thousands of our programs award winning documentaries and death news reports subscribed to you choose dot com, forward slash al jazeera english ah . global condemnation. after veteran al jazeera correspondent train, avo aqua is shot dead by israeli forces while covering, arrayed in the occupied westbank. ah, hello there norah coil. this is alice or alive from dough hall with our extensive coverage of the killing of serene abilene. high crowds gathered outside the families home to pay

respects to the john this his funeral will be held on friday. is ready, military has admitted soldiers from an elite unit. 5 dozens of bullets during the raid fox has not taken responsibility for her death. and despite international calls for a transparent investigation, few palestinians believe any one will be held accountable. ah, the killing of an al jazeera journalist by israeli forces has centreville operations across the arab world, sparking shock grief and demands for an investigation. showing abu acco was shot in the head while covering and israeli raid in the city of jeanine. and just a few hours her body will be moved to the palestinian presidential headquarters in ramallah for state service. is wally military has admitted soldiers from an elite unit, 5 dozen of bullets during the raid,

but has not taken responsibility for her death. tamala, shell reports. oh, don't shoot the messenger unless you're in israeli soldier. in that case, you're seemingly ok with shooting a reporter who's clearly identifiable as a journalist and poses no threat. should he and broccoli is the latest reports are to be killed by the israeli military, which has a long history of targeting journalists and news outlets. particularly al jazeera sharing, a veteran reporter who spent her life covering events and occupied palestine was among a group of journalist documents and what was happening in janine early on wednesday . according to eye witnesses and video footage, she was wearing a safety vest and helmets, both of which clearly identified her as a member of the press. despite this or maybe because she was shot and killed

and we were going to filmed is really army operation. and suddenly they shot us without asking us to leave or stop filming the 1st bullet hit me and the 2nd bullet hit sharina. they killed her in cold blood because they are killers and specialize and killing only palestinian people. we had no resistance and there was no palestinian resistance at all. at the scene. journalist somebody was also shot and injured in the attack. there was no exchange of fire. so there is no possibility whatsoever. and they always use these excuses to cover up the crimes committed against palestinians including posting agenda according to rights groups. israel has killed 50 journalists since 2000 and injured more than 144 in the past 4 years alone.

this is also not the 1st time israel has intentionally targeted al jazeera last year. the networks office in garza was born to rebel while journalist travadone b did. he was assaulted by israeli forces, whilst reporting on israel's ethnic cleansing of arab residence in occupied east jerusalem street. got off neighbourhood israeli authorities say they've launched an investigation of human rights groups say they have little faith in israeli justice, particularly with renowned organizations like human rights watch and amnesty international, accusing israel of implementing a system of apartheid that i, that i am human rights organizations for example, like bit st. limb and is that a human rights issue? and that decided a long time ago that they are no longer going to even into the act with the complaint system. bear with invisible aly army because it is not serious. it

doesn't find israeli soldiers guilty. i thought is foreign ministry whose country hosts the al jazeera network, issue to statements with senior diplomats no one hotter demanding an end to what she called, state sponsored israeli terrorism. the european union and other members of the international community have also condemned the killing. but all these condemnations have fallen short of including any sanctioning or punishment for a crime that threatens the essence of any free society. a free press should in was kill, trying to inform the world of what was happening in her country. the world now knows that in occupied palestine, no one safe from israel's bullets. not even journalists or my lunch or young. i just 0 on wednesday, israeli police push to into sri and i will act as family home in occupied east

jerusalem. as mourners paid their respects, their relatives, friends and supporters of the journalists protested against the police action. some of abu actors relatives have spoken of their grief with i just want to understand why they killed her. why did they kill her? she isn't. she wasn't of my own. she also my best friend. my 2nd mom. oh my companion, she was my everything. she, someone i've been looking up to ever since i was a kid watching all over a report. mm hm. and i never imagined. i never thought this day with com, where the news would be about her and she won't be the one who was covering the use . stuffy decker has more from outside the family home.

