russia's almost two decades long odyssey into the world trade organization as closely as moscow overcomes the last hurdle to accession by sealing a crucial agreement with georgia. israel is borrowing costs hit a record high drain will markets down and sparking fears that still leaves promise resignation won't keep the euro zone's third largest economy from collapse. also western powers push for fresh sanctions against iran following the latest report on its alleged nuclear ambitions by the russia rejects the i.d.'s counterproductive. and artie's closer team travels to the black sea coast to

discover a local girl made products being produced and why getting them on to dinner tables is proving to be difficult. now i am in the russian capital you're watching r t with me rima joshie welcome to the program was the end of a long journey for russia a commission in geneva is set to clear all the remaining hurdles for moscow's long awaited membership to the world trade organization it comes after russia and georgia finally reached an agreement on regulating customs on the borders with a breakaway republics of south city and a posse of parties laura smith has more from geneva. this could be the end of an eighteen year process the last big hurdle to russia joining the world trade

organization has been successfully negotiated on wednesday russia accepted a trade deal with georgia the agreement signed here in geneva allows the monitoring of all cross borders trade between the two countries including the russian backed south ossetia and abkhazia by a private company without the lost of george's objections to russia joining the w t o has been dealt with barring any last minute deal realm and sways analysts say are always possible but unlikely the package of documents on russia's accession could be approved by a working group on thursday or friday with membership formalized in december russia's excess and will be the biggest step towards liberalizing trade around the world since china joined the w t o around ten years ago analysts say any clear indication of a deal could boost the russian stock market by five percent providing a base of relief from eurozone uncertainty and the world bank says w c o entry

could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long term was around out there while some businesses are celebrating the accession others are preparing for a tough period of transition or it is a creditor charlie has more on what will change in russia's economy once and finally joins the club. the only major market and g. twenty member still outside the world's largest economic club is russia and membership is eagerly anticipated not only by moscow but internationally as being a member of the team improves first the more for foreign investors because foreign investors especially those in our case will come from the european union are used to working under double ditto regime for the person on the street w g o membership will not be just something bill read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of

imported goods drop and the master companies also grow quicker with foreign markets opening up. the workers of these metallurgical companies don't look like a win win situation they produce you need lots done except one on gas pipelines their most recent project is the north stream pipeline children or international markets will face very little competition from every possible source for the competitiveness of our goods will increase and not only in metallurgy who's going to invest in you need your intimate initiation period the product is much better now this is also about when you factor in industry engineering what it can get. and this is ross a much the largest plant in russia south producing harvest of russians is what a book is full for months ahead and workers who conspire on your phone of course through the best it will produce combines and sell more as well. but the head of the company has

a rather different outlook to that of the w t o cheerleaders. b.t.o. is a label and russia is exchanging real values for a label our oil and gas will be in demand even without entering the b.t.o. well agriculture will tumble now fifty percent of all lands in russia are burned and soon it will be sixty to eighty percent of the workers here. andrew culture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one time to go here origins and u.w. chill lobbyists claim that carmakers up the vase will be slapped away with a lot of affordable for an alternative the troubled mortgage giant was rescued from the brink of death in the economic crisis of two thousand and eight i thought mr putin with more than one billion dollars in loans cash and guarantees and he even bought a car for himself to show his support for the hard pressed to master pictures. of

the government's favorite child but not all car makers in russia are cherished this used to be a bing wants a must reach open the 1930's most successful years what it does and six these are hundreds of thousands of must reach cars flooded the soviet and poor and markets after the collapse of the soviet union was created was in desperate need of money but the government could not. reach was carved out the only way to avoid the collapse again and now the industrial giant experts say is to use the transition period after joining the w.h.o. wisely closely entreats the w.t. have doesn't instantly have to. comply straight away transit transition period roughly. protectionist measures will apply for a number of sensitive industries which employ millions of people such as

agriculture timber and car making but at a certain point the state's industrial dependence. on and walk on their own two feet in the world outside of that should be a somewhat easier place to do business liver duction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the gradual archie. already more news and opinion throughout the day right here on our team as the working group session in geneva on. you while you can find more analysis on the issue on our website our business team spoke to jaroslav the savoy chief economist of george bank russia to find out what he thinks of russia's accession so log on to our am take a look. prime minister silvio berlusconi is facing his last few days in office as italy moves closer to the financial brink and bond rates hit emergency

