fuel from the pipeline. and iraqi army patrol has found twenty two murdered shia pilgrims in the country's western province the victims were headed to a shrine in syria when the goss was stopped by armed gunmen they were taken to a remote desert area and executed attacks on shia pilgrims claimed hundreds of lives in recent months. france's national electricity provider says an explosion at a mark hole nuclear site poses no risk of radioactive leak as last described as an industrial accident not a nuclear one killed one person and injured four others it's thought to have been caused by firing the sides radioactive waste storage facility. the time now for business of date with you as to. how and a very warm welcome to the business program russia's largest lenders burbank is

seeking to diversify its business and buy into a life insurance company the plan to christian as alliance life a subsidiary of german insurance major airlines though almost all business has been moved to its other russian subsidiary role snow life alliance live still holds all the necessary licenses making it a very attractive because the target the company says the deal is about to be sealed while as burbank insists a final decision has not yet been taken. well the rebels trading close to its lowest level against the dollar for eight months investors are concerned europe's persisting debt crisis could hit demand for fuel and affectively into russia's economic growth the russian currency has lost more than one percent against the greenback in the last twenty four hours one dollar now costs more than thirty roubles just by russia's relatively healthy budget position and the suggest ruble will weaken further as risk appetite round the world remains low. let's have a look at the markets now rising for

a second day on speculation current supplies could decrease last week in the u.s. up to storms protel support sure production branch is trading at one hundred twelve dollars a barrel and lights were just hovering at just under eighty nine dollars. in japan after monday's steep losses the nikkei is climbing following e.c.b. present statement that the region has enough weaponry to stop its jets prices from spreading and saying it's closed for a public holiday on tuesday and just an hour ahead of the opening bell here in moscow and on monday both here are just in the mice it's closed the session deeply in the red extending their mastered sources. looking ahead to the coming sessions michael stein from creature financial corporations the local market will be influenced by commodity prices fluctuations. given the very light schedule in the west and the fact that investors are very much focused on what's happening outside russia many investors will pay close attention to commodity prices in general and

the oil price in specific with a lot of people concerned that will retreat from the current level of one hundred ten dollars a barrel to something closer to one hundred dollars a barrel on the domestic front investors we were watching on the corporate side for the second quarter financial results from bank of st petersburg i will also see second quarter results from the scenario and interest will be the normal cynical board meeting to potentially approve a buyback of seven point six percent of the company's shares in a move which will provide a fair amount of buying support and potential open forms from the most cynical. michael stipe from his courage with his now this is the what we can expect from the coming trading session and that perhaps the business bulletin from all stories head to our website our q dot com slash business.

well when one deals with war for us to realize that this tremendous amounts of damage that are done not just human damage but damage the physical environment in which the battlefield takes place tremendous amounts of damage done by aerial bombs by napalm boy chemicals that comes whether it's part of sonic booms or fracturing

marine mammals or it's the furry more oil field syria or iraq or a good strong core. search for planning purposes the list just goes on and on the geneva conventions of nineteen forty nine states that they are shall be taken in the war to protect fully involved against widespread long term and severe damage to the united states although it is accepted almost all of the provisions of protocol one has taken exception to that that. is.

see. mission. critical free. free. free. free. free. video for your media project. tom. i.

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well back to watching r t live from moscow a reminder of the top stories and a senior national calls on all sides only in civil war to prevent human rights violations well short lived through malaysia now after the fall of gadhafi and some libyans say there are now being used by those who fought for their freedom. at a time when the u.s. is tightening its fiscal belt forcing private jail seek more revenue from cash cow prisoners they are accused of lobbying to expand the american justice system can increase the number of citizens behind bars. ukraine considers the legality of day

trips to the contaminated area around her novel the side of the world's biggest nuclear tragedy tourist visits were banned over allegations they provided unhealthy profits ukrainian officials. next to put the spotlight on a key figure in the yeltsin administration has now had of the russian national technology corporation we ask about the secret of a successful innovation economy. hello again and welcome to the spotlight the interview show on r.t. i am and my guest on the show today is not totally true parts over the last few years russia has invested billions of dollars into the now that's acknowledging something in the visible something very small but something that's considered to be

a very promising take and then a technology is an industry that's said to be bringing russia out of the oil and gas r.e.m. to technology into the twenty first century high tech type of economy but many people say that it's a waste of taxpayers' money since you can buy anything now and local supermarkets so is now the technology really something that will help modernize the russian economy the man who knows this and the tele. the head of ross now know the russian cooperation in dealing with them. on years ago then present president putin but not a college as a scientific study of the highest priority says that dozens of projects have kicked off the trucks and some ten billion dollars of why the state a private investment to coordinate in force of the street from an attack corporation that was created to its c.e.o.

