most linguistic awareness says more needs to be done to promote and preserve local languages for a long period of time in both countries, our colonized the colonizers languages. i've been the former language, he's been spoken in those countries in the interior. quite a lot of initiatives are coming out to put aides, the language ease and the valet, you know, in the country the you bilingual board game is said to hit the market early next year with hopes that it will reach children everywhere. join wolf, al jazeera. ah, exactly half past the hour you're watching al jazeera with our continuing coverage of what's going on in ukraine of the top stories this, our russian president vladimir putin says, a decision on whether or not to recognize the independence of rebel held areas in easton. ukraine could be made within hours. mister put in said that at an

extraordinary meeting of the russian security council, which in a remove was televised the areas in question, lo, hunter, and announced had been held by pro russian separatist forces for almost 8 years. they had been mass evacuations from the region cross recent days to national vision to a nationalist. the goal of this meeting is to lay out our future plans. and then we will have in mind the fact that the governments of the daniel can new hands republics have asked to do matt, to accept their requests, to have their independence recognized. and the assembly will respond to that request. all these matters are closely related to global problems of security in the world and europe in particular. because using ukraine as a tool of confrontation is a big threat. that's exactly why. in recent months, we've escalated work with washington and nato to come to an agreement on security matters. well, that's a nice one, came barely an hour after moscow said it killed 5 people from ukraine who have reaching its border in the region of rostock, ukrainian military saying rushes assertions were fake news and other news or on

foreign ministry, said talks to revive the 2015 nuclear deal have made significant progress in vienna, but it's also warning, but nothing is agreed until everything is agreed still. it builds on remarks from some a you diplomats, you've suggested an agreement could be possible very soon. but in tehran, 250 members of parliament have demanded certain conditions be met before any deal is signed. the nuclear deal also featured and talks, but in rounds president and the mirror cattle, abraham bracy is on his 1st visit to a gulf country. he's in doha to attend a regional gas conference. australia has opened his borders to fully vaccinated tourist after nearly 2 years have been closed off to a well, lots more news and wanted on the website out as you don't come up next. counting the cosmo use here in 30, i'll see you then. ah

i lo, i'm fully back to bo, this is counting the cost on al jazeera. you look at the world of business and economics this week. marching closer to a $100.00 about oil prices have hit an 8 year high on us warnings of a war in grain. so will the prices keep going up? and how are consumers feeding the pain? oh, so this week, russia and china assigned a gas in oil deal as tension escalated over. you grade, it's a wise person vladimir putin looking east and could the energy pivot to asia post challenges for europe and

a stocks place in silicon valley. the move by google's parent company alphabet aims to make shares cheaper and more affordable for investors. but is it really a good buying opportunity? ah, thank you for joining us. the price of oil has hit its highest level since 2014, and that could raise the prices of almost everything. consumers have already felt the pain of the petrol pump as talk of a rush, an invasion of ukraine grew louder. the price of brent crude future's the global benchmark rose to above $96.00 for bow last week. and it might become even more expensive. and an oil market is tight and trade as a worried. the geopolitical tension over ukraine could cause disruption to moscow's fuel exports. russia plays an important role in the global commodity markets is the wells number 2, producer of oil, 2nd only to the united states, the an exports about 5000000000 barrels a day of crude, roughly 12 percent of global trade. and around 2500000 barrels

a day of petroleum products, about 10 percent of global trade. about 60 percent of russia's, oil exports go to europe and another 30 percent to china. but other factors play an important role to demand for energy soaring as corona's. eyes restrictions are being lifted while inventories are stretched. fin, there's been pressure on the organisation of the petroleum exporting countries and its allies, including russia, to increase supply by the group known as opec plus is failing to live up to its supply pledges. and the u. s. has released 50000000 bows of oil from its strategic reserves in an attempt to ease the pressure on consumers or fears of a russian invasion. having just roiled the oil market, global stalks dropped to the sell off was sharpest in europe, and asian markets took ahead as well. russia's main stock market has also been dragged down and its currency. the rubel was weaker against c. u. s. dollar

