many as russia's largest trading partner last year. and ceremony commensurate with the trade volumes meeting for the fifth time this year presidents of russia and china both trust this to comport and serve their alliance. russia and china are committed to strategic partnership concerning all issues it helps our countries to adjust to a constantly changing geopolitical situation we have good coordination concerning the international agenda and regional issues. oiling the joints of diplomatic corps eola t. a russian hydro carbons about four hundred thousand barrels of russian crude crosses the border each day when these pipeline the first between the two neighbors reaches its full capacity next year the amount will triple along and russia among other things to diversify its supply markets away from western europe. you have these alliances not without reservations over the recent years russia scaled back its

weapon sales to china due to concerns that beijing may copy the designs and later on in other foreign military markets trying to buy some of for example forward group want and then produce those equipment that's by itself so of course it's also reduces the boredom of a military parade between russia and china but there's also something that russia would like to borrow from china back in the thief to the soviet union sparing no means to industrialize its communist neighbor but now it seems the tables have turned the russian officials now preoccupied with an idea of modernization with very much like to copy china's economic miracle. to war in the recent decades china made a breakthrough in high technology and called duration in these field is mutually beneficial for all countries nowadays we both have some ideas and experience to share with each other so we have a great respect if in the high tech. but do you thirds of the cabinet traveling

with the president russian delegation in china improved among the largest in recent years and they all did their homework for the course of this visit russian officials took a particle a liking to side in confucius the china scholar her among at by few followers again developing friendship with somebody who can a teacher any good well china is definitely not the case this country has made such a dramatic leap forward that you want to record many of big brother russia is more than willing to learn. from a boycott or beijing china. well once you get that in they called them over from the mosque a state university of international relations says that while while she has concerns about energy supplies to europe winning the chinese market will not be an easy task. russia is concerned with the situation in europe where there are

other situations in this two regions are quite different now the situation is in europe is quite subtle and we are not witnessing any off gas or oil wars this direction right now however with the channel we see some controversial issues yes we did agree about all supplies we did agree about the gas supply but we should remember quite well china is also the versifying suppliers not only russia is the r.c. find it supplies. we know that china is building very good relations with central asian states with australia with the stations there are plans to supply gas to china as well but there are no agreement on the exact prices for at the moment. jewish activists have bought a boat sailing towards the goals of mccain aides say they expect israel to intercept them the campaign and say their objective is to show not all jewish

people support their government's policy towards the palestinians the attempt to deliver humanitarian aid comes almost four months after an israeli raid on the not the flotilla ended with nine activists being killed the incident was condemned worldwide and labeled a brutal and disproportionate attack the jewish state still claims the incident was self-defense and considers the turkish charity group which led the futility terrorists linked to hamas artie's investigates. the pictures that catapulted a relatively little known him go on to the world stage in the world in which we live today where sympathizers or sympathize with are also being called terrorists it's no wonder that i age is being accused in this way the turkish charity first popped up on the cia's radar four years ago it's been banned in israel in germany who say it strongly linked with a mass in gaza the last thing is my all humans would call him soft as

a terrorist he's a father of three and says he boarded the ship for gaza for his three daughters in the gaza the children should have a right to live freely we want this so i joined that organization if another event of this kind was organized i would go again sit up in the early ninety's to help bosnian muslims the i h h or humanitarian relief foundation has offices in one hundred twenty countries where are the roads and the people in need we will be room or solidarity for these people and it's shown solidarity in pakistan if you levanon indonesia iraq china as well as with the palestinians we help we'll hospitals schools we hope we will impress her we are puzzles for the pupils palestinian writer had a commie says israel is trying to portray the group as a terrorist one in order to try and justify the deadly fratello raid in the media

that after most of world condemnation of what israel had done in these really is. mounted a defense which was you know we quite clever but with but not based on any on any facts it's enough for the investigators to decide turkey israel and the united nations each with their own inquiry policy or r.t. . for the sculls this story further we're going live from tel aviv by mary. on his radio running sound campaign a list of many many thanks for joining us now what all the real reasons in your opinion behind israel. charities why is this organization considered at terrorist group. where the israeli government is maintaining a blockade on got us to on the gaza strip. brokered the already

