, an environment which makes businesses thrive. that is able to develop technologies and not be dependent on knowledge is built and develop elsewhere. so that means strengthening partnerships between universities and the industries and so on and so forth. and this is something that europe have a lot of experience. and at the same time, and i think this is quite crucial. europe can be a market for african technology, as i said earlier, african banking systems, so way more developed in europe, backend systems when it comes to digital economy. so opening up digital partnerships may very well give african bennett the opportunities in the european markets, african apps, african tools that are still quite common. i mean, previously you were referring to the east africa, the case of them pace, a digital money already developed 20 years

and secondly, reducing europe's demand for gas overall. to address the first point, the united states, together with our international partners, are going to work to ensure an additional 15 billion cubic meters of liquefied natural gas, ling, for europe this year. and as the eu works to discontinue buying russian gas well before 2030, it will also work to ensure additional eu market demand for 50 billion cubic meters of lng from the united states by 2030. to accomplish this, the european commission is going to work with the member states to store gas across the continent. to build more infrastructure, to receive lng. and to take steps to increase the efficiency of gas. this buildout, this buildout will occur in a way that consists, that is consistent with not in conflict with, net zero climate goal that we're shooting for. it's going to take some time with the supply chains and infrastructure that were built for the last decade. so we will have to make sure that families in europe will get through this winter, and the next, while we're bui

, it's a war against europe. this is going to test the resolve of europe, isn't it? but it looks like, so far, europe's not stepping up. i wouldn't agree. you know, i think europe has been amazingly fast in adopting and voting for sanctions, very comprehensive sanctions. before this war, people in europe were saying that, you know, putin is pretty resistant to sanctions. he has calculated that sanctions will come and he can, he can sustain the sanctions. i think it's hurting much more. there has been extraordinary coordination. norway is not a member of the european union, but we are closely associated through the european economic area and we have joined the european sanctions alongside the european union, coordinated with the united kingdom, coordinated with the united states, contributions from japan, australia and others, so this is a pretty tough response. it's not militarily engaging in ukraine. i think it's important to keep nato out of a war in ukraine. we don't want that kind of confrontation, but we are

the messaue through europe for years. the message to — through europe for years. tue: message to president through europe for years. tta: message to president putin through europe for years. "tt2 message to president putin is through europe for years. tt2 message to president putin is stop. it isn't too late to stop what you are doing. it isn't too late to stop what you are doing-— it isn't too late to stop what you aredoin.. �* ,, ., ., are doing. but as russia write a new histo of are doing. but as russia write a new history of europe — are doing. but as russia write a new history of europe with _ are doing. but as russia write a new history of europe with the _ are doing. but as russia write a new history of europe with the lives - are doing. but as russia write a new history of europe with the lives of. history of europe with the lives of ukrainians, america and europe are united and european countries are overcoming their divisions to respond. this is the prime minister of hungary visiting the border of ukraine. he was once one of the closest allies of

the lucky ones, board buses bound for cities in europe and others wait. this line is long, but it is still moving. now we can to this conflict and the crowd, the traffic, the line at this border crossing it's much smaller and the system is getting across into poland. seems much more organized, much more efficient, but no less tragic for the people that are leaving their country behind ukrainians, trying to get to safety say they feel abandoned by the international community. they know health is coming, but not enough to stop russian invaders destroying their cities, their homes, their lives, the mim, i'm for city not to. i'm not my ukrainians are going to nato, but not to. it's not here in the ukraine. we need real help army weapons, thomas, and what our army needs to do. we need to weapons and there's no weapons in ukraine that would really destroy the russians. each of these women have a husband or father or brother fighting to defend their cities or on the front line . they say they will never leave and help other ukrainians. however, they came at a pl

to ease europe's reliance on russian gas. the u. s. is to boost supplies of liquefied natural gas to eat market. this year president joe biden says, russia's brutal attack on ukraine should not be subsidized through fuel payments. also on the show, ukraine says it has sunk a russian ship supply ship off boreal and intelligence report say its forces have retaken ground, near keith, for the price paid by ukrainians. population has been high. ah i'm and you keeps mckennan thanks so much for joining us. the, the, the u. s. and the e. you have announced a plan to reduce european countries dependence on russian gas at a joint news conference with you. commission chief or sla funder lion president joe biden promised the u. s. would deliver more liquefied natural gas to europe this year. he also said the current crisis is an opportunity to boost renewable energy sources. let's hear what joe biden had to say earlier. we're coming together to reduce your friend who's on russian energy. put news issued rushes energy resources, of course

