my show is called direct impact, but again, you probably don't want to watch it because it might just change dwayne, think a if there is another search of these hidden sanctions that were experienced last spring, it could lead to famine an rti exclusive. but chairman of the russian union of grain exporters reveals the all my official hurdles, the west is using to block trade in lee, on the sanction bring them fertilizers, market prayers in russian no longer allowed. the latest cracked on, not the revered to picturesque, love that complex in p u. cleaning authorities deal lead orthodox church. another blow. this is through a space of attacks on month on believers at the monastery, on the bbc appeals to twitter, through the government funded media labeled slash dominates profile. despite the

broadcast or receiving their finances from the state to buy that with just after midday. here in moscow, this monday, april, the 10th. my name's union o'neill on your welcome to the news hour when sanctions aren't enough, make it on official. the russian union of grain exporters has told r t that former western partners are using a set of silent restrictions to deter foreign companies from trading russian week on fertilizers, products excluded from function list out always toiled others. we just see that this is a back stage process. when all banks refuse to make payments, all insurance companies refuse to corporate or all ships under certain flag refuse to enter russian ports despite all existing licenses. what kind of private initiative is this? when all this happens on a scale,

those are clearly coordinated actions. and this is confirmed to us in informal conversations that there is a verbal command to do this. of course, no one can confirm it is completely unofficial, but it works very effectively. so if there is another surge of these hidden sanctions that were experienced last spring, a currently to famine. we were on the brink of this last year. as soon as the sanctions weekend, the grain price immediately returned to normal. and it happened as soon as we went public. when we asked these uncomfortable questions, then people who state one position a force to justify their actions as they don't correspond with what they're saying . let's go through this because several global corporations have announced their intention to exit russia's green export industry and stop operations in the country by july operations that range from harvesting to having ships at sea. that's going to leave a domestic boy. but russia's iraq keen, i grew cultural. china is expected to buy art assets,

meaning daily operations in the industry are not expected to be affected as qualified specialists and suppliers will get on with sending food to the world. and russian brain exports and factor increasing growing. it's customer base by a 3rd year on year, including an expansion to the middle east and africa. and as the black sea green deal with ukraine is set to expire, moscow may have to consider if there's a benefit in signing an extension as russia claims western partners aren't holding up their side of the pact, zoom were done personally. personally, we have approached this with a degree of aggravation that we have offered to extend the steals for only 60 days . that is based on the fact that if there is no further progress in removing obstacles against russian fertilizer and grain exports, we will have to consider whether or not we really need this deal. hon. so what's

the alternative? well, it may be to increase trade partnerships with countries such as saudi arabia, algeria, south africa, and get wheat ultimately to nations. most in need. on, while rushes military operation in ukraine is being painted as the main cause of global hunger. western traders involved in the black sea grain deal are reaping benefits. more than 23000000 tons of food exports have left ports there. developed countries have received nearly half of that, but just the point i, it's here, the poorest nations. on the other hand, just 6 percent is what they got. one of the reasons why direct partnerships with consumers may be a better option. according to moscow, in santa doctors, on like a crop computers, actually our own companies have already surpassed foreign ones many times over. and of course, the situation has evolved over the past year. and so we just ready,

we've been faced with attempts to strike us out of the world market to reduce us to 0. but one must understand that russia is responsible for more than 20 percent of supplies on the world, great market. and so these erroring of such a volume would lead to a serious food crisis. those sanctions that they tried to impose on us were an official because grain belongs to the category of humanitarian goods. but the sanctions were imposed by verbal commands by individual officials who were obstructing us in any way possible. but over the past year, we've established direct relationships with our biggest customers. these are the countries of the middle east, north africa. they're the world's largest grain consumers. that is to day, we've created our own unique trading space outside the global one. and this for us, as it turns out, as a much more workable design. prayers in key of sacred picturesque love for a site can only be said now in the ukrainian language. that's the latest

restrictive step from the key have backed orthodox church of ukraine. it follows weeks of arrests and harassment of monks and worshippers of the separate ukrainian orthodox church, which is aligned with them. moscow patriarchy, the nations presidents appeared to turn a blind eye to all that. however, in his easter speech, i sincerely congratulate ukrainians and all christians who are celebrating isa to day. we may have different religions, but we all believe in freedom. this is what religious freedom looks like. key of style monks been evicted from a place they've called home for decades. the authorities being cheered on by people with nazi inspired tattoos and far right insignia. ah, that smell of european freedom. ah.

