cranium poets during the 1st week of the invasion, thousands of russians protested the war one year on. it's just solitary demonstration like these. and the tensions as the conflict enters its 2nd year, the world has neither forgotten nor given up on ukraine. get to stay right there. kate ferguson is up next with your business updates and a look at the economic impacts of one year of war in you. great. have a good weekend. everybody interest the global economy, our portfolio d. w. business beyond. here's a closer look at the project. our mission to analyze the fight for market dominance

. good is still the head with the w business beyond. not just another day. so much is happening all at once. we take time to understand. this is the day and in depth look at current news, events analyzed by experts and critical thinkers. this is the day weekdays on d, w. mm. ah, a year after russia invasion of ukraine, we assess the economic impact, looking ahead and hide the country, kind of rebuild after repeated attacks on its key infrastructure. meanwhile, united states and i think a fresh wave of functions on russia. we'll ask our financial correspondent what

they entailed. and how a year of casey insecurity caused by the war has driven record profits out. some of the world's largest fossil fuel companies. with in think of the business and k. ferguson. thanks for joining me. as well as the widespread human suffering caused by russia's invasion of ukraine. the war has had a devastating economic impact to key parts of ukraine's infrastructure have come under repeated attack including its power. great. the cost of rebuilding will be enormous. but the determination to do so is strong. since russia launched its full scale invasion of ukraine, the ukrainian economy has suffered the heaviest losses and damages since it's one its independence from the soviet union in $1009.00 to $1.00. the heavy, tall on ukraine's economy revealed the surf in intolerable figures. a preliminary

estimate by the ministry of economy of ukraine shows that ukraine's con, we shrank by 20 percent in 2022, disrupted logistic services and extended power cuts caused by the continuous attack strained economic activity in ukraine. soaring food and energy prices have reversed use of economic progress. in january, year on year, places in ukraine stood at 26 percent retreating slightly from a 7 year peak of 26.6 percent. in october, though it is lower than expected, the supply chain disruptions and power cuts debt crippling blows on ukraine's economy. despite the ongoing attacks from russia, she was looking towards the postwar reconstruction. it's long and expensive project . the ukranian government, the european commission, and the world bank jointly estimated that the cost of rebuilding ukraine's infrastructure would be nearly $350000000000.00. that's based on the 1st one ocean

of war impacts across 20 different sectors. that amount is more than one and a half times higher than the 2021 g d, p of ukraine. it is sort of the disfigure, will increase as the war age is on. the world bank is expected to release an updated estimate on the cost of reconstruction into coming months. but despite the costs, the resilience to rebuild remain strong. let's bring in all got a cova deputy director for european energy security at the atlantic council. i'll go over the past year, we have seen widespread russian talks on ukrainian infrastructure, including on a nuclear power plant. how would you assess the country's energy security right now? the country has been incredibly resilience, but also tired because these attacks have been brutal. they have been indiscriminate in terms of hurting and amy su, hurts the civilian population the most by cutting off access to electricity heat.

and just overall, your basic energy needs what ukraine has been extremely innovative and extremely resilient and extremely strong in recovering from the tax. even right now, after months of performing targeted but mormon of these critical energy infrastructure, ukraine has brought that enough capacity to support all of its energy. now you can no longer doesn't have enough to be able to export energy like you did in the past . but right now it's an incredible resilience and success story. what the fight is not over an ogre. 7 europe has made it its mission to wean itself off russian gas. but would you say it's created new dependencies instead? i'm thinking of countries like guitar for example. sure, i think the energy crisis has demonstrated risks of over reliance on. 7 just singular, you know,

one mate infrastructure aren't re bringing in critical energy sources or wants to fly or not just russia. i think just overall risk of being over reliance in over comfortable. we just one route on one supplier or one energy source. and there are definitely risks around, so whether it's a car or other countries, i think there is value in diversification of and building our diverse partnership with multiple suppliers. that way, when something does happen with one or 2, or there's some risk geopolitical risk or technical risks or climate change related extreme weather events that happen and that alter how much energy can be produced for advice, certain flyers that way. you have insurance in a way you have backup plans, and that's so important right now for europe to be able to build out if multiple g terminals and other types infrastructure across europe to provide itself multiple

options. and of course, that really relies on the unity with the exception of hungry. the e. u has been relatively united in its efforts to reduce russian energy imports. but there are questions about whether that result will hold. what is your take on not like i'm optimistic because it after 99 rounds of sanctions that have passed, it is unbelievable to see 27 nations coming together and agreeing on this. even if there had to be some concessions. me or countries like 100 in the end of the day, that is an incredible success story. and right now they're working on the 10th wave of sanctions. and of course we're waiting to see what that final rollout will look like. but as of right now, there is still tremendously some strong support for you frame. 5 and this support is not just for ukraine, it is for europe's independence for energy sovereignty. because strong independent