flotilla us are trying to break the blockade. is the question of whether the blockade is legal or moral. even very wise is very questionable it's being questioned inside israel to i myself believe that the blockade is illegal immoral and first of all stupid because no one really knows what the blockade is for what is a purpose of this blockade. the government no sais that the only reason is to prevent war material weapons from the gaza strip. but this can be achieved by other means for very pretty you can stop ships on the high sea search the cargo did let them go. to intercept them or the

high see it and it happened last time to brought the ship violently. does not serve any and purpose and have done very much damage. well indeed moved out mary speaking of dissenting voices within israel itself a new group of activists is trying so we spoke hate and this time all the peace campaign is all here we are sick do you think that that criticism and do you know was that the government's policy will be heard by israel by the administration. well i think. the more we talk about the blockade in on the gaza strip the more verses will be heard in israel. against the blockade this is ship which is not on the high sea on the way to gather the jewish boat it's not a small boat about ten meters long if. ten people on board

including several of the israelis actually i wanted to draw into what about no place for be there. this ship is mainly. the two. make to point run that the blockade is illegal and should be abolished but also there are very many jewish people in israel and europe and on to rort who do not. brought this brocade old to want to call upon the israeli government to do it by the way. you may be interested to hear yesterday a new leader has been selected for the british labor party it really wasn't the mother of mr miliband is very active it's a jewish woman who is very active in the organization of solidarity for the

palestinians and for the for blanket just broke aid well let's talk about israeli settlements now mr of mary we know that the israeli freeze on the construction settlements in the west bank stopped within the last twenty four hours but would also say that mahmoud abbas has said that he'll pull out of u.s. peace talks if construction resumes they always rains ready to sacrifice buildings for. i think the majority is against in your bidding and the settlements. the day think certain dissonance between the israeli public opinion and be very government the government is much to the right of public opinion why do so is a complicated question. that is your means of billick it to settlements

i think is being condemned by a very many israelis who believe that every new building in the settlement is their land to mine all the way to peace it makes no sense he again it's somehow is stupid because everybody knows that if we reach a peace agreement we shall give back. the west bank to the palestinian people what is the sense of investing can no billions of dollars invest in building new houses and new settlements in the west bank if tomorrow year after all in five years we should give back august territory to the palestinians it makes no sense whatsoever it is it if it is happening only because the small but very powerful political pressure go in israel bitch supports the settlers. and

does not want peace this is see i mean the made object of these settlements is to prevent peace because peace means giving back the west bank. there can be no peace without giving back the west bank and east jerusalem now if you build settlements there you'll sabotage the negotiations this a palestinian state disappoint us of preventing this peace to come in. out i think most israelis want peace and therefore do not support the settlement enterprise. vice mr manning found that was a very avid marry an israeli peace activist speaking to us from tel aviv. false errors in russell are trying their luck in politics and an attempt to legalize the free use of copyrighted products it comes as the lawmakers actually

attempt to strengthen the existing laws against piracy has gone off at the winners and losers in any crackdown on russia's pirate if it can destroy. you. here you can you still have his bill in show business since the late nineteen eighties back then giving away demo tapes was the best way to gain fans if you two decades his formula seems to be making a comeback except now to spread the word his music on the web for free so people pay to see him in concert. you see the album is already uploaded and downloaded a hundred times before i even publish date i know there's no point in fighting it some going to use it instead. according to some estimates piracy leads to over ten billion dollars in losses globally every year. anything can be found on the internet many musicians are forced to hold more concerts while just a few years ago they were merely the second source of income the. record companies

are accusing pirates of stealing their money but there are those who want to draw a fat line between selling counterfeit c.d.'s or d.v.d.'s and sharing files on the internet. the noncommercial exchange of information must be free. by the what is the leader of the pirates of russia party. the internet is everywhere i just need to click a button a couple of times and download a movie or some new album i want to listen to the old distribution model is pointless now dated. the party wants to see new laws in russia legalizing all nonprofit file sharing on the web formed in july in two thousand and nine it's also one of the founders of the pirates parties international a movement which unites so-called players from around fifty countries we need to really take a chance again to take a stand and also tradition and taking back the freedom that once belonged to us to

rephrase somebody's last name that is. taken at one hundred years for the pirates unite some websites accused of facilitating illegal file sharing in the global anti copyright movement have millions of registered users and last year two members of sweden's pirates party even managed to get two seats in the european parliament. these people are naive and lost with poor norge of economics and history a free economy cannot exist criticism supported by some deputies of the state duma who see by meeting the parents of russia party official its organizers could get more than they bargained for the establishment of the pirate party while lot liberated this people from the criminal liability for awhile it into law the parents of russia are seeing the current laws are outdated and unfair and claim that they will be back to buy most of the internet users in the country and that is

