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tv   Business - News  Deutsche Welle  April 8, 2022 12:15pm-12:31pm CEST

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please call back when you can always get all the latest news and background on a website. that's d, w dot com. i'm gab elvis for me and the news team here in berlin. i spoke with what does more 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 that sell a fist family in northern syria insights into the isolated world of radical islamists and into
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a spiral of violence without end. a film about family, faith, masculinity of fathers and sons starts april 16th on d, w. the it is more but is it enough? as the chief of the commission had the king to underline european support for ukraine, we get the view of one of the ukrainian presidents advisors on the blocks latest sanctions package against russia. and we take a look at how the knock on the facts of the war and ukraine are set to become a decisive factor in the french presidential election. i'm chris colbert. welcome to the program. a message of the port is what your commission president was left on
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. the line wants to convey on her visits to give last night. the eu has approved an important ban on russian call as part of a new package of sanctions against moscow. the you import 20000000 years worth of russian cold daily, which is a fraction of what it pays for russian oil gas measures also include and import band for us in timber cement and vodka. it prohibits entry for russian ships, the ports, and a full transaction ban on for key russian backs. let's get the view of alexander rodney. i'm skate, he's an economic advisor to the ukranian president. welcome to d. w. alexander. what are your thoughts on the latest package of sanctions that you agreed on? well, thanks for having me. well, it's a good step. it's a step forward, but it's not sufficient. so a sanctioning cole cole is about 4000000000 years and imports per year. that's
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nothing compared to the overall fossil fuels and energy inputs that are coming from russia this year. it's projected to be somewhere around $321000000000.00 that russia is going to make by, by exploiting or i'll gas and call to, to europe. no call is banned. so you know, that's the numbers and for 1000000000 and coal is really not, not sufficient. we need more. we need sanctions on oil sanctions on gas. oil is the place to start, substitute away from. and that's what, that's what needs to be and there is other sanctions that have been introduced on individuals will have to see lists. exactly. but that's also good stuff forward. what makes this ensure that targeting rushes energy sector is the right lever. moscow's war chest must be filled. well, let's try so russians, the rest of the budget is sort of 50 or more than 50 percent reliance on energy
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exports. and so most of the one 3rd of the is really due to oil. and that's the place to start, that's what we've been saying because we know that gas, it's harder to substitute away from, especially in germany, which has made itself, they rely and on rush and gas over the years. and there is no l n g terminal. there's no infrastructure to start in pro importing gas from somewhere else. so oil is the place is done, oil is easier to substitute from the middle east. let's say the terminal there is infrastructure for it to be transported so that you know, that's the obvious thing. but of course, as you say, so you know that there is also the other 40 or 45 percent of exports that are coming from russia. and those could also be targeted like metals, chemicals, other things, it's important to target exports, not just important to russia because that's what's going to devalue the rubel. that's what's going to depreciate the ruble. levels can drive up inflation in russia and really drive home the message to the russian population that this war
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need to stop. so this is what we're, this will we are encouraging enough to do alex center. i want to talk to you about the situation in ukraine despite the fighting the war, the hardship, the death. is there still economic activity? yes, there is still economic activity impact. some of the economic activities. no resuscitating, especially around kias. because we've freed, we basically, you know, hit back at the russian made the russians withdraw around key of in the north of ukraine. so certainly, life is starting to return slowly. and in some other areas west, the ukraine has not been that badly hit, although there were bombardments, of course, and still are, but people were still working. so we see, for example, agriculture is very much, you know, the production going on. now it's the planting season and people are, are workers, agriculture workers, and farmers are planting their seats. they're even coming to our banks and asking for working capital loans. so that's, you know,
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we see signs of activity. sure. ukraine's defense minister has been calling on nato members to provide more weapons fast. do you feel that there is enough economic support as well? well, we were grateful for the economic support that we're getting. there's definitely, you know, economists support for you know, balance of payments. there's macroeconomic stability that we're getting from the i m f world bank or european partners the us. so, so far we're holding up, but of course going forward. what we will need is a big recovery fund for ukraine in order to rebuild our infrastructure, rebuild over, destroyed roads, bridges, and buildings. there's already an estimate out there which have recently seen by the ministry of the economy, which says that we've lost about $120000000000.00 worth of infrastructure for comparison over the years from 2014 to 2020. the e u has granted us around $103000000000.00 for the construction or bro bridges in
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airports. so that's just, you know, to put things in perspective, it's already been more destroyed than what we received or 6 yet. thank you for your time. it is to france now. the country is set to hold its 1st round of presidential elections on sunday, and president, a man on the cronner as the front runner is gambling on his economic record to win re election. the french academy has enjoyed a strong post pandemic come back. and mister mclaren has pushed through business friendly reforms, but with inflation rising. so could the number of voters feeling left behind the w's? sonya follicle reports from paris. dom, your mark is a big believer in the future of french manufacturing and he inside here we will manufacture the product. his company mix locking systems for aircraft engines using smart technology robots. the 1st one is going to grab the parts after the machining
