rather, there's an added challenge, explain what it is. hello, walk into the show. i'm seeing peers 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 likely, 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 with us now want allies for tariffs on russian imports over the coming months before that ban interest effect. or i did of your poor ashtosh a 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 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 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 have said that would be needed by ukraine. so 3 months of, 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 the you have already indicated that they're ready to have 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 was 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 marshal 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 are picking this as around 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 packets 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 good. they actually sees the billions of assets that they've seen. 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 that 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 tear of 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, 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. or the hell the united nations is hopeful that he can get grains stored for export in ukraine, released 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 or food experts or warring the rushes war and ukraine has for a critical pinch in global food supplies. we're 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 with

soaring inflation and rising prices. and the hot weather is already hurting farmers . it will because of the heat wave, a crops are suffering due to the sudden rise in temperature, where the water table, how strong the great heat has decimated a crop yield by ha, i'd hid egg. 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 to importers. on monday, wheat prices, so to a record high following the indian government's 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 award we are singing many birds of, of the world as we speak. and while neighboring countries like bangladesh and sri lanka 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, the whole jury is, are corresponded in delhi ne hall, could you take us behind this? you turned in he was supposed to make it stay view 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. so there was a lot of confidence around that, and the projections were the visio,

it would be even larger exports. and so, and i was 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 has been supplying for years and will continue to honor that because these are contracts had already been signed and 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 weak crisis. and it 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 hector's. that's according to official figures. we prices of jobs 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. they will pretend macquarie's earnings will spain's long been a popular tourist destination destination rather for russians, or the most popular regions as the cause of their other. 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 didn't. saloon was once a magnet for tourists from russia. until 2019. they constituted the 3rd biggest group on spain's costa dorada. calling upon them year in 2020. the russian market had already collapse due to the pandemic. but the main reason is because the rush on faxing sputnik wasn't approved by the you. that's why there's practically no mobility between russia and spain it brought on board. and his bang, 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 markley berra. who says that russian tourist used to spend a lot of money in saint lou nora, but we have practically no russian customers any more illegally. and it's re noticeable. we have lots of brits and french people, but there are no russians hearing him on that. but also i would like to come and then i russians used to book about a 1000000 nights and hotels in sullen each year, especially in the luxury sector. is that good? i'm better the that it's a heavy loss. but on this and of course we're worried 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. every census had a cardinal is defi, like oprah sallow, 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 under the dw news channel . got lots of good stuff there. i'm see there's implant. thanks for watching. ah, with

blue g escaped, but then she went back again and taking me hi lo 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 30 minutes on d. w. ah, with secrets lie behind these was discovered new adventures in 360 degrees and explore fascinating world heritage sites. d w world heritage 360 get the app now one of mankind's oldest

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ah, ah, this is deed of you news live from berlin, more ukrainian fighters leave the as all stall, steel planted mariel. paul, under russian guard. boscoe says more than 1700 soldiers have surrendered. there has been no independent confirmation of where they have been taken. keith has yet to comment on how many fighters may still be inside. also coming up an urgent plea from the united nations to moscow. antonio terrace tells russia to allow the safe and secure export of grain from ukraine to prevent.