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a you a cool cool. you guys but it was just me. in the moon. oh, ah ah, european leaders take their case for banning russian oil to smaller communities across the block. we'll visit a german refinery town. this applies almost all the gasoline and nearby berlin, where concerns are rising over oil deliveries and jobs. also on the show, illegal drugs are big business and business has been good during the pandemic. now, mexican cartels appeared to be deepening their ties to cocaine growers in columbia

. hello, welcome to the show. i'm see from beardsley in berlin. e leaders continued to push their plan to ban oil imports from russia by year's end, despite reservations among some members. now even here in germany where the government is behind the policy, big questions do remain, including in the small town of fate, that's near the country's border with poland. it's also the location of a large refinery that is partly owned by russian oil firm ra, snuffed the p. c. k. refinery supplies, the vast majority of gasoline for nearby berlin. it also has thousands of jobs tied to it. the e u has made it a top priority to stop using russian oil. it's a sweeping policy yet to be fully sanctioned by you members. it's controversial, not least because a sudden shift could ru livelihoods. this refinery on the border with poland, supplies, berlin with 90 percent of the oil. it needs including for the capitals airport. the

trouble is it's owned in part by a russian firm. not only would a sudden withdrawal push inflation even higher, but the community of sheet is anxious with the refinery, could be closed and jobs lost dancer stock. it's about the whole city to the infrastructure. i'm afraid it might collapse. it's is only the cultural center, the restaurants, eyes in the business community to feel of it will be very hard for many of us. yeah, it will be terrible. fragment of germany's economy minister attempt to lay those fears during a recent visit with mr. sina withdrawal of russian oil would be gradual on a bitter pill to swallow, for those demanding immediate action to support ukraine. but one where the consequences of taking action to fast could hit the poorest hardest. let's go now to some of the other global business stories making headlines. bitcoin

has slumped below $30000.00 for the force for the 1st time since july. this year. the crypto currencies value has more than have from a recent record, high of $69000.00. crypto currencies have generally tracked sinking markets, where investors are spooked by u. s. monetary timing as well. surging inflation. tesla has, once again cut daily production at its shanghai plant, due to supply chain issues. that's according to multiple reports. the car make a reopen production the city just 3 weeks ago, but has struggled to ramp up output. a 6 week coven 19 locked down in shanghai has disrupted business operations. throughout the country. division, one shares and palatine fell almost 9 percent tuesday after the fitness equipment maker reported falling sales and rising losses. the company which makes stationary bikes and treadmills, was briefly considered a pandemic winner. but it struggled to meet demands more recently, sales have fallen as jim's reopen or let's go to james sweeney in new

york. james, or what's going on with palatine, is this about the company itself, or is it about changing preferences that we're seeing as economies come out of the worse of the pandemic? willis and bulletin said, i had an all time low that's already known and sure it's easy to blame changing preferences of people. it's kind of an easy way out. the weather's nice. people want to talk and meet in person again. and let's be honest here, digital zoom. workouts are a secluded mirrored tv or a stationary bike in your garage has not matched and cannot match. the motivation of it in person grew class with an instructor, but pilots on also has the point, the finger at itself as much as it wags it bags its finger at the post cobra world . because at the start of the year, the valuation was $50000000000.00 and today it's $4000000000.00. that's a massive difference. and then a new c, e o came in and said wait, where's the cash flow, how back would it or we, we don't have this part. where's that part? now politan has made more than enough money to stay afloat and pay the bills, but now it's the future for the company that's in question. and that's a really big question that quite frankly, i'm not sure if there's really an answer right now,

especially in the short term. all right, james sweeney in new york. thank you very much. for what effect of the pandemic antis, lockdown has been rising drug use world wide, including cocaine for drug cartels that's big business and has had ramifications for communities across latin america. our next report takes us to columbia, where mexican drug cartels appear to be playing a bigger role. sees farmers used to harvest coke up lance, 3 times a year, but now they have to double that. as mexican drug cartels looked to cultivate not driscoll keen, but their relationships with the farmers who grow it. the cartel send representatives to pay farmers in advance and push highly productive strains. were premier r as in motors on for the 1st time in many years, coca growers in the region of the cash immediately and often up front. because the ability to move money from the areas of caputo to cut the tumble. for example, if is immense. elk of approval is in,

