Reappearing here. I am a new new jersey girl. There has been a new executive order signed by Governor Phil Murphy about wearing masks. At us check on the markets. On the back of some of those concerning headlines regarding deaths in florida and texas because of the covid crisis. The Dow Jones Industrial coming off by one playboy percent. And some risk aversion in europe. Tensions between the u. S. And china. The u. S. Dollar continues to show some strength. Keep an eye on that market and Pay Attention to the dollar and what happens with the hong kong dollar and the chinese yuan. A lot of risk sentiment is being reflected in those assets and it could be a key on how u. S. Markets trade on friday. Concerns about the supply side. Field in libyan production. Sinking below 40 a barrel. Let us get to that exclusive interview. Take it away, david westin. To our Bloomberg Radio and tv audience, worldwide, im david westin and we are joined by the governor of new jersey. Thank you for being back
More expensive and uncompetitive products construction of north stream to began last year as of november 29th seen more than 80 percent of the pipeline was built its launch a shuttle for 2020 the 2 lines of north stream and north stream 2 from russia to germany are currently bin laden and the baltic sea total capacity is expected to be 55000000000 cubic meters of gas play yet some of europes Biggest Energy firms are involved in construction of north stream to the pipeline it will pass through territorial waters and Economic Zones of the Russian Federation Finland Sweden denmark and germany according to the russian side the north stream 2 construction project complies with International Law and there is no legal basis for it suspension therefore it argues opponents of the project are using illegal tools that threaten the Global Economy moscow has repeatedly stated that north stream to is an absolutely commercial and competitive project germany has also repeated lists. That no stream to
To influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That the lane is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not buying their gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american liquefied natural gas is obtained through fracking which makes its unacceptable for germany secondly it is much more expensive than rushing gas the natural gas we get from russia is high in demand and due to falling production in europe demand has only increased so we plan to import more of it this is why north stream 2 is so important because russia of north stream 2 will be completed even if u. S. Sanctions are imposed on project participants that was announced by kremlin spokesperson to me trip is called he noted that the u. S. Actions violate
Than to stand that the sanctions will not be able to stop north streams construction as its already near completion germany is already preparing to tell a true measures top officials slammed the bill. Congress has indeed decided to impose sanctions we are against extraterritorial sanctions not only those adopted yesterday but we also have the same problem with the sanctions against iran there is no other option left for us but to hold very decisive talks to show that we are not accepting these sanctions we believe that is unacceptable as it is an attempt to influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That berlin is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not by ny gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american
As an attempt to counter the countrys Energy Project and promote americas own economic interests are. Reports from moscow. On tuesday the u. S. Senate approved the National Defense authorization act for next year its a record 768000000000. 00 military budgets more than 700000000. 00 has been allocated to contain russia among other things its obliges the administration to impose sanctions on russia. Gas pipelines and approves military aid to ukraine the white house opposes the construction of north stream to believing that the protractor will give russia leverage over the Foreign Policy of European Countries plus it promotes its liquefied natural gas and the pipeline is completed. Would make europe even more dependent on Russian Energy would generate billions of dollars for putin billions of dollars that would fund the Russian Military aggression but even in the us then to stand that the sanctions will not be able to stop north streams construction as its already near completion germany