come to find out what's really happening for the global economy for a no holds barred look at the global financial headlines. comes a report. hungry for the. we've got. the biggest issues get the human voice face to face with the news makers. back there with their teen years old at the top stories goldman sachs one of the biggest u.s. financial entities throws away more than a billion dollars of levy's investments that's as american moguls call khadafi fair game for cash scams. emergency crews step up to your firefighting efforts in russia's republic of it which has seen a spectacular but destructive artillery blow. than secure no longer a high tech russian firm says bypassed i phones much touted security and is now

offering to retrieve any information from anyone's phone for a sizeable see. if they have live here in our next hour interview show spotlight as relations war between russia and america host al going off and his guests discuss what this could mean in reality and not just in the world of politics. hello again we welcome seems like the into the show. i'll do you know they will speak about one of the most important issues in. u.s. russia. russia is a bit. now has a vital support for the that it can strengthen ties even war washington has agreed on a new these are issues starting this autumn russians will be able to get three year

visa but what else do people and businesses want from moscow and washington will be how the director of the institute for democracy and cooperation underneath me going on and the president and c.e.o. of the u.s. russia business council head around. despite some political spats between moscow and washington the two are getting closer. the u.s. has agreed to help play the welcome mat for russia at the w t o. the russian travelers and business i really believe dissipating the introduction of the extended. american visa i'll get you one but you know he's in times. hello ed hello engineered thank you very much wealthier for being with us on the show and first of all i want to truly comment on something that we hear through the

grapevine these days and that michael mcfaul and probably moving to moscow as the new american ambassador should we expect something from the from this and how problems it what would you say. well it's a rumor that this is really. but maybe we can speculate on the basis of the rumor. michael mcfaul is. someone who is known to be close to president obama he is a scholar not russia he's an expert field he's worked very closely with the members of the ministration spent some time also working with people on capitol hill so i think he summing that this is true and assuming that he is confirmed. then i think he would be a very good representative and in no way reflects negatively on the current bass remeasure barly who has the highest reputation here in russia i know and also in

the united states and we would hope i would hope that this is true that he would remain in some form or another involved with. with us russia relations in an official capacity or an unofficial one either way and. the crow is is one of the main architects of the need a bama policy it was russia when i met him. it was the day of my birthday we happened to be on the plane together with mark for a whole year you still greet you but i think. he wanted to sleep i said no no you have to share with me a glass of champagne at least. it will really unfortunate for an american. to meet and they relieve me and i want to play. a team but that morning a special letter from president obama to president needed. he at the time told me

that he was the alter over this phrase reset i hear he wrote that for biden at least. he was very active and he was very supportive to the poll with the first set . here actually here was i think the rector of carnegie. endowment here in moscow i'm going to is it true that the speculation that that they decided to to send a new investigator. generally. became a hero of that who we can leaks about and i think this is these things are done in a lifetime thing or something i don't think so by the way some order of morse in washington and new york that might be a marker for living there administration and returning back to stanford. but was also the rumor but now it is more realistic not believe that he really going to

be. very on guard for her and russia because otherwise might be he put. you know i don't know. but traditionally you can't keep your ten year ship in university for longer than for some years and not be there was an option either to go back to stanford or to get a promotion and take him the promotion and i would agree with you that that generally is a very good investor and really job and one of these latest statements is a matter of fact made russians very happy he said that probably we are very close to green are now three years these are for americans and for russians going to the united states do you think that that if we decide really it's a city to be able to grant three year visas for people that this is a real step to these are free regime well can we imagine that these are free with

the united states well to go back to work you said earlier now it was officially announced that the overall summit was bombing that with and if you had a visit there. that there will be some agreement on visas they're working on it give it time for when it would actually be adopted but yes visa free visa three year visas multiple entry for businessman interests and twelve months for officials which is a huge step forward. you know what's that's that's progress enough that makes it considerably easier for people to do business or for people to come visit russia or or in the other direction. i think it's probably too soon to talk about a visa free regime this is progress very substantial progress and i think. it . symbolizes the progress that we've made under the the the new relationship the

reset if you will eventually but on the other hand we're speaking about it it's. very easy easing the visa regime will be and last year was a record on rejection. i mean visas to russians i have information that only this spring seventy percent of russians students applications were rejected to the states how does this add up to to target the president talking about about free travel and the embassies that are rejecting and i really didn't turn to three applications so it's very strange because you know recently a. very interesting article concerning. the level of unemployment in the universe and practically no economies are the same level as prior to crisis but now fewer people are producing that amount as they produce

earlier and that's why it's a problem what to do with the people undergone some proposals was the proposal that not be americans wants is all these restrictions and limitations in order to bring the new tourists to create new industries and to make people busier our little boys and students experience the same kind of person getting getting visas to russia. well maybe i could answer that you know we have to have really big you know foreign ministers. and then we can have the students or to students that in prior years very large numbers of russians have gone to the u.s. students on temporary work visas and they work in seasonal resorts iras where there is a shortage or have been a shortage of of labor service personnel during certain seasons and the summer is one of them. so if this seventy percent reduction may be off of

