tv Business - News Deutsche Welle April 8, 2022 3:45pm-4:01pm CEST
3:45 pm
such a port is what your commission president was left on the line wants to convey on her visit 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 imports 20000000 euros 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 and timber cement, and vodka. it prohibits entry for russian ships, the e ports and a full transaction ban on for key russian backs and import ban on russian cold timber voc russian vessels are largely prohibited from using e ports and there are further measures against the russian banks. let's get the view of alexander rodney. i'm ski, 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 stuff. it's
3:46 pm
a step forward, but it's not sufficient. so a sanctioning cole cole is about 4000000000 years and imports per year. that's nothing compared to the overall fossil fuels and energy imports that are coming from russia. this year it's projected to be somewhere around $321000000000.00 that russia is going to make by him, by exporting 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 well as the 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, you know, the lists. exactly. but that's also good stuff forward. what makes you, sir? sure, that targeting rushes energy sector is the right lever. moscow's war
3:47 pm
chest must be filled. well, let's try so russian, the rest of the budget is sort of 50 or more than 50 percent reliant on energy 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 is made. so they rely on russian gas over the years. and there is no l n g terminal. there's no infrastructure to start and importing gas from somewhere else . so oil is the place is done, oil is easier to know, substitute from the middle east. let's say there's 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 be targeted like metals, chemicals, other things. it's important to target exports, not just important to russia, because that was going to devalue the rubel. that's what's going to depreciate the
3:48 pm
ruble. that's what can drive up inflation in russia and really drive home the message to the russian population that this war need to stop. so this is what we're, this will what we're 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 make the russians withdraw her on 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,
3:49 pm
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, we see signs of activity. we're 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 i've recently seen by the ministry of the economy, which says that we've lost about $120000000000.00 worth of infrastructure for
3:50 pm
comparison over the years from 2014 to 2020. the e u has granted us around $103000000000.00 for the construction of bro bridges in airports. so that's just, you know, to put things in perspective as 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 chrono as the front runner is gambling on his economic record to win re election. the french economy has enjoyed a strong post pandemic come back, and mister micron has pushed through business friendly reforms, but with inflation rising. so could the number of voters feeling left behind it abuse? sonya follicle reports from paris. daniel mark is a big believer in the future of french manufacturing and he insides. here we will
3:51 pm
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 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 inspection of every single bath. most your lives in the phone with the kindred financially from the french government during the corporate crisis. that helped it, whether the crash of aviation sector and hold on to its workforce as of technicians, engineers and developers, and a specialized no, ha, ha, ha ha. and we still my crosbie very present at the 1st melon for the entrepreneur. oh, to help them or to girls in 2017 industrialization is back in france with new projects . new manufacturing in these momentum has been increased during the coffee planning due to all those helps from the government. and this gave us
3:52 pm
a very strong position on the market. last year, the company received another cash injection of 1500000 euros. as part of a massive government recovery plan de turbocharged industry. dummy mark is using the fresh money to see the construction of a cutting edge manufacturing plant to invest in smarter products and attract startups. you know, they can propose as the his optimism is borne out by dieter unemployment. this fallen consider purchasing power has grown and the french economy has been good company. but have the economy gains, took a gun and put it ticketed to support from ucla. policies have been quite poor business and internationally. fonts is economic attractiveness has definitely improved coming. despite the strong figure away menu, household feel like the situation is not improved. we mean, there's a gap between the economic data and people's perception, which is always pretty, she couldn't meet. it was,
3:53 pm
or was it really the primitive at this market in southern paris, supporters of mccaul, hoping to swing waters as election through people who are divided over as they can on the pump. also to gap between the richest one percent and the poor 30 percent has widen. is that what you call an improved french economy? can be prosecuted pittsville ford? well, i think, 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 see here in paris you can always find work, but the rest of the country thinks the more difficult some french company elections will provide. one verdict on my course economic record. the next classes were ready looming as fonts and your brace for the knock on effects of the russian water. the quick johnny mina from paris is cornelia wall. she is a professor of international political economy and the head of the berlin best
3:54 pm
hurry school. she has written extensively on the importance of the upcoming french election. welcome to the w. the knock on effects of the ukraine war are. busy already becoming an issue in the election campaign. how are candidates addressing them? 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 fear factors for everybody, including the current government. because as you will remember, the movement was also triggered by rising energy prices. so the current government is spending 50000000000 to cap a surgeon energy prices at the moment. and is very concerned about the effects 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. and different candidates will address the issue differently. it's easier to say i will be very conscious of
3:55 pm
purchasing power. there are 2 or whatever candidates will use. i think the current government has the advantage of actually being able to implement something in the presence, but it is an issue that will affect also the gap between rural population voting and city voting. cities are much more connected to the transfer and we know that the pen was likely candidates would be in the 2nd round, has a much stronger port holes in the rural population. and this will benefit her because she says i will care for energy prices and her electorate census. now you mentioned didn't come in tomorrow, micron at the far i candidate marine la pen are seen as a fund runners and his election an adult, same or le 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 my call was
3:56 pm
the front runner. but what we now see is that the pen, who was always expected to be in the 2nd round, has a much bigger award share that she will gain even from candidates that would, in the past have been closer to centrist him. i'm a call. who has the debate, whether he's more left or right? so people would have expected that voters who go for a left candidate like middle shore with then go through my on 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 to append the immediate, the transferring the same. and so we get the re composition of the votes between the 1st 2nd round. that is, i think in many ways and that will give a pen probably a good 10 percent more both than she had in the past. and i think they're not as
3:57 pm
announced in the election service, which of course we always have to take with a grain of salt. they have all professor of international political economy. thank you for your thoughts. thank you. and that wraps up our show. i'm chris colburn. berlin, thanks for watching. have a good weekend. ah ah, with ah,
3:58 pm
india. i toxic tied in delhi z, yamuna river, made from detergent. indian cities have masses through which problems, which are still managed by hand in some places. but help is on the way who bought this is when the going gets tough, but they might not even be necessary thanks to organic detergent. tico india. you know, 90 minutes on d w. not just another day. so much is happening all at once. we take time to understand this is the day in depth look at current news, events analyzed by experts and critical thinkers. not just another new show. this is the weekdays, on d w. what does
3:59 pm
war do to people are hatred and violence inherited from generation to generation. hey, an award winning documentary searches for answers for 2 years. and the author, companies are sell a fist family in more than syria insights into the isolated world of radical islamists and into a spiral of violence without end with a film about family, faith, masculinity of fathers and sons starts april 16th on d, w. ah
4:00 pm
ah, this is due to renew is leih from berlin, deadly attack russia targets the train station packed with civilians trying to flee to safety. at least 39 people confirmed dead and dozens more injured after missiles struck the station inc, from a tourist in easton, ukraine officials on the ground. se the attack was deliberate and evidence of russian atrocities are mounting in ukraine. we hear from survivors in the recently liberated town of border younger and how to reduce.
25 Views
Uploaded by TV Archive on