the russians would be soon which bryson if you knew about soon from finance to transition these. stunts on t.v. don't come. here with us tonight from boston to a recap now of the main headlines from polls of political obstacles these popularity rating at historic lows critics saying the president is taking france down the path felt incurious with military intervention in libya and the ivory coast this comes just as he needs of the regime's ahead of next year's election.

russian police say a high level terrorist suspect with links to several moscow bombings has been killed in southern russia happened after a routine id check turned into a major shootout. and politics in england is threatening to ruin the hopes of a bailout for a other financially stricken e.u. countries nationalists made a major day of threatening to veto the rescue packages for nations like portugal. pull up next year nazi turbulent oil prices cause instability in the world's markets russia's a finance minister tells r.t. how that impact will be felt. high oil prices isn't such a good thing for the russian economy or there is a downside to it to get an answer to that question and more were sitting down with russia's own as minister and stick with it thank you very much for your time i

think anything as those uprisings spread throughout the middle east and north africa or 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 but again. 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 or oil 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 prices 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 being managed and invested in inside russia.

the thing is that whenever the prey's grow significantly over a short period of time russia gets a large and full of 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 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 can have a negative impact on the russian government puts part of these profits aside as a reserve in order to avert this negative impact let's talk about currencies helping pendent. is the washroom heard say the war on oil prices and how stable is it's worth now and what to expect in the future. so. right now i was strengthening the ruble a bit due to 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 a stronger ruble leads to increased import volumes which causes affronts russia pays for the importance of the money in a way returns will be alone and thus high oil prices at the end of the day get ground state by the increased imports which ultimately leads to the ruble 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 were then the world's reserve currency the u.s. dollar is at the beginning of the end for a dollar down and is what is your assessment. you shouldn't overestimate these measures the talk was about simplifying procedures for business that's which

may prefer to switch to other currencies and that's facility cooperation between banks by making these transactions simpler by allowing them on our markets under any circumstances no reserve currency freely convertible for the world's major countries 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 in the global economy will continue to grow. which is the u.s. is facing a bet crisis now europe is facing a bet 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. i just think that the maastricht treaty on european union sets the top limit at sixty percent of g.d.p. the most developed countries have ever come close to going beyond us limit and over

the next five years we'll see the average national debt figure grew 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 there exceeds one hundred percent and japan's there's over two hundred percent of these countries are already in the risk zone this 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 modernize its economy that person how's that process going. there for you see we have these objective 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 do. and cut down and then join in the crisis instead we increase their number so all of her kind of priorities are linked to modernization and most important one fundamental goal of

modernization the subring down inflation and the interest rate on credit 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 oil refining in the metal industry to engineering and 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 in home electronics production a lot of new factories have been built recently the process is spread to both pharmaceutical and automotive industry as 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 contribution to the modernization process in these industries even google after virus is included in the modernization

project so what lies asian gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not lowered how much would accession trade organization contribute to that goal of modernization. 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 they launch production in russia the goods they produce will go to all the markets of the world and hindered today the abscess 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 or 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 think u.s. administration is all for it but there is there a congress that has to lift the jackson and then it amendment then by the way by their ability to start things that are the most when when deals 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 then i'm going to end. the jackson vanek 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 to lead it doesn't mean russia will have to abandon its intention to join the w t your it will limit the u.s. presence in 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 or regulations that's to see american companies are in greater need of waving them in and we are once again russia's. entry can be assured with him in

still in force but if obama's support of this there is no parliamentary backing in his country politically it will be a certain sign for us and we'll draw our own conclusions. it's interesting everybody here in washington says they would like to see more open more transparent in terms of doing business but now there is willing to accept that set of rules set by w.t.r. which will make it more open and transparent there are still forces of calling it commonsense behind it. the technical problems we have faced in the way towards the w.g. 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 speed of intellectual property and have resolve the issue we've been working on sun tree control and the result the problems existing here 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 bannock amendment was linked to tackling one such issue i think the situation has drawn absurd for example one of the soviet human rights i think it's something that would serve terms in various prisons of russia of the time when the amendment in question was introduced and it was designed to ground such people the right of free immigration from the soviet union told me that i went to prison and for reasons other than the u.s. poultry imports and i think the amendment should finally be lifted the whole situation has long overdue. let's go back to some of the things the russian government is doing to make the economy more efficient like selling large they so state assets to private owners or removing high ranking government officials from say companies management boards is that a way of saying government influence on business and how does it work. with. of course it is these measures are aimed at the direction 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 shareholders of all of oil producers and banks and also ship building companies and others their withdrawal of state official. strong boards of directors substantially reduces the influence of top officials but nevertheless the state will not cease influence and leaves companies remember that they are still owned so it's more important to focus on selling the enterprise was. cut off by the way you are going to lose your seat at the border of the world's biggest diamond producing company for example a company will be better off without you. you know we have approached a very important position in our also for years we have been consolidating the companies our sites 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 are fulfilled that has set at least i consider them filled.

