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smart new solutions overseas set in our ways or is truly unique. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global 3000 on d, w, and online ah, brushes, invasion of ukraine has triggered a huge outcry across the world. many countries have introduced punitive sanctions against russia in an effort to put a stop to the war. german chancellor, all off salts made it clear that more sanctions could follow nothing beyond permission for, let's not kid ourselves. putin will not change his course overnight, but very soon the russian leadership will feel the high price it is paying to feel

. already in the last week, the russian stock market sank by more than 30 percent. that shows our sanctions are working and we reserve the right tempos further sanctions on the e u, the u. s. britain and canada quickly introduce sanctions against russia. russian banks are now excluded from the swift payment system. leading banks have been shut out of western capital markets, russian treasury bonds, and bonds of some companies can no longer be traded. that makes it difficult for the kremlin to refinance its debt. the west that's frozen, $85000000000.00 worth of russian assets and introduce travel bands. more than 500 people have been affected, including vladimir putin. russia has access to computer chips, computers and other high tech products has been blocked. the latest sanctions sent, the russian rouble tumbling more than 30 percent, and the russian central bank more than doubled its key interest rate to 20 percent . some of the countries banks are expected to collapse,

and analysts believe the sanctions will cripple the russian economy for years to come. but the full effects could take months or even years. ah, it's been a month since the winter olympics opened in beijing with fireworks and chinese president. she ging ping wave proudly from the stands abandoned by most international leaders. she only had one prominent guest rushes vladimir putin who certainly knew at the time that he would need some support from his powerful neighbor. that's because russia depends on close ties with china. after the west distance itself from moscow. russia might be optimistic. last year, bilateral trade with china jump, 36 percent to record $147000000000.00. it's a to reach $250000000000.00 soon. that's 40 percent more than current trade volume

between russia and the u. currently russia is china's 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, trading foodstuffs 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 more than 4000000000 dollars last year. as for trade in the other direction, china's sells machinery, mobile phones, cars, and consumer products to russia, with exports surging by a 3rd last year. china is also russia's 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. rush accounts on china

as its new key trade partner. but beijing might show some hesitance, wary of trouble with its western partners, should run afoul of sanctions. ah . the assembly lines are shut down in the russian city of columbia. volkswagen polos tig wants and scope as rapid are no longer being produced, following russia's invasion of ukraine. normally, 4000 people would be working at v. w as facilities and callaghan at nittany, nov garad. it's located 340 kilometers east of moscow. and its where dw produces scope, branded cars. the volkswagen group has also ceased all exports to russia last year, subsidiary porsha delivered $6000.00 cars to russia. b, w blames the current crisis and uncertainty for the export stop. the move brings v

w in line with other carmakers like b, m, w, and mercedes benz leading us car makers, general motors, and ford of also cut off exports to russia. ah, since russia invaded ukraine, oil prices have been searching, leading industrial nations now want to tap their oil reserves to mitigate the situation for consumers and companies. the international energy agency wants to release 60000000 barrels of crude oil reserves. that's about 4 percent of all, emergency reserves, a one and a half 1000000000 barrels. meanwhile, western oil companies continue to scale down their operations in russia. b, p. the biggest foreign investor in russia said it's abandoning it's 20 percent stake and state oil company ross enough at a cost of up to $25000000000.00. also oil change. so now says it's ending in cooperation with gas prom and key oil and gas projects. italy's any is joining so

and b p traditionally neutral switzerland. well that's all the sanctions that the e u has already imposed on russia over its invasion of ukraine. switzerland has a band 5 oligarchy, close to russian president vladimir putin from entering the country. sporting sanctions against russia have led to a run on german team. shaka soccer jerseys in the city of gals and kitchen demand for shirts of the club rose after the 2nd division team dropped. the russian state owned energy giant gas prom as its main sponsor. the sweetest furniture giant ikea is also suspending its operations in russia and bella roost effecting nearly 15000 employees, 17 stores and 3 production sites in response to the war and ukraine. i key is one of the largest western employers and russia. home rental company air

