it has been quite good sounds excellent of course and there is room for improvement someone mentioned that we have forty one who is the c.e.o. of investments. provided by british companies but the structure of this investment is far from being. this is mainly related to the. trade and we have to change it is investment bell and and in the field of trade and economic relations we have something to address the results are excellent and i welcome the business community and. the u.k. to discuss with their counterparts the relations of trade and investment. this is very good as far as political contacts concerned will never stop them but they. may be a. really difficult. overbroad them over the years

and we start discussing this issue and the result of these discussions of this complex issue resulted in this visit and i believe that if we have managed to overcome difficulties which existed to but it doesn't mean that we don't hear from difficult topics that there are some topics that. in the which we do for we had quite frank on that and we talk in the board he is acceptable to us from the legal point of view and what is not acceptable to us from the legal point of view as well because we have to base our self on the legal circumstances not the political one. maybe. he can correct me david i i very much agree with that i mean britain and russia have very strong business to business relationships we have very strong people. people relationships in terms of government

relationship it's not been frozen president medvedev and i have had very good meetings over the last year i wouldn't of course we haven't solved every problem as i said in my statement there are difficulties and problems between between the two governments but these issues that we are working on and while we're doing that we don't see any reason why we can't try at the same time to build a stronger relationship and that is what i think today's meeting starts to do and the agreements that have been signed by businesses and indeed between the two governments that discussions we want to have about things like the world trade organization the olympics energy cooperation these are all issues who want to make progress on even as we have the difficulties in our relationship that we don't we don't ignore. it. right here. thank you lucy manning from i.t.v. news prime minister the russian foreign minister has said you should move on from

talking about the litvinenko case will you do you think that britain and russia can have normal relations if it's not sorted out and mr medvedev would you like britain to stop talking about the case and do you think that there can be normal relations of britain does not. but the point i make about this is that as i said there are still issues between the two governments it's not so much a question is whether we go on talking about them the question is there are legal issues and in britain we have a legal system that is independent of the government and those legal avenues have to be pursued in the proper way and government should should help with that and shouldn't stand in the way of that but as we've discussed this morning while these difficulties and disagreements between us remain we're not changing our views on those issues that doesn't mean we shouldn't pursue stronger business relation

stronger commercial relations we shouldn't work together on issues like stability and peace in the middle east we should and work together to try and work out the very best that the world can do the g twenty in cannes it's absolutely vital for russia vital for britain that those meetings are productive that we solve the problems of the euro zone problems of of debt and we get the world economy to move on so we're committed to building a stronger relationship even while some of the problems and issues between us haven't been resolved. we have. i'm sure. the question was do you want britain to stop talking about litvinenko case. you have a motorcycle with. practically fall you know has been said by my colleagues who got in the. killings but he was sure through the. legal. illegal prism any politicisation of these illegals is

harmful they have different to legal framework already. anyway we should talk to each other and we should to look for solutions. but if we. are not likely to manage. to find solutions then we should continue the. case because of the princess in our legal framework but it should. be in our other areas of course we should continue to use the. national legal framework. let's continue. so. i have a question to both leaders moscow and london is that it seems to be the real the un resolution regarding syria but as far as i understand they do you. regard in the

content of this resolution can you explain the way it is so difficult for you to agree in up on that second question have you discussed the counter-terrorism. is it possible the british and the russian. intelligence and special services have frozen their contacts have you discussed this possibility is. just. took until that point we discussed the syrian. i mean the part of our talks we this is the question of where we have different feelings and maybe we are different in our positions despite the practical cooperation between us what is the difference but it's not a dramatic difference about still exists see it from the assumption and so on syria you should adopt such a resolution which should be and balanced and address both parts of syria.

both but. of the conflict the official. headed by. their position and then this case this or is a loose from. there this resolution should be strange and the but that should. lead to the automatic yourself saying there are a lot of sanctions introduced by united states the european union and added pressure is not required today in this area and finally what is more important for me is just that. is allusion on syria once it is a. not so it's on to sort of a result lucian nineteen seventy three is not in the in the sense of it's because they can't on the broad but in terms of its implementation that.

