for the 1st time since its invasion of ukraine, the e is targeting rushes, lucrative energy sector. the european commission has proposed a new sanctions package with an important ban on russian coal and the center of europe. imports about half of the thermal call from russia, which it uses to generate electricity and fuel power station. because of the blocks heavy dependence on russian energy deliveries. the leaders had been hesitant to include the sector in previous rounds of a short while ago. i spoke to gary sack men, an expert on energy policy at the brutal thinktank, and i asked them if an import band of russian, coal is a real lever to apply pressure on moscow or more of a symbolic move that, that you isn't shying away from targeting this crucial sector for now, it is more of a more like exercise in showing that we are now breaking to and going for energy

sanctions that will not have massive implications as such. so even if we're entirely stop buying russian call in european union, that boils down to that, you know, about $20000000.00 euros per day, which is less than 10 percent of what we pay daily for oil or what we pay daily for a russian guess. so it's a rather small amount that it is currently being targeted to you. so when we say the gets around 50 percent of its coal from russia, that sounds a lot, but actually it is not how important is the commodity to the block of 1st of all, it's not 50 percent of our coal, it's 50 percent of our imports. so europe is still producing in countries like poland, significant amount of coal itself. and there is also leak night, which is entirely produced with europe in union. and then you have to see the

global market, which is very tangible and liquid market. so if essentially no more impulse friendships with co come from russia, then co ships will come from countries ny columbia, south africa was trail. yeah. indonesia. and that will be relatively simple to, to use disco or to replace russian calling the european market. just think a few years back of the russian, she has an impulse to the tune of 20 percent. that this market can really create the rebalance and, and change to supply us. could russia find other buyers than if there is other suppliers to europe? so india, for example, hasn't shown any hesitant to do business with moscow, even him at the horrifying pictures coming out of ukraine. that's exactly the flip side of this availability of additional quote to the european market. that there's also means there might be bio for rough and cool on the global market. so that's

why i said it beginning. i counted more as a 1st step in energy sanction as it was embellish, move, saying we don't shy away from energy sanctions anymore. but the real implications of coolant import stop from europe for, for russia will be very limited as movie to implications on european court consumption. gary tuchman of the brutal institute. thank you for your insights. russia's invasion of ukraine is showing ripple effects around the globe. and as the war keeps pushing prices for commodities like oil and wheat, the asian development bank has trimmed as forecast for the region. the fall out of the ukraine war isn't the only thing that has the a d, b concert. first, the pandemic. then the war and ukraine asian markets are reeling from the effects of both catastrophes. according to the asian

development bank, economic growth will be smaller than expected. the philippines base lender is worried about the impact this will have on the prices of commodities, which are certain to trickle down to consumers and have lasting effects. if stations are, are increased and are effective in really preventing russia from selling his oil and gas than bad, clearly would lead to a even greater spike in oil prices be highly transmissible. alma con variant is making it difficult for some of asia strongest economies to recover. an extended lockdown of china's manufacturing center, shanghai, and spike in covey deaths in hong kong is making this close to impossible. if the buyers were to spread to many chinese cities and the government maintain a very strict 0 coverage of the really could be very disruptive to economic

activity in china, which would emanate throughout the region and an expectation that the u. s. federal reserve will raise interest rates also has some investors worried? the circumstances have led the a d. b to trim growth forecasts 420212022. only one thing asserted in this global economy. a projection is merely that alicia china now 26000000 people, confined to their homes, and no end in sight. following a public uproar, shanghai officials have now allowed parents to stay with children infected with coven 19. but the full locked down, which started in parts of china's largest city 10 days ago, has been extended images almost identical to the beginning of the pandemic. 2 years ago sion highest residents have been ordered to stay at home on li supermarkets and

pharmacies are still open for this fish processing factory. the financial tool is catastrophic. according to its supply records, fish was delivered and processed on march 22nd. since then, production lines have stood still well on 10th hooker rounds. oh, on that 2 weeks ago, revenue was just 50000 new on which wasn't even enough to pay my staff for guns ever got from 50000. you on about 7500 euro's that turn over is now 0. is state on bank has issued the factory a low interest loan worth 450000 euros. it's manager hopes it'll be enough to keep the company afloat during the locked down. so i had no access to cash because of the outbreak, and then suddenly this loan provides a lifeline turn ching lighter houses. no one knows how long the locked down will last. even with very low case numbers. chinese authorities impose curfews mass

