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Added on the 25/03/2022 11:11:47 - Copyright : France 24 EN
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
President of the European Commission Ursula von der Leyen warns that "Russia is blackmailing" EU member states and "using energy as a weapon." Russian President Vladimir Putin has played hot and cold in recent days with his threats to cut off gas deliveries to the bloc of 27 members, but Brussels is asking EU countries to prepare for the worst. SOUNDBITE
The European Commission urges EU countries to reduce their demand for natural gas by 15 percent over the coming winter months to overcome Russia's energy supply "blackmail". SOUNDBITE
At a bilateral meeting with NATO Secretary General Jens Stoltenberg, United States President Joe Biden announces that the US is to enhance its "force posture" in Europe, consisting of US military air, sea, land reinforcements on the continent in response to Russia's invasion of Ukraine. SOUNDBITE
In Luxembourg, German Finance Minister Christian Lindner says it is not yet possible for the EU to cut Russian gas imports as a sanction against Moscow's invasion of Ukraine. SOUNDBITE
This devastating drone footage shows the shocking aftermath of a gas explosion in Russia's Volgograd which completely gutted out the entire middle section of an apartment building, as if it had been split in two. At least two people died in the blast, which caused the whole central block to collapse. It is unknown just how many people were in their homes and minding their own business when the blast occurred, authorities have not given out information regarding the amount of people still trapped beneath the rubble of what used to be home sweet home. According to Andrei Bocharov, the Governor of the Volgograd Region, the gas explosion in the four-story residential building occured as a result of a damaged pipeline, which reportedly occurred when construction workers tried to access the pipe without complying with safety standards. The rescue operation is ongoing.
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