tv Counting the Cost Al Jazeera February 25, 2023 12:30pm-1:01pm AST
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they have but that in storage, so they can only by low about if you want to sell, he'll just have to sell low for it in an would a face to same problem? what is called the flowers. if it wasn't for days trotter's and their non profit group, rural rising, coming to the rescue and buying them at a fair price, one of the reasons vegetables and other farm products have become so expensive is because they're past from one trader. so another before they reach markets. well, these vegetables are going straight to manila, and many have been pre ordered through facebook at below retail prices. one truck, 3 tons of coley flowers in a few 100 kilograms of anya's small amounts, but these so called vegetable rescuer sate. they're making a difference. one farmer and one community at a time. barnaby low al jazeera, he lockwitzer northern philippines. ah,
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this is al jazeera, these are the top stories voting underway and what's being described as nigeria is most unpredictable presidential and parliamentary elections in years. one of the main candidates, bullets noble has just cast his ballot and legs more than 90. 3000000 people are registered to vote for the new president and members of the national assembly. comedy dress has more firm legos. the last few weeks or few months, we've seen how the political scene or political calculation, something changing almost every day. however, what remains to be seen is what happens today. the politicians of launched their campaign in several locations and across the country for the last a few weeks. but of course, their decision rests with what we're seeing here today is we're setting up a fully boot right across the country and voting by the way. i've been deleted several centers. we don't know exactly what's the reason for that, but just the reports may getting across many states in the sky. the,
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you and the u. s. have imposed new sanctions on russia for his war in ukraine. the mattress aim to prevent the kremlin from funding its military, as well as blocking access to the latest technology. ukraine's president says he plans to meet chinese leaders. she's in pain to discuss a piece proposal by beijing. china released its plan for peace between russia and ukraine on friday, that follow tolls between shop chinese diplomat one ye, and president vladimir putin regime he's calling for an end to western sanctions on russia. us as wagner mercenary group says it's taken another village in ukraine is it in circles? bar mood mckeever relies just outside the frontline city where intense fighting is taking place. at least 3 people have died as a result of a massive winter storm raging across the united states. more than 2 meters of snow is forecast or parts of california, los angeles as good as 1st blizzard warning for 30 years. those are the headlines.
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news continues here on audra 0 after counting the cost could buy one year after ross is invasion of ukraine. what are the lessons learned? what i've learned is that in europe we are a small continent fan. we don't really know each other's history. how worried are you that if putin succeeds in ukraine will be an invasion of your country? as tony as prime minister talks to, well, jesse, i tell her that i'm the cloud. this is counting the cost on al jazeera. you'll look at the world of business and economics this week, one year off to russia's invasion of ukraine. the west is still rolling out sanctions against moscow, but all the measures hurting financially and who's paying the price. also his
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weight from an energy crisis to shortages of food and fertilizer. the war in ukraine has up ended the global economy. in many ways. we learn how bakers, as far as cynical plus india's largest international carry us seals, the biggest aviation dale in history. as it seeks to reinvent itself, but can at india compete with well, exist airline? ah. so then the rubel reduced to rubble and the economy cut in half. so said u. s. president joe biden off to unprecedented sanctions on russia nearly a year ago. the country's banking energy and manufacturing sectors, access to global trade and the oligarchy. they've all been targeted in an attempt to undermine moscow's war effort. but russia continues to export oil and gas in the war, rages on. and while the institute for international finance predicted,
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the russian economy would shrink by 15 percent last year. in fact, it dropped by just over 2, scent, making weapons for the russian armed forces has kept the nations factories busy, agriculture, construction, and hospitality sectors. they all grew according to russian statistics, but manufacturing and retail trade saw a decline. well, living costs in russia had been rising for months, leaving people struggling to pay for essentially, and with a rouble weakening against the dollar. more tough times are expected. alhashan reports now from moscow war sanctions and the global economic downturn are reducing. what dosh i can put in her shopping basket to feed her family chest. we began to focus more on a st. your products due to the fact that prices have risen. we buy what we need, no extras, because the priorities are already too expensive. for example, we now lease fishing before the people and most quarter, paying more for less dash. i can only afford cheaper goods.
