also on the show, how have german companies adapted to the loss of russian clients one year after the war? we take you to the eastern german city of cabinet and soviet era brands are failing to land. an attempt to bring back russian consumer icon is slowed by a lack of western input. this is the w business. i'm danelle de malott on welcome you. foreign ministers are meeting in order to discuss a 10th round of sanctions on brush up. the new package is worth around 11000000000 euros and is focused on export controls and fighting sanctions. evasion apart from arms deliveries to ukraine sanctions are a major part of the western response to russia's invasion of ukraine. last year. the west has impose around 14500 sanctions against moscow with the aim of weakening its ability to wage war. the u. s. has announced the biggest number of sanctions

against russian entities and individuals, totaling 2527 followed by canada, switzerland, the u. k. and the you. 80 percent of the sanctions target individuals, including politicians and oligarchy. the rest target businesses or institutions. but are they working for more? let's bring in yacht is clue. go from the german institute for international and security affairs. so 9 rounds of sanctions, so far a 10th perhaps coming. let's start with that initial question. how well have they worked so far? so the sanctions are indeed biting. russia is in a deep economic crisis, but we also have to conclude that the sanctions alone are not enough to stop the war. and they have not created a situation. it is threatening for put an artist regime. so if we now, you know, draw a line after one year, we can say that these measures are taken effect. but maybe it's

a bit less of an effect than you know, sam would have hoped at the beginning of the war. well, one has to assume that the you can impose an infinite number of rounds of sanctions . can the west adapt its response to a multi year war? it is very important to adapt the sanctions all the time because russia is finding new ways to evade them. and to circumvent them, and it's very important to keep track of what is happening with russian trade also with a 3rd countries and with china, for example. and yes, i mean the sanctions, the effects a lot of the effect would come over years of time. it just takes time for these sanctions to take effect, but this would become more and more important because we are now in the war of attrition. and it will be decisive in the end, you know, which side can actually mobilize more resources to wind us war, economic resources, and t, a sanctions play and very important role. so you've mentioned thank since a convention. thank is leakage, you minister is an aunt of course,

a crackdown on this. but given the lot, most of the world isn't actually against russia. this is very much a war of the west. how hard of this task it is difficult, but it's not impossible because these 3rd countries like turkey contact on other countries bordering russia. they also don't want to be targeted by things system cells. so they don't want that. it becomes too obvious or too direct that they are responsive for thanks and sanction circumvention because they are still very much integrated into this western world, the financial system and also trade flows and intellectual property. so they need access to that and they don't want to lose it. so the west has lost a lot of leverage, also to speak with these governments of these countries. and find ways to stop the flow of components of technology that might end up in russian weaponry in the end. and it just takes an effort and you know, it especially is important to keep track of what is happening in the straight flows

. and i think that it's most important in the next months and years to, to identify the things that are being sent to russia, circumventing the sentence and strengthening, rushing the russian military. now there's also this argument that because russia kept buying russian europe, sorry, cut, buying russian energy for so long after the war started that the foundation was in fact lead to meet the conflict last longer. what do you think of that? arguments? it is true that the sanctions in the energy sphere came actually very late because those are the same sorts that expensive for ourselves. the other things are not so expensive. but with oil, you know, we were waiting and with gas actually, it was not a decision taken by the you, it was a decision taken by russia to not to and the cooperation essentially. and now we have the oil embargo coming into for the 1st step in december, the 2nd step in february. and we see that it's actually having an effect on russian government revenue. so it is effective. but it took us

a long time to also get our own replacements because we need of course, you know, to continue to get oil and rush. i was simply a very, very important a supply. in the past decades, yana school got from the german institute for international and security affairs. thank you so much. thank you very much. now this next story takes us to the eastern german city of camden. before the war, russia was a key market for its manufacturing sector, but the sanctions meant that the affected companies had to look for business elsewhere. here's how they adapted to the new reality. turning, milling, drilling accurate to a 1000th of a millimeter, the work pieces, crank shafts for cars or railway wheels, weighing up to one and a half. tons each. the huge machines that can do this are built in cabinets in germany's east by the nile simmons company. managing director, klaus clare and his team sell the equipment worth millions of euros all over the

