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former russian tycoon mikhail khodorkovsky awaits his sentence after he was found guilty of stealing oil and laundering profits. and then i will go outside the courtroom in central moscow bring you over wages details on this high profile date . we need to cut the spending yes we need to cut spending you not a chorus in the u.s. senate but as education and health care are suffering major cuts war funding remains immune. and shady dealings the bank of moscow falls foul of the law as it's suspected of laundering billions allegedly pocketed by the x. mayor's wife.

this is r t coming to you live from moscow i'm marina josh welcome to the program at a moscow court is to sentence former oil tycoon mikhail hotter kosky after convicting him of investment it's a second trial for a lot of kosky is coming to the end of his previous jail term for tax evasion and fraud charges as well and all the following developments outside the court in taiwan all the reading of the verdict is entering its third day now. is the judge any closer at all to giving the sentence. will the laura seem to believe that the verdict will be finally read before new year's however it's still too soon to tell what exactly is going to happen however there's nothing unusual about the fact that it's taking so long the procedure itself just the way it works in russia is first the person is announced to be either guilty or not guilty and then the judge goes into the details of the verdict itself and in this case the verdict itself is three hundred pages worth of paperwork so you do the math how much time it can possibly

take to read the verdict last time when. most of his former business partner david you were found guilty of money laundering from one of the largest private companies in the work that was. revealed the verdict almost two weeks so it is still too soon to tell what exactly is going to happen back then they were sentenced for eight years that was back in two thousand and three those supposed to be released next year and many are saying that if. when the review the verdict is finished reading this time. touring could be have to be extended to fourteen years old together doesn't play better what that you would be accused of rather were found guilty of this time let's watch this report by michael we did it was all of. the court concluded that medical skin blocked all neighbors if planned and carried out a complicated scheme of embezzling oil and money through dealings with three smaller

subsidiaries of ucas some modern you have to guess you gonski have to guess and all oil extracting companies each was forced into a deal that was highly on profitable for them but extremely profitable for you can see there was out billion dollars worth of oil still and by that. through you can here's how it worked the oil was bought from the companies i don't moment. price said by ucas it was then sold at the same level to offshore trading companies secretly owned by her that skin labored if when it was then resold at market price they pocketed the difference six billion dollars was moved offshore through tomsky after alone. so that basically means that sniff out his former business partner but the live in chief were recently found guilty of stealing twenty seven billion u.s. dollars worth of oil and now the question is what the sentence will be like. well

how did this case has triggered strong reaction both abroad and was then russia what more can you tell us about that. well there has been rather critical reaction from the west although this case germany has said that it is a step away from what nice zation. wash washington has the south that this particular case you dearly worsens the situation with the civil rights story with human rights in the country however russian officials ignored all those provinces saying that this is the mastic case it has to be solved within the borders of the country and that should be no pressure from the international community on the courts on the matter of money laundering by. these or the business partner. this issue rest. of the traditional system of the russian federation.

any at them exert pressure upon the royals or on the couple. in his recent interview will still go to the russian t.v. channels the russian president has on this court that nobody has the roy beginning to feel with the ball worse over the course. while the defense of course does not agree with the verdict they're saying that after the verdict is still finished to be rad they're going to make an official appeal to the russian president and what it takes to prove their point is to go to the european court of human rights then they're also very to do so when we're over here in central moscow outside the courtroom watching. as the verdict is being read. or it is high thanks very much indeed for bringing us the very latest there. and the u.s. federal debt has hit its highest level in over sixty years but while the public sector

is certain to suffer a major cut the military budget continues to get rubber stamp approval r.t.g. hoppus finds out how necessary wars are for america or whether they are just an addiction. if there is one issue that both sides of the aisle agree on and we need to cut the spending yes we need to cut spending it's cutting spending to reduce the country's budget deficit even top pentagon officials acknowledge it as the country's most potent problem the biggest threat we have to our national security is. the federal government's debt now stands at thirteen point eight trillion dollars and is projected to hit twenty trillion by the end of the coming decade we're not going to cut the budget. just so. the country's military budget now seven hundred twenty five billion dollars a price tag of epic and historic proportions the largest since world war two. it

