but you know what you be able to make hotels you're very cool durable teachers and you're like toast. in serbia lutie is available in most unpleasant regency. now at two thirty pm here in moscow you will see the headlines now france is a military initiatives in libya and the ivory coast a backfire at home with president sarkozy losing points sandown eyes the french public are angry the leaders imperial ambitions a cost in the country its money and reputation. india is fast turning into an electronics waste dump with western companies sending computer junk to the poverty stricken country instead of recycling it for the consumer society provides work for locals health is being put at risk when those goods return as trash. and

russia is preparing to launch one of the most promising projects for the future of space exploration the biggest telescope ever to unfold it will allow the deep is corners of the universe to be scanned with extraordinary clarity. and up next here on r.t. talk of an oil prices a swathe countries around the world pressures a finance minister tells r t how that impact will be felt instead of us. high oil prices as it's such a good thing for the russian economy work there's a downside to it to get an answer to that question and more we're sitting down with russia's finance minister i think with it thank you very much for your time i think anybody as those uprisings spreads throughout the middle east and north africa or presence of advanced nineteen percent since the beginning of the year what are they

deans and losses pluses and minuses of such as pipe prices for russia the world's number one well exporter. this will certainly slow down the global economy as a whole it will bring their own demand including energy demand and therefore at the end of the day all prices will have to go down to that's one thing another thing is that such price volatility when the prices swing up and down is a big challenge for investors well production investors need to have clear benchmark crisis and therefore see so 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 there a problem of how that super profit is managed and invested in inside russia. and the thing is that whenever the praise grow significantly over a short period of time russia gets a large influence 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 puter export performance and increased import volumes and it's imports cheaper that's making the imported goods competitive with domestic ones this slows down the domestic production rates therefore such an inflow of petrodollars could have a negative impact on the russian government puts part of these profits aside as a reserve in order to very there's a negative impact let's talk about currencies helping pendent. is their russian currency the rule on oil prices and how stable is it worth now or what to expect in the future. so. great no we're strengthening the ruble a bit juta the increased oil prices we surely understand that they won't 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 ruby leads to increased import volumes which causes france russia pays for the importance of the money in

a way returns we loaned the us high oil prices at the end of the good ground state by the increased imports which ultimately leads to the ruble stabilisation we didn't expect any significant changes to the ruble from a two to three your 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 wallets reserve currency the u.s. dollar is it 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 between banks by making these transactions simpler by allowing them on our markets under any circumstances nor reserve currency freely convertible for the world's major currencies 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 us is facing a crisis now europe is facing a debt crisis where does that 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 of the maastricht treaty on european union says the top limit is sixty percent of g.d.p. in most developed countries have either come close to or gone beyond us limit and over the next five years will see the average national debt figure grew almost by one hundred percent thus entering the risks which is unfavorable for the global economy for instance we know that italy is current that exceeds one hundred percent

and japan's debt is over two hundred percent these countries are already in the risk zone that's russia looks pretty good compared to their situation hurt president medvedev say many times the only way for russia to break out of dependency on natural resources is to remodel. how's that process. if. you see we have these objectives stated in our long term development plan after twenty twenty the plan was developed before the crisis and that's modernization is are objective we have a large number of modernization projects on our budget we do. and cut down on them during the crisis instead we increase their number so all of our kind of priorities are linked to modernization and most important and fundamental goal of modernization it's a bring down inflation and interest rate and credits in 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 and space an aircraft industry as well as biological and nanotechnology tragically 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 industry first of all and home electronics production a lot of new factories have been built recently the process has spread to all pharmaceutical and automotive industry has a lot of foreign companies have made their way into the russian market and started introducing a new state of the art equipment that is contributing to the modernization process in these industries even google after virus is included in the modernization project so one night vision gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not lowered how much will accession to the world trade organisation contribute to that goal of modernization

. it will definitely help to modernize russian industry because the country will obtain free access to new technology and equipment and of course foreign investors will realize that if they want for the action in russia the goods they produce will go to all the markets of the world unhindered so they're the 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.t. or more focus will be made on investments in a western market oriented production say for the c.i.s. and. europe even asia and other regions of the world to. which. 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 their congress that has to lift the jackson and then it amendment then judging by the way by their ability to stall

things at the most when when deals like i remember the debate over the start treaty and it was it was amazing how close it was how political rather than substantial what do you expect from u.s. lawmakers on this one jackson invented amendment. to the jackson van eyck amendment 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 cooperation between russian and american companies will be affected and russian treated relations with other countries will be defined by the w t o regulations that's the see american companies are in greater need of waving their management than we are once again russia's w entry can be assured with him in still in force but if obama's support of the step in the parliamentary backing in his country politically it will be a certain sign for us and we'll draw our own conclusions the. it's interesting

