the. price of a few. songs from steve. starts on t.v. dot com. if you just joined us for a welcome this is all to come to you live from the russian capital with twenty four hours a day top stories now for you. a rating at historic lows with critics saying the president is taking france down the path of imperialism with military intervention in libya and ivory coast this comes just ahead of next year's election . a major terrorist leader was killed in southern russia after a routine idea check turns into a major firefight police say he was involved in deadly bombings there in moscow.

from politics in finland is threatening to ruin the hopes of a bailout for other financially stricken e.u. countries nationalists made major gains of the latest parliamentary elections and have threatened to veto rescue packages formulation is like portugal. with another update for in fifteen minutes from now turbulent oil prices cause instability in the world's markets russia's finance minister tells r.t. help that impact will be felt the terms of the next. high 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 we're sitting down with russia's finance minister i think with thank you very much for your time i figure i need to reach as those uprisings spread 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 well exporter if the conditions i mean this will certainly slow down the global economy as a whole it will bring down demand including energy demand and therefore the end of the day all prices will have to go down too that's one thing 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 benchmarks prices and therefore cecil prices make the investment process is very difficult you know so many are saying although russia gains billions of dollars from high price of oil sales in the long run it may actually hurt the russian economy if we're a problem of how that super profit is being managed and invested in inside russia. the thing is that whenever the praise grow significantly over a short period of time russia gets a large influence battlers 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 but this slows down the domestic production rates therefore such an influential dollars can 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 let's talk about currencies how pendent. is the russian currency the rule on oil prices and how stable is it worth now or what to expect in the future. we're 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 the stronger ruble leads to increased import volumes which causes france russia pays for the import and so the money in a way returns we are beyond the us high oil prices at the end of the day get down

state by the increase 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 rather than the world's reserve currency the u.s. dollar is at the beginning of the end for dollar dominance what is your assessment . you shouldn't overestimate these measures the talk was about simplifying procedures for business which may prefer to switch to other currencies and thus facility cooperation between banks by making these transactions simpler i'll own them on our markets and any circumstances nor reserve currency freely convertible for the world's major currencies will be able to commute 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. as the u.s. is facing a debt crisis now europe is facing a bet quite 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. just think of the maastricht treaty on european union says the top limit is sixty percent of g.d.p. most developed countries have either come close to or gone beyond this limit and over the next five years will see the average national debt figure grew almost by one hundred percent thus entering the risk zone which is unfavorable for the global economy for instance we know that italy's current debt exceeds one hundred percent

and japan's debt is over two hundred percent these countries are already in the risk zone as russia looks pretty good compared to their situation hurt president medvedev say many times the only way for russia to break out of. our natural resources and modernize its economy. 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 our objective we have a large number of modernization projects on our budget which. and cut down and then during the crisis instead we increase their number so all of our current priorities are linked to modernization and most important and 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 in all sectors from oil refining in the metal industry

to engineering and space and aircraft industry as well as biological and none of that knowledge it 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 and home electronics production a lot of new factories have been built recently the process is spread to be a 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 for direct. gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not the lord how much will. the world trade organization contribute to that goal of modernization of the boer war. 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 the loan for the auction in russia the goods they produce will go to all the markets of the world unhindered today 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 a terrible 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 the u.s. administration is all for it but there is there a congress that has to lift the jackson and then a commitment then i think by the way by their ability to stall things that are the

most when when deals like i remember the debate over the start treaty and it was it was amazing how tense it was how political rather than substantial what do you expect from u.s. lawmakers on this one jackson and then a commitment. to the jaxon van a commitment does not pose any real obstacles to russia's accession to the w cheel i mean if the lifting the first amendment is deleted 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 see american companies are in greater need of weaving them in and then we are once again russia's w t entry can be assured with their mainland still in force but if obama's support of this step gives new parliamentary backing in his country politically it will be a certain sign for us it will draw our own conclusions it was

a good signal. it's interesting everybody here in washington says they would like to see a more open more transparent in terms of the end business but now their watch 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. the technical problems we have faced on the way towards the dead b.t.o. basically involve the creation of special rules for individual sectors of the u.s. economy and u.s. companies we have been working on this in the spirit of insulation property and of resolved the issue we've been working on sun tree control and resolve 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 a result of the lifting of the jackson van a commitment was linked to tackling one such an issue i think the situation has grown absurd for example one of the soviet human rights of it something that will

