has doric agreement as oil industry leaders rather than have to be peace want dogs worth billions of dollars. that teaming up to explore the untapped natural reserves on the arctic sea beds i'll have more from london in just a moment. the lavish mansions and cool may rest rooms of washington d.c. but not for everyone and government workers enjoy bonuses and pay rise this is the private sector that is bearing the brunt. and school children in indian run kashmir as warping the winter break for classes in defiance of separatists finds.

a very warm welcome see this is r.t. live from moscow with me alice had this to all of the world's oil giants russia's rosneft and b.p. are joining forces to explore the potential energy treasury of the arctic sea bed the companies have sealed a multi-billion dollar stocks war and are now planning to. be buried off russia's arctic continental shelf there were met reports from london what the historic deal was signed. this is a deal they've been discussing for months you have to be p.r. calling this a groundbreaking strategic global alliance and it's the first major equity linked partnership between a national oil company rosneft and an international oil company like b.p. and what's happened is that they've done a share swap ross nast has got five percent of b.p. in exchange for nine and a half percent in ross net it's very important that the governments are on side as

well and in fact a meeting was held with prime minister putin before this deal was signed let's hear what he had to say about the support that he's going to give this particular 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 russian's 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 risks involved which they've agreed to together to develop and explore three separate areas on the russian arctic shelf and that covers an area of one hundred twenty five thousand square kilometers b.p. has been working in russia for twenty years it was really the natural choice and there's a strong belief in russia in the competency of b.p.

to carry out a project like this in spite of the disaster that we saw in the gulf of mexico last year and i spoke to. him who's the chairman of ross nafta and one of russia's deputy prime ministers here's what he had to say about why they chose b.p. for this. is working on a new strategy to transforming the company into an international energy holding model our deal with b.p. is of course part of the strategy they've gained a great deal. 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 are competent and have strong experience of russian companies so there is a strong relationship already in place between b.p. and rosneft before this deals even been signed and of course this is a large area this hundred twenty five thousand square kilometers is going to

benefit both sides and the extra expertise technology and cash of course will be needed to be to be brought in so that's where b.p. comes in the piece incredibly contrite now about the gulf of mexico oil spill the new c.e.o. bob dudley was brought into specifically to rehabilitate the reputation of the company if you like following that disaster and he's certainly going a long way towards doing that he talks a lot about it talks about how much they've learned and the chairman of ross sniffed actually said to me expression which basically translates as once bitten twice shy he thinks that specifically because b.p. suffered this disaster and was blamed for it particularly by the americans they will think twice about what they're doing next time so a company like that will have been versed in what to do when an environmental disaster like this happens so they're not they're not green in any way dudley and

it talks about how contrite they were and what they're going to do so make sure that another disaster doesn't happen let's hear what he had to say has been working with ross now for twelve years now and we've been working on the arctic for since two thousand and five with ross stuff working with charcoal and i know our capabilities are exploration capabilities and i think to be honest we learned a lot about what happened in the gulf of mexico shaken the company of the core we're going to renewed focus on safety risk management and the technology that's new for. with environmental care what we do this is a project that they're looking at looking at over a term of about fifty year is so these reserves are still unproven in the oil and gas reserves in the arctic so one of the first things that they'll be doing doing is looking to see just how much oil and gas is down there. it's not clear when we're going to see them actually drilling a hole in the ground and bringing out so oil and gas so we'll just have to wait and see while the deal boost the already long standing ties between b.p.

and russians energy industry international trade consultant says the company has plenty riding on the potential of the agreement b.p. has invested so much in rush hours that they cannot step away. and russia still needs the expertise of western oil companies and it's mutual interest and it's interesting because you know they have to sell a lot of. the oil spill in the gulf of mexico to put money aside for the recovery from well they are saving their money for russia didn't sell in this thing and they are 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 he put aside their difficulties from the first then decide to move forward. well for more on the details of the deal between the two worlds islands to watch a business twenty minute time. on the crisis in america it seems not

everyone is done on the knees particularly government workers in washington d.c. their dining out exclusive goal may rest have been million dollar mansions all while the private sector colleagues suffer from job cuts and unemployment takes a look at fat cats daily many. 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 we to second it 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 your 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 lie. 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 grew by almost ten per cent the divide between washington and the rest of america is even more evident if you take a ride to the sprawling 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 stuart 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.

is fat cats can afford. this upscale restaurant in georgetown the reservation list for a weekday dinner is fall it's called at least 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 or the types of intemperance of the six hundred dollar range or whatever it may be and some nights we do as many as forty fifty. and 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. so they had food this teachings a lesson. and indeed that kashmir's of five warnings to. choose to make up for lost time. thanks.