if you're a monte, what's in this for europe? well, i think this, this relationship could be literally a reward nowadays to data economy. the flow of data is dominated by 2 polls north america, and east asia. and i think both europe and africa need to become as autonomy as, as possible in the generation of data and the use of data and the digital economy can be mutually rewarding. but i agree with my colleagues, we need to see what are this time europe is serious about taking africa as a business part or a business partner rather than as a development age target. this is, this is real economy. it's the teachers are becoming progress and i think, you know, it's, it's, it was long overdue. well, let's talk more about that points on the difference between you know, investment and development age. well, what's your, what's your view on that, david? money, what's, what's been the problem with europe's relationship in the past that could be improved upon this time? i think the problem was, we'll start with the language. if you look at

that we've experienced in europe. and many thanks to d, w julius, shout deli, she is going to remain standing by outside this press conference that will be taking place between the leaders of germany and sweden. we will bring it to you, our viewers, as soon as it happens. in the meantime, let's continue with more news out of ukraine. a president vladimir zalinski says he's open to negotiating a potential neutral status for his country. in an interview with several independent russian news organizations, which the kremlin banned from publication inside russia. so lensky said his team was carefully studying moscow's demand for ukrainian neutrality. he said that the issue would have to be put to referendum. it comes as ukrainian intelligence service warrants that russia is trying to split the country into. after more than a month of fighting key remains in ukrainian hands though, increasingly scarred by war. but even those whose homes have been destroyed, believe that victory as possible with enough help were the service

in general, listening way in europe was found out. so in 1939, 1939, that was the year when the world war 2 stopped. i believe that when the country, which was 25000000 people through the world war 2 and these very country way each piece of land is somebody is great. this country started to war and killing people right now, 20 century europe. it's just impossible to conquer stephanie. earlier this week, switzerland announced that it would freeze russian held financial assets in the country, totaling more than $11000000000.00. it's a big number that's according to the new york times. that's a rather shocking move, given switzerland's long history of neutrality. what, what does that kind of move tell us? it tells me that the global communities really are really running around one point, which is to, to really express their opposition, their frustration, derringer or de outburst with regard to what's ongoing and in ukraine, even smaller countries neutral countries like so as a lend, you mentioned to have joined to chorus i. i must admit,

of the eastern europe already thinks, yes, we are already at war. so there is this fear which is connected with our geography and also with the historical experience of the region that tells us if you cranes it on fire than we are going to be on fire. very soon, you have written in an article about the read traumatized ation of eastern europe by this ward. you mean, we mean that we basically think in poland that we see in ukraine both our past and our future. we see the past because we see the dormant imperialism of russia coming back again and again, thrilled the last 300 years. but it could be also potentially future. this is why people already are feeling a lot of fear, although they fight with this fear, with empathy, with empathy to was the refugees a 1000000 compared to the population. slovakia at the moment takes are the largest to have refugees. well if you don't come moldova, country 2 and a half 1000000 that has the same amount of my home country. slovakia, $200000.00 now and growing, but i wouldn't single out any country because this is n

we know there are different views in europe. there are various is on the subject, and it will be up to the european commission to produce an opinion on the basis of which the council will take his responsibilities on board. the council will have to seriously look at some symbolic political and legitimate request in mode. wanted to follow what is and what will have to like the appropriate choices inactive, determined and clear headed manner should you should, you should go with them to miss your legend. gentleman to, to, to, to move on to georgia, accepted all of that or did i, did it know when this war was launched? she put his blood, put him up, thought that he would break your opinion till he was wrong. a post, he probably thought that he would face inertia this excuse paralysis, search for excuses to avoid taking decisions. but he was wrong about when he launched this action. you probably thought that he would take you crime easily and rapidly, but he was wrong because the cranium, people are resistant. probably talk. don't s