finance minister for more than that decade 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 expected to go up to the pre-crisis market 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 its establishment of the russian federation stabilization fund and then the reserve fund and the national welfare fund it 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 am proud of it thank you so much for

your time. good soaking has been to the chill ya been screeching for the longest secret of dumbest steel has been discovered. r.c. goes east of lake baikal where the longest russian railway line runs. the sunday desert and lies among siberian mountains. where people follow the same routes as hundreds of years ago. welcome to the trucks like. russian flow so far to. download the official policy of location join a phone called touch from the i choose option. jaunty life on the go.

video on demand talkies my world comes and says feeds now in the palm of your. question on the quality dot com. the headlights are on our media and the polls put in nicolas sarkozy's popularity rating at historic lows and critics are saying the president is taking france down the path of imperialism with military interventions in libya and of the are very close to the council just as he needs the ratings ahead of next year's election. russian police say a high level terror suspect with links to several moscow bombings has been killed in southern russia happened after a routine id check turned into a major issue. in the politics seem to finland is a threatening to ruin the hopes of a bailout for the financially stricken e.u. countries nationalists made major gains threaten to veto the rescue packages for

nations like coke. and a more news in about fifteen minutes time but next it's kate with the sports and she has the breaking news of a departure of a coach in one of moscow's top football club. hello welcome to the sports news thank you for joining me ask you how the headlines standing down valerie coppin resigns as head coach of second bottom starts at moscow. while guns blast also inventor vents his anger after arsenal's title pipes of dented by the late joy with liverpool. fans jumped on the russian rasik to meet the czechs and that cup final at the white washing italy in moscow. to start with the news of a larry carbon has resigned as head coach of second bottom spot after almost three years in charge of the most club there was currently stay on as general manager the

forty two year old will prepare the team for wednesday's russian cup quarter final time the cousin of the former did not my coach under a couple of and jeremy are you helping to replace them copping became coach in april two thousand and nine and left the club and so i left the club the second in the russian premier league and fourth the following year but this season spot sakit so i can just call points from five matches and lost ten three and i think it's important in the europa league quarter finals well the last row came for coffee cup at his side lost to want to sign a three on sunday to stay second boss in the premier league he blames his players for a lack of concentration response like threw away the six they need they took as a movie come out of but if you levels are not a simple. man who end up not in the allies or sponsors defense in disarray and with fifteen minutes to go to sleep again for angie's remark then what i want roast honest to help and think of six in the senate one just one of the

first five hundred matches in this eighteen month transition this season. however these are obvious i would say stunned when top off doing two minutes ninety ten money being what gonzalez the first half deflected shot who was going to keep the surrogate. inside the head. then saving do via the right place to make it will shoot you after the break. and six minutes to go rubin's day went from bad to worse after defendant salvatore because he too quick yellow cards to see red rental cars and stick to seven's. in the area anyhow temporarily gone so after going through one of studying i'm ca let's say he almost making the most of some suspect defending this is ahead after twenty minutes didn't take them long doubles their lives just four minutes in fact danny crying his knees and run with a fine degree to go. out and wrapped up victory with ten minutes to go as alex and

a good crowd of sprawled around the fence to make it three no. i am a follower of did grab a stoppage time consolation for the home side trying to split his man rolls out from the car so he said bottom. line it was above that missed the chance to regain top spot after they lost one leg on more teeth making it as day of spring with eight minutes remaining the goalie caught off guard by it deflection to help the folks second win of the season into the top off holder. so. there is a top still on day one with the game in hand there isn't a two hour level on points so also have a worse goal difference and then there are three teams just a point further back volga and didn't pass the guard and could run while at the other end at spartak moscow a second from bottom three could even drop to the bottom if tony gwynn spot

