to sound remind of our top story at this hour. turkey has blocked talks on finland and sweden joining nato. took his present magic drive on accuses the nordic nation of harboring terrorists. well, well, the use of the top of the our robots will be here in just a moment. with your business days. i'm good. i just got it all say what grade level where natural spectacle improved the world. the return of the spiky yellow

with the survival of the entire ecosystem. one of the many success stories from a bastion of biodiversity. holy stars meet one years on d, w. ah, the u. s. is its allies to slap tariffs on russian oil. the moscow claims such a move would be self destructive, will look closer at the american plans and rushes. currency appears to bounce back from its post invasion slung, but is the recovery. all that it appears to be i says database nissan robots in berlin. welcome to the program. we begin in moscow where the kremlin is wanting the

u. s. that's a proposed tariff on russian oil would mean higher prices for bias. a government spokesman said it would force important to seek alternative suppliers as well. it follows comments from us treasury ship secretary, janet jaelyn. he said tariffs would be combined with a phased embargo on russian oil. the proposals are set to go before g 7, finance leaders this week. now for more on that, let's tend to our financial correspondent state side on wall street for as is teddy aust, joe teddy is janet jaelyn and the united states actually gonna be able to persuade g 7 member states to stop importing russian oil. well, rob, it actually may not be a question of persuasion. europe wants to rid itself of russian oil. the question is, how is it going to do that? european nations are many european nations are greatly dependent on that russian oil. so when the us treasury secretary agenda ellen comes in and proposes tariffs,

well many don't find that very helpful. we even see grumblings among some diplomats that it's just complicating an incredibly complicated process. and this seems like it's exposing some economic fault lines. and what was supposed to be a united front against russia in its invasion of ukraine. it's clearly a lot easier for the us to stop in voting russian all than, than your because input so much less of impact already stopped importing that russian. all how's that? how's that working out? well, let's take, let's take a birds eye view, europe, 30 percent of its imports of oil come from russia. the united states that figure is 3 percent. so it's much easier for us, for the us to make up that deficit. what does that mean? the u. s. is not susceptible to rising lube oil prices? no, of course not. this is an issue of global supply and demand, and we and consumers in the u. s. are seeing it at the pump. gasoline prices have

reached $4.00 a gallon 6 dollars a gallon in california. i don't know about you raw, but here as an american in the united states, that is just ridiculous figure that i have personally never seen before. and data prices here in europe, all rising in a way that people haven't seen for very long time. teddy, australia, new york, for us. thanks and sanctions already in place against russia are starting to bite and hard. moscow is warning that inflation, but it 23 percent this year and the economy is expected to sink into recession as well. for ordinary russians, the international assault on that countries finances has become plain to see. the clearest sign of american and european sanctions against russia can be found in the shopping centers where the store fronts of many western companies are closed. the popular u. s. fast food chain. mcdonalds is completely pulling out of russia after nearly

30 years in the country. others such as pepsi, starbucks and ikea, have also shut down their operations with no plans to return in the foreseeable future. meanwhile, prices especially for food have risen enormously. but the ruble exchange rate has staged a surprising recovery. at the start of the war, the value of the ruble plummeted dramatically. but intervention by russia central bank allowed the exchange rate to stabilize again, making the ruble now stronger than at any point in the past 5 years. the central bank was initially unable to cushion the fall in the exchange rate. its foreign currency reserve stored abroad were blocked, but the state quickly forced russian companies to exchange 80 percent of their foreign exchange earnings into roubles, helping to stabilize the exchange rate. besides the export of oil and gas continues to bring hundreds of millions in foreign currency daily to moscow. other sanctions are taking effects. the damage has fallen short of the total economic collapse that

some have predicted for russia. i asked vasily asked off from the vienna institute for international economic studies. why that was the collapse takes time. the thing is that the full impact of western sanctions has not been helped yet. normally you would expect the immediate impact from financial sanctions, but these are precisely the sanctions for which russia was reasonably well prepared . russia is much less well prepared for trade sanctions, which are more of a long term nature. and the full impact of those trade sanctions is yet to come. i expect in the course of this year, the 3rd quarter, 4th quarter of this year. this is the time. well, the full impact of trade sanctions will be fully felt. and what is that impact actually going to look like and how's it going to feel for russians experiencing that impact? i expect for 1st of all big drop in industrial production. the thing is that

