so to. say don't need to go and. read this in the kernel was her job as a retreat. obama's race to ratify as the president tries to save the russia reset with a final appeal to get congress to agree on the nuclear cuts treated. and on the other side of the atlantic president bush is for common security in europe telling the always seize summit that the stereotypes of the past have to be overcome. but we should be doing is saying to our friends and we will help you come out of the euro and get back to having euro currency as a new wave of anti austerity protests across european capitals experts say it's time to reconsider the euro zone's membership policy. because it's the last kick of the game for the football world cup betters trying to impress fifo officials a day before they make their choice for rochelle among the favorites to host in

twenty eighteen. that's three pm here in moscow this is r t coming to you live with me and he said now a first stop president obama has used his last opportunity to support for u.s. legislators to ratify the nuclear arms reduction treaty with russia before the holidays as republicans continue to stall the process obama wants the senate to put aside political squabbles and focus on security cam is following the meeting in washington. obama basically has two weeks or so to have his arguably major foreign policy achievement passed by the senate and his pushing really hard the christmas break is coming up and after the holidays if by then the treaty is still not ratified there will be some dark days awaiting the obama started more republican senators will come will take office than many of them are skeptical about the

treaty but this is the substance of the start treaty its content has long stopped being the focus of discussions here in washington on the partisan game sort of scoring a political point seem to be more important to some politicians don't that what's actually at stake and that's the point obama's been making for weeks what murtha's call for republican senators to step away from this all while main desire to undermine his presidency and really look at the treaty itself and how important it is for the u.s. national security take a listen once i reminded the room the this treaty has been vetted for seven months now it's gone through eighteen hearings it has support from senators of both parties it has broad bipartisan support from their tional security advisors and secretaries of defense of sectors of state from previous administrations both democrat and republican and that is absolutely essential to our national security we need to get it done if you look at key questions concerns

whatever senators had regarding the new start those were all addressed the country's military unanimously testified in support for the treaty and number of former secretary of state both republican and democrat former defense secretaries all said having starred is in u.s. national interest so there is a huge bipartisan support for the treaty among experts but not on the hill and obama has very little time to change that the start treaty is not just about reducing both countries' nuclear arsenals by a third it's seen as a symbol of trust between the two nuclear superpowers and obama made it clear that further cooperate. plans with russia could really go south without these key trading places he stressed how important russia's assistance is in afghanistan how crucial russia's cooperation was on iran and the aspect of the u.s. and some other aspects of the u.s. russia reset and everybody here realizes that the new start is sort of

a milestone of this we set. our teams going to japan reporting there from washington now the talks over the atomic treaty gets peter the valves cross-talk panel fired up in about twenty five minutes time here's a quick preview. our enemies of an improved u.s. russia relationship in the united states but the point also has to be made that there are enemies of an improved u.s. russia relationship also in russia and i think this agreement by getting this agreement ratified we will open the doors for greater cooperation in the future ok if i go to you you agree with the ambassador there are people in the political establishment rush would say yeah i see you can't trust these people see you can't ok and it feeds upon the extremes on both sides unfortunately the extreme in the us seems to be mainstream i.

want. i. well the start treaty is the basis of rebooting relations between moscow and washington another reset of ties on the table this time between russia and the european security group fifty six member states of the a west c e have gathered in kazakhstan for its first top level summit in more than a decade their russian president dmitry medvedev is pushing for a new security treaty for europe and it's ready to resolve differences over conventional arms on the continent r.t. is not on the recovery has more from a stunner. president it has sad that. our vision for security and cooperation in europe is currently seriously outdated indeed the last hour see summit took place eleven years ago and a lot has changed in relations between russia and or c. in the past eleven years relations have been severely damaged during the hears of bush administration and russia had to pull out souls agreements on conventional

arms in europe because all of the u.s. plans to deploy its missile defense shield in europe and russian president has said that there's a need to modernize always seen of course because of the reset relations between russia and the united states as well as recently during his annual address to the nation russian president has said that there is no other way forward but for russia to cooperate with nato on its a.m.d. plans for europe and to introduce nuclear warheads otherwise and nother arms race will begin he also spoke of the end of his ability of security and the pan european security treaty proposed by the russian president back in two thousand and eight has been discussed for nearly two and a half years now and russian president during this summit has said that maybe it is not something that can be decided over just one summit and even if we're looking

