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tv   Business - News  Deutsche Welle  June 9, 2022 4:45pm-5:01pm CEST

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on russia's war makes prices skyrocket. there too. will india stay neutral towards moscow? i mean, its own economic pain. and the global energy supply crunch has the republic of congo saying it can step in to help. this is the adobe of business. i'm janelle de malott on welcome. ukrainian president vladimir lansky has warned that blockaded ukraine grain stalks could triple by autumn, leading to starvation for millions across the globe. he estimates that number could grow up to 75000000 tons from the current 20 to 25000000 that are blocked. his warning kong after russia said it would allow ukrainian grain exports to leave a by the black sea on wednesday as rude to out for ukraine in grain were being blocked. supply route to russia have also been complicated by western sanctions. here's a look at how that's affecting life inside the country. this warehouse and who
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don't go on the outskirts of moscow as full. but western sanctions are having an impact on this gym equipment distributor. and so russia have been disrupted. everything takes longer and cost more. the company director says that the payment method has also changed for you, and those cases were now using a chinese payment system to pay directly and you on, on of 60. it has a knock on effect because the one system is not as good as swift. coca, what goodness jim, when you muscle and payments can take up to 8 days, is more likely to seemed ne, were suddenly the situation will likely get worse for jims that rely on high quality american exercise equipment. about 15 percent of russia's fitness clubs are reporting problems. getting spare parts, delivered rushes fitness association, president warrens that if things don't change, jim's could lose their customers. by the end of this year, we might just have a chance to do you know what these high quality machines from the us, germany and italy on line october layer. we could never make anything like that.
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not a 10 years segment does possession justine to the cinemas are also empty. hollywood movies are no longer being shown. this chain has already closed down 3 theaters, couldn't use the roster. of course, i'm disappointed because the new marvel film is being released. news learn the progress where we can get around it by watching movies on line, but of course it's not as good from notion of homeowners and fewer shoppers are visiting the malls. but given the sanctions hardly any one wants to get involved politically put in system with its police and harsh laws as to tight grip on the country for that gate. all the corresponding era shadow is following. the story for us here is how much our western sanctions, affecting everyday life for russians. oh, to go through moscow's grocery stores, for example, you would think that there are no sections at all. nothing has changed. i would say that the ve food supply,
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he and regalato is partially poorer than in moscow. but if you look at the prices, especially for imported goods, you can see a clear difference compared to the times before the ball. ah, prices have recent substantially for the hot to the drink. but like, like i said, the supply situation in general has normalized, especially if you compared to march when some of storage awards suddenly empty. this is mainly thanks to this civilization of the rubel, but the sanctions are really halting. russia in all industrious that to depend on supplies from the west, especially all things that rely on migrant ships. also, more than 1000 western companies have left russia and to day that there was more bad news from for moscow. big chinese companies such as how a y, a hallway are pulling out of rush as well, probably out of fear of becoming targets for western sanctions. as well, and you know, you've been covering russia for years and you know, as well that it's been subject to sanction since 2014. how does these sanctions differ from previous ones while the new sanction significant,
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significantly strong and will cost much more damage? i would say at ation experts, for example, i agree that in a few years because of a lack of our parts for best, an aircraft and the plants are, will no longer be able to fly at the same applies to gym and high speed to trains from siemens switched around several times a day between moscow and peters took a lifeline, connecting the 2 cities are in the medical industry. components are already missing as well. if look around trash you, if you can find western machines, western technology and now how everywhere these machines needs to be served. cat 4 and renewed and they can probably around for a few years without maintains but what then then russia might start facing as a threat of production closures and lay offs, which would mean more unemployment and a lower standard of living. so it can only get worse perhaps that can the sanction that force vladimir putin to stop this far i think
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sanctions alone definitely cannot force put into an to the war put in started it for political reasons. he obviously didn't expect this kind of resistance and is now preparing his country and the whole world for a long war. even if the sanctions cause and deterioration and living standards, even if people in russia no longer have the same food in their fridge. russia propaganda machine can spin this in favor of their narrative, buckle up your belt, people times are getting tough, but the rest is to blame. what the sanctions can do is make life an uncomfortable for the elite. i may be so uncomfortable that they might even think about rebelling and if they stand up, it could lead to putins downfall. thank you very much, my colleague, you're a rash shadow there for us. india central bank has height rates for a 2nd time and as many months as aged as a 3rd largest economy rails, from galloping inflation in the wake of the ukraine war. the reserve bank raised
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its key rate by 50 basis points 2 to 4.9 percent a month after kicking off and aggressive monetary tightening cycle. india bounce back strongly from the pandemic with one of the worlds fastest growth rates. but it's now grappling with skyrocketing commodity prices here as the central banks governor shock to contact das with more on the decision. the war in europe is lingering and we are facing newer challenges each bossing deep, which is accentuating the existing supply chain disruptions. as a result, food, energy, and commodity prices remain elevated. countries across the world out facing inflation at decay. dhl, eyes and persistent demand supply imbalances. the wall has lit do globalization of inflation. not surprisingly, central banks are reorienting and recalibrating. their monetary policies are