european, natural gas and power prices went up as tensions rose. well, markets rallied and prices cooled off slightly after russia said some troops near the ukrainian border will return to their basis. but they remain volatile to every twist and turn in the ukraine. stand off a lot to discuss with our guests. first we go to robin mills, whose chief executive officer of command energy. he's joining us from dubai. very good to have you with us on counting the cost. every one robin seems to be worried about oil prices crossing the $100.00 mark. do you see this happening? i think it's yes, it's very likely. prices have been pretty close to that mark. for some weeks now. they've gone over 95 dollars 96 dollars, so getting very close. 100. the market remains significantly tight and you have the political concern for on top of us. so i think davidson significantly above the situation by like low cost in the future, we'll talk about the political tensions in

a bit. what other factors have been driving these prices up? well primarily, what we've been saying is simply a very strong economic recovery from the current of ours. con, demik economies. reopening, travel, restarting, and particular, lot of industrial activity have the energy consumption and others run into constrained supply. supply of course collapse during during 2020 and they are plus group was very successful and cutting back deduction to, to meet the lower demand. it has not been so successful in bringing about production back on line. let's talk a bit more about opec plus what can you do? what really do you think? what it's a bit tricky because you already have a situation our possible if you have only $23.00 members maybe which have significant spec capacity, which is either either the sum of the rock. so every time that they announced they would increase production monthly by $400000.00 bows today, which is their, their schedule demand. in fact,

the actual increase is $2150.00 or less. because many of the members actually physically can't increase production any more. so what could ok, but still what it could say we have to revise targets alive. the members with spec about the to produce more. but of course the members who are running out of spect about the resist. yeah. but as you say, sad you ravia and the you a, have a lot of spare capacity. do you think they'll be helping show up production? well, they're producing a target, it's not a problem with them, but they can't. and that the company won't produce over their targets for that one to, to break the deal. they put together such difficulty. now later this year by september in principal the, those production cuts should have been worked off. you know, then there's a room for another discussion about about where target should go prop side the right way and a few others get allocated higher match political. so september's a long wealth. all right, it is a long way off. well, let's talk about what's happening now. and those geopolitical tensions with ukraine

. what is it stake here? do you see the prices calling off coming down a bit? if the tensions do ease in the coming days or coming weeks? well the ukraine issue has put some pressure prices. i think not that much. perhaps a funny way, not as much as you should have been. i think you rush, you credit since your situation. the war has been much more about gas about oil. you know? yes, if there was a serious conflict, you could see that i could effect all supplies at the moment. i think it's on the adding a few dollars per barrel to the price. i mean, certainly it's a treasure relaxes that will take off a few dollars just and robin. there's also the iran nuclear deal market for keeping a close eye on this deal. how critical is it 2 oil traders? what is effect prices? yes, it's pretty important. it's not a complete game changer, but if there was a deal, iran might over the next 6 to 9 months, bring back a 1000000 barrels a day or. busy so of it's which production of bell sell freely to the consumers other than china, which is on the market at the moment that might drop the price by now $6.00 to

$8.00 per barrel. busy at a guess. so certainly makes a difference, but it's not, not the game. all right, robin, males, chief executive of come our energy. thank you very much for the moment. we'll be talking to you a bit more in just a few minutes like you. but what does all that means for consumers and the wider economy? to discuss this, i'm joined by our 2nd guest, tim hawk. it was professor and chief economist at the institute for public policy and governance at the university of technology sydney payne. thank you so much for being on counting the costs. so high prices we know affect consumers. what is the impact on everyday life? well, of course they price paying the highest, it's been since 2014 when they had the. ready dish in the crimea means that the balance is going to be a lot higher. we've already noticed that here in australia, even though we produce to cross cells. so it's going to directly take people. so

not like what about the global economy, what, what impact will it have on growth? does, does any country at this stage risk or face a threat of recession like conditions as a result of these high oil prices? well, not, not yet. but what's important is that russia itself is a major producer of oil, natural gas, white palladium. copper nichol itself would be a major supply shock from russia that would have a big impact on the global economy. then there would be, of course, a reaction to the higher oil prices that, that you mentioned in your preference side, a supply show from russia. and then any impact you'd have from ohio oil prices. given that russia is a major producer export of oil globally in time. right. right. and what about the impact on government policies seem to bring down? do you know the cost of living?