around forty percent of the electorate piracy should be is a controversial subject but let's face it it's now grown into an international phenomenon not some official pirates even getting into european politics but before the pirates of russia can even dream of getting into the state duma deal need at least forty five thousand members just to register and the question is even if they do have the right amount of supporters are they ready to come out i mean themselves you've got this going off are deep moscow. venezuela's ruling party. chavez has won the country's general election but early results out miss out on what's he says need to pull out what majority now feel position to block bills put forward by the ruling party opposition leaders also came they won the popular vote which will in any major play for the country's president he lections all see the popularity test the child has ahead of the twenty twelve presidential elections and

half it has been following events in caracas the rumors start to flare on the eve of the election allegations that voting machines were out of order began to circulate on the opposition side. but here at a station that is predominately pro opposition there were no complaints did you having trouble voting just now on our program no nothing no problem a very suppressed. what has been drilled into their heads is that the opposition will win close to fifty fifty. six. members. in the house you know the congress and maybe sixty seventy towards the inner city however the crowds display more support for the government. what the opposition claim all along is that media messages they hold a majority on the contrary throughout the birth eleven years to a revolutionary process those who are on reelection and these do is going to be a victory for us. my point station you can hear people saying vote up to the left

read the government's party this school is not only one of the most historic landmarks in the city it's also one of the largest voting districts and the opinions here for the most part are split fifty fifty at this polling station there were also no problems with voting some were even helping people with how and who to vote for. on the streets of caracas it's almost impossible to avoid election time to get busy the venezuelan people know this election in many ways is an illogical dispute one deeply rooted in the history of latin america into what this is more than under the older jackal war it's a work of interests and power the power that the right has always had over latin america more than any of you logical war it's about the right of the people in about the america to make our own decisions decisions that will eventually reflect after this election is finally over. r t caracas venezuela well safe. which returned the i s s

crew members up and talking about their experience with their minds and surprisingly fixated on the things they missed most space. i love spicy food i make real hot chili sauce myself i missed it badly i finished off all the spicy pitch up stock on the i assess and shocked everyone by making and eating with subway sandwiches now as my fuel is good as a rocket. the thing you miss there most of all is the earth itself i missed smells i missed trees i even dreamt of them i even hallucinated i thought i smelled a real fire and something being barbecued on it i ended up putting pictures of trees on the walls to cheer myself up you do miss the earth air. of occurring is the furthest had to. fail because of a technical malfunction resulting russian and american astronauts return home as

for stoned by the populace quickly first and three crew members are safe kazakstan after their six month. and there are some other headlines from around the world this hour on the u.s. along the afghan national army were involved in a firefight against taliban rebels in southern afghanistan the soldiers were forced to take cover as they came under attack from several directions on the town of marjah they responded with the barrels of rockets a machine gun fire the attack comes during nato's largest military operation in the country so far named draggin strike the operation is designed to drive militants from the southern taliban heartland of the. former serbian leader and out of uncovered it has appeared in court in the hague to defend himself over charges of war crimes and genocide the trial which has been running for almost

a year regimes knowledge of the defense requested time to review extensive documentation candidate is accused of being responsible for the massacre of over seven thousand muslims in the bosnian town of seventy in one thousand nine hundred five he how safe denies the allegations. that the trial could stretch into twenty forty five prosecutors and how does it speed up the case. thousands of slovenian public sector workers began a and did strike against a two year wage freeze proposed by the government there were no news bulletins on the state channel the journalists are among those to join the protests police and other vital services are still at work but have cut back on their duties as a result the police haven't been issuing traffic tickets or penalties and social services are handling the emergency. that with the day's headlines of the business

deals with stephanie. and great for the feel we've got to. get a voice ceased to face with the news maker. hello and welcome to the business bulletin russia's largest bank bank says it has billions of dollars to spend on much as an acquisitions the bank wants to become a bigger global player and is looking to expand in asia eastern europe and c.i.s.

