i'm a little in the mood going to the joint be the jones the i love you that's the gateway for joe the brendan period during the george washington post coromandel you can a little child shows listen to joe she don't have to go and kill your brother since the colonel was her child as used to retreat. back to watching r t live from moscow here's a look at the top stories for her that's me empire bands it's great to take over britain's largest satellite broadcaster as a frenzy over a newspaper hacking consumes politicians and police. divers are said to make a final attempt to find twenty four victims of russia's pleasure cruise or disaster who are still missing while police make their first arrests detaining the owner of the company that ran down the bulgaria and the person who certified it safe to sale

. and to washington where at talks between russia's foreign minister and the u.s. secretary of state. proposes a new step by step strategy towards iran that may bring to iran back to the negotiating table over its nuclear program. most of the top stories here in our next algor and off to the prime minister of bell rose about the severe economic crisis that's hit the republic recently spotlight as coming up. hungry for the fall so we've got it first hand the biggest issues get a human voice face to face with the news makers.

oh yeah they're welcome to spotlight the injury show on our tape i'm out there longer than today my guest on the program is the new failed last new car. since spring bell this is in the grip of a severe financial crisis we feel is the government to devalue even the school currency russia has come to rescue by securing a loan from the young us as funding but minsk needs more to stabilize his finances how far it is ready to go to save its ailing economy to date i guess on the shelf is here to paulson this question he is the prime minister. just misael presley cottage. clinton official records inflation abilities to reach

almost forty percent by the end of the year trying to get real national currency the russians are buying up important news since exchange operations a temporary prohibited by the state a dramatic by the russian a little devaluation of the chicken two months ago hasn't stopped the process collation still it helped secure a three billion dollar bailout loan from the russian let your asian economic community fund belarus is also seeking up to a billion dollars from the international. because he was there was the first place he was mr mystical reaching welcome to spotlight hello good wishes you had with percy first of all worship lamine purpose of your current visit to moscow of the west is to take part in this business forum which you poor on the customs union in the coming economic space you've got to work this in your case in the seeking of economic integration of the three states and then he's going to loose because i stand in russia you know as you said recently i

posted earlier when the steel issue look i'm doing it if it's a customs union if they in a company can empty space this means many factories should go beyond conventional cooperation that's out and integrate their companies many fetch a new products. what is this statement backed by any specific proposals from delhi reuss who let you are planning to put forward that will be so stupid. as they wish the business well you know usually economic factors that force politicians to make certain decisions or nurse so much as decisions on immigration it's for them but in our case it's my subversive work for businesses though if we have politicians creating the framework for the businesses to work out what was the nature of mrs business also and this is why when you this time we agreed to have this meeting let's form together would be business community let me just don't put

us through this because we don't want to just talk about a common economic space and a business so said some of geoff thompson at the level of governments the more you know bit more we would like to hear what the businessmen who are three countries have to say on the board and cut them off so i think we need this harmony and we'll do our best to combine business initiatives on the one hand and government proposals on the other in a harmonious way you feel when the governments of course should do their. part and create favorable conditions for our business man. who was going for most of it a book that. delivered a. month ago there was president and xander location cohen said there thirty's are prepared to shut off international trade in case the economic situation deteriorates he said i quote zucker if it comes to disaster as it was shut down the border in consumer goods when you go out and quote what i took to some people from

dealers today in these old me that this is already happening and that lots of the mystically produced goods are now on sale in dallas so there is the ok q would you explain how this kind of policy agrees with the commitments bellew's has assumed as a member of the euro sack of the coming economic space as well as its obligations to europe. as those. before i think your cool thing bill a russian president out of context and six i believe we are beyond the point of no return in terms of the integration process where you would think that's wrong i mean you can't back out of it we need to go on. and our relations including trade with the beast and mutual respect and yes those we haven't had it in you are all means we have fair competition and we have goods of all the three states especially russian gets sort of a little for sale on our market with the water just for our trade with other

