well this duty brings down at a speed of more than two hundred kilometers. stephin the time along. the russian president pledges a drastic measures in a bid to create a better investment climate in the country. the centralizing power and stifling corruption goals voiced by for me to be made safe here at the international economic forum in st petersburg during me and he's now wait for more details in just a moment. no consent and no cash u.s. congressmen say they'll cut funding for the libya campaign unless the president gets the proper constitutional go ahead with the ongoing war obama's and ninety days of action without consent runs out this weekend.

and the palestinians are out of pocket after israel holds back millions in tax dollars leaving tens of thousands of people without their wages. worldwide news alive for moscow's city center this is all it seemed welcome to the program told russia must modernize its economy in the next few years regardless of who's in charge because i did have to be in outlining the countries of correction at the st petersburg form of a top business leaders he also ones that the government's larger role in the economy along with corruption threatens development and must be tackled to use an isa now he is of the us and he does vote for him for us right now and i need some big and optimistic statements from the russian president there will it all sounds good the woman. imagine there would be some rather big hurdles to. write it sounds

great especially at a venue like this when the president himself mentioned that the horton tough task now is to take action on these plans for modernization and stated very clearly that russia is facing a lot of challenges when it comes to moving forward his plans for vast modernization across the country especially in terms of the economy and projects like scope which of course is a plan to develop a still a commonality like center just outside moscow where some of the country's greatest minds will come together and help push forward this plan throughout the future decades modernization was something that came out i thought his entire keynote speech it was very connected to other problems that the country is facing. legal to pursue your choice is not only a major very knew all about major developments in the economy but because to choose this we need to hesitate to say story about many bad habits we can focus only on

the stimulus step development question that would be a mistake to me which we should focus on the following treatment of the investment climate in russia to create new jobs in the regions a creation of police and other security forces of improvement of the effectiveness of the jurisdiction system and finally the modernization of government the blowing approaches and the centralizing power. of course that those bad habits that the president mentioned have a lot to do with corruption it's no secret that this is one of russia's main challenges when it comes to moving forward with modernization this was the president's message to russia nothing else that just kept. the noose around the neck of those who practice corruption should be taught and on the whole of russia agrees with this without exception corruption is very difficult to do with the government should be purged of corruption in a more decisive way for that purpose we should enhance the way. suspected of

corruption dismissed from public service. but joining me to speak more about the forum in ten roll and of course some of the points that the president brought up is time for these is president of science council for local and distant thanks for being with us here in our d.c. i'd like to begin with modernization this is a big thing for president misstated but do you think it's hampering the country from moving forward with this time actually i think that russia is russia's plans for cooperation with the united states and nuclear power is exactly quite forward pushing her to most other countries surrogates ferry across the director general are also recently. ally in russia's plans for the development of their small where power systems in the united states. with a partner in partnership with united states and other countries that actually is in front of where the united states is right now and hopefully true for operative

arrangements with our scientists the scientists from russia. will be able to. demonstrate that french nuclear power systems are far safer far more efficient than the ones that are in use today. quicker than we could if we built them in the united states so i'm very encouraged a lot of experts and innovators are here from silicon valley and of course russia has money at stake and developing already itself a project obviously silicon valley is going to be an example for them but how when it comes to sitting down and talking can. see else like ira smith health spoke about get started and really become the type of venue that they want to be. well i live only brought an hour away from silicon valley show this is so this is dear to me. i think could be the relationship between. u.s.

and russia are now what is it is getting more and more right for them and many of our. large companies in silicon valley would. embrace the opportunity to share their knowledge and resources so with russia. i think if we can manage to. maintain the pace of cooperation and a general feeling of goodwill between the united states and russia which frankly has been the actual or is it so and so president obama took office. will be able to see the plans for a silicon valley of russia probably. work out very well i'm a scientist what advice would you give to president means they did in terms of pushing forward his plans for my space. well. i have a kind of a special interest. into real fast reactor technology. and so

my suggestion would be true. to move that forward as quickly as possible i think this is going to happen but just to give you a vision of what could happen within five years we could probably see the most advanced nuclear reactor system that's been ever developed built in russia with the cooperation of the united states with the participation of engineers from india china japan south korea which mr korea could talk to both. at the end of that period russia would have demonstrated a system of energy that is so efficient the soul saved that it could provide. unlimited virtually unlimited energy for the entire planet with fuel that we already have out of the ground. it would be. probably the most revolutionary and.