ukraine is also a strong in economic robust europe because it opens up more economic opportunities . it decreases risks and allows ukraine to be a robust producer of clean energy sources that could be exported to europe. so in a way, support for ukraine is support for european energy security as a whole. so it's a symbiotic relationship, really all right, all ga, ga cov, a deputy director for european energy security out the atlantic cancelled. thank you very much. thank you so much. that about the you on the united states have imposed widespread functions on russia since it's the invasion of ukraine. the latest that announced by washington just today that's get the details now from our financial correspondent teddy, all throw in new york. hi teddy. good to see what's in these latest round of sanctions while this latest trench of sanctions,

year into the invasion of ukraine, really is about closing some of those loopholes that have been left that russia has been able to exploit. over the past year, we're talking about targeting over $200.00 entities and individuals. these are banks. these are suppliers of defense equipment. these are individuals in the russian government and military officials. and this as the u. s. says is to target those who have aided russia in elicit finance and in arms trafficking. and notably this includes wealth management firms which have been instrumental in allowing individuals and entities to get around some of these stringent financial sanctions on russia. they're telling us we just mentioned, this is just the latest in a string of functions against russia. are they working well, the damage against the russian economy certainly isn't. as the u. s. and the west

have expected, there was an expectation of the g. d. p declined to be about 15 percent. we have seen a recession in russia as a result, but it's only been about 2.2 percent. and you said there's been a string of sanctions on the country. we're talking about targets of over 2000 individuals and entities freezing hundreds of billions of dollars in russian reserves. and of course, ousting the country from the swift financial messaging system, which is just critical of financial infrastructure. but russia has been able to stay afloat through the energy crisis. the energy prices going up, and they have stuck to their warpath. teddy also in new york, thanks as ever for your insights. brushes war in ukraine has seals, economic hardship, and many parts of the world threatening food security, as well as disrupting t supply chains. but there are some factors that have benefited from the uncertainty. in the past year, oil and gas companies have posted record profits. the past year of multiple

crises hasn't been a disaster for the welds oil companies. after russia invaded ukraine, energy giants benefited from a surgeon fuel prices that delivered them ruckel profits. exxon mobil made $56000000000.00 in 2022. the most in its history, anglo dutch firm shall posted a $40000000000.00 profit for the year and not far behind us base chevron group at a record $35000000000.00 of earnings. that double what it earned in 2021 oil giants also all their enormous profits to the ever tightening investment strategies. the proportions of earnings re invested have significantly declined. the investment rate of multinational energy firms fell to a historic low of 6 percent of earnings in 2021. according to a study, the lion's share of these already small investments goals into fossil fuels,

renewable projects only get a fraction. something industry representatives admit has to change. ah, it need to be better than the of course we need major investments in the new will entities, as i mentioned it's, it's not enough. but speaking about europe, i can really only repeat best that it's still very difficult. many often projects thought because of missing is leah reliable, practically working regulation. several countries are beginning to introduce winful taxes to prevent oil and gas firms from profiting excessively from the energy crisis. if some of those billions where to be we invested into renewables, it could help fuel the push for climate protection. and a reminder of the top story, we're following for you this hour on the anniversary of the invasion of ukraine,

the united states, as a fresh wave of sanctions on russia, as well as a new rent of 8 breed crane, worth $2000000000.00. and that's it. from me for more you can always check i d, w dot com slash business. we're on the d w news, youtube channel, as well from me and the business team here in berlin. 8th, bye bye. take 3. making the headlines and what's behind them? dw news africa, the show that faculty issues in the continent life is slowly getting back to normal you way on the street to give you enough reports on the inside. our

correspondence with on the ground reporting from across the continent and all the trends doesn't matter to you. next, the w nieto, india, you're just reducing the amount of water dad sitting around and a nod reduces the amount of methane that's being produced in the field. rise a food staple in a climate killer. asian rice farmers are conducting experiments with more environmentally friendly agricultural methods. eco india. in 60 minutes on d, w. o. gen these had 1111 north single woman. mission is december. the

1st female jannen asked show his face the gender gap in space exploration. germany's 1st female astronaut. it has been waiting for years to get her turn. a private initiative is pushing to make it happen. to me personally, it's just a dream. i've always had of always wanted to see the us from above and destined to post face starts more changed on d, w. ah, this is the w news, africa coming up on the program. one year of the war in ukraine and water has done to africa. wheat for example, has been in short supply across africa to, to the wall country start to way dependence on it's like kenya are struggling to get by fertilizer price.