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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.

The Ukraine invasion is forcing the European Union to completely rethink its energy policy. Tamasin Ford asks how easily the continent could wean itself off Russian fossil fuels. After all, Europe's oil and gas purchases from Russia helped to fund this war in the first place, according to Kristine Berzina of the German Marshall Fund in Washington DC. The immediate task is to slash dependence on Russian gas before winter returns in nine months, and Simone Tagliapietra of Brussels-based think tank Bruegel says that is doable. However, it's a much tougher task to stop Russian oil exports, according to Jason Bordoff of Columbia University, given that oil - unlike gas - is an integrated global market with many buyers. Nonetheless, there is optimism that the invasion mark a turning point in the Western world's transition to carbon-free energy. Although Rosie Rogers of Greenpeace fears that in the short term, the scramble to turn off the gas pipelines could actually see European carbon emissions increase.Producer: Laurence Knight(Picture: Frozen gas pipeline valve; Credit: Getty Images)

How the conflict in Ukraine is playing out in cyberspace. With the conflict in Ukraine still raging following Russia’s invasion Ed Butler speaks to hackers from Ukraine including Vlad Styran of Berezha Security Group, one of the people tasked with fending off digital attacks on Ukraine. Dyma Budorin, CEO of cybersecurity firm Hacken.IO, tells Ed he left the country before the current conflict broke out, to carry out a programme of “offensive operations” against Russian targets. Chester Wisniewski of internet security firm Sophos says the Russian intelligence services occasionally work with existing groups of hackers to carry out targeted attacks. And Lennart Maschmeyer of the Center for Security Studies in Zurich explains why he thinks some people are overestimating the Russian state’s cyberwarfare capabilities.(Photo: How the conflict in Ukraine could play out in cyberspace; Credit: Getty Images)