me. straight to our breaking news for you this hour ukraine's prime minister is jailed for seven years yulia timoshenko was found guilty of abuse of power when signing gas deals with russia just about two years ago. following the events now joins us live from outside the court where the verdict went down i know you've been there with the protesters you've seen them there you've seen the police as well we've been seeing reactions inside the courtroom outside the courtroom us up to speed on the latest of what you see. well it has been certainly a very wild and long day here in kiev in central kiev where at times it seemed that the tension would go over the top with the supporters of thousands of them trying to organize a march through the streets of kiev and being dispersed by the police with no real brutality but still some pushing and shoving and the situation was really explosive it could have been it could have led to serious violence that as it had been predicted by many deputies in the ukrainian parliament and experts thankfully it

turned out to be rather on the violence still several people were injured in the pushing and shoving with the police one woman was saw as she was taken to hospital having fallen from a stage or from a staircase or something like that and other than that it has been no serious violence but as i said in this situation was very tense inside the courtroom of course it was very tense as well while the judge was reading out the verdict. was over shouting the judge was screaming abusive words at him saying that this decision this verdict was not done in accordance with the criminal law but it was orchestrated by president viktor yanukovych indeed the reaction from the former prime minister when she learned that she's to spend seven years in prison have her property confiscated and to pay out almost two hundred million u.s. dollars in debt was very much furious. with. the retiring regime. stop me the trial showed that the constitution and justice had been trampled on dispute i need you to begin. struggle it's

a very difficult and we have to protect ukraine against the authoritarian regime don't give up. it isn't clear where the unity machine goes fate has been sealed as some experts are speculating whether a presidential pardon is still a possibility that. sign an amnesty decree for you look so much and go that remains to be seen of course but we understand that the protesters several thousand of them will remain in the key of central street for another week at least to follow the developments and to see whether their leader would be set free or any any other development could happen to her but for now as i said it's been very calm for the last several hours and as you can probably hear there's no music playing and now we can talk to you without over shouting the loud nose the noise of the ten thousand all the protests here in central kiev now as we know gas deals with russia where the center of this case at this point how it's moscow reacted to the verdict. well moscow has been saying all along that those deals back in two thousand and nine

were signed in full accordance with international law and with the two countries legislation and the reaction which we have already received from the russian foreign ministry is saying almost the same that the court which had the verdict delivered basically neglected the fact that russia believed that that the deals were signed a law fully and the the verdict itself has something over and so i russian pretext that is what we've been hearing from the russian foreign ministry clear it is unhappy with the way things are going because we know that the russian foreign minister and president medvedev have been saying that this case should be transparent and that the gas deals were completely legitimate that also being certainly very harsh reactions to the verdict coming from the european union but my colleague daniel bush will probably tell you more about that in a short while meanwhile we'll of course be focusing and developing and focusing on the developments here and following this. as it develops we're bringing you live

updates as soon as we get any more information right now to select few of us live in kenya thank you. today's verdict has already received a critical reply from european union officials with calls for the e.u. to rethink its relations with ukraine all of these are new bushra now with this 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 that she's been following the verdict and that the european union says its whole relations with key of as a result of this verdict we've had the e.u. saying is deeply disappointed with the judge's decision the e.u. commission i did their work seriously consequences for by that relations and earlier today the european commission is that they 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 called happened again the head of the european parliament regrets the verdict and is calling for

a review of the case on appeal now you claim wants to enter the european union has been discussing a free trade agreement and the ukraine president is actually due here in brussels next week to discuss the first steps to joining the european union with the sounds 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 the european union has already made it clear that if you use this child very dearly it takes a great deal you this trial doesn't like to see opposition politicians put in prison and i think there is every chance that the european union it may take some strong measures such as freezing the talks with. strangely there is no chance at all of ukraine joining the 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 into the long grass. under bush or right there while a bit earlier here on r.t. i spoke to our british member of the european parliament's foreign affairs committee about of richard how it he told us that the u.s. response to the station in the team which i case will be a strong one. there will be very strong reaction across europe. appears to be a politically motivated trial that does not meet international standards of independence and fairness cannot be something that is supported by us in the u. it's very clear to me that if you think back to two thousand and nine the cast stamps being cut off a huge energy problem in ukraine and in fact for the european union as well because of its nature as a transit country. clearly to with us was doing a job on behalf of her country to try and match 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. to discuss the outcome of this trial further and are joined by a tour of brooke baldwin from the norwegian defense research establishment thank you for coming on the program today so firstly what do you think is the driving force behind this case and i think probably it is the case that the on the coalition government wanted to get rid of a competitor for the gold coming elections next year and possibly also for the parliamentary elections next year there are of course additional factors such as the gas agreement with russia which has been made mentioned and the probably also there are what could i say more emotional content of this so some gas implications as we know several times now in recent years there's been some gas wars between ukraine and russia also you suggest a political motivation behind today's verdict but there's a view that as

