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Transcripts For BBCNEWS World Business Report 20240706

and smashed, but not trashed. why more of us are fixing rather than replacing our damaged devices. we ll be getting a masterclass in gadget repair. hello. let s return to our top story it s exactly a year ago today that russia launched its full scale invasion of ukraine, beginning europe s biggest conflict since world war ii. tens of thousands killed on both sides, and an estimated 13 million people displaced from their homes or made refugees abroad. the economic impact has been global with soaring energy and food prices fuelling a cost of living crisis around the world. for russia, sanctions and growing isolation from internationalfinance. more on that in a moment. and for ukraine itself a struggle to stave off economic collapse. unfortunately, the damage done by russian aggression for ukraine is tremendous. last year, we lost particularly more than 30% of our gdp. we suffered a lot. we lost part of our territory. but we are still capable, we re still able and we still c

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How Putin is preparing Russia for a long war in Ukraine

A third of government spending in 2024 will be on the military alone, according to the draft budget. Some of this will be paid for by increased oil revenues and trade with non-Western countries

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