round dang, yang. we've got yen for 6 on saturday. that's a snapshot of your weather. thanks for watching. oh, the weather sponsored by cataract ways. move a diverse range of stories from across the globe. from the perspective of on networks, journalists on al jazeera, ah 2 explosions reverberates across kiev as russian troops push ahead towards ukraine's capital. aah! i know about this, and this is, i'll just have a life. and doha, also coming up ukraine's president urges residence to take up arms warning russian troops may storm kiev in the coming hours. russia vetoes

a un security council resolution deploring aggression in ukraine. china abstain from voting. the u. s. imposes sanctions and lied to be put in under foreign minister said the love of falling similar announcements by britain and b. e. u. i explosions and air raid sirens can be had a cross kiev as russian troops and tanks crawl. busy towards the city center, ukraine's president says he expects russian forces to storm the capital overnight and cold and the public to defend it. after 2 days. who strikes in shelling across ukraine international pressure as mounting and moscow to withdraw its forces. but in the past couple of hours the kremlin vetoed a draft resolution at the un security council that would have condemned its action . we're going to have more on that in a moment. first,

andrew simmons brings us the latest from kiev. ah, the sound of sporadic gun battles echo across the ukrainian capital give russian invasion forces closing in on the city. the president vladimir lensky made a bleak but defiant video address him the ridge. good evening everyone. our troops are here. our citizens are here. all of us are here protecting the independence of our country, and it will continue to be this way, glory to our defend us glory to ukraine, gloria to heroes. but sadler images show massive russian reinforcements waiting in reserve at various staging pros, just across the borders from ukraine, russia has the numbers stacked in its favor and vladimir putin shows no sign of relenting ye. sure. of the pressure of once again, i appeal to the service men of the ukrainian armed forces. don't let neo nazis

unbundle knights use your children, your wives, and old people as human shields take power into your own hands. what it seems that it will be easier for us to come to terms with you than this gang of drug addicts and neo nazis. come on, who settled in kiev and took all ukrainian people hostage. ukraine's army is putting up a fight. this russian artillery convoy near the southern city of her son was wiped out as it traveled along the highway from crimea. and the defiance of the soldiers in a ukrainian position on snake island in the black sea has captured the public imagination . oh, oh. oh, oh. oh, minutes later, the entire garrison of 13 was wiped out by

a russian bombardment. russia says ukrainian civilians need not be worried, but this civilian motorist would disagree. his car run over by a russian personnel carrier which appeared to deliberately target his vehicle. remarkably, the man was pulled out alive from the wreckage. in contrast to the situation elsewhere in denise pro, a city with a population of a 1000000 people, it's relatively quiet. but even here, there's no escaping the sense of foreboding and tension. i don't want to go away from my land or my counter. i will stay here. i will fight here for my, for enough, for my dependent, for my nation, for us. and for me especially this is this, this is innovation. i absolutely and unbelievable. we're in the center of the capital of ukraine in a war that's costing so much in lives,

money and faith. yet, there's an eerie silence here. no want to be seen around this area. the streets over there, pretty deserted. those that are around are invariably, in palm shelters have to cope so, but really we're struggling by getting stuck in here that the thing that we can kind of cape at the moment, her son, voice some optimism is very terrifying. the. um, we're closing and i'm sure that in about a few days it should be fine. now it should says little bit to those who want to escape. time is running out, and the kids main railway, sledging the plant rooms have been crammed with people trying to get on to trains and flee the city. oh, this exodus is regularly interrupted by air raid sirens,

which send anyone out in the open scurrying for the safety of the nearest metro station. more than 100000 ukrainian civilians have already fled to neighboring countries. a steady flow of people crossing into romania, hungary and poland in the country they've left behind. cases full of weapons are being handed to any one who wants them. all men aged between 18 and 60 a band from leaving the country. now, their president is telling his soldiers, you are all we have. this is turning into a bloody war. this country believes the fighters for ukraine's very existence as an independent state. andrew simmons al jazeera keith in ukrainian capital here residence having ost to take up arms against the russian forces, who were just a few kilometers outside the city center. moscow says its troops have captured a key strategic airport in hostile mail and landed paratroopers in the area. this

has not been confirmed by ukrainian authorities. meanwhile, russian tanks have been spotted in the northern districts of ukraine's capital. authorities are telling residents to stay off the streets because of fighting. this is just north of the presidential palace in the heart of the capital. ukraine's president's ludmilla zalinski says, russian forces have marked him and his family as the top targets. well, your bro, ukrainian president zalinski has released a message saying russian forces intend to take care of overnight. miss dean. to do that. but this night will be more difficult than the last one. the cell to be in key in the south. the attention is on keith. we must not lose the capital. i would like to talk to defenders. we need to pull together all the forces to defend our country. all of us have to understand what to expect. we must withstand the destiny of ukraine, will be decided to not satisfy your ashes. the youngest member of ukraine's