for into the future that i always see is a perfect platform for these discussions on the new european security architecture let's listen to what president did it had to say but it was the new treaty we have proposed would be aimed at guaranteeing common security for europe i think everyone who supports it it's been discussed for two and a half years maybe the stereotypes of the past to still strong a mission initiative is ahead of its time but its turn will inevitably come. and it's accuracy a lot it received a lot of support from the european leaders who have spoken during the summits and they have spoken in favor of president invidious idea. archies in the tie you know because the reporting there from will stay with us because later we'll be discussing this issue live with victor museum a political analyst from the institute of strategic assessment in moscow. but first emerging threats of there's no european missile defense agreement came up in conversation between the russian premier and us prime time talk show host larry

king jr putin said that of joint efforts a new european security fail russia will have no choice but to ensure its safety by building up forces but several other topics also came up including the latest wave of wiki leaks with putin saying it was no catastrophe because it was such a poorly kept secret but he did last out at the assessment of his relations with president medvedev saying the comparison to batman and robin was are again an ethical clinton's interview airs on c.n.n. on wednesday evening in the u.s. and is likely to be the last statesman to appear on larry king live as the veteran interviewer will retire. here with r t live from moscow still to come on the program for you a big decision or a big part of. the world cup election enters its finishing stages we report from zurich where the traders are playing their final rounds ahead of the crucial vote. another eurozone country might need

a financial bailout soon italy which is the third largest economy that uses the euro currency has started plunging in the same direction as greece and ireland it comes as fresh protests sweep across europe with people angry at facing tough cuts to pay for it all earlier my colleague carrie johnston spoke to european parliament member nigel frosh who says countries are trapped inside the euro zone and should get out to save their economies. if spain went down remember that the debt they've got is about seven times the size of our law and so we'd be talking there about three hundred fifty billion euros and italy bigger still and so you get to a point where there is no more bailout money where the euro in its current form would cease to exist i don't know whether that will happen in the next few weeks but it remains a real possibility ok but in fairness the european commission president said on sunday that the eurozone isn't to blame for greece and ireland problems and welling's would have been much worse without the euro isn't there some truth in that there is not

a single piece of evidence for those claims by barroso or the room point whatsoever listen when arlen joined the euro there were people like me saying there was no benefit for the country as most of their overseas trade was denominated in sterling or dollars anyway and to join the euro they would have to have artificially low interest rates and for the first seven or eight years of their membership of the euro irish rates were three to four percent lower than they would have been had the irish kept the point what that meant was that the property boom became the most massive speculative bubble and that's why the bust is as bad as it is and now finds ourselves in the euro where euro zone interest rates are going to head up over the next couple of years at the very moment that they're trapped inside a deflationary downward spiral or i will euros have a crisis because i just listen to their foreign may i mean look at the case of britain then as in an e.u. member signed up to take the benefits of european harmony isn't it right that they

treat pain when times are hard you can't have your cake and eat it any more let's examine what these benefits are show way i've been here for eleven years as an m.e.p. and i will struggle to find them because if what we're talking about is free trade is the ability of companies to buy and sell goods from our next door neighbor in countries look the swiss do that without being you members but all we do that without being members so if what the us. the kingdom wants is free trade she can have that without being part of a club that makes three thousand new rules for us every year and cost us a membership fee of nearly fifty million pounds a day of the seven billion pounds that the british government has said it will guarantee for the irish frankly is money poured down the drain what we should be doing a sign to our friends in our land we will help you come out of the euro and get back to having your own currency otherwise frankly we're wasting this money despite all the troubles for example this stone year is looking to join the euro by two

thousand and eleven i should say why would the zone except new members and they'd all this struggle oh because this is an empire mr gross said i think two years ago he said that the european union was the first ever nonmilitary empire and what empires try to do is expand so they'll have it into the euro and they'll try and make creation join the european union next year of the year after they think that all the while they're expanding people will say well it must be going well it will take their attention away from what's going on with him sadly it's too late all the opinion polls show that in germany in greece in britain in our in the right across the european union increasingly the publics of europe are holding the political class that have done this to them in increasing contempt. well for more of what nigel frost has to say watch the full interview at r.t. dot com or head on to our channel. those bidding to host football's world cup are about to make their final presentations to feed with the big

announcement due on thursday in the twenty eight hundred race russia locks horns with england which is considered its main rival also running our joint base from spain and portugal and the netherlands and belgium artie's elect leaders have reports. twenty eighteen we believe this banner at russia's latest international friendly describe how fans felt about russia getting the world cup but does the country with a rich football tradition stand a chance of becoming hosts. the dutch coach of the national team certainly hope so even though his home country is among the bit is we need the world term vision because. the infrastructure. because the majority of the. many experts agree with that notion believing that russia lags behind its rivals in terms of food infrastructure but that is about to change

