you're watching our team tonight putting on wheels in motion moscow ushers in a new era of energy security for western europe as the landmark nord stream pipeline begins pumping russian gas straight said germany and beyond. the new supply route rules out energy rules the transit countries which are previous if left european consumers of russian gas belts in the cold will have the details in just a few moments. also russia issues israel with a stern warning not to take military action against iran as president dmitri medvedev says it could spell catastrophe for the middle east. and the italian prime minister is under heavy pressure to resign after winning a crucial budget vote but losing his majority in parliament has the country cigs

even deeper into its debt crisis got the latest of that to theater. eight pm tuesday night here in moscow welcome this is our team my name's kevin know it and first it's an historic day for western europe's energy supply which is now being bolstered by russian gas directly through a brand new pipeline president dmitri medvedev chancellor angela merkel and their partners in the project will turn the velvets open be receiving end now of the north stream line in germany a ten billion dollars scheme is the longest subsidy gas food in the world parties daniel bushell the simplicity of the the wall street. it will provide long term energy security for europe which had been affected by previous transit rails with

the likes of ukraine and belarus it will also fill a shortfall in gas which is projected to reach some one hundred million homes by twenty thirty now this is a europe wide project why european leaders are here is because french dutch german companies energy. have taken stakes in the north stream pipeline that will guarantee supplied to homes in those countries for the next fifty years at least or the lifetime of this current project there are plans to send this gas on to burn and then also the existing european network of the countries like the united kingdom as well as that of it is here russia's always going to great lengths to fulfill its energy obligations because it's our highest priority we will continue to supply our european partners without any interruption in the future in order to attract more investment for the project i'm convinced that such involvement will minimize risks along the entire energy supply chain. you know this should also provide cheaper gas for homes in europe with no transit fees to be paid for the

likes of ukraine and belarus with gas going direct for the first time from russia to the e.u. german chancellor angela merkel is optimistic about the future relations between russia and the european union when speaking about energy supply security we also speak about diversification and russia is one of our most important partners this sources of supply have to be safe and the demand from europe is also guaranteed when you'd russian gas the economic development of our continent and this means that we will be closely linked to each other for decades to come. it is the longest subsidy pipeline the gas pipeline in the world it took some engineering brilliance just for one example compressor stations which keep the pressure in gas pipelines usually there are several across the route this one just has as one the beginning of the route is being planned since the nine hundred ninety s. construction to start a few years ago a second line will come on stream next year and we've just spoken to some of the heads of the of the project who say the line will be discussed by shareholders very

shortly because they expected more and for gas to grow and to keep growing even through this crisis the euro debt crisis that we're seeing to keep growing through the e.u. in the coming years. first gets more perspective from a senior analyst at the center for global energy studies in london julian lead to a very good evening thanks ben on our team tonight so is this finally then an end to europe's energy supply problems those cold winter disputes we all witnessed now a thing of the past. i think it's certainly a step in that direction clearly and what russia europe have done with north stream is to place the first line of fire and direct communication between russia and germany to glue gas without having to end on transit countries of course but not straight pipeline is only a fraction of the capacity of gas lines that currently run across ukraine and.

those pipelines will remain fighting for deliveries of russian gas to europe for many years to car and of course if european gas demand grows in the way. we expect them open gas from hopes then stream alone will never supply all of the gas that we expect to be delivered from russia to europe but it will make a significant contribution this big greeted by everyone in europe is this going to be hailed it is being as a major step forward in securing energy supplies but some people as well have concerns the maybe they have become too dependent on one provider. i think there is you know there is an overriding view within europe that diversification is important and that's the search that we've heard echoed for many many years now but we live in these generally recognized in europe and i don't think those dissenting

voice really anywhere in europe that russia is now and always will be a principal provider of gas to the european continent eighty's simply a vast repository. natural gas resources eighty's on europe's eastern border it has very stable not turn gas supply in relationships with european countries and nobody is looking really to supplant russian gas what europe wants to do is to ensure that gas comes from other places by our roots in addition to russian gas but not instead of it julia talked about the stability there so course very important an excess table supply of gasoline stable prices especially now with the european economy similarly tating on the brink here if what this one good shot in the our business was certainly stable supply is important i would question whether. whether one could say that gas prices are stable i mean even