we are discussing this is the focus of our discussion between british colleagues and another caller so i believe this discussion of. the reasonable saying now turn to the counterterrorist operation this is important here are for work a parishioner let's remember what happened yesterday in the united states a year anniversary of the nine eleven terrorist attack. on the world down there which. we have one tragedy and we're here for. you created two terms of the acts of terrorism of the more and that's why this is the course of lee important for our country. russia and. so we have to do everything in my to do.

them chair of the. constructive and the fisher and cooperation in their syria in order to hear from the of practical results so there are two you'll usually information then share this information with our other partners and then there's three that i believe there is in. the. law enforcement authorities but also between. the we are prepared to discuss the practical ways how to do this work first of all on all syria i think there was some some level of agreement that what is happening in syria is not acceptable that what president assad is doing to his own people is wrong that the violence needs to stop but there is a difference in perspective between britain and russia on this issue and we don't we don't hide that we've had discussions because we want to move ahead and try and get a good u.n.

resolution i think that the differences are clearly britain would like to go further we don't see a future for president assad and his regime in syria we think it's a lost just legitimacy and he must stand aside but nonetheless we want to work together to try and get the best possible u.n. resolution to show that the world wants to make a clear statement about what is happening in syria and that's backed up obviously by the action we've taken at the european level where we have put in place travel bans and. it freezes and indeed quite tough sanctions on syrian oil but it's an issue will go on discussing in terms of counterterrorism clearly we have a common interest in combating violent islamic extremism it's something i think we're going to discuss over lunch we haven't changed the arrangements between our security services which were frozen at the time of that indian care issue and that's not being discussed as something that is going to change but i think we can

talk about how we cooperate in terms of combating criminality how our police services how are serious and organized crime agency work together in the future that's something we can discuss as i say over the edge. james and all from the b.b.c. . on the b.b.c. the promise i'm still not entirely clear you how can you come here and bang the drum for british business while the suspected killer of alexander litvinenko has been protected by the russian state i don't know stan how you can park the issue without being accused of putting trade before human rights and can you confirm that you will raise this with mr putin later and mr president if i could give you a question. can you explain why a british businessman should invest in russia when he faces the possibility of

intimidation corruption and an inconsistent rule of law and finally mr cameron suggested this morning that the k.g.b. tried to recruit him on a visit here in nine hundred eighty five. do you think he would have made a good k.g.b. agent. let me. out that last question i think is no let's be clear about that. first of all on the issue of living young. this issue hasn't been parked the fact is that the two governments don't agree we don't agree with each other about this issue and it's important issue to united kingdom i'm not downplaying it in any way william hague spoke to his widow before coming to russia it remains an issue between britain and russia and we haven't changed our position about that and the russians haven't changed their position but i don't think that means that we freeze

the entire relationship what we should do is to mature and sensible countries try and see if we can build a relationship that's in our mutual interest covering important areas that will help us both we both need to see growth in trade and investment and jobs we both want to see progress and stability in the middle east we both want to deal with issues like nuclear proliferation and the danger of arms getting into the wrong hands there is a bilateral agenda for britain and russia needs to be progress that should be progress and there's also a whole set of international issues where we meet together at the g eight the g twenty knighted nations climate change where we should understand each other's positions and try and work with each other it's not parking an issue it's just recognizing there is a disagreement that hasn't changed the two countries are changing their

arrangements because of it but we should work on our relationship beyond it i think that is the right thing to do and that's why when dmitri medvedev asked me to russia i agreed to come and have enjoyed undertaking this visit now for the question about my conversations by the blacks in the altar i will leave it to dmitri to answer. this before the. riyadh in our legal remarks and comics. we all have to learn to respect our legal. frameworks i would like to remind you that it's article sixty five for the russian constitution directly guards russian citizen and there will be extradited. to the foreign states is. legal. and shall we will never happen no matter what would be the circumstances so we

