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Europe Today: EU-Kommissar Dombrovskis zu Iran-Krieg und Ukraine
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00:26Untertitelung des ZDF, 2020
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
00:48launched 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
00:59could 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' France correspondent,
01:23Sophia Katzenkova, who's outside the Elyse Palace for us this morning.
01:27Good 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?
01:37Well, speaking after the talk with leaders of the G7,
01:42which France currently chairs,
01:44French President Emmanuel Macron confirmed that countries
01:48had 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 a global supply.
02:09Macron said that the release would be equivalent
02:11to roughly 20 days of oil normally transiting
02:15through the Strait of Hormuz.
02:18But the French leader also insisted that the current energy shock
02:22should not change policy towards Moscow,
02:25despite the pressure on global oil markets.
02:29Let's take a listen.
02:30The situation is in no way justifying
02:35lifting the existing sanctions against Russia,
02:38which should continue.
02:39This 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 US 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 that the war in the Middle East
03:13must 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.
03:34Back to you, Brussels.
03:36Indeed, and we'll likely come back to you tomorrow
03:38for an update on that very important meeting.
03:40Sofia Katsenkova, 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,
03:58Valdez Dombrowski.
03:59But first, let's bring in Euro News' EU editor,
04:02Maria Tadeo, for 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,
04:10one 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
04:17around 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
04:27of strategic reserves of oil to the tune of 400 million barrels.
04:31Obviously, the idea is that this is going to ease
04:33some of the price pressure,
04:35but, of course, as long as the war continues,
04:36there is a big question mark
04:38as to whether you can stabilize a market so volatile
04:42with 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,
04:49Valdez Dombrowski, who 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 Middle East,
05:04to 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
05:23for oil shipping and 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.
05:49So, 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
05:58saying 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,
06:10which 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.
06:38So, this volatility is certainly linked with this.
06:43And those oil reserves volumes have 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.
06:58Well, I cannot tell this on behalf of the U.S. administration.
07:05But what's your impression?
07:06Also, there were no prior consultations with the EU before taking those steps.
07:11But what's important right now is to work towards quick de-escalation of the conflict.
07:17And from the EU side, we are also engaged with the countries of the region aiming for that.
07:22And let's talk about Ukraine, because obviously you are very supportive of Ukraine.
07:25I think everyone knows this.
07:26By now, there's a loan of 90 billion euros that is blocked by Hungary.
07:30There is no indication that the president or the prime minister of Hungary is going to botch.
07:35And at the time in December, we were told that if 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, in between, we have finalized legislative work on a number of things,
07:47of Ukraine's report on regulation.
07:50We are also amendments to Ukraine facility.
07:53We are working with Ukrainian authorities on all the documents which are necessary,
07:57like memorandum of understanding, financing, strategy.
08:01The man is Orban, but it comes down to Iran.
08:03How do you deal with Orban?
08:03No, no, but basically the missing element is amendments to the multi-annual financial framework,
08:10which would allow the commission actually to go to the market and borrow.
08:15And this, indeed, we need by April, and we continue this strong engagement.
08:21There was commitment from all 27 member states to do those amendments to our multi-annual financial framework.
08:30But do you have to wait until the Hungarian election?
08:32Is this now ultimately the elephant in the room, whether he gets elected or not?
08:36Well, it has been said before that we will ensure the support one way or another.
08:42With or without Hungary?
08:43We expect, obviously, Hungary to honor its commitments,
08:47which also Prime Minister Orban took in December last year.
08:50And it's worth reminding that Hungary is not even paying for that support.
08:53Okay, well, Commissioner, thank you very much, of course, for joining us on Euronews this morning.
08:58Thank you so much.
08:59Now, thank you so much as well, Maria, for that.
09:02Now, moving on.
09:03As global instability continues, the Strait of Hormuz, of course, has become in the eye of the storm.
09:09But it's actually not the first time it's in the eye of the geopolitical storm, as Ari Jakobianus reports.
09:16The narrow Strait of Hormuz, despite being a waterway, is starting to become a literal geopolitical landmine.
09:23A fifth of the world's oil flows here.
09:26For Washington, any disruption means higher petrol prices and food inflation.
09:31A nightmare for the upcoming midterms.
09:34And for Iran, the waterway is their ultimate leverage.
09:37Tehran has vowed not to allow even a single liter of oil reach its enemies.
09:43And in response, the U.S. says it has destroyed 16 Iranian mine-laying vessels.
