can the eu agree on a ban on russian oil? it s not looking hopeful. eu leaders meet again to see what might be done. resistance, notably from hungary, has held up the eu s troubled sixth lot of sanctions. 0ther landlocked countries, such as slovakia and the czech republic, have also asked for more time, due to their dependence on russian oil. bulgaria, already cut off from russian gas by gazprom, has likewise asked for opt outs. but prime minister viktor 0rban s hungarian government, which has compared an oil ban to dropping a nuclear bomb on its economy, is seen as the ultimate obstacle. he wrote to the european council to say he didn t even want to be discussed. joining me now is dr adi imsirovic, senior research fellow, the oxford institute for energy studies. sir, you ve worked in the industry for 30 years. this weekend, the eu chief ursula von der leyen said there was a need to think strategically about how the eu approaches the topic of russian oil. she had previously i
reforms would continue in the world s fastest growing major economy in the world. that reported more than an 8% economic expansion in the last financial year. some of the post poll projections have even predicted a two thirds majority for the ruling party, and that would be even more than what they won in the 2019 elections. but these are still projections, and the exit polls have had their share of failures in the past. there s also expectation that many seats could go for a nail biting finish in the world s largest election. that also was marked by high pitched campaigns, divisive speeches, fake news and questions over the free and fair election. and so it s not over until it s over. the electronic voting machines that have recorded every single vote that was casted and its corresponding paper trails have reached the strong rules and the counting will begin 8am tuesday local time for whoever wins this mandate, creating enoughjobs and ensuring that india s fast paced economi
hit the country hard, making the economy one of the biggest issues in this election. financial markets are already celebrating a modi win. let s go live to the bombay stock exchange and our correspondent archa na shukla. looking at markets today, we are seeing a sharp sell off, what is going on? are seeing a sharp sell-off, what is going on? are seeing a sharp sell-off, what is going on? well, as the markets opened what is going on? well, as the markets opened today, - what is going on? well, as the markets opened today, they . what is going on? well, as the i markets opened today, they got a bit of a shock from the initial and early trends of election counting. projections had projected a clear mandate for narendra modi and his party and its allies, but the initial trends can begin seem to show the win could be narrower than projected. i am outside the bombay stock exchange, one of the two national exchanges in india, both of which saw a rally yesterday in monday s trade,
that reported more than an 8% economic expansion in the last financial year. some of the post poll projections have even predicted a two thirds majority for the ruling party, and that would be even more than what they won in the 2019 elections. but these are still projections, and the exit polls have had their share of failures in the past. there s also expectation that many seats could go for a nail biting finish in the world s largest election. that also was marked by high pitched campaigns, divisive speeches, fake news and questions over the free and fair election. and so it s not over until it s over. the electronic voting machines that have recorded every single vote that was casted and its corresponding paper trails have reached the strong rooms and the counting will begin 8am tuesday local time for whoever wins this mandate, creating enoughjobs and ensuring that india s fast paced economic growth continues and also trickles down to the masses will be priority. there ll
minister modi s party and its allies. some of the post poll projections show they might get a two thirds majority which will be more than in 2019. and the markets are hoping that economic friendly policies of the modi government and market friendly reforms will continue in india which is right now the fastest growing major economy in the world. just on friday, india released its full year, full financial year fy 2a gdp numbers and reported a vast 8% growth vast 8% growth. prime minister modi s party has taken credit for taking india on that path and markets are sharing the likelihood that the government will come back. multiple projections are still projections of the end of the day and in the past they ve also gone wrong so today, and am on words when that counting seat by seat in the selection starts, we ll get a fair sense of where things stand and the market reaction in the days to come will also depend on whether the majority comes to the ruling alliance led by per mr