a year into the war and ukraine, the pressure is growing on countries believe to be trading with russia's military, including turkey. also on our show, high electricity bills are biting into the bottom lines of companies across germany . help is on the way, but will it be enough? hello and welcome to the show. we begin today with a war in ukraine and western attempts to isolate russia for military related trade . a u. s. u sanctions are still falling short for preventing many door use items from reaching the country. that's a category that includes everything from raw materials to electronics. one path is to turkey. semiconductors and electronic components made in germany top the list of goods. the you won't sell to russia any longer, and yet somehow that's exactly where they end up by way of turkey. the country does not support the use sanctions against russia and doesn't abide by them. that's why

russian oil tanker said in court to turkey to their oil, gets refined there before being sold in the u. s. gasoline or some other product for maximum impact. we're targeting many industrial goods that russia needs, and that it cannot get through back filling by 30 countries. vital goods such as electronics, specialized vehicle's machine parts, spare parts for trucks and jet engines. but it won't be easy to close all loopholes as russia sources sanctioned goods through a series of countries. however, some progress has been made. banks from china, the united arab emirates, and turkey said they will no longer process payments for sanctioned russian banks. but blocks rushes, easiest way of paying for its imports, or getting paid for its exported resources. to be oscars of senior policy follow at the european council on foreign relations. he joins me for more. it will be,

as turkey has denied that its firms are supplying military useful technology to russia. what exactly, what kinds of items are we talking about? well, hello, range of items from russia as has become a tree key, trans shipment up for exports to, to russia. i lost you alone to increase its ex was rational over almost 100 percent law, 90 something percent. of course not all of these exports are, sanctions, exports are to be more generally has become a key export of also its own products. but we do know that there is also activity going on all sanctions products. we have, for example, some reports of, of, from dual usage and, and military. great goods that have been made their way to russia via turkey. ah, plastics, a steering wheel. so i'm so chemicals used also in the military industry. we have some reports in disrespect that, that pops ups,

brush us military. and more generally, i do use goods off course, a white category coating microchips, which also make their way is taste which okey dokey has become the 4th largest perhaps export to off semiconductors to russia. so it is a range of products that are, that, that make their way through to get to russia. all of them are so conventional sanctions, as i said, turn is already denied that is providing any sort of materials that are useful for russia. what leverage to washington and brussels really have for curbing this kind of trade that they find problematic. it's a difficult to diplomatic game, a turkey eye and eyes. of course it's actions. however, domestically we do know that the government is also actively, ah, perhaps i'm driving a campaign, it has been very outspoken about the negativity of sanctions and, and so domestically turkey is very much either lobbying,

it's roll off or filling the cap of a global economy on the sanctions i'm so what leverage it, that's um there is i think leverage a one part is that of course as so convention activity that's going on in a private sector. and to really cramp thou and this kind of. so convention we need, ah, the support of the turkish government to really enforce and, and clamp da monday sanction. so i'm, we need to get a turkey and turkish government on to the table. i'm there currently different methods try this further pressure or why the inducement a but pressure is increasing. you mentioned the finance sector. what role does that play when we see that there are specific sanctions targeted at financial transactions that are more effective way to go about curbing some of this trade? yes, certainly a of the key financial players who are a, facilitate much of the trade ah,

a key and i key hops in this trade. i'm is often private individuals that need to be identified. we need, the intelligence wants a lot of intelligence, ada gathering, something that is increasing and been a really clamping also down on the specific players. i'm fretting and dumb with mach access 2nd, and i'm with financial sanctions. this is the route that we might be going towards, but at the same time, again, there needs to be some sort of corporation with the turkish government. it cannot be all done by targeting individual banks, individual trade as or he has to be sort of a double double strategy that still be escal with european council on foreign relations. thank you very much. was shifting gears to barcelona, falling demand slumping, phone sales, and an expensive network built out just some of the challenges looming over the mobile tech industry. as its largest, largest trade fair kicks off to day in barcelona. some 80000 participants are expected. this year's mobile world congress vendors will focus on the latest and

