what should the world bank do to protect this and build the world -- and build the long-term result? >> thank you, secretary ellen. it is good to be here with you. russia's invasion of ukraine has triggered major threats to global food and security. there has been a pronounced spike in the food staples that include wheat and wheat substitutes. in the future harvests may be reduced due to higher energy and fertilizer prices. crop yields all over the world depend on fertilizer and the price of oil and natural gas. food and nutrition insecurity were already happening. they include -- they include growing demand, supply chain disruptions. climate change impacts. there is a rise in fragility and conflict. the deepening of the crisis in the last two months is directly related to the war in russia and ukraine and also the cost in terms of shipping. i have seen some data. we have a deepening of the crisis here. the world bank food crisis and dexter an all-time high. rising 11.5% in march. that is a year on and increase. fertilizer prices surged 20% in march since january. the cost of urea ha

including the imf and world banks. we are all here this week because we believe in the principles these institutions represent. a critical role of economic cooperation will play in creating prosperity. in the last few weeks we have seen criticism from some quarters with sanctions facing responses to the international economy. by demonstrating the stark consequences of isolation from this system we are encouraging our adversaries to celebrate their efforts. my takeaway is the opposite, we have shown not only how indispensable this system is, and how costly it is to be excluded from it. but also, the futility of trying to avoid it. russia's efforts to insulate itself from sanctions have failed because of the strength of the financial system we have collectively built. like our predecessors, who built the system during a moment of global conflict and crisis, now is the time to double down on our investments in the shared financial architecture. promoting shared prosperity and holding rogue actors accountable. let me concl

being able to address the challenges we face using institutions like the imf, the world bank, that wecreated after world war ii is going to be essential to keeping this coalition together. showing that we cannot only use the coalition to go after a rogue actor, but also use the coalition to promote prosperity in our countries and around the world. that is a key piece of our efforts to demonstrate to this coalition the importance of the system we have created, and the importance of us working together to hold russia accountable for violating the rules, norms and values of the system that we have created. >> thank you very much, wally, there are several issues you raised that i also would like to ask you for more on. starting with the issue of hunger and energy prices, food prices and energy prices in the developing world. i will say that for all of the good intentions, the g7 did not do very well by the developing world in terms of covid, vaccine provision, and medical aid and supplies, and so far at least as people at the world bank and the imf have pointed out. it does not seem to be

the world bank. for example, if you go through the main points of the world bank's forecast, we say that sometime in 2020, ukraine's gdp should fall by about 45 percent, this is the figure which often uh, it is in the media, and in principle i partially agree with this figure, partially no, because in principle it will depend very much on how it will continue its number on what scale and so on therefore, i am still more optimistic us clubs that, after all, the gdp in ukraine will be somewhere at the level, it will fall somewhere at the level of 35%, but again, the world bank gives an estimate of 45%." well, these are the second element of the world bank's forecast, the third element is that, after all, and the world economy will collapse because we ourselves understand ukraine is a very serious player in the grain market, the oil market, that is, the agricultural industry, and of course this will entail quite a lot of problems, even today we already have all the people. markets that were, our site is

we have been very supportive of the work that the world bank did to look into the world bank and the business report. -- mr. hill: thank you, madam chair. i'm going to send over a letter requesting an investigation. ms. waters: without erm objection. we will hear from the gentleman from colorado, mr. perlmutter. mr. perlmutter: madam secretary, good to see you. i want to give you the state of play of state banking and you and i have had many conversations about this. but i want you to understand where it is and put the muscle of the administration behind getting it past. we passed it now out of the house six times. most recently, it was amended onto the america competes act. the way we passed it has been with sizeable, bipartisan majorities. when it was a stand alone we passed it 321-121. [indiscernible] mr. perlmutter: hay, al, you need to mute. and it gets to the senate and gets stuck and senator crapo too bit, too broad and senator broad is the chair of the committee, too limited, too narrow. people are getting killed. "seattle times" three people were killed. a robber, police off