and here's an ironic twist of fate, which some have called instant karma, according to witness. as doing one of the church trades and man snatched the priest's cross, threw it on the ground. and literally moments later the assailant died. if that's not a silent, i don't know what is. so what is at the heart of the matter, while t of us trying to cleanse its churches from anyone they deem pro russian ban in their os language in its churches and even threatening the leadership of the ukrainian orthodox church, jail time, accusing him of inciting religious hatred and justifying ross and aggression the law and the responsibility for violating it are the same for every one and a cassock is no guarantee of pure intentions. rushes using religion to promote

propaganda and divide ukrainian society. the leader of the monastery metropolitan puzzle has now been placed under house arrest for 2 months here. ready busy i didn't do anything wrong. i know this is a political case because i was told to switch to the key of backed orthodox church of ukraine, but i refused to. i was threatened. the security service of ukraine came to me and said a criminal case should opened against me, and it was, i don't know who planned it. i'm not going to figure out that because it's not my style to sell this. i'm a religious person. so watts if millions still follow him as part of the ukranian orthodox church, not to be confused with the rival church created just 4 years ago, which was named rather confusingly, the orthodox church of ukraine. the government decided to terminate a long held leaks agreements with the old church and throw them out of the key of picturesque lava. the new arrival of church then took over the orthodox christmas service in january,

and now they're conducting east to services there with even the previous ukrainian present bill at the potash and come make an appearance. to no doubt demonstrate his support. and there stand in their frame while ukrainian security forces are harass increased across the country and essentially locked in up the spiritual leader who had been there for years. and this though, the most famous one so far is just one of dozens of criminal cases against priests in the ukrainian orthodox church. here's another example. a priest opens his door and there are those ukrainian security forces once again with accusations of a priest corporates and with russian soldiers and supports in the special military operation. we see orthodox christianity being raped, bullied and mocked. right in front of us. the developed society keeps silent. that's not what they were human rights declarations and reports on religious freedom for there will be better occasions like conferences of symposiums. there

they will talk about high culture. all this, despite the fact that the ukranian orthodox church has denied claims of endorsing so called russian propaganda, the even went as far as to officially caught their ties with russia last year. the church was under the wing of the moscow patriarch it for centuries bots. it made a formal break with the hierarchy in moscow a few months after the special military operation began. but even that wasn't enough for caves, authorities and the purge continues a unique chance when everything could be resolved very quickly and painlessly was during the 1st 3 to 6 months of the wall than it was possible to simply physically clean out. many pro russians today, it's a little more difficult, but again, a little harder does not mean impossible. and today we must use legal and tough means to sweep them away. and here's another plan after the purge, according to ukraine's national security adviser, all the priest that have been detained will be used as the average to secure the

release of captured ukrainian soldiers. and that seems to be okay with the international community this year. and i'm not all citizens aware that the priests of the moscow patrol kate, i've been exchanged for prisoners of war with great pleasure. and there has been more than one such action, little reason. where are all the human rights religious freedom love an act of us now? is this ok? the u. s. has previously sanctioned officials for similar violations, the persecution of religious minorities for example. oh, by the way it's that was china, not at the cranium body. my bad, we've seen the west regularly farm at the mouth over a gay rights gender. i it's more what about religious rights? does that not mean anything any more or only when it comes to ukraine, but it's all falling on the west death ears as no one is making a big deal out of priest. been thrown out and victim rated and persecuted in