serve terms in various prisons of russia the time when the amendment in question was introduced and it was designed to grant certiorari the right of free immigration from the soviet union told me that i went to prison and for reasons other than the us paltry imports and i think imminent 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 so removing high ranking government officials say companies management boards is that a way of thing government influence on business and how does it work. with them of course that is what these measures are aimed at reduction of state influence over business and the stimulation of competition in the market yes i believe 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 the withdrawal of 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 enterprise was. cut off by. a board of the world's biggest diamond producing company for example a company will be better off without. you know we have approached a very important decision in our four years we have 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 are fulfilled that has set at least i consider them to filled in the bush. 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 are expected to go up to hit the pre-crisis mark of five to six percent for 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 international 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 it 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 caught it day to day i'm proud of it thank you so much for your time.

living in a country that don't understand that there's more violence in the streets of this country than there are in the streets in afghanistan or baghdad. one of the spring. breaks. out of the. crowd gathers from a review of. the streets of the city. the

. top stories this are off the polls but nicolas sarkozy's popularity rating at historic lows with critics saying the president is taking the pulse of imperialism with military interventions in libya ivory coast this comes as ahead of next year's election in front. of. a major terrorist leader is killed in southern russia routine checks and into a major firefight and he said he was involved in deadly bombings in. politics in finland has threatened to ruin the hope. of a bailout for other financial stricken countries nationals made major gains of the latest parliamentary elections and have threatened to veto rescue packages from

nations like portugal. for more news from in about fifteen minutes from now in the meantime kate is next with the sports and more bad news for spartak moscow hours after losing their coach they drop to the bottom of the russian premier league more days but what about what's coming up with next. hello welcome to the course of the top stories. down valarie cop in resigns as head coach of second bottom spartak moscow. while lost also bengal pence's i'm going after the title hopes against it by a late little. job russia will meet the czechs in the fed cup final the one pushing italy in also. and we start with the big news in russian football that the larry carlton has resigned as head coach of second bottom spot after almost

three years at the moscow club they were currently stay on as general manager the forty two year old will prepare the team for wednesday's russian cup quarter final times in class and the club owner leonard has confirmed he's already been in talks with former dynamic coach under a couple of covering took the reins in april two thousand and nine and let the club three seconds on the fourth the following year but this season spots are taking just four points from five matches and lost ten three out of it to porto in the europa league quarter finals well the last four games the carbon on his side lost to one of angie on sunday to stay stuck in boston the probably late he blames his players for a lack of concentration and spacek threw away the sixty eight they took to do so to morrow. and angie levels half an hour or so into the. island not to get a license defense in the same way. and you sitting next to go there as they began five hundred winner and one race was to help engine against six in space one just

one of the first five things in this eighteen month long transitional season. however there are happy times it's this guy who went top off and when you see them to thank you ten thousand rubin mark gonzalez first tossed effective shot to the author said it is off to the head. and then say do you do was in the right place to make it so you know shortly after the break. and the six minutes to go really is they went from bad to worse after defender salvatore rickety it's up to quick yellow cards to see red convention designs that disturbance. and early years and have temporarily gone talk after winning three one struggling car let's say you're not making the most of son suspect the friend but this is a head after twenty minutes and it didn't take them long to double their lives to score minutes in fact danny crying his mazing run fine and the intruder.

racked up victory with ten minutes ago xander who caught off strolled around on coast offense to make it three no. it did grab a stoppage time consolation of the home side but the china school lesson is meant rolled out once again it's. history who doesn't. want new boys valda missed the chance to regain top spot after they lost relates go look mighty mighty minute as they have scored with eight minutes remaining to those who fought but big deflection off the record their second win of the season put them into the top off holder assert. out of this one that even his other spots are not a new spot on the set and now bottom of the league told them they were lost and had yet to score the season's took a surprise to no later than ten minutes thanks goes out and going to shift and drop your hitch not six not a strong back three minutes to guys with a group. but the two want to defeat sees them slip from place to twelfth. leapfrogs

pass of moscow on goal difference. so they will take their top still unbeaten with the game in hand i was in it too i love the long threads but also the worst go the fence and then there are three teams just a point further back a goal go unbeaten class comes. last at the other end startup now brought up the table and run for points along with one car stuff. while i ring and ask the manager arsene wenger has complained about the amount of injury time played in size one one draw with liverpool the reds equaliser the last kick of the game in the twelve minutes about it time really denting the gunners title hopes fears or injuries there were eight minutes of stoppage time under the gun as though it's not so vital when robin van persie slotted in a ninety eight and save gazza little who was then awarded a spot kick in cells in turn can score it after one hundred two minutes if you didn't know where the four extra minutes a come from the gunners are second in the league but six points behind france

