russia and the u.k. team up as oil giants rosti have m.b.p.s. watchdogs in a multibillion dollar deal to explore the tap natural reserves of the arctic. but will this look like a russian government owned company taking five percent of the forum with strategically important oil reserves a little the world including the u.s. business talks to chris with the investor reaction. federal employees of the heart of the u.s. capital won't live the high life new think or show their take home double the money of your colleagues in the private sector struggling to make hands meet across the crisis gripped the country. and schools in indian run kashmir choose education over separatism in the fines a violent warnings to cancel classes. this

is r t live from moscow i'm marina joshie two of the largest oil companies in the world russia's rosneft and british petroleum are joining forces they have sealed a stock swap and agreed to extract the tapped riches of the arctic sea bed together the deal said to be worth billions of dollars and is being endorsed by both governments lore and it reports from london. calling this deal a groundbreaking strategic global alliance it's the first major partnership between a national and international oil company when the deal is completed will own five percent of b.p. says valued at nearly eight billion dollars and b.p. will own almost eleven percent of prime minister putin says the russian government's behind the deal. i would like to let you know that the government of

the russian federation supports this joint operation this is a project that could become global and have a significant influence on the world's oil and gas industry. arctic reserves are estimated to be five billion tons of oil and ten trillion cubic meters of. such a project may require tens of billions of dollars of investment and state of the art technology and we are fully aware of the risk. together the two companies are going to explore and develop three areas on the russian arctic self the outtakes of massive resources as yet unproven rosneft already owns the license for the field which cover around one hundred twenty five thousand square kilometers r.t. spoke exclusively to deputy prime minister following the signing of the deal. is working on a new strategy aimed at transforming the company into an international energy holder or deal with b.p. is of course part of the strategy to great deal of experience including the gulf of

mexico oil spill cleanup operation b.p. has learned from this experience and our joint venture will be carried out with the greatest level of measures aimed at protecting the environment we've been working with b.p. for many years they're competent and have strong experience of russian companies arguably a deal with rosneft improves the energy security and it also puts b.p. on a firm a financial footing following last year's massive oil. in the gulf of mexico but the question on everyone's lips is whether b.p. will partner up to developing the outtakes following that huge environmental disaster but b.p.'s c.e.o. bob dudley says the company learns a lot from that and they're ready to move into the delicate environment has been working with ross now for twelve years now and we've been working on the arctic for since two thousand and five was working with cycling we know our capabilities our exploration capabilities and i think to be honest we learned

a lot about what happened in the gulf of mexico shaken the company to the core we're going to renewed focus on safety risk management and the technology that's new for the environmental care what we do the deal is a two way street the russian government's probably creates a favorable economic environment meanwhile b.p. hopes it will improve russia's investment climate. reporting there now experts are calling the deal a huge boost for both companies and countries international trade consultant philip de leon says b.p. has plenty riding on russian potential b.p. has invested so much in russia they cannot step away the stage and russia still needs the expertise of western oil companies in its mutual interest and it's interesting because you know they had to sell a lot of has. spilled in the gulf of mexico to put money aside for the recovery from well they are saving their money for russia other than selling this thing and they're investing more so it means that b.p.

is there for the long term the potential of russia is so huge if it's not them it's going to be somebody else so it's really a question of who gets in first and they were world position be put aside their difficulties from the past and decide to move forward. and you can get more on this story in our business bulletin a little later in the program here in r.t.e. the meantime government workers in washington d.c. are taking home on average double the wages of their private sector colleagues according to the newly received a revised rather u.s. census meaning the very people in charge of getting the nation out of its financial hole are living the high life artie's preassure looks at whether they're really working twice as hard. across the united states unemployment lines and lines at food pantries and homeless shelters has marked what's been called one of the worst recessions in u.s. history but there is one special place that remains untouched welcome to washington d.c. the city full of power players pundits and politicians outpace nearly every other

city in the country when it came to job growth this past year one thing is sure about this recession is that the public sector employees have been relatively sheltered compared to the private sector so just how well are federal employees doing according to the latest census numbers the average federal employee made a whopping one hundred twenty three thousand dollars last year in compensation and benefits a private sector employee cashed in at almost half that sixty one thousand dollars public employees i mean is are a powerful you know voter base for pro-government dish and so of course they're they're very unlikely to go after them wait a second wasn't on wall street that you saw greedy fat cats sucking away america's cash at the expense of everyone else remember what president obama said about those guys i did not run for office to be helping out

