tv [untitled] October 11, 2011 9:00am-9:30am EDT
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test yourself and become free. see what nature can give you. the. breaking news this hour here on r t ukraine's ex prime minister is sentenced to seven years in jail for abusing power when signing gas contracts with russia and the verdict sparking clashes between her supporters and colleagues. going east moscow and beijing boost the cooperation of china becomes the first country of lot of made putin visit sapa stating he will run for the presidency next year. and america is anti corporate protests in boston to meet a fierce response from the police who reportedly war veterans taking part in a peaceful rally.
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global news twenty four seven this is r.t. live from moscow with me rule recent shake straight talk breaking news this hour ukraine's ex prime minister is jailed for seven years yulia timoshenko was found guilty of abuse of power while signing gas deals with russia two years ago. following events for us now live just outside the courthouse there in kiev a good to see you alexi so we've certainly seen the footage of scuffles going on there at this point what how is the crowd but the crowd reacting to the latest. well the simmering tension of several hours ago has now downgraded to just bragging from the stage which we have been indeed witnessing for the past several months with the two sides of the protests breaking each other saying things towards each other but just several hours ago the tension was very high in the streets here in the streets of kiev in front of the court when protesters those who are supporting
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you to try to organize a march through the street and they were quickly dispersed by the police there have been no cute violence only some pushing and shoving but the tension was certainly high and could have exploded at any minute now we see that the tension has calmed down the crowd is slowly dispersing the police has diminished their numbers as well but certainly the situation is still a nice age and we do not know where it will go for now i understand that the people are resolved to just be getting the court building and that's what they're planning to do for now without taking any drastic steps any violence now the day of course has been very tense in and outside the courtroom inside when the judge was reading out the verdict yulia timoshenko was furious with the verdict she was to hear she was over shouting the charge screaming abusive things of him saying that his decision is not done in accordance with the legislation but was orchestrated personally by president b.p.
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on the polish and indeed reaction was very much furious. the retiring regime originally i think to me the trial showed that the constitution and justice had been trampled under i want you to begin the struggle it's a very difficult and important moment we have to protect ukraine against real story tarion regime don't give up. it is still unclear whether this is the end of the story where this is the end of the state or she will spend seven years in prison in fact because experts are now speculating whether she would appeal against this verdict or even possibly that president chemical which could sign and amnesty decree for you that was able to be released so many variants are being speculated by experts right now but for now we know that she will most likely spend next seven years in prison she will have to compensate more than two hundred million u.s. dollars in the loss which she delivered to the iranian budget and also her property
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will be confiscated and as well we understand that after being released from prison in seven years she will also be prohibited from taking any governmental job within the next three years so the situation is developing we are waiting for comments from the european union from russia and we will be updating all of us with all the latest information as we get it. right out of the courthouse and here thank you talk a lot to base but it has already received critical reply from the european union officials with calls for the e.u. to rethink its relations with ukraine. reports from brussels. there's been a whole stol reaction from the people in europe here the european union's from policy chief catherine ashton says she's been following the verdict and that the european union reassess its whole relations with key of as a result of this verdict we've had the e.u. saying it's deeply disappointed with the judge's decision and the e.u. commission i did their exit consequences for by that relations and earlier today
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the european commission said he hoped for a review of this of this verdict on appeal i mean we've wanted to see changes in ukrainian law so this sort of case contact and again the head of the european parliament regrets the verdict often the show and is calling for a review of the case on appeal the ukraine most into the european union has been discussing the free trade agreements and the ukraine president is actually due here in brussels next week to discuss the first steps to joining the european union but the sound we're getting here from brussels is that this may be put on hold and in fact stopped if if this case is not reviewed let's now listen to an expert for more details on this case but your opinion has already made it clear that if you search this trial very carefully it kicks the great trial it doesn't like to see opposition politicians in prison and i think there is every chance that the european union may take some strong measures such as freezing the talks with
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ukraine frankly there is no chance at all of ukraine joining me here so there were serious doubts about whether key of would actually go through with the ukraine would actually be able to join the european union but this verdict on yulia timoshenko really seems to put the entry of ukraine into the european union in the long grass. i don't see that under bush right there and so yes now for more insight on the verdict and i'm joined by editor in chief of business new europe and iris and then joining us from brussels we have m.e.p. at member of the european parliament of foreign affairs committee richard thank you both for joining us today here on how it see there richard i'll start with you there's a chorus of criticism of from the european union officials concerning the verdict how do you think relations between ukraine and the e.u. could be shaped by this event. what i think catherine ashton speaks for so very strong reaction across europe there appears to be
