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tv   Business - News  Deutsche Welle  June 9, 2022 3:45pm-4:01pm CEST

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from roches warm makes prices skyrocket, bare to 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 dom allow on welcome. ukrainian president vladimir lansky has warned at 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 cons. 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 remain 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 poodles
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on the outskirts of moscow is 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. what is in those cases, but we're now using a chinese payment system to pay directly and you on on of sake as it has a knock on effect because the one system is not as good as swift coca illness. jim, when you mosul and payments can take up to 8 days, is moving to gene shaminy recently. the situation will likely get worse for gems that rely on high quality american exercise equipment. about 15 percent of russia's fitness clubs are reporting problems. getting spare parts, delivered rushes fitness association, president warrens that have things don't change, jims 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 ly october lee,
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or we could never make anything like that. well, not at 10 years segment go 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, gardeners that are still of course, i'm disappointed because the new marvel film is being released. news loanable go, so that we can get around it by watching movies on line. but of course, it's not as good 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 corresponding 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 ball. ah, prices have recent substantially for the pot 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 liberalization of the rubel, but the sanctions are really halting russia in all industries that depend on supplies from the west, especially all things that rely on migrants. also, more than 1000 west and companies have left russia and to day 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 fullest and sanctioned as well. and you know, 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?
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while the new sanctions add significantly significantly strong and to will cost much more damage? i would say at ation, experts for example, agree that in a few years because of a lack of our parts for western 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 switched around several times a day between moscow in saint petersburg, a lifeline connecting the 2 cities are in the medical industry. components are already missing as well. if a look around trasha you, you can find to 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 mandates. but what then then russia might start facing the threat of production closures and lay offs, which would mean more, an employment 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 can not 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 living 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. i 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, iraq shadow there for us. india central bank has hiked rates for a 2nd time and as many months as aged as a 3rd largest economy rails, from galloping inflation in the wake of the ukraine war. the reserve bank raised
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its key rate by 50 basis points 2 to 4.9 percent a month after kicking off an 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 highs and persistent demands supply imbalances. the water has lit do globalization of inflation. not surprisingly, central banks are reorienting and recalibrating. their monetary policies are
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correspondent, tara car, to k. r 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 it is doing the right thing by condemning the war. calling for an end to all violence, and yet not jeopardizing india's own dies with russia, you know, in the area 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 right thing. 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 are the russian oil. what's that doing for the economy? well, you know, even though our inflation numbers are rising and our high prices of most commodities are hurting the average in 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. we're 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 of buying that appears to have given them a room to allow the prices to cool down. and they're hoping that in sometime from
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now, it will have some impact on the supply chain and on the prices of other essential goods as with jeanette 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, d. w is 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 of slat, 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, a gas crisis in europe could be an opportunity for his country. he's m a. c gone put down her gas. if big gas producers like rush hour countries in the middle east
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in difficulty. what of the alternative 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 visit as you need the set up for mercy. don't particular regional greek autocratic presidents, dennis as soon gifts, who has not yet taken a position on russia's war and ukraine. the african nation has maintained friendly relations with russia for decades. it was assist the state of the soviet union during the cold war, thousands of congo lisa studied in russia in recent years like ocala util, national unfair to resell until the pond de la la la. you also see do deliveries. she'll talk it 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 . that's why students here are learning the language i need to seek effective book
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need 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. whereas you prove will be on to a lot of dollars. 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 there are more puts unities, water needed, if it, to the market 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. it was one of the key feature production that gets one was the center of the nation's are the industry. people clearly hope to benefit from rising demand and higher prices for fossil fuels and the sick dog doesn't have a phone call it the expertise the golf sector has not been exploited enough. they are reserved, we should explain them a bit more. and there is a liquefied natural gas project already plant minimum force you to do guys want to
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go and put 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 r jerry up to nice. m was m beacons, angola, already further along in this process and have much larger reserves. and that's a show for more checkout d, w dot com slash business, and the d. w. news youtube channel for also on facebook for me and the business team here in berlin. thanks for watching. with ah, with
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ah ah, nancy, in as soon as in russian, where many of his fans are located that was until he took a stand on the war in ukraine. how taking this position has effect on him. focus on europe. in 90 minutes on d. w. 175 years ago, the young start up entrepreneur at a specific goal. 1 build the best article instruments in the world. good size. did his wish has become a reality?
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175 years of size starts june 19th. on d. w. is the end of the pandemic in site. we show what it could look like. return to normal. and we visit, we're finding it difficult with success in our weekly coping 19, especially every thursday con d. w. ah frank foot hot international, a gateway to the best connection, self road and radio. located in the out of europe, you are connected to the whole world of experience outstanding shopping and dining
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offers and drawing our services. be our guest at frankfurt airport city, managed by from bought lou. ah ah, this is you that we news live from berlin, not giving up ukrainian troops say they're fighting for every house. every street, despite facing intense rush and shelling is the baritone, f ukraine's leader says the outcome of this battle could determine the face of the entire dom bass.


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