should understand their say respect this because we're here for all so many questions regarding and oh the court decisions are implemented in the territory of the u.k. we are not raise and there's the issue so we have to respect our legal framework and no matter who raises this issue we have the answer would be this same this is not possible please remember this when you now airs for. which. we we implement our corporations business area where in the rush. the corruption should we. pray to rio then it will be very difficult to deal with the main israeli existing. because corruption has. a man takes this theory aware and i. know this. and that's just in the great britain as well but we are prepared to cooperate and there's the end to the

use of it doesn't mean that we are not in it and then to cope with that to deal with it this is a large scale corruption and i'm assured one of it's made drastic a magistrate acoa measures to. another to improve the situation in our economy and the last part of the question pretty much sure that they would be in a very good teacher be edge and but in this case he would never become prime minister of the u.k. . thank you very much. now for more on this we're joined in the studio by political analyst dmitri babich thank you very much for joining us here so i'm let's just it's still too early to talk about a reset in relations like the one we've seen between the u.s. and russia to have one between the u.k.

and russia but what do you think i are the chances for something like that well i think the chance of some very good we've seen that there is a cold you know atmosphere between the two men and i see no unsurmountable stickles basically is the russian side is ready for action it's the british side that keeps raising issues. russia side you know is radio four in a sort of economic cooperation and regard in the last question i think that all business that this was really furring to this situation between b.p. and its partner in russia well you cannot say that this is you know the old. and nasty russian officials say against owners british businessman because the main problem that b.p. has in russia is with its spotless from a law in the whole company of which is old by international businessmen there over russian origin but one of them is in the u.s.

citizen leaving the new york the other one also leaves i would say gosh most of the time so it's much more complicated than the ones that were. suggested by the western press now you mentioned issues in probably one of the main sticking points i was brought up at the news conference here was the issue of the litvinenko case now at this point britain is insisting that russia hand over the prime suspect in that case a man in andrea lugovoy moscow refuses to do this we heard president medvedev saying that the russian legal system must be respected in this case do you see this at all being resolved or where do you see it heading and could it continue being a stumbling block for relations between the two well russia wants to improve relations with britain but not at the expense of some principle. yes that the russian elite yes and one of these principles is not to give up on issues regarding competence the competence of russian authority and not when i don't treat it to risk their political system in russia because just to please britain and i

would like to remind you that in great britain there were actually four people whose extradition the united states wanted one of them the famous i killed a lot of russians in afghanistan in the united states these people face up to one hundred years in prison. and they committed things much more atrocious than. you know what mr will go boy supposedly did in london so basically you know we should always look who is the judge here the russian singles ok now moving on to international issues syria was something that they talked about among the other leg syria libya lots of it the international north africa middle east issues on the table here but syria remaining one of the main stumbling blocks of britain would like to see the u.n. move on this or russia has held back on the u.n. resolution for now how do you see this one of all going and moving forward well i

think russia somewhat conservative stance on this issue and i think russia has reasons we have just recently seen what the song called arab spring led to in egypt it led to their own sake and all these radium but for the first time in years right . so it's not such. a one way nice street. how the events are developing in the middle east and of course russia is concerned which of course syria would take if indeed it has no future with the president. i would like to remind you of that president assad and his father present that minority in syria what would happen to this minority it looks like they'd be. than and let the majority of western countries just view this situation in terms of nice democratic against evil authoritarian regimes i think it's a simplification. russia's president has said that the talks and the relationship

between the u.k. and russia has gone on to a new level what do you think that new level what does that represent what does that mean well the usual russian way of circumventing problems with foreign countries is to suggest that. you know the issues that cannot be resolved right now should be set aside and economic cooperation should continue that was the way out that we suggested to japan and i think a similar always been suggested to great britain i hope that these potent will work and that we'll see russia and read britain having more economic cooperation in future i think there are all prerequisites for it. really great britain is one of their areas where russian elite gets into great into the western elite and rationally it wants to get into great and there isn't a common issue that russia and the u.k. can talk about that's the olympics because the next summer olympics are going to be in london and then afterwards there's going to be the winter olympics in sochi do

you think the two countries can use that as a platform for cooperation i'm sure they can because of course great britain is concerned about security during the olympic games in london and of course russia is concerned about security at the olympic games in sochi so the fact that britain refused to take part in an international panel on security or for such olympics i think it's regrettable and i think basically. the chance us or a terrorist attack against great britain or a terrorist attack against russia. hundred million times greater than an attack of great britain a structural russia against the great britain so we should do view we should be reduced and bush would view the real threats not the measured ones all right thank you very much dimitri and to be true babbage political analyst and your perspective and. business are next with helium stay with us here on r.t. .

