barbara hazel in brussels forest. thank you very much. now, a shortage of materials in germany's manufacturing sector is getting worse according to the countries evo institute. for economic research, almost 80 percent of companies complained of bottlenecks and problems getting into media products and raw materials like steel. during may foreclosures in china to district locked downs. i've made the situation even worse and recent months. other proposals or problems even facing manufacturers, will be one of the key topics this year's hanover fair, which has returned after a pandemic hiatus. the world's biggest industrial conference comes at a time of great uncertainty for makers across the globe. the 2020 to hanover fear is running at around half its pre pandemic capacity with some $2500.00 exhibitors instead of $5000.00 industrial transformation is the theme the call to action. businesses cannot afford to ignore, given the pandemic and soaring energy prices. amid the war in ukraine, and while companies with sustainable energy solutions may

barbara, hazel and brussels forest. thank you very much. now, a shortage of materials in germany's manufacturing sector is getting worse according to the countries. eva, institute for economic research, almost 80 percent of companies complained of bottlenecks and problems getting into media products and raw materials like steel during may. foreclosures in china to district lockdown made the situation even worse and recent months. other proposals or problems even facing manufacturers, will be one of the key topics this year's hanover fair, which has returned after a pandemic hiatus. the world's biggest industrial conference comes at a time of great uncertainty for makers across the globe. the 2020 to hanover fear is running at around half its pre pandemic capacity with some $2500.00 exhibitors instead of $5000.00 industrial transformation is the theme the call to action. businesses cannot afford to ignore, given the pandemic and soaring energy prices. amid the war in ukraine, and while companies with sustainable energy solutions may benefit

the proposals coming from brussels — and again, it's important to emphasise this is coming from brussels, that is the administrative, bureaucratic centre of the european union, not from the member states — is proposing something that is unacceptable. they exactly know the hungarian position, they are familiar with the facts, they are familiar with the ratios, actually, of russian gas and oil in our energy portfolio and the importance for our economic system. so, they exactly know that what they are proposing is against hungarian interest, is against the possibility that is feasible on the ground. and if we do that, we completely are going to ruin hungarian economy. well, you know, i come back to, again, the examples from other member states. i was in bratislava just the other day, talking to eduard heger, the pm of slovakia. last time i checked, slovakia, too, was landlocked, slovakia, too, is heavily reliant on russian oil. he says his country is going to make every effort possible to diversify its energy sources, to move away from russian oil, he deeply regrets what he calls the stra

us from brussel, alexandra. so we just heard the term that you could mission could be watering down the proposal. the embargo proposal signal, it will only embargo oil transported by c, allowing hungary to still receive oil by its pipeline. does this embargo light if it happens, actually make any difference? yes, it would make a difference. i think even though we are really talking here about a partial oil embargo only, but if for the european union moves forwards to banning all seaborne oil from russia, that would amount to 2 thirds of all oil deliveries to plan is to exempt hungry and maybe to other land locker nations, or from this embargo, but other countries such as germany, for instance, and colon, they have already announced that they are going to quit all russian deliveries of whether seaborne or through pipelines and that would in the ends amount to 90 percent of all russian deliveries, so at that it would be a big step. but even a with is a potential compromise that is currently been debated. and bruss

w, a brussels bureau chief, alexander von nomine in brussels. and d w. chief, political editor, michelle, yellow kutner. in our studio, i'm going to start with you in brussels. alexandra, what did you make of the statement? well, i was not surprised that of course, the european commission president as well as the president of the repeal council. both of them were very happy with their results dressing how important it was to stay, remain a re, a united. they talked about the oil embargo and that is going to have an impact, but of course they also stress sta and it was in particular the european commission president was upon the lion who stressed at that europe is well prepared for such a step that they have been thinking about getting prepared to make sure that they won't be any problems with regards to the energy security and another topic that i think it's very important for our audience as well. is how much, how important it was for the european leaders to speak about food security. of course, they're not concerned about the situation in the

