asked her, said ojo 0 producer ali also moody was also wounded. the latest casualties of israeli attacks on journalists that seem to go on with impunity in basra. v altura aimen were her dean as a former colleague of shootings and a former al jazeera correspondent. now with m. s and b c, he says there must be international accountability whenever and wherever a journalist is killed, journalism is not a crime. and whether you are a journalist to dive in mexico or a journalist who dies in ukraine or a journalist who dies in the occupy palestinian territory. the international community, international governments, international organizations have to condemn the killing of journalists unequivocally, and they have to speak with one clear moral voice. you cannot treat journalists differently depending on which conflicts they cover and try to both sides every situation, so that you are the escape. the reality is on the ground. and it's very important that we remind ourselves in journalists, remind their viewers and their,

and their readers, that as the report on these conflicts, the do so with a tremendous amount of danger to their own personal safety. but they understand that, and we must on the other side of it, as people who consumed the news, read the news, watch the news, respect the profession, and make sure that we go out of our way to, to, to not just understand what they're reporting. but to make sure anybody who hurts a journalist killed a journalist is held accountable to the full extent of the law. we cannot have double standards. we treat the killing of journalists, or, you know, the torture of journalists, or the detention of journals differently depending on who the perpetrator is. if they're a close proximity to us or not as, as western government, not long before her death should in spoke in her own words about what being a journalist meant to her. a

city deal with a shooting. ah, on may 15th 11, i will hold its 1st parliamentary elections since the country with economic

collapse in 2019 political and security pensions are running high with many lebanese desperately wanting change for and new leadership. but will there be enough to change the status quo special coverage on l z? a . although i'm adrian again. this is counting the cost on how to 0 your. we can look at the world of business and economics this week. the stakes arising at the bank level russian energy, polluted turns off, the gas tops and the e. you propose as a panel moscow's oil imports by the end of the year. but what will the energy will cost also this week? russia's rubel hits a 2 year hype. and it's so cold, fortress economy is believed to be holding up so far, but has moscow really, whether the worst of sanctions,

netflix loses subscribers for the 1st time in the decade. and cnn plus shots down its platform just a month after launch. how viewers had enough that is the whole streaming industry at risk. ah, washers president vladimir putin is making good on his threat to turn off the supply of natural gas to europe. supplies to bulgaria and poland have been halted after they refuse to pay for gas in roubles. other european countries may also be cut off within weeks if they to reject russia's demand, the e as dismissed. the movers blackmail that is under pressure to cut the cord on russian energy. the block has proposed a complete ban on all washing oil imports. by the end of the year. we will make sure that we phase out russian oil in an orderly fashion. so in a way that allows us and our partners to secure alternative supply routes and at the same time, be very careful that we minimize the impact on the global market. with all these

steps, we are depriving the russian economy from its ability to diversify and to modernize who teen wanted to wipe out ukraine from the map. and he will clearly not succeed, but natural gas has yet to be targeted with sanctions. russia demanded the european companies pay for gas in euro's to gas, prong bank, which would then convert them into roubles in a secondary account. the e rejected the ultimate him saying that it violates sanctions, but several european firms had reportedly opened accounts, outcast prom bank, to meet russia's payment demand, poland, and bulgaria, which refused to pay an rouble say that they could cope without russian gas. sophia says that it's made alternative arrangements while warsaw insists that it's energy supplies are secure. however, other countries could be hit hard if russia cut supplies. germany's gas storage

facilities are only $33.00 and a half percent full. italy's at 35 percent and hunger is a just 19.4 percent. but europe in governments, a fast tracking regulation that requires gas stores to be filled to 80 percent capacity before next winter. they've also set a year and deadline to cut 2 thirds of gas imports from russia and plan to eliminate it completely by 2027 or more liquefied natural gas is being shipped from qatar and the u. s. piped natural gas imports from countries like norway and algeria will be increased and the deployment of renewable energy will be accelerated among other measures taken to decrease the dependence on russian energy . russia provides 40 percent of europe's gas and 25 percent of its oil. at a cost of some $850000000.00 a day. and that accounts for at least 40 percent of brushes revenues. while the price of gas searched by as much as 20 percent off, the gas prom suspended deliveries at the euro's value fell below $1.06. for the 1st

