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Talking about various state run, in some cases private energy companies. so many different countries. it gets very complicated as to what s happening. the bottom line is, the united states and the eu want to stay together on this. on sanctions. there s a graph here that will show you that the eu imports about 41% of its natural gas from russia, and they re going to lure threatening states that don t adhere to this rule of not paying for gas in rubles. this rule of here s what s the president of the eu commission, and the president united states said about russia using gas as a weapon, take a listen. it comes as no surprise that the kremlin uses fossil fuels to try to blackmail us. it comes as something that the european commission has been preparing for in close coordination and solidarity with member states and international partners. ....
They only understand one language. it s the language of power. it s the words of force. other than that, they just ignore all the international less. all the security international law. all he has hospitality lives. because they don t care, putin does not care. so now in negotiations they should start with this particular, one point. get our people out of the besieged city of mariupol. when this happens, then i would believe that there is some peace agreement possible. right now, they cannot agree with us on this smartest things. minor things, in terms of all the jew political game, right now going on. i have a lot of admiration for you and your approaching all of this, i hope to see you again, very soon, stay safe. a new warning from the eu threatening legal action against company that allow their companies from paying for their gas in rubles. this came as russia cut off gas ....
To poland and for refusing to pay in rubles. let s go to ron allen joining us from london. let s talk about the penalties that these eu countries face. how does the situation impact the likelihood of it oil embargoed? it s kind of complicated, alex, this is all about the russians trying to overcome the sanctions that the united states and the eu have imposed on them. that s why they re acting for payment for gas in rubles, because it helps the russian economy. gives them some relief from the sanctions. the problem is there are 27 eu companies. they each have their own agendas. they ve been trying to speak in one voice and stand together on issues like the sanctions. so, this russians come off gas ailes to two countries, and threatening to do more. that s basically where the lines are drawn here. in terms of penalties, we re ....
this action proves that energy is a weapon used to deploy against those that standards their aggression. on the issue of gas, those countries say that they have supplies, they have storage capacity, and in some cases the contracts for russian gas are going to expire by the end of the year. the eu has been trying to move away from a dependency on fossil fuels from russia. that pace is accelerating, now, because of this. in terms of the oil embargo, the oil industry of russia is much bigger than the gas industry. it s therefore more complicated to get these 27 eu countries to get on the same page about an embargo. but there s a discussion of embargo. it would hurt russia. but across these countries there s this tug of war back and forth. energy poker, as it s been called. that s where we are on this front in the war. that s a really good way to put it, okay ron allen, thank ....