tune my colleague ben's israel and will be back with the business news as they look at russia failing to pay its debts. of course, you get the latest of all the news around the world at our website, d, w dot com. follow us on twitter and instagram for the latest assay w. news. williams woodcraft. thanks for watching. ah . with people and trucks injured when trying to flee the city center. more and more refugees are being turned away. the water families please. all that. the reason

for these credit on with people fleeing extreme ground ross getting 200 people from the juicy around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines ah, ah, financial lim, both the united states says russia has defaulted on its international bonds for the 1st time in a century. bhaskar denies that arguing sanctions are blocking the money from getting through to bondholders to frack or not to frank. argentinians say it's

causing damaging earthquakes that they government sees a lucrative business opportunity as russian gas loses. it's a look. and maritime traffic jams continue to clog up global trade, taking a toll on businesses and consumers. we take you to germany biggest port hamburg, and bid for so let's, let's do business. has russia joined the reveled all reviled club of debt. default is the last time this happened was when the russian empire collapsed and the soviet union was created. bolshevik revolution leader of latter be lennon refused to recognize the debts of the deposed saw. that was 1918. fast forward to june 2022 and russia is flush with cash economies showing no sign of sinking. yet despite an expensive war and sanctions, but 2 payments haven't made it through to overseas creditors, the kremlin accuses the waste of unofficially driving it into default by

sanctioning banks. one sovereign debt lawyer in new york says those sanctions were fully in russia's control. all that had to do was not invade ukraine. some experts dismiss the event as a technical default. other bank has say, this will impact russia's ratings, market access, and financing costs for years to come. a financial corresponded. teddy astra is following the story for us from wall street. so has russia defaulted or not? while this really is kind of a political and horror. but as far as i understand is it's up to the u. s. a. steve, for now, for the effects of the default, quite interesting actually doesn't appear to be many effect priest it's dependency on foreign financing and certainly not 4th warn you. current

brought your tries to re integrate into the global financial system after the ukraine war. then we'll probably run into some difficulties now as her other members or other measures, we can look to the g 7 right now, which has app on oil, on russian oil and gas imports. and that actually might strike at the heart of russia's funding of the war in ukraine. and of course, that comes with a high price tag for europe, which heavily depends on that oil and gas. we're looking at oil looking at a high oil prices. we're looking at high food prices and we're looking at a looming recession. so debt is one small piece of this larger puzzle. a big puzzle . it is teddy. thank you very much for the analysis now to some of the other is the stories making use. switzerland's highest criminal court is find credit suisse more than $2000000.00 euros over a money laundering case. it found

a cocaine trafficking, gang from bulgaria, had used the lender to conceal the origins of its illegal income. prosecutors see this as a test case for taking a tough a line against swiss banks, and se chrissy inflation is putting pressure on germany's pick population. it's fallen 10 percent since last year to about $22000000.00 animals at the lowest since 1990. 5 is blamed, the rising cost of feed and energy. it could mean pricey. a german sausages and ecuadorian president jamar la so says he'll lower the price of fuel. it's a victory for thousands of protesters who took to the streets in the past few weeks . demonstrations brought many parts of the country to a standstill, costing the weak economy around $50000000.00 a day to meet global gas demand. argentina has increased fracking in the 2nd largest deposit of shale gas in the world. the residence of a nearby village say it's causing earthquakes and serious damage to their hopes.

until recently the 150 families of the village of so sal denito, nigel tina had been living in peace and quiet. but that'll came to an end when the year began, a resident shows us his house cracks, started to form in the walls. glenn, one morning farm of his empties and on the part of discovered this one, several meters long modal global committee experts should have been here long ago to determine whether this house needs to be demolished or if as another solution like for this war which was split by the strong tremors dumb, but do, you know, city of yuma ruler couldn't glue. little more, you mean them? the cracks are due to earthquakes, which have recently been occurring more and more frequently. the locals claim the shakes caused by shale gas extraction a short distance away. it's the 2nd largest deposit in the world. fucking was stepped up following the invasion of ukraine to cover the west's increased demand

