and standing the test of time high luxury watchmakers are embracing sustainability as part of their design. this is deeply business. i'm kate ferguson. thanks for joining me. russian president vladimir putin has admission to western sanctions. will have a negative medium term impact on his country. the continents come after months of been sustained, the pianist matters were not having an effect. russia is currently the most function to country in the world will i will economic data is hard to come by, but it's clear, heavy war spending is only adding to pressure on an already fragile economy. rushes defense minister inspecting his supplies, munitions, like the ones manufactured at this plant are in short supply. but buying the weapons as an expensive business. and one rush i was hoping to keep out of public i

according to russian finance minister data, unlisted or classified spending has doubled since last year indicating garrander turned off the budget is likely connected to the war of fort $31000000000.00 in total, dwarfing all the other publicly listed government expenses and moscow's black budget is ballooning at a time of falling commodity prices, which make up the lion's share of thrushes earnings. rest and sanctions also continue to bite city according to russia's president. don't leave for a different history in only illegitimate restrictions imposed on the russian economy in their medium term can indeed have a negative impact. in this regard was what we need to ensure a sustainable increasing domestic demand globally. in this situation, this becomes the leading factor in economic growth and i wish you used it's unclear if the kremlin can kick start domestic demand. the country officially went into a slight recession last year with g d, p,

contracting by just over 2 percent. however, that factors in increased military spending indicating rushes domestic consumption is likely fairing worse than it seems at 1st glance. and with more and more arms needed to keep russia in the fight, moscow's war machine will likely continue to consume the kremlin over tax conference. for more and if i'm drawn out by yon is claudia, i russia express at the german institute for international and security affairs. yon is how significant is pittman's admission that the functions are biting. i thought a quite interesting and i think it's significant because m, as you pointed out, put in was saying the opposite just a couple of weeks ago. so what could this mean? i think it means that futon is realizing that this war is going to be longer than he anticipated, and that it will be more costly and that it will also demand

a lot more sacrifice from the russian population. and so i think what he's trying to do right now is to prepare the public and also the leads that is, has gone to be longer and more expensive than originally thought. a alice western country for having pub, more than $11000.00 individual sanctions against russia since it invaded ukraine, which measures have worked and which had not i think that each of these measures has a certain effect on the individuals and companies that are targeted. if you asked me for a specific measure that was quite effective, i think it is the oil embargo imposed by the u. this has really significantly and it has significantly hit the income of the federal budget and is causing the kind of deficits that we're seeing in this data right now. and if you think about

sanctions that are probably not having the desired effect, at least not politically in russia, it is the sanctions on russian oligarchy. and he, i think the reason is that their influence on the kremlin and russian political decision making has been, well, i think it has been overestimated in the last years. and i don't think that the sanctions on them will cause any political change or any political impact on put into plans regarding the war and ukraine. all right, the war has also left russia increasingly dependent on china. what i mean, you can on the cliff for being a junior partner facing i believe that the main risk is actually a political risk. so, i mean, it undermines russia sovereignty because in the future rush, i will half, you know, it will be, depends on china for around half of its imports and the most important important coming from china. so this will have political consequences. but there's also an

economic cost, and the economic costs is that china has different goals in this economic relationship with russia, then put in the us, china wants to have a market for its exports. and it wants to import resources, why russia would like to develop its industry and, you know, develop tick, not technologically in the coming years. and this is under the, you know, a current circumstances simply not going to happen. and this is the biggest economic risks from this reliance on china for russia or i the honest truth. thank you so much. thanks. love for having me. and in another development, russia has detained the wall street journal report, even girl of which on espionage charges. earlier this week are much published on extensive analysis on the state of the russian economy. now, india has launched a major push to sell africa weapons as part of ambition to boost its defense sector

. on wednesday, the indian military invited army chiefs from over 30 african nations to inspect domestically made helicopters, thrones, and artillery, as well as boosting exports. india also wants to become less reliant on imports, including from russia, as faithful against china on their disputed border. for more, let's bring in d, w. correspond entire cars. ok in delhi true are african defense chief interested in this offer from india, when symmetric emissions are already buying from india because western made arms are too expensive for them at this particular exposure. in gwinnett, they were delegates from the range of african nations like egypt, morocco, nigeria, ronda, and even so that bigger. so that shows a fair bit of interest in, you know, both claim that a little less than 20 percent of, as i'm exposed,