a bunch of their fat cat bankers on wall street while politicians in the media seemed obsessive lee focused on the lavish payouts on wall street who knew that at the peak of the recession last year federal workers in washington got an average raise of four percent more than double the national average they have more vacation they have job security lots of things that the private sector doesn't have in the first year and a half of the recession private sector jobs shrank by almost seven percent however here in washington federal civilian employment glu by almost ten percent the divide between washington and the rest of america is even more evident if you take a ride to the spry. following suburbs just outside the city home to d.c.'s influential lobbyists and lawyers with those the potomac fairfax virginia if there is one man who knows the montra location location location it's eric stewart one of d.c.'s luxury realtors seven and

a half million dollars over ten thousand square feet it's in one of the best locations of all the potomac feeds a great school district very desirable for the average american upscale consumer stewart isn't worried about sales we're sucking jobs into the washington d.c. area which is causing prices to actually have stability and it's not just stylish digs that d.c. has fat cats can afford. this upscale restaurant in georgetown the reservation list for a weekday dinner is fall it's called release the right side of the same table mrs clinton you know who is now secretary of state came many times just a lot of people come from the hill and big big law firms while one in seven americans rely on food stamps at me shelvey shard citron now an average couple isn't shy to shell out what most couples make in a month on a meal with the tax and temperance of a six hundred dollar range or whatever it may be and some nights we do as many as forty fifty. people love it at a time when most are struggling to survive it seems like the lucky in washington

are living it up preassure either r t washington d.c. and a little later this hour we'll show you how one event of russian is rewriting of the rules of winter travel. spawns cater to spice up the cold season for you with speeds of up to one hundred fifty kilometers per hour through a land ice snow and even. our russian journalist at a white house briefing has caused something of a media stir with a question some have compared to the cold war rhetoric of old after offering his condolences. over last week's arizona shooting rampage under ac tof asked if the spree was an inevitable byproduct of american style freedom press secretary robert gibbs responded firmly that the actions of the gun man were totally un-american saying the nation's values never allow for violence the gunman is in custody after

opening fire at a political rally at his song grocery store last saturday six people were killed and thirteen more injured including representative gabrielle giffords andris it off told r.t. if he thinks the u.s. is oversensitive when foreigners they are to question its domestic policies. after the briefing i was approached by a number of people and they talked to me very professionally. i would say in some instances even sympathetically they definitely knew where i was coming from and i was coming from the simple desire for the media comes to have a discussion of this that is pretty sensitive and that would help prevent such incidents in the future what i was surprised was to find in the blogs and by could respond it's from the white house press corps that a menu of them treated this as a resurgence of the cold war i think this is that it was definitely misplaced it looks like there is a double standard here where an american journalist in mosco was asking about the

internal politics of. a hero and the defender of human rights and democracy and if russian journalist in washington d.c. shows up with a sensitive subject over internal politics here then he is somehow and then you have the american people. and russia has not taken up an invitation to tour iran's nuclear facilities that follows the insistence of russia's foreign minister sergey lavrov that such visits shouldn't be substitutes for official u.n. inspections some international and boys are currently looking around nuclear site to powers china also used the offer iran extended the invite a number of nations but the u.s. western powers say was an attempt to divide them and there's international concern only iran's nuclear ambitions stop a run insist its program is peaceful and the offer was merely a goodwill gesture but experts believe annie such hams are doomed to failure but

they do so from ever there has been a start in negotiations or talks or whatever and didn't have a doubt certainly there may be some people who thought that they could create the fish are already if but. you never managed to really break. p five plus one formula. the behavior of russia and china just shows once again that it doesn't work i think it's half expected such and such a reaction however the iranians wanted to show two things to their own domestic public that this we are ready to negotiate you have to see it with a second step the iranians did it again to which their own public namely to boost. the blast about their own new newly achieved technological progress which is not true but again it sends a message to do also of course inside iran who are highly critical of when you