a very high base for that particular category of visa i don't know i'm not familiar with it. they're very has never been the same kind of flow in the other direction and and in part because russia doesn't offer a temporary work regime for american students. and in part because it's very expensive to come to russia on a student budget. very i mean the flight crew or the combination of both both and the visa itself of course is so so so mostly continues to be a very expensive city for us the most the most expensive so i don't think you did it all but one still look no i don't think it's going to recommence it's number three according to ratings by a number three it used to be number one and it was that was for tourists way to london to london to go kill yeah yes well the funny thing is that the

russians primate when we first heard that the mosque was the most expensive city wasn't oh that's that's a great achievement you were the first in the space and with. the brits the bill is the most expensive cities hundred. is there well actually it's said that this three year visa is very good i mean he said something like enough is enough but i saw one of the. so your point of view do you think we can we can expect a visa free regime with the states in our lifetime because because i think i feel that that we are moving to these a free will show good zone we can respond to say with i think another gunshot crime not sorry and social inclusion is we're closer here because you know if we solve the problem with europeans might be it will pave the way for a visit for

a region where the united states might be a sometime. in the long run one where you superciliously because because of the tradition in our relations obviously because of the present state of relations. you know i don't know we have to wait for the outcome of the elections in both countries might. not might be there is a kind of. suspicious approach on behalf of the american public and what is the support of the right. answer it's based on the number of people who see visas to come to the united states and overstayed a visa it's it's not directed at russia there are other countries that also. have a higher rejection rate and it's because of the history of losing so many people through out of status it's very easy to come to the u.s. sorry easy to find work here and it's

a very open culture through to immigrants so that when someone shows up it's not it's it's relatively easy to become integrated and but not all we've got some twelve million illegal residents and so we see things are changing so i want to prevention here that's because this is the problem or for immigration there is the problem of unemployed must. have the hope those discussions what to do with the mexican border say underneath new guinea and direct to the institute for democracy and cooperation and the road to the presidency over all these u.s. warships this spotlight will be back shortly after a short break stay with them though. twenty years ago the largest country in the distance with

a sense of. what had been each month just each began a journey. where did it take them. in one thousand nine hundred two dr ralph brin strip university of pennsylvania said what if i can take the gene responsible for growth in human beings and put it into a mouse. on all the main risk issues most often. ninety five percent of all competent scientists in these fields are verkin for the produces side and only five percent. of the genuinely independent. there is not a lot of science that says train genic fish is unhealthy for people to consume which is what the food and drug administration looks at there is a lot of concern about the environmental impacts if

a trench genic fish escapes what kind of horrible impact will it have on the rest of the fish population don't know what this might do to us or our children or our children's children in our congress here in the united states or our legislatures rather will we vote all these different laws tax laws and corporate laws what can be more important than deciding on the permanent genetic future of life on earth. or. welcome back to the spotlight i'll get off in just a reminder that my guests in the studio today are and really can you can i know that rex you are of the institute for democracy in cooperation and the road the president. c.e.o. of the u.s. russia business council gentlemen that we've started talking about these and this

is a pretty nice issue in russian american relations talking about visa facilitation probably even moving to a visa free regime the president's respective countries that talked about it in france recently no i want to change the subject to talk about something very symbolic something very historic and russian american relations lou jepsen vatican really meant only journalists who interview people like yours general ask one of the jets nobody can dream and then the and the old oh no we will never be lifted i know the answer the answer is never i think so but i'll still ask the question maybe i'll use something else add. a year or be disappointed because it will be of after. christmas and when you know when the answer to one is never. optimistic we may see that. lifted within. the

data but but soon and maybe that's by the end of this year the administration has made it very clear this administration which is the third administration consecutively that is that has pledged to remove jackson vanocur make the efforts necessary to get congress to do that i think this year it will do so it has publicly said that it supports it and when vice president biden was here in moscow in march he said that he personally would be leading the administration's efforts in congress to get it lifted. and it's both because that law is no longer relevant it's an anachronism and i think out of respect for our own legal traditions we should remove was from the books that are no longer valid but also because it has a very will have or would have a very material impact on american business interests. when russia gets into the w t o if we haven't lifted it we can be told that we fully mean joining the media and

having the this well stricken start russia from having the most favored nation status with all the other members of the w t o but it would mean that we the united states would not be able to extend that to russia and consequently russia would have no obligation to expand m.f. and status to us if we chose not to do when you go thermonuclear studio angele we can talk about the jets american remains very think you were you one of the guys who said that that let's leave it to the americans because because it's in their interest first of all they're not in ours it's not as discriminated today it's the american business discriminated how you do you think this is the reason why they finally want to experience i think as a representative or american business community. in a way american russian business community here goes up with the correct of course stuff from joining the group to your american companies would like to work in

