said the rather, there is an added challenge. explain what it is. full and walk into 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 $15000000000.00 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 u. s. now, want allies for tariffs and russian imports over the coming months before that ban enters affect or i, d, w, or 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 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 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 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 the will 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 as 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 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 are begging this as on one trillion to 2 trillion dollars and that would likely 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 is something that we saw after

the court on a pandemic. and then the other way is, could be actually sees the billions of acids that they've see, they're frozen 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 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 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 health. 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 food experts are warring, the rushes war and ukraine has put 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,

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, 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, amid 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 we'd 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 are sing and many birds of off the world as we speak. and while neighboring country is like bangladesh and sri lanka can continue to count on 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 see it take us behind this, you turned in he was supposed to make its debut as a major, we'd exporter. what happened? while in there have been 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 year. 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, 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 30 percent less than what they expected by this time. so under this ban, where does all that we go now? does a stay in the domestic market? it does some of it as a goes as well to neighboring countries like bangladesh and tree lanka, which in your husband's 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 our most of the production is going there. apart from that, in the 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. nailed. 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 a pre panoramic 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, but a popular tourist destination destination rather for russians or the most popular

regions is the cause of their other. on a 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. here in 2020, the russian market had already collapsed to, to the pandemic. the main reason is because the rush on the faxing sputnik wasn't approved by the you. that's why there's practically no mobility between russia and spain got on board and espana. 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, mark ribera, who says that russian tourists 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 in office, but also i would like to come and then i russians used to book about a 1000000 nights in hotels in saloon each year, especially in the luxury sector. is that gram better the though it's a heavy loss but on and of course we're worried both about the amount spent as well as the number of tourists valuable that we're aware that the situation won't be changing any time soon. literally census eric, i know is defi, local, but hello 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 dw news channel . got lots of good stuff there. i'm seeing there's implant, thanks for watching. ah, with ah, this is the end of the pandemic in site.

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this is d. w. news live from berlin. more ukrainian fighters leave the as of style steel plant and mariel. 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. keep has yet to comment on how many fighters may still be there. also on the program, the american president offers his full throated support for finland and sweden's nato bits. they meet every night or requirement and then so.