the world hang bank has also hosted a multi [inaudible] trust fund. it's got three systems 20, it can help countries strengthen their food systems to reach short and long and short term goals both. another tragedy unfolding in the ukraine must not become compounded by another tragedy, a global food crisis. to prevent it requires speed, supplied has been, market access, and close coordination. so you can count on us to work with partners, all of you and partners around the world, to help the people of developing countries and i look forward to hearing the outcome of today's technical discussions that you mention. thank you, alexa. >> thank you so much, president malpass. the data is alarming. and low income and low income country challenge and market access appointment secretary yellen also emphasized. thank you so much. i have [inaudible] kristalina georgieva and i would like to turn to you to. empty georgieva, what are you seeing in terms of the macro impacts of the war, and what can the imf do to help countries protect the most food insecure populat

terms of covid and vaccine provisions and medical aid and supplies, and so far, as people of the world bank and the imf pointed out, no one seems to be mobilized about the potential food shortages and disruptions of the developing world. we know the real-life fact that parts of north africa are very dependent on ukrainian wheat and it is hard to substitute for that in the short term. secretary yellen had mentioned these things but i do not get the sense that they are at the top of the g20 or g7 agenda. it is easy for me to raise this, but it has to be raised. what will the coalition do for hungry people and people laughing vaccinations in the developing world since not much has been done yet? >> let me start by acknowledging that you are right. ukraine is the breadbasket for womb and much of north africa and the middle east. and the reason that people are worried about shipments being unable to get out of ukraine is because of russia's invasion. it is important for those people in those countries to realize that you cannot sit on the sidelines because what russia is doing to ukraine not onl

we have been very supportive of the work that the world bank did to look into the world bank doing business report. >> thank you, madam chair, i'm going to send to our oversight. madam chair, a letter requesting an investigation into the director of the imf. thank you. >> without objection, such as the owner, thank you. we will now hear from the gentleman from colorado. >> thank you, madam chair. madam secretary, good to see you. i want to give you the state of play of safe banking, which is the cannabis in banking. you and i have had many conversations about this but i want you to understand where it is, and to put the muscle of the administration behind getting it passed. we have passed it out of the house now six times. most recently it was amended onto the america competes act. the way we have passed it has been with sizeable bipartisan majorities, when it was a stand-alone we passed 321 to 101. >> [inaudible] >> hey, i'll, you need to mute. it gets to the center and gets stuck. when the senator -- chaired the committee from the republicans in point of view it was too vague and too broa

will lead to huge price increases on commodities ranging from natural gas to wheat and cotton, a world bank senior economist and co-author of this report told the bbc. peter olegov household around the world will feel the crisis of the cost of living the era of cheap living is over warns readers high-profile headline in the british calculating where and how much more expensive the author of the article concludes that prices are rising across the continent and the government fears that this growth will be irreversible, but it seems even before the cheap ends and the sweet life, after all, chocolate confectionery factories around the world are threatened with almost a complete stop . a composition that would not include palm oil, unloved by the people of the whole world, but starting this week , indonesia, one of the world's main suppliers of pale oil, has banned the export of this product due to inflation and shortages, and it is possible that soon this unfavorable for fans of a healthy lifestyle product. it can become something like black caviar, that is, an unaffordable luxury. how and why

i m f and world bank war. many countries are at risk of distress. they're calling urgent action. so who should put the bill? and paul's dwindling foreign currency reserves. the government limits imports and tends to citizens abroad to shore up in cash stockpile the himalayan nation heading for an economic crisis. ah, it's been a volatile deal hands if it goes through. it would be one of the largest leveraged buyouts on record tis the basic c o. l on mosque has agreed to acquired twitter for $44000000000.00. i could potentially add a new job. his resume, new age, media baron, given millions of uses, rely on twitter for their news. and they might get some of the platforms, content restrictions, relaxed mosques, as he wants to promote free speech. but what does that mean in practice? as well as on the reports from new york, the deal is done the month long saga of who will own twitter appears over in one of the largest and most unusual tech acquisitions ever. the board of directors at twitter unanimously agreed to sell the social media company to eli musk for $44000000000.00. up unti

resources some resources will cost a lot, it will cost a lot, but there is a wonderful forecast of the world bank. e that world oil prices should rise by 50% this year, 50% - this means that the average annual price should be $ 120 per barrel, food by 40%, although it is clear that food will grow already, well, not by 40%, but by at least 60%. well, industrial goods there by 20% and interestingly today the world bank made a forecast that fertilizers should grow by 70%. and i think with a 70% forecast, just uh. the cost of fertilizers on the market, we can safely expect a sharp increase in food prices, what is the problem in europe is that here, commodity prices to consumers, they risk growing ahead of the world and setting this trend, since the european union, imposing sanctions against us already quite a few sanctions on the russian economy, imposing on our financial systems, especially e, found itself at the forefront of the economic war. it was quite rightly said in the first part of the program that rhetoric and politics. uh, brussels and washington, they are identical. well, at least the rhe

