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For bills and businesses with winter coming down the pipeline. well, one company right at the heart of the issue is fortum. it s one of the biggest power suppliers across the nordics, and it operates on the doorstep of both russia and western europe and, as so happens, its energy is green. markus rauramo, a real pleasure having you on the show. and markus, let s start with this, because before the war, you had operations in russia that were valued at around $2 billion then russia invaded ukraine. markus, what happened to your operations in russia after that invasion? immediately when russia started its attack, war in ukraine, we took the decision that we will not finance our russian operations any more, we will not take any new investment decisions. quite soon after that, we came to the conclusion that we have no other alternative than to exit russia. so we started a divestment process which is still going on. a couple of months back, actually, russia took over administrative con ....
it s your right to demand a speedy trial. it s always i was going to say a little bit calling the prosecutor s bluff here saying, okay, you ready? there s a mechanism for that to get their date. we ll see how that turns out. jessica and markus, thank you both very much. thank you. i want to now bring in former trump national security adviser and former u.s. ambassador, john bolton. thank you for being here tonight. mark meadows is now claiming that all of these actions that he took after the election, calling folks in georgia, et cetera, were all part of his official job. i wonder, do you think he is o overreaching here or does he have a chance in actually succeeding in making that argument and moving this case over to federal court? well, i think his argument is incorrect because the president, from whom meadows authority derives, doesn t have any ....
Ok, so, so far in the programme, we ve been looking at how europe has dealt with the energy shock following russia s invasion of ukraine, and what that means for bills and businesses with winter coming down the pipeline. well, one company right at the heart of the issue is fortum. it s one of the biggest power suppliers across the nordics, and it operates on the doorstep of both russia and western europe and, as so happens, its energy is green. markus rauramo, a real pleasure having you on the show. and markus, let s start with this, because before the war, you had operations in russia that were valued at around $2 billion then russia invaded ukraine. markus, what happened to your operations in russia after that invasion? immediately when russia started its attack, war in ukraine, we took the decision that we will not finance our russian operations any more, we will not take any new investment decisions. quite soon after that, we came to the conclusion that we have no other alterna ....
Thank you for having me. ok, so, so far in the program, we ve been looking at how europe has dealt with the energy shock following russia s invasion of ukraine, and what that means for bills and businesses with winter coming down the pipeline. well, one company right at the heart of the issue is fortum. it s one of the biggest power supplies across the nordics, and it operates on the doorstep of both russia and western europe and, as so happens, its energy is green. markus rauramo, a real pleasure having you on the show. and markus, let s start with this, because before the war, you had operations in russia that were valued at around $2 billion then russia invaded ukraine. markus, what happened to your operations in russia after that invasion? immediately when russia started its attack war in ukraine, we took the decision that we will not finance our russian operations any more, we will not take any new investment decisions. quite soon after that, we came to the conclusion that we ....
But i would say that the markets are very fragile so we can see that with a little bit of news from somewhere in the world for lng supplies or the likes, the market will react very quickly, prices can jump very quickly up. and we have seen that recently in the nordics, as well. a little bit of disruption in transmission line availability, nuclear availability, and so on. prices canjump up massively, from close to zero, up to several hundred euros per megawatt hour. and markus, let me end on this has europe done enough to keep the lights on this winter? europe has certainly done a lot. so, ithink, looking back, i m a little bit positively surprised that europe was able to do as much as it did then to convert from partly being reliant on supplies from the east, to actually imported lng. and if you look at the gas storage levels in europe now, actually, they are already over 90%. so, from the gas supply point of view, things look quite robust ....