really believe the science team six months from the rooms. we've done the future. talk about here with you here's a look at the top stories as military initiatives in libya and i rico's back fire 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. russia is preparing to launch one of the most promising projects for the future of space exploration the biggest telescope ever to orbit will allow the deepest corners of the universe to be scanned with extraordinary clarity.

beauty is fast turning into an electronics waste with western companies sending computer junk to the poverty stricken country instead of recycling it while the consumer society provides work for locals their health is being put at risk when those return ass trash. in the headlines here in our city next oil prices sway countries around the world russia's finance minister tells r.t. how that impact will be felt. hi well crisis isn't such a good thing for the russian economy or there's a downside kill it to get an answer to that question and more we're sitting down with russia's finance minister i think with thank you very much for your time i think anybody as those uprisings spreads throughout the middle east and north

africa all prices have advanced nineteen percent since the beginning of the year what are the gains and losses pluses and minuses of such a spike in prices for russia the world's number one well exporter of opinions i mean that this will certainly slow down the global economy as a whole it will bring down demand including energy demand and therefore at the end of the day it will prices will have to go down too that's one thing and another thing is that such price volatility when the prices swing up and down is a big challenge for investors oil production investors need to have clear benchmark crisis and therefore cecil prices make the investment process is very difficult 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 there a problem of how that super quaff it is being managed and invested in inside russia like i would guess the thing is that whenever the price grow significantly over

a short period of time russia gets a large influence petrodollars 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 a stronger ruble leads to poor 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 therefore such an influential dollars could have a negative impact on the russian government that's part of these profits aside as a reserve in order to avert this negative impact but let's talk about currencies help pay. and is the russian currency the ruble on oil prices and how stable is it worth now and what for expect in the future so. 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 for twelve or eighteen months but not in the long term

that's one thing the other thing is that the stronger ruble leads to increased imports volumes which causes the funds recipes for the importance of the money in a way returns where it belonged that's high oil prices at the end of the day get down state by the increased imports which ultimately leads to the ruble stabilization we do not expect any significant changes to the ruble from a two to three year perspective. 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 currencies were then the world's reserve currency the u.s. dollar is at the beginning of the and four 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 between banks i mean these transactions

simpler by a loan vem on our markets under any circumstances no reserve currency freely convertible or the world's major countries will be able to come near 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 group. which is the u.s. is facing a debt crisis that europe is facing a bet crisis where does russia's then 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. and if the bill countries have either come close to or gone beyond those limits and

over the next five years we'll see the average national debt figure grow almost by one hundred percent thus entering the risk zone which is an favorable for the global economy for instance we know that italy's current date exceeds one hundred percent in japan's there's over two hundred percent of these countries are already in the risk zone that's russia looks pretty good compared to their situation where hurt president medvedev say many times the only way for russia to break out of the pendency our natural resources is to remodel nice its economy to that person how's that process going. really there for we see we have these objectives stated in our long term development plan after twenty twenty the plan was developed for 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 and then during the crisis instead we increased their number so all for common priorities are linked to modernization and most important one fundamental goal of

modernization as 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 in all sectors from all 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 if you want me to name the industries that are being modernized the most efficiently among them are the engineering and chemical industries cilia laws and paper industry the process is now also active in the processing industries first of all in home electronics production a lot of new factories have been built recently the process of scriptable pharmaceutical and automotive industries a lot of foreign companies have made their way into the russian market started introducing a 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 the act. gradually comes to all branches of industry but it can be completed

promptly if the credit interest rate is not lord how much will accession. for that modernization of the boer war. it will definitely help to modernize russian industry because the country ability and free access to new technology and equipment and of course foreign investors will realize that if they launch production in 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. 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 once we have joined the w t o more focus will be meet on investments in a western market oriented production say for the c.i.s. and europe or even asia and other regions of the world to. pull i know you said russia could join the world 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 than that in by the way by their ability to stall things at the most when when bills like i remember the debate over the start treaty and it was it was amazing how tense it was how political rather than substantial what do you expect from u.s. lawmakers on this one on jackson and bennett commitment. to the jackson van eyck amendment does not pose any real obstacles to russia's accession to the caribbean cheel i mean if the lifting of this amendment is delayed it doesn't mean russia will have to abandon its intention to join the w t or it will limit the u.s. presence in the russian market cooperation between russian and american companies will be affected and russian freedom relations with other countries will be defined by the w t or regulations that see american companies are in greater need of waving their management than we are once again russia's w cheel engine can be insured with

amendments 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 russia more open more transparent in terms of doing business but right now their watch is willing to accept that set of rules set by a w t o which will make it more open and transparent there are still forces approaching it and common sense behind it. and the technical problems we have faced in the way towards the deputy or 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 intellectual property and have resolved the issue we've been working on fitness and sundry control and the result the problems existing there we have also discussed the issue of american chicken meat import quarters each time the issue got more and more difficult to resolve the

