a news story agreement as well with industry leaders that have may have to be peace talks and work billions of dollars. even 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 restaurants of washington d.c. but not for everyone a lot of government workers enjoy bonuses and pay rises it's the private sector that's bearing the brunt of the reception. schoolchildren in the indian run kashmir all swapping the winter break for classes in defiance of separatists mylan.

a very warm welcome to you this is all to live from moscow with me alice have but two of the world's oil giants are russia 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 strong form and a now planning to earth there was thought to be burrage off russia's continental shelf more i met report from london with a historic deal was signed. this is a deal they've been discussing for months rosneft and b.p. are 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 process has got five percent of the p. in exchange for nine and

a half percent in ros 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 is 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 called become global and have a significant influence on the world's oil and gas industry. to 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 to which they've agreed 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 now 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 transforming the company into an international energy holding little 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 he 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 know they're not green in any way. and it talks

about how contrite they were and what they're going to do another disaster doesn't happen let's hear what he had to say we've been working with ross now for twelve years now and we've been working on the arctic for since two thousand and five was raw stuff working recycling you 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 and risk management and the technology of this new form. what we do this is a project that they're looking looking at over about fifty year is 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 and it's not clear when we're going to see them actually drilling a hole in the ground and bringing out so well and so we just have to wait and see.

and crisis hits america it seems not everyone is know not down on their knees or all the particularly government workers in washington d.c. that dining out excuse of a restaurant and living in million dollar mansions all while their privacy is a colleague suffer from job cuts and unemployment takes a look at fat cats. 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 we 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 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 tax and the temperance of a 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. . ok let's cross top story two of the world's largest oil companies that rushes that b.p. are joining forces to spill the potential was those off the. seabed let's get some

analysis on this deal now by ben arris the editor in chief of new europe magazine joining us. a billion dollar deal between two oil giants how's that for. this joint venture. i think it's in everybody's interests very happy to do this deal on the. left needs help they're not very good at deepwater exploration and b.p. has. and on the other side b.p. is already the most important source of a quarter of b.p.'s total reserves are in russia and securing oil supplies going forward is key for the company so i think both of them are very happy to tie up on this one but looking back. that they have a long standing ties day but it hasn't always been without difficulty so you can play. best timing. well it's difficult i mean the world is

changing in. the big oil companies. b.p. the others have been taking the lead but going forward increasingly it's national companies belonging to states that are increasingly claiming control over the resources of their countries and so the international companies are having to change their game i mean it's no longer that they would go into a poor country and take and take the profits now they have to share with governments in a very tricky relationship to manage having said that b.p.'s been working in russia pretty much since the beginning i mean this is their joint venture and they become experts at making these managing these relationships and as i say the interests very much in line between the two parties although they could be problems that will be will be arguments nevertheless both sides it makes it's making you think it is something of a trendy thing wealthy similar deals in the future with more companies coming to do business in russia. they were. going to endear them in the end and i

picked up russia just had a massive fourth quarter of deals companies i picked at pepsi co coming in and very much strategic companies looking at russia i mean it has an enormous consumer market and at the same time the materials represent a massive amount of opportunity and companies become very interested in that and post prices the center of the world's economic gravity has definitely moved east on the other hand you've got the russian side looking to modernize the country to bring in expertise foreign investors and so they're being much more open and co-operative than they have been in the. face think it is part of a trend that will continue to gather momentum and getting back to energy sector and looking back still in the gulf of mexico still fresh in everyone's minds in grieving piece when it's already criticized this new deal saying that they take on

yet confounded b.p. we have learned the lessons from that disaster how safe do you think the operations in the arctic will be. difficult to say i mean the whole deal in some sense is speculative i mean they're not talking about even looking to begin production for at least another five years and seventy the the rights to work in the arctic are also being disputed by the various countries that lie on the edge of it and of course the environmental issue is a big one the gulf is in everybody's mind putin alluded to it specifically in his statements at the following the deal's announcement to say that you know once bitten twice shy hopefully that everyone will learn and they're looking at the lessons to be learned from that lesson from the tragedy very very carefully but the demand for energy remains so much money at stake i think unfortunately on the find ways around the environmental concerns and if you. so to do the drilling and of

course not just in terms of the environment but also politically the arctic is a very sensitive region isn't it with many countries al to tap into the potential reserves there so could this still trigger something of a race in the future do you think. i think there's going to be a lot of discussion going forward. to the wisdom of going into the arctic and drilling for materials raw materials and b. who actually is entitled to do work there i mean it's like the caspian sea which has been a litigious point of conflict between the five countries surrounding it for two decades the upshot of that is people trying to pieces that they clearly entitle to work in and work there and then leave the bit in the middle between everybody else so the lawyers to try and sort it will take decades and decades but i don't think that will stop the work beginning at least a barrister editor in chief of the business new europe magazine many thanks for

speaking to us about that deal between b.p. and many. now it's all over iran's nuclear science is going ahead despite many key powers including russia declining to iran's invitation most a refused along with experts from the e.u. china and other members of the un's nuclear watchdog when iran's main allies turkey and brazil are also not taking part while the u.s. wasn't even invited while russian foreign minister sergei lavrov also such visits should not be selfish cheats for official inspections and the six party talks the west suspects around building a nuclear bomb while to run insists it's only working on peaceful atomic energy ahead of crucial things ology talks on its program around is being accused of trying to create a rift in the members one by some to towards the finish he's played nice not being off but experts believe any assault attempts are doomed. stay here. 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 a fish or or a rift but. they never managed to really break up. the peace 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 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 the blast about their own 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 any engagement with the international community that both things iran can be solved confident and