according to those behind moscow's bid this is the denominator stadio moscow's oldest this is where history's greatest football goalkeeper russian left spent his glittering career the game's legend did not live to see his home ground being transformed it is now under construction to become an ultra morden stadium. all in all russia plans to build sixteen stadiums for the world cup games a graphic presentation shows clearly that all grounds will be high tech the head of russia's bidding committee says even if it loses the right to host the cup it has won in other ways to look at sochi and every promise that we have made to the city is being fulfilled right now. we do have a lot of things to build but it's but it's no secret and we have already started that even. the first choice. of sixteen stadiums will be built

regardless of the outcome of the december second footballers playing both in russia and abroad are relishing the prospect of playing on world class pitches but they say russia needs the world cup to both revive its one strong football traditions and to open the country to the rest of the footballing world. will be playing at that cup anyway but i think it will be the biggest victory for my country if it gets this world cup it's a game brings people together. it's a huge storm in europe even south africa is a great success you know and something like that is a huge thing and i'm sure the people are a short rope and. experts say thursday's voting in syria will be completely unpredictable the british press however believes that russia's bid and the joint one of spain portugal are favored to win the russian delegation heading to switzerland hopes it will be able to impress defeat executive committee just as russia's olympic bid team did in guatemala to win the winter games for sochi.

russia. reporting from moscow. well artist tests are silly as in zurich where like the world cup voting will take place on thursday sales more on russia's chances to win and the scandals behind the. let's have a look at the a bit currently in the ready for the hosting rights and it's and today i have to present or add to a forward to have a bit more insight about that this how does russia fare compared with the other competitors and i think russia's bid is very strong simply because it is so different from its rivals its main rivals which are england and the joint bid from spain and portugal and russia has never hosted a world cup before england had it albeit back in one thousand nine hundred sixty six and spain had it in nine hundred eighty two and feature is very conscious that it should be giving the world cup to new parts of the world on top of that faith is very interested in the development of a legacy in the country so for example if russia was awarded this world cup it

would be the catalyst for huge amounts of infrastructural development so perhaps that would take a box that other nations wouldn't take there was a lot of scandals and you get out to the last minute there's still scandals of surface it all but these never happen voting process yet of course faith isn't happy with what's going on but particularly i don't think we are happy to come out and said this because the english media has led to the suspension of two feet for executive committee to committee members after they were alleged to be involved in corruption a b.b.c. documentary that was aired on monday then claimed it three other committee members that were involved in bribery this is something that fee for. but whatever you think about that it's clear that the fee for example committee members are not happy in english big fears that that might lead to a backlash when it comes to voting. when we are across the bidding for you on the line let's have a quick look at what else we're bringing you today our team called russian history

forced thousands of letters photos postcards and drawings of the last of our family are going under the auctioneer's hama. and me one girl you don't want to mess with the teen sumo wrestler proving she's tough enough to beat the boy. we're going now to one of our top stories that of the fifty six member states of the o.s.c. a gathering in kazakhstan for its first top level summit in more than a decade russia is pushing for a new security treaty for your up and is ready to resolve differences over conventional arms on the continent well for more on this i'm joined now live by victor me that was a political analyst from the institute of strategic assessment here in moscow

thanks for being with us mr museum president made vegas has and russia is ready to resolve the differences over the european conventional arms treaty what will it take to really do this and what's the significance of the timing. but i think it's very significant starman because it's presided by guys like start which was very. very good if they should before the boss but we know it's one though that glows this the lives of russia where we are we are a great. great glows. and also we in russia big. thing for those of the boys see we don't get much interested. in. yes i'm going to as a show should become truly a working a good musician which good. it's very valuable to

contribute to the stability in the region now with this proposal over the new security treaty a pan european security treaty which would take the interest of all countries into consideration has been looked at with quotes from optimism but one of the real chances of seeing any kind of treaty signed in the near future. well of course it's not that russia is seeking to do is a band already existing organization like made european the union the always what you see for that matter i mean the idea of so-called but videos and later all of the treaty on the european security just to avoid these situations where these security of europe is divided where there are some

dividing lines where military conflicts or even the gresham's of like. georgia against some of them a serious share and that's why russia sits on the kodori furbish to reinvigorate the current network and all for existing organizations that are asia the only so you can do that. now in his state of the nation address on tuesday president medvedev said there's a clear choice either deep cooperation or a new wave of conflict in fact he warns that it could turn into a new arms race but what extent does russia have to go to how far does it have to stretch out its arm to come to some kind of cooperative agreement with the west. well you know russia is not seeking. any kind of confrontation just calls leads from where i'm from calling assaulted to you know receive.

