to play an outsider role in moving desperately needed grain out of ukraine. if it can clear off its cluttered rails. and we'll visit the german court of hamburg to get a better picture of those supply chain problems you're hearing so much about these days. little rocking for the show. i'm seen beardsley in berlin. it's good to have you with us. can leaders of the g 7 economies further tighten the screws against russia as it continues its war against ukraine? one possibility under discussion as the group meets this week in germany, a price cap for russian oil, in which major economies act together as a kind of buyers cartel to fix prices. it's a measure that would work best if other major economies participate such as india. but delhi has had other ideas when it comes to russian oil. the e u is trying to wean itself off russian oil as part of its sanctions against the kremlin. but other countries are happy to fill the void with to man for russian oil falling. india was able to obtain

a huge discount. it has increased its oil imports from russia substantially since the invasion of ukraine. india currently import $600000.00 barrels of oil from russia each day, according to kepler analytics. that's up from $90000.00 barrels a year ago. the share of russian oil at india's imports has surged to 25 percent in india, rush and crude oil is refined into gasoline and diesel and then sold abroad. this makes india one of the biggest beneficiaries of the sanctions against russia. or i did have you political correspondent, julia sal deli, joins me now from garment, pardon cushion. that's the sight of those juice of meetings. hi there, julia. india is present in some of these, these discussions that are beginning today. how important is it's role in the role of other emerging economies in the g 7 plans or the g 7

has traditionally been criticized for not really being inclusive with emerging economies like india, for example. and in this years g 7, german chancellor, all of shots really wanted to put the focus on some of these countries and invited them here to to be guests and hold talks together. now the topics that are going to be covered, for example, energy, climate and health are all issues that the g 7 leaders are aware that can't really be tackled by the g 7 leaders alone. there has to be cooperation with these big emerging economies around the world. to really be able to achieve results world wide. and the fact that these countries have also been invited to the g 7 comes to show that the leading economies in democracies in the world are aware of the importance and increasing importance that countries like india or south africa, or even senegal are gaining in the world economy, these g 7 meetings follow

a series of meetings between emerging economies and russia, brazil, india, china, south africa, among them. is there since that both sides, in this case, that is russia and the nations that are trying to stop its war and ukraine or that they're trying to woo these emerging economies? or is that too simple? no, that is the impression that emerges from, from these opposing meetings almost because we see on one side, russia trying to keep the bricks, countries on its side and trying to offer a support to them, but also to receive their support on the other side. and then the g 7 trying to also keep up countries like india or brazil on its side also because if we look at india buying so much, russian oil after the war in ukraine started. these countries have the potential to help russia out of the sanctions. and to keep the russian economy afloat and substituting almost the kind of economic relations there. a rush apprentice

previously had with g 7 countries and especially also european countries. so it is in the interest of the g 7 to keep these countries on their side. and, but they also will have taken a look at a developing countries yesterday. the g 7 countries announced that they are pledging $600000000000.00 in investment projects in developing countries. in an effort to challenge china's belton road initiative, the huge investment projects that are china is also carrying out in developing countries to try to keep these countries out of the risk of falling into a debt trap with china and china asserting too much political and economic influence there. okay, so it's in the interest of g 7 economies a to bring these emerging colonies in particular in to the fold when it comes to applying pressure on russia. what kind of leverage do they have? on the one hand, already the fact that they are offering

a seed at the table is important. it is important for these emerging economies to be taken seriously and to have a voice in important decisions that will go an impact of their population too. but the g 7 countries also have to convince emerging economies that their values and their plan for the future are in their interest to when they, when we look, for example, at the fight a to the fight against climate change. democracies in the g 7 have to convince the emergent, emerging economy that their plan to invest more in renewables and try to slowly abandon fossil fuels is something that is worth pursuing. and also they have to, in their mind, try to keep, ah, these countries further away from the orbits of russia, but also of china, which they see now, not only as a competitor, but as a challenger. and truly we have to ask you about inflation. it's a major issue across g 7 economies. what kind of specter is that playing in these

discussions? well, leaders including german chancellor, all of shells have said yesterday that inflation and a looming economic crisis are of great concern. now the issue is that they have to try to strike a balance, for example, between a punishing russia for its attack against ukraine, but also not punishing their own economies with the sanctions that they apply to rush. and it is a difficult balance to strike. now the cap on oil prices could be a win win situation where they find the solution that a damages russian, it rushes economy, but also try to reduce the bird and the price burden on the people in g 7 countries. but there is definitely concerned that especially next winter could be a difficult one with increasingly expensive energy prices that are likely to hit all right. d w's, julia saw dylan, gar, ms. pardon fusion? walking us through the street from scotia. thank you. while another focus of the g

