Ukraine: Espreso TV

20261012 20:30 UTC · 00:30:59 · 551 transcript segments · GDELT Visual Explorer · plain-text transcript · Event Map

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Transcript

Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.

00:00:00infrastructure. In Germany, explosive devices were found at
00:00:03an energy facility near the border with Poland, and in
00:00:07Poland in September, an arson attack occurred at the territory of a Starlink
00:00:10satellite communication ground station. In parallel, European countries are recording
00:00:14cyberattacks, intelligence activity, the use of drones near military
00:00:18facilities, and attempts to influence through disinformation. Experts
00:00:21note that attacks can occur without a declaration of
00:00:24war, involving saboteurs, cyber tools, and
00:00:28drones.
00:00:31And we are joined by our next guest. In our
00:00:34studio is Serhiy Alushko, military expert, head of the department
00:00:37of the National Institute for Strategic Studies. Mr. Serhiy,
00:00:40welcome. Good day. So, Mr. Serhiy,
00:00:44about a hypothetical, and possibly real war
00:00:47between Russia and Europe. Does the
00:00:50European Union currently feel the threat of war?
00:00:53It is clear that this could be a war, both hybrid
00:00:57and real. There could be... hypothetically some
00:01:01attacks, representatives of special services of various
00:01:04European Union countries say so,
00:01:08but is there really some preparation underway and
00:01:11is a certain direct invasion by the Russian
00:01:15Federation not ruled out? Okay, well, over the past
00:01:18week, we have witnessed
00:01:22the information space being flooded
00:01:25with questions on this matter. It
00:01:28is happening. Since this Wednesday, an official
00:01:31statement from Danish intelligence, there was
00:01:34a meeting on the 30th of
00:01:38EU ambassadors where issues of
00:01:41crisis response protocols were being worked out in the context of Russian threats,
00:01:45there are a number of statements by political leaders, for example, the head of German
00:01:49intelligence or, again, the minister of foreign affairs of Germany on this
00:01:52matter, that is, on the one hand, we can
00:01:56say that for Europe there is nothing new in this.
00:01:59that yes, they see unfriendly,
00:02:02or, let's say, frankly, hostile actions from the Russian
00:02:05Federation, but the intrigue begins with
00:02:08whether this level of concern and this level
00:02:12of readiness that existed yesterday and exists today, whether it is enough,
00:02:16whether it makes sense to see what the Russian
00:02:19Federation will do in the near future, or in a more
00:02:23distant perspective, and how Europe should either prevent this
00:02:26or at least react?
00:02:30So, Mr. Serhiy, about Poland, Poland
00:02:33is actually at the forefront, yes, of preparing
00:02:37for this possible war, possible
00:02:40Russian aggression, and it is clear that there is also the position
00:02:44of Prime Minister Donald Tusk, there is
00:02:46the position, in particular, of
00:02:49other politicians, so let's, by the way, listen now
00:02:53to what the President of Poland said about
00:02:56this in 2010-2015. Bronisław
00:03:00Komorowski:
00:03:05Russia can only intensify such actions
00:03:08that we are already dealing with anyway.
00:03:11Recently, the Polish Ministry of Defense released
00:03:14information that in Polish pre-trial detention centers and
00:03:18prisons there are 50 people
00:03:21accused or convicted of subversive
00:03:24activities in favor of Russia.
00:03:27Most often - this is a new type of spy. Like
00:03:30a saboteur, such a single-use
00:03:33one, who is paid via
00:03:37the internet, and often very meager
00:03:40money for committing arson,
00:03:44undermining railway tracks, etc.,
00:03:48so we are already dealing with this, it can
00:03:51intensify, in addition, of course,
00:03:55Russia can resort
00:03:58far-reaching... actions of this
00:04:01type. In some countries where,
00:04:05for example, there is a large Russian national
00:04:08minority. The Baltic countries
00:04:12may be particularly
00:04:12vulnerable here.