levels close to the level which forced greece portugal and ireland to ask for an. arc panic in global markets amid fears berlusconi successor won't be able to prevent the e.u. third largest economy from sinking r.t. sara for three quarts. we seen this year easing crisis developed an unprecedented rate in its least being the latest country that has been sucked into the debt spiral in which the might be neighbors heard the scene is boring calls cause that's been the certain market that this is an extremely dangerous territory now that's because the market that seven percent is the trigger points at which we saw policies such as islands portugal and greece have to see an emergency from the in the eye and there's also the point at which investors start looking at the countries that are the big deserts of the sleaze i think that perhaps there is a possibility that because you won't be able to pay what it would be disastrous for

a country with a big debt probably found that about one point eight trillion here has to be a major problem though this is also going to be looking at whether the euro is and has the resources to then lenz's the in the eventuality that of the other lenders stop at the moment that support is simply not in place that big. eurozone leaders wanted to have there isn't ready. the cost simply isn't there or not could really free a major problem prime minister berlusconi has said that he says he's going to be resigning he's not putting himself that he actually felt quite relieved by that it was very very clear right now in the country is the how when the new government is going to be full is not going to provide a quick fix to the financial problems in the country sarah furthermore in their policies are mostly responsible for italy's economic problems and as

a view of policy in development specialist power phone. certainly world we see on the financial ground the face of a very. strong speculative movement. over the top in the economy states to g.d.p. ratio was unsustainable in fact the problem of these in the ease of course that the major award is no growth the absence of growth which is imposed by the polish sees its european the most of the german positions hard to hand of the moment three union this is. in the country. edging towards a very dangerous area which of course will look the impossible situation in the stock markets the effects of this would be the collapse of the system but this

would create a house in the country instead of. if we may now be seen as the greatest threat to the eurozone but crisis veteran greece is still in turmoil three days of power sharing costs have so far failed to yield a result and it's still not clear who will be the next prime minister but he government will have to pass a new bailout plan which is necessary to get the latest eight billion dollars euro zone is demanding that the two main parties sign a letter backing that bad deal by p. opposition says there is no need or even written pledge talks and a new prime minister ian cabinet will resume on thursday and with the news financial problems now closer to be resolved max kaiser in spain see her or provide their away this take on the situation in the kaiser report that's coming up later today. there's a fifty year. toilet currency oh there are fifty euro toilet paper currency will soon be about as valuable as this toilet paper except this is all available nightly

printed up in this beautiful display case that you can show in your house and tell your kids all about what happened in europe. the u.n. atomic watchdogs latest report on iran's alleged nuclear ambitions has split the international community the i.a.e.a. offers no definitive proof tehran is actually pursuing a bomb but its findings still prompted several countries to call for fresh sanctions that idea has already been rejected by russia who says sanctions might be used to force regime change in iran or he's going it she can takes a look. washington european and some european leaders would ideally want to impose crippling economic sanctions that would further isolate iran but we know that two of the permanent members of the u.n. security council that is russia and china have made it clear that they don't want

to cripple the iranian economy and that they say further isolating iran would be counterproductive and he said russia put forward an offer which is still on the table and that is for iran to fully cooperate on inspection and to prove that what they say about the civilian purpose of their nuclear research is true and is not a cover up for or for a weapons program and in return the international community would be ready to consider lifting sanctions and that's the offer which is still standing iran's says they won't back off from developing nuclear technologies tensions are really high israel was hinting that they are gearing towards preemptive towards a preemptive strike washington said all options are on the table but despite tough rhetoric coming from both israel and the u.s. many agree that lawsuit and in tel aviv are most likely to use the report as political leverage to try and isolate iran and possibly to put a dent in florida economic relations with china the u.n.