under long term contracts those crises style are flexible in the case of the russian contracts they're generally linked to boil prices and oil product prices and until those prices have been any upstate or so while these direct links i think helped certainly with stability and volumes and stability of prices at least is another question altogether so what's russia getting out of all this besides the cash of course what russia is getting like name he's. guaranteed state all access so european states greatly reduced its dependence on transit across ukraine perhaps not explicitly yet seen in sheer volume terms but certainly the distance of the first direct pipeline between russia and western europe greatly reduces the the leverage notes transit countries have their own

gas problem to dictate terms and states. transit costs and access to europe so i think from that security points and you this pipeline is is important we. europe and. russia generally kill you measure just to just know that russia set to become a long term provide the two western europe how does the russian and european energy polish it likely to develop over the next few years i would like to see war stuff like this. i think we will see more start right now so no as you said in your your introduction the second parallel nordstrom pipeline is to come into operation within the next twelve months there's already talk of a third parallel type i'm going to also it may well depend on. you know how demand for gas in germany and other parts of northern europe time of

course what gas promise looking beyond. north stream east isa similar route around ukraine to the south sea an interlude into the balkan countries a project but it's. very substantial european partners and clearly would like to see us this sort of two pronged approach to reducing it and so you can ultimately ending its dependence on transit countries kiraly very good of a live program senior analyst at the center for global energy studies in london because much. russian president has warned militaristic rhetoric in the middle east and an attack on iran that could lead to a catastrophic war in the region dmitri rivetted statements came during the joint press conference with his german counterpart russia's been voicing strong words indeed against an attack on iran following statements by israel that a strike is war likely then diplomacy the only time i watched i was about to report

to you on iran's nuclear activities and provide evidence it says the valley has built a testing facility and computer models of warheads iran's dismissed all as allegations calling the fabricated that's going to speed on this and talk to us foreign policy expert barbara slaven from the atlantic council discussion group barbara love to see you tonight there this leaked report this expect to come out within the next twenty four hours or so is believed to be based on foreign intelligence but the first question i guess how reliable is that intelligence do you think. well i think it's fairly reliable this is information that's been developed over a long time and it confirms information that was previously sent to the i.a.e.a. that the agency has been trying to talk to iran about for a number of years basically what it says is that iran has been doing research into how to build a nuclear warhead and how to build an actual nuclear weapon this in itself is of course disturbing news it's just that the iranians have been less than truthful

when they claim that their program is entirely peaceful on the other hand as far as we know iran has not yet actually built or tested a weapon so there is still time for diplomacy to work here wolf one of the vetoes in this report when it's released if it's released and. let's talk about reaction what we're likely to see iran's most recently is reno being threatened by the israeli foreign minister said that israel doesn't rule out a military strike against the country what's israel trying to achieve by provoking a run right now i'm thinking of a time when it's got it sound so full with so many other issues domestic protests ago and of course the ongoing palestinian issue. well i think the israelis want what they call crippling sanctions where ideally what they would like to see is a complete embargo on iran's sale of oil and natural gas they're not going to get that what they might get however is better in force and have sanctions that are

already in place which make it illegal to provide iran with any kind of material that can be used for its nuclear missile programs that make it permissible to stop shipments and cargo and inspect it to see whether there are some of this material in there and also banking restrictions that are making it very very difficult for the iranians to do business. depending on what is revealed and tomorrow will be finally see it some experts are worried are. that israel could maybe go it alone if it gets particularly worried that it could go to load even this last we heard a senior american military analyst saying that america is worried that it may not even be consulted if israel wanted to go ahead with an attack does it tell of eve has become such a loose cannon do you think it does feel that pinned into a corner. i you know i think a lot of this is bluster obviously the israelis are very very worried about iran and what iran would do but i think they also understand that the consequences of a strike could actually be worse for israel than allowing iran to proceed on this

the path hezbollah has forty thousand rockets that it could unleash some of them can reach tel aviv hamas might attack israel would be even more isolated in the region of course it's very isolated already because of developments in the arab spring i don't think the united states would be pleased the french have said they don't want this in the strength of the campaign against iran is building an international consensus against iran having nuclear weapons and that would be shattered by by a military strike at this time the russians of course of the forefront of the talks are crucially it must be talks nothing else we've seen military campaigns in iraq more recently i've got when you look back at the really prove the violence and bloodshed is the answer to this kind of thing do you think russia's words are being heeded. yes very much so russia is a very important player in this and russia of course has signed on to sanctions i

