the team has released 30000000 co love a since the project began 3 years ago. it's a small step, but one in the right direction for a reef the united nation says is in danger. sarah clark out a 0 cans could more about to out. the coral reefs have been eroding. i'll be more information about that in everything else right here on our website. all right, as well, companies there as well out there, dot com. ah . just wanna update you on the top stories you've been following from london before we kind of the russian present. redeemer putin says that future prisoners swaps with the u. s. r. possibility conveys at arms. either victor boot is back in russia now after the u. s. release them in exchange for basketball sub brittney greiner, who to spoken to state media, accusing the west of trying to destroy russia. lou and security council has been meeting off the claims by russia that weapon supply to ukraine of ended up in the

hands of criminal gangs. but moscow is also facing allegations of its own with the u. k. is ambassador accusing the cramming of buying weapons from iran and north korea. russia has used those iranian drones to kill civilians and illegally target civilian infrastructure. wiping out homes, electricity, power supply schools, hospitals. russia is now attempting to obtain more weapons, including hundreds of ballistic missiles. in return, in return, russia is offering a wrong, an unprecedented level of military and technical support us democratic laying on their fragile control of the senate. after a sitting senator announced,

plans to leave the party are zona sat in tucker since the name or is decided to register as an independent. she says she no longer wishes to participate in the bipartisan structure of the u. s. government comes at a delicate moment for the democrats who lost control of house of representatives in the mid term elections and fridays walk up action krasier upset brazil to reach the semi finals going through on a penalty. shootout match was goal is often 19 minutes. one all off to extra time. the decisive moment was a brazil penalty miss croatia now progressed to the last fall and another dramatic penalty. shootouts as it puts argentina through to that wall cup semi finals knocking out the netherlands. match went to extra time off. the dutch level of the school at the end of injury time. so 2 big matches that, that st. hort's racing and that we're going to have another big day tomorrow as well. that's it from london for now. counting the cost is next. right,

so cones and public confrontation, young people across the u. k, a pissing their bodies on the line for the attention of the issues that matter to them. climate change is a symptom of the system. breaking down when you're the root sales guy with action was the group left open for democratic society or want to allow for them to the debate. no politician in this country as i was shut down in arms factory, people have generation change on al jazeera. i hello, i'm money inside. this is counting the cost on al jazeera this week, a $60.00 a barrel price gap and russian oil set by the g $7.00 and a band by the e. u and russian seaborne oil comes into effects. what impact will it have on the

kremlin? and then it's easy to finance the war in ukraine. also this week political instability, an increased uncertainty over the future of south africa's president, has cost a shadow over the countries flagging economy. conservationists in india, raising the alarm about the danger of shrimp bombing to the environment. we find out what they say, the problems are ah, the 1st phase of the european union's ban on russian crude oil and petroleum products kicked in this week. european countries will stop buying seaborne crude oil from russia, with limited exceptions, robbing the kremlin of revenues that it needs to sustain its will efforts in ukraine. the embargo comes at the same time as a price cap on russian oil that's been backed by the group of 7 advanced economies . let's take a look at the new measures in a little more detail. the e, the g 7 and australia have all agreed to cap the price of russian oil at $60.00

a barrel. but you also ban russian seaborne crude oil imports from december 5th and refined oil products. from february. the 5th, the band covers 90 percent of the ease oil imports from russia was 900 last year that you imported about $74000000000.00 worth of crude oil and refined petroleum products from russia. the vulgar also prohibits european companies from ensuring and financing shippers carrying russian oil above that price cap. to discuss all of this, i'm joy. now from to bye bye robin mills. robin is a non resident fellow at columbia. c percentile and global energy policy. and the chief executive officer, us come on energy, i can be joining the program robin. let's start with the price cap of $60.00, the bow russian creed. what is the idea behind this plan?

