a very warm welcome to you this is live from moscow with me rory sushant seven years of behind bars and two hundred million dollars to repay the sentence for ukraine's former prime minister yulia timoshenko for abusing her with or he while signing gas deals with russia. is following the events joining us now live from outside the court where the supporters have been a hold in scuffles with the police i was saying a moment ago and actually other the crowd have dissipated a little bit but certainly as there's been some high emotions running that seven years in prison now you'll feel. well definitely her sentence in full means that she will not only spend the next seven years behind bars unless of course she appeals against the decision but you also have to compensate for the two hundred million u.s. dollars in damages which the court believes she inflicted to the ukrainian budget also understand that her property will have to be confiscated and after she spent seven years in prison for the next three years she will not be able to have any

government the post or have any government to work in the government or anywhere in the state parties this is of course something a little bit unexpected from by many experts because many thoughts of the last minute that timoshenko would get a five year suspended sentence which would set her free immediately but would rule her out from any political campaigns in the parliamentary election next year or the presidential election twenty fifteen now we received the news that she got the seven year sentence this is definitely the plea of the prosecution so she received the sentence in full the our lady of ukrainian politics says she was commonly known just several years back when she was the country's prime minister reacted with indignation to the ruling by the court saying that the ukraine is now back to the nineteen thirty seven to the times of the soviet repressions and that she said she will continue fighting for the freedom crane even from behind bars so. the

situation with tymoshenko is still unclear we do not know for sure whether she would be able whether she would be eligible to appeal against this decision and we are certainly waiting for any comments from her lawyers and from the prosecution as well. and her supporters for quite some time now and saying that this case is politically motivated and any truth any substance behind those stay. they fact have been claiming all along that this case is politicized through and through they've been in fact calling this particular day the verdict reading day as the dooms day of ukraine's democracy meaning that shoot tymoshenko be sentenced to some time in prison then that will be the end of democracy in ukraine president don't you the coach on the other side has been saying that this case has no political background that this is a purely criminal case and in the latest interview he said that he didn't care at all about zuma sankoh fate also there have been very sharp comments coming from the european union and the latest one from miss ashton the foreign minister of the

european commission who said that should get a prison sentence that a possible deal on association between the european union and ukraine would be canceled also we've heard very interesting comments coming from moscow in the wake of the accusations that tymoshenko that the gas deals which she stole his truck with russian two thousand and nine were unlawful moscow is adamant that these deals were signed in full accordance with the two countries laws so this is definitely a mounting block and nobody knows who's right and who's wrong here but for now the tension the simmering tension has been dying down for the last hour with no violence no clashes in the street but the situation still is that knife's edge with thousands of protesters here and many more thousands of police troops also blocking the roads and blocking the protesters from attempting any violence we are monitoring the situation and we'll be updating our viewers both live on on air and on our twitter r.t. on the score coleman to get on the score r t r alexy we're now getting reports here

at all t. that the e.u. could actually review relations with ukraine given this verdict on a team in shanghai will be checking with you throughout the day to get details on this i like to ask you many things. well the e.u. has i condemned him a shaker sentence for saying it could as i was saying reconsider relations with ukraine in response president victoria on a covert action is to to hold talks in brussels next week over an association agreement which is a first step to joining the e.u. john laughlin from the paris based interview for democracy and cooperation is skeptical about whether that will ever happen but trace the history of three hundred years of. trials of former heads of state and heads and former heads of government and generally speaking i have to say that i am a skeptic about these trials. i'm no supporter of yulia timoshenko but i think that it is very dangerous to use the criminal law to adjudicate acts of state

and this is what has happened in this case the european union has already made it clear that if you use this trial very dearly it takes a very dim view of this trial doesn't like to see opposition politicians put in prison and i think there is every chance that the european union may take some strong measures such as freezing the talks with ukraine on the other hand. frankly there is no chance at all of ukraine joining the european union the idea that ukraine at least in effect in the next ten or fifteen years so these negotiations i'm afraid are really just for form's sake they don't have any real bearing on reality. you with us you live from moscow still ahead for you in the program here the eurozone hangs by a thread slovakia votes on a crucial deal which could decide the fate of the debt to european nations and plans to bail them out. now reshuffling the

