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tv   Business - News  Deutsche Welle  March 25, 2022 5:45pm-6:01pm CET

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crane, due to russia's invasion. now in germany, they're sending donations and 8 to those left behind. welcome to the show and chelsea delaney in berlin and the u. s. has agreed to rapidly boost shipments of liquefied natural gas or ellen g to europe this year. as part of efforts to wean the continent off russian fuel, the announcement came during the president, jo biden's visit to brussels for a host of meetings on russia. the americans will offer an additional 15000000000 cubic meters of l. n. g by year's end. last year they ship 22000000 cubic meters to europe. the u hopes to replace 2 thirds of russian gas imports by year's end. and germany is also racing to reduce its reliance on russian fossil fuels. the government reporting today, it's made progress over the last month. the economy minister now says the country will be able to have it. oil imports from russia by summer. it expects to end to coal in it's co purchases altogether by the fall and by year's end it will import
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only 30 percent of its gas from russia compared to 55 percent before the war. no germany is going to need more natural gas, not just from the u. s, but also from suppliers and the gulf regions such as guitar. the country with enormous gas river go reserves, but a controversial record on human rights. katara is a top producer of liquefied natural gas, or l. n. g. seen is critical for germany weaning itself off russian imports. but the gulf country is also well known for its stain. human rights record rights groups criticize the exploitation of guitars, 2000000 migrant workers. the deaths of thousands of workers over the past decade have gone ignored by authorities. modest labor reforms have reportedly stalled other reports point to restricted freedom of expression and the repression of women
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. as germany frantically searches for new trade partners should the country put human rights at the forefront of its trade relations. would have been the lord against the background of german history. it's a very important topic deductible among everybody should think about this when buying products that are constitution says human dignity is inviolable. that also cancer, other countries from which we purchase products linda gaten will be put up to with see different teeth as a definitely, i think, especially with globalization which is increasing. we can't avoid the topic if i missed him on his mom. your distinguish one does this. yeah, i think it's important, but it's difficult really when it's off by to him. we can see that with hob ex, visit to the u. e. and the gulf states like choosing between the lesser of 2 evils, visors and personal colon, already sargon for berlin. finding reliable energy from reliable partners is now a problem with no easy solution. so far,
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pragmatism prevails. now india has been reluctant to criticize russia and its invasion of ukraine. well, that has angered western allies like the u. s. export say india position reflects historical economic ties between itself and russia. the defense industry and increasingly the oil industry. india is the world's leading buyer of arms until last year it accounted for 11 percent of total global arms imports. according to the stock home international peace research institute, supreme it's biggest supplier was russia. between 20172021. it accounted for 46 percent of indian arms imports. and in the previous 5 year period, russia accounted for more than 2 thirds of indian arms imports. india has been trying to reduce its dependence on russian arms and diversify suppliers. they get a bar, come on that quote, maybe hey,
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if you look at other countries that us in europe, bronx, brittany, in japan, the only dependent on the u. s. for their security. india is not dependent on the u . s. word security. india is certainly likes you are supported to call support, but at the end of the day near depend on itself. so it is self interest, which is driving a new policy. i don't think any ideology drives of joy. she says moscow also supported india's foreign policy in the region before and after the collapse of the soviet union. but that's not the only reason. self interest maybe behind new daily's choice to remain neutral on russia's war in ukraine. india in ports, 80 percent of its oil needs, and rising oil prices have already led to protests. so while other countries spurn russian oil, india is buying it so far. it has bought at least 13000000 barrels,
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according to bloomberg news. and without that, many takers of russian oil, india may very well benefit from lower prices. i asked our deli correspondent, cherry cherry carter care about western criticisms of india for buying russian crude at a discount is india on the wrong side of history as the u. s. a said, well, it has not really registered a formal response to that very specific comment about buying a crew from russia, but of foreign affairs minister and good made the statement involvement yesterday. and he said that in your stand on ukraine has been very consistent. and yet is consistently related to reading that law. still it is in violence need to end. and at the same time, india has been asserting that the global order is based on the un charter and respect for the territorial integrity. and so vanity of all countries about oil, all that india has said, is that it's one of the competent of russian oil in india,
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as in port basket is less than one percent. and it doesn't really matter much to the trade. but yes, there are reports that the 13000000 barrels of oil have been bought, and several indian companies have gone ahead and place those orders of. there are reports that russia is offering oil at a discount of 27 percent. and india is thinking about or planning to use. those are oil stocks for showing up. it's strategic or reserves. chelsea rush and india are also reportedly working on a rupee ruble payment mechanism for that oil. how significant is that? well yeah, that's very significant. ok, that's and that's because, um, since trade is continuing between india and russia, the payment systems need to be finalized several exporters in india as well as in russia. have said that this will be the ruble mechanism that existed years ago and