well really, the concept is that the g 7, they want to keep russian oil on the market because i don't want to have a damaging spike in prices by cutting off russian supply. but they also don't want to too many revenues to go back to let him put in government. so the idea is to allow the russians to sell but only kept price and to restrict sales of oil of the above the cap by restricting the access to shipping and insurance services, most of which is provided by g 7 countries and protected by european countries. and the price cut, let me ask you about that. i mean, is it going to be easy to enforce? i mean, what is the role of the insurance companies in this? well, the insurance companies option and central because in the no, no, no vessel can sale and support. so we'll go through major waterways without having to allow the insurance because obviously has a huge danger of accidents and other major oil spill could cost billions of dollars in clean up. so these, these congress have to be properly ensured if they, if they are going to an end to ports or if they're going to go through waterways

like the boss versus the suez canal. so that the insurance saga is actually critical. ok, so this is a good plan, is it, i mean, we'll have a significant impact on russia's oil profits, which is what they want. well, you know, the thing is now that most of the rational and exports actually trading below the cap prices of for quite sharply. the past couple of weeks and rational. it was already selling a significant discount. now, how much that discount is? jude was being being blocked and state russian oil. how much is due to them? seeing the price cap, i'm using that to go shutting leverage. probably a bit of both, but actually the, as we said, the discounted price is below the cap already. but the advocates for capital, so i won't go that's, that's exactly what we want out. if the global oil prices start going back up, presumably that will really hurt russia. if prices go up again and the g 7 are able to stick to the capital and imported originally and keep the $60.00 that russia will be losing adults, significant upside and roughly is absolutely. i think the question is even more the

other one was processed. keep falling and the price rushers saving stays below the cap. will the g 7 think? oh, well we could talk further. we could make the cap $55.00 or $50.00 barrel, depending where rational what is actually trading. they do have a mechanism to keep reviewing the cap and, and change those require. okay, so let's talk a bit more detail about the ban on the cbo and crude oil. what impact will that have on russia? the use always been russia's major oil customer. of course, now you as december didn't she stay and nearly complete ban on pushing the russian crude pretty much complete ban on cbl and crude. an affected ban on a lot of pipeline imports into eastern europe that has a major impact because russia, the look of the markets. and it's really got a couple of other markets outside the u and the you can us, it's also been rational shipments. and that's really enduring, china. and over the course of this year, india has been the main part of they're picking up

a lot more russian oil and filling this, putting this gap a china has taken a bit more turkey has taken, taken some more. but russia, i think, will look more widely and try to other customers. it's going to replace all of the european oil market that it's, it's not last of the effectively, i guess the other key has question is, how is the you going to make up the shortfall? i mean, the, the block i believe, will need to replace about $1000000.00 barrels of crude a per day. can you manage to really do without all the thrush oil? yeah, it's a, it's a logistical issue, but there is the all on the market. so we already again see this year that europeans or try to switch drug considerably. and we've seen a major increase, not surprisingly, at least oil going into, going into into europe, particularly particularly saudi oil. the rocky oil of the u. s. is as increased as well. so and between those very source is the use so far managed to replace what, what, it's what it's cut out, russia. so we'd expect that to continue. there are some logistical issues. how do

you get oil to refine landlocked refineries in central and eastern europe? that used to get by, by a pipeline from russia who's been left sir reconfigure pipelines and change things? this is been some exemptions for fund raising countries like hungry claims. i can't easily get in on russian oil, but those things are being sorted out of the time. so what a rush is, options here, do they comply with the price caps? do they have other alternatives? like providing their own tank is their own insurance. and so one well rush said that they won't comply with the price capital. i won't sell to anybody who is complying. of course i have to say that they can accept. this is a policy. i think they may find that at least quietly, they have to accept that they're going to continue selling. but they allow us to implicitly accept the existence of the, of the price capital that some of the buyers will, will want to comply with this. russia has been trying to accumulate a large shadow of time because of the past few months of its own time. because by buying 2nd hand all the time, because we could replace the usual click with that will suddenly fill some of its

needs. not all of it, it's a much longer voyage for russia to go from, from the russia court on the black seal the baltic to india, that it was due to tate to sail for few days of european port. so therefore, it needs much more tankers to, to, to do those deliveries to asia. so the shuttle fleet went entirely solve the problem russia, russia also been trying to set up new insurance schemes and an offer its own insurance. we'll see how widely that's accepted, all of these rush insurance gains really, except it was valid. bye bye bye. all my job. what. what is that a good alternative for them? do you think that might work or the some some what we're seeing. so for example, the turkish warranties in excepting the russian insurance and russian tankers are able to get out of black sea. we'll, we'll have to see where the old ports are willing to take that. i think at least in june, china probably would accept it because of that helps you want to keep the rational oil flowing. but i think we got to think that will be some limitation to rush or close because of the, the lack of inadequate tank of fleet. and a lot of other tankers are not in the rushes. the, to wonder,

