Transcripts for BBCNEWS BBC News 20220308 20:30:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
elimination during the course we will see elimination during the course we will see during elimination during the course we will see during the elimination during the course we will see during the course elimination during the course we will see during the course of- elimination during the course we will see during the course of 2022. i russian imports make up 8% of uk demand not as much as the reliance of continental europe. what the eu has said today is that it plans to cut its dependency on russian gas by two thirds this year. this is how much the continent relies on russian oil and gas. it gets 30% of its oil supplies from russia, 39% of its gas from there, too. now, it says the plan is to reduce dependency by expanding solar and wind and diversifying its gas supplies. it s also told households to turn their thermostats down by1 degree celsius. the plan is for europe to be completely free of russian fossil fuels by 2030. here s our brussels correspondent
a litre of petrol at uk forecourts rose to 153p on monday that s $2 with diesel prices almost 159p. 0ur north america business reporter, samira hussain, says although the us only gets a small percentage of oil from russia, the impact will be felt. what it does do is show that the united states is willing to take these kinds of harsh moves to try and reducejust these kinds of harsh moves to try and reduce just how much support it gives to the russian economy. but remember, president biden was very clear in his remarks that the american people are certainly going to feel the impact. already, we have seen that gas prices here in the united states have hit record highs, and this of course is set by the global markets. the impact of less customers taking in oil from a
the impact of less customers taking in oil from a country that is a big provider on the world stage, it does have ripple effects right around the world including here in the us. find world including here in the us. and also then in world including here in the us. and also then in terms of potential benefits for the us economy, resembling the gaps left by russian imports could potentially in the long term be fielded by american businesses. it long-term be fielded by american businesses businesses. it can be but recall there are businesses. it can be but recall there are some businesses. it can be but recall there are some bands - businesses. it can be but recall there are some bands on - businesses. it can be but recall there are some bands on the l businesses. it can be but recall- there are some bands on the domestic production of oil here in the us. and so, what we are seeing actually is of the us has been going to other countries to try and find other sources of oil to try a
the wheat. you can t get it from this major the wheat. you can t get it from this major powerhouse, where can you -o? this major powerhouse, where can you go? brazit this major powerhouse, where can you go? braziland this major powerhouse, where can you go? brazil and argentina are suffering from drought. the us and canada suffering from drought. the us and canada has. we re in a situation where canada has. we re in a situation where it s canada has. we re in a situation where it s very difficult to replace any exports from russia.- where it s very difficult to replace any exports from russia. that s the im act on any exports from russia. that s the impact on wheat any exports from russia. that s the impact on wheat exports, any exports from russia. that s the l impact on wheat exports, potentially corn and sunflower oil as well. talk about the gas and oil situation and how that can impact countries in the middle east and africa. how that can impact countries in the middle