00:04:16By the way, on this occasion, let's probably listen to
00:04:20the Prime Minister of Poland, Donald Tusk. He also says
00:04:24that the threat from the Russian Federation is actually
00:04:27real.
00:04:30The threat, the threat from the East is a real,
00:04:33tangible danger. We know well how important it is for Polish
00:04:37soldiers, the Polish army, the Polish state to be ready for
00:04:40any scenario. Today, the enemy and ally
00:04:44know well that Poland will not allow any effective
00:04:47актів агресії проти нас, і ані ворог, ані союзник
00:04:51will decide which path Poles will take. This is what
00:04:55true sovereignty
00:04:59So, sir. As we can see, Poland is indeed at this
00:05:02forefront of preparation, so it is clear that the Baltic
00:05:06countries are nearby, which also absolutely
00:05:09understand what may happen next, and we already see this...
00:05:12hybrid war, actually on their territory, on their
00:05:16borders, so, if we talk about Poland, what
00:05:20this is like, this pre-war state, what
00:05:23it could be and in your opinion, how effectively
00:05:27Poland is currently preparing for a possible
00:05:30war, I will quote our minister, the Minister of Foreign
00:05:33Affairs on this matter, he very aptly said
00:05:36that our European partners should recognize
00:05:40that Russia is already waging war against them, even if they don't want to talk about it
00:05:44or realize it, that is, if we
00:05:47assume that this war should involve
00:05:51some tank armadas, air or missile strikes,
00:05:54then neither Russia nor Europe wants
00:05:57this and is not ready for it, therefore
00:06:00Russia in its plans, and not even hiding it, for
00:06:04example, in the Russian law on the fundamentals of foreign policy
00:06:07of the Russian Federation, it is very clearly written
00:06:10that Russia the actions of Western
00:06:13countries as a threat to Poland in the first
00:06:16place, as one of the closest neighbors, it believes
00:06:19that some measures are necessary to minimize
00:06:23Russia's attempts to become, to regain the status
00:06:26of a great, a great geopolitical player, that is, Russia's
00:06:30actions can be regarded as
00:06:33truly acts of aggression,
00:06:36they, let's say, are currently carried out below
00:06:39the threshold, the conditional threshold of declaration. And
00:06:43Poland reacts to this, we can
00:06:46say several directions that we see today, first
00:06:50of all, projects within
00:06:53NATO, Poland makes a significant contribution to
00:06:57collective security within the alliance, and on October
00:07:0112, the commander of NATO armed forces in Europe is to
00:07:04announce, let's say, a plan of military actions, or
00:07:08they called it a war plan, a victory plan, in this
00:07:11plan they want and, by the way, it will be announced in Poland, and it is
00:07:15about how NATO, as a military-political security
00:07:18alliance, will react with military and
00:07:21to acts of aggression against
00:07:25any of its members, and by the way, NATO Secretary General also clearly
00:07:29we just don't see, we don't talk
00:07:32about them, but we are already doing this, so that no one has illusions that we
00:07:36are preparing, another national component,
00:07:39that is, there are partnership or...
