ten am and the russian capital you watching r.t. i'm marina joshie welcome to the program well as the end of the 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 comes after russia and georgia finally reached an agreement on regulating customs on the borders with the breakaway republics of south the city and artist 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 and allows the monitoring of all cross border trade between the two countries including the russian backed south ossetia and abkhazia by

a private company with that the last of george's objections to russia joining the w t o has been dealt with barring any last minute deal relman to it 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 accession will be the biggest step towards liberalizing trade around the world since china joined the w t o around ten years ago panelists a 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. he could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long term. that was our correspondent laura smith reporting there while some businesses are celebrating the accession others are preparing for

a tough period after iran's asian art is a country under charlie has more on why it will change and russia's economy wants a file he 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 the foreign investors especially those in our case who come from the european union are used to working on the ditto regime the person on the street w t a membership will not be just something they'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of imported goods drop and domestic companies also broke quicker with foreign markets opening up. for workers of these much allergic will company it only looks like a win win situation their most recent project is the north stream pipeline should they enter international markets will face very little competition. and this is

must say much the largest wanting russia south producing harvested russia is going to book a school for months ahead and workers who conspire. but the hat of the company has a rather different outlook to that of the w t o cheerleaders. our oil and gas will be in demand even without entering the well agricultural tumble middle of. agriculture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant up the vase was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than one billion dollars in loans cash and guarantees. that the us is the government's favorite child but not all car makers in russia are cherished this used to be

a thriving. open the 1930's most successful years what the fifty's and sixty's when hundreds of thousands of my screech cars flooded the soviet and foreign markets after the collapse of the soviet union creech was in desperate need of money but the government could not its war making copper and must reach was tossed out. the only way to avoid the collapse of yet and now the industrial john expert say is to use the transition period after joining the wisely firstly entreats the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away transit transition period roughly seven. protection. line for a number of sensitive industries which employ millions of people such in every culture and making but in

a certain point the state's industrial companies have to lead the country and work on their own two feet in the world outside but that should be a somewhat easier place to do business with a reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the ground aren't . well we are always easier to know your take on the story and today we're asking who will benefit the most once russia is finally a member of the world trade organization and this is how the opinions divide it so far the majority almost half of our viewers think nobody will win in this situation as the organization only adds to the big financial mess the world is already in its equal between those who believe that moscow's obsession will play into the w t o o's hands and that russia will suffer rather than benefit because it will be unable to cope with the competition and finally only fifteen percent of you say the w t o

membership is actually good for russia as it will boost its role in the global economy so let us know what you think on the issue. now there'll be more news and opinion of course throughout the day as the working group session in geneva on. us. and the question is likely to dominate volatility on the markets today a rough open this morning after u.s. equities lost over three have said on wednesday following poor performance asia will have a full view of the market's performance and that's the price of minutes time it was for. prime minister silvio berlusconi is facing his last few days in office as italy moves closer to the financial brink as bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an

e.u. bailout that sparked panic in global markets amid fears berlusconi successor won't be able to prevent the euro zone's third largest economy from sinking the sarah for three ports. we seen this year raising crisis developed an unprecedented rate and it's least being the latest country that has been sucked into the debt spiral which then might be neighbors if the scene is boring post cause that's just and mult it's an extremely dangerous territory now that's because most of that seven percent is the trigger point at which we saw countries such as ireland portugal and greece top to see an emergency from the usa and the i and then there's also the point at which investors start looking at the countries that are the big that such as this lease think that perhaps there is a possibility that the country won't be able to pay what it would be disastrous for a country with a big debt coming found that about one point eight trillion here has to be

a major problem though investors will say you're going to be looking at whether the euro is and has the resources to then lend says the in the eventuality that of the other lenders to open up the movement that support is simply not in place a big fund the usa needs wanted to have that isn't ready the cost simply isn't there or not could really free a major problem prime minister berlusconi has said that he's going to be resigning he's not putting himself told that he actually felt quite relieved by that that was very very clear right now in the country is the how and when the new government is going to be pulled is not going to provide a quick fix to the financial problems in the country. sarah first reporting their policies are mostly responsible for italy's economic problems and that's a view of policy a development specialist power a phone. in fact the problem of usually is of course the debt but the major

one is no growth the absence of growth which is imposed by the policies at european level and mostly by the german decisions of how to handle the monetary union this is cozy talk of the balance in the country i think we are edging towards a very dangerous area which is that of the trades of the high spread with the german bones which of course will luck reate an impossible situation in the stock market the effect of this will be the collapse of the system but this will create a couse in the country instead of a solution. italy may now be seen as the greatest threat to the eurozone but crisis veteran greece is still in turmoil three days of power sharing talks have so far failed to yield a result and it's still not clear who will be the next prime minister the new

