welcome back here with our t. here's a look at the top stories france's military initiatives in libya and ivory coast backfire at home with president sarkozy losing points and allies the french public are angry their leaders imperial ambitions are costing the country its money and reputation. india's fast turning into electronics waste dump with western companies sending computer junk to the poverty stricken country instead of recycling at the consumer society provides work for locals their health is being put at risk those kids return as trash. and russia's preparing to launch one of the most promising

projects for the future of space exploration the biggest telescope ever and to report it well al the deepest corners of the universe to be scanned with extraordinary clarity. up next as turbulent oil prices sway countries around the world russia's finance minister tells r t how that impact will be felt. hi well prime seats isn't such a good thing for the russian economy or there's a gunsight through it to get an answer to that question and more we're sitting down with russia's finance minister i think with their thank you very much for your time sir as those uprisings spread throughout the middle east and north africa all prices have advanced nineteen percent since the beginning of the year what are they doing and the losses pluses and minuses of such

a spike in prices for russia the world's number one oil exporter and the conditions i mean this will certainly slow down the global economy as a whole it will bring danger moms including energy demand and therefore at the end of the day it will prices will have to go down that's one thing and another thing is that such a price over to looking at when the prices swing up and down is a big challenge for investors will production investors need to have clear benchmark prices and therefore see so prices meet the investment process is very difficult you know they have been so. many are saying although russia gains billions of dollars from high price oil sales in the long run it may actually hurt the russian economy is more a problem of how that super profit is being managed and invested in inside russia like i would consider the thing is that whenever the price grew significantly over a short period of time russia gets a large influential dollars and that either causes inflation which again hinders investment into russia as inflation causes the interest rates to go up or leads to

the strengthening of the ruble with a stronger ruble leads to a broader export performance and increased import volumes and makes imports cheaper that's making the imported goods competitive with domestic ones this slows down the domestic production rates and therefore such an influential dollars can have a negative impact on the russian government part of this puts aside as a reserve in order to avert this negative impact let's talk about currencies help it pay. and is the russian currency the rule on oil prices and how stable is its worth now and what to expect in the future. right now we're strengthening the ruble a bit juta the increased oil prices we surely understand that they will stay this high for a long while it could last year twelve or eighteen months but not in the long term that's one thing the other thing is that the stronger the leads to increased employed for which causes the funds russia pays for the importance of the money in a way returns we're below and that's why wall prices at the end of the day get down

state by the interest employer which ultimately leads to the rootless stabilization we do not expect any significant changes to the ruble from a two to three your perspective. as a at the recent meeting of the brics nations brazil russia india china and now south africa their development banks agreed to open credit lines in in their national currency is rather than the world's reserve currency the u.s. dollar is at the beginning of the end for dollar dominance what is your assessment . you shouldn't overestimate these measures the talk was about simplifying procedures for businesses which may prefer to switch to other currencies and thus facility cooperation from banks i mean these transactions simpler by allowing them on our markets under any circumstances no reserve currency freely convertible for the world's major come and seize will be able to continue to

competing with the dollar for many years ahead i said recently for at least twenty years into the future on the other hand the arrival of the euro is in itself a big step putting pressure on the dollar and when the eurozone lives to overcome its present difficulties and i'm sure it will the euro significance and the global economy will continue to grow. which is the u.s. is facing a debt crisis in europe facing a debt crisis where does russia stand when it comes to borrowing. russia is one of those countries which are doing very well in the national debt at the moment our national debt is about eleven percent of the g.d.p. just think that the maastricht treaty on european union says the top limit is sixty percent of g.d.p. most ability countries have either come close to or gone beyond us limit and over the next five years will see the average national debt figure grow almost by one hundred percent thus entering the risk zone which is unfavorable for the global economy for instance we know that italy's current that exceeds one hundred percent