countries see graph says while sped by and has lots of money the problem is finding quality assets to invest in last year's bank acquired by the russian d.p.s. bank and is currently examining a takeover of cuz it stands and e.t.a. . bad debts at russia's top funks have reached twenty percent of the loan portfolio the highest level since the beginning of the crisis the international finance corporation part of the world bank says russia needs to develop a market for bad debts so banks can clear them from their balance sheets timothy crouse from the i.f.c. spoke to business r.t. about its proposal to jumpstart the system with a two hundred million dollar fund. i think that some of the banks here that are trying too hard to collect their loans are not paying attention to their core business and their market share will shrink and they'll be left holding paper that's not worth anything i think the thing is to create a market so you have a market you need buyers and you need sellers so we have plenty of buyers here

capitols not the question i see provides financing we also try to match the buyers and the sellers right now we don't have enough sellers there are not enough banks that want to sell their corporate loans so there's loans to small businesses they'll sell retail loans credit card loans things like this but they won't sell corporate loans yet there's too big of a gap between the price banks think that they should get thirty forty cents on the dollar but buyers that are coming into the market are not willing to pay that yet there is no track record yet we need a precedent we need a first sale to occur and then prices will go up after that when people see that you can actually collect on bad loans in russia why hasn't the bad that's markets in russia emerged naturally off its own accord it's a little bit of a cycle psychological issue i think no one wants to admit that they've made bad loans it takes a while to get prepared for this and i think once banks think it through once they see that they're not making progress and restructuring corporate loans once they

understand that they're not going to make much progress it makes sense for someone else to give it a try someone that specializes in this business liquidity has a longer goal stop being the banks main problem do you really think that clean up balance so how banks lending i think it will because banks don't have to allocate capital to the bad loans that are sitting on their books if their management doesn't have to devote time to the bad assets that are sitting in their bank they can spend time doing what they do best which is to originate new loans there people can go out and figure out which corporate lenders are the ones that are most credit worthy which can be their best clients allocate capital to that that's what they need to do. russia is ready to provide china with all the natural gas it needs deputy prime minister igor such announce the incentive as the countries signed agreements on oil gas coal and nuclear energy russia may start delivering gas to china in two thousand and fifteen if the two countries can agree on all aspects of

their corporation contracts with china which include gas pricing terms are expected to be signed by the middle of next year china wants to triple the use of gas to about ten percent of all energy consumption by twenty twenty to cut its reliance on coal and oil. and the western markets finished low on monday echoing trends in global markets liquid dragged on the my sex it shares were down more than four percent at close banks also under formed between you should move from two percent on the my sex life for about finished one point three percent lower but ross helicon bucked the trend goes even one point four percent in the. profits at the russian oil pipeline monopoly transept plunged by forty eight percent in the second quarter despite stronger sales than that total came in at just under six hundred million dollars alice say the bottom line was hit by rising costs and foreign exchange losses. russia's recall had bought back almost five percent of it shares

from conoco phillips for two point four billion dollars it's less than half the stake the american firm had put up for sale under an option that expired on suck today because as the a with the buyback is to enhance its attractiveness to investors to support the share price. and finally russia is adding a new natural resource to its long list of exports amid a global ban on elephant ivory the country is digging up mammoth tusks to meet a growing demand for ethical ivory at a price of roughly five hundred twenty dollars a kilo sixty tons of the ivory are exported annually to china the world. biggest market scientists believe there should be a plentiful supply of the tusks as they estimate as many as one hundred fifty million mammoths life frozen beneath the siberian tundra. and that's all the business news for now but you can always find more stories by logging onto our web site that's our team dot com slash business.

nothing the international association of russian language and literature teachers who hold the world festival of russian language. are you interested in a better understanding of russian language and culture can you sing russian songs well. the good the participant of the world festival of russian language and little exciting trip to st petersburg in russia. for more information visit the festival website. a warm welcome back it's home now i have a myspace is the flow of oil to china will triple by next year the target for the

leaders of both countries as they met to officially open call in the men to stand. as jewish activists assailed for what they did goals of with a humanitarian mission all team talks to members of the a brutally attacked by israeli forces back in may. on the soul of a pirates of attempt to go officials setting up a new school policy to campaign for the legalisation of for you false sharing. next we talked to american author and public speaker john nesbitt a political observer doris naismith's about the modernization of china having published many books about the country they explain how china has managed to reinvent itself in such a short time. thank you very much to you both for joining us now i'll start with you.