well ultimately if you're an oil producer, ohio approx means that you will have a cheese base to you, your revenue. so a lot of the. busy fuel rich nations will find they've got more money to come prime into the economy, so that could be a benefit. but the economies that have right, dependent on, on oil want imports, energy, countries that need energy, security like korea be quite difficult. now what about emerging emerging markets? how are they going little benefit from from these rise in prices? well, the emerging markets that oil projected patrolling producers? yes, i said i'd say they would buy the ones that are importing or. ready competing or don't have reserves, be quite quite tough on emerging markets and, and what important to, i think it's the lines that germany has on natural gas from russia. if you take european union speaking of russia,

do you see russia benefiting from the increasing prices? could that help it perhaps soften or the impact of sanctions if there were sanctions or not they would open the short term, but ultimately would probably hurt russia. but most of not be your crime. oh, they might have sanctions imposed, but it would actually cause supplies. so the recordings basically as i have to foreigners the war, so they would be very, very bad for russia and very bad, especially poor. ready the ukraine and probably a risk rank might be economically to roy. i interesting. thank you so much, tim for talking to us and giving us your views on this. tim harko, professor in chief economy, said institute for public policy and governance at the university of technology sydney. we appreciate your time. thank you. thank you. was now the crisis in ukraine has push russia closer to his giant neighbor. china presents vladimir putin and changing, paying amounts of friendship with no forbidden areas of corporation as they met at

the 2022 beijing winter olympics. and energy is at the heart of corporation between the 2 countries. hootin wants to diversify supplies away from europe, his nation is the largest gas supply to the continent. russia and china assigned gas in oil deals, valued at an estimated a $117.00 point. $5000000000.00 was never russia's largest oil producer assigned a 10 year deal with china. cnbc to supply a 100000000 tons of oil through cassock, sun and gas from agreed to ship 10000000000 cubic meters of gas a year through a new pipeline. increasing surprise to china to 48000000000 cubic meters put in a visit to bay. jane was compared to his may 2014 trip when he signed a deal to deliver gaster china as tensions were high over moscow's annexation of crimea. so russia is china's 3rd largest gas supplier and delivers it mainly through the power of siberia pipeline. the 3000 kilometer pipeline began pumping

supplies in 2019 and links east siberian feels. to ne, china and russia plans to build the power of siberia to which would double gas exports from russia to china crossing through mongolia. the pipeline connects china with the same gas fields that supply europe, and would put the continent in competition with beijing. china also imported almost $3000000000.00 worth of liquefied natural gas from russia last year, and invests in russia's your mile, n g, an arctic ellen g 2 projects. russia is china's 2nd biggest oil supplier after saudi arabia. and about 40 percent of supplies flow through the east siberia pacific pipeline. that was financed by chinese loans. and the economic ties go beyond the energy supply. russia and china's bilateral trade hit a record on your high of more than a $146000000000.00 in 2021. that's far higher than moscow's overall trade with the united states. but still less than with the e. u. rushes trade with the block reached more than $220000000000.00 in 2021,

almost $1.00 times the size of russian chinese trade or back to robin mills, chief executive officer of commerce, energy in dubai. robin, what do you make of this deal? is this a sign that beijing is willing to support russia as economy against possible sanctions? from the west? i said in a more limited way than this. you know, chinese guest amount has been growing by strongly. china needs to secure new supplies, liquefied natural gas prices among the high the markets quite tight. so this is something of a challenge for china, and this is a more limit to deal than the very ground plants. this is gas coming from offshore island, in russia. it's not connected to the rest of the russian system. this is gas doesn't really have a whole otherwise. it's quite a nice still trying to get access to gas. but without fundamentally changing the relationship with rusty yet. right brush has always been pushing for much granted there, you know, we have to see if that will come. right. you see a limited deal,

but the 2 countries say it for mutually beneficial energy partnership. how, how important is russia in securing? china is energy security. where russia is very important as a gas exporter and an export of a particular gas export to china. china doesn't want to be solely reliance on, on the 5 natural gas coming out of and see which is maybe vulnerable to interruption at once on shore land base routes both and central asia. and i'm from russia to bring in gas as well. but i think russia, china is always it's, it's just min, personally, leveraging the relationship quite well and getting good prices from the russians. and secondly, never being to dependent on, never giving into the new grand schemes of the russians have. yes, i took a comprehensive engine on ship. of course, the country's work closely, but it's not yet the kind of grand de la energy so that the russians might seem to be discussing to you would say that aging has the upper hand in this energy

