more stretches to tip tens of millions of people over the edge into food insecurity . and german chance that all of shaw says ukraine's allies will not accept a piece dictated by russian president vladimir putin in a keynote address to parliament, shall. it's also to work quickly towards your p, an energy independence from russia. and that's it from me and the news team g 7, finance ministers are meeting to discuss how they can keep war. tony praying to float. and stephen busy as more on that in business, coming up with one of main kinds. oldest ambitions could be within reach or

what is it really is possible to reverse aging researchers and scientists all over the world for in a race against time. they are peers and rivals with one daring goal to outsmart nature. more life starts may 28th on d, w. ah ah, greens allies want to back fill a growing hole in the countries finances. but what about the longer term costs of rebuilding? we'll look in at the agenda of the g 7 finance ministers meeting happening today.

also on the show, india's move to ban most meat exports is contributing to a difficult global picture for food security. we'll hear from our delhi correspondence about what's behind that decision. and europe is hoping for a banner summer for tourists, for spain to the coast of the router. there is an added challenge. explain what it is full and welcome to the show. i'm super busy in berlin. a finance ministers from the g 7 nations have gathered to discuss how to keep ukraine financially afloat as it fins off. rush an attack, a financing arrangement could total $15000000000.00 euros likely in loans and grants. would help keep, continue a central operation, such as paying salaries to public employees. also on the agenda, the g 7th plant oil embargo against russia, the u. s. now, once allies put tariffs on russian imports over the coming months before that ban, interest effect, or deed of your port ashtosh is pending is standing outside that meeting,

which is taking place in the germantown of colonel venter ashatash. good to have you. is there any doubt that that g 7 countries are going to cover this whole in ukraine's budget stephen? yet it looks likely that these are ministers, were meeting behind me in this hotel would be able to stick together some sort of a financial plan to help you create and see. there is a growing understanding among the ministers who have assembled here that you really need help and everything must be done to prevent it from going under. and that's the reason why we are hopeful that there is going to be some sort of a package that would be announced. and you mentioned the $15000000000.00 amount that is for 3 months. and that is the amount that's needed. that's the amount that i have and the other organizations are set that would be needed by ukraine. so 3 months or of funds for 3 months would be given. you know that ukraine is bleeding cash and it needs money to actually take care of his daily needs. pay salaries,

et cetera. and that's something that you as and you have already indicated that they are ready to help in the form of grant and loan, but now they would be expecting the others, like japan and canada to check in as well. i should talk to the same time, there's the longer term challenge of rebuilding for this country at the end of a war with which we don't know when it's going to and what kind of challenges are going to be financially for these countries. well that's, that's going to be a big talking point during the discussions here with the next 2 days of u. s. and germany have call it a martial plan for ukraine on lines of the massive help that europe go to the bill itself after the world war 2, from the u. s. a exports begging this at around one trillion to 2 trillion dollars and that would largely depend on when the war and that's going to be a big question. and the other debating point is how are they going to raise this much money?

this massive amount of finished pack is that would be needed. among the discussions among the topics that have come up is are among the ways that they're thinking is bar probably joint bonds, joint you bonds. that's one way that you. busy exploring something that we saw off to the court on a pandemic. and then the other way is good. they actually sees the billions of assets that they've see. they froze in from russia, of russia. and that's one of the key, talking points of this meeting. legally. it's problematic for now, they will have to find a way as to how they can seize that amount and make sure that russia pays for the rebuilding of ukraine. i should just briefly have to ask you the u. s. is also arriving with this proposal to put a tariff on russian oil imports. how's it likely to be received by european allies this only going to discuss it is going to be in combination with phase is phased in

bog or russian. or the idea is to hurt the russian oil sector. the hood, the revenues at the same time, ensure that there is enough oil in the market. the russian oil continues to flow in the market, but do not get the same kind of amount in the that they've been actually getting at this point in time. the wind for that they've been receiving in the form of high oil prices. so it's going to be a twin sort of a strategy where the oil prices stay, it don't go high enough at the same time the revenues suffer. all right, so difficult to walk. there. started monday, did business in clinics, mentor germany, thank you for the head of the united nations is hopeful that he can get grains stored for export. and ukraine released the countries in desperate need of them. secretary general antonio, good terrorist wanting in a ministerial meeting for the you and that there is still a long way to go. but the discussions are continuing on

a food experts or warning rushes war and ukraine has put a critical pinch in global food supplies. we're not helping is a recent you turn by india, which had promised to export more wheat. it's the start of the summer, and india is experiencing heat waves this year. record temperatures come on, it's soaring, inflation and rising prices. and the hot weather is already hurting farmers. it will because of the heat wave, a crops are suffered due to the sudden rise in temperature, where the water table, how strong the great heat has decimated a crop yield by ha odd heat egg. that is why a new delhi has banned wheat exports. it wants to put india's own food security 1st, made frequent supply chain disruptions and rising food prices. but the government has stopped short of an outright ban india plans to on a shipment agreements into before the ban. and they will continue to export to food deficit countries,