a result of the trial now could actually gain political points as a victim of president you know coverture would you agree with that. well that's a possibility but that has been the gist of it for a long time and. polls in kiev show that so far this is not to happen although these process has been going on for a very long time and of course if she ease indeed to be it to stay in prison for seven years something which i guess somewhat doubt is going to happen with the if that happens she will not be able to take part in the in those elections just because she is in person now it has for the meantime supporters to struggle against the so-called authoritarian regime we certainly saw some protests some getting violent earlier on today outside the courthouse in kiev where the riot police were is it possible we could see further unrest break out in the country you think. for the moment i don't think so we'll we'll have to see now because there might as

also suggested in the previous reports there might be. going to government has some idea about first sentencing and then either pardoning or in some other way sweetening the pill for the e.u. in undoing this in a sense so we'll probably have to wait and see until the end of what's really going to happen but if she's if they're hard line goes through and she has to stay in prison for a very long time we could see more unrest in ukraine right now if i may i just ask you on this i'm getting reports now of the russian prime minister vladimir putin confirms that the natural gas deals with ukraine. seven years of jail comply with russian and ukrainian law saying that today's verdict a verdict of seven years behind bars is it counterproductive to the relationship between ukraine and russia your thoughts on that. well i think that might be true at least if he says that is that's probably what he means and it basically ukraine is destroying relations both east and west with the sentencing just as i said

before we should probably the sentencing in itself is very bad but wish need to wait a few days to see what's happening for example although ukraine. has the polls and to be able to appeal within the next fifteen days there are some analysts that say that ukraine is keen to join the e.u. but today there were calls from euro commission officials for the country to change the law so the outcome of this case can be changed or could could make sacrifices for its so-called dream i think that's very possible that there have been a lot of speculations also before the sentencing today that ukraine would do this and there are still possibilities that ukraine will make sacrifices in the in this way i think their. government's efforts to get closer to the new at least in some ways are genuine although they probably want to do things at home in the old way and that's precious with the e.u. perspective i think still think that they actually want their free trade agreement

they want the association agreement right to order the book fall off from the norwegian defense research establishment many things. russia and china 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. is following the landmark meeting for us. it's important to mention that this was prime minister putin 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 censor stage in the country's political agenda china's growing economic progress has more 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 un security council resolution condemning syria will vladimir putin didn't come alone here he came with a huge delegation including russian the business tycoons who were all here looking to make deals with local businesses and the results of that was seven a billion dollars worth of agreements with so many headed by russia's bank which also committed suicide mission and investments and of course energy has always been a major priority and both premier said that they have finally resolved all there are disagreements and issues relating to 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 but there hasn't been a resolution there yet another key focus today though was bilateral trade you know

china has climbed by a cop in germany to become russia's number one trade partner and prime minister vladimir putin said he's confident that this year never could reach at least a seventy billion dollars with the overall goal being two hundred billion dollars by its wednesday twenty so a lot of high hopes and vicious lines here both premiers so that there achievable and they have a stablished plans that will make sure that they will become a reality. he's going to cause reporting right there what i mean time francis lui from investment company the holdings believes the strengthening of the sino russian alliance can pave the way for a new axis of global economic influence the u.s. and europe joined together is really dominating global politics i think of china and russia join to get to. wait and not let them dictate the. world europe and you would not be happy if i don't think the british we'll be

a political power even though most probably be a economic power because india is china so there is no way cooperate with china their hand is sent to asia china and russia can this for teaching interest in political interest and would not lead. to mount a staging post. so this is very important for both countries. well i do let's dive into those a bit further here on our three lots across of a preview to our business desk where kareen is there and hello to you kareena so what is the significance so far of today's meeting in china from a from a business perspective well hello very well looking at economic aspects of this visit and primarily has beijing decision to cancel exchange between the u.n. and the ruble in order to boost trade however most analysts say that increased

trade volumes the full convertible despite the increased volumes the full convert ability of the u.n. is still some way ahead of me about five minutes before our business bulletin we have more stories on that for you. now it's sixteen minutes past the hour here in moscow some reports of accused boston police of beating up war veterans taking part in a peaceful occupy boston protest was moved in after demonstrators expanded their footprint in the center of the city now the movement that 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. the latest. what we know about the situation in boston that's far is about a fifty to one hundred protesters have been arrested there's bakshi been such a mass a buzz word or when this movement in boston that there were two separate tampa areas where a protesters were demonstrating one of them got raided by the police this evening

we heard reports about oh you saw officers actually breaking down the tents confiscating property 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 protest began that a person or team has been covering since september seventeenth now these events these protests are spreading throughout the country there's 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 to the conditions that are encouraging people to take their streets they are tired of with they call

a corruption of wall street 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's it's a democracy and so the it's the kind of country that they thought that they originally were living in people are trying to take a stand for what they feel is right. well that was a kind of fright that i was people across the us expressed their frustration kaiser report is getting to the root of the relentless financial crisis for now a quick preview of what's coming your way next hour. 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 if the bank still money from them this month but they're very good at dealing it so they can pick it up and other pension accounts or their teachers or their firemen remember all these public workers accounts they're being vilified because they want to living wage meanwhile

