global news live from moscow city center this is r.t. with me to show you first to our breaking news for you this hour a commission in geneva has now cleared all the remaining hurdles for moscow's long awaited membership to the world trade organization laura smith has been following developments for us in geneva we will be crossing a live to her shortly here on r.t. . all right well i while some businesses are celebrating the accession others are preparing for a tough period of transition. as more and what will change in russia's economy once it 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 the four of us doesn't especially those in our case who come from the european union are

used to working on a ditto regime for the person on the street w two your 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 metallurgical 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 why so much the largest want in russia south producing harvested russia is going to book a school for months ahead and workers who can spot it. but the head 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 agriculture will tumble.

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. about the government's favored child but not all car makers in russia are cherished this used to be a thriving want to. open the nineteen thirty thousand. most successful years what the fifty's and sixty's when hundreds of thousands of my screech chorus 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 and must reach was out. the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period after joining the w t a wisely firstly entry to the w.t. have doesn't mean you instantly have to drop all customs tires and comply straight away 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 every culture timber and come making but at a certain point the state's industrial dependence will have to let go of its hands and walk on their own two feet in the world outside it but that should also be a somewhat easier place to do business in liver duction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the grouchy over r t scale. and of course we are always eager to know your take on the story so

today we're asking you who will benefit the most once russia is finally a member of the world trade organization or let's have a look now and see how the numbers are stacking up by the majority almost half of you here think that nobody will win the situation as the organization only adds to the big financial mess the world is already in it's equal now between those who believe that moscow's accession will play into the w t o's hands and that the membership is actually good for russia as it will boost its role in the global economy finally here seventeen percent say that russia will suffer rather than benefit because it will be unable to cope with the competition if you have a chance please log on to r.t. dot com cast your vote. carry on with the story here the commission in geneva has now cleared the final obstacles for russia to enter the world trade organization laura smith has been following the negotiations joins me live right now. laura good to see you it's been

a long time coming going back all the way to the mid ninety's what's what's the next step. that's right this is been a fantastically long process eighteen years it's lasted but today's really been historic moment we've seen this big working group we walked into the room earlier on today to watch these final negotiations taking place the representatives from all hundred fifty three current members of the world trade organization and it resulted in them bringing down the gavel quite literally on the documents that would prove russia's accession to the world trade organization then chief russia's chief negotiator maxime made was actually quite entertaining speech about what's a long process this is been he talked about the ups and downs the drummer's and even the comedies of this process and he said at the end actually russia is not fully satisfied with this deal but his main geneva lesson that he's learned is that if no one's really happy with the deal then it means that that deal is fair as far

as what happens next this is being the sort of the sort of documentary approval if you like and then later on in the year in the middle of december based documents will be passed to the ministers of the world trade organization and they will then formally approve it and it's only at that moment russia formally and so ceremonially to the world trade organization i was listening to your the results of the survey that you've been that you've been carrying out online that's very interesting i mean this sort of general feeling here i think is that russia will benefit from becoming a member of the world trade organization no matter how long it has taken in the end it will mean lowered barriers to trade with other countries it will also mean that russia will become more attractive to foreign investors because there's that set of rules that will be in place in the understanding will be amongst foreign investors that russia is taking a serious approach to economic reform and to efficiency and also the world bank says that in the medium term russia's economy will grow by three percent in the

long term by eleven percent as i say that process will really begin formally in december when the ministers meet and give their final approval to those documents and news their arteries are norsemen thruster live in geneva many thanks. what of course will be more opinion and used throughout the day right here is the working group session in geneva does continue to unfold plus. joining us here will open a new market for russian goods but also boost the desired foreign investments join me for our business bulletin to find out which companies will be good for us to cast. nearly ten minutes past the hour here in moscow prime minister silvio berlusconi is facing his last few days in office as italy moves closer to the financial brink the country is trying hard to restore investor confidence after its bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an hour in turn sparked panic in global markets amid fears that

berlusconi's successor won't be able to prevent the euro zone's third largest economy from sinking sarah further points. we've seen this year raising prices develop an unprecedented rate and it's least being the latest country that has been sucked into the debt spiral which then might be maybe it's the scene is boring holes. in the sun. it's an extremely dangerous territory now that's because most of that seven percent is the trigger point at which he still runs he says is ireland portugal in greece to see an emergency from. those who say the point at which investors start looking at the countries with a big. 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. company found that about one point eight trillion here has to be