world's political stage russia's vladimir putin and his chinese counterpart are looking to lay the first of bricks in beijing today russia's prime minister and china's premier wen jumbo signed deals worth an estimated seven point one billion dollars the agreements range from aerospace to nano development and large energy deals are the two sides say they've overcome differences over oil supplies and china has agreed on a new pipeline from russia there is still however the issue of gas with no news yet of a resolution in the longstanding pricing dispute for more on the much hyped meeting his auntie's were going to cost. this is prime minister vladimir putin's first visit since announcing his cabinet see in the upcoming presidential elections and this i'm a signal a change in focus for russia for many years the west has been dominated in that political stage for russia china's economic progress may have been the sense many

analysts are saying that the strategic partnership between the two biggest and fastest growing economies could shift the power balance in the world now both nations have supported each other throughout the years on issues related to sovereignty security and development they also have similar political views and we've seen this just recently when both of them a veto the european draft the u.n. security resolution which was condemning syria and was suggesting that it could face sanctions if it continue this crackdown on protesters both the countries are also members of the brics alliance along with brazil and south africa and the continued economic uncertainty in europe and the u.s. have seriously undermined the dominance of all of europe and the u.s. all of the world political stage and it has cleared the way for emerging powers such as russia and china this year china has climbed the back up and passing

germany and it's now russia's number one trade partner and actually. said that he expects that number this year could reach seven be a billion dollars and by twenty twenty that one that number to grow to two hundred billion also the russian prime minister today is expect that's a sign a sweeping cooperation on technical modernization and what this means is that china will benefit from russia's leadership in nuclear energy space and aviation now russia on the other hand will take advantage of chinese superiority high speed rail transport power generation equipment and alternative energy production and officials from both countries. i've actually said that this is the best a relationship has been in years and today will of course be an other opportunity to strengthen that. i know it's got some more details on this so just how strong is the russian relationship or now i'm joined by sato a consultant and professor at the sate business and imagine school life in

barcelona thank you for joining us today professor so during the last years of the cold war relations between russia and china were abysmal with multiple episodes of border violence today we're seeing historic highs or do you think that given given the past can it last do you think or yes hello thanks for reminding me. i think i'm seeing. a lucian of this relationship i was in in one thousand eight hundred nine the former president gorbachev. and so i've been saying that our . relationship is a matter of the circumstances now are different and we were talking about afghan is the presence of troops in afghanistan or. there were issues of for. chinese frontiers of. now this was all going to different world i think.

the relationship. now is lasting and will last there will reinforce i don't think it is a threat for the rest of the world i but you you say you've seen over the past twenty years you've seen a big shift in the relationship you're saying that there's more cooperation more bilateral movement for the two major players here but how much of this cooperation is forced i mean let's be honest here both china and russia are rapidly growing economies and both need each other. yes we need each other. it is good for the war that is good or multiple or i think they might have a live in the future true but it's not going to be the thought of our generation there are a lot of complimentary fears about still the relationship they have with other far worse for comparable and from even more significant for example for russia the european union is still very lose our nerve for china.

and creates i'm talking about and i'm talking about the united states and south korea very important because our source of knowledge it is relationship china russia still cannot produce but when you when you when you talk about this relationship or not being able to produce all those that are needed with the ongoing financial storm you mention of america moment ago where you the u.s. has been suffering the eurozone has been suffering for quite some time now are we seeing what could become a rifle economic and political union blossoming in the east do you think. no i don't think so we don't have to be afraid of the of the of france coming from that is when i say from the european union or from this person in barcelona for example russia and china i do not believe in that they have the real problems of all we've been talking of art of so full of china for the european union so many more in danger enters like greece italy in other going to the south but at the same time

there are analysts in china saying think here we are still a third world country we cannot start solving the problems of others notwithstanding the fact our problems because of the world and because the european union is china's main trading partner so i think there is so r.'s feel a lot of room to say. down and russia are not certain or will it serve as significant pressure and they're not willing and not on the rest of the world. all right there are some who are professor and consultant are at the a side business and management school many things thank you. there being reports now of police beating war veterans during a peaceful protest in the u.s. city of boston the demonstration was part of the occupy wall street movement which is aimed at big business and bangs the protests which started in new york and now nationwide. who sycophant of has been closely watching events. but we know about

the situation in boston as far as about a fifty to one hundred protesters have been arrested we heard reports of about a thousand people camped out there especially been such a mass a fourth quarter for this movement in boston that there were two separate tampa areas where a protesters were demonstrating one of them got raided by the police just in the main we heard reports about of police officers actually breaking down the tents confiscating prop property at the most so i guess egregious act that we had witnessed was an actual physical confrontation between some of former veterans of the vietnam war at least one of the gentleman that we heard about was seventy four years old there is a video of him getting actually violently beaten down by the police so very very unusual situation is something that was actually very closely watched here in

