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Europe Today: komisarz UE Dombrovskis o wojnie z Iranem i Ukrainie
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NewsTranscript
00:00www.youtube.com
00:30Iran's Revolutionary Guards now say they've struck a Liberia-flagged vessel
00:34they claim is Israeli-owned.
00:36Iran had promised to only target ships linked to the US or Israel,
00:41but another Thai carrier was also struck in the Strait of Hormuz.
00:45The Israeli military, meanwhile, says it has identified missiles
00:47launched from Iran towards Israel
00:49and that air defence systems are working to intercept them.
00:53This while thousands continue to flee southern Lebanon,
00:55and the International Energy Agency says its member countries
00:58could release up to 400 million barrels of oil
01:01from their reserves to ease the impact of the war.
01:04And French President Emmanuel Macron has said
01:06Iran's military capabilities had been weakened,
01:09but not, quote, reduced to zero by US and Israeli strikes.
01:13He made the comments after a meeting with G7 leaders,
01:16including President Donald Trump.
01:18For more on that G7 meeting, we can head straight to Paris
01:21and bring in your news's France correspondent,
01:23Sophia Katzenkova, who's outside the Elysee Palace, for us this morning.
01:26Good morning, Sophia.
01:28Look, France is pushing here for a coordinated response
01:30to the energy shock caused by the war in the Middle East.
01:33But what exactly can President Macron do?
01:38Well, speaking after the talk with leaders of the G7,
01:42which France currently chairs,
01:44French President Emmanuel Macron confirmed that countries
01:47had agreed to release 400 million barrels
01:52from strategic oil reserves.
01:54The move is designed to calm market prices
01:57as the conflict threatens shipping through the Strait of Hormuz,
02:02one of the world's most critical oil routes,
02:05which handles about a fifth of global supply.
02:08Macron said that the release would be equivalent
02:11to roughly 20 days of oil normally transiting
02:15through the Strait of Hormuz.
02:17But the French leader also insisted
02:20that the current energy shock should not change policy
02:23towards Moscow, despite the pressure on global oil markets.
02:29Let's take a listen.
02:30The situation is in no way justifying lifting the existing sanctions against Russia,
02:38which should continue.
02:39The situation should obviously not reduce our attention to Ukraine,
02:43our support for Ukraine,
02:44and the clarity we have regarding sanctions against Russia.
02:51So these comments come as U.S. President Donald Trump suggested earlier this week
02:58that some oil sanctions could potentially be lifted
03:01to ease pressure on markets,
03:04though he did not specify whether that would apply to Russia.
03:08And that's why Macron kept insisting yesterday
03:11that the war in the Middle East must not overshadow what's happening in Ukraine,
03:17where Russia's full-scale invasion has entered its fifth year.
03:22The French president is due to host his Ukrainian counterpart,
03:25Volodymyr Zelensky, in Paris tomorrow,
03:28where the two leaders are expected to discuss ways to increase pressure on Russia.
03:35Back to you, Brussels.
03:35Indeed, and we'll likely come back to you tomorrow
03:37for an update on that very important meeting.
03:40Sophia Katsinkova, thank you so much for that live broadcast there from Paris.
03:44Now, back in Brussels, there is major concern over the potential shocks
03:48this war could have on the European economy,
03:50from high inflation to low growth.
03:52The EU Commission is mulling next steps.
03:54For more, very shortly, we'll be joined here
03:56by the European Commissioner for the Economy, Valdez Dombrowski.
03:59But first, let's bring in EU News' EU Editor, Maria Tadeo,
04:02for some more context.
04:03Maria, good morning.
04:04What is at stake here for the European economy?
04:06Good morning.
04:07So it's very much the scenario of stagflation that you allude to,
04:09one in which, obviously, growth is impacted,
04:12and then you see inflation pick up,
04:13mostly because of the energy story that is playing out around the Strait of Hormuz,
04:18but also the Gulf countries,
04:20where they're not just producers of oil,
04:22but they're also key in the transportation.
04:24Yesterday, we saw this emergency release of strategic reserves of oil
04:29to the tune of 400 million barrels.
04:31Obviously, the idea is that this is going to ease some of the price pressure,
04:35but, of course, as long as the war continues,
04:36there is a big question mark as to whether you can stabilize a market so volatile
04:41with such uncertainty playing out on the ground.
04:45And, Maeve, to that point, indeed,
04:46we are now joined by the Commissioner for the Economy, Valdez Dombrowski,
04:50who joins us here in the studio.
