pressing issues the leaders did propose to continue to work together but very little headway on those so-called currency wars that great divide between east and west in this battle over the bar. the world at war the weapon currency. the fallout trade imbalance the world's paying i mean the world is paying the price for the asset bubbles that are being blown throughout the emerging markets and this high stakes battle for global exchanges it's china versus the u.s. on the western front the fed pumping six hundred billion bucks into the american economy the valuing the dollar while slamming china for not readily revaluing its you want on the eastern front the chinese position is well you're depreciating the dollar watch and we really value the removal be the chinese currency which the us keeps on insisting on so it's really a standoff one that smacks of double standards it's absolutely true that the united

states of late has made don't mess to clean self-serving policy that was shortsighted and that did not consider the rest of the world and this set up the sole summit but despite global outrage with u.s. fiscal policy they got more of a high level silent treatment than any kind of fight right now it's the world against the united states and in terms of an agreement to deal with the currency war nun's going to happen there is no interest coming from china or germany the two other key players to solve this problem not interested or protecting interest. and that was before the session even started obama might have guessed there would be no compromising china wasn't budging and germany an export giant defends its right not to surrender its strength by spending more abroad to appease u.s. calls to help economic recovery much of europe seems to be sitting back and watching how this will all play out i think they are trying to be defensive and so

that's a weak position right now russia sees itself as a mediator and hopes multi-currency reserves over place currency wars should. i believe that the. price of a currency will breaking out will significantly decrease following today's summit we have reasons to be optimistic about the future the group of twenty did agree to develop early warning indicators to prevent economic turmoil and gradually move on currency the question now is not enough to prevent this cas class from getting out of control. the us wanted to use the g twenty to push china further but it had to explain its actions instead it's what a leading global currency. tells r.t. the us was really looking for the g twenty to be a forum to continue to pressure china and to have you know more unified front against china and asian currencies current account surplus countries. from from the

rest of the world and what it actually ended up turning into was that the us had to go in there and do the tables were turned that the us actually had to explain its own behavior to a whole host of countries and the chinese i think were pretty adept at turning this around and there were a lot of other countries who didn't mind actually turning the tables a little bit on the us and saying ok well why don't you guys explain what you're dealing with with the fed before your country before you start kind of throwing stones at us. russia's finance minister agrees that china should become more flexible as monetary policy but says the changes shouldn't be rushed or bring you alexei kudrin the interview in fifteen minutes time it's also online any time at r.t. dot com here are some of his comments. to go to well speaking of china it really is pursuing a somewhat different economic policy now is notorious for its lack of flexibility we say that we're in common cold in a to differ it's exchange rates must be more flexible this is what we must aspire

to i can see though that we must move towards this as fast as possible if china devalue its currency now the world may not benefit from it that much of the world isn't going to in as much as chinese go into china is also trying to recruit these days so i think the flexible right policy should be implemented gradually. it's claimed that the eleven russian agents are exposed by the us this summer we're betrayed by a spy a master who was meant to be their boss it's a story in a russian newspaper that's caused a sensation but president medvedev says he was aware of the allegations all along although he refused to comment further while the investigation into what happened continues. brings us the latest twist this summer spy story between the u.s. and russia just a few months after dropping out of headlines around the world the biggest spies scandal between moscow and washington since the cold war iraq is back with the

drama of this whole situation is that the agents were turned in by their boss. he's been named as suitable cool for allegedly headed the american department of russia's foreign intelligence service neither his first name or grant have been found to journalists from the more school beast community people who have held their own investigation clean he is behind his colleagues cover in the united states. everyone we spoke to agreed that this was the biggest failure in the history of the foreign intelligence service some of the. agents worked undercover for decades in all were given away just like wholesale. their findings have been confirmed by the president on friday dmitry medvedev said he knew who the traitor was from the thursday of the scandal it was june when american authorities announced the captured ten people suspected of being russian secret agents all were found guilty by a us court and deported in exchange for four men serving time in russia themselves convicted of being foreign spies it was never going to stay out of the news for

a long the story instantly made headlines and especially since the russian president's first official trip to the u.s. had just come to an end it's thought colonel to back off russia to the united states just a few days before the meeting if the visit and according to some reports are few months before that he was offered a promotion at work which could have seen him subjected to a lie detector test and vet some believe is why he we jetted the job offer instead he turned the other week my turning in his associates the media quickly found its favorite among the group of deported agents young rich and beautiful on a chapman was deemed the russian james bond girl but did the flashes draw focus away from the real super agent in the group me coalition court was still in the shadows just as he had been for the past four decades. that is true this is an amazing story it doesn't only have a trainer but