09:49But hey, we've been here already.
09:52So who's up for a history lesson?
09:54Mines are the poor man's weapon of naval warfare.
09:58They are dangerously cheap.
09:59And basic contact mines can cost as little as a few thousand dollars.
10:04Yet, they can disable a billion-dollar warship or a supertanker just in seconds.
10:10And during the 1980s Iran-Iraq war, specifically the tanker war,
10:15Iran filled the same waters with mines to hold Iraqi exports.
10:21And in 1988, after a U.S. frigate was nearly sunk by an Iranian mine,
10:27the Ronald Reagan administration responded firmly, launching Operation Praying Mantis.
10:32Historians say that in a single day, the U.S. Navy dealt a devastating blow to Iranians' operational fleet.
10:39The message was clear.
10:41Mess with the oil, and you will lose your navy.
10:45Because of disruptions in the straits,
10:47Iraq, which relies on oil for 90% of its revenue,
10:51is now desperately exploring alternative routes through Syria, Jordan and Turkey.
10:56And for Europe, this crisis proves that swapping Russian oil for Gulf crude
11:01meant simply trading one dependency for another.
11:05So maybe it would signal a revival of decentralized green energy.
11:09After all, if the climate argument becomes too polarizing,
11:13it could be now about military and energy sovereignty.
11:21Jakob Janis reporting for us there.
11:24And as global instability continues to worsen,
11:26particularly in Iran and the rest of the Gulf,
11:28NATO has been carrying out military exercises in the High North and in Norway,
11:33known as Cold Response.
11:34It involves 14 NATO countries.
11:36And for more, Euronews correspondent Shona Murray joins us now from Norway.
11:40Well, good morning, Maeve.
11:41We're here in the Arctic covering NATO's Cold Response military exercise,
11:45which is part of the Arctic Century military exercise,
11:48which was agreed amongst allies back in January
11:51to deal with the political chaos that ensued at NATO
11:55when Donald Trump said he wanted to take over Greenland.
11:57We're stationed at a Norwegian coastal corvette,
11:59which is the fastest military vessel in the world.
12:02And all around us, we have military personnel
12:05who are taking part in this exercise.
12:07There's around 25,000 soldiers from the United States,
12:10from all across NATO alliance.
12:12But what we heard in the last few days is at least one squadron
12:15of U.S. Marine F-35s have been redirected from this exercise
12:19to the Middle East to deal with the conflict that is ongoing there.
12:23Now, NATO is not a party to that conflict.
12:25But in the last week,
12:27Turkey has had to intercept two ballistic missiles coming from Iran.
12:31So there are concerns in NATO
12:33that NATO could get dragged into the situation.
12:35In response, NATO has delivered Patriot defense systems
12:39to the southern part of Turkey
12:40and also has heightened its defense posture,
12:43saying that they will defend the whole of the territory.
12:46But I caught up with a commander from the Norwegian Air Force
12:49and I asked him about NATO's readiness and capabilities,
12:53both in the theater of the Arctic and in the Middle East.
12:56Well, we need to be prepared for war.
12:59So every day we are making sure that we are taking the right decisions
13:05so this base will be prepared for war.
13:08And one thing is if the war comes, we will fight it.
13:11The other thing is if we are prepared enough,
13:14we want Putin to wake up in the morning
13:17and say that maybe NATO is too prepared for a war today.
13:21So we need to postpone that.
13:24We've seen in the past week ballistic missiles entering its Turkish airspace.
13:28I mean, how do you think that situation can escalate in relation to NATO?
13:32Well, I don't think I want to go into details about the world situation,
13:37but I can say that if Article 5 is in effect,
13:42then Norway is also in war,
13:45even though the attack is somewhere else.
13:51Shona Murray reporting for us there.
13:53Now moving on in other news,
13:55Ukraine is seeking support from the European Union
13:57to get their money and valuables back from the Hungarian government.
14:01Last week, Prime Minister Viktor Orban seized cash and gold
14:04from a Ukrainian bank amid an ongoing tax authority investigation.
14:08Your news with Ukraine correspondent Sasha Vakalina
14:11is across this serious spat between Kiev and Budapest
14:14and joins me now here on set.
14:16Sasha, so we understand the staff have been released,
14:18but what about the valuables?
14:20Indeed, the staff have been released after 28 hours
14:22being detained in Hungary and being interrogated in Hungary.
