petroleum products, these in fact, complimenting other embargoes by the western russian energy will help stop financing rushes war. ukraine will love expert. i'm chris called, welcome to the program. germany's trade minister says we can build a green bridge across the atlantic and build joint green markets. but does washington have an interest in that robert harvey and his french counterpart, bruner mayor, are in the us capital today to discuss the so called inflation reduction act, which the congress in the united states passed last year. part of it includes $370000000000.00 and subsidies to promote green manufacturing jobs in the united states, but it excludes many of washington's closest partners. the ear fears that this will pull key green tech companies away from europe. ah, it's all about the jobs of the future. many of those will be, well,

automakers and other high tech companies find the best conditions to go green. okay . president jo biden's, $370000000000.00 subsidy package. translated into a hostile act for the european, because it excluded this company. now, germany and france wants to talk. these 2 have already been through a lot of a ukraine or bad habit and bruno lemaire, the german and french trade ministers are heading to washington. and we have to explain to the americans that part of the inflation reduction act aren't compatible with will trade organization rules. and there are starting points to improve on that situation. exceptions for carmakers already on the horizon. those would be happy to take subsidies from both sides and as even a potential wind for, for the environment. this is more, in my opinion,

a matter of us having 2 economies now firing on all cylinders towards a green future than one. and i had to say, i don't think that's a bad idea and it's certainly not something that's worth having a trade war under the e. u has just announced its own plans for green business. we are competitive, but simply throwing money at the green tech industry might not be enough. is that and when we see something like the i r a, this is something, it's nice to have. it's a cherry on top of the cake, but the investment decisions have to be seen in the bigger context. and that lead america's inflation reduction act appear like a small cloud of, of a relationship that is too big to fail in finding compromise. there won't be a trade wall between europe and the us because nobody can afford it. so while the french and german trade ministers may be able to take home a few exceptions to the ira, a roles, most of all,

they'll be taking home more homework for europe. the divers mikaela kristen are there? earlier i spoke to jen sudak from professor of international economics at the university of dyslexia and germany and a member of the advisory council to the economy minister. he is calling for the you to copy what he calls the sensible aspects of the inflation reduction act. i asked them what that meant, or one charming aspect of the irish, so to speak is that they're not trying to do it with government subsidies, but with tax credits, which typically come with less direct receipt. and they're quicker in the implementation or appeal subsidy programs. they're often de bureaucratic, very complicated that take quite a long time. and i think you're being commission should really aim for more efficient and quicker programs and deciding more important than, you know,

putting up a vast amount of money and putting that into the window as a response to the re, the so the focus should really be on quick and efficient implementation. so streamlining decision making and all these things that determine finance manner. so finance minister has also been calling for now the commission is proposing to make it easier for countries to hand out money to certain industries. only friends in germany had been in the financial position to do that during the cove. it and the most recent energy crisis allowing this to go through would drive a wedge between richer and poor countries in the u, wouldn't it? yes, that's correct. that's why i think we need to elements here. i mean one is to kind of reform, state aid rules make procedures more generous, but at the same time, more efficient and quicker. but as you said, i mean that would be attractive for germany and france for both so much for bulgaria, greece and so forth. so those countries, they are asking for lexer fiscal rules. so i think that should be the compromise. i

would advise not to go by our national of fiscal policies, but actually to make it a proper european program. so have common european pool of finances that is then on base you distributed across all member states to something like allah corona next generation you package or we should have a new 2nd version of that with a focus on green policies. okay, but on that note that the german finance minister has been saying there still enough money left in that and that sort of corona virus, a package and more joint debt is something that germany does not want. yeah, i think we, we need a discussion about that. i mean, germany, right. the so does one come in depth for just, you know, an arbitrary purpose, but here, i mean, this is really a key priority for european economy and european industry for the next decades. so

spending in that area, it's really worthwhile. so i would agree with this to our finance minister that it shouldn't be the 1st priority to start of a common depth right away. first, we should basically use the resource that we already have when the corolla package and then all of that money is spent, we should basically then fill food back all with, with new depths. but that's the 2nd step. the 1st step should be focused on quick, efficient tools, use the money that's already there, and then basically get the program running and make sure that later on. it doesn't have to stop the course of money. it's gone away. i mean, that would be bad politics. and for you to come, professor of international economics, thank you for your time. thank you. in the you import embargo on russian petroleum products like diesel and gasoline has been and effects and sunday,