a true hero as well who to absolute opposites i'm talking about with some coffee and his fantastic story. he left the soviet union in the one nine hundred sixty s. first to spin then to south america working as a photographer he eventually married and moved to the us changing his name to one it said he continues we denied being a russian agent and to colonel presented secret documents that he then revealed his true identity but intelligence experts seen naming and shaming russian operatives was probably not the prime target. as that. was probably a u.s. agent for a long time him self and i'm sure this whole story was instigated by the american secret service the two presidents are working to restart relations and some people are obviously against the timing of this scandal was picked perfectly it puts another name in the frame for the russian intelligence service that's still trying to establish how a massive decades long secret operation could fall port so easily seemingly at the

hands of one man igor is going off r g moscow stay with us here at r.t. coming your way in a few minutes the girls who are snatched from the streets and forced into marriage stealing a bride is no it is an ancient custom in russia's chechen republic will tell you what the authorities are doing. but first their human rights workers and they say they are being treated like terrorists activists helping palestinians say israel has accused them of stoking the conflict in a strip many of their permits artie's policy has been meeting those who say the claims are groundless and that israel regards any palestinian supporter as an enemy . they're the visitors israel doesn't want activists from around the world who come here to photograph and protest palestinian suffering will most of the n.g.o.s only bring more fuel to the conflict make it

much more harder to solve the conflict bring more hate to the conflict and they have huge he kidnapped human right which is why from the beginning of the year the israeli ministry of interior started with drawing work permits from international n.g.o.s oxfam save the children and medicine some pontiff have all been affected everybody who voices a pro and view anybody who supports justice propels and palestinian refugee is is an enemy of israel and says pro quo a terrorist i simply don't buy don't think there's evidence that someone in tears say they have no choice but to do their work illegally emily's origins are palestinian but she can't live here because she can't get a visa for while she managed to evade the israeli authorities by leaving and returning every three months and lying to them that she lived in jerusalem but they

eventually cautioned on and have given her one month to get after the more visas you have in your passport the harder it gets. getting from initially it was more being overwhelmed the very understanding you know which borders to you is how do you know how to talk to the soldiers what to say what not to say n.g.o.s monitor is an israeli organization that tracks non-governmental organizations working in the area it starts one speak on camera but they haven't shied away from writing on the net this web site accuses several charities working in the west bank and gaza of having links with terrorist organizations here it says that the palestinian children's welfare fund owns a hate who. website dedicated to the glorification of jihad and the denunciation of israel there has been no evidence whatsoever no cases that anyone's heard of a people in n.g.o.s committing any kind of violence but us to three stones on

stones in the grenades i'm on idea of soldiers and who is helping them you see a blonde girl from switzerland the way out in the world eighty mormeck spin in gaza for six months and plans to stay six small he's a volunteer with the international solidarity movement which israel claims has terrorist links they therefore won't cross into the west bank he's a human rights groups that credible throughout the world and yet they are being stopped from entering many times in i mean the un report to richard folk was stopped from entering so this stretches up to the united nations so many n.g.o.s the challenge remains how to draw attention to the work they do without getting kicked out of the country many israelis continue to question the work they doing in the first place paula c. r r t israel. you can always find more on the stories we're covering on our website r.t. dot com here's what's online right now from cat bird or a cat smuggler our russian prisoner train his feline friend to sneak in his heroin

fix. really believing it's the real fans of the not rocker which is now cracking hollywood tales of the tensile terror heavyweights bringing the cherished fairy tale to life are online at r.t. dot com. the. men who were kidnapped girls off the street and forced them into marriage now face jail in russia's republic of chechnya it's been seen as a tradition among some muslim communities in the north caucasus but religious leaders and officials say it's deeply wrong and. must be stopped or. courts it is the moment of families torn apart. in which here remains a ritual rather than an outrage the man simply chooses the woman he wants and forcibly takes her but the kidnapping of one young girl called him on one terribly

wrong magazine i knew she went shopping bag. loans we had it good outside and saw her being kidnapped yes she was shouting we saw. the kidnapper and his accomplice grabbed him on jumped into a car and sped away but a short way down the road they crashed into a big truck. stolen a young girl. when they were driving here they crashed in the old. school so there was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say could lend brights runs and occasional blood religious leaders and churches strongly disapprove and no laws have been brought in to corrupt a practice without a sense of their will to go on chechens never had such as this is. every friday i say during the sermon. this is. seen. and those who committed will be