00:07:42partnership actions of the Polish leadership, as a member of the EU or
00:07:46NATO, and there are own measures to ensure national security, if we
00:07:49analyze the volume
00:07:52of weapons that Poland is purchasing this
00:07:56year, in the near future, that is, large-scale rearmament of the armed forces
00:07:59of the Republic of Poland, a fact, and by the way, something very similar is observed
00:08:03in other Baltic
00:08:06neighboring countries in the first place, for example,
00:08:09Estonians are moving one of the most combat-ready units to
00:08:13a factor, let's say,
00:08:17which should reduce a certain tension,
00:08:20the level, the level of threats and so on, that is, there is a set of measures,
00:08:23but here, in my opinion, in fact,
00:08:27we must acknowledge very frank things, there are
00:08:30assessments of intelligence agencies, there are assessments of the expert community, there are
00:08:34certain statements by politicians, but this does not yet mean that any
00:08:38European state, it's not just Poland or not Poland, any European
00:08:41state, does it realize the level of threat and
00:08:45understand the difference that separate measures to counter Russian hybrid
00:08:49aggression are one thing, and what is called comprehensive or total
00:08:52defense, total defense or something like a military
00:08:56state, although they don't like to talk about it, is completely different,
00:08:59when society and states must proactively
00:09:03mobilize their forces to prevent
00:09:06Russia, and in case of some
00:09:09силової phase or some... hostile actions below
00:09:13the threshold of war, to effectively react to them, and there are many
00:09:16questions about this, it is no coincidence
00:09:18that Ursula von der Leyen, when she gave
00:09:22a report on the state of Europe, also just a few weeks ago, drew
00:09:26attention to the fact that we must develop a new
00:09:29security strategy for the European Union, and we
00:09:32will start with response protocols for various threats, then there
00:09:35is a vision to create something like
00:09:39a collective security council of the European Union.
00:09:43Uh-uh, that is, it is level within a united
00:09:46Europe, and these are elements, well,
00:09:50let's say, adequate preemptive actions by
00:09:53Europe in this regard, and if we analyze the actions of the Polish
00:09:57leadership, then they really, they, Finland, and
00:10:01the Baltic countries, they, let's say, are the drivers of these changes, because
00:10:04they are the first to feel themselves
00:10:07the growth of this level of threat, under
00:10:10hybrid threats - hybrid attacks also
00:10:14affect Bulgaria,
00:10:16recently two sea vessels,
00:10:20civilian vessels were hit by sea drones, and the President
00:10:24of Ukraine, Volodymyr Zelensky, spoke about
00:10:27this. Let's listen to what he emphasized in
00:10:31his speech. Last night, in the waters
00:10:35of Bulgaria, two civilian vessels were attacked,
00:10:38one sank, the other received significant damage.
00:10:42We sympathize with all who suffered. Ukrainian
00:10:46defense forces did not conduct any attacks in this area
00:10:49of the sea. This latest
00:10:53tragedy with... civilian vessels
00:10:56continues, continues Russia's attempts
00:10:59to turn the western part of the Black Sea into
00:11:02absolutely unsuitable for
00:11:05navigation. All data was clarified with the Bulgarian
00:11:08side, our naval forces
00:11:12contacted colleagues in Bulgaria, it was established that this was
00:11:16a Russian combined attack with sea and air
00:11:19drones. So, Mr. Serhiy,
00:11:22what is the tactical, and possibly
00:11:25strategic goal of these strikes
00:11:29on, in fact, ships, vessels, yes,
00:11:32civilian vessels, one of them sank, the crew,
00:11:36as we understand, died, so
00:11:39strategically, what does Russia want to achieve
00:11:42with this, we believe that Russia in this
00:11:46case has several strategic
00:11:49goals, the first, which is obvious, is to
00:11:52divert our partners from programs, projects of assistance
00:11:55to Ukraine, they want to achieve that due to the danger
00:11:59of civilian navigation, or, for example,
00:12:03the danger of other communication routes, both export and
00:12:06import, our partners will say that the price
00:12:09is too high, and we cannot continue support programs, this is
00:12:13such a goal that is obvious, but I would look
00:12:16at this situation more broadly, from what side,
00:12:19first of all, this is probably already the second, it
00:12:23seems to me, and this is not only my opinion, that the Russian Federation
00:12:26of NATO's response and the level
00:12:30of response of individual countries, and
00:12:32probably Bulgaria here was also not chosen by chance, because
00:12:36certain historical, cultural ties between Bulgaria and
00:12:40the Soviet Union, then Russia existed and
00:12:42still exist, and when the object of attack is precisely
00:12:46the former, let's say,
00:12:50that acts, well, the former, again, then it
00:12:53raises a double question. What is this and we think that this
00:12:56is a test, what will Bulgaria do, what will NATO do?
