also on the show, india's move to ban, most read 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, but for spain to the coast of the rather there's 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 fens off. rush an attack. a financing arrangement could total 15000000000 euros lightly and loans and grants would help keep continuous central operations, such as paying salaries to public employees. also on the agenda, the g 7th plant oil embargo against russia. the us now want allies, but tariffs and russian imports over the coming months before that ban interest effect or deed of your poor ashtosh as pen day is standing outside that meeting,

which is taking place in the germantown of colonel venter ashatash good. 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 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 called it a marshall 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. experts at peggy, this as on one trillion to 2 trillion dollars and that would largely depend on when the war ends. 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 discussion

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 exploring something that we saw off to the court on a pandemic. and then the other way is, could be actually sees the billions of acids that they have 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 the so you're going to discuss it is going to be in combination with phasing phase

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 to win for that they've been receiving in the form of higher prices. so it's going to be a twin sort of a strategy where the oil prices stay for 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. or the health united nations is hopeful that he can get grains stored for export in ukraine. release the countries in desperate need of them. secretary general antonio gutierrez, warning in a ministerial meeting for the you and that there's still a long way to go. but the discussions are continuing, arkansas food experts are warring, the rushes war and ukraine has put

a critical pinch in global food supplies were not helping. as a recent you turned 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 have suffered due to the sudden rise in temperature, where the water table has struck me. the great heat has decimated a crop yield by high r. today. that is why and 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, week 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 food got more expensive. this is what we're seeing. and many birds of all the world as we speak. and while neighboring country is like bangladesh and sri lanka can continue to count and india for now, the question for their governments and others across the word is how they can feed their populations. if food prices continue to rise, the whole jury is, are corresponded in delhi ne hall, could you take us behind this? you turned in he was supposed to make its debut as a major,

we'd exporter. what happened while india have been on an upward trend when it comes to we'd exports, for instance, last year they were able to export 3 times the amount that they did the last year. 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 that, that didn't quite happen because of india's immense heat wave the seal. so march this year was one of the hottest, 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 to 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 20 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 some of it as a goes as well to neighboring countries like bangladesh and tree lanka, which india husbands applying 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 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 known. to what extent is deli likely to respond to outside pressure about this decision? it seems unlikely. ah, we have to remember that in 2005, india saw a weed crisis and had happened because india miscalculated and exported too much wheat. and then they had to spend the next several years important read from other

countries. and so there's a sensitivity around this issue bought people and governments don't want to make that mistake again. are many of the experts we had spoken to were agricultural policy researchers? are 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 hacked ears. that's according to official figures. we prizes 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 storing fuel prices that will put a dent macquarie's, earnings russians hearing and all that. but also i would like the gum. 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 were worried both about the amount spent, as well as the number of tourists that were that were aware that the situation won't be changing any time soon early. so that had a cardinal as 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 shell. check us out online, d,

w dot com slash business. you can also find us on youtube or the dw news channel. got lots of good stuff there. i'm see there's implant. thanks for watching. ah, with ah. g escaped, but then she went back a game and ticking me high low pooty chef has been rescuing women and children from embattled to mary and is risky. shy. how

a ukrainian entrepreneur became a huge focus on europe in 90 minutes on d. w. where natural spectacle proved world the return of the spiky yellow with louse, will ensure the survival of the entire ecosystem. ah, one of the many success stories from a bastion of biodiversity said, holy starts may 20th on d, w. d, w's crime fighters are back africans, most successful radio drama series continues this season. the stories focus on hate speech, cholera, prevention, and sustainable charcoal production. all episodes are available online, and of course you can share and discuss on d, w, africa's facebook page,

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ah, this is deed of you news live from berlin. more ukrainian fighters leave the as all stall steel plan and mario paul under russian guard. moscow says more than 1700 soldiers have surrendered, but there's been no independent confirmation of where they've been taken. keith has yet to comment on how many fighters may still be there. also coming up german chance there olaf shoak says he will not accept a piece dictated by vladimir putin in a speech to parliament. he also bows to help cut europe's dependents on russian energy.