dw business on k, ferguson, and thanks for joining me. so your opinion is considering a plan to impose a 12th set of functions on russia over its 4 in ukraine, as well as the existing measures covering everything from energy to banking. the new plan would introduce tougher reporting requirements. those would be designed to cracked and on the illegal purchase of russian oil, which is now commonly being traded above the $60.00 a barrel cap. the new sanctions would also impose restrictions on purchases of russian liquefied propane and potentially a bond on russian diamonds. the last proposal to crack down on russia's diamond exports would have and especially big impact on the belgian city of antoine, which has long been at the center of the global diamond trade. the world's largest diamond mines are here in northeastern siberia. it's a profitable business for the russian state. own corporation. i'll growth in 2021.

the company generated revenue of over 3000000000 euros. typically if the gemstones extracted here are sent abroad as rough 9 man's often they end up in the european union. after months of negotiations, the u is finally moving to put sanctions on russian diamonds. the process of banning russian diamonds has taken months. the center of the global diamond trade is the belgian port city of antwerp. and so far the belgian government has resisted those sanctions. dealers worry the depression, diamonds are banned, the industry may relocate to somewhere like india. india is a rising player in the global diamond business. already 90 percent of the world statements are being cut and processed here. this new, a strange which claims to be the largest office building in the world reflects the ambitions of the indian diamond industry. the traders in antwerp are skeptical the d repeating the sanctions will significantly harm russia.

takes china, which is a major, major uh consume of diamonds, have absolutely newly interesting that then india, which is also me just a consume of diamonds. they have no interest in the event. i mean, they don't have no interest to know from where the students are never being the case and most of asia is there's no interest in india does not back that use sanctions. they'll be undermined because the origin of a diamond can only be traced and it's rough and cut state. later it's trail becomes blurred to make sanctions more effective. there are now calls for a better system for tracking the origin of diamonds. but right now, loopholes in the documents proving where they came from. mean they continued to be put on the market. that's talk more about this with the w, correspond. terry schultz and brussels. terry diamonds are an interesting example

of how functions can potentially backfire. where is the used on now when it comes to a potential bon? as well as was mentioned in that story, the european commission has proposed now for the 1st time to put russian diamonds on its sanctions list in this 12th package. and the reason it's so long coming is because belgium has successfully lobby to keep them off the menu in part for some of the problems that were, were mentioned in that piece about traceability of origin and, and dallas as to whether they could actually be effectively kept off the market and where it sees 90 percent of the world's diamonds come through there at one point or another. so you can see why this was such a huge issue for belgium. but now with the united states already having bound russian diamonds and the g 7 considering proposals. 2 and has decided that it simply has to get on board and it is in fact put making some of these proposals itself as to how this would work. now a lot of this focuses on traceability on how to make sure that the diamonds which

would be banned, actually came from russia and to make sure that other countries aren't masking the origins in going ahead and trading them. so belgium is working on a proposal that would, would submit significantly focus on the traceability. and in fact, make belgium, perhaps the gatekeeper for the diamonds coming into the e. u and the g 7. so it clearly is not giving up it's perch at the top of the diamond tree, but simply trying to make sure that if these sanctions come into place, which could be so damaging to this country, that they are as air tight as possible. but there are a lot of complications i had in the sections package. as i said, it was just introduced last week. member states are now to make debating amongst themselves the diamond band is only part of the package. and of course, there are other countries against other parts of the package, and we're hearing that well, the commission would have liked this to be agreed already. it's unlikely that there wouldn't be complete unanimity until you leaders themselves. come to brussels for a meeting and mid december. it's so complicated, isn't it? these next set of functions would be the 12. are they actually making

a big difference to russians war test. so well, certainly no one would say that they've made as big a difference as quickly as the european union or the united states or its allies. would like russia has, has resisted sort of the economic collapse that everyone would have liked to see when it comes to being able to fund its war on ukraine when it comes to diamonds. rushing, made for $1000000000.00 from the, from the diamond trade last year. so that would significantly significantly cut into the kremlin scoffers. but one of the other things that the e u is looking at increasingly is the circumvention of its sanctions. now you mentioned earlier this a oil tap at $60.00 per barrel and it's well known that shippers, insures and, and shipping companies are getting around that ban. so one of the things that you was looking at as it looks to impose new sanctions, is simply to enforce the sections that are already on the book. and they think that would go a long way toward keeping money out of rush is a rush's war test. and finally, terry,

