they're going to force liquidation from all exchanges and they're just going to panic. and that didn't happen. many others agree with rock of and say the taxes are too high and could push investors and businesses into moving the assets to countries with more favorable tax laws. but they also agree they're better than an outright ban. elizabeth moran and al jazeera new delhi ah. type a quick check on the top stories here, disturbing footage has emerged from the ukranian town of boots and the keys. it shows bodies dressed in civilian clothing strewn in the street after russian forces withdrew. ukraine says its forces now retaken the entire region. more now from rubber bride in viv. according to the man of this town on a tale, federal oak, he, we have spoken to him. agencies have also spoken to him. he is claiming that this

has been a deliberate targeting by russian soldiers, basically a massacre of civilians in his town. boucher is one of the satellite towns that sits to the northwest of key that actually sits between it a pin and also hostile mall. that's the location of an app, vague at an important airport. and it was, it has seen some of the fierce is fighting, has been very close to the front lines of all of the fighting over the past few weeks. it is basically being under russian occupation for the best part of a month. and according to the man, these towns folk were actually trying to escape to ukrainian held territory. when, according to him, they were simply gone down. they were trying to escape from a russian shelling. he says, ukrainian president, believe me, as the lensky says, russian soldiers are deliberately mining houses and even bodies. they withdraw from some areas. authority say more than $1500.00 explosive devices were found during a search in a village west of a capital case. russia's defense ministry has accused the international committee

of the red cross of what it calls destructive actions. name mary, a poll. the agency is trying to reach the besieged port city to evacuate residence . more than 3000000 people have now fled ukraine, about the same number, internally displaced many and now sleeping in makeshift, accommodation, and border areas, which are far away from the fighting. there's been an explosion and as a, by john's capital back to these pictures appear to show the aftermath the blast and a busy street initial reports. it happened at a night club and a 2 month truth between the warring sides in yemen has come into effect the saudi coalition, and who the rebels are stopping their military offensive inside yemen and across its borders. also agreed to allow fewer shipments into her date of port and let commercial flights operate from the capital center. so those are the headlines. the news continues here on out to 0 after counting the cost statement and so much bye for now. as the warn you crying groins on al jazeera correspondence,

bring you every angle. there is a developer in prices rupturing on multiple from if not only manage this case along with also the harshness of life on the russian occupation or street. totally destroy, keep central station has become evacuations, anticipate with rush and forth coming closer. tensions are going up by the hour. stay with al jazeera, for the latest developments with co am fully back to bo. this is counting the cost on al jazeera. you look at the world of business and economics this week, europe threatened with gas shortages and looks for alternatives to supplies from russia. can african nations fail the energy gap?

also this week, as the war in ukraine rattles the global economy? could it lead to a change in the order of the financial world and what's the impact on nations worldwide, both rich and poor, and breaking through so called wold gardens. the european union agrees to curve the dominance of technology companies. but will the new regulations allow fair competition on the internet? and can they set a global standards? ah, thank you for joining as the war in ukraine is squeezing russian gas supplies to europe. you countries want to reduce their dependence on moscow and are pulling out all the stops to find out, turn it if supplies. africa has a wealth of natural gas reserves and could feel the gap. many european countries are exploring whether the continent could be part of the energy solution they desperately needs. many african countries are eyeing the opportunity and expressed their interest in increasing supplies to europe. europe imported about a 100,

a 1000000000 cubic meters of ellen g from africa in 2019 over 12000000000 of which came from nigeria. the nation has recently approved a roadmap to construct a multi 1000000000 trans saharan gas pipeline known as an ego. the project will run through any share and algeria and connects to europe's existing network. now, pipelines that transport gas from africa to europe are mainly located in north africa. the my grip europe, gas pipeline. in algeria transfers natural gas to spain and portugal through morocco, but supplies have been disrupted because of political tension between algiers and robot. the u. s. secretary of state is sought to have discussed the reopening of the pipeline during his recent visit to both countries. the meg does pipeline length, algeria directly to spain. the african nation is estimated to have exported 255000000 cubic meters of gas to spain. in 2020 the transmitter pipeline connects algeria to

