Skip to main content

tv   Counting the Cost  Al Jazeera  December 13, 2022 8:30am-9:01am AST

8:30 am
about celebrating the goals and the football victories. it's a window into country life and culture. past and present. natasha name o g 0. doha. ah. hello there. this is al jazeera, these are the headlines. at least 7 people have been killed now during protests and peru. demonstrations began last week when former president pedro castillo is impeached and arrested. his successor. dina, blow out a says she'll ask congress to call alley elections. marianna sanchez has moved from lima earlier today about 2000 people took over the airport in the air region of ada . keep on this is the 2nd most important city in the country. they took over the runway, they lived tires and there were clashes with police and there were classes with bullies outside which police was able to, well, the protest inside the airport,
8:31 am
but continued fighting. all these people took over. also one of the most important put companies in i did keep up and in the country, but unfortunately apparently police have support from those old already another. our personal that has been killed in these protests, the founder of the collapse crypto currency company, f t. x has been arrested in the bahamas, sam bank, mon fried, was taken into custody after the u. s. filed criminal charges against him. earlier, the u. s. senate banking committee said that banquet fried had refused to testify about how his company lost billions of dollars of clients. money. a libyan man, accused of making the bond that brought down pan am flight one o 3 and lobby has appeared in a u. s. court. he was taken into custody on sunday 2 years after the u. s. justice department announced charges against him. the nigerian army as being accused of killing scores of children and its war against armed groups and investigation by
8:32 am
the reuters news agency estimates that thousands of children thought to be linked to arms. armed groups were targeted and during military has dismissed the report saying it takes to undermine its fight. against those groups, brazil's president elect broke down in tears at a ceremony ratifying his election when in the capital, brazilian division of your little da silva wept as he told the audience that brazilians have we conquered democracy. he will be sworn into office for the 3rd time now. next month, after defeating jaya, both nora in october run off election all nearby supporters of outgoing far right. presidents. i have both narrow tried to storm the federal police headquarters and brazilian military police deployed officers to disperse protesters who are angry about the arrest of an indigenous leader who is also a bolton or a supporter. well, those are the headlines will be much more news for you here on out there are off the counting the cost and then there are for after the acceleration and excitement
8:33 am
of the call to finals the remaining if he is now fight for place is the final as the competition intensified, what has been one of the most surprising will cups ever join us for action and analysis of the semi finals cutoff? 2022 on all the 0. i . hello, i'm molly inside. this is counting the cost on al jazeera this week, a $60.00 a barrel price gap, and russian oil sets by the g $7.00 and a band by the e. u and russian seaborne oil comes into effect. what impact will it have on the criminal ability to finance the war in ukraine? also this week political instability, an increase uncertainty over the future of africa's president has cost
8:34 am
a shadow over the countries lagging 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 war 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 annual strike 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
8:35 am
refined oil products from february. the 5th, the band covered 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 embargo 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. i'm the chief executive officer. us come on energy, i can be joining the program robin. let's start with the price count of $60.00 a 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
8:36 am
to too many revenues to go back to the futons government. so the idea is to allow the russians to sell but only kept price and, and to restrict sales of oil above 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. scott, 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 in central because the no, no, no vessel can sale into ports will 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 and clean up. so these, these call guys have to be properly insured. if they, if they go to an enter courts or if they're going to go through waterways like the boss versus the suez canal. so that the insurance side relapse the 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,
8:37 am
you know, the whole thing is now that most of the rational and exports actually trading below the cap prices of for quite sharpie the past couple of weeks and rational. it was already selling a significant discount. now how much that discount is due to buyers 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 say, the discounted price is below the cap already. but the advocates the capital so well go that's, that's exactly like we want to if 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, enforce originally and keep the $60.00 that russia will be losing adults, significant upside roughly is absolutely. i think the question is even more the other one was processed keep falling and the price rusher is 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,
8:38 am
depending where rational what is actually trading. they do have a mechanism to keep reviewing the cap and, and changing those require. okay, so let's talk a bit more detail about the you found 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 a december, didn't you 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 that 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 where the india and china. and over the course of this year, india has been the main part of their and 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 will look more widely and try to the customers. it's going to replace
8:39 am