a major problem the investors will say 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 i'm aimin that support is simply not in place that big. the usa needs wanted to have isn't ready because simply isn't there and that could really free a major problem prime minister berlusconi has said that he's going to be resigning you know putting himself told that he actually felt quite relieved by that that was very very right now in the country is the how and when the new government is going to be is going to provide a quick fix to the financial problems in the country. italy now seen as the greatest threat to the eurozone but crisis veteran greece is still in some oil power sharing talks of now into their fourth day and it's still not clear who is poised to be the next prime minister or the new government will have

to pass a new bailout plan which was necessary to get the latest eight billion euro learn the euro zone is demanding that the two main parties sign a backing. the debt deal with the opposition says there's no need for a written pledge mccrae the chief economics commentator at the independent newspaper says it's important to preserve the european union itself not just the euro. the big thing is to preserve the european union not to preserve the euro if the euro has to go that it's better that it should go and maybe when i say go that could be something called the euro which just applies to germany and its neighboring nations maybe france maybe three which. excludes italy and spain portugal and all the rest of them but it's difficult to do that but the bigger game is keeping something called the european union together even if it has to be a two speed europe and with the e.u.

financial troubles are no closer to being resolved max keiser provide their latest take on the situation of course in the concert report coming away now here on r.t. in just just about twenty minutes time. here's a fifty euro for all toilet currency all of your fifty euro toilet paper currency will soon be about as valuable as the star of the 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. do stay with us for the upcoming kaiser report now as we continue want to hear it r.t. us police in riot gear have classed with student protesters at the university of california berkeley after they refused to dismantle the camp tents were erected following a march against tuition increases for students which was part of the broader occupy

wall street movement several activists have been arrested and one protester told us here at our t.v. that someone indiscriminately beaten by police. police approached with full force with right here and baton and we didn't want to move nor i guess through they use their batons for that repeat jab was in the stomach and they were hitting us with their photons going people to the floor and then hitting them with with their night sleeps with their retirements as they're on the floor. they were they were point you'll cross the line and then the rest in the people that weren't doing anything they hit they had me repeatedly on the arms on the torso in the stomach and they arrested more students and they say they eat the students we repeatedly yell that we are nonviolent peaceful protesters but they were extremely cruel in their tactics with that with their sticks many people were injured i heard that one professor one of the professors our university was was protesting and she's in the

hospital or it's our school we pay tuition we pay tuition that's rising every year for less services class sizes are being cut and we decided it was time to take back our school and carrying out the momentum from the other occupy movements we thought this would be a good time. well the occupy wall street campaign against economic inequality has been sweeping the u.s. for weeks our correspondent in the united states or certainly one of them is. following developments as you can see here on her twitter page right now she says she reports of violent arrests have also been made outside. building in new york where people were rallying to defend workers' rights so you can quite easily log on to her page on twitter for. a quarter past the hour here in moscow now 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 that iran 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 which says sanctions might be used to force regime change in iran. takes a look. washington and european and 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 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 the oil 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 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 washington and 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 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 watched awkward poured serve as a justification to start

a war with iran but security experts say the consequences to such action would be catastrophic. right there of course you can always log on to our website for plenty more stories including beating the london eye the world's largest virus will double the moscow view is said to be built right here in the russian capital. the notorious group known as anonymous as its next target will be the muslim brotherhood web site find out of. when and why they say they're going to attack. at a time for the world update here on r.t. some other headlines for you now to japanese aid workers have been pulled from devry after an earthquake hit eastern turkey at least seven people have been killed in the latest disaster and schools are still trapped under rubble dozens of buildings collapsed in the city of as the tremor measuring five point seven in magnitude struck only

a fortnight ago another quake in the same region killed at least six hundred leaving many more homeless. israel's court has rejected former president ma appeal against the rape conviction ruling clears the way for him to serve a seven year term in prison was convicted of two counts of rape and other charges last december but was allowed to remain free while he launched an appeal. some arab leaders are reportedly offering asylum to syrian president bashar al assad to ease his departure from power this according to a senior u.s. official although we did not identify the countries that had offered to take a side when it comes a day after activist groups claimed around ten people were killed across syria by security forces in the latest crackdown but serious deputy foreign minister has told us here at r.t. the truth trigger for protests terrorist organizations from outside the country is the interview in full coming your way in about an hour and ten minutes from. those