to our as your eyes on this new africa capable of speedy travel whatever the weather. iran's invited. all of its nuclear arsenals is going ahead despite many key powers including russia declining the offer will love must be refused along with experts from the e.u. china and other members of the un's nuclear watchdog trans main allies turkey and brazil also not taking part while the u.s. wasn't invited or russian foreign minister sergei lavrov said such visits should not be substitutes for official inspections or six party talks the west the specs iran's building a nuclear bomb all to run insist it's only working on peaceful atomic energy and of crucial six party talks on its program iran's being accused of trying to create

a rift in the many of those by inviting some to torrence facilities while clearly snapping up its but experts believe any such attempts are doomed to failure. do so from ever there has been a start in negotiations or talks or whatever and it never worked out certainly there may be some people who thought that they could create the fish are already if but. you never managed to really break up. five plus one formula. the behavior of russian it just shows once again that it doesn't work i think it's half expected such a reaction however during its wanted to show to things to their own domestic public that this really are ready to negotiate you have to see it with a second step the iranians. it again to which their own public namely to plaster about their own newly achieved technological progress which is not true but again

it sends a message to do circus inside iran who are highly critical of any engagement with the international community that both things iran can to solve confident and it wants to negotiate important. now an indian and minister to kashmir schools and without the traditional four month went to break they decided to play catch up after separate his bonnets and care fees force them to close in the summer but as aussie with charan singh reports their move is all thing the beginning of a backlash against separatist amman's which they clam up paralyzing daily life. in srinagar this is all that it means for the school bus it was good in forcing a general strike called west separatists in the capital of a needed mr bush meat luckily the only child of the last six year old. was rescued . 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 defeat would strike school just one independence afternoon spread of the bus attack many schools shut down for the not to shoot school i wanted to show. those miscreants maybe ever feel if you don't. have to live difficult to survive separatist leaders have condemned the attack which is at the center of a public backlash separatist independence for which has been administered by india since british rule in india with most parents ignoring this 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 did present a party to 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 order that

means other for than just strikes you need to come out with something else that's where we need to sit together and farm out of strategy during the widespread violence with children what i leave school for four months. and last. but i know you are just there to mock us it was no wonder then that we can find an easing no parents are adamant that you attend school with the militants like it or not we should be proud of our own thing that the people in kashmir. be any serious about educating their children. and especially the girl children the girl child. has four children all of their looks acted like the. fifteen who spends most of her day love the glassed in extra tuition. polities meanwhile have decided to give school during the harsh winter so that

students can recover the last. one 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 want them it's going to be freezing cold and it's not i mean it's sad i ought to have a window because it's not i mean they wanted as i did it when they had died but then why are we suffering if we have nothing to do with the as i leave you going to. the go next the swedish who's clearly affecting people going about their lives with these issues now being caught up in the political tussle if it is called. whether or not the academic future is going to be impacted life entirely in the hands of the little button saying r.t. . or you can catch more on these and other stories on our website altie dot com here's just some of what's online few album minutes it's about that you think the

white plague is on the right lines the modern day britain the disease has been connected to poverty and demographic shannon but is knell for adding to low risk groups. promise marriages of love of the arts some are also that it may simply economic crisis forced them to tie the knots to gain material advantage of out of allergies all calm or why don't head to only you tube channel instead. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. operations throughout the day. and world news in brief this hour

a huge we're going to miss the left at least forty two people dead i made a wide spread on the rest across the country hundreds of security forces are patrolling the streets in an attempt to restore order after weeks of violence according to officials president ben ali who fled to saudi arabia on friday or not returned to office the parliament speaker has taken over as interim leader with elections expected within two months clashes over food and fuel in facial and high unemployment have left more than twenty dead but rights groups say the figures of three times that. rescue workers themselves these and that brazil are still struggling to find people trapped on the landslides because of renewed rains in the country at least five hundred fifty people have been confirmed dead thousands more been left homeless on to the worst flooding in the country for decades for calls predict more heavy rain will hit the region over the next few days with officials

saying the death toll is expected to rise it's. a group of gunmen have a type of convoy in southwestern pakistan these are fourteen oil tankers carrying fuel for the nato troops in afghanistan with several of the militants a driver was also injured during the attack more than half of the supplies for u.s. and nato forces in afghanistan through the stop. more but on good pilgrims have been killed during a stampede at an annual religious spectacle in the southern indian state of kerala dozens of others were injured reports say this. paid began when a jeep plowed into people on a crowded road the worshippers had been on their way back from visiting a hindu shrive authorities have ordered an investigation into the tragedy. now russia may not be the easiest country to get around then in the depths of winter but a team of inventors believe they have the solution they've come up with

