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Added on the 02/09/2022 17:54:09 - Copyright : AFP EN
German Finance Minister Christian Lindner urges the European Union to "avoid a subsidy race we cannot avoid," warning that the bloc cannot simply follow United States economic policy moves. Speaking in Davos on the last day of the World Economic Forum, Lindner says the EU's "competitive disadvantage" to the US isn't subsidies, but its "private capitals market." SOUNDBITE
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
German Justice Minister Marco Buschmann qualifies Russian strikes on Ukraine's energy supplies as "war crimes," after a meeting between G7 justice ministers concerning war crimes in Ukraine. "People are left in their homes, in a winter that could possibly reach -30 degrees; then this is a terrible war crime. Winter is used as a weapon," he states. SOUNDBITE
The European Commission President, Ursula von der Leyen, sets out new sanctions to be imposed on Russia, including a cap on the price of Russian oil and new restrictions on the import of goods to the country worth 7 billion euros. SOUNDBITE
Germany's finance minister, Christian Lindner, plays down concerns about the increasing spread in borrowing costs between eurozone governments. 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