something not jake and that match is deep into the second half now chicken curry eleven could rises by six with the victory button placed have been yet to score a goal so far this season but that currently two one up. over in england asked the manager asked and then there has complained about the amount of injury to. played in inside small one hundred little ball the reds equalize with the last kick of the game in the twelve minutes about it time so many dents in the gunners title hopes q two injuries there were eight minutes of stoppage time around the goddess thought they'd snatch a vital win and robin van persie slaughtered in a ninety eight minute penalty but little paul were then awarded a spot kick themselves and can't score it after one hundred two minutes thank you said he didn't know where the four extra minutes of come from the gunners are second in the league but six points behind bunched united six games left to play. whether wembley stoke reached their first ever f.a. cup final after thrashing bolton five nil the high semifinals since one hundred thirty nine mathieu has internet in the first from the edge of the box center half

what it used to start school season. is with the us and distance. and within thirty minutes state had stretched their lead to three no you can mean james the second half so more of the same stokes john walters find that. another quarter . that is not there was completed when the same man struck again so make it five now mithun side will face manchester city in the final at wembley on may the forcings. and meanwhile in tennis rushes through to the fed cup final for the first time in three years after whitewash and defending champions italy here in moscow the big three sets up a final against the czech republic back in the russian capital in early november after winning both opening singles russia needed just one more win on sunday and directs monterrey that lead them to victory a straight sets win win against the vinci while the mystery had a few problems taking the first set six ball in the second six two saying it was

one of the most emotional victories of her career. differently it was a very emotional in for me because i knew this would give my third point to go into the final so it's ever been. those are tough measures and. tough opponent for poetry capable of it and i knew that when i was coming into the match i think i did well because i put in well the key points. that i want this marriage show him differently one of the most emotional wounds and regular. and even those that get to secure their passage to the final rush hour did not let up in the white wash on sunday afternoon and asked us to have a change of air just edged sorry ironic in the last singles match and russia went on to win the doubles and the czechs looked to their place in the final with a three two win over belgium the match was tied it to all after the singles matches so it all came down to the doubles and that if it had been a sober and obviously it's over came out on top here about it first and second i

mean of the six four six will. i mean all of those looking good for next month's french open after winning his servants monte carlo masters title in a row he doubted fair in straight sets and remains unbeaten on clay since two thousand and nine but all has now in his last thirty seven matches in this tournament and was always in control in the final breaking twice the first set six four. after sharing breaks in the second and broke in the eleventh game and minutes of doubt for the match that's after the world number one i'm missing the big push toward my fair. now chinese grand prix went out lewis 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 pole in a dramatic battle for the lead at all started on pole but how will tim and teammate

jenson button past the german get away off the main item didn't lose his position in the first round stops the briton made one more stop the battle made his fresh tires work he passed the button three paymasters ferrari and it's the last book before him. taking befalls for us to go bottle or spit to set place on the announcement laugh is what pulls from our web that supposedly for a change i have read a ton of patrol officer night in his right eye on the sun is not just eighteen points behind at all in the championship. funny russia. playoffs are underway across the country and states cattleya physical culture became the latest quest for the all russia super final rank also have takes a look at the growing student league which was formed in the four years ago i know still in its infancy the association of student basketball for a as he has been called the spreading its roots rock the biggest country on earth the latest season

is the biggest yet with one hundred forty nine men and eighteen when the steed's taking part we've built a huge rise in interest has been registered in many regions of russia it's really important because professional basketball has always been well developed in moscow and this recent shift registered in regions is really reassuring i think the association is on the right way about whether it's a regional or a country like playoffs or even a regular championship match these gauge are attracting the fans this season is carefully tailored to ensure that both players and supporters can play for or cheer on their school staff and i did because my friends were in the team it is great to see my friends tweens and i hope they will win today to help us develop north america by aligning basketball or last i used to go to the school it was here that i started playing this game. and buses full of students always follow their favorite teams so it's clear that basketball is attracting more fans the fan base

is constantly growing dispute events become popular among students and the greater the number of young players the more professional coaches and basketball players we have in my book so for russia's student athletes to watch the kind of attention their peers get elsewhere welcome. and c w for instance alexander beloved the son of russia's and big basketball champion syria gave a lot as experienced. he's now a player coach and most schools belong to me the level of skill still lies different united states much higher just like god the level of india is different from nearly so but you know. it's be i think it's a great project that can you know have not have something not my kids or double a but coming close. temple there so c.h. a student basketball encompasses over two hundred universities across russia from kaliningrad to bloody cost all the leagues

a far cry from its american version the mc doubly is the growing stronger in the last three seasons with at least twenty players make it it's the pros that's number that's the bouncing ball with a new t. shirt as russia prepares to host that's going to thirty university games in cars and student sports gets the maximum of attention from the governments among khosla artsy moscow. and also the scorsese and are. hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers.

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