ah shlou, where i come from, we have to fight for a free press and was born and raised in a military dictatorship with just one tv channel and a few newspapers when efficient information as a journey. i had work on the trip up many cameras, and their problems are always the same. 40 fortune inequality, a lack of the pre them of the bread and garage. we can afford to stay silent when it comes to the defense of the humans on seaman whitefield,

those who have is side to prevent trust enough. my name is jenny perez and i work at b. w. ah . ah, oil, coal gas, even wheat prices sore as commodities buyers turn away from sanction hit russia, making existing stocks of energy and agricultural goods even more valuable. we'll look at the biggest movers in a while day trading. those storing prices are, of course, bad news for consumers. they'll pay more at the pump, and the grocery store. can governments do anything to battle? inflation and sanctions are taking a massive toll on russia's economy. can rely on china help. whether the storm will

look at new trade ties between the 2 countries and talk to our expert blown welcome to show. i'm see beardsley in berlin. prices for commodities sword wednesday as russia's war with ukraine and the resulting sanctions put pressure on global supplies of oil, gas, and even agricultural goods. some shipping companies have avoided black seaports around russia and ukraine, fearing they could be attacked. western sanctions have been down hard. meanwhile, tankers and ports are staying away from russian commodities out of fear they might cross the new sanctions. russian oil so toxic that one major player 0 good enough to guys couldn't find buyers for it's 9 tankers on wednesdays. wednesday with 6 and a half 1000000 barrels of oil sitting on board. well that's adding to the pressure on global prices, even though there are as of yet no official oil sanctions on russia benchmark. brent crude jumping 7 and a half percent around $1113.00 a barrel oil cartel. opec didn't providing the help they're deciding in

a wednesday meeting to stick to current production plans. meanwhile, benchmark newcastle, coal jumping 30 percent for may contracts. while wheat prices were up by almost 8 percent. that's a 14 year high. russia and ukraine, or both major wheat, ex porters, but those rising energy costs come at a delicate moment for europe. new figures show euro's own inflation sort to another record high last month. consumer prices in the 1900 countries that use the euro currency increasing by an annual rate of 5.8 percent in february inflation in europe. as in other major economies has been fueled by those surging energy prices . that were, that was the case even before russia's invasion, and it's left governments with few tools to fight it. and yet in the us, that's just what president joe biden says he intends to do. here he is during the state of the union address on tuesday. and with all the bright spot in our economy,

record job growth, higher wages to many families is struggling to keep up with their bills. inflation is robbing them of gains, they thought otherwise, they would be able to feel. i get it. that's why my top priorities getting pressure under control. all right, over the years, quarter now in new york. yes. is top priority, but what can buy really do to combat inflation? i think he's actually under pressure to sanction oil from russia, which would just drive prices further off the seems like a, a tricky bind. well, i mean, what we're hearing here is that bilateral talks and congress are intensifying to of been an import. some of a russian oil when and if that's going to happen, nobody can tell at this point, if you look at the oil industry and the oil market, it is really tricky. and even it's the united states, as the biggest producer of oil a globally, it still depends on heavier oil that is produced and overseas. so market. but if

you look at russia, for instance, about 3 percent of oil imports are coming from a russia. but clearly, i mean if you limit the supply side and that is in general, pushing prices higher, but on the other side. and that would be a pretty useful a tool to put pressure on a russia if you of stopped yet while limiting or even stopping in imports of from a russian commodities against federal reserve chairman jerome pals saying to day that he will seek a quarter point rate increase in the coming weeks. will that help? well, i mean, definitely it won't do the trick curt, immediately as tiffany hit would be a 1st a baby step. i mean, recently was breed expected that by a mid to march, we might even see a 50 or base as point an increase of interest rate. so that seems so less likely was all the turmoil going on with the war in the or crane. i mean, what the federal reserve tries to do is if money gets more expensive with multiple

interest rate increases, so you're what it is sort of a cool down the economy a little bit at this point, cooled down a demand and was that it was such a taking pressure of a price or so that's the basic idea, but that's going to take time and won't happen just because the federal reserve changes. there are interest rates that policy was in the next couple of months in florida and new york. thank you very much. bull and economically battered russia can in theory, still turned to neighboring china for help. the aging is also a strong critic of western nations. it's refrained from criticizing moscow's invasion and recent months have seen the 2 countries strengthen their trade ties. it's been a months since the winter olympics opened in beijing with fireworks and chinese president deeds in ping waving proudly from the stands abandoned by most

international leaders. she had only one prominent visitor, russia's flooded mir putin who certainly knew at the time that the relation between the 2 powerful nations would soon change. that's because russia needs china after the west test distance itself from moscow. russia might be optimistic last year. trade with china reached a record $147000000000.00. it's set to reach $250000000000.00 soon. that's 40 percent more than current trade volume between russia and the u. currently, russia is china, 2nd biggest oil supplier providing over 15 percent of its imports. the country also covers 5 percent of china's demand for natural gas. meanwhile, the food trade has been growing fast. in 2019 china allowed the import of soybeans from russia last year. it added beef to the import list, and just last week, wheat, china is also a huge buyer of timber from russia's far east,