ukraine. since they are suspected of having a positive view of russia, i guess they don't deserve human rights coupon. the president. i tell you mister president and all of your gang, our tears won't fall on the ground. they will fall on your head today. you think that by coming to power on our backs on our will, you can treat us like that. god will not forgive you and your family for this deed . because today in these holy moments, 220 brothers are thrown by you onto the street. woe to you be afraid there lot of people interested in this next story that b, b. c has been slapped with a tag of government funded media by twitter. it's provoked an angry response from the british broadcaster which rejects the claim, saying it's the tax peer and not the state that supplying the cash was speaking to twitter to resolve this issue as soon as possible. the bbc is and always has been

independent. we funded by the british public through the license fee. will a baby say is funded by the court license via compulsory charge for each high. so the mounting $259.00 pounds annually. that amount is said by this state though, and the funds 1st find their way into government accounts. and then to the broadcaster, many users took to twitter to give their not of approval to the label, suggesting it's a proper title. bbc whining because twitter correctly applies state funded media designation to its main. a cow. it absolutely, and evidently is state funded and i hope you learn musk insurers, all bbc accounts and presenters have such designations applied. i've always viewed this insistence by many brits that the bbc is not state founded to be weird and arranged. if you on a tv in the u. k, you have to pay for the license. there is no rights to opt out. of course the,

saturate the bbc estate fund it and the license fee is government mandated and the defect household pol, tax b b c made some other headlines itself. recently. one of them relating to trucks are regular, etc. so the indian government choose the broadcaster of their offices, where subsequently searched by tax officials. the channel had earlier released a documentary about indian prime minister and to render moody that was banned in india, with new deli calling it a propaganda piece. the speaker of india's ruling party expanded back then on the situation with our to be doing a lot of asian a while. but i think it has been indulging in, in, in a sense. it's been, you know, what we could call and leave the region of profits and don putting it

all finance to my go about compliance with taxes in this country document which is nice to once. i mean, you know, to boss of the financial finding or should in the next thing that it is getting to some documentary, some reaction on the journalist and editor martin j said public opinion about the bbc won't be greatly affected by twitters decision, as it's already being damaged by accusations of what buys, i'm particularly a number of recent government like scandals will never reach such a low point. and other more and more people are asking why they have to pay the fee a tool. many people at best are asking for the business both to be reject and for it to become commercialized and web, whether people can choose to pay or not, or even as a pay as you go model, you know, it's an a crisis and there is also corruption scandals that a, b, b, c go to now,

you know, the recent appointment of it's of its top shop who was a friend of, or johnson and who actually helped us. johnson, secure a so called loan from a company, canadian businessman to help some of these new lavish lifestyle. you know, the sort of thing to people like who do things like that. prosperous johnson and then become the chief executive officer or the, or the secretary general. the bbc, you know, that's the sort of scandal that people are now beginning to accept as normal at the pbc because corruption is something that is becoming noted by media more and more about the b, b, c. and it's can then it's murky connection with government. so just say that this is going to affect public opinion. i think public opinion is really too low. presently, i don't think it has that much impact at all. ditch the dollar to create more equitable world going forward. not the message from

a shop are really inefficient. as he welcomed a russian delegation to toronto on sunday. the path initiated to reduce the influence of the dollar in region and the national transactions, which many congress had joining will minimize western dominance over the war economy. to round the call comes out. russia under round agreed to expand economic cooperation and increase payments in their national currencies. the rubel and the re out moscow out i did will invest in the rounds steel and oil production, as well as improved direct banking relations to run underline the north of so trade corridor is a key part of its development to not plan will link routes for goods from moscow to india through around bypassing western nations. there are sanctions and other news line today iran her just announced it will host an international event until round to discuss global monetary relations. and again,

