Italy’s tough new approach to Russia
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 May 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Italy’s tough new approach to Russia marks one of the biggest foreign policy shifts in Europe in years, Germany has called for a phased-in ban on Russian oil imports into the EU, and investors have written to the boards of leading food companies to show shareholder concern about nutrition and obesity.
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Mentioned in this podcast:
EU steps up action on Russian oil sanctions
Revulsion at Ukraine War ends Rome’s old amity with Moscow
Investors push Nestlé and Kraft Heinz to set new health targets
ArcelorMittal successfully tests use of green hydrogen at Canadian plant
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.7 | Good morning from the Financial Times. Today is Monday, May 2nd, and this is your FT News Briefing. |
| 0:19.5 | EU officials are discussing their toughest sanctions yet on Moscow, |
| 0:23.8 | and one of Europe's biggest member states isn't so sympathetic to Russia anymore. |
| 0:28.1 | It's just not possible to make excuses for Moscow anymore. |
| 0:32.3 | Moscow as a market of interest is probably over for a good long time. |
| 0:37.4 | It will tell you about a shareholder campaign aimed at getting big food companies to |
| 0:41.4 | up their game on health and nutrition. I'm Joanna Gal, |
| 0:45.1 | Infermark Filipino, and here's the news you need to start your day. |
| 0:53.6 | European energy ministers are holding an emergency meeting today, |
| 0:57.6 | and they're discussing Russia's decision to halt gas supplies to Bulgaria and Poland. |
| 1:03.1 | This comes as the EU is trying to reach an agreement among the various member states |
| 1:07.0 | to ban Russian energy. Hungary's Prime Minister said he will not support a ban on Russian gas |
| 1:12.4 | or oil. But Germany is calling for a phased in ban on Russian oil. |
| 1:17.3 | Berlin's willingness to speed up its timeline increases the likelihood of a full EU oil embargo. |
| 1:28.4 | For decades, one of Russia's biggest allies in the EU was Italy. |
| 1:35.0 | Even after Russia invaded Crimea in 2014, Italian businesses opposed sanctions. |
| 1:41.0 | And the Prime Minister back then, Silvio Berlusconi, traveled to Crimea to drink wine with |
| 1:45.5 | Vladimir Putin. But the war in Ukraine has been a turning point. I spoke to our Rome correspondent |
| 1:51.2 | Amy Kazman about this. So look, Italy came out of World War II with the largest communist party |
| 1:57.7 | in Western Europe, and it was a part of the political establishment. It helped write the Italian |
... |
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