united six games left to play. well at wembley stoke reached their first ever f.a. cup final after thrashing also five near the high side the final score since one thousand nine hundred thirty nine mathieu has internet in the first on the edge of the box and then center half rabbit this is just a story of the season. granted some distance. in just thirty minutes that stretch their tips we know you can enjoy. the second half so more of the same stokes jordan rhodes is finding the net. another group. there is not risk free to bring the same man struck again so make it five mill middle side will face a mansion sitting in the final at wembley on may thirteenth. i mean while intense rushes through to the five cup final for the first time in three years after white washing defending champion. italy here in moscow the big three sets up a final against the czech republic back in the russian capital in early november

after we imposed labeling singles but he needed just one more weight on sunday and vera zvonareva led them to victory placed great segment of the rest of vinci while number three had a few problems taking the first set six for the second sixty saying it was one of the most emotional victories of her career. here definitely in a very emotional win for me because i knew this would give my right you are third point and will go into the final so it's over he was a tough match and. tough opponent to pull a 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. that i want this match and definitely one of the most emotional wins in my career. and even a bad victory secured that passage to the final russian didn't let up meeting with whitewash and sunday afternoon and probably think about just absaroka irani in the last sentence heart and russia went on to win it all straight. and meanwhile rafael

nadal is looking good for next month's french open after winning his seventh want to call a masters title in a row it be damaged arrow in straight sets and remains under play since two thousand and nine the doll has now won his last thirty seven watches in this tournament and was almost in control in the final i can fire twice to take the first set six balls. and then after sharing breaks in the second right eleventh game and then served for the match but afterwards well then want to miss it this time i said. that chinese grand prix winner lewis hamilton has described this weekend's race as one of the best he's been in and the current draw that red bull sebastian vettel to the checkered flag following a dramatic battle for the lead that's all started on polecats and also plans to make jenson button cross the challenge with a brilliant getaway off the line and wilson did lose his position in the first round of stops the quick made one more stop battle and made his fresh tires work he

past but not fully paymasters ferrari and say it is the last day before overtaking vettel has four laps to go button was to third place on the canal track that the spectacles marked with the support the full back eighteen cambridge has to take the trot is night in his renault one hundred sun is now just eighteen points behind vettel in the championship. and finally russia student basketball playoffs are underway across the country and moscow state academy of physical culture has become the latest qualifier for the all russia super final run kozyrev takes a look at the growing student league which is thought and the four years ago. those still in its infancy there still see aging at student basketball or a as b. has been called the spreading its roots throughout the biggest country on earth the latest season is the biggest yet with one hundred forty nine men's and aids and women's teams taking part. we have

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 whether it's a regional or a countrywide playoff or even a regular championship match these games are attracting fans this season is carefully tailored to ensure that both players and supporters can play for or cheer on their schools. i know i did because my friends play in the team and it's great to see my friends when and i hope they will win today too. possible but i like basketball a lot i used to go to the school it was here that i started playing this game. against buses full of students always follow their favorite teams so it's clear that basketball is attracting more fans and the fan base is constantly growing the sport events become popular among students and the greater number of young players

the more professional coaches and basketball players we have. more so for russia's student athletes lack the kind of attention their peers get elsewhere north america's and c.w.a. for instance alexander beloved the son of russia's and big basketball champion syria gave a lot has experienced both worlds he's now player coach at moscow's a lot has made the level of skill still different the united states much higher just like the level the n.b.a. is different from your earlier self but you know how it's be i think it's a great project that can you know have not have something not like it's a double a but kind of blow you know chemical the this o.c. asian a student basketball in caucuses over two hundred universities across russia from kaliningrad to lucky boston all the leagues a far cry from the american version the and see the play is the growing strong. in the last three seasons with at least twenty players make it it's the pros that's

not there that's the bounces zone the new t. shirt as russia prepares to host that joins you can see university games in cars and the student sports get the maximum of attention from the government's wrong cos read artsy moscow. and that's all scorsese i think. hungry for the feels like we've got it for. the biggest issues get a human voice face to face with the news makers.

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