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Transcripts for CNN CNN Newsroom Live 20220131 05:06:00

measures would take effect if russia invades ukraine. but he says lawmakers are united on sending a clear message to moscow. we are committed jointly in a bipartisan way to defend ukraine and to send putin a message. it will be bloody and consequential. mennendez says he is hopeful the senate can reach a deal later this week. as u.s. lawmakers get closer to a deal on sanctions, there are mounting concerns moscow could hit back by slashing fuel supplies to the west. in particular europe especially worrisome for eu countries. they get about 40% from their natural gas from russia. also, key pipelines run through ukraine. a russian invasion would threaten the country s energy infrastructure, while europe would be hardest hit, experts say disruptions would ripple around the world, sending prices higher globally. megan o sullivan joins me now

Transcripts for CNN CNN Newsroom Live 20220131 05:12:00

demand is reduced. and it is this tension that we have to prepare ourselves for that demand for these energy sources of oil and natural gas may not go down as quickly as supply. and it s in that kind of market that these traditional big largely state-owned companies will have the most influence. and even at net zero, there is still going to be a need for oil and gas, even in that scenario. it s a fascinating aspect of all of this. and great analysis. meghan o sullivan, thank you so much. thank you, michael. pleasure to be with you. north korea test-fired its most powerful ballistic missile in years on sunday. the seventh missile test this month alone. it is, of course, raising anxieties in south korea and also in washington. the biden administration says it would like to return to diplomatic talks with pyongyang, but they re still waiting for an official response. one senior biden official says

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:40:00

when we get to net zero emissions decades from now, but for a long period of time, they are going to exist along with potentially new geopolitical issues, concerns, risks, around critical minerals and trade tensions that could arise from the energy transition itself. megan, you wrote in an op-ed that russia s oil production may be an even bigger weapon for vladimir putin than natural gas. why? well, this is because the russian contribution to global oil markets is very, very substantial. right now russia produces about a tenth of the world s daily oil production, exports about 5 million barrels of oil a day which is a very significant amount of oil for the global markets. now russia has a lot of reasons why it may not want to pull back on this production. it may not want to cease providing this oil to global markets. but if it did decide that it was in a situation where it really

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:41:00

wanted to wreak havoc on western economies, it could do so by pulling back on production which would increase the price overnight and that would, of course, fuel inflation in the united states and europe and other parts of the world. of course, this would also upset some of russia s close partners here and namely i m thinking about china. so that s a very real constraint on this strategy. but certainly it s an option that russia has if it really is willing to jeopardize the long-term for the short term. fascinating. a lot at stake. megan o sullivan, jason, thanks to both of you. appreciate it. straight ahead, i ll talk to the last foreign tv reporter in kharkiv as this firefight continues to go on. she and her cameraman are holed up in their hotel in a makeshift shelter with plywood protecting the windows. stay with us. new investors can open an account and geget $50 to split across the top five stocks in the s&p 500®.

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:36:15

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:36:15
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