includes one hundred fifty nine billion dollars for america's wars in iraq and afghanistan the reality is this is what america does neal calls like robert kagan who urged war with iraq long before nine eleven helps keep this reality alive by equating military might to global leadership and world domination we intervene in grenada nine hundred eighty three panama ninety nine iraq nine hundred ninety one somalia nine hundred ninety two haiti nine hundred ninety four bosnian one thousand nine hundred five cost of zero nine hundred ninety nine afghanistan two thousand and one in iraq two thousand and three. the united states spends nearly as much on military hardware fixed. years and training as all other countries combined we see at a time when there's twenty five to thirty million people who are unemployed or underemployed where forty seven million americans can't go to a doctor when they're sick there's limitless funds limitless resources for the war

budget the military budget is hardly ever questions their town that is dominated by its industrial complex. advertisements lined the metro. commercial showcase the latest hardware and politicians cave into the lobbying campaigns and you can see it by the budget figures that the united states is in fact a warfare state it's addicted to militarism it's addicted to war spending and it's addictive the war profits this is where the war profiteers are headquartered tearing over the pentagon this place is known as contractors row and it's from this clear point we see there were valving doors there which employees from the defense contracting enterprise one job to the government and likewise a significant number of officials in the government the pentagon and the cia fly into jobs in the military industrial complex despite this military contractors spend close to thirty five million dollars lobbying congress according to the

congressional research service defense contractors also dish out substantial amounts of money for campaign contributions in election years meanwhile a congressional watchdog group found in two thousand and eight over one hundred fifty members of congress had one hundred ninety six million dollars collectively invested in defense contractors and so as lawmakers scream louder too we need to cut spending and federal spending for education health care and social services has been reduced cutting the military budget which makes it over twenty percent of the federal budget is not on washington's agenda jan hottest r. t. washington d.c. . and the u.s. government has spent more than eighty billion dollars on intelligence this year and that's three times more than the last figure it disclosed twelve years ago john young founder of whistleblowing website kryten dot org says the american government trains those who leaked the information so they can justify spending billions on

intelligence. there are schools to train people like bradley manning are doing just that on the internet it's at fort huachuca this is one of their training syllabuses that we publish as they. teach young people how to run the sting operations but you're from a shoot to test the system build something called a team should be teams that do combat on the internet probably a part hackers to do that in fact her favorite employees now and such groups no one knows more more conspiracy theory than spies do national security out of bravo's conspiracy theories all the time but they put out the story that it's just a conspiracy theory as always contemptible but in fact they're the ones who cooked up the threads that are for more complex and bizarre than anything we ordinary people could ever cook up and they get billions to fight it. and if you watch the full interview in just over an hour's time here on our t.v. still i have for you this hour siberia military might close team take to the land

of the cossacks test the bravery of the marshall man. and of us a geisha is underway into how moscow airports dealt was bad weather conditions which stranded thousands of people flights are slowly getting back on schedule after days of delays and cancellations airports are working hard to clear the backlog but many people are still waiting for their flights freezing rain ruptured power cables leaving the largest airport somebody had about without electricity for hours at another hop i stopped runways and many planes couldn't take off frustrated passengers said they had received no information about their flights reportedly tried to break through passport control and many people in both airports complained they weren't given enough food and water or hotel beds that they were promised. almost seven and

a half billion dollars were regularly spend on construction in the capital and these are the preliminary findings by russian government auditors on how state funds were used over the past two years while your english was still mayor the president fired him into tambour citing a loss of trust but as a canary a cartel reports alleged fraud involving the axe mayor continues to come to light. what's called the workers at one of moscow's banks are facing jail for lending too much credit and trust to the city's former mayor your english golf and his wife russia's richest woman even the buckboard and find themselves of the central yet another scandal prosecutors suspect them of laundering some thirteen billion rubles almost half a billion dollars in a somewhat primitive that seemingly effective for a lot the bank of moscow owned by a friend of which golf is accused of approving a whopping great loan to dummy company which then used the money to buy land from

the mayor's wife was here. the scam was carried out under the control of city who and luzhkov personally in three months this premier estate company appeared and with little more than three hundred bucks in his account managed to get a loan worth five hundred million dollars unbelievable it was clear the company may not pay it back and could evaporate then this premier state company board learn from but soon are covered debts bankers across the world are committing suicide the eggs man's wife came out squeaky clean. on closer inspection and to peers that the bank of moscow may only have been a middleman in the transaction suspiciously a couple of weeks before the loan city hall gave the bank fifteen billion rubles and it is should new shares prosecutors suspect this was the money given to prime