the interest of russian security as some call infringement goes where civill it is for any kind of response but what russia wants it's a very secure environment just personally on its borders because we needed for the on the go in very deep. large scale but then if they show which just to make a big deal at the cold war and i think the russian diplomacy was the way back to the first day in the last year of looking forward very interesting the very innovative balls also the show you three deal and european security included but we will certainly be watching to see what comes out of this summit in kazakhstan for viktor museum political analyst from the institute of strategic assessment thank you very much for your time. well you're up to date now from the news desk business is next with stay with us.

welcome to our business program i'm sure on a. hydropower holding those hydro has expanded its ambitions along with its investment plans it will spend at least three billion dollars on new plants while modernizing old ones will stay out but five out of thousand megawatts profits are up ten percent so far this year at over seven hundred million dollars in the first half of two thousand and ten alone. the investment program for the next three years was confirmed this summer next year we plan to invest over three billion dollars around twenty percent will finance the technical upgrade of the existing plants the rest will fund construction of new hydro power facilities a key priority is to increase the value of the company in this regard the asian market offers outstanding opportunities the region has vast hydro power resources it also enjoys growing economies and business. because a company representing

a whole segment in the energy industry we are interested in a wide range of cooperation from engineering to exploitation this means that we represent all chains in an interested he generation and renewable energy and the asian market is the most attractive for us at this time. and staying with energy euro save energy go a power utility controlled by pasta says it wants to buy three power generator fall norilsk nickel the bit involves paying two billion dollars for a seventy nine percent stake in power generating company three bureaus to go says two banks are already interested in granting credit for the deal if successful the acquisition will make it the largest energy company in russia. now let's take a look at the markets european markets are on the rise following a strong session for most of us in markets with banking and insurance rebounding from recent declines the footsie is up more than one and

a half percent lead by gains of around five percent for royal bank of scotland and lloyds banking group the german dax is up nearing two percent with door to bank over two percent. in russia than my sex in the r.t.s. are both up on the day most blue chips are higher with gas probably lukoil both up over two percent on the my sex. and russian food retailer dixy group has narrowed its nine month net loss to one point two million dollars down from a loss of over three million last year the company says it's improved its cost control measures sales in the first nine months amounted to one point five billion dollars that's seventeen percent higher than the previous year. and russian gas export monopoly gas problem estimates the south stream pipeline across the black sea to europe will cost about twenty billion dollars the offshore part of the pipe may cost fifteen billion dollars at current prices while the onshore section in

europe is expected to cost half of that investment decision on the project is to be made by mid april. will raise profits twenty nine percent in the first nine months it cited higher oil prices and a favorable settlement in ownership dispute earnings came in at around six point eight billion dollars under international accounting rules look all credit cost controls with generating record free cash flow. as for investment around eighty percent is planned to be spent on exploration and production twenty percent will be spent on processing and marketing currently lukoil produces around ten percent of its oil and gas to bring the company's going to actively develop foreign projects primarily this relates to western africa we're actively developing the west corna project in iraq we have large projects in kazakhstan by john egypt saudi arabia and latin america royal dutch shell and gas problem to expand their partnership and

explore oil in western siberia and russians far east along with distribution projects in europe the companies have not revealed specific plans they still work together on russia's subtlely an island after moscow for shell to cede control of the project in two thousand and seven on unfavorable terms shell has a twenty seven point five percent stake in south l.a. in project while gas problem has fifty percent plus one share. of government oil export duty this month by four point five percent to over three hundred three dollars per ton the duty on oil produced in east siberia will be one hundred eight dollars per ton from the current ninety eight point eight dollars per ton. meanwhile russia may postpone its first sale of ruble bonds to international investors the euro crisis has led ruble boss to tumble as investors avoid ass as they consider risky russia's also suffering slower economic growth and higher inflation than other bric countries russian officials say the sale of three billion

dollars of ruble denominated bonds could be delayed until two thousand and eleven. russia's budget spending for two thousand and ten could fall by up to five hundred billion rubles that's around fifteen billion dollars deputy economic development minister andre cliff potch says that the drop in spending will also lead to a decrease in real investment the unspent funds will be channeled back into the country's reserve fund which was set up to cushion any drop in oil prices. and that's all the updates for this hour but you can always find more stories on our web site that's r t dot com slash business stay with us.

wealthy british style it's time to. go. to. market. find out what's really happening to the global economy is a report on. india oldies are made of the move to join the hotel rooms the elevator that's the gateway hotel the grand imperial. towards west coast girl until you can know what that's.