their pensions are being destroyed by bank of new york and other banks. twenty minutes past the hour here in moscow troops of libya's interim government to fighting their way across the coastal town of sort of claiming they've taken several key positions off khadafi loyalists overnight the revolutionary forces have also advanced in the town of bani walid where senior members of the regime reportedly still hiding but as investigative journalist simon told us it's the civilians who are paying the price for the interim rule is going so. i think what's happening in sirte is really quite shocking i mean if you remove yourself from saying i support one side or support the other side what we're seeing is a full scale assault on. you know very densely populated area in which civilians are paying a very very heavy price now the reason why this is important is because the whole basis on which nato imposed

a no fly zone at the beginning of this conflict was precisely to defend civilians against a military attack so now we have if you like the allies of nato doing what their enemies were doing a few months ago and you have to begin to ask yourself well where is nato now why is nato not saying these are civilians under attack by a military force we have to stop. we have to stop this attack and i think what we're beginning to see if you like is that on a reemergence of the double standards what's happening in libya now is going to be a war crime the attack it is a war crime and i think it has to stop immediately has to be negotiation they have to be allowed to surrender but more importantly i think if they don't surrender then you put the city under siege and allow the civilians to flee and they're not and they're not doing this and the clashes carry on in syria where protesters there are following in the footsteps of libya's rebel fighters if you allow to our web site r.t. dot com you can find out how russia is battling to mediate

a way out of the bloodshed we report on the syrian opposition visit to moscow that's on line for you twenty four so. the eurozone has only one thought on its mind today slovakia the last country to ratify a new bailout plan to rescue heavily indebted european nations and the agreement is hanging by a thread as one of the blocks poorest countries appears in doubt over whether to pass the costly package sarah ferguson following the story. smiter being smug bang at the center of attention recently because the euro is in crisis rumbles on and other member states are being offered 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 who vote positively on the european stability fund to aid ailing countries like greece as the last member state very 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 harmless for our elderly. as the second poorest country in the year is a slave a 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. to look like a member state. or not. i see there's

a strong pressure from from other european countries and. probably too weak to resist if it doesn't prefer the plan slovakia be expected to contribute about seven point seven billion year a to the pot which will taste about four hundred forty billion year with year easing countries like spain and italy making increasingly unstable many critics are saying that even this will not be enough for today and every so often. it's 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 leading to more 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 instead of back here many have remained strictly it pays to boosting the fund that taxpayers paying

a penny. they will say no. situation is not sustainable in greece they will say no amounts to be pledged are so huge that it doesn't make sense and they see that it doesn't make sense to them and i think this 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 a common currency and at the same time that they don't have to pledge money and some loans to 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. at the time of the business koreans have.

how and welcome to our business update this hour 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 putin 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 billion dollars to the project at least seventy percent of the funds money is expected to be invested in the form of c.i.s. countries. now in further effort to boost trade beijing has decided to counsel exchange fees between the un and the world will however despite being quizzed trade volumes jacob l.t.p. economist from morgan stanley believes that full convert ability for the u.s. is still somewhere. the two big reasons wally fool you were to convert abilities maybe for a few years away the first is that currently the one you were on is valued if it

was traded at its free market price it would probably appreciate by twenty to thirty percent when you can see there are some the big current account surplus is that china runs they've started to let the one appreciate again or for a couple of years when they held it for during the crisis so in the last two months but you were in his appreciation against the dollar whereas the ruble of most of the emerging market currencies have fallen sharply so it until it gets to fair market value i don't think you'll see free traded and the other reason why they do move slowly is they're concerned about control and if the external value of the one is set by the market boy the decisions of central banks to boy you were in or not then they will lose a measure of control. russia and china have finally sorted out their long lasting row over all transportation tariffs that's according to deputy prime minister. chinese see n.p.c. under-paid russia's transnet have around twenty five million dollars for oil

supplies claiming the transportation fees too high earlier transnet have threatened to go to court if chinese partners didn't pay their bills in full deputy prime minister u.c.h. and says all the claims are now dropped and the debt will be settled. now let's take a look at how the markets are doing first oil that prices are heading down after monday's rally like sweden's trading at eighty four and a half dollars a barrel while brand is that one hundred eight dollars a barrel stocks in the u.s. are mixed this hour ahead of a crucial part of men from revolver and slovakia on plans to expand the eurozone rescue found the nasdaq is up nearly half a percent european stock markets are trading lower on tuesday bank stocks among the better performers in europe trading with choppy shares of france that is. since as you know all rose one point six percent and at least unique rated games and a half percent his roster where markets are trading lower at close after several consecutive sessions of coral's let's have

a look at some individual travels on my sex this hour all major is among the main retreat this withdraw snapshotting more than four and a half percent banking stocks are also under pressure with spare bank losing almost two percent and that's after it reported net profit for the first nine months to more than doubled to eight and yet dollars. staying with bare bank it has confirmed it's considering buying then its back as the turkish arm of a troubled belgian french financial group dexia the head of the head of his bank cameron graff says talks haven't started yet. that's all for now he will give you more of this is help dates and less than one hour.

three. three. three. arrangement free. free. free. free media.

for abuse of power. outside the courtroom. going east. for the president.