prisoners in iraq after being denied any of them by nato and the no less. and next spotlight hears from inside the kremlin as one of president medvedev ski aides gives us this insight on steady economic ship and its global impact. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on. the world. bringing you the latest in science and technology from around the world . we've got the future covered.

hello again a welcome to spotlight show on our take albert hall and today my guests in the studio is part of. the currency wars which were sending shivers across the financial markets appear to have been defused for now developed nations are trying to secure a more even balance between economies. is russia going to profit from it here's the way to the russian president. russia is promoting its currency the ruble as the new global reserve currency. is the ruble in trade with its neighbors including china but it wants to see two used more a working group has been created in an attempt to improve the reputation of the russian currency the plan is to turn moscow into world trade center the adoption of the ruble as a reserve currency would strengthen the russian economy and give it competitive

advantages when it eventually joins the world trade organization. says the accession into the organization will happen next year but that we've heard many times before. hello mr welcome to the show thank you very much for coming well first of all let's talk about the g. twenty that is just that the just took place well first of all on the g. twenty leaders agreed and so to abstain from devaluation of their national currencies and this as president medvedev has put it i quote inspires optimism about the future what can guarantee that this agreement will be implemented when be just a piece of paper as we say in russia. two things one small correction leaders agreed to abstain from our competitive devaluations for national currency which

implies. that gives this. water in a sense of artificial the really not all mixes of a spoiler you know a lot of the way that the fundamentals of a particular economy are two things that make a believes that this commitment is really effective one one thing very important is the way our previous commitments of the g twenty leaders. have been met one with example is a commitment to refrain from protectionism you could see much worse station in the world without that commitment taken back. in washington the first summit of the leaders. all can this introduce some protective measures but without the commitment to refrain from major form of protection we could see where it is that could divide the world altogether and the second thing is

a reputation political commitment to leaders implies that britain's commitment. to deportation under these leaders do not want to see. you say i quote you know actual policy of printing money can increase the risks of. money markets especially emerging markets to to to be near to the to be risky and current meanwhile the u.s. keeps pumping and pumping billions of dollars of printed dollars into its economy doesn't it contradict the g twenty decision what about their reputation have a banner. from what i know from what i know from our finance minister and at the central bank they are from an informed by years of mystery sion by feel treasury and until it is your for about forty says about in mounds of four new ones being an issue and this allows them to

to make steps to alleviate pressure on the market in this what is really important in a garment in central bank sovereign right to conduct policy is. that they believe or are needed for the national economy but what is important for us is to know what they're going to do and to react without excessive for motion on. reaction constructively or magically. making good risks lower and this is what leaders agreed on they agree that the finance ministers and central bank are governors will need frequently will discuss those things will consult each other really develop a set of irons indicators that will help them do it work major imbalances well that brings us back to your correction when answering the first question so. as as far

as national governments are informed of what's going on even in the united states to bring to bring dollars as far as far it's a competitive you feel more or less safe about it yeah you feel safer. nothing absolute in this world we still say for into it is important. is. that we also know what the plans are very. other boris's like fiscal policy was commitment to making toronto to reduce budget deficit by two fault in a sea to four year period if all countries feel. this commitment then risks will be substantially lower the russian national news agency really noticed your rights i quote south korea proposed an idea of creating a global net of financial security is it true does russia support it tell us more

about it is that one of the original ideas of the korean president. to create a called the global financial safety net and the financial safety net so include both global instruments governed by the international mind the front and to other international financial organizations and to such instruments were developed. before the summit in seoul into or approved by leaders instruments that create much more flexible conditions for countries that found themselves in problematic station to. request global health and he was help without breaking people taishan all together in a second component of the original. apart regional areas. were your neighbors will help your local finance i your to be station programs in feel

share. with other countries and with you so those two parts we'll continue the new system is not the bretton woods two yet we're not there yet but it's one of the elements of the future. new future global mind filesystem. speaking about risks many experts today speak about the risks of the cheap dollar and cheap you wind for russian economy is there a risk that the ruble will start becoming too strong. well be there for. inexperience already or is overweight it will. in the way of probable was higher than the supposed by from the mental due to higher inflation and capital inflows that hurt before the crisis and creates risks for for the economy what is important is that the rate of

appreciation of the national currency is not higher than the rate of increase in efficiency of labor productivity and energy efficiency and other efficiency indicators we believe that at least at this point in time the medium term perspective. would potential to increase efficiency even faster than the rate of increase in the real value of robel and this will keep us on the safe side and will not expedient thing in negative and second so far what we are or requires that's very very interesting to hear that from me because this is i think the first time in my lifetime that i hear from a person like here in the government to to to be betting on increasing efficiency of the economy not on the wall price in something else this is interesting well the only think we can bet on right now there is no no way we should rely