punished during this life and on the judgement day. the girls who've been kidnapped rarely bring this matter to a courtroom as such case may be considered it is grazed by all but they never forget about it result i went through the experience forty years ago she left the shop and was heading home when it happened the news that we're taking me away and i didn't even know who was kidnapping me it was several men in the car and then you know one only on the second or third day did i find out who i was telling people. reasoner remembers the day she spent not knowing what was coming next lost and frightened she had no choice but to stay with her kidnapper whose youngest daughter was almost her age two months later the designer ran away but her life was changed forever if. this really is the big tragedy because your life doesn't belong to you when you long to come to mindy if you were kidnapped even if you spend two or three

days there and return home you're not considered a virgin you belong to someone. but now chechnya's get into a fund to practice with the new lawyers. i think this new schools the global issue i think many families where girls are brutal up who feel themselves. probably have no right good numbers will face a prison sentence and have to face over still it is sold in dollars in fines to the girl's family even religious leaders person a girl to marry her kidnapper will be honest even though there appears to be a strong support goes into this now you have to see whether the old tradition has been ended only on paper or a real it's not sound that you are seeing from cross and they. turn now to some other stories making headlines across the globe united nations has made a deal for more than one hundred sixty million dollars as the number of dead from haiti's cholera epidemic reaches at least seven hundred twenty four countries health minister says around eleven thousand people have been hospitalized since the outbreak began aid agencies are battling to contain the disease in the capital port

au prince they hope to stop it of reaching over one million earthquake survivors who are still living in temporary camps. a u.n. panel of experts says north korea sold nuclear technology and other weapons to states including iran syria and myanmar the report says one hundred million dollars worth of arms and other equipment have been shipped the sales go against the u.n. impose sanctions on north korea to try and wash its nuclear activities after testing weapons and the rockets. and the on mars military authorities. pro-democracy leader aung sang suu kyi this weekend they've apparently sanctioned her release which is due on saturday so she's been under house arrest for fifteen of the past twenty one years which is drawing widespread condemnation of her lawyer says she won't accept her release if conditions are imposed which exclude her from politics. now as promised that interview with russian finance minister alexei and

he says countries should be wary of the dangerous ripple effect of weakening their currencies to save themselves stay with us here on our. i mean now a call for them to point to where the summit is money and who better to talk about russia's role in the global hungry and with its financing let's thank you for that

. thank you for finding time to speak with us what a real economic results does russia want to see after the summit. first of all the world has entered a new stage of fighting the crisis well most countries already show an economic growth it is still very unstable. you must be very careful about discontinuing economy support measures demand still needs to be supported so there is this continuation of anti christ as measures will be a prolonged to process of the less we're looking for ways to create private demand but we expect private demand to break through different methods are being used including selective support of central banks and others it is very hard to find the best solution but joint efforts by countries have been fruitful so we hope that the whole world is not going to fold back to new problems. probably tell you that.

the us just poured six hundred billion dollars into their economy do you think america is exporting its crisis abroad. you don't wish to we shouldn't put it this harshly now i think. at the first station the federal reserve took the brunt of the crisis as. saved in other countries by creating sufficient demand. at that stage the fed played the decisive role as did the european central bank. those two institutions played the critical role asked for this stage discretion must be used well taken action on the world market i wouldn't call it a crisis expert right away although this money can have a very different effect on different countries no doubt it will help the usa and the usa will remain the driver of the global economy however that easy money flowing into developing markets may boost asset prices so some countries may

experience certain difficulties and i wouldn't say though that such measures a go into drove a soul into another crisis with that thank you. so much for that. let's talk about china they control their currency raising production and exports germany is also a leader of exports do you think one could call this economic egoism. with a good well speaking of china it really is pursuing a somewhat different economic policy and now it is notorious for its lack of flexibility we say that within common coordinated efforts the exchange rates must be more flexible this is what we must aspire to i can say though that we must move towards this as fast as possible if china devaluates its currency now the world may not benefit from it that much the world isn't going to and as much as china is going to lose china is also a driver of growth these days so i think the flexible right policy should be

implemented gradually. today i detect certain minor displays of i go to isn't on the part of some states before. the u.s. criticizes china for devaluing the want but are practically doing the same thing with the dollar russia has reacted i think we can say calmly to this is this because russia doesn't want to tell other countries what to do is that the reason. you see at the moment russia isn't bothered much by these problems we're not suffering much from this policy now although in the medium and long term perspective we do hope that china adopts a more flexible policy today neither the policy of the us not the policy of china can hurt us much which is why i would take a moderate position and always see compromises and common consensus within the g twenty we occasionally act as an intermediary both within break and the g twenty in the search for consensus with russia says it as one of its roles as well with the.

