in india oh she's available in the movie the joint the hotel rooms the home of villas the gateway hotel the grand imperial truly the tallest was there. you can to let you know it's mostly civility to go and proclaim road to the colonel was her job as a treat. now at five thirty pm here in the russian capital and without saying a quick summary not all of our top headlines here had a fresh arrests over the u.k.'s phone hacking scandal rocked rupert murdoch's already shaken empire but the media mogul himself presidency facing difficult questions meanwhile public fury over the case challenges the future of britain's that newspaper industry. calling for the u.s. to cut spending and threats to the country's credit rating could be downgraded if

lawmakers fail to raise america's debt ceiling as more e.u. states plunging deeper into economic crisis it's really becoming the latest country to cost austerity measures. and one hundred and thirteen bodies have now been recovered from the water after sunday's a pleasure cruise a disaster on the. divers continue efforts to find around twenty still missing. those are the headlines here on our next i'll go off to the prime minister all about the severe economic crisis that's hit and it was a hit or public rather recently spotlight is now. oh yeah the walk and just spotlight the interior shell all the artsy i'm out there longer than three my guest on the program is me failed last new club. since

spraining bell this is in the grip of a severe financial crisis we force the government to devalue the currency russia has come to rescue by securing a loan from the us as funding the minsk needs more to stabilize his finances how far it is ready to go to save its ailing economy to date i guessed on the show is here to also this question he is the prime minister. most misael. control for sure of course inflation bellerose spiritual most forty percent by the end of the year trying to get rid of national currency the russians are buying up and putting use six exchange operations a temporary prohibited by the state a dramatic by the russian language evaluation i had taken two months ago the peasant stocks process collation still it helped secure a three billion dollar bailout loan from the russian led your asian economic

community phonic. social circle up to a billion dollars from the international monetary fund. because he was. dismissed you could reach and welcome to spotlight follow a few issues you had was pretty first of all mean the purpose of your current user to moscow is the west is to take part in this business forum which you poor on the customs union in the coming economic space you took over this in your piece in the speaking of economic integration of the three states and then he's going to lose because i stand in russia you said recent. the post really was the official account of the if it's a customs union in the coming economic space this means that many factories should go beyond conventional cooperation with out and integrate their companies and then affection new products out of. what is this statement backed by any specific proposals from delhi reuss that let you are planning to put forward that it will be

those companies. which the business will you know go usually economic factors that force politicians to make certain decisions or less so much as decisions on immigration. but in our case it's my subversive businesses though if we have politicians creating the framework for the businesses to work and. it was the issue of mrs business also and this is why this time we greet you have this meeting which form together with the business community i mean that's because we don't want to just talk about it coming economic space and the business soul search some of jeff to do at the level of governments the more you know what we would like to hear what the businessmen who are three countries have to say to them cut them off so i think we need this harmony and it will be too hard basket but you can bind the 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 and if the horror business but a. more beautiful that was going for those what that. delivered a. month ago if there was president and there's any litigation go. through it is our period to share of international trade in case the economic situation. he said quote if it comes to disaster if you shut down the border in consumer goods when you go out and quote i talked to some people from elucidated. well in these told me that this is already happening and that lots of domestically produced goods are now on sale in gallegos so there's a i q would you explain how this kind of policy agrees with the commitments bellew's has assumed as a member of the euro sake of the coming economic space of you as well as its obligations to europe. because the. i think you're

fooling bill russian president out of context i hope you will consider i believe we are beyond the point of no return in terms of the integration process but you would think that that's wrong i mean you can't back out of it we need to go on. and our relations including trade goods or should be based on mutual respect and those we haven't been violated in your allegations that we have fair competition and when we have goods of all the three states especially russia and good service there could be a little for sale on our market with the water just for our trade with other countries i think if it did us if we did introduce some restrictions but due to a serious price disparity there this is the three of them and by the way our e.u. neighbors very grateful for that you can name your if bullishly because of this kind of hold on we're going to trade is that when people but them bring views across the border in the trunk of their cars that it has

