mr mist you could reach in welcome to spotlight hello if. you mean the purpose of your current visit to moscow is to take part in this business for the customs union and the common economic space. there's a new. economic integration of the three states. stand in russia you said recently but one of the of the show if it's a customs union in the coming economic space this means that many factories should go beyond the conventional cooperation that's out and integrate their companies to manufacture new products. what is this statement backed by any specific proposals from delhi reuss you are planning to put forward. which the business will you know usually economic factors that force politicians to make certain decisions. such as decisions on integration. but in our case

it's my subversive businesses though it's what we have politicians creating the framework for the businesses to work can be done with those three issue of mrs business also and this is why when this time we greed to have this form together with business community. that's because we don't want to just talk about it a common economic space and a business so set some objectives at the level of government but the more you know what we would like to hear what the businessmen who are three countries have to say . so i think we need this harmony in the we'll do our best to combine business initiatives on the one hand and government proposals on the other in a harmonious way and the governments of course should do their part and create favorable conditions for our business. of the was going for those low. what the.

deliberate a. month ago is there was president and then you look at. their thirty's are prepared to shut off international trade in case the economic situation. considering 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 bill today in the tell me that this is already happening and that lots of domestically produced goods are now on sale in bellerose. would you explain how this kind of policy agrees with the commitments bellew's has issued and as a member of the euro of the coming economic space as well as its obligations to europe. i think you're cool ting the president out of context and six i believe we are beyond the point of no return in terms of the integration process. i mean you can't back out of it we need to go

on. and our relations including trying to get the beast on mutual respect and those we haven't been violated in you are all. we have fair competition and we have goods of all the three states especially russian gets there could be a little for sale in our markets. for our trade with other countries. we did introduce some restrictions serious price. and by the way e.u. neighbors very grateful for that. because this kind of trade is that when people but them bring duce 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 do is just follow the rules. and we're not keeping anybody a wave. from our market you know we're not giving anyone invented use over all

others. but if we work within the green means that we have sought in the put the. old the measures that we're taking on the consumer market. the russians as far as i know leave russia to be the main reason behind bill of economic troubles. as we know the prices have increased two fold people can buy foreign currency and so forth as a russian while i feel quite hurt to hear that people of a brotherly nation in russia for their hardships what is this opinion really out there in to what extent is most. well i don't want to pass judgment or make accusations. or but that the prices for goods imported from russia are going up much faster than the prices for gets we exported to russia is a factor. and it's not like the prices have gone up by ten or twenty percent for

they have doubled and tripled. let's take gas prices for example they have gone up by four hundred fifty percent over the past five years. the belorussian export prices have only grown by twenty five to thirty percent over the same period. immediately both are for for our treaty with russia to balance out that we need to step up our export volumes. and that some of it is our full movies and we see that the capacity of the russian market as he's just in knowledge is the common market over the three countries the capacity allows us to ramp up export volumes but in order for that to happen. companies businessmen should work harder and promote. a moment. it

will encourage your business men to play a more active rule in the privatization process and dollars but i have to say that there is a lot of talk on a subject but we don't see any progress and we don't seem practical solutions in the book on issues through it with this shit but i think the worst thing that can happen is if this integration takes place on paper on the boy in the bull market that we need russian companies to participate in the privatization process in belarus. and we are really opening up our economy. with the and we will create favorable conditions for our partners from the customs union first and foremost and up the butyl were to with but notice that most of those when you speak about privatization if you use the future tense start on a large scale no less with. you it's already under way if in the end it's proceeding at a good pace. furniture industry for example we have sold almost all our furniture

factories by now. on fortunately none of the buyers were russian businessmen are also. on and a number of other western companies are actually building new production facilities and. i think russian businesses should help with that. though not as for the metal industry we do have something offers from russian companies here 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 to taking some practical steps. but at the moment our evaluation commissions are working on two projects. and microelectronics we would like to have them all copper ration with a russian businessman in this area. we have a fairly strong microelectronics industry. in the past almost all its products

were used in the defense industry but it still was in the beloved and i think in the future pay more attention to the needs of word defense industry because there can be no innovation without a strong to tell us industry. and it would let them know what's on orders and so. the prime minister. spotlight will be back shortly after the break so stay with us . for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. the mission. couldn't take three. three.