testing and seal of entire cities the case now in shanghai. state media reporting that these measures could reduce new infections to 0 within 2 weeks. this is also the hope of the owners of shattered companies in stow us, who all fear for their businesses. let's get more of this from dw sold, sung han entire paid. so 26000000 people on lock down. how are they reacting? proposed frustration is growing and is shocking to see residents of different beauties chanting slogans like lived. there is restriction or give us food all we will die from hunger. we also see small rioters trying to rush out to get health care, food, and other life necessities. many more people took to chinese social media to share their stories. in some extreme cases, threats or self harm or violence were report it. it's really tough for the government to handle because not just the general public of the medical staff,

police officers, middle level, or senior officials, are disgusted by the total locked down. people just cannot stand it any more. and so with an entire city population confined to their homes. does this mean nobody is out working? yes and no, no one is out, but people are still working. in fact, before the total locked down for march 30th employees are many firms already set up tents in their offices or they were put into food and housing in the factory mote with blank uh, with bunk beds in the factory and showers in the toilets after the total lockdown, the government sent drones to warrant any one who leaves any booting. so for most industries, working from home is an option or they have to implement. close the loop production with employees living, working and traveling only between 2 points within the factory area. so they are not out but working it. so let's try to look at the bigger picture here. economists

are predicting this lockdown will cost shanghai more than $3.00 and a half percentage points in economic growth this year. what is it likely to mean for china's economy as a whole? shanghai is the largest and most popular city in china. it contributes the most to its g, d, p, along with beijing gonzo and sent in. there are reports saying that if somehow is closed for 2 weeks, the impact on china's g d p for that month would be about 2 percent. if it's close for one month, their loss is roughly 4 percent. china is likely to struggle reaching its growth target of 4 by point 5 percent this year. it will seriously undermine the confidence of foreign investors. and it discouraged many potential investors and many foreign companies in shanghai. we'll have to consider the risk of a repeated disruptions or restrictions in the logistics supply chain and choose to downsize or even relocate. and with the economic toll of it's 0 covert strategy.

mounting is china likely to stick to this palms? yes, one reason commentary piece on the official newspaper explains the logic behind it . china 0, call this strategy. compare with the idea of co is this thing with the virus is on the surface a battle of ideas strategies. but in essence, it is a battle of systems national power governance capacity and even civilization to the page in authority. the statement shows that the chinese community party leadership sees health prevention and epidemic prevention of the battle with the west. chinese president sheeting, he wants to use it as a tool to realize his personal achievement at all. at all cost. he w correspondent, so song her entire paid. so thank you and less than 2 weeks before you, sir. italy's ferrero is recalling kinder chocolate eggs and 7 european countries

over possible links to sell manila. dozens of infections have been detected in several parts of europe and the u. k. although they are not proven to stem from the toy filled treats, in fact the health agency did not mention pharaoh or any other company, but warrant that the report reported cases were mostly among children under 10 years old, many of whom had consumed the chalk and his reminder of our top story at this hour, for the 1st time since russia's invasion of ukraine, the european commission looks at directly hitting the country's all important energy sector. with an import band on russian coal and option long an option long off the table. as of much of europe's energy depends on such that social for knob for more checkout website at www dot. com slash business for

d. w. news on the to to channel. i'm chris colburn. berlin, thanks for watching. have yourself a success with with

a doing business with russia. so many international companies. that's no longer an option since the war began. they support the sanctions against putin and accept losses in the billions. but some public katina, blair cox with made a 90 minutes on d. w. every journey begins with the 1st step and every language with the 1st word. pinnacle niko is in germany to learn german with why not learn with him. with it's simple online, on your mo bile and free t w's, e learning course, nico speak,

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starts april 16th on d, w. ah ah this is it every news live from berlin, surviving boucher, after 4 weeks of living under russian occupation residence of the ukrainian tout the scribe to d. w. some of the atrocities they've witnessed by russian troops also coming up with when the well see what happens in murray. you pull, it will be butcher multiplied 515-105-1000 eyewitness account of the bombardment of mario paul from a doctor who fought to help the injured and then made a difficult and risky.