more people have been arriving here as the night goes on to pay their condolences to sharina family. we are just outside the family home and be $29.00 occupied east jerusalem. or you also have tons being of being on throughout the evening about unity policy in unity or condemning what happened calling for revenge and also just highlighting the tragedy of what happened here. many people who are extremely angry, extremely sad. it from the shot at what happened was she didn't i. yeah. i'm not up to date, serene unites us. she unites all our homes and towns. she unites, all palestinians from north to south. were all crying. she read the whole world is crying, she read. sharing is an icon, her so paid for her free words. we will never forget sharing. to day we're gathered in front of she leans house to pay our respects. she will forever be in our hearts

. earlier in the day we had 3 israeli police officers arriving here, entering the home to much protest from everyone here. or they started yelling at them inside the house, telling them to leave. basically, they were telling the family to switch off the patriotic songs that were being played outside has made people extremely angry, extremely offensive at a time when their family is still coming to terms of what has happened. serena's brother is due to arrive this evening. and neath will be arriving on thursday, i should ins, body will be in there. my law on thursday. why the palestinian person with a bath will be holding a salvage. and then our final resting place will happen here in jerusalem on friday . shane, i thought it was a pioneering palestinian american. john listed a household name from many. on wednesday, her body was taken to the headquarters in the occupied west by

oh, a large crowd gathered outside the building in ramallah to pay their respects and express anger over the killing. grieving, colleagues and friends prayed over her remains before sheridan's body was carried through the streets of the city. nita, abraham reports from ramallah. we know city is a very well respected journalist, but it's still a very hard thing to see. people who don't know her personally, people who just came because they seen her on tv for years covering and telling their stories. so they were here, they were crying. we've also seen our colleagues who have been in jeanine since the early morning. some of them who had with her when she was shot injured, taken to the hospital, were shouting at her, asking her to wake up. they were in shock, so others went in the morning when they heard the news to janine. and then all of

them brought the body here, took them along to al jazeera building, one of the places she loved and spent a lot of time. and we've seen the colleagues hugging each other, even the people that i've been seeing throughout this morning, holding up trying to be strong, pushing through. i've seen them break down a difficult seeing the we can say that palestine is morning, one of her kind female journalists. they're building towards the hospital where city in st. buddy is gonna stay for the night ahead of the preparations for the burial ceremony. we've seen people here go in a continuous protest walk in the streets of drama, la, remembering city chanting slogans. i remembered in her so

we are expecting the body to be taken to the presidential headquarters where there is going to be an official ceremony held by the palestinian president. so honor she did and we are expecting the body to be buried in jerusalem on friday. that cell and the jerusalem base human rights organisation disputes his ready claims about the death of serene abu acura is ready for says issued a video which says, which they say shows an armed palestinian firing, but seldom has published footage, analyzing this location. so it doesn't match up with the place where sharon was killed. had i allowed as the executive director of bet salem, he explains why israel's claims don't work. i think it's worth pointing out. the line was propagated by no less than days. ready?

prime minister, foreign minister, defense minister, other ministers, and the idea of spokesperson, in the immediate hours after the killing, also show you what's the inside of the researcher and found engineering this morning. my colleague, him study was that in fact, it is inconceivable. it's absolutely impossible. dot to footage on which the short one which deals propaganda was basing its false claims could in no shape or form depicted gunfire. at the journalists, there is no line of sight between one location and the other. and in fact, our researcher into taking him a few minutes to walk from one location to the other location, you know, spend on the situation is what israel is most tried and unfortunately successful tricks and the last impunity that provides itself. israel does not investigate

