depending on the russian car part exports for more days, we can go live now to richard verna, professor banking and finance on the mon ford university. welcome to the program. every now because manufacturing sector is clearly a huge employer and a big money maker in europe. what's the impact, do you think the sanction to having back in the you the ones that have been imposed on russia? yes. well the impact is significant. it is very, very large. germany, of course, europe's largest economy is actually particularly badly affected, as it is now hitting very directly the automobile industry before we really have seen the development of the emergent energy crisis. and that even that was, is also still going to get much worse. and you need energy to run your industry. germany has been relying on russia and it should have adopted a more consistent policy and not shut russia out when it is quite clear that it needs energy. but now the automobile industry is, is coming to a standstill. in the coming week, we will see major manufacturers sold to, i'm a, b, m, w, stopping production in b m, w in

careful not to let the measures damage europe more than moscow. banking and finance. professor richard verna is the situation with spiraling fuel prices may become even worse since europe severing all of its economic ties with russia as punishment for its war. the energy that europe needs comes to a significant extent from russia. europe has more or less been forced under us pressure to, to should. it's not just in the foot and maybe amputate a leg or something. we've now seen ready a supply of diesel fuels in austria in germany warning that there will be rationally, literally rationing because it won't be enough. it's not just a question of price anymore. it's a question of quantity. there is not going to be enough to blow back, is going to be, well, it is already visible and it's significant that is only going to increase in the global outrage. it rushes offensive in ukraine as see not just russian culture council throughout the world, but it's sport to. a vast majority of russian athletes have been suspended or restricted from key international events, and with no exception be made for th