the important bar goes experts in bio goes a lot of them and they will contribute to a collapse of value chains, collapse of production of many goods. we have, we already see the impact and the calm interest industry, for instance, of the kind of running of parts of the components. and the cost reduction has already declined by 70 percent in russia. and there will be a similar effect in many other industries. there are many russian industries crucial dependent on them in parts of west on inputs and equipment. busy so once this western equipment doesn't come, it will be much more difficult for the rational economy to operate. it will take time, maybe a few. yes, i'm still alternative suppliers. i found out until ration managers to produce

many of these goals itself or with all parts and components. but in the meantime, the russian government can point to certain signs that suggest, you know, the sanctions on having that big an impact. and you can look at the value of the ruble, which is actually higher than it was before the invasion, if you crane. and also russia continues to be able to, to services foreign debts. how much can we rely on those as signifiers of the impact of the sanction? so well, there are 2 reasons for this trend for rational. why is that? why raging capital controls which have been imposed by the rational central bank? this has been the very competent response, and of course these measures these drastic measures. they have been helpful in keeping foreign exchange with in russia. so this is one factor which has supported the value of the rational and another factor, which is also very important that the collapse in parts. so i've already mentioned

this trade sanctions. they have already let collapse in parts so that our data, for instance, are statistics mirror statistics, which suggest that for instance, in park from germany, a decline by 60 percent inputs from the united states declined by even more than 60 percent. so that means that actually there is much less money, much less foreign currency needed to buy imports. and that is also the reason why the demand for foreign currency is not very strong, at least from this point of view. and this is also a factor which is supporting the value of the russian robot. ok, so it will remain the same really what impacts the sanctions are going to have, but the russians can expect things. so to get worse gone. they've actually astro from the vienna institute for international economic studies. thank you so much for joining us. you're welcome. next for e,

you nations have announced plans to boast north sea wind energy 4 times by 2030, and 10 fold by 2050. it's all part of efforts to me. the european union goes on carbon emissions reduction and energy independence. the leaders of germany, denmark, the netherlands, and belgium announced the plans in a joint meeting on wednesday. it comes as the european commission presented plans to spend 210000000000 euros to help develop renewable energy projects. me or the you doesn't want a sudden stop to russian gas deliveries, but it does want to phase them out as soon as possible. that means finding alternatives by a gas is looking like a likely candidate, but e u countries are taking different approaches to upping their production and getting very different results. the worry over high fuel prices is laughable to horses. i that he produces bio methane, a kind of renewable natural gas for $23.00 petrol stations in northern germany at

his bio gas plant. he's invested in this plant to turn corn and manure into energy . he's also looking to use organic industrial waste. you as a, we buy a gas plant operators want to use new materials and to do so, we need permits. that takes 3 years. it's unacceptable. if we streamline the process, we'd have 80 tara water was generated from waste, with current capacity that would replace 40 percent of the russian gas we currently use and from watson gaz. but bio gas plant operators must adhere to strict regulations. they're not allowed to use any organic waste from restaurants. supermarkets, coffee rosters or grain mills and environmental activists criticize them for taking up too much land to harvest energy crops for bio gas on the lights. yes, we already dedicate too much surface area to energy crops and to keep expanding it . that's already 6 percent of germany's national territory. it makes absolutely no

sense. does not matter which will help comes in, in neighboring denmark. it's deep pocketed energy companies who operate bio gas plants, bio methane, is pumped directly into a nation wide pipeline network, thereby replacing natural gas imports. farmers sell their organic waste, such as flurry and manure to bio gas producers and earned money doing so. in contrast with germany, the centralized bio gas plants produced by o me thing more economically. dozens of types of organic industrial waste are used and far fewer energy crop, such as corn. as we add the potential of making full times as much as we do to day to day, my address is 25 percent of the danger guess consumption. so make the photos voids 100 percent. so we can do supporter all need for gas and and more there's just too much red tape. according to german bio gas producers saying it holds them back from

making a contribution towards germany's independence from russia, gas. us all from an a business team here in berlin, if anyone, mo, from israeli, can always head over to our website to see, to be dot com slash business. and you can also check out the demand news. youtube channel were also on facebook as well. d, w dot business, all kinds of ways to get in touch with us until next time. tech. nice fashion as an environmental mm. a clothing, graveyard, chalet and desert. this is where things were being industrial nations no longer need style waste. get stranded about the fun in the global fashion industry. global 3000 on dw caught red

handed, massive ships, don't poisonous waste water into the world ocean accused. and n g o is investigating 1500 cases in the u. waters alone. but were there consequences, deceitful cover of tactics ensure huge profits for those responsible made in germany. in 60 minutes, d, w. ah, hello guys, this is the 77 percent. the platform for africa. you beat issues and share ideas. you know, or this channel. we are not afraid to happen delicate topic because population is

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