avoid the problem entirely by why not to kind, russian or tolls. ok, clearly some unknowns and how this will all pan out. but what do you think? i mean, in terms of the impacts of the global impact on the price of oil? where do you think that's going to go in the short term and in the long term? well, you know, exercise prices continue to hold. i think partly because the market is so confident that this price won't have a significant impact or reducing russian supplies. partly because of fears about recession and chinese coby locked hands and saw that i saw the price cap issue, but the, the, the hitting demand. the prices of brent crude prices now below $70.00 side light dollars per barrel below where they were started. we are even before the war, so that sitting russia, even though even without effect of the price kept, i think the longer term that this will reduce rational exports, the price cap enforcement will get cleverer. and rushes also trying to find ways rounded of cost, a little bit bit of cash. moscow and the consumer is all day the win is all the

loses if this is going well for father windows because the whole process coming down pretty strongly. but i don't think that's really effective, the price kept its sides on rec, molly factors going on, but i think that again, the designs and price cuts, i won't report prescott, no serious damage. so far, rushing, revenues are being cut anyway, so the policy is working, but i think there is a concern. yes. going into the start of next year. so that could be a more serious impact on prices, particularly if it's chinese demand picks up. and also we also bear in mind that this is about crude oil, but at the start of february, next year, you been on refined old products comes into effect and that is significantly higher the problem. how do you replace the exports of russia feels like these in particular? really, really interesting to get your thoughts. robin, males, non resident fellow, columbia super center, global energy policy, the chief executive officer. come on energy. thank you. i do. oh, some africans, national assembly has delayed

a parliamentary vote that could lead to the presidents impeachment until next week . president sarah rum opposes facing allegations of serious misconduct in relation to a large amounts of cash found of his gain foam off to robbery 3 years ago. from a course that has denied any wrong doing and has not been charged with any crimes, the scandal has spooked the markets with growing phase of a prolonged period of political instability. investors were hoping for reforms to boost the countries flagging economy. they found that his replacement could increase government spending and take on more debt. well, despite sky rocketing interest rates, food and fuel prices, sub africa's economy actually grew faster than expected. in the course at by 1.6 percent the 3 months to the end of september. that's thanks to a serge in agriculture for st. in fishing, the economy is actually bigger now than before. the corona virus pandemic stroke.

the country is facing an increasing number of blackouts off the electricity supply . escal announced it wouldn't be able to refuel its diesel generators until at least april next year. now there's generators were meant to help the countries aging state own power grid. and it's mainly coal fuel power stations to keep up with demand. well, south africa government is now continuing with efforts to boost the amount of solar power generation in the country. joni me now from london is elise montana. he is the africa. i'm less than research associate at risk intelligence company. the risk maple croft, thank you for joining the program and so false with an expected growth is 1.6 percent in the 3rd quarter of this year. were you surprised by these figures? well, so the figures were quite surprising and they represent a notable shipped from the construction of 0.7 bird. then that we thought in the

2nd quarter of 2000 to any, to the above, the predicted values for the last quarter and the position south africa as a economy freight, coffee 19 up. and that make levels be a good thing to the positive. whether we should not different r as in south africa economy, including india, mining factor, which increased production, benefiting from a high commodity, the price of the global market. we also see that the elimination of over restrictions, leading to defend, make enabled for the expansion of the tourism and the sectors. finally, international trade also increase, allowing south africa to improve its position and current account balance. okay, so, but as an expected growth figures that south africa, central bank says the country's economy needs to actually expand consistently at 5 percent for years to in order to create jobs in low unemployment rate and so on. is

