ground then in two thousand and six we signed an agreement with the us and it seemed to us that we had cover ninety percent of the way however every time something hindered in tree in making political reasons didn't name was good last time it was georgia that dampened our relations with the us we could not solve even a purely technical issue with the us now somewhere thanks to the green between obama. and their fixing the deadline we have a positive result in our bilateral relations it appears to me that should this political will remain everything is possible in fact we lacked it which was the main factor we lacked in the last period of the bush administration and now all the work has been transferred to geneva where we are facing much fewer questions what the so i believe there is a political will and a desire by all and what's left the ministries employees to complete everything does this mean most opticals are left behind and countries like georgia won't be a problem. because you have said there are certain obstacles as yet which we are

going to overcome gradually and when i was mentioning we would have to have about four months to finalize a document which i do not consider an obstacle has resulted from georgia nothing threatens but we have to coordinate all the provisions of the customs union with all previously reached agreements on the derby cio with all the countries which will be inside the customs union we have agreed on the principles that it as of today we are taking our agreements with our partners the working group on the deputy o. as a basis and this session will be based on to russia's terms so mainly technical questions remain so let's imagine russia joining the wall trying to open a station how is it going to change the russian economy. for the russian economy the level of tariff shelter will be determined with the help of import taxes from all over the world for example we produce similar products but we protect ourselves from the same products of other countries with twenty percent tariffs over a transition period of between seven to ten years and we should lower our ad. tears

to seven percent it means that tears protection will become slightly lower and this is what dorrian's our business to become more effective there are three spheres that should be gradually liberalized the flow of capital which russia has done with commodity flow under the you know the show and labor movement which allows the workforce to migrate to where the economy is on the rise so russia should liberalize in these directions to be able to gather at the right time and place for all these factors capital products with these new technologies and workforce groups to produce i said i need to say the russian government announced that the shares of ten major stake companies will be put on sale will go shares be available to foreign investors. but certainly the privatization regime is public national scale has to accept certain strategic enterprises because this list contains mainly oil companies apart from a number of others for which a special procedure is required at this point i can't tell you exactly what these restrictions will fly if what companies i see is

a list of companies as publishable will specify them. on the news too so if the sale happens how will this affect russia's succession into the wall trail and is asian. strictly speaking these privatization issues are not within the deputy who is competent so this may not affect the session as a whole that when a positive reputation of russia is created as a country open for investment in increasing the private sector share of major companies of interests in russia's growing. let's just move away from the wall trade organization on being international monetary fund meeting this year you received the award as the best finance minister of the here and everyone is saying that russia coped with the financial global financial crisis better than expected how attractive is washington terms of foreign investment at this moment.

the heads of major financial organizations who i met with in the past three days are very keen on russia because with interest rates very low in the glass and earn something only an emerging market pressley where the ratio between profitability and reliability is optimal markets russia is showing exactly this work and thanks to the government's strict credit policy we have good for excellent which means we are not afraid of devaluation or default serve the country's budget bounces goodness so is the balance of payments in this respect we are very attractive because there are a lot of discussions here in the west about about the level of government interference in the russian economy and that sort of one of the concerns that the west has to what russia economy what is being done to reduce that that involvement of the government in the economy. first of all on the interference of the state in the economy. and we must see where and how it takes place the first major two years state involvement three major companies and corporations but as privatization is

under way selling major stakes will solve this issue which will soften fears is second which it's about state run regulating agencies including those that collect taxes if you like. the quality of production and norms. regulation needs to be improved. and all of us are working on that and i will get a new draft on the lease is meant to improve other words because of course the concerning taxes we have created a new package of law on the quality of tax administration for the responsibility of tax employees the problem. earlier you said that the tax burden on russian business will be increased in the near future but the pressure on russian business is already high why was this decision made. this decision is linked to the increase of pensions in our country for a very long time pensions were too low in late two thousand and nine an average pension was an equivalent of two hundred us dollars a month that's too low and it does not correspond to wait. the average salary being

about seven hundred us dollars for several years we prepared an increase in pensions however it so happened that when we were increasing then the crisis occurred and revenues got smaller after weighing all the pros and cons to the government decide to continue with the pensions hike they would mean increases of forty to forty five percent or so sorry on the first of january the company payments will increase from twenty six to thirty four percent of the salary this will be since the difference all companies pushing the main problem of russian economy today in your opinion. it's about the weakness of market and state power institutions and the quality of administering of state functions in other words excessive interference from the state insufficiently clear regulation. administrators barriers of competition the economy which it's going official helps when a competition this is the main obstacle for further development because the next week and the state finances are good. business now i know that finance later

on this international monetary fund meeting we're discussing so-called battles of crisis if we can say that you know we know that the u.s. and. they complain about china and some other countries deliberately undervalued their crisis to aid their exporters and this may lead to trade wars i haven't heard that how serious is that and where is russia standing on that matter. in the world with. currently there's no battle currencies it's very likely that it's more of an expectation that one day currencies will become a more serious competition so we're at the moment your best examples are the u.s. and china the situation there is unique but i don't think we can say that such a war is taking place in other parts of the world on the other hand you might say that some of the disproportionate distortions are forming in currencies for example of the americas. most likely their fears that someday such