exclusively on our community exports and global prices prices are all tile and we. experience that during the crisis when both physical demand and prices went down and we lost a lot of revenue for. the focus of our present our government right now is to you know falls in with the musician plan and to increase efficiency of the russian economy and they are safe i was the most occur in our production and our exports so it's the only way we can perceive it great ok now there's still another quote i want you to comment on it comes from robert zoellick the head of the. of the world bank and he wrote in the financial times recently quote this system should also consider employing gold as the national reference point of market expectations about inflation deflation and future currency values

and culture is russia supporting this idea of increasing the role of gold well. this. phrase. by robert zoellick the president of the of the world bank is always the exact. reference to what the president needed if that two years ago one of the summits one of the strengths and it's that we are advocating expanding the basket of reserve currencies. and we should also think about the role of walters' one of the ways in. fact that we should means russia is a supporter of the russian russia is a supporter of the sadia it's still to be discussed what exactly the old world could be. we are far from the. suggestion that the world should

become a new standard and to move again to the gold standard. risks involved in such a scenario. could be even greater than than the current station but we could see a greater role of those new regional. of course it's in gold in the new mine to the system and this subject is going to be caused by both experts finance minister central bank governors and leaders i during the french presidency a conference french presidency in two thousand to have been so aide to the russian president to our close spotlight will be back shortly we'll continue this interview in less than a minute out to a break so stay with us don't go. seventy

six hours of intense fighting. six thousand desert of beach front battlefields several kilometers long. and now there is only one person who cares. to see we are surrounded by garbage everywhere but also there are. on this beach which of course is the very most appropriate city signification a symbol of everything that's wrong with our goddamn government allowing not only garbage but to accumulate where so many guys died. a new battle is going on. will the history be protected. returned to tara while julian cooper story on our t.v. .

sweet and clean. and fair useful. radioactive and dangerous. and even dead and desolate. fail to keep their unique secrets their bottoms unique lakes on our t.v. . welcome back to the spotlight i'm alvin of and just a reminder that my guest here in the studio today is out of the out of the presidential eight eight to the russian president dealing with questions and problems our economy we're discussing the the g. twenty summit that took place in and korea and russian world economy. this is not correct nokia famous communications company is said to be starting its business or

whatever in skulk or the russian innovation center during the apec summit e.u. said japanese companies expressed an interest to bolt towards the skolkovo project to sell not only the finns but the japanese to which particular camp companies can you name them how soon can we start doing some. of those tools cocoa project. has already attracted interest from all parts of the world in the finnish and different companies because for huge interest from our other european countries our agents in countries like korea in particular were the president of the ballot a leader as well and american companies many american companies who want to participate in the project it's called cover is already flagship project for many people. many investors professionals who are coming to russia. can

question what can we do it's cocoa that the first questions they ask before they ask questions about corruption converting for a month enduring you know and it's important for us and skulk over time could be in the. a driver not just a physical location for four companies but. germany's company is a very good conversation with. mitsui to visit and i miss the basic metals with heavy industries to be. sumitomo company. historia companies joyless you're talking china obviously joins the also our japanese partners about the pharmaceutical sector since we know that in japan this the development of new drugs new from a surgical. quite good shape and i feel recently japanese companies were working. only with pharma giants in the united states and europe and we agreed that we'll

explore ways to world directly with japanese pharmaceutical companies so they can come to russia and invest in russian threats are indeed in russia. the government has approved a five year plan of privatization where do you think the assets but i know you don't work for the gold he work for the president but when i go to sell the assets and the russian changed or abroad london new york paris tokyo where the decision of the government to expand the progression program into privatized so major stakes in large russian company companies. it was. invoked that after the instructions of the president and after the report to the president the president approved the report from the government and says that clears the way for those protestation the reason the president is involved in that all those companies are

in the list of three. companies and all provision deals with those as it should be proved by by the president of the way is open for those certain of the actions. in each individual case. mr finance and mr quantum mia. in consultations with professional as managers professional. financial institutions will take a separate decision on where and how to prioritize in moscow or in london or in new york or it want to know what we're going to get more money exactly also in which way i.p.o. or direct. sale frezza to the strategic investor or auction of the small packages to be to be sold and all other possible ways of doing it and the idea of the reason i ask this question the previous question is

that is that we are reading that that there is a plan or making a world financial financial center and even a special group headed by mr voloshin the excess of the presidential administration is set up to create this financial financial miles inside the russian capital how's it going what has been done so far as certainly we really use provision programme to promote more score is a financial center it's too early to say that most will become the global financial center we are one of the at least what we're starting with the original financial center and that's the first step towards this provision was quite a comfortable place for making capital transactions and you know it is eastern europe regional is eastern. europe and serious former soviet union countries and other direct neighbors in position program is a good instrument to promote most courts. and.