barbara, hazel and brussels forest. thank you very much. now, a shortage of materials in germany's manufacturing sector is getting worse according to the countries evo institute. for economic research, almost 80 percent of companies complained of bottlenecks and problems getting into media products and raw materials like steel during may. foreclosures in china to district lockdown made the situation even worse and recent months. other proposals, problems even facing manufacturers, will be one of the key topics this year's hanover fair, which has returned after a pandemic hiatus. the world's biggest industrial conference comes at a time of great uncertainty for makers across the globe. the 2020 to hanover fear is running at around half its pre pandemic capacity with some $2500.00 exhibitors instead of $5000.00 industrial transformation is the theme the call to action. businesses cannot afford to ignore, given the pandemic and soaring energy prices. amid the war in ukraine, and while companies with sustainable energy solutions may benefit fro

in may, brussels announced it would invest up to 300000000000 euros to help the e. e. u become independent of russian fossil fuels and in germany, the readiness of policy makers to help businesses response swiftly to ongoing challenges has also increased in crisis situations. we usually see that our mutual interest and readiness to talk about on think about solutions is bigger than in maybe more regular normal times. so right now doesn't barry brought an open readiness and both sides to talk today. policy makers are increasingly re drawing the framework for companies to do business. it's happening at a rapid pace. still, companies have their work cut out. well, i think export orientated companies have to rethink the strategy of some final solution, biding, changing nothing because they're not active in any countries at a high risk. other sir, start to invest also in production and research in certain regions to become independent and to have a complete different value change. the value chains of the global economy are being redrawn rapidly amid significant macro econom

go back to mac xander in brussels. so max, there were say at the finish hope, but nato membership would protect them from any russian invasion. but russia used the pretext of nature expansion to go into ukraine. so is there a fear amongst the nato membership, but this might backfire? right, so russian retaliation has been a major concern here. that's true, but perhaps some that the threat is not as eminent as we've we, we've believed my colleague, terry schultz actually spoke to the nato. m ambassador. that if, if finland finished nato ambassador and asked him about this, the situation there. and he told her that at the moment there, he does not see any signs at this stage that russia is supp. it's aggression against finland and in prospect of a potential and nato membership. that being said, finland also relies heavily on its military deterrence. they have very strong military, they have relied on this in the past. and in addition to this, for the period where finland has a or will apply for nato membership. and for t

in brussels. thank you so much. she, military and groups are warning that age project across africa are threatened by the war in ukraine. support agencies in somalia says price hike sir, caused by the conflict mean millions are at risk of famine. while donations from rich countries are being diverted to help you crane by at just 5 and a half kilos, one year old, her son weighs half of what a boy his age should. he is being treated for severe acute malnutrition. at this somali camp for displaced families, but global price shocks caused by the war in ukraine mean that access to life saving food supplies is becoming increasingly difficult. i fled from al bob and the severe drought that hit our village and we lost our livestock. i didn't receive any aid there and my child is very sick. and minerva her here in somalia, severe drought, and the rise of the alphabet militant group have already left millions desperate for aid. now the fall out from the war in ukraine is only adding to the pressure. food an

and now we are hearing from our source for us here and brussels, that there will be able to night to agree. in principle on this ban, i can almost hear some of our viewers alexander asking why does hungry have so much power over the block? what does this mean for the unity and integrity of the block? well, it's of course and not a good sign to have hungry, but also other nations saying, well, we are so concerned about our energy security that we are not ready to ben russian oil altogether. however, we have to remind our viewers at that, and that's how things work in the european union that you need. all member states on board when comes to such important decisions because they want to be united, they want to show this unity. and sometimes it means that you have to make compromises to get the deal done. the to date summit will also discuss the defense investments and a plan to rebuild ukraine. what more can you tell us about that? we expect the leaders to agree to provide ukraine with none. 9000000000 euros in 2022 to help the country pay the bills, pay on the payments to, to state wo