it's looking like the will not be able to deliver on its promise to military support for ukraine. how damaging could that be for keith? certainly, that's something that we learned last week when it comes to this form is to prove to provide $1000000.00 rounds of artillery of munition to ukraine last year. it has looked very unlikely for a long time. and finally, last week, the european unit admitted that it only delivered 300000 of these rounds so far with the deadline of march. so that certainly is news that's being taken uh, taken, you know, very with sadness and key because it, it very much needs that ammunition simply to keep up it to keep up. it's daily battle against russia. and there's, you know, there are bad signs from other capitals as well. washington is warning that it will not be able to sustain its military support for keep. so they are very much looking toward this new round of sanctions toward enforcing the air. tightness of the sanctions to at least if they're not being the,

if the premiums are not being provided. everything they had hope to get from the e. u that we'd like to at least keep money out of russian pockets. terry show, it's a pleasure to talk to you. thank you so much. i now to some of the other global business stories making news. germany's exports to rush her phone again. according to the latest figures, russia in force until 600 a 1000000 euro is worth of goods. last month's done almost 40 percent year on year . this place is russia 18th, among germany's most important non e u. export countries. prior to the war and ukraine, it was 5th german arms companies. i'm metallic specs refuge, almost doubled up to 14000000000 euros by 2026. that's due to russia's warranty crane. increase defense commitments from national members. the company says it's current full order books support. it's growth targets easily has sold a 25 percent stake and the bailout bank monte palsky. the 920000000 euro sale is

a significant step forward in plans to re privatize the world's oldest bond. 2 years after initial attempts to do so, failed, the italian government has failed the bank at several times since the financial crisis of 2000 and a, a list of vietnam know where beer brewing has a long tradition. most has been made by big companies, but tastes are changing out. in recent times, a craft beer revolution has been sweeping across the country. inspired by the trent in europe, the united states, mike roper reads, housing popping up all over the place. marine local ingredients with new brewing techniques. this is the liquid gold that is challenging vietnam's traditional market. the countries craft be a seen is booming. thousands of microbreweries are now competing with popular federalized logos in the southeast asian nation. i don't know if there is

a ceiling to be honest. it's such a new thing, regionally across all of asia. i mean you look at attrition rates and a in a 1000000 population city in america, you can sustain over a 140 craft varies. so when you're talking about a city of 89000000 in ocean city, i mean the potential growth here is astronomical. had through patrick was recruited from portland, oregon to us capital of craft beer, to vietnam's largest craft brewery, east west brewing the brands, including taiga inside on be, are you says, still dominate the market, but it provides and fruity indian pale ales growing more popular. while many of the 1st microbreweries were set up by foreigners, most of the customers here, all locals. you have numbers rank nines in your consumption globally higher than any other southeast asian nation. vietnam and already has

a love affair with it. then you've got an emerging middle class with disposable income. that like to experiment that like to have experiences. and so that was a gamble that we, we played off so far it seems to be working at the heart of darkness through a reproduces 1000000 liters of the year a year. the production tax for croft, you're in vietnam, is 65 percent plus 10 percent of the a t that's extremely high, but the exports tex to fellows south, east asian countries is 0. heart of darkness, exports to 8 countries, including singapore, where recently opened the 2nd. drew was a single, tory, and market is also growing. the pace is slower than vietnam's. that's because singapore imports vast amounts of craft beer. there's no good definition of what was probably a right. so anything that gets you to the market, anybody can live with them. it's probably a that there's no quality spend that or what it means to be probably of which means

the consumer here to get a little bit confused about what it means to be probably a despite dynamic related economic challenges persisting microbreweries in southeast asia, are expanding a cross bure sales are now making a dent in vietnam's, total beer sales, getting crossed through rece, something to cheat. the reminder of the top is the story we're following for you. bus and diamonds are coming under close scrutiny. is your opinion income? so there's a 12th set of functions on russia over its war, new crane, along with the bond on the sale of the gen, so what introduced tougher requirements on russian oil and liquefied propane or that will suffice. so thank you so much for watching from where you can always log onto the delete. com slash business. we're on the dw tunnel as well. for me, the team is by taking the

new ideas of self confidence in terms of sustainability and recycling electric home. and in fact, emily plus when it comes down to process the competitive some china and the us all the way ahead, we move the green transport revolution. be profitable companies in 90 minutes, d w. imagine how many portion of lots of turn out in the world right now, climate change story. this is much less the way from just one week. the how much was going to really get we still have time to work on doing the flex.

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the . this is dw news line from barnett and the leader of how mos, as a deal with israel, is close. it's likely to see a pause in fighting on the release of hostages. elizabeth riley's captain by the militants on october. the 7th of putting pressure on these writing will come from this to prioritize the sights of their loved ones. are sad about every loss of life, but it feels like the world is not screening hard enough for these innocent civilians that are being held hostage. these writing 3 family members held hostage

by hamas tells dw how she's coping.