currently go to africa already. ok. so by 20 percent who else is currently buying in the latins or there's a long list? government claims that the 75 countries across the world are buying these. it'd be the include in the neighborhood, like neat, bog boot on, and even european nations like france, spain, italy, even poland, other customers into russia is re you a saudi arabia phillip being chilly. and that's also because there's a range of products on off of from helicopter to even smaller defense. but katie, so fundamentally, why does india have such big on patients to beef up at defense experts? why focus on this sector over others? well, i think is the major of the given the need to become less reliant on the importance of the pre says that india is the world's largest and vote and has been in that

position for a several years now with the counselor about 11 percent of noble employee now when he wants to bring those numbers down significantly become self reliant in terms of manufacturing or defensive but, but it also increase the export. i'm think exports currently standard about $1500000000.00. but in that and in bishops does get target. go to more than a couple of this to at least $5000000.00 by $2425.00. and all these events like the ex bull auto, part of that strategy to, to make available on offer to a range of countries across the world. all right, tara tara k, in della, thank you very much. now to some of the other global business stories making news. germany's transport sector could phase more disruption offer. unions rejected a fresh offer of

a pay increase from employers. unions are looking for a 10 percent rise. they've been offered h on monday, a one day strike brought much of rail and air traffic across germany to a halt. for expiring, brazil has walked out of negotiations over a probe into alleged slave labor at one of its subsidiaries farms in the 1970 s. and a she's, prosecutors allege folks funding was responsible for serious human rights violations there. the company says it's not interested in a pre trial settlement with authorities. the 11 members of the comprehensive and progressive agreement for trans pacific partnership are expected to allow the u. k. succession to the free trade block this week. britain will be the 1st european nation to join the trade packed members include japan, australia, mexico, and canada. spain's competition watchdog has launched a probe into google for alleged anti competitive practices affecting news agencies

and press publications. the investigation will try to determine if google and its parent company alphabet abused their dominant position in the spanish marcus. no sustainability often comes with a premium price. tak bus if you're ready for he ate thousands for a luxury watch. a couple of extra bucks shouldn't make the difference. still not all upscale watchmakers have been at the forefront when it comes to going great. now it seems times are finally changing. they seem to be floating in time and space. even the company logos horse has elegantly taken off, and miss watches are extremely desirable for collectors, rich collectors in particular, as they retail for thousands of dollars, much lower than the price, the company is ambitions, when it comes to sustainability,

a mis aims to achieve net 0 emissions by 2050. other than that, the firm says sustainability is built into the product because it's meant to be treasured forever. good with all nerves. we do everything to make a product that will last a long time. that will be repaired, of course, as obvious for watches, but we repair our leather objects. we repair our bags, and these are objects with a lifespan of up to 56 your 80 years. so i would say that's an approach that's already respectful of the environment. however, more can be done and more has to be done as was watchmakers are facing increased pressure to prove their commitment to sustainability for its current collection. all this works was straps made of recycled polyester, recycled plastic as the source for dials and other models, luxury and recycling, not mutually exclusive, says another watchmaker was innovative models feature an oil bubble display controlled by magnetic fields that with indeed each with

all the materials we choose for the watch are either recycled or from a production system in which we have confidence gone. and we want to be b corp certified and swiss made. but we also want to go beyond that would lead a certificate for social and environmental sustainability for some, it's part of the feel good factor when wearing a luxury time piece. i'm that ross of our show. thank you so much for watching. ah, with

one tragedy to many vincenzo luciano had been a fisherman in crow tony italy for 40 years. he was one of the 1st on the beach, when more than 80 people had drowned since then he can no longer pursue his work. the drama of international refugees, policy destroys so many lives, focused on europe in 30 minutes on d. w. ah, hello guys. this is the 77 percent. the platform for africa. you beat issues and share ideas. you

know or this. i know we are not afraid to happen delicate because population is growing and young people clearly have the solution. the future belongs to the 77 percent. every week on d, w, you king was like a stepping point. you know, pilots you into that would you want to be finish your studies. now you have a safety problem. crane. you can choose to go back or somewhere else. currently, more people than ever on the move mold might in search of a better life. so why, but i want to go back to 9 g, like i don't have any reason school, but there's no reason that's nothing for me did. yeah, i believe something great is coming very, very soon. and yeah, can we learn more about love when the story

in for my gosh, reliable news from migraines, wherever they may be. ah ah, this is d. w. news alive from berlin. britain's king charles is on a charm offensive in berlin. the king addresses parliament speaking properly in german plays up ties between the 2 nations, also on the program to be european commission, president of the law and says the future of relations with china, japan.