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this, in general, the cost of the se basket has increased by 30 percent. we spent a more of our budget on groceries in before because wages have remained the same and food prices have risen. western sanctions imposed on russia have led to major international brands pulling out of the country. local companies are trying to fill the gap last year, it was possible to fill this basket with more goods for less money. that's not the case anymore. after nearly year of what russia calls with special operation and ukraine exports are saying the government is trying to control prices. but that doesn't seem to be working. although property rental prices are fallen the last year, utility bills have increased by 9 percent, according to official numbers. big data experts say gator janski's says people are only buying what they need to celine, you're still not our appear on your part. you mr. unfortunately,
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the rising prices for a central goods is faster than any increase in people's income pre approval, but people are adapting to the difficult situation with the reducing expenses, not not related to a central good sort of club. what survey says? inflation has reached nearly 12 percent in the last year. what grad, faster mill prices are rising above that 4th grade. his directness of i'm with your name in moscow. there is an approved minimum wage of about $280.00, but it's obvious that living on the minimum wage is quite problematic. let me officially moscow says the conflict in ukraine is having a minimal impact on the lives of russians. what on the ground, the reality at fia is very different. what on joy now from london by maria, she guinette, she's a senior fellow at the international institute for strategic studies. maria, welcome to al jazeera. at said, the bottom line is the situation in russia is not quite, as biden said, it would be a year ago following the sanctions. but it's still
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a very difficult situation for the man and the woman on the street. absolutely. we have to say that after a year of sanctions, the picture about their effectiveness is rather mixed on the muckraking my level. the economy has proven to be much more resilient. if we'll look at the numbers of gdp, it's constructed only by 2.2 percent. last year, inflation unemployment, the manager below. we haven't seen any bank crowns. the financial system has stabilized under the picture. the criminal wants you to focus on that. everything is going according to plan that the russian economy is strong enough to was a distinction storm. but that the trick was sanctions that it's hard to capture them in one nice number and put it on the slide in terms of the macroeconomic figures, which thinks that they need time to unfold. and they have cumulative effects across sectors because they, they,
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the companies. so it's hard to give you that number. so we have to zoom in on the design of things, just how it has been adapted to them and the role of the country. so as time goes on, the effect of the sanctions will become more obvious, is that, is that the case? yeah. so that the idea was thinks is that they need time to unfold simply because as the wisdom in on one set to for example did the end. when you have the implementation, it's oil embargo last december. and we'll see the immediate impact on the russian budget. and the kremlin pain, our $160000000.00 euros per day in last revenue. if we add the embargo, fine products at that number in the high, over 260000000 euros per day. so it's a cumulative, it doesn't mean the will have
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a shock effect. the sanctions will make russian economy collapse. but that add the, the effect which will unfold over time, but not enough to have a visible effect on the war effort on russia's war. if it hasn't just weighted putin's reverse policy that was sanctioned, it's all about your expectations, right? if you have height and expectations, the sanctions will stop the war. that's not the case. to have to be clear about the limitations of things and what they can do. they can constrain nurses ability to deprive the colonel in capital technology, and that's with where she was, expert controls and semi conductors with distinctions on the energy sector. but they con, it's still the work they can shave the conditions in which this water will and, but we have to be clear, realistic, what they can do on the battlefield. then the russian president, selling it as an opportunity for russian companies to fill the void left by those
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foreign companies that left the country. there might be some short term profits for ration holger. and indeed there is, i think that see, and then of the 9 to buy back in town where you see western assets trend is us, us is a b in redistributed to oligarch. i knew people suddenly became the owner of this business. but that's very short term picture long term did the picture of the economy, the belief because it's time to go in the multi phase decoupling in terms of energy, commercial, financial, and also technological. so the real location of acids is only of short term nature . it's not about the economic prosperity of the russian economy. more sanctions now being added will that run things up? will that make a difference? it's not the sanctions of massive consequences. there are areas where we can, hey,
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kids much more tighter. but the next thing to package is main kid is the idea to make it more costly, more cumbersome for us to adopt and also to why them the budget deficit has already emerged in december. so from the you have to point of view, the idea of things is to, for us to choose between funding it's mountain, military, war effort and also sustaining its economy. and that, that challenge is becoming more tricky how to cover the budget gap. that is why, while the fiscal policy options narrowing, so as the war goes on, it becomes harder and harder to, to prosecute the war effort. is that the think? yes, so the we have to look also on we have to look at the mission reaction. what they