your estate to buy land from the mayor's wife many are now wondering did the mayor really steal the money for the love of his life the alleged scam haggard mosque of ice face a vitiated deal was so blatant it looked as if the former mayor took the money from the city budget wrapped it up for christmas christmas for it from his office and presented it to his wife in full view of the young. the price paid for the land also raises questions seven million dollars perhaps tear of land on moscow's outskirts is astronomic experts say and there is no sign of any construction taking place all of these adds to the bad smell left behind by the former mayors acrimonious x. it. will of the months instead of promoting himself and playing political games the mayor should have worked the city has a huge number of problems corruption is going through the roof this is unheard of

it's impossible to get anywhere through fair competition someone who gets all the work contracts and tenders who has always won until recently as the mayor of moscow used to say those who exhibited outstanding business skills and prove their right to work on these projects are the most talented entrepreneurs but we know what kinds of decisions were made. to. know that these allegations are out in the open experts believe those in charge will be forced to pick up the tap at the work or glasgow got out of the case has received too much publicity this people will have to pay one should not forget that the man has changed so if they don't pay up they'll be jailed to friend those in charge it will be easy there's a loan agreement in place. so the consequences of lush coughs controversial time as mayor are still being felt and it could be that it's small time bank workers that will be paying the price of alleged big time corruption exhibit

pressure r t moscow. and our stories are much more always be with our website our team dot com here's a taste of what's lined out for you why tourists are the latest weapons being engaged by israel in lebanon as the bitter rivals launch competing wars and theme parks to do have their points across. and hundreds of people in southern russia thought they were about to welcome visitors from another world as they spotted a u.f.o. in the sky more down to earth explanation. twelve people have reportedly been killed in a military cargo plane crash in central russia the twenty two came down of the tool region south of moscow it's believed there are no survivors a preliminary investigation says it may have been caused by engine failure prosecutors are now looking into the crash and also take a look at some other stories from around the world in the west african leaders have made a direct appeal to persuade ivory coast president laurent gbagbo to quit he warned

that he faces military action if he does not pass power to. whom the united nations recognizes as the winner of last month's election more than one hundred seventy people have been killed and tens of thousands were displaced due to violence following last month's disputed ballots. airline schedules on the northeastern coast of america are struggling to return to normal after severe blizzards caused thousands of flights to be canceled services have now resumed into and out of boston new york and philadelphia but having snow and strong winds are still causing delays thousands of travelers are expected to be stranded until the end of this week as the situation is only improving very slowly. so we're flooding continues to cause massive chaos across northeastern australia nearly a thousand people have been forced to flee their homes and around three hundred

roads across queensland have been closed including two major highways to the state capital brisbane authorities have declared several towns in the region disaster zones as the worst flooding to hit the area in decades and more rain is predicted over the next few days. the russia closer team continues its journey exploring more of the country taking us to the region in southwestern siberia. it lies more than two thousand kilometers from moscow and the region has a continental climate with cold snowy winters and hard drive summers the main city omsk is the administrative center for siberian cossacks who settled there in the sixteenth century to embark explores the military my of the martial people. excepting soviet times has always been on the frontier of russia it required people to come here and build it from scratch and then to defend that front both people

with the cossacks and it's their strong and self-sufficient local culture but i'm examining in my report. the view from the end of a cossacks beer but not to worry the young cossack on the other end knows what he's doing he's part of a tough rural tradition which has lasted for centuries. much now similarly if they start teaching us friday when we turn servant into trickle at the age of thirteen the billion chance abilities are as for me i was a very good do i do horse at eleven as well as i can handle a spear and a saber got to go after aman the others have a demanding daily schedule and horse riding is the glamorous part of the youngsters in the village built this gym themselves and now the training in it will have a lot to do to prove themselves as hunters and horsemen with training communally fosters a team spirit fulfilled in this cossacks society. a team

spirit necessary for the cossacks noblest pursuit hunting on the sharp end the beloved fast russian dog that bred to perfection over centuries and not for any ordinary prey. even though they were selected for this speed and anger because they must be able to get the better of a wolf. raghuram is master not just of his hounds but of this whole course village he's called the atom out and he has to show skill in leadership from solving village disputes down to training dogs to catch hares. although he prefers the larger prey will always more restrictive be a likely route in old times to get the chance of becoming an atom and it was. prestigious to bring home a wolf tied up the three in a war after the day's outdoor training we caught up with our ottoman at the evening

