granted many articles of it took four seasons hotel the sultan which no. signs sealed and still it crosses access into the world trade organization is finally agreed after eighteen years in the making for me in geneva in just a moment. also this hour an r.t. athens announces the veteran voice president of the european central bank as its new premier sparking indignation on greek streets over the perceived loss of yet more sovereignty to the e.u. . israel may strike iran by the end of december that's according to reports citing british intelligence sources after the findings of the un's atomic watchdog sparked fresh concern over to iran's nuclear program our top stories this hour.

international news uncomment live from moscow this is r.t. with twenty four hours a day so russia has been finally granted accession to the world trade organization after almost twenty years of thorny negotiations the commission in geneva has finalized over all terms for the long awaited membership which will happen in december or to your smith was there. there's a document in circulation which is all the terms and conditions it weighs three and a half kilos and it amounts to some seven hundred pages now i haven't had time to read the whole thing and i doubt that i'm in the minority but can only imagine that it's full chockablock of painstakingly negotiated compromises which are taking place over that all that amount of time but in fact what the significance is is

a question that the chief russian negotiator maxime says that he has been asked repeatedly over the last eighteen years what just what is the point of this and he pointed out during a media conference that took place of the gaveling of the documents as they call it here he said that it's true that russia first applied for membership back in one nine hundred ninety three when its economy was in pieces and over that period of time russia has rebuilt its economy without the help of the world trade organization so it is now the sixth largest in the world but he said that despite that we russia now does ninety percent of its trade with members so membership of that organization is sort of a level playing field in terms of doing business it was still very important he talked also about the ups and downs of of the negotiation process the draw the comedy and he said that the most difficult moment moments had come when they were negotiating the natural gas terrorists and also the terrorists for the agricultural

sector in russia but he says that but now they've come to this agreement he's not fully satisfied with the deal but he says that it's an important geneva lesson to learn that if no one's really satisfied with the deal and probably means that it's fair for everybody he said he's also negotiated a reasonable period for making adjustments to tariffs between three and four years they will have to bring their tariffs in line with the rest of the world trade organization and the organization itself says that now one hundred fifty million russian consumers will be. they have access to cheaper prices for a whole range of goods i don't think the world bank says that in the in the medium term russia's economy will grow by three percent in the long term by eleven percent says i say that phrase this will really begin formally in december when the ministers meet sounds and give their final approval to those documents smith reporting there and to talk more on the implications of russia's entry to the w t o i'm joined live now by the organizations director general pascal lamy well russia

is among the world's top economies as we just heard there in fact the sixth largest in the world so why has it taken this long for it to be invited into your club. world trade negotiations. often take quite a long time. because. the result of a true negotiation which means more market opening which is. better living. as an impact of domestic economy can socialize that some like it others not like it those we benefit from that of course like it and those who we suffer from trade or breeding let's be frank even if you'd see some game the overall. gains and losses is of

class so we'll have to adjust and this understandably creates some resistance at home all right you say those there are those who will suffer those who will benefit what about the russian people in what way will they benefit perhaps. well i think it's it's it's good news for russia is good news for russian trade partners and it's good news for the world trade organization it's funny how we russia but if it first russia would be able to diversify its economy more quickly. me russia's insertion in international trade as we know for the moment. he's not really diversified what russia exports of the rest of the world is mostly energy or energy related products so through this further up and into a shot of international markets by russian exports the russian economy would be

able to the us and find russia gets an insurance policy against protectionism a which is what binds your members together russia gets a quarter for foreign direct investment experience proved and we've had that in recent taxation something china of course but also vietnam so you're right yeah that after accession. froze increased rather rapid b. because of the conviction not by international investors that the russian economy is now wrong through normal knock it is going to be predictable stable groups. well just talking about the russian economy and its image very much tarnished of course about those claims that it's a very difficult investment climate for foreign business miss business is bearing in mind accusations of corruption and bureaucracy what really makes you think that

