with a budget surplus but it's rough and now we're in for another perfect storm business poll to find out. it's five pm in moscow this is r t coming to you live from a need to know with our top story this hour a billion dollar exhibit at an airstrip near moscow is promising lucrative deals for sellers and displays of the latest aircraft for spectators staring up at the sky but a first public glimpse of russia's new fifth generation finder among wednesday's highlights. straight live to our rory's to say he was at max twenty eleven for us rory we have course thought live here on our team but it must have been nothing like seeing it in the flesh tell us more about the debut flight of russia's t fifty. stunning

and utterly deafening other debut of this ultra secretive t. fifty sukhoi superjet stealth fighter jet absolutely mind blowing to watch it are low altitude maneuvers soaring high altitude maneuvers the noise coming off those engines was just something to witness for yourself i probably have got some partial damage to my hearing but when it comes to the pilot doing this insatiable maneuvers just major g. forces in this team t fifty i can only imagine the pilot saw his lunch twice today now when it comes to the whole operation the whole deal with the ultra secretive t fifty it was actually a deal between india and russia to develop it i pod and is here the idea is to build about a thousand of them over the next decade or so hopefully have the t. fifty sukhoi in service by two thousand and fifteen now the west is certainly keeping a close watch on russia with the debut of this t fifty it is supposed to go head to

head with america's f. twenty two raptor also the f. eighteen it is lighter it is faster the technology is more recent also it's more cost effective than the western counterparts now are the prime minister vladimir putin he came here to view the day view a day view of the fifty he was sitting just over to my right in a small arena watching the whole acrobatic stunts he gave his stamp of approval and then disappeared from here so it's really been absolutely sensational the air shows but you know especially i did speak to some american flyboys who are here after a four year hiatus the americans are here again and i said to them i said you are pilots are you are you keeping a close watch on the debut of this t fifty you know super secret sulfide they said yeah you know we're interested we curious i said perhaps america has some low orbit satellite zooming in for this should have a really really good look on the top cap and said you know i'm going to have to just deny any knowledge of that whatsoever so i think denial speaks volumes and he said and you of course as i understand are a bit of an aircraft buff yourself of course you look

a little bit cooler with your glasses on you took them off how is. more about white people like you not just the billionaires who can actually find these planes what else is making people look up on the second day of two thousand and eleven. well in particular after the debut of the stealth fighter the t fifty we had the fantastic arrangement of the swifts the russian swifts and the russian knights all came up information they had the sukhoi twenty seven's on the smaller make twenty nine s. notice notice we small of the makes all information flying together again they were doing massive acrobatic maneuvers like the england's red arrows or america's blue angels absolutely stunning stuff so yeah you know it was amusing to watch the you know the thousands of people here were just standing still like this. absolutely fantastic and perfect weather for it as well you know personally i love the jets i love the fighter jets but i was really moved by a couple of iconic his history historical jets we had to america's b.

fifty two and the russian bear almost directly next to each other these were the two main long range nuclear bombs that were always patrolling high in the skies during the cold war and it was fascinating to notice as the children would walk by and they would have mahdi's the russian bear they would have my the b. fifty two but the elder generation the generation that lived through the cold war era they would stand there with a solemn look on their face admiring these old the russian bed the b. fifty two and you could see it in their eyes you could tell they were thinking you know this was nearly the beginning of the end these two airplanes could have assured us mutually assured destruction with a nuclear war thank goodness it didn't happen but we had a lovely time here today if you look over here you can see perhaps over here this is the unmanned helicopter unmanned helicopter robotic system there are many many other drones behind it some drones as small as my leg i mean who knows really what's flying in the skies these days but when it comes to the issue of terminator and skynet it seems like those days are approaching a faster than ever now for the meantime i really should wrap it up here i can go on

like a schoolboy i'm surrounded by toys. boys with toys it's great fun here for us at r.t. above and i will go to a slightly more serious packager artie's tom barton talking about the debut of a russian passenger liner that's next right here on r.t. . this is one of the new hopes of russian aviation it's called the m.s. twenty one and it's talented as an airline of the twenty first century there's a lot riding on the fate of this plane it represents the efforts of a russian aircraft industry that so far failed to break into international markets and it will have to be as modern as it says it is to survive the competition. as a sort to mid-range passenger jet it will be going up against the likes of boeing seven three seven and airbus has a three twenty both well established planes its makers are fully aware of the challenge ahead we understand they will not we are not terrorists on these markets . market part but we hope we will opt for