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a politically motivated trial that does not meet international standards and independence and fairness cannot be something that is supported by us in the e.u. and you ukraine's potential membership the european union is some years away and i think we shouldn't pretend otherwise but we do once the countries in europe cease to neighborhood to get questions here not just in terms of membership in terms of european values like the rule of justice and this is a clearly an extraordinary setback and i do think it is quite possible that the invitation for president yanukovych to come here on the twenty eighth of october will now be withdrawn now you are saying moments ago this is a politically motivated vote here. russia claims it's got agreements with ukraine was signed fully in accordance with the law or what so what's behind the case then i think it's back to old school politics isn't it i mean the abuse of administrative powerful political ends and to my mind it's all circus of overkill
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and so much is because the goal of the whole trial was to exclude her from the possibility of running in the elections next year and they've come down on a ton of bricks i mean and any of it is it's such a pitiful in church i mean abuse of office and something hasn't benefited her but syria if he she would could go oftener than one investigator stinson's class minister you know the money that she's are accused of taking they could have killed further into a pastor to find something to convict her on and you're saying this is politically motivated if i if i could just cross back to what richard how it was from the euro commission say that they hope will be another outcome regarding the case decision to appeal the verdict here can anything be changed do you think in the in the sentence. well i think it's common belief here in brussels that this is a politically motivated trial and that means there if different orders from about were given and there was
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a genuine fair open and independent impartial trial during the appeal and then maybe a different verdict would come in and the european union does want to sit back we want ukraine to improve we want democratic transition right in ukraine and within the neighborhood and so for us to press not just simply to criticize the fair to day to press for an appeal which has international standards of justice answer press during the presidential elections next year in ukraine from to be able to be a candidate just like anyone else we don't face there either we simply want democracy to flower the idea that this is simply an attempt to tar her from taking part in those elections i'm afraid that has some credence i agree with bad i'd say europe must concentrate its people matic fire on saying the appeal beats should must meet international standards the way the way today's court verdict is you're saying would you give me to him any better sitting here in the studio and nodding
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in nodding his head. i think he's put his finger on it and some of europe would like to see some ocracy in ukraine flour i mean ukraine and an enormous amount of good will for in the orange revolution however i think today we've seen that flour die i mean you know. you sent her to machine code to a school and a lot of that could will but now with this this verdict you know we've come back to form and that's you know and he's and he says of open democracy seems to be crushed but he's facing the maximum of seven years in prison he also said three years barred from doing any government job working in the government there i've seen some analysts who say well you know she may be good she may be down for a few years so she could be the ultimate phoenix that rises from the ashes your thought she is a real political fighter i mean she is a firebrand extremely turner a person. and you know this could be turned to and so much is that it gives her the credentials of all of the revolutionary people she was sort of she kept true to the faith and hasn't been squandering her or so serious of political sort of human
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shield she has managed to keep a clean image and this was you know she's been murdered so is that she's been martyred to some sense who she goes behind bars but you're suggesting her supporters will stay in her corner will continue to continue to rally in a corner if i may just go back to richard howard one more time are your thoughts on a possible a phoenix running rising from the ashes mr howard. well you know i don't want to be in a position where we're saying she wants to take what we want to see is stability to moxy respect for human rights and the rule of law there is no doubt after she was in prison before or during the orange revolution times that actually that increased popularity amongst the crowd in public so i won't be surprised if that happens but i think what we want to say before all of that directly to the iranian regime is we spent four years negotiating this trade agreement with us we're in the final stages of that is to to come here to the european parliament as soon as next year all of
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that people will be frozen and put on ice and last ukraine returns for the powers of democracy human rights and a fair justice system on mr how you mention the issue of the whole gas deals and the gas wars that we've had for the couple of years now if i could stay with you in brussels do you think that ukraine could use this as a as a stage as a stage for reviewing as a gas field with russia. the irony if a politician seem ashamed to be more western oriented being beaten by a politician in a coup victory would seem to be more russian oriented and then to be prosecuted and found guilty for being too proud russian in achieving that deal on behalf of their country really is breathtaking and it's very clear to me that where if you think back to two thousand and nine the cast taps being cut off a huge energy problem in ukraine and in fact for the european union it as well
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because of its nature as a transit country mr machine quite clearly through all of us was doing a job on behalf of her country to try and actually have a crisis and so for her now to be found guilty of in some way. committing a crime by doing that will not be understood and will not be supported across the european union and it's why you ukraine has called this one very very wrong so you're saying that ukraine's call this wrong response is me your officials are saying they want to see this readdress up and finally to you there are some that are saying a promise to howard as well the ukraine will use this case as a reason to review its gas contracts with russia and start potentially another gas war how do you see that very unhappy with the deal and to be to be fair the deal the initial persona is very generous the problem you understand is castro's most profitable business moment but you know they're facing a recall election so much as the north stream pipeline that's just come one line