a negative effect on our regular tree. in the ways that are they only need to jews just follow the rules. for good but we're not keeping anybody away from our market and you know we're not giving anyone advantages over authors of the. but if we work within the green means that we have sought in the puppet abuses coming cluing all the measures that we're taking on the consumer market i would just mean the russians as far as i know leave russia to be the main reason behind bill reese current economic troubles think of it as a place to the as we know the prices have. increased twofold people can buy foreign currency and so forth the passion of a city as a russian one of the few quite hurt to hear that people have a brotherly nation and lame russia for their hardships where is this opinion really out there in to what extent is moscow to blame because. i know you do well i don't want to pass judgment or make a few zation it's

a good look at the prices for goods imported from russia are going up much faster than the prices for goods we exported to russia is a factor in the middle and it's not like the prices have gone up by ten or twenty percent they have doubled and tripled. let's take gas prices for example which they have gone up by four hundred fifty percent of the over the past five years with the builders of the velour russian export prices have only grown by twenty five to thirty percent over the same period. immediately below their four for all the tree with russia to balance out but we need to step up our gas portfolios. and i admit that some of it is our folded movies and we see that the capacity of the russian market as you just with knowledge is the common market will be three countries as well that the capacity allows us to ramp up the transport

volleyers from a year but in order for that to happen in companies the businessman should work harder and prove to the russian outsports. a moment we'll encourage our business managers to play a more apt rule in the protestation process and dollars of the record to think of i have to say that there is a lot of talk on this subject but we don't see any progress we don't see in practical solutions in the book on issues to deal with this issue but i think the worst thing that can happen is if this gratian takes place on paper on leave your board in the beaumarchais about three need. russian companies to participate in the private as asian process and killers. are really opening up our economy there but within we will create favorable conditions for our partners from the customs union first and foremost. your were trying to push to put the notice that most of those who need speak about privatization use the future tense start on

a large scale no less with the thuggish lead and it's already under way if in the end it's a proceeding at a good pace and put a bullet in their furry change through for example we have sold almost all our furniture factories by now though no plan fortunately not of the borders were russian business around the world also a kid. on and a number of other western companies are actually building new production facilities and bellerive so. i think russian businesses should put them in projects here though unless for the metal industry we do have something offers from russian companies dear but we also have a lot of offers coming in from western europe. so i think it's time for us to move on and proceed from a sassing and considering the situation there to taking some practical steps. heard this but at the moment our evaluation commissions are working on few projects. and

microelectronics we would like to have more cooperation with the russian businessmen in this area. we have a fairly strong microelectronics industry. in the past or the most of its products were used in the defense industry but it's there within the bill over and i think in the future we should pay more attention to the needs of worry defense industry because there can be no innovation with or without a strong defense industry. and you would look at what's one more thing says me hi leslie cauley should pray that this. spotlight will be back shortly after a break so stay with us they left. for the full summer we've got it first hand the biggest issues get

a human voice face to face with the news makers on r.t. . emission free credit take should be three cents for just three. months three kids three stooges three languages three volunteers planting video for your media projects and free media john darche dot com. welcome back to spotlight. and just throw my that my desk on the show today is me high on their skin color which the prime minister. in this movie version will station national coverage or we're talking about colorization it follows and you told me it is well underway in the us and you expect it to expand further what i

would like to call greece in statements of its president lukashenko he said and i quote three things are expected from villages today that we will sell our state assets for so long to stop us they 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 i thought like any other codes of these words have a broader context to them look i've seen that we see that the president is emotional and very specific as usual what do you think these words by looking shinku mean that he doesn't want russian investors to participate in the privatization of the russian companies and little that it's an issue postal no i don't think so it's a slower passing what he means is that if you can privatization should be fair and transparent to the fullest doesn't you said there was furniture industry has been sold out entirely but not to russians right simple i'll tell you honestly everybody buys delusory french and russia just the most affordable among quality products. as well i don't just say that we have completely eliminated state ownership from the