countries if you did us we could introduce some or stir chance due to serious price the spiritual issues used to be with him and find a way e.u. neighbors very grateful for that you can name your of polish because this kind of hold on regular victory is that when people but them bring booze across the border in the trunk of their cars but it has a negative effect on our regular tree never mind always. only jews just follow the rules. we're not keeping anybody away from our market and we're not giving anyone advantages over others the only thing there but if we work within the agreements that we have signed in the paper to be this good including older measures that we're taking on the consumer market. you know the russians as far as i know leave russia to be the main reason behind bill reese current economic troubles of the us

they pushed through the ways we know the prices have increased two fold but you can't buy foreign currency and so forth need mission of ac as a russian one of the you know if you quite heard to hear that people have a brotherly nation lame russia for their hardships what is this opinion really out there in to what extent is most possibly because it's. good to build well i don't want to pass judgment or make a position of. i but that the prices for goods imported from russia are going up much faster than the prices for goods we exported to russia is a fact. and it's not like the prices have gone up by ten or twenty percent for they have doubled or tripled. let's take gas prices for example which they have got up by four hundred fifty percent of this over the past five years with. the builders of the belorussian export prices have only grown by twenty five to thirty percent over the same period. immediately bowler for four of the treaty with russia

to balance out that we need to step up our gas portfolios. and that some of it is our full movies and we see that the capacity of the russian market as it's just going now is the common market over the three countries as well that the capacity allows us to ramp up asport volume of suffering but in order for that to happen belittled the company is the. men should work harder and promote you know the russian apps ports. alone will encourage our business men to play a more apt to truly and the problem as a pro system dollars for the record to think of i have to say that there is a lot of talk on a subject but we don't see any progress we don't see any practical solutions in the book on issues through it with a suit but i think the worst thing that can happen is if there's an integration takes place on paper on what you have put on the bull market about three need

russian companies to participate in the privatization process and valerie first if you go out and we are really opening up our economy which there would be and we would create favorable conditions for our partners it would come from the customs union first and foremost and up the worth of beer which are with but if you put it that is the more thoughtful when you speak about privatization he used the future tense what will it start on a large scale no less rebuild the father's leg and it's already under way if you look and it's a perceiving it a good pace. in their furniture industry for example we have sold almost all our furniture factories but now that though no plan fortunately none of the buyers were russian businessmen are also a kid with a recount to shop on and a number of other western companies are actually building new production facilities and. i think russian businesses should help with the olympics there though not as for the medal industry we do have something offers from russian companies here but

we also have a lot of offers coming from western europe. so i think it's time for us to move on and proceed from a sassing and considering my situation with her to taking some practical steps like the bit of credit but at the moment our evaluation commissions are working on two projects lost cause of that and my current twenty six we would like to have more cooperation with the russian businessman. in this area. we have a fairly strong global microelectronics industry and we could throw in the past almost all its products and were used in the defense industry but it's the little boy logan i think in the future should pay more attention to the needs of war and defense industry because there can be little no innovation would work but without a strong defense industry or forward it would the what's one more thing says mikhail nestico they should get prime minister delgado's spotlight will be back

shortly after the break so stay with us they left. me as. i am. the first cree remove old cold a clear cutting. second explosives are used to blast made early in the period. serve the remainder redeemed by machinery. and finally the unborn good soil is deep in vallecito. leaf on a. welcome

back to spotlight. and just a reminder that my desk on the show today is we hail neston coverage the prime minister. and this bill is negotiable station mission because rich or we're talking about privatization and you told me it is well underway and deliberate and you expect it to expand further what you which i would like to call it greece in statements by president lukashenko he said and i quote three things are expected from villages today that we will sell our state assets for a song to stop us there will withdraw the social obligations we have assumed before people is that we will give up our sovereignty and i was going to be clear we will never do that and it's not like any other codes of these words have a broader context and then it gets into it we see that the president is emotional

and very specific as usual do you think these words by look at shane to mean that he doesn't want russian investors to participate in the privatization of the russian companies a little bit so there's a postal no i don't think so it's lower cost think what he means is that it's the privatization should be fair and transparent to the fullest doesn't you said no there was furniture industry has been sold out entirely but none of it to russians right simple i'll tell you honestly everybody has made french and russia just the most affordable among quality products. as well i don't mean to say that we have completely eliminated state ownership from the furniture industry merged with what will help to auctions of her furniture companies enroll in the ending g.t. and the buyers are not from russia and there's not a theory we have sold some four or five furniture factory still probably. will approach the no lesley sure yet we're still holding a large portfolio of state own stakes in a very senior street including furniture so there is still room yes they sure all