all of the european oil market, but it's, it's not lost that effective. like, 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 barrels of crude a per day. can you manage to really do without all the thrush oil? yeah, it's logistical issue. but there is the. busy on the market, so we've already again see this year that european all tried 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 between those very source is the use. so paul minus replace what, what, it's what it's cut out. russia. so we 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 it by, by a pipeline from russia who's been efforts to reconfigure pipelines and change
8:40 am
things. this is been some exemptions for fund raising countries like hungry claims . i can't easily get no 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 all the old tennessee like providing their own tank is their own insurance. and so on, while russia 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 much longer void for russia to go from, from 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,
8:41 am
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 gets really accepted. was valid. bye bye bye. all my job. what. what is that a good alternative for them? do you think that might work or think some, some, what we're seeing. so for example, the turkish warranties in excepting the russian insurance, and so russia tankers are able to get out of the 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 obviously want to keep the rational oil flowing . but i think we've got to think that there will be some limitation to rush or close because of the, the lack of inadequate tank of fleet. and a lot of other tankers, not in the rush, only to wonder, avoid the problem entirely by why not carrying russian or tolls. okay. kelly some unknowns and how this will all pan out. but what do you think?
8:42 am
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, interesting prices continue to whole. i think partly because the, the bulk is so confident that this price got won't have a significant impact on 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 hitting demand. the prices of brent crude prices now below $70.00 side life dollars per barrel below whether we're the stall 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 consumers all day the win is all the loses if this is skiing. well for father windows because the whole process is coming down pretty strongly. but i don't think that's really effective. the price kept its sides on rec,
8:43 am
malik. factors going on, but i think that again, the designs, the 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 not crude oil, but at the start of february, next year, you been on refined to products comes into effect and that is a significant, harder problem. how do you replace the exports of rush? she 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 african national assembly has delayed a parliamentary vote that could lead to the presidents impeachment until next week . president sarah rum, oppose is facing allegations of serious misconduct in relation to
8:44 am
a launch amounts of cash found of his gain foam off to a robbery. 3 years ago, rama plaza 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 3rd 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 struck 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
8:45 am
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. joining 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 each so thought was an expected growth at 1.6 percent in the 3rd quarter. this year we are 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 deviate above the predicted values for the last quarter. and it position south
8:46 am
africa as a economy freight call the 19 up. and that means levels be good, thanks to the positive whether or not different r, as in south africa, the 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 depend, make enabled for the foundation 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 a 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,
8:47 am
it tells africa economy a not out of the woods and the economy and investors in south africa will remain. and both do a huge political uncertainty and electricity because that will complicate economic recovery from the last cry too. but i hit the country, i said, just depend on me, 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 market shock to just the inflationary pressures that have been worse than by the russia grade, but that me and there will complicate south africa to i cannot make the recovery. yeah, i'll pick you up on the inflation start. i mean that's the problem that countries around the world. 2 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?
8:48 am
so that consistent increases in interest rates aim to to soften the inflationary pressures. but we were talking about, we see that the inflation has a low down slightly over the past few months. however, it reads record bodies of $7.00 person 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 central buying to go to dina 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 so about figures are going to make recovery entering than
8:49 am
we are. it's a very difficult balancing act, isn't it? let's talk about s. com, which is south africa is electricity, public utility company, a vital business for south africa. it's an ounce that has no funds left acquired diesel until april 2023. how big problem is this? how much is it going to cost people's lives on the economy? yes, so we've got access to electricity in south africa. we will remain constrained by fiscal inefficiencies and ramp and corruption come denouncement that they have run out of funds to acquire diesel will be be brought 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 delivery plan activated during periods of pick thompson or emergencies,
8:50 am
which will leave me at the capacity of the company to react to unexpected circumstances. will expose companies from the operating in the country through electricity because or will force them through, in best enduring writing, their own energy in the band, and these allegations of corruption against president cyril roma pose. i've 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 rece, the potential increases and then red, a result of a political condo in the, in the, in south africa, the government. we see that
8:51 am
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 increase in public discount. that's what is the 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 for external shocks, but we will be exposed to the political climate in south africa. we feared that these unresolved social riv, with all the laid through to disrupt the protests. for example, in july last year, we thought that the imprisonment of j come zuba,