parliament, he says, the residence of kiev will defend the city from russian forces. the reality is that the silence are going off every other minutes and you can hear the shooting happening and lose her presence everywhere. i myself have to spend most of the day trying to help organize trying to help mobilize, trying to help divide the weapon store those who are willing to take them up to defend our capital. and i can say that pretty much everyone i met in the capital with state here has expressed willingness to try and get those weapons and help out . and we see that very clearly today those incursion is where basically the fact was just because of crushed. exactly, because of taking weapons that were distributed basically when trucks arriving with

all the guns you can imagine so that people can try and take them up and push on the russian rate is in every way they can from my country. this is a moment great. just test in its existence and we need to handle that test and assets to continue on building our state state future in my fall grandfather, the great grandfathers were fighting for this child with dying for the show speed and the 2nd war in terms of the kremlin soviet experiments, and now it is all time to have the same test and we're going to, we're going to, we're going to with well, let's take a look at the white, a picture of a cross ukraine itself as being attract on all sides by russia to the north, east, the south and the west. now all eyes are on kiev. it's being pounded by missiles. russian forces invented a northern sub job and they've surrounded the city. fierce fighting is taking place

in the regions of sumi custom and ukraine's 2nd largest city cock have the mayor has told all residents to hide in bomb shelters and in the port city of money, a port which is close to rebel held areas in the east. at least 35 residents have been injured after fighters backing pro russians. separatists fired at civilian buildings. or russia has vetoed a un security council draft resolution that would have condemned its invasion of ukraine. the resolution would have confirmed the sovereignty of ukraine and demanded that russia immediately, completely and unconditionally withdraw its forces. it also called for rapid, safe and unhindered humanitarian assistance. russia's ambassador called the resolution anti russian and anti ukrainian. he accused members of the security council of stoking tensions by a god mozambwe de la gush kill grain artisan is cuz crane has been flooded with weapons, weapons that were used to kill civilians and don bass. yes,

you have made you crane upon in your geopolitical game. with no concern whatsoever about the interests of the ukrainian people. responsibility for what is transpiring wise, not only with the ukrainian government, but it also lies at your feet. and your draft resolution is nothing but yet another brutal, inhumane move on this ukrainian chessboard. perky sure in the us ambassador says, nights at nations, he says, russia has chosen to inflict untold suffering on the ukrainian people at its own citizens, but an unjustified war. rushes latest attack on our most fundamental principles is so bold, so brazen that it threatens our international system. as we know it to those who say all parties are culpable. i say that is a clear copout. one country, one country is invading another. russia is the aggression aggressor

here. there is no middle ground. chicago tansy has more whether the ukrainians did say that they were still committed to negotiations. and obviously, there is a great deal of focus now on whether some form of negotiation might take place on potentially neutrality for ukraine's. there was a lot of talk all day to day between zalinski, the between present landscape president putin, about the possibility of talks, whether it be in immense score or in war soil somewhere else, completely honest on bowl i think that was being floated as well. so that the diplomacy is still being talked about. and of course, we know russia is making it very clear on what that goal is. it is a demilitarized neutral ukraine, and there were indications that at the very least this is lance. he was prepared to discuss some of those, some of those points, although you had the ukrainian ambassador that sang don't put words, no mouth as to what we are willing to discuss. but at least that was that glimmer

of hope in the end. and what else is that? and that was also a confirmation from the us ambassador that they will be referring this now to the secretary general to can be an emergency meeting of the general assembly that could happen as soon as tomorrow could happen next week. perhaps because that will be a non binding non binding resolution that would be voted upon by the members of the security above those of the general assembly rather and but, but it would certainly be another another moment to show isolation for russia. however, having said that though, the yeah, to was very interesting when the u. s. t refers something to the general assembly because usually the u. s. is in a big fan of the general assembly is a serious enough telly for, for the us to refer to the general assembly. so we'll see when that meeting takes place with the u. s. is among a growing number of countries planning, financial sanctions, including asset phases, on russia's leadership. the coordinated restrictions ain't to force russia to the negotiation table. alan fisher has this report. it's another step to put pressure

on the russian leader up the united states will join them in sanctioning president putin and foreign minister, elaborate and members of the russian national security team. 44 hours after president fight and said he still had further options with sanctions. vladimir putin with a came one of only a handful of world leaders in the we personally sanctioned by the u. s. this step sends a clear message about the, the strength of the opposition to the actions by president putin and the direction in his leadership of the russian military. we as president, talk with president zalinski for 40 minutes on friday. he promised to continue humanitarian, military and security support. but what isn't clear from the white house reading of the call, as if the disgust more scores or 4 of peace talks an offer dismissed by the us state department. now we see moscow suggesting that diplomacy take place at the barrel of a gun or as moscow's rockets mortars artillery, target,

the ukrainian people. this is not real diplomacy. those are not the conditions for real diplomacy. oksana marker over the ukrainian ambassador in washington says they are gathering evidence of possible war crimes. ukraine has been victim of unprovoked aggression by russian federation. the 2nd day was even harder. ah, the attacks have been more brutal. but i am very pleased to say that they were not successful, definitely not successful as the enemy planned him. the decision to sanction vladimir putin is a significant escalation. but the white house says it still has more tools and its toolbox. and we'll judge what's needed day by day. allan fisher al jazeera, at the white house, nato, sending thousands of troops by land, air, and sea to protect allies near russia and ukraine. secretary general johnston berg

