is a proposal by russia to create a humanitarian corridor, which leads to russia and its allies been reversed. he have said people should be able to escape to ukrainian territory. the 3rd round of negotiations between the 2 countries has ended with no major agreement. the says dw news live from berlin, stick around for the latest business news. you can also find much more analysis on our website, d, w dot com and follow us on twitter and for watching people in trucks injured when trying to flee the city center. more and more refugees are being turned away at the border. families playing bomb attacks in syria to the credit on, with people fleeing extreme. getting 200 people around the world. more than

300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind to w. made for mines, ah, ah, ah, oil prices had for new highs, proposal to ban russian oil imports and screwed to with highest level since 2008, but in the world actually get by without russian energy. meanwhile, anger is growing and the german town that houses one of russia's major gas storage facilities in europe, local say they've had enough helping to fund the kremlin. and businesses around the world are being pressure to sever their ties with russia. we'll look at the impact

sanctions are having and firm still operating there. i'm chelsea delaney and berlin . welcome to the show. global oil prices searched towards $140.00 a barrel. as countries consider a ban on russian oil imports. russia's deputy prime minister worn that oil prices could go above $300.00 a barrel. if its exports are blocked germany in other you countries have rejected calls to cut off russian oil. but us lawmakers are moving forward with legislation that would do just that. the prospect of shunning rushes crucial energy supplies is likely to take main stage out a gathering of industry leaders in texas this week international sanctions against russia have so far excluded the country's energy sector. but that's about to change . the u. s. and europe are exploring a ban on imports of russian oil and gas attendees of sarah week and annual energy

conference in houston are discussing how to replace russian supply. now we see that the u. s. is, is looking to venezuela is considering getting increased production from venezuela . well those barrels come from canada. could have come from alberta. canada says it has spear pipeline and rail capacity and can move more oil to the united states. washington would be in dire need as its own. rigs are currently operating at 25 percent below pre pandemic levels and can't make up for the shortfall. opec plus producers have also fallen short of their target at supply increases as of late at ban on russian resources, however, would not only impact energy supplies. i'm in the mining business in russia is one of the world's largest suppliers of nickel and palladium. most of them are heavily used in the automobile industry and in the auto catalyst industry is a large supplier of potash. and it's a large wire,

obviously of oil and gas rush us war and ukraine hits the energy sector at a crucial time as it was already reorganizing to slowly move away from fossil fuels . for now, it's unclear if that transition will be accelerated. i will sanity believes in more sustainable and rely loser fusion stomach and the water in improving sustainability was supposed to be the main theme of sara week. for now, the energy transition yields to a more urgent problem. now for more or less, let's bring an our financial correspondent, james sweetie. in new york, james, we've seen this really sent shock waves through global market today. we did see oil come back a little bit after it seems that the u as the bit reluctant to really push that lever of banning by russian oil. and for it's what is the ala care for oil could receive $300.00 a barrel?

well, it's interesting, you bring up oil prices coming back a little bit earlier this session. oil prices came back as they're supposed to when any where leader says that originally, they're not in favor of sanctions. that will limit the amount of global oil in the oil market place. it's economics $11.00 more inventory means lower prices. it's simple math. and whether you agree with germany stance or not, will let a lot of people saw this coming. no one i spoke to here on wall street, expected germany to start taking in russian oil immediately. why disrupt an energy deal? german leadership help broker and upset citizens with higher prices. and germany said today they want to keep social cohesion because, and here's the answer to the 2nd part. prices can still go higher. all it takes is more debate over the morality of giving funds to the aggressor or another sanction headlines. and there you go. prices spike and we saw that at the end of the session today for status oil either. we've also seen, you know, we nickel as, as we heard that report, really i, having a very volatile trading day is going up a significant percentage is,

what does this mean when the u. s. is already seeing inflation at 40 your highest so this means just a lot more upset. people who have continued to budget themselves harder. look who wants to spend more and not receive more. it goes against common logic. and if you want to talk about the impact on a person's life or on a personal myself, last night i drove from allentown, pennsylvania to brooklyn, new york. that's a 150 kilometer drive. i did the math and 2 years ago the same drive. so a guess at $289.00 a gallon. now it's $449.00, a gallon combined with 40 year high inflation. soaring commodities, futures price is through the roof, future prices. what did they do? they signaled the future what the future holds for us for a given commodity. and right now we have oil at the highest level since 2018. we'd at 14 year highs melting supply concerns. simple math expect everyday consumers to spend more. james sweeney and new york. thanks so much. thank you. now, oil volatile de looked actually team in comparison to the european natural gas market

on monday. benchmark prices were up stunning, 60 percent. that is sure to add pressure on you. countries like germany were still highly dependent on russia's natural gas. russia export at 198000000000 cubic meters of natural gas and 2020, more than a quarter of that went to germany. which is by far moscow's because you customer, but even other smaller member states like italy or the netherlands are bigger customers than china, despite being much, much smaller in size. now as for how important that is to their overall needs, you can see here that a russian natural gas made up more than half of germany's overall imports and 2020 . but new leaders don't want to stay that way. here's what you commission president or the lavano rhonda lion had to say about reducing the blocks energy dependence. we have to get rid of the dependency of russian gas, oil and coal,