00:12:59There are two options: either Article 5 of NATO on collective
00:13:03defense is activated, but throughout history we see that it was only
00:13:07activated after terrorist attacks on the United States,
00:13:11or other articles of joint NATO
00:13:14actions are activated, they also exist and there are also military measures,
00:13:18for example, escorting civilian, civilian
00:13:22vessels by warships of the combined forces with NATO, or,
00:13:25for example, air patrolling, early detection or
00:13:29neutralization of Russian strike weapons operating in the Black
00:13:33Sea, that is, these are also military measures, these are not direct
00:13:36attacks, retaliatory strikes against Russia, but this is also a response from
00:13:40the alliance, well, something like that.
00:13:43Mr. Serhiy, thank you for your thoughts, for your expert
00:13:46analysis. Serhiy Halushko, military expert, head
00:13:50of the department of the security research center, National Institute of Strategic
00:13:54Studies, and director of defense programs
00:13:57of the Ukrainian Institute of the Future. Well,
00:14:01and we move on and talk about
00:14:04exports from Persian Gulf countries, which
00:14:08have practically returned to the level that was
00:14:11before the start of the war between Israel, Iran, and
00:14:15the United States of America. Why does Trump
00:14:19accuse Ukraine of the deficit
00:14:23of diesel in the world? Let's watch
00:14:26a report from our colleagues about the current situation
00:14:30in the Persian Gulf.
00:14:33Oil exports from Persian Gulf countries have almost returned to the level
00:14:36that was before the start of the war between Israel and the US against Iran.
00:14:40At the same time, the resumption of supplies does not yet mean the return to normal operation
00:14:44of the energy market. More and more crude oil passes
00:14:47through the Strait of Hormuz, but significantly less finished
00:14:50fuel. According to analytical company Kpler, as of the third
00:14:55of October, an average of 10 million barrels of oil
00:14:58cargo passed through the Strait of Hormuz per day, which is about
00:15:0276% of the pre-war level. However, only
00:15:05more than a million barrels accounted for petroleum products, gasoline, diesel,
00:15:09and other finished fuels, which is approximately 11%
00:15:13of all cargo. Before the war in the Middle East, the share of petroleum products
00:15:16usually exceeded 20%. The main
00:15:19reason is disruptions in the operation of oil refineries in
00:15:23the region. This creates a separate problem for the world market: crude
00:15:26oil can continue to flow to consumers, but for
00:15:30the production of diesel and gasoline, it needs to be refined. The largest
00:15:34part of the additional volumes that are currently coming out of the Persian
00:15:37Gulf is heading to Asia. China, Japan, and South Korea
00:15:41have their own oil refining capacities and leave a significant part
00:15:44of the produced fuel for the domestic market. At the same time,
00:15:48the recovery of oil exports remains dependent on the safety
00:15:51of navigation. Since September 28, the British service
00:15:54has recorded seven attacks on ships near the Strait of Hormuz.
00:15:57Despite this, in September, crude oil exports from
00:16:01the region, excluding Iran, reached at least
00:16:0416 million barrels per day. As experts say, the main
00:16:08change now is not only in the volume of exports, but in its structure.
00:16:11The world market is receiving more and more crude oil, but significantly
00:16:15less finished fuel.
00:16:19And we are joined by our guest Oksana
00:16:22Ishchuk, Executive Director of the Center for Global Studies Strategy
00:16:25XXI Century. Ms. Oksana, we
00:16:29welcome you. Good day. Ms. Oksana,
00:16:33let's start with Trump and Ukraine. Yes, the President
00:16:37of the United States of America almost daily
00:16:40states that problems with fuel,
00:16:43particularly diesel, in the world are precisely due to
00:16:47Ukraine's strikes on Russian
00:16:50oil refineries, however, there is no factual
00:16:54confirmation of these words,
00:16:57there is confirmation regarding the situation in the Strait of Hormuz,
00:17:00in general in the countries of the Persian Gulf, why
00:17:04does the President of the United States of America constantly talk about this and
00:17:08emphasize it.