three. three stooges three. three broadcast video for your media projects to free media r t dot com. welcome back to spotlight. on the show today is. the prime minister. because rich or we're talking about privatization and you told me it is well underway militarists and you expected to expand further. 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 so there was with. other social obligations we haven't seen before people and

it will give up our sovereignty but i was going to be clear we will never do that and. any other code of these words have a broader context to them and we see that the president is emotional and very specific as usual do you think these words mean that he doesn't want russian investors to participate in the privatization of deliberation companies but. i don't think so it's lower cost think what he means is that the privatization should be fair and transparent it doesn't you said no there was furniture industry has been sold out entirely but none of it to. tell you honestly everybody. is the most affordable among quality products. as well i don't mean to say that we have completely eliminated state ownership from the industry but it will help to auction for furniture companies in a row in the end indeed the bodies are not from russia. we have sold some four or

five furniture factories to private owners will a problem the molestation you know we are still holding a large portfolio don't stakes in very senior streets including furniture so there is still room. in the room with leo was but it was let's take the chemistry accept it with me and i'm planning to bring it up to date form for example for oil has been assessing our polar and surprise part of the enough time history grew more for well over two and a half years we'd like them to finally make up their mind as we also have other offers a waiting list. we have certainly granted the right of first bid to our russian partners but i would go we will kill him with a new and i believe there are also vast opportunities for partnership in areas such as the defense industry microelectronics information technologies through another set of tears. for instance and rochelle why don't produce enough pharmaceuticals

domestically produced and i believe you could be worthwhile if we tried to pool our resources and create an industrial joint venture to reproduce medicines rather than porting them. of course it would be impossible to manufacture it tens of thousands of brand pharmaceutical products but we could produce most of these social security combine after it was more done with them rather than clinging to the existing production facilities set up new transnational corporations from scratch is something that we unfortunately don't have. and. dividing and trading assets that were created a long time ago. so i think we should really start building something from scratch the. pressure of finance could

win is also criticized i mean you must have noticed that it's a very popular trend in russia these days. to his premier to criticize your government for its import restricting measures it's rigid press regulation in its money three policies even said. is merely suppressing the disease is letting it fester deep down does the russian government loans that you've been promised commitments to adjust your economic policies is there such conditionality is this part of the work for the future that you've mentioned that of course. well as far as the current trend of criticising belarus is concerned it's a go by the billion dollar reduce we deal with their own shortcomings in the first place and try to criticize ourselves. as some people prefer to criticise others can often turn to get their own problems. in the problem and no. position to judge here

in the us with the job and i believe there are plenty of sensible people including policymakers with this your cool sort this out with the russians also like to reproach themselves it's something we have in common. yes well. as for the negative developments facing our foreign exchange market they are primarily due to the fact that there are important volumes. exports by some one to eighty billion dollars or so when we say that we should live within our means this is one of the implications to export in by the way mr bush has strongly recommended that we should team our appetites with regard to imports and it is stipulated in the loan conditions in this obviously if you're going to do that we are told to use 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 for

you know our respective commitments. in this. issue there's more criticism aimed at you at this time coming from the world bank's country director for ukraine belarus and moldova mr martin advisor he said quote this. past years economic model has exhausted its possibilities so i was nativity agree with this statement and would you agree that it does need to be more up to date and should liberalize both economically and politically liberal is that say even he. first of all we strongly adhere to our stated commitment of developing a socially responsible market economy. therefore one regulating privatization and all were seen you change your phone or ship but its meaning we do seek to ensure that you. a nurse abide by their social partnership commitments. we cannot agree to

human needs being made secondary to the object to both generating profit. more from what we need is harmonization in between social in a market policies or probably a mess with the assertion that the bill aris model has exhausted itself which which i think this statement he's neither entirely correct nor appropriate. life and poses for certain adjustments. will to indeed we need to open up our economy to a greater extent. we need to invite in more foreign investors lose the most and they actually do approach us these days we are getting numerous offers that are in the european and american businesses. in the thrall so even though we still don't get as much foreign direct investment in the belarus economy as we would like to

see. those good foreign investment you know first five months of this year he's already had all of the annual investment volume of the new four thousand and ten in the us that on the in these didn't sit there for we are bolstering these developments you would know and the measures taken by the president and the government to reduce. specifically aimed at promoting and enabling environment for foreign the nestors. and the progress so that we would have new homeowners coming to our country with a long with new technologies and new management but it is slow and need to slow in that you can then make huge i don't know that much about economics. but from what i read to 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 but i would there's this loan remaining. the thing to you.