system. the average of all i'd ever do i'm interested in it could be and hopefully will be demonstrated here in russia. thanks very much for your time and being with us say here in our city as we continue our coverage of the international air at the moment here in st petersburg moscow back to writing our teams in the tsunami thanks very much. china may be the world's emerging power but its leader still sees the global recovery as slow and fragile and more form is needed it's been speaking of the economic forum and some petersburg a day after failing to agree on a major energy deal with russia let's assess what he's had to say with dr who and assistant professor of economy at city university in hong kong good to see you so china's economy is racing ahead but your leader is still worried about sluggish recovery how can emerging countries like yours and russia ok a part in helping you think. well i think there. was

thailand in russia relatively doing well and after the crisis and economists will have got off to operate the toddler economy is highly complimentary other ways to china had a big market. weight and then the demand and also tended to go in fast and the. big big unless guys very rich and he and minerals. had a big market and consumer so i think. fundamentally speaking both countries can be complementary and they can play a positive role in a global recovery as you're saying it's a complimentary route relationship russia has the resources china has the need for the hope for gas deal no no deal was signed as a. yes and the price as we know is the big problem how can

a runner in russia reach a compromise because obviously you know each one's going to want to have the better side of the deal. well i have no taste for i guess that was a big deal and a lot of money involved so you can imagine that the negotiation will be tough there will be a lot of terms that need to be determined negotiated it takes time and i'm basically optimistic about signing a deal with me because the fundamental factors are there i just said this to economists highly complimentary to each other so it was even. it will be a win win situation i guess it's just a matter of time before a final deal is signed so. i'm not large worry too much about whether. it will be signed it's just a matter of time for you so you decided to move to go on this guy still be going as you were saying you know it stands to be

a very very big money investment here to deal with like russia to diversify its exports away from europe but if you think i was going for russia. russia used to depend on the european market for its. sort of buyer thought this oil and gas but we all know that the european markets don't look very bright at least for now so russia need to diversify and i mean russia need to be more diversified in terms of. getting its gas and oil and other other energy and their resources. more diversified even in terms of market so if you move more or russia can have a more balanced model between europe and east asia which is the most regulated develop the reading that you know whole world economy so i think this could be. good for russia. in the long run. turning our engineer would be good for them so it

is going to be what. it will be good to china today i mean. i lost all of that was about growth by its supply of energy sources. it used to depend heavily on the middle east so we all know that disturbance there so so tiny a hunger for new energy source and suddenly this way the rich and they can buy a large. amount of gas from russia they have to get a stable and long term reliable and india resources so that is certainly beneficial if it's high as you're saying and these initially huge mutually beneficial for china and russia but also benefit regev regional massively regional implications here as well if china can start relying on russia for energy and instead of as you know the troubled middle east area but if i may if i may just change gears for a moment here russia and china are united against nato's military campaign in libya

do you think you think they are able to counter balance western supremacies on international problems like this. yeah of course i mean it's obvious that russia and china have a lot of common grounds and number of international issues. i guess. and then you have front. and russia think it should be peaceful and political revenue with a rather then military action. all right it talks about its oppressive department of the department of economics and finance of the city university of hong kong many thanks indeed. well u.s. congress members are threatening to cut funding for america's military campaign in libya which is racking up a bill of least ten million dollars a day but the white house is refusing to ask for congressional approval of military action which is required by law the president is allowed ninety days before asking

permission and that runs out this weekend artie's going into account explains. yours lawmakers are saying that president obama has to either stop waging war in libya or ask for congressional approval the lawmakers claim that the military action will violate the nine hundred seventy three war powers resolution if it does not and by friday and they mean this friday ninety days after the intervention began under the u.s. constitution to wage a long term war the president needs to get authorization from congress and the obama administration will certainly find a way to get around the requirement by referring to his right as commander in chief as well as certain legal speak you know up to this day the administration has refused to say when it comes to their actions in leadership they call it kinetic military action should it was written as a result of that kinetic military actions of unions are gone their free day a group of international observers is now in tripoli including a former u.s.

