tv Business - News Deutsche Welle March 12, 2022 4:15am-4:30am CET
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military units deploying closer to the capital cheese. that's all for me for now of next we have your business headline to stay tuned for that and stick with us for more at the top of the hour. in the meantime, d w dot com, w news under twitter and instagram. you know where to find us. we'll be looking for with happiness is for everyone. human penises are very different from primates. penises, we have a totally ridiculous romanticized view of nature, a there and david and this is climate change, pregnant sex who happiness in for you books, you'll get smarter for pre d w books on youtube. oh, we're all set to go with him. as we take on the world,
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we're all about the stories that matter to whatever policemen follow with me on fire made for mines. ah, say good bye to london grad rushes. oligarchs have long used the u. k. capital as a playground. is that party coming to an end and we take you to switzerland, money. i'm chelsea delaney in berlin. welcome to the show. the u. k. on friday announce sanctions against 386 russian parliamentarians who supported president latimer putin's war and ukraine. it's the latest blow to russia's elite. the countries oligarchy have become targets of western sanctions with their money.
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yachts in real estate being seized, london, which has long been known as a playground for russian oligarchy, is particularly in focus. there get mass reports. we have an appointment at the ritz, one of the swankiest addresses in london with bill browder. he was once one of russia's top foreign born investors, but quickly became an opponent of latimer putin before being expelled from the country. he is now living in london and has one of the kremlin st biggest critics. britain has been a m. a soft spot for dirty russian money for last 20 years. they've come here. ah, they, they like the rule of law. they like the property rights. and they liked the fact that nobody could ask any questions. we're heading to the posh district of berg ravia to eat and square, nicknamed red square, asking prices for a 5 bedroom flat here, which over $20000000.00 euros. as for who the real owners are. no one needs to know
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anti corruption activists estimate that russians with ties to putin have invested almost 2000000000 euros and real estate alone. in recent years. there are shells, shell companies and trusts in an offshore crossen nominees and proxies. all i'm working hard to shield the true ownership of these properties. it's on the capital, a nickname, london road. a city a wash with money from the many rich russians who call it home. and not all of them have earned income. honestly. this week, the british parliament is passing a new law to cut the corrupt flow of money from russia to untangle opaque ownership structures. but this is only a 1st step. experts say, legislation is just not enough. enforcement needs to be happen and it needs to be properly research funding on vessels. what happens right now is that the national
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crime agencies has been on the funded for up a generation. so what we need to see now is for loy force men agencies to be funded to act now and use a tool that they are given at the moment. so security personnel on eton square try to prevent us from recording. if i want to fight, mom is a democracy and we, despite us having the right to film on the street to sound if you want to, you can film on july. first and foremost, i'd like to see 100 all a guards on the sanctions west having their properties frozen. secondly, i'd like to see assets identified and frozen after that. and thirdly, i'd like to see all of the russian banks, not just a few of them disconnected from swift. his criticism also has a personal motivation. broadest friend and company lawyer died in the russian prison. he's long known. how dangerous let me put in is russian oligarchs, and in fact, anyone else who wanted to loan to the money have so far been serviced. well,
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in london, it's been easy to find bankers, lawyers, estate agents to work with. when it comes to property, it's impossible to hide behind. sophisticated sales threats is open within an offshore trust. critics, a wondering whether it's taken the war in europe for the u. k. government, sir, is the change that oliver below joins us now. he's author of the new book butler to the world. how britton became the servant of ty coon's tax doctor, is clipped across. and criminals over thanks so much for joining us. so london is a haven for russian oligarchy. why is the city in particular so popular among oligarchs? yeah, i should say to starts, is that it's not just a haven for russian oligarchs. it's a haven for any oligarchs. you name them. we have them. essentially, britain, i mean, obviously anyone who's been to london knows that it has lots going for it. if you're wealthy, there's lots to buy, we have help and shops, we're schools, great universities, all of these things. but we have
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a 2nd advantage that doesn't really get discussed so much, which is that your wealth is very secure here is protected by the british british legal system by the british police. it's not going to be investigated by the british negro system either. so it isn't just a great place to spend money. it's also a really great place to keep money and you can keep it here forever. now this oligarchy are becoming the target of western sanctions. are those sanctions working? huh. i suppose it depends what it means to say, are they working? you know, i'm not quite sure that everyone is in agreement about what the target, the aim of the sanctions. is. some people say that the hope is that by sanctioning oligarchs and costing the money, they will then come to put pressure on putin. the man who has made them so much money because they've got ritual got richer during his time in office. other people say that the oligarchy are essentially extensions of the russian state. so freeze by freezing their money, you more or less just freezing russian state money. i think both of those arguments
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suggest that what we're trying to do is trying to find policy leave is that allow us to put pressure, if not imputed himself, then on the people around him by depriving them of all the toys, the billing, the luxury goods, to football clubs and you know, i think it's too early to say if that work, but i think it's probably worth a shot. it's better than most of the other alternative options. we've got a suck up, put in himself. we know his personal wealth is very well hidden. how can sanctions effect or effectively target han, if at all putin. i'm not sure you make sense to talk about putin being wealthy. i think if russia is your current account, you don't really need a deposit account. i don't think if he has of sure wealth anywhere then, you know, it's probably not very much in comparison to the other oligarchy. the other gods have huge, of sure. well, you know, half of all the wealth owned by russians is owned off shore by oligarchs. if the oligarchy wants to get back to those, cuz she lifestyles, what do they need to do?