french industry much and i think what will help you. auctions of her furniture companies in a row may have been there any new buyers are not from russia and there's another theory we have sold some four or five furniture factories to private owners will a problem no less an issue you are still holding a large portfolio of steel don't stake seem very senior stories including furniture so there is still room yes they should you're welcome to meet in the room with leah was but we'll let's take the chemistry separate with when you were in i'm planning to bring it up to date for for example for oil has been assessing the current polar answer prize the squad of the enough time the strict rules more well over two and a half years when they're poor we'd like them to finally make up their mind as we also have other offers waiting number could cilicia elude the market we have certainly granted the right go first to our russian partners but i would go

a little cumin and i believe there are also desktop or to ninety's for partnership in areas such as the defense industry owners' microelectronics information technologies through another setters is for instance military center russia law i don't produce enough pharmaceuticals domestically produced and i believe it would be worthwhile if we tried to cool our resources and create an industrial joint venture who were to produce medicines. warning down go war of course it would be impossible to manufacture it tens of thousands of brand pharmaceutical products or what we could produce were most of these special secure from a combined effort was more to shoot down with them rather than cling to the existing production facilities to set up new transnational corporations from scritches that and something that we unfortunately don't have for instance the instead we keep dividing and trading assets that were created

a long time to do. so last. we should really start building something from scratch if the of going to. shift orders that i see is killing is precious to me through a 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 various martial oppressed according to his premier to criticize your government imports restricting measures it's rigid price regulations the end its money three policies that even say quote. is merely suppressing the disease is letting it fester deep down does the russian government if it links below is that you've been promised to commitments to adjust your economic policies is there such conditionality is this part of the work for the future that you've mentioned here the force that will come with it. well as far as the current trend of criticising demaris is concerned i think it was a billion dollars deal with their own shortcomings in the first place and try to

criticize ourselves with things like we're as some people prefer to criticise others can often turn to get their own problems so from the program in no position to judge here in the us for the job and i believe you are plenty of sensible people including policymakers almost this year who will sort this out over the given 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 are wealthy as they are primarily due to the fact that our import volumes not we are exports by seven to eighty million dollars so when we say that we should live within our own little this is one of the implications to be. in by the way mr to turn it over to strongly recommended if we should change our appetites with a record to imports in the well and cheekily it in the loan conditions of the

holiness of his which you're going to do that. we are entitled to use the monitoring instruments such as exchange rate regulation among others. therefore you are rigorously keeping in line with the course of action we have agreed upon in our respective commitments because that is the work of motives and in the subject. to showcase coercion there is more criticism aimed at you that at this time coming from the world bank's country director for ukraine the other was in moldova mr martin advisor he said quote this is by the socially cheviots of past years the economic model a fairly recent one has exhausted its possibilities so i wasn't it was easy with the statement i was going in would you agree that does need to be more up to date and should liberalize both economically and politically and if there is that say even then each state even when he thinks his feet no more pure of much progress and first of all we strongly here it's your stated commitment of developing

a socially responsible market economy motivation with the money therefore when regulating privatization and the whole we're seeing a change of ownership meaning we do seek to ensure that new owners abide by their social partnership commitments and. we counted reaching human needs being made secondary to the object you're both generating profit. more from what we need is harmonization in between a social and a market policy sort of problem with this with the assertion that the bill or its model has exhausted itself which and it would propose which i think this statement is neither entirely correct or more appropriate but what governs either life imposes certain adjustments. will do indeed 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 actually do approach us these days we're getting numerous offer sort of