that a realistic target? well, so although it has been a positive progress, it tells africa the economy a not out of the woods and the economy. and i invest there in south africa will remain and both do a huge political uncertainty and electricity because that will complicate the economic recovery from the life the cry. too bad. i hit the country, i said, just depend on me. and most recently, the impact of russia, ukraine, our war. in addition, we have to remember that that was africa remains exposed to. there are no markets shocked to just the inflationary pressures that have been wars and by the russia grade. but that me and there will complicate south africa the past due. i cannot make the recovery. yeah, i'll pick you up on the inflation threat. i mean, that's the problem that countries around the world are struggling with. and like

many of those countries, the government in south africa will the central bank in south africa has been aggressively pushing up interest rates. how is that working for them? so that consistent increases been enter the grades a to, to soften the inflationary pressures. but we were talking about we see that the inflation has slowed down slightly over the past few months. however, it reads record bodies of 7.8 percent last july, while above target range of inflation fed by the central bond, which is between 3 and 6 percent in order to protect the value of the south african rant. we therefore expect the central bank to continue increasing interest rate until it reaches that desired value. and although it seems like it's a mitigating part of the inflationary pressures,

it also has the side effect of blowing down growth, which well, as i was mentioning before, i continue to complicate with africa, they cannot make recovery entering than we are. it's a very difficult balancing act, isn't it? let's talk about s cone, which is south africa, electricity, public utility company, a vital business for south africa. it's an ounce that has no funds left to acquire diesel until april 2023. how big problem is that? how much is it going to cost people's lives on the economy? yes, so we have access to electricity in south africa. we will remain constrained by fiscal inefficiencies and ramp and corruption as come. now insulin that they have run out of funds to acquire diesel, it will be, be dropped in and will lead to block college becoming more frequent and more intense over the following month, with low shoving levels for becoming

a common scenario in the country. we see that the company uses the filter on some of the big through the area plan activated during periods of pick consumption or emergencies, which will leave me at the capacity of the company to react to unexpected circumstances. will expose companies from the operating in the country, it through electricity, cars or will for them to invest in deriving their own energy and the band and the these allegations of corruption against president several rum oppose. i have been very much dominating headlines at the moment, to what extent to foreign investors pay attention to headlines like those. and of course about the electricity company that we were just talking about. how much does it impact the economy? yes, so investors will phase increases the government to really be reese,

the potential increases on civil and red a result of a political kind of in, in, in south africa, the government. we see that a and b has been in decline over the past few years in terms of public support and will therefore increase to increase the risk of a coalition government in 2024. the be something that investors will keep in mind and it will, it will expose them to significant political risk and also red sprayed offending from increasing public discount. that's what you'll, outlet for south africa is economy in the long term. so yeah, as i was mentioning in the long term, the economy will not only suffer external shocks, but we will be exposed the political climate in south africa. we see that these unresolved social riv,

could build the lead through to disrupt the protests. for example, in july last year, we thought that the imprisonment of j come silva, tree guard protest in the country. and while the protests were parked by political factor, they were pretty much fueled by underlying and the result issues such as unemployment, inequality and poverty. we see that the government has been unable to resolve the issue and therefore will continue to feel protest and increase the re itself for option for business is really good to get your thoughts unleash montana, africa, analyst, and research associate at risk intelligence company. v risk maple cool. thank you. thank you. trim farming is a profitable business in india, but conservationists say that it's endangering the environment. they say the government should encourage more sustainable cultivation the countries one of 5

nations that signed the pack to the you and climate science in egypt to protect mangrove forests. pub natal reports from the southern states of carola. there are few signs of life bubbling under the technology is expensive, electricity is needed round the clock to maintain oxygen levels. the tank is actively monitored for temperature and nutrition, rakish men and started shim farming last year. he says, this modern method is more profitable in the natural bond of where you are doing the lord in city here. we are doing it the high density. at the same time off in there, your, you are doing a ford goes to renew your fuel, combated with the natural one. they are doing good place in a year. so that is a more different than maybe you can do more goals at the same way. you can on more profitable shim conservation is big business in the southern indian state of carola,