israel washers and the investigation is just the 1st or rather the announcement on the investigation is just the 1st stage in the whitewashed investigations are not meant to establish accountability. they are meant to protect the perpetrators. this happens on the pasadena bastards, united kingdom and showings, personal friend. he said, israel is trying to stifle the truth. she is not the 1st and the good simply might not be the last palestinian jordan is to be murdered, assassinated by the occupation. it's not only killing the body of chile, it's filling the spirit of him, the message of should in the idea of surely it is killing the truth. this occupation is after the truth. they want to assassinate the truth. they want to us us and they jo medicine. they want to make sure that they commit the crimes,

but without being reported, it's a cover. so the bullet that head her head and a brilliant sparnhead was a bullet targeted at the truth targeted at the international community college targeted at the profession of press and journalism targeted. and everybody wants to review the truth. and also this is linked to the lack of accountability is what has been doing this for a long, long time. 74 years journalists, medics, teachers bypasses what have you children. and there is no accountability. all what we hear from the international community. i mean here, government, including the u. k. government are statements of concern with no action when in fact, such at the level it targeted killing over journalist minutes. an immediate international criminal investigation by the i. c. c and immediate or imposition of sanctions on

the occupying state. that is as well. and when we. ringback follow what the west, the western countries are doing. these of you claims the immediate employment of sanctions and we follow the lack of such actions. not one of them, not one of the structures are applied to is right. we throw our arms in there and wondering about the double standards, the diversity of international community. so part of the blame, big part of the blame is on the in action of the international community. and if the killing all should be in a barclay today, that was recorded live on camera, does not merit international sanctions. what those u. s. has strongly condemned the killing and the state department says those responsible must be held accountable. our white house correspondent, kimberly. how can reports? dozens of journalists in washington gathering near the offices of al jazeera on

wednesday to mourn the loss of one of their own. she read a book, clay a colleague. they loved for her friendship and admired for her work all men who did the work that is respected at the highest levels of the us government. now the biden administration is condemning sharina, killing an american citizen, and calling for an investigation and prosecution of those responsible. it is important to us. it is important to the world that that investigation be thorough, that it be comprehensive, that it be transparent. and importantly, that investigations in, with full accountability and those responsible for her death being held responsible for their actions on capital hill for the most powerful member of the us house of representatives. met with jordan king abdullah, nancy pelosi called the killing a horrific tragedy. adding the congress is committed to the defense of press

freedom worldwide. people walk up to the killing of serene o'clock on the floor. palestinian american member of congress proceeded to leave cold for a moment of silence. earlier she tweeted, she read of clay was murdered by a government the received unconditional funding by our country with 0 accountability. indeed, the security relationship between the us and israel stretches back for decades each year, billions in unconditional security assistance provided the irony, one of those weapons paid for by us taxpayers, could ultimately be found responsible for the death of an american last month at the white house correspondents association, dinner and evening, dedicated to honoring journalism. u. s. president joe biden said the rights of journalists to do their job must be protected. the pre fresh is not the enemy,

the people for prom it at your best. your guardians, the truth, president biden is set to travel to israel next month. no details of his trip have been released. on friday. he will sit down in the oval office with king abdullah of jordan to agenda items now about to become more complex. in light of the death of serene abu, our clay, kimberly healthcare al jazeera, the white house, he had a lot as the executive director on the of the council on american islamic relations . he says the us should lead the way and taking action against israel. the united states is the biggest, the supplier of arms and support are of the set of is that we send is a $3000000.00 every year in military aid, 23 percent of the global military that we give to other nations. so as it gets the

lion's share of our military it, and that it has been most of the time, if not all the time on condition. and we want this by the administration to walk the walk and talk the talk by holding. is there a accountable? so far, all the previous us administrations let is that i will get away literally with or without any punishment, without any restriction, without any withholding any of the funds that we give them with which they were able to commit all these across. if you want action and we want the united states government to i asked the f b i to investigate this assassination against an american citizen. and we would like our government to take charge of that investigation. it cannot be trusted with any investigation because the world knows how sophisticated is really spokespeople