world bank international monetary fund. these organizations speak with one voice about the detrimental impact of unilateral restrictive measures and ends on international food security back in november 2021, the world bank reported on the negative effects of the negative consequences of the sanctions imposed by the eu, the united kingdom and canada on belarusian knee fertilizers. president of the republic of belarus alexander lukashenko has repeatedly warned the world community about the perniciousness of the imposition of sanctions against the belarusian potash industry and food products. these warnings of the head of the belarusian state, we conveyed to our time and before the un general assembly and before the security council. the authors of such sanctions were not ready to listen, and then they don't listen. today, no international institutions are experts or representatives of countries where hunger and malnutrition threaten the survival of entire nations as a result, as the world bank states. the 2022 mario farm pric

we are continuing negotiations with the imf and the world bank to launch new programs and projects to support ukraine. the main roads in the kyiv region have been cleared of mines. he also clarified that electricity was restored in the territories of the region liberated from the russian occupiers, and they did it faster than planned, electricity supply was restored for 100% of the kyiv region, the work lasted 45 days instead of the planned 60 , more than 1,000 workers from different regions of ukraine were involved in the restoration work, power was restored to more than 260,000 consumers, arrivals and explosions, such were the daily lives of shuttered families in the kherson region, due to russian attacks, the family could not leave from the village and when there was a chance, they ran away under shelling, now the displaced people live in zhytomyr, how did they get out of hell and what do they dream about the most, our colleagues iryna krylovych told oksana in her arms the two-year-old son is standing next to the older man and the mother of the woman to zhytomyr, they fled from che

world. that's almost come to a standstill. is there much that the bankmportant sector get back up and running? so, you're right. first of all, this is a key issue, and it's a big source of concern for a number of countries. the second point is that we are trying to help as much as we can in ukraine, supporting, for example, agri business to finance the campaign, buying fertilisers, buying oil to get the system functioning. however, one big hurdle and on which it's very difficult to find the appropriate response is logistics because of the situation in the port in ukraine. exports, i mean, logistics means to export the wheat and so forth are very limited. there is no ships. and so if you take the train, it's much, i mean, the capacity i understand using the railway system, it would take three years to get one one year of wheat out of the country rather than using the boat because it's much smaller and so forth. so this is a huge problem. and up to now, i mean, very difficult to find a solution. and the other thing we are trying to do is to help in other c

to russia's war in ukraine the world is threatened by a global decline in economic activity the world banks this according to the words of its head david mal-pas the prices of food, energy and fertilizers will rise, and how to avoid a recession in the economy is still difficult to understand , because the german economy, the fourth largest in the world, has slowed down significantly due to the increase in energy prices, and the reduction of fertilizer production may worsen conditions in other countries, while the economies of ukraine and russia expects a sharp drop, adding that last month, the world bank reduced its forecast of global economic growth for this year by almost a whole percent. also, because of the war that russia unleashed against ukraine, the metropolitan of epiphany of the church of ukraine called on the ecumenical patriarchate to dethrone the head of the russian orthodox church, kirill kyrylov, as a co-creator and propagandist of the russian world, should be condemned if he does not renounce this heresy and does not show the fruits of repentance on the eve of the ecumenica

by the world bank. they have already issued tens of billions of dollars worth of bonds in order they say to re direct finance to serve the environment. what is the guarantee that this so called green finance benefit plan and the likelihood that banks traders ha, will be developing the hardware and software of this new market in a way that benefits them rather than benefits. nature will be the same as was the case in the financial crisis, 20082009. these financial derivatives, financial products that were being traded very rapidly. we're not helping house owners to safely finance their home. no, they were developed and used to increase the profits that backs could make. this is where the financial crisis started. the banks played on the dream of owning your own home. in the usa, they used the promise of the solution to live modest households with precarious finances. once the families were no longer able to repay their loans, the house of cards collapsed, leading to the subprime crisis that made millions

