handles there are ads, dw news to stay with us from me, and the rest of the team here will cease. ah ah, every day for us and for our planet, with global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable

smarten solutions overseas said in our ways, earth is truly unique. and we know that, that uniqueness is one allows us to live and survive. google ideas, the environmental series in global 3000 on d, w, and online. 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. the stock markets rebounded on friday even as russia pressure pressed on with it's attack. the 3 major us indices closed tire. meanwhile, january's inflation figures release today show us 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, the 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 today. can you walk us through this? believe it or not, optimism is back on wall street. just look at the market today after falling more than 800 points in today yesterday on the stage a lead recovery. today the markets rose more than $800.00 points and actually stayed there. this coming despite, as you said, a high court inflation report what court inflation was up 5.2 percent. and if

you're wondering what pushed the markets higher today, it was the kremlin, reportedly saying that is ready to send the delegation to beller rues for negotiations with ukraine. now this also comes as russia is closing in on kia, but also with global leaders continue 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 market 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 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 trio, political turmoil, inflation that's been put to the back pages and that's understandable, but it's pension, hopefully, and eventually should ease up. inflation is going to return to the headlines for many reasons. russia, a big local 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 or the control in order to stop the spike. many are now turning to the fed because they have the authority to increase interest rates. and surprise, surprise those price increases. now with the fed raise rates next month, they're supposed to, well, they raise rates at a quicker pace and it's scheduled. we'll see it's not for me. it's not 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 putin, 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 rushes access to semiconductors, 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 economist, capital come in of the keel institute for the world economy. and i asked her, what impact these latest sections 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 finance, financial sanctions that i mean 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 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, so 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 onto this option to use later if necessary. what do you think you 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 and 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 i'm european 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 i'm 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 companies ex, pointing to russia or to ukraine or producing and russia and ukraine. and one possibility to kind of support these companies would be installing european equalization fund in order to just support them and support the company's affected . 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 bell, roost, 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 georg stockman gas problems pursuing a policy of m. t pipelines. while there's a possibility of exerting brush or on the transit countries, either to obtain a favourable contracts with a horn in a very targeted manner in supplying gas to individual countries, thereby exerting 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 tut. 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 yum of 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 the orchard part 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 in a 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 about 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, 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 rushes invasion of ukraine will force germany's largest car maker volkswagen to halt production at 2 factories next week. it's plant plants and dressed dress and figure 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. ah. what making the headlines stand, what's behind d, w. news africa. the show that the issues have been the continent. life is slowly getting back to normally well 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, return to normal and we visit those who are finding it difficult with success in our weekly coping 19 special ed, $910.00 special. in 60 minutes on d, w o. and they've had paid for decades that people of iraq country is devastated and there's no end to the violence. how

did it come to this g, like witnesses, review, an unprecedented story, a life, much of the great documentary series, iraq destruction of a nation starts march 4th on d. w with this s d w, news, africa coming up on the program. what happens to africans? stock in ukraine, up to russia invasion. many africans are desperate to be bach, weights at home to safety. we speak to an idea and students in ukraine who was woken up by explosions. also coming up we take you to be therapy out 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.