a war will become more serious but i can say that the possibilities to play around with currencies are very insignificant or short term although china is the exception country that goes beyond any of its conducting an aggressive policy due to strong government control its economy and foreign policies nor market economies don't have such opportunities for stronger ministers of course you to know which in news and i should i say any of it also on this year's i.m.f. meeting we know that the e.u. and the united states have the loudest voice within the organization we also know that emerging markets would have would like to have a bigger say on the i.m.f. board and success on that. historically the bretton woods institutions that is the i.m.f. and the world bank have obviously been under the influence of the usa and the e.u. and still are as the new growing markets are in fact a locomotive of economic growth and of much money the rule is in significant

decision making on the world market during a crisis that is crucial to have all the decisions well balance which means representation should be in some portion and today it is not proportionate so there are fears that the decisions to be adopted will be based on a fair and proportionate representation not in the interests of the world economy so the question of changing the quotas is right so although it would be so undesirable to lose one's vote and influence when it comes to deciding it we have not yet found a final solution and when the sheer concertgoers. discover it's easy. to get with the. test yourself and become free.

in nature can give you the. almost seventy years of the red machine which so many people wanted to leave in the past. he came to make changes the society was immediate. but it wasn't possible to change the whole country's regime so quickly. and with her. chronicles only fundamental changes in the state clinton people's minds on the. wealthy british style stock.

markets finance can. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines in two kinds a report. of a failed state this is not a provocation but a warning of. the forces that we should see several already assured of support for ukraine speaks they have no idea about the hardships to face. they wanted to says it all to. to new to. the army.

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hotel specific resort and spa. in israel is available in some hotel time period hotels a recent. vintage drive into the future the governator heads moscow to size up some high tech investment in silicon valley. and love for an adopted child should be color blind spot in the u.s. most black children are finding it tough to find a new home. for only counts so no clear winner and care to found story collections which have been called free and fair by international observers but the opposition claims intimidation and vote. sports news is next.

very welcome to sports today here on twenty four hour r.t. i mean you know these headlines meeting the boss the new jersey nets touchdown in moscow to open eastern europe the first n.b.a. store and also to say hello to the man resigning their checks russian billionaire for hearts. make hers a double little. successfully defend her chicago marathon title knocking a full five minutes off for two thousand and nine mark in the process. the great leveller there's now no unbeaten squads remaining in the n.f.l. after comes as don to indianapolis and we decided. let's get going with basketball where the new jersey nets squad finally met up with their new owner the n.b.a. jetting in for a flying visit to the russian capital for some face time with mikhail prokhorov to

officially open moscow's first n.b.a. fan store constantine the top off was there for us. the new jersey nets arrived in russia for a flying visit just hours after beating philadelphia back home across the atlantic the nets her own one day piece stop in moscow then route to china where they will take on the houston rockets in the russian capital the players too poor in a ceremony to open the first n.b.a. shop in the eastern europe it's incredible and i'll just go on the roads here are roads where for. the circuit going are you simply. don't see this or hope we can. see all of that stuff that's often here. just like this they have not had much time to rest the team also holding an open training session and the youth clinic they're still trying to forget a disaster season last year sitting in new record losing streak of eighteen

straight defeats at the start however the main event of their visit to moscow came when they had their first meeting with a new owner mikhail prokhorov the russian billionaire bought a majority share in may the towering tycoon has been impassioned best kamil player since school with such an average and reach fan putting his pocket where his specially is the team is hoping rooney since is just around the corner. we're really excited hat on his ability to call everything to help us lead to his challenge you know and our bit nervous and not a lot of very anxious to help our police for help. thought to be russia's second richest man broker has become the first owner from outside north america in n.b.a. history and he hopes the club he has bought will become a world famous brand with global reach and appeal i think it's really because i'm the foreigner. and beats him it's my competitor the one.

with cricket a lot of for sales different countries. this will support the. new global front of the new bill. however the training children says he's also got one eye very much on domestic basketball stating he wants to bring an be standards to home ground in russia and increase the sport's popularity among younger sisters. i hope it will be a very good start for development. because we need good coaching when you do when you. do marketing and we need some people really fresh only abuse peace. and joy just. in france here in russia will hope that the billionaire is new slogan blueprint for greatness. true for the new jersey nets but for boskone moon russia as well. or to be.