government right now. but there's still a lot of talk of the currency war intensifying in that case will russia get involved and will it have a choice. probably more with the best in those problems can get worse such a possibility exists and it is widely discussed today if some countries keep trying to obtain competitive advantages by out officially keeping their currencies low this may lead to other protective measures being used so she's terrified galatians and export bans we will see a wave of protectionism. so we need to find a path that we will all be able to follow without seriously infringing on the balance of interests of all countries we should not please some countries at the expense of others. this is why we think we should be considering ways of increasing flexibility of exchange rates there have been propositions here to determine

exchange rates according to the current balance of payments and to impose maximum limits on the balance of payments well we haven't been able to implement that policy at this summit instructions have been given to finance ministries to consider these measures before the next summit the decision has been made to work on this matter and to hone that mechanism although the measures themselves were not implemented at this summit second the responsibility nomic policy which shouldn't lead to currency wars like this one must provide limitations on budget deficit and foreign debt like the master treaty now we need to develop similar criteria for the world economy which is something we discussed two years ago during the crisis most likely today we will agree on the road map the schedule of developing such regulations those are just first steps which will eventually lead to a situation when there will be no imbalances that have to be corrected by way of currency wars second we should limit currency wars themselves with those

limitations on the balances of surplus payments. these measures are under way now but most likely they will be ready by the next summit of the will to live from seven. but two years ago leaders also proposed to fight protectionism and in fact it got worse i guess. it is. there that people would well we agreed in toronto probably would refrain from any additional protectionist measures as far as i know there has been little protectionist activity since toronto what you are talking about must have occurred before toronto when some countries were taking measures to save themselves. right now countries refrain from protectionism although we all realize that some extreme measures are needed to make sure such protectionist barriers to not appear again and use the buddy you to follow. them during a meeting of the finance ministers ahead of the g.

twenty the bric countries strengthen their role in the i.m.f. what does that mean for russia. to suggest we must always cooled an untold position with the bric countries on the other hand brics position including that in the i.m.f. will grow much stronger after the quarter distribution that is to be approved by leaders at this summit absolute proof bric countries will get into the top ten biggest time of shareholders' russia will be the month india the eighth brazil the tenth and china the third biggest shareholder. that means that i'll share in our contribution in iraq to citizens who grow to just under fifteen percent which is close to the book in stake which is usually fifteen percent or so russia's role in the i.m.f. decision making has definitely grown bigger. than our system of each. president.

the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. for most of it and you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now what we're discussing now is just the opposite how to make those exchange rates more flexible meaning that they're not back to any natural resources like gold you could pick him to move forward in a way to fulfill the puzzle. how much of a chance is there that we could see countries the world's economic powers switched to a multi currency reserve. by me to go a bit is a i think in future as the economy globalized is the need to create a certain basket of world currencies is going to rise it's going to be many years

before we get there though look at what we're doing with you know bit. thank you very much for your time. this is just a parliament building in. sixty five years ago. it was the final target. to move through from some from the army. its country became the symbol on the fall of the financial system the. big three older nazi germany. the fall of the. wealthy british. holds.

the. markets. find out what's really happening to the global economy in. india in the movie. the gateway to the grand imperial trilogy to tell us to. read this and the hotel retreat. two thirty am in the russian capital good to have you with us here on our team using your headlights leaders of the g. twenty nations agreed to try and avoid deliberate currency devaluations an all out warfare but doubts remain over whether they'll stay true to their word washington

has accused beijing of artificially keeping the water weak to gain a global trade advantage and. a leading newspaper and. ames a senior russian intelligence chief moose and we did says blew the cover of a lot of balls in the biggest spy scandal since the end of a cold war publication claims the man was a double agent and helped washington with intelligence gathering. and israel forces pro palestinian charities underground after accusing a number of them of having terrorist links the israeli interior ministry stopped issuing permits to many forcing them to continue their work illegally. coming up next our special report looks at the red army operation that freed europe bringing with it the fall of the nazi stay with us here on our. feet.