the. rush is almost two decades long odyssey into the world trade organization as close to a man as moscow or comes a last hurdle to its session by stealing a crucial agreements with georgia. israel is borrowing costs hit a record high dragging global markets down and sparking fears that silvio berlusconi's promised resignation of one key 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 but russia rejects the idea as counterproductive. and archie's close of teams travels to the black sea coast to

discover how all the local girl made products are being made and why getting them on to dinner tables is proving difficult for. you watching r.t. coming to you live from moscow with me joshua welcome to the program it's the end of a long journey for russia a commission in geneva is set to clear all the remaining hurdles for a moscow's long awaited membership to the world trade organization 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 border trade between the two countries including the russian pact

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 realm and swiss analysts say are always possible but unlikely the package of documents on russia's access in 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 the world bank says double entry could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long terms coarseness reporting there now while sound businesses are celebrating the session others are preparing for a tough period of transition artie's a country in which all has more on what will change in russia's economy once it finally joins the cloud. 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 a darpa to. put a person on the street w. general 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 afforded goods drop and the massive companies also broke quicker with foreign markets opening up. for workers of these metallurgical company it all looks like a win win situation their most recent project is the north stream pipeline should they enter international markets they'll face very little competition. and this is lost so much the largest loss in russia's south producing harvester crushers is

what a book is full for months ahead and workers who conspired. but the head of the company has a rather different outlook to that of the w t o cheerleaders with oil and gas will be in demand even without entering the. well agricultural. egg recall chu will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most 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 i promise to put in with more than one billion dollars in loans cash and guarantees. after the government's favorite child but not all car makers in russia are cherished this used to be a riving lots of musk reach zero point zero nine hundred thirty most successful

years what if the fifty's and sixty's where hundreds of thousands of must reach cars flooded the soviet and foreign markets after the collapse of the soviet union my screech was in desperate need of money but the government could not have sworn to loss making copper juices i must reach was out. the only way to avoid the collapse of yes and now the industrial giant experts say is to use the transition period after joining the wisely closely entreats the w.t. have doesn't mean you instantly. turn it on complying straight away the transit so-called transition period roughly seven years or so 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 have to let go of its times and work on their own two feet in the world outside it but that should be

a somewhat easier place to do business in lieu of duction of customs tariffs and trade barriers to a more level playing field across international markets. if you aren't. well we are always eager 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 this is how the opinion is divided so far the majority thing nobody will win in this situation as the organization only adds to the big financial mess the world has already and it's almost all between those who believe that moscow's accession of a plane to the w t o's hands and that russia will suffer a rather benefit because it will be unable to cope with the competition and finally only fourteen percent of you say the w t o membership is actually good for russia as a would boost its role in the global economy so cast your vote at r.t. dot com to let us know. well there will be more news and opinion throughout the day

of course right here r.t. as the working group session in geneva unfolds plus. what is excess into the government here will open new opportunities for business in the country find out about the advantages and disadvantages of during the world trade organization in our business bulletin. of prime minister silvio berlusconi's facing his last few days in office as italy moves closer to the financial drain its bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an e.u. bailout and that's part panic in global markets amid fears berlusconi's successor won't be able to prevail on the euro zone's third largest economy from sinking r.t. sara for its reports. really seen this year easing crisis developed at an unprecedented rate and its least being the latest country that this has been sucked into the debt spiral for which there might be no return if the scene is boring

calls cause that's been this and that this is an extremely dangerous territory now that's because the market does seven percent is a trigger point at which he saw countries such as ireland portugal and greece top to see an emergency from the year is saying and the i.m.f. those who say the point at which investors the looking at the countries that is with a big that's in this league 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 are also going to be looking at whether the year is in has the resources to then lenses in the eventuality that of other lenders don't pick up the name and 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 and that 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 told that he actually quite relieved by that i was very very clear right now and the country is the how when the new government is going to be pulled is not going to provide a quick fix to the financial problems in the country. so our first reporting their policies are mostly responsible for italy's economic problems and that's the view off policy involvement specialist power phone. infect the problem of easily ease of course that but the major one is no growth the absence of growth which is imposed by the policies at european level led mostly by the german decisions on how to handle the momentary union this is cozy little to the balance in the country i think we are edging towards a very dangerous area which is that of the us grades of the high sprayed with the