time in 5 years, europe's leaders said that they can't afford the consequences of an immediate boycott. and the divided over the ban on russian energy imports will as discuss this further with michael bradshaw, professor of global energy at warrick business school. he joins us now from coventry in the u. k. michael european countries can't just stop using wash and gas overnight. and yet, here they are faced with this dilemma of how to keep their supplies going, while not breeching russian sanctions, how they going to do that very difficult. i mean, and i think it's, it's a deliberate play by, by glad to drive division. so, you know, there is a very technical issue about how they should make their payment payments to integrate from bank. and the european commission is determined that if you, if you do what the russians do, then you are a breach sanctions. actually, i don't think the european politicians want to see the gas stop flowing because the

gas situation is pretty, pretty difficult. president pushing has made good on this threat flow to, to, to cut off the gas. he's already done it to bulgaria and to poland, who could be next? well, i think they selectively chose those countries in the those countries have said they wouldn't follow the payment regime. poland did or decided it wasn't going to renew its contract rush or at the end of the year. the gary is not a major importer. i think it really determine what will determine this is what happens with the major in places such as germany and italy who are not only highly dependent on russian gas, but it's a large while the gas and their industries are life. i mean, i think that's very good. i was just going to ask you what all this is going to do to the price of gas as well. we as consumers, does it mean that wherever we are in the world are going to be paying more for natural gas as it? yes, um no, i mean, i think this is affecting us with the short term spot market. if you like a lot of the natural gas, it's traded as l n g into asia,

he's on long term contracts, and he's actually indexed to the price. it's primarily in europe where we've got a reliance on short term spot markets in the market. so is the very last factor in the price of gas. interesting, the. ready also, the gas price of gas, though it's much lower in the united states, has been going up because of demand for gas to export to europe. so, yes, it will effect every consumer in europe in the united states. and eventually in asia they will also have to door on the spot market. but in the northern hemisphere course moving into summer and gas commodities. ready lower than what is president putin's strategy here? he's not going to shoot himself in the foot by cutting off gas supplies to, to major customers. he must have a plan here. well, to about shortage, shooting himself in the thickness whole of the war and ukraine. i can't see that are there any way, i don't see what responding to gain from destroying the position of russia. ready live is supplier fossil fuels to europe. so if he has a plan, is probably already backfired time the russian economy withstand the loss of so

much energy revenue. well, the thing at the moment of course, is that it's when you talk about revenue, the price is so high that the volumes for the revenue still remains quite high. and in the last 6 months, natural gas in ports of huge amounts of money and in the past, they used to be very much 2nd, 2nd place to oil. again, the price is also high, but russia is trading. it's a very significant discount at the moment. but it is finding buyers, so i think over the longer term, this will start to have a major impact on the russian economy. it will take time for russia. syrup final turn into sources of supply. and it will be costly and difficult for you for russia to find a markets rate oil. so i would think, you know, over the long term period this would really stop the impact on the russian economy . you say that russia is finding buyers where all those buyers, china, that they're in there in asia, is that they going to be able to fill the gaps the europe is leaving. well,

yes and no. i mean, i think, yes, there's been talk of chinese bars. not the national companies, i think the smallest the smaller private refineries. india has been taking some cargoes but not the size, the volumes that russia has been ex, exports. so you're, you're far it's, it's the most important market. it's also having to send that oil further on ships and it's struggling to find ships and get insurance shipping. so all those things going to make it much more difficult to, to, to maintain exports and earnings at the level they have been in the recent past. it's but it's not an easy matter, certainly to readjust markets. ringback are there enough energy alternatives for europe to plug the gaps then if it's not reliant upon or not relying as much upon russian gas and oil. again, it's a question of time. if you look at the various plans to come out from the paschal energy agency, i'm from the european union itself, meaning in the short term, it's going to be very challenging. talking about importing more l n g, which is already happening from the united states. but i was looking at the demand

