ah ah, give i mid russian and allied forces have almost completely taken the city of sara . and yet little guns for public us suggest adopting more organic farming methods in an attempt to compensate for lack of fertilizers. and that previously so yields in shall anchor drop by a 3rd. we hear from frustrated farmers later in the program with inflation brakes all time records in the euro zone, with some politicians questioning the effects of anti russian sanctions as a blow back. it's that you economy and china and russia pledge to join efforts to tackle global challenges and promote a multi polar world with

welcome to the news here on our international moneys pizza scott's. and here the top stories. it's a moscow time this friday morning, and we start off this our, with the latest on the war in ukraine where russia has reportedly stroke and industrial plants in the heart of region. these on verify the pictures appear to show the aftermath of the russian forces attack on the facility in the village of the new the locals do claim the windows and doors in near by houses were blown out because of the explosion. for there is not yet been any official comment from moscow or keith on the incident. meanwhile, fighting continues in the dumbasses lugens republic, ukrainian presidential adviser admits the kids forces are unlikely to reclaim the city of sara done yet. this, it is believed to be almost completely under the control of russian allied don boss forces, while ukrainian, so just still remain on the territory of the cities as of plans, an industrial area, the majority of ukrainian troops early withdrew to the neighboring city of lucy

chance and the city is also seeing fist fighting at the moment as he occupies a strategic position with ukranian troops usually to strike near by several done yet as his eagerness down of senses, this update from the from lines right now, the ukranian forces are trying to break free as they are besieged on the territory of the assault plant in the town of severed the nets. helping them out is another garrison in the town of lucy chance, which is just over there. you can see on the horizon there are plumes of smoke. well, we can clearly hear the sounds of war, well battering all around as they are banging all around us. so this is what they're trying to do because the town of lucy chance, which is just over there. it is the last bastion of ukrainian forces. he and the le ganske people's republic, the town of severed the net, which they have who had to, which they had left right now is almost under the complete control of the la guns

people's republics. army. and while the russian soldiers, as well the only enclave still that is still held by the ukrainians by the ukrainian nationalist nazis, and were regular soldiers, is the territory of the assault plant, but were the, the living sector, all the apartment blocks are under the control of the russian and while the allied forces against the battle is happening just just down the street just literally just maybe a few kilometers away from us. ah, the rest inflation rates has risen. so an all time high of 8 percent. now back in march, treasury secretary janet yellen did she did. we assure the country that inflation was not a big problem. but sanctions against russia over his war and ukraine have pushed already high energy and fuel prices up further. but she's now by tribes. i knowledge in her assessment of the economy was wrong. is there a risk as inflation? i think there's a small risk and i think it's manageable. i think i was wrong then, as i mentioned,

there have been on anticipated and large trucks to the economy that i get the time to fully understand. well, recent calculations from that record inflation rates will have the average us household spending $5200.00 more on the same basket of goods compared to the year before. that's the increase of over $400.00 per month. report emerge from the to americans in the mountain states are experiencing even higher inflation, averaging over $500.00 in added to household expenses in january alone. professor of economics and politics, jack erasmus told us, the bought an administration has done little to tackle the problem of rising inflation. i think the democrats are in big trouble because they haven't really addressed the problems. and the people were aware of that. it was pretty obvious what were the forces building towards them more inflation to late last year. we had all these supply problems, not just in the ports, but you know,

within the domestic economy as well. and after that, we had a lot of companies and industries take advantage of the awareness of supply, who didn't have a supply problem, but jacked up their prices are none, none the less. so you've got the food companies that are pushing a prices. you've got even the baby food problem there, but on top of that you've got something gray real. and now that's the sanctions and the rising commodity prices and going on speculators and so forth. and now you got the u. s. companies who's productivity is pretty much collapsing and they're going to start raising their unit labor costs than the jacking up their prices as well. so we have a oh, series of overlaid of causes that are sorta coming together in a, a perfect storm, which means inflation is going to continue for some months. here it is. this isn't going to go away. on talking of rising inflation and fuel costs,

