france and romania have agreed to 695000000 euros in aid for moldova falling. a donor conference in berlin, attended by the malden prime minister. although he is one of europe's poorest nations and his hosting tens of thousands of ukrainian refugees fleeing to the invasion of ukraine by russia. he w. business is coming up next to stephen variously on abbey. quite often things are being with what does war do to people are hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years. the auto companies are sell a fist family in northern syria insights into the isolated world

of radical islamists and into a spiral of violence without end. a film about family, faith, masculinity of fathers and sons starts april 16th on dw. ah, brussels puts russian coal in the cross hairs that the e u prepares, the sanction energy imports for the 1st time following new allegations of russian war crimes. we'll look at what the move means for moscow and whether it could open the door to even more energy sanctions. but how to replace those imports? one option might be indonesia, the world's biggest ex, border of thermal cold for jakarta, rising demand. the fossil fuel is shaping up to be quite lucrative. and that

inflation warning from a top federal reserve official rattles wall street. we'll check in with our financial corresponding welcome to the show. i'm seeing beardsley. the european commission is preparing to ban russian coal imports as part of a 5th package of sanctions. and as a response to new allegations of civilian executions by russian soldiers near keith sanctions would be the 1st taken against russian fossil fuels, which previous rounds have left untouched. the value of russian call imports are estimated at 4000000000 euros annually. all 27 member nations will have to agree to the measures cause have been growing for the e. u to been all energy imports from russia. a move opposed by germany and italy, yourself commission president or sl of underlying describe the rat, the reasoning behind those sanctions. we all saw the goose, some pictures from butcher and other areas from which russian troops have recently

left. yesterday i conveyed to president zalinski my condolences and assured him of the european commissions full support in these terrible times. these atrocities cannot and will not be left unanswered. the 4 packages of sanctions have hit heart and limited the criminals, political and economic options. we're seeing tangible results, but clearly in view of events, we need to increase our pressure further. so today we are proposing to take our sanctions a step further. we will make them broader and sharper, so that they cut even deeper into the russian economy. it's not just the ban on coal imports, the proposed sanctions package, the used 5th since the beginning of the war includes a raft of measures. it would ban russian ships from u ports at the russian bank, v

t b to a list of sanctions, financial institutions, and ban even exports of advanced computer chips and machinery to russia. jack park is our correspondent and brussels jack. let's start with his timeline. how is this expected to work, especially when we look at a possible import stop for coal. we expect that the, the ambassadors of the european union will meet tomorrow afternoon, probably wednesday afternoon to discuss this to sort this out and to make sure that they get imposed as soon as possible. that's also being confirmed by the french europe affairs minister claim on bone. so this could move pretty quickly. we expect that the european commission president of on the line would have managed to get agreement on this relatively by the use 27 member states to know that these are sanctions that they can impose as soon as possible. these are the 1st e u energy sanctions on russia. how big a deal is this? well, as far as finance is not massive,

the you imported about 4000000000 euros worth of court coal from russia last year, right? of 99000000000 ought of mineral fuels that they imported in total. so so less than 4 percent of the whole sector. but it is the 1st time that there's been a sort of sick tall rule sanction on the energy, and then the energy sector. and also went on the line was announcing this. she said that they are now starting discussions to look at broad sweeping sanctions against oil. so it's sort of a baby step, but it's definitely a significant 1st step into starting to target the russian energy sector. interesting me as well, steve, and what we've seen is the wall street journal has come out and reported that as part of these sanctions that are targeted towards individuals. the, the wall street journal is reporting that to of vladimir pu tins. own daughters might be on the list of sanction people. so while they're looking at these sectoral things, they're also looking at symbolic and personal sanctions to try and hit the russian

president. you touch on this briefly by talking about oil, but to what extent does this sanctioning of call of imports from russia? to what extent this is open the door for more serious sanctions on other fossil fuels. and i'm thinking especially of gas, there is this debate around stopping gas imports. yeah, that's the big question is it's a step, it's a move forward and the, the country is obviously starting to agree to this. but the gas issue is the major issue. if the european union really wanted to turn the screw on russia, what they would do is ban in ports of gas. the reality is, is the number of countries are heavily reliant on russian gas, including germany, to the tune of around 40 percent. that would be really difficult, although the german government has started to make signals that it's potentially prepared to really take the, the pain of this as we go forward. but the question is, other countries that perhaps have a slightly more pro russian leaning starts in the european union? if you think about bulgaria, for instance,

