quotes as long as it takes and announced that washington washington would deliver a patriot missile battery to ukraine. lensky think, biden, and the american public for their support. the urge us lawmakers to pass tens of billions of dollars and new aid to ukraine. and to back here for the long term. watching the w news. stay tuned for business news with daniel winter. and don't forget you can find much more on our website. that's d w dot com. i'm already in the so thanks for joining us. with every journey is full of surprises. we've gone all out to give you some tips one day in the in the put. oh great, great home. i'm in your northern most count please.

ah brain times along still very much alive, dw channel, your guy to the special with recognizes where exactly it was fun. i've learned a lot. our culture history, all their d. w. travel extremely worth a visit. ah, ah. russia opens a new gas field as part of its peasant china. meanwhile, fresh export data shows a slight uptake kid german business with russia. why? we'll get the expert for you. and for the holiday shopping well underway, we stopped to think about what happens to old unwanted guess it's our time again

dw business. welcome. we begin with russia, president vladimir putin has inaugurated a new natural gas field in east in siberia that will allow russia to increase exports to china. the kremlin hopes to augment gas sales, as it's european trading partners, divest themselves. russian energy. moscow wants to boost guess sales to china. gas income is critical to the kremlin, to bankroll putin's war against ukraine. but until now, russia has had very little infrastructure to pump gas eastwood's. now putin has announced the development of what he said would become the largest gas field in easton, siberia, plus the infrastructure to export the gas. and eliza, the implementation of projects such as the co victor field, the power of siberia to the far eastern route will make it possible to increase gas supplies to the east to 48000000000 cubic meters 520-2588 1000000000 by 2030 east

to west. still, that's still not even close to what the west was buying from russia before the war ship with you. because if you put in claims, the new gas field in the east coast region has recoverable reserves of 1.8 trillion cubic meters. that would make it around the 15th biggest in the world. ahead of gas prom. alexei miller says that the co victor field is ready for operation and would soon begin pumping gas eastwood's. russia is desperate to get the project on line as quickly as possible to replenish dwindling walk offers. but the project timeline to build the infrastructure, shows that regardless of the outcome of the war, the kremlin expects, russia will be cut off from western markets for a long time to come. and stay with russia fresh day to result, showing german exports to the country have increased slightly to 1200000000 euros in value in november. it's down over half on the same time last year,

but still higher than when sanctions began in march. i spoke to alexander lipman, professor of russian politics at the, for university of berlin. he points out that there's still plenty of trade not subject to sanctions. would example, a pharmaceuticals pharmaceutical experts are also down, but only by about 10 percent as opposed to the pre war state. it was one of the biggest export articles of germany to the russian federation. okay. and done, you know, the, so we've seen that and this is amount as i round halved since at the start of the, of the war. the invasion of russia in ukraine. um, is this to be expected? would you expect this to continue to go down to, to stabilize? where is this going to go? that's difficult to answer because it massively depends upon what we're going to happen in ukraine, how the war is going to develop. and also how the general state of the world economy of the german economy is going to develop. so on the one hand,

a german companies did have long term interests in russia. but on the other hand, the russian economy is now i was experiencing what looks like a prologue to it long term stagnation. and this could massively reduce the interest to deal with russia regardless of the political situation. so it's difficult to tell. okay, i want to switch to energy now. so the you agree, the gas price cap earlier this week, will this significantly harm russia in any way? what do you think? i don't think so. i mean, we have to be realistic, or most measures which you introduce is when the energy market, ah, go in to reduce rushes capacity to export with it. you the already reducing it now by the actually what's relevant for russia is the budget effects and budget effects given still persistent opportunity of russia to export gas and oil to other countries outside the europe or european union outside the united states, which are not part of the sanctions m. so as long as russia has this capacity,

it still has a budget revenue it needs. so i don't expect the harm to russia to be big enough to really change though war developments while across that fits into what's happened today with the russian president, opening a new gas field with the goal of supplying china. how significant erase, specifically for russia, to what extent can it possibly replace the european market for russian energy? i mean, i don't expect china to replace european markets for russian energy. this is definitely not going to happen. and i also expect the price as russia is going to receive for its gas in china to be lower. and also the technology needed to, for example, sustained the exports to china. it also depends on european delivery. so things are not going to be easy for russia. but on the other hand, the really relevant question for put into government now is not whether you're going to replace europe, whether they're going to get enough money to maintain the government apparatus, the war machine and the control over the country at this most likely is going to

happen. okay, so what could be a strategically important, even if europe isn't displaced there, alexander lindman. thank you very much for that. thank you. now to some of the other global business stories making use 100000. i t specialists of left russia. this yet us horn to the minister for digital development in moscow. the start of the war in february and the mobilization in september, each frigate waves of departures, the majority fled to neighboring countries, including georgia, armina, and kazakhstan. to avoid the draft. germany's 1st import terminal for liquefied natural gas has started receiving fuel via pipelines from the ship hook, esperanza, the facility at vill homes. half mon, germany's north sea coast started its test phase a day earlier than planned. a floating terminal will receive l. n. g imports. converting the liquid back into gas for german pipelines and now it's time to check in with the word on wall street ends quarter is therefore as, as always,