italy. through tunisia, algeria is italy, 2nd largest gas, ex water after russia. the green stream submarine pipelines run from western libya to the island of sicily in italy. but that makes up just 2.5 percent of overall italian daily demand. now the shift in global energy markets raises questions about how countries can meet their climate goals. while europe says it wants to cut greenhouse gas emissions by at least 55 percent by 2030 and make the transition to green energy alternatives. that to this have push for a whole to african gas investments and effort that force foreign companies to rethink their operations on the continent. while to find out more about africa, gas potential am now joined by kohler kareem, the group managing director of shoreline energy international and an african energy chamber advisory board member. he joins us from london. mister green,

thank you very much for being with us on counting the cost. many african countries have expressed interest in increasing gas supplies to europe. but do they have the capacity to do this? dig, do have by way of reserves of if you look at country like nigeria was 220 c s, or natural gas users, you looked in bosom with over 100. she's here much is that she served. so is established of the reserves. there was more important is the capital key built the easiest structure to actually fill and reach out there. and that's what's missing today. so it's a difficult one because we do capitalization, capitol, east servers. and after this all the last one to. ready for her huge capital is going to look at the center destructor. so missing middle is character is required to bridge that gap, but the reserves are there because of the potentials all this african countries as long. so this infrastructure challenge challenge as you say,

and then the funding of course are so where will it come from. ringback that the true position is this right now. i think this, the shifting policy from what has happened between russia, ukraine is actually pointing capital. and serious investors will now be forced to look for turnitin wilderness lenses. were answered by the u. e. u, cutting natural gas in wars and an oil in was from russia, looking for alternative horses and africa. hopefully she did a nachos choice. global capital should be coming from that market. right. so then how quickly do you expect that the gas is time flowing north after years of under investment? it is also difficult. why did these gas flowing already from oh, dear, the potential hooker ish that so sahara gas, which is looking at booking, i do are up connected that all jerry with potentials of more export into europe.

right. another of these 30000000000 cubic meter. but the true thing is how long. ready is it going to take to build that infrastructure and as the elephant in the room? and then i was going to ask you about that. that transparent pipeline, the share nigeria and algeria had said they've agreed a road map. but is this just a pipe dream do you thing how challenging is it going to be to get this project going either to the true position is the it's don't to be challenging because of the recent security problem with adding the sale now. but the true thing if with commitments and the 0 for the u. p. s, looking forward to that source is the reality is assured, we're talking about searching to $15000000000.00 of capital to be spent on this project. that's a lot of money, but it's not insurmountable, captain a cannot be found because the european buyers the european market and now was looking for tentative source of energy. an african naturally by proximity of,

of distance is the natural choice. yeah, he talked about the security concerns in they have been security concerns over the years, especially in a country like nigeria, for example, which has struggled with armed globes and also disagreement over there that share the fair distribution of the oil wealth. do you think those security concerns have been addressed to allow this project to go ahead? the security concerns as it pertains to lie junior and this is an ongoing issue that will exist on a daily basis. it is not going to be an easy task, right? the biggest problem has been poverty. if you look at all the trouble spots in south africa, the biggest problem is of the d e r p and the people in this area is a prosperous, i'm sure we'll see far, reduce incursions and problems. so as in governments are focusing on,

we did try to address it is not going to be an easy task, but the focus is trying to get something done, right. there's the poverty issue and then there are the politics. also, we saw the u. s. secretary of state antony, blank and travel to algeria and morocco this week. and there's a question of course, of opening up the gas pipeline from algeria to europe via morocco, which had been shut down last year after algeria suspended ties with morocco because of the issue of, of western sahara. how, you know, how do you see that going forward is, is that a shoe likely to be result? can the us, how bring these 2 countries together? either to position or of what we see algio global politics is when the western nations have a problem. they always try and always find a way in getting things resolved. so you will see that situation in between morocco anal jerry a will resolve itself. busy because of it necessitates flow of gas into the