partnership with moscow. yes, i think very, very much so, i mean, russia has really nowhere else to turn. it has the pin market costs which has its geopolitical and environmental complexities right now. and then it has a chinese market which is called big fast growing, but which is very remote main sources and russian gas production high. that's one reason for this deal. this, this, this gas food supplies coming from one of the few filters is relatively close. china, right? before we talk about what impact they'll be on the european gas market, i want to find out more about russia. china's demand for gas is expected to increase as it moves away from coal. do you think this will make it a more lucrative market than europe for the russians? i think price is chandra is paying the same for what we can tell them that asked the actually significantly below what the pins pay and particularly when we include the, the long transport distances from the buy in gas producing areas. russia means expensive

pipelines. so the that have to be financed by, by the russian side. nicole gas in china. yes, john is trying to call but still cold as cheap. so gas has to be not too expensive to be able to compete. so price is really key. now, how will this energy deal effect european gas supplies? do you think, especially as russia is in talks with china over the power of siberia to gas price . so at the moment this still, it's connecting an isolated fail to china, so it can be different. the open market, as you mentioned, the past library to pipeline is the real game change because that would connect the west side there and sales, which supply europe to china. then russia ability to switch gastro, europe, to china, depending on the price, depending on the politics. that, that would be the guy and check the chinese held off on, on doing that. perhaps i don't want to compete to, to, to move your plans. perhaps i don't want to be exposed to higher classes, but at any rate that the power of southern pines has not yet gone through. but

that's something that would really change the major scale. and then robin does the north stream got to gas pipeline, and there's been quite a lot of pressure in europe in the u. s. to block this project. can germany, which is, you know, at the helm of this north stream to gas pipeline projects can, can germany for dismissing the projects all together. and how about russia, the prod, it brings money to his coffin, doesn't it? yeah, it's very problematic. i mean, look, in principle, russia could continue gas or through ukraine, which is still there and that would be sufficient. so the maintenance commitments that would be sufficient to supply germany for those rates which been used cars for the decades. but russia has the policy of trying to bypass you, cried. germany is, as so far, been paid to go along with the current situation may change that germany doesn't approve the pipeline, nor street to pipeline doesn't prove its operation. that the sanctions, all that then the 2 sides want to think again, you know, is russia prepared to return to using

a lot more ukrainian transit or. busy would that mean severe shortages in germany and other parts of europe and have been finally coming back to the russia, china, economic ties? how big of a role does energy play in these ties between the 2 countries and what are the other areas of corporation between the well then you thought is really crucial. i mean, the energy supplies from, from russia to china, and those primarily gas but, but what is important to so that's really the, the, the case of 5, russia, china plus there's con, minerals. this makes has been a one sided relationship, of course, and the other direction go chinese manufactured goods. so i think the russians have always been somewhat so wary of just becoming a kind of a junior resource to china. but that is the situation that they're about. so it's a, it's a bit of a, i think the russian by the a bit of love balance, the trading relationship. unfortunately that's, that's with them as resources that they have to self china. robin mail,

thank you very much for talking to us about this. thank you for in find robin males is chief executive of come on energy in dubai. thank you for your time. thank you. now investing in stock market can be a very profitable business, but many people don't have thousands of dollars on hand to buy them. while google sparing company alphabet says it wants to make it stocks cheaper for investors. the company has announced a 241 to talk split, getting shareholders 19 more shares for every one they own. this effectively means the cost of a single share has drops from around $3000.00 to less than a couple of 100. the company has published a massive earnings report with a revenue growth of 32 percent over the year that has sent the stock up 7.5 percent earlier this month. alphabets, recent decision comes almost 2 years after apple's play, the stock reviving a practice that almost disappeared from us market alphabet, then apple, or among the few technology companies that have seen their market capitalization