including egypt and bangladesh. but that doesn't supply much relief for major v importers. on monday, wheat prices, so to a record high following the indian governments announcement now put yourself in a position where in a low income country or lower lower middle income country, where you were, let's say, spending 50 percent of your income or more on food. and certainly your got your, your food got more expensive. this is what we're seeing in many parts of, of the world as we speak. and while neighboring countries like bangladesh and still anchor can continue to count and india for now. the question for their governments and others across the world is how they can feed their populations. if food prices continue to rise, they haul jury is our corresponded in delhi. ne hall, could you take us behind this? you turn in? he was supposed to make it step you as a major,

we'd exporter. what happened while india has been on an upward trend when it comes to weed exports, for instance, last year they were able to export 3 times the amount that they did the last deal. so there was a lot of confidence around that, and the projections were the visio, it would be even larger exports. and so endeavors looking to expand its market. but then that didn't quite happen because of india's immense heat wave the seal. so march this year was one of the hottest and, and this was a sudden spike in temperature, not a gradual increase or destroyed a lot of crops across india, especially in states which are major wheat producers. and so some of the farmers we've spoken to have lost half of their yield. and what's also happened as a result of that is that farmers are selling their wheat. do private traders have been able to offer a better price than the government. and so at the beginning of may, the government realized that they had 30 percent less than what they expected by this time. so under this ban, where does all that we go now?

does it stay in the domestic market? it does are some of it as a goes as well to neighboring countries like bangladesh and tree lung car, which india has been supplying for years and will continue to honor that because these are contracts had already been signed domestically are we does the staple food? so most households you eat it and cook it every day and our most of the production is going there. apart from that, india also has famine reserves, which it keeps for disasters. and a lot of these famine reserves had run dry because grains were used and distributed during as covered relief packages. and so that is a deficit that india needs to refill as well. no. to what extent is daily likely to respond to outside pressure about this decision? it seems unlikely. and we have to remember that in 2005 india saw a week crisis. and it happened because india miscalculated and exported too much wheat. and then they had to spend the next several years important greet from other

countries. and so there's a sensitivity around this issue. both people and governments don't want to make that mistake again. many of the experts we've spoken to were agricultural policy researchers. they actually agree with the band because they say it is important to protect india's internal from security. and there is a growing sense that that there is no need for india to look a good on the global front when it might come back to bite them. the next deal or a new whole jury in delhi. thank you very much. let's go now to some of the other global business stories making headlines. and speaking of wheat, german farmers are growing more of the grain this year. they've increased their acreage by nearly 3 quarters to 53000 hector's. that's according to official figures. we prices of jumped were tighter supplies from the war budget airline. easyjet says it hopes to carry almost as many passengers this summer as in pre pandemic times. following strong ticket sales, which buck

a week economic environment. but a profit is unlikely due to soaring fuel prices. there will put a dent in the carriers. earnings will spain's long been a popular tourist destination destination rather for russians, or the most popular regions is the course of the rather on the spanish mediterranean. they are russians made up about 20 percent of all tourists at one time. now that appears to be history. the pandemic had already pushed down the number of russian tourists. the war in ukraine now threatens to finish the job. russian groceries. russian license plates. russian restaurants, obvious signs that someone was once a magnet for tourist, from russia. until 2019, they constituted the 3rd biggest group on spain's costa dorada, calling up on them here in 2020, the russian market had already collapsed to, to the pandemic. the main reason is because the lush on the faxing sputnik wasn't

approved by the you. that's why there's practically no mobility between russia and spain on both. and as by now, the war in ukraine has dashed all remaining hope for a return of russian visitors any time soon. a huge blow to retail businesses here as russian vacationers are known to be especially happy to shop bad news for store owner market data. who says that russian tourists used to spend a lot of money. and so lou nora but we have practically no russian customers any more illegally and it's really noticeable. we have lots of brits and french people, but there are no russians here anymore. esperanza would like to come and then i russians used to book about a 1000000 nights in hotels in sullen each year, especially in the luxury sector. is that good? i'm better the that it's a heavy loss, but i was and of course we're worried both about the amount spent as well as the

number of tourists. and we're aware that the situation won't be changing any time soon early. so that, that a cardinal is defi, local para solo, is adjusting its strategy. and now looking to attract holiday makers from other places. poland, the baltic, countries and ireland are being targeted. for now, only the russians who live in salute permanently are staying true to their coastal paradise. and that's our show. check us out online d, w dot com slash business. you can also find us on youtube under the d. w. news channel got lots of good stuff there. i'm seeing here. zebulon, thanks for watching. nico india ah. how to rescue food and solve india's huge wasted problem. stored up in new delhi has the solution. it

turns tossed out food into animal feed from the city. the project is finding consensus and not just among the counter pico india next on d w. we've got some hot tips for your bucket list. romantic corners check hot spot for food and some great cultural memorials to boot d w. travel off we go with from the gardens of interim to mister port jameel to the fields of modern day industrial farms.