and leaders interesting. the facts and all was blaming the victims. they should not get that. we would that this thing, we are a nation of laws and our citizens are the most valuable people. sharing an article is 11 of the said, the citizens of the united states, who was an eye witness as a journalist, documenting and reporting what she sees to the war. so that it be, i always should in our bartlett and all of us a thorough investigation and they can do it. the question is, are they going to do it? we are going to push the, the f, b i through all our connections and, and our presence do just to remind this administration. and if b i that should in a box, should not be treated less than any other american citizen. in human rights often says that impunity must end kristin salumi has more on the reaction from un headquarters in new york. he looked that he is right condemnations and calls for an

investigation or to the death of al jazeera, serene abu la clay, came quickly at the united nations from top you and officials, as well as member nations. and the lead of arab states that we look at this as a one further step of this collision of situation that is happening by the israeli authorities and that started during the month of ramadan. so this is not only an attack on a person. oh, we're the but a senior or not, but it is not that on the freedom of the press and the freedom of opinion, the us ambassador to the united nation is called her death, horrifying. and she was very well respected. i actually had the opportunity to meet with her when i was in ah, the westbank out west november and ah, she did an extraordinary interview and i laugh there filling extraordinary respect for her. so i know that she will be sadly missed by all of us. and we

have to ensure that we get to the bottom of her with her killing linda thomas greenfield, called on israel and the palestinian authority to conduct a joint investigation. an idea echoed by israel's ambassador, but refused by palestinians will reject the claims of israel that they can do a credible investigation. there are the criminals under criminals, cannot investigate themselves on the mission or the palestinian ambassador called for an independent international investigation and pointing out in a letter to the security council that 40 palestinian journalists have been killed since the year. 2000 with no accountability. the arab league also called for action on the part of the security council and a resumption of the peace process. warning that if world powers don't focus on the region, confrontations and misery will continue. kristen killing me al jazeera, the united nations. i fell con as

a member of the u. k. parliament with the opposition labor party. he says, any investigation needs to be independent. let me 1st of all start by saying that i would like to express my sincere condolences and sympathies for the tragic murder of your colleagues. and of course, also with our family for losing a such a kick. we're going to bring to it. but i am personally deeply disturbed and outrage to learn the motor chevy. sadly, this is not going to be a part of the 4 years we've seen a large number of people that you can teach it. and that's not acceptable. i think perhaps the key point here is that this investigation should be independent so that everybody can have confidence can lead me over the past history. and there are many who don't have a confidence in simple, straightforward quality,

independent type. so this is what the number of them to use us could be the same to be in britain. the key point i think. ready for everyone is interested that this inquiry is dependent, so we can then need to move forward. i've been ultimately all of us agree that across the world, the journalist to betty cruz should an important role in reporting conflicts and was seeks to the children telling the story of those. and that must be protected with justice. and here we expect the british government also to have the same values. they are for core foreign independent inquiry into the instant and sal center of justice for palestinians has demanded an investigation into the systematic targeting of journalists by israel independent organization,

which works to protect the rights of palestinians to the lord said, serene, dedicated her life to one of the most important principles and a democracy, freedom of speech, journalists like selina, crucial and holding governments that violate international law accountable. israel's belligerent and excessive use of force has led to irreversible damage, and the killing of innocent journalists as can no longer be allowed to continue. the israel palestinian conflict remains one of the most dangerous for journalists, the new york based committee to protect journalists estimates 18 have been killed since 1992. but the palestinian journalist syndicate estimates the figure is 3 times higher. blaming israeli fire from most of the casualties. and it says it documents up to $700.00 attacks a year by israeli forces on journalists covering the occupation. sam bas raphi has more. oh, in israel's occupation of palestine,