00:17:11Trump has two reasons for this: first, these are the midterm elections,
00:17:14because in November he needs to maintain his
00:17:18rating and distract, so to speak, the attention
00:17:21of the average American voter
00:17:24from
00:17:28what is happening in Iran, that is,
00:17:30actually such a political simplification, yes, it
00:17:34is caused precisely by the attempt
00:17:37by Trump to shift responsibility to Ukraine and to
00:17:41the Democrats. What the International Energy
00:17:44Agency says is that over the past 8
00:17:47months the price of oil
00:17:50and petroleum products has precisely increased
00:17:54due to the war in Iran, and not due to Ukraine's
00:17:57strikes on Russian refineries. However, here
00:18:00it should be noted that Russia
00:18:03historically was the second exporter of diesel to the world
00:18:07market after the United States, and it was precisely
00:18:10Ukrainian strikes that
00:18:11caused caused
00:18:15a reduction in oil refining in Russia, and
00:18:19accordingly Russia was forced
00:18:21to introduce a ban on
00:18:24diesel exports to the world
00:18:27market, that is, Ukrainian strikes are
00:18:31a secondary, but not the main
00:18:34reason for the sharp increase
00:18:37in prices on the world market, which has lasted for more than
00:18:41eight months, and the main reason
00:18:43is the war that Trump started in
00:18:47Iran and the blockade of the Strait of Hormuz.
00:18:49And why is Trump now
00:18:52activated and actively talks about this, that
00:18:56Ukrainian strikes are the main reason,
00:18:59there are two factors,
00:19:02the first factor is the domestic political situation,
00:19:05that is, he is trying again... to shift responsibility to
00:19:09the Democrats and to Ukraine for his actions in the Strait of Hormuz in
00:19:12Iran. And the second reason is the
00:19:16attempt to pressure Ukraine to
00:19:20achieve an energy truce. Ms.
00:19:24Oksana, you have already started talking about
00:19:27diesel exports, about the details, but let's
00:19:30add a little more information.
00:19:33So, who exports the most diesel according to
00:19:37the estimates for 2025? The global
00:19:40volume of diesel fuel exports amounted to about 8
00:19:44million barrels per day, almost half of the world's supplies
00:19:48are provided by five countries. In first place are
00:19:51the United States of America. The country exports a little more than
00:19:54a million barrels of diesel per day, or
00:19:5715% of the world volume. The second
00:20:00position is held by Russia, about 800
00:20:04thousand barrels per day, or 9.5%
00:20:08of world exports. After the European
00:20:11Union imposed an embargo, Russian diesel supplies
00:20:14were reoriented from the European market to countries in Asia,
00:20:18Africa, and Latin America. The third country
00:20:22is Saudi Arabia, followed by India and
00:20:25South Korea. At the same time, the largest regional
00:20:28exporter is Europe,
00:20:3135.3%
00:20:33of world supplies. A significant part of this volume falls on trade
00:20:37between the countries of the European
00:20:41Union themselves. So, Ms.
00:20:43Oksana, if we go into detail, then
00:20:47of course, we are talking about... the Middle
00:20:50East, and can we really
00:20:53talk about the recovery
00:20:56of trade, economic activity in
00:20:59the Middle East, or is it still very
00:21:03difficult to say that imports,
00:21:07exports have recovered to the level they were before
00:21:11February 2026?
00:21:13року.
