i with this was the ukrainians forces last bastion last, holding ground, just outside of the nets, and well, just outside of the industrial zone, probably as or to plant or t visits, positions used by ukraine's forces before they retreated into a chemical plant in several done yet where moscow says a humanitarian sci fi was violated by kip mixed messages from kia, ukraine's armed forces button to shell. russia's crimea bridge despite president volume is the lensky claimant, there'll be no attack on russian territory. the u. s. makes its biggest interest rate hike in almost 30 years in an attempt to rain in ramp and inflation.

on the st. petersburg international economic form. and the 2nd day with thousands of the i. p is ready to discuss solutions for the key problems of global development. with which you live from our headquarters here in moscow, your g r t international. i and peter scott bringing you the top stories early this thursday morning. and we start off with the latest from the war in ukraine. russia's accused care for violating a cease fire by interrupting a humanitarian car door in the east, a little guns republic. it was opened on wednesday to evacuate civilians sheltering in bunkers beneath as of chemical plants in the embattled city of several done yet . russia claims ukrainian artillery shell residential areas of the city. shortly after the car doors were opened. are eager to start reports. an industrial area, the size of a small city, ukrainian troops sheltering in its catacombs. mingling among civilians who aren't

allowed to leave. if you're getting the as of style flashbacks, you're totally right. this is the assault plant in several than that's where recent history is repeating itself. ah, up to a 1000 civilians are estimated to be trapped at the assault chemical plant. russia has made an attempt at a humanitarian sees far, but ukrainian artillery had other plans. this was the ukrainians forces last bastion last, holding ground just outside of several minutes. and well, just outside of the industrial zone of the resort plan, which is by the way, just about a kilometer away from here, this is from where they fled over. they're joining our,

the regimen and joining civilians who are being effectively held hostage there. the sci fi was botched as give forces shelled what was supposed to be a humanitarian corridor. also hitting it with tank grounds, only one elderly man in a come whatever may attempt eventually managed to get out. the bloody standoff around the plant continues as key of refuses to accept that yet a another massive surrender of its troops is looming over the horizon. amish dawn of art. see russia has accuse ukraine of deliberately targeting civilians amid insensitive shelling of done yet on luke guns for cities of those 2 places kia has not yet commented on those allegations. ortiz, roman culture, has visited a hospital when many of the indians are receiving treatment. we can watch this a little bit later in the program. ukraine appears to be sending mixed

messages about his military talk. it's after the country's top general stated that the bridge that links the russian mainland to crimea could become a focus of its forces. and that's something that directly opposes ukrainian presidents claims. the kip is not going to attack a russian territory. the courage straight bridge is target number one for the ukranian armed forces. this is no secret of their military or our military or their civilians or ours kids. would you have fired at russian territories across the border for chile? me? no, no. we are not interested in selling civilities. we are not terrorists who shall civilian neighborhood equal to pop malaria. we discussed those comments by that general with full messiah analyst, john kitty, aka, who believes that such conflicting messages are down to a fresh life action plan. one of the reasons, at least why this ukrainian general made the comment about the bridge publicly, was for propaganda value to, to worry russian troops in the area to make them think that this terrible attack is

going to come. i think the lensky is telling the ukrainian people what he thinks they want to hear. i don't think that his, his messaging is necessarily meant for the russians. it's meant for the ukrainians . and if it is going to make the ukrainians feel better for him to say that he wouldn't attack russian territory because it would be bad for the ukrainians to be able to, to or to have to withstand or a russian response. i think that's why he's doing it's funny. we're hearing completely different things from the ukrainians. we're also hearing completely different things from many of the leaders of the nato countries. i think that there's not a whole lot of coordination that's taking place. on the one hand, there are political statements. on the other hand, there's military planning, and sometimes the to just don't go together. meanwhile, the u. s. is approved