a book of a house once again proved herself queen of the illinois roads the russian winning the chicago marathon for the second straight time hotter than comfortable day for the field at one of the five world martha majors temperatures didn't seem to affect though they're thirty two year old pacing yourself early on falling off a minute behind leader a steady pace of ethiopia at one stage but the russian had plenty in reserve eventually storming to victory by over three minutes. following her win in london in april. overall title and with it half a million dollars the event also marked a special double with last year's winner in the men's event and in some one zero retaining his crown as well. martin kaymer season just keeps getting better on the greens the german becoming the first european tour golfer to win three straight events following victory at the dunhill links championship was

a big day for his ryder cup team at leave westwood the englishman was seeking to be named. world number one snorer would come about if he finished at least second down bruised but tiger woods ranking is safe for the time being at least after a niggling ankle injury meant thirty seven year old westwood could only manage eleventh place the davis belonged to this month kaymer his back nine putting a wonder in itself on the scottish course pulling both on and off the green at the end of it all his seventeen under par total of three strokes too good for danny willett victory previously at the p.g.a. championship dutch open adding up to a memorable hot trick for the twenty five. ok let's move to the circuit where jorge lorenzo was clinched the twenty ten moto g.p. title three races early the spaniard finishing third in supplying enough for him to wrap up his inaugural. it was defending champion a volunteer aussie whoever may not stop his first win since the opening day of the

year though having missed a large part of the season with a leg injury rossi walls are out of the title equation some time back to draw the range of the only serious rival but when he went down with a broken collarbone at last week's japanese grand prix the path was clear for a fellow spaniard lorenzo to race to factory something he would do with a top ten finish a situation which was never really in doubt so moto g.p. title number one for relieved jorge lorenzo. when the starters lay in the field. we had to finish the race and get to the moon how do you get in the middle of your world so who is my happiest day in my life and we have to because there are no more unbeaten teams this year in the n.f.l. kansas city they live a squad to taste defeat against indianapolis the chiefs holding two time running

m.v.p. peyton manning without a touchdown but an unlikely hero save the day for the colts events of course he has more. the chiefs have been the n.f.l. surprise package so far this year the up and coming squad grabbing three straight wins after having only four victories all of last year and they look to seize the momentum right from the off but a lack of exit q sion ruined a surprise onside kick the chiefs defense playing better than expected against last year's super bowl runners up joseph addai unable to get the needed yards on fourth down with time running out in the opening half the colts getting just a pair of field goals out of their drives for six to three halftime lead more goals from manning in the second half safety john mcgraw in the right spot at the right time to come up with the interception indianapolis forced to rely on veteran kicker advantage sorry for their points the fourth time super bowl champion giving the

colts a twelve nine lead late in the fourth with another in the war course addai hurty on the sidelines his back of my card came in for the winning touchdown run nine hundred to nine the final score so no more unbeaten teams in the n.f.l. just five weeks into the regular season the cowboys were unable to live up to the hype once again with the visiting tennessee titans prevailing in vera clash miles austin has emerged as a force last year and the twenty six year old shoulder tightens what he can do in the third to help tie the game at seventeen chris johnson putting tennessee back up twenty seven twenty with a short yardage touchdown the n.f.l.'s fastest man rushing for a hundred and thirty one yards and two scores a few things go right for dallas who gave up three turnovers and six sacks while committing twelfth penalties this touchdown pass from tony romo to jason witten

soured by a flag for excessive celebrations afterwards that call meant the cowboys set the kickoff from further. back allow we return now to mark mariano and to set up johnson for an easy score thirty four twenty seven how it ended with this year's super bowl set for the cowboys stadium the prospects of the home team play needed are looking more and more grim. avanza gorski are cheap the n.f.l. season definitely hotting up brazil have further strengthened their grasp on world volleyball the only team to win a global championship since the turn of the millennium following up their two thousand and two and two thousand and six victories with a demolition job over cuba on sunday a case of old guard versus pretenders to the throne in rome but the fosli experienced some boys weren't about to let their dominance slide with a travel at stake brazil taking the first and second set with some ease cubit the

youngest squad in the tournament by some distance unable to find any real rhythm throughout. the reigning champions took full advantage of curing the twenty ten world championships with a twenty five twenty two twenty five fourteen twenty five twenty two scoreline brazil go up there with the critelli and teens of the ninety's who also won three in a row. the world weather coming up in just a tick season. culture is that so much i was among the feeling that i live in a little more give a real name to try to influence only it's only in a relatively short amount of time and latin america has transformed itself both politically and economically look in the. wealthy british style to sign. on to. the.

markets why not scandals. find out what's really happening to the global economy in these kinds of reports on. the nature and discover it's easy the. leak the communicate with the wild. test yourself and become free to. see nature can give you. the.

wealthy british soil it's time to visit. the. markets. find out what's really happening to the global economy is a report on. the

. party's top stories a ventus drive into the future the governator hits moscow to size up some high tech investment in russia's silicone valley. and love for an adopted child should be color blind but in the u.s. it's a black and white issue artie investigates. also early counts so no clear winner in care because that's historic elections which have been called free and fair by international observers but opposition says there's been intimidation and vote rigging.

at five pm in moscow and this is r t coming to you live with me and he said now way first stop he's tweeted with the president been caught in the crash of the metro rush hour and rode a retro soviet car all in one day arnold schwarzenegger seems to be enjoying his stay in the russian capital and now to me that image of a diff has joined the california governor and u.s. high tech executives to look at russia's silicon valley with a view to investing as our tucson thomas reports words of negara kept a promise he wants made. back in june of this year dmitri medvedev went to silicon valley in california to visit places like twitter and. silicon valley to basically look at how they do business down there and that time the governor said to the president i promise i will be bach to moscow that is and he has kept up on that

promise in fact it has been a very busy day.