00:00So today we have a long day ahead. A few very important points. First, we are going to adopt the 19th package of sanctions, which has a lot of important points there regarding energy, regarding financial institutions.
00:18It is all meant to deprive Russia from the means to fund this war. We also are very happy about the signals we get from America regarding the sanctions, regarding Russia. I think it's an important sign of strength that we are aligned here.
00:37And of course, we're going to discuss the reparations loan as well. There are some issues still that we need to cover, but I think it's important.
00:48The fundamental message is that Russia is responsible for the damages caused in Ukraine and has to pay for those damages and the frozen assets we have and the reparations loan on the basis of that for Ukraine to defend itself.
01:04It sends three very important signals. One is to Ukraine, that we are supporting them to defend themselves. The other one to Russia, that they can't outlast us.
01:16And the third one to America to show that we are taking very important steps ourselves. And of course, today we are also going to discuss our own defense.
01:26What more can we do here for Europe? It is important that we see defense as a joint value and we also do joint projects to defend our region. Thank you.
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