completely may have been the promised leader was but look let's take the. chemistry septra it with when you are in i'm planning to bring it up to the forum for example for oil has been assessing the current polar and surprise a lot of the enough time history grew more poor will return a half years from now when they're poor we'd like them to finally make up their mind as we also have other offers waiting number has ilish the bit we have certainly granted the right go first did it through our russian partners but i would go a little cumin and i believe there are also best opportunities for partnership in areas such as the defense industry and microelectronics information technologies through another septembers the for instance military center russia law i don't produce or not pharmaceuticals domestically and i believe it would be worthwhile if we tried to pool our resources and create

a good and thus truly joint venture boom which we produce medicines rather than keep you know porting down to a pogo warp and of course it would be impossible to manufacture it tens of thousands of brand pharmaceutical products but we could produce what most of these special secure through a combined effort does more to shoot down the rather than cling to the existing production facilities to set up a new transnational corporations from scratch with something that we have fortunately don't have steady we keep dividing and trading assets that were created a long time to go up so i think we should really start building something from scratch and it's the of going to show. us just what is the. precious i mean sort of finance aleksey kudrin as those who criticize you with any you must have noticed that it's a very popular trend in russia these days criticizing values russia will place the coup in his premier decree says your government creates important research measures

rigid price regulations and its money three power. he said he even said a quote. is merely suppressing the disease is letting it fester deep down it does the russian government if you link the loans that you've been promised to commitments to gesture economic policies is there such conditionality is this part of the work for the future that you've mentioned it and of course that much they've got it will be really. well as far as the current trend of criticising them a reason is concerned that there was a billion dollars deal with their own shortcomings in the first place and so try to criticize ourselves and say give the words some people prefer to criticise others and can often turn to get their own problems. on the program in no position to judge cheer me up with the thought and i believe there are plenty of sensible people including policymakers almost as you know who will sort this out with of the and i will say the russians also like to reproach themselves it's something we have

in common. yes well most focused as for the negative developments facing our foreign exchange market to see if there are primarily due to the fact that there are important volumes not we are exports by a billion dollars so when we say that we should live within our means little this is one of the implications to you. in by the way mr has strongly recommended if we should reach a more rapid tights with a record to imports and it is simply added in the loan conditions of the limits of these things you're going to do that we are entitled to use to monitor instruments such as exchange rate weight relation among others and the other of the therefore your rigorously keeping in line with the course of action we have agreed upon you know our respective commitments are both only because that is the book a part of the island i said. if your case co-writers more criticism aimed at you at

this time coming from the world bank's country director for ukraine brother was in moldova mr. not in advisory or so he said close with atheism by the socially achievements of past years but the economic model has exhausted it's puzzling i was new to me with this statement listening in would you agree that belief does need to be more up to date anyone should liberalize both economically and politically liberal is that say even skate easy for the schools for a number of good go to which progress first of all we strongly here at your stated commitment of developing a socially responsible market economy are motivation for the moment therefore when regulating privatisation and all were seen a change of phone or ship does mean that we do seek to ensure that new owners abide by their social partnership commitments for the new. we cannot agree cheap human needs are being made secondary to the objective both generating profit. more from

what we need is harmonized between a social and then a market policies or a problem with us with the assertion that the bill risk model has exhausted itself which you put couple which i think this state matter he's neither entirely correct or a more appropriate. life and those of us certainly just once. we need to open up our economy to a greater extent. we need to invite in more foreign investors that are shrews more than they have to do approach us these days we're getting numerous offer support of our new european and american business or sleep in those new privileged drive in the us that also even though we still don't get as much foreign direct investment in the belarus economy as we would like to see. those foreign investment the in the first five months of this year he's already had what is over the annual and best of all you know when you for trying to turn in the foot on the can these does it hurt

