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tv   Business - News  Deutsche Welle  March 4, 2022 12:15am-12:30am CET

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but the words i quickly removed, and that is all the news forth this hour, more coverage of the russian invasion of ye, pride on a website to be found at the w dot com at any time on instagram and twitter handle we need is at d. w. news on anthony out in berlin allen more headlines for you at the top of the next literature invites us to see people in particular. i to see myself as the kid to spy and strengthens grown up world. may only objective when is to share what a thing. beautiful dw books on youtube, the w's crime fighters are back africans. most successful radio drama series continues this season. the stories focus on hate speech,
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color of prevention and sustainable charcoal production. all episodes are available online, and of course you can share and discuss on d, w, africa's facebook page, and other social media platforms. crime fighters, tune in now. ah ah, the u. s. and u. k. announce new sanctions against russian. oligarchs, with the hopes of upping the pressure on vladimir putin and his inner circle, will look at the names that stand out, confiscating those big ticket assets. especially yachts is not always smooth sailing. just ask law enforcement in germany and could sanctions get even tighter. some country say it's time to target rushes, oil and gas exports, but not all allies agree. welcome to the show. i'm seeing beardsley in berlin. the
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u. s. is an out. sanctions on an array of wealthy russians with close ties to vladimir putin government. 8 individuals face full blocking sanctions, while an additional 19 are subject to these restrictions. u. s. has also created a new task force designed to identify and seize the assets of those and other russian elite sanctioned earlier. president joe biden said the u. s. would come after their quote, ill gotten gains over and here's how whitehouse spokeswoman jen. saki described washington's goal. so we looked at one of the big factors, of course, the proximity to president putin. we want him to feel the squeeze. we want the people around him to feel squeeze. i would, i don't believe this is going to be the last set of oligarchs making a damn a priority. anna, and a focus of our individual sanctions. has something the president has been focused on or has got our correspond, james sweeney in new york. james,
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a priority to focus on these oligarchs. any names stand out on this newest list? well, it looks like russia's wealthiest lead, garnered all the headlines today. because by an administration, it's announced those new rent, browns of sanctions against russian oligarchs. and there are some interesting names that do stand out, including, i'll assure guzman, of his $600000000.50 foot mega yet the bill bar was taken by authorities over there in germany and hamburg yesterday was been off. he's an iron and steel magnate, estimated to be about $16000000000.00 worth is estimated to be worth about $60000000000.00. and a supposedly allegedly function is buttons, business advisor, and then it's also nichol. i took her up on that list of a who ran state owned russia, oil pipeline company transient, which carries 90 percent of the oil extracted from russia. and was even his daughter maya, who leads a real estate business that's valued at more than $50000000.00 in moscow alone. some interesting names are i so not just the individuals themselves, but family members as well. james, you know, we talked about or of saki. i should say, just mentioned that there's going to be more people target probably in the future.
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what's left for biden to sanction outside of wealthy individuals. so it, it seems like the world is sanctioning everything russian right now, assets, yards, businesses, bob, good. and you know, what hasn't been sanction yet, and there's a lot of talk about it. russian oil, especially here in the united states. you would think that would be one of the 1st things sanctioned, but so far it's not. and here in the u. s, it's very rare that you have both sides. republicans in some democratic leaders, openly saying they're in agreement and calling for a ban of russian oil. but white house press secretary, jan saki just a short while ago said she's not doing that. because joe biden's objective is to maximize pain on hooton's regime while minimizing the effects of the conflict to americans. which by the way of these current effects are minimal according to the press secretary than well, i don't think americans really want to know or hear or even think about what standard and maximal fixed would be like, because it's rough enough versus all right. james sweeney in new york. thank you very much. well,
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british foreign minister liz truss has also spoken in favor of sanctioning oil and gas to day the u. k. announce new sanctions. however, on to wealthy russian individuals trust also praised the cooperation between london and its allies. thus far. we've worked with the u. s. e. u and g 7 to capital funding for peyton's war machine. taking russian banks out to the financial system . we will say shot our ass base to russian planes and with fast forwarding sanctions against rationale, galks, the british government has faced criticism over already existing sanctions. london had only 9 wealthy russians under sanctions, saying legal complexity slowed the government from doing more. in the you, officials have also found that carrying out sanctions can be complicated, even when the yachts themselves aren't hard to fine. take a look. luxurious yachts are a common sight in hamburg, but these tarps cover
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a special one. the dill bar worth 800000000 euros, is an especially impressive ship as seen in this marketing clip. it belongs to russian oligarch, alisha was man of who has been sanctioned by the you. he's seen as the confidant of russian president vladimir putin was, man of says he's been unfairly vilified, and we'll fight the accusations. the german government had carefully planned the seizure. do it sticks to it. we have only received the exact wording of these sanctions less than 48 hours ago. we are now focused on finding ways to execute the sanctions living chief offices. edson, the goal of the use sanctions is to limit the oligarchs economic power. since a yard is hardly part of a business and doesn't help it earn money. it was initially unclear whether or not it could be seized. the canyon outside a yard could easily be sold any time. and in the case of the yacht in hamburg, that could bring in up to 800000000 euros. that's why i think it has to fall under