gas to europe. and we will also benefit from this u.s. export of natural gas to europe. missy: i'm just going to try to squeeze in one final question, if i may, that i didn't get to earlier. what is latvia's position on whether or not nato nations should be providing fighter jets to ukraine? this has been interesting to watch. this has been the subject of, as you know, differences of opinion among nato nations. president levits: yes. our opinion is that we should give to ukraine all what ukraine needs in order to defend for their selfdefense against russian aggression. but we don't have plans. it is up to the nations which could make the planes. there are different opinions. we're considering each day how it is possible to help ukraine. we discussed at the moment the most effective military help to ukraine is to give antitank missiles and antiaircraft missiles. and ukraine is getting this and we will increase our military help and i think this would strengthen the ukrainian side in this war. missy: well, unfortunately, we are going to have to leave it there. president le

how do you suggest europe can jumpstart lng so it can rescue germany and europe? >> what we need in germany is import capacity. tom: what is import capacity? 9 >> the lng market is global gas it needs to come to europe while in the netherlands or in spain. that's what the german government is pushing and we communicated we will support providing liquid capacity to germany. the other thing is lng is a global balance. we also need gas capacity to liquefy the gas we produce and that's something that doesn't take place in a short circle. jonathan: thank you for spending some time with us. tricky moments for the europeans. lisa: especially since there is this feeling they can't cut themselves off from gas while politically it's uncomfortable to continue this. i am not as young as tom keene seems to make me out to be but thank you for the implication. tom: the best part about lng meetings is the cocktails and hors d'oeuvres. jonathan: you went to that meeting? tom: meetings plural. lng was going to save the world. what was great about mr. mueller, here is a chief financ

but we are facing also to be equal members of europe. i believe that to day we are showing everybody. that's exactly what we are yet. the routine union is going to be much stronger with that. so that's for sure. without you, you train is going to be lonely, lonesome. we have proven our strengths. we have proven that, as at a minimum, we are exactly the were the same as eula. so do prove that you are with us. do prove that you will not let us go. do prove that you indeed are you repairs and then life will win over death and light will win over darkness. glory be to ukraine. thank you very much for your staying message. strong message president for your bravery and for your conviction i that was ukrainian president brought me zalinski addressing the new parliament are coming alive to you here on the adobe a news. and for the 1st reaction, let's quickly crossover to, ah, brussels, corresponded a barbara vessel standing by for us at the parliament. barbara, very brief. your 1st impression, what do you make of zalinski addressed? a very emoti

and europe of course is huge consumer of russian gas. so europe is in amash -- much different position compared to the u.s.. as far as venezuela, some u.s. officials met over the weekend with venezuela and officials. venezuela has been under sanction since 2019 that have crippled the industry, venezuela only produced about 800,000 barrels a day. that's down from what it was, 3 million barrels a day 20 years ago. so any relief from sanctions would certainly help venezuela, but would not translate into a huge inflow right away because the industry there has suffered for years and were probably need a lot of time to recover. manus: absolutely, as the iron curtain balls, the politics of the world change. bruce einhorn with the latest on the oil sanctions from the u.s.. the unhcr says 2 million people have fled ukraine since the russian invasion began. it shares a 310 mile reporter -- border with poland. tom mackenzie, give us a sense of the latest situation on the ground, where watching the harrowing images but the flow of people is still st

as well as its membership beyond europe. the security measures of the participating states of the osce will therefore have to be sustained. secondly, the osce's role has important room for dialogue and -- on the security architecture of europe needs to be reemphasized. we believe the osce provides a unique platform for opening good faith discussions to bend the schisms that have been opened up and should be addressed. we therefore welcome the ongoing efforts by the osc osprey dialogue between the russian federation and crane. -- osce to foster a dialogue between the russian federation and ukraine. the osce is indispensable in implementing a comprehensive and peaceful end to the conflict, which regrettably has resumed. we also regret in this context that a special mission to suspend activities, and remain concerned by cascading security, humanitarian, economic and developmental impacts of the situation. all efforts to resolve this conflict including diplomacy must therefore be encouraged. we welcome the osce's efforts to hand