first our external debt is not. the means to any kind of missed can tell you that you put a hood that's the good it took almost almost it's not like we're facing a crisis. some sort of an insurmountable difficulty because of the foreign debt that we've accumulated over time i mean the thing you are dead amounts to about maybe two or three months over our export caribbean use it with of how much is that . well our export driven years for the first five months. of sixteen billion dollars. our debt stands at nine billion total. over and it's not like we have to pay it all at once. application for the i.m.f. loan is concerned we need contact them way above mentioned the figure in the well we think it should be three maybe

a seven point five billion dollars. 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 crisis develop. probably about this one so far problem it's just a way for us to some money for a short period in order to stabilize completely stabilize the currency for all sectors polish to see all these trees 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 net importer of. companies that don't export and i think and that only imported goods here or less. we have perhaps to. no need of intervention now with our

currency exchange offices. 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 but the just end. the same amount. in the book for me it's made all of the order and this is quite a substantial figure bellerose with its population zero nine and a half million people. but once you have it 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 their loans provided for you and for simply you can treat this comparison

a bit further. have you ever compared the current situation and deliveries with the situation see in greece portugal their economic situation is extremely difficult. as yet we should say that the situation in belarus is better or worse still below brazil which apoc until you'll fish really well the situation the better says better yet those countries at least as far as i know are facing as systemic crisis what we have is not a crisis it's just some difficulties in certain sectors of our economy. but these difficulties don't affect the manufacturing industries or our social commitments. those areas are working totally as they should and you know if that we have economic growth and the government provides funds for all the social programs we have a slight budget surplus. surplus not deficit. by. well

those are the obligations that we assumed together with our common economic space partners to get this saloon or yeah from the. anti-christ is fond. of it is the form in my final question and another quote of yours speaking about selling the bill trying. to set a quote no problem the well being is to have billion dollars and you can have it tomorrow if you like we want to deal with this that would include natural gas prices that's what we are currently working on and quote 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 but if people think that selling the remaining fifty percent of the bill trance gas that they were you know wanted to be able to domestic prices or at least to get a special price screens prince in reality there this is our principled position

that we have made this decision incidentally this was a 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 determine the promise that we think that at the end of the day we should arrive at profitability for. we realize of course that this can't happen overnight which we all i mean both belarus and russia we all should know that say in three years all prices will be at the same level so spicy with thank you very much for being with us. my guest on the show today was. the prime minister. and that's it for now from all of us here spotlight will be back with more. of what's going on. outside of russia as a party. take care. of the big.

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fresh arrests over the phone hacking scandal broke rupert murdoch's already shaken a media empire public fury over the challenges the future of britain's newspaper industry. got to take in x. no they've got to take a chainsaw to government spending and do something about it calls for the u.s. to cut spending and threats that the country's credit rating might be downgraded if lawmakers fail to raise america's debt ceiling as more states plunged into their own economic crisis plus. initial investigations into the sinking of the belgariad point to negligence on the tragedy could have been avoided. in the investigation into sunday's a pleasure cruiser disaster continue to retrieve bodies from the boulder river a death toll now standing at one hundred thirteen.

a very warm welcome to you this is r.t. live from moscow i'm the researcher a former executive editor of the disgraced news of the world newspaper has reportedly been arrested over the phone hacking scandal british m.p.'s meantime a now pressing rupert murdoch to face questioning over continuing allegations that several of his newspapers were engaged in rampant voicemail hacking and bribed senior officials but it also has a lawyer and it reports the media moguls and red top rise over the decade was littered with red flags warning of what was to come rupert murdoch's push to expand in british media has come to a halt public and political rage over thirteen hacking has forced news corp to drop its bid to buy satellite broadcaster b. sky b. but some say he's already killed the british press and they were saying it as far

back as one thousand nine hundred eighty one that's when he went on a media spending spree and bought amongst others the world renowned times newspaper news international has been playing a toxic part of our public life for so long but it worked under his ownership circulation just kept on rising in a market that killed off others and sky t.v. a loss making and obscure satellite network rocketed to become the biggest player in the u.k.'s pay t.v. market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalist kept a ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children.