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Added on the 05/04/2022 22:33:40 - Copyright : Euronews 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
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
British Prime Minister Rishi Sunak says the UK has sanctioned officials running the Arctic penal colony where Russian opposition figure and critic of President Vladmir Putin Alexei Navalny died, saying Britian and its allies were considering "all options to hold Russia and Putin to account". "He died for a cause to which he dedicated his whole life - freedom - and to return home knowing that Putin had already tried to have him killed is one of the most courageous acts of our time," he tells members of parliament. SOUNDBITE
Extraordinary meeting of EU Ministers of energy in Brussels. They meet in the context of Russian gas supply issue amid the country's conflict with Ukraine. IMAGES
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