and japan's there is over two hundred percent of these countries are already in the risk zone as russia looks pretty good compared to their situation will hurt president medvedev say many times the only way for russia to break out of pendency our natural resources is to remodel nice it's a card that person by how's that process going. it is. there for you see we have these objective stated in our long term development plan after twenty twenty the plan was developed before the crisis and that's modernization is our objective we have a large number of modernization projects on our budget we didn't cut down on them during the crisis instead we increased their number so all of our kind of priorities are linked to modernization the most important one fundamental goal of modernization it's a bring down inflation and interest rate and credits and this case will be able to modernize all the basic sectors of the economy the need for equipment renovation is huge and all sectors from oil refining in the metal industry to engineering the

space and aircraft industry as well as biological and none of the acknowledging practically in all spheres this process is underway today do you want me to name the industries that are being modernized most efficiently among them or the engineering in chemical industries cilia laws and paper industry the process is now also active in the processing industries first of all and home electronics production a lot of new factories have been built recently the process a spiritual pharmaceutical an automotive industry has a lot of foreign companies have made their way into the russian market and started introducing new state of the art equipment that is contribution to the modernization process in these industries even googled after viruses included in the modernization for effect so one night vision gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not lord how much more accession. that modernization.

because. it will definitely help to modernize russian industry because the country will obtain free access to new technology equipment and of course foreign investors will realize that if the loan for the auction and russia the goods they produce will go to all the markets of the world unhindered access for russian products to the world markets is rather limited and. there seems to be no point in investing in russian industry which is barred from international markets and intended for internal use only that's why only once we have joined the w t o you are more focus will be meet on investments in the west market oriented would see for the c.i.s. and europe are even asia and other regions of the world to. the point where. i know you said russia could join the well trade organization as early as this summer we know that the u.s. administration is all for it but there is there congress that has to lift the jackson and then a commitment and judging by the way by their ability to stall things that are the most when when deals like i remember the debate over the start treaty and it was it

was amazing how to play as it was how political rather than substantial what do you expect from u.s. lawmakers on this one on jackson invent a commitment. to the jaxon van a commitment is not pulls any real obstacles to russia's accession to the w t o i mean if the lifting of this amendment is delete it doesn't mean russia will have to abandon its intention to join the w t o it will limit the u.s. presence on the russian market in cooperation between russian and american companies will be affected and russian trade relations with other countries will be defined by the dummy teel regulations is not zero american companies are in greater need of waving them ignorant than we are once again russia's. entry can be assured with the amendment still in force but if obama's support of the state has no parliamentary backing in his country politically it will be a certain sign for us we'll draw our own conclusions we don't think no. it's

interesting everybody here in washington says they would like to see a more open more transparent in terms of doing business but i've now they're brushy is willing to accept that set of rules set by. which will make it more open and transparent there are still forces opposing it biggest and common sense behind it. the technical problems we have faced on the way towards the basically involve the creation of special rules for individual sectors of the u.s. economy and u.s. companies we have been working on this in the spirit of intellectual property and have resolved the issue we've been working on fitness from sun tree control and the result of problems existing there we've also discussed the issue of american chicken meat import waters each time they should get more and more difficult to resolve the lifting of the jackson van a commitment was linked to tackling one such as you think the situation is going absurd for example one of the soviet human rights advocates could serve terms in

various prisons of russia at the time when the amendment in question was introduced and it was designed to enhance such people the right of free immigration from the soviet union told me when i went to prison for reasons other than the u.s. poultry imports and i think their minute should finally be lifted the whole situation has long been over and you. let's go back to some of the things the russian government is doing to make the economy more efficient like selling large stakes of state assets to private owners so removing high ranking government officials from say a company's management boards is that a way of reducing government influence on business and how does it work. with them we see and of course that is what these measures are aimed at the direction of state influence over business and the stimulation of competition in the market i believe the most important step is the sale of state holdings of shares it deals with the largest shareholdings of the world producers in the bronx and also ship building companies now there's the withdrawal of state officials from boards of

directors substantially reduces the influence of top officials but nevertheless the state will not cease influencing these companies remember that they are state owned so it's more important to focus on selling the enterprises. but where you are going to lose your seat at a board of the world's biggest diamond producing company for example do you think the company will be better off without you. you know we have approached a very important position in a rossa for years we have been consolidating the company's assets revising its property and reducing the cost of diamond mining only two months ago it had its i.p.o. and became a g c i think if it's bill that has set at least i consider them fulfilled it is a vicious to report you can russia's finance minister for more than that decade now what do you think is your biggest success any decisions that you regret. i think you can be credited with setting up a consistent well balanced budgeting system this country had rather

