lifelines. china would be the main one. but other countries are going to continue to trade with russia, and are not going to condemn it in the united nations or anywhere else. i just spoke to an assistant to the deputy prime minister, who was saying that the european and russian sanctions will be a very big deal. obviously here in hungary victor is up for reelection in three weeks, and says it is a nonstarter to even discuss. it there are other european countries that may soften on that. will that make a very big difference if europe stops buying energy, natural gas, oil and natural gas? that will make an enormous difference. russia we ve always thought it was a superpower, and then if you superpower. it probably will not be an energy superpower going forward, particularly if they agree to sanctions on russian oil and natural gas, at least with the
katie prescott is here. i asked her earlierfor more details. we are watching this because of the rising cost of living, because of concerns about climate change but also because of the conflict in ukraine. and because of what s happening there, with russia being such a key we are watching this because of the rising cost and there s a big push across countries around the world, notjust in the uk, to become more energy self sufficient as a result. particularly in the west, a desire to stop funding russia s war with ukraine by buying energy. in britain a pillar of this really is nuclear power. the problem is, it s very expensive so the uk government hopes that by putting this money in, other investors will come forward to match it. it s also not without controversy. we are expecting people in the local area could challenge it but it s certainly a key pillar of their energy plans going forward. you know what, like you said, it s notjust the uk, is it? i was listening recently to germany s
of living crisis, but also in the water in fact on inflation. wider impact. water in fact on inflation. wider im act. , water in fact on inflation. wider imact. , ., , impact. but the investment initially will be huge- impact. but the investment initially will be huge. it impact. but the investment initially will be huge. it is impact. but the investment initially will be huge. it is immensely- will be huge. it is immensely expensive, so it doesn t completely counteract the rising in traditional energy means. it counteract the rising in traditional energy meane energy means. it does. it s expensive energy means. it does. it s expensive in energy means. it does. it s expensive in the energy means. it does. it s expensive in the fence - energy means. it does. it s expensive in the fence thatj energy means. it does. it s i expensive in the fence that all energy means. it does. it s - expensive in the fence that all the money is spent on building the power station. on
to stop particularly in the west, a desire to stop funding russia s war with ukraine to stop funding russia s war with ukraine hy to stop funding russia s war with ukraine by buying energy. and in britain, ukraine by buying energy. and in britain, a ukraine by buying energy. and in britain, a pillar of this really is nuclear britain, a pillar of this really is nuclear power. the problem is though. nuclear power. the problem is though. it nuclear power. the problem is though, it is very expensive. the uk government though, it is very expensive. the uk government is hoping that by putting this money end, other investors will come this money end, other investors will come forward to match it. it is also not without come forward to match it. it is also not without controversy, and we are expecting not without controversy, and we are expecting people in the local area could expecting people in the local area could challenge it. but it is certainly could challenge it
us the government s decision comes about a backdrop of rising energy prices, for at least three reasons. the rising cost of living, concerns about climate change, but also the conflict in ukraine. because of what s happening there with russia being such a key player in the energy market, we have seen energy prices spike. there s a big push across countries around the world to become more energy efficient as a result, particularly in the west, a desire to stop funding russia s war with ukraine by buying energy. a pillar of this really is nuclear power in britain. the problem is it is very expensive. the uk government hopes by the other investors by putting this money in. we expect people in the local area could challenge it, but it is a key pillar