side place, what can we do to reduce the amounts of gas, for example, we consume. and of course, these very high prices, the oil, for example, label. so dr. demand destruction, people drive less, they much more cautious about their energy usage. so a combination of demand side factors, perhaps on and some reorientation of. ready supply, but there's still going to be a gap and if, if, if gas deliveries do get disrupted. net coming next winter, then we'll be we'll, we'll be seeing potentially power cups and industry having to shut down. we'll come back to that in just a moment cuz that's an important point. but in the meantime, you mentioned about people looking to alternative supplies. will this crisis hastened? do you think that the shift accelerate the transition to renewable energy supplies will very much. so that's the intent in europe with that with their various plans and so, so intention, u k, with our new strategy that this is going to accelerate the transition away. so it's not just about moving away from rational and gas. it's accelerating the way more

than gas from anywhere, like promoting low carbon transition. so when we talked a few moments ago about president putin pat shooting himself in the foot here with having an unrealistic strategy. if we're going to be facing power cuts in, in europe as early as next winter, could it be argued that perhaps europe and leaders are doing the same, they're going to hurt themselves economically by moving away from russian gas and oil. yes, absolutely. and, and i think you'll see that some european leaders in the last last day also talked about being a double edged sword. and you hear a similar sort of rhetoric from, from fruits in terms of your searching itself. but that's the price that we have to pay. we're going to do take actions that really do russia, but yes, it is going to have an impact. there's no doubt about that. other, any winners in this situation? it's hard to find them. now let's see at the moment national companies at the

delivery record profits. so i assuming the other. ready states doing well, but they're knock on effectively is very high. prices may be very negative in terms of the global economy and the, and that may again drive demand destruction unless income. so i think just coming out of the panoramic and having this level of disruption in the global economy is not good for anyone. i can't see any real when it's a professor. it's been really good to tokyo and counting across many thanks. indeed for being with us. thank you very much, bye. ah, so why does the russian president want payments in rubles? one answer could be to sure up the currency which plunged to historic close after vladimir putin sent his troops into ukraine, unleashing unprecedented western sanctions that have battered the russian economy. but now, thanks in part to higher commodities prices, banks of return to liquidity surplus. and the ruble as rallied, hitting a 2 year high against the euro, and the dollar and the central bank has reversed its policy of steep increases to

borrowing costs. interest rates have been caught by a for the 3 percent in an attempt to boost the economy. the main lending rate, which was raised in the immediate aftermath of the invasion, is now up 14 percent. russia is imposed capital controls to prevent russians moving their money out of the country and requires the countries exporters to convert most of the foreign currency revenues into roubles. and the rebel has gained more ground after the country said that it managed to pay back creditors with dollars. as russia tries to avoid defaulting on its debts. the russian finance ministry said that it made a $565000000000.00 euro bond payment that was due this year, as well as settling at $84000000.00 euro bond that was sent to mature in 2 years. russia has lost access to much of its foreign currency reserves due to sanctions and wants to pay lenders in roubles, but credit ratings agencies have rejected that suggestion. but russia is expected

to suffer a deep recession. the central bank warned that the economy may face 2 straight years of contraction estimated at up to 10 percent this year. it also expects inflation to increase by around 20 percent over the coming months and the interruptions to supply chains caused by the sanctions, a crippling rushes production capacities. there was a 72 percent drop in passenger car production in the country. for example, in march, we're joining us now from london. is tatiana all over lead emerging market economist at oxford economics. tatiana, good to have you with us at 1st question has to be, why is president puting in insisting right now that energy payments have to be made in rubles hello and thank you for inviting me today. i think 1st of all, this is a political statement and it's understandable in the current j political contest context. the purpose of this announcement was basically to sort of,

