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promise to make every delivery special with not just next day. but every day. thousands of children still waiting for their delivery sponsor box to day. so together we can deliver futures. ah, ah, western firms warned to watch out reports suggest brochures threatening to seize assets from us. and european companies who pull out of the country over its invasion of ukraine will get more from our correspondent in new york. germany is eyeing an order if a dozens of american fighter jets as it pokes up it's armed forces and sanctions are hitting the russian economy hard. but they're also affecting european

firms to deal with russia. we'll hear from one of them. this is due to be business on robots in berlin. welcome to the program. there's growing concerned, the russian government could seize the assets of western companies that have pulled out of the country. donald's starbucks and coca cola are among major brands who stopped operating in russia. meanwhile, proctor and gamble, ibm, and others, have halted exports. there will street journal reports that russian prosecutors have threatened firms with arrests assets, seizures as the and has also proposed pointing administrators to run companies that shut down production and rush from on this last cross to a financial correspondent to new york. james sweeney. thanks for joining us, james. can you tell us how serious they, american corporations are taking the threat of assets? seizures. ok, so these reports of russia threatening to seize assets of

u. s. companies pulling out of russia are very interesting. and if you're asking if these threats are being taken seriously, of course they are, what company wants to lose their assets. if you want that, that if you want that to happen, then that would make you a bad business person. and the u. s. must take these threats very, very seriously, because they were making similar asset reasons, these threats to russia and russian business owners just last week. and when you're dealing with russia, if you're going to issue the threat, it's a given now that they're going to threaten back and try to be bigger and louder. last week the u. s. declared that any assets held by the central bank of russia in the u. s, such as gold will be declared inaccessible. i'm sure russia central bank took notice of that took it seriously. and even last week, when president joe biden threatened russia's business elite by saying that we're going to come and get your ill be gotten gains during the state of the union address, i'm pretty sure rush and business owners and the government took that seriously. and that we have rushes response the back and forth continues. yes, so all the likes of mcdonald's character, starbucks expecting the russian government to react to that pulling out of the

country. these companies that are still in russia, they must expect retaliation when it comes to russia. these last 2 weeks. one thing we've learned is that their actions are hard to predict and well, it is, isn't it better to be safe than, sorry, and these are in some small mom and pop shops, or some guy ran thing, trying to sneak out and disappear overnight from a landlord after not paying rent, these are multimillion dollar american companies doing business in russia. and what's the rule when you reside on their soil? you play by their rules and their customs, even as it changes. what have been the knock on effects for the american firms that have been pulling out to russia though other than any threat? so they might be from the russian government. what impact is it having on them anyway? well, when these companies leave russia in the 1st place, you're going to lose a large market of consumers. some of them are pretty wealthy. as we've read the past 2 weeks. you also may lose the trust of some of the russian people who don't know why you an american company is pulling out over an event that they are not directly responsible for. you also can lose access to key markets. key demographics,

key food in grain suppliers, energy suppliers, and you're also in danger of throwing away the decades of hard work and community building that made you a recognizable name in that country when the doors 1st opened back in the 1990, such as mcdonald's, the fruits of all that work and dedication may soon be gone for good, and that's, that's pretty much a loss for every party in bull id, james sweeney in new york, staying on top of that for us. thank you very much. thank you. next germany is planning to buy up to $35.00 f, $35.00 fighter jets from the united states. berlin is planning a 100000000000 euros, is spending in its response to russia's invasion of ukraine. some of its allies think it's about time to now. traditionally, larger nations have spent more on defense than germany in 2020 the u. s. lead the world with the military spent a $778000000000.00. china spent just over 250000000000, and germany spent only a 5th of what china spent. now, that year russia had

a military budget of $62000000000.00. that's incidentally 10 times what ukraine spent, but it's also represents a greater share of the russian economy than us and chinese spending. switch companies are the biggest players when it comes to defense. well, us company lockheed martin, which makes the f 35 lease the way with sells a 66000000000. but as you can see here, it's followed closely by your servers and 2 more american companies, raytheon technologies, and barring now the store comb, international piece, research institute tracks military expenditures. and we've been hearing from its senior researcher lucy barrows to drug the european countries had been already increasing their mature expenditure for the past few years. picture since 2014 in russia's annexation of crimea. but distress is actually accelerating, so there were increases that had been announced, but now there are increase on top of increases,