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correspondent, tara cartoon. chaos joins us now from delhi charo. russia's war is hitting india's economy. india has famously adopted a neutral stands on the war. how are people there receiving india's policy on russia given that it is linked to their own lives getting harder? well, you know, there are mixed reactions. you know, the opinion is divided. there are many who feel that india should have taken a model stand and called out russia for its aggression. but then there are many others will feel that in as doing the right thing by condemning the war, calling for an end to all violence, and yet not jeopardizing india's own dies with russia, you know, in yellow shot days of a lot of context. there's a lot of history and there is a lot of future as well. so there are many who feel that in years doing the right thing. in fact, there are some supporters of the ruling party b j. b, who have become admirers of a russian president vladimir booth and for,
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for reasons of nationalistic pride. janelle, now india, of course, has a double down on, in parts of russian oil. what's that doing for the economy where you don't, even though are inflation numbers are rising and our high prices of most commodities are hurting the average indian consumer. things appear to be cooling down on the fuel front because till about 2 weeks ago or because of the crisis in the international markets. the government was saying that we are, the prices need to go up and oil marketing companies. we're increasing the price of petrol and other products, the patrol based product every day. but that hasn't happened for the last 2 weeks now. so it is believed that the, the russian oil that in companies are buying that appears to have given them a room to allow the prices to cool down. and they're hoping that in sometime from
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now, it will have some impact on the supply chain. and on the prices of other essential goods as well charge card to car in delhi, there for us. now, as the effects of high energy costs spread around the world gas producing countries cents an opportunity among them, the republic of congo, the w, adria increased reports lying off the coast, the republic of congo oil and natural gas reserves for a long time. the natural gas was simply burned off all slat, but now at this power plant, it's used to generate 70 percent of the country's energy needs. the minister in charge of oil and gas hopes to stop the exports of liquified gas in the future. he says, a gas crisis in europe could be an opportunity for his country. he's m a. c gone put down her gas. if big gas produces like rush hour countries in the middle east are in difficulty. what of the alternative?
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katara has already producing at maximum capacity. norway doesn't have a big production margin. japan is too far away, america has its own markets. so maybe the solution could come from africa, show up all one visit as you need on the setup or for mercy. don't particular region 100. i think autocratic presidents, dennis, as soon gift has not yet taken a position on the rushes war and ukraine. the african nation has maintained friendly relations with russia for decades. it was a sister state of the soviet union during the cold war, thousands of congo liza studied in russia in recent years. like a car like you to national to refill entirely upon the lawn player 11. you also see do deliveries shown to be the russian culture and influences increasing. there are many opportunities for students and it's very easy to go to study in russia, you just have to register and then go lips. why students here are learning the
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language any cissy kiefer can walk you to johnson the rest meant to know from the sit long while some focus on the positives. other struggled with the idea of studying in the country at war. live worshippers who began to eat dessert osborne, lodgers, my trip will start very soon and i'm super excited to study architecture there. i will see new things. life is good there and they are more opportunities for trinity . if it's, if martha are on the war currently ongoing, it's not a good time to go there for now. i don't really feel like going, but in the long run, i still want to go situation. one of the cliff is your policy beckett point and worthless center of the nation's oil industry. people clearly hoped to benefit from rising demand and higher prices for fossil fuels. the sick dogs in avi bank i did as an expert in the gas sector, has not been exploited enough. they are reserves. we should exploit them a bit more. and there is a liquefied natural gas project already plant m m, and push it to doesn't want it doesn't give you a keel. oh,
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you put it in nearby. land has already been reserved for the projects, but it will likely take some the years for the republic of congo to export liquefied natural gas to europe. other african countries, such as algeria, denisia, mozambique, and angola already further along in this process, and have much larger reserves. and that's a show for more checkout d, w dot com slash business, and the d. w, and use youtube channel for also on facebook for me and the business team here in berlin. thanks for watching. ah ah ah, with
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ah ah names with where many of his fans are located. that was until he took a stand on the war in ukraine. how taking this position has affected him, focus on europe. in 30 minutes on d, w. o. d w's crime fighters are back with the africa. most successful radio drama series
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continues. friends of all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page and other social media platforms, crime fighters, tune in, no. mm mm. a what people saying matters to uh ah, that's why we listen to their stories. sh reporter. every weekend on d w. a .
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oh this is 11 years live from berlin, not giving up ukrainian troops say they're fighting for every house. every street, despite facing intense rush and shelling in silverado nets, ukraine's leader says the outcome of this battle could determine the face of the entire dom bass.

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