a new package of military aid for ukraine with $1000000000.00 for his total donations to give since the start of the conflict to $6000000000.00. kids demands for ammunition have quickly evolved with it now asking for more powerful rockets launch systems, which the us says is ready to send. but earlier my colleague unit o'neil discussed the recent decisions to provide new packages all military to ukraine with aussie shell davinsky decision by the u. s. defense secretary to announce further funding for ukraine ad that was the announcement that there would be $1000000000.00 of further funding security assistance for ukraine. and this has got a whole list of new weaponry that is going to be wing its way over there. that includes guided m r. s. ammunitions. how it says i sum 36000 a 155 millimeter ammunitions. also harpoon coastal defense systems, thermal cameras, a massive man that's been announced just from the us. also getting announcements on

wednesday from germany, back in the weapons that they're going to be sending over. and this includes free multi launch walking systems. now the u. s. secretary defense saying that literally, within the next few weeks, ukraine is going to have this capability of firing long range missiles. and what we've really got a sense of today is nato allies really doubling down on their support for ukraine when it comes to weaponry. when cube has been insisting house in it that it needs more and more weapons from the west. how's that going down? know what's really interesting as we have heard of the last few days. this figure being bandied around that ukraine isn't getting 10 percent to what's been promised . and that's the question that has been put over and over to officials with nato allies across the globe. that in fact, our question was put to the defense secretary from the u. s. to day, and he respond to that person by faith, who has said that the response from the person was the question said, it's the and under deputy secretary defense been ukraine. and he said, well look,

i've spoken and being this fossil day that's not what's come across. and so i think he should go and check back his figures and work out how he's essentially come to that. so this idea that perhaps, as these figures that we're hearing aren't possibly correct, although the secretary of defense for u. s. d, been gone to admit that these are evolving figures on a constant basis. but that question keep being asked on nato allies doing enough to defend, to help you crane. and it really does seem to be a question because now, irritating officials are the ukrainians correct. to complain, said nato allies are not serious enough about providing them the weapons. they say they need. i think the nato allies, individual nato allies have been extremely responsive in recent months. the list that they gave us early on in the conflict looks very different from the lists that

we're talking about. now. we were heavily focused in the beginning on air defense. we're talking about a heavy rocket artillery. we have shifted the conversation. we've talked about armored vehicles, there are claims that ukrainian soldiers have been getting advanced western weaponry faster than they can learn how to use it. quite incredibly, what do we know about that? well, that's why we know at the start of best conflict, that there was the sense that ukraine should only be sent soviet, here a weaponry from eastern european countries. and those eastern european countries could have new weaponry. basically because they're saying that the ukranian soldiers wouldn't know how to use the more defensive weston a technology at what we had did here. again today in the press conference is that there's been more training that's been taking place. not just obviously the training we know that's been happening since 2014, but specifically in the last few weeks to ensure that ukrainian so just can use

this weaponry. but the reality is that training doesn't always lead to quite results. for example, there was a report highlighted just a few days ago that suggested that javelin missiles that was sent to ukraine went without a customer tech support number, so to speak. when they arrived, there was a problem with the technology at the soldiers on the ground, had no idea what to do with it and had nobody to turn around to, to ask, what do we do a golf? we're not sure. and there were some that have criticize this thing. well, if you're going to supply this kind of weaponry to ukraine, you must then be able to supply that tech support off to it's. and if you're not, then really, what's the go well, in a bit to check a staggering inflation, the u. s. central bank is raised its key interest rates marking the biggest one time increase in decades. the federal reserve raise the rates by 3 quarters of a percentage points pushing its benchmark rate. a range of 1.5 percent to 1.74

percent. the height which will affect the consumer and business loans is the 3rd since march. and the biggest in the last 3 decades separately the u. s. has extended a waiver to allow certain energy related transactions with russian commits to take place until december, the 5th. that's the same day that you intends to start enforcing and embargo against to see born in ports of russian oil or seas. rachel blevins looks at whether the west initial approach to moscow is paid off. now when it comes to the numerous things shows that the u. s has imposed against russia, there appear to be more questions than answers starts to feel the impact of their own measures. just month after washington announced unprecedented sanctions against moscow. well, the media is now admitted that the binding ministration is concern about the effect . those measures are having at home rather than abroad from soaring gas prices and inflation. you concerns over

