a year in 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 began today with a war in ukraine and western attempts to isolate russia for military related trade . u. s. u sanctions are still falling short for preventing many dual use items from reaching the country. that's a category that includes everything from raw materials to electronics. one path is through turkey. semiconductors and electronic components made in germany topped 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

says setting cause 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, a senior policy fellow 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? what a whole range of items from russia as turkey has become a tree key, trans shipment up for exports to, to russia. i lost your loan 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, sir. i'm so chemicals used also the military industry. we have some reports in this

respect that that pops ups us military. and more generally, i do use goods, of 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 there's a range of products that are, that, that make their way through to get to russia. all of them are a conventional sections. as i said, turn, he's 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 i took e i, 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 tropi is very much ada lobbying. it's role off of filling the

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

i key hops in this trade. i'm these often private individuals that need to be identified. we need the intelligence law. a lot of tells has an 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, denise to be some sort of cooperation with the turkish government. it cannot be all done by targeting individual banks, individual trade has or he has to be sort of a double double strategy that severe scachar with european council on foreign relations. thank you very much. we'll shifting gears to barcelona, falling demand slumping, phone sales, and an expensive network build 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 $80000.00 participants are expected this year's mobile world congress vendors will focus on the latest and

greatest showing off latest in folding screen smartphones immersive men, diverse experiences, even ai power chat box. the vent 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 sales 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 the kind of event by concentrate on product 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 could 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 it 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 are still 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 versus that chinese companies like, while way are back in a big way. and that's despite growing western pressure against many their products . what is their message that 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 down 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 . i think the message there really is that they're still in business, that they have a big, global footprint that 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 we 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 to now do malone 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 defense spending rises across europe. the ceo attributed the news to the dynamic growth of the defense market. share in the tallest group have risen 60 percent since the beginning of the war ukraine. iran's currency, the re all fell to a record low of $600000.00 to $1.00 us dollar. amid high inflation, the real has lost almost half its value since 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. that's hard for households and it could 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. hi, 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. and so on florida, we already have 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'll still add the wrong 3 and a half times the prices underlines and still very high and a burden on the plant which produces substances for chemical and cosmetics industries. among other things, beads for the ex, fully aiding 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 be a router. 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 a newer for a li, body bio gas plant. there the company produces its own chief electricity rama and 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 would repeating this theorem. 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 under the dw channel. i'm seeing beardsley, thanks for watching. ah, [000:00:00;00]

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