engage with the international community that both things iran can be solved comfort them and it wants to negotiate important. let's not take a look at some of the stories from around the world and tunisia's president ben ali has fled to saudi arabia after weeks of unrest and violence the country's prime minister has taken over as interim leader the end of president ben ali is twenty three year rule marks the first time an arab leader has been deposed by popular protests demonstrators have been calling for more political freedom and better economic conditions clashed with police left at least twenty dead with human rights roots claiming that the number may be as high as sixty. fresh rains are hampering ongoing rescue efforts in southeastern brazil following the worst floods ever seen in the country at least five hundred people have died in the natural disaster in thousands who've been left homeless mountain villages have been swallowed by swallowed up by landslides and officials say the death toll is likely

to rise. forty's in india say over one hundred pilgrims have been crushed to death during a stampede at a religious festival in the southern state of carola scores more were injured and worshippers were on their way back from visiting a hindu shrine when the accident happened reports say the stampede was triggered by a car driving into the crowd sparking panic. to in the administered kashmir now were schools have decided to do without the traditional four month winter break that's in defiance of separatist demands the close and support of calls for independence pupils will instead make up the academic days they lost over the last year due to massive protests against indian rule our current singh met one of the young victims of the latest separatist attack in the area. in srinagar if this is all that it means for the school bus it was goodbye a walk in forcing a general strike called by separatists in the capital of

a needed mr bush meat luckily the only child of the six year old. was rescued by first they poured petrol under the bus then they smashed the windows the bus driver picked me up and took me out of the bus then those people so far that this attack was meant as a warning to schools which would mean all the frequent strikes fooled by separatists and want independence often even spread of the bus attack many shut down for the day but not the issue of school i wanted to show. those miscreants maybe every feel if you. had to live difficult to survive separatist leaders have condemned the attack which is at the center of a public backlash separatist independence focus we need which has been administered by india since british rule in india with most parents ignoring this right calls

any separatists are we considering that it should not be counterproductive i mean we are giving a strike call because we believe that we do present apartment present people in it and i think if people are giving you a response that you need to think something else you need to have an alternate means other four hundred dollars than just strikes you need to come out with something else that's where we need to sit together and farm out a threat of during the widespread violence of children what i'm equal to it for four months and last year. i just don't feel obama got it was no wonder then that we didn't find it easy no parents are adamant that you school with militants like it or not we should be proud of finding that the people in kashmir. any serious about educating their children. and especially the. children.

fifteen and spends most of. us in the next. meanwhile have decided to keep school during the meeting so that students can recover. what is happy with this decision but infrastructure in question is so poor and it's all so pathetic that schools that they were don't have windows and doors how can you help you know how can you hit them how can you warm them it's going to be freezing cold and it's not i mean it's a have. to have a window because it's not i mean they wanted as you know and they had to but then why are we suffering if we have nothing to do with you going to. the next. cool. weather or not the academic future is going to be impacted life entirely in

the hands of religious right and saying r.t. . while you're watching r t coming to live from moscow remember that you know always had to r.t. dot com for more stories and we are in line for you twenty four hours a day but here's a look at what's available there right now moscow is demanding london either charges or free is russian national academy now the two of us are accused of spying for the kremlin all the release on bail she has to obey strict conditions while waiting at the for taishan hearing an october. and getting cash is difficult want to bank a.t.m. is fake that's what people in ukrainian capital kiev have to learn the hard way. plus fifty million dollars worth of art a stolen from a russian businessman a country residence of paintings by prominent russian artists find out who's to blame on r.t. dot com. out

it's the season for getting your skis and skates out but if you are looking for a faster way to get around you might want to check out the winter hovercraft invented by a russian aviation engineer as a glides over the snow at speeds over a hundred kilometers per hour parties where if a national want to try it out. russia's snow drifts in the winter oh impossible slush in the screen can make life hard for many but this one can go just about everywhere it's. a race. thing was. was that. the right.

thing was. the russian punk skate to can travel at speeds of up to one hundred fifty kilometers per hour make an italian deal as a snappy runaround or a had turning hobby emotion course through the siberian man bought one his house is on one side of the linda river his body out on the other he said i'm so lazy to travel over with gary is it so easy for both of us to shoot one monk called me and asked whether we can get a trailer with two beds and the hatch inside the cockpit for fishing on the ice. garry's was designed in the town of cough ski home to russia's annual international asho and buy for my avocation engineers not surprising than it has a lot in common with its wings and brothers some of them is patented features a great handling and improve safety it's got a very strong roll cage even if you capsized only going to get is lots of adrenalin we're thinking about installing an airbag another bit of know how is the propellant