the world bank on the international monetary fund say that's putting more pressure on the poorest nations who face what they say is a huge build up of death. at least a dozen countries might not be able to pay back billions of dollars owed to lenders over the next year. well, financial institutions calling for urgent action to find solutions. at a $74.00 low income nation, we'll have to repay an estimated $35000000000.00 to official bilateral and private sector lenders. this year. government debts and low income countries are expected to exceed 50 percent of gross domestic product. from less than 44 percent and 2019, before the pandemic started, almost 60 percent of all low income countries are in or near debt distress. which means they need to restructure. they weren't risk of needing to do so. and it re, payments are estimated to be up 45 percent and just the last 2 years the i m f says china's share of external debts owed by the 73, highly indebted. poor nations, jumped to 18 percent in 2020 from 2 percent. 2006 for nations will pay china and its land is almost 14000000000 dollars this

from world bank economists to president, rodrigo chavez has sworn in as costa rica as new leader. promising to tackle the cost of living ukraine's president has confirmed 60 people had been killed at a school that's been hit by russian bombs. at least 90 civilians were sheltering in the building in lou hans when it was hit. in mary paul, the last of the civilians in the besieged as of stall plant have now been moved to safety. laura burden manley reports this is what's left to the school in ethan ukraine's land screeching, smoldering debris and utter destruction. russian forces targeted the building which reportedly had nearly all the people from the village of belloc rifka, hiding in fight. richard, they ships taking into account that it was an air strike and not a simple artillery shalayna. when the explosion happened, the temperature was extreme. certainly, our emergency workers would be clearing the debris with maximum speed, but there is only a very slim chance that anyone survived. not break like my old wall mocking victory day in europe, ukraine's president not him is zalinski, says

we entered there and wanted it. the international monetary fund, the world bank, all worked on theseoon as on these conditions, according to the western rules of the game, countries began to appear that function better in these areas. these are the very centers that will form a multipolar world. this is china and india's other major powers. immediately the west decided to rewrite the conditions. it's like we say, uh, move the gate in the middle of a football match. something like this, but, nevertheless, the objective trend does not disappear anywhere. she is only the trend is getting stronger is to strengthen the very multipolarity, since new centers are objectively appearing, new centers of economic growth of financial power have already appeared. with this, of course, comes the political influence china india brazil south africa is the brix countries, by the way, which are in the group of 20, where the seven and brix are represented and other countries that are still closer to the brix. uh, this is such a format where the west is forced to talk, and with the new centers of world g

the rise of the former world bank official has surprised many. he emerged from the shadows to the presidency after serving only 8 months as finance minister in the previous administration. he brought a popular streak to they usually subdued costa rican presidential campaign. exploiting a growing resentment against traditional parties and peoples worries of writing, unemployment crime, and the cost of living in costa rican politics. we are now in a new era total will be highly toward one of the big changes in terms of support. and also political parties are weak and they're like total bases are small. since clinton victory, though travis has shown a more traditionally conservative side, promising to keep public finances, solvent, and reducing expectations on immediate major increases on social spending. observers, faye, you will face an uphill battle m, m, increasingly disillusioned public. his party will have only 10 of costa rica, 57 congressional seats, meaning you will have to reach agreements with a more traditional parties. there are 2 quest

activity many countries may face a recession this year, such a disappointing forecast is given by world bank president david malpos clarified the depth of the recession will depend on the duration of the conflict in ukraine, as well as on the prospects for creating new supply chains in the world india following wheat and sugar, rice export restrictions may lead, bloomberg informs, the share of this country accounts for 40% world exports, the authors note against the background of already existing food problems. such a decision could lead to further famine and increase inflationary risks. in contrast to wheat and corn, the price of rice, which has risen sharply, is still low due to abundant production and available stocks. but if india decides to restrict exports. this could be devastating to the global food supply. security of 300 billion dollars and about 300 projects, such figures are estimated by the potential of import substitution for of the eurasian economic union and these are only official applications from eais manufacturers, a special import substitution map has been created for th

i know that ukraine has already gone part of the way in the world bank regarding the use of mega tools - this is an institution of the world bank group, which is actually engaged in the insurance of military risks and war risks . ukraine is not the first country since the ee-e period of time. when all this was created, this whole system of international financial organizations where there is a war accordingly, there is a special instrument even developed for palestine, where there are also constant threats, and accordingly, we need to receive , in particular, a part of this funding for reconstruction in order to insure domestic and foreign investments in the ukrainian economy, because, well, again , we ourselves deliver this message to our e to our international audience that russia is a strong enemy that they have a fundamental principled rejection of the existence of ukraine as an independent independent state, respectively if we report this message. of course, now the whole world will read about ukraine, in particular business leaders, they understand that if the current regime is p