14:26But the valuables, the gold and the money in the shipment in total
14:29worth something like $82 million remains in Hungary.
14:33And it's been exactly one week since now.
14:36This shipment was going from Austria to Ukraine by Hungary by road.
14:40The reason it was going by road is because, of course,
14:42the airspace in Ukraine remains closed for over four years
14:45since Russia's full-scale invasion of Ukraine.
14:47And Ukraine's state-owned Oshchad Bank and also the National Bank of Ukraine
14:52are now trying to bring back that shipment of the cash and the gold
14:56back to Ukraine, Maeve.
14:58Okay, Sasha Vakalina, thank you so much for that.
15:00And actually, for the view from Ukraine, we can now cross over to Kiev
15:03and speak to Sergei Nikolakchuk,
15:05first Deputy Governor from the National Bank of Ukraine.
15:09Good morning, Sergei.
15:10Thank you so much for joining us here on Europe Today on Euronews.
15:13So we understand the Commission has received your official letter.
15:17Have you gotten a response yet?
15:25For European partners to ensure that this incident does not remain
15:29without an appropriate response.
15:31Our requests will address to the EU High Representative for Foreign Affairs
15:38and Security Policy, the leadership of European Commission,
15:43Directorate General for FISMA, European Central Bank, Austrian National Bank.
15:48And at this stage, we are still awaiting former replies from our counterparts.
15:56And what kind of support does Kiev want and expect from Brussels here?
16:02Well, we expect an impartial and transparent review of this case
16:09with clear conclusions that would demonstrate in practice
16:12that European Union's commitment to the rule of law.
16:17It is important that the European Commission and other relevant EU institutions
16:23have full access to all necessary information and documentation
16:27in order to provide their own independent assessment
16:30of the actions taken by the Hungarian side.
16:34From our side, we are standing ready to provide any information
16:38required to cooperate fully with the European partners.
16:42And tell us about the direct contact between Kiev and Budapest.
16:46How is that going here?
16:48The communication with the Hungarian side is being handled
16:53by our Ministry of Foreign Affairs, which is leading the efforts
16:57to resolve the situation through diplomatic channels.
17:01Also, Oshad Bank, together with its legal advisors,
17:05is working to clarify all circumstances of the case
17:10and remains in contact with the Hungarian authorities
17:13with the aim of resolving the issue of the cargo
17:16and as well as ensuring the protection of the rights
17:19that is the interest of the financial institutions and its employees.
17:24From the NBU side, from the NBU, we facilitate all these efforts.
17:30And just on that point of clarification,
17:32how routine is this kind of cash and property transport
17:35through other countries?
17:36Well, that is the regular and common practice
17:41to transport cash from Austrian Bank to Ukraine
17:49by Oshad Bank and many other countries.
17:53Actually, yes.
17:55So we reviewed and we may confirm
17:58that the cargo has been properly documented.
18:02We see no irregularities in the practice
18:05of international transportation of cash between banks.
18:09And actually, it is also important to note
18:13that Reifisen Bank International,
18:15which is one of the main suppliers of a fixed cash
18:18to Ukrainian banks, confirmed in its statement
18:21that it had provided the relevant authorities
18:24with all required documentation
18:26related to these cash management operations.
18:29So how would you describe the whole case?
18:32Do you consider it a confiscation?
18:35Well, from our point of view,
18:37the actions taken by the Hungarian authorities
18:39raise serious concerns and suggest
18:41that this case goes beyond purely procedural
18:44or security-related issues.
18:47From the very beginning, the sequence of events
18:50has indicated that the situation has a political dimension
18:53rather than being a standard legal or regulatory matter.
18:58that the facts speak for themselves.
19:03Okay, Sergei Nikolai-Tuch,
19:04thank you so much for joining us here this morning
19:06on Europe Today on Euronews.
19:08For more, of course, on that story
19:10and on that ongoing investigation,
19:12do take a look at Sascha Vakalina's reporting
19:13and, of course, Chandra Diros, our Hungarian reporter,
19:16his reporting as well on Euronews.com.
19:18What that does bring this edition of Europe Today to an end.
19:21Thank you so much for your company, as always.
19:23We'll be back, of course, tomorrow, Friday,
19:25bright and early here on Euronews
19:27with the fresh edition of Europe Today.
19:29Don't miss it.
19:30Euronews.
19:31Thank you so much for joining us.
19:31Thank you.
19:36Thank you.
20:01Untertitelung des ZDF, 2020
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