european market to elevate the potential problems we're seeing today. russia explored over 300000000 cubic meters a day into europe, india. that's about 150000000000 cubic meters a year. a huge is an example. the largest economy in europe, germany last 55 percent of the glass in wars. if you disrupt your dish, locked in the economy of the strongest european nations, it is not going to be an easy task. and emergency position is what has been put in place in finding adequate replacement to support if there's going to be a shift. but right now the focus in policy that. ready pronounced is, will duction, importation from russia and that gap the gap, but they did have that with it. thank you so much. very interesting to talk to you about this call a korean managing director of shoreline energy international. thank you for being

on counting the cost. thank you. and ukraine's president has asked katara and other gas which nations to produce more to counter what he called the rush and threat to use energy as a weapon. voting me as a landscape, made the plea here in toe high while speaking to leaders at the doe have for him. for lensky also warned that no country is immune to the impact of the russian invasion of his country sizing the hiking food prices. russia is the world's largest exporter of wheat, and ukraine is the 5th largest, but the global destruction to noble supplies goes beyond oil and grains. the flow of many metals is also at risk. so should the world be worried about the impact of economic deprivation that could be caused by the war and ukraine on my colleague nick clock put this and other question to kelly kraft. the former us permanent representative to the united nations. he spoke to her at the da half or you know, i think we're in the united states,

they're saying that what happens in vegas states and vegas and that is no longer that the case. what happens in ukraine affects the entire world. and that's why we are here at the doe, how for me, the entire, the topic has really been around ukraine, russia. and i look at this and away from a security council standpoint. and from a general assembly standpoint, in the fact that within the security council we have seen russia be able to veto their own punishment, their own reprimand. but then you have the general assembly. and i think that's really shown a spotlight on the fact that every country has there has a equal vote. there are no vetoes, but it also allowed us to see the african countries and who abstained who vote the one that voted with russia. and it kind of shows us that there are winners and losers if you think about it with russia, with, with the, especially with the way that russia has gone into several of the countries in

africa with gold, with their wagner group, you know, protecting the gold mines with the fact that they're looking at the rare minerals and congo or diamonds. and so you can see the winners and losers. you can see some of these countries within africa whose leadership are really very short sighted and they're looking at short term gain instead of long term gain and building up their country. because this is a country of the continent of the most of the most use of the youngest. right. and we're losing our focus on building up future generations. because it is those countries that will be deeply affected because they're knock on effect, the commodity price, right? sample and the price of food that's going to have a huge issue in places like yemen and across the continent across the continent of africa. well, and you look in just from the previous panel, you look at the yemen, and it's unfortunate that where all focused on ukraine, russia, but yet we still, we do have the, the, one of the world's worst famine in yemen. and yemen is directly affected because it,

with the world food program and all of the different humanitarian resources, wheat being the main commodity there. so we're seeing that not only affect the continent of africa, but we're seeing that in yemen. also. you credit to call me is also taking a severe hit. how can, how could, in the meantime, while the conflict is going on. and what about moving forward is things perhaps settled down some point in the coming months. what help will be provided to ukraine? you know, if you look at the, the industries or, or just the, the agricultural business in ukraine and for that matter, the russian farmers that were fed disinformation, most of them don't even know what's really occurred. so we really, we need to be building up. now we need to be helping the agricultural industry and ukraine. the industries that really had the most exports, because that's where they're going to need to rebuild their country is starting with the basics. just the basic needs. what you're going to be there, their export market, right. there has been this talk of

a kind of collective effort to deal with situations like this, this freedom fund. what do you make of that as, as a, as a way for to, to try and deal with these kind of situation. i think the freedom fund is very important, but we need to remember, we need to be able to utilize the people with in ukraine. we need to be able to build up their economy by also giving these very people the job to rebuild when this fund is activated. it has been, is this great collective effort to put sanctions on russia? do you think we've gone far enough? in my personal opinion, in the security council, whenever we spoke about sanctions, they didn't mean the thing to russia. and if you look at the way our currency is today with our crypt, currency and other forms of currency, the dollar is not that powerful. so sanctions really being placed on russia they're, you know, they're no longer asking for us dollars because they can work around. there's lots