the cartels are wash with money and many farmers in the region need it, which also makes them more willing to comply with cartels demands to boost efficiency. and it seems to be working. average annual use of cocaine cultivated for hector has risen good news for the cartels, but more pressure on the farmers. continue on throw good rivera's control of the cultivation areas in the laboratories and can meet demand. can also maintain relations with the mexican cartels. make some farmers are experimenting with new seats. these varieties are especially fruitful and a product of cartel funded cultivation and it doesn't stop there. the cartels are also funding labs and warehouses to coordinate shipments and even investing in docs with access to pacific ocean. north pole does believe that drug trafficking has increased because the government has given no authority and it's not just no, it has been happening for years. trafficking has deep roots here because the government has been permissive. if not, the state has been permissive with poor families over active a se, gangs,

and cartels are profiting off of the poverty, fewer opportunities and lack of state presence. for the farmers, it's a source of much needed income and they have very little choice. but to accept elizabeth dickenson as a senior analyst for the international crisis group. she joins me now from bonita. elizabeth help us understand this a little bit better. why are mexican cartels choosing this moment right now to really up their involvement in columbia? i think is a simple question of supply and demand. the demand for a drug has generally increased since the pandemic and mexicans. cartels are well positioned to move that product from columbia, which is one of the largest suppliers of cocaine. unfortunately, am to the most in demand markets. now i think that we need to make a clear distinction here. although the mexican portals are very important in terms of setting the price and being the main primary buyer for this product on the ground in columbia, their role remains extremely limited. and i would say in many cases, really only

a commercial relationship rather than any sort of innate relationship with the dynamics of armed groups and quote, and conflict within columbia. at same time, it sounds like a drug growers coco groves in columbia are planting less acreage. and yet they're reaping higher yields and they're being paid in some cases with weapons. what does this mean for overall stability in these regions? is a very challenging dynamic. and there have been advances in the efficiency of the production of coca in recent years, which means that you can a produce more cocaine per hector of coke outgrown it. but really, again, and i think the price issue has been one of the primary reasons that the production retail significantly and their pricing paid here has risen in recent months. and over the past several years. and that really incentivizes in armed and criminal groups. it to go into these communities that have traditionally grown coca and including into new areas that we've seen expanding to coca

a since the signing of the 2016 piece agreement here. and really in some cases, coerce farmers to grow this product. and we have to also be clear that what farmers themselves are earning from a growing cobra is really a subsistence living. so the benefit sort of the gains of this product are all higher up the food chain in terms of the armed incremental groups that gives them a new miss power in the countryside and they exercise, did it ruthlessly in terms of controlling territory and populations. and it shows no sign of stopping in the coming months, unfortunately. but the government of colombia, meanwhile targeting coca farmers in many cases by recruiting the crops, is this the right way to go about is that fair on farmers? and if not, what should be done to put it in the supply of cocaine? what the current approach does is essentially puts the entire cost of what's happening here on poor farmers who are, in many cases, violently obliged to cultivate coca. so i think is absolutely the wrong approach. in fact,

what's needed is to look again higher of the food chain and where the profits really are looking at trafficking it, looking at really tackling in financial profits, broad money that's being moved, for example, into the united states. where it's often quite untouchable and, and instead the current approach, what it does essentially done is alienated the poor and farmers in the countryside who are find themselves between a rock and a hard place there are being forced to cultivate, in many cases they have no alternative lifestyle that would be able to provide them a subsistence income. and at the same time, they're being persecuted both by armed groups and by the government. and it is impossible situation. this does very little additionally to affect the actual production of cocaine. and there's been a significant amount of research about the levels of replanting. so when the eradication happens at the moment, and we've been told by the armed forces here in columbia, that replanting rates can be up to 85 to 90 percent. which is to say that for every hector or every 100 hector's, you eradicate,

you're really only eradicating 10 or 15. an enormous investment in money. it with a very confrontational approach towards the community with very little payoff. all right, so not only unfair, but ineffective in many so many ways. elizabeth dickinson with the international crisis group in bogota. thank you so much. and finally, one of andy warhol iconic. marilyn monroe portraits has just become the most expensive 20th century artwork ever to go under the hammer. oh, it was an auction that lasted less than 4 minutes. the 40 square inch 6 silk stream made by warhol in 1964 was sold for $195000000.00. to an unnamed, bitter, and the work had been sold by a swiss foundation. now says that it will use the proceeds to fun health and education programs for children around the world. all right, that's it for me and the dw business team here in berlin. as always,

you can find out more about these and other business stories online. check us out d, w dot com slash business. we're also on you tube or the dw news channel. you can even find us on facebook. i'm seeing beardsley and berlin as always. thanks for watching . think id say browning keeps as it relieves stress. so attendance and joe and under pressure, excessive strain can not painful consequences. so what can we do? therapy even tip can keep running. worry free. in good shape.

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