moscow this is r t with you twenty four hours a day good to have you with us this so russia has been finally granted accession to the world trade organization after almost twenty years of negotiations the commission in geneva has finalized overall terms for the long awaited membership which will happen in december ortiz or smith spinners. there's a document in circulation which is the 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 there but i can only imagine that it's full chockablock of painstakingly negotiated compromises which have taken place over that all that amount of time but in fact what the significance is is a question that the chief russian negotiator maksim 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 after the gathering of the documents as they

call it here he said that it's true that russia first deployed 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 that it's now the sixth largest in the world 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 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 that 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 that probably means that

it's fair for everybody he said he's also negotiated a reasonable period for making adjustments to tariffs in 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. i have access to cheaper prices for a whole range of goods but of course there are also disadvantages in this and my colleague catarina gretsch over has taken a look for us at the pros and cons of membership for russia of the world's largest trading organization let's take a look at the report for the person on the street w t o membership will not be just something we'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of in florida goods drop and domestic companies also grow 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 raw so much the largest plant in russia south producing harvested rushers is because food 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. 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 of 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. out there as is the government's favorite child but not all car makers in russia are cherished this used to be a thriving. open the ninety. thirty its most successful years were 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 afford to loss making car purchases and muskie choice cost 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. doesn't mean you instantly have to drop all customs tires and comply straight away there's a 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 car making but at a certain point the states industrial dependence will have to let go of its hand 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 the reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the gretsch over r t. and the director general of the world trade organization told me a little earlier it's very significant that russia's join the club at the time the global economy is experiencing such difficulties well the economy is not in good shape but one of the ways to exit. these situations which i recognize a when we discuss the the last week in the g twenty in 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 but russia joined with this very moment is also a symbol. of the value of these monkey that rule system of rules and in that it heads economy growing including. which are difficult like the ones we are in in the world economy joining w cio creates a hundred percent guarantee for business that the rule of roll that no corruption will be there i mean where does it play in the our rule. the world trade organisation he's a rules based system do not cover each and every pot of business all trade life but the main bidders on. what can be called a transparent jew process legally based system all their all to the

countries in these accounts russia to move it so that the joins the level of safety and security transparency which all the markets are going to be status have joined when off they go out into the world trade organization. we're always eager to know your view on the story and today we're asking who will benefit most now that russia has to become a member of the world trade organization so let's see how the numbers are stacking up at 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 in. membership is actually good for russia as little boost its role in the global economy almost the same amount believe moscow succession will play and to be w t o's hands for the remainder think that russia will suffer because it will be unable to cope with the competition party voted r.t. dot com good to hear from. greece's announces next prime minister lucas

papademos the former vice president of the european central bank will now take over the reins of the embattled country it follows four days of hectic talks between the outgoing pm george papandreou and the main opposition leaders on a new unity government in coming premier a staunch e.u. backer and his new administration and 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 as told me that he believes 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 a victim portugal and now greece and apparently spain and italy are likely to follow it really doesn't matter who's in power there are people there to control in 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 factually 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 the sea lanes and the pipeline routes when you have control of this you basically got 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. the greece may already be too far gone ati's max keiser and stacy herbert offer their own uncensored view of the situation because report is coming up in the next hour but here's a preview. 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 nicely printed up in this beautiful display case that you can show in your house and tell your kids all about what happened in europe. and it's coming up this hour on what the next hour so very soon here on our t.v. kaiser report for you. israel may be prepared to strike iran as early as the end of december that's the warning reportedly voiced by some in the british intelligence services this comes after the un's atomic watchdogs latest report top tension over iran's nuclear program by saying it cannot exclude tehran is working on nuclear weapons. is watching developments. according to british intelligence chiefs israel will 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 soon a while other than later and that it will be action that will be supported in a just a creek 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 pointed 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 is ladies 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 mean 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 ever spawn's from iran's supreme leader the ayatollah i mean cumani 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 through to me randi we will respond with a strong slap and an iron fist he spoke about a graces and invaders being smashed from within not just yesterday wednesday the radian president mahmoud ahmadinejad's responding to that i eighty eight report he slammed the report and he said that iran would not step back one iota from developing its nuclear program he said that the report was relying on the basis of u.s. claims that you rand is building a nuclear bomb. russia's state atomic. is considering building a new pellet generating units for iran's bushehr nuclear plant this comes just after the i.a.e.a.

latest report said it couldn't disprove that iran is attempting to build atomic weapons but we spoke to the corporation's