for its own purposes, not for europe's own interests. i submit that to you. go ahead a, whoa again. i agree of your pizza. i mean, it is astonishing. is astonishing to, to see on such great western countries like france and germany are allowed to to this happened to europe. i mean, we know that asia, a economy economy power has shifted to asia. and what this conflict is telling to the asian economies and great powers in asia like china and india, is that they don't. i mean they, they can't trust the west really. and they will do whatever it takes to prevent this mess or curing in their hemisphere. i would say also the narrow mindedness of, you know, putting this in very, very narrow context. strictly weston or european context is simply not right. because we can see that china is unwilling, i mean, i would say, global se i'm willing to sanction or vote against russia because of the world or international community, as they say in the western media, all in the western price. it's much louder than, than the united states and it's possible

dpas over to europe would affect those prices? oil and gas is a global market, is there any indication that will help ease prices at the pump? >> greg: i don't think anything this administration doll will ease prices at the pump, they refuse to allow domestic production, and until you open that up and relying on our own energy production in this country for the safety and security of the american peep and he will lower energy prices, you will see gas prices continue to increase, putting pressure on inflationary prices and it is bad when democrats are talking about paying americans $300 a week to cover the cost of increase in gas supply, it is hurting the people they say they support. low to middle income earners are most affected by gas prices, working two jobs, trying to provide for their families, not wealthy americans impacted by rise in gas prices, low to middle income earners, who are living paycheck to paycheck on small amount of money and having huge impact on their everyday living. >> todd: congressman greg steube, we appr

we go from europe to mexico. to talk about raising their key interest rates 50 basis points to 6.5%. this comes off the heels of slower inflation so is the mexican central bank actually targeting inflation that's already looking to ease just a little bit. you're seeing some strength in the mexican peso against the dollar and the resilient real as well. -- brazilian real as well. this is bloomberg. ♪ guy: events in brussels dominating the agenda. president biden just wrapping up his meeting with european leaders including the latvian president. he is with bloomberg's emily hard-earned. let's go back to brussels. >> i'm joined by the latvian president just coming out of that meeting with the president of the united states and the other members of nato. president biden is now at this g7 meeting and there's going to be a warning to president putin about the use of chemical or biological weapons which will have dire consequences on nato countries as well. would you view that as an attack on a nato ally? >> use of ch

manus: it's daybreak europe. the world's first major central bank policy meeting since russia's invasion of ukraine began and is being held today. the ecb will meet. the central bank assessing the damage of war and how that could inflict on the european economy. the ecb could press the pause button on its plans to an stimulus. we are tracking the narrative for the european central bank. what is my risk as i go into the ecb today that lagarde hits a massive pause button? >> probably quite high. good morning. what we are going to see is a very concerned president, of course. talking about the impact of the russian invasion in ukraine onto the euro area economy, onto inflation in particular. it's now expected a riot -- to rise a lot further. we are seeing a print 5.8% which is almost three times the ecb mandate and that rate is going to go up. the challenge will be the ecb delivering price stability and bringing back inflation while also lending support to the company. the outlook is very uncertain. dani: all right.

i'm not a europe expert. when you are trying to replace supply, there will be a lot of push and pull. some of that will come from u.s. lng saying we can provide you with a 30-year supply. there will be wide and solar and other renewable company saying the lng guys will take three years to get a new plant built. you have to build one on either side of the atlantic. we can have our windmills up in six months over a year. this is creating a vacuum that a lot of industries and companies and countries are going to try to take advantage of. host: tim in wisconsin on the democrats line. good morning. caller: thanks for taking my call. i would like to say in wisconsin what i see on the ground -- i like the way you are talking about global market and oil companies are the ones that are purposefully keeping the drilling down. in wisconsin, up in northern wisconsin they were shut down. up and down the mississippi river the coal mines and the piles powering all the electrical plants have been converted to natural gas. th