04:52Good morning.
04:53Good morning.
04:54Commissioner, just a very simple question.
04:56How bad is it going to get for Europe?
04:59Well, the economic impact of current crisis in the Middle East,
05:03to a large extent,
05:04will depend on how long the conflict will continue,
05:09how wide it will spread.
05:11So, in a sense,
05:13if we manage to achieve a quick escalation,
05:16the impact may be limited.
05:17If it gets protracted and correspondingly both with disruptions for oil shipping
05:24and oil and gas production,
05:27that, indeed, as you mentioned,
05:29can create a stagflationary shock for European economy,
05:33where, due to the elevated energy prices,
05:37it peaks in a broader inflation
05:39and also negatively affects growth
05:42through confidence effects,
05:43through disruptions in supply chains
05:46and through tighter financing conditions.
05:48So, then, what are you going to do as a Commission?
05:50Because we see the capital saying
05:52the European industry cannot deal with another energy shock.
05:55We need measures.
05:56And the Commission is going back to the Member States
05:57saying cut taxes on things like electricity.
06:00So, what's going to happen in the short term,
06:01in specific terms?
06:03Well, in the short term,
06:04as you already mentioned,
06:05it's a question of releasing the oil reserves,
06:09which we have,
06:09which can add substantial volumes to the market
06:12and which are meant exactly for situations like this,
06:15where we are facing disruptions.
06:18But the market did not take that as a positive.
06:21Oil prices still went up.
06:22Well, there we must see what are the reasons for this.
06:27First, we see that oil prices are very volatile.
06:30Second, Iran was hitting a major oil storage in Oman.
06:34It basically continues to target energy infrastructure
06:36in neighboring countries.
06:39So, this volatility is certainly linked with this.
06:43And those oil reserves volumes
06:46have not reached the market yet.
06:48And do you believe,
06:49and you've dealt with the U.S. administration many years now,
06:52do they have a plan?
06:53Because I'm confused.
06:54Is this a war or just an excursion?
06:56I listen to President Trump.
06:57I hear 20 different things a day.
06:59Well, I cannot tell this on behalf of U.S. administration.
07:05But what's your impression?
07:06Also, there were no prior consultations with the EU
07:09before taking those steps.
07:11But what's important right now
07:14is to work towards quick escalation of the conflict.
07:17And from the EU side,
07:19we are also engaged with the countries of the region
07:21aiming for that.
07:22And let's talk about Ukraine,
07:23because obviously you are very supportive of Ukraine.
07:25I think everyone knows this by now.
07:27There's a loan of 90 billion euros
07:29that is blocked by Hungary.
07:30There is no indication that the president
07:32or the prime minister of Hungary
07:33is going to botch.
07:35And at the time in December,
07:36we were told that
07:37if Ukraine didn't get the money by April,
07:39they would collapse.
07:39April is around the corner.
07:40So, what's going to happen?
07:41Well, first of all,
07:43in between,
07:43we have finalized legislative work
07:46on a number of things,
07:47of Ukraine support and regulation.
07:49We are also amendments to Ukraine facility.
07:53We are working with Ukrainian authorities.
07:55on all the documents
07:56which are necessary,
07:57like memorandum of understanding,
07:59financing, strategy, and so on.
08:01But the man is Orban,
08:02but it comes down to Orban.
08:03How do you deal with Orban?
08:03No, no, but,
08:04so basically the missing element
08:06is amendments
08:07to the multi-annual financial framework,
08:10which would allow the commission
08:12actually to go to the market and borrow.
08:15And this, indeed, we need by April.
08:17and we continue this strong engagement.
08:20There was commitment
08:21from all 27 member states
08:24to do those amendments
08:28to our multi-annual financial framework.
08:30But do you have to wait
08:31until the Hungarian election?
08:32Is this now, ultimately,
08:34the elephant in the room,
08:34whether he gets elected or not?
08:36Well, it has been said before
08:38that we will ensure the support
08:41one way or another.
08:42With or without Hungary?
08:43We expect, obviously,
08:45Hungary to honour its commitments,
08:47which also Prime Minister Orban
08:48took in December last year.
08:50And it's worth reminding
08:51that Hungary is not even paying
08:53for that support.
08:54OK, well, Commissioner,
08:55thank you very much, of course,
08:56for joining us on Euronews this morning.
08:58Thank you so much.
08:59Now, thank you so much as well,
09:01Maria, today for that.