has called the crisis a new normal in european security. nato's pledge comes after ukrainian president of lottie may zalinski, criticize their lines for not coming to his country's aid. diplomatic editor james bay's reports from brussels. troops, tanks and weapons are on the move across europe. as nato continues to reinforce its east and front it's member states who are closest to russia. now the alliance is activated elements of its response force. thousands of extra troops over a 100 jets are on high alert. 120 war ships are in position. nato leaders met by secure video conference for the 1st time. since the start of the russian invasion, as fears grow that the ukrainian capital could be taken soon. how fearful are you about the possible fall of key? and if we move to a resistance, insurgency type situation, what support can nato then give?

or what we have seen is that term. the ukranian forces are fighting bravely and are actually able to inflict damage on the invading russian forces. ah, but again, it is a very fluid under an loan or an evolving situation. nato allies express her at them are some it today that are they are provide support to ukraine. they are ready to continue to roads report to ukraine. here at nato headquarters. the plan is to fully protect their members on the eastern front. the country is closest to russia, but at the same time they're sending a message to president putin. you're getting exactly what you said you didn't want an increased nato presence on your doorstep. it's part of a coordinated effort. the european union was invited to the virtual nato meeting.

at the same time, e u foreign ministers met in brussels to agree a fresh round of sanctions. the 3rd in just 3 days. this time they decided to directly sanction the personal assets of president putin and his foreign minister, sir galeb roth. james bayes al jazeera brussels, m u n says about 5000000 people could flee the fighting new crane into neighboring countries, and more than 1000000000 dollars will be needed for 8 operations over the next 3 months. many in the capital here have been crowding into train and metro stations. they're either trying to leave the city or seeking shelter below ground. lucille bryan reports hale. 2 sinclair, his house in johnson with the train station desperate to leave the ukrainian capital soldiers reportedly fired into the air to disperse the crowd. so again, with them since the throng they've been trying to leave all day from the morning

here. that as you can see, that's an air listing russian troops are edging closer with explosions. heard around the city. and yeah, this apartment block with his yes. hello. i was sleeping. there was a sharp explosion and i was thrown 3 meters from the room. i was in into the corridor, the glass shattered there were sounds coming from the street. i got scared and started crawling on the floor. oxen glencoe made it out alive, and emergency workers went door to door, searching for victims. and as russian tanks rolled into the city below, ground, people crowded into metro stations exhausted and uncertain about, whoops, to come home with them or you with a shelter in our building is known as for underground as the metro station. that's why i think it's safer to come down here. at least a 100000 people have been displaced by the fighting. but the united nation sees the

number seeking refuge outside ukraine could reach 5000000. let me let me go to my give me a letter. we had to leave behind everything our whole lives work. it's a terrible feeling to leave your home. you can't imagine how i feel all these families have crossed the border into hungry, hoping it won't be too long before they can return. we'll go out on the market. there are long queues at all the banks and the gems have been emptied. there are throngs in the shops and you pretty much can't buy anything any more. and even paying by card is not possible because some banks are not working. and there are our long queues at petrol stations. further along the frontier and poland, hot food and drinks are being served with temperatures hovering around 0 degrees celsius. some people walked 18 hours to get here. many with young children escaping what rights groups say indiscriminate attacks by russian forces.

i think yes. okay. who have heard nothing crania national anthem? she flew her after the attack would go good. despite the devastation, an air of defiance remains alexia bryan. al jazeera, well as alexi was saying, many ukrainians have been rushing to neighboring poland to escape the fighting. jane bas robbie said this update from mitchie come on the border where polish authorities are preparing to receive more refugees. now we've seen the scenes of people coming across with as much as they can carry. we've seen children in hysterics. we've seen families, cars full of families, people very frustrated and angry and unsure of what comes next polish authorities. the polish government has mobilized an enormous amount of resources to help. the

government here has announced help centers as well as medical facilities in the towns near the border. and the government has said that so for an estimate of $20.00 to $30000.00 people have already crossed in the 2 days since the invasion of ukraine began. and what we're hearing from the government is they are preparing for as many as 1000000 to 4000000 people displaced by the fighting, to cross over from ukraine to poland in the coming days and weeks. and that may seem like a staggering number, but with reports from the mayor of kiev, that there is a chance of air strikes tonight and into to morrow warnings to people in key to find safety to find cover. that number does seem to be realistic. and in some cases, inevitable of many in eastern ukraine. this is an escalation of a conflict that's been raging for 8 years in the time of holies, which is controlled by russian back separatists. people say shelling from the

