because i'm still certain the millstones are true some of the tree house today is the blue goldman's homes remember this room it used to be the montague much of the world from the ruins hotel. which marty coming to live from moscow at the top stories france is military initiatives in libya and ivory coast backfire at home with president sarkozy losing points and allies of the french public are angry their leaders and very own visions are costing the country its money and reputation. india's faster internally tronics waste dump 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 students return is trash. and russia

is preparing to launch one of the most promising projects or in the future of space exploration the biggest telescope ever to enter orbit it will allow the deepest corners of the universe to be scanned with extraordinary clarity. up next as turbulent oil prices sway conferees around the world russia's finance minister tells r t how that impact will be felt. high prices isn't such a good thing for the russian economy or there's a damn sight to it to get an answer to that question and more we're sitting down with russia's finance minister and if they go there thank you very much for your time i figure anybody as those uprisings spreads throughout the middle east and north africa or prices of advance nineteen percent since the beginning of the year what are big gains and losses pluses and minuses of such a spike in prices for russia the world's number one or the exporter of the

conditions i mean that this will certainly slow down the global economy is of course it will bring down demand including energy demand and therefore at the end of the day it will prices will have to go down to the thought of one thing with another thing is that such price volatility that when the prices swing up and down with news a big challenge for investors the oil production investors need to have clear benchmarks crisis and therefore see saw prices make the investment process is very difficult you know 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 growing problem of how that super profit is being managed and invested in inside russia like i told you so the thing is that whenever the place grew significantly over a short period of time russia gets a large employer petro 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 a stronger ruble leads to

a polluter export performance and increased import volumes and makes imports cheaper that's making the imported goods competitive with domestic ones this is the only domestic production rates there for such an influential dollars can have a negative impact on the russian government which part of these profits aside as a reserve in order to avert this negative impact let's talk about currencies how dependent. is the russian currency the ruble on oil prices and how stable is it's worth now and what to expect in the future philip. right now i was 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 rupee leads to increased import. which causes france russia pays for the importance of the money and then we return square below and those high oil prices at the end of the day get down state

by the increase imports which ultimately leads to the root stabilisation 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 rather than the world's reserve currency the u.s. dollar isn't 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 corp from banks let me king these transactions simply by allowing them on our markets under any circumstances no reserve currency freely convertible or the world's major currencies 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 euro zone lives to overcome its present difficulties i'm sure it will the euro significance and the global economy will continue to grow. which is the u.s. is facing a crisis now europe is facing a debt crisis where does it 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. or do you just think that the maastricht treaty on the european union says the top limit is sixty percent of g.d.p. most developed countries have either come close to or gone beyond those limits and over the next five years will see the average national debt figure grew almost by one hundred percent because not entering the risk zone which is unfavorable for the economy for instance and we know that italy's current debt exceeds one hundred percent and japan's debt as over two hundred percent i believe countries are

already in the risk zone that's russia looking pretty good compared to their situation will hurt president medvedev say many times the only way for russia to break out of. our natural resources is modernize its economy by how's that process going. there for you see we have these objective stated and i want term development plan up to twenty twentieth's the plan was developed before the crisis and that's modernization is our objective of the world we have a large number of modernization projects on our budget that we do. and cut down on the water in the crisis instead we increase their number so all of our kind of priorities are linked to modernization and most important the fundamental goal of modernization is to 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 of aircraft industry as well as biological and non of technology 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 and chemical industries cilia laws and paper industry the process is now also active in the processing industries first of all the whole mellotron export auction a lot of new factories have been built recently the process a split a bill pharmaceutical and automotive industry a lot of foreign companies are made their way into the russian market i started introducing new state of the art equipment that is contribution to the modernization process in these industries even google after viruses included in the modernization for exactly what lies asian gradually comes all branches of industry but it can be completed promptly if the credit interest rate is not lord how much will. contribute. modernization.

it will definitely help to modernize russian industry because the country will obtain free access to the 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 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 once we have joined the w.g. or more focus will be made on investments in a western market oriented would actually say for the c.i.s. and. even asia and other regions of the world too. 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 a congress that has to lift the jackson and then a commitment and by the way by their ability to start things that are the most when when bills like i remember the debate over the start treaty and it was it was

amazing how cancer it was how political rather than substantial what do you expect from u.s. lawmakers on this one on jackson and then a commitment. to a jaxon van a commitment does not pose 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 or it will limit the u.s. presence on the russian market of cooperation between russian and american companies will be affected and russian treated relations with other countries will be defined by the county teel great relations that's to see american companies are in greater need of waving their mainland and we are once again russia is the beauty of entry can be insured with them in and still in force but if obama's support of this that gives him a parliamentary backing in his country politically it will be a certain sign for us and we'll draw our own conclusions was a signal. it's in france they never but here in washington says they would like to