— and brussels. more cases of monkeypox _ and brussels. more cases of monkeypox have _ and brussels. more cases of monkeypox have been - and brussels. more cases of. monkeypox have been reported and brussels. more cases of— monkeypox have been reported across the world. several cases also found across north america and canada. the uk has a total of 20 cases while portugal has five and spain has identified seven. it�*s portugal has five and spain has identified seven.— portugal has five and spain has identified seven. it's been around for more than _ identified seven. it's been around for more than 50 _ identified seven. it's been around for more than 50 years. - identified seven. it's been around for more than 50 years. usually l for more than 50 years. usually cases are in west and central africa but we now had scores in this current outbreak in europe and north america. symptoms usually start with a fever and headache and then spreads to a rash on the face or general tools and mysterious and

k. government is looking for a reason to oppose or upset brussels. the u. k. government would like nothing more than to have this problem of their hands. but of course, they can't ignore it, because now the units are in a position to say, look, either you have a good friday agreement and it's, it's situations exactly and north south, a surface situations. all you have to protocol, but you're not getting both. so you can, government has to do something about that. what it looks like they're choosing to do is they're, they're already working on legislation to hand power over the protocol to u. k. ministers. so you came in, this is, will then be able to override it. this will lead to around with the a you can see we're showing no flexibility. we, you did here with exploited a period where if i may continue, the you exploited a period of great political weakness and division within the u. k. to come up with a solution with which was with which nationalists in ohio were completely happy and units were completely unhappy and in the situation, although you just ca

and therefore the protocol has to change whether brussels likes it or not. the judge duncan, go ahead the difficulties write the programs to national. i don't agree with them. but actually this election confirmed that the majority in northern, i don't quite, quite, substantially are in favor of retaining the protocol. and if there was a vote in the family, it will be, it would be a majority vote. i do think there is a problem, but it's not shared across the community. and what could be done there? the difficulty being that the form of practice that bars johnston at shows also had no cross community support. and the options which might have had cross committee sport were removed during the negotiations. who are kind of unraveling the wheel here. i suspect that the resonance invention, which causes an a thing like a trade war between europe and union or anything to disrupt the open border and the size of items that will actually cause more problems rather than last. so i'll be interested to see how it goes on, but i think to suggest that this wouldn't have wid

affairs strategist and senior director in brussels for ap co. that's a public affairs and strategic consultancy. and in cambridge, gram dudgeon, a research associate at the university of cambridge, and also a former special adviser to 1st minister david trimble and the northern ireland assembly a warm welcome to each of you. thank you so much for joining us gentlemen. now i want to start with why this is such a significant development. these are regional elections. polls like this don't necessarily always make the headlines of international news, but parties the port and northern northern island really has potentially exec, existential consequences here. so looking at the design of northern islands, very institutions, it was predicated on this idea that the outcome of this very project protracted piece process. i'm curious, duncan, do think the good friday agreement could have predicted this well, in some sense, the good friday agreement is not actual duration in which people go for like an accident and nothing can happen. another level. i think

so this is not another issue that was discussed at this e leader summit. max andrew brussels. thanks so much. it runs top prosecutor is preparing to try dozens of suspected war criminals. and sorry, we sent the wrong story there. let's try again. the governor of lou hantz can east and ye kranz, his russian forces now control about most of the city of savannah de nits. when relief organization estimates as many as $12000.00 civilians are trapped without food and power unable to flee because of the heavy fighting. russia is trying to see the entire don best region already partially in separatist hands since 2014 the sound of artillery echoes across the don bass. russian forces in sunny fields. shelling already shattered towns and cities before moving troops and for combat. he lives in london, but though says in general, the situation in the dawn bass remains extremely difficult, but the russian army is trying to gather a superior force to put more and more pressure on our defenders. dumb with the maximum combat power of their army. we would lose misty auto mercy. russia is pushi

he and brussels this to day or the next day. or it did have your brussels bureau chief, alexandra from them. and they're reporting from that you summit in brussels. thank you so much. germany's name political parties have agreed to increase defense funding, chancellor, will i shoulds ones 100000000 euros to better equipped to armed forces? germany's military has long been under finance and poorly equipped. the new deal gets around strict budget rules and helps the government to meet nato spending goals. chart says the new funding means germany will make a greater contribution to european security. the door to a bonus via the german bonus row will be strengthened. it will be able to fulfill its defense mission better than ever before, and it will be able to make its contribution to nato so that we can defend ourselves against attacks at any time. and also either types of visits and d, w political correspondent, leona on hammerstein is all night story for us. hello leoni. ah, a special $100000000000.00 euro fund for the german arm

