tv Business - News Deutsche Welle April 8, 2022 6:45pm-7:01pm CEST
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job support is what your commission president was on the line wants to convey on her visit to give last night the you has approved an important ban on russian call as part of a new package of sanctions against moscow. the you imports 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 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 vodka, russian vessels are largely prohibited from using your ports and there are further measures against the russian banks. let's get the view of alexander rodney mc. 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
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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, by exporting, oh, i'll gas and call to to europe. no, coal 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 need to be. and there is other sanctions that have been introduced on individuals will have to see, you know, the list. 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
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chest must be filled. well, that's right. 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 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 and importing gas from somewhere else. so oil is the place is done, oil is easier to 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's what's going to devalue the rubel. that's what's going to depreciate
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the rubric. that's what's 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 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 know resuscitating, especially around kias. because we've freed, we basically, you know, hit back at the russian made the russians withdraw her on key of in the north of ukraine. so certainly, life was starting to return slowly. and in some other areas, west ukraine has not been that badly hit, although there were bombardments, of course, and still are, but people are, 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,
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agriculture workers, and farmers 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 where, 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
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comparison over the years from 2014 to 2020. the e u has granted us around $103000000000.00 for the construction of bro bridges and 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 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 mclaren has pushed through business friendly reforms, but with inflation rising. so could the number of voters feeling left behind it abuse? sonya folly car reports from paris. daniel mark is a big believer in the future of french manufacturing and he insides here we will
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manufacture the product. his company makes 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 clean the balfour 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 everything above most your lives in that the phone receive kindred financially from the french government during the corporate crisis . that hurt it. whether the crash of aviation victor and hold on to its workforce as if technicians, engineers, and developers, and a specialized no, ha, ha, ha ha. and we still my crosbie, very present at the feel smell and for the entrepreneur o 2 held them. uh, 2 girls in 2017 industrialization is back in france with new projects, new manufacturing. and these momentum has been increased during the coffee pending due to all those helps from the government. and this gave us
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a very strong position on the market. last year the company was seat, another cash injection of 1500000 euros. as part of a massive government recovery plan to turbocharged industry. dummy a mark is using the fresh money to see the construction of a cutting edge manufacturing plant to invest in smarter products and attract stops, you know, they can propose as the best. his optimism is borne out by data. unemployment has fallen. consider purchasing power has grown and the french economy has been good company, but have the economy gains trickle down pretty ticketed to support her muscles. policies have been quite poor business and internationally. fonts is economic attractiveness has definitely improved. despite strong frequently menu household feel like a situation is not improved when there's a gap between the economic data and people's perception, which is always pretty. she couldn't meet it was talk to you or was it really the
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police at this market in southern paris, supporters of mccaul, hoping to swee waters as election through the people here and divided over this. they can amik pumps also to gap between the richest one percent and the poor 30 percent says why didn't is that what you call an improved french economy? because wish boesky said, peter, but 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 shoot him paris, you can always find work, but the rest of the country thinks the more difficult some french company related to the emotions will provide one verdict on my course economic record. the next crisis is already doing as fonts and your a brace for the knock on effects of the russian water decrease. joining me now from paris is cornelia wall. she is a professor of international political economy and the head of the berlin best
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hardy school. she has written extensively on the importance of the upcoming french election. welcome to dw, 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 election 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 it's 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
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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 lupin 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 electric and sensitive to them. now, you mentioned the income and the amount of micron and the far i candidate the marine, the pen are seen as a fund runners. and this election an adult, the same or independent 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 the call was
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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 the interest in my call. who has the big whether he is more left or right, so people would have expected that voters to vote for a left candidate like mental with then go through 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, then immediate, the transferring, the same manner my call. so we get the re composition of the votes between the 1st, 2nd round, that is rising in many ways and that will give a pen probably a good 10 percent more both then she had the path, it turned out as the announced in the election surveys, which of course,
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strong, clear positions, international perspective with russia pull back north of care has brought relief but her as indications of a civilian bass, the car come to light will be apparent war cry convinced germany to embargo brush and fossil fuels, find out on to the to the point with d, w. it's history lesson time, and the subject to seen mar away teaching the holocaust to germany's generation seen. and then how the young people learn to remember, we've got something they did not experience. we accompany them for 5 years, a time that moves and triggers. new questions are in 75 minutes on
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d. w. every journey begins with the 1st step and every language with the 1st word, hello, pinnacle. rico is in germany to learn german. why not learn with simple online, your mo bile and free to shop. d, w e learning course, nikos vague. german made easy people in trucks injured one trying to flee the city center and more refugees are being turned away and the board families flane bomb attacks in syria. these critical illness against them is traitor. people fleeing extreme drowned to rough getting 200 people has sunk in the gmc around the world. more than 300000000 people are seeking refuge. we ask why? because no one should have to flee. to make up your own mind. d. w. for mines.
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ah ah, this is news line from berlin, deadly attack russia targets the train station packed with civilians trying to flee to safety. at least 50 people, confirmed debt and dozens more wounded after missiles struck the station and from a tor scan east and ukraine. officials on the ground say the attack was delivered we have seen the cruel face of a army european commission present, or is there a bond or a lie and shocked after witnessing atrocities 1st hand on.
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