for natural gas argentina's precedent. alberto fernandez hopes the huge gas field called vaccum water or dead cow, can be a way out of the severe economic crisis that plague the country for years. really, molly, it's been great and delivered to bludgeon tina's problem is the lack of infrastructure to transport, natural gas, but also crude oil. all of the, above all, there are no pipelines to bring the gas from the vaccum. wet field to river poland still indulge in tina did not invest in the necessary infrastructure in time life. and now can hardly step in to replace gas and oil produced in russia. a ladder own up out of the middle good video to proceed. in rogia fernandez said during a recent visit to germany that europe should help with the construction of pipelines and liquid gas terminals. experts believe that countries such as argentina and brazil should become a focus of europe's energy supply because of the war and ukraine. because the

provincial government hasn't helped him so far. residents of cells out the neat was documenting the damage themselves. submitting evidence to national authorities in hopes the government will finally support them in quite yet a moment at any moment that could be an even bigger earthquake than a house will just collapse in on itself. i low seventies is not an isolated case. every one here has cracks in their house. oh, he w, corresponded how he had gatos is a very brainy g 7 summit here in germany where argentine has being presented as a business opportunity. not a problem. i ask him how problematic tracking is for the lives of argentinians and how opportunistic it is for other countries looking for a new supplier to replace russia. well then of course, aside from the environmental problems that are at hand, literally hundreds of incidents that are reported every year, especially in as a backup where our deposit of natural gas and argentina. the biggest problem with tracking in argentina for argentinians is that it has so far been a failed promise,

a promise of turning argentina into a world power. those were the words of president mowdy, feel motley, just in 2018, telling people that argentina would become sort of a saudi arabia for latin america. and all of that has clearly not happened. so of course, when people see the investments that are being done, the promises that have been made and the actual results for the countries still struggling economy. fracking really does not seem to be the best solution for argentina. also the g 7 is meant to be a club of rich industrialized nations. why then, are they trying to source cheap and possibly environmentally destructive power sources? well then of course, there is a sense of urgency taking into consideration. bad gas imports from russia are to be reduced to they need to replace them. of course, with other gas imports. that is simply because the infrastructure needed to

completely change a power system required time and money. and the sense right now is that there is no time and that there is no money, at least that's what countries yet told all the time. that's why president, alberto fernandez from argentina. the current president is lobbying for cheaper and easier access to credit in order to make those investments despite the fact that of course, natural gas is not renewable energy. it still is widely considered the most environmentally friendly fossil fuel. so that might be one of the important aspects of the bigger picture here. of course, for countries like argentina is the fact that for years has happened, it has been considered an unsafe investment destination. that could be change, at least that's the aim of the present. and of many leaders here at the d 7. so i'll be, i'll get us reporting forth from a very green looking, but also stormy looking g 7 summit in our la, terminate. another knock on effect of the war in ukraine as well as the pandemic. a

supply bottlenecks around the world. shipping containers continue to pile up at harbours, including one of europe's most important hamburg de sophia express is making another stop in hamburg to 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. this is buffer storage for overflow volume that but if you wanted the 2nd one from a bottom, we'd really have to think about how to dig it out for you host border and loosen on the answer call. 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 ago. and we just don't have the space hum

. vinnish did. that's shipping companies are also feeling the consequences. hathaway lloyd has been closely monitoring its 250 ships. 3 of them are in the north sea waiting to dock in hamburg. thus the doi did set 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 likely it's all in all, it's not a good situation kind of soon as it also 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 zone to this to 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. it yellows honey to tens 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 not see all the flow of information needs to be much better. so we know what has to be done with these containers in advance boxes 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 could. but solutions like these take time, and that's something ports don't have as traffic piles up. i doing business with syria 2013 a brutal mass murder filmed by the perpetrators themselves. specialists and amsterdam have been trying to uncover the circumstances of the crime for yes. who

are the offenders? who are the victims? a search for clues that gets under your skin. close up. next on d w. a pulse ah, the beginning of the story that moves us and takes us along for the ride. it's all about the perspective. culture information. this is the w news and more. d w made for mines. oh, a little nar,

davinci mysterious masterpiece. ah, it is perhaps the greatest leonardo masterpiece in the collection of the louvre and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies, and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? the search for answers starts july 7th on d, w o . video recorded in damascus, syria, a.