00:21:16Yes, well, according to the latest data that you have already announced in the introduction
00:21:20of our broadcast, according to Capeler agency,
00:21:23currently the recovery, in particular,
00:21:27of crude oil flows is taking place at a level of approximately 10
00:21:30million barrels per day, and this constitutes approximately
00:21:3374% of the pre-war level,
00:21:37but it should be noted that this means passage
00:21:41through the Strait of Hormuz,
00:21:43and again these Capeler
00:21:46data differ from actual... with
00:21:50data of actual passage of ships through the Strait of Hormuz,
00:21:53because they provide such a high figure for oil
00:21:57exports, while noting that per
00:22:00day, for example, on October 7,
00:22:0310 tankers and commercial
00:22:07vessels passed, and on October 6, seven
00:22:11tankers and commercial vessels passed. In general,
00:22:14before the war, the passage of ships through the Strait of Hormuz
00:22:18was about... approximately 120-125 ships per
00:22:22day, and we understand that some
00:22:25ships turn off their
00:22:27transponders for safety reasons,
00:22:30these ships are not recorded. The flow
00:22:33of oil has recovered, yes,
00:22:37but it has also recovered due to the functioning
00:22:40of the Saudi Arabian East-West pipeline,
00:22:43as well as due to the functioning
00:22:46of the Habshan-Fujairah pipeline in...
00:22:50OHA, and due to this,
00:22:53export volumes,
00:22:56particularly crude oil, are increasing. Why are petroleum
00:23:00products and diesel not recovering? Firstly, oil
00:23:03refineries, particularly in the same
00:23:06Saudi Arabia, which, according to
00:23:09your data that you just showed, was in
00:23:12third place, historically the third largest exporter of diesel
00:23:16in the world. Currently, in
00:23:202026, Saudi Arabia's
00:23:22diesel export figures, particularly due to problems in the Strait of Hormuz,
00:23:26have significantly worsened, and Saudi
00:23:28Arabia is now somewhere
00:23:32in eighth or ninth place,
00:23:35therefore, diesel, it
00:23:38is harder to export,
00:23:41because you first need to refine crude
00:23:44oil to get diesel. Not all oil refineries
00:23:48have recovered in the Persian
00:23:51Gulf countries, oil can be stored in strategic
00:23:54reserves, extracted from fields and immediately sent for
00:23:58export, therefore, oil recovers first, again,
00:24:01volumes have recovered due to exports
00:24:05through additional logistical bypass
00:24:08routes, with diesel and petroleum products
00:24:12it's a bit more complicated, here not only Russia is playing in the market, as the second
00:24:15exporter
00:24:19limiting its volumes
00:24:22of diesel on the world market, but also China's position is also
00:24:26playing a role, which traditionally was also one of the large
00:24:30exporters of diesel, but in recent weeks,
00:24:34it has also limited the export of petroleum products to
00:24:37the market. Thus, we have such a situation that
00:24:40the movement of ships is
00:24:44unstable, it is
00:24:46impossible to talk about a complete recovery.
00:24:50However, we are indeed observing in the last week of September, at
00:24:53the beginning of October, a recovery
00:24:56of approximately three-quarters of the pre-war level of crude oil
00:25:00exports, a partial,
00:25:03insignificant recovery of diesel and petroleum products, however, this
00:25:07does not indicate that de-escalation is occurring,
00:25:11but rather that these are temporary
00:25:14improvements, but stable movement of ships has
00:25:18not been restored, and further... will also be felt
00:25:21upheavals, particularly due to the situation
00:25:24in the Red Sea, the situation in the Bab-el-Mandeb
00:25:28Strait. Ms. Oksana, what about
00:25:31prices? We see that prices, in principle,
00:25:35are not falling either for oil or for
00:25:38ready-made fuel, yes, fuel, gasoline prices, in
00:25:42Ukraine, of course, in Europe, in the United States
00:25:46of America, they are either high or
00:25:49even... still growing a little. What
00:25:52influences this? You say that there is still some movement,
00:25:56but we don't see any
00:25:59decrease. What is your forecast? What
00:26:02will happen, let's say, at least until the end of this
00:26:06year? Can we expect some stabilization or
00:26:10a decrease in world prices
00:26:12markets?