greatest showing off latest and folding screen smartphones immersive med averse experiences. even ai power chat bought the event is back to full strength after several years, a pandemic disruptions. but demand is a concern. smartphone sales slumping 11 percent last year. janelle do alone is in barcelona. she joins me for more. janelle demand is falling. smartphone cells are down. what is this kind of environment mean for an event like the world congress? well, for the mobile world congress, it means that there has been an effort to re brand away from that kind of event that concentrates on products lunches of launches of new devices and smartphones. and up when you think about it, there are a few product launches here. but if you really pay attention, you can see that some of the announcements, especially from the bigger players like samsung. i've concentrated on products that have already been on the market. but if you really think about it's even,

it kind of makes sense. phones are so good now and the changes in the last 2 years have been so incremental, hard to get people excited about phones where the cameras are just a little bit better or they fold in more ways. people still get excited about apple phones, but apple has traditionally stayed away from the mobile world congress. that said, there's the 80000 people here. there's no shortage of topics for them to talk about conductivity, ai chat, g b, t. you mentioned some of them already and i guess those topics will just be more and focus in the next 3 days at the mobile world congress in barcelona. also seemingly notable about this years version is that chinese companies like wow, way are back in a big way. and that's the growing western pressure against many their products. what is their message they're bringing? well, you're right, chinese manufacturers are here in full force. you have shown me, you have honor. wall way is all is very well represented here. i don't know if you

can see behind me, it's like they have this huge sound. one of the biggest presences here in m, w. c. if not the biggest. in fact, they went to an event of there's a last night and they were keen to highlight their sustainability initiatives, keen to highlight their partnerships with telecom providers from all over the world . and i think the message of they're really is that they're still in business, that they have a big, global footprint. dots other customers are not running away from them. but it really has to be said that the geopolitical discussion is still a relevant discussion. it's still relevant whether europe is still due to a dependent on chinese suppliers for critical infrastructure. this hasn't been a question that while way has been keen to answer, we have asked, they have, instead of told us that they'd much rather talk about their business and also how they're diversifying in the face of a growing western pressure in the form of supply bands and import bands and so on.

all right, that's janelle do alone in barcelona at the mobile world congress. thank you very much. let's go now to some of the other global business stories making headlines. french defense group, talis planned to hire 12000 new positions as the fence spending rises across europe . the ceo attributed the news to the dynamic growth of the defense market. shares in the dallas group have risen 60 percent since the beginning of the war, ukraine. iran's currency, the re all fell to a record low of 600000 to one u. s. dollar. amid high inflation. the real has lost almost half its values of the beginning of countrywide protests falling the death of a young woman in custody last year. all across europe, electricity has become a lot more expensive since the beginning of the war in ukraine, and that's hard for households. and it can be devastating for businesses that are trying to stay competitive. a wealthier countries like germany can help their own

companies by footing part of the bill. but even that's not enough for many businesses. take a look. high energy prices are a huge burden on this entrepreneur. more than 15 percent of his total expenditure is spent on energy. several $1000000.00 a year. we haven't shown florida, we already had the highest energy prices in europe before the crisis, and they have multiplied again now we had a 6 fold increase in our energy purchase prices at the peak. the market has since come down a bit, but we're still at around 3 and a half times the price under lankson still very high and a burden on the plant, which produces substances for chemical and cosmetics industries, among other things feeds for the ex, fully eating effect and cosmetics in order to relieve the burden on small, medium sized companies like worley, the state will take over part of the electricity bill, starting in march about 40 percent. and this program in this program expires in

2024. the federal government will hardly be able to afford to launch such a $1000000000.00 package again. so we hope energy prices will have settled down by then and we would come. but how will energy prices develop, especially against the backdrop of the war and ukraine? so long of that as long as we're in the middle of this, we can't expect any relief. that's why you always have to make a clear distinction. fossil prices are high, we have to get away from that. other energy is, are much cheaper and then it can also become cheaper and perspective i spoke about other energy sources such as bio gas produce from manure for li, bottom bio gas plant there. the company produces its own chief electricity grammar. we have invested in a bio gas plant where we can produce 50 percent of our own electricity. and we want to expand on that. but we will also invest in photovoltaics and which repeating herb, assume the company also sterilize us foods like pumpkin seeds. this also involves

a lot of energy because it requires steam until energy costs are low again, the name of the game now is to cut costs as much as possible. according to its owner, the company must also prius more cheaply with fewer employees. this is the only way it can survive and the long term against competitors from abroad because they usually pay much less for energy. all right, that's our show. check us out online dot com slash business. we're also on youtube or the dw channel. i'm seeing beardsley, thanks for watching. ah, [000:00:00;00]

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