think an even more important player is china which is now iran's biggest trading partner has enormous influence over iran and if the chinese were to use the information in this new report and go to the iranians and say what about this then i mean that might have some impact because they really could do something to change the iranian decision making so what we should do is double down on diplomacy and use the material to convince iran not to build nuclear weapons everything that was remote should be aligned with this. norm residence senior fellow at the atlantic council discussion group thinks it's a much. italian prime minister has won a crucial budget vote but has lost his majority support after imposed rated public finances on choose the severe berlusconi's know to heavy pressure from the opposition to resign experts warn the political turmoil could tip italy towards even greater instability now the country is moving closer to the center of europe's

financial crisis with debts piling up borrowing costs continue to rock it to italian current affairs column is francesco says he says the chaos in italy is far more political than economic financially intelli was not. that bad a situation is in italy has not war syndrome magically in the past months in fact for instance in greek banks are already a lot of money to francs and german acts italian exposure to greece was very limited however the markets didn't trust the italian governments this is the crucial issue and when the markets started not to trust the government you tango and didn't come up with real strong measures to boost it didn't we will see what will come out of these political crises i think for italy is a little bit different from greece i mean the situation in italy is more a political crisis then never financial crisis and everything here in

a way he gets on berlusconi the opposition claims that he will surely be defeated he claims he will not be defeated and secure countries in huge director italy needs a prime minister who king gave me confidence of the markets the markets trust to start to do recovery and change necessary for the chile to cope with the present crisis. thoughts there of a current affairs columnist francesco c.g. meanwhile in greece ministers of offer their resignation to pave the way for a new government it comes as the country's leaders struggles of agree on a new prime minister as talks of the unity coalition and to the second day george peppard rail stand on his replacement is announced the interim government will lead the country to the elections expected to be held in february greece is under pressure to ratify a one hundred thirty billion euro emergency rescue package an end its political crisis has put the entire eurozone in jeopardy our correspondent sara first been

asking greeks for their take on the situation and the prospects for the embattled country. as the year is a in crisis rumbles along greece is once again the focus of international attention and it seems like everyone's had an opinion about the situation here in the country we decided to come. which is really. it's tell you much of this year a quite if the find out what the people of greece have to say about it all. the camera and the might. to. let the people of greece take it away alone we are angry well of. all the people who would greeks are blamed thing. everything if it's made money important and actually it's like they're trying to frighten us or something like that hi my name's vicky canadian i've been living in greece for ten years now my grandfather

fought for this country and it saddens me that. right now there's a chance he might lose everything that we know in this country and there's really not much we can do and i want to ask somebody else. if all the european snow but told his dead cannot be paid but. why do the lend his money question don't they want the money but the thing with the situation right now it is that we don't feel real secure about anything but our salaries our health and you know in my aids thing about the tumor i'm going to make and the seasons i have to do from then from now it's really sad because. everybody here things that you know that things could be better there's something more. there's something more very very angry because of . unemployment in greece now. the people in greece are

a very skeptical. i think. it's better we are in euro. of course definitely but there are some serious problems. because. they lost their jobs you don't know what. you can you can't plan your life twenty years old and i don't have a job. i have to leave my parents i don't have money i can leave i hope for everybody to become and. try to get out of the crisis and i really hope everybody can help us to do that greece is a european country in greece and euro is a good word a greek word hope something can be done so we can save this beautiful country and be able to pass it on to our grandchildren and their children after that even if

greece is thought to the mike and had a chance to have a question now is whether any will listen to them or their decisions again to keep being made but fine clay still is. squarely. all of us for this hour in india or at least twenty people have been killed dozens injured after a stampede broke. in the north of the country and when tens of thousands of hindu pilgrims rushed towards the holy site to offer their prayers some of them tripped and fell while those behind continue to push forward many women and children reported to be among the dead and injured at least creeds are common in the last january one hundred died on route to a shrine. syria's opposition purportedly appealed for international presence in the central city of homs where activists say at least eleven people were killed on monday it comes after damascus accused the u.s. of being involved in the violence and asked the arab league for support on the issue the u.n.