b and b says it will offer free temporary housing for up to a 100000 refugees. flame ukraine. c o brian chest ski st letters to leaders of poland, romania, germany, and hungry, offering helped to house the refugees more than a 1000000 ukrainians. have entered the e you since the russian invasion ah, the closure of russian aerospace following the invasion is set to cause massive disruption to international air, cargo and traffic. cargo flights and passenger aircraft to asia have to take different routes. lufthansa, cargo says that flights from central europe to japan, korea, and china can take several hours longer and will 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

container shipping company maersk suspended nearly all container deliveries to and from russia. there will be exceptions, however, for foodstuffs medicine and humanitarian goods. german manufacturers are worried about bottlenecks, especially in raw materials and intermediate products and possible price increases . german carmakers have around 50 suppliers and manufacturing sites in russia and ukraine. it's still too early to predict what impact exactly the war will have. russia and ukraine are amongst 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 african latin american particular there depended upon cheap imports. ah,

the people of war torn yemen are very concerned about the situation in ukraine. yemen. sweet reserves are expected to last only a few more months, but many like here in the capital santa worry about rising flower prices. yeah, that's how the russian war against ukraine. well, affect the whole world and not just us. yemen will undoubtedly be affected. we're an importer of wheat, and most of our food supplies come from abroad. on nevada, lebanon says it has wheat reserves for just one more month. it's largest silos were destroyed in a massive explosion of bay roots harbor 2 years ago. the country depends on wheat and ports with nearly 60 percent coming from ukraine. the government is now looking for alternative sources. not in the least, we've reached out to a number of countries, including the u. s. india, canada, and europe. that produce the soft wheat that's needed for the air, bread styles we produce, and lebanon. by now, the ellena by net, that canada turkey depends on weed imports from russia,

the countries in the midst of an act, a mom at crisis, with runaway inflation. there have been massive protests over rising food prices. when we talk about relations with russia, we usually think about weapons or energy. but much more significant is that turkey is very dependent on the russian agricultural sector, especially for wheat, barley, soybean, some flowers and corn. i. we buy everything from russia, even chic peas. many turks for the war will make matters worse and continue to drive up the prices of basic food stuffs the sanctions against russia, and it's counter sanctions. will affect many european companies. eastern german enterprises like this specialized machinery, producer kieslein are among those that will be hardest hit. the cabinet space company can process steel, copper, and other wires. such machines, cost up to a $1000000.00 euros. each one is custom built for buyers. the company is

a global market leader managing director janski's la, shy, and doesn't know whether you can keep all 45 employees on payroll. some top customers are in russia, but the sanctions resulting from russia's invasion, complicate business of america. and what we're currently preparing a contract worth several 1000000 euros over the next 2 years on the on for the news . if the contract cannot be fulfilled according to the current terms with alpha, we will of course need or have to look for alternate of customers. that will take time, that could lead to a cotton working hours. and in the worst case scenario, to lay off site feel hidden in phase one for this, if i said nothing with the medium sized company is not an isolated case. in the eastern german city of cabinets, formerly commack dot, many companies have long standing business ties with russia. kristof neu bag a foreign trade expert at the regions chamber of industry and commerce believes

that hundreds of millions of euros in sales have already been lost here due to the sanctions falling russia's annexation of creamy and 2014. to day putin's war could bring trade with many former soviet republics, such as georgia to a standstill. but it wasn't of it because russia actually has a central distribution function or how many companies have established a subsidiary in moscow or in other russian regents the owner, especially in the metals processing sector, eyes the 5 hallmark and from there they were active in the surrounding regions on im, done a wide, i saw it into your nose. janski's holstein does not believe that the latest sanctions will really hurt russia. at least not as far as trade is concerned. thank you one minute as vandalized the other. we have asian competitors there who then just bridge a gap in the market and that would lead to cuts in our business here. so others would fill the gap, which is c o. dunlab sits needed to get his val put up with keith.

jesus dying is certain that only the complete exclusion of russia from international payment systems can really put pressure on the autocrat vladimir putin. ah ah, the week that shook the worst rushes invasion of ukraine, a historical turning point. i am here. we will not equate our resistance. we will defend our country, russia, wal mart. gordon is now isolated. i look back at the 1st week of the war that will change the world for on d. w. stay informed of live and on

demand. on gas in language courses, video and audio any time anywhere the d w media center with ah, ah visa, let's discuss any new did. but dawson, gold dibble grain in the mood.