and they are 3 main pillars. one is that diversification of the play apply away from russia and towards reliable suppliers. this is mainly l. n, g, and pipeline gas. and both have the advantage that the infrastructure is overtime hydrogen compatible. and what's not just the flow of natural gas from russia to europe, that is proving problematic. moscow also has control over some european storage facilities for the communities around these sites. it's becoming a source of unease. mayer hands, peter, has, can looks out his office window at one of the largest gas storage facilities in europe. it's operated by a gas problem subsidiary, and yet government, northern germany, gas exports are a key source of income for the kremlin. and it's war jewish desert, dessert intrigue of with thousands of people are dying right now in this war. and

that means ultimately we here in germany and in this community are paying for it. so i don't think anyone here still stands behind this company mind in knowing that his modem emerged it. the natural gas is piped in from russia and is stored in salt dome's deep under ground. what especially a noise the mayor is that the volunteer fire brigade is responsible for ensuring the security of the gas from plant that cost the town around $250000.00 euros a year. as online, if i'm ballgame, dusty, there ought to be an agreement that the operators of the gas storage cover our costs. it would help pay for the work that the fire department does. we've performed an analysis and found out that about 70 percent of their costs are related to the facilities fall importance yard cesar on long dashed and the mayor has been negotiating with gas bombs, german subsidiary asked dora for years so far without success. an opaque network

with ass, dora when gas gas, cade and other gas from own companies, operates the largest gas storage facilities in germany. it owns important pipelines and it trades in russian natural gas. lawmakers say this causes communities to lose out on tax revenue. obviously i know she's still in the past, these companies would suddenly change their name and that wouldn't be a single cent of tax income left out. i'm thought was that there's no way of contacting the people in charge. i said, yeah, follow our experience with gas from here in this region has not been good so far, gas from has been able to operate freely on the german market. even building its own pipelines like here in eastern germany. but now the ukraine more is forcing germans to re think many of them say the government must have more control the

clothes. it's like fuel pump. fuel de crisis shows we need much more transparency than we currently have. at the moment it's almost impossible to say who is actually involved with whom in which business and which gas is really flowing through which pipe with spacious gas. mayer hands, peter haskin, is hoping for more support from the german government. as the war rages in ukraine . people here worry about how much control the russian state has over their lives. now businesses around the world are under pressure to sever their ties with russia . but those with operations and employees based in russia are facing mounting problems. international sanctions need, they're paying heavy price for their presence. their safely handling flammable lake wits comas hoover back, has developed a specialized system that he is self to russia or used to sell to russia before the countries banks were kicked out of the international payment system. swift has been criminal about and we can pay our employees there and we can't export goods because

your customers can no longer make payments for their deliveries on. the hambrick port also saw russia as an important trading partner. but days after rotterdam ended straight with russia, the terminal operator here followed suit, as others most likely will. as yet situations orders, there is a lot of uncertainty in trade these days we are in close contact with our office in st. petersburg. and they are constantly talking to customers, shipping clients, and others to see whether shipments are alada, so broaden on to token, volt you've yvonne's in the same uncertainty is also felt by companies in hamburg says the local chamber of commerce, $900.00 businesses here have relations with russia, a group of experts tries to sort out the situation, but also the name, the large companies with business all over the world are diversified to

a point where they can compensate the loss of some partnerships with others. but specialized providers who might only do trade with russia. they are very directly affected and have a problem. it's like the baton mild among germany's trading partners. russia only ranks 15th and yet the current sanctions are a huge challenge to many german businesses and the economy. and that's our show as, til next time. take care. ah, bob dwyer, straight across georgia, a full yes. russia has been pushing it's borderline. deeper and deeper. citizens militia bravely resist rushing occupation of their country creeping annexation clues

on d. w. a can euro to do without russian gas fears over gas and oil supplies are soaring as prices he to record ties. how can euro and its dependence on russia? can the continent suddenly turn off the type of business special? in 60 minutes on d, w. o, a william had a big gunner gonzalez will i and was how, you know, if i had known that the boat would be that small, i never would have gone on the trail. i would not have put myself and my parents in that danger who bought it. the theme of the akita slater would love one central

hospital on the liberty to give them i had serious problems on a personal level. and i was unable to live there with you want to know their story. you so migrant clarified and reliable information for mike, ah ah, colgate puppy touched be li, tends to his cattle outside his village on pastures that have been steadily shrinking since the south, the sea, she and region definitively broke away from georgia in 2008 goggins land is now divided by a new border, heavily guarded by russian troops who locals, fear i'm the russians arrested me here just recently. oh, shoot orders. they came all the way up to there and chased me this way. i said

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