international news live from the russian capital this is alex he could have you with this is our top stories now polls put in nicholas of causey's popularity rating at historic lows with critics saying the president is taking france down the path of imperialism with military interventions in libya and the ivory coast this comes just ahead of next year's election. a major terrorist leader was killed in southern russia after a routine i didn't check turns into a major fire fight police say he was involved in deadly bombings in most. of politics in finland is threatening to ruin the hopes of

a bailout for the financially stricken e.u. countries. made major gains at the latest parliamentary elections and have threatened to veto rescue packages for nations like portugal. up next for oil prices cause instability in the world's markets russia's fine it's going to tells r t how that impact will be felt that's an especially if you're next . high prices isn't such a good thing for the russian economy or there's a bounce right through it to get an answer to that question and more we're sitting down with russia's finance minister and stick with it thank you very much for your time i think anybody as those uprisings spread throughout the middle east and north africa or parts of advance nineteen percent since the beginning of the year what are big things and the losses pluses and minuses of such a spike in prices for russia the world's number one well exporter and 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 oil 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 bench my prices 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 there a problem of how that super profit is being managed and invested in russia. the thing is that whenever the playschool 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 poor 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 inflow of potential dollars can have a negative impact on the russian government that's part of these profits aside as a reserve in order to avert there's a negative impact let's talk about currencies how the pendant. is the russian currency the rule on oil prices and house they will is it worth now or what to expect in the future. so. right now 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 ruble leads to increased import volumes which causes funs recipes for the importance of the money in a way returns we belong to the us high oil prices at the end of the day you get

bound state by the increased imports which ultimately leads to the ruble stabilisation we do not expect any significant change 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 bellman is 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 loan them on our markets under 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 i'm sure it will the euro significance and the global economy will continue to grow. which is the u.s. is facing the debt crisis now europe facing a bet crisis where does russia 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 that 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 there 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 the pendency our natural resources is to modernize it's a carnival that birth how's that possible. because. 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 we didn't cut down on them during the crisis instead we increased their number so all of our kind of 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 on the metal industry to engineering the space an aircraft industry as well as biological and none of the

technology practically in all spheres this process is underway today do you want me to name the industries that would be modernizing most efficiently among them or the engineering in chemical industries cilia laws and paper industry the process is now also active in the processing industry first of all the home electronics production a lot of new factories have been built recently the process a split will pharmaceutical and automotive industry as a lot of foreign companies are made their way into the russian market and started introducing a new state of the art equipment and his contribution to the modernization process in these industries even google after virus is included in the modernization project so what musician gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not lord how much more accession trade organization contribute to that goal of modernization. because.

it will definitely how to modernize russian industry because the country ability in free access to new technology 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 daily access for russian products to the world markets is rather limited in. 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 for this will be me on investments in a western market oriented production see for the c.i.s. and europe or 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 it was administration is all for it but there is there a congress that has to lift the jackson and then a commitment and i think by the way by their ability to stall things are the most when when bills 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 invent a commitment. to the jaxon van a commitment does not pose any real obstacles to russia's accession to the w t or 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 free to relations with other countries will be defined by the w t or regulations that's a see american companies are in greater need of waving their management than we are once again russia's their beauty or injury can be insured with them in mn still in force but if obama's support of this step is no parliamentary barking in his country politically it will be a certain sign for us and will draw our own conclusions. it's interesting

everybody here in washington says they would like to see a more open more transparent in terms of doing business but right now there but she's willing to accept that set of rules set by w.t.r. which will make it more open and transparent there are still forces appalling it that you see any common sense behind it. that the technical problems we have faced in the way towards the derby cio 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 going to 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 family and then it was linked to tackling one such as you i think the situation has grown absurd for example one of the soviet human rights advocates and served terms in various prisons of russia of the time when the

amendment in question was introduced and it was designed to ground searching for the right of free immigration from the soviet union told me that 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 gone over to. let's go back to some other things the russian government is doing to make the economy more efficient like selling large stake so state assets to private owners or removing high ranking government officials from state companies management boards is that a way of we do sing government influence on business and how does it work. with. of course that is what these measures are aimed at reduction of 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 a gills with the largest shareholdings of all producers and banks and also ship building companies and others their withdrawal of state of fish. well strong boards

of directors substantially reduces the influence of top officials but nevertheless they 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 know you wouldn't you know we had approached a very important position in our roster for years we had 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 or feel that has said at least i consider them filled because of the. finance minister for more than a decade now what do you think is your biggest success any decisions that you regret so. i think there can be credited with setting up a consistent well balanced budget thing system this country had rather

a high level of economic growth in the pre-crisis period which are expected to go out to hit the pre-crisis market five to six percent in 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 has 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 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.