meal and he tells us about their history the cossacks originally came from lands far to the west of here but they proved a useful militia force conquering and securing siberia for the czars in return for grants of land. here before and if the idea was to create villages along the country's border so that people are bound to the land they're living on. the cossacks strong independent traditions were disliked by the communists they were suppressed and marginalized since the end of the soviet union they've been trying to rebuild our self-sufficient way of life especially when it comes to resisting the bad habits of the city. it's no easy matter living in the country of course but on the other hand if we're protected from the harm of the city from drugs alcohol smoking would go. but tonight at least the elders of the village who are allowing themselves a few liberties. with me to talk more about life in the siberian villages is alex

jude you've been here for a while now in russia and in arms and you've also traveled outside the big city so how would you compare life within the cities of russia and outside them. well i'd say the obs is quite a lot more provincial than some piers where i was before. have over the u.k. i've crossed a small town in the north of england so i'm used to the small town life i also been to the villages around of spin in the region people there are much more down to earth they're tied to the land all of them have a lot but it's not farms they keep animals their. fears lot more healthy than what we have in the big cities and supermarkets and so on it's all locally grown it's a tea coffee and sugar. and i guess you could say the lifestyle is healthier except boys leave it drinking is the stereotype most of people do they're just as. they haven't got much else to do. but also the people there are a lot closer to each other and they got close to that close knit communities

because they rely on each other a lot more than say in a bigger city. ok so you've described a more close to lifestyle family values are going to great connection to where they're wrong how would you say that that helps people there to survive the greatest challenge that there is which is the ferocious russian winter and i'd say that song which is calling of all console russian culture in general. like the west where we were much more individualized take care take care of themselves so that people here in russia and especially in the russian villages have to have to look out for each other just because you can't rely on number one all the time. and if there's something which lacking. the material in terms of family care like child care and so on are the first people you'll turn to russia will be your family and your friends and neighbors and songs so something essential and so that's been a sea oil type tactic in russia from the whole the coming this time and touring the

country time differently so that song which continues its avails today this is a view there from someone outside russia seeing life in the russian verges and it seems that those close knit ties and strong family values are enough to get people through even the worst of the russian weather. and an exile latest business news with you leon.

hello and a very well welcome time to delve into the world of business well the slow recovery in foreign investment russian banks have been helping business out this year they increased the volume of lending to nonfinancial enterprises by ten percent to iran thirty six billion dollars the average interest rate for long term loans declined to around eleven percent while a few months ago it was a road food chain but for his prime minister vladimir putin says that level needs to food further to support you and right. now it's time to take a look at how the markets are performing asian stocks the high on wednesday the hang seng is up more than a percent chinese banks and proposition as well on the rise after recent losses and high crude price is supporting energy produced the nikkei is around hundred percent higher although it's always by strong yen demotion fell zero point six percent as well it's kind of. and in russia the sort markets closed in the black on tuesday

helped by stronger crude prices. up more than quarter of a percent on the my side scheme just a notch and it just stocks were on the rise of with rosneft up more than one hundred percent on my sex. rational stocks will see a positive start next year with high commodity price supporting the market that's according to mark rubenstein i've seen. in commodities we're seeing we continue to see strength in commodity prices and. yeah in there with oil segment and then the middle segment and this is just another sort of indication where are we heading for the next year which i think we're heading this conclusion days of the year or is this just a good time to sort of look at your positions and think our strategy for the next year. government is having another go at improving russia's notorious grows this time by increasing spending that's according to the head of russia's federal road

agency must leave the ship goods upon util the. next year from the federal budget a total of around three billion dollars will be allocated for all the roads in the country that's an increase of over twenty percent from two thousand and ten which that's why we plan to increase the level and volume of road maintenance. russia's aluminum giant roussel has rejected the sale of its stake in the rules back to the company that's according to daily vegemite state the world's nickel offered to buy resellers twenty five percent stake for twelve billion dollars but the elem indian company wanted four billion dollars more to offer mate and the long lasting battle for control over the mind of twin it to the main shareholders who sell and interests holding. so in the business we have time for now are joining me less than fifteen minutes and you can get more stories from our web site r.t. dot com slash business.