nuclear watchdog the report itself does not reveal a smoking gun but it sure hyped up fears that iran continues to research our nuclear weapons agency says its word for it is based on the intelligence gathered by a number of countries including the united states but the u.s. intelligence has a history of presenting false evidence back in two thousand and three to make a case for the war in iraq it presented evidence that you so very solid at the time but turned out to be a hoax the question many now ask is could the un's atomic watchdog report serve as a justification to start a war with iran but security experts say the consequences to such action would be catastrophic. and she counted porting there all the rain ambassador to the international atomic energy agency has told her to iran as transparent as any country can be calling the latest report in its nuclear program politicized this new port is not professional and not valid as any with political and with evasion and under political pressure by the us and couple other western countries this

report has an extra fifteen pages of the allegations and the materials which were handed over only last week to us in the company should manage to read the temp ages of the report of director general which says that all activities including a retirement are continuously under the save but inspection the only second part which is the n.a.s. is about the american delegation the important thing is that we are particularly p.t. all activities are on the. and the five even hundreds of. short busy analyses fiction this is great and we took months ago invited the pretty director general by e.a. to even visit the ata and the of sinti if you don't reach them and can you give me any example that any inspector being permitted to any sensibility of the event in any other part of the war and paul craig roberts who work at ron gregg and some

ministrations believe the purpose of the i am report is to pave the way for a long planned military strike against iran. which doesn't really say anything there's no evidence there's just some and you end up. washington will. go to try to prepare the ground. right behind for a military attack based on nothing expect the. us there's no evidence of any of the birds in the daily mirror. there's some sort of hype about they're working on a trigger for a nuclear bomb but everyone knows that rand can not. enrich uranium to the extent. they even said they won't even in rich uranium stage to use for medical isotopes they're willing to have that done outside the country it's the american people lock that deal so it's really doing nothing.

and the americans are continuing to try the washington course to create a pretext for a military attack on iran is part of the neo conservative agenda it's been part of the region due for what now more than years. are always eager to know your take on the story and today we're asking you how grave the chances of a military intervention against iran are starting to look at a site that we've got for you well so far most of the responsible leaving incursion is sure to happen as america and israel need this war while sixteen percent are of the opposite opinion saying there is no possibility whatsoever in intervention and the rest either spot and start evenly split between the chances of military action depending on the country submitting to the u.n. nuclear watchdog inspections or that intervention is unlikely unless they arrive

with has a bomb so you can have your say on this issue by logging on to our website r t die . com. in northern ca so our nato peacekeepers have fired tear gas at ask nick serbs to seize why there are barricades set up months ago in an ongoing border dispute but i think gains were short lived after a new road block was put up nearby fresh air i think violence flared up soon after the incident with at least thirty serbs injured in a shootout with a local ethical mance political analyst i said apology believes there is a bigger picture behind news actions. they've been doing it for years now and they've broken their mandate that actually they're doing the job of being in control of governments and prishtina and they're doing it openly in spite of their mandate from the u.n. which is supposed to be a peacekeeping then they keep to the warring sides separated this is an aggressive

show of force of your acting like an occupier it's the peacekeepers there behind the crisis and we're really still behind the crisis in iran we're seeing right now is the sowing of the new world this order and serbia is one of the flashpoints. a log on to our web site r t to convert plenty more stories including students taking to the streets of london on mass to fight for funding cuts and soaring to wish in fees police also. and i must ask a group of aus its next story it will be the muslim brotherhood website find out at r.t. dot com where and why they say they are going to attack. this article look at some other stories from around the world an earthquake has hit eastern turkey killing at least seven people and leaving scores trapped under rubble about ten people however have been pulled from the debris in early rescue efforts dozens of buildings collapsed in the city of bam as the tremor measuring five point seven magnitude

struck it comes only a fortnight after another quake in the same region killed at least six hundred leaving many more homeless. yes police in riot gear have clashed with student protesters at the university of california berkeley after their refused to dismantle their camp chance were wrecked the following a march against jewish and beat increases for students several activists have been arrested and some claim to have been beaten by police with petards the rally is part of the occupy wall street movement can stick anomic inequality has been sweeping the u.s. for weeks. some arab leaders are reportedly offering asylum to syrian president bashar asad to ease his departure from power that's according to a senior u.s. official although he did not identify the countries that have offered to take a city and comes a day after activists groups claim the around ten people were killed across syria

by security forces in the latest crackdown but syria's deputy foreign minister has told our t.v. the true trigger a for protest are terrorist organizations outside the country. who swore to provoke these developments on syria to go through a civil war particularly when we could actually define those forces i'll tell you the religious extremists select from states that are threats because the smugglers they have be to provide them with up to do in order to your medication. by the with no forces from outside syria billions of those were smuggled syria food carriage people to the east in the country and not to mention the tens of thousands of weapons that have been smuggled in the into the come three from piercy from libya