listen she was going to chill yeah this creature for the longest secret of job asks steele it's been discovered. now archie goes east of lake baikal where the longest russian railway line runs. for the sunday desert lies of siberia mansions that's where people follow the same routes as hundreds of years ago. welcome to the transplant. russia close off from parts to. 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 in afghanistan or baghdad. then one night in desperation become a brace of. good bye as it comes. to the. forms.

crowd gathers momentum. down the streets of the. top stories this hour naughty polls push me to lots of causes popularity rating at historic lows but critics say no president is taking france down the path of imperialism with military interventions in libya and ivory coast this comes just ahead of next year's election comes. a major terrorist leader was killed in southern russia after a routine i didn't check turns into a major firefight and police say he was involved in the deadly bombings in moscow. and politics in finland is threatening to ruin the hopes of the bailout for other financially stricken. e.u. countries nationalists made major gains at the latest parliamentary elections and threaten to veto rescue packages from nations like. that with more news for in

about fifteen years now in the meantime kate is with the sport and after a bad day good news for spartak moscow fans there a new coach in the next two days more and more developments with kate coming up next. hello welcome to the sports news and here are the top stories standing down by larry coppin resigns as head coach of rock bottom spotlight moscow as a new man will be announced within two days' time. while bouncing back nice united aims to get the f.a. cup exit by nine points for the top of the league the big dream is possible. and the young pretenders we look at the next generation of russia's balls people star struck it in the heights in the old russia junior files. as we start with the big news in russian football that larry coping has resigned as head coach of rock bottom spot side after almost three years at the moscow club that will come to stay

on as general manager forty two year old will prepare the team for wednesday's russian cup quarter finals and the cousin of the thought about not needed to do as the commute coach would be announced within ten days cobbling took the reins in april two thousand and nine and left the club the second in the league in for the following year but this season spots that have taken just all points from five matches in last ten three are out of it because they are in the rightly rules of finals. one of the last will take the top it off there is then second bottom side to want to sunday on sunday he blamed his players for a lack of concentration and spotlights threw away the six leads eighty three didn't you come out of. eleven after half an hour. and then fell under not an equaliser on top defense in disarray and it's fifty minutes to go they were asleep again but i'm g.'s winner and while rising highest and chico six muster side of one just one of their five hundred ninety say far in this eighteen month

long transitional season. however these are the times it's a scout who went top after winning to develop time to tend to be in mark gonzales those tough deflected shot. you don't keep a seven digit off site ahead and then say if you do via is in the right place to make it so you know shortly after the break. and six minutes ago rubin's day went from bad to worse after defendant salvatore the k.t. picked up two quick yellow cards to see read a man from his own city seventh. and there are signs in it has temporarily gone south after going through one and starting up alexa enough making the most of some suspect defending it but this is a head after twenty minutes and it didn't take the moon to double by late this prudence in fact danny crowding his mazy run the find to be true that. wrapped up victory with ten minutes to go and examine the crowd of strolled around

and cause the fence to make it through email. me anything i did to grab a stoppage time consolation for the home side not trying to sweat is meant rolled out to voters in time since their votes and. colleagues voted missed the chance to regain top spot after they lost by late morning looking mighty fine to me as doing a spring with eight minutes remaining both put off going by the deflection. with this second wood as the season then switched off by their off the. wall on monday struggling tone one to one spot and now kick to send spartak moscow to the bottom of the table but this is who were lost and had yet to score the season to the surprise late after three minutes of a goal shot to india. and. made it to no after just ten minutes dream undertone magic snatched one back with three minutes to go through the young again but too little too late to one defeat sort of concisely one place to twelve all