stretched into trillions of dollars. but facebook is in decline for the 1st time in its history. its parent company met diverse has fed the social media platform last uses for the 1st time since it was established 18 years ago. falling by around half a 1000000 uses in the last 3 months of 2021 meters talked price plunged more than 26 percent earlier this month, wiping out more than $200000000000.00 in its market value. now let's find out more about house talk splits affect investors. joining me is neil wilson was chief markets analysts at markets dot com, joining us from london neo. very good to have you with us on counting the cost. so why did alphabet split it stocks? is it just about attracting more investors? yeah, there's, there's several reasons i can revise my folks, but i think one of the name of it is more retail investors. it becomes pretty

affordable when they're stock dollars. and by splitting it use existing carol, those other factors are holding a grow you can have interest in, in general, in a big retailer activity. and while there is the option of good income, fractional shares, it still remains more appealing on individual share. i right, 11 percent. that's a bit more potential investor base, but also you can encrypt that could save you case number as you can get off the shit. and also back it up one i or at least half an eye on, on being and you cut the value of each individual stock from

$350.00. you become much more in the, in the range that can be so is it a good buying opportunity because we sell companies like tesla and apple see their share prices, serge, after this stock split in 2020 it. is it a good buying opportunity? well, the thing is that it shouldn't make no difference whatsoever to, to the price, but because you are increasing the number of potential increases your world demand . so it could be potentially times by, i think, you know, there's a lot of retail frenzy around some of these stocks, apple and i don't quite sure alphabet this in back me. we have seen go up and buy you because us go over those examples of those levels in the store to go up and buy it because it stops. and therefore, and you could see a potosi institutional versus headphones from running. some of that movement

already is a bit of a tricky one because i say that in your best as stick to the theory, they should be no different. so now interesting, the practice had disappeared in the us all but disappeared in the us. why? why is it back now? neil, is it related to the fed decision you think, to, to increase interest rates? why do you really signed a lot of these companies? you know, the lowest salaries prices. so companies will not long ago, the apple that we made so many companies, retail, that's a huge capital and then for the stock price is going up, right. i know that the company, you know, that we're taking in a couple $100.00 region not that long ago. and suddenly thousands of dollars, i think it is a big increase and, and companies don't like stock city to to look too expensive. so i mean,

let's talk about facebook schools now. neil, i mean, the number of uses down why, why are people increasingly leaving facebook? is it about, you know, younger people not being, being interested in it or they other factors a place? yeah, i think people just the next day thing, i think based company brands that you know, was trying to appeal to the next big thing on the young people generally i think a local competition the state streaming. ready services as well, you, you, it talks about tech talk as a competition. so you get a competition with netflix, there's a lot of things going on. well, what about facebook troubles? i mean, you know, the use of private use, the data and accusations of facebook being a breeding ground for hate speech. how, how did that affect you for numbers?

yeah, i think i think people, i think the general general sense that facebook no longer necessarily to get people who might have been sticking with a provision to other platforms altogether. i think you just and saturation court. google is neil wilson. thank you very much for talking to us. neil wilson is chief markets on this set markets dot com. thank you. and that is our show for this week. get in touch with us by twitching me out fully by a j e, and do use ash a j ctc. when you do or drop us an email counting the call that al jazeera dot net is our address. there is more for you online at al jazeera dot com slash ctc. don't take you straight to our page, which as individual reports to being sending tie episodes for you to catch up on. and that is, it's for this edition of counting the cost. i'm fully back to mo, from me in the whole team. hearing doha,

thank you for watching. the news on al jazeera is mixed. ah, ah. and frank assessments for china will benefit from the 0 call it strategy if the rest of the world cannot get together informed opinions at all costs luckiest on needs. and on fridays from that statement, critical debate library would claims that native constitutes an existential threat to russia. but it's precisely his actions that's rated this insecurity in the region. in depth analysis of the days global headlines inside story on al jazeera,

what happens in new york has implications all around the world. it's international perspective with a human tight zooming way in and then pulling back out again. ah . ready the russian president vladimir putin says he'll decide in the coming hours on the demands to recognize rebel held eastern regions of ukraine as independent republics . a dangerous escalation. moscow says it's killed 5 people from ukraine who tried to breach its border. here have coals. it fake news ah, hello and welcome. i'm peace adobe. you're watching l to see or alive from the old .