our diplomatic edison james base reports from brussels. european leaders arriving in brussels for a crucial meeting on ukraine. at the start of the crisis, they'd surprised many with unity and strong sanctions. but a 6th package of measures including a ban on oil from russia, had been stalled for nearly a month because of objections from the e. u leader, with the friendliest relations with latimer putin. even at the start of the meeting, hunger is recently reelected. prime minister victor oberon seemed deposed the whole agreement. of course, what the problem is, you know that we are in a very difficult situation. ah, basically because of the responsible behavior of the commission, the head of the commission didn't address such criticism, but she to suggest that there wouldn't be a breakthrough during this meeting to. we're not there yet, but it has mature for shawn, my expectation. i know that it will be solved in the next 48 hours as ever the formal sessions at these summits are close to the public. but president zalinski is off his release part of his speech when he joined the meeting by

you liter summit, max andrew brussels, thanks so much. the mayor of seattle, jeannette sc in easton, yukon, says russian forces now control about half of the city. one relief organization estimates as many as $12000.00 civilians are trapped without food and power unable to flee because of the heavy fighting. russia was trying to save the entire dumbass region, already partially in separate his hands since 2014 the sound of artillery echoes across the don bass. russian forces in sunny fields, shelling already shattered towns and cities before moving troops in for combat. who died in london, but though says in general, the situation in the dawn bass remains extremely difficult, but the russian army is trying to gather a superior force to put more and more pressure on our defenders with the maximum combat power of their army. we will put those misty ottomans richie. russia is pushing to seize the entire eastern region of don bass, which has already been partially in the hands of pro russian separatists since 2014 . so vero done yet has seen

. european leaders arriving in brussels for a crucial meeting on ukraine. at the start of the crisis, they had surprised many with unity and strong sanctions. bought a 6 package of measures including an oil band has been stalled for nearly a month. some expressed optimism. the deadlock can be broken, there is carter being bused through and so that you should be maintained in the european council as we have been up to now. so that's important to continue. but such an upbeat assessment was soon dashed by the e leader with the friendliest relations with vladimir putin hunger as recently reelected prime minister victor or ban has 4 weeks been the one to oppose the oil ban, to win him over to now being proposed that to begin with the bam will only apply to oil that com on ships from russia not supplies that are delivered by pipeline. but mr. all been told reporters, there was no deal yet. let me the little the we are in a very difficult situation. ah, basically because of the responsible behavior of the commission, the head of the commission didn't address such

our diplomatic editor joins us live now from brussels. he's been following developments there. james, can you give us some details on exactly what they have agreed to, and how hunary, after blocking the sanction -- hungary, after blocking the sanction, has agreed to go along with it? >> yes, it seems that after nearly a month of trying to get this through, this sixth package of sanctions, the breakthrough has comes while the leaders were having their dinner. the news, coming to us just a few moments ago, on twitter from the president of the european council. he says unity is the first word of the tweet. this came by twitter. agreement to ban exports of russian oil to the eu. covering more than two thirds of oil imports from russia is not what the eu originally set out to do when it first announced this sixth package of sanctions and the ban on oil. it was going to cover all russian oil. would it now covers is oil that comes from russia into the eu by ship but not oil into the eu by pipeline. that will be dealt with later. this is because of the rejections of one country, hungar

as here but also what happens between brussels and london.— brussels and london. as for the voters, brussels and london. as for the voters. a _ brussels and london. as for the voters, a caretaker _ brussels and london. as for the | voters, a caretaker government, brussels and london. as for the - voters, a caretaker government, that is not really what they want. it is a second-rate _ is not really what they want. it is a second-rate form _ is not really what they want. it is a second-rate form of— is not really what they want. it is a second—rate form of government, the government even when it is all ”p the government even when it is all up and _ the government even when it is all up and running is pretty clumsy and slow to _ up and running is pretty clumsy and slow to make decisions, but if we had this— slow to make decisions, but if we had this caretaker situation, we cannot— had this caretaker situation, we cannot have any count of new policies — cannot have any count of new policies and the majority of the parties — policies and the majority of t

