Business Weekly
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 5 March 2022
⏱️ 51 minutes
🧾️ Download transcript
Summary
On Business Weekly this week, as the fighting in parts of Ukraine intensified, a suite of sanctions has been levied on Russia, cutting off the country from the inter-bank messaging system Swift and restricting access to the foreign reserves Russia holds in the West’s central banks. Many large international companies are scaling down their businesses in Russia, including the oil giants BP and Shell. The global shipping giant Maersk is stopping its ships from docking at Russian ports. Chris Weafer, chief executive of Macro Advisory and a 24-year resident of Moscow tells us what life is like for ordinary Russians. Meanwhile, author and journalist Oliver Bullough tell us how badly the oligarchs will be hit by the sanctions. We also look at the impact of the conflict on Russian and Ukrainian grain exports, particularly for countries in Africa and Southeast Asia that already suffer from food insecurity. And we hear about the parallel cyberwar that’s taking place to the one on the ground. Hundreds of thousands of hackers are thought to have signed up to an online army to target Russian banks and institutions. Plus, we analyse Russia’s relationship with Africa. Steven Gruzd from the South African Institute of International Affairs in Johannesburg tells us about the extent of Russian military and economic influence in Africa, and how that influence goes some way to explain why so many countries in the region did not to lend their support to the UN draft resolution condemning Russia’s aggression Ukraine. Business Weekly is presented by Matthew Davies and produced by Philippa Goodrich.
Transcript
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| 0:00.0 | Hello and welcome to Business Weekly. I'm Matthew Davis. On the program this week, |
| 0:10.9 | we'll hear about the growing army of hackers taking on Russia in the cybers space. And we'll look at |
| 0:17.4 | the complex and long-standing relationships some African countries have with Moscow. But we'll look at the complex and long-standing relationships some African countries have with Moscow. |
| 0:23.8 | But we'll focus the first half of the program on the direct impact of Russia's invasion of Ukraine |
| 0:30.4 | and the Western world's sweeping response. |
| 0:44.2 | Missile strikes, paratroopers and lines of tanks. |
| 0:47.7 | We are on the ground in Ukraine as Russia attacks. |
| 0:53.0 | The Russian column that has come down here has been absolutely hammered. |
| 0:59.7 | Trucks and armoured vehicles reduced to twisted metal as Ukrainian forces dig in. |
| 1:07.5 | Outgunned and outmanned, but Ukrainian forces are still putting up a valiant fight for their sovereign nation as Russian troops attacked from land, sea, and air, threatening to take... |
| 1:12.3 | Russia has stepped up its bombardment of key Ukrainian cities. |
| 1:16.3 | Kharkiv has been attacked day and night with reports that Russian paratroopers have been used. |
| 1:21.6 | A quiet city street turned into fire and rubble. |
| 1:27.1 | The Ukrainian interior... |
| 1:28.3 | Russian forces are pushing deeper into Ukraine. Resistance has reportedly been fierce, |
| 1:34.0 | and in some places the fighting street to street. |
| 1:37.5 | But Russia's forces... |
| 1:38.3 | The United States, the European Union and other Western nations have imposed various sanctions on Moscow. We'll get onto the |
| 1:46.4 | sanctions issue in a moment. But first, over the past 10 days, we've been hearing from Ukrainians |
| 1:52.4 | in the country's second largest city, Kharkiv. It's in the east of Ukraine, not far from the |
| 1:58.8 | Russian border, and it's home to Ukraine's information |
| 2:02.4 | technology industry, the country's Silicon Valley. We've been following Oleg |
... |
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