our whole market. says. they're confident the m s twenty one will be able to technically match its competitors with a third of it built like complicit materials and totally us frame it will save on that crucial substance feel powerful in the one that she is to present. approximately fifteen percent or so of course operation of course. but the n.s.a. twenty one also follows the earlier sukhoi superjet as one of the first russian airliners built in years the efforts are being led by the united air craft corporation which is trying to make russian plane companies work together like air persons done in europe we use the engineers engineers capacity from suporn company to consumer to go to political illusion it's early days yet but with

a wealth of aeronautical engineering experience from soviet times hopes of flying honey the m s twenty one will put a new generation of russian airliners up in the clouds tom boston marty. well r t will continue to bring you the best of mach's twenty eleven throughout the week so stay tuned for more highlights from moscow is jet powered airshow. future flight. our team takes to the max air show global markets have taken a nosedive after the leaders of the strongest economies fail to calm fears of

a deepening crisis angela merkel and nicolas sarkozy called for the creation of a central economic body which would ensure euro zone members take more financial responsibility but they brushed aside suggestions of expanding the e.u. bailout fund or releasing euro bonds to help keep the single currency afloat archies daniel bushell explains. the key decision is they have announced a single united eurozone government they also announced a corporation tax to unite the corporation taxes of germany and france so we're moving slowly towards a fiscal union which is what many had predicted but of course there's one small problem which is the people of europe have been. because the the president of france faces an election next year where he's already trailing behind his rivals and suspected this may make him even more important because the people of europe haven't been asked but in polls in the opinion polls they say that they don't want the european integration angela merkel the chancellor of germany says they showed

great courage to do this and they dismissed the use of euro bourne's which many have said would be the solution agreed eventually they said that you're a miracle they're not a cure and france and germany won't guarantee of the country's debt so they refuse to bail out the rising problems in countries like italy and spain they also denounce the rumors and speculation and said they'd fight against this the rumors that they say are trying to bring down the euro a tax on financial transactions was also announced. that the purpose was to home in those economies and taxes across europe so a very wide ranging proposals on offer here. human rights groups are boycotting a british inquiry into allegations of torture saying the government is taking an irresponsible approach to the case but activists insist the probe is a waste of time and public money because downing street will have the final say

over whether or not to disclose the results are that one torture victim who also doubts the inquiry will bring to justice. walking a tightrope of pain versus gain it's emerged that's how britain security agencies were encouraged to decide when to talk terrorist suspects. was held in afghanistan and in guantanamo bay between two thousand and two and two thousand and five he says he was tortured and accuses the u.k. of being complicit in that torture only now is the level of the official complicity being revealed i am completely one hundred percent sure but i would not have gone to guantanamo or to back room had it not been could be in british intelligence services i spoke to british intelligence officers quite regularly. they were physically present when i was being abused they saw my shop and my

lecture. with me they saw my according to policy documents seen by the guardian newspaper senior five and m i six agents were asked to weigh up the quality of information they might obtain with the level of mistreatment a prisoner would suffer and if it was worth it to go ahead amnesty international says there's a mounting pile of credible evidence on the extent to which britain was involved in torture as the document that's been hidden for a very long time has just been released that shows that there was you know perhaps circumstances in which. you know ministers were very senior officials authorised agents to participate and in situations where it was more likely than not the torture would occur there's a police investigation into torture allegations under way and as soon as that's finished an inquiry will begin but it's already come under fire the policy on

interrogation and all the relevant documents may not be made public which is good human rights groups so much that they've refused to give evidence or go to inquiry meetings. there's also control to say about the chair of the investigation so peter gibson used to be the intelligence services commissioner the government doesn't see a conflict of interest but many m.p.'s do we have to have confidence that the judge presiding is not somebody who has been heavily involved with the secret service in the future in the past and i think on that point it fails powerful people including tony blair jack straw and david miliband have refused to reveal whether they knew the policy led to a number of people being tortured but the ministers and agents who wrote it's knew the public would be outraged according to the guardian it includes warnings that if it got out the policy could lead to increased radicalization. agrees it's true

anybody would get radicalized if you hear about the types of torture that took place however when the government said that they will hold to account those people who were involved in torture and we take them for the wood and if the government then goes against that and so when i have this inquiry but it's going to be in secret you won't get to see those people involved in your torture then people will lose. any support any idea that the government is actually going to try to. carry out justice many say the inquiry set to begin shortly will be ineffective and that a second one will be necessary at vast expense but there's also concern that creeping revelations about just how complicit the u.k. has been in torture and extraordinary rendition will lead to further radicalize ation whatever happens it's clear we haven't heard the last of britain's involvement in torture you were and it. coming up to quarter past the hour