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do is to adapt to this type of sanctions and i put controls. and here i think that all of those countries is really key. how china will position and so whether it will provide the lessons, how churchill position, so whether it will provide some conduct con, domestic use. so there's all components that need to be in place to have a comprehensive picture of the effectiveness of things. and what about the kind of the balance by the rebound of sanctions, if you like, the effective sanctions on other countries? it's nobody intends, oh, sanctions, let's say on russia to her other economies. the whole concept of smart sanctions is to avoid collateral damage to the outside country and also to spare any unintended consequences for local population. and that has been the case since 990 since the iraq war. so we can say that sanctions, as
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a concept, is the magic tool that can, you know, split the collab the economy and avoid all of the collateral sandwich somewhere with this just on the boy, the bill by the share of complexity of things that have been put in place, and we have to say, russian thinks is a one of the most complex now on the table. so certain measures have been put in place from the you from the us, from the u. k. to make sure that companies are not over compliant when the tremendous. so for example, lots of guidance is been issued in terms of shipments of fertilizer or a grain, but it's not on the sanctions regime. also the price of the whole idea is to allow shipment include in the refined to the country to not and not to aggravate the situation with prices and who are at mara. appreciate that. we'll leave it there. thanks very much. maricia gina from the international institute for
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strategic studies. thank you haven't. of course the war has caused pain in europe to energy prices sought after russia largely cut off gas to the continent. european countries scrambled to win themselves off russian supplies to try and ease the energy crisis, diminishing household income's, and while efforts to become carbon neutral by 2050 have accelerated in some countries. other nations have reopened old coal plums. latasha butler reports now from eastern france, with its half timbered homes, the small eastern french town of mutter, sholtes is steeped in history, but it's a community firmly turning towards the future. a decades ago, the mer launched a project to build a hydro electric plant. it came on line 4 years ago and now generates enough electricity to power the towns public buildings, a huge asset the time when energy prices are rising, latortia is off ineptitude,
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being self sufficient when it comes to energy is something everybody wants know, particularly as prices are high, but here we certainly feel more relaxed because ominous our buildings upon but this plant. so we have barely any extra costs. solar panels on roofs reduce lighting and better isolation for buildings are all part of the mess plan to generate enough electricity. one day for the whole town. and since the war in ukraine mutter schultz is become a model for other communities looking to do the same, jeremiah grew more taller, likable to change, but we can't do it alone by the has to be collective approach. what we're doing in this town could be done nearly anybody don't want the push for energy independence in this town is the sort of project being encouraged across france and elsewhere in the european union. as the block accelerates its effort to transition to green energy because of the war. after the invasion, the you launched emergency measures to speed up the rollout of renewables, including wind and solar power,
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as part of the blocks and to be carbon usual by 2050. is a by say, the war in ukraine made us see that russia used energy as a weapon and was no longer a reliable partner. so we had to launch a strategy to replace russian gas with alternatives, including ellen, g, increase renewables, and reduce our overall consumption. it's clear that concerns as a climate change were already driving the use green transition, but the war in ukraine has injected a new sense of urgency and an awareness. the energy independence isn't only desirable, but also a question of security. well, from weight to vegetable oil. ukraine, russia, our agricultural power, houses, and major exporters to the world. of course the war has disrupted the global flow of goods pushing the prices of food and fertilizer to record highs. in senegal, the government is encouraging bread makers to use local grains to keep costs down.
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nicholas hark reports now from northern cynical st. out of the oven, a batch of freshly baked bread. ah, when russia invaded ukraine a year ago, bread macomb was dev herself smelt trouble. because war torn ukraine is the biggest exporter of wheat to africa is as excellent as what we are looking for. sol wasn't going to let the shortage of the green stop him from making the best possible loaf great lead, mixed great bread. this is read that has been cultivated and harvested here in synagogue, the 100 for for the local. as you can already see, we find a lot more nutrition, better quality is much of a bed of bread because of the real being grown locally. this is cells ancestral land in the cell region where agronomist planted in experimental variety of wheat
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that can withstand desert temperatures. but i always thought you'd look at it. it's incredible because at 46 degrees celsius wheat is growing here. emma, it's a miracle and thanks to the crisis, every once interested in our research and we have no more stalks of grains to give out, samples of the grain are being kept in the safe house. so scientists call this a seen bank and inside these plastic cups are a variety of weeds from across the world from ukraine, syria to mexico. scientists will grow them here in these conditions because since russia's invasion of ukraine, the shortage of wheat have government in the region fearful of social tension. most african countries continue to rely on wheat imports and food prices have shot up after the war of you and says to a 120000000 people face hunger with bread, it becoming unaffordable to many. so i to them, if i didn't to of our country and ensure quality of hunger, that is enough weeks on the market issue as well. my phone is latter,