its tactics have become increasingly aggressive over the decades. so to it's cracked out on media workers covering oh, on the killing of edges, you're a journalist and palestinian american sharina obliquely. the latest example. when you come up, i yeah. in may 2021 in israeli air raid brought down a building in the gaza strip. that housed local people and international media offices, including those of old jersey press freedom advocates said it was an attempt to silence journalist a month later israeli police destroyed out your equipment and arrested jerusalem correspondent javala. today. i live over breaking her head in the process of witnesses said her press sign was clearly visible and the arrest was unprovoked abruptly was also in her press, best and helmet at the time of her death. time and time again,

it has been shown that you know, israeli forces kill palestinian, including palestinian journalist without cause in the occupied territory. and it's very ex, extremely rare that israeli soldiers, captains, or military officials are ever held accountable for their actions. israel often uses what he calls secret evidence to detain palestinian journalists for months without due process. and strict attacks by his really forces have also left doesn't injure a palestinian center of human rights report in 2020 found journalists face, quote, cruel, inhumane, and degrading treatment at the hands of israeli forces in the wake of workers death . israel's army says it does not target journalists and as foreign minister suggested conducting a joint investigation and autopsy, and offer palestinian leaders refused. israeli forces have directly targeted

journalists with lee full force in the past. in 2008 israeli soldiers killed reuters camera, man. fidel shot he filmed the tank as it fired the shell that killed him. his final image is captured on tape before his camera was destroy. shanar too was wearing body armor marked press at the time of his death. sharina of luckily was killed covering in israeli raid on jeanine in the occupied west bank. the cutter based broadcaster said oj 0 producer ali alsa moody was also wounded. the latest casualties of israeli attacks on journalists that seem to go on with impunity in basra. v altura ivan will hear the in as showing former colleague, he says there must be in special accountability wherever a journalist is killed. journalism is not a crime. and whether you are a journalist who dies in mexico or a journalist who dies in ukraine or

a journalist who dies in the occupied palestinian territory. the international community, international government, 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 journalist, remind their viewers and their, and their readers, that as they report on these conflicts, they 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 kills 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,

that torture of journalists or the detention of differently depending on who the perpetrator is. if they're a close proximity to us or not as, as western government as an koran, as a person. and activists who grew up watching, sharing on television. she says the journalist was an important figure for a generation of palestine in i grew up going to the friends girl school and mama, and she once visited our school. i was around 7 when the father, the 2nd to father began and so her name and her voice, the tone of her voice in specific was when we would often emulate when we as kids would get together. most of our parents were around the clock watching tv when electricity was available. and so she didn't always just represented the truth, really stood. she did not quake, she acknowledged, when you know her human came into play and what she would feel and yet that did not

deter her from returning again and again. and again. the areas she covered in palestine are some of the most resistant, the lead, powerful, impactful regions of our country. and she returned time and time again, which is clearly why this was an intentional assassination. this is a targeted attack. that is what israel does. you don't have the leading in tech and weapon and surveillance industries, just accidentally fire. i'm using a sniper will be that's not what they said their weapon expose. and so it was a premeditated attack. and it was a blow because they know that shooting is edged into an entire generation. she's etched into a collective memory. not long before her death, sharina spoke about what it meant to be a journalist,

a and i remember stuff with me on may. 15th webinar will hold the 1st parliamentary elections since the

country went into economic collapse in 2019 political and security. pensions are running high with many lebanese desperately wanting change and new leadership. but well, they're both to be enough to change the status quo special coverage on l z. a . i'm adrian again. this is counting the cost on how to 0. yeah, we can look at the world of business and economics this week. the stakes arising at the back level, rushing, energy, polluted, turns off, the gas tops and the e, you propose as a panel most goes oil imports by the end of the year. but what will the energy will cost also this week rushes rubel hits of to yeah. hi. 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

a decade. and cnn plus shuts down its platform just a month after launch, how viewers had enough and is the whole streaming industry of risk. ah, washes 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 move as 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 . putting 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 ear 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 of the gas prom suspended deliveries