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which is going to start by person ukraine from next year and so ukraine's position is getting weaker and weaker. they have to achieve just the fundamental problems which is you know the wasteful use of energy that they have. started putting their own energy resources. from a business and you're benares i mean the studio here thank you very much indeed and a british m.p. richard how it many thanks to both of you for joining us here on r.t. . all right over we will continue to follow the developments in ukraine and the international reaction of course all throughout the day here and i see that also look at this hour we'll be speaking to a political analyst a museum stay with us for. you are with r.t. russia and china are boosting cooperation in a bid to balance out the economic and political dominance of western countries prime minister vladimir putin is in beijing to solidify diplomatic ties and overcome trade hurdles but his main of course ever is following the landmark meeting for our team. it's important to mention that this was prime minister
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putin's first visit since announcing his candidacy in the upcoming presidential elections and some say it's a signal of change in focus for russia for many years the west's accent's are stage in the country's political agenda but china's growing economic progress has more school in the east and many analysts say that the strategic partnership between the world's biggest and fastest growing economies could shift the balance of power in the world both nations have supported each other throughout the years on various issues related to the security and development and they also have a similar political views which was proven just recently when they both vetoed the european draft the u.n. security council resolution condemning syria will vladimir putin didn't come alone here he came with a huge that legation including russian the business tycoons who were all here looking to make deals with local businesses and the result of that was seven a billion dollars worth of agreements with so many headed by russia's bank which
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also committed suicide mission and investment fund and of course energy has always been a major priority and both premier said that they have finally resolved all their disagreements and issues relating to or oil oil of russia's oil supply but it's a slightly different picture when it comes to gas where talks have been a lie again and the premier said they're now in the final stages of negotiations thought there hasn't been a resolution there yet another key focus of a bilateral trade trying that has climbed by probably even germany to become russia's number one trade partner and prime minister vladimir putin said he's confident that this year's great turnover could reach at least a seventy billion dollars with the overall goal of being two hundred billion dollars twenty twenty so a lot of high hopes. for. both premiers and. paul and i have established
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plans or will make sure that they all become a reality point out here in the course of our right there now and it's pretty close of the business let's go to korea to tell us what is the significance of today's meeting in china from a. business perspective well we're going to look into russia and china creating a joint investment plan worth up to four billion dollars at least seventy percent of that fund money is expected to be invested in russia and the pharmacy as country told me in seven minutes or more on this. i do want to live from moscow some reports of accused boston police of beating up war veterans taking part in a peaceful occupy boston protest officers moved in after demonstrators expanded their footprint in the center of the city and the movement started in new york is quickly spreading all across the country with people objecting to big banks being bailed out to be expensive average americans counties and you see a funnel reports. what we know about the situation in boston thus far is about fifty to one hundred protesters that have been arrested here is may actually be in
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session basso but some were more when this movement in boston that there were two separate camping areas where protesters were demonstrating one of them got raided by the police just named we've heard reports about oh you saw officers actually breaking down the tents confiscating property the most so i guess it really just sat that we had witnessed was an actual physical confrontation between some up 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 their push our team has been covering since september seventeenth now as these protests. are spreading throughout the country there's
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a lot more support for it and of course it's not so much about the protests as the underlying economic situation that's needing to be conditions that are urging people to take the streets they are tired of what they call that russian wall street corruption in washington and they feel like the economic system no longer represents them and many of the people that i've spoken to here really just don't feel like it so it's a democracy it's that it's a kind of country that they thought that they regionally were living in people are trying to take a stand for what they feel is right. in front of reporting a lot of people across the u.s. express their frustration chis reporters getting to the root of the relentless financial crisis right now a quick preview for you of what's coming up later today. those are of accounts from old ladies sitting on fortunes and every single month they get their statement and they get out there magnifying glass and they try to figure out of the bank stole
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money from them this month that they're very good at doing it so they can pick it up and there are other pension accounts for their teachers or their firemen remember all these public workers accounts they're being vilified because they want a living wage meanwhile their pensions are being destroyed by bank of new york and other banks so they're getting really gangbang from both directions. so i see because reports throughout the day say the eurozone has only one thought on its mind it today that of slovakia the last country to ratify a new bailout plan to rescue heavily indebted european nations now the green light is hanging by a thread as one of the blocks poorest countries appears in doubt of what was a part of the costly package sarah ferguson following a story. greece might again hang at the center of attention recently as the year easing crisis rumbles on another member states are being asked to vote on the european stability fund we take
