concern the conflict could initiate a global food crisis with russia and ukraine. both major export is key projects between them. they supply the world with 30 percent of its wheat, at least a 5th of its corn and a massive 80 percent of its sunflower oil. but probably the most important of those is wheat, the price of which has hit record high as a result of the crisis, it's heading for double what it was just a year ago. developing nations are set to suffer the most as they search for new sources of the staple. any farmer who still has grain in storage is now turning it into cash. prices have never been higher. agricultural trader, although pete us export sweet via ports in northern germany. from here it had to north africa. the company has been inundated with enquiries since it became clear, there would be no wheat deliveries from ukraine. psychedelic righty. actor,

depending on daily fluctuations, we to currently cost somewhere around $450.00 euros per ton than the goods have to be transported to north africa around saudi arabia. they are freight rates of $40.00 to $50.00 euros per ton. so it's close to 500 years per tonne and the receiving countries thought it functionally. that's twice as much as a year ago. ukraine has long been one of the world's largest. we'd exporters on the world market. it has competed with russia. now both countries exports have come to a standstill. there are shortages of labor, fuel, and theda. the effects are being felt around the world. army are yet shown, no dimness. lexi, according to the last world, should report. we already have an increase in under nourishment that's moving in the direction of 1000000000 people with the raw material price explosion that we're experiencing at present. we fear that they'll be even more people facing

undernourished men. i thought soon armoured at winter near long study in this large mill processes around 1000 tons of wheat into flower every day. mill on a young chorus mire says the shortage of ukrainian wheat is already being felt. he advocates reducing meat production to stabilize grain prices and to secure food for poor countries. as i said, a disorder fear or failure, herfers a theme germany. we use about half of the produced wheat to feed picks and other life stock. but i can produce only one kilogram of meat from 7 kilograms of grain. that raises the question of whether it still makes sense to put so much wheat into meat production at so long as of a wrong. it will be a long time before the next grain harvest in europe and before the warehouses fell up again. i've been discussing the serious situation on the world's wheat markets with

a taper from the united nations world food program. i asked you to explain the knock on effects. the record prices were already having this of the crisis compounding an existing global crises. and we've already seen and started to feel the impact of this conflict. and on the weak market, the prices have gone up to 40 to 50 percent in the last few days. i think countries that dependent on the inputs are starting to scramble to find different ways to cover that needs. some of these countries are extremely vulnerable yemen in put that on 22 percent of the wheat from ukraine, lebanon, around half the input is coming from ukraine, libya, egypt, denisia. so i think we will see a big impact on the economies of these countries. what are the alternatives if they can't get hold of that week from which makes you say,

a large proportion of the way that they impose, where can they get that from? and can they get it as cheaply as they're getting it from russia and ukraine? this here that is that you surplus in the globe and we supply. but the problem is that it is far away. it's an australia candidate us. so there are different ways of getting we into these countries. the problem is that that will take longer and more lead time, and it will definitely cost more because the transportation costs are being impacted by all to be increase in fuel prices. so it is possible to make up for what, whatever was low from the black season, but that will be at the highest cost and a longer lead time. but it's not just weight is it says russia and ukraine are so big exporters of other products like corn and sunflower oil,

key foods. is it going to turn into a crisis? is beyond just a shortage of wheat? absolutely. russia is a main explicit of delight. this which are very important for the global production of agricultural products that are also other than we have some flow of oil. this is the, the bread basket of europe. ringback and in some cases, in many countries in the middle east and north africa, lots of green come. so any disruption of production and expertise from this region when food that is treat prices and for security, for millions of people who are already under stress. you're actually speaking to us from poland onto where you all with the u. n. world food program. so the board is ukraine. what's the situation like where you are? one of the was the program at the moment is working to scale up our operation

inside your claim. so the teams in the neighboring countries of poland, hungary, lakia, golda and romania are waiting to set up, stealing an operation to feed up to 3000000 people inside ukraine. the priority here is to supply cities with in ukraine, with bulk food, with a bread, food rations, vouchers, cash, and with consignment, the food arriving on baby basis inside ukraine would. and that is again a time to preposition, food in areas we're fighting is expected to flip in the areas where food is available and repeat is waiting properly. w, p will focus on the provision of cash and vouchers that people who are impacted by the conflict, whether be our population on the move or people who have been stranded in these places and their livelihoods have been impacted can provide the food needs the