told fox but it's not on the off the fence. so after last a quick look at the tables east ayscough there at the top still on the phone with a game in hand overs in this well let alone points that was. some of the worst goal difference and then there are three teams just a point further back. unbeaten and a lot of the other end spots ak now top of the table and points along with tom i'm caught the stuff. either in england branch to united could bounce back from their f.a. cup semifinal defeat to rival snatch the city by going nine points clear at the top of the premier league table if they want newcastle on choose they subsidize defeat and if united's hopes of emulating the treble of nine hundred ninety nine that's right i took solace from second place asked i was always a little cool on sunday with six games to go in the season they also welcome back wayne rooney and joining her school as his bones are tense place newcastle at last won their last from the last time and are six points about the relegation zone

manager alan pardew believes his side me just one more win to remain in the top flight admits it will be tossed trying to effect a first time victory over the red devils for almost a decade. they don't lose two games. mike said a little bit harder but the motivation is always a sign they're expected so we're. going to join just to win and they're going to find it tough going through we are better prepared than we were for real as we go couple as coming back on a fifty thousand dollars. to. be a great guy sure. meanwhile intense rushes through to the third cup final for the first time in three years after a whitewash in defending champions italy here in moscow the big three sets up a final against the czech republic like in the russian capital in november after winning both opening singles russian it is just normal when a sunday in arizona or a bear led them to victory with a straight seven into

a group of seven cheat while the other three had a few problems taking the first set six four second six two saying it was one of the most emotional victories of her career. you know definitely in was a very emotional in for me because i knew this would give my great humor third point and will go into the finals whoever he was a tough match in europe is a tough opponent will intrigue your opponent and i knew that when i was going into the match i think i did well because i played well the key points. i want this match and definitely one of the most emotional wins in my career. and even though that victory secured their passage to the final russia didn't let up beating the white washing sunday afternoon anasazi about to change it up just as sorry to ronnie in the last singles match and russia went on to win the doubles. and elsewhere rough on the dollar is looking good for next month's french open after winning his seventh once a color masters title in a row you meet david ferrer in straight sets and remains unbeaten on flay since two

thousand to my result has now won his last thirty seven matches in this tournament and was always in control in the final making a very twice to take the set six four. and then after sharing breaks in the second both in the eleventh game and then served out for the match that's afterwards the world number one of needed being pushed forward i swear. our chinese grand prix winner lewis hamilton has described this weekend's race as one of the best he's been in the mclaren driver picked red bull sebastian vettel to the checkered flag following a dramatic battle for the lead buckle started on pole but it's interesting that jenson button cost the german when get away off the line into deduces position in the first round stops britain made one more stop vettel make fresh tires work he passed but new delhi paymasters ferrari anticipated rosberg for overtaking vettel

or laps to go button was picked to third place on the flats right lap as red bull's mark webber soon rattled eighteenth in the great interest the training pitch of his night is read out and come out and just eighteen points behind the third in the championship. and finally russia student basketball playoffs are underway across the country and moscow's state academy of physical culture has become the latest qualifier for the all russian super final for one kozyrev takes a look at the growing student league which was formed and the four years ago for. those still in its infancy be associated student basket. bowl or a as he has been confidently spreading its roots throughout the biggest country on earth the latest season is the biggest yet with one hundred forty nine men's and eighty women's teams 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 whether it's a regional or a countrywide playoff or even a regular championship match these games are attracting fans the season is carefully tailored to ensure that both players and supporters can play for or cheer on their school. i kid because my friends play in the team and it's great to see my friends we know and i hope they will win today too that people that buy a wind basketball or last i used to go to the school it was here that i started playing this game i'm going to get the buses full of students always followed if they were teens so it's clear that basketball is attracting more fans this fanbase is constantly growing it's good events become popular among students and the greater the number of young players and more professional coaches and basketball players we have even more so for russia student athletes lack a kind of attention their peers get elsewhere north america is and see double a for

instance alexander beloved the son of russia's olympic basketball champion sergei below as experienced both world is now a player coach at moscow's a lot has made the level of skill the feel was different you know is a much higher just like the level that 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 like it's a double a but to blow. them off the bat. so c.h. an a student basketball encompasses over two hundred universities across russia from the leading red suv lucky boss though the league is a far cry from its american version of the mc doubly it's big growing stronger in the last three seasons with at least twenty players make it it's of the pros that's the number that's the foundation goal of the new future as washington person holds

the twenty third seed university games in cars and the student sports gets the maximum public attention from the government room on cost artsy moscow. and that's what scorsese i think.

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