that climate could change so quickly in favor for foreign investment. well what what leads me in this direction is again experience with previous accessions now not the joining w t o creates a hundred percent guarantee for business that the rule of law all that no corruption will be there i mean our discipline i were. the world trade organisation the rules based system are good not cover each and every part of business or trade life got the main pillars of. what can be called a transparent jus process a legal basis of their ought to the countries in these documents russia to move it so that each joins the level of safety security transparency which

all the markets are going to be stateless have joint. or after they got into the world through well addition a little earlier you talked about those who could suffer from this agreement you painted a very positive picture in the way that the russian people and indeed russian business could benefit from this and will indeed benefit but there are all those who say this really could mark the death sentence for domestic manufacturers the agricultural sector here in russia banks and car production will now face unprecedented competition what do you say to that. well i mean it's it's a fair question and it needs to be uncertain first and foremost by russian authorities but let me take your example i agree culture ease as a result of this accession. russian agreed culture totally open to world trade no russian keeps protections in agriculture there are no work but it

keeps protection it keeps a capacity which he's kept to subsidize and so we culture it keeps for a certain period investment regimes which by the way by today rules of the riccio are not compliant and some of these traditions go on to look twenty eighteen twenty twenty five of course the russian negotiators have not sort of opened the russian economy big back to world trade there are transitions and russia keeps the rift keeps whether it's the manufacturers when every culture keeps on capacities to modernize its economy we talk about the perhaps some might say a hidden agenda behind this disagreement is an old saying of course that business and politics should never mates but they're all those that say this is exactly what's happening here that the w t o is now becoming more about politics than

economy how would you answer not charge. well i mean i think that if that was right. it probably wouldn't have taken eighteen years for russia to join the organization the reason why it took so long it is because there was a lot of technical complex adjustments to make on the russian side take one example which is a sunny theory and fight those that interest anders for instance russia had to revamp. each system of seventy three and five percent interest and control practices all this takes a long time w t o is an organization which countries join when they are ready to join when they have. adjusted their own trade and investment intellectual property regulations to the standard plus of course this entreaty

in further worrying their economy and i have no doubt that russia in the future and china and i get to play your game in a recent example we keep moving in this direction we have had no case so far of countries having made an effort to join the world trade organization and then stepping duck we are a system where countries bind their obligations and once they are bound then if you don't comply with the commitment you do then we have a dispute with them and system which educates is cute and where countries are obliged to comply with these determinations and what so said the strong base system yes it was because we heard in that report and you've said that there have been areas of disagreement you think there are some issues that could come back and

haunt both sides a little later on and we would perhaps have to see those type of speeches being enforced. where it's sort of question of abiding by the rules of a country has such right. the name of the game is when you join the organization you can meet to comply to the rules of the realization if there is a problem not if one member of the organization believes another member of the organization does not comply by the civilian schon then we have a dispute settlement system which we need legally with law with the judicial process judy gate who's right and who's wrong and for some countries this represents a step forward into a rules days that mystique and legal system just one final question the global economy is in tatters well throughout much of the world now can russia really play

a major role now and help improve the situation now it will be joining. just briefly. i think frank answer to a question it's short term no you're right well the economy is not in good shape but one of the ways to exit this situation which i recognize and we discussed the story in the g twenty in cannes he's not good one of the ways to move out of this crisis is to open more trade fight against protectionism and the fact that russia joint that i visit very moment is also a symbol of the value of these multi-layered through system of rules in that it heads economy growing including tide which are difficult like the ones we are in in the world economy director general of the w t o l m e thank you very much indeed for your time we appreciate you joining us here in our own r.t.

thank you my pleasure. well we're always eager to know your take your view on the story on this development with the doubly trio and today we're asking who will benefit most now that russia is to become a member of the world trade organization areas that i've just been discussing there in a live interview let's see how the numbers are stuck here for the moment on screen the majority still think they'll be no winners as the organization only adds to the big financial mess the world's already. w.t. i'm sure it's actually good for russia has little boost its role in the global economy and with the same amount believe that moscow's accession will play is about hands while the remainder think that russia will suffer because it will be unable to cope with the competition cast your vote at r.t. dot com good to hear from you. greece's analysis next prime minister lucas papademos the former vice president of the european central bank will now take over the reins of the embattled country if those four days of active talks between the outgoing pm george papandreou and the main opposition leaders on a new unity government incoming premier a staunch e.u.