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needs to be brought back because a large number of russian banks have been cut off from the swift system. and that is impeding payments. now the tricky thing is that the, both the currencies need to be bagged to a 3rd currency so that some kind of exchange rate can be worked out in then. exporters have been asking the reserve bank of india, which is in the us central bank to work out this exchange rate so that their payment do not suffer some expense. also believe chelsea that this that will be, will treat is already going on because the government have been very a secretive about it. that has not been kia, got information from either science, but many believe that payments are already being made in rubles, to russia. yes, that's something the government as of now has only said the owners only said that several payment mechanisms are being looked at. that is a deem in tremendous studio team that is looking into formulating a strategy and it will be announced soon. chelsea is that a signal that india might be looking to do
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a trade with russia and more than just oil. well, chelsea, that's a little bit hard to say because in any case, apart from the arm street with russia, oil is the biggest competent of indo. my russian trade apart from that of india also buys sunflower oil, which is a whose price is also have been going up in india. so if, if that is also offered at a discounted rate, india will be very likely be tempted to continue doing that. trade fertilizers are also something that india continues to buy from russia. so i think what india is looking at right now is to maintain this trade relationship and not really, it's not really planning to expand it further, but at least maintain the items that are being bought from russia. and if they're being offered at a discounted rate that's, that's be very good for the indian economy. that's what the government of is to be contemplating right now. chelsea that was g w's delhi correspondent,
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charo car to k, talking there. now in other news, russian authorities say they will decide how to use where knows, plan and moscow by the end of next week, after the car maker announced it was suspending operations. there were no is also assessing its options for its majority stake in rushes car. number one, car maker after of as the war is heavily weighing on europe's biggest economy. a closely watched economic barometer of the phone business. climate index fell sharply from february to march. experts had expected a smaller drop in competence. the manufacturing industry was hit especially hard, as was overall long term sentiment. sherman farmers are warning that the ukraine war could cause the price of right to double and push other food prices up. by as much as 40 percent, ukraine is one of the world's biggest wheat producers. you keep ukrainian products
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like flower, sunflower, oil, and apricots have been in short supply. now speaking of german farmers, the war new crane has driven an estimated 3700000 people out of the country. many who left are devoting themselves to helping those who remain and ukraine. here is the story of 2 farmers from germany who are doing just that ought to do it all with them, which will give him none to show it is a german farmer. will. hon was in your train. you actually are more to be kentucky and his business partner spent a decade in the country, growing wheat and corn before leaving due to the war. now back in germany, there organizing aid con voice with the help of ukrainian friends. the donations come from ordinary germans. the bones investment of where we are in western ukraine . the supply situation is pretty good. there's food. what we're bringing to ukraine now is going through friends and contacts into the war torn areas. their conditions are catastrophic. if kevin, mario polar encircled nobody,
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nothing there. so are people are driving straight into give voice to fall victim. you like knock, he of the 2 farmers have left their machines and fields behind, as well as their local workers via the internet. they keep in touch with their 10 employees and ukraine. a few or at the front. others are trying to keep the farm going. this is video from last year's harvest. it was a good one. ah, the farm turned a profit. whether they'll even have a harvest this year, however, it is. i'm sure. the course of hogs of your on the, the big question is whether we be able to get enough diesel fuel. nobody needs to talk. it looks bad right now as we run out in the coming days. one enough cause we need to be able to plant the summer's crops and keep tending to the winter was in a mini mallet if we get a minimal amount of diesel. we concentrate on what we've already cultivated and tried to bring in that harvest. and to do it sibling,
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as soon as it's safe to the to farmers plan to return to ukraine themselves. for we go our reminder of our top story, u. s. degree to rapidly those shipments of liquefied natural gas to europe this year. as part of efforts to wind the block off, rush and fuel. that's all for me and the team here. and berlin, thanks so much for watching. ah, with
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ah, to the point. strong opinions, clear positions, international perspectives. a u. s. president who originally wanted to take care of the home front, travels to europe, looking to shore up the united front, with e. u and nato allies. biden versus pu team can be us, stop the war and ukraine to the point with on d w a. the destruction of a nation, iraq. mm. if you remove a regime, something needs to be created in its place. otherwise, a vacuum is created and that is usually filled with no furries force of the rise of ins. evil approached, put forth
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ah, ah ah. this is david news line from rural and counter attack, carrying his back against russian forces near keith, ukraine's out gun military report. success re taking some areas west of the capital, but the country's population is paying a heavy price. also coming up us present, joe biden, visits, nato ally, call it to meet with american troops near the border with ukraine. the trip.

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