see a more open more transparent in terms of doing business but now there wash is willing to accept that set of rules set by w t o which will make it more open and transparent there are still forces opposing it do you see any common sense behind it. probably isn't it clearly the technical problems we have faced on the way toward. peace i mean with all the patients and their special rules for individual sectors of the us economy and u.s. companies we have been working on this in the speed of intellectual property and going to resolve the issue again we've been working on sun she controlled and a result of the problems that existed here we have also discussed the issue of american chicken meat in cork waters each time the issue got more and more difficult to resolve the lifting of the jackson valley commitment was linked to tackling one such as you i think the situation is drawn absurd for example is one of the soviet human rights of the us of a through their terms in various prisons of

russia at the time when the amendment in question was introduced and it was designed you know ancestors of the right of immigration of illness of even told me that i went to prison for reasons other than the us military imports and i think image should finally be lifted and the whole situation has long been over due process let's go back to some of the things the russian government is doing to make the economy more efficient like selling large stake so state assets to private owners so removing high ranking government officials from say companies management boards is our way of reducing government influence on business and how does it work . with. 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 it deals with the largest shareholdings of the world producers and banks and also ship building companies and others the withdrawal of state of fish. 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 for isn't selling the enterprise and. by the way you are going to lose your seat at the board of the world's biggest diamond producing company for example a company will be better off without what you would do you know we have approached a very important position in our roster for years we have been consolidating the company's assets revising its property and reducing the costs of diamond mining but only two months ago it had its i.p.o. and became a g.s. c i think if a field that has set at least i consider them fulfilled if you have a. finance minister for more than that 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 watching system in this country had rather

a high level of economic growth in the pre-crisis period for expected to hit the pre-crisis mark of five to six percent in the next three to four years and it will be another achievement but even the current policy is there are some major results i did first of all it's establishment of the russian federation stabilization fund and then the reserve run on the national welfare fund it helped 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 it was going to do that russia's most reaching financial stability this save this post as far as well as the well being of millions of russians and it is the result of the policy we got it i'm proud of thank you so much for your time.

i live in a country that don't understand that there's more violence in the streets of this country than there are in the streets of baghdad. one night in the spring below the bridge of. the. road where there's room a regular. street of the. wealthy british style.

markets. come to. find out what's really happening to the global economy with much stronger no holds barred look at the global financial headlines kaiser reports on. france's military initiatives and maybe an ivory coast backfire at home with president sarkozy losing points and allies the french public are angry their leader imperial ambitions are costing the country its money and reputation. india's faster earning intelligence western companies sending computer junk to the poverty stricken country instead of recycling it while the consumer society provides a work. better for locals their health is being put at risk when those peanuts return track. am. russia's preparing to launch one of the most promising projects for the future of space exploration the biggest telescope adverting and her orbit will allow the deepest corners of the universe to be scanned with

extraordinary player. all this we have here in our city and is next with the latest sports news. hello there thanks for watching the sports and this is what is coming up coming by a thread spotlight boss copping feels the pressure as his side slumped to another defeat. while all sides banga vent his anger as the gunners title hopes intensify liverpool. i'm sure russia will meet to check in the fed cup final after whitewashing this late in moscow. but first the pressure is building on. its military campaign he's playing his place for a lack of concentration after losing two one to n.z. last night the red and whites remain in the relegation zone in the russian premier league i recently thrashed ten three on the aggregate by porto in the europa league

but after that the company admitted his job was hanging by a thread and that must be for a night off the side through why the lead against andy the muscovites went ahead from the me to come battles but i'm going through a level with the simple born into the pope john paul and on yourself. like the french unlike the price of the fence was asleep again and he's going up in one rob rising prices get his head on it move up to six or spot i've only run when from their first ivy league match he's cocky and stated the side to the full price finish last season but things are looking pretty bleak for the muscovites at the moment. well scientists see a scar there top of the wing simulate trying to tell man rubin markham's always is first off the flag to chop food in gold but to get the he calls to put the hind side ahead then see do was in the right place at the right time to make

a signal shortly after the break and it's six minutes to go groupies day went from bad to worse after defender salvatore kitty picked up to quit yellow cards seeing red men from sleeping to seventh in the table. clearly identified had temporarily gone up after being free wonder struggling and alexi you know making the most of some suspect. of his head there after twenty minutes and it didn't take them long to double rarely to spawn minutes and frank downey craning his maze and run with a great individual. ten minutes to go as alexander who co-wrote strolled around downcast expense to make it rain or. follow the ground stoppage time consolation for the home side with the lessons man alive come through victors and. so. on you boys all get the chance to regain top spot after they lost to a late goal that looked mighty gamut of schooling with

a win for mainly because he caught offguard day giving locke a best second win of the season and sing them into the top off. so i could look at the table and lots of movement see a scar still on peaking with the game in hand and says they're full of byes and it's a second on goal difference and then there are three teams just a point back old class and can band together and spartak moscow are second from bottom but could even go bottom if the time be spot on now if you go away this evening i root for this tactic now not exactly flying either. fall over in england asked the manager are something that has complained about the amount of injury time played in the side's one one draw with liverpool the reds equalized with the last kick of the game in the twelfth minute of added time at the emirates a very denting the gunness title hopes due to injuries to eight minutes of stoppage time is going to put it such a vital win when robin van persie slotted in a ninety eight minute penalty off the case clearing of broadband says fabregas