ukranian army as it is secondary school. according to regional prosecutors, 2 people were killed. shell fire has intensified in the rebel held areas of vignettes and the hundreds of recent months ahead of the recognition as independent by russian president vladimir putin. on monday, while president putin has encouraged ukrainian soldiers to seize power in his latest on camera address that at smith has moore from moscow. this was an hour long speech from vladimir putin, in which he exit essentially blamed the collapse of the soviet union on the creation of this independent state of ukraine called into question, ukraine's very right to exist as a country outside of russia. vladimir putin's tone was at times frustrated, and at times bleak, and he blamed after that long historical lesson of why he believed ukraine was not really a legitimate country. he then went on to blame nato for its failures,

to address a situation in the east of ukraine. he accused nato as his frequently accused nature in the past of expanding into all of those eastern european countries. and that were released from the soviet union at the brit when the soviet union broke up . he blamed, ain't accused nato of a deliberately expanding into, into those areas. and he said that in east of ukraine, nato has failed to address the situation in don bass. this is where there's been a 7 year long, more than 70 a long now conflict with these russian separatists. and what vladimir putin has done is essentially ripped up the minks agreement. this is the 7 year long ceasefire between ed negotiated with ukraine and russia. and with the french and the germans, that were supposed to find a solution to the situation in east, in ukraine and say, in said, vladimir putin has said that it hasn't worked. that isn't working. i am now going

to give, recognize these 2 countries as independent states, straight after he finished his speech, he went on to sign that agreement, which included a friendship and cooperation agreement. which means that if the leaders of lou ganske and don't ask, need help from russia, they can call on it. it means russia could send in troops to push back ukraine from its own sovereign territory. rush has been done from the upcoming univision song contest with producers saying its inclusion would bring the competition into disrepute. the european broadcasting union says it made the decision based on the crisis in ukraine 24 hours early. as i said, russia would be allowed to compete state broadcasters from iceland, norway, another, and all cold for the ban friend and says it won't participate in russia. takes part conservative republicans are gathering in florida for the conservative political action conference. the meeting began on thursday. the day of the most recent

russian invasion of ukraine and that assault has been a primary topic of conversation. john, handing reports from orlando the conservative political action conference is one part political carnival. ah, ah, one part serious policy discussion. and with russia now invading ukraine, u. s. policy on that conflict took center stage no matter where you stand on this ukraine, russia situation, what we should have done beforehand, what we should do now. the one thing i think everyone can agree upon is that the people of ukraine are inspiring to the world. for many republicans, it's also a chance to bash president joe biden, mike pompei out the republican secretary of state under president donald trump said his old boss would have handled it better added we prevail, it was peace through strength. it was reg, as model, it was the model that we use for 4 years in the trumpet ministration. we put america 1st and we told people around the world, you cannot tread on us. the former president impeachment overcharges he withheld

nearly $400000000.00 and military aid to ukraine was not mentioned since 1974. the conservative political action conference has been home to die hard. conservative mostly foreign policy hawks that changed under president donald trump, who had a more non interventional is policy, and a notoriously close relationship with vladimir putin. that's why a lot of people here say the invasion of ukraine would not have happened under trump. i think that it would have been different because he had a better understanding of how to communicate with and let him understand that we as the united states are the lead, the world's leading power. and that we would not accept such bad actors that you'd prefer to have president trump dealing with it. yes. 100000 percent. because it's leadership. trump won't be here to put his own spin on it until late saturday. but reminders of the 45th president are everywhere here, where in the minds of many attendees, he is still president john henderson,

al jazeera orlando, florida, or russia's invasion of ukraine has also impact of the world of sport. and one of the more high profile examples football's champions league final has been moved from st. petersburg to paris. it has damaged the champions league. final is one of the biggest events on the global sporting calendar. hosting the match brings prestige and tourism among of the benefits. paris will now host the seasons. final of the st. petersburg was stripped of the honor by european footballs, governing body. you, eva. they've also decided russian and ukrainian club, and national teens ought to play home games at neutral venues. fifo, we'll have to decide whether or not russia's will come playoff in moscow next month against poland. will go ahead as planned, fif a, has already spoken out against the conflict. fever express his hope for a rapid cessation of hostilities and for peace

in ukraine. defer condemns as well. the use of force by russia, ukraine, and any type of violence to resolve conflicts. meanwhile, manchester united of cancel their 10 year sponsorship deal with russia's national airline aero flood. the airline had been united's official carriers since 2013, and the deal was thought to be worth more than $53000000.00. football is not the only sport taking action formula. one has cancelled this season's russian grand prix. the race was due to be held on september 25th in saatchi. if on drivers of backing the decision to boycott, russia, like everyone said, you know, innocent people losing their lives, you know people losing their homes and, and families and dont tough safe places to, to live in it's, it's not right booked at all. we can hope that everything gets resolved in the best

possible outcome and, and way that is, that is possible. and for now, i think is the right decision by form one not to go to russia. but ukraine has also been hit. the national basketball teams home match in kiev against spain has had to be postponed. russian tennis star andre rube live made clear his views on the matter after women do by on friday. but unless there is a swift into the conflict, more sporting events are likely to be postponed, cancelled or moved to neutral venues. peter semen al jazeera, ah, this is our da 0. these are the top stories. the sounds of explosions and air raid sirens are echoing across ki evers. russian troops in tanks crawl closer towards the city center. it grains president says he expects russian forces the storm, the capital overnight and in a fresh play is called in the public to defend. it is day. the bottom this night

