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tv   Business - News  Deutsche Welle  June 9, 2022 12:15pm-12:31pm CEST

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steve, it's a rough road north that may be about to get rougher at set you up to date. well, well news at the top of the hour, i had a thought. let me just recap our top story. this. our shelling from russian artillery in ukraine's dumbass region is post ukrainian troops. the outskirts of savannah, done, the cities defend the site. they will not concede that say on the w. janelle, do milan has your business after a good day. ah ah, it is a secret. and a scene endless one axis of the conflict between iran on the one hand
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and israel in the united states on the other with more than 40 years. the adversaries have been irreconcilable. there is never been any real dialogue. how did this confrontation begin? how great is the danger that it will spread the long war? he's really, iran usa starts june 15th on d. w with ah, a blockade keeps ukrainian exports locked in while western sanctions keep supplies out of russia. we examined the impact also on the show, india is fresh from raising interest rates as fall out from roches warm makes
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prices skyrocket. there too. will india stay neutral towards moscow? i mean its own economic pain. and the global energy supply crunch has the republic of congo saying it can stuff in to help. this is the adobe of business . i'm janelle de malott on welcome. ukrainian president vladimir lansky has warned that blockaded ukraine. grain stalks could triple by autumn leading to starvation for millions across the globe. he estimates that number could grow up to 75000000 tons from the current 20 to 25000000 that are blocked. his warning kong after russia said it would allow ukrainian grain exports to leave a via the black sea on wednesday. as roots out for ukraine in grain were being blocked, supply route to russia have also been complicated by western sanctions. here's a look at how that's affecting life inside the country. this warehouse and who
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danced on the outskirts of moscow as full. but western sanctions are having an impact on this gym equipment distributor. and supply chains to russia have been disrupted. everything takes longer and cost more. the company director says that the payment method has also changed for you and those cases were now using a chinese payment system to pay directly and you on august 6th. it has a knock on effect because the one system is not as good as swift coca what goodness jim, when you muscle and payments can take up to 8 days is more likely to seemed new were some of the situation will likely get worse for jims that rely on high quality american exercise equipment. about 15 percent of russia's fitness clumps are reporting problems, getting spare parts, delivered, rushes fitness association, president warrens that if things don't change, jim's could lose their customers. by the end of this year. we might just have a chance to do you know what these high quality machines from the us, germany and italy or lion scholar lee, or we could never make anything like that?
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well, not a 10 years ago to position just to meet the sentiments are also empty. hollywood movies are no longer being shown. this chain has already closed down 3 theaters coroner's roster. of course, i'm disappointed because the new marvel film is being released news loanable go, so we can get around it by watching movies on line. but of course, it's not as good as notional boomers and fewer shoppers are visiting the malls. but given the sanctions hardly any one wants to get involved politically put in system with its police and harsh laws has too tight grip on the country for that kid. all the a correspondent era shadow is following the story for us here is how much are western sanctions affecting everyday life or russians both go through moscow's grocery stores? for example, you would think that there are no sections at all. nothing has changed. i would say
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that the, the food supply, he and regalato is partial the poorer than in moscow. but if you look at the prices, especially for imported goods, you can see a clear difference compared to the times before the war. ah, prices have recent substantially for the import to the drink. but like, like i said that the supply situation in general has normalized, especially if compared to march when some of storage awards suddenly empty. ah, this is mainly thanks to this civilization of the rubel, but the sanctions are really halting. russia in all industries that depend on supplies from the west, especially all thinks that that rely on migrants also more than 1000 west and companies have left russia. and today that there was more bad news from for moscow . big chinese companies such as how are why a hallway are pulling out of rush as well, probably out of fear of becoming targets for less than sections as well. and did now you've been covering russia for years and you know, as well that it's been subject to sanction since 2014. how does these sanctions differ from previous ones while the new sanction significant,
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significantly strong and will cause much more damage? i would say at ation experts, for example, i agree that in a few years because of a lack of our parts for best, an aircraft and many plants a will no longer be able to fly at the same applies to gym and high speed to trains from siemens, which at around several times a day between moscow and peters, took a lifeline, connecting the 2 cities are in the medical industry. components are already missing as well. if look around trash you, if you can find western machines, western technology and now how everywhere these machines needs to be served. cat 4 and renewed and they can probably around for a few years without maintains but what then then russia might start facing as a threat of production closures and lay offs, which would mean more unemployment and a lower standard of living. so it can only get worse perhaps that can the sanction that force vladimir putin to stop this far i think
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sanctions alone definitely cannot force put into an to the war put in started it for political reasons. he obviously didn't expect this kind of resistance and is now preparing his country and the whole world for a long war. even if the sanctions cause and deterioration and lydia standards, even if people in russia no longer have the same food in their fridge. russia propaganda machine can spin this in favor of their narrative, buckle up your belt, people times are getting tough, but the rest is to blame. what the sanctions can do is make life an uncomfortable for the elite and may be so uncomfortable that they might even think about rebelling and if they stand up, it could lead to putins downfall. thank you very much, my colleague, you're a rush shadow there for us. india central bank has height rates for a 2nd time and as many months as aged as a 3rd largest economy, rails,
