a historic agreement as oil industry leaders rosneft. billions of dollars. natural on the uptake. in just a moment. the lavish mansions and gourmet 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 schoolchildren in indian kashmir swapping the winter break for classes in defiance of separate.

news from russia and from around the world this is our team here in moscow good to have you with us this hour two of the world's oil giants russia's rosneft m.v.p. joining forces to explore the potential energy treasures of the arctic seabed the companies have sealed a multi-billion dollar stock swap and are now planning to unearth the reserves thought to be buried off russia's arctic continental shelf no reports from london where the historic deal was signed. this is a deal they've been discussing for months 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 now it's very important that the government 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 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 russians 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 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 and i spoke to. him who's the chairman of 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 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. 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 it's been working with ross now for twelve years now and we've been working on the arctic for us since two thousand and five with ross now 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 to the core we're going to renewed focus on safety risk management and the technology that's new for. environmental care what we do this is a project that they're looking for of about fifty 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 oil and gas so we'll just have to wait and see. to do the already long standing ties between b.p. and russia's energy industry and batteries from the business magazine says it's

equally beneficial to both portman's. i think it's in everybody's interests and both sides are very happy to to do this deal on the one side left needs help they're not very good at deepwater exploration and b.p. has a great season 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 would go into a poor country and take and take the profits 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 they become experts at making these managing these relationships although they could be problems they probably will be arguments nevertheless both sides are committed to making it work. in crisis in america it seems not everyone is down on their knees particularly government workers in washington d.c. that dining at exclusive gold may 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 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 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 your fat cat bankers on wall street while politicians and 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 and 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 food average american. consumer stewart isn't worried about sales we're sucking jobs into the washington d.c. area which is causing prices to actually have stability and it's not just stylish digs that d.c. 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 coming from big and big big law firms while one in seven americans rely on food stands 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 the six hundred dollar range or whatever it may be and some nights we do as many as forty fifty. people over it at a time when most are struggling to survive it seems like the lucky in washington are living it up preassure there are t. washington d.c.

. and so they had. teaching separatists a lesson schools in indian administered kashmir defy warnings to close as they choose to make up for lost time and. feast your eyes on a super fast you have a crop capable of speedy travel what the weather. has to restore to come but first a tour of iran's nuclear sites is going ahead despite many keep powers including russia declining to iran's imitation moscow refused along with experts from the e.u. china and other members of the un's nuclear watchdog iran's main allies turkey and brazil also not taking part while the u.s. was invited foreign minister sergey lavrov said such visits should not be substitutes for official inspections all six party talks the west expects iran's building a nuclear bomb well to run since it's only working on peaceful atomic energy at

a crucial six party talks on its program iran is being accused of trying to create a rift in the members by inviting some towards facilities while clearly snubbing others but experts believe any such attempts are doomed to failure. 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. they never managed to really break. p. five plus one formula. the behavior for 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 but the second step the iranians bit again to which their own public namely the blast about their own

newly achieved technological progress but just not true but again it sends a message to do also across inside iran who are highly critical of any engagement with the international community that both things iran can to solve comfort them it wants to negotiate are important. in indian administered kashmir schools are doing without the traditional four month winter break have decided to play catch up after separate has fallen some curfews forced them to close in the summer resort he's currency reports their move is also the beginning of a backlash against separatists demands which they claim a paralyzing daily life. in srinagar this is all that it means for the school bus it was good walking forcing a general strike called by separatists in the capital of a 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 set fire to

this attack was meant as a warning to schools which would mean defeat would strike school just one independence afternoon the 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 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 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 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 doing that widespread violence with children what i need. for four months and last year i know you are just getting a lot of get it was a 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 finding that the people in kashmir. very serious about educating the children. and especially the girl children the girl child. has four children. fifteen 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 but infrastructure in question is so poor and it's so pathetic that schools that even 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 the have. to have a window of days it's not i mean they wanted as you know and they had to but then we suffering if we had nothing to do with the as i believe you going to. go next the swedish use 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. . by the way you can catch up more on these stories you're seeing on screen and other stories on our website altie dot com here's some of what's online there for

you now russian journalists cause a bit of a stir in a white house press briefing after offering his condolences over the recent arizona shootings but also a question that raised quite a few eyebrows find out online exactly what he said and. what he'd do the darker than the way that 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 an espionage intrigue and to a website for more info on that visit mutu count for more video. it's.

