oh, or portfolio w business b o. here's a closer look at the project. our mission. to analyze the fight for market dominance. east versus wes good. with your watching d w news asia coming up today. questions for indonesia on ukraine crisis. i. d, w exclusive as we meet with the foreign ministry to discuss the war and to carter's position on the matter. plus why singapore is taking a different direction when it comes to the ukraine. conflict will explain why. and life has become more complicated for russians abroad. many of whom live in asia tower,

sanctions and other limits making their impact. ah, i melissa chan, thanks for joining us. we're taking a closer look at se asia today and how the russian invasion of ukraine so far away is impacting the region. and also how some countries have responded. asia has seen far fewer people take to the streets to protest the war. nothing like the hundreds of thousands who rallied across european capitals. instead. most protests have involved ukrainians and russians abroad, such as this group in bali, indonesia, indonesian president joker with dodo has decided not to join the group of nations imposing sanctions on russia. in general, the country prefers to stay neutral when it comes to conflicts,

in part because the main domestic agenda is economic growth. and that means doing business with as many countries as possible. russia accounts for less than one percent of trade with indonesia, but about 16 percent of the country's military weaponry is from russia. t w's garrick matters, had the chance to speak to indonesian ambassador near us, our jaya director general for american and european affairs. you can see how he's trying to walk the lying among the murat. how concerned are you about the situation in your brain? well, we've been very consistent from the beginning before the war broke off. we already sending a message that, you know, everybody has to use the negotiation piece of dispute and immediately when the attack began. so the president has already been telling from his trigger that the war will, will, will not help and also will and to the suffering of humanity. and that is the

reason why we out of my tissue painting in the un general assembly. so you mentioned the un resolution for which nisha voted from them the russian invasion, at what point would sanction be something that indonesia considered? well, you know, what we're trying to do is of course to stop the conflict 1st and address the humanitarian issues as well as create a safe passage. the safety of the civilians is very important. addressing the issue you might need to have in the social very crucial. and that should be, you know, immediate step step that we have to take from an agent perspective. what kind of geopolitical lessons withdraw from the concrete. well, you know, very important. first conflict, military attack will not resolve the issue, will not better benefit to anyone. and this is very important number to the lesson that we learn. negotiation and peaceful hit. the settlement of this group should be

the only options for people to say, but number 3, i think we have stated many times international community saying that multilateralism should be upheld should be strengthened. you think in terms of world politics that will shift to the focus on the pacific from the united states, for example, rather towards russia. again, i hope not. you know, because i think the international community has to work together in unity. you know, we have very important agenda for humanity and this is already affecting humanity all over the world we are talking about. and then me. we need to also collaborate in unity. we need to also address the issue of economy reform, voice funding mix situations will of course, no war. so it's fault. but then, you know, we should not also forget that the international community as

a very important agenda that we, that require us to be united to be in the united fraud in order to address that fund. without that, i think it will keep on going and then it will also bring tremendous impact to humanity. but, but certainly i think the message of the notice in government is very clear. the was to stop or thank you very much for your time. thank you. george, thank you. not all countries, in se, asia has stood on the sidelines, singapore often viewed as asia as version of switzerland surprised many when it decided to join sanctions for foreign ministry statement made clear why. quote, the sa county, political independence and territorial integrity of all countries big and small, must be respected singapore. it takes any violation of these core principles seriously, as they are fundamental to the survival of singapore,

a small state. joining us as e and chang associate professor at the national university of singapore with a focus on international relations in the indo pacific. ian, can you tell us more about sing a pores thinking a, what struck me was the blunt assessment where small country we worry about big countries. right, so foreseeable, it's a longstanding issue about it size we're, we're small. so there's lot of emphasis on international law on judical equality because the governing a party and in fact others. and so you'd sort of sort of see having that sort of critical equality that protection of sovereignty as a platform to racing for standing to give simple a sort of equality with the larger power. so that's certainly going to be an emphasis in all, all things that sing or does. so before, when, since we're had to deal with the arbiter tribunal ruling on the south china sea, it also emphasized these same sets of principles. it's quite key to singapore is

self understanding and it's positioning internationally, but it's a country that has also generally avoided taking side. so i wonder how big a deal is this. and do you get a sense of whether a citizen support the move? right, so given, given those considerations of sizing for tens, not to want to get into a big fight, but because this is seen, this issue of sovereignty and international law seem to be key to singapore its own interest. so it's not really taking a side apart from seen course own side, right. so in addition, i think to the question about, you know, how the public sees it, public actually is sort of split on it. there are some who are quite critical. they would rather just avoid any trouble, not say anything, especially after russia publicized a sing for the list of names that of countries that included singapore saying that they were unfriendly to russia. those. so there's some fear of repercussion. in addition, i think singapore is talking about the sovereignty issues,