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process is equipped with optical. 1 and so he will cleaned about 4 sheets and then bring it to the 2nd guy. the 2nd robot with we and this guy will do 100 percent of the infection of everything above most your lives in the pharmacy chinned with financially from the french government during the corporate crisis. that hurt it. whether the crash of evolution, victor and hold on to its workforce of technicians, engineers and developers, and a specialized no huh esa and mister my crosbie, very presents at the 1st melon for the entrepreneur. ah, to help them out to grow since 2017 industrialization is back in france with new projects, new manufacturing. and these momentum has been increased during the covenant due to all those helps from the government. and this gave us a very strong position on the market. last year, the company received another cash injection of $1500000.00 euros as part of
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a massive government recovery plan de turbocharged industry. dummy a mark is using the fresh money to split up construction of a cutting edge manufacturing plant to invest and smarter products and attract stops . you know, they can propose as the best. his optimism is borne out by data. unemployment is fallen. consumer purchasing power has grown and the french economy has been the company. but have the economic gains trickle down lower in put a ticket to ship called macros. policies have been quite pro business and internationally. frances economic attractiveness has definitely improved more come up. but despite the strong figures menu, households to feel like our situation has not improved with me. now there's a gap between the economic data and people's perception, which is always threatened, but she frequent image. it was on to you were wise, it's roy nipple, imaging at this market in southern paris. supporters of macro are hoping to sway waters as elections loom people here undivided over his economic policies. her
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issue also to the gap between the richest one percent and the point is 30 percent has widened on cost. is that what he call an improved stranger conway? because it was rich, bosky separate. but what i do, given the circumstances macro hasn't done too badly and the economy, he achieved what he was elected to do with the liberal program. you can silly the either he salvage whether you're in paris, you can always find work, but the rest of the country, things are more difficult either. some french companies have will appear to have the elections will provide one verdict on macros. economic record places were waiting a sponsored your brace for the knock on effects of the russian water. the queen. joining me now from paris is cornelia wall. she is a professor of international political economy and the head of the berlin best her to school. she has written extensively on the importance of the upcoming french election. welcome to d. w. the knock on the facts of the korean war are already becoming an issue in the
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election campaign. how are candidates addressing? it's a very good question because the war and ukraine certainly is the single most important event that is affecting the selection on many dimensions in terms of energy prices is i would say, one of the biggest peer factors for everybody, including the current government. because as you will remember, the yellow west movement was also triggered by rising energy prices. so the current government is current is spending 50000000000 to cap a surge and energy prices at the moment. and is very concerned about the effect that this might have in the media in the short, in the, in the medium term. and in the long run, of course, as well as different candidates. we'll address this issue differently. it's easier to say i will be very conscious of purchasing power, verity or whatever candidates will use. i think the current government has the
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advantage of actually being able to implement something in the present, but it is an issue that will affect also the gap between rural population voting and city of voting. cities are much more connected to the transport and we know that the pen was like the candidate to be in the 2nd round has a much stronger foothold in the rural population. and this will benefit her because she says i would care for energy prices and her electron. now, you mentioned didn't come and they're not on my call. the for, i candidates marine, the pen are seen as a front runners and this election. and i will say, marine, the pen is closer than ever to winning this election. how likely is that? absolutely. i think it is a true chance of happening. it is not a boring election that was predicted some weeks or months ago because them and i was the front runner. but what we now see is that money depend, who was always expected to be in the 2nd round, has
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a much bigger watcher that she will gain even from candidates that would, in the past have been closer to interest. in my call. last is debate whether he's more left or right, so people would have expected that voters to vote for a left candidate like a would then look for a mac one, the 2nd round. but what we now see is that even among these candidates voters prefer to send an anti system signal and go from, for example, a communist candidate, even a pen immediately transferring that goes to a man or my home. so we get the re composition of the votes between the 1st and 2nd on that is, i think in many ways and that will give and probably a good 10 percent more of those then she's had in the past. if things turn out as announced in the election survey, which of course we always have to take with a grain of salt, they have all professor international political economy. thank you for your
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thoughts. thank you. and that wraps up our show. i'm chris kolber and berlin. thanks for watching. have a good weekend with the war has forced more than 4000000 ukrainians. tiffany, their country like alexei, a 36 year old business owner who left his company and employees behind people who continued to rely on him for a salary. will his enterprise be able to survive the war? a dw business special clicking next on d w. we've got some hot tips for your bucket list.
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ah, magic corner chat. hot spot for food, and some great cultural memorials to boot d w, travel off we go. ah, abandoning nearly everything a fade to death, millions of ukrainians have had to encounter so far. on the show we meet a filmmaker who managed to flee the war and is not worried, not only about his business, but about the lives of his employees. to 70 percent are still in ukraine or against the south. some of them are in territorial found.

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