7 is getting rain and other commodities out of ukraine and into the countries where it's critically needed, including africa and the middle east. neighboring romania says it has a role to play, but there is a catch it's infrastructure. in particular, it's rails. is it up to snuff and it's going to cost a chunk of money to get it there. take a look. demarus this is going to our years. it can finally be loaded with green and the romanian port of constantia cargo ships have been backing up more than usual here since the ukrainian ford of odessa was blocked, the managing director of europe's fastest grain terminal says everything has to go faster. as you can see, you guys after the war started on the way on this to the doctor. it would be definitely a needs we versus some for me and you are all together. so the, the project would be ready by the end of this month. all the terminals could work

faster, but he says, 200000000 euros is required. above all the project need support from the e. u and the romanian government, but passed mismanagement and corruption have left their mark. for years, the state railway has been storing its scrap on the access road to the port. only 4 out of 80 lines are in use. andre tells us that tracts are now slowly being cleared for grain shipments from romania and ukraine. the quality issue, everything is political. we want to show we can manage it. we're helping someone. but if there were no war, they wouldn't clear the track with over one romania transport minister says it's a test for his country here. he doesn't want to wait for you money. we must act quickly. so we find the money on the nation budget. this invest one for the,

the spectrum of the war because we never invest in those lines. for 30 years on the ukrainian border, old rail connections were overgrown and falling apart. but in 2 months the should be back in use. trucks alone can handle all the green shipments. but romania can now play a key role in helping ukraine export grain. a supply chain problems are bogging down businesses and economies around the world and not just because of the war in ukraine, also because of the whiplash of nations pandemic recoveries. and take a look at hamburg. one of europe's most important ports, containers there are piling up and that's creating waves downstream. the sophia express is making another stop in hamburg. the 330 meter long happen, lloyd ship arrived a few days late because there was no more space in the port. there are far too many

containers here. the absolutely full storage space causes ripple effects. that's not the use the. this is buffer storage for overflow volume, but if you wanted the 2nd one from the bottom, we'd really have to think about how to dig it out for you host border and loosen on the answer called the container terminal in hamburg is highly automated. but for some time, he has not been able to exploit this advantage. after the pandemic, it now faces economic uncertainty. this, the input booklet containers are usually picked up after 4 or 5 days before, but now they're here an extra 2 or 3 days hug. and we just don't have the space hum vian. this did plats shipping companies are also feeling the consequences. happy lloyd has been closely monitoring it's 250 ships. 3 of them are in the north sea waiting to dock in hamburg. dust the door did so that means our time tables which are already under a lot of stress are being delayed even more for so the ships would normally be

returning to asia, but can't go here. customers are waiting longer for their shipments than they would like linger. it's all in all, it's not a good situation, so kinda soon as it holds him. happy lloyd is now trying to bring the export containers to the port at short notice. and while importers are being rewarded, when they pick up the containers faster, there's little effect was on the list. you haven't seen a real turn around yet. i expect it will continue this way in the coming weeks, probably all the way through summer dollars, honey to turns on motivational. ports across europe are now trying to increase space by demanding penalties. but at the same time, hamburg operator hopes businesses and shipping companies will take action. it will, might seal the flow of information, needs to be much better. so we know what has to be done with these containers in advance and in interior regions, regardless of the country space has to be created a production sites to have a buffer of one or 2 days soon,

buff on couldn't. but solutions like these take time, and that's something ports don't have as traffic piles up. in his reminder of our top business story, leaders of the g 7 economies meeting in germany are discussing further sanctions against russia, including a price cap for russian oil. major economies would act together as a kind of buyers cartel to fixed prices. as are shown, check us out of line d, w dot com slash business in beardsley next to watch. with

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