a high level of economic growth in the pre-crisis period expected to go up to hit the pre-crisis mark of five to six percent in the next three to four years and it will be another achievement that even the current policy has got some major results first of all if it's establishment of the russian federation stabilisation fund and then the reserve fund of the national welfare fund it help russia to survive a crisis much better than most and you see even at the recent i.m.f. session it was recognized and the i.m.f. session report proves it like that russia has managed to retain financial stability this save the deposits as well as the well being of millions of russians and it is the result of a policy we carved out and i'm proud of it. thank you so much for your time.

i live in a country that doesn't understand that there's more violence in the streets of this country than there are in the streets in afghanistan or baghdad. then one night in the spring the bracelet. for. some. road kill those moments but least ownership of it. is believed. to.

be a struggle to believe. its. friends military initiatives and maybe an ivory coast backfired hold with president sarkozy losing points and allies the french public are angry and their leaders a period of patients are costing the country its money and reputation. india's fast turning into an electronics waste dump with western companies sending computer jog to the poverty stricken country instead of recycling at home while a consumer society provides work for the locals their health is being put at risk whether those kids return this trash. and russia is preparing to launch one of the most promising projects for the. space exploration the biggest telescope ever you

and her orbit will allow the deepest corners of the universe to scan with extraordinary irony. so we have minds here in our sport is next with andrew farmer. and you've got some news on a solid win for russia in the fed cup hi good morning ladies rushing is least tennis plays in moscow we react to that person in the russian prime illegal. continue what we've got just in a moment. hello there thanks for watching the sports and these are the headlines. trading places to use garbage human beings leapfrog defending champions any to the top of the russian i mean. why is bangor bends his anger is his side's title hopes a dented by liverpool. job on russia will meet the czechs in the third cup final

the white fluffy it's late in moscow. and see a scar hardly progress finding champions any to go top of the russian prime league for the first time this season the army men remain on. the winning team in the home to ten men through the mountains all this is first half the flight the. people surrogate region called for the home side ahead then the. boys in the right place to make it through the bright. six minutes to go through greens day went from bad to worse the defenders of authority but jesse picked up two quick yellow cards to see red the man. said. well just before that any temporarily go on top after winning three one and struggling like c.e.o. no making the most of them suspect the spending to put the visitors ahead after twenty minutes and it didn't take them long to double their lead. just four minutes in fact danny current darley crowning is amazing run with

a fine individual though. wrapped up victory with that ten minutes to go as alexander put off strolled around defense to make it through a near. miss high live to grab a stoppage time consolation for the home side with the chance to let his man roll that come through victories and stay for boston. while you boys valda missed the chance to regain top spot on they lost to a late goal that looked mighty good as lawyers who are here with eight minutes to go because he caught off guard good luck to the second we knew this season and seeing them into the top of the third. spot must go right to larry karp and he's feeling the pressure his side stay in the drop zone after suffering a three one defeat to angie a muscovites have taken the lead to the major combat of island equalised on part on our watch and scored the winner and she's around to six not just one stoplight start that lead and

a troublesome out change this evening in search of death for three in the deceased . iron england also manager arsene wenger has complained about the amount of injury time played in his side's one one draw with liverpool the reds equaliser the last kick of the game in the twelfth minute of added time at the emirates severely denting the gunners title home several injuries there were eight minutes of stoppage time i'm not going to screw this so much the vital green robin van persie slotted in a ninety eighth minute penalty ask a spearing have broadband says fabregas still swiftly after. a foul lucas. taxi driver red equaliser from the spot after one hundred twenty minutes begun is a nice six points behind manchester united with six games left to stay safe. but wembley stokes said i've been up a cup final with plans to city after beating polson five no matter who aren't in there with the person we had to. and then center half probably hate their top scorer this season nice to plant one into the bottom corner distance. and to cap