but it's also interested in joining the sanctions because as a financial hub in southeast asia, it probably has more links to russia. and of course, the rest of the world than its neighbors. in that sense, i think what i think would be quite concerned if any secondary sanctions came and affected it. that would look really bad for sing, for credibility. as an, as an actor that tries to beach and honest broker that tries to emphasize the rule of law. so it doesn't want to have that bad p r here as well. so i think that's part of the consideration we can't rule out, but of course it sounds much nicer to talk about these, you know, more grounded, broader, more abstract, noble, even principles. now we're starting to see how this conflict will impact the global economy, the price of oil, for example. and how do you anticipate the global supply chain, all that stuff impacting singapore. so st or even before the concert had been experiencing increasing inflation like many other places of the world in the world

. so this current sell a spike in all prices also in food prices is going to hit singapore. i think that the full effects artfully, are, are felt yet, but they will buy, and i suppose it's a bullet that singapore will have to buy. fortunately, singapore is wealthy or so may be able to come up with subsidies and things like that for on citizens are. although the slight wrinkle there is that it also recently passed a are goods and services. tax increase or some of its citizens will really feel the pressure that come with inflation in china. thank you so much for joining us. absolutely. thank you. the clearest impact, the sanctions have, of course, is on russians. and that doesn't just mean those in russia. it also means those living and working abroad, some have been living in paradise and barley, but their situation is turning into a bit of a nightmare. constantine ivanov has savored balis warm climate and leisurely

vibe. things less common back home in russia. but recently, the vibe has changed. withdrawing money from his russian bank account no longer works. felice wetland, completely stripped of our finances. they've been completely frozen. and we cannot use our finances at all here. and we may look for so many russian banks have been cut off from the global swift transaction system. visa and mastercard services are suspended and the rubel is in free fall. only a few russians here and still have cash on hand called moodle. but the answer to that ethan militia recently, some russian clients have changed their mode of payment. the good i got, and there's been a decline in the number of russian customers hustled, senior morgan, adams. we assumed it's because of the impact from what's been happening recently.

and some of the russian visitors, credit cards have been blocked the the mission. and of course, besides all the financial troubles, constantine ivana says he's concerned about his loved ones, back home or nuclear they. nobody wanted this war till we're all really worried. man watching, pushing him. nobody wants war here. we all need peace. and then in communion there's not seen me. we spent time looking at se asia, we end this week, the way we started with china because of all the countries in asia, china is the most important one. when it comes to what it can do about a conflict, thousands of miles away, it has not joined sanctions. in fact, it has reaffirmed its alliance with russia, saying its friendship with moscow is quote iron clad at beijing daniel

congressional meeting on friday. premier leeker chung delivered this anna dine statement done here. no guarantees you. the current situation in ukraine is indeed disconcerting. we should do our best to support russia and ukraine to overcome difficulties, conduct ceasefire negotiations, and reach a peaceful outcome living you that we, we support and encourage all efforts to resolve the crisis peacefully. the top priority is to prevent tensions from escalating or even getting out of control. there is consensus in the international community and all parties for this too long . we've on sure china calls for maximum restraint functional to prevent a large scale humanitarian crisis. tuvanuti, china has put forward an initiative to deal with the humanitarian situation in ukraine of his adult and has started and continued to provide humanitarian

assistance to ukraine with ha, she will gentlemen's. as this conflict deepens, will china change its position? it's something for us to keep an eye on. that's it for friday. have a good weekend. thanks for watching. ah. people in trucks injured when trying to flee the city center. more and more refugees are being turned away as the border. families play bomb attacks in syria to these credit owners with people fleeing extreme round off counting 200 people with around the world. more

than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w, made for mines ah, ah, hitting russia's elite in the pocket, switzerland secretive banking system, has long helped wealthy russians to hide their money and make more of it. but now the swiss joining the international assault on russian finance. and london has also served as an oligarchy. playground with russian zoning, billions in property. there is the party about to be over there to this is d

to be a business on robots in berlin. welcome to the program. is perhaps the toughest sanction the west has levied against russia. around 70 percent of its banks and financial institutions have been cut off from swift. the system used by banks to send money across borders. it is a move that impact reaches well beyond russia itself. many banks in the u. s. the e u and the u. k. have given loans to russian firms who can now no longer service them. it's unclear exactly how much banks have loaned to russian companies, but the experts are putting this number somewhere in the 10s of billions of yours. then there is, of course, the potential for sovereign debt. default rushes central bank can't access. it's assets abroad on his own course to miss re payments to its creditors. now russia currently owes nearly $50000000000.00 to lenders in the west. payments are due within the next 2.