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us and eu officials are meeting today to discuss energy cooperation. the focus? according to the us, joint efforts to blunt russia s attempts to weaponize energy, bolstering energy supplies for the coming winters. this comes as eu member states consider extending restrictions, or even outright banning, russian natural gas imports. the bloc has also imposed a $60 a barrel cap on purchases of russian crude oil, something that the us has supported. joining me now is olga khakova, deputy director for european energy security at the atlantic council s global energy center. on the committee that looked into their trade relationships. has russia been able to weather the international sanctions issued against its energy exports? i think overall, the price caps have been a win, a lot of analysts actually were hesitant to implement or support but anything and the overall goal was achieved. key pressure on energy supplies on the market while minimising how much money russia is ....
the chairman of the bank has said he is truly sorry for taking the company to the brink of bankruptcy. credit suisse was taken over last month by its rival, ubs, in an emergency deal backed by the swiss government. shareholders were not consulted about the takeover. let s go live now to switzerland and speak to our correspondent, imogen foulkes. it is interesting if you eat so what has come out of this meeting, the boss they are apologising and also a collapse entirely would have been bad news for the country and therefore this was the least bad option. therefore this was the least bad 0 tion. . , , therefore this was the least bad otion. . , , ., option. that is right. it s a blustery option. that is right. it s a blustery day option. that is right. it s a blustery day in option. that is right. it s a| blustery day in switzerland option. that is right. it s a - blustery day in switzerland but there is a tornado of anger blowing through credit suisse s agm. it ....
so let s now get down to business and, as you ve been hearing, a stark warning has come from the head of the united nations that the world is sending out a distress signal and our planet is changing at a catastrophic rate. antonio guterres was speaking at the cop27 summit in egypt, where over 100 world leaders are gathering. last year, many economies pledged to reach net zero by 2050. but then things changed, europe s energy market was hit by russia s invasion of ukraine, and now countries face the prospect of blackouts and rationing of energy supplies. in response, germany, italy, the netherlands, greece and hungary have all extended production of coal and have re opened previously closed facilities. so can european countries still meet their net zero pledges? tim mcphie is spokesperson for climate and energy at the european commission. we have very dramatic challenges before us but we have written into law legislation that all member states have to follow. 0ur net z ....