from iraq and the neighboring country. of time now to explore the world's biggest country and our russia close up series. the russia's black sea coast is and famed across the globe for its core may dying yet some pioneers are trying to put their region on a world food map tom gardner went to see local farmers struggle to get there and delicacies on the russian as well as a global market here to kill me treats from russians coast but these look free food producers are struggling to find a market this is the only muslim at least a farm in the area just off the black sea coast it's run by forex scientists need to study the region's marine life back in the u.s.s.r. . that when she was when the country collapsed science collapsed we were fired from

our jobs in america research center. growing muscles and oysters so we approached a company and arranged the million roubles for a start up it's a risky business with a storm capable of ruining a gears work with people that without any major setbacks they can harvest twenty tons of mussels a year the problem then is trying to sell them. even on the black sea coast this is not ordinary food only the last two decades of russian started travelling abroad and see foreign menus so we started asking for more mussels nozzles an oyster as are currently very popular in russia in fact the efforts of these guys are unique here but the hoping to grow markets on the water around think they're not the only one for a place in a table. but this one yard in the tourist center inland janice and his family have been farming for decades he's of greek descent and helped his father establish the

farm recently he decided to try and make wine changes. we need three years to establish the vine in five years for a good product in a few years and i hope we can produce great russian wines with the comics and whether a good for a great grain here but janice is hesitant to try and make this into a proper business it's corruption that's putting him off yes mark you're a louis like an artist painting a picture if i wanted a serious business i'd be too scared of corrupt officials taking it from me where there were but with a creative approach are not scared people in authority are the ones who should be kept from power they do not respect our citizens janish complains that the license to sell his wine costs one and a half million dollars far too much for a small producer like himself this also prevents a good wine industry from developing. and hasn't given up hope.

for most years to there are some good great growing areas in russia this is a favorable area so if your thirties don't interfere we can promote our brand and prove that ours is as good as any french wine. at the moment you have to look carefully to find local wine and mustn't produces on russia's black sea coast but who knows within a few years this region could become a center for gourmet russian joining from bottom party. very nice well recapping our top stories is coming your way in just a few moments before that they will take a look at how it's happening in the world of business with kareena. our welcome to our business that they sell thanks for joining me the moment of truth is almost here for russia to join the world trade organization moscow's accession to the club will open your parties for foreign business in the country

meaning domestic companies face tougher competition however chris weaver from troika dialog says for most changes are not likely to come past. i think some industries would love to see face competition immediately. abstention services insurance companies and other financial services companies would be able to establish fully own domestic subsidiaries and they're expected to come in fairly quickly on the other hand if we could down say to some of the consumer sector resumes perhaps the manufacturing to continue over the sector where prime minister putin is already said to be looking for a grace period to allow russian companies to adapt and to improve it because ready for competition but i would expect russia would be looking for something similar maybe a five or six year lead in period for some reasons for us. looking at the markets now cool is trading here today low as investors speculate the recent gains were exaggerated prices a little changed after dropping for the first time in six days on wednesday asian markets drop on thursday tracking steep falls in the us where markets plunged more

than three percent best to avoid pumping stocks out of the search tally and borrowing costs to present he's dropping them in two and a half percent and hong kong is losing four and a half percent the national problems in export of among the hardest it's throughout asia industrial and commercial bank of china fell seven point eight percent at agricultural bank of training about four and a half and on major exporters lost about five percent in japan panasonic fell four point eight percent. less than one hour ahead of the opening bell here in moscow russian equities ended wednesday's trading session in the red and my six was down more than three percent while the us has lost over four percent getting. the capital believes that e.u. debt question will dominate volatility in prague in hunter's thinking and by. the looks law you should probably know would be a ball european cross a school of course a group of the major sole source of volatility in the medium term however we are

thinking about investors should choose their words fundamental data towards microeconomic data. results of the company us in the recent couple of weeks we'll see in moscow for the economic data in flowing and elsewhere believe the one to weakness pattern is to persist in the market so probably such. sell offs can be used for inquiries and positions out a bit better price and. that's it for now more updates coming to you about for that time you.

will. see its technology innovation all the best of elements from around russia we've got the future coverage. mission free cretaceous free cars for churches free commitments free free.