mumford's therefore we are bolstering these developments. and the measures taken by the president and the government to go rid of the world are the specifically aimed at promoting and enabling in the parliament for foreign investors. and the pros so that we would have new homeowners coming to our country with along with colleges and new management but it is slow and need to slow management then like you said i don't know that much about economics and if there was the best from what i read today i get an impression that. unless you get the i.m.f. loan that you're hoping for it will inevitably default on its foreign debt but it's the is that correct that i would this whole really mean everything to you. and the would go to. the first external debt it's not that if that means that any kind of missed can tell you that record it's

a good it took almost all nothing like we are facing a crisis and we need more some sort of an insurmountable difficulty because self therefore instead of that we've accumulated over time oh you know nothing you heard that amounts to about oh maybe two or three months now our export caribbean enters its fourth of how much is that. well our export driven us for the first five months came up to have sixteen billion dollars in. our dad stan said nine billion total of those that are over and it's not like we have to pay it all at once push because less tories are application for the jarome athlone is concerned we need contact down the abovementioned to figure in the well we think it should be three maybe a seven point five billion dollars. for the coming years of course this is next to nothing compared to the bailouts that the international community including the our

math school provides for some e.u. countries that are facing difficulties because of the crisis. and certain post process developments. probably about this one so far problem getting what is just a way for us to be sure some money for a short period in order to destabilize already completely stabilize the currency for all sectors that bullet through to date all our industries are doing well already greek culture is doing well there but we have enough foreign currency to take care of our production needs. we do have some difficulties sort of providing foreign currency for a net importer of us now but it is companies that don't export and i think and that only imported goods here or less. we have practically no need of intervention the way our currency exchange offices. of the world that we can work with the currency the people sell to the banks and buy from the banks. will displace the scottish

suffice it to say that over a baby past few months people have been selling approximately ten and eighteen to two hundred in twenty million dollars a month at the other top of the stand by and about the same amount that will some local business in the provide with the goal of building and this is quite a substantial figure for beller it's with its population of nine and a half million people bus the one theatre with so we hope that within the next few months we will be able to stabilize the currency rates and meet the demands of our economic agents and the people of belarus. you compared the loans provided to you in person a you can trace it they say this compares in a bit further north i mean you have you ever compared the current situation and delivers the situation see in greece or portugal their economic situation is extremely difficult for the way as. you say that the situation in belarus is better

or worse yet. globe wish you would show park until you all fish really well the situation on the dollar says better yet of those countries at least this far as i know are facing as systemic crisis we have it's not a crisis it's just some difficulties in certain sectors of our economy. but these difficult just don't affect the manufacturing industries or our social commitments only those areas are working totally as they should you know you know if that we have economic growth which your government provides fons for all the social programs which we even have a slight budget surplus. it's a surplus deficit. by the way those are the obligations that we assumed to get there with the common economic space. to get this moon or yeah from the. anti-crisis fonde you can get there but. what i think i think it is though for them

it was a look my final question and another quote of yours i don't speaking about selling the bill trans guys talking he said a quality no problem in the ring is to have billion dollars and you can have it to morrow if you like as if we want a package deal with this that would include natural gas prices that's what we are currently working on our end quote so are you making progress in your talks with gazprom to fleece gazprom willing to budge on the issue of prices. what happens here sometimes is a sort of misinterpretation of issues people think the velour uses selling their remaining fifty percent of the bill trance gods of the world in order to be able to pay the russians domestic crisis or at least to get is special price screens because in reality in the oil this is our principled position that we have made this decision with incidentally this was russia's initiative not ours. also what we are saying is that we need a clear pricing formula for natural gas for

a longer term. how do you term. in the process you period we think that at the end of the day when we should arrive at least all the profits ability for you those days to me we're real as a force that this can't happen overnight don't let the new deal which we all i mean both pillars and russia we all should know that we've just seen three years all prices will be at the same level of problem we're not so closely with thank you very much for being with us and just a reminder that my guest on the show today was knee high yield yesterday called h. and the prime minister bellows and that's it for now from all of us here spotlight will be back with more crystal comments all of what's going on in and outside russia as the lead stay in the party and take care.