hello and a very warm welcome to the business update deals for around four hundred million dollars have been signed during the visit of the u.k. prime minister david cameron to a russian delegation includes blue chip companies like royal dutch shell b.p. and british airways british d.i.y. retailer kingfisher will unveil a plan to open a nine schools in russia total investment could reach two hundred fifty million dollars the u.k. is also expected to sign a deal with the russian state energy corporation which would help u.k. companies will contracts in russia's expanding nuclear industry. among other notable deals russia's state nanotechnology cool promotion is buying forty to fifty percent of the london base pro bono bio for and i'm just close some the financial times describes the company as a new medical company launching the world's first well that close scale nanotechnology treatment pro bono bio plans to list in moscow and london within

four years. tony hayward is stepping down from angle russian oil from the b.p. less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is leaving to pursue other interests in the energy sector the departure comes at a sensitive time although in the piece failed attempt to join with what's next to explore the arctic their lines was broken by the russian partners and b.p. who are seeking compensation through the courts from the british parent company. let's have a look at the markets now oil prices low investors fear europe's debt crisis will harm economic growth tempering demand for rule materials lights which is currently trading at eighty six dollars per barrel while branches hovering at one hundred and eleven dollars. european markets to seeing heavy losses in early trade. it says one

point three percent lower shares in u.k. lenders are under pressure after the independent commission told banks they will have to ringfence their retail lines following the credit crisis so as a lawyer it's a down three point two percent bank of scotland was down three point six percent and is shedding three and a half percent. european debt warrants are weighing on the russian markets as well the indices are extending last week's losses in monday's straight the r.t.s. and the more it's a deeply in the red three point eight and three percent respectively let's take a look at some of the individual share moves in the my six energy majors all losing ground with gazprom shedding almost three percent and look what a quarter of the cent stocks are also under pressure with russia's largest lender setting three and a half cents. and fears a mounting the world is heading rapidly for a second dip of the recession russian finance minister alex accoutrement says it's

more probable now than before the some of russia's balanced budget means it is reasonably well placed to ride out the turmoil but troika strategist chris with us says that will offer only limited protection when the mood turns sour. in reality russia is in a much stronger position today than it was in two thousand and eight so you know the brush is in a much better position to be able to withstand global downturn. you know to to to remain fiscally solvent and stable and that's to reality it doesn't matter the perception is that russia is still a high risk environment in most international investors view russia as a derivative of global growth therefore if they become optimistic about global recovery russian asset prices tend to rise higher faster than others and equally when there's a sell off as we saw in august russian gas or prices will go down probably even faster than the rest. finally a russia pairing to ban small air carriers from running both china to and local

flights roots will be given to the country's major airlines who will also get state subsidies analysts say this could reduce existing passenger traffic by up to forty percent with just a few companies operating in the market the move is aimed at improving russia's poor aviation safety record after almost an entire professional ice hockey team was killed in a plane crash last week. that wraps up the business bulletin new york to date now for more stories you can go to our website archie dot com slash business.

mission to free accreditation free lunch for charges free. range month free. three stooges free. download free broadcast live video for your media projects free medio down to r t dot com. wealthy british style. time to buy the finest. markets why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines do. into.

two thirty pm in moscow here are the headlines political differences and won't be a sticking point in improving russian pritish relations that's the pledge from the leaders of both nations during a meeting in moscow it's the first official visit of the british prime minister to the russian capital after six years of strain tied. italy's disputed fifty four billion euro austerity package enters a final debate in the lower house of parliament but open protests at the unpopular cuts have already started with some areas in the country going as far as trying to seek autonomy. and iran up prepares to officially plug in its russian build to share reactors state nuclear stations the country's first atomic power plant will reach about half of capacity after being connected to the country's main national grid. for more top.