kind of interpretation in the questionnaire, because i am quoting the latest information from the world bank there. a week ago, 10 days ago, they gave a macroeconomic forecast and here they are predict that the number of poor people in ukraine as a result of the war will increase by four times. well, the share of the poor population in the 22nd year is almost 4 times, that is, by the end of the year, the share of the poor may reach 70% population according to the standards of the world bank compared to the pre-war period, 18% is reported in recent reports on the impact of the war in ukraine on the economy of the countries of europe and central asia. please, this is the most common indicators for me. if we delve into specific indicators. such laws were not asked in each sphere, for example, in the economic sphere, because, well, resources are simply limited in the polls, indeed, we all expect deterioration in certain spheres, but here it's about how we see our future in general . not in two months, let's say not in a year. in general, first of all, expectations about how the war will end play

is approximately 1% ukrainian gdp and we're suffering and losing 40%, 50% of gdp including the world bankort, from the war. we will do what it takes. we are happy and ready to stop and enforce the embargo. this one is significant -- insignificant and should not be compared relative to the lives that are lost in the cause of the war. nermeen: you said earlier that germany has given up on the prospect of diplomacy with russia. why that? finally, may 9. what do you expect to happen on victory day in russia? what steps might russia take that? >> there are different cultures -- the west is trying to build the future of prosperous and free economies and societies. rsus russia has become, unfortunately, for the world, in essence a collector of land. it is hard to have a diplomatic solution if very different objectives and you're not understanding each other. have different perspectives in what the value of the future is. i think russia -- germany has come to realize that russia is simply thinking differently about what diplomacy is. diplacy for russia is about kind of creating a narrative which

reconstruction and development or the international financial corporation, which is part of the world bankordingly, they have experience of already working with companies, they have experience of working with business, they are in principle. this procedure has been worked out, so i am more than convinced that if western partners do not trust our banks despite the fact that your banks work completely inadequately, if we trust ours, then there are international institutions such as the international financial corporation of the world bank, such as the hebrews, who absolutely can quickly give support money to our farmers. thank you for the last , i just wanted to briefly clarify what the situation is with diesel fuel and the rest of the fuel and lubricant materials of our farmers, yes, because there is a problem. well, the civilian population in general ukraine has felt extremely strongly when we are, and especially now the completion of spring field work in the north of our region, chernihiv , sumy, kyiv, and so on, there are indeed problems with delivery and logistics. i'm not talking about

may face a recession this year, such a disappointing forecast is given by the president of the world bank. david malphos specified the depth of the recession will depend on the duration of the conflict in ukraine, as well as on the prospects for creating new supply chains in the world. according to the survey, more than half of american citizens felt the deterioration of their financial well-being against forty-eight percent. last month, the survey was conducted by harvard university in conjunction with the research service. haris, yes, and us gasoline prices renewed record of $4.59 per gallon in texas and fuel at gas stations for more than a week. just not once a week. i'm trying to get to the gas station to buy something, but they don't have gas, there are employees working inside. however, there is a sign on the door that we are closed. wherein a year ago, the cost of gasoline in the us was at $ 3 per gallon in recent weeks, fuel prices regularly update records. and in california, gasoline is the most expensive at over $6 a gallon. today seven poland adopted a law on the supreme court.

the treaty broke it by the world bank allows both countries to use the water of the induce river system. the 2 gun groups because of historic problems and i'm also diminished military, could never agree on journal manager them all. it was considered live african partition should take place. pakistan retains the exclusive usage rights for the 3 western rivers induce jail em and chin up while india holds the rights to the 3 eastern rivers ravi bes and saint luke. the ongoing conflict between the 2 nuclear powers over cash. mia is yet another challenge to upholding the water treaty. since coming to power indian prime minister modi's hindu nationalist party b, j. p has further escalated the situation. mowdy wants to build dams that would block the flow of water into pakistan. once more, the induced river has become a flash point with the threat of nuclear war as a worst case scenario. because of pakistan's dry climate, about 90 percent of its agricultural relies on irrigation. you're going to have marcus, lagging revealing riff lark. so when you receive less wardrobe, lambda supplier. so th