lifting of the jackson van a commitment was linked to tackling one such issue i think the situation is going absurd for example one of the soviet human rights advocates who had served 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 but i went to prison and for reasons other than the u.s. poultry imports and i think it meant should finally be lifted the whole situation has long been over june. 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 or removing high ranking government officials from say companies management boards is her way of reducing government influence on business and how does it work. with and of course that is what these measures are aimed at reduction of state influence over business and the stimulation of competition in

the market i believe some most important step is the sale of state holdings of shares at deals with the largest shareholders of all producers and banks and also ship building companies and others there was drawing. 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 of those who got off by the way you are going to lose your seat at the board of the world's biggest diamond producing company for example do you think a company will be better off without you likely wouldn't you know we have approached a very important position in our roster for years we had been consolidating the company's assets revising its property and reducing the cost of diamond mining and only two months ago it had its i.p.o. and became a g s c i think or feel that has set at least i consider them fulfilled because of issues terrible. finance minister for more than

a decade now what do you think is your biggest success any decisions that you regret so 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 the next three to four years and it will be another achievement that even the current policy has brought some major results first of all it's establishment of the russian federation stabilization fund and then the reserve fund and the national welfare fund it helps russia to survive the 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 that 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 the policy we carried out i am proud of you should. thank you so much

for your time. culture is that so much of the commercial calls on its complement is on the brink of currency time is running out for the american budget deficit failure to raise the debt ceiling could have catastrophic concert. more news today violence is once again flared up. these are the images koch world has been seeing from the streets of chatter that. china operations are on the day.

friends and military initiatives and maybe and i rico's back fired home was president sarkozy losing points and allies the french public are angry their leaders imperial ambitions are costing the country its money and reputation. in the us fast turning into an alley tronics waste with western companies sending computer junk to the poverty stricken country instead of recycling it while the consumer society provides work for locals their health is being put at risk once those return is trash. and russia is preparing to launch one of the most promising projects for the future of space exploration the biggest telescope ever which will allow the deepest corners of the universe to be scanned with extraordinary clarity

. so they have lines and is here with a lead sports news for us and a nervous time for the spartak moscow coach why that's right below the carbon source side lose again last not really now they've had a terrible start to the season and are in the relegation zone and cup in himself has said his job it's hanging by a thread but it was a better weekend for city rivals to i've got the details just awful. hello there you're watching the sport and these are the headlines. trading places two years ago a big group being to leapfrog defending champions and eat at the top of the russian premier league. while arsenal's very eager bench design goes his side's title hopes a dented by liverpool. job on russia will mean big checks in the fed cup final after white washing italy in moscow. a person a football and t.

is defending champions the need to go top of the russian premier league for the first time this season the army men remain unbeaten after getting two nearly home to ten man group b. more gonzales's first half deflected shot thrilling goalkeeper security calls to put the hind side ahead and then subdue was in the right place to make it saying no shortly after the break. and with six minutes to go betweens day went from bad to worse after defender salvatore but chatty picked up two quick yellow cards to see red the man from his and slipping to seventh in the league well is any had temporarily gone top after winning three one is struggling and alexey ian of making the most of some suspect defending for the visit had after twenty minutes and it didn't take long to double the early just four minutes in fact danny crowning his mazy run with a great individual. and any wrapped up victory with ten minutes to go alexander

who could of strolled around and cause the fans to make it rain or are left to grab a stoppage time consolation for the home side luciano's bless these men running out come from the winners and stay third. new boys going missed the chance to regain top spot after they lost to a leg. locker might see my gamut of scoring with eight minutes remaining the goalie caught off guard there if you look at their second win of the season and seeing them into the top. off. and then spot that moscow coach but every company is feeling the pressure his side stay in the drop zone after suffering a three one defeat and see the muscovites had taken the lead from the major combat of but angie drew level with a simple ball into the ball van holland finding himself a marked and not in the equaliser a spot like the fans all over the place in defense were again asleep and he's going

to have been right and rising highs to get his head on it's they could have got another saying at the end and you move up to six balls sack of only one win from their birth by league matches last week they were dumped out of the europa league quarterfinals by poor and i don't get carping as bray is poor concentration level. i just one side below the spotlight at the moment and that is tom tom who tried to analyse this evening in search of death to rid of the season's. over in england arsenal manager arsene banga has complained about the amount of injury time played in his side's one one draw with liverpool the reds equalized with the last kick of the game in the twelve minute addie time at the emirates severely denting the gunners title hopes to injuries there were eight minutes of stoppage time the girlies booted snatch the vital when robin van persie slotted in a ninety eight minute penalty after jay spearing at broadband fabregas burst with the afterwards emmanuel in a foul blue chris the lad had to grab