james bass was in brussels, but 1st, his report. european leaders arriving in brussels for a crucial meeting on ukraine. at the start of the crisis, states surprised many with unity and strong sanctions. but a 6th package of measures including a ban on oil from russia, had been stalled for nearly a month because of objections from the e. u leader with the friendliest relations with vladimir putin, even at the start of the meeting hungry, his recently reelected prime minister victor oberon seemed opposed the whole agreement. of course, what the problem is, the law that we are in a very difficult situation. ah, basically because of the responsible behavior of the commission, the head of the commission didn't address such criticism, but she to suggest it, there wouldn't be a breakthrough during this meeting to. we're not there yet, but it has matured for shawn. my expectations. i know that it will be solved in the next 48 hours as ever the formal sessions at these. it's a close to the public. but president zalinski is off his release part of his speech when he joined the meeting by vide

we are in brussels next as e.u. leaders kick off two days of meetings with that russian oil band still a sticking point. we will take another look at the story. this is bloomberg. ♪ yousef: this is "bloomberg daybreak: europe." i am yousef gamal el-din dubai. leaders are gathering for the summit in brussels with the latest sanctions package stops. hungary is refusing to back the compromise to deal. let's get to maria tadeo. what could a middle ground deal look like? maria: yes, good morning. and you know, it is unclear because this thing has been on the table for a month. it is clearly not a good look for the european institutions. a huge hit to the credibility of the european commission. after four weeks, but are looking at is a very watered-down version of the initial draft that is not yet done and agreed to by the e.u. 27 leaders. viktor orban said there's no point debating this, that it would only serve to showcase divisions in the e.u. but clearly, this issue of the oil ban, the lack of oil ban, dominates the

the agenda i was going across to did up in brussels correspondent max sander. i'm actually just heard your commission president fund a lion in the report saying that the oil embargo will destroy the financial basis of futons war in ukraine. how hard will this really hit a russian economy? right, so the 6 package of sanctions in particular is all and burger has the potential to deal a severe blow to the russian economy. where we're talking about 90 percent less oil going into the european union. and this could transit into 25 percent less revenue in the russian budget, according to some experts. so a huge chunk of money. now this is because we're not just talking about oil, but also petroleum products or a refined products. we're talking about diesel. we're talking about a petrol, cosmetic sir production of that and an asphalt in various other, other in other areas. so industry, these industries and russia will, are all targeted by the sanctions and some of them are likely to be brought to their knees. ok, so this next round of sanctions, clearly tough on russia

so l ban at big news, but not the only topic on the agenda in brussels today. and what else came out of busy summits? so various other topics were discussed. one very important topic here is food security. now ukraine is also dub, the breadbasket of europe. it's one of the biggest producers of gray in the entire world, the biggest one of the biggest exporters, and due to the warn ukraine grain is stuck there. so we're talking about 20000000 tons that are stuck in the ports of ukraine at the moment because they're blocked by the russian military. now the you discussed on how to help with that situation because a lot of this grade goes to some of the poorest countries are in the world, some of the poorest countries in africa in the malise. a lot of it goes to goes to humanitarian aid also. so with the european union as was discussing now is implementing green lanes. trying to bring out this grain through the u on rail, on land, not through the she put, bring in and to see ports in countries in the you and then putting them back in the supply chain there. they sai

now being drawn the european union is still divided over banning russian oil. leaders are meeting and brussels to agree on a 6th round of economic sanctions against moscow. but hungary is resisting an oil embargo because it's heavily dependent on supplies from russia. oil embargo, or no oil embargo. e leaders will have their eye on this man to day hungarian prime minister victor all been. well, several you nations say facing our dressing, oil will get expensive. hunger is the only one still open, the blocking it. and urban didn't give his fellow leaders much hope. this will change at this summit. thar, now did he's in agreement. oh, well, now i don't know about that would be acceptable at the moment that we will compromise with women people to get hungry on side. the ear commission has already watered down its proposal. only russian oil transported by c would be targeted and pipeline oil would be excluded. something which would greatly benefit landlocked hungary the central european country is heavily dependent on russian energy. but that's not enough for organ. he said hungary wanted oil supp