with imports worth over 4000000000 dollars last year. asked for trade in the other direction. china sells machinery, mobile phones, cars and consumer products to russia with exports up 34 percent last year. china is also russia largest foreign investor having issued at least $125000000000.00 worth of loans for infrastructure projects that are largely tied to china's belt and road initiative. as russia counts on china as its new key trade partner, aging might show some hesitance, though weary of trouble with its western partners. should it run afoul of sanctions? or for more on this our own. clifford coon and joins min studio more. clifford, why exactly is china not condemning russia for this invasion? well, is the big issue the moment and clearly back in early february we saw that they met just in the run up to the winter olympics in which they declared that their

friendship was had no limits. that am and they were, they deepened, trade ties as we've seen in the report. and so, since it is clearly the chinese knew something about it, certainly she jumping, knew something in advance. and there's growing intelligence, incredible intelligence that suggests that they did know something was coming. and which puts it in a kind of an awkward position because since senate refused to condemn the at the, the invasion as you've said. and it's kind of gone after the u. s. and nato, rather than actually say anything critical of russia, it's abstained in the un. so there's a lot of issues in their relationship. possibly they were thinking that this was going to be a short, sharp conflict. they weren't expecting. am this, this slightly more drought drawn out a bent and, but china has got some thinking to do about how it's going to deal with this relationship going forward. and because it risks guilt by association if it continues to sort of back even if it's tacitly at, but still, you know,

definitely backing russia or trading partners also under these hefty sanctions, the sort of spiral out everywhere. how does china view those sanctions? and then what, how does a few the possible effect that it could have on its own economy? i think the spiraling out is, is very important. i think directly it won't have that much of an effect because so far the a lot of the sanctions haven't affected hydrocarbons. they haven't affected fuel energy and so forth. and food, but is a very strong possibilities of these are being held in reserve and could be implemented at a later date. and that will put china into a difficult position. because then you're going to see things like secondary sanctions, where the u. s. if the u. s, you didn't, you choose to impose sanctions on companies dealing with, with russian companies. that would be a major headache for china because that would, that would basically draw a line between there, along with their trade dealings with, with russia. one of those biggest sanctions is of the swift messaging system. russia being excluded from it for the most part, most banks are,

is there an alternative in china? we often hear that the china has developed its own system in russia. might benefit from it. is that true? yeah, china has developed its own, its own system, which and russian deed says it has its own system itself that it could work with china. the problem with that is that it's, it's a messaging system. it's like a watts up system, which is fine, but it doesn't work if people don't want to talk to you. so no banks are really going to want to deal with a sanction to heavily sanctioned group of companies, for example, are heavily sanctioned bank in russia that has major dealings in china. so even that these alternative systems are brought in and they will obviously have an effect. but the main thing is going to be about how to deal with secondary sanctions. all right, the self sanctioning by companies that we've seen today, not wanting to, to buy that oil from those tankers. clifford kuhn and d w business. thank you so much. and let's go now to some of the other business stories making headlines. apple ford and exxon mobil have joined the rank of

companies who planned to hot business in russia. apple saying it would stop the sale of i phones and other products in the country. ford in exxon was to spend operations. germany, siemens now says it will also suspend business in russia. russia's largest lender spare bank is exiting the european market as western sanctions, titans following the russian war on ukraine. the announcement came just hours after the european central bank ordered the closure of spare box european arm falling a run on deposits, a firm the tracks crypto currency transaction says $33800000.00 in the digital currency has been donated to ukraine's government and non governmental organizations base in the country. ukraine has received donations mostly in the form of bitcoin, and a theory em after making an appeal on twitter last week, following the invasion. and that's it for me and the dw business team here in berlin. find out more line d w dot com slash business. thanks for watching the truth

. into the conflict zone with tim sebastian rushes, president putin has reminded the world of his massive nuclear arsenal by placing it on the higher alert is the nato alliance of incredible determine. and how real this is, spectra of a 3rd world, more general sir. richard sheriff, former deputy supreme commando of the nato alliance and my guest this week from london, a conflict zone. you have netflix on d, w on the war and ukraine. many say they'll

resist for as long as possible. hundreds of thousands our fleet, the finding. what does it feel like to leave everything behind how our neighboring nations coping with the wave of refugees? and how do russians actually view hooton's war? focus on europe. in 60 minutes, d, w. o. and devastated with our we can with cars carry the effects of climate change. i mean, felt worldwide deforestation in the rain forest, continued carbon dioxide emission, have risen again. young people over the world are committed to claim that protection. what impact will

because change doesn't happen on its own. make up your room, mind you w me for mine's russia has stepped up. it's a tax across ukraine, the largest invasion for seen in europe since the 2nd world war. and if that's not serious enough, russia's president putin has reminded the world of his massive nuclear arsenal, by placing it on higher alert. he will seek to apply maximum force that if nuclear is part about also, and he feels that he which it is and he feels it's going to give them an advantage . i've no doubt that he, we should be prepared for him to use it.