everybody here in washington says they would like to see more open more transparent in terms of the end business but right now they're brushes willing to accept that set of rules set by w t o which will make it more open and transparent there are still forces appalling and you see any common sense behind it. the technical problems we have faced in the way towards the derby teel 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 speed of intellectual property and have resolved the issue and we've been working on sun tree control and resolve the problems existing there we've 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 as you i think the situation has grown absurd for example one of the soviet human rights advocates of the terms and

various prisons of russia the time when the amendment in question was introduced and it was designed to grant certiorari for the right of free immigration from the soviet union told me when i went to prison and for reasons other than the u.s. paltry imports and i think the amendment should finally be lifted the whole situation has long been over due. 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 state companies management boards is that a way of reducing government influence on business and how does it work. with. of course it is these measures are aimed at the doctrine of state influence over business and the stimulation of competition in the market yes i believe it's the most important step is the sale of state holdings of shares it deals with the largest shareholdings of oil producers and banks and also ship building companies

and others there was draw a state official. strong boards of directors substantially reduces the influence of top officials but nevertheless the state will not cease influencing these companies remember that they are still owned so it's more important to focus on selling the enterprises. 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 you. wouldn't you know we have approached a very important decision in our also for years we have been consolidating the company's assets revising its property and reducing the costs of diamond mining and only two months ago it had its i.p.o. and became a g.s. c. i think they are fulfilled that has set at least i consider them to field because of the. finance minister for more than that now what do you think is your biggest success any decisions that you regret so. i think i 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 which are expected to go up to a pre-crisis mark of five to six percent for the next three to four years and it will be another achievement but 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 that help 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 carry data that i'm proud of it thank you so much for your time.

culture is that so much money and which are called on it comes of years in the brink of bankruptcy time is running out for the american budget deficit failure to raise the debt ceiling would have catastrophic concert. wealthy british style. is not on my list. of. markets. find out what's really happening to the global economy for a no holds barred look at the global financial headlines few names to cause a report on our. morning news today violence is once again flared up the first these are the images

the world has been seeing from the streets of canada. chunks of operations are today. headlines for one hour to france's a military initiatives in libya and ivory coast but far at home with president sarkozy losing points and allies the french public are angry the leaders imperial ambitions are costing the country its money and reputation. india is fast turning into an electronics boys to deal with western companies sending computer junk to the poverty stricken country in stead of recycling it while the consumer society provides work for the locals their health is being put at risk when those goods for ice trash. out of russia is preparing to launch one of the most promising of projects for the future of space exploration the biggest telescope ever to and to

order it allow the deepest corners of the universe to be scanned with extraordinary clarity. hard now let's dive headfirst into the world of sports with. hello there you're watching the sports and these are the headlines coming by a thread spotlight carping feels the pressure is his side slumped to another defeat . while still saying events his anger is the gunners title hopes it dented by liverpool. job done russia will meet the czechs in the third cup final possibly washington state in moscow. but first the pressure is building on spot at moscow for larry camp and he's playing his players for a lack of concentration not an easy to see one to angie last night the red and white from a second from bottom in the russian primarily i'm

a recently thrashed ten three on aggregate i portray and here openly i laughed at that defeat carping admitted his job by a thread and that must be fraying now after his side through way the lead against angie and muscovites went ahead through the major combat of. but angie drew level with a simple ball into the bulge on her lenda finding itself unmarked nor the prize that spot x. the fence all over the place and the defense were asleep again but angie's winner and one boy are rising price to get his head on it and he moved up to six after this when most spartak of only one win from their five league matches cap instead the size of a fourth place finish last season but things are looking pretty bleak for the muscovites at the moment. happy times here scar though they're going to home to ten man rubin mark gonzales is first half the flick the shell filling goalkeepers you call fair to put the home side ahead then said dude was in the right place at the right time to make it shortly after the break and with six

minutes to go dave went from bad to worse after defenders over twenty but yet he picked up two quit yellow cards to see red men from his than seven in the early. years anyhow temporarily gone top after winning three wonder struggling alexian of making the most of some suspect the spending to put the business is ahead after twenty minutes and it didn't take them long to double their lead i just for me said frank downey cramming his amazing run with a great individual go. and any victory ten minutes to go alexander bluecoat of strolled around them caused offense to make it three nil we however did get a stoppage time consolation for the hind side of letting his men the roll back when it's. state of the. wound you boys all get this the chance to regain top spot themselves after they lost to

a late goal of luck you might see my gamut of scoring with eight minutes remaining the goalie caught off guard by a big deflection i looked at getting their second win of the season which puts them into the top twelve. so a quick look at the table. this girl still unbeaten game in hand and sits at the top followed by the natives second on goal difference and then there are three things just to point back the folder to present our band while at the other end moscow a second from bottom we are and could even go. if the top spot out now takes away this evening and it's tearing down our existing flying either. over in england asked the manager asked in bangor has complained about the amount of injury time played in side one one draw with liverpool the reds equalized the last kick of the game in the twelve minute of added time at the emirates by severely denting the gun this title hopes to injuries there were eight minutes of stoppage time initially nick understood instructions vital when robin van persie slotted in