and aims to further limit russia's revenues from energy sales and therefore its ability to finance its war and ukraine. the measures to compliment and import ban on russian seaborne crude oil that came into effect in december. russian oil tankers that won't be heading to european ports with shipping vans and price caps that you slammed its doors shut on russian supplies since rushes invasion of ukraine early last year. the amount of russian crude oil arriving in europe has dwindled. at the end of 2022, it was only a quarter of the amount it was at the beginning of the year. but russian tankers haven't stayed home. instead, the kremlin diverted many of shipments to other customers. russian oil exports to non e. u and non g. 7 countries rose steeply in 2022 by the end of the year. countries like india important more oil from russia than ever before. rush us re shuffling of its klein base and high prices have helped shield its budget. the kremlin raked in

almost a 3rd more oil and gas revenue in 2020 tooth and we than during the previous year. but experts warn that rush us windfall. honeymoon could soon be over with thanks and starting to bite the kremlin, predicts that its energy revenues will decline rapidly in the coming year. all right, let's get the expos view on this was livia, galati, senior oil market analyst and energy experts consultancy. welcome to the w, olivia real rush and i'll be less were lined on oil revenues. to finance it's warn ukraine. the impact of the embargoes for both crude em products, which the product when kicked in yesterday has been to take away the biggest market for russia being europe. so that will of course, have an impact on the russian revenue. they need to be to find customers in the

global market. now the problem is that so far, particularly on the crude side, russia has been able to read direct, most of its crude exports to asia. now the question remains whether it will be able to do the same with crude products with the fargo now. recently checking in and most people in the markets are not so sure that will be the case. well, the question also is what that does to, to russians revenue, right? because india and china are gladly taken russian also far, but at a deep discount. yeah, that is true. the discounts that are very significant. but the prices are still interesting enough for russia to sell at them standing at a discount, depending on what that discount is, is still better than not selling at all. so that is why we're seeing the flow continuing. and now the real impact would be if russia is not able to find new

customers for its products, exports. and that would really take pick a hit on russia in terms of its revenue. why do you think it's more difficult for russia to find customers for its refined products when finding customers for crude oil has been working so far? the reason is that's for crude oil berries, a natural market in the, in asia and china, any particular are huge importers of oil. so they can import from russia. they used to import from other places in the world, in larger, displaced with russian. oil for products is a lot more difficult because at countries like china and india, date produce products. and in fact be our export. there's a whole product and so the demand there is a lot less significant. so russia actually has to look at other markets outside of these up to find customers that are not the european union, but it has,

we struggled to do so, so far. and you really haven't had any large new markets emerging for products. libya, the saudi energy minister worn over the weekend at sanctions and under investment in the energy sector could result in a shortage of energy supplies. what are your thoughts briefly if you could while we wait on where we actually have ad under investment in an energy supply for many years, and that having the resulted in a shortage or supply. if you look at any supply demand balances from any anyone looking at the markets at even in a situation where demand is weak as it is right now, your global impacts result, right? which is a sign i find a supply is just not heating that mark and with russia out of the market

for for the western world. and that's the problem in a journalist livia galati livia, thank you for your thoughts. thank and the rats up a program for more checkout website at the d. w dot com slash business. and of course, it's always worth checking out. the details of the news, youtube champ, i'm chris colburn. berlin, thanks for watching. have a successful with with

have you already forgotten that forgetting is necessary? or brian's wants to scorn some things in order to keep the important thanks. martin glen does forgetfulness become a disease. thread. worms offer new hope in the development of drugs against the alzheimer's and dementia. so please, don't forget to watch. to morrow to day. in 30 minutes on d w ah . with come have a g g t v highlights you every week in your in box. subscribe. now it

was 2016 as like a budget. the queen cousin wanted to see if germany was for me the last few years have been quite a ride, getting brilliant touch with i've already done the homework when it comes to genovius. and of course i always look right in the eyes. birch is, but perhaps the biggest on the new hobby of mine. i'm no longer a prude. i want to be in the news, very person americans. but when you're feeling altogether, you'll realize it's called just another way of living. are you ready to meet the dad and then join me, right? just do it on b, w. a. daddy still wouldn't don't collection. interesting you mouth. right? you will send this new deterioration. the girls must the end of a superpower. the collapse of the soviet union rushes more in ukraine. one years vision can we take a look back before the band into the future. in the new building?

slowly, in february on d, w. with this is d w use like from both in the death toll keeps rising off the devastating go with quakes and turkey and syria breski cruise run for their lives as a 2nd powerful tremor. his cities and towns already devastated. the destruction stretches across hundreds of kilometers and from syria an appeal to the world.