hence consumer confidence or is the word today lifting the markets were, can tell us i mean, the consumer confidence to reach the highest level in 8 months and what is making people happy is lower gas prices. so if you compare it to earlier the summer and americans pay on the national average about $2.00 less per gallon of a fuel than they paid in a june. and then on top of it, we also see it's still pretty strong, a labor market, the lowest unemployment rate to bill almost at a 50 year low. so all of that combined actually led to this jump in a consumer confidence in the past month. ok. but the big question on everyone's lips, as of course, has to be, is this enough to give us some optimism to the american economy going into the new year? daniel, at least, is

a glimmer of hope looking ahead to but clearly, i mean all the effect that we're going to see from higher interest rate here in the united states, probably an increase in unemployment, probably less investment from corporation. that is going to put a certain direct on the economy next year if it will lead to recession. we don't know yet, but there was also another hopeful sigh. and we got some earnings reports from a nike. and they came in better than expected. partly also because all those issues with the supply chain, so that a lot of cooperation and had to deal with not just in the united states, going a bit more or a bit smoother. so the stock from nike, by the way alone, is up by about 30 percent on all of that together. also push the stock market higher in the wednesday session. so it won't won't be as smooth sailing in 2023.

but there is a little bit of help when it comes to the supply chain and also that consumers so far, still rather uppy. well, that's exactly what we want just before christmas, a bit of she has some good news. thanks for bringing that to us again, of course, and you a christmas time is almost upon us here in europe and the u. s. as well. tis the season for shopping, of course, but also returns a logistical nightmare in and of themselves. refunds and exchanges. ad, nothing new for retailers, but online shopping has made the whole process a lot more complicated. what is wrong with this washing machine or these mattresses, or any of these large furniture items? well, that's objective. all these items were returned by customers and sent to this huge storage facility in the germans city of loon. by just one online retailer, it turns out online shoppers have all sorts of reasons for returning purchases and

couldn't afford her. i'm her one customer wanted to order a freezer, but accidentally ordered 4. so 3 of them were sent back. that's one example of product wars or large tv screen. some customers ordered them without realizing how big they really are. and then they find out they don't have enough room for the grand forester. every return, no matter how big or heavy has to be unwrapped and checked, was there any damage? are there any dense or scratches, or most returned goods can be re sold online furniture store, home 24 has opened showrooms, where customers can sit down and get a feel for the product before buying it. and the machine is them. i find it difficult when you're at home in your living room and, and you just looking at furniture on a computer screen. it's hard to imagine what the pieces really like. sometimes you just like to see it before you buy it. and i think,

and i'm shown at home 247 percent of all purchases are returned. that's pretty good. says the company for faster retail as it can be up to a half of all items, a major problem and not just for cost about he now it is not who is out there this also in by the mental side to the equation, but very important each return as a carbon footprint. we have to pick up everything from wrap and pack it up. i have to move goods when from barbara and lag. i'm moving this return facility in luna has received less furniture since the company started sending fabric samples before customers ordered online. the firm is also working with manufacturers and advising on changes to packaging to prevent damage. while the holiday season will keep them busy, they are hoping for fewer returns next year. and it's almost time for us to go. but 1st, a quick check in on our top business story for you. president vladimir putin has opened a new natural gas field in easton, siberia,

the aim of allowing russia to increase its gast exports to china. as comes as german overall exports to russia picked up slightly to in november to 1200000000 euros. and that's it. you're up to date with d. w. business. of course you can find more on our website at d, w dot com slash business from me on the business team here. thanks for watching. ah ah rid daniel fans size will do anything to prevent his children from going hungry. but in britain that's not easy at the moment. the country that's actually read through distribution that helps the poorest. but the people in need to

succeed in capacity. when will the government town focus on europe? connect on d. w. conflicts own with sarah kelly. my guess this week on complex zone is a renowned foreign policy expert who has spent most of her career analyzing vladimir putin, russia, fiona hill, jointly from washington, where she has advised for us presidents and co author to book on. where does she think the war is heading? was this plan all along or had decades in power change 10 complet zone. in 60 minutes on d. w. with hello guys. this is the 77 percent the platform for

africa to beat issues and share ideas. ah, you know, or this channel, we are not afraid to happen. delicate the tub applicant population is growing. and young people clearly have the solution, the future, a 77 percent every weekend on d. w. a with hello and welcome to focus on europe. it's good to have you about christmas is around the corner for those will celebrate it's time for you to spend time with their families . enjoy holiday.