it will be the prime candidate to be the new european commission presidents in brussels. i put 100 bucks on that. i'm pretty sure that's going to happen. so he's preparing the french and the you for the long plan here. you know, but there are dangers that things don't quite go to plan and the plan is don't go along with this surreptitious to which the europeans are pushing at the moment. so . ready lots of play for a lot of high stakes and we don't really have any certain outlook of which way this can turn. you know, the, you doesn't really seem to have much control. what's going on at the moment is just banking on the plan carrying more money into it and keeping the sanctions going. but it will somehow we compute in and that will put even a strong negotiated position on behalf of ukraine at some point. but then that's going to happen. well, i wouldn't bet the farm on there. i it, it, let's go back to uh, to marco and london here. i wanna read a quote, quote that up with boris jones, i think he was talking with a, i think that's a swedish finisher. of foreign minister rel

i mean, no one in brussels is taking control. they say they're all unify unit and then the ukrainians can turn off to speak and unilaterally. and the u. e. u doesn't know what to do. you know, it's lost and you know, the point that market was making about these preposterous new coalitions or security deals that britain is making when sending and sweet. and that also undermines usually, you know, it makes it look as though it's almost a sort of peripheral player if you like, you know, parents just to the whole plan. very interesting though. just a few days ago, your friends foreign minister was talking in terms of the you possibly teaching you praying an next session deal. when you're going at some point. did that follow because of macros, comments, if you decided to say that it might take a decade for ukraine to join? you know, i think there's tension between ukraine, on your opinion. on the one side, you know, the european union might know scenario you crime, isn't it? signs a piece to russia to soon before you actually have thi

you know, when i was in brussels i, i lost count him and didn't part. as i went to where, you know, seeing that you have issues for glosses, ryan would start talking about competing, got to come up with america, creating the united states of europe. and this is the federalist superpower dream. the people like macro have and to be honest, the e, u and macro, i think it looked at ukraine as, as almost a gift or something called given. because i wanted a very, very long time to justify scrapping the veto roll the unit and see on voting on big decisions and brussels, which is prevented this russian sanction soil planned going through should remember . and i also wanted the opportunity to present you on the, i think a micron is finally realized that the french to be more relevant for him to be more powerful and run the way he'd like to. well i'm, he's really like martin, i think that's a very valid point. but as a crown or anyone else of these, these kind of, um, super staters have they ever, ever considered maybe asking the people of europe? that's what the

well, it's for show us, but a few things done by brussels. all the european stage actors have to at least give the impression that they're working very hard to deliver what, what the vessel states are supposed to do according to the us, the demands. and so this is part of that game. but the conclusion is it's likely yes is for gone. because for many of these decisions a unanimous vote is required. just one country such as hungry with a far sighted leader that has the spine and is willing to speak up, boys. people is enough to put a span in the work so many of these decisions. and as we discussed earlier, not all countries are in the same boat here, some countries and more heavily dependent on russian oil than others. so how fast is it to expect a band on oil imports from those countries and what alternatives can you countries provide? yes, i think it is a valid point graced by those countries that are very dependent on energy ice from russia. if you can certainly switch shimming the physical limitations even if you have the intention of movin

our diplomatic editor james bay's joins his live now from brussels. he's been following developments there. and james, can you give us some details on exactly what they've agreed to and how hungry off to blocking this sanction has agreed to to go along with it? yes, so it seems that after nearly a month of trying to get this through this 6 package of sanctions, the breakthrough has come while the leaders were having their dinner. the news coming to us just a few moments ago on twitter from shall, michelle, who is the president of the european council. he says, unity is the 1st word of the tweet because this came by twitter agreement to ban export russian oil to the u. this immediately covers more than 2 thirds of all imports from russia. now that is not what the you originally set out to do when it 1st announced this 6 package of sanctions and the ban on oil, it was gonna cover all russian oil. what it now covers is oil that comes from russia into the e. u by ship, but not oil that comes into the e. u by pipeline that will be dealt with later. now thi