will be more difficult than the last one. the cell to be in key in the south. the attention is on keith. we must not lose the capital. i would like to talk to our defenders. we need to pull together all the forces to defend our country. all of us have to understand what to expect. we must withstand the destiny of ukraine will be decided to not. russia has vetoed a un security council draft resolution that would have condemned its invasion of ukraine, the resolution, but have confirmed the sovereignty of ukraine and demanded that russia immediately, completely and unconditionally withdraw its forces rushes. ambassador accused members of the security council of stocking tensions gotten up, we can question grey narrows in crane has been flooded with weapons, weapons that were used to kill civilians and don bass. yes, you have made ukraine upon your geopolitical game with no concern whatsoever about

the interests of the ukrainian people. responsibility for what is transpiring, lies, not only with the ukrainian government, but it also lies at your feet. and your draft resolution is nothing but yet another route, all inhumane move on. this ukranian chessboard, several nations of the target and sanctions against the russian president and foreign minister canada as the latest country to an honest measures against me put in a level the european union is sanctioning all the members of parliament to back to the invasion of ukraine along with hosting and love while the us and as it will freeze the ration and pose a travel band. nato's sending thousands of troops by land, air, and sea to protect allies near russia and ukraine. secretary general jones told him berg has called the crisis. a new normal european secures. and mom's house, there was the headlines then use continues here on august here in about 25 minutes

time after counting the cost. goodbye. in a notorious waterside community. what kinda funks rule. one, theater director of inches to stage a play. they're called me miss is the ad to empower the women down that old man sitting right dead and i and redefined their status in society. missy, that night. julia's women walk on water. witness on al jazeera. i i hello, i'm money inside. this is counting the cost on al jazeera, your weekly look at the world of business and economics this week,

limping from one debt crisis to another argentina town. so the international monetary funk to restructure $44000000000.00 bailouts. bots, r i m f, loans, a financial rescue, or do they have nations in desperate need? also, this week the financial institutions accused of stealing the climate crisis. and the report says, banks have channeled $1.00 trillion dollars, the cold alone since 2019. so we'll lend us ever quit the industry and global warming is threatening the poles, drinking water security, the south asian country is known for its heavy rainfall, but precipitation is faltering. so how a pharmacy tackling the 1st for irrigation ah, argentina is latin. america's 3rd largest economy, but during the past 70 years and has endured one financial crisis off to another,

one of the may in problems is it's bored too much money to cover its own public spending. that's included loans from the international monetary fund, which it hasn't been able to pay back most of the time. but again, it's now looking to tango with the i m f. the government reached an initial agreement with the international monetary fund to refine us more than $40000000000.00 in debt last month. the deal aimed to revamp a $57000000000.00 loan deal, agreed back in 2018, which argentina cannot repay. and it would give the country at least 4 and a half years grace period before starting to pay back its debt. but the government would have to be slowly reducing its fiscal deficit and cutting the central banks, financing of the treasury. but many people in argentina oppose the deal. they say austerity measures imposed on the country by the i m f. have led to increased

poverty. inflation. is that over 50 percent? and many people can't afford to buy even basic goods. the central bank raised borrowing cost to 42.5 percent more than 2 weeks ago. it's 2nd rate hike this year in an attempt to bring down the cost of living. teresa book reports from when as aires. oh, it's a culinary hot spot in the central market of when a site is and people here pride themselves in cooking the best spanish or b as in the city. but with the countries inflation rate at 50 percent. but the seller lydia ileal says she has to make a next re for each month to keep the business going out of the not a sequel margin. tina is a disorganized country, but we learn to serve the situation. it's a constant challenge, the learning experience. our products are very good quality, i don't want to reduce quality. so what i do is try to sell as much as i can. so again, in quantity and don't have to increase the price as much. the government has been trying to regulate the rising prices with controls and other economic measures,

but it has not succeeded. inflation have been a problem for argentines, for decades, and that's why people are implement strategies to protect their income in this market. for example, waters need once a month to agree on the price of certain cuts and they promote those prices. in car boards like this one, the problem we're told is that this among the price of fif went up around 7 percent . so now they have to change this cardboard once again. jose luis hello, now only able to shop since epidemic beef consumption has dropped significantly and he's still trying to recover from the economic impact. boiler grammar is the beef culture in argentina is a huge with barbecues. every weekend, what we see is people not eating as much be flagged before, and they are eating pork and she can insert it, ah, inflation for it is the government to guarantee that salaries and pensions increase to keep up with a constant rising prices. protest like this one show,

it does not always work. argentine and international monetary fund, or in financial talks to negotiate more than 40000000000 in debt to target inflation. but economy say the fight to control rising price is won't bc for bike or argentina. there are several factors that have an impact on inflation. that's why it's so difficult to talk. lou on as there is an integral plan that attacks all those causes of inflation. it's like a monster with a 1000 heads. argentines have gotten used to living with inflation and many have found ways to survive it, but it's a vicious cycle that has heard the countries chances of achieving long lasting economic growth. that he said, well, i'll defeat when a site is to discuss all of this on join now by humana, blanca research director and head of america's risk insights at various maple cross . she joined me from analisia in spain. thank you so much for your time. now. the

