of the gas prom logo from their shirts. russian energy giant, currently also sponsors wave. you're watching t w news live from berlin. our business bulletin is next with a look at the economic fall out of the russian attack on ukraine. stay with us. you can always get more headlines on our website, that's d, w dot com stories that people the world over information. they provide them opinions. they want to express d, w on facebook and twitter, up to date and in touch. follow us with g shalicia. what was more, what?

which knitted, gained langston looked bold rodney some way, but i, she couldn't . is the aggression kuhn chose this war? ah, stock market's rebound after the equity sell out following western sanctions, which targeted russia's finances left its energy sector largely untouched. also on the show, a key pipeline to europe flows in reverse as russia puts pressure on gas transit countries. this is dw business in berlin. i'm christy. plats and markets have been on a wild ride this week after russia's invasion of ukraine and the ensuing sanctions

. after steep drops on thursday, stock markets rebounded on friday even as russia pressed off pressed on with its attack. the 3 major us indices closed higher. meanwhile, january's inflation figures released today show u. s. consumer prices rose 6 point one percent last month compared with a year ago. the u. s. federal reserve has said it will stick with its plan to raise interest rates next month, despite uncertainty posed by russia's invasion of ukraine. for more now we go to new york and our financial correspondent, james sweeney. james, we saw a bit of optimism returning to day. can you walk us through this? believe it or not, optimism is back on wall street. just look at the markets today. after falling more than $800.00 points into the yesterday, only the stage a lead recovery. today the markets rose more than a 100 points and actually stayed there. this coming despite, as you said, a high cor inflation report,

what court inflation was up 5.2 percent. and if you're wondering what push the market is higher today, it was the kremlin, reportedly saying that bruton is ready to send to the delegation to bellows for negotiations with ukraine. now this also comes as russia's closing on kia, but also as global leaders continued to discuss the role of sanctions. but it's that specific headline or russian delegation wanting to negotiate with ukraine. that is injected positivity into the markets to close out the week. right, james? well, let's stick with that topic of consumer prices again for a minute. i mean, it sounds like at things could get worse before they get better. well, an interest rate hike from the fed be enough to keep inflation under control. all right, so inflation continues to rise, but the middle of the political turmoil, inflation that's been put to the back pages and that's understandable, but it's pensions hopefully and eventually should ease up. inflation is going to return to the headlines for many reasons. russia big global producer of oil any disruption to its output, especially sanctions. will some prices sharply higher, in fact, the markets even pricing it in all week long. so americans should indeed expect the

price of the pump to write soon. but to answer what can be done to keep inflation at the control in order to stop the spike. many are now turning to the fed because they have the authority to increase interest rate and surprise, surprise, those price increases. now when the fed raise rates next month, they're supposed to, well, they raise rates at a quicker paste than it scheduled. we'll see, it's not for me to stuff for me to determine. it's for them to act. that was james sweeney in new york. thank you. well, that was our u. s. market reaction. let's take a closer look now at the latest sanctions and how they are affecting russia in terms of a financial sector. the u. s. was putting restrictions against all major russian banks. meanwhile, the u is also cutting the ability of the russian state to access the block capital markets. there are also assets freezes and travel bands for a number of individuals including putting as well as politicians and oligarchs with close ties to him. other sanctions target the technology sector,

the you will stop supplying high tech components and software to russia, and the u. s. as it will severely restrict rush us access to semi conductors computers and telecom equipment. now still on the table, disconnecting russia from the international payment system. swift. but that would come with severe problems for western countries too, and has not been agreed upon. while earlier i spoke about this with trade economists, catherine, come in of the queue institute for the world economy, and i asked her, what impact these latest sanctions will have on russia? well i guess it's important to look at the sanctions that are on the table right now. so 1st of all, we do have found in financial sanctions that are maybe there to target russian bangs it is about exclusion of those and of certain companies from the u. s. and from the you financial market, but also from payments and dollars, which is very important. so this will definitely increase the cost for credit for russia and for and will give rise to inflation. and, but we have to be aware that this is something that will only impact on the medium

term. then we have some expert bands for some spare parts and technology and high technology needed for maintenance of gas and oil producing facilities. but as well as the transport sector, especially the air transport sector, this is also a rather mid term effect and it will hit the defense industry. it will hit of the transport and the energy sector. so sure, some spare parts could be substituted by the countries, but it's the question whether they really want to do that. and we'll do that and can do that right? well, for weeks now we've been hearing about whether russia should be excluded from the swift system, which is of course, the system for countries to transfer money between them. why has the west stopped short of taking this step? yeah, so they're basically 2 reasons. one reason is that european banks are afraid that they not get their money back, that they borrowed to russian companies, but also to russian banks. so this is one of the bigger reasons, at least being,