unfortunately, with people in washington and those in brussels and berlin, who should know better? you know, brad, you know, because you brought it up 1st on the program here. i mean, this is a very unsavory alliance because as things get worse and worse for ukrainian armed forces, the you in the u. s. in the u. k. are going to depend more on these nefarious groups more than ever. well, you know, somebody who's lived roughly in the post communist world for a few years, i can say that that alliance is not as unholy is you might wish it was. i think that there is quite a large market for that for those kind of ideas. certainly when the check or public riley's, i mean we have like city officials in problem building neo nazi or i'm sorry, nazi collaborator, money money, and then tearing down soviet war hero memorials. essentially rewriting history of the 2nd world war. and i find all of this extremely disturbing and disgusting, and it's like if, if, if this happens in ukraine, that these various courses, the only one that are going to be willing to fight this nato. russia proxy conflic

he will be the prime candidate to be the new european commission president and brussels. i put 100 bucks on that. i'm pretty sure that's going to happen. so he's preparing the french and the you for the long plan here. you know, but there are dangers that things don't quite go to plan and the plane is, don't go along with this surreptitious to which the europeans are pushing at the moment. so there's a lot to play for a lot of high stakes and we don't really have any certain outlook of which way this can turn. you know, the, you doesn't really seem to have much control. what's going on at the moment is just banking on the cloud. more money into it and keeping the sanctions going, that it will somehow we compute and, and that will put the even a strong negotiated position on behalf of ukraine at some point. but, and that's going to happen. well, i wouldn't bet the farm on there. i it, it, let's go back to marco and london here. i want to read a cloud quote that web with boris john. so i think he was talking with her. i think that's a sweeter sure finish. a foreign minister

live from brussels. this is bloomberg. ♪ tom: welcome back to the market open, we are 43 minutes into the european trading day. gains of around .6% across the benchmark. top of the list in sectors are banks followed by autos and energy. the selloff in bond markets continues, gilts in the u.k., two year up a basis points. the german two here also up six basis points. the rba coming in with a more hawkish height that expected. francine: let's get to the latest on the war in ukraine. after months of resistance, germany says it is ready to support the plan two russian oil imports. >> after two months of work, germany is not against an oil band on russia. of course, it is a heavy load to bear but we are ready to do that. francine: that was the economy minister at a special meeting of ministers in russell's yesterday. -- brussels yesterday. the germans no longer oppose it, how fast can we get a meaningful embargo? maria: you heard in the clip. he said it openly, we are down to contingencies. we have worked o

right over to terry shelter in brussels has the latest. so terry, tell us about what we know on this development. that's right, e u leaders, the european commission president and the european council president have just come out and announced that that members have agreed to sanction. what ursula of underline says is up to 90 percent of russian oil by the end of this year. and that means that if they were there, there have been some extensions given to certain countries, and this will only cover part of russian oil imports into the european union. but this was something that leaders certainly did not think that they could come to an agreement on tonight that this has been up and down for the last month. and they were certainly very proud as they walked out to night and announced this at least partial agreement to ban russian oil imports. you describe that turbulence fair? what was the hold up and getting to the agreement we're seeing tonight? well, as you mentioned, a hungary has been unwilling to block. it's russian oil imports which come

if democracy foundation in brussels. thank you. the britain has announced plans to unilaterally rewrite part of the treaty 8 side as part of its breakfast. divorce dale with the european union. the northern ireland protocol deals with the provinces. unique role is the only part of the u. k. with a direct you border with the republic a violent the protocol keeps northern ireland in the a single market by festivity. placing a customs border in the irish sea between northern ireland and mainland britain, northern islands, pro british democratic union, his party says the protocol undermines the provinces status within the u. k. i, british foreign minister this trust today told parliament she'll bring forward legislation to change some of the protocols provisions. i'm announcing our intention to introduce legislation in the coming weeks to make changes in the particle. all reference remains the negotiated solution with the you an empower, allow the legislation being introduced. we remain open to further talk if we can achieve the same o

they'd have these brussels bureau chief alexander phenomena is following the story for us. i asked her earlier today how likely nato membership, the sweden and finland are given turkeys, reluctance on that question. always had a chance here to speak with many foreign ministers. and i have to say that most of them were very optimistic and, and confident that turkey will come around, that they will not undermine the alliances unity and will not eventually blocker or keep, or they will drop their opposition to sweden and finland joining the alliance. and some of them indicated that turkey might have domestic reasons or some bilateral issues with some allies. there are rumors that the reason for turkey's objection could be could be restrictions on weapons deliveries, to the country. the u. s. s. we know also imposed sanctions on turkey after the country decided to buy russian made or a defense systems. so all of this is sort of on the table, but we have to say that most minister is here. we're very optimistic that in the answer, at the accession process for sweden and finland s