a red equaliser from the spot after a hundred so humid so the gun is and i six points behind manchester united with six games left they will stay six well at wembley stadium set up an f.a. cup final with manchester city after beating bolton five near mathieu everington with the first from the edge of the pops and then center half. their top scorer this season managed to plant one into the bottom corner from a distance. and to cap off a great first officer kenwyne jones got a third of a simple finish for him in the second half so wore the same studs your wallet is finding the net with another corker. all of the shooting hoops on yesterday and for all ball is nightmarish finished off in the same mantra again to make you cry it's the first time state have reached the final. tally is russia

fed cup final after whitewashing italy here in moscow a victory sets up a final against the czech republic back in the russian capital in early november after winning by the evening singles russian leader just one more win on sunday and it is of one of the over lead them to victory with a straight sets win over a bit of vinci the world number three had few problems taking the first set six ball in the second sixteenth saying it was one of the most emotional big trees of her career. definitely a. very emotional going for me because i knew this would give my third point in the final solution he was a tough mentioned. tough opponent to play tricky applauded and i knew that when i was going into the match i think i did well because i played well the key points. that i want this match and definitely one of the most emotional moments in my career. and even when secured that it's against the final rush he didn't let up

complete in the whitewash on the sunday afternoon and see if. edging out. in the last singles match before russia went on with the double. while the czechs put their place in the final with a three two win over belgium after the match was tied to laughter the singles it all came down to the doubles and. colver came out on top getting the better of kirsten flipkens and you know maya six or six will score there. now rafael nadal is already looking good for the french open next month he won his seventh monte carlo masters title in a row with a straight sets win over david fret and remains. since two thousand and nine and the dow has now won his last thirty seven matches in this tournament and was always in control in the final breaking fair twice to take the first set six holes. to sharing breaks in the second girl broke in the eleventh game and then out for the match but afterwards he did admit he'd been pushed hard by fair. weather very

difficult much. in general. after the match of yes there was a little bit tired of. this very difficult player probably goes low so it was a wonder going to leave him because he had a fantastic third of the season so for him i think it is a win. is he was the semifinals last year here find it in the final now here so i wish him all the best for the us the good of the season now let's catch up with basketball in the first round of the n.b.a. playoffs four games took place on sunday including the memphis grizzlies first playoff victory as they beat san antonio one hundred one points to ninety eight shane by his three points twenty three seconds to go see the wind there the l.a. lakers lost one hundred nine to one hundred at home to the hornets in the other two matches boston beat york and denver. got the better of oklahoma. in the states that

turned into the battle of the rockies gulfs texas open but brandon steele 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 is also in this season on the tour and even grabbed a share the leader lee on after sending his ball close the pin on the tenth here chappell eventually finishing tied for second with charlie kaufman who had one of the shots of the day. while had a steady round the twenty eight year old closed with this part of party claim a texas open his first title and a nice paycheck of just over one and a half million dollars to go with it. and italian teenager to get him on a cereal has won the malaysian open and i saw your birthday present to you he's eighteen tomorrow a mini series finishing a shot ahead of gregory boarding from france while remarkable roy during the final round of last week's masters finished in thirty two shots back. chinese grand prix

went out it was hung out and has described this weekend's race as one of the best teams they need and mclaren driver pit red bulls sebastian vettel to the checkered flag after a real tussle for the lead vettel started on pole but hamilton and teammate jenson button past the german with a brilliant get away off the line but how not and lost it was his position in the first round of stops the briton made one more stop them battle and it made his fresh tires work he past button critical mass is ferrari the sadie's nico rosberg before overtaking vettel with four laps to go button was picked to third place on the penultimate lap as red bulls not whether superbly hold back from eighteenth in the great russian vitaly petrov was ninth in his run a one hundred and is now just eighteen points behind battle in the championship. one of the best wrestler i've experienced where. you know guys are out for a minute have to do quite a lot of overtaking. from there to the guys in the factory and gary do really

put their hearts into developing the car and making the car the best they can be every weekend feels amazing to be able to bring it home. finally to the london marathon the russian's defending champion elitist cover was beaten into second place by mary keitany of kenya keitany broke away after fifteen miles around an unofficial time of two hours ninety minutes and seventeen seconds defending champion favorite with second a minute behind but with a personal best time while another kenyan ethnic look at was third while the men's race was also dominated by kenyans emmanuelle in taiwan with a course record of two hours four minutes and thirty eight seconds for a countryman martin well apart from the crowd and second and third. so that brings us up to date with the sports writer that is next.

hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on the t.v. . we'll. bring you the latest in science and technology from around russia. we've got the future covered.

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