am but is my personal sure less for the golden and silver bell 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, kid ferguson has your business update for the look at the economic fall out from the board and you're cramped. and as always, more for you on the w dot com d w a social media channels. the 100 unit. there is add these up, your new address balls. thank you for watching. ah, that will interest the global economy our portfolio d w. business beyond. here's a closer look at the project. our mission to analyze the flight for market dominance. with

d w. business beyond. a currently more people than ever on the move worldwide in search of a better life as a committee god that a lot of people actually find out about robina stories, info, migrants ah, a year after russia's 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 as a fresh wave of functions on russia. we'll ask our financial correspondent what

they entailed. and how a year of energy insecurity caused by the war has driven record profits out. some of the world's largest fossil fuel companies. this is dw business. i'm k, ferguson, thanks for joining me. as well as to why it's bad human suffering caused by russia's invasion of ukraine. the war has had a devastating economic impacts 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 this one is independence from the soviet union in 1009 to one. the heavy, tall ukraine's economy rewards a self and intolerable figures. a preliminary estimate by the ministry of economy

of ukraine shows that ukraine's connery 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 inflation and 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 konami. despite the ongoing attacks from russia, key was looking towards the post war 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 ages 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 america cova, deputy director for european entities occurs. he 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 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 acts like tricity heat.

and just overall your basic energy needs. but ukraine has been extremely innovative and extremely resilient and extremely strong in recovering from the tax. even right now after one of the form is targeted, martin of these critical energy infrastructure. ukraine has broader death, enough capacity to support all of the energy needs. now you can no longer doesn't have enough to be able to export the energy like you did in the past. but right now it's an incredible 1000000000 and the stuff, sorry. what the fight is, not all over. europe has made it its mission to win itself off russian goth. 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 the risks of over reliance on. 7 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 on 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 risk or climate change related extreme weather events that happen and that alter how much energy can be produced for an adviser and 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 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. one 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 economic, the 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 got a cova deputy director for european energy security out the atlantic council. thank you very much. thank you so much. that about the e. u am the united states have imposed widespread functions on russia since it's invasion of ukraine, the latest sat announced by washington just to day. that's got the details now from our financial correspondent teddy, all throw in new york. hi teddy, good to see what's in these lakes. his 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. teddy, as we just mentioned, this is just the latest and it's train 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 for 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. here, 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 meet major investments in the new bill entities as i mentioned it's, it's not enough. but speaking about europe, i can really only repeat best. this is still very difficult. many of a project i thought because of missing it, clear, 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 re 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, and i as

a fresh wave of sanctions on russia, as well as a new ride of aid for ukraine worth $2.00. and that's it for 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 on the business team here in berlin. 8th, bye bye. take 3 good tired hood but unable to sleep, try hypnosis. sleep researcher and christina newman knows all about what helps promote quality sleep at night. and she explained to us what happens to our

bodies when the conscious mind is taking a break. move to morrow to day. next, on d w. we la euro. we la diversity and anything unusual? no mountain is too high, and no road is too long. in search of the extraordinary we are the specialists of lifestyle, europe, euro macs, in 60 minutes on d, w. o blue with the for him real time on social media, and they fit sanders and splint toward the people shaping public opinion. the key

word share is the word fate. where are the right magical battle lines being drawn? the propaganda war for ukraine? russia's warning cray one year since the convention began. take a look back and into the future. in the new building. slowly in february on d, w with temperatures are rising glaciers are melting. according to a study published in the magazine science by the end of the century, 83 percent of mountain glaciers left disappeared. and with them, the valuable information contained in the ice. what's called the ice memory, the raw material of scientific research.