a ninety eight minute penalty but liverpool rewarded a spot kick themselves shortly after school with it in the twelfth minute of added time thank you said he did not know where the four extra minutes had come from the gunners the second in the league six points behind leaders manchester united. while at wembley stadium set up an f.a. cup final crunch the city after beating bolton five nil mathieu everything met with the first from the edge of the box and then center half of it who thought their top scorer this season managed to plant one into the portland corner from this. and to cap off a great first half and when james the center forward got the third oversimple tackle on the second half so more of the same stokes john walters with a shooting boots on so he found the net with another call from distance from bolton's nightmare was finished off when the same man struck again to make it five nil it is the first time states have reached the final. while in tennis

russia through to the fed cup final for the first time in three years after whitewashing defending champions italy here in moscow victory sets up a final against the czech republic back in the russians. i saw in early november after winning both take the singles russian needed just one more win on sunday in beer is upon of the over lead them to victory with a straight sets win over a good in the world number three had few problems taking the first eight six four in the second sixty saying it was one of the most emotional victories of her career . definitely in a. very emotional in for me because i knew this would give my team a third point and will go into the final so it's unfair he was a tough lesson. tough opponent to play trigger point in and i knew that when i was coming into the match i think i did well because i played well the key points. i want this match and differently one of the most emotional wins in my career. even

know her much if you're rushing into the final of russia did not let up this late in the whitewash on sunday afternoon to see a public change of a just edging side it on in the last singles match russia also went on for win the double it's. the czechs but their place in the final with a three two win over belgium after the match was tied it to wall after the singles it all came down to the doubles and then it's over. came out on top getting the better of kirsten flipkens and euna. six four six four. while 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 a bit dated and remains on beaten on clay since two thousand and nine when thou has now won his last thirty seven matches in this tournament and was always in control in the final breaking for twice to take the first set six four. then after sharing

breaks in the second and our broken eleventh game and for the match low afterwards he admitted he had been pushed hard i suppose it. was a bit difficult. in general. but the match of yes there was a little bit. difficult. to leave him because he had fantastic just out of the season so it will be and i think it is a when. he was in semi finals last year here find it in the final now here so i wish him all the best for the rest of the season the basketball and the n.b.a. playoffs four games took place on sunday including the memphis grizzlies first playoff picture as they beat san antonio one hundred one points to ninety eight jane batty is three points or twenty three seconds to go a seed in the win by the l.a. lakers lost one hundred points one hundred nine at home to the hornets and in the

other team much. there boston to new york got the better of oklahoma. turned into the battle of the rockies at golf's texas open but a grand in still held his nerve to claim his first title during his first season on the p.g.a. tour he was chased by kevin chappell who's also in his first season on the tour and even grabbed a share of the lead early on after sending this ball close to the pin on the tenth chapel eventually finishing tied for second with charlie hoffman and hoffman had one of the shots of the. steal meanwhile a steady round resell for the twenty eight year old closed with this part of the plane the texas open his first title a nice just over one and a half million dollars to go with it. and italian teenager matty a minus zero has won the malaysian open a nicety birthday present to you he's eighteen tomorrow and it's a very finishing a shot ahead of greg from france while remark arroyo imploded during the first

round of last week's masters finished in third cheap shots back. chinese grand prix winner lewis hamilton has described this weekend's race is one of the best he's been in a mclaren driver pit red bulls sebastian vettel to the checkered flag after a real tussle for the lead vettel started on pole but how often and sing make jenson button pass the german with a brilliant get away off the line how often did lose his position in the first round of stops the briton made one more stop vettel and then made his fresh tires were he passed but the masses ferrari i must say these nico rosberg before overtaking vettel with four laps to go but he was picked to third place on the penultimate that as red bulls mark webber some pervy fall back from eighteenth on the grid rushes the tally petroff was ninth and he's run a one hundred and is now just eighteen points behind battle in the championship. one of the best rated r. i've experienced where. you know guys are out for

a minute have to do quite a lot of overtaking. from the up to the guys and back and. when you go and you really put their lives in to do it in the car and making the call the best it can be every weekend and who's amazing could be able to. bring home the victory. and we will end with that action from the london marathon my russia is defending champion the leader was beaten into second place by mary attorney of kenya attorney breaking away after fifteen miles on a time of two hours nineteen minutes and seventeen seconds defending champion and favorites a group about her second a minute behind and with a personal best time won another a painting. or a third while the men's race was also dominated by the kenyans emmanuel moved by one with the course recorded two hours four minutes and thirty eight seconds for a countryman martin del potro mccann came second and third. spot for the moment the weather is coming up 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 our t.v. . we'll. bring you the latest in science and technology from around the world. we've got the future covered.

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