therefore, the rest of europe, because germany is the biggest trade partner china in europe. and they, since a february, 4th, signature of the she agreement, many have seen that as a non aggression pact. and so we've seen putting move troops from russia's far east after meeting with she jumping in beijing before the olympics, and he's able to move troops towards ukraine. he couldn't do that unless he had agreement from china. and in addition, you know, they both were the same kind of killer soup shirt and tie, they're coordinating far more in space and other areas. and in that agreement, it's a $5000.00 word agreement. china said that they supported russia, moves in regard to nato, that they would also build a pipeline. and also, you know, there is a question mark over china. how will they act? will they really help russia? so the biggest loser in this is probably russia because they will be far more a junior partner to china than they ever dreamed of. maria deva, if putin was trying to weaken and divide nato, he's done the complete opposite. now has an easy, as ne, strengthe

and europe stands ready to -o aggressive. and europe stands ready to go further still. we recognise europe's. — to go further still. we recognise europe's, ukraine's european perspective. as our resolution clearly — perspective. as our resolution clearly states, we welcome mr president, ukraine's application for candidate _ president, ukraine's application for candidate status and we will work towards _ candidate status and we will work towards that goal. applause because we will and we must face the future together. mr because we will and we must face the future together.— future together. mr president, we stand with you _ future together. mr president, we stand with you in _ future together. mr president, we stand with you in your _ future together. mr president, we stand with you in your fight i future together. mr president, we stand with you in your fight for i stand with you in your fight for survival, — stand with you in your fight for survival, in— stand with you in your fight for survival, in this dark moment in our history _ survival, in this dark mo

publican, europe and the u.s. are making putin and russia rich again and that helps fund and enable this war. according to statements from the biden administration, oil and gas exports from russia are still flowing even this day. that raises another record text is important question. why not import all of the oil that we have with our vast resources right here in the u.s.? we have more than enough natural resources right in our country in the u.s. for at least 100 years, likely much longer. so what difference does it make to mother earth if the oil is produced in the middle east, in russia, or the u.s.? the one extension that would work, the one that would be effective, the one that joe biden and nato refused to adopt and discuss raises a whole other set of questions, about russia's banks and that is that joe now says we are -- russia is facing steep sections. okay. we are importing 167,000 barrels of oil from russia a day. how is joe biden paying for the disk imported oil especially because he put sentience on th

ah, in the headlines this hour on archie international, russia claims it has taken full control over europe largest nuclear power plant in southern ukraine. archie gets an exclusive glimpse of the massive arsenal stored at the plant after the ukrainian army laid down its arms. half crates and crate stack with assault rifles collage to go rifles as well as grenade lord, just ammunition of all sorts and types. also massive destruction and ukraine. second largest city, hot with residential building, left only partially standing after intense shelling with tech, you know, 40 vote on that to the issue with devastated towns also in the da boss. republics of done yet scan lugens as residents. li, the fighting and fear for their lives. and joe biden announces a ban on all oil and gas imports from russia to the us. but the move, it exposes divisions between america and e. u, as the block says, it will not go along with washington strategy. with broadcasting from our studios in moscow, this is our to international. i'm john thomas. we know that you have a choice. we're glad that you're with us as we

europe. and i'm thinking in particular of hungary, victor, or bonds, hungary, or about known to have friendly relations with putin. do you think that in the wake of what we're seeing in ukraine, mister or bon, may be reconsidering his attempt to maintain those friendly relations and perhaps looking at more solidly joining the rest of the members? or is this a temporary unity? i think it's somewhere between i think there's a misunderstanding. what's the position of countries like hungary and poland was in 2015? and since we misunderstood what they meant, then we now try to understand it in terms of that time, poland and hungary were never s center phobic. if they were put treat in western europe, especially in germany, it is, it is also, if you look to refugee law, it is a difference whether people are coming over 1000 of kilometers, going through a lot of countries where they would be secure, but decide to go on further for economic reasons, and that is a good reason. i don't say they should

not everyone in europe is on board though. that's mostly because it's simply not possible to do what washington is suggesting. the federal government has been urgently working for months with its partners in the european union and beyond to develop alternatives to russian energy. this cannot be done overnight. it is therefore a conscious decision on our part to continue the activities of commercial companies in the field of energy supply with russia. president biden said nothing is off the table when it comes to sanctions aimed at russia. ok, but can america's president affords such a policy when he's also promised to keep gas prices low? the white house seems less than willing to find out how the president has been approaching. any of the steps we've taken as it relates to russia and the actions of russia and holding president putin accountable is to take every step to the maximum impact that will impact president putin, the russian economy. we are looking at options, we can take right now to cut us consumption of russian ene