09:01Now, moving on,
09:03as global instability continues,
09:06the Strait of Hormuz, of course,
09:07has become in the eye of the storm,
09:09but it's actually not the first time
09:11it's in the eye of the geopolitical storm.
09:13as R. Jakobianus reports.
09:16The narrow Strait of Hormuz,
09:18despite being a waterway,
09:19is starting to become
09:21a literal geopolitical landmine.
09:23A fifth of the world's oil flows here.
09:26For Washington,
09:27any disruption means
09:28higher petrol prices
09:29and food inflation.
09:31A nightmare for the upcoming midterms.
09:34And for Iran,
09:35the waterway is their ultimate leverage.
09:38Tehran has vowed not to allow
09:40even a single litre of oil
09:42reach its enemies.
09:43And in response,
09:44the U.S. says
09:45it has destroyed
09:4616 Iranian mine-laying vessels.
09:49But hey,
09:50we've been here already.
09:51So who's up for a history lesson?
09:54Mines are the poor man's weapon
09:56of naval warfare.
09:58They are dangerously cheap.
09:59And basic contact mines
10:01can cost as little
10:02as a few thousand dollars.
10:04Yet,
10:05they can disable
10:06a billion-dollar warship
10:07or a supertanker
10:08or a supertanker
10:09just in seconds.
10:10And during the 1980s
10:12Iran-Iraq war,
10:13specifically the tanker war,
10:15Iran filled the same waters
10:17with mines
10:18to hold Iraqi exports.
10:20And in 1988,
10:22after a U.S. frigate
10:23was nearly sunk
10:24by an Iranian mine,
10:27the Ronald Reagan administration
10:28responded firmly,
10:29launching Operation Praying Mantis.
10:32Historians say that
10:33in a single day,
10:35the U.S. Navy
10:35dealt a devastating blow
10:37to Iranians' operational fleet.
10:39The message was clear.
10:41Mess with the oil
10:42and you will lose your navy.
10:44Because of disruptions
10:46in the Straits,
10:47Iraq,
10:48which relies on oil
10:49for 90% of its revenue,
10:51is now desperately
10:52exploring alternative routes
10:54through Syria,
10:55Jordan and Turkey.
10:56And for Europe,
10:57this crisis proves
10:58that swapping Russian oil
11:00for Gulf crude
11:01meant simply trading
11:03one dependency
11:03for another.
11:05So maybe it would signal
11:06a revival
11:07of decentralized green energy.
11:09After all,
11:10if the climate argument
11:11becomes too polarizing,
11:13it could be now
11:14about military
11:15and energy sovereignty.
11:21Yeah, Kopianus reporting
11:22for us there.
11:23And as global instability
11:25continues to worsen,
11:26particularly in Iran
11:27and the rest of the Gulf,
11:28NATO has been carrying out
11:30military exercises
11:31in the high north
11:32and in Norway,
11:33known as cold response.
11:34It involves 14 NATO countries.
11:36And for more,
11:37Euronews correspondent
11:38Shona Marie joins us now
11:39from Norway.
11:40Well, good morning, Maeve.
11:41We're here in the Arctic
11:42covering NATO's
11:43cold response,
11:44military exercise,
11:45which is part of the
11:46Arctic Century
11:47military exercise,
11:48which was agreed
11:49amongst allies
11:50back in January
11:51to deal with
11:52the political chaos
11:53that ensued
11:54at NATO
11:54when Donald Trump
11:55said he wanted
11:56to take over Greenland.
11:57We're stationed
11:57at a Norwegian
11:58coastal corvette,
11:59which is the fastest
12:00military vessel
12:01in the world.
12:02And all around us,
12:03we have military
12:04personnel
12:05who are taking part
12:06in this exercise.
12:07There's around 25,000
12:08soldiers from the
12:09United States,
12:10from all across
12:11NATO alliance.
12:12But what we heard
12:13in the last few days
12:14is at least one squadron
12:15of U.S. Marine
12:17F-35s have been
12:18redirected from this
12:19exercise to the
12:20Middle East
12:21to deal with the
12:21conflict that is
12:22ongoing there.
12:23Now, NATO is not
12:24a party to that
12:25conflict,
12:25but in the last week,
12:27Turkey has had to
12:28intercept two ballistic
12:29missiles coming from
12:30Iran.
12:31and so there are
12:31concerns in NATO
12:33that NATO could get
12:34dragged into the
12:34situation.