that's fifty afterwards a boy both found luther's not black to try to grab a great equaliser from the spot after a hundred so you missed the gunners six points behind punched you know. just six days left by labor folks stay six and at wembley stakes that have an f.a. cup on the line for the city after its importance by three with the first from the edge of the box and then center half of the top story this season i managed the problem into the bottom corner from the distance. and cap off a great first half and we got a symphony from him the second half award the same john walters finding the net but they're not the core. group and seem to have i think the song yesterday. for both is not my thing is still the same man struck again to make by the first time state have reached the final thought meanwhile in tennis russia through to the fed cup

final after whitewashing italy a remote the victory sets up a final against the czech republic back in the russian capital in early november after winning by the singles russian leaders just one win on sunday i'm going to rio but lead them to victory with a straight sets win over the big change the world number three having few problems taking the first step that sits on the second sixteen saying it was one of the most emotional victories of a career. in jeopardy in a very emotional win for me. this week given my third point in the final selection so he was a tough match and. tough opponent to play tricky appointed and i knew that when i was coming 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 you know when secured that passage to the final russian didn't

let up the place in the whitewash on sunday afternoon to see if of a change of a just edging style darling in the last singles match and then russia went on to win the doubles scroll the chattels their place in the the final. three two win over belgium. are these matches it came down to this doubles match and there have been a sober barbara so of course the goal they came out on top getting the better of kirsten flipkens i mean with my six or six ball. rafael nadal is looking good already for the french open next month he won his seven one three color masters title in a row with a straight sets win over david fair and remains unbeaten on clay since two thousand and nine and it has now won his last thirty seven matches at this tournament and was always in control in the final breaking for their twice to take the first set six ball then the fairy breaks in the second row can be eleven ok and then serve

back for the match but afterwards did admit it been pushed hard by for there. was a very difficult thing in general. after the match of yours there was it would. always use if you. went on the believe in because you had a fantastic just out of the season so far he made a good as when. he was in semifinals last year here find it in the final now here so i wish him all the best for the rest of the season let's go to bars and go in the first round of the n.b.a. playoffs four games taking place on sunday including the memphis grizzlies first ever playoff victory is they beat san antonio one hundred nine points to ninety eight shane battier is three point three twenty three seconds to go seeding the wind there really lakers lost one hundred nine to one hundred at home for the hornets the other two matches boston beat new york and got the better of oklahoma.

but it did turn into the battle of the rockies the gulf texas open brendan 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 who is also in his seat. on the tone even grabbed his share of the leader early on after sending its ball close to the pin here on the tenth chapel eventually finishing in a tied second place with charlie kaufman and hoffman had one of the best shots of the day straight in. a steady rain twenty eight year old with this part of the party claim a texas a and his first title and a nice place to stay one and a half dollars to go with it. and italian teenagers getting on a cereal has won the malaysian open a nicely birthday present for him to you he's eighteen tomorrow minus zero finishing a shot a head of greg bordeaux and francoise rory mcilroy imploded during the final round of last week's masters finished in thirty two shots back. chinese grand

prix winner lewis hamilton has described this weekend's race is one of the best they need and mclaren driver pit red bull sebastian vettel to the checkered flag after a real tussle for the ladies that will start in on pole but hamilton and teammate jenson button past the german bring together way off the line but how much they lost his position in the first round of stops the briton made one more stop than vettel i made a fresh tries were the past button and he promises ferrari am the same as nicholas berg for overtaking battle before laps to go but button was picked to third place on the penultimate route is red bulls not whether some perv fought back from eighteenth and create a rush of atari petroff his ninth in his rent a bike helmets and is now just eighteen points behind battle in the championship. one of the best races i have experience where. you know you are the one for me in how to do quite a lot of overtaking. from go up to the guys and back in the factory and then we go

do you really put their hearts in to do it in the car and making the car the best it can be every weekend in those amazing to be able to bring it. home with victory and then we'll end the london marathon the russians defending champion the cooper was beaten into second place by america guarding of ten year on sunday a kidney breaking away after fifteen miles around an unofficial time of two hours nineteen minutes and seventeen seconds defending champion and favorites of group of a second a minute behind but with a personal best time on another county it was third while the men's race was also dominated by the end user manual one of the course record two hours zero minutes and thirty eight seconds at a countryman martin well i'm proud to have a second serve. so that is the sport back here as usual with more to talk about time about the weather and.

hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on r t.

to cold. cream new the latest in science and technology from around russia. we've got the future covered in taiwan all teas available in the land just like the whole town in typee the how it pulls a hotel tonight be sure sometimes the hotel hotel while shall his the grand hotel the show what hotel some will do see typee hotel kuvasz photo photo full of hotel resort evergreens the hotels like the grand victorian hotel the prince hotel hope springs resort and spa tie to hotel royal she plans on such a home town the western type a evergreen plaza hotel in thailand thailand just hotel time ambassador type the hotel full points pleasure.