a global food crisis. the united states right now is really hurting, and that's just the beginning. in fact, even officials from the us treasury or no admitting that they're concerned about the over use of things against russia. all of that reports are saying that the u. s . government is even encouraging american companies to purchase russian for fertilizer in order to increase supplies overall. but i see the question of whether that would violate distinction the u. s. currently has in place. well, the answers are not entirely clear here. the story that the sanctions are causing the problem i think is deeply misleading. sometimes companies are confused about what's allowed and what's not. and we will try to clarify so that they're able to go forward. but we are also working proactively by trying to inform companies about what they are allowed to do. now for the question of who is to blame for the current prices here in the us. well,

president biden has tried to put the blame on everyone from russia to republicans in congress to even former president trump, essentially everyone other than himself, even though biden's own approval rating continues to remain your record low. well it's flesh this out when now joined by jack rasmus, professor of economics and politics at st. mary's college of california. welcome to the program jack. so the biggest inflate interest, excuse me. hike in almost 3 decades. a prudent step to rain and run points, inflation, or case of too little to lights? well, it's not just the one time 7 make $75.00 basis points. it's. we're definitely at least one more, maybe 2 more equal rises and by the end of the year, they expect the fetish max to double its policy rate. miss a very rapid significant rate increase. i don't think we erase rates that quickly in that high in,

in quite some time. when it really represents is that they feel they've almost lost control of inflation. and the markets and investors have been pushing the fed and the government to get more aggressive to raise rates. and that's what's really behind all this. but you know, it's interesting. i listened to jerome this morning, you know, and the chair to say, chair and he indicated that, well, this is really about doing something about demand driven inflation and you ask, is the fed really can't do anything about supply? well, the problem is supply i'd problem is the commodities inflation that's going on now . man has to do with the war in the sanctions. also has to do with supply chains that are still, you know, in trouble after crow has to do with supply chain issues with china shutting down. because the co for a while. and it has to do with speculators and gold, not gold,

but the oil futures market, speculators and ship insurers and shipping companies. you know, it is not that much actual physical restraint on supply. or what we've got so far is a lot of speculators and shipping companies and other, other corporations driving up the price of energy in oil and commodities even before the sanctions really take taken effect on the other thing i thought was interesting, you know, with your own pile this morning was a, he indicated he thought all this would result in a sock landing and no recession in the u. s. and supposedly accordingly fed 18 months from now we're, we're going to have them to percent inflation when it's been rising in 8 to 9 percent. and we're only going to have 4 by one percent unemployment. and when it's only $3.00. now, i don't know how he figures that the doubling the inflation is for interest rates

as fast, are going to avoid a recession. there's no doubt there's going to be a recession in this country. just a question of how soon and how do you think this will affect the average american at home? they're already obviously feeling the pinch, forming, rising prices. all. i think, you know, although the media and the government really are underestimating the pain and a discontent that's out there now in the country because of these rising prices for gasoline in california is over $8.00 a gallon in many places and food prices, processing and food uses a lot of energy and we got rent prices and shelter prices rising car prices rising . it's really hitting the consumer very, very hard and there's an extreme discontent. and that's only going to grow when they start losing jobs as well. of course and talking more globally, what sort of impact do you think an increase in the interest rate will have outside

of the us? oh, that's a good question because interest rates rising already are having a significant effect on rising the value of the dollar. and one of the da goes up, the other currencies in the world go down and we've got a collapse of currency is going not just an emerging market or countries. but in japan and the euro's going down and the pound is going down. when that happens, it accelerates the likelihood of recession, which in many cases already exist and a lot of these countries. so the dollar rising as a result of interest rates rising, is kind of exporting recession to the rest of the world. this is a big problem. the currency crisis problem of a difficult times indeed jack rasmus, festive economics and politics a st. mary's college of california was a pleasure to have done the program. thank you. my pleasure. these really defense minister has proposed the formation of the us led coalition,

including tel aviv on some arab countries, to counter iran. this comes as washington hasn't yet committed to a new nuclear agreements with her on which had been cancelled by the previous administration, leaving many countries in europe frustrated to contribute to rachel mazda and explains us president joe biden has a year and a half revive the iran nuclear deal struck in 2015 with the european union, us china, germany, france, russia, and the united kingdom. under the agreement, a foreign policy or stone of brock obama presidency would bind with vice president . iran would curtail its uranium enrichment program and exchange for sanctions really and normalization of relations. former us president donald trump talk the deal like it was and i love the way i'm a prem, leaving by the non cleanup duty while washington continues to dinner. and iran continues to proceed with nuclear agenda in the absence of the deals, bible, european company era to enter the iranian market are growing pretty frustrated to