still ahead for you the worst oil spill in decades in british waters we'll update you on the do some through the green groups say will have grave consequences for the environment. but first a major anti terror operation is underway in russia's north caucasus republic of the six militants and two policemen have been killed in a major terrorist attack involving massive quantities of explosives prevented archies medina questionable reports two russian servicemen were killed when a group of militants attacked a the column off of the russian military forces of the republic of dagestan everything happened during a search operation that was carried out by the russian troops and in a wooden area of the republic they were looking for the militants who farida point the russian military forces early on a tuesday night and as of the moment of the fighting continues and what we know so far is that six militants have been killed in that battle basically at the same

time and very near to the location of the fighting russian federal security services have a just a bone with an m. presidential and a massive amount of one hundred kilograms of t.n.t. the bomb was also filed with a destructive components and to the explosive device that was hidden in a pipe that was a lying at the back of the car that was parked a very near to the market it was a remove he couldn't trolled a bomb ass of the criminals installed homemade electricity to nader's on to it and the russian committee so it was the people who first noticed the suspicious looking car being parked and so they called the police meanwhile it's not the first time full of such kind according to russia's office b. has a quite recently another large scale attack and as those time on the russian railways in the moscow region was prevented by the special forces. to iran says it's ready

to resume international negotiations on its disputed nuclear program states use russia's efforts as key to restarting the talks that's according to the iranian foreign minister was on a visit to moscow to ron's currently under four sets of u.n. sanctions through the house more. of course has always been against this approach to the iranian nuclear i'd gend saying that the only way out is a diplomatic one and that in forcing further sanctions on iran would only worsen the situation and its proposal is a step by step plan which has been deemed acceptable by the iranian side and also cautiously welcomed by the united nations security council and that plan proposes a greater openness in the return of the reigning officials to the negotiations table in return for the gradual removal of a un imposed sanctions against iran of the iranian side is said to be very satisfied with the russians proposal of the step by step program and said that it

is prepared to open its doors to international observers. make sure that. representatives from the international atomic energy agency from the united nations security council can see that iran is not interested in creating nuclear weapons it only wants to have an existing peaceful nuclear energy program but it will not tolerate any further sanctions against it will see those sanctions as basically an infringement on its right to peaceful nuclear energy and this is exactly where russia's step by step plan comes in and seemingly of course satisfies both sides we'll of course have to wait to see how that plan is implemented and whether it is as effective in reality as it has been so far in words. still ahead this hour new evidence of negligence workers that have focused on say the

cooling system was doomed to fail before the facility was hit by the march tsunami . the oil giant shell's still doesn't know what caused the leak at one of its north sea platforms the company was forced to admit it's responsible for the worst spill in british waters for more than a decade about thirteen hundred barrels have leaked so far shell confirmed it's still struggling to control a secondly but said the first pipe rupture is now under control and the flow of oil into the sea is down to one barrel a day but greenpeace has criticized the company for taking too long to make information about the spill public adam on it who's an energy analyst from the environmental organization platform says a lack of transparency is a worrying sign. what's important here is that the u.k. government has been rather smart in planning that its regulatory regimes were breasts unfit for purpose and resilient against the constant support often in the

for not supposed to last year however this particular spill calls for those claims and question it's a particularly sensitive period of the year for breeding. for growth home a certain scene on a moments. when our sort of share has been planning but it's part of the difficulty part in the second the big players of all the new ring growth in the recent we also know that charles using dispersants these have been highly controversial. on the use is questionable because well the gurus are gonna do more and more on the smaller boats and no more difficult for cleanup operations option on still newer from surface government bodies even to the stairs to climb in the pool don't have adequate information coming from show certainly and jurors in public at large are still in the dark about a lot of the falls show has almost very small boats were information and there's

been no official statements coming from and you see more on members of part of the company including serial on the board of directors which there is call into question seriousness to which the company is taking this issue. but take a look now at some other stories from around the world an explosion in southeast turkey close to the iraqi border has killed eight soldiers and wounded several others turkish officials say the troops died after their military vehicle was hit by a roadside bomb suspect kurdish militants were behind the attack last month twenty people died in a clash between turkish soldiers and members of a kurdish rebel group that has been calling for autonomy of the area for almost two decades. the u.n. says it's hold out non-essential staff from syria where president bashar also is how to end the five month uprising against his regime it comes after the syrian army reportedly withdrew from the eastern city of georgia with witnesses saying

they saw a convoys of army vehicles leaving the area activists say at least thirty two people have been killed since troops seize control of the city in a crackdown last week and it's believed over eighteen hundred people have been killed since the uprising began in march. workers at the fukushima nuclear facility in japan say that further structural cracks have been found at the plant and that it's releasing radioactive steam they also say that the pipes in at least one of the reactors were seriously damaged before the devastating tsunami hit the area in march but the allegations raise concerns that the facility was doomed even before the earthquake triggered the disaster problems with deteriorating pipes at the plant had been reported for years the cooling system failed to stop reactors going into meltdown after it was hit by a forty meter high waves the plant has been leaking radioactive material since the disaster despite efforts to clean it up well dr robert j. cups of the hiroshima peace institute says that the evidence brings into question

