i am, but is my personal shortlist for the golden and silver bow? when it's for the berlin out at 2023. it won't be long now before we find out whether the judges agree with me. that's all for now. coming up next, kate ferguson has your business update, but the look at the can nomic fall out, come the war in europe. and there's always more for you on the w dot com and on the job, your social media. honda, how did you need that is at the top your news? i'm such as well. thank you for watching. when you become a ready news with hackers generalizing between your societies. computers that oh sure you

and governments that go crazy for your data. we explain how these technologies work, how they can go with how they can also go terribly. what you know, sometimes the best teams just write out at you, our tv highlight some fresh green book every week. not come up for a year after russia invasion of ukraine. we assessed the economic impact looking at head and high, the country kind of rebuild after repeated attacks on its key infrastructure. meanwhile, united states and ice is a fresh wave of functions on russia. we'll ask our financial correspondent what

they entailed and how a year of energy insecurity. colds by the war has driven record profits out. some of the world's largest fossil fuel companies. this is the w business. i'm 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 impacts to key parts of the cranes 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 and 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 logistics services and extended power cuts caused by the continuous attack strained economic activity in ukraine. soaring food and energy prices, every worst 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. ration of war impacts across 20 different sectors. that amount is

more than one and half times higher than the 2021 g d, p of ukraine. it is certain that disfigure will increase as the war rages on. the world bank is expected to release an updated estimate on the cost of reconstruction in the coming months. but despite the costs, the resilience to rebuild remain strong. let's bring in all the cova deputy director for european energy security at the atlantic council. i'll go over the past year, we have seen widespread rushing 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 higher because these attacks have been rudolph, they have been indiscriminate in terms of hurting and amy, you heard the civilian population the most by cutting off access tricity heat.

and just overall, your basic energy needs what ukraine has been extremely innovative and extremely resilient and extremely strong in recovering from the top. even right now after one of the form is targeted, but more of these critical energy infrastructure. ukraine has broad enough capacity to support all of the energy needs. now it 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 all over. europe has made it its mission to win itself off russian gas. but would you say it's created new dependencies instead? i'm thinking of countries like tar for example. sure. i think the energy crisis has demonstrated risks of over reliance on just singular, you know, one main infrastructure are 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 or one supplier or one energy source. and there are definitely risks around. so whether it's tar 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 alter how much energy can be produced, right for advice, certain flyers that way. you have insurance in a way you have back up plants and that's so important right now for europe to be able to build out if multiple. 1 determined and other types infrastructure across europe to provide itself multiple options. and of course,

that really relies on 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 hunger 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, independence for energy sovereignty, because strong independent ukraine is also

a strong and economically 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 there is a symbiotic relationship, really. all right, olga cove, a deputy director for european energy security at the atlantic cancel. 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 leisha sat announced by washington just today. let's get the details now from our financial correspondent teddy, also in new york. hi teddy, good to see what's in these nations 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 a get around some of these stringent financial sanctions on russia. attending us. we just mentioned, this is just the latest in a string of functions against russia. are they working while 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. it's, as 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 ever for your input. brushes. war in ukraine has sealed economic hardship in many parts of the world threatening 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 profit. 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 law 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 that the, of course we need major investments in the new bill entities and as i mentioned it's it's, it's not enough. but speaking about europe, i can really only repeat best. it's very difficult to many of a project i thought because of missing a leah reliable practically working regulation. several countries are beginning to introduce windfall 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 where 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 round of aid for ukraine worth $2.00. and that's it for me for more you can always check i p w dot com slash business. we're on the dw youtube channel as well from me and the business team here in berlin. 8th, bye bye. take with to the point. strong opinions, clear positions, international perspective in speeches marketing, the 1st anniversary of russia's invasion of ukraine. both flattery protein and joe biden sought to prepare their listeners for a protracted conflict without end war without

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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 in me personally. it's just a dream i've always had. i've always wanted to see the us from above. destiny for space. starts more jason on d. w. for a year after russia invaded ukraine. it has seen serious setbacks. ukraine is holding on, but the price is high. many subsist in a landscape of craters and ruins. thousands of ukrainian civilians have been murdered, women raked children deported over 8000000 refugees.