Obama Talks Trade At E.U.-U.S. Summit

Obama Talks Trade At E.U.-U.S. Summit
(Brussels) -- President Obama says a new trans-Atlantic trade deal currently in the works would make it easier for the U.S. to export gas to Europe and help it reduce its dependence on Russian energy. Obama acknowledged the deal won't happen "overnight." Russia is the source of about a third of Europe's oil and gas supplies. The President also encouraged Europe to look at its own energy assets to find additional ways to exert energy independence.
Obama also said the U.S. and Europe are discussing potential sanctions against Russia's energy sector if Moscow moves deeper into Ukraine. He said the goal right now is to coordinate around possible additional, deeper sanctions against Russia. Obama is in Belgium today meeting with leaders of the European Union.