it would be viewed as a sang some in response to the west, imposing biting sanctions on the russia. and it has been targeted at so called friendly come to speech have imposed facts such sanction. but actually, if you look at the mechanism itself, the trash has proposed, it doesn't actually demand european bias to play in the rubles, it's demand them to play into accounts and guess from bank rich and payments can be made in their regional current fuel. the contract, whether it was mostly juris. and the trick here is that the, the money is going to be them convert that into both in russia. so strictly speaking, the decree beach put in find does not demand payment, renewables. ok. the ruble itself is on a slightly firm ground. right now. it's written against the dollar and the euro. a

touch has russia avoided the worst of what the sanctions were designed to do it? i mean, is it going to avoid economic collapse? well, yes, we can actually say that the 1st free, so base crisis is now senior. and actually the russian authorities have managed to avoid you know, amount down in the banking sector for example, or complete meltdown in day effects market. and that was done by a combination of capital controls and huge re try reach the central bank implemented in the days after the invasion. so the free trial was a $1050.00 basis points, which is very large. and the capital controls are preventing investors from

moving funds to russia, which is reducing the pressure on the rubel. so if you look at where the rubel is trading now, is actually trading at the stronger levels versus us dollar them. it was in the, in the base preceding the beginning of the base conflict. all right, so the economy is, is weathering the storm for the moment, but for how long could it continue to do so? well, there are some long john processes which now have been launched in be me it deep restructuring of the changes still be happening to this structure over the quote to me as russia is going to people the way from europe towards asia. so treat ties are going to be caught, they're ready being caught with the western buys or thrash them, exports fell, sanctioning and creating their input. so russian come or did use mostly.

russia is no longer able to import a lot of goods from the country. speech have imposed sanctions against it. so the, these process is cover already be launched is just the matter of months and years before, before we can see the full impact over these measures. and the country is, there's no doubt the country is headed for, for quite a deep recession, isn't it? yes it is. our current forecast view is caesar, recession know for about with the contraction and they output took about 10 percent this year. and so the 3 percent next year. and what impact is all of that can have on the cost of living for ordinary russians. the cost of leaving has already increased considerably. prices increased in march by 7.6 percent versus their level in february. so it was quite the shop shock. but after that,

actually the price girls slowed down because as i have said, they ruble exchange rates that belies and return to its previous level. so there is no so the pressure on price is from the currency side. we mentioned a few moments ago that the country has managed to, to, to pay off some of the of its debts. what are the long term prospects on that? can russia afford to keep servicing its debt? is there a danger? somewhere down the line? if this economy pressure continues for, for maybe 12 years, or, or longer of russia defaulting on its debt, while russia has a very low level of government debt. so i think that even this by the current measures my just currently discussed by the european union regarding the freezing out russian oil and gas. i think still russia still should be able to play

it's it's that if the oil price at some point in the future, collapses, as a task happens in the past, then the situation go probably change. but at the moment, the main risk of fresh and default is tammy, from its ability to actually perform these payments. it's effectively up to us of authorities, whether do allow us banks to process so the debt payments by the russian government . so the piece is where the main, the risk is to have a great talk to you on counting the costs money. thanks. and dave for being with us . thank you for inviting me again. now it's known as a global hits like squid game money, heis, and the crown. netflix has been top of the league of streaming services for a long time now, but pandemic restrictions that kept people glued to their screens. a receding competition is getting tougher, and netflix is losing subscribers for the 1st time. at a decade. the platform lost $200000.00 subscribers in the 1st 3 months of the year

. at expects to lose 2000000 more in the 2nd quarter. the announcement sent the company's stock down more than 35 percent last week, wiping at least $54000000000.00 off its market value. netflix generated revenue of almost $8000000000.00 in the 1st 3 months of the year. but that mark to slow down for previous quarter's while profits fell by more than 6 percent. and it's not only netflix that his face to slump shares in disney roku, paramount of warner brothers discovery have also slipped while cnn is shutting down its streaming service. cnn plus, just a month after it was launched. on the flip side, h, b o at h, b o max had almost 78000000 subscribers at the end of the 1st quarter of 2022. that's around a 13000000 year on year increase. joining us from london, tim mulligan, he's a senior analyst and research director at media research team. good had he with us