a new hole of a crop capable of travelling both on and off land at speeds of up to one hundred and fifty kilometers per hour where for national went to check it out. russia's snow drifts in the winter oh impossible slush on the screen can make life hard for many but on this one can go just about everywhere this. was. the russian point skater can travel at speeds of up to one hundred fifty kilometers per hour making it ideal as a snappy runaround or a had turning hobby emotion courts think that if you're the siberian man bought one

his house is on one side of the linda river his body out on the other would be he said i'm so lazy to travel with cares it's so easy for both of us to shoot when mom called me and asked whether we can get a trailer with two beds and a hatch inside the cockpit for fishing on the ice. garry's was designed in the town of cough ski to russia's annual international asho and by former avocation engineers not surprising than it has a lot in common with its weened brothers some of them is patient it 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 adrenaline with 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 glades besides it's warm and dry in that pressure. 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 as for those who want one they're queuing already so there's no problems with demand justice. today it may only be two seats floating in a question of air but if you float an upgrade idea past the engine ears they're more than happy to listen that is of course if his stump up the twenty thousand bucks price tag if he carries flights here. if notion r t moscow region. now a little later we reminisce about music art and culture as our moscow out scene takes you back to the u.s.s.r. . from propaganda to seven there are many calls inside is in here a large part of the exhibition is on industrialization and many aspects of the

cultural worlds were under government control but the art world still flourished in the u.s.s.r. and today soviet suspecting the highest prices at various ass options around the world. we'll. back in time in around five minutes here on r.t. for love and let's get serious with a roundup of the weekend business news had to be pretty. low on welcome to business r.t. good to have your company b.p. and rosneft have indeed agreed to jointly develop a number of projects notably on russia's arctic shelf the fields potential capacity is around three and a half percent of the world's proven oil reserves and roughly five percent of the world's gas reserves you all majors of 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 in rosneft only we spoke to constantin seaman of the head of the national energy security fund and he says the deal will promote investment in russia. i think it's an excellent deal for both companies and not only for companies we can also mention the interests of russian federation us speaking about b.p. company of course we know where it will be story in mexican gulf and after this the easing the serious need in a good news if you're supposed to say it's also bad is why for b.p. of course it's an excellent use because. you are in the last half of the year b.p. will say and say it in salem its assets and now there is a serious increase in possible increase of the role of b.p. in russian business for it was nifty it's also good news why because. now it was found the really serious partner in the west and we know that. he's preparing for.

we can separate ization of this company officially our government said assume in the few years it's possible to sell more than fifty percent of the private investors think for the russian business climate having such is such a deal is is a good idea absolutely because you know that i said about last year because russian government during all two thousand and seven soon we will have the realization of. weeks of tax regime the british of our world war you were speaking about for the lesson because. he made two thousand and eight president signed the floor about for investment it was strategic industries and there were huge discussion that now we see because in the russian market now we want to show it because and. there will be a special tax regime all these are the project because of course we know the price of production will be where you see this and first of all we know that there is a special. project i think that maybe there will be

a special tax issue for spokesman project that there will be a special room for b.p. and we'll see a joint venture know what. those are so i think it's a good use of all that is why now russia will show that really. we want to change our tax and resume for the worst. what do you think the most immediate investor reaction on the stock market on monday will be. the price on the. scalping new company will be increasing its very very very very easy to focus. let's take a look at now how the russian markets closed on friday and there was a slight correction but overall the week was positive and was positive for ross never bought on friday's session it was down zero point six percent before the news of course broke on the deal. over the week the my six again three point four percent the r.t.s. five percent making russia the best performing emerging market of today. so the

russian stock markets indeed came out strong in their first week of trade after the long new year holidays especially with one of its traditional drivers oil at a two year high sales traded on highs all from citibank explained to the stocks they were the main drivers i would say this we were left. 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 which are quite a bit of demand of them and one of the reasons why the russian market did so well this first week commodities were generally very strong crude oil held above the knee level. we've seen brant closing in on one hundred dollars level once again so that's obviously very supportive for the russian market also metals were quite strong. and so we are for now but you can always find more stories on our website that dot com forward slash business headlines are next stay with us.

children dow see about eight thousand by the end of elementary school five two hundred thousand violent acts by the age of eighteen from movies television shows to video games children's twenty four hour news channels is now it seems every day formulate

a staples industrial in. those while those who say. if asleep it was. good for the earth. and journalistic future but most of the violence you see what i call. in god came down from heaven and stopped. amen a mormon and a free one. makes the pill easier to swallow. everybody loves come. repairing a broken. highway construction and she managed terry in eight. bucks a shady official spoke at the spoils of war it's the people who pay the price. profiteering here is no longer just down to drug trafficking.