12:35In response,
12:36NATO has delivered
12:37patriot defense systems
12:38to the southern part
12:39of Turkey
12:40and also has heightened
12:41its defense posture
12:43saying that they will
12:44defend the whole
12:45of the territory.
12:46But I caught up
12:46with a commander
12:47from the Norwegian
12:48Air Force
12:49and I asked him
12:50about NATO's
12:51readiness and
12:52capabilities both
12:53in the theater
12:54of the Arctic
12:54and in the Middle East.
12:56Well, we need
12:57to be prepared
12:58for war.
12:59So every day
13:00we are making
13:02sure that we are
13:02taking the right
13:04decision so this
13:05base will be
13:06prepared for war.
13:08And one thing
13:08is if the war
13:09comes, we will
13:10fight it.
13:11The other thing
13:12is if we are
13:13prepared enough,
13:14we want Putin
13:16to wake up
13:16in the morning
13:17and say that
13:18maybe NATO
13:19is too prepared
13:20for a war today.
13:21So we need
13:22to postpone that.
13:24We've seen
13:24in the past week
13:25ballistic missiles
13:26entering its
13:27Turkish airspace.
13:28I mean,
13:28how do you think
13:29that situation
13:30can escalate
13:31in relation
13:31to NATO?
13:32Well, I don't
13:33think I want
13:34to go into
13:34details about
13:36the world
13:36situation,
13:37but I can
13:38say that
13:38if Article 5
13:40is in effect,
13:42then Norway
13:43is also in war,
13:45even though
13:46the attack
13:47is somewhere
13:48else.
13:51Shona Murray
13:52reporting for us
13:53there.
13:53Now moving on
13:54in other news,
13:55Ukraine is
13:56seeking support
13:56from the European
13:57Union to get
13:58their money
13:58and valuables
13:59back from
14:00the Hungarian
14:00government.
14:01Last week,
14:02Prime Minister
14:02Viktor Orban
14:03seized cash
14:04and gold
14:04from a Ukrainian
14:05bank amid
14:06an ongoing
14:06tax authority
14:07investigation.
14:08Your news is
14:09Ukraine correspondent
14:10Sasha Vakalina
14:11is across this
14:11serious spat
14:12between Kyiv
14:13and Budapest
14:14and joins me
14:14now here on set.
14:16Sasha,
14:16so we understand
14:17the staff have
14:18been released,
14:18but what about
14:19the valuables?
14:19Indeed,
14:20the staff have
14:20been released
14:21after 28 hours
14:22being detained
14:23in Hungary
14:24and being
14:24interrogated
14:25in Hungary,
14:26but the valuables,
14:27the gold
14:28and the money
14:28and the shipment
14:29in total worth
14:30something like
14:3082 million dollars
14:32remains in Hungary
14:33and it's been
14:34exactly one week
14:35since now.
14:36This shipment
14:36was going from
14:37Austria to Ukraine
14:38by Hungary
14:39by road.
14:40The reason it
14:41was going by road
14:41is because of course
14:42the airspace in Ukraine
14:43remains closed
14:44for over four years
14:45since Russia's
14:46full-scale invasion
14:46of Ukraine
14:47and Ukraine's
14:48state-owned
14:49Oshad Bank
14:50and also the
14:51National Bank
14:52of Ukraine
14:52are now trying
14:53to bring back
14:54that shipment
14:54of the cash
14:55and the gold
14:56back to Ukraine,
14:58Maeve.
14:58Okay,
14:58Sasha,
14:59thank you so much
15:00for that
15:00and actually
15:00for the view
15:01from Ukraine
15:02we can now
15:02cross over to Kyiv
15:03and speak to
15:04Sergei Nikolakchuk,
15:05first Deputy Governor
15:06from the National Bank
15:08of Ukraine.
15:09Good morning,
15:09Sergei,
15:09thank you so much
15:10for joining us
15:11here on Europe Today
15:11on Euronews.
15:13So we understand
15:14the Commission
15:14has received
15:15your official letter.
15:16Have you gotten
15:17a response yet?
15:24for European partners
15:26to ensure
15:27that this incident
15:28does not remain
15:29without an appropriate
15:30response.
15:31Our requests
15:33will address
15:34to the EU
15:35High Representative
15:36for Foreign Affairs
15:38and Security Policy,
15:40the leadership
15:41of European Commission
15:42Directorate General
15:44for FISMA,
15:45European Central Bank,
15:47Austrian National Bank
15:48and at this stage
15:50we are still
15:51awaiting
15:51former replies
15:54from our counterparts.