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and from countries are constantly depending on this market. now there is a shock replacing ukraine's wheat by local greens, like marine gas, millet or local wheat is not just a temporary solution, but a gradual change the way senegalese consume beat goods. a desperate attempt, the face of a war on another continent, roughly effecting millions of people across africa. ah, a boeing expects india will become the 3rd largest market for air travel behind the united states and china. within the next decade, the country's largest international carrier is banking on the booming business and what's the modernize its fleet and expand its operations? air india has made the biggest order of new passenger aircraft in history worth more than $100000000000.00 at less prices. the airline which is owned by totter sons, will buy 250 planes from the european plane manufacturer, air bus,
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and 220 from its american rival, boeing, french president. manuel micron called it a new success and an opportunity to develop new areas of cooperation with india. and you as president joe biden echoed the sentiment saying the boeing order would support more than 1000000 american jobs. all right, let's take this on that from me by i'm joined by jack. i'm not a pad, man of hon. gigantic is practiced leader and director of transport, and it just takes that crystal target. and thanks for joining us here at al jazeera . so air india made it last aircraft purchased 20 years ago, completely up and did that now? will this huge deal turn the line around? do you think? yeah, thanks for having me. be with you. if i hadn't made a significant announcement in terms of purchase of closer to 470 i've been going and ad. but also, you know, at india has been,
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know the last group and strategy has been put across with both cost of money. and i didn't get to happen in an extra months or so. and the cost which would be the adding the express and show coming into full. so a lot of radio has happened and is going to happen. play out in the next months to . so i think it's a big step in the right direction and very much, pretty much the ambition that they have in the being significantly in the growing india market and to india also to so it was across the international market as well . so the aspirations of india is quite significant then the added days going to be stepping up and are getting stopped. paying the fleet in this way presents
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a huge logistical challenge. just to tell us more about that, the kind of challenges the air and we'll have implementing this. yeah. so i mean in terms of the implementation of the good thing is traditionally between the boys and the us. and they continue to do that to that extent. it is, it is not something new for them. and so it is the case and it's been just happened with the invoice. and that was, is about putting this one, get about ready on fashion and want to get to the 2nd part is that adding the had some of the gauging feet. so they have added a necessary position. all of this and bring in so it's more of necessity, which for them to go for this kind of change and hands it would be able to come change. right. so there's a lot of replacement going on as well as a,
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as soon as people just put in has about close on the don't wait 40 has about 40 on the audio 70 on so we can see that much of this will be times of replacement of the parent and the other part is that other adeline's have gotten pretty much fried in them. so even in india, indigo, the complete is pretty much you know, and has from a customer experience they have been put to get in to get in the new ad crash on august 8th. and after they log into the production and the friend, the fuel consumption and eventually be able to be offered. so on this kind of variable ends pretty much up to date such as part of it and adding the had the history of off running and all and hence they will be able to kind of integrate
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with both of these players. now trouble rebounded pretty quickly in india. after coven, why was that? in putting with into the international part. and yes, i think a lot of that goes into the, the basic is more than the vaccination because we were able to make it mandatory for all of them. and made it also affordable and accessible to the larger population. and many of them went through this early on. i mean, the over didn't really impact us significantly in the initial 2nd port road, maybe one, but then they did it on the bombs back that industry bounce back and you're seeing the blades and adolescents listen linked to the office, and hence that correlation. they don't really read for india. the 2nd part of it is
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also a lot of the lat onto that, on the domestic se, want to come back in office is opened up. so that's next to the 2nd one is in terms of the domestic buddhism that also really in the last one, jack, what about from a sustainability perspective because by an enormous fleet like this isn't exactly looking towards a carbon neutral feature that yeah, so it is one aspect of it, but today it's, i'm an old asportation if you look at that and india, this is significantly still in terms of or transportation. so the kind of migration which is happening in india from the villages into the cities is quite significant. so the explanation is high up from a capital very low in terms of not going to
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be. and so all of this needs before we can stay below. and so the other transport that we have is, and the profit into that the population which goes by and is finally less income goes to $140000000.00 of the animal, british $130000000000.00. so you get the conference trade. so it's very minuscule and hence, going forward we still have a long way in terms of our journey. gave ition perspective. and then many of these adeline's and how we are able to kind of get new ad crash coming through head by please. using the footprint from the oil to the new. alright jargon, we have to leave it there. thanks very much. and if you have perspective here in algebra, thank you. thank you. and that's,
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i'll show you for this week. if you'd like to comment on anything, even to me, clock al jones, please use the hash tag a j c to see us drop as an e mail counting the cost at our desert dot net is our address. as more for you online downs dot com slash t t. c. that will take you straight to our page and individual reports, links and tire. so it's for you to catch up. but that is it for this edition kind of cost. i'm nick long from the whole team here. thanks for joining us. the news is coming right? ah ah .
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