d dollarization appears from the center the world monetary and banking system has been dollar centric for the past 78 decades and important markets, especially the energy market, have been based on that currency talks are underway with several countries over ditch in the u. s. d and bilateral trade independent countries are distancing themselves from the dollar and seeking to de dollar eyes their economies to reduce the risk of us sanctions. while iran and russia are far from the only nations walking a di dollarization path t as central bank, recently a non steps to move away from the green backend, push domestic lenders to increase their usage of the national nearer currency china . malaysia, meanwhile, are weighing a potential agent, monetary fund as a counterbalance to the dollar dominated international monetary fund. they move with potentially huge geo political economic consequences. saudi arabia said in

january, it's. ready open to discussing oil trade and currencies other than the dollar. so why is this trend seemingly rapidly escalating? well, the secretary general of the asian mirrors for m. a cooperation grouping between major global cities list the 3 major reasons behind the de evaluation of the dollar over the past 30 years. and why it's coming to ahead. no 1st the the financial aid. and he was the one which many countries, especially you and all the countries where one way or the other connected to the dollar system. the other one was the curb for currency, which was out of the hands of the mary can and again, out of the dollars. and the 3rd one, which i can see that, that the most important one is the use of you not to be a dollar putting sanction on this country in that country,

over and over again. and actually let's say we can say help the country. they the sanction countries to go to are the working together. so you almost sanction washer was sanction graduate and, and trying our thanks to the many, many other and these countries realize that they couldn't work with each other. this find the sanctions and there would be no further be on that. and they don't need actually the us all that to work with each other so that it could be sanctioned. or it could be a lead me by or controlled by was talking things finance after a decade of negative interest rates on grocery store because of the reaction to the pandemic. could ukraine conflict be the issue that tips the global economy into the next great banking crisis, novice discussed in full in just under 10 minutes from now with european economists

done the electrolyte in the latest going underground. we've had a decade of negative negative interest rates that has obliterated the balance sheet of banks and has created an enormous bubble that goes from several bones to crypto currencies. and what's happening right now is the destruction of capital of so many of those investments are loans that were made with the perception of evaluation or perception of a risk that certainly was. ready profoundly optimistic now. who is it that owns ukraine? these is humble, livable sums of money going into prop up that economy. i don't see that any of the the outcomes that we read in the press seem to be the ones that will probably end up happening now. but it's certainly going to be the reconstruction,

the entire reconstruction of the country. and that i would say that the i d m s is going to own and certainly without the i m. s. i don't see it happening. i something else of note today, french president and money will mcchloe has worn europe of becoming a bustle of super powers, such as china and the u. s. or recalls for continental autonomy and not getting involved in conflicts has not stopped brussels from towing. the american policy line in ukraine. here's to take a par, a space, start a contributor. rachel morrison as president emmanuel nicole revealed to journalists on the way back from china, aboard the presidential play. that he apparently had some kind of an epiphany while he was in china. it sounds like he's now saying that europe really doesn't have to ride shotgun alongside washington every time that washington decides to load up the

war, mobiles and speed down the regime change highway. the paradox would be, that's overcome with panic, belief wedges, americans follow us. the caution europeans need to answer. is it a no interest took to the right across on taiwan? no, that was the would be to think that we repeats must be comfortable on this topic. and take al q from the agenda and the chinese overreaction. so mac, all just figured out apparently that france can have a foreign policy that's independent and not aligned with either the east or the west. not sure how we managed to miss that lesson earlier since michael claims to be a big admirer of former french president shot the girl who kept france. other nato filled the relationship with moscow and kicked the americans out of france when they wanted to stick around indefinitely. after the 2nd world war like they have in germany, it's just that macklin didn't have that lesson at top of mind prior to the ukraine conflict popping off. he may been able to convince his european counterparts not to

jump off an economic cliff at harm their own energy supply in industry. just because the u. s. wanted them to mistakenly buying into this idea that it would bring the russian economy to its knees as branch economy, minister, pulling all the mass, said mac, who said that european nations should also reduce their dependence on the quote extra territoriality of the u. s. dollar. and avoid becoming, quote, vassals, macros, new found concern about us economic overreach might have something to do with the potentially devastating impact on your of, of biden's inflation reduction acts particularly on european industry. as mckelvey lately begged us lawmakers to recognise during his visit to washington last december, excuse if assisted young in law is what has happened and written mom says a challenge for us, because we're starting to how differences and annotations and the cost of the war in ukraine is not the same in europe and in the united states, but most importantly,