claims at least three thousand five hundred people have been killed in the crackdown since antigovernment protests started in march. michael jackson's doctor conrad. murray has been convicted of involuntary manslaughter in an l.a. court he was found guilty of administering a lethal dose of the powerful anesthetic propofol which killed jackson in two thousand and nine murray could receive a maximum prison sentence of four years and lose his medical license a jury took two days to reach its decision. the russian foreign ministry is slanted you can start for sentencing to russian pilots for eight and a half years putting their relationship between two countries at risk the men were found guilty of smuggling goods violating border rules and breaking international flight regulations their lawyer claims the prosecution did not provide legitimate evidence and the witnesses were not allowed to make statements the crews of the two planes involved were detained in not sure the thirty care port on the afghan border after a quest to get a virgin sea landing two aircraft and their cargo have been confiscated by the.

government. all the members rather of the mars five hundred experiment a simulated round trip to the red planet spread over seventeen months in isolation are enjoying the first few days back on earth and is one of the participants in the project roman charles says the mission became a life changing experience but i knew no more was just to have a world which was two hundred meters square big and only five per cent of it was very exciting the very last period was definitely the highlight of the tree . even though we knew it was a simulation and it was not at all like a real trip to mars which would be like in thousand planes bigger and more exciting it was it was very different. and we felt like being on different place and we didn't have the real mass but it was very different if they were the group who was a real mass i would say in

a very kewl. robin charles that no news could be finally time of course on our website r.t. dot com let's take a look at a few stories we've got lined up for you tonight billions of dollars have been changing hands during bank transfer demonstrations across the u.s. in a bid to deprive big banks of their clients get a lot of hits through tonight if you haven't checked it out already today and you got a minute want to take a look also on our web site of march to remember we were part of this yesterday and again no refresh not seen at the historic moment when salvi at soldiers paraded through red square before leaving to confront the advancing nazi army it was reenacted in the heart of the russian capital but some of the pictures online for you to buy the article on. coming your way just a bit off of action our sports policy in about twenty minutes time tonight with russian ice hockey in the headlines plus as well we'll be talking to the nord

stream chairman who explains the significance of that massive gas pipeline project for europe that opened probably today all that enough to you earlier and the business news. hello and a very warm welcome to the business update and as we've been reporting russia has started pumping gas to europe through the north stream pipeline with an eventual capacity of fifty five billion cubic metres the new artery will likely change european energy priorities in particular further sifting the emphasis away from alternative gas sources as constance you seem enough from the national energy security fund explains. inside europe. we see a very contradictory did you share with us you know that you were speaking about russian but there's a north you put example germany france. this country. is

the future if you were there we see that now the marines are serious production europe was all about the cause. of those three and all and you food tried to analyze the real situation to sell goods of course we saw the police station called for in suspicious presentations but no business was riveted so you can compare most there was showgirls production in europe are you a list of the. shoulders is to a dream. let's take a look at how the markets are performing oil is trading near the highest level in three months lights which is currently trading at around one thousand six dollars per barrel well branches at one hundred fifteen dollars. and u.s. stocks opened higher but quickly slipped into a red as italian prime minister want to but it's both without an absolute majority and the european central bank council members the e.c.b. current bailout governments by printing money. and markets across europe narrator

late gains on berlusconi's budget vote in germany the country's exports growth for a second month in september helping europe's largest economy whether the sovereign debt crisis both feet footsie on projects wouldn't they. percent higher. in most of the markets closed mix the r.t.s. was up under one percent up to my six what's not too negative and here's a quick look at some of the individual show moves on the might six the picture was mixed among the blue chips left last point four percent from was also in the red at the close the company's all subsidiary for meth says it boosted its net profit by sixty four percent in the first nine months of year and russia's biggest lenders gerbrand gains two percent at the close of play. also relative economic data obviously also driving the market we've seen some positive reports from the european banks such as voids and as you say their general today relatively

positive which also helps the european exchanges up one point five percent roughly on the day which is obviously very important because the. hit on the banking system following the greece debt situation is clearly one of the key concerns at the moment. well joining the world trade organization will cut russia's exposure to oil price fluctuations that's the view of fitch for its rating agency which says a number of benefits to obsession they just use such as speeding in the crate clock robust growth and help diversify the economy it also says the move will improve confidence in the business climate and encourage foreign investment which confirmed russia's triple a rating in september warning that oil price fluctuations put the dollars right. that's it for now don't forget you can find more analysis and more stories on our web site r.t. dot com slash business and you can join me in less than whiles time for another business update here on r.t. .

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