back on its new administration are said to be sworn in on friday with the immediate tricky task of introducing more austerity in return for continued e.u. bailout political analyst peter believes that much of what the crisis is about is hidden from public view. we have to turn the clock back to the original collapse of the world economy because this was no accident it was a very well planned exercise and as we know ireland became the victim portugal and now greece and apparently spain and italy likely to follow it really doesn't matter who's in power there are people that are controlling this situation and we also have to understand that there's massive. could we say massive corruption fraud taking place and tax evasion in most countries that are actually creating this problems remember that they can take out any country financially or militarily that they want to take out their priorities are one to secure the world's natural

resources the second one is to control the markets for those resources and thirdly to control the gateways to see the rains and the pipeline routes when you have control of it you've basically got the the world in the palm of your hand controls the finances of the world controls the world and this is what we're looking at here . but with the dawning realisation in the e.u. that greece may already be too far gone r.t. is max keiser and stacy herbert off of their view uncensored view of the situation and a close report is coming when the next stop in the meantime here's a brief previously. there's a fifty euro brawl toilet currency and all of your fifty euro toilet paper currency will soon be about as valuable as this toilet paper except this is all available namely printed up in this beautiful display case that you can show in your house and tell your kids all about what happened in europe.

israel may be preparing to strike iran as early as the end of december that's the warning reportedly voiced by some of the british intelligence services this comes after the. latest report ramped up tension over iran's nuclear program by saying it can't exclude iran is working on nuclear weapons. or is watching developments for us. according to british intelligence chiefs israel would launch a strike against iran to stop it from developing nuclear weapons as soon as christmas according to sources in the british government if not christmas then the beginning of next year with these sources saying that israeli military action is to be expected sooner rather than later and that it will be action that will be supported logistically by the united states not in recent weeks we did hear from the british defense ministry they confirmed that they have contingency plans in

place should the u.k. decide to support military action against iran here in israel prior to the publication on tuesday of the report by the international atomic energy agency the israeli defense minister ehud barak warned iran of a possible israeli strike he said that all options are on the table and when israeli officials use that phrase all options on the table it really does need military action the israeli president shimon peres has also gone on record saying that an israeli military strike is more likely than any kind of diplomatic solution we have had a response from iran's supreme leader ayatollah who has warned both the united states and israel that if they strike iran they must expect a tough harsh response from tehran he said and i'm quoting that we are not a nation to sit back and watch materialistic corrupted and rotten power was threatening iran we will respond with a strong slap and an iron fist he spoke about

a graces and invaders being snatched from within not just yesterday wednesday the radian president mahmoud ahmadinejad's responding to that i eighty a report he slammed the report and he said that he ran would not stick that one iota from developing its nuclear program he said that the report was a lying on the basis of u.s. claims that iran is building a nuclear bomb. russia's state atomic company. tom is considering building new power generating units for iran's bushehr nuclear plant now this comes just after the latest reports said it couldn't disprove the run is attempting to build atomic weapons and i spoke to the corporation spokesperson said you know because he said if the project does go ahead it will be on full display for the i.a.e.a. to observe the first union show nuclear power plant is a unique international project because lots of countries including western countries are involved in to implementation of this project and all the jobs which

was done by russian special use was done under the full control for i saw. possible implementation of a possible construction of next units as well implemented under the full international control off united nations watch dog experts it will be absolutely transparent for international society we care for greater business can use and offer nuclear fuel supply where we say they're ready to provide a new nuclear power plant to have nuclear fuel for all the lifetime of the subject and then be fuel fresh in origin spent fuel we are taken back to so it means so that international society can be absolutely sure that all the russian fissile material will be controlled by russian federation. internet users have been left shocked after videos of alleged police brutality against student protests at the university of california emerge

