again. no place for colonel gadhafi and libya's future of the russian envoys message as he meets loyalist officials in tripoli to broker a peace made a rebel and nato is sort of. a multi-billion dollar handshake for three of the world's biggest emerging powerhouses bringing russia and china closer together. coming to terms on the cost remains the final step in russia and china securing a multi-billion dollar energy deal. also the

lawyers for alleged international arms dealer victims prepare to challenge a new york court from the legality of his extradition to america. the sun is shining in russia's northern capital i'm outros a live at the st petersburg international economic forum we'll tell you all about the high level goings on here in our business report coming your way in about twenty minutes. international news and comment live from last two days here in central moscow this is you could have you with us russia's special envoy to libya has held talks with officials in tripoli it's part of an ongoing push by moscow to mediate a peace deal in the country meeting came amid fresh nato airstrikes and a rebel advance on colonel gadhafi stronghold where if

a notion is there for us let's get the latest now maria you are in tripoli i'm not going to spread to rebel leaders in benghazi is he managing to bring the two sides any closer to reconciliation with this visit there to libya. russia. residential voice tree to tree police part of russia's peace mediation mission in the protracted leaving conflict most his position has always been clear that only a non violent negotiation is the only way out of this crisis mosco has repeatedly harshly criticize they to fall launching a military operation here in libya and has never supported the un security council resolution which gave green lights to intervention and nick on the girl of the peace envoy was sent here to try to persuade both sides to start talking action that's very hard to achieve a very hard process but we have we have been able to speak to me come and go after . matt officials here in tripoli and he said that he feels rather optimistic

about peace process here is quite fragile it's a long way to go but definitely he's optimistic about that he's emphasized that give up his people he's mad the libyan prime minister and foreign minister and he said that duffus people are actually ready for negotiations but he's sad that they could not be any talks with benghazi before they turn stops told me leave this the most important and the only demand from gadhafi people and then it's western mentioned that actually recently nato has dramatically intensified its military activity in this country and started to use an attack helicopters and just maybe this is a strange coincidence but on gallup's first visit to libya as a peace mediator nature actually last week launched the crappiest ever air raids

since the beginning of its operation here in march and today tonight again just ahead of his visit his he's arriving we've been hearing massive strikes overnight so what does that mean about what what is this mass it no one can say for sure but . let's listen to what gallop has to say about that. tripoli is expecting to see an immediate ceasefire before a peace process can begin its all refusing to discuss the departure of colonel gadhafi from the political scene there is a dialogue going on between the warring sides but for those talks to begin to result tripoli says a cease fire must be put in place and huge international mediators need to keep regulating the process one thing is clear russia is very welcome as a mediator good in tripoli hundred thousand guys we will keep working together. to make america has also a strategy russia could not be and doesn't want actually to be the only peace

mediator in this process and has a stressed that the african union and all libya's neighbors could and should play a very important role based process back to you well as you were talking about a little earlier nato has carried out over something like four thousand airstrikes against gadhafi forces you're talking about the current attacks going on at the moment is it helping to bring about a solution. actually you have to understand that people here in libya feel very extremely exhausted when months of war which has taken many many lives and has almost completely destroyed the country's infrastructure librans all the relievers out tired and see call for a situation. just a short example to shop sure there's no fuel here especially in the western libya gasoline queues stretch for kilometers and kilometers and ordinarily vince have to

spend hours even days lining up just to fill up their cars so it's very tiring prices are very high unemployment is very high so people are tide are exhausted and of course with nato continuing to bomb libya they're scared so. all they want now is just to get their normal life back and actually frustration is very high among the rebels as well because they are very concerned as they. feel as if they may to saipan control over what they. think is a national prizing and there are serious please within nato itself as you know only eight out of the twenty eight members of the alliance taking part in the operation to protect civilians here in libya and despite harsh criticism from robert gates last week the u.s.