one of the most experienced russian managers who was part of the team divisions or through most who launched the market economy in the post soviet russia twenty years later is making the natural investments work. and welcome to the show thank you very much for being with us first of all the news that ross now has recently launched. a new production line in st petersburg where it will be producing some nano products some ceramic metal ceramics and things like that what was specifically going to produce something clear which is the most important part of any cutting instruments of the i would say cutting edge of the blade absolutely which is normally faced with a mock someone here will strengthen all the marks and parameters. quranic that is something which may increase all of those parameters that's why partners who is the

very will. scientist with a good knowledge of the experience will develop this technology. we. if we accept this ideas and we invest in developing those businesses and just a couple of weeks ago the start of the commercial production of quranic instruments details for machinery we're talking about blade you said mentioned machinery is it going to be like for large machine by drilling or something more like surgery for example yeah well actually the exact of the land we're speaking about then we'll probably use a blitz with a preview. i think instruments like drills and things like that. you first begin to roll the blades were developed in these special technology which based on the idea or the poor on the blades as something which may increase the temperature and increase the pressure pressure which is accepted by the blitz. in the world economy

today is facing big problems many say it's entering a period of crisis or stagnation or whatever. economists and sciences say that future economic growth may be based only on new technologies what kind of technologies from your point of view are these. that can lead to kind of out of stagnation and there's no one of these technologies. or in the great discussion. the discussion of both the waves. in the fall of the theory of because because of knowledgeable waifs russian scientists on that i think. there are number of scientists all over the world was based on his ideas developed in the beginning of the last century they developed the stages theory of knowledge of go and according to this theory the station number five which is good

there is something which is based on twitter communication on a computer or on. silicon devices and the next station that something which may be based on. there is no exact. arguments because knowledge knowledge of that something which is spirit in their search so that something which you may apply in the machinery in pharmaceutical in the basic materials or in no french a macor products in the medical equipment the area of wide spectrum and all was smart church lists materials and much more strength in. future efficiency in economic terms. today to be frank it is again it's not yet a big industry it's again it's you know how do you disagree with visitors. i am wrong

i disagree with you because you first begin to both. we mean something which we may get today in the market you would be right but the fool gets something which is on the stage show the proof of concept or even on the stage or proof or product and may find something which may fundament private change not this small good job but which may change the future industry a little and you for just one example. not a composite materials it's something which has now become the part of the industrial technology all over the world where they start to be accepted mainly in space. the next they are apply in aircraft production if you will to the. boy and so on so on so. you will know that there is about twelve percent of man a competent materials inside of this build if you will think. eight is which is

doable and that there are more than fifty two percent of the materials and that's understandable because the weight of this up sort of critical and your if you save one you off with it's strongly important space number one aircraft number two the next stage this may be ship building next may be at the railway bargains the next stage may be the car production and we'll hear from now a number of the it will name producers who established the program to utilize them on a composite materials but this is the way when something which is started on the very small space shuttle this is something is not in white at least i have hope that that's going to dreamliner will out thirty dealers and save. more that's one option another option will fly foster the thought option it will take

instead of two hundred fifty passengers that will take three hundred fifty percent or so if you have this materials and you are a constructor of engineer you are able to convert it into the into the speed into the efficiency into the energy savings so what they were but bigger on there's the new material there is russia today have the potential to develop such breakthrough technology and that can help the country make certain from from from from the rule material type on a bt to high tech one. i believe that we are. thank you question. part think three classical stage in this question of station number one. can know hip. dysplasia number two maybe there is some thinking. station number three everybody knows so my understanding is now we're coming from the

station and the one from the to the station but to formally hear the country is following news that you might go from there is no one but what is very important what we know i am myself norn into in this process i find a norm water resources enormous resources resources from the trauma of the r. and d. support resurface and all of the skilled people resources into a more the logical progression and it's not not any more school we're starting the project for producing. policy to call in the small b. to cheer on the side beer in one of the district over the region and immediately are flying skilled people. technological experience in our own to support and will produce two hundred and six hundred or four policy to go on in this region and this typical wherever will start a new business in the russia we're able to find resources which is already exist and so that's the country who has this resources. the communist leader of

soviets russia i once said that we will overcome america then mr gorbachev also said you remember we should pilfer as we should develop technologies now mr putin was more modest remember he said that we should reach the level of portugal like catch up with europe but these slogans are introduced but we're still as you said. a moving falling ice the level to what's the problem when will or should a breakthrough happen. because all of us know soviet union economy. was able to produce some great scientific results why the space program. the nuclear program built puddle military high tech military here ok yeah aircraft yeah. but if you will remind yourself some kind of the

