weapons, they stays out of all their potential sanctions measures when tensions were already rising. and now since russia's invasion, the german government really has done it has performed a $180.00 degree turn on its policy. olaf shuts their devon chancellor calls this putin's war. he says the bloodshed must stop and he says there can be no to booze any more. this must be sanctioned. this must be punished. now of course, they say something or where germany was late and many people still criticize that. but this is also not just the ukraine crisis, is the message here from the german government. this is potentially about defending something much bigger about european values. there was our political correspondence, nina harter, of the effects of the russian invasion of ukraine. there being felt the world over, including in the united states were many russian. americans are watching events and weren't, are corresponded in his po, has been talking to people in

a new york city neighbourhood that is known as little or dutch. over 3000000 americans identify as russian around 600000 live in new york city, the largest russian population in the us. this is little odessa, named after the ukrainian city home to people from across the former soviet union. officially, it's brighton beach, but you see and hear a lot of russian the war and ukraine is very present in the hearts and minds of every one here. yet, it's difficult to find russians. we're happy to talk to us. but over burger laverne to you knows letters to listen to very simple move to serve meandra cause the marshals are not support proposal. believe arthur, if it's for many russians,

worry that speaking on camera might make things difficult for their families. back home, people from other exited countries, though, are more forthcoming. i can't sleep. i can't stand didn't, i can't, can't of all, he know, my family, me. my friends, everybody. reliable crane. damn 40. no, barger goody. no. just mom. no bye. dear good. is it? which in yet, right thinks they have russian friends who ah, no one is defending what russia's doing. i don't see how it's possible. um, it's just, nobody believes the lives in america. we have, we have free media. we know the reality. well, all that put in the saying, as a nonsense, the overwhelming feelings in little odessa, our grief and anger about what is happening, 4500 miles away. well,

the war in you great is exactly a huge economic toll on russia, the w, steven beardsley, he picks up the story from the city. it's right brown. we began with new sanctions . the u. k. and south korea both announcing they are tightening measures against russia. london saying it will freeze all russian bank assets located in the country . and joining e u and u. s. sanctions against lending giant spare bach and south korea announced monday it would sanction 7 russian banks including spare bog it encourage public and private lenders to suspend their trading of russian state bonds on monday. so announce export restrictions on items that could include computer equipment and semi conductors. and the sanctions against russia have escalated at an almost dizzying pace in recent days. moving from rogers, a targeting individuals and banks to the swift financial messaging system and then rushes central bank reserves. the goal is targeting russia through its economy. a

listen to what french finance measure minister, bruno lemaire said tuesday. we'll do some hoops if he guess, yes, the sanctions are effectively give you. the economic and financial sanctions are even frighteningly affective lenny and i do not want there to be any ambiguity on european determination on the subject was an evil. we're going to wage a total economic and financial war on russia total. and i was, she, delaware would later apologized for using the word war. in that statement. he said the sanctioning nations were not in a conflict against the russian people. and yet the consequences of those sanctions are, of course, poised to hit normal russians hard. the rubel remains at record lows on tuesday. russia's prime minister said the country would limit foreign companies from withdrawing their investments. move that if pursued would amount to expropriation financial ratings. company moody's says it's reviewing 16 russian banks for possible downgrades visa and mastercard. have meanwhile blocked financial

institutions in russia from accessing their payment networks in compliance with sanctions with the u. s. and 30 other nations have agreed to release 60000000 barrels of oil in an effort to curb rising prices. benchmark brent crude rising above $100.00 a barrel on tuesday as investors weight concerns over supply disruptions. russia is one of the world's largest crude suppliers. price jump pushed, stocks indexes lower and prompted, rattled investors to seek safety and u. s. government bonds. investors are now looking to see if an opec plus meeting on wednesday could help ease those jangled nerves. it's good against corridor in new york. he ends a 7 year high for oil. are we looking at the long term return of $100.00 a barrel? at the moment to bits are that to i might be even moving higher from year on. but steve, adults are really extreme moves that we're seeing at some point a w t. i saw the

oil being traded here in new york as up by more than 11 percent. and who would have guessed about 2 years ago when briefly we actually saw a negative oil price. i can remember very well, experts say we will never ever see a trading above $100.00 ever again. so obviously all those experts can be quite rock peak oil. i think they called it yet to what extent can the us and its allies steer the price of oil without the help of opec plus. while obviously it's quite difficult at this point and we shouldn't forget to oil prices were already pretty elevated even before the war in the ukraine and started serve. we had to serve imbalance between a supply and demand. so demand coming back go much quicker than a people had to be expected. so now we have those issues, some under a supply side term. so just here on tuesday,

we heard that the international energy agency is actually opening up some of the strategic reserves. but obviously that is not doing the trick. so it seems to be quite limited. what the u. s. government and its allies can do at this point. what about us oil companies? is there any relieved that they can provide by starting up drilling and in the western regions of us? well, actually i've seen a stories that term some of the african companies, for example m a texas are holding beck's up production. so to wait until the prices are rising even further. but talking about fracking, i mean that's where a lot of the oil is coming from here in the united states, especially from the permian basin in texas and in a new mexico. and the, the tricky thing was fracking as your concept switch. so as rick, so on and off, so it's probably going to take some time before the us, sir, companies. so the big gum oil majors can really start pumping or an enormous