defense secretary there is little enthusiasm. among the law and says members to step in so we didn't say for sure that maters strikes. definitely not and cars and cars office people to start talking with ghazi or maybe even rather driving them driving them away from peace negotiations ok thank you very much indeed. for an ocean a live from the libyan capital tripoli and no doubt more from over the next few days. well coming up the russian businessman being lined up for jail just as the victim prepares to appear in a new york court his defense accuses politicians of twisting the jury's arms to keep him behind bars. but first two of the world's biggest emerging countries got a bit closer today as russia and china energized their relations hoping to do much

more business together because shooting a thirty year gas deal is another reason why the chinese leader is here in moscow well let's cross live to one of the who's outside from headquarters where the talks took place peter what is so big about this anticipated gas agreement. this is a potentially must if agreement which would see russia provide gas to china for thirty years now prime minister vladimir putin and representatives from gazprom welcomed president hu jintao and in television from the chinese state energy provider here to castro headquarters to try and i you know to what's essentially the final wrinkle in that deal now that final wrinkle is the price just how much russia will charge china for providing them with. many many tons of of natural gas over the thirty year period now russia saying that they want three hundred sixty dollars per thousand cubic meters now that's the market rates that's the rate

that russia charges europe for their gas china are saying they're looking for a discount they want they don't want to pay that much for this gas really seems that no matter what level of business you're doing whether you're trying to buy a used car or ironing out the finer points of the multi-billion dollar international gas agreement everybody every side always looking for the best deal that they can get there's no getting away from this by no stretch of imagination is this deal going to be dead in the water over price is just too important to both sides. the chinese president has prime minister has said that the natural gas is an important component of russia china relations now those sentiments of being reiterated from the russian side because this is a mutually beneficial deal russia wants to sell china the gas over the thirty year period because they're going to make a lot of money out of selling like gas china at once the gas because they need to fuel the essentially race car that is their economy and they need that gas in order to provide that race car with fuel so no agreement has been agreed as it stands at

the moment over say that final wrinkle in this in this multibillion dollar deal the talks will continue as they strive to get over this last hurdle in the agreement well this isn't all about energy understand the chinese leader russia's president this afternoon tell us what came out of the talks. as president hu met with president medvedev to to agree to some trade agreements they put pen to paper on some very lucrative deals trade between china and russia already at an all time high in valuation they've signed an agreement that means by twenty fifteen the deals done between two countries will be worth one hundred billion dollars now they also signed an agreement that says by twenty twenty well be worth two hundred billion dollars so in less than ten years' time a huge amount of commerce going to be carried out between russia and china now it

wasn't just all down to business in signing deals over trade there was also the wider world being discussed as the two presidents met know both president to and president medvedev reiterated previous statements they've made concerning the ongoing situation in libya saying that. everybody involved are not involved in a conflict in the north african country must adhere to the united nations resolutions that were passed and should not straight from the parameters of those resolutions they were addressing the. intervention it's going on their foreign military intervention saying that things like the targeting of civilians which was not civilian civilian services which was not in the the agreement the u.n. resolution that must stop and they called on those in charge of carrying out this intervention by foreign nations to make sure that this doesn't happen really reiterating words that they have said in the past. thanks very much indeed reporting live from moscow. to asia times correspondent pepe

escobar to discuss the chinese leaders visit to moscow is joining us on his webcam and joining us live from bangkok in thailand now as we've just been hearing from our reporter there big trade between russia and china and china has in fact replaced germany as russia's number one trade partner do you think that time. russia's economic future is now pointing more than west. and liberals reasons the un quite rightly gets the chair. big energy be truly across the region and we're going to do good relationships resume russia india and china are getting closer and closer and now it's our south africa's close . it looks really great again you reject it so we achieve those. goals the great buyer and russia and china have to meet right of this solution and

to supervise the show and i get rich an organization this summit has just ended you know and great to be an observer in soon maybe soon three four years of course it could because i don't remember. that russia and china want to be proud of this solution for us going to stand he cannot be in the hands of the pentagon to solve you ask a great man because we'll talk. let's talk about this gas deal between china and russia gazprom we understand now it is in its final stages now some news outlets have rushed to say it's failed after president had an announcement that they need more thinking time on this but these deals can be done and dusted overnight can they because this is a very big deal this is a pretty good and it's basically getting bryson set a world which is. the same in two thousand and seven it's i'm not mistaken still

holds it it's basically a question assign a price and the chinese as we all know the eccentric looks everybody is going to be happy and the chinese the leader it's just as the need gets from many standing. by night stands a western china case of russia they don't even have any bright lights just a matter of getting. a price for that sort of course or china's economy will soon overtake the u.s. to become the world's number one and just how vital are russians massive energy resources to that growth and of course it's how important is that relationship with china to russia. and so luke you're saying sure the germ cells. and national security russia and central asia are getting we need we are important well of the nuisance compared to the middle east and the persian gulf so the chinese strategically this means two things escape from iraq

a bit like a straits unskillful of their moves their own street in the middle east base which is the chain escape these two bottlenecks which are more or less fall through the u.s. navy let's put it this way say actually they can really i'm sure and say theresa and all russia for their energy and it succeeding it's a long term strategy biggest guess is in their five year plans and this strategy goes on until the end of the twenty first century so yes russia and china well they're going to know all about trade and energy there is that russia and china take a common stand on many international issues never of course one of the main issues right now do you think that the two countries could work closer together and certainly in trying to balance out nato is heavy handedness there in libya at the moment. this is a good question because this trip and ohio be really to the u.s. your russia sees d.s.t.o.