german bones which of course will look really impossible situation in the stock market the effects of this will be the collapse of the system but this will create a house in the country instead of a solution. well 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 and new bailout plan which is necessary to get the latest a billion euro loan euro zone is demanding that the two main parties sign a letter backing the dad deal but the opposition says there's no need for. talks in a new prime minister cabinet will resume thursday and with it use financial troubles no closer to being resolved max kaiser and stacy herbert provide their

latest take on the situation in a kaiser report that's coming up later today. there's a fifty euro roll of toilet currency all of your fifty year old toilet paper currency will soon be about as valuable as the store the paper this is all available nightly printed up in this beautiful display case that you can show in your host and tell your kids all about what happening europe. you as police in riot gear have clashed with student protesters at the university of california berkeley after earlier refused to dismantle their camp tans were put out following a march against tuition fee increases for students several activists were arrested and one protester told r.t. some were and discriminately by police with the times. police approached with full

force right here and tongs we don't want. to use their tongues for the job was in the stomach and there is a very good. point people to look for and then remember with their mates that there were talks as there on the floor. they were there for if you'll cross the line and arrest him there are people that weren't doing anything. they had me on the arms on the torso in the stomach and they arrested more students and. students the reviewer yelled that we were nonviolent peaceful protesters but they were extremely real in their attack it's with their sticks many people were injured i heard one professor festers our university was was protesting and she's in the hospital and. well this rally in berkeley is part of the occupy wall street movement against economic inequality that's been sweeping the u.s. for weeks now with correspondents and the state following developments reported to

tell her responses from police and other cities as well so well go on to our web page on twitter for more on. the u.n. atomic watchdogs latest report on iran is alleged nuclear ambitions has split the international community the i.a.e.a. offers no definitive proof iran is actually pursuing a bomb but its findings still prompt 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 are she's gone and she can't takes a lot. washington and european in 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 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 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 go through 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 say all options are on the table despite tom frederick coming from both israel and the u.s. many agree that washington in tel aviv are most likely to use the record 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 out fears that iran continues to research our

nuclear weapons 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 war in iraq he 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 doc report serve as a justification to start a war with iran but security experts say the consequences to such action would be catastrophic. reporting there there were any ambassador to the international atomic energy agency has told her t.v. around as a transparent as any country can be calling the latest report on its nuclear program politicized. this report is not professional and not bad with political motivation and the political pressure by the u.s. and couple other western countries this report has an an excel fifteen pages of the

allegations and the materials which were handed over only last week to us in the company should man there read the ten pages of the report of director general which says that all activities including a retirement are continuously under to safeguard inspection the only second part which is the n.h.s. is above the american allegation the important thing is that we are party to and p.t. all activities are on there or they are. even on this is that shark short visit don't announce inspection this is great and we two months ago invited b.p. to director general the i.a.e.a. could even visit the r. and d. of scientific richmond can you give me any example that any inspector being permitted to any sense in any other part of the war and paul craig roberts who worked on ronald reagan's administration believes the purpose of the i.a.e.a. report is to paint a way for a long planned military strike against iran. we now have

a report which doesn't really say anything there's no evidence and there's just some innuendo and washington will not spin this innuendo to try to prepare the ground as they did the right time for a military attack based on nothing in fact the reports yes there's no evidence of any diversion of it in your column tara that there's some sort of hype about it working on a trigger for a nuclear bomb but everyone knows a ranch and not. enrich uranium to the extent necessary to make upon bayview and 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 their aims 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 now what it doesn't years. well on to our web site for plenty more stories including students taking to the streets of london on mass to fight funding cuts and soaring tuition fees or face a wall of police also an anonymous haplogroup val's its next target will be the muslim brotherhood web site find out at article called when and why they say they're going to attack. a look at some other stories from around the world and 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 early rescue efforts dozens of buildings collapsed in the city of van as the tremor measuring five point seven magnitude struck comes only

a fortnight after another quake in the same region killed at least six hundred leaving mannie more homeless. some arab leaders are reportedly offering asylum to syrian president bashar asad to ease his departure from power and that's according to a senior u.s. official although he did not identify the countries that had offered to take a sit in it comes a day after activists groups claim around ten people were killed across syria by security forces in the use crackdown but syria's deputy foreign minister has told r t the true trigger for protests are terrorist organizations outside the country is interviewed in full is about ten minutes. to provoke these developments well. it's a good war particularly when we could be fighting those forces. with religious extremists solipsists drug traffickers. smugglers