of loopholes. we need to figure out the loopholes and look at that area. that's how we're going to have these sanctions that work. the problem is because there's no way of putting that the screws on rush on on putin and without implicating and having a serious effect on the global economy. how do you get around that? we needed to be building up our economy. if you want to look at the united states and the administration that i served candidate trump at the point at that time talked about the importance of building up our industry within our country. because of china. and then when he was president trump, he acted upon that we need to continue work, speak about china for 2nd. we need to continue to build up our country so that we're not dependent. you know, here we are now energy dependent. when we were energy independent, we were producing our oil. we had, you know, keystone pipeline. instead we immediately relieve sanctions on gas problem on the

pipeline in germany. why would we do that when we can be energy independent, our own country? let's just hope that next year that we're all not sitting here and we're not discussing china taiwan. now, giant technology companies are not only getting bigger, they've already eclipse major oil firms. they've also made a huge earnings, an idea of just how lucrative their business is. apple's profit alone for the past year was more than the yearly profit of 8 major companies combined, and they include disney and mcdonalds, but just a handful of tech companies are dominating the market. well now the european union aimed to curve their power by agreeing far reaching roles that could allow smaller companies to flores. generally do i said it appeared some have said it, it was a bit like the wild west or that it was a bit in their hands. and who do we ever gain power because we are political authorities than what we said to them. of course, you're welcome in this space that represents the digital internal market for these

are our rules, resemble we're landlord. the legislation is the ease biggest overhaul of laws governing big tech operations in more than 2 decades. it requires platforms to open up access to their spaces, to 3rd parties or other businesses. this means uses of the whatsapp messaging service. for example, could text a friend using a different service and a giant wouldn't be allowed to rank their own products or services higher than those of others in search results. software or apps such as web browsers can't be installed by default, and companies won't be able to combine, uses personal data from different platforms for targeted ads. unless explicit consent is given. among many other roles, repeat violations of the regulation could result in fines of up to 20 percent of a company's global annual revenue. and companies could be temporarily banned from conducting mergers and acquisitions. the digital market act will apply to what the

e u calls gatekeepers. those are companies where the market value of more than $83000000000.00 and with at least $45000000.00 monthly uses or $10000.00 business uses in the you. the firms mice also have a core platform service like a social media, a search engine provider, or an app store. the group includes alphabet the owner of google, youtube, amazon, apple, microsoft, and mehta. the apple has raised concerns about privacy and security vulnerabilities, voids users. while google said some parts of the rules could affect innovation, the digital market act came hours before the u. s. and the you agreed, a provisional deal on cross border data transfers present. joe biden says the pact would facilitate more than 7 trillion dollars in economic relationships with the e. u. while to discuss all this, i am now joined from a st. galen university in switzerland by simon f. net. his a professor of international trade, an economic development at st. galen university and is also an expert in

competition law. thank you very much, miss avenue for being with us on counting the cost. so what do you make of this? these new rules will they insure fair competition and more choice for uses. these rules will certainly shift the competitive landscape in favor of the smaller, medium sized firms away from the big digital behemoths. whether this translates into much benefit for cost, consumers would have been critically or whether they're small or medium sized firms . use that competitive space to introduce new innovative services are witcher or in expand choice and deliver benefits. i think that's the key question, right? and so a key aim of the reform is to prevent tech giants are from abusing their market position to harm smaller rivals. but what will this mean for those big tech giants? how will it affect their business model and, and will it mean less profits for them? or the big tractor joins differ considerably in their business models. this

legislation's been written in a way to target 8 different types of digital activity, commercial activity. and in each of them, it's pretty clear that the implementation of this, if it's faithfully implemented, is likely to reduce the profitability of the bigger bigger players. there is a lot a number of constraints that, that they will be under. for example, if operators of platforms will not be able to force sellers on those platforms to have to use their financial payment systems. so these types of restrictions are going to be put in place and will widen choice for buyers and for sellers at the expense of the big players that concerns that the last target american companies and fairly and that it could affect jobs in the u. s. do you think those concerns are justified? i think the, the, the rules have been written in a way that if, if a firm could becomes larger than certain specified limits, then there they fall within the reach. but it should be said that there are chinese