so to speak. so companies that say france like sweden or poland were already saying they were gonna increase their rich expenditure. but honestly, they're gonna increase even more. so we're going to see europe as one of the read the key regions driving which is spending for the coming years. let's take a look at some of the other business stories making news around the world. these g d p won't grow by 4 percent this year is previously predicted according to the european commission. but while russia's invasion of ukraine may weigh on the flux economy, the resulting higher energy and raw material prices aren't expected to completely de rail. it's recovery from the front and he'll a muscle says his company's tesla and space x are facing significant pressure from inflation rushes war in ukraine has pushed commodity prices to the highest level in 5 years. tesla has reactive by raising prices for several car models. by $1000.00,

muta says it's suspending certification of russian planes licensed in the british overseas territory is due to sanctions on moscow that prohibits necessary maintenance work on the plains. the measure is likely impacting hundreds of russian commercial aircraft, more than $700.00 of which are licensed in bermuda. more than a 1000 airport security workers in germany went on strike on monday, leading to the cancellation of hundreds of flights they're calling for better pay and working conditions. on tuesday, thousands more travelers are expected to be stranded when the strike expands to germany's biggest and busiest f for frank. now western sanctions are hitting rushes, economy hard, but they're also having major knock on effects for companies across europe, particularly those who deal regularly with the russians. we've visited one firm why revenues are due to 4 by 3rd the workers here still had their hands

full with orders from the u. s. and middle east. but the loss of that contract from russia is a painful blow. the magnet that based them, and i am once at least an indian alongside the economic problems. i of course worry not just as a business manager, but also as a father about what the future will look like. it's from the photos own versus the visit is who controls the relationships with his russian customers were longstanding and friendly, but that's not much used to him. now. his firm is no longer allowed to deliver its products to russia, as they are used in the petrochemical industry of wouldn't, wouldn't be the norm photographer's. jesus would look the run through and essentially this product is affected by the sanctions because as needed for oil refinery, india. so i can't ex, caught them to russia anymore. that will cost me about 30 percent of my revenue was the export. young was

a movie or the bicycle took minus lenses and was always modern. the e u has imposed a ban on this kind of technology in an effort to hamper russia's military capacity . what this means that the employees here is not yet clear. it might be necessary to cut working hours as recover doesn't, will agree, as well as employees were not that pleased about it because a lot of our products are delivered to russia. it's our jobs were talking about. and of course, we want to keep them going about. this is the difficult time more difficult than corona, definitely mathias e lo may have to close his russian office. but it's not the only problem. raw materials are getting harder to come, bye. gasoline by spoons all his yesterday. i was at our plant ins and for me, prices for carbon steel rose 30 percent overnight. when give me one gets once a word or glass equal to including the firm has 27 employees, including 3 from ukraine. but only the german ones are prepared to appear on camera

and speak about the war in ukraine. have you not used us e, we hope that the situation comes down and peace is secure. that's the most important thing. the boss doesn't think the sanctions will hit russia where it hurts. he expects his chinese competitors to fill the supply gaps or the ukrainian ports of a desa has long been a crucial crossing point for goods traveling both to and from russia. for example, it's a k stuff of the goods bound for russia, from ukraine's neighbor, moldova. but the conflict means that the mold ovens and now cut off from them most important trade route apples upon apples, the farm used to export about 90 percent of them to russia, mostly through the ukrainian port of odessa. only 60 kilometers way. that route is now closed due to russia's attack on ukraine. life has changed dramatically from moldova as

a result of the war. and one of my mil shipper in this area we produce mostly apples, grapes and green sheets full to chicken. yet the conflict in ukraine has a big impact on our exports via odessa, or by road to the russian federation. what about him were especially apples and grapes. my deposit to political economy, medicament us. now this is impossible. alt open that and figure out my little i mean, and we're looking for alternative ways to export will much such as through romania, c o m k, d explore in romania. but the nearest port in romania is not 60, but over 400 kilometers away. other trade relationships, for example, with germany are still in their infancy because moldova lives directly on the border with ukraine. more and more refugees are arriving. the country has already taken in over 300000. among the aide being distributed are the apples that can no

longer be delivered to russia due to the war. and that's all from me and the business team here in berlin. if you do more from us, you can of course, head over to our website, d, w dot com slash business. and you can also find us on the de dewitt news d. w. news. youtube channel actually should check our series business beyond the license of which asked the question, do sanctions work? we're also on facebook. it goes as detail you don't business as well until next time. mm hm. and it's tiny, it's noisy. it's just awesome that this knows kind of the world, the p o p. 50 classic call from alex, switching juliet, all across the u. k. a road trip steps, quizzes,

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