a historic agreement. stocks worth billions of dollars. that sweeping 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 in restaurants of washington d.c. but not for everyone as government workers enjoy bonuses and pay rises it's the private sector that's bearing the brunt of the recession. and school children in india run kashmir risk the winter break for classes defiance of separatist violence . the news from russia and from around the world this is r.t.

here in moscow two of the world's oil giants rushes or sniffed and b.p. joining forces to explore the potential energy trenches of the arctic sea but the companies have sealed a multi-billion dollar stock swap and are now planning to on the theme reserves thought to be buried off russia's arctic continental shelf where emmett's now reports from london where the 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 ross nast has got five percent of the p. in exchange for nine and a half percent. it's very important that the governments are on the 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. so 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. 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 research which they've agreed together to develop and explore three separate areas on the russian arctic self 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 transforming the company into an international energy holder 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 in 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 know they're not green in any way. and it talks about how contrite they were and what they're going to do to 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 york to for us since two thousand and five with ross now working with sokal 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 to the core we're going to renewed focus on safety risk management and the technology that's new for. what we do this is a project that they're looking looking at over of 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. 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'll just have to wait and see. the deal boosts the already long standing ties between b.p. and russia's energy industry and benefits from the business new europe magazine says it's equally beneficial to both partners i think it's in everybody's interests

and both sides are very happy to to do this deal on the one side ross left needs help they're not very good at deepwater exploration and b.p. has a pity and on the other side b.p. is already the most important source of a quarter of b.p.'s total reserves in russia and securing oil supplies going forward is key for the company the world is changing in the in the past the big oil companies to b.p. the others have been taking the lead but going forward increasingly it's national companies going 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 were going to a poor country and take there and take the profits they have to share with governments and of course that's a very tricky relationship to manage but 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 although the there could be problems there probably will be arguments nevertheless both sides are committed to making it work. in crisis hit america it seems not everyone is down on their knees particularly government workers in washington d.c. the dining at exclusive gourmet restaurants and living in million dollar mansions all while their private sector colleagues suffer from job cuts and unemployment takes a look at the fact 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 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 you know 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 percent 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 two 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 realtor. it's a seven and a half million dollar home over ten thousand square feet it's in one of the best locations of all the potomac feeds great school districts very desirable for the

average american consumer stewart isn't worried about sales. 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 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 or the tax on the difference in the six hundred dollars 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.

here with all to you live in moscow still ahead for you this hour teaching separatists a lesson school indian administered kashmir followed warnings to clues as they choose to make up for lost time and. their eyes on this. capable of speedy travel whatever the. the tour of iran's nuclear sites is going ahead despite many key powers including russia declining to iran's invitation moscow refused along with experts from the e.u. china and other members of the un's nuclear watchdog iran's main turkey and brazil not taking part in all of us wasn't invited the russian foreign minister sergey lavrov said such visits should not be substitutes for official inspections or six. suspects iran is building a nuclear bomb iran insists it's only working on peaceful atomic energy at a crucial six party talks on its program iran's been accused of trying to create

a rift in the members by inviting some to all its facilities clearly snubbing others but experts believe any such attempts are doomed to failure. to 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 for now they never managed to really break out. five plus one formula. behavior for 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 comfort them and it wants to negotiate are important in indian administered kashmir schools doing without the traditional four month winter break they decided to play catch up after separate is fun and curfews forced them to close in the summer but as our currency reports their move is also the beginning of a backlash against separatist demands which they claim a paralyzing daily life. in srinagar this is all that remains of a school bus it was gored by a whopping forcing a general strike called by separatists in the capital of a needed minister cushnie luckily the only child on the bus 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 defeat would strike school by separatists want independence afternoon spread of the bus attack many schools shut down for the day but not the issue of school i wanted to show. those miscreants may be a very few if you. had to move 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 prank calls any we separatists are 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 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 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 the summer children what i'm able to attend school for four months and last year. i just. wonder then that with the violence easing no 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. very serious about educating via that area and especially the girl children the girl child made out she did has four children all of them affected by the shutdown's fifteen or so who've spent most of her time off the glass in extra tuition trying to cover her syllabus and will authorities meanwhile have decided to keep schools open during the harsh media so that students can recover the lost ground but no one is happy with this decision education

infrastructure in question it 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 want them. it's going to be freezing cold and it's not i mean it's the house i ought to have a window because it's not i mean they wanted as you know and they had but then why are we suffering if we had nothing to do with eve you going to. go next. with the. political if these cool heads whether or not the academic future is going to be impacted life entirely in the hands of the little thing r.t. . by the way you can catch more on these and other stories on our website on the dot com now here's some of what's online right now. of russian journalists cause

a bit of a stir out of white house press briefing after offering his condolences over the recent arizona shootings he also a question that raised quite a few eyebrows find out online exactly what he said and. what he had done in the dark when just filings really falling. superstar ice hockey player alexander ovechkin appears to be the latest russian to get involved in an espionage intrigue draw website for more info on that story or visit or you tube channel for more videos. if you.