the u. s. officials have a new pond to tackle the crisis using organic farming methods, but it seems upon will face difficulties in practice as has been witnessed in shall anchor. previously, kenneth moping has mall not for months and months. the flood waters have been rising. gas prices have been going up and up. americans are now being told that things could be soon, even worse, especially when it comes to food. there's a lot going on right now, but the idea we're going to be able, it's, you know, quick switch, bring down the cost of gasoline is not likely in their term, nor is it with regard to food prices at the supermarket or of 8 percent over march of last year, why it's more expensive for farmers to fertilize their crops. and the fuel that they use for their machines is also more expensive. both of those situations have a lot to do with anti rush and sanction. some farmers are speaking up and raising

the alarm at this point, biden is coming forward and saying he feels their pain and he has a plan. samantha power put it into words. we're working with countries to think about natural solutions like manure or in compost. and this may hasten transitions that would have been in the interest of farmers to make eventually any way. so never let a crisis go to waste. organic farming sounds all nice and logical, but it doesn't work out too well in practice, sri lanka tried it and as a result there crop output decreased by a 3rd d industry alone. last $425000000.00. things got to be so bad. the government actually paid out compensation to those farmers who lost out amid their little experiment, but the economic nightmare is still on hunger rioting. in the st, the sri lanka, government even backtrack. someone saying we are not a stubborn government. we are sensitive to the needs of the people, american farmers see what's on the horizon and they are not happy about it. meanwhile, the rate of savings among americans is the lowest. it's been in 14 years. the biden

white house continues to roll out plans that match a liberal value system. however, the problems on the ground are very real and getting worse. caleb martin, r t. york. well on undone money, sarah own is all minnesota farms in southern california. they think that the u. s. i ministration is out of touch with farmers. this whole idea to being able to use manure and everything else is just it's, it's crazy. it's about that data that's coming from somebody that has not a clue about farming, right? they don't know, they don't know what they're talking about. they don't know what they're doing. they don't know about the availability. and like dan was saying earlier, like they, they want to kind of, they want to use the newer, but yet they want to also get rid of cows. so where is all this newer and everything and it come from it's, i mean it's just, it's craziness. there is none of this makes any sense as everybody knows of cost

diesel is crazy high, so that's going to hurt. and then you have to get more money for your crop. is the diesels too, because everyone uses tractors everything. and then after the crop is grown, you gotta take that crop with diesel and get it to the supermarket. people are having problems with fertilize, they're not going in a fertilize well. so they're gonna cut back on their acreage of how much they plant is. you're not going to go in there and plant a bunch stuff and then lose it. you can't do that. so you want to make a good crop. so you're gonna do it for as many has much fertilizer and you can get, besides having to worry about the weather has like you usually have to worry about . they have to worry about are kind of get in a fertilizer and we're going to be able to afford this harvest this crop of rice, a diesel. everything's is crazy, expensive. there's so many all of these things just play off of one another. it starts with a fuel, but it certainly doesn't in there and it's just everything is just kind of a circular re, you have,

it just adds costs and costs on costs. and then plus all of the, the, the regulations and the minimum wage. and they just, all of these factors just add to the cost of what it takes to bring food to the table. and then that certainly is going to translate into higher cost to the customers. ah, a movie, don't know. the pakistani government is considering buying discounted oil from russia, both western lead and officials. they're all concerned about the threats of us sanctions. but a representative of the former p m in ron con, has questioned those worries. if russia were to offer us oil at a cheaper rate, and if there were no sanctions on pakistan to buy russian oil than sure, i would consider that the man as a liar. he says after $45.00 days, we will buy oil from russia. if there are no sanctions ignorant, man, there are no sanctions on purchasing oil from russia. ask india. so what's actually