congresswoman cynthia mckinney we spoke with her a few days ago she said they've heard and they counted eighty nine blast in just one day those are civilian neighborhoods eighty nine bombs dropped in just one day there is a lot of concern that the voices of those who are caught up in that war in tripoli go unnoticed in the national community but here in the west it seems the voices of the majority of americans those who oppose the u.s. military involvement in libya also go unnoticed by the white house the administration continues to stress the good cause that they pursuing the year but some analysts say the administration also seems to be in denial when it comes to the will of their own people regarding the issue as well as constitutional procedures legal experts say there is not much congressman who can force the president will comply at least with the u.s. constitution because there are ways to get around ways he or parliament ministrations seems to be using extensively most congressmen now criticize president obama for as they say ignoring congress the capitol hill observer say

small speaking with its own creations that the lawmakers are playing the score points by snubbing. presidents come the day to actually know what the majority of them will vote for more military spending as they always do but there is a small bipartisan group of congressmen ten people who went further than. they sued president obama on the grounds that he's violating the constitution but everybody here knows that the lawsuit is certain to be dismissed on procedural grounds because the u.s. supreme court has determined that members of congress do not have standing to file such suits and this is where it hits a dead end that it makes me wonder whether or not the west lawmakers actually have the capacity to effectively represent the people. going to reporting right there where you are with are coming up for you shortly it's a woman's world or the thoughts of all we join our russian filmmaker during her eleven month research expedition in antarctica to hear why she was drawn to work in

the icy isolation. so i let's get some other stories from around the world this hour syrian security forces have expanded their assault and point tanks into northern towns the violent crackdown on anti-government protesters has already forced over nine thousand to seek refuge in turkey the syrian army's actions against its own people have been denounced by to its leader human rights groups say more than fourteen hundred have been killed since march. a top saudi official says the yemeni president. will not return when i was unclear where he will stay there was no detail as to whether the decision was taken by sunday himself and said government demonstrations have been taking place in yemen for over three months to force him to quit he flew to saudi arabia for treatment after being wounded in a rocket attack. greece has appointed a new finance minister in a major government reshuffle to try and stave off

a catastrophic collapse of the economy leaders are trying to force me on top of the cuts which sparked by. street protests this week recently used to secure billions of euros in a second. they are france and germany are desperately trying to secure private funds to help out as the major economies struggle to keep afloat. but israel has been holding back millions of dollars of palestinians money leaving thousands of people without any wages tax revenue that's supposed to be passed back to the palestinian people but since hamas and fatah political parties reconcile payments have stopped it. has been meeting some of those who are suffering at the shop at. the palestinian ministry of finance his job is to check everything that comes into this building that he has no control over what goes out and he scribbled his salary which is paid by the ministry and sometimes comes long overdue my salary comes later it's like my life starts i

simply cannot do anything i have a wife and four children to feed and when i don't get paid on time it makes lots of problems for me and my family. i want to leave the ministry gets its money from the israeli government it comes in the form of customs and tax treaties or television collecting on goods arriving at israeli ports and destined for palestinians the arrangement since one thousand nine hundred three is part of the oslo accord even tell of its control of the international borders between israel and the palestinian territories but the money transferred each month to the palestinian ministry of finance which uses it to pay wages except now we're talking about some of. it is going to be some infantry. asking the money to be free the situation itself. palestinians fear their tell of of could again choose to withhold tax money like it did last month israelis argued every way to do so if they suspect the money could be used for buying weapons salaries good hard must carries paid for the same

bangkok. so idled world to find these terrorist only in order to kill me the palestinians insist the monies for ordinary workers is. sore because on one hand it's a punishment but on the other hand it's a punishment it's a collective punishment that would mainly weakened the moderate elements within the palestinian society and played to the hand of the extremists the relationship between hamas and fatah is a turbulent one both groups are trying hard to work together ahead of september planned a ration of statehood no doubt israel will be working even harder to thwart should it feel its interests are threatened police here are t. minor. god twenty minutes past the hour here in moscow to work in some of the world's harshest conditions you need to man up and muck in or in the case of one antarctic worker bringing an essential woman's touch to the tough life artist sean

thomas has been there done that. as a filmmaker olga stefano vote likes the penguins and seals but for her and article is about something much greater still that. even though it seems like this is a naked land naked stones and equips nothing special snow like anna snow but what happens inside of you when you are here for the whole year and are removed from all other external factors is a very valuable experience. staying through an antarctic winter is serious business and so every member of a winter team has a specific purpose and they rely on each other to make it through boulder is one of only a few women to have ever been allowed to be a part of this experience. and that up on our team was a big bonus for us as the first time such an intelligent young woman of such high professional objectives has been on the winter team stephanie made our existence

very close here of course there were some difficulties and attractive girls with fifteen. so it wasn't difficult even between them both his experience in winter in a building house and gave her a true rare opportunity to experience and document life here in antarctica now she's working through expand on her project and find an audience for her work but you just. get right now and putting the finishing touches to the second part of the film the first one has already finished its cold weather in the winter the second part will probably be called this season and it will feature all the antarctic summer. to debut her documentary oprah invited some special guests the same antarctic winter team who are the subject of her film the fact that makes her slightly nervous you know she was very. i love and respect them they're close and dear to me and they have such huge background knowledge they know people in the film they know their winter season firsthand they have been through this themselves

