Latest / The Front / Headlines: Putin feels the heat on crude oil
Transcript
- 0:01Speaker 1: Today's biggest news from The Australian. I'm Claire Harvey with
- 0:04Speaker 1: the Front's afternoon headlines. Donald Trump is tightening the screws
- 0:09Speaker 1: on Russia, and some of Vladimir Putin's allies are moving too.
- 0:13Speaker 1: Trump laid into Putin earlier this week, venting his frustration
- 0:17Speaker 1: that the war in Ukraine is still raging, and imposing
- 0:20Speaker 1: fresh sanctions on Russia's giant oil producers Rosneft and look Oil. Now,
- 0:26Speaker 1: both Chinese and Indian oil refineries Moscow's biggest customers have
- 0:31Speaker 1: revealed dramatic cuts in imports of crude oil from Russia
- 0:35Speaker 1: in a bid to comply with the sanctions. That will
- 0:39Speaker 1: have a direct effect on Vladimir Putin's treasury, and it'll
- 0:43Speaker 1: mean prices go up around the world as refineries look
- 0:47Speaker 1: for new sources of crude oil. Already, oil prices are
- 0:51Speaker 1: up and it's likely to flow through to petrol bowsers
- 0:54Speaker 1: if the trend continues. President Putin basically said today that
- 0:59Speaker 1: Russia is a muse from US sanctions. He said that
- 1:01Speaker 1: it would not impact the Russian economy in any serious way.
- 1:05Speaker 1: Is here. I'm I'm glad he feels that way. That's
- 1:07Speaker 1: good I'll let you know about it in six months
- 1:10Speaker 1: from Okay, let's see. Let's see how it all works out.
- 1:14Speaker 1: Trump's trying to get Vladimir Putin back to the negotiations
- 1:17Speaker 1: that have fallen flat since that much heralded peace summit
- 1:21Speaker 1: in Alaska. At the same time, UK Prime Minister Sakis
- 1:25Speaker 1: Starma is trying to find new sources of revenue for
- 1:29Speaker 1: Ukrainian President Voladomi Zelenski. Starmer's idea is that European countries
- 1:34Speaker 1: could unlock hundreds of billions in frozen Russian assets, which
- 1:39Speaker 1: could be liquidated into cash and funneled to Ukraine to
- 1:43Speaker 1: pay for more weapons. True Conservatives should embrace climate action,
- 1:49Speaker 1: says Climate change and Energy Minister Chris Bowen, and he
- 1:52Speaker 1: says Margaret Thatcher would agree with him. In a speech
- 1:56Speaker 1: to the Conservative Center for Independent Studies, Bowen, who's driving
- 2:00Speaker 1: the government's net zero agenda, says coal is now an
- 2:04Speaker 1: unreliable source of energy because the power stations are old
- 2:08Speaker 1: and poorly maintained. Bowen cited Thatcher's history of raising awareness
- 2:13Speaker 1: of pollution, including acid rain and global warming in the
- 2:17Speaker 1: nineteen eighties when she was trying to fend off a
- 2:20Speaker 1: rise in popularity for the UK Greens Party. Bowen said
- 2:24Speaker 1: true conservatives believe in careful, evidence based approaches and must
- 2:29Speaker 1: accept that climate change is caused by humans, just as
- 2:33Speaker 1: cancer is caused by tobacco. VI is Thatcher addressing the
- 2:37Speaker 1: United Nations General Assembly in nineteen eighty nine.
- 2:41Speaker 2: It is mankind and his activities which are changing the
- 2:45Speaker 2: environment of our planet in damaging and dangerous ways. Every
- 2:51Speaker 2: country will be affected, and no one can opt out.
- 2:55Speaker 2: We can't just do nothing.
- 3:00Speaker 1: Check out those stories live right now at the Australian
- 3:03Speaker 1: dot Com dotu and come back to the front first
- 3:06Speaker 1: thing in the morning for something really fun. A chat
- 3:09Speaker 1: with Jeremy Allen White about the challenge of bringing Bruce
- 3:13Speaker 1: Springsteen's life to the big screen.