being listed. and the other reason is that, of course, there are some european countries are very dependent on russian gas and oil, for example, germany, but also italy and they are against it. so they really feel that in the case of an exclusion of russia from swift, they might not be delivered with gas and oil anymore. so that's basically the 2 reasons. sure, sure. well, i mean, germany has said that it wants to hold on to this option to use later if necessary . what do you think it would actually take for this to happen? yeah, this is a very good question. and honestly, i don't really have an answer to that. i was wondering, colleagues were wondering, twitch, i was wondering about that because we see a very heavy escalation of the conflict right now. and we don't know what kind of escalation germany and the other countries against the swift band are actually waiting for a captain. i'm actually going to ask you one last question. then we'll let you go. how do you think that this situation is going to affect ordinary

europeans, the country's already been struggling with high consumer prices? are they going to get worse at this point? so for sure, i guess when you are being consumers have to be aware of the fact that especially energy prices will be rising. we will, we always have that in conflict situations even without am sanctions taking place. that is going to happen that is already happening. so this is something consumers can, you know, really be sure off. and the other thing is that certain companies will definitely be hit by the sanctions. and by the conflict. so especially i'm companies exporting to russia or to ukraine or producing and russia and ukraine. and one possibility to kind of support these companies would be installing a european equalization fund in order to just support them and support the company's affect it. that was catherine coming of the kill institute for the world economy. thank you so much. thank you. high gas prices

out of russia are putting poland, the baltic states, and germany under ever greater pressure. the u. mol. pipeline transports natural gas from the amal pins, la peninsula in siberia, by a russia, bella, ruth and poland, to germany. it reaches germany and brandenburg and from their russian natural gas is distributed around the country. there's only one problem. the pipeline has been operating in reverse since december 2021. the path of the yama pipeline is clearly visible in poland forests. yamaha is just one of 4 natural gas pipelines built to transport russian gas to western europe. but for months now, the 5400 kilometer long pipeline has been empty. russian state own gas prom hasn't been sending any natural gas to germany storage facilities

for g eog sac mon gas problems pursuing a policy of m t pipelines while there's a possibility of exerting rusher on the transit countries either to obtain a favorable contracts or in a very targeted manner in supplying gas to individual countries, thereby exerting the pressure on other countries. thank. don't receive their gas. it is a, the emily pipeline policy, as i call it these, what gas promise been aiming for for many years. but poland and the 3 baltic states have been looking for ways to become independent of russia's gas supply. lithuania and poland have built their own ellen, g ports, and now purchase liquefied natural gas from carter, norway and the u. s. north of closing them in western poland. the yamaha pipeline meets the new baltic pipe from the west. poland

took the initiative. the baltic pipe is being built with the help of denmark and the european union. it's expected to deliver natural gas from norway to poland. very soon and go into operation as early as the 2nd half of this year. that would make poland independent of russian gas. and it could also transport gas from the west to ukraine. cost of the pipeline around 2000000000 euros. and you should also see that occupy is also to say, a parallel project to the expansion of the energy port terminals. so in the future, main supplies to poland could come from illinois, t or from the occupy germany in the netherlands, already purchased natural gas from norway. now poland and other eastern european countries are joining in of, and it's not the point. it's the polish pipeline is added that there will be more competition for norwegian gas in norway itself is in planning to raise production

significantly in the next few years. however, this must be reassessed in view of the current supply situation in europe with the restraint of russian exports of the cards in the european energy market are being re shuffled the entire pipeline system, including the yama between russia and the e. u is now being phased out once more, here is some of the immediate economic fall out of the most recent developments. russia says it will partially limit access to facebook after it's using the social media platform of censoring russian media. it is the latest move in a series of steps against us social media firms. moscow has been trying to exert more control of the internet. ne bid to silence kremlin critics. russia's invasion of ukraine will force germany's largest car maker volkswagen to halt production at 2 factories next week. it's plat plants and dressed. dresden is vic, how are experiencing a delay in getting parts made in ukraine?

the move will affect thousands of workers at the 2 facilities. well, that's all for me in the business team here in berlin for more check us out on our website d, w dot com backslash business. you can also find us on youtube, youtube and facebook until next time, take care. and making the headlines and what's behind van d. w. news, africa. the show that the issues have been the continent. life is slowly getting back to normally on the street to give you enough reports on the inside of our cars. funds is on the ground reporting from across the continent, all the trend stuff. the mazda you next on

d. w is the end of the pandemic in site. we show what it could look like will return to normal. and we visit those who are finding it difficult with success in our weekly coping 19, especially over $910.00 special. in 60 minutes on d, w. o. or driven by mercer, the st. others are facing the destruction organic. when the invaders came to present that they should have done the make sense to the, the government is trying to destroy the indigenous people with a large scale bursting with grabbers or exploiting b,

amazon rain forest. indigenous peoples are now briefly opposing them because it's not only the earth's brains long that are dying. the rain to cease to exist and or beagle die out. a long term report from the heart of brazil start to march 9th on d w. b . this is did on the news africa coming up on the program. what happens to africans stock in ukraine up the rashes? invasion? many africans are desperate to be bach, weights at home to safety. we speak to a niger and students in ukraine who was woken up by explosions. also coming up, we take you to be therapy at to meet some of the women suffering the cruelty of all . the un says all sides and the tea gray conflicts have used rape as a weapon of war and.