downtown new york city where of course the original so called occupy wall street protests began that of course our tea has been covering since september seventeenth now they were live streaming some of the action here are a lot of the protesters very outraged that the actions that were happening as several have actually left new york to travel to boston to show solidarity with some of the protesters out there we do know that these protests are spreading we do know that the police are far more aware of the fact that there is assisting towns across the country there are more and more cities seem to have their own who now so-called occupy wall street moments that have sprung up including in los angeles of course where artesian own lindo has been posted and he had actually captured some of the action on the other coast and brings us the following or or it. was. bad protesters

took over a bank of america bringing. in los angeles and we're willing to get arrested in order to send a clear message to wall street he was to say that you think. you owe money from the land and we. want to have thousand people have taken to the streets of los angeles now this movement a group of people from occupy los angeles in solidarity with high wall street and we have here people who have just been foreclosed on plenty of police here in force in order to keep this crowd in check the anti-corporate mobilizations which started in new york are spreading and now some of the most of fact and by the nation's economic crisis are joining in rose goodell received an eviction notice after falling behind on her mortgage payments i haven't paid work and i was told that i was i have nothing to get over and i am very sorry that i also know in my pay she believes that this type of political action will bring results they've been really

governing out of but i'm very much thank you and there has to be a dad and i think this is just that and that just the way from struggling homeowners to the unemployed people of all walks of life are becoming in boulder and by the recent street demonstrations we had to go. some idea of they could not make. that a basket javier side of me and used to work at an auto parts plant he's part of the four point five million people who have been unemployed for more than a year now this father of two is struggling to hold on to his home diverse groups have made up the mobilization in cities across america in recent weeks as more people become inspired to vent their frustration with our financial and political institutions. is that oh ok for you right there are

there's still uncertainty about whether these protests. this will cause direct change or whether other self interested groups will try to capitalize on the popularity but it appears that the financial state of the nation has helped motivate americans to take democracy to the streets i don't think. this is. los angeles. archie. and i'm going to go twenty minutes past the hour here in moscow you want watching our mind if you want to catch up with our news stories just i go into. a quick look now at what else is waiting for you there online the inventor of the iconic a forty seven wins case in a swiss court that's off the name of his famous kalashnikov rifle comes under attack from a drinks company. and the siberian so much for the secret watch

an expedition heads out into the wilds of russia to find out if big foot really does exist. now the eurozone is painfully close to accepting a new bailout plan for debt strapped nations the final step could be a tough one tony is the stumbling block the last country to ratify the agreement and push the deal through. has been investigating this story. greece might are being smug bang at the center of attention recently because the euro is in crisis rumbles on another member states of being asked to vote on the european stability fund we take a look at how these other countries ok playing with the pressure all eyes are on slovak here today to see if politicians will vote positively on the european stability fund to aid ailing countries like greece as the last member state viki's decision is crucial but take a look at this t.v. ad for a populist slave beer it announces to want to borrow from everyone that is greek

not wanting to lend to grace that is slovak a tongue in cheek has captured the mood of the people here perfectly. here is not a rich country we need money for our health care system. for our elderly. as the second poorest country in the year is a new reason why they should help the richer nations who they view as having spent more than they could afford and political dissent is met there is uncertainty about whether the leading coalition party will be able to get the votes they need for the bailout funds to go ahead the approval of all seventeen countries that use the single currency is needed. or not. i see there's a strong pressure from from other european countries and. probably.

if it does approve the plan slovakia would be expected to contribute about seven point seven billion year a to the pot which would taste about four hundred forty billion euro but with year easing countries like spain and italy making increasingly unstable many critics are saying that even this will not be enough to deaden every so often. the final solution to the problem and they say it will take these marches but this will be the end of it and it's like the end of the tunnel that will come out and what we see is an endless. austerity. depression. leading to more measures depression and people realize now that you've got to break out that despite facing an outpouring of public discontent germany managed to pass the measures at the end of last month but in survive here many have remained strictly it pays to boosting the fund that taxpayers paying a penny. see the situation is not sustainable in greece.