as a jew strategic party very important in terms of not only countering the greater but countering can influence the regime has or ensuring or still views the su as a truly did in economic cooperation mechanism we're very reticent creates a stack and a grow better than amazed to us immediately distance accepting pakistan at this summit and yesterday as a flow limiter of yes we'll be there russia and china is to have to discuss how we are going to accept pakistan you see except pakistan immediately better which is an excellent counterbalance. except you get pakistan and it's going to stand together so then yes you will be represented all believe in central asia in the region as a whole so it's. easy clean inside your seal and we can listen to absolutely no chatter of course some people are quick to link the c.e.o.

being perhaps not a rival but maybe. an opposite to nato in terms of a military alliance but it isn't interested enough talking about the military aspect china has been beefing up its military in recent years the defense budget rising every year why is it taking i mean what's it preparing for. no good citizen . yes well then it's not only related to centuries or it's really it's not the changes needed you won't see it had a very strong presents in the end actually be a really sweet if speed get chinese vessel. rather more to the arabian sea pakistan ok standing by which is that so and the strongest is this string of pearls . strategy which consists of puts you know pakistan and eventually sweet. but this is interesting. actually spent the world but

it's different it's good the chinese go it's already been going on right on. us. spare so we're considering a spare bed made you so well joel it's your job your strange luck maybe it's we'll leave it there thanks very much indeed for your time pesca asia times correspondent joining us live on his webcam from thailand thank you big. well we're staying in thailand now because the case of a russian man the u.s. accuses of being an international arms dealer will be heard in a huge new york court on thursday well victor boots been awaiting trial since his arrest over three years ago in thailand as are things more important are reports his detention raises many questions over the legality of the case. he is the russian citizen america fought relentlessly to adopt it target was secretly and

swiftly extradited to the u.s. seven months ago and this may be where he stays indefinitely if found guilty on arms smuggling in terrorism related charges before years convicted he's looking at life there's no parole there's no early release on the federal system. really the only way in the federal system to get a reduction in your sentence. a significant reduction is if you cooperate with the united states government some have argued. needs to be on captain america's team however captain america is being accused of playing dirty and illegally to remove the air cargo business man from thailand according to documents released by wiki leaks all levels of washington top to bottom mounted political pressure against bangkok to gain custody of boot in the us cable dated august thirteenth two thousand and nine u.s. president barack obama was urged to call thailand's prime minister directly about

boot the u.s. attorney general and state department were encouraged to call the thai ambassador highlighting the massive drug enforcement administration commitment to thailand and the us ambassador in bangkok urged that high government to issue a public statement of disappointment at the judge's ruling not to extradite boot so america is the world's most powerful nation but it's a lot more powerful than the world unfortunately the way things stand right now they're willing to flaunt every international law to get what they want and that means doing all these illegal things in the case of the extradite him or i should say kidnapping who was arrested in bangkok in march two thousand and eight during a u.s. sting operation he was charged with conspiring to sell weapons to colombian fark rebels on two occasions the type court rejected america's extradition request when an entourage of armed u.s. agents removed him from thailand following a decision of the thai government his extradition was still not legally approved

the covert operation was kept secret from russia boots family and his attorney. when the transfer of victor boot to america was a violation of a very important thai american treaty signed in ninety ninety eight which the political offenders cannot be extradited the case was not finalized and was moved to the us america used various means political. another's outside the boundaries of jus legal process to get victor brooch that means that your boot is not getting a fair deal to this day high officials have not provided official documents explaining the legal grounds behind the extradition this despite repeated inquiries made by the russian foreign ministry that. we know for sure that's on the sixteenth two thousand turn and the moment it to be true is physically taken out of the time prison his case would be considered by the time i call to the appeals that is why there are no legal grounds for him to face a u.s.

