00:00For three long years now we have demonstrated our unity, our resolve and even greater cooperation
00:12to defend the sovereignty of Ukraine, to find a path towards a peace settlement and strong security guarantees for Ukraine.
00:21And all along the way, most members of the EPC supported hard-hitting sanctions on Russia
00:28and these sanctions are biting.
00:31Russia's oil and gas revenues have fallen by almost 80% compared to before the war.
00:39Russia's deficit is skyrocketing.
00:41Interest rates are prohibitively high.
00:44Inflation is on the rise, well above 10%.
00:47And we are ready to do more to bring Putin to the negotiation table.
00:53Many of the speakers mentioned it, this war has to end.
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