japan's nuclear safety. but there's certainly a great deal of evidence that appears to suggest that the first reactor reactor number one was melting down by the time the tsunami hit so if that's the. pace that the reactor was melting down as a result of the earthquake and not as a result of the tsunami a nine point zero earthquake is something that has the potential to happen throughout japan and that would put the reliability and the design safety of all of these reactors in question so when you have a fragile structure that's already suffered a great deal of damage and you have continual aftershocks at the level of six point zero there's there's been some even higher. what we have now is we have the radioactive core that has melted down into the basement into the bottom of the containment vessel of these reactors and if the radiation level is going down where it's being monitored inside the buildings and if the water pressure is going down and the temperature is going down it's not as though the radiation is just suddenly

going away it means that the radioactive material the melted core is simply moving further away from where it's being measured earthquakes even when they happen at a high level they're not individual events they're followed by a series of subsequent earthquakes and so we're seeing now that these reactors were not safe for earthquakes let alone for tsunamis. this is next here on our team with kareena stay with. hello and welcome to our business update this hour all the seventeenth has a dark day in russian financial history when the country declared its only default back and nine and one thousand nine hundred eight caught between a fall in crude prices and the asian crisis russia was caught short ten years on the country met the financial crisis of two thousand and eight the budget surplus and now with could only add markets into a mall and we in for another perfect storm in russia and i'm joined by roland nash

part down of capital to talk about this hello good to see you roland so all the dot columns on the horizon. there are clouds on the horizon i think are very right actually last week it was all a very chaotic period of time last week things are a little bit clearer the moment markets have stabilized they priced in a great deal of uncertainty last week and where we're hopeful if things stabilize now and valuations will again become important but you know it's another typical in russia a lot of. well some say that the one thousand nine hundred default was due to wrong economic policy but is the current one safe enough you think. the ninety nine zero eight crisis makes what we're seeing is that i would look like a walk in the park i mean ninety nine zero eight the equity market lost ninety three percent of its value last week the russian market lost about fifteen percent

of its value but it was nothing compared to the ninety nine zero russia has moved on a lot for a day you know russia or russia now it performs along saw it a lot of the other emerging markets a lot of alongside a lot of the developed markets and looks through its lead in ninety nine zero eight it was really a case of its own and i have a pretty terrible really did you have to get through it. well russia largely depends on oil prices what else could rock. next ability in this country apart from from the fluctuating crude prices we're seeing now. i think you know you've got economic growth in this country now growth should be even given the uncertainty at the moment going on in europe growth to be about four percent for this year but that's not that's not bad actually in the current environment. the exchange rate is a lot more flexible than it was before the banking system is really quite stable you've got some money leaving the country but again not nearly as much as that it's

a very very different place you know people are investing people are building businesses in a way that just didn't exist in the in the late ninety's we've had ten years of you know there's been a lot of volatility but relatively speaking it's stable compared to the previous ten years well and so what are the chances that the con market volatility that we're saying could spur any serious economic problems here. if it continues you know if if the volatility that we saw last week becomes the new norm then yeah absolutely we're going to be living in we're going to be living through another crisis but you know i think it would be i think it would be very dangerous to as you know last week is something normal rather than something that was you know came out of the blue quite frankly there are very big major structural issues in europe the need to be addressed but the growth that's coming out of places like i and south america and to a lesser extent russia but also russia that's really what's driving global growth

nowadays so you're a pass to deal with their issues if europe can deal with their issues then i don't think the outlook for russia needs to be any think that should be described as a crisis ok thanks very much roland nast partner there and of capital thanks for this update thank you. well that's all we have time for on this edition of our business report but you can join me in about twenty five minutes from.

it is used to. be easy to. see. the. motion would be so much brighter if you knew about sums from funds to crash and some. nice stunts on t.v. dot com.

live from moscow our top stories aviation and sensational brussels fifth generation fighter has made its international debut at moscow's air show buyers and quiet addicts watch as cutting edge air. take to the skies near the capital live coverage throughout the day of the aviation festival. for wobbles on the global markets after bourbon and paris ignored the advice of investors on how to save the euro zone from going under the merkel and nicolas sarkozy once an e.u. economic government are refusing to expand the ballot fund and release. activists say a british investigation into torture allegations is a farce after the government says it will decide whether to actually release the results.