. and 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 warwick business school. he joins us now from coventry in the u. k. michael european countries can't just stop using wash and gas over night. and yet here they are faced with this dilemma of how to keep their supplies going while not breaching russian sanctions. how they're going to do that very difficult. i mean, and i think it's, it's a deliberate play by white glove who drive division. so, you know, there is a very technical issue about how they should make the payments 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 put in his make good on his 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 countries have said they wouldn't follow the payment regime problem that already decided it wasn't going to renew its contract rusher 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 this sort of a. ready shot 10 spot market if you like, a lot of the natural gas thats traded as l n g into asia. he's on long term

contracts and he's actually indexed to the all price. it's primarily in europe where we've got a reliance on short term spot markets in the market. so there's a very last factor in the price of gas. interesting. the, or also the gas price of gas. 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 coast meeting into summer invest the market. 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, come back short, shooting himself in the middle. i think this whole of the war and ukraine, i can't see that. are there any way, i don't see what you're spending to gain from destroying the position of rush, whether. ready the supplier of europe. so if he has a plan is probably. ready already backfired time the russian economy withstand the

loss of so much energy revenue. well, the thing at the moment of course, is that the, when you talk about revenue, the price is so high that the volume for the revenue still remains quite high. and back 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 tentative markets for its oil. so i would think, you know, over that longer term period, this would really stop to impact on the russian economy. you say that russia is finding buyers, where are 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 they're the smallest. the smaller private refineries in years. been taking some cargoes, but not the size, the volumes that russia has been ex, exports. so you're, you're, it's by far it's, it's my support market. it's also having to send that oil further on ships and it's struggling to fine 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 to readjust markets this way. 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 some question of time. if you look at the various plan to come out coming paschal energy agency, i'm from the european union itself, meaning in the short term it's, 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 of the place. what can we do to reduce the amount 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 that much more cautious about their energy usage. so a combination of demand side faxes, 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, in, in just a moment. because 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 suppliers will very much. so that's the intent in europe with that with their various plans and tension u. k. with our 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 to move

away from the gas from anywhere like promoting the low carbon transition. so when we talked a few moments ago about president putin, pap 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 say they're going to hurt themselves economically by moving away from russian gas of oil? yes, absolutely. you know, and i think you'll see that some european leaders in the last last they also talked about being a double edged sword. and you hear a similar sort of rhetoric from, from fruits in terms of europe searching itself. but that's the price that we have to pay if we're going to do take actions that really do russia. but yes, it is going to have the impact. there's no doubt about that. over any winters. 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 all

states doing well, but they're not on effectively very high prices may be very negative in terms of the global economy and the, and that may again dr. demand destruction, unless income. so i think just coming out of the pandemic 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 the cost money. thanks happy to be with us. thank you very much, by the way. 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 of battered the russian economy, but now thanks in part to higher commodities prices, banks of return to a liquidity surplus. 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 has imposed capital controls to prevent russians moving their money out of the country and requires the country's exporters to convert most of the foreign currency revenues into roubles and the rebel as 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 set 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 with 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 russia's production capacities. there was a 72 percent drop in passenger car production in the country. for example, in march. we'll joining us now from london as 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 political contest context. the purpose of this announcement was basically to sort of,

it should 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 countries which have composed such functions. 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 demands them to play into accounts. and guess from bank rich and payments can be made in the regional currency of the contract. whether it was mostly euro's. and the trick here is that the piece 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. nobles ok. the rubel itself is on a slightly firma 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 use has now finished. 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 this was done by a combination of capital controls and huge re try to reach the central bank implemented in the days after the invasion. so the re type 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 robust trading now is actually trading at a stronger level 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, let it, there are some long john processes which now have been launched in the home to me. it deep restructuring of the equipment changes still be happening to the structure with a call me as russia is going to people away from europe towards asia. so treat ties are going to be cut. they're already being caught with the west and buyers of russian exports self thank singing and creating their inputs. 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 that these processes couple ready to be launched. it's just the matter of months and perhaps years before, before we can see the full impact over these measures and the country is from this, no doubt the country is headed for quite a deep recession, isn't it? yes it is. our current focused view is caesar, recession, know about what was 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. price is increased in march by 7.6 percent versus the level in february, february. so it was quite a shop shock. but after that,