a line that clearly show officers didn't hesitate to use their batons to beat the young activists before arresting them after they refused to dismantle their makeshift camp r.t. talk to one witness and his would have to say. police approached with full force with right here and the towns we don't want to move but in order to they use their tongues to repeatedly jab us in the stomach and they were in yes but there were times when people to the floor and then he remembered their night six and there were tons as there on the floor they were there point you'll cross the line and arrest in the people that were in to me anything they hit. me on the arms on the torso in the stomach and they arrested more students and. the syrians we repeal yelled that we were nonviolent peaceful protesters but they were extremely real in their tactics with that with their sticks many people were injured i heard that one professor pressers our university was was protesting and she's in the hospital and

out pay tuition that's rising every year for less services. and we decided they were signing take back our school and tearing up the momentum from the other i was proud moments we thought this would be a good time. to defeat it our view on the school come is the best way to stay fully up to date with the latest news from the protest site you can also follow our correspondents tweets for links to the most recent videos found that lucy couple of twitter stream including the full videos of that reported police brutality. to some of the international stories in brief head of the business news rescuers have been working nonstop in eastern turkey for than a five point seven magnitude earthquake it struck the same region which was hit just two and a half weeks ago by another large trauma which killed more than six hundred people that. its latest disasters already claimed at least eight lives enough dozens trapped under the rubble of twenty five buildings that collapsed one of the structures brought down as a hotel in use by aid workers and journalists covering the aftermath of october's

tragedy. in seoul police use water cannons in an attempt to break up a demonstration after felsenstein to the streets and the free trade agreement with the us protesters claimed the deal will only benefit american companies while jeopardizing the self korean economy u.s. congress ratified the agreement last month when room party plans to push the deal through parliament next week despite stiff resistance from the opposition. to bring it up to the moment as promised in just a few minutes from now the business news with stay with us live here in moscow.

in some petersburg call she's available in hotels a story and a little ambassador in a small school to kowtow to triple the soto the tricycle toto golden. ski lift you see on the ski business. hello and welcome to the business program as we've been reporting russia has been given the green light to join the world trade organization a move is expected to open new markets for russian goods it will also boost the desired foreign investment into the country russia's chief w. cio negotiator who seem to be it explains the most difficult points in an eighteen

year long marathon. the most difficult thing usually since we're all neutral. and only one culture is really going. on a commitment to bring our forces in line with international presence because it was here. so i think it is good traditions with. their different circum it can. not change the current immigration sinner's prayer to a prosecution gets a russian think. there is it is for. me since he. will be able to spend more money to support our farmers. solution in five years in five years will go to occur in support which will enable us to complete our course is certain. and russia's w t o entry will boost competition making life for many russian companies difficult but the bottom line

will be better corporate governance and improved investment climate says the chief economist from daughter bank as the highest order. in terms of transition it's the longer these transition period still better and the length of the transition period will be as long as seventeen years so this should provide enough time for russian producers to prepare for the inevitable which is now going to be a significant increase in competition from abroad daryn term is going to be a major agent of change in russia store for etc the threat of will competition is likely to force russian producers to improve corporate governance to forge ahead with efficiency improvements. let's have a look at the markets oil is high on speculation that europe's economy may weather the region's debt crisis bryant is now trading at one hundred thirteen dollars per barrel while the light switch is hovering at ninety seven dollars. your stocks have

rebounded doesn't just throw and energy firms are on a rally overshadowing a drop in at all of the companies slipping over two percent after cleveland research cut its forecast for i pad sales. and european stock markets more mixed at the close the fruits declined but the point seven percent higher and finally here in moscow the markets finished thursday's session and while there are chairs in the white sets both gave more than one percent at the close of play now let's have a look at some of the individual share moves on the my sets was never gained point four percent was up more than one and a half percent the lender has reported a more than two fold increase in net profit for the first ten months of the year under russian accounting standards food retailers lower the company's earnings have jumped almost eight percent in general september alexander rifkin from the triple wraps up today's trade for us. i would describe it as only making the two missing

something like the. world was some reward. to get to those for a moment some positive trends in the world process and your speech from similar as usual will happen so recently on the extreme of one small number while you're still trick and it's all in story you're more than a quick story for mom i'm. scrolling up and somebody walking up will be even useful for me probably easily american officials. but the more europe today it's another business update for you in less than fifteen minutes time.