implications for food within ukraine, on and beyond, the clay, the grave of this, this war. thank you very much. up here at if a, from the u. n. world food program. me my russians having to adjust to life without major west and brands, the list of famous us and european companies suspending operations that over the invasion of ukraine is growing by the day. one of the biggest, perhaps the most symbolic, is mcdonald's in january $990.00. shortly after the fall of the berlin wall, mcdonald's opened its 1st restaurant in moscow's pushkin's square. moscow bites queued for hours to taste, their very 1st burger. the cold war was coming to an end, one big mack at a time 32 years later after russia's invasion of ukraine. the company is closing 850 restaurants in the country. and russians are struggling to understand why anybody knows me. attitude of western companies is unpleasant to say

the least. it's incomprehensible why they're doing this to us life. and it's unclear what they want to achieve. were pretty brave people who quite said that we can't be intimidated by this. with the women we need a little who is use of goodness with them, nothing to do to rush and censorship. many here don't seem to know that western companies are closing shop because of the country's war in ukraine. after all, even calling it a war is an offense punishable with 15 years in prison. put in wants his people to talk of a special military operation and tries to make the west look like the aggressor. a line that some russians gladly follow. mcdonald stress, the closure is temporary, but it's hard to say if and when russian restaurants would reopen the western brand that symbolized the opening of the u. s. s. r to the west has quickly become the

poster child of a new era of tension. i speak to timothy ash, he's a senior sovereign strategist for emerging market, sap blue by asset management. thanks for joining us on d. w. business. we are seeing this exodus of western businesses all way from russia, but also an impact will that actually have for the russian economy? well, if the sanctions in total together pretty devastating. i mean, most people expect to some sanctions. i don't think i expected what, what, what we have if you think of iran and sanctions of 10 out of 10, we were maybe 2 to 3 out of 10 in terms of the crimea done by sanctions. people may be expected 6, but i think we kind of 8 to 9 for financial markets are our closing completely. swift cb, our sanctions, the big bank sanctioned, it's very difficult to transact now with russia. and so, transacting trade actually and, and we see that it's difficult to companies, not sure about sanctions getting pulled into secondary sanctions. but i think more

than that, i think this shows the importance of e. s. g, environmental, social and governance. companies don't want to be associated with the regime, like putin, that he's carrying out these indiscriminate attacks on civilians. so they're worried about that brands and about potential boycotts of that bronze in bigger markets than in russia. russia is going to be devastating. their dropping g d pay, massive drop of living standards. russians are going to feel a lot poorer because of this. i indeed, as a ratings agency pitch cut rushes credit rating to junk just earlier on this week. it is defaulting on. is that something that is almost certainly going to happen now? seems very likely unless pollutant poles pulls out to view craner. i think what's interesting about this christ rusher is you know, it reminds me of 98, the big financial crashing machine, 98. but actually, it's worse, it's worse because the russians didn't expect this was going to happen. they

believe the lies of the kremlin, they're all invested. so they're all massively losing their money in rushes, financial markets from banks a, it's also default and restructuring was part of the solution. and they also had the systems from the west and i'm a program. so it was kind of like at the end of the tunnel for russia, and for those companies, those international companies that you're thinking about, where is the light? when is this going to rent? when is there going to be an improvement in the relationship with the west? a sanction going to be lifted soon? doesn't seem so. so, you know, people thinking about whether to invest in russia, they have to think that, you know, the russian economy is going to be in a dia position for a very long time. yeah, that really is the thing is, because not only do we not know how the russian economy is going to go, because we don't know how long what's happening in ukraine is going to last. timothy ash from blue bay management asset man, asset management, even. thank you so much for joining us here on the to be a business location. and that's how we got time for, for now. but if you do want more from us head over to our website,

d to we dot com slash business, you can also find us on the daily news, youtube channel, and we are close on facebook as well as data. we don't do business till next time. we take, ah ah, [000:00:00;00]

with to the point with clear positions, international perspectives the west has fired out one solver with economic sanctions or in other, in an effort to stop hooton's war on ukraine calls for tougher action are growing louder. what could sanctions cripple the global economy? find out on to the point. to the point with d. w. with the green. do you feel worried about the planet we to i'm neil, host of the on the green fence post ghost and to me it's clear. we need to change

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your platform for reliable information. oh this is you know, we news why from berlin? a humanitarian catastrophe. cave accuses russia of bombing children's hospitals in ukraine. authority say several people are dead including at least one child present . zaleski is calling russia's attacks on civilians of genocide, western allies. warranty assaults, good turn, even more brutal as russian forces try to regain momentum. i also coming up news