and lawlessness and attempts to rob us of all europe and future wasteful my mood now. after talks with his ukrainian count about bodies pistole, this unveiled defer the aid package for keith. as russia intensifies as strikes on its neighbour. oh, that's your latest update up next to and you consider is new sanctions onrush. so that could include in import band on diamonds. that's up on the w business with k for by the actually we don't have a choice. so we have little time list to save the product. so we have to do what we can as fast as possible. we only have one generation left just 25 years to implement the greatest revolution since the doing of the industrial age . replacing fossil fuels with renewable energy around the

world without exception is a global energy to information really cost of the forward as well. or is it for our coupon document, free the renewables revenue jobs november 25th dw, the the your opinion proposes a fresh success of functions against russia. the new rules and foods a plan to bomb the import of diamond. we'll tell you why that could be bad news for belgium. also coming up tapping into a new market. this will take you inside vietnam's booming craft beer seen the. this is the w business on k, ferguson,

and thanks for joining me. for your opinion is considering a plan to impose a 12th set of functions on russia over its war 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, which have an 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 rosa. 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 binding 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's diamonds 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. traders in antwerp are skeptical the deal,

repeating the sanctions will significantly harm russia. states, china, which is a major, major consume of diamonds, have absolutely no interest in that. then india, which is also me just to 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 the issue 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 trailed, 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 proofing 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 bomb? 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 doubts as to whether they could actually be effectively kept off the market and where, but 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, which now with the united states already having bound russian diamonds and the g 7 considering proposals. belgium has decided that it simply has to get on board and it is in fact for 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 our proposal that would would submit significantly focus on the traceability. and in fact, make belgium, perhaps the gate keeper 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 russia's war test as 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. russia made $4000000000.00 from the, from the diamond trade last year. so that would significantly significantly cut into the kremlin coffers. 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 they're already on the book and they think that would go a long way toward keeping money out of rush is a rush is we're just i'm finally, terry,

it's looking like the you 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 ammunition to ukraine last year. it is 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 hoped to get from the e. u that we'd like to at least keep money out of russian pockets. terry, so 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 600000000 euros 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 specks revenue. it's 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 builder bank monte palsky the $920000000.00 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, italian government has failed the bank at several times since the financial crisis of 2000 and a to this to 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 trend 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 vietnamese traditional be your market. the countries craft be a seen is booming. thousands of microbreweries are now competing with popular federalized logos in the south east 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 and 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 astra now has, 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 beer, he says, still dominate the market, but it provides and fruity indian pale ales are 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 of those southeast asian nation. vietnam

already has a love affair with it. then you've got an imagining 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 year a year. the production tax for croft you're in vietnam, is 65 percent plus 10 percent of the 18 that's extremely high, but the exports tax to fellow 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 it on 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 can get a little bit confused about what it means to be probably a despite demik related economic challenges persisting microbreweries in southeast asia are expanding a craft beer sales are now making a dent in goodman's totaled beer sales, giving cross reese something to cheat. the remainder of the top is the story we're following for you. most environments are coming under close scrutiny. is your opinion because it has a 12th set of functions on russia over its war, new crane, along with the bond on the sale of the gym, so would introduce tougher requirements on russian oil and liquefied propane. that box up. i show. thank you so much for watching for more you can always log onto the delete. com slash business. we're on the dw, use youtube channel as well. for me, the team is by taking the

wales under stretch marine biologist, sabina, ireland. the conducts research of the time frame protected area for wales. but more and more also, she discovers the syringe it. why is this happening? why is the protection of quails not watching? those next on d w because i came out of the, the level of my life because of the big stuff this week. we are in vegas nigeria. and would you believe me if i told you that this country was 300 estimate, but that's a bus that you can sometimes get in a phone, wait and resulting to try, but the 77 percent people in 60 minutes and the

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