principal job of the i m f is to bail out indebted nations. so why are so many people in argentina against the i m f? well, i mean, i think we need to take a historical perspective for that right? argentina nearing to dust and agreements with the i m f and the country is still stuck in, you know, cycles of boom and boss. so there's a lot of concerned, you know, lack of trust that an agreement with the i m f a will actually deliver the results it's expected to deliver. now interestingly, the most recent polls show that a small majority of people, so just over 50 percent actually want to reach an agreement. the question comes about what's in the detail of that agreement. and that's where people. busy are a bit more concerned. okay, we'll talk about the diesel in, in a sec. but what's interesting is the m. f itself has criticized the deal and made with argentina back in 2018 when christine, the god was the head of that body. what does that tell us? well, i mean, let's just put it this way, right?

this is the largest lending facility that the m f has extended to a country, right? argentina loan. and so it's not only argentina's problem, it's about, you know, the i m s, credibility and about the credibility of it's due diligence and how we decided to land. and of course, there's been a lot of criticism about political interest at the time, right. and i, so i think the i m s own criticism. all it's itself, criticism has to do with that, right? recognizing that it also had a duty to make sure it was lending to a country that would be able to pay it back eventually. so in lysis or all that, what do you make of this current? re negotiate to deal with the i m f? is it going to be more palatable to argentinians? well, i mean, this is the problem, right? we don't really have the details quite yet. and what we have seen so far means that pain is on the way. the reality is that pain will be on the way for the argentine

economy regardless of what happens. an agreement with the i m f could be less painful than the alternative of having no agreement and going into a default in march, which is the alternative that argentina was looking at, right? because that would actually mean a currency crisis. you know, it would mean also higher inflation, which the country is already breaking, you know, records on. and it would also mean that the economy would go back into a contraction, right? instead of growth. so the agreement with the i, m f is, is needed, right. and politically, in the country, it is very controversial. and so the pay the past will be painful. the question now is, what degree of pain will argentina have to undergo over the coming years? and is it able to cope with that pain, socially and politically? much at the country's debt burden is inherited from the previous government is argentina's problem political?

well, i think argentina's problem is structural right? because that, that is inherited from the previous government which took out that to pay, that inherited from the government. the for that. and we can make that change going back to the 19 seventy's and the last military dictatorship, right? so the main problem for the country is that it, it implements government policies and not state policies, right? and so structurally, when there's a change in government, there tends to be a sudden change in regulations, in rules and policies. and we don't see like we see in other countries in latin america, particularly you know, other emerging markets in america that have overcome that challenge over the past 2 decades. and have decided that certain economic principles are state policies and do not change overnight when there is an election. right. so i think argentina now has yet again, the challenge of overcoming the swings and policy that characterize the country.

and if it doesn't do it, then we will probably be talking again in about 2 or 3 years time about the time restructure with the private bondholders. so fundamentally what you're saying is argentina is in a financial black hole and has been for a long time and it doesn't look like boring from the i mass is helping solve is problems long term. so what is the real fix? well, the real fix would be, for example, if, if i put it in the terms of a family right, argentina spends more than it makes. right. and it does that every year. one of the 1st things that we'll need to do is actually start living to its means, right? and to do that, cutting energy subsidies will be the top priority. because 90 percent of the countries fiscal deficits stems from the government actually subsidizing energy. and this is, you know, it's quite interesting because argentina sitting on one of the world's largest gas

reserves, yet this year it's important gas during the summer months. mind you were currently in the summer in the southern hemisphere, their inputs and gas to be able to generate energy for industry. so come winter and you have a larger deficit in gas that you're importing. more in, this is draining hard currency. these are the structural things that aren't intended to resolve and resolve them for good, right? and this is not going to be easy, it's going to be painful and it's going to be a regulatory challenge that the administration will have to overcome during the current year. and do you think the current administration is up to it? well, i think that coalition has a very, a very difficult situation at the moment, right? there's infighting within the collision. so a president fernandez wants to deliver an agreement because the alternative is dire for his administration and his potential reelection bid. but he vice president christine, occasionally it's

a fraction of the condition that is out of man's and to say publicly that this is of any deal with the i. m. f is a bad deal and that they're not willing to cut on energy subsidies at the rate that the country needs. and that they would like to be able to continue spending on social programs by expanding the monetary base. that's just simply not sustainable . so i'd expect that at some point this year, latest of the meaning of 2023, we will see a breakup of the current ruling coalition in argentina ahead of next year's general election. so what happens now to the current deal on the table with the m f, will it just go through as it is and, and does it matter that the i math has thought to bad reputation with the people of argentina? well, i think there's 2 parts to that, right? first, that needs to go to congress and there it is likely to go through. but as i said, not without significant tensions within the ruling clinician,