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the current sanctions. given that it is very much an asset that could potentially enrich someone wouldn't reading or the design so and sufficient authorities agreed . another yard left hamburg in february after having docked therefore maintenance work. the graceful belief to be vladimir, put in seattle as it regularly anchors at his vacation spots. just days before russia started its war against ukraine, the yacht left for colleen and crat yards are not the only acids russian oligarchs hold in germany. near lake teegan, see in the south locust gather to protest against was man of his rumor to own this villa and likely to more close to the lake. no one knows for certain though not even the members of the city council need. i have never seen the nameless man of any official documents, usually deals are made by company. so with straw men, mina, such business practices are common among oligarchs,
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that you specifically to avoid sanctions that whole problem door to door. the main problem will be to prove that an oligarchy is the legal owner of a property and looking at an oligarchy with potential assets. i have to have proof that those assets are really there's with dusty for moves throughout the conference, which revisions and luna is another yacht anchoring in hamburg these days. it's also presumed to belong to an oligarchy, but that once not been sanctioned. and staying in germany, economy minister robert hubbard said today that he opposes the idea of an embargo on russian gas and oil havoc, telling reporters that a full stop of russian fuel imports could lead to unrest in germany. half of the countries gas and coal imports come from russia and more than a 3rd of its oil. recent sanctions have left energy transactions with russia untouched, but driven up prices of fossil fuels. here's what harbor the german minister said
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during a briefing, he would not advocate an embargo on russian imports of fossil fuels, saying that he would speak out against that even because it could endanger the country's social peace. and now to some of the other global business stories making headlines, german car maker volkswagen has halted its russia business. the latest in a series of major firms to respond to sanctions over the invasion. dumler and b, m. w are also quitting the russian market. german business leaders say the sanctions effectively amount to a full embargo. swedish furniture giant ikea is also suspending its operations in russia and belarus, effecting nearly 15000 employees, 17 stores and 3 production sites. once again, in response to the war, ikea is one of the largest western employers in russia. amazon says it will use its logistics capability to get supplies to those india ukraine. the online giant will also provide at cyber security expertise to help governments and companies. earlier
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this week, amazon pledge to donate up to $10000000.00 for humanitarian efforts. western drug makers, medical device company say their humanitarian commitment to continue selling products to russia are being complicated by the spate of economic sanctions or the sanctions do not apply to madison and medical equipment. and under, under international law, the industry has a responsibility to continue supplying those items, ratings agencies, fiche, and moodies have downgraded russia, sovereign debt to junk status. the agency saying the invasion and western sanctions have hurt moscow's ability to repay debts. and they've raised the risk for the economy. and stability of the news drove the russian rouble to new record lows against the dollar. and the euro efforts by the russian central bank in finance, ministry have failed to haul to slump. russia and ukraine are among the world's biggest explorers of grain,
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but the war is expected to lead to production losses and cancel deliveries with potentially grave consequences for some of the poorest regions in the world. in war torn e m n, the weed reserves will last for another couple of months according to the government, but many like here in the capital city of santa worry about the rising prices for flower. yeah, the russian more against ukraine will affect the whole world, not just us. it'll hit imports, exports, and trade. yemen will undoubtedly be affected. we are an importer of wheat, and most of our food comes from abroad on the hot lebanon says that as we reserved for just one more month, the country's largest silos were destroyed. an explosion in bay root in 2020. the country depends on wheat imports, with 60 percent coming from ukraine. the government is looking for options. now we've reached out to a number of countries including the u. s. india, canada,
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and europe that produce the soft wheat that's needed for the our bread styles. we produce in lebanon. it's a very specific time by, by net canada. turkey depends on, we'd imports from russia, the countries in the midst of an economic crisis with sky high inflation. there have been massive protests over rising food prices. many turks fear that the war will make matters worse and basic food items, even more expensive. you've been watching the w business before we go, here's a reminder of our top story. this. our western powers announced new sanctions against russian. oligarchs, in hopes of upping the pressure on vladimir putin and his inner circle. and that's it for me and the dw business team here in berlin. you can find out more online at d, w dot com slash business. we're also on youtube, under the dw news channel. i'm see beardsley to watch it through
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with the war and ukraine, many se they'll resist for as long as possible. hundreds of thousands are fleeing 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 putin's war? focus on europe. next to w,
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to the point. strong opinions, clear positions, international perspectives. ominous uncertainty in ukraine as people wait to see how brutal the 1st and 2nd stage of russia onslaught by a country might be flooding their poke to this effect. if we're trying to wipe you crate off the map, come the destruction already devastating. get worse to the point in 60 minutes on d w. oh. hello guys. this is the 77 percent the platform with you know this. i know we are not afraid to happen delicate topic because population is growing. and
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young people clearly have the solution that future loans with 77 percent every weekend on d w. mm. mm ah, hello and welcome to focus on europe. thanks for joining us today. rush us war against ukraine is one that will have major repercussions for the entire continent . the imprinted will leave on europe as unforeseeable, even today.

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