let s now get down to business. we start with energy as more eu caps on russian oil have come into effect. the price of premium products, primarily diesel, is being capped at $100 a barrel, while low end products, including fuel oil, will be capped at $45. other oil product imports are banned completely from today. the price cap is designed to limit moscow s ability to fund its war in ukraine. enforcement relies on prohibiting insurance and shipping companies from dealing with russian cargo, unless it was bought at or below the set price. i have not got viyella davis to talk about this instead i do have another guest. joining me now is spencer welch, oil analyst with s&p global. we have been talking about eu caps and bounce, what has changed today? changed today? there is essentially changed today? there is essentially three - changed today? there is. essentially three different mechanisms that have been put in place in the last two months. on the fifth of december, the eu
after the prime minister offers his resignation but the president refuses to accept it. and ivana trump donald trump s first wife and the mother of three of his children, has died aged 73. welcome to our viewers on pbs in america and around the globe. celebrations have been taking place in sri lanka, after gotabaya rajapaksa became the country s first sitting president to quit. he did so after months of angry protests over the rapidly rising cost of living, and shortages of food and fuel. the delay in handing over his letter of resignation was, it seems, to do with his flight from the maldives to singapore. from colombo, rajini vaidyanathan reports. music. a moment to savour, after months of struggle. now there s joy. these demonstrators had one key demand, that the man they blame for their economic woes resign. tonight, president gotabaya rajapaksa did. protesters say they are celebrating what represents a victory for people power. it s the end of the rule of the rajapak
from russia. imparting quite a lot of diesel from russia. ., ., ., , , from russia. now that has been banned from from russia. now that has been banned from today, from russia. now that has been banned from today, what - from russia. now that has been | banned from today, what impact will that have? i banned from today, what impact will that have? will that have? i think it is hiuhl will that have? i think it is highly likely will that have? i think it is highly likely that - will that have? i think it is highly likely that diesel i highly likely that diesel prices in europe will increase so what will happen is that europe will have to find the diesel it needs from other sources, further afield, so quite lightly the middle east so the shipping cost to get the diesel into europe will be higher. the other effect is that russia is going to have to try and sell the diesel it was selling to its nearby neighbour europe somewhere else, further afield. again higher costs for russia and