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from galloping inflation in the wake of the ukraine war. the reserve bank raised its key rate by 50 basis points 2 to 4.9 percent a month after kicking off in aggressive monetary tightening cycle. india bounce back strongly from the pandemic with one of the worlds fastest growth rates. but it's now grappling with skyrocketing commodity prices here as the central banks governor shock to contact das with more on the decision. the war in europe is lingering and we are facing newer challenges each bossing deep, which is accentuating the existing supply chain disruptions as a result, food, energy, and commodity prices remain elevated. countries across the world out facing inflation at the girdle, eyes and persistent demands supply imbalances. the water has lit do globalization of inflation. not surprisingly,
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central banks are reorienting and recalibrating. their monetary policies are correspondent, tara cartucker, joins us now from delhi charo. russia's war is hitting india's economy. india has famously adopted a neutral stands on the war. how are people there receiving india's policy on russia given that it is linked to their own lives getting harder? well, you know, there are mixed reactions. you know, the opinion is divided. there are many who feel that india should have taken a model stand and called out russia for its aggression. but then there are many of those who feel that in there is doing the right thing by condemning the war. calling for an end to all violins, and yet not jeopardizing india is on die is with russia, you know, in yellow shot days of a lot of context. there is a lot of history, and there is a lot of future as well. so there are many who feel that in years doing the writing . in fact, there are some supporters of the ruling party, b, j. b, who have become admirers of a russian president vladimir booth and for,
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for reasons of nationalistic pride. janelle, now india of course, has a double down on, in parts of russian oil. what's that doing for the economy where you don't, even though our inflation numbers are rising and our high prices of most commodities are hurting the average indian consumer. things appeared to be cooling down on the fuel front because till about 2 weeks ago. and because of the crisis in the international markets, the government was saying that we owe, the prices need to go up and oil marketing companies were increasing the price of petrol and other products, the patrol based product every day. but that hasn't happened for the last 2 weeks now. so it is believed that the russian oil that in companies are buying that appears to have given them
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a room to allow the prices to cool down. and they're hoping that in sometime from now, it will have some impact on the supply chain and on the prices of other essential goods as well charge card to car in delhi, there for us. now, as the effects of high energy costs spread around the world gas producing countries cents an opportunity among them, the republic of congo, the w, adria increased reports lying off the coast, the republic of congo oil and natural gas reserves for a long time. the natural gas was simply burned off our flat, but now at this power plant, it's used to generate 70 percent of the country's energy needs. the minister in charge of oil and gas hopes to stop exports of liquified gas in the future. he says the gas crisis in europe could be an opportunity for his country. he's m a. c company. don't gather if big gas producers like rush hour countries in the middle
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east are in difficulty. what are the alternatives? katara is already producing at maximum capacity. norway doesn't have a big production margin. japan is too far away. america has its own markets. so maybe the solution could come from africa, show up all if they don't want visitors, you need the shuttle port for mercy. don't particular region 100. i think autocratic presidents, dennis, as soon guess who has not yet taken the position on the rushes war and ukraine, the african nation has maintained friendly relations with russia for decades. it was assist a state of the soviet union during the cold war. thousands of congo lisa studied in russia in recent years like ocala util national air to refill entirely upon the la la la. you also see do deliveries shown to be the russian culture and influences increasing. there are many opportunities for students and it's very easy to go to study in russia. you just have to register and then go lips,
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why students here are learning the language. i need to think if i could walk you to johnson the rest meant to know from the sit long while some focus on the positives . others struggled with the idea of studying in the country at war. as you pursue began to eat dessert osborne, lodgers, my trip will start very soon. and i'm super excited to study architecture there. i will see new things. life is good there and they are more opportunities for trinity . if it's, if margaret are on the war currently ongoing, it's not a good time to go there for now. i don't really feel like going, but in a long run i still want to go because human a victory fishery, polishing beckett. point in worthless center of the nation's oil industry. people clearly hoped to benefit from rising demands and higher prices for fossil fuels. the sick dog, as in every bank i did as an expert in the gas sector, has not been exploited enough. they are reserves. we should exploit them a bit more. and there is a liquefied natural gas project already plant m m m porsha. do you guys do want it
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doesn't give you a keel on kordek with it in a nearby land has already been reserved for the projects, but it will likely take some the years for the republic of congo to export liquefied natural gas to europe. other african countries, such as algeria, denisia, mozambique, and angola are already further along in this process and have much larger reserves . and that's her shell for more checkout d, w dot com slash business, and the d. w. news, youtube channel. roswell, on facebook for me and there was a scene here in berlin. thanks for watching v e n i c h leverage guide. mm hm. singapore, i work with different identities with
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on d w. i, she's got this is the thought, say will gray a m a if a city of dwelling identity east and west, owed a new, traditional and contemporary as a young artist navigating these 2 isn't always easy. so.


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