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a look at how these other countries ok playing with the pressure all eyes are on slovak here today to see if politicians who vote positively on the european stability funds to aid ailing countries like greece as a last member states vote slovakia's decision is crucial but take a look at this t.v. ad for a popular slayback beer it announces want to glory from everyone that is greek not wanting to learn to grace that is slovak a tongue in cheek has captured the mood of the people here perfectly. crowded here is not a rich country we need money for our health care system brought homeless for elderly . as the second poorest country in the year is a slave axeman a reason why they should help the rich nations they view as having spent more than they could afford and political dissent is met there is uncertainty about where the bleeding coalition party will be able to get the votes they need for the bailout
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funds to go ahead a preview of all seventeen countries that use the single currency is needed. a member. or not. i see there's a strong pressure from from other european countries and. if it does have preferred plan slovak here but expected to contribute about seven point seven billion year aid to the parts which will taste about four hundred forty billion euro but with the year easing countries like spain and italy making increasingly unstable many critics are saying that even this will not be enough. every so often. it's the final solution to the problem and they say it will take these margins but this will be the end of it and this right end of the tunnel will come out and what we see is an endless. austerity. depression.
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measures depression and people realize now that you've got to break out about this point facing it outpouring of public discontent germany managed to pass the measures at the end of last month but instead of back here many have remained strictly pays to fund taxpayers paying a penny. situation is not sustainable in. amounts to be pledged are so huge that it doesn't make sense and it doesn't make sense and i think. we'll see also other alternatives look at the czech republic they don't have euro they are doing quite well they don't need. common currency and at the same time they don't have the private money and. the decision of the small member states today could have a big impact to look plans to the plan that fund because the day crisis continues
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to be felt in the richest member states to the poorest there's no clue about just where this is going to. stay with us or. other persons. and welcome to the program good to have you with me russia and china are creating a joint investment fund worth up to four billion dollars the deal is to be sealed in the course of prime minister's puts in a visit to beijing the start up will be jointly run by the russian direct investment fund and the china investment corporation each has already allocated one million dollars to the project at least seventy percent of this money is expected to be invested in russia and for my c.i.s. countries. now in further efforts to boost trade beijing has decided to cancel exchange fees between the un and the ruble however despite being crease trade
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volumes could now chief economist from morgan for morgan stanley believes the fall convert ability to the un is still some way. there's two big reasons warry fool you one converse ability is maybe four years of work in the first is that currently the what you were is undervalued and if it was traded to paris for free market price it would probably appreciate for twenty to thirty percent when you can see that in the big current pale surpluses that china runs they've started to let the one appreciate again or for a couple of years when they held it for those ensuring the crisis so in the last three months the un has appreciated against the dollar whereas the group although most of the pollution market currencies are falling shortly so in turn it gets to a fair market value i don't think you'll see it from freely traded and the other reason why the move slowly is there concerns about control and if the external value of the yuan asserts by the market by the decisions of central banks to you
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while the norse then they will lose a measure of control russia and china have finally sorted out their long lasting route over all transportation tariffs that's according to the prime minister either situation chinese c. and p. c. underpaid russia's trance near around twenty five million dollars for all supplies claiming the transportation fees too high earlier transnet threaten to go to court and chinese partners didn't pay their bills and former deputy prime minister says all the claims are now dropped and that will be settled. taking a look at the markets now more prices are heading down after monday's rally light sweet is trading at eighty four dollars a barrel brant is that one hundred eight dollars a barrel the european stock markets are trading lower on tuesday ahead of a crucial parliamentary vote in slovakia on plans to expand the grow zone rescue fund banking stocks among the better performers in europe trading is topping his
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brother where markets are trading lower after several consecutive sessions of growth let's have a look at some individual samples of bisect for majors among the main. retreat is the style worthwhile snapped out more than four and a half the sand bagging stocks are also on the pressure was prevalent and almost two percent and that's our program ported net profit for the first nine months of more than a bit more than doubled from a three and dollars and level minor metal to raise the only gains and is trading around one percent in the red it's net profit this quarter full first half of the year reaching half a billion gallons. of russia's number one lenders very bank has confirmed its considering buying there is bank the bank is the turkish arm of the troubled belgian french financial group banksia the head of spare bank herman graff says talks have not become. something that the started back in about forty five minutes of my therapist's.
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