stopping him from buying other than fear of us? the statement comes amid the new governments economic reforms that have led to a search in fuel prices. people now face further economic challenges amid the political turmoil which followed, the ousting of the former prime minister enron con. the former leader was keen to improve relations with russia during his to striking a deal for russian oil imports back in 2018. we heard from sub tame ahmed dollar research fellow at the sense of for security strategy and policy. he thinks that emma cons removal made pakistan's already difficult economic situation. wes, i was offered recently by the russian counterpart during the cons administration that we are going to give you all and guess with, you know, at least 40 percent less to what you are actually buying right now. but unfortunately, cons administration was dramatically changed in april and the current government is trying really hard right now in order to overcome those nomic crisis right now that

is my son. he's a facing right now. why? because a lot of investors of supreme god been sent him wrong card. and then they saw what happened with com. and these corrupt leaders are not back in the business. they pulled out all of their money from the stock market and from the financial sector. rich actually put a grid and tremendous pressure on the government because they were left with no money. i mean, while over europe, inflation is also hits all time records this week, reaching double digits in several countries. lead in a way is estonia with over 20 percent, among other countries, which refused to pay for russian gas in rubles, and in the most sanctioned country in the world right here in russia. inflation is actually falling some european politicians at the sanctions and not working. and seem to have the opposite effect on these don acosta has a story. sanctions, sanctions, and more sanctions. they just keep on coming. germany's economic ministers

completely convinced one day their burden will break russia's back. you will shoot russia, russian economies collapsing, rushes, exports, and impulse of falling dramatically. no, russian economy has been hit hard by the sanctions and a significant part of it is due to germany's actions. and i'm putin is still getting money, but time is not working for russia. it is working against russia. the question is, will the german economy survive long enough to see that day is vice? i know that companies will suffer economic losses. we're trying to cushion the greatest burdens with loans and subsidies was and yet costs remain. german industries have been voicing their growing panic for weeks. now, some industry leaders are even saying things could come to a standstill without russian energy supplies. our industry accounts for around 37 percent of german natural gas consumption, not just b m w, but the entire sector would come to a standstill. as for ordinary germans, all they can do is bite the bullet and pay more for just about everything. i am not

eating sausage and meet, meet has become especially more expensive. so i eat less meat. we and germany have the highest fuel prices in all of europe. if you thought germany is the only one suffering from its own sanctions, think again and pretty much every country that's hopped on the anti rush bandwagon . it's the same story. france, for example, promised to collapse the russian economy after moscow began its military operation . and ukraine said, oh, who shiki of a suite, it's russia that's going to suffer not europe. europe might face a little more inflation and the price of gas might go up a bit. but it's russia that's going to suffer and we're going to witness the collapse of the russian financial systems fast forward 3 months. the european union is facing record breaking inflation, and the finance minister has more to say about his own economy than rushes. you should look peaked overshoot, we are at a peak of inflation group. i said it's all months ago. the hardest part as ahead of us fairly. we are going to see inflation, which will remain high. well,

like in germany, the french masses are feeling the heat. miss, i was on wanted of you we, my expenses have gone up by about 100 year as a month, including water, gas, and electricity bills. he's a fellow that we have to work more to provide for ourselves, or we need to reduce consumption. and the u. k is going through much of the same a massive package of economic sanctions designed in time to whole the russian economy. we must also commit to the cease the dependence on russian all of them gas . he just got to get it. yeah, he doesn't actually on the spy. british house also slapped with an extra $53000000.00 pounds on the energy bills every single day. at this point, the blow back from western sanctions has clearly taken a serious tall but had they accomplished their goal of hurting russia? no. in fact, the global rise in energy prices that sanctions contributed to have only made rushes economy stronger. well, now it does not seem a load of true. unfortunately,