i'm with the opposition saying that, you know, they're open to look into the details of the agreement and supporting a sustainable agreement so long as it is supported by the entire ruling coalition. and this is the key factor, because no matter what happens with this deal, this isn't a re payment plan that is going to be resolved in the next 2 years. so whoever is the next government, be it the current correlation or the opposition. they will need to be in agreement that they will maintain the terms of this agreement. the 2nd part is, you know, the, the, the country is already experiencing a slow down of the economic recovery. argentina's economy is not going to recover to prevent that make levels until the latter part of this decade, if it reaches pre pandemic levels, then the countries looking at 2 last decades back to back at the moment. so for people, you know, the i m f agreement, it's more of a theoretical debate. it has to do a lot with purchasing power, how inflation is hitting them. and that will be the key challenge for the

government. jimenez blanco, research direct and had if america's risk insights of various maple crop. thank you so much for your time. thank you. ah, coal is still considered the worst alita of all fossil fuels and getting rid of it is crucial to combating global warming and climate change. but money speaks louder than words and a new study by $28.00 non governmental agencies found that major banks pouring vast sums of money into the coal industry is the 1st update since the cold $26.00 climate conference was held in glasgow last year. oak of alden reclaimed finance alongside author and geo say financial institutions channelled walden, $1.00 trillion dollars to the coal industry between january of 2019 and of them. but of 2021. more than 80 percent of the funding came from 6 countries, only. they are the us, china, japan, india, canada,

and the united kingdom. barclays and city group are among the top 10 highest lenders to over 1000 firms involved in the coal supply chain. bank of china, bank of america and japanese firms took all the top 3 spots. the india is also say only 12 banks accounted for almost half of the total, $363000000000.00 in loans to the call industry in the same period. now 10 of the so called dessie doesn't lenders are members of the u ends. net 0 banking alliance and industry lead initiative committed to aligning their portfolios with net 0 emissions by 2050. and the report says, underwriting now accounts for the biggest share of funding for coal clients. the process raises investment or capital companies by issuing bonds or shares on their behalf and selling them to investors. the engineers also blame investors for

keeping fossil fuel projects afloat. they say at least $5000.00 companies own combine holdings of more than $1.00 trillion dollars in the coal industry campaign to say there were such should be considered a benchmark to assess the promises made at cop 26 major coal dependent nations. pledge that the u. n. talks for the 1st time to phase down on coal fired power generations and inefficient subsidies for fossil fuels. the amendment of the pat terminology to face down rather than face out has raised concerns amongst campaigners it would create a loophole to delay climate action. but it's not just cold receiving lots of cash. europe's biggest banks of pumping money into new oil and gas production. despite those pledges to reduce emissions analysis by the campaign group share actions show . the $25.00 banks have provided more than $33000000000.00 in loans and all the

financing to at least 50 companies. hsbc, put almost $9000000000.00 into new oil and gas in 2021. while barclays put in at least 4 and a half $1000000000.00, deutsche bank loans almost $6000000000.00. the fossil fuel johns receiving the funding included exxon mobiles shall be pay and saudi romco. while the banks have insisted they all committed to working with their customers to achieve a transition towards low carbon economy. why all giant exxon mobil has said that the international energy agency and the u. n's inter governmental panel on climate change agree that significant investments in oil and gas is still needed through to 2050, even in a net 0. scenario. net 0, of course, refers to stay in which the greenhouse gases going into the atmosphere are balanced by the removal out of the atmosphere. let's discuss this further with the market

strategist and former economist at city. great. mark fulton, who's also the chair of the research council of the carbon tracker and founding partner of energy transition advises. he joins us from new south wales in australia . thank you for your time, sir. who are the biggest finance is when it comes to investment in coal and other carbon intensive fossil fuels. but essentially, i think if we take cole, i think it's important to step up a level and look at the countries involved. and it's a very good piece of work by the global energy monitor gem that points out that really it's the chinese lead the financing world, followed by the u. s. in fact, is important source of financing, followed by japan, south korea, india, and indeed russia is on the list. i don't tell on bell loan, stay on the list. but essentially, those countries are the source countries, china being very critical to that. and i think again,

if you look even higher up behind that, why is that? where is, where are the planned? coal fired stations still coming? so if we look at what's planned out there and pre constructions, they call it was about $280.00 gigawatts of coal and still planned. and that's on a base of 2100. so it's 10 percent in existing colfey that's, that's a lot. said this, is that this way to, sorry to interrupt you said this is cole plants waiting to be financed? does that mean an increase in funding? well, as i say, what it is is co plan side of the plan. pre permits it or permits it. they're called and essentially some of those are way before finding financing. a lot of them will get, we'll get canceled in our view because they just don't make sense. um, but summer, sinking financing at the moment for sure and no different stages of that. but i think again, within the financing, i mentioned those countries, it's important to realize that 70 percent of financing comes from government based

