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ah, you sanctions are not enough. that's according to ukraine's president's lensky still less than a day after member states agree to target fossil fuels for the 1st time. we'll hear from an economic advisor for the president about what ukraine wants from the you. also on the show, the french presidential race is tightening. the economy was supposed to be a strength of a man. well, microns, but rising. prices are changing the calkins. welcome to the show. i'm from beardsley. new sanctions on russia, including an import band on coal,

are not enough. those the words of ukraine president, florida mids lensky on friday as he welcomed you, commission president or sl of underlying to keith. thank you. members, approved sanctions last night. it's the 5th round of measures against moscow and the 1st to target russian fossil fuels. ukraine president joins a growing chorus of critics. the you import, 20000000 euros of russia called daily. it's a fraction what it pays for russian oil and gas. here's what zalinski had to say. you're judging on personally grateful for the 5th package of sanctions, but i believe that it's not, not all of them, all the russians took a lot away from a lot of shows a balance to more. but that's why i'm asking for help in the form of sanctions. they have to be strengthened whenever we need. otherwise, russia won't listen to anything or anybody. mitchell, in you go over the coaching, should we have, as you said, imposed 5 waves of unprecedented sanctions against russia. and we are already

preparing the next wave. we are now moving into a system of rolling sanctions. and the sanctions are biting heart. alexander rodney lansky is an economic advisor for president lensky. he spoke to my colleague chris cobra, earlier today to explain why keith was underwhelmed by the new sanctions a step forward, but it's not sufficient. so a sanctioning co call is about 4000000000 years and imports per year. that's nothing compared to the overall fossil fuels and energy inputs that are coming from russia. this year is projected to be somewhere around $321000000000.00 that russia is going to make by him, 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 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 list. exactly. but that's also good stuff forward. alexander, 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, head 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, the west 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, we see signs of activity. well, a german government has outline new plans to help domestic businesses affected by the war as well as the resulting sanctions. the package includes $5000000000.00 euros worth of grants, as was $7000000000.00 euros, low interest loans and loan guarantees. some businesses worry that it still will be enough. the thumb keys the shine based in eastern germany specializes in wire making machines. it's dependent on the russian market for much of its business. the company has 45 employees, but managing director against kissell shine doesn't know whether he can keep all of them. well, of course we have to look for tentative customers. that'll take time. it could lead to a cut and working hours in the worst case scenario to lay offs. the german government

is offering billions of euro's worth of low interest loans to industries affected by the war and ukraine. shuttles for new. i believe it's necessary now there are certain companies and industries which won't survive if we don't make this type of support available in the 8 isn't just for companies cut off from the russian market, but also farms struggling due to rising oil, gas, and electricity prices. many companies welcome the support, but kieslein worries about the long term effects. the government cannot take care of. he's afraid he'll lose russian customers in the long run as they turn to asia to buy their machines. let's go now to some of the other global business stories making headlines. world food prices jumped nearly 13 percent in march, largely due to the word ukraine, un food and agriculture organization warns that cost could continue to climb up to 20 percent. this puts much of the world's population at risk for mound attrition.

microsoft says it has disrupting hacking attack by russian group. it says the hackers connected to russia's military intelligence agency, tried to spy on ukrainian institutions and media, as well as government bodies and think tanks in the united states in europe. a boeing 737 cargo plane flown by german carrier, d h l. as rational, close rica, the crew was unharmed. the pilots learned air traffic control to a hydraulic problem shortly after take off the plane return for landings. getting off the runway breaking into 2 pieces we or france holds its 1st round of presidential elections on sunday. all show a tightening race as president manuel micron gambles on his economic record to win reelection or the bridge economy has enjoyed a strong post pandemic come back. and miss mccoy has pushed through business friendly reforms, but with inflation rising. so could the number of voters feeling left behind?

the ws? sonya found a car reports repairs done year mark is a big believer in the future of french manufacturing and he insides. here we will manufacture the product. his company mix locking systems for aircraft engines using smart technology, most orders that the firm received chinned with financially, from the french government during the covered 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. i. mr. mccoy's been very presents at the so swollen for the entrepreneur. oh, to held them out to girls in 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. his optimism is borne out by dieter,

unemployment has fallen. consumer purchasing power has grown, and the french economy has been a couple. but heavily economic gains trickle down lower in put a ticket to ship all macros, policies have been quite pro business and internationally. francis economic attractiveness has definitely improved more than that. but despite the strong figures menu, households to feel like our situation has not improved. when we know there's a gap between the economically target and people's perception, which is always threatened when she frequent image, it was on to your wifi to roy little images. at this market in southern paris, supporters of macro are hoping to swing voters as elections loom people here and divided over his economic ponce's apology. she also to gap between the richest one percent and the point is 30 percent has widened on is that what you call an improved french economy you really couldn't leave was which bosky separate of that while 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 me, i like the history of it have a urine. paris, you can always find work, but the rest of the country thinks the more difficult. some french companies have. we look at the elections will provide one verdict on macros, economic record. the next crisis is already looming, as fonts and europe brace for the knock on effects of the russian water decree over the markets now whilst refocused. very much on the federal reserve and its plans for the month ahead. that's made for something of a volatile weakened trading koreans quarter in new york for more years. investors have every reason to believe after this week that the fed is going to tighten monetary conditions tighter and faster. and yet there still seems to be this kind of uncertainty there on the market. what should we take from all of this now? well, even the federal reserve gave us a pretty good idea what to expect in the next couple of months, but clearly that is still no guarantee. and even if we see further tightening of

monetary policy, we also have other issues to deal with the war in the ukraine, inflation and so on and so forth. so what we did see in the past couple of trading days, that investors are going to be to be a bit more on the cost side. for example, for the week we saw and stop it started, sucks in the healthcare industry, consumer staples, energy stock's trading to the upside. and then on the other side, the technology share. so look at the nasdaq composite for the recreating balance by almost 4 percent. so those are interest rate and monetary policy rate, the sensitive stocks in there's even these whispers now the our word recession, should we believe them? well, it's even, it's not just only a whisper. i would say we have leverage commerce. the former treasury secretary talking about inflation in the future at the same we hear the same from experts

from bunch of bank, from bank of america from philadelphia, and the economy has cycled right? so sooner or later we will see a recession. the only question is, when and how deep that will be, and nobody really has an answer to that. at the moment, most economists do not believe that the recession is imminent, but could happen toward the end of the year at some point in 2023. and you already got some early warning signs. i mean, with interest rates increasing the pressure or use your mortgage rates, increasingly the pressure on the housing market and we have to wait and see until when that translates into the consumer. because that's when it really gets dicey. here in the united states quarter in new york, wrapping up that we can wall street. thank you very much. his or mine or the top is the story we're falling for you. the sour grains president flawed amid zalinski said new e u sanctions were not enough. as he met commission, president, font line in keep on friday,

new measures approved by member states on thursday include import bands on russian, coal, timber, and vodka. untouched so far, russian gas, several, you conduct economies putting germany's depended on it or you can find out more about these and other stories online. d, w dot com slash business checks on youtube as well. to proceed music with a joy ride through fascinating worlds into uncharted deb this our guides know their way around with a strictly scientific trip to some pretty wacky places. curiosity is required to borrow today. next on d. w. who dark and gloomy london.

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