amounts to be pledged are so huge that it doesn't make sense and they see that it doesn't make sense to place them and i think it's like politicians we all see that there are also other alternatives but look at the czech republic they don't have euro they are doing quite well they don't need this common currency and at the same time that they don't have to pledge money and some of the other countries the decision of the small member state today could have a big impact on the plans for the bad out fund because the debt crisis continues to be felt in the richest member states to the poorest is no global concern about just where this is going to and. with art in our back to our breaking news story this hour for you a court in kenya has sentenced former ukraine prime minister yulia timoshenko to seven years in prison she was found guilty of abusing her authority while signing

gas deals with russia as well as causing a state losses of two hundred million dollars the e.u. meantime is condemned timoshenko sentence so let's get more details now and across live to across one of them brussels r.t. daniel he's going to give us the latest reaction from there daniel what else are that that the e.u. officials have to say about this the e.u. foreign policy chief catherine ashton says she. is on the pain of this may actually reassess its whole relations with here now the head of the ukrainian occur which is expected in brussels we thought about an association agreement with the e.u. which is one of the joining the european union but the european commission originally said that the commission who already may be politically motivated is. expected from him although ukraine was enjoying the european union only today the european commission that it had hoped for has been written. about changes to ukraine law so

the culture to rest but sure that situations such as the financing arrangements don't happen again we just heard the head of the europe you all know he also regrets the commission and he expects this review now on appeal all right artie said daniel for sure there are life for us in brussels thank you all right out of our hourly update here the business news is next with an eatery. then welcome to the program russia and china are creating a joint investment fund where up to four billion dollars the deal will be sealed during a prime minister putin's visit to beijing the start up will be joined be run by the russian direct investment fund and the china investment corporation each has already allocated one billion dollars to the project at least seventy percent of

the fund money is expected to be invested in russia and for my c.i.s. countries. well in further effort to boost trade beijing has just announced its decided to cancel exchange fees between the u. one and the ruble to talk more on this i'm now joined by jacob now chief economist for morgan stanley russia thank you so much for being with us thank you so do you think that russia and china are actually moving one step closer because they've just cancelled these fees they've been establishing direct exchanges between the rooney rule and do you want are they moving to full converts ability to it's a bit early to say that i think that there's two big reasons why fool you and convert ability is maybe five years away the first is that currently the one you were on is undervalued if it was traded at its free market price it would probably appreciate by twenty to thirty percent and you can see that in the peak current account surplus is that china runs they've started to let the one

appreciate again after a couple of years where they held it for us and during the crisis so in the last two months the u.n. has appreciated against the dollar whereas the ruble and most other emerging market currencies have fallen sharply so in till it gets to a fair market value i don't think you'll see freely traded and the other reason why they're going to move slowly is they're concerned about control and if the external value of the un is set by the market by the decisions of central banks to buy you one or not then they will. lose a measure of control so i think it's a medium term objective but this is symbolic it's important it's opening the way through swap facilities between central banks but through agreements between exchanges which will help exporters and importers operating between china and russia what do you think about this investment fund this is as symbolic as this move to cancel exchanges fees because a lot of investment is already coming from china it is the number one trading

partner for not so much investment yet but in trade it's just become the number one trading partner it's ousted germany from the top place so i think this is very symbolic because although it's only about i think ten or twelve percent of russia's trade in fact china is the marginal buyer of commodities that means that chinese demand is what determines the price of oil and gas and alamy and many other commodities in the world markets so i think it's appropriate that russia should be trying to strengthen its trade and investment relations with what's becoming its most important trading partner do you think that russia is now actually moving more towards the east than its dealings with europe well i think this is a longstanding policy the escrow pipeline the east side theory and pacific ocean pipeline still being built arm and the talks on the gas pipeline to china are making progress i understand and i think that this is a natural development of the trading relationship between china and russia which

has been remarkably weak i think for many years so i think the opening to asia that's underway is a reflection of the growing economic power of asia and it isn't something that started with mr putin's visit today but it's certainly something that i think he's seeking to accelerate right now thank you so much that was chief economist of morgan stanley russia jacob no talking to i think it. and i'm afraid that's all we have time for in this edition of business join my colleague cutting medicare will be in fifty five minutes time with an update. to.

wealthy british scientists not. tied to the ties. 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 tune into cars a report on our. world. bringing you the latest in science and technology from the ground floor should. we dump the future of coverage.

this is our. breaking news a few. supporters are in a. courthouse. in boston protests turned violent. during a peaceful demonstration people all across the u.s. joined a movement of big business and. the fusion of a new global voice to. build a union to challenge the political. fate of the euro.