know some other world news in brief this hour for you here in our teachings you have sworn in the speaker. as interim president who in turn has asked the prime minister to form a unit. government it comes after weeks of widespread unrest across the country hundreds of security forces are patrolling the streets in an attempt to restore order on friday president ben ali fled to saudi arabia and officials say he won't return to office elections are expected within two months. rescue workers in southeastern brazil are still struggling to five people trapped under landslides because of renewed rains in the country at least five hundred fifty people have been confirmed dead or thousands more have been left homeless after the worst flooding in the country in decades forecasts predict more heavy rain will hit the region over the next few days with officials say the death toll is expected to rise . the group of government have attacked a convoy in southwestern pakistan at least fourteen oil tankers carrying fuel for

nato troops in afghanistan were set on fire by the militants a driver was also injured during the attack more than half of the supplies for the u.s. and nato forces can pass through pakistan. the hunter pilgrims have been killed in a stampede at an annual religious festival in the southern indian state of karada dozens of others were injured reports say the stampede began when a jeep plowed into people on a crowded road the worshippers have been on their way back from visiting india shrine authorities have offered an investigation into the transom. 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've 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 maria maria i should say for national went to check it out. russia's snow drifts in the winter oh impossible slash in the screen can make life hard for many but on this one can go just about everywhere.

this. was. was was. the russian point 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 course three siberian man board 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 garrett's it's so easy for both of us to shoot one man 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 ham 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 capsize are you going to get is lots of adrenaline with thinking about installing an airbag another bit of know how is the propeller that's mounted up front or 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 that. there are currently only four gary says in the world but soon its creators say it could become that's 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 cushion of air but if you float an upgrade idea past the engineers they're more than happy to listen that is of course it is stump up the twenty thousand bucks price tag if the gary's floats your boat. or if an ocean r.t. moscow region. a little later we reminisce about soviet music art and culture as our moscow team takes you back to the u.s.s.r. . from propaganda to seven there are many inside is in here a large part of the exhibition is on industrialization and many aspects of the cultural world 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.

when and how that trip back in time is in around five minutes from now. shortly we'll be discussing the pivotal arms cut steel between moscow and washington with one of russia's key lawmakers first though it's the weekend business updates with dmitri. 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 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 consenting 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 we ease in the serious need in a 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 sailin satan cillian its assets and now there is a serious increase in possible increase of the role of b.p. in the russian business for it was nifty it's also good news why because. now it was from the really serious part. in the west and we know that. he's preparing for . we can see pretty zation of this company i fusilli our government said that soon 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 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 a realization of. tax regime the british know how well war you were speaking about for the lesson because. he made two thousand and eight president signed the floor about foreign investment it was through the jackal industries and there were huge discussion that now we see because in the russian market now we want to show it because. of the that there will be a special tax regime all these are the project because of course we know that the price of production we will see this and first of all we know that there is a special taxes if we. i think that maybe there will be a special tax issue for stockmen project there will be a special room for b.p. of this new joint when she know what. project so i think it's a good move to use all that is where now russia will show that really. we want to

change i would like some more reason for the west. welcome to us what do you think the most immediate investor reaction on the stock market on monday will be. the price on the. camp in good company will be increasing so we're very very very very easy to fall because of this. let's take a look now at how the russian markets closed on friday and there was a slight correction but overall the week was positive and was positive for ross snapped on friday session it was down two point six percent before the news of course broke on the deal with the over the week the my six came 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 trade adjoin highs all from citibank explains to the stocks

that were the main drivers i would say this week were rosneft. 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 one of the reasons why the russian market did so well this first week commodities were generally very strong crude oil held above the ninety dollars 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 have for now but you can always find more stories on our website that's r.t. dot com forward slash business headlines are next stay with us. i

got out of the military in one thousand nine hundred sixty six i got over because of the things i saw the things i was doing and this reason said we were given for doing it was a personal protest. during the vietnam war an antiwar movement emerged that altered the course of history this movement didn't take place on college campuses but in berets and on ships penetrated elite military colleges like west point and it spread throughout the battlefields of vietnam. today few people know about the g.i.

movement against the war in vietnam. after the army we always said free the army or fun travel and adventure but it really meant the army. repairing a broken. highway construction and humanitarian aid. but as shady officials market the spoils of war it's the people who pay the price. profiteering here is no longer just down to drug trafficking the book afghanistan the dollar.