i get will you put off because for the thoughts of those. who have seen a film of katrina that they're both still makes a big impression on you there may be some shows that expose unprofessional actions by a couple of members of our team but it showed that the way it was showed the way she saw it and of course spectacular. a unique look into a world that is inaccessible to most in antarctica sean thomas archie. and i from the snowy south to the summit son of some nexus back to the economic forum with r.t. business. très ally from st petersburg where this time of year the sun never sets on russia's northern capital for the st petersburg international economic forum good to have you with us the undisputed key highlight of the day the address by president

medvedev talking about innovation modernization and making a special emphasis on technology here at the forum he highlighted beyond ericsson mailed out ruse i.p.o.'s is being examples of other companies going to follow of important technical tech companies that should be examples to other businesses looking to do work in russia those good examples of russian homegrown businesses that have done good on the international market he also talked about the importance of the ten billion dollars state back private equity fund something that he hopes will spur innovation and. growth in russia's market also he touched on the expansion of the thirty billion dollar state asset sale program that he says was also benefit the country's economy. government doesn't need such a large amount of property it has only through schedule for privatization of major

companies the implementation of these plans is necessary but they're very modest it only has lead to the first of the scale of trying to time as they should in order to resolve this issue will be able to go through with a transparent way to attract effective trying to invest is and generate sufficient funds for the russian budget. and carrying on with that theme of transparency transparency and openness to things he said here are absolutely critical to the development of business in russia something that will go ahead and ahead with russia's eventual at session to the w t o. is this one of these people go into businessmen have a say good markets or just load power she was leaving he would be the case with russia is that we will fool whom you may be. so you can but you that's why willow berry is usually basement and looking for food to finalizing a membership in the good of e.t.a.

and you know you see it but it's just simply in a few little. two things he also said war help spur growth and investment in russia and that the country needs less regulation and red tape surrounding the business starting out and in foreign businesses doing business in russia he also said that there needs to be more efficient development in russia he said that there shouldn't be state capitalism in the country but rather the role of government should be strengthening and fostering an atmosphere of economic prosperity in the country now for more on all this for more perspective i'm joined by frank shaw the head of a.t.p. fight you very much for joining us here on business our chief so you've been doing business in your russia for several years now how's the environment for business change in your tenure well let's comment on the last few years we've seen a severe crisis here in russia with negative growth of about eight percent to sales nine seen for said plus last year we're looking for about forty five percent this

year certainly it's much improvement in comparison to the past are we seeing more companies coming out of the russian market where we saw phone direct investments coming into russia last year more than in the previous one as we expect also that this year the growth of foreign direct investments will continue it would perhaps not be such a big boom until the as a into the cause to solve an age but anyway since i've proven health very good that the government's privatization plans are supposed to boost competition in the country how do you think this will affect foreign companies in russia would slowly also have effects on foreign companies first because there might be sharing a part of the privatization seconds there might also her. modernizing these companies who are going to be privatized and so so so the increased competition but also what they say be interesting for these companies who are used to competition in the countries they come from in europe there is certainly more competition and so it markets to russia and finally one of the challenges facing international

companies want to set up shop here. let's put it clearly in there is so it looks off complaints on through data of all it's a miracle c but we have to have the president today saying that he tries to reduce her critical see just there is complains about corruption also the president has again the state if he's going to fight corruption with his political instruments and so solely from the investors would if there were a movement set up direct all right thank you very much frank shah for joining us here on our chief business now we have some up for news to tell you about more and ideals have been put to paper here in st petersburg johnson and johnson and the skolkovo have agreed to invest thirty million dollars to support russian medical start ups also nissan increasing its ownership in russian carmaker. gazprom and american shell also creating a joint venture to develop. infrastructure in hard to reach areas of the country and also we have some b.p.

news to share with you this hour regarding a important deal in russia that the failed arctic tie up with wiener ross nafta n b p they were to planning a joint development of a project in the arctic but that fell through or gardner as he says they were main optimistic. we were not successful in reaching a set of commercial conditions that were acceptable to all of the companies and performed i think the concept of a strategic partnership like this was good for russia good for. the energy markets. good for all of the companies and. rosneft says it plans to find a new partner to help develop the arctic and energy minister sergei shako highlights the tie up none the less triggered the investor interest for this project and that's all we have time for from st peter's.