the choices that have been made for which i shall goes. in particular, the inflation reduction act on the chips act. i chose that will split the west novels renewed interest in french strategic autonomy might also have something to do with the fact that china sent him off with a really nice party gift of a massive new deal. beijing has agreed to buy a 160 new commercial aircraft from the french, headquartered european aerospace conglomerate air bus, whose chinese production is also now set to dabble with a 2nd assembly line in change in that also who's airbus ahead of it's american rival, bowie in china and gives europe a major new advantage in that fierce economic competitive do awfully. which is really just an extension of u. s. and european interest since boeing and airbus is so economically critical. so heading home with this new yet from china for the french economy at a time when the us side has given europe a string of headaches and empty promises. it's not hard to imagine why michael

might suddenly be singing the praises of keeping his geopolitical dating options open. well, we'll see what comes from that. and also this late night peace talks on sunday, rolled into monday morning, as delegations from saudi arabia and oma met with who t rebels in e. m a. now it comes on the heels of reconciliation between long time rival, saudi, under rum, in a deal broken by china. let's go through that. the conflict in yemen has been raging for the better part of a decade with saudi bled forces, leading a fight against the who to group, which is supported by to rum. not early report say the talks are focused on a ceasefire. an end to the ur london, c. blockade of the country with plans also put forward on ways to rebuild the war termination. just to point out, steps of mediation had already been underway with a recent prisoner swap conducted between the sides. now the war erupt in 2014,

when an uprising, bi hootie rebels, topple the government, which then escalated into a broader conflict between the movement and the saudi led coalition. while china's diplomatic efforts, which saw saudi arabia under round restore ties boosted hopes of a last thing, resolution to the conflict in yemen. more than 23000000 people are estimated to need immediate monitoring assistance in the western asian country. local journalist use of murray has more now in the recent develop we have to recognize that saudi arabia is taking this initiative to come to yemen. something which they have never done. i think saudi arabia is starting to see the downward trajectory that the u. s . and western powers are heading, and i think that, you know, they're sort of on this cross path where they are being forced to jump off the sinking western hedge

a monic ship that they have relied on. we have to keep in mind that from on saudi arabia, the u. e. they all have us and western military bases in their own nations. they are part of the western forest to implement western policy in the entire region. you know, this initiative that they're taken is geared at establishing better partnerships, not just in yemen, but throughout the region with also iran. you know, thanks to the china brokered agreement that they assigned to 3 weeks ago. right. so i think saudi arabia is on a precipice where they are forced to jump off the ship of western colonialism. okay, i promise time this monday night for a visit to the going underground studio with them today. option and guest european economist done the electron discuss whether the next predicted biking prices could make 2008. don't turn look like just

a slightly at the office. the the what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is often very dramatic. developments only personally, i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and ah ah, i'm after that and see and welcome back to going underground. will gusting all

round the world from dubai in the u. e. this week we're asking, is it really all doom and gloom for the global economy? nature, nation media appeared shock, went shocked when opec plus suddenly announced the slashing of oil production and stock contrast to the begging of abiding administration that's only just had to bail out the 2nd was bank failure in u. s. history. joining me today to make sense of it all from the form of financials, enter the world. london is professor daniel the collier chief economist at the spanish wealth management fun trespass, and he's been ranked as one of the top 20 most influential economists in the world . thank you so much shy, daniel for a coming on forget to se b as a good valley, a bank. what about credit suisse? because the donation media, commentators seem desperate to say, look, this is nothing like 20 o 8 and then we have pizza shifts here of euro, pacific capital, who i think, you know, saying isn't going to get better, is going to be worse than 2008 and we must remember that the numbers of hundreds of thousands of excess deaths that the 20 o 8 crisis.