let's go to brussels with kevin, our brussels bureau chief. kevin, we have a situation where hungary is holding up this package related to this ancient that will be applied to russian oil. we have seen them meeting delayed today, where are the key sticking points and are they political or practical? kevin: they are trying to figure out that exact question. hungary has a clear problem, they are reliant on russian energy, so this transition, if it happens and suddenly without proper support would be a huge problem for their economy. so there are legitimate things they are trying to sort out as they figure out what they can do. what the european union can do to make it worthwhile. you had the french president speak with victor martin hungary today. and ursula von der leyen, her call has been delayed indefinitely. but it does seem like they are trying to resolve technical issues as they try to see if there is a way to get everybody on board with the russian sanctions. guy: but why are they not working at a commission level with ursula von der leye

w. bureau chief, alexandra von nomine, in brussels. and with us in the studio is a d w chief, political editor, michelle, yellow, christner. alexandra, let's us start with you in brussels. how much of an impact will this council meeting have from an you perspective? well, i think it was very important for the european union and for the european leaders in the and to be able to agree on this partial oil embargo on this ban on russian oil transported today. you shipped, sir, because at the beginning we sell some cracks in the unity. now there are so saying we are united and this is of course, a very important signal towards ukraine, but also towards russia. this is for presumably something that is going to hurt to european economies, but 1st and foremost, of course, it will have an impact on the russian economy, on the russian energy sector, and presumably on the russian war machinery. a day after day they european union pays russia up to 400000000 euros for russian oil inputs. today you are p and union and a big amount of that is not go

her shoals are corresponded there for us in brussels. thanks very much with that update. russian forces have enter the city of severe don't ask in eastern ukraine, chief says its troops are battling to hold their positions. street by street. after days of intense shelley, russia is pushing to cease the entire eastern region of danbury, which has already been partially in separate his hands since 2014 ukrainian president vladimir lensky says severe dennis has been, has seen widespread destruction akin to what already happened in the eastern port city of maria pulled a city under siege. severe donetta has been battered by intense shelling for weeks. now russian forces have entered the city, and fear is a growing that it may share mary repulse fate. thousands of civilians, a thought to still be in the city, the largest in the loo, hence region, still held by ukraine. according to the mare, the relentless bombardment has left it impossible to keep track of casualties. with russia, bringing its overwhelming advantage in artillery to bear in i

or is a calculation and keep that appearing weaker might increase the sense of urgency and berlin, brussels in washington. i think it would be too cynical to say that it was purely a tactical position that the ukrainians are taking. i think the proof is in the pudding that ukraine is, as i said, losing the upper hand, that, that the time has turned in favor of the russians in the east. and that is particularly concerning for ukraine. of course. these colds from will weapons these calls for support from the international community that are coming from ukraine. and they are hoping that it's not going to be felt on fallen on deaf ears rather that, that, you know, these places that you mentioned, the powerhouse is the brussels, the washington's a, you know, that they, they are going to step up and try and try and help you cry and push back the russians. so, you know, i think it's a little bit of both. i think it's definitely too cynical to say that it's purely tactical yet. there is obviously a call for help in those woods, hoping that they're going to be is going to be heard. rebecca, you ment

here's our europe editor katya adler in brussels. for any sanctions package to be passed by the eu, it needs to be unanimously approved amongst member states. be unanimously approved amongst memberstates. but be unanimously approved amongst member states. but is hungry saying no, or is hungry saying not this way? well, brussels thinks is the latter, it thinks it can have these oil sanctions approved, properly by the weekend, but there will be quite a lot of living and horse trading in between. you see, we are on sanctions back six by now for the eu and some member states, like hungry, are affected more than others. so was notjust hungry, it's like a comedy czech republic, gary who are beginning to see other member states, who are beginning to see other memberstates, look, who are beginning to see other member states, look, you have got to help us out here, you have got to reassure our voters. it was not straightforward for the eu on one hand and on the other you have to say even when these oil sanctions are passed how effective are t