they have beautiful. up to the knowledge of communication. by the woodward forces from outside syria billions of those were smuggled from syria who would go to people who. disturb the peace in the country and not to mention the tens of thousands of what ones that have been also some of the into the country from here from lebanon from iraq and all neighboring countries. time now to explore and other quarter of the world's biggest country in our russia close. the russia's black sea coast isn't famed across the globe for its main dining yet some pioneers are trying to put their region on the world's third map tom gardner

went to see local farmers struggle to gather their intelligence is on the russian as well as the global market. gourmet treats from russia's coast but these luxury food producers are struggling to find a market this is the only muslim family 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 when the country collapsed science collapsed again we were fired from our jobs in america research center we were good growing muscles and oysters so we approached a company and arranged a million roubles for a start up it's a risky business with a storm capable of ruining a year's work 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 we started asking for more mussels mussels and oysters are currently very popular in russia in fact the efforts of these guys are unique here but we're hoping to grow markets that are under water bounty not the only one place in a table. but this has been yard and 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 his kid is that 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 yours. the climate and weather a good for great britain here but janice is hesitant to try make this into a proper business it's corruption it's putting him off yes martin or a little is like an artist painting a picture if i wanted

a serious business i'd be too scared of corrupt officials taking it from me or what with a creative approach i'm not scared of people in authority are the ones who should be kept from power they do not respect our citizens ganesh 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. but he still loves the region and hasn't given up hope of making it up to the north he is to simply add great growing areas in russia this is a favorable area so if your thirty's don't interfere we can promote our brand improvement 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 dining tom bottom party. part of the i'll be back to

recap of our top stories in just a few minutes before they add though we'll get the very latest from the world of business care in america is here with us in the studio. thank you marina our welcome to our business bulletin this hour the moment of truth is almost here for russia to join the world trade organization else goes accession to the club will open your opportunities for foreign business in the country i mean it's a mess the companies will face tougher competition however chris we've heard from truck and alex as for most changes are not likely to come so. i think some industries would love to see face competition immediately. abstention services insurance companies and other french service members would be able to establish fully own domestic subsidiaries and they're expecting to come in fairly quickly but the other hand if you go down say to some of the consumer sectors and perhaps cement factory in particular sector where prime minister putin is already said to

be he's looking for a grace period to allow russian companies to adapt and to improve to get 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 reason this research. and looking at the markets now crude oil is trading higher today low as investors speculate that recent gains were exaggerated prices a little change up to drop for the first time in six days might strike asian markets drop on thursday tracking steep falls in the us well not its plunged more than three percent investors were dumping stocks after sergeant talian borrowing costs trends nikkei is losing money three percent hong kong's hang seng is valid over five percent this hour financial firms and exporters among the hardest hit throughout asia commodities are also weak trading house and so we lost five amps right in talking about energy major impacts dropped five percent and european stock markets started the trading session lower as well could see have a crack at both losing over one and

a half percent. and here markets in moscow markets are in the red following a poor performance for the rest asia and europe the protests are trading in the red and that's at this hour here's a look at some of the individual channels of i six crossing up down more than two percent bankers losing around or over a little slightly over a percent this hour the lender has reported a more than two fold increase in net profit for the first time on something here that's under russian accounting standards but he's also down the company earnings from almost eight percent september his it from alpha capital. i was just focusing on i could afford follows on making a long term record report follows current clouds cross relegations slope tractor also i see some value in russian euro bonds especially when russia just ran through the world trade organization this may boost interest to russian assets and also

with the recent harassment the move on or star we can also expect some positive rate and actions on russia once russia transformed from triple b. to single a category we might expect some really strong inflows from foreign about strikes into russian states. it's a hard drive corral a plans to invest more than four hundred million euro to both its presence in russia the company says it aims to become the country's second largest tire producer and went around twenty percent of the market and several years already has agreed to buy to make some european part of russia and wants to improve capacity to around ten units a year currently the company has less than two percent of the us market. so we have to have an elegant look the more the government here excessive and the next programs.

and discoveries museum. the a ammunition with the want to. test yourself and become free. to. see what nature can give you.

the. closer team has been to the richer for technological breakthroughs say humanoids. now go on she goes to the sea. the unusual ways to. technician. performing pioneer plays local cuisine to the highest pitch. and where future developments depends on the way. russia's black sea coast should close up on hard to see. its.