our european and american businesses both near to bush. so even though we still don't get as much before and they're read in the restaurant you know bellerose economy has that we would not just see. the already rigid foreign investment in the first five months of this year he's already had it but it's all of the annual investment volume of the new four thousand and ten and of that on the committees does it hurt them for it therefore we are bolstering these developments they would know and two of the measures taken by the president and the government of bellary of sorghum these other would are the specifically aimed at promoting then you need in the parliament for foreign investors. and the pros so that we would have new homeowners coming to our country and i thought along with nearly two colleges and new management to pay for this no immediate snow management then like you said i don't know that much about economics if that was the best from what i read today i

get an impression that or 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 will really mean everything to you means that we get the latest over peter who. were first and are external to that is not that and that means that any coniston tell you that you're going to quit it's a good it took almost almost it's not like we're facing a crisis in the name or some sort of an insurmountable difficulty because of the foreign debt but that we have accumulated over time i mean the thing you heard that amounts to about maybe two or three months over our export caribbean years at the school the third how much is that what the less this is well our x. or trillion years for the first five months came out to have sixteen billion dollars. our dad stan said nine billion total bill of the over and small

clique we have to pay it all at once because their stories are an application for the i am. athlone is concerned we need contact the family of the only above mentioned the figure in the well we think it should be three maybe a seven point five billion dollars obo little for the coming years of course this is next to nothing compared to the bailouts that the international community including the math school provides for some e.u. countries that are facing difficulties because of the crisis and certain post prices still. probably about this one so far problem it's just a way for us to be a sum of money for a short period in order to stabilize or incompletely stabilize the currency for all sectors it will with the date histories are doing well already greek culture is doing well but we have enough foreign currency to take care of our production needs . we do have some difficulties providing foreign currency for

a few and that importers the companies that don't export and i think that only imported goods here or less. we have practically no need of intervention with our currency exchange officers. the little book that we can work with the currency that people sell to the banks and buy from the banks. suffice it to say that over the past few months people have been selling approximately ten and eighteen to two hundred twenty million dollars a month that probably you know the death of this defendant vying about the same amount more per visit in the book of myths and on the bulletin and this is quite a substantial figure for bellary it's with its population of nine and a half million people both those 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 agencies. the people of belarus. you've compared their loans provided for you and for some a you countries think this comparison and further. have you ever compare the current situation and delivers the situation see in greece portugal their economic situation is extremely difficult for the way. can you say that the situation in belarus is better or worse yet the liberal sutro party until you all fish really well the situation in the better sense better for those countries the least as far as i know are they facing as systemically rushes what we have is not a crisis it's just some with difficulties in certain sectors of our economy. but these difficulties don't affect the manufacturing industry or our social commitments. those areas are working towards really as the issues you know you are both we have economic growth and the government provides funds for only social

programs which we even have a slight budget surplus which is a surplus deficit. by the way those are the obligations that we assumed together with our common economic space for terrorists i think to get this moon or yeah from the. anti-crisis found you could get there but the of. these poor and second it has no form it was a new up my final question and another quote of yours speaking about selling the bill france got stuck with you said a quote no problem in the ring is to have billion dollars and you can have it tomorrow 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 additional people think they're delirious is selling

the remaining fifty percent of the bill trance gas. but there was an order to be able to russia's domestic crisis only or at least to get a special price screens for prince in reality of this is our principled position that we have made this decision it was incidentally this was russia's initiative not ours. also what we are saying is that we made it clear pricing formula for natural gas for a long return it's not because how do you determine the price you period that we think that at the end of the day when we should arrive at a lethal profits ability for did those does that mean we realize of course that this can't happen overnight is there much we all i mean both belarus and russia we all should know that we've just seen three years all prices will get the same level problem will not so spicy with thank you very much for being with us and just to remind you that my guest on the show today was knee high yield yesterday called h. the prime minister bellerive and that's it for now for all of us here spotlight

will be back with more calm oath all of what's going on. outside russia as the lead stay in the party and take it. to. the big.

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