firms as well as american firms, which will become so called gatekeepers under these laws and be subject to these tough disciplines. so i don't necessarily see it as being in hair automatically, anti american firms. but the truth, the truth is, most of the most successful. what companies in western markets in the digital space are american. so any large company which has been success will, is likely to get wrapped into these roles and many of them are american. so you can understand where the criticism comes from, right. and so what will be the challenges implementing these new or says new measures to see companies trying to diminish the laws in passing in the courts. for example, the companies will have many options in terms of how they react to this particular legislation. $11.00 option will be to challenge whether or not a company's designated as a gatekeeper, which is what you need to be designated to fall under the provisions in this

particular law. so the 1st thing the giants will do, i think will be to contest whether they're designated as gatekeepers. and then if the european commission comes after them subsequently with enforcement actions, those will get contested as well. so i think guess the lawyers will be very busy. yeah, are they concerns about privacy and innovation or as some tech firms have suggested? so the big tech firms have suggested that innovation could be diminished and, and there are the, the argument, i think they have some merit and saying this li, european commissioners, a conceited that point. but the counter argument is that the additional innovation from the small medium sized firms will cat will offer benefits to consumers. so that's the trade off, which is being taken there on privacy. please note, and it's important for your viewers to know this, that privacy is not the subject of this legislation. ok, privacy will be the subject of another piece of legislation. the european commission is going to bring forward. okay, interesting that you, you mentioned that now we talked about uses briefly a how are they going to be affected but also not just uses the advertises. how are

they going to be impacted by, by these new laws? what uses will probably have more choice in terms of different services being offered on platforms. so that will be a step forward, but the advertises, i think they're the messages mixed. the good news for them is that they will be able to get much more information about the effectiveness of their advertising out of the big digital firms. the bad news is that to the extent that am that these platforms become less attractive because other firms are rising up and competing against them. then you may end up getting reaching fewer consumers over the advertisers. i think the message or the outcome is likely to be mixed. ok. now this is the ease largest overhaul of laws governing at the way tag giants operate. do you think it's immense? europe's a leadership role. he has animals assertive regulator of big tech and d. c. this being adopted globally. so there's 2 things there. first, the

e u has taken the lead on digital regulation, but so has china in terms of its own domestic market. it's not clear to me who wins that horse race, but both of them have demonstrated that they have a lot of teeth and they're willing to use it. the 2nd or the the 2nd point. sorry, please room. what was you will see? is it going to be a dancer globally you think? ah, yeah, absolutely, thank you for them. yes, the brussels effect will probably apply that's, that's the effect whereby brussels moves and other countries copy. i think we will see some emulation of this. and possibly even in the united states as well. thank you so much for talking to us about this simon f. net, professor trade and economic development at st. gannon university. thank you very much for being with us on counting the cost. thank you. thank you very much. and that is our show for this, we get in touch with us my tweeting me at, followed by a j e. and to use the hash tag, ha, ctc. when you do or drop us an email,

counting the cost that punches era dot net h, i address that is more for you online at al jazeera dot com slash seat and see that will take you straight to our page, which has individual reports, links an entire episode for you to catch up on that's it for this edition of counting the cost. i'm fully back to bo, from the whole team here in doha. thank you for watching news on al jazeera is next on the bombardment of the missile and see it on the road. al jazeera ukrainians, determined to stay. you will not surrender just like to fight, don't you shoot. i had a training 2 days ago. the show me how that works and to defend the barricades and you documentary shows the ukrainian witnesses tool from the front lines dispatch and defiance voices from ukraine on al jazeera emmett, the ongoing brain,

russia with some neighboring countries in a rush attack on that soil. do you take that as a serious possibility of, of russia? i think there is serious possibility and an option that says this person would like to do it out in the deputy foreign minister about job loans. he talks, challenges, era. ah ah ah ah ah,

wherever you go in the world, well my line goes to make it for you. exceptional katara always going places to get ah, streets littered with dead bodies, the grim aftermath of a russian retreat. ukrainian city, a future. ah, i'm darn jordan. this is on to 0, live from de, also coming up off escaping the fighting in cities across ukraine. some 300000, internally displaced a stuck in limbo on the western border. hopes that a 2 month truce will hole in yemen, a potential turning point to the 7.