he previously led the faith initiative at the world bank group. served as vice president of advocacy for world. vision usa was co-founder and executive executive director of global justice. and was selected as a white house fellow under the obama administration. a graduate of emory university receiving a ba and international studies. he earned his master's degree in public policy at the harvard. university kennedy school of government and a master's degree at the samuel dewitt proctor school of theology. reverend taylor as ordained in the american baptist church and the progressive national convention and serves that the historic alfred street baptist church in alexandria, virginia the author of several articles and publications including two books mobilizing. hope faith inspired activism for a post-civil rights generation and his recent book that we are talking about today a more perfect union a new vision. for building the beloved community please join me in welcoming driver. theodore or r johnson theodore roosevelt johnson goes by ted. he is a s

. >> reporter: the world bank warns for every one percent foot rises, the war in ukraine endangering le's lives far beyond the combat zone. ryu frank, nhk world. >> all right, let's have a look at the markets. from the newsline biz team in tokyo, i am gene otani, thank you very much for being with us. q

and now able to do it and give you protection from china and the american-controlled world bank promise sri lanka 600 million dollars for the purchase of imported goods, if only not to accept the offer of china to save it from default. yes, the balance is similar to colonial dependence, which is probably why the saudi principles understand that it is close their turn to be punished for the desire to build sovereignty and choosing us and china as a priority restored relations with erdogan, who came to negotiate friendship and trade, the princes are clearly building their balance, knowing that senate ready to consider anti-custodial lawsuit law for refusing to boost booty bill not could take almost 25 years and a knapsack, they acted easier and already, damn it, announces, and did not reduce the time for obtaining weapons-grade uranium at times, he clearly declares this specifically for europeans, who really hoped that there would be a nuclear deal and i would not be able to buy from iran no , but gave already declared peace on the threshold of a new order and announced after the visit of

with the world bank door, germany has set aside nearly half a 1000000000 euros. yada oval broadcasted globe. it rings out the global to the crisis is a major risk for poor countries in asia and africa. so really difficult time for african countries because it's like it's gotten them offside countries a more did because of it. countries are struggling with the plymouth tuned. and 105000000 people got hungry. the cause of good group globally, a little those 30 percent of those enough rica, another additional $100000000.00 people is afflicted to go hungry. so this could be really serious. and now, as the world's most powerful players leave davos, the focus will turn to putting the plans and promises they've discussed into motion . let's bring up to speed now with some of the other stories making news around the world. the un security council has again failed to impose tough new sanctions on north korea. the resolution vetoed by china and russia was put forward by the united states in response to pyongyang, latest round of inter continental missile test. the palestinian authority says inv

right now, entities like the world bank and the imf cannot support sri lankans and fiscal and externalbility's we are seeing. once we get to an agreement, the key hope for us is that we do have that availability to go to lenders like the world bank to seek further assistance, which is one of the main constraints. in the other thing is, even though the sri lankan economy is small, the positive ic is that once the imf does come in place, and it materializes, that would ease a lot of pressure we are seeing, but what will sri lanka do until the imf deal comes through? rishaad: what are you predicting in terms of economic growth or economic contraction? the currency has been hit so hard. >> yes, so far we expect at least 2% to 3%. in the positive that we see is that the central bank taken over has been showing some very positive sign in terms of quality action. in a way it has really gone. it reached much higher in is settling down again because of some of the political measures the central bank has taken. the dollar flows through for imports, for example. so you will see a gradual inflow i

mark: the president of the world bank has sent out a warning the war in ukraine could trigger globalt in many countries. for instance, in europe, germany where the economy has slowed down significantly. joseph: in trying to tempt consumers, on sale sides are being displayed in windows in munich. since the start of the war, germans are buying fewer nonessential products. the economic slowdown is being felt more in germany than anywhere else in europe. inflation is now 7% for the month of march, which has not been seen for 30 years. >> despite the lifting of health restrictions, the war in ukraine is having an impact on consumer choices. joseph: the war in ukraine has had three main consequences on the economy -- a rise in the price of food, a rise in energy prices, and a shortage of fertilizer, of which kyiv and moscow are two key exporters. a slowdown is being felt in europe, china, and the united states. >> the central banks, particularly in the u.s., eurozone, and britain, face a most terrible dilemma because inflation is going up very high now. it is forecast to be 10%. in the eur