still the overall international financial center programme involves not just pretty vision of russian as its but also making moscow a comfortable place to live for into the business and this is one of the tasks of the new mayor of moscow to do something it's also it also requires changes in the legislation in terms of all options cognate in the. preparation of proposals how to change the financial i just passed legislation to improve for investment climate in russia investment climate in moscow and also it's about administrative procedures about simplified visa and work permit. procedures to. simplify life for people simplify. ways for people to come to russians work to russia it's important for everyone

otherwise people will just not come. let's question is where is. economics where chile and policies like start flocking to get their w t o russian search into their will to go and the position of georgia you said i quote once again georgia is still able to block russia's assertion to w t o but russia is expecting the assistance of some other countries which countries do you mean that could influence georgia persuade. before any country enter there with you or any country can book a session in country since it's a concern consensual if not a majority ward in the arm. till the very last moment until. the in argument comes that a country is to accept the lead sure this is not taken any country including georgia can look russia russia recession. but what

makes us confident that we can go through this process is the real interest of our major partners. both in europe and the united states in russia joining the bleachers. we know that they're interested so it's clear that they will try to help. the there is a technical way to communicate with her for our swiss partners. as our representatives. right now so certainly switzerland will be one of their partners but we also expect the support of our our other partners in this process. another couple i want experts out hold them rather critics of what you do have with the president say that the problem is actually in the fact that the demand for integration products is extremely low in russia as well as the love all up

competition would you agree at least partially to i was fully agree with that view we started walking our own arm of the middle initial program that i visit the same idea that we should to stimulate demand for innovation how can you do something which is out of them on the block this is very oddly this is the way that is this why we should start with militant month and we are trying to do that was in direct way and also in that way. the direct way to do this is to night change the system of government procurement on to all increase the state demand for i knew. and i waited for more than in services and. to prepare the piece of legislation that will. allow our storm require the products services that we are buying should. be in compliance and consistent with the most.

and more than standard is best they were both standards in the world so we were getting most annoyed broad of also we will create a system where we can make the advance order for things that are not created yet which will. make another push for innovations the companies will know that we need something in three years so they will try to develop that something. in indirect way to stimulate demand for innovations is to create disincentives like tax incentives. or. develop new technical relation technical standards for the private sector for people thought that they will start in increasing demand for new products and services will do both really last very short question your boss he seems to want also not only to do the inside the country but start selling russian invasion on the global market and he said negatives i mean

the president he said that is emphasizing the importance of creating popular high tech brands in russia can you name any of them except the sputnik and the they are scanned the some of wired the browns that russia will be famous we don't know yet sincerely begin the process but. our focus besides the big things like nuclear energy and space communications is also small things that people need why current new pharmaceutical products new eighty products and eighty i think in the area were because a clear competes for them that you have good muscle occasion and with good professionals. we are sure that his support visit would conditions they will create something new and this is salt on the wall that there are examples origin like. brother thank you virus products off framus along the warmth of the sun bottles

same thing so it's already working but still seeing so just for us to sink in we'll be good luck to you thank you thank very much for being with us and just a reminder that my guest in the studio today was the aide to the russian president sarkozy got a point and that's it for now from all of us here if you want to have your sales spotlight just drop me a line will be back with more first time comments on what's going on in and outside russia until then stay on r.t. and take personal.

culture is that similar to him it is a huge decision on the mark when the blades of blood and we're going from here the english lead tried to find funny peace settlement among the palestinians and israelis. police

across europe round up twenty six people suspected of plotting a christmas campaign of terror where there was a team reported to be linked to international terrorist networks and militants in chechnya. the impact of the u.s. wars in iraq and afghanistan is becoming more visible on home soil was of late a recent report shows a record number of young veterans are committing suicide each by. north korea attacks and i wonder if the south or the larger parts really far but seoul confirms its forces had earlier farge shells and exercises directed west north russia urges calm from both sides so for an all out war. danish abilities strangely whistleblower we can weeks to find out whether the country's soldiers abuse prisoners in iraq after being denied any information by nato and the u.s. . and next is their hope for peace in the middle east.