00:26:14Well, the situation with crude oil prices was very
00:26:18indicative in September. The price held at approximately
00:26:22$98 per barrel for crude oil, but
00:26:26when there were Houthi attacks on the East-West
00:26:29pipeline, and it was temporarily
00:26:33stopped export through it, there were also
00:26:36Houthi attacks on the port of Yanbu, and
00:26:39shipments from it ceased. Then these
00:26:42Houthi attacks immediately caused the price of
00:26:46crude oil to rise in the market. This was in mid-September by
00:26:5011%, roughly from 98
00:26:53to 110. Oil rose for a few
00:26:57days. Accordingly, the situation here in the countries
00:27:00of the Persian Gulf is the main
00:27:04factor influencing the price of crude
00:27:07oil, and accordingly, the price of crude oil then
00:27:11influences oil products, diesel.
00:27:14In addition, we understand that insurers, they
00:27:18also have their risk premium, yes,
00:27:22this fear premium, as soon as any unrest occurs in the
00:27:25Red Sea or in the Persian
00:27:28Gulf, immediately, without waiting for
00:27:31improvement, insurers add this
00:27:34premium, and accordingly, the price increases. That is, there is an actual
00:27:38increase in physical volumes, and there is an increase
00:27:42in markets, that is, a paper-based increase
00:27:45called a fear premium, and
00:27:48it can increase
00:27:51very quickly, this price increase, and it
00:27:54can roll back very quickly
00:27:57depending on the geopolitical situation. Regarding the forecast,
00:28:00for the last 8-9 months, the price held in
00:28:04the range of 98-100
00:28:06dollars per barrel. There were historical
00:28:09peaks at the beginning of March, approximately
00:28:12120 dollars per barrel, but they lasted only a few
00:28:16days. They say that the most
00:28:20favorable price for both exporters and
00:28:23importing countries,
00:28:27which allows industry
00:28:29not to fall into recession and also
00:28:32allows exporters to have a good margin,
00:28:36is approximately $90 per barrel (90-98).
00:28:40Accordingly, the forecast is that
00:28:44by the end of this year, the price will remain
00:28:47in these ranges
00:28:50of 98-100 dollars per barrel. I don't
00:28:53think there will be a very large increase at the level of $120,
00:28:57as this is unprofitable for both
00:29:00industry and...
00:29:04and it is profitable for exporting countries, but the global industry will
00:29:08suffer much more, and exporting countries then try
00:29:11to regulate the price a bit. For example,
00:29:15we see the latest actions, that the G7
00:29:18countries, in order to prevent an increase
00:29:22in diesel prices, they
00:29:24agreed to release additional
00:29:27додаткових
00:29:28barrels of
00:29:31products and oil
00:29:33to the market. So they will
00:29:37try to keep the price at the current level,
00:29:40and a sharp increase is
00:29:44unprofitable primarily for the global industry. Who
00:29:47is primarily affected by oil and
00:29:51fuel, gasoline, diesel prices?
00:29:54Which countries suffer the most, and what
00:29:57to do
00:29:58in such a case?
00:30:02Countries suffer, primarily
00:30:05Asian countries suffer, European countries suffer, in principle.
00:30:08If we talk about the industry, it's industry and in particular
00:30:12the agricultural sector,
00:30:15because to harvest
00:30:19or sow, you need
00:30:21to fuel machinery. Accordingly,
00:30:25we understand that the global increase in oil
00:30:28prices is reflected equally,
00:30:32I apologize, it is reflected equally
00:30:35in European countries and in Asian countries.
00:30:39The reserves
00:30:41of countries
00:30:44are decreasing, strategic reserves
00:30:47are decreasing, the ability
00:30:50to react, and the ability for this maneuvering step
00:30:53of the G7 countries,
00:30:56is falling because reserves in countries are decreasing, particularly...
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