world before the russian invasion of ukraine. around 15 percent of their orders came from russia. but with the sanctions that came to an end quote, with the shopping in the short term, we completely changed our strategy. our main markets are now north america, europe, and much more strongly in germany. again, we're used to export 80 percent of our products that's shifted significantly. now it's more like $5050.00 without the slightest volara yahoo. com to complete. but the real challenge can be seen outside in front of the workshop. these huge boxes contain finished machines worth almost 10000000 euros. the 2nd half of an order from a russian client inside the manager checks more boxes. it's uncertain when, or even if anything will be allowed to go to russia again. not necessarily. we now had the problem that the machines for the order for russia had been standing here in the assembly hall for almost a year. but we need the space to process this year's sales. that's why the machines

have to be taken out of the whole machine ausa. however, many companies in cabinets have similar problems to solve cabinets known as carl knox. that under communism is a mechanical engineering region and traditionally has close economic ties to the countries of the former soviet union. at the chamber of industry and commerce. managing director christoph norberg says that smaller companies in particular, need to work hard to find new customers in south america, for example. but many have also learned from the corona pandemic, the via z and, but we see, for example, that european markets have actually come back into focus. that's not entirely surprising, considering the supply chain problems that were also happening, plugged in and the focus. but that's something that suppliers here in saxony can take advantage of them. them, i'm on the on, on, is exercising today for her to pass at nile saelens. they now want to try to re

purpose the multi $1000000.00 machines that can no longer be delivered to russia, so that they can be used in other applications, perhaps by customers in the ation industry. now to some of the other global business stories making news. instagram and facebook are rolling out a paid subscription model. the company says it will unveil a so called blue badge as a way to boost post son as a token of authenticity. after nearly 20 years of defending a free service model, mehta is switching gears. the company says the service is largely aimed at content providers. the war in ukraine caused the german, a g, d p, in nearly 2.5 percent last year. according to the german institute for economic research, that's equivalent to 100000000000 euros. one of the reasons that europe's industrial powerhouse has been heavily effected is because germany was previously heavily dependent on russian energy exports. in the face of western sanctions over the war

and ukraine, russian authorities have revived a soviet era brands, including the emblematic comma bicycles and mocks which cars. the aim is to be self reliant after many western companies shot down their manufacturing sites and rush up. but if you look beyond the branding, you'll discover russia is struggling without foreign inputs. i russia is celebrating the come back of the mosque, which one of the major soviet car brands. this one is just rolled out of a car plant near moscow, abandoned by renault. they come with a combustion engine and for just under $50000.00 euros in an e version. but auto experts say the new car looks identical to the compact crossover jazz for made by chinese manufacturer, j a c mosque, which won't comment on a partnership with the chinese. a russian economist is more frank regarding more when we speak about so called russian production. this is reprehensible. they put

a russian name played that says mos creech on a chinese mate, j. c. car. the car costs less than $1000000.00 roubles and china and a cost twice as much in russia. this is not about the production, but this is about an imitation model. mother. the plant aims to produce 50000 cars in 2024. well below the output of a typical car factory. the reason due to logistical problems and chip shortages, china can't deliver enough parts. so a russian supply chain is being set up. and that takes time. the kremlin however, celebrates the rebirth of soviet era brands to replace western goods, moon last on a. so they probably thought everything will collapse and fall apart. he and russia no such thing as happening. but nothing has collapsed. nothing is falling apart a year to either our companies, our for nursing took over firms and they continue to work quite successfully. and

it's important for us that our domestic manufacturer, us get unique opportunities, developing products. and it was no spooks of fully me. while many russians are nostalgic for soviet brands, it doesn't apply the soviet cars. in december and january only 40 ma switched, were sold according to rushes, auto stat. the reluctance to buy a soviet brand may have to do with their notorious fame. gotten to whatever they say, i prefer cars not from 8 in our country because there were times when we knew that our cars don't drive very well. it was done. it's schoolstore national. sheila lucian, traditionally russia's car production slumped 67 percent in 2022 to just 450000 passenger cars. it's the worst showing since the collapse of the soviet union in 1991. and a reminder of the top is this story we're following for

a this our they e was discussing us discussing a 10th sanctions package on russia today as the one year anniversary of russia's invasion of ukraine near the export vans included in the package would be worth more than $11000000000.00 euros. and that's her shell for more checkouts easily dot com slash business, and that he does use youtube channel. thank you so much for watching. thing . ah! with

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