it's mounted up front it's covered so there's no chance of a scarf getting into it and dragging its owner into the blades besides it's warm and dry in there. the raw currently only four gary says in the world but soon its creators say it could become mass common as scooters and bicycles. there are plans to start mass production next year now we're looking for sponsors and facilities and for those who want one they're queuing already so there's no problems with demand just not just for. today it may only be two seats floating in a question of air but if you float an upgrade idea past the engine years they're more than happy to listen that is of course if you stump up the twenty thousand bucks price tag if the carries floats your boat. or if notion r t moscow region. of reserve today time for some business here is with you who is here with us this

hour and you of course we're talking about a b.p. deal with ross now tell us more about what and what are the business analysts saying well marina b.p. as investors are already optimistic i mean it's what talks last night it's the company's shares rose as much as two point seven percent to an eight month intraday high in new york according to many analysts russia is a great place to look for oil and gas it's not nearly as mature as the rest of the world whether some analysts fear the tie up might upset some investors who fear russia taking control in any area. well we'll have more analysis during the day but let me first give you some background so b.p.m. snap's have agreed to jointly develop a number of projects on russia's optic shelf the fails potential capacity is around three point five percent of the world's proven oil reserves and roughly five percent of the world's gas reserves well mages have also agreed to swap shares b.p. will provide five percent of its shares worth around eight billion dollars in

exchange for nine and a half percent overall snapped our correspondent to go to school takes up the story . this is truly a massive project according to the russian prime minister vladimir putin it may affect the entire global energy industry russia's oil company and also britain's energy giant bruce petroleum have reached several agreements in joint projects in developing offshore oil and gas deposits in russia and in third countries at this point we don't exactly know which third countries that we're talking about how we do know that russia is arctic shelf was also mentioned this is one of the last great unexplored hydrocarbon basins on the planet and so we know it's highly prospective it's large in size we need to do the seismic work and interpret it and then begin drilling wells and then so what we're talking about is the beginning of a fifty year project that could be producing hydrocarbons in five to ten years

they're talking about deposits of up to five billion tons of oil and up to ten million cubic meters of gas these or point impressive figures and according to the russian prime minister the do still need to be checked but he did seem confident that they reflect the reality both. b.p. have agreed that such an ambitious project will need big investment and new technology and for that they've agreed to create a new scientific centers in st petersburg and in movements which will monitor this . on all of its stages but peace on the. the deal will help to acquire expertise of working shells in hundred cations in the arctic region british petroleum does have this expertise and we're sure this project is strategically important for both sides last year's environmental catastrophe involving b.p. in the gulf of mexico was also discussed and the company's chief executive robert

dudley has said that b.p. has taken its lessons from that disaster and it will pay much more attention when it comes to environmental safety and management especially when it comes to the arctic shelf and its unique environment b.p. has been working with the russian companies for two decades now and both sides have agreed to that this has been a fruitful relationship and they've said that this latest ambitious project will be no exception. correspond to go to school reporting them from arrest and have to leave foreign technical expertise to excess oil and gas deposits in hard to reach offshore areas and it's a corking from says b.p. will be able to provide that know how while sharing in their resource bonanza. the importance is. rosneft. gaining access to

shelf fields that have not been developed so far and probably competent without major international partner with years of experience offshore rush's show waters probably have plenty of potential to talk about billions of tons of fuel equivalent potentially but so far we've only seen development limited to a few areas and sold them led by a russian company. well let's have a quick look at the russian markets here in russia stocks saw a slight correction on friday but over the week the my sense gained three point four percent and the r.t.s. around five percent making brushes the best performing work in markets off here to date. the russian stock markets came out strong in their first week of trade after the prolonged new year holidays especially with one of its traditional drivers oil at a two year high sales trader john high is all from citibank explains to the stocks

that were the main drivers i would say this week were rosneft stocks a lot of the large energy names in two thousand and ten lagged the market in general this week both of those stocks traded above key resistance levels and were able to hold those levels we saw quite a bit of the matter that one of the reasons why the russian market did so well this first week commodities are generally very strong crude oil held above that any dialogue for a deputy i seen brant closing in on the hundred dollar level once again so as i was a very supportive for the russian market also metals were quite strong so we have time for knowledge join me in less than one hour time.

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are lucky. this is street still keeps its secrets but now it's time to reveal the fitness of the soviet files house on the embankment and.