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what needs to happen? or has the world's relationship with russian oligarchy really changed forever? be surprised about rest, your national dogs have changed forever. western countries, britain in particular, not only britain, i've been historically very welcome to work to bring it anyone with money. however, we need to recognize that as long as this crisis last that will be sanctions on russia, and it will be much harder for oligarchy. come here and spend their money. so i suppose the answer is what western politicians want the answer to be, which is if you want to come back and enjoy your blame in our capital cities, you're going to have to tell pete and to stop killing ukrainians. and that is the challenge. how many of you don't have that kind of influence anymore? how many of them could just walk into putin and ask him for a favor? stop inviting you cried, i don't think any of them do. so i think we're going to have to get used to a world for a while, at least while this crisis lasts. when the russian orthodox, i'm no longer going to be flushing the cache in the bars and villas of south of
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france or me, you know, dimensions of london or in the island of greece, with the car been all over the la. thank you so much for joining us. just my pleasure, thank you for having me. and it's not just the u. k. u. s. and e, you switzerland has taken the unprecedented step of imposing sanctions against russia. will the measures have a big impact on oligarchs, former swiss banker and wiki leaks. whistleblower rudolph. elmer says he has serious doubts to re she's one of the world's most expensive places and that's no small part you to russian. oligarchs. happy to invest their money here. rudolph, elma, used to be a tough banker at the venerable, it's very spank you leo spare. today he is a critic of these financial institutions who came to international prominence as a wiki leaks whistleblower in this right. on the lake, while a lot of money is invested in switzerland because banking secrecy protects the
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oligarchs. we have a strict secrecy law guy, me how to because it's the government politicians and the judiciary support this often because it is a huge source of income for this with a date for you, then try to stop rushes, brutal war against ukraine has put world wide pressure on switzerland to respond. it's likely one of the reasons why the government here has backed the sanctions saying russian oligarchs should no longer be able to access their assets here. but elmer is skeptical until we'll leave. i'll have to wait. cylinder was slow to introduce sanctions, and that keep the oligarchs plenty of time to shift their fortune somewhere else, concealing the origin of money as a long tradition in switzerland helms pocket the can. this means that the actual owner is disguised via trust in the cayman islands or companies or whatever in such a way that you don't really know who is behind. on the spice. the swiss bankers association rejects the accusation, saying the sanctions would be strictly observed. if it were staying,
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it's important to understand that these sanctions obliged banks to report russian customers to the your thirties is what i did. the banking secrecy is never absolute . it can be effected by a legal obligation to provide information. and that is also the case with the sanction. success is concrete here by the scene sunk to one small salmon alcohol. russia gas from bank and spare bank, seen here in serious, are exempt from the sanctions that allows you, countries like germany to still be able to buy russian oil and gas through them. but public criticism is growing. spare bank in theory has covered over its logo and lowered window blinds for fear of protests. the swiss n g o. public eye has long criticized the russian banks. and now it says they're playing a critical role in moscow's war. it's not to this, this is of course, a substantial part of bloody amir putins war chest. he calculated it that way from the start. how could you and also anticipated that this money, at least,
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would continue to flow. we're talking about a $1000000000.00 a day, 80 percent of which comes from swiss commodities. trading platforms said, one of the data centers for the swift bank payment system is very close to 0. it's currently under a heavy guard for fear of russian sabotaged. but elma doesn't think our complete russian cut off from swift would be that dramatic for russia is good for. she's an american sky. there are various ways of getting around this. like inter company deal, the banks holding bank accounts with other banks and trade shortcuts as well as barter transactions house because there are many variance. and you have to see that this payment transaction business has become even more lucrative all day due to the sanctions of going to suck dylan udo selma now lives in seclusion near sewerage. but he hasn't stopped criticizing switzerland's financial institutions under forty's. he's demanding strict laws for better monitoring of the financial center,
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but so far says he see no willingness in the government to take action. and that's all for me and the business team here in berlin. thanks for watching. st. next time with feast tires are made out of dan to life. oh is considered a pest by gardeners. the wheat has now found its market. this is because the roots contain that oh, so desirable rubber. up to now this raw rubber material has not been produced in an environmental way, but with dandelions. the process could be made more sustainable to morrow to day. next, on d, w. the ukrainian people are in our thoughts, day and night, as they are in victoria. so chin skis,
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she's a photographer living in berlin. she has ukrainian roots and fears for the lives of her family and friends. her work reveals her strong connection, your ro, max in 60 minutes on d, w. o blue. every day counts for us and for our planet. global ideas is on its way to bring you more conservation. how do we link seaton? screen? how can we protect habitats? what to do with all our waste?
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we can make a difference by choosing smartness solutions over stains, said in our ways global ideas. environmental series included $3000.00 on d, w, and online with nature really does spoil us with its plentiful resources, like rubber which we harvest from rubber trees. unfortunately, robert production isn't sustainable, but rather can also be extracted from the juice of the dandelion. animals also produce useful substances. poison, for example, it contains active ingredients that have healing properties. all this and more coming up on to morrow to day d w. science show. ah.
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