A race is on to spot and catch some of the world's biggest and most dazzling yachts owned by Russian oligarchs with ties to President Vladimir Putin in retaliation for the Kremlin's invasion of Ukraine. Several of these multi-million dollar floating assets have been seized by US and European governments. But it's proving difficult to track the vessels, and then there is the issue of what to do with them, often with crew of up to 60 personnel on board. Ed Butler talks to sanctions lawyer Nigel Kushner of WLegal, Alex Finley, writer, former CIA officer and superyacht watcher, Graham Barrow a veteran money-laundering expert and journalist Jack Hogan of Superyacht News.

(Image:Luxury yachts and motor cruisers moored in Port Vell, Barcelona, Catalunya, Spain, Credit: Getty Images)

Today to mark International Women’s Day we are hearing the story of one woman in Ukraine, as her professional and personal life is turned upside down by the Russian invasion. We hear how women are adapting their day-jobs to help with Ukraine’s war effort and as men are banned from leaving the country, we look at the choice facing the women: to leave and survive, or stay to live, fight, and possibly die, alongside the men. Marie Keyworth talks to Tetiana Gaiduk. Produced by Sarah Treanor. (Image: Woman volunteer preparing material for the defense of Ukraine in Odessa, credit: European Pressphoto Agency)

Food price inflation was already a problem. Could the conflict make things even worse?

Ukraine and Russia are both major food exporters. Tamasin Ford looks at how the war in Ukraine is affecting global prices.

Food price inflation was already a major problem in many parts of the world, and there are fears that the conflict will make matters even worse.

David Beasley, Executive Director of the World Food Programme, says millions of people in Ukraine will now be at risk of food insecurity as a result of the conflict, and fears knock-on effects for countries such as Lebanon, Syria and Tunisia, which are major importers of grains from Ukraine.

Ivanna Dorichenko, managing director of consultancy firm TRADAIDE and an expert in international arbitration, says the situation in Ukraine is devastating, and that much of the country’s agricultural infrastructure has been destroyed by the Russian invasion.

Andrey Sizov, head of research firm SovEcon, is an expert on agriculture in the Black Sea region. He says the war in Ukraine is already paralysing exports , with shipping companies refusing to send vessels into areas potentially disrupted by the conflict

Wandile Sihlobo, chief economist of the Agricultural Business Chamber of South Africa, says the conflict will have an impact on African countries which buy grains from Ukraine, many of which were already struggling with rising food prices.

(Photo: A sign reading 'Danger Mines' in a wheat field in Nizhyn, Ukraine; Credit: Getty Images)

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)

What will new legislation to crack down on “dirty money” in the UK be worth? Western governments have applied unprecedented sanctions on Russia following the invasion of Ukraine. But is it time they did more to address the corrupt money invested in their own countries? Ed Butler speaks to investigative journalist Tom Burgis, author of Kleptopia: How Dirty Money is Conquering the World. (Picture: Money laundromat: Credit: Getty Images)

Non-fungible tokens - or NFTs as they’re known - are already big business, whether you’ve heard about them or not. But when it comes to those creating them, there’s a huge gender disparity.

We hear from two female artists - Michele Pred in Oakland and Yiying Lu from San Francisco - plus Liana Zavo who runs her own PR and marketing company. Women make up just 16% of all NFT artists - according to ArtTactic, a London-based company that focuses on research and data in the world of art. Anders Petterson from the group explains why. Plus Maliha Abidi, an artist, author and activist, and the creator of Women Rise NFT, says she’s determined to make a change. Presenter: Tamasin Ford Producer: Sarah Treanor

(Picture: A woman looks at a NFT by Larva Labs titled "CryptoPunk 7523"; Credit: Timothy A Clary/AFP via Getty Images)

How the latest penalties for invading Ukraine will hit Russia, and may also spill over into the world economy.

Ed Butler explores what the democratic world hopes to achieve with their targeting of the Russian Central Bank's currency reserves, as well as the exclusion of major Russian banks from the global communications network Swift. Elina Ribakova, deputy chief economist at the Institute of International Finance, says it will put a huge strain on Russia's economy and finances, although the authorities may be able to fend off the worst effects for months yet.

Meanwhile, historian Adam Tooze notes that Russia's biggest export - oil and gas exports - have been carved out of the latest round of sanctions, softening their impact. While lawyer Nigel Kushner explains how hard it may be for the Russian authorities and oligarchs to circumvent the new restrictions.

(Picture: A demonstrator holds a poster reading "Ban Russia from SWIFT" during a protest against Russia's invasion of Ukraine; Credit: Hans Punz/APA/AFP via Getty Images)

The multibillion dollar streaming industry is thriving, but too much choice makes it a fragmented landscape. In order to survive, the smallest companies might have the edge. Entertainment reporter Katie Ceck says the current model of streaming is unsustainable, and that the trend towards big companies gobbling up smaller ones is the future. Despite being a cluttered market, film lecturer in Vancouver, Michael Baser says there has never been a better time to make diverse programming that was formerly constricted by advertisers. But the new age of freedom is rife with peril, as investors begin to demand profits from an overly saturated market. Georg Szalai from the Hollywood Reporter tells us how the producers will pull it off.

(Image: A minimalist, digital iteration of a battle. Credit: Seamartini/Getty Images)

A series of governments on both sides of the Atlantic have announced punitive measures in response to Russia ordering troops into rebel-held regions of eastern Ukraine. But how much of an impact will these sanctions actually have on Russia?

In addition to restrictions on banks and access to capital markets, a number of individuals have had assets frozen. We speak to veteran anti-corruption campaigner Bill Browder, who has written a book "Freezing Order" about Russian money-laundering. Also Maria Shagina, a visiting senior fellow at the Finnish Institute of International Affairs, who isn't convinced that the sanctions targeting individuals will work, but says financial institutions may be vulnerable.

Vladimir Putin's move has not triggered the full range of sanctions Western nations have prepared though. We hear from Hal Hodgson, technology reporter for The Economist, who says freezing out of the trade in western technology has had a devastating effect against the Chinese technology firm Huawei and could be deployed if tensions escalate.

Plus we get the latest market reaction to the international response from Justin Urquhart Stewart of Regionally Investment.

Picture: A group of people hold signs at the front of the Ukrainian Foreign Ministry Credit: Chris McGrath/Getty Images

Increasingly scientists are using genetic material from wild plants to make agricultural crops more resilient to climate change.

To find out how, Rebecca Kesby heads to the Millennium Seed Bank for the Royal Botanic Gardens Kew, in the south of England. There she meets Dr Chris Cockel, one of their project coordinators. We also hear from Asmund Asdal of the Global Seed Vault, which is located in a mountain on the archipelago of Svalbaard, between mainland Norway and the North Pole.

We speak to Dr Shivali Sharma, who is developing climate resistant varieties of pigeon pea, a staple crop in many parts of rural India. And Mohamed Lassad Ben Saleh, farmer in Tunisia, tells us how breeding crops that combine properties of indigenous wild varieties has improved the quality and yield of his crops.

This is a repeat of an episode first broadcast on 17 September 2021.

Producers: Clare Williamson and Benjie Guy

(Picture: a hand holding seeds. Credit: Getty Images)