the government is promoting it by subsidizing land and giving technical support to farmers. but man groups i've been cleared to make way for them. careless forest cover has reached a historic low in some areas that are emotion, farms and man groups. most of what remains is privately owned and unprotected mangold have been globally recognized as one of the best ways to counter climate change. they absolve mo, cobblins and other tropical forests and also project lines from natural disaster, such as synonymy, signed to say that depletion is threatening ecosystems and local economy. iron coma has been fishing industry over for decades. he says the growing number of shim farms has affected his business, that i feel free to catch, and some species have gone extinct other than the governor, farmers use chemicals to kill all the organisms in the water. and this is done before they put the shrimp, see this water then flows into the river. this is killing the fish. there was one

fish called grew up and it's not there anymore. conservationist want to state government to step up mango protection. they said these can co exist which and farms we how to do sustainable from farming. and we have traditional method of shim farming, prevail and in killer and. busy now the, the non traditional, more intensive, true farming is, is changing the geomorphology of the, of the area and the, and even the restoration becomes difficult in these landscapes, men and say a ship grown this way is better. and other farmers will switch to this method. but conservationist, one unchecked farming could wipe away critical forest cover and endanger thousands of lives. thousands of birds have been cold across peru in ecuador, after the discovery of a strain of avian flu. poultry farms and animal markets have been affected and the economies of both nations have taken a knock. marianna sanchez has been a 90 day national

health emergency in bed when required, as migratory birds from north america bring with them the highly contagious avian or bird flew. they've been infecting wild birds on their path towards the southern continent. the thread became clear after birds were found dead along perused northern coast. at least 13000 of them say environmental authorities, mostly pelicans. the outbreak reached a poultry farm in northern lima were pedrosa gra, cultural health services. nearly 37000 birds were slaughtered this week to controlled the spread. but a, nick, my lord, it was much worse that government has at least a $180000.00 birds will have to be cold to protect the poultry sector, which generates 23 percent of require loads. agricultural, g, d, p. if the focal effect on this outbreak is contained, all protocols start being applies to 8 does not spread into 5 kilometers beaufort

on. there are no more contaminated farms. commercial producers in both countries say they have taken strict measures to secure their farm perimeters. but us government has been live bird markets, the industry accounts for 2 percent of its g d p. and it's the most consumed protein among low income peruvians. the ability to weigh about her if the worst thing that can happen is that this spreads to commercial farms. if chickens and hens died, chicken prices will skyrocket and it will no longer be a health. but a famine issue, a little bit. health official savvy h 5, in one avian flu strain founding pedro could infect humans through close contact. health officials say that transmission of this virus among humans is very rare, but they're worried because the summer season here is about to begin. and they're urging people who are already coming to the beach to stay away from any dead birds . concern neighbors have pulled that most beach south of lima. see the stench of

dead birds is too close. if someone come on, god bless and be with kohl's. different entities to come and clean up. they came one day and took some dead buds and never came back. people come and try and see the buds. i me want to prevent this from happening to o. thirty's here, unequal. they'll say they are working fast to contain the outbreak. a silent epidemic, but with no tweet, mental cure. death is assured for these birds reaching ashore for a time to rest her beak. and that is all show for this. we didn't get in touch with us by tweeting me at moline fight, do use the hashtag ha, ctc. when you do, or you can drop us an e mail counseling the cost at al jazeera dot net is our address. as lot small for you online at al jazeera dot com slash ctc, that will take you straight to our website, which has lots of individual reports, links an entire episodes for you to catch up on that is that the sedition all

counting the cost i moline site whole team, thanks for joining us. the knees on out is era coming up next. ah. indonesia your investment destination, the world's 10th largest economy, is busy transforming, ready to beat your business. partner with a robust talent pool, politically and economically stable and strong policies being the power house. indonesia is confirmed by the g. 20 presidency, bringing opportunities for you invest indonesia. now, to inculcate a culture of knowledge, openness, and pluralism worldwide, and to reward merit and excellence and encourage creativity. the shake um out award for translation and international understanding was founded to promote translation

and honor translators, and acknowledged they rode and strengthening the bonds of friendship. and co operation between arab islamic and wild coaches. ah, now tara martinez. oh, the dream is still alive, but only just for the south american heavyweight. some little messy at the wilcox. but it's hot, breaking for another favorite from the continent. brazil and knocked out by croatia in another nail biting penalties, shooting ah .