wild news in brief this. has sworn in the parliament speaker. as interim president who in turn has asked the prime minister to form a unity government comes after weeks of widespread armrest 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 the south eastern 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 have been left homeless shelter the worst flooding in the country in decades forecast predict more heavy rain will hit the region over the next few days with officials saying the death toll is expected to rise sorties have declared seven days of mourning. to sudan now where voting is

finished in a weeklong referendum to decide whether the south of the country will seek independence from the north what about four million people were registered to vote which will say preliminary results show a turnout of over sixty percent crossing the threshold needed for it to be valid it's hoped the version will end the cycle of civil war with the chance of creating the world's newest state results could be months at the beginning of next month. or so i welled up this hour a group of government 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 the driver was also injured during the attack board. health of the supplies the u.s. and nato forces in afghanistan pass through pakistan. well 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 home a craft capable of travelling both on and off land at speeds of up to one hundred fifty kilometers per hour if an ocean or went to check it out of. russia's snow

drifts in the winter oh impossible slashing the screen can make life hard for many but on this one can go just about everywhere. i was. in. the russian pond skate to can travel at speeds of up to one hundred fifty kilometers corolla making it ideal as a snappy runaround or a had turning hobby emotion courts could decide marion man bought one his house is on one side of the linda river his body out on the other he said i'm so lazy to travel over with gary is it so easy for both of us to shoot when mom called me and

asked whether we can add a trailer with two beds and a hatch inside the cockpit for fishing on the ice. garry's was designed in the town of g. cough ski ham 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 paid and it features a great handling and improve safety is going to very strong rollcage even if you capsize are you going to get is lots of adrenalin we're 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 of bicycles. there are plans to start mass production next year now we're looking for sponsors and facilities and for those who want one they're queuing already so there's no problems with

demand. 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 the gary's floats your boat. or if an ocean r t moscow region. or later we reminisce about music art and culture as our moscow our 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 worlds were under government control but the art world still flourished in the u.s.s.r. and today it is fetching the highest prices at various ass options around the world

. and that trip in back in time is coming your way in just over an hour from now here on r.t. shortly we discussed the pivotal arms cuts deal between moscow and washington with one of russia's key lawmakers that's coming your way after the business update. and 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 was snapped 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 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. you are in the last half of the year b.p. will say and say and cillian its assets and now with very serious increase in possible increase of the role of b.p. in the russian business for those nifty it's also good news why because. now it was from the really serious bottom in the west and we know that we'll see if he's prepared for. we can see through these ation 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 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 eight presidents and the floor for investment in the strategic industries and there were huge discussion that now we see because in the russian market now we want to slow it because and. there will be a special tax through them all these are the project because of course we know the price of production the serious and first of all we know that there is a special roof we mount elegy 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.

of this new joint when she know what. project so i think of all that is where now russia will show that really. we want to change our tax and law regime for the worse one. welcome to us 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 so we're 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 roll sniffed but on friday session it was down two 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 merging 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 that were the main drivers i would say this week were left 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 need for . 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 buy more stories on our website that's our to dot com forward slash business headlines are next stay with us.

the. thing any. children now see about eight thousand by the end of elementary school five hundred thousand violent acts

by the age of eighteen from movies television shows to video games to children. twenty four hour news channels is now seen every day formulate a staple. in. those while those who are very different think about it. the artistic and journalistic future but most of the violence you see is what i call. in god came down from heaven and stopped. at that. moment in a pretty what. makes the pill easier to swallow. everybody was coming. for the full stop.