make matters worse, better gas is talking up a new anti iranian coalition led by washington. we're seeing the french space change and intensifying a variety of barriers. so we are working significantly in building the israeli defense forces and all security alms. alongside increasing our collaborations with the u. s. all most important ally and other countries in the region. washington is also back to pulling over iran and it's role as world in europe, backyard teasing in iranian tanker near greece at the end of may, following a request from the u. s. justice system, the oil is to be transferred to the united states at the expense of that country. iran responded in a tit for tat, capturing the releasing of a great ship in the person gall this month. according to the quincy institute responsible state crush us jittering on iran deal re entry is causing a risk with europeans. the washington think tank called the resolution passed at the international atomic energy agency last week,

or iran nuclear enrichment activities, sponsored by the u. s. britain. germany and france, but opposed by china and russia, an illusion of unity between europe and america. by the way, to ron reacted to the vote by removing the agencies, cameras. your sites. 27 cameras are being removed in iran, apart from an online and reach monitoring system that we have over there. this is, of course, poses a serious challenge to our ability to continue working there and to confirm the correctness of your application on the cheek. diplomat, joseph morales recently asked for a restore deal suggested divergence of european and american interests over on the

possibility to strike a deal and return to iran. nuclear deal is shrinking, but we still can do it with an extra effort. maybe you should consider the possibility that washington has it right. that is politically hand left and unable to enjoy the competitive advantage of a new trade relationship with permission. 6 people have been killed and ukrainian rockets attack on the new guns because city of stock on of us, according to local officials, don't ask on lou guns, crippled excesses are coming under intense fire with russia using care of deliberately targeting civilians. this should not bring to keep any military advantages. the news is not on the line of conflict. there are more military objects where the show show. so do kind of military deliberately target serious if you didn't district some infrastructure hospitals. my concern is the letters the ambassadors. comments came after this fire and done yet on monday with local

authorities saying ukraine, 5 hundreds of missiles on shells of the city. 5 people were killed and more than 30 injured with a marketplace on maternity hospital among the buildings. hit ortiz, roman casa visits, a hospital where many of those injured are being treated. we are right outside of the genetic central trauma center. this hospital is just one of many that have been treating thousands of patients that there were wounded by the ukrainian military, out of those thousands of patients. at least 200 were children. and. and now i'm going to go and talk to a couple of those kids that were injured by the crating military or the last couple of days. a broker, a shell, hit a car near my home, and the explosion shattered our windows. we went to hide in the bathroom, then a fire broke out. we tried to put it out, but we were unable to. so we grabbed a mattress, tossed it out of a window and jumped down onto it from our apartment on the 2nd floor. i spoke to

the chief surgeon here and that from a soldier sensor vadim on liberty ankle. and he's been working here since said once, you're 14 and personally helped her thousands of people with their boons caused by the ukrainian military. he sent it over the last 3 months. the shelling here in don't ask only intensified was on the read it you, louise, barbaric artillery, at saxon, our city have intensified and we are used to attack near the frontline. but recently shells have been struck in the city center. these shells can hit any one just yesterday in 84 year old woman was wounded and brought to us earlier and 91 year old was also wounded. is truly barbaric. this is where hundreds of ambulances arrived each single day, carrying many, many patients that have been wounded by the artillery of the ukrainian military locals are saying that for the latest shelling here is the in the next,

the intensity of the shelling is unprecedented. and they're certainly hoping that sir, this will end very soon. rum on costs ref artie don't ask people's republic. in other news, china's moving to consolidate its iron or import through both purchases by states owned groups. that's in an effort to counsel australia is dominance of the markets . start is considered to be australia, largest export markets, and the biggest import, the obvious i and all. although diplomatic relations have soured in recent years, trying to place economic sanctions on australia in response to a series of grievances. the australian prime minister this record on beijing to lift the trade boycott to improve relations, political and financial analyst, angelo gallano says it was economically suicidal for australia to clash with beijing in the 1st place. trisha, 2 years ago started an investigation,