technology to which human from the soviet union economy which was which may be applied for the ordinary people because you consume nothing which you love the g d t v you are a car store radio or anything that's sort of nothing so in the soviet union there what does it mean mean that there was a some kind of big drought scientific background to hold tickled the ground or the quantum itself could not produce goods which may be consumed by the ordinary people you state need something of the space shuttle space in the rocket it can be produced but not for the ordinary people involved there was a reserve there was resources but there were no demand. the next stage of the market economy which is based on the demarc so everybody able to go to the shop and to buy a computer unfortunately there will be no trust in computer but the demand is existing and i believe they're the next stage of development of the market economy in russia

that this stage which will create this institutional framework for that in the way of equipment which will create the eco system so that you know we were going to me and to make a long shorter absolutely convience that in the russia in next five ten of us would have absolutely real chances to create more than a twenty first century in the weight of a quantum over the world stoner's says i'm not only should i see all of the russian corporation for now the technologies ross manor spotlight will be back shortly after a break stay with us. like millions of americans i've lost thousands of dollars in retirement funds and i haven't had as bad as many it's not just about the debt it's about needs to.

me ma'am. to. need it. now. since this is my film i get the last word this financial crisis will not be turned off like a light sweet. welcome

back to spotlight i'm algorithm and just a reminder that today my guest on the show is i'm not the only shoe bar ice the c.e.o. of our us nano the russian corporation dealing with national technologies with a country so rich natural resources not in the oil and gas but water. timber who whatever do we need to do these side saying things i mean i mean why do does this economy need them as far as i know and i know it from the newspapers one of. biggest problems is to introduce high tech to governors like in fargo he reasons this country isn't it true they don't want it. actually or there is a way to steal based upon the oil and gas. there's the option which is existing now this the option which is forced. strongly warble to any current of

the economic downturns and second there's the option which is not. employ option to consume unique resources which is would be in russia on the economic social human level existing now and thought that the strategy which will bring prussia to the thought will so that's why to answer to your question. can we leave without it yes we can but that's something which means they are they should my understanding is that what russia needs is not that of the ocean but in the wish and that's the very much the limit of the relationship in the way show where we have to make overtures. if you will continue to go this way and we quality education russia needs quality education many people are talking that there are problems in russia education even compared to the old soviet system is some

participating in developing quality education this country yes we do and we understand that we must. actually i cannot see and i'm disagree there is no educational system in russia that's wrong if you compare the russian indications the stove is cheney's or with india and with brazil rainbird contraception or the war system the same playing differently in some of the best in the world in this way we need to adjust the skills of employees in our project or what. as demanded by the project itself what a what exact style of our educational project normally the moment was the new business project. the educational project to educate skilled people for this project when we start to produce in this. region this political will immediately say mule dinners the start of the project to educate

team which will be the employee in this project we have interviewed a number of people on spotlights russian scientists russian young specialists work abroad and who want to come back to work on russia but surprisingly money isn't what they need isn't what they way they use them how are you somehow interested in the problem of brain drain and what do you think you need to give people to drag them back to russia. well i believe the money is important but knowing tell you the only important the main thing what is the main thing according to our experience the main sink is a real option to implementing your ideas to apply them in the real business process but to give an example we find the team of very young people young scientists who left russia for russia feels to be learned

of the ground from the kind of go on when they live to a job when they develop some very very sophisticated technology in get restructured through produce play to me to it's we understand the scientific result they care for is very interesting and i suggest them to come back in print version of this business and to start to build business in russia based on the ideas which was developed by themselves. the political success all the stuff of production of the russian let me the lens which is now in the beginning of september in the russian shops there's the commercial product in the parameter of the technical parameters of this product is on the level of the best in the war that's on the level of creatives that's a little of austin and that's an example so when you give the option to implement theoretical and devious to put them in the real practical business that's something

which is even more important than just what i know you would mention the led lamps about the new production because many people say that you mention consumer products so many people say that this these lamps are the first and the only consumer products today that's manufactured with the help of now is it true well it's not. fair for more examples but that's true that morse the war product is no applause. she would be reasons. but i will you be working on more and more consumer items things that these things can the can be sold well in local stones in supermarkets print i don't see it as a prayer it's something krishna my me the. vicar of group a and group b.

group a is important will be is not important for me because if there is a consumer business or consumer ordinary people i will support this business or so that's why i wouldn't consider it as a priority you recently showed in other products the electronic reader you showed it you introduced it to to the russian prime minister and you said that this is something that may replace. paper books in russian schools. more about it do you think that this really me become products. that will that that will make famous among schoolchildren. some of those go to become famous or will become official and the first i should say about this project to. feel a huge respect to those with the will of the project the project has the will in kemp.