entities. and state banks are very significant, particularly in asia and particularly in china. so while it's right to concentrate on potentially funding coming from the private sector and finance markets, you've got to remember a lot of this is coming from governments themselves and they are cross funding. now, very important announcement came from china, or the court, where they said they would get out of fan outs in coal stations outside of china. that is considered significant and could not 40 gigawatts of that 280 number. so we'll have to wait and see how it plays out. but that's a useful announcement. one of the arguments we often hear is that investment in fossil fuels is still needed, and tail countries make that transition air to something a bit healthier. is that true? well, i mean, i think it depends on your so called scenario. so don't get too technical, but there are. so we're talking now let's wide net, b on cold, well,

and gas as well, all fossil fuels. and let's talk about the, the, the major sort of push in the world, which is to get to a 1.5, a c outcome in by earn. and that means net 0 by 2050. and that's the big focus. and people want to get there in quite a hurry, so they want to look at these scenarios which essentially mean, if you want to do that, no new coal fired stations at all from today finish, or that to under 80 as to disappear. and no, in fact, no orland gas exploration, you need to sort of throttle that back immediate. now that is the $1.00. i worked with a group that is commissioned by the u. n. p r i. and we look at something called inevitable policy response. and we look at for costing what we think might happen as well as what would be required to get to $1.00. and we think we to, for cost say something like $1.00, which is what the cost might be might be out from the cop might have been. and we'd

forecast that before the call. and in that, when it's a start throttling back on coal, certainly no new coal from 2025 onwards is very small window. and we would be say, be very careful how much you do. and then on oil and gas, the final window here is orland, gas, oil demand takes, we think in the next 2 to 3 years and following that is going to rapidly run all. so there's not a lots of room even on this or not on the so stringent $1.00 outcomes. even at $1.00, there's not much room for new investment in oil and gas the saw, but not a lot. very interesting to get your thoughts, mark fulton chaff, the research council, the carbon tracker and founding partner energy transition, advisors. thank you for your time. thank you. water gas. the in the paul is just one example of how the climate crisis could pose an existential threat. the south asian nation has one of the heaviest rainfall in the world along the dry spells the,

causing a serious drinking water shortage. well, now farm is coming up with simple bob, effective ways to harvest the rain during monsoon season. st. louis has more from central nepal. nepal is always been one of the rainiest countries in the world, giving it lush, green, rolling foothills, the hallmark of the himalayas. it's certainly not the kind of place you might think is suffering a water security crisis. adiana i did, he used to be a lawyer, indian city long beautician danville. now what is happening? high interest. he didn't want in sanderson that will not go inside that on that his goal rule is a i don't know that miss. you have leslie studies on groundwater. it only rains for part of the year and the pulse terrain can turn baron quickly. but just outside cut mun, do routinely ranked is one of the most polluted cities in the world is a regeneration success story. this thriving forest wasn't here 2 decades ago. now

scientists use it to study how best to collect and keep the most basic element with rain collection systems like this one tank can hold enough water for a family of 5 for up to a month. and ponts cut into the sides of steep hills, have the power to bring dry wells back to life in rural villages, applying these designs is saving farms and lives. at 1st glance, it looks like any other hillside in this part of nepal. but what's happening here is local farming communities using simple methods to solve a complex environmental problem. earthquakes and man made roads change the way rain moves down hill at the mouth of this underground. well, cornum on lama explains how changes to terrain stop the flow of groundwater and left this life, giving natural spring totally dry in rural nepal. wells like this are the primary

source of water for drinking and domestic use. building terrorist ponds to collect and carefully piped the water to both crops and holmes has saved villagers from uprooting their entire lives. yeah, but any lab will way i'm lead and there was no walter here. it'll be shipped to go very far. a look for other water source is much for the of a run, but we are cappy devota started to come here again. the water is collecting slowly and gradually reviving kill and i live in scientists and farmers in the policy. the world around them is changing faster than it has to, but roads can't be on built, and there is no taking back the weather, altering greenhouse gases in the air. so all they can do now is their best to adapt to their altered ecosystem. zane bas ravi ultra 0, but couldn't the bessie nipple. and that is are so for this week, but i want to know what you think and what you want to see on the side tweet. oh, dear me, molly, inside and if you're tweeting them, please use the hash tag

a j. c. c, or if emails, maria, thank counting. the cost out is era dot net is our address. unless lot smoother you online al jazeera dot com slash seat and see that will take you straight to our page, which has individual reports linked an entire episode scene to catch up on that. is that for the sedition off counting the cost? i'm money inside the whole team. thanks for joining us. denise. on out to sarah is me. ah, with a hand is on journalist working in asia and africa. that'd be days where i'd be

shooting and editing my iron stories in a refugee camp with no electricity. and right now we're confronting some of the greatest challenges that humanities ever faced. and i really believe that the only way we can do that is with compassion and generosity and compromise. because that's the only way we can try to solve any of these problems is together. that's why are so important. we make those connections blue, explosions, reverberates across, give, as russian troops push ahead towards ukraine's capital. aah! i know about this, and this is all just live from doha, also coming up ukraine's president. i was just the residence to take up arms warning. russian troops may storm give and the coming hours russian veto has

a un security council resolution deploying aggression in ukraine. china abstained from.