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Added on the 01/04/2022 11:24:02 - Copyright : France 24 EN
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
Energy Minister Saad al-Kaabi, who is also the chief executive of QatarEnergy signs a deal with Shun-Chin Lee, Chairman of the CPC Corporation Taiwan for Qatar to supply the Taiwan-headquartered CPC with natural gas for 27 years. Qatar will supply four million tonnes of gas a year under the deal, QatarEnergy said in a statement, without disclosing the cost of the agreement. IMAGES
Josep Borrell, the EU foreign policy chief, holds a speech in Bruges to inaugurate the European Diplomatic Academy. "Europe is a garden," he says, praising the "combination of political freedom, economic prosperity and social cohesion". He urges European leaders, whom he compares to "gardeners", to help prevent the invasion of the "jungle". SOUNDBITE
Speaking at a press conference alongside the EU's High Representative for Foreign Affairs, Josep Borrell, European Commission President, Ursula von der Leyen, reveals a new round of sanctions against Moscow over its latest "escalation" in Ukraine. The new sanctions include a cap on the price of Russian oil and a ban on exports from the country worth seven billion euros ($7 billion). The announcement comes as the Kremlin-installed leaders of Russian-held regions in Ukraine have been claiming victory in what Von der Leyen describes as "sham" referendums on joining the Russian Federation. SOUNDBITE
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
Algeria has helped Europe diversify its energy supplies by pumping more gas to Italy, French President Emmanuel Macron says during a visit to Africa's top gas exporter. Dismissing suggestions that Italy and France were "in competition" for Algerian gas, Macron welcoms a deal Algeria signed last month to pump more gas to Italy. The deal is "good for Italy, it's good for Europe and it improves the diversification of Europe," he tells reporters. SOUNDBITE TO COMPLETE VIDI32H44WP_EN & VIDI32H46TY_EN