additional amount of oil. so it's probably going to take some time against quarter in new york falling as high oil prices. thank you. and now to some of the other global business stories making headlines, home rental company air b and b says it will offer free temporary housing for up to 100000 refugees fleeing ukraine. c o brian shasky sent letters to leaders of polen, romania, germany, and hungry, offering help to house refugees. at least 300000 ukrainians have entered the u. since the russian invasion, dana shipping giant maersk says it will stop taking new non essential orders to and from russia, due to sanctions imposed over the invasion. the suspension will cover all russian ports. it says there will be exception for food medical and humanitarian supplies. toyota halted all domestic car production for it for a day in japan. the cost of around $13000.00 cars after supplier was hit by

a suspected so cyber attack. the attack comes just after japan joined western allies and sanctioning russia. although it was unclear, the attack was related russia's invasion of ukraine and the western sanctions against moscow are disrupting supply chains which have yet to recover from the crone of virus. pandemic, aviation and shipping face major logistical problems as do exports from ukraine. the closure of russian aerospace because of the invasion is set to cause massive restrictions on international air, cargo and traffic. cargo flights and passenger aircraft to asia have to take a different route. lufthansa, cargo says that flights from central europe to japan, korea and china may take up to several hours longer and could carry up to 20 percent less freight. this will make flights and freight more expensive. shipping is also feeling the consequences of the war and the sanctions against russia. the

world's largest shipping container company, maersk, suspended all container deliveries to and from russia. freight traffic with russia is at a standstill. factories in europe biggest economy, germany are worried about bottlenecks. especially when it comes to raw materials and intermediate products and also possible price increases. german carmakers have around 50 suppliers and manufacturing sites and russia and ukraine as well. it is still too early to predict what impact the war will have russia. ukraine are among the largest exporters of wheat accounting for about one 3rd of global exports. but these exports are now at risk. and this is hitting poor countries in africa and latin american particular, as the regions are dependent upon cheap imports of wheat. ah, and his a recap of the latest developments, russian forces are intensifying their attacks on ukraine's capital to night

degrading authorities say russian air strikes have targeted keith's main tv tower. the attack knocked some channels off the air. russia reportedly warned residence near the tower to leave their homes just moments before the story. ukraine's president vladimir zalinski to day accused moscow of committing war crimes. after a new wave of air strikes, hit ukraine's 2nd largest city car keith. the moment a missiles struck at the very heart of ca, keith. this is freedom square in the center of ukraine, 2nd largest city, now reduced to rubble. ukraine says russia has been targeting residential buildings in the city with

rockets since monday. officials are accusing moscow of committing war crimes. which of old still are today? our enemy has started bombing, the city center of khaki and the residential area. i'll talk to school all the cooking, firing with grad systems and crews, minnesota. they hit an administrative building in the central square, little or no, we are counting the victims among the civilian population. sure, mark. so these are all crimes with our army is strong and we will hold compositions will nasa ottoman see, lemme see him up was easy. ah, sirens ring out across key iv as russian troops continue their advance on the ukrainian capital satellite images appear to show as 60 kilometers convoy of military vehicles close to the city.

check points into key if have already been set up by ukrainian. police and armed soldiers are a figured it was like a ukraine's allies continue to condemn russia as they look on from the sidelines. i'm very pleased with her shocked at peace in europe. a laws condemn the unjustified and brutal invasion of ukraine. the rush a sol sir, is totally unacceptable. unacceptable. anger. it is enabled by a belarus that most ukrainians don't believe the kremlin is listening. as women and children continued to flee to countries like poland, perhaps dreaming of a better life. and if they can ever get back home, oh, well, i'm joined now by sir. he paid to cough. he is

a former deputy minister of justice for european integration for the ukrainian government. he joined me to night from keith, mr. petrov, it's good to have you on the program. i want to start by just asking you, since you are in the ukrainian capital, what is happening in the city right now? now we, we have a very nervous atmosphere here. so there has not been massive attacks the last 2 days because the aunt russian armed forces that were advancing from the north were pushed back by ukraine on and it seems that they've been now changing the strategy . and instead of doing the conventional war in which they've been losing these past days, they've started, are bombed in the city and the track that happened to night ha, proof dads, i mean you, you've only stated that they want the city, you know, the key events about the intact, they stay that they go not targets the military infrastructure use for this

information and spread of propaganda without specifically stating one is going to happen. so we did not know where the strike would eventually go. and it went straight into the city, you know, in the middle of the city and 5 people die because of that. so i mean, they are using this new strategy of scaring the people trying to destabilize the government and force it into compensation. and what about the situation on the ground? you know, there are reports of a military russian military convoy. that is 60 kilometers long this about 40 miles . that is quickly approaching key. is that going to be a game changer for the capital city? now of course i've been looking at that also from the news. it's definitely not advancing quickly. it's been.