a historic agreement says oil industry leaders will all sniffed and be. worth billions of dollars. that teaming up to explore the untapped natural reserves on the arctic sea bad apple from london in just a moment's. notice mentions a gourmet restaurants of washington d.c. but not for everyone as government workers enjoy both this isn't pay rises it's the private sector that bearing the brunt of the recession. and schoolchildren in india run kashmir swapping the winter break for classes in defiance of separatist fox. news from russia and from around the world this is r.t.

here in moscow two of the world's oil giants russia's role sniffed and b.p. joining forces to explore the potential energy treasures of the arctic sea but the companies have sealed a multi-billion dollar stock swap and are planning to unearth the reserves thought to be buried off russia's arctic continental shelf 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 nafta has got five percent of b.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 supports that he's going to give this particular deal which. 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 gas 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 and 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 i spoke to. 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 being 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 rosneft 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 dudley 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 we've been working with ross now for twelve years now and we've been working on the arc to for us since two thousand and five with ross now working with charcoal and i 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 of the core we're going to renewed focus on safety and 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 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. in london well the deal boosts the already long standing ties between b.p. and russia's energy industry and benares from the business new york 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 there needs help they're not very good at deepwater exploration and b.p. has betty and on the other side b.p. rusher 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 billowing into 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 and of course that's 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 become experts in making these managing these relationships although the they could be problems they 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. that dining at exclusive gormley restaurants and living in million dollar mansions all while their private sector colleagues suffer from job cuts and unemployment. now 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 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 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 thing 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 the potomac fairfax virginia if there is one man who knows the montra location location location it's eric stewart one of de. seas luxury realtors seven and a half million dollars over ten thousand square feet it's in one of the best locations of all of potomac feeds a great school district 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 and tip it's 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.

. still ahead this hour teaching the separatists. indian administered kashmir to follow it warnings to close as they choose to make up for lost time and. your eyes on this super fast and you have a capable of speedy travel whatever the weather. of iran's nuclear science is going ahead despite many key powers including russia declining to iran's invitation moscow refused along with exports from the e.u. china and other members of the un's nuclear watchdog and. brazil also not taking part while the u.s. was invited russian foreign minister sergei lavrov said such visits should not be substitutes for fishing inspections or so. suspects iran is building a nuclear bomb while to run insists is only working on peaceful atomic energy and of crucial six party talks on its program iran is being accused of trying to create

a rift in the members by inviting some to towards facilities well clearly snubbing others but experts believe any such attempts to doomed to failure. they 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 up. five plus one formula. the behavior of russia and china just shows once again that it doesn't work i think the remains 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 the schools are doing without the traditional four month winter break they've decided to play catch up after separate is fun and curfews force them to close in the summer but as artie's charan singh 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 it means for the school bus it was heard by a whopping forcing a general strike called by separatists in the capital of the needed minister meet 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 who 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 maybe ever 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 imaan independence focus we need which has been administered by india since british rule in india with most parents ignoring this rankles 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 part with the 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 leave will to a school for four months and last. year i know you are just if you look at it was no wonder then that with the violence easing you know parents are adamant that you school with militants like it or not we should be proud of one thing that the people in kashmir. any serious about educating their there tonight. and especially the girl children the girl. has four children all of the affected by the. fifteen who spends most of her day locked at last in extra tuition. polities meanwhile have decided to keep school during the. winter so that students can recover the last. one is

happy with this decision education infrastructure in question is so poor and it's so pathetic that schools that even don't have windows and doors how can you how can you know how can you hit them how can you want them it's going to be freezing and it's not i mean it's that has. to have a window because it's not i mean they wanted as the you know when they had to but then the suffering if we had nothing to do with the as i believe you going to. go next shmita issues clearly affecting people. with these children now being caught up in the political tussle if it's called. whether or not their academic future is going to be impacted life entirely in the hands of the little button saying r.t. . we're just remind you you can catch more on these and other stories on our web site is r t dot com online all the time here's some of what's there right now

a russian journalist course a bit of a stir at a white house press briefing after offering his condolences over the recent arizona shootings house a question that raised quite a few eyebrows well you can find out online exactly what he said and. still going in the dark man up and just wait time filings really played by falling for russian spies here. superstar ice hockey player alexander ovechkin appears to be the latest russian to get involved in espionage intrigue head to our website for more info or visit our youtube channel for more videos. it's.

time now for world news in brief. sworn in the parliament speaker for bizarre as interim president who in turn has asked the prime minister to fault the unity government that comes after weeks of widespread on rest 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. but the workers themselves from brazil are still struggling to find people trapped under landslides because of renewed rains in the country at least five hundred fifty people have been confirmed dead while thousands more have been left homeless after the worst flooding in the country in decades john and can't predict more heavy rain will hit the region over the next few days but officials say the death toll is expected to rise authorities have declared seven days of more. this is than voting has finished in a weeklong referendum to decide whether the south of the country will seek

independence from the north about four million people were interested to vote official say plimer results showed turnout of over sixty percent crossing the threshold needed for it to be valid and hope the voting will end a cycle of civil war with the chance of creating the world's police state results could be announced at the beginning of next month. and a group of gunmen have attacked a convoy in southwestern pakistan at least fourteen oil tankers carrying fuel for nato troops in afghanistan was 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 in afghanistan pass through. this stuff. while 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 hovercraft capable of traveling both on and off land at speeds of up to one hundred fifty kilometers per hour rif an ocean or want to check it out. russia's snowdrifts in the winter oh impossible slashing the screen can make life hard for

many but on this one can go just about everywhere this. was. was i think was. i was. i think. it was. the russian pons 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 one side of the linda river his body out on the other would be he said i'm so lazy to travel over with gary's it's so easy to report of the issue 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 home 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 it's patented features a great handling an improved safety as good 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 that's mounted up front or if 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 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 doing already so there's no problems with demand just like the script for. today it may only be two seats floating in

a question of air but if you float an upgrade idea past the engineers they're more than happy to listen that is of course if his stump up the twenty thousand bucks price tag if he carries floats your boat. race notion r t moscow region. well a little later reminisce about soviet music art and culture as our moscow art team takes you back to the u.s.s.r. . from propaganda to save their many balls 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.

what well that trip back in time is coming in is coming your way in just over an hour from now here in r.t. well up next we have the weekend business update with dmitri stay with us for that . welcome to business are too 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 then 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 confirm nine 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 the 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 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 very 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 found the really serious partner in the west and we know that we'll see if he's prepared for. we can separate ization of this company i fusilli our government said assume in the few years it's possible to say 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 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 themselves an eight hour prison signed this law 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 slow it because and portal said yesterday that there will be a special tax through them all these are the project because of course we know the price of production we will be serious and first of all we know that there is a special roof we model engine project i think that maybe there will be a special tax issue for stockmen project that there will be a special room for b.p. of this new joint when she know what. those are 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 the reason for the worst. 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 and so really very very very very easy to focus on. 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 never bought on friday's 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 the 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 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 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 about 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's r.t. dot com forward slash business headlines are next stay with us. i

got out of the military in ninety sixty six i got out because the things i saw the things i was doing and this reason sept we were given for doing them it was a personal protests. during the vietnam war and into war movement emerged that altered the course of history this movement didn't take place on college campuses but in berets and on ships penetrated early 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 set free the army or fun travel and adventure but it really meant the army.

some. place. to play. her. this history still keeps its secrets but now it's. time to reveal. the soviet files house on the embankment and.