wanted an international investigation on coffee, and this is how it started thought the purpose he has to do. and the coupling australia has a 50 percent of the trade with china. so basically it's extreme dependent on china . so what it did, by attacking china, was basically as 2 sites. it's extremely societal for failure to do that. and did the purpose is to come to in china. this is not the china of the 100 years of you mediation. keep in mind that the western world want that you partition china and do you mean nation is actually ending with the hand of hong kong? in 1997 in the ultimate reunification of china will be with k one. so for chinese, extremely important to maintain the sovereignty over taiwan. it unified, the whole nation, and this will make b and then of the century of immigration that the west, the 2 china, while the u. s. now, plans to send an additional $650000000.00 in military to ukraine. united nations is

calling for funding to prevent a potentially devastating oil spill off the coast of yemen. un member states have pledged around 3 quarters of the $80000000.00 needed to remove an estimated 1000000 barrels of crude from the decaying tanker in the red sea of central oil spill in the area could cause an estimate to $20000000000.00 in damage the tank itself was built nearly 50 years ago and subsequently converted into a floating storage facility. but it hasn't undergone sufficient maintenance since the civil war up to 8 years ago. i met with staff, director of the agent center facilities and translation believes the middle east just isn't a priority for the un to develop service. and that's according to the charter of nations. environmental vice became one of the fundamental flights of the human being the full, a sample of some sort with some sort of real need. and it's a fee to treat these environmental catastrophic issue,

especially in the bop. now we see a lot of friends, especially on the west, you and unfortunately, he's motivated by the dominic countries, especially us such an and france and for the middle east and the south country are not on there. these are just focusing on just the problem that's near 5, their folders box. is this regarding any other problem away from the photos? and if you see also we have a problem in palestine. we have a problem and we have a problem in the if you have a problem, any walk, we have a problem. so now you and all of them made by the west, one of the world's leading economic forms. now entering its 2nd day in saint petersburg, this year, thousands of the peace and government officials for more than $140.00 countries taking part in the event the market 25th anniversary this year.

the delegates discussed a range of topics during the 1st day of the for him such as global corporation in the developments of the artic region investments in high tech and art. as well as the influence until russian sanctions have had on the global pharmaceutical markets . russian foreign ministry spokesman, maria's economists as interest in the st. petersburg for improves the western powers, cannot isolate russia on the world stage. up at this deal like you, what has the west done? they've isolated themselves from us, but it's impossible to isolate us. but the west wants to cancel us cbs to defeat us to dominate us. but at the same time, they want to coexist with us, if they believe in their policy of canceling russia and restraining our country's development in accordance with that policy, then they are isolating themselves out. the whole world is watching what's happening. asia,

africa in the middle east are drawing their own conclusions about whether the west is a reliable partner. dinero will ortiz ilia. katrinka is out the form, and he spoke with sammy called swanny, the head of the indian business alliance. about the chance for asian crunches to do more business with russia. the whole while is wing invitation and there is some one has to be blamed for it. so definitely is not russia because they didn't bring this situation. so the western world, and i make a broader tradition where, where hold africa is willing to go in crisis. it's often being said that by boy caught seeing trade with russia. the western countries are only opening up new opportunities for asian powers and emerging asian markets. we missed the train. it was really big opportunity for in 9090. we're getting one more time chance to get the mystery. so definitely yes is going to be a very,

very big interest for all nation companies. and let me tell you why not, why not asian companies. you see the economy of india. we are the 3rd world biggest economic we in india, i having a lot of wrong information about russia. one act is not enough vend the western media and the bug window rest. this not one country doing it. so i d, 's only for one russia, right? so if you put the light but down the hall of america, the whole of europe, if you take all the apartment, is there been working very rarely now when we lost the wall before we started? that's all for now, but as peter scott and i be back again at the top of the hour, the latest news and views here on archie international. and of course, we'll be bringing you all the latest from the economic form in st. petersburg throughout the day. ah.