who is suffering under constant bombardment today probably doesn t sound like the very near future at all. another thing, another aspect to this which i like to put to you. the swift financial transaction system, while the americans have tried to cut russia off completely from that system, the eu has not cut off sperbank or gazprombank from swift transactions. now those are banks which are crucial to europe s energy transactions. that suggests again europe isn t serious here. you always start with the sanctions in a way that it hurts your adversary in the hardest spot. the russian rouble is down while stock market is not operating very well, their economy has severe consequences so sanctions are working. but isn t the point, commissioner, the sanctions
change because they now have. they have to pay on gazprombank, not in the euro. it is not a sanctioned bank. no one really understands why putin did this. the german government said, we have to take time to look into these new instructions we are getting. it s important to say i think it was tuesday this week that the german government triggered the first level of emergencies, so germany is getting ready for the worst case that gas is not coming from russia. the economy minister was quoted on thursday saying, we re not going to be blackmailed by russia. polly, there is a bigger issue here, regardless of whether or not there is a deal and other western countries said we are going to wean ourselves off russian energy. is there a risk that that s not a peace incentive for putin? why would he settle early if we will abandon his cash cow anyway? it s a self defeating policy for him. it s quite difficult for him to technically turn it off the ft has been writing
organisations and people, including the russian billionaire youjeen shvidler and also galina danilchenko, who was installed by moscow as the mayor of occupied melitopol a city in south east ukraine. also targeted are: the wagner group, a russian mercenary group seen as vladimir putin s private army, gazprombank, russia s third largest bank and one of the main channels for payments for russian oil and gas. and the reported step daughter of russian foreign minister sergei lavrov polina kovalyohva who is thought to own a london property worth an estimated £4 million, or $5.3 million. this is what borisjohnson had to say as he arrived for the nato summit. the reality is that vladimir putin has already crossed the red line into barbarism and i think it s now up to nato to consider two gather the appalling crisis in ukraine, the appalling suffering of the people in ukraine to see
are the contracts and actually now there has been a little change because they now have they have to pay on gazprombank, not in the euro. it is not a sanctioned bank. no one really understands why putin did this. it s not a sanctioned bank. no one really understands why putin did this, even the german government said, we have to take time to look into these new instructions we are getting. it s important to say i think it was tuesday this week that the german government triggered the first level of emergencies, so germany is getting ready for the worst case that gas is not coming from russia. the economy minister was quoted on thursday saying, we re not going to be blackmailed by russia. polly, there is a bigger issue here, regardless of whether or not there is a deal and other western countries said we are going to wean ourselves off russian energy. is there a risk that that s not a disincentive for putin? why would he settle early if we will abandon his cash cow anyway? it s a
to get the gas to power manufacturing, so in many senses it s a big challenge. putin then demanded that from now on his customers had to pay in rubles, which helped him a bit because the ruble went up and energy prices soared even more, but he found in the case of the german government and the chancellor being very strict, saying no, we are going to continue paying in euros, these are the contracts and actually now there has been a radical change because they now have they have to pay on gazprombank, not in the euro. it is not a sanctioned bank. no one really understands why putin did this. to pay gas and they can still pay in euros. it s not a sanctioned bank. no one really understands why putin did this, even the german government said, we have to take time to look into these new instructions we are getting. it s important to say i think it was tuesday this week