actually the price girls slowed down because as i have said, they ruble exchange rates that the life and return to its previous level. so the, there is no. so the pressure on price is from the currency side. we mentioned a few months 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 of his economic pressure continues for, for maybe 12 years 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 measures currently discussed by the european union regarding the freezing out russian, oil and gas i speaks to russia still should be able to pay its debt.

if the oil price at some point in the future, collapses, as a past 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 to talk to you on counting the cost money. thanks cindy 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 in a decade. the platform lost $200000.00 subscribers in the 1st 3 months of the year

at expects to lose $2000000.00 more. in the 2nd quarter, the announcement sent the company stalked 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 has faced a slump. shares in disney roku, paramount at warner brothers discovery have also slipped, or 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

. wheres it all gone wrong for netflix? a big question. suddenly poll, netflix reached a certain level of growth and development where easy. when you spoke to doing that, rapid growth project we out the previous decade are no longer an apprentice. be 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 few years since they made it back in 2017 folks and it's national subscribers. that growth is leveling off because the mitigate markets that don't actually have the discretion, we income to be able to afford. ready monthly subscription. so the competition are now moving into support propositions. this is something that netflix has mostly

pushed back against happens problems 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 don't have news nurse be done, have schools in the line. now this is essential to be able to offer a streaming tv, all traditional cable tv to be what we're talking about. subscription video services are streaming, it's streaming pay tv. so they lacked that some of the other, no school capacitors moving into the market of the last 3 years have back access. they may want to consider the other final pace to our school wide. netflix

is currently in this challenging addiction is we're going to change, want media calls the attention recession. now, recession is when the combination of the long term sub she limits off of being able to engage because of organic constraints. slate are also matched by the return of in real life and payment all okay. and people are able to get out of the homes and able to socialize again. they will do all the to dish month payment formats that weren't available to a lot. remember that there are still past the world that are coming out of that locked down period. so inevitably, that combines with this long term secular piece it attention engagement to create attention. recession, have we pass pig streaming? do you think? do you think the market is just too saturated? yes, and no qualified, yes, no, because well, what we're,

what we're experiencing is this transition from judicial tv consumption to streaming tv consumption, we're moving into streaming tv. so that still means that there are some legacy behaviors around traditionally a tv sumption that will migrate to streaming. why isn't doubtful is we've also got these constraints and the amount time that can be spent at home and payment return in real life is payments. the 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 because she subscription model is now being old minutes. it will inevitably be surpassed by app supported streaming. in the same way, traditional tv has been decided between k tv and broadcast tv. tv

is traditionally be the majority of the market. joyce, consumers, a willing to tolerate, to engage with content is to minority. you are willing to pay for an affray experience that will and now it's the trans, like it's the streaming, specially as this becomes a global phenomenon. news beyond develop markets which are now chrissy saturated with subscription services. fascinating. tim has been really good talk to you, but effectively 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. i'm at a finnegan 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, with mainstream coverage of big stories, can sometimes deliver more heat than light in a war tar scenario. there's always a push to simplify. narrative nuances is always called for, even in the case of an aggressive war. the listening pe, delve into the news,

narrative, and dissect them. there is not our great deal of subtlety. we're talking about the barbarism it is unfolding as though we somehow unique. it's not unique covering the way the news is covered on al jazeera. ah morning and global condemnation of the al jazeera correspondence showing a shot dead spelling is writing forces or covering a rate in the occupied west. ah, i'm kinda now, this is almost there is continuing conference. if sharina blacklist kelly, he's ready all me admit soldiers from an a meeting unit, 5 dozens of bullets during the great.