these sanctions don't work. possibly at some point they will. and the rubel didn't drop. russia doesn't feel any of these from the financial point of view. and when it does, the war will be over, the price will be paid by european citizens, while vladimir putin will smile. satisfaction in russia, seeing such a high profit margin from these new energy prices that it's made up for the loss of its assets, frozen by western banks. even with some countries halting or phasing out energy purchases, rushes, oil and gas revenue will be about 285000000000 dollars this year. that would exceed the 2021 figure by more than one 5th. throw in other commodities and more than makes up for the $300000000000.00 in foreign reserves frozen as part of the sanctions on top of that, the roubles position on the global financial markets has strengthened to a level that hasn't been seen in years. the writings on the wall more sanctions will come only at the peril of those who deploy them. journalist and author

daniela's, i believe the western governments miscalculated their approach in trying to isolate russia economically from the rest of the world. think they russia to quit week a and therefore that would alleviate the need for sanctions and would therefore prevent them from facing a serious energy crunch. but that has not been the case. there will be serious political cause. and i think that essentially voters once they realize how serious the economic problem is going today, will, will take it out on their elected officials and will essentially fire the lot of that. they obviously gambled, badly and luck. and as a result, they are facing a major energy short for which will recap it with their economies and undoubtedly

push the e. you went to a serious recession. and while we're on the topic of sanction hungry disagreements with a youth sanctions against russia could end up badly for budapest. this is the vice president of the european parliament kathrina barley demands hungry is stripped of its voting rights. perhaps now is the time to speed up this procedure and temporarily deprive hungary of the right to vote. now, in the case of hungary, this has really turned into a means of blackmail. this comes amid another public standoff between the budapest and brussels as hungry has long been a longer heads with the over the approach towards anti russian sanctions. recently, budapest successfully negotiated and exemptions with total oil embargo and will continue to receive it through a pipeline. and gary and prime minister victor all been previously compared to the reckless restrictions on russia with an atomic bomb for his country's economy. earlier we heard from dr. george somewhere, leap senior research fellow, the global policy institute of london. and he says,

europe is divided over the issue of sanctions with p. m, albany and negative portrayed in western media. there is no support within the european union for extensive sanctions against russia. sanctions are clearly hurting the european people themselves. are already people are suffering from high energy prices from high food prices, and you don't understand why, why, what are they doing this for the media any were particularly interesting. well, they're just describe a lie is a friend who just didn't support for maybe smearing him in this way, even know or by has gone along with the european union, a condemnation of russia. so. so the european union doesn't want anyone raising

these kinds of questions with anyone. does these kinds of question. they're immediately attacked as being a credit and talking points that you smearing anyone who raises the question, ah, maybe don't know. china's lead she didn't ping has reportedly said that china would find ways to support russia without violating western sanctions imposed on the country because of the conflicts and ukraine. and in addition, china and russia pledge to work on a united approach responding to global challenges and calling for continue partnership and promoting democracy. monopolizing the definition of democracy, imposing values and interfering in the internal affairs of other countries under the guise of democracy and human rights as unpopular and will not succeed. china as ready to work with russia in the international community to promote true democracy that is in line with the national conditions and public opinion of all countries.

fully in such a difficult, critical time that the world is going through today, a comprehensive, strategic partnership with the people's republic of china remains among the priorities of the foreign policy of the russian federation. but it is the experience of joint work shows that our ties have an inexhaustible potential. daniel conference on russia, china corporation, focused on counseling, perceived threats from military alliances, light, nato, and orcus, as well as western sanctions over russia's offensive in ukraine on the in pipes. they've had to on the global economy of it's a gal vice president of the sense of, for china and globalization thinks, and he believes this. they should respect the various types of democracy in the world. those china and russia contribute to global economic development. each emphasizes independence very much and each emphasizes corporation with other countries. and both of them are testing to play important role in the world of