government will have to pass a new bailout plan which is necessary to get the latest a billion euro loan the eurozone is demanding that the two main parties sign a letter backing the dad deal but the opposition says there is no need for a written pledge taksin a new prime minister and cabinet will resume on thursday and with the huge financial troubles now closer to being resolved max kaiser and stacy herbert provide their own latest take on the situation and the kaiser report that's coming up next hour. here's a fifty euro roll of toilet currency all of your fifty euro toilet paper currency will soon be about as valuable as the store the paper except this is all available nightly printed up in this beautiful display case that you can show in your nose 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 terrorizes actually pursuing a bomb but it's finding 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 to try to count takes a walk. washington and european some european leaders would ideally want to impose crippling economic sense sanctions that would further isolate iran but we know that two of the permanent members of the un security council that is russia and china have made it clear that they don't want to cripple the uranium economy and that they say further isolating iran would be counterproductive and instead russia put forward an offer which is still on the table and that is for iran to fully cooperate on the inspections and to prove that what they say about the civilian purpose of their nuclear research is true and is not a cover up for what 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 says they won't back off from developing nuclear technology as 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 washington in tel aviv are most likely to to use the report as political leverage to try and isolate iran and possibly to put a dent you know in flourishing economic relations with china the u.n. nuclear watchdog report itself does not reveal a smoking gun but it sure hyped up fears that iran continues research on nuclear weapons the agency says its report 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 seemed so very solid at the time but turned out to be a hoax the question many now ask is could the un's atomic watch dr port serve as a justification to start a war with iran but security experts say the consequences to such action would be catastrophic. kind of reporting their iranian basser to the international atomic energy agency has told our team. is transparent as any country can be calling the latest report on its nuclear program politicized these are not professional and not bad with political motivation and under political pressure by the us and couple of the western countries this report has a fifteen pages of the allegations and the materials which were handed over only last week to us in the company should read the temp pages of the report of director general which says that all activities including

a retirement are continuously on their to save inspection the only second part which is the n.a.s. is about the american allegation the important thing is that we are party to n.p.t. all activities are on the. even of. short we see the unannounced inspections this is great and we invited the pretty director john to even visit the ata india of scientific richmond can you give me any example that any inspector being permitted to any certainty in any other part of the war and paul craig roberts who worked in ronald reagan's administration believes the purpose of the i.a.e.a. report is to pave the way for a long planned military strike against iran. we now have until what which doesn't really say anything there's no evidence and that there's just some innuendo and washington will not spin this innuendo it to try to prepare the ground

as they did with iraq time for a military attack based on nothing in fact the report status that there's no evidence of any diversion of any nuclear material that there's some sort of hype about them working on a trigger for a nuclear bomb but everyone knows the ranch and not. enrich uranium to the extent necessary to make a bomb maybe even said they won't even enrich uranium to the stage to use for medical isotopes they're willing to have that done outside the country it's the americans who block that deal so so they've really done nothing the rains have done nothing. and the americans are continuing to try i mean washington of course to create a pretext for a military attack on iran is part of the neo conservative agenda it's been

a part of the agenda for what nam will and what it doesn't years. we can log on to our website r.t. dot com for plenty more stories including students taking to the streets of london on bass to fight funding cuts so warning tuition fees face a wall of police. also an anonymous hacker group vows its next target will be the muslim brotherhood web site find out at r.t. dot com where and why they say they are going to attack. in northern ca cer nato peacekeepers have fired tear gas at ethnic serbs to seize one of their barricades set up months ago in an ongoing border dispute but the games were short lived after a new roadblock was put up a nearby fresh half think violence flared up soon after the incident with at least three months or injured in a shootout with local people bands political analyst alexander believes there is

a bigger picture behind actions. of doing it for years now and they've broken their mandate actually they're doing the job of being in control government in prishtina they're doing it openly in spite of their mandate from the un which is supposed to be a peacekeeping then they keep to the warring sides separated this is an aggressive show of force like an occupier is sort of the peacekeepers there behind the crisis in greece they're behind the crisis in iran we're seeing right now is the sawing of the new world disorder and serbia is one of the flashpoints. now let's take a 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 twenty people however have been pulled from the debris the early rescue efforts dozens of buildings collapsed in the city of van as the tremor of measuring five

point seven magnitude struck it comes only a fortnight after and another quake in the same region killed at least six hundred leaving many more homeless. us we see riot gear have clashed with student protesters add the university of california berkeley after they refused to dismantle their camp counselor erected for following a march against jewish and racist for students and several activists have been arrested and some claim to have been beaten up by police with the times the rally is part of the occupy wall street movement advance ticket nomic inequality that's been sweeping the u.s. for weeks. some arab leaders are reportedly offering asylum to syrian president bashar assad to ease his departure from power that's according to a senior u.s. official although he did not identify the countries that had offered to take aso then it comes a day after activist groups claimed around tampa people were killed across syria by