8:52 am
tree guard protest in the country. and while the protests were parked by political factor, they were pretty much fueled by underlying and resolve issues that just unemployment inequality and poverty. we see that the government has been unable to resolve these issues and therefore will continue to feel protest and increase their itself. the instruction for business is really good to get your thoughts. alicia montana, africa on list and research associate with intelligence company v risk maple call funky, thank you. trim farming is a profitable business in india, but conservation is say that it's endangering the environment. they say the government should encourage more sustainable cultivation. the country is one to 5 nations that signed the pact to the you and climate science in egypt to protect mangrove forests. poverty missile reports from the southern states of carola.
8:53 am
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, an attrition, rakish men and started shim farming last year. he says, this modern method is more profitable. and the natural bond of where you of a, you're doing the load entity here we are doing in the high density are the same time off in your, you'd be doing a like ford goes to the new year. if you combated with the natural one, they are doing good place in a year, so that is a more different then. maybe you can do more culture at the same way you can own 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 mangroves. i've been clear to make way for them. careless forest cover
8:54 am
has reached a historic low. in some areas, there are motion farms and man groups. most of what remains is privately owned and unprotected mangrove have been globally recognized as one of the best ways to counter climate change. they observe mo, cobblins and other tropical forests and also project lines from natural disaster, such as an army, signed to say that depletion is threatening ecosystems and local economy. our own 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 chemical enough farmers use chemicals to kill all the organisms in the water. and this is done before they put the shrimp, see this water that flows into the river. think 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 mangold protection. they said these can co exist which and
8:55 am
farms we how to do sustainable from farming. and we have traditional method of shim farming, breland 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, the, and even the restoration becomes a difficult thing. these landscapes men and says, 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 happen affected on the economies of both nations, have taken a knock. marianna sanchez has a 90 day national health emergency in bed when it weather as migratory. birds from north america
8:56 am
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 or produce ugly cultural health services. nearly 37000 birds were slaughtered this week to control the spread, buddy nick while thought it was much worse. the government says at least a $180000.00 birds will have to be cold to protect the poultry sector, which generates 23 percent of quotes. agricultural g, d p is the focal effect on this outbreak is contained all protocol start being applies to 8. does not spread into 5 kilometers buffer jones. there are no more contaminated farms. commercial producers in both countries say they have taken
8:57 am
strict measures to secure their farm perimeters. business government has bad life bird markets. the industry accounts for 2 percent of its g d, p. and it's the most consumed protein among low income peruvians mobility way better. if the worst thing that can happen is that the 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 they do, 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 have each south of lee must say the stench of dead birds is too close. is that my amanda was going to be with coles different entities to come and clean up. they came one day and took some dead birds
8:58 am
and never came back. people come and try and see the bats. i me want to prevent this from happening to oh, thirty's, hear an inequality 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 a shore for time to rest. are beek and that is all show for this week to get in touch with us by twisting me at marlene site, do use the hashtag a j ctc. when you do or you can drop us an email counting the cost at al jazeera dot net is our address. as lot small for you online, al jazeera dot com slash ctc, that will take you straight to our website, which has lots of individual reports, links and anti episodes for you to catch up on that. is it the sedition all counting the coast? i'm on the inside whole team. thanks for joining us. the news on al jazeera coming up next. ah,
8:59 am
i can an image represent a truth or merely mimic the perception of the beholder behind the camera. preconceptions, one sided imagery, reclaiming narratives, and the trauma of colonialist zation and its lingering legacy delicately addressed . as a western filmmaker seeks artists in the democratic republic of congo, stopped only not a witness documentary on al jazeera, from propaganda unmanaged manipulation to the colossal consequences. the listening post reveals the powers behind the media and the impact on our lives. it's one of the biggest reasons why you're off is back at a democracy. there's no accountability on al jazeera, big business, pollutes and plumbed as the planets we actually have to shift from pursuing and as growth to driving, governments constantly fall short on their own climate promises we have to happen
9:00 am
now is the real way couple will the government, modern systems off failing nature and humanity. discovering how the systemic change is needed for the planet to flourish could happen in conscious tweet. when you find them to rethink, thrice, coming soon on al jazeera, ah, hello there, i'm the sounds he attained our home at the top stories here on al jazeera, at least 7 people have now been killed during protests and peru. demonstrations began last week when former president pedro castillo, was impeached and arrested. his successor, dina law say, says she'll ask congress to call alley elections. marianna sanchez has went out from lima earlier today about 2000 people took over the airport in the air region of ada. keep on this is the 2nd most important city in the country. they.

35 Views

info Stream Only

Uploaded by TV Archive on