today. and we call for peace and focusing on development rather than war mondrey, no country in the world has a monopoly all democracy. as a matter of fact, democracy should suit the special circumstances of the countries. it is applied to horribly country like china. of course, we'd need democracy. of course we have to bar proceed in our process. however, our democracy is very different from that in the united states of britain on many other trenches. while therefore we embrace democracy on the one hand. and we promote economic and political development with our own special tasks. therefore, i think countries need to respect each other rather than using their version of democracy and accused other country as if they have a monopoly of democracy. that's not the case. and that should not be the case in

the world of to day countries, d to respect each other, rather then tried to overthrow each other. and finally, russia ukraine, until he have agreed to create a c corridor to safely exports agricultural products from ukraine. let me be supported by the united nations with the organization founding. the alarm about the looming humanitarian crisis. i'm in a global wheat deficits. 20000000 tons of grain need to be exported from ukraine, but the stockpile is impossible to reach amid the conflicts. routes unsafe? the arraignments arrangements of such a wheat corridor are being discussed with a joint initiative looking to alleviate a global food deficits. for many, the world's top officials have laid the blame for the crisis on russia. accusing moscow of blocking ukraine horse in response to russia. as a father has been exacerbated by western sanctions, the issue is artificially exacerbated by western countries and the key of pushy which follows only orders. it seems the western civilized group as they call

themselves, has set the objective of greeting and later with titanic efforts to overcome the issue of food insecurity. but the need to be candid with themselves much degraded this problems themselves. over long period of time, they manipulated the international agenda. flirting with energy security issues, all this directly affects food security, among other things. and of course, the cranium crises that the western powers note church for a long time is a complex issue. this is a question of the non constructive behavior of the key of regime, which is blocking ships and ports. we already know how the can turn the situation inside out, claiming black is white and vice versa. was 825 moscow time. am in that to route for now? do you head over to the website for more in any those stories? in the meantime, i'll be back at the top of the hour with another one down of all the latest news. ah

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hello and welcome to cross talk. we're all things considered. i'm peter live writing for the pages of the new york times. joe biden says he does not want a nato russia war in the same article. he was unclear how the conflict and ukraine should end. negotiations did not appear to be a high priority. in the meantime, the you agreed to a 6th round of sanctions, all the while ukraine is losing on the battlefield. the cross talking the threats of escalation. i'm joined by my guess, charles or tell in new york. he's invested rider, as well as host of sunday with charles podcast in north florida. we have long ago he is a he is publisher of gold, goats and guns, blog, and newsletter and, and parents. because the pepe escobar, he's an independent geopolitical analyst,

the author specializing in eurasia high gentlemen cross roads. and in fact, that means you can jump in anytime you want. and i always appreciate peppy. let me go to you. first. i mentioned the president, the united states, a my introduction, what i gleaned from it. i didn't make it to make a whole lot of sense to me. i don't know who wrote it for him. it looked like a group of, of low walk pain lawyers that wrote it because very legalistic was very, it was very legally legalistic. great, but he said here on these, the article we're not encouraging or enabling ukraine to strike beyond its borders . we do not want to belong the war just to inflict pain on russia, but everything this administration is, has done and everything. the european union has done, and nato is exactly what he said he wants to avoid pepe. well 1st of all, there is no president of the united states. we have what i call crash test dummy. we have a near piece, a teleprompter, and the combo behind them, issuing orders, that he may or may not be able to read. and certainly not able to interpret that

what his reading don't forget until this new york times off at peace. the, the main idea was an infinite war. like a replay of the $198.00 is jihad in afghanistan. but now would know now it's immersed scenarios or new knowledge is already encrusted in the system. lasting years, if not beckett's to boggle down russia and in the words of light rate, the on off thing we commit. and now no, not anymore. we know we, we want to stay on mate and diplomacy, which was exactly what they were having diplomacy until a few weeks ago in this book, when i was just a few weeks ago, that famous a meeting organized by eric again, even sort of gave up rob was saying ops, now we have some agreement with the ukraine and so let's get the ball rolling. the next day it was and of.