it wants to negotiate are important when in india they have been is that kashmir schools are doing without the traditional full month went to break they decided to play catch up after step which is violence and caffeine forced them to clones in the summer but as our season karen singapore's their move is also the beginning of a backlash against temperatures demands which they claim a paralyzing daily life. in srinagar this is all that remains of a school bus it was bowed by a whopping forcing a general strike called by separatists in the capital of the needed mr bush meat luckily the only child on the bus six year old. was rescued or to die 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 set fire to this attack was meant as a warning to schools which would mean defeat would strike school by separatists who want independence afternoon spread of the bus attack many schools shut down for the

day but not school i wanted to show. those miscreants may be a very few if you. had to live difficult to survive separatist leaders have condemned the attack which is at the center of a public backlash separatist imaan independence focus we need which has been administered by india since british rule in india with most parents ignoring this rankles any separatists we considering that meant hurts it should not be counterproductive i mean we are giving a strike call because we believe that we do present apartment president 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 able to act at

school for four months and last. year. i just did the love of god it was no wonder then that with the violence easing you know parents are adamant that you attend school with the 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 girl children the girl child did this for children all of them look sick to. fifteen year olds who spends most of her day locked at last in extra tuition to cover the civil suit. polities meanwhile have decided to give school during the meeting so that students can recover the last. one is happy with this decision attrition infrastructure in question is so poor and it's all so pathetic that schools that even don't have windows and doors

how can you how can you 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 very odd to have a window because it's not i mean they wanted as the you know when they had dalkeith but then why are we suffering if we had nothing to do with the as i believe you were and have been given. the go next to swedish who's clearly affecting people going about their lives with these children now being caught up in the political tussle if it's called. whether or not the academic future of government being impacted life entirely in the hands of the little button saying r.t. . where you can counts more on these and other stories on our website dot com here's just some of what's online the minute. the white plague tuberculosis is on the rise in modern day britain the disease has been connected to poverty and immigration but is now spreading to low risk groups. while most americans have love

about hot summer also have a measure of economic crisis forced them to tie the knot to gain material advantage all that on t.v. dot com. well news in brief novice salado a huge fire prevention is that at least forty two people dead amid widespread on arrest across the country hundreds of security forces are patrolling. the streets in an attempt to restore order after weeks of violence according to officials present a better leader who fled to saudi arabia on friday will not return to office the parliament speaker has taken over as interim leader with elections expected within two months clashes over food and fuel inflation and high unemployment has left more than twenty dead but rights groups say the figures are three times that. rescue workers themselves needs to brazil as usual struggling to find people trapped under

landslides because of renewed rains in the country at least five hundred fifty people have been confirmed dead thousands more have been left homeless after the worst flooding of the country for decades forecasters predict more heavy rain will hit the region over the next few days with officials saying the death toll is expected to rise. a group of gunmen have attacked a convoy in southwestern pakistan at least a fourteen oil tankers carrying fuel for nato troops in afghanistan were set on fire by the militants the driver was also injured during the period when half of the supplies the u.s. with nato in afghanistan passed through to stop. now russia may not be the easiest country to get around in the depths of winter but a team of inventors believe they have the solution they come up with a new hope a craft capable of travelling both on and off land at speeds of up to one hundred fifty kilometers per hour rif national went to check it out. russia's night drinks

in the winter oh impossible slush in the spring can make life hard for many but on this one can go just about everywhere this was. was was. was. was i've the russian puns kate to 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 the wrong side of the linda river his body out on the other would be he said i'm so lazy to travel over that with gary as it's so easy to do

a part of the issue when mom 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 hand to russia's annual international asho and by former avocation engineers not surprising that it has a lot in common with its wings 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 adrenaline with thinking about installing an airbag another bit of know how is the propellers mounted up front reckon 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 rock currently only four gary says in the world but soon its creators say it could become mass common as scooters and bicycles those who initially you know there are plans to start mass production next year now are looking for sponsors and facilities as for those who want one they're queuing

already so there's no problems with demand just going to school for. today it may only be two seats floatin and a question of fat but if you followed an upgrade idea past the engine years 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 moves the region. up next we can bet as update with dignity. welcome to business are to 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 free and a half percent of the world's proven oil reserves in roughly five percent of the world's gas reserves the oil 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 confirm hundred seamen 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 will the story in mexico gulf and after this be easing the serious need you know good news if it's possible to say it's also bad is why for b.p. of course it's an excellent use because. during the last half of the year b.p. was saying insane and cillian 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 campaign officially our government said that soon in the few years it's possible to see more than fifty percent of the private investors think for the russian business climate having such a 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 you have the realization of. tax regime the british know how well war you were speaking about for the lesson because . you made two thousand and eight president signed the floor about foreign investment into a strategic industries and there were huge discussion that now we see because in the russian market now we want to show it because and portal said yesterday that there will be a special tax to them all these are the project because of course we know the price of production we were you serious and first of all we know that there is a special tax roof we model engine project i think that maybe there will be

a special tax issue force bookman project there will be a special room for b.p. of this new joint venture know what. project so i think it's a good move use all that is why now russia will show that really. we want to change our tax and more brazil for the worse one. what do you think the most immediate investor reaction on the stock market on monday will be. the price on the. scalp in good company will be increasing area where we were very easy to focus. and now let's take a look at how the russian markets closed on friday and there was a slight correction crossed nafta was down point six percent in the session that's before the news broke on the deal with b.p. but overall the week was quite positive for that stock and for the market in general to my six game three point four percent and the r.t.s. around five percent making russia the best performing emerging market up to date. and that's all we have time for the headlines are next to stay with.

us.