court. meantime victor bouguereau means in the u.s. prison held in solitary confinement his wife doubts her husband will receive a fair trial from the country she says violated international and bilateral laws to get water and it's clear to everyone that the case has long been moved from the sphere of lard to politics i think or rather i would love to think that the american court is unbiased but i have strong doubts about it because i think such pressure could be put on anyone including the jury. the country accusing victor who are dealing now finds itself a political mistake on october an american jury decides picture of the future wanted a political pressure at your side by the u.s. army having to make the arena fortnight carthy. some of the world's other big

stories right now for you know world al-qaeda has appointed a new leader. we're hearing here was bin laden's deputy now leads the terrorist organization a statement from the group said it would continue its fight against the us israel is over here is thought to have been the operational mastermind of the nine eleven attacks last week that in love would terrify the united states from beyond the grave. a strong glass destroyed nigeria's police headquarters in the country's capital has left at least two people dead witnesses report seeing bodies at the scene and cars on fire sending a thick pillar of smoke into the sky police say the explosion was caused by a suicide bomber attacked follows two blasts in a police station and a church in north east nigeria a week ago which killed eleven people. a hacker organization claims it temporarily knocked the cia's public website off line the group known as security also over the phone line for people to suggest it should happen next it's previously targeted major firms which it says work against

people's interests and is down to public sites ranging from the us senate to sony pictures it grinds the web pages to a halt by bombarding them with requests to their service. the greek prime minister is set to unveil a new cabinet and seek a vote of confidence in parliament or the government is expected to be sworn in on friday george papandreou has been pushing for more cuts to secure billions of euros in a second round of its part to agree demonstrations in athens on wednesday people for the bombs under police perspiring with to get. and by the way we have updates on what's happening in greece on our web site for you and we're right in the thick of it there it's called com you can watch old video reports from the most recent angry protests as the r.t.e. news crew feel the force of police tear gas in central athens. also on a big step for womankind we mark the day nearly fifty years ago russian cosmonauts valentino becoming the first woman in space. and also on the

website of the june turns maroon much of the world witnessed a spy spectacular overnight with the longest and darkest i mean or eclipse in a decade but the pictures for you and all to dot com. well next it's the business news with the rap rap part i should say of the day but this form stay with us for that. and i welcome to our business report this hour all eyes are on russia's northern capital as the annual international economic forum got underway this year

presidential aide arkady dvorkovich says the st petersburg forum is more important than ever for russia as a brings to look at the begins to look east as well as west for investment ideas not present that brings you the latest. for the overall themes that people are talking about here are going to be or are russia's a session to the world trade organization and the establishment of a ten billion dollars state backed private equity fund aimed at bringing business and investment to russia however there are a slew of some important deals that are already been signed here that we should tell you about right now dow chemical and the scope of both fun putting pen to paper in order to establish a research and development center in russia also russ nano the russian nanotechnology firm also signed with several asian partners in order to establish a nano tech fund that is going to be worth more than one hundred million dollars also the head of the international energy agency spoke earlier today here at the

conference he said that in his opinion in two thousand and twelve the average oil price per barrel will be between one hundred and one hundred ten dollars also hearing from a lot of important players and guests in the business community here in russia among them the head of cisco's emerging markets who talked about the challenges of the russian population centers places where people live in a far flung out there and technologies role in bringing them all together russia has the largest land mass in the world does the largest country by the size. the population clusters are centered and so far removed from each other from the eastern united states to the western united sees a five hour flight from eastern russia to a listener in the side of russia's eat eleven hour flight so how do you use technology heat to connect. these of a mere remote to the people the remote locations to create a crowdsourcing environment where you can drive innovation is the challenge for the

country for education for healthcare for government services all forms of services that needs to be delivered to the citizens and arts he will be with you every step of the way for the three day conference here in saying. petersburg lots more important deals to be signed lots more important guests to come stay with us for all of it your on our show. and let's look at the markets now we cross over to the u.s. where better than expected reports on home building and job market are putting stock indexes on track for their first weekly gains in i'm not going to have home depot rose two point three percent calling the housing reports the most of the thirty stocks that make up the dow jones industrial average european stock markets fell thursday with some banks bearing the brunt time so for a possible default the week that we saw the euro declines as growth worries also hung over the markets the footsie ended point seven percent lower weight by oil majors the dax was down just a notch b.p. fell one and a half percent and world up shell and

a half percent as well among miners rio tinto side one point six percent and american slipped two point six percent and here in moscow both theology has in the eyes it's close in the red following trends from europe and asia most energy majors and banking stocks were among the main losers that's all the time we have in this edition of the business report but i'll be back with more interest among our experts thanks to watch.