a russian market or understand the world as european or asian companies and their interests and so of course it's but i don't think i can say that this is only their interest or our interest if it's written. it wouldn't the interest of both countries i think the to repeal this amendment it know that you know there were hundreds of six i think because all presidents are suspending every year the they did. this certify compliance yes but then this is rather symbolic you know it can have a symbolic effect and it will show the old countries are moving in the right direction and. a word came from from doing real in other. you know the rumor we heard maybe not even rude it's a fact that the g eight once the tongs and the russian entry to the w g o

completed by the end of this year how good are the chances that it's going to happen will you think oh. well i'm an optimist by profession. so i'm going to say that i think is a very good chance that it will be done. by the end of the year the russians are saying that they think that they can complete their their package of their negotiations by july. they met on. tuesday and have just announced that there be another meeting of the working group on the july twenty third so be looking forward to that that should be the day when russia would be able to say well we've comply i'm not such an optimist that i think that will be the case i think it's going to it's going to go into the fall. is a question of russia doing some things that it has to do it has to harmonize its customs schedules with the other members of the customs union which it still hasn't

done and with the international customs code and there are many many lines of customs code that have yet to be fully harmonized it also has to clarify for the members of the working group what its own internal procedures are for addressing disagreements or understanding's or simply ambiguity is in the in the custom adjudication of customs cases that's the that's the russian side it's a result of having announced the customs union when negotiations had already gotten very far ahead so can it be done yes another issue though and it should be clear there are some outstanding. disagreements or outstanding areas involving intellectual property rights sanitary fetus sanitary standards encrypts him. trade related investment measures and other things and that it's clear everybody wants russia into the beauty oh and about president obama said it when he was sitting

next to president yet even though bill we want them in but it doesn't mean that we are not pushing hard to make sure that russia complies fully with the standards of the w.c.l. and it intends therefore still we just mentioned it a number of obstacles to to to to to finalizing the talks of bush's social couldn't we feel good many russian i'm sure that the main obstacle is judea is there are two hundred. georgia is an obstacle but. i think the western artists are a bit. it's important to the behavior of georgian government because they are putting not economic problems but political problems of the precondition for. agreeing and. russia's joining to double up to. try to include

a lot of. it might be we can join you one would have the consent of georgia because the charter of the going to appeal gives an opportunity if only one country is again you can ignore. what you think. this is my next question is the obstacle will be a move like this with people with washington trying to convince georgia to stop the rubbish through. i my understanding of the u.s. position is that. the session is by. by consensus and it is unanimous. well i still think that it's possible that we will see for you but you know that it is possible if only one countries again you can join love wouldn't you at least direct that. i know that. i think either of these are very

much so as to the interpretation of. the american dream and which governs that for seizure. you know it's it's up to russia and georgia to come to some understanding. of the swiss have appointed someone as a as a mediator and we hope that with that some sort of. arrangements can can be made. president obama said there will be he personally or it was said by his advisor that president obama was very much involved in these discussions so that we have an interest we see. we want russia in a very into you know and and we may have some influence with with with the georgian government but it would be a mistake i think to assume that you know we just click our fingers and they do what we ask i don't think that's true the russian prime minister said that russia is this said vantage today because because we are following the w t o rules but

we're not getting the advantages because we're not yet members and maybe a drink maybe we should stop following the rules until at that i mean resolved i think it was. it was imminent that was a. little earlier tonight that was the reason to worry here if you're a member once. let's join and look. three countries to give the customs union. before a federal member of this world a million words he said listen we are negotiating for seventeen years we have. sick and tired of war because nations that's why my bill we need to advance our cooperation with our neighbors and sold our own problems and lived alone ordered list might be there is

a necessity for other partners who are ripe to be more positive in a sense of russia. and who are going to feel we know well when i said are we waiting for four for the relations actions that can be said now does that mean that you gentlemen think that that that the upcoming elections both in russia and in the united states are not going to really influence influence the the relations between the countries very sure yes and no way involved here. the payment depending on the outcome here yes it will. i don't think. syria's only thing. be trimmed the trend is strong i think the last year or so the midterm elections are just made comments and i said independently of what we've gone when in the us there is no alternative to this receptacle with. i mean i think he's achieved

considerable progress on the research and we've signed the new start agreement that's that's of if it were only for the back then i'd say that this is been a great success other things like a the the the northern corridor for resupplying the nato efforts in afghanistan very significant very important will that change i don't think so but some other parts of the relationship probably could thank you thank you very much just a reminder that my guest on the show today we're going in ukraine young director of the institute for democracy in talk to ben hadley wrote the president and c.e.o. of the u.s. russia business council that's it for now spotlight moving back with more for us there in comments on what's going on in and outside russia and so then they are our team and take care. thank you.

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