a pipeline that brings gas to europe. what likelihood you think there is that we are going to see a cut off of gas to play, to europe, either from one side or the other very much depends, i think, on the situation on the ground in ukraine, how the war is going on. and what 14 is ready to do or not to do the pressure, the political pressure, the more pressure in the very end will, will go up if he doesn't stop or if there's no solution to be found. and in the very end, it comes down to this very simple question. we can not do nothing. ok, and we're going to drill deeper on that point. but let me ask vendor lean to tell us a little bit about what the storing oil prices mean in the way of pain to, for example, in the us. and i'm talking about political as well as economic pain. us is a country very dependent on the automobile you are right. and in that sense, i'm at my, my present biden for taking that step because it may hurt you and politically, you know, the gas prices are priced for petrol. are going up a lot, you know,

europe. now the americans have taken over. next let's get some analysis from the bbc�*sjenny hill who's in moscow. the people around mr putin continue to justify this war although they don't call it a war, no one is allowed to here. but several justifications, the first days they say ukraine needs to be in their words denazify do. the second is that nato and s expansion represents a threat to russia. the third we have heard them saying is ukraine wants to get its hands on nuclear weapons, something russia will not tolerate. we heard mr lavrov repeating the accusations against the west and the expansion of nato is something that russia just cannot agree to. meanwhile us secretary of state antony blinken is on his way to brussels. here he is departing, he's off to meet with nato and eu leaders to discuss joint efforts to support ukraine, and strengthen nato's deterrence. he will then travel on to poland, the baltic states of latvia, lithuania and estonia as well as moldova over the coming day

and, secondly, reducing europe's demand for gas overall. to address the first point, the united states, together with our international partners, they're going to we're going to work to ensure an additional 15 one-five 15 billion cubic meters of liquified natural gas lng for europe this year. and as the eu works to discontinue buying russian gas well before 2030, it will also work to ensure additional eu market demand for 50 billion cubic meters of lng from the united states annually by 2030. to accomplish this, the european commission is going to work with the member states to store gas across the continent, to build more infrastructure to receive lng, and to take steps to increase the efficiency of gas. this build-out this build-out will occur in a way that consists is consistent with, not in conflict with, the zero net-zero climate goal we that we're shooting for. it's going to take some time to adjust gas supply chains and infrastructure as is built the last decade for the last decade. so we're going to have to make sure the families in

i would like to address my colleagues from europe separately, right next to europe. you've had an experimental platform for extremely dangerous biological trials. and we call on you to think about the very real biological danger to the people in european countries, which can result from the uncontrolled spread of the biological agents from ukraine, which as we have seen with covey 19, is impossible to stop. and if this such a scenario than all europe will be covered by it, moscow has been accusing washington of funding and curating by weapon. i experiments in, in ukraine, and now the former soviet republics for years. but now, ah, this story has gained traction after the started the russian military campaign in ukraine. we know that russia's defense ministry claim that it had captured documents. proving that some disturbing experiments have been carried out in, in, in, in laboratories across across ukraine, including using some very dangerous pathogens. and this is also something that was pointed by iceland benzo during this sa security council meeting. while as mosc

will likely push petrol prices even higher. biden quoted the cost of defending freedom. meanwhile, in europe, the u has set out plans to end its dependence on russian energy by 2030. it wants to end most of its inputs of natural gas from russia by the end of this year, but doing it will not be easy. russia is now openly threatening to cut off gas supplies to europe completely. this would lead to enormous bottlenecks for the entire e. you gas is primarily used to heat homes in ovens in production processes in power plants to produce electricity. a sudden supply stop would push up energy prices dramatically. prices for oil and gas have already risen steeply. consumers are feeling the pressure at the petro pumps and on their gas bills. before the russian attack, a megawatt hour of gas cost, $69.00 euro's already more expensive than consumers were used to. since then, in just 2 weeks, the price of the e ex energy exchange has rocked to a record high of 335 euros, and the outlook is uncertain. no one knows whether russia will make good on its threat and turn off the tap completely. the e u now wa