off a great start. of a tap into him the second half of the road the same stage promoters are finding the net with another corker. and pro bowl nightmare especially stuff in the same mantra began to make it by the first time state bridged the find. actual attendance and russia after age the fed cup final after watching italy five nil and the best of five series here in moscow the victory sets up a final against the czech republic back in the russian capital in early november after winning by the evening saying the russian needed just one more win on sunday and there is a volley over led them to victory with a straight sets win over. the world number three had problems like in the first set six for the second sixty saying this one of the makes them

a few victories. here differently in a. very emotional going for me because i knew this when i give my team a third point and will go into the final so it's certainly was a tough match in. tough opponent to play tricky appointed and i knew that when i was going into the match i think i did well because i played well the key points really happy that i want this match and definitely one of the most emotional moments in my career. and even though that winds through their passage into the final rush it didn't matter i'm placing a whitewash on sunday afternoon to see a public change about how to type batteries are ironic but edged her opponents in the last singles match seven six seven six and russia then went on to win the double. by the czechs put their place in a fine with a three two win over belgium not so much tied to the singles ninety's it was down to the doubles and their vet abene so. zeller call the streak over came out on top

getting the best of it is i mean with my six or six school. tennis rafael nadal remains unbeaten on clay since two thousand and nine after beating fell a spaniard david in straight sets to win his seven monte carlo masters title in a row and al has now won his last thirty seven matches in this tournament and was always in control in the final breaking for that weiss i'd say the first set six four then after sharing breaks in the second and our broken eleven and then for the match but afterwards admitted he'd been pushed hard by threat. was a very difficult thing in general. up to the match of yes there was a little bit. of it always is difficult. when you're going to leave him because he had a fantastic season so for him i think it is

a win. like he was in semifinals last year here final final now here so i wish him all the best for the worst of the season another user turned into the battle of the rookies at golf's texas open but brendan still held his nerve to claim his first title during his first season on the p.g.a. tour he was chased hard though by kevin chappell who is also in his first season on the tour leaving grab to share the lead early on after sending his ball close to the pin on the tenth. chappell eventually finished tied for second with charlie kaufman and he had one of the shots of the day. still meanwhile it was having a steady rangar the twenty eight year old closed with this part of the party claim the texas open his first title and i say just one and a half million dollars to go with it. and italian teen idol material minus zero has won the malaysian open

a nice early birthday present so he's eighteen tomorrow many serious finishing a show the head of gregory boarding from france while rory mcilroy who imploded during the final round of last week's masters finished in two shots back. chinese grand prix winner there was hamilton has described this weekend's race as one of the best he's been in the mclaren driver pit red bull sebastian vettel to the checkered flag after a real hassle for the lead vettel started on pole but what an anti made jenson button pass the german with a birdie get away off the line but hunt and lost his position in the first round of stops the briton made one more stop in vettel and made his fresh ties work the past but for the masses ferrari state is nico rosberg before overtaking bethel with four laps to go button was picked to third place in the penultimate out as red bulls not whether he really fought back from a teaching degree of russians or tardy hatred was ninth in his run a lot how much since he's now just eighteen points behind bethel in the

championship. one of the best races are i experience where. you know you are the right for me to do quite a lot of overtaking. from the looks of the guys back in the factory when we get ready really put a lot in to do it in the car and making the car the best it can be every weekend and feels amazing to be able to bring it home and bring home the picture and we will end with the london marathon in russia as world number one million sherbrooke of the second place upon the ricky tourney of kenya who ran the fourth fastest marathon of all time while the men's race was won by a manual move i also set a new course record twenty six year old broke away at the twenty one mile mark and finished in two hours four minutes and thirty eight seconds to beat the previous best time time by two seconds the time when martin the second impacted not. to make a clean sweep kenya but in the women's event danny broke away after fifteen miles

and ran under unofficial time for two hours ninety minutes and seventeen seconds defending champion and. with second with a personal best time or another and thirty one year old debbie can in their. words . well done to them all that is that the sport's more. hungry for the full story we've got the first half of the biggest issues get the human voice face to face with the news makers on our t.v. .

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