which is almost entirely dependent on russian gas, that those countries, if we start looking into gas sanctions that they could potentially start asking for op toes. i think what we're seeing from the european union is this contest consistent ramping up. and we're seeing this now with the financial sector that's been slightly targeted as part of these new 5th round of sanctions. they're trying to do as much as they can and sort of build it up to, to put as much pain on russia. they really, they, as they say, their intention is to bring an end to the war and ukraine. steven or jack perch and brussels. thank you very much. assuming that you does put russian coal on the blacklist, where will the block find a replacement for that still critical resource? well, one option might be indonesia. it's one of the world's largest producers of coal. and with global prices being, what they are exports are becoming even more lucrative at the beginning of the year, the in manage and government crackdown, imposing an export ban on cold. but the band was on the enforce until the end of

january. now, coal ships are allowed to head for international ports, again, as long as domestic supplies are short, a quarter of the production must remain in indonesia sold at prices set by the government. exported, cool, on the other hand, will reap a bonanza for the cool companies. thanks to the shop price and prices on the world market, fueled by the russian wolf, aggression in ukraine. the price of a ton of coal recently climbed to over $400.00 us dollars. but cool, the rich and anesha is also focusing on renewable energy for the long run and wants to be carbon neutral by 2060 indonesia. as a broker countries. yeah, we are having a lot of sources of solar and also be said that we have also wind. and then they're also martin. i energy source. we beside those are beside those

technology. we also expect the development rapid development of the and the distorted system. at the moment, however, climate damaging coal is the country's most important energy source. for this year, the government expects production to grow by 8 percent. let's look at some of the other global business stories making headlines. almost 20 percent of germans have been reducing their energy consumption since the war in ukraine began. that's according to a new poll. most consumers are trying to save money amid soaring energy costs and inflation. the conflict has pushed gas and oil prices to new highs. grease has fully paid off its debt from its 2010 financial crisis. and 2 years ahead of schedule at that 8 years ago, the international monetary fund provided the country with 3 successive bailouts, totaling some 260000000000 euros. that to prevent it from going bankrupt.

going to have you on mosque has taken up a seat on the board of twitter. the news comes the day after the company revealed must was the ship's at the social platforms. biggest single investor purchasing a 9.2 percent stake in the company shares and shorter evers and 30 percent in the past 2 days long. let's take a look at market. now's lot markets now rather a strong reaction wall street to new comments by a top federal reserve official. let's go to jens quarter in new york with more. yes . what can you tell us about these remarks from lael brainerd. yes, even and the important thing is not just what was said, but who said it? you mentioned lay brainer. she has no one within the federal reserve as being one of the bigger doves and not hawks. meaning that in general, she stands for louis monetary policy. but now she's saying that the inflation is way higher than what the federal reserve likes to see that there should be a rapid reduction of the 9 trillion dollar balance sheet. and that it might be

necessary to increase interest rates a speedier than the $25.00 basis points that we've seen at the last fed meeting in march. so she's kind of hinting that maybe at the next meeting early. maybe we might even see an interest rate increase of about to 50 basis points. inflation was already high in the u. s. when the war broke out, it's only added to those inflationary pressures. what are economists and experts expecting the big still expected inflation can be brought into line this year? as steven, i mean, clearly inflation will run higher than that say a year or 2 ago and also driven by the war in the crane with commodity prices. metal prices being definitely elevated and might states. so for now, but as you hinted to mean the war in ukraine was not the only driving effect or for an inflation, we have all the supply chain issues, then there would really depend how the pandemic develop. so we've seen those locked

downs in china, for example. they're clearly not helping, but most economists the leave and hope that at least by the 2nd half of the year, the latest early a 2023, that at least those supply chain issues will get better. and so that inflation will still be elevated, but not as high as the unit right now in the quarter in new york. and finally here on earth. airbus is known for building airliners. but did you know the company is also building a new spacecraft? air bus has unveiled its juice probe. yes, that is the name. it's an acronym for jupiter icy moon. explore. and that's part of a european space agency mission to unsurprisingly explore jupiter and those icy moons, ganymede europa and calisto, which could even harbor signs of life. the probe is scheduled to launch a year from now here's a reminder,

the top business story we're following for you. the european commission is preparing to ban russian coal imports as part of a 5th package of sanctions. and as a response to new allegations of civilian executions by russian soldiers near keith, all 27 member nations will have to agree to the measures. that's a for me and the dw business team, you can find out more about these and other stories online. the w dot com slash business to watch. i want my life done use escape from my nose. my home in 2014 vineyards. because 14 piece army occupy did to my home town. i lost my home for the 2nd time this month. seem to you because rush in the army, i take to, oh, you grain. close up. next on d,

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