. where is it all gone wrong for netflix? a big question. suddenly poll, netflix reached a certain level of growth and development where easy when this book canoeing, that rapid growth trajectory out the previous decade on the long and prince b that comes into is one is competition and coal market mass market us, which still accounts for over a 3rd or better scriber's, but then it's where the growth is becoming over the last the years since they made it back in 2017 folks and the national subscribers. that growth is leveling off because it into markets that don't actually have the discretion. we income to be able to afford monthly subscription. so the competition are now moving into

ports propositions. this is something that netflix has nicely pushed back against happens that are offering that call us pay is free on demand experience. the final today should make about why netflix is starting to struggle with growth and retention. is a combination of that whole folio of content. so they know speed news nurse be, don't have schools in the line up. now this is essential to be able to offer a streaming tv alternative is additional k tv. back to be what the talk about subscription video services are, see the streaming pay tv, so they lack that. some of you know, school capacitors moving into the market over the last 3 years, have that so they lacks something that they may want to consider. the other final pace is to apple. why netflix is currently in this is challenging issue

is we're going to change want media calls the attention recession. now occasionally fashion is when the combination of the long term city limits of being able to engage because of organic constraints. slate are also matched by the return of in real life entertainment, all okay. and people are able to get out of the homes and able to socialize and they will do all the to dish month payment formats that weren't available to a lot. remember that there are still parts the world that are coming out of that lockdown period. so inevitably, that combines with this long term set it attention. engagement to create attention . recession, have we pass pig streaming? do you think? do you think the market is just to saturated? yes and no, it's a qualified. yes, no. because what we're,

what we're experiencing is transition judicial tv consumption to streaming tv consumption, we're moving into streaming tv. so that still means that there are some negative behaviors around traditionally new tv consumption that will migrate over to streaming. but why isn't downloadable is we've also got these constraints and the amount time that can be spent at home and table return in real life is payments. the movie attention recession means that growth is not no longer be easily found. and the other aspect of this is the subscription model of streaming services. today . the subscription subscription model, it now being old minutes. it will inevitably be surpassed by app supported streaming. in the same way, traditional tv has been divided between k tv and google cast tv. app tv

is traditionally be the majority of the market. joyce, consumers, a willing to tolerate, to engage with content is the minority. you are willing to pay for an affray experience that will in now with the times like it's the streaming, specially as this becomes a global phenomenon. news beyond develop markets which are now greasy, saturated with description services. fascinating. tim has been really good talk to you when effects and they for being with us on counting the cost. you're welcome. thanks for your time. and that's our show for this week. don't forget if you want to get in touch with us about anything you've seen, you can treat me on at 8th. finnigan on twitter, please use the hash tag a j c t c. when you do or you could drop us a line, counted the cost of al jazeera dot net is our email address. as always, there's plenty more for you online at al serra dot com slash ctc. that takes you straight to a page there. you'll find individual reports, links,

even entire episodes for you to catch up. but that is it for this edition of counting the cost. i'm adrian finnegan from the whole team here. and so how, thanks for being with us. the news is next on al jazeera ah and a african story from african perspective, short documentaries, from african filmmakers from zimbabwe. we were pioneers of how economists can change the way we distribute goods. i'd be happy to go into a physical store so dont ivory cope's and he's gone with fresh farm

fishing woods and the shots africa direct on al jazeera. ah, a showcase of the best documentary films from across the network on now to sierra. ah, global condemnation after veteran alger is here, a correspondence should in a block, le is shot dead by israeli forces while covering a raid in the occupied westbank. ah, i'm how much am jerome this is al 0 lie from don't. how with extensive coverage of should in a block list, killing thousands gathered as her body was carried into the networks that are mala office where shipping worked.