who are provoking these developments want syria to go. through the civil war particularly when you correctly define those forces i'll tell you. that religious extremists say leftists drug traffickers and smugglers they have been provided with up to date technology of communication. by the will north forces from outside syria millions of those were smuggled into syria to encourage people to disturb the peace in the country and not to mention the tens of thousands of weapons that have been also smuggled in the into the country from here kitty from lebanon from iraq and all neighboring countries. you without a lie from moscow worse now i just picking up for twenty minutes past the hour time

now to explore i get another corner of the world's biggest country in our russia close up series. russia has a black sea coast isn't famed across the globe for its goal made dining yet some pioneers are trying to put the region on the world food map and went to see the local farmers and witness their struggle to get their get their delicacy is on the russian as well as on 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 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 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 mussels and oysters so we approached a company and arrange for a million rubles for a start up it's a risky business with a storm capable of ruining 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 about an appreciative if you're 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 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 wine with you the climate and weather a good for great grain here but yes is hesitant to try and make this into a proper business it's corruption that's putting him off just might throw a little list like an artist painting a picture that 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. 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 from a top brand improve ours is as good as any french wine but. at the moment you have to look carefully to find local wine and muscle 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 all right and let's get the hourly business up in here in r.t. with korea. welcome to business here now to good to have you with me as of been reporting russia spend given the green light to join the world trade organization and move as expected to open new markets for russian goods and also both the desire for investment and to the country taken now from what can stand explains which companies will rush to cash in first. i think it's going to be in business

services it's going to be companies legal companies insurance banking but it's the sort of area that will benefit because they will feel more comfortable about entering the russian law because it's north like turning a key in the engine starting it takes several years for the tariff cuts to come through it takes a while to change administrative practice is so i think we're looking at three to five years before you have the full impact of the accession but economists' of calculated there is a world bank study that people refer to a lot that will out about four point three percent of g.d.p. to russia over the medium term most of that about three percent coming from this increase in investment in services and another one percent coming from increased in russian exports or on national verna capital says well not all russian companies will benefit from the w t o in the beginning there will be a long term of that the. new w t o is designed to bring down barriers for

industries who want to reinvest into other countries and so you know russia just doesn't have that many industries which are effective exporting made goods outside of the natural resource sector and is very few berries internationally so sexually and i think good goods coming in from the outside will put pressure on russian companies to become more efficient and ms plame zero but you see the russian companies become more efficient and as a result of that you know goods coming in russia are becoming more competitive investment coming into the country everybody benefits particularly consumers at russia's oil and gas sector which provides more than a half of the country's revenues also hopes to benefit from entering the. the country's biggest private oil producer look or oil explains how. we are consumers of mechanical and machine building devices and we are big consumers so why for example so we do believe that texas today is likely to increase competition

on our inputs side which means that obviously any increase of competition if your suppliers. can be can be a good thing it widens the choice. he told for the reduce costs. let's look at the markets now crude oil is high on speculation that europe's economy may weather the region's debt crisis brant is trading at one hundred twelve dollars a barrel lights when it is over ninety six and a half dollars per barrel european stock markets are mostly higher in the afternoon italian stocks are in the wrong to ask traders i prospects for a change of leadership role the footsie is lower though pressured by losses from mining stocks with things that are the source is moving over four percent banks' balance back in five days shop losses and here in moscow markets turned negative are mixed this hour raw ts is down over half a percent and the music's is up just an all is

a look at some of the individual shackles on my sixty plus nafta is lot the solace for bankers losing a fourth of a percent and then have reported a more than a two fold increase in net profit for the first ten months of the year but that's on the russian account the fact that so much good news is also lower the company's earnings almost eight percent in january sometimes. i would suggest focusing on follow song making long term record report follows current levels. tractor also i see some value in russia euro bonds especially when russia. french room the world trade organization this may boost interest to russian assets and also. with the recent task to move on cause our style we can also expect some positive freight an actual song russia and i was trying to transform from triple b. to a single a category we might expect some really strong inflows from foreign

investors into russian assets. so this is all fit for this but do join us and forty five minutes for more on the summit.

of the who. gets. to. subsist superior to. the ship. from phones to. screen t.v.

. they're going. straight to our breaking news for you this hour a commission in geneva fully clears the way for. the world trade organization. overcome that moscow is almost certain to get an official next month after almost two decades of. happy with rising tuition fees riot squads. police. hundreds of students. push for fresh sanctions against iran following the latest report on its alleged nuclear ambitions russia has rejected.