15:56And what kind
15:57of support
15:57does Kyiv want
15:58and expect
15:59from Brussels here?
16:02Well,
16:02we expect
16:03an impartial
16:05and transparent
16:06review
16:07of this case
16:08with clear conclusions
16:10that would demonstrate
16:11in practice
16:12that European Union's
16:15commitment
16:16to the rule of law.
16:17It is important
16:18that the European Commission
16:20and other relevant
16:22EU institutions
16:23have full access
16:24to all necessary
16:25information
16:26and documentation
16:27in order to provide
16:28their own
16:29independent assessment
16:30of the actions
16:31taken by the Hungarian side.
16:34From our side
16:36we are standing ready
16:36to provide
16:37any information
16:38required
16:39to cooperate
16:40fully
16:40with the European partners.
16:42And tell us
16:43about the direct contact
16:44between Kyiv
16:45and Budapest.
16:46How is that going here?
16:49Communication
16:49with the Hungarian side
16:51is being handled
16:53by our Ministry
16:54of Foreign Affairs
16:55which is leading
16:56the efforts
16:57to resolve
16:58the situation
16:59through diplomatic channels.
17:01Also,
17:02Oshad Bank
17:03together with
17:03its legal advisors
17:05is working
17:06to clarify
17:07all circumstances
17:08of the case
17:10and remains
17:10in contact
17:11with the Hungarian
17:12authorities
17:13with the aim
17:14of resolving
17:14the issue
17:15of the cargo
17:16and as well
17:17as ensuring
17:17the protection
17:18of the rights
17:19and interests
17:20of the financial
17:21institutions
17:22and its employees.
17:24from the NBU
17:25side
17:25from the NBU
17:27we facilitate
17:29all these efforts.
17:30And just on that
17:31point of clarification
17:32how routine
17:33is this kind
17:33of cash
17:34and property
17:34transport
17:35through other
17:35countries?
17:37Well,
17:38that is
17:38the regular
17:39and common
17:41practice
17:41to transport
17:42cash
17:44from Austrian
17:47to Ukraine
17:49by Oshad Bank
17:51and many
17:52other countries.
17:53Actually,
17:54yes,
17:55so we reviewed
17:56and maybe
17:57we may confirm
17:58that the cargo
17:59has been
18:00properly documented.
18:02We see
18:03no irregularities
18:05in the practice
18:05of international
18:06transportation
18:07of cash
18:08between banks
18:08and actually
18:11it is also
18:12important to note
18:13that
18:13which is
18:16one of the
18:16main suppliers
18:17of a fixed
18:18cash
18:18to Ukrainian
18:19banks
18:20confirmed
18:20in its statement
18:21that it had
18:22provided the
18:23relevant authorities
18:24with all
18:25required documentation
18:26related to
18:27these cash
18:28management
18:28operations.
18:29So how would
18:30you describe
18:31the whole case?
18:31Do you consider
18:32it a conviscation?
18:34Well,
18:35from our point
18:36of view
18:36the actions
18:37taken by
18:38the Hungarian
18:38authorities
18:39raise serious
18:40concerns
18:40and suggest
18:41that this case
18:42goes beyond
18:43purely procedural
18:44or security
18:46related issues
18:47from the very
18:48beginning
18:48the sequence
18:49of events
18:50has indicated
18:50that the
18:51situation
18:51has a political
18:52dimension
18:53rather than
18:54being a
18:54standard
18:55legal
18:56or
18:56regulatory
18:57matter.
18:59The facts
18:59speak
19:00for
19:01themselves.
19:03Okay,
19:03Sergei Nikolaj
19:04Tuch,
19:04thank you so
19:05much for
19:05joining us
19:06here this
19:06morning on
19:07Europe Today
19:07on Euronews.
19:08For more,
19:08of course,
19:09on that story
19:10and on that
19:10ongoing
19:11investigation,
19:11do take a
19:12look at
19:12Sasha Bakalina's
19:13reporting and
19:14of course,
19:14Chandras Eros,
19:15our Hungarian
19:15reporter,
19:16his reporting
19:16as well on
19:17Euronews.com.
19:18But that does
19:19bring this
19:19edition of
19:20Europe Today
19:21to an end.
19:21Thank you so
19:22much for your
19:22company,
19:23as always.
19:23We'll be back
19:24of course tomorrow
19:25Friday, bright and
19:26early here on
19:26Euronews with
19:27the fresh edition
19:27of Europe Today.
19:28Don't miss us.
20:00Euronews with
20:01me.
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