security forces in the way to square it down but syria's deputy foreign minister has doherty the true trigger for a protest are terrorist organizations outside the country. those who are provoking these developments have to go through its civil war particularly when you correctly define those forces. the village of extremists so let's stick drug traffickers. smugglers they have been a provider with up to date technology your communication. by the with north forces from outside syria millions of those were smuggled into syria to encourage people to disturb the peace in the country not to mention the tens of thousands of weapons that have been smuggled in the into the country from from libya from iraq and

come through. well time now to explore and now the corner of the world's biggest country in our russia close up series. the russia's black sea coast isn't famed across the globe for its gourmet dining yet some pioneers are trying to put the region on the world food map tom bars and went to see local farmers struggle to get their delicacies on the russian as well as the global market. nick gourmet treats from russia's coast but these luxury food producers are struggling to find a market this is the only muscle and 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 you were thrown out that way when the country collapsed science collapsed we were fired from our jobs in america research center but we were good at growing muscles and oysters so we approached a company and arranged so million roubles for a start up it's a risky business with a storm capable of grueling a year's work with animals but 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 seeing foreign menus so they started asking for more mussels mussels in oysters are currently very popular in russia in fact the efforts of these guys are unique here but the hoping to grow markets for the underwater bounty are not the only ones hoping for a place on russian dinner tables. but this vinnie arden tourist center inland yanis

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 here curious that if we need three years to establish the vine then five years for a good product in a few years i hope we can produce great russian wines are you the comet and whether a good for great grain here but younis is hesitant to try and make this into a proper business it's corruption that's putting him off yes martin or i look at a list 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 they were but with a creative approach i'm not scared that people in authority are the ones who should be. him from power they do not respect our citizens janish complains that a 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 here but he still loves the region and hasn't

given up hope of making it up to almost three years to there are some good great growing areas in russia this is a favorable area so if the with ortiz don't interfere we can promote our brand and prove ours is as good as any french wine but. 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 dining tom bottom party. raises have today here on our table and busiest is next with karina. thank you very and welcome to business with me corinne americana good to have you with this hour the moment of truth is almost here for russia to join the world trade organization moscow's accession to the club will open new opportunities for

foreign business in the country meaning domestic companies will face tougher competition have across we're far from track a dialogue says for most changes are not likely to come fast. i think some industries would love to face competition immediately abstention services insurance companies and other financial services companies would be able to establish fully domestic subsidiaries and they're expected to come in fairly quickly on the other hand if we go down say to some of the consumer sectors and perhaps the manufacturing particularly 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 to be get ready for competition i would expect russia will be looking for something similar maybe a five or six year leave in period for some of these industries. asian markets drop on thursday tracking steep falls in the u.s. where markets plunged more than three percent investors were dumping stocks after a surge in italian borrowing costs japan's nikkei is dropping more than two and a half percent of hong kong is losing nearly forty percent financial firms and

exporters among the hardest hit throughout asia among major exporters lost over five percent in japan. point eight percent and here in moscow markets are extending wednesday's losses in early trading following cold performance in the u.s. then asia. losing more than one and a half percent. crude oil is trading at today low as investors speculate that recent gains were exaggerated prices a little changed after dropping for the first time in six days on wednesday concerns about iran's nuclear plans are still giving some support however you want to take it from plants general sentiment remains there. if we detach ourselves from the day to day price movements i think there are some of the trends that are a lot larger than the uranium concern those larger trends are of the slowdown

occurring in europe the rising concerns about the ability by major governments seem europe to fund their own. on the likelihood. some of them able to meet those obligations so on a net basis i think those are going to impact the oil consumption and slow down the worse so march result actually more suppression in the middle east could also potentially be seen as negative rather than us i suppose to a woman in crisis so i think on the whole right now we are looking down the road. italian tar giant pirelli plans to invest more than four hundred million euros of both its presence in russia the company says it aims to become the country's second largest tire producer and when around twenty percent of the locket in several years already has agreed to buy two big plants in the european part of russia it wants to

improve capacity to around ten million units a year currently the company has less than two percent of the russian market. well that's all for now but to stay with us for headline news coming up next. to me.

feel. to the limits. to the beasts . to me. me.

welcome back you're watching r.t. live from moscow here's a look at the top stories brushes odyssey to join the world trade organization is now closed today and after almost two decades moscow overcame the last hurdle on the way to accession by sealing a crucial customs agreement with georgia. util is borrowing costs heat or record high pushing the country to the brink of financial collapse and dragging global markets down that's despite the country's prime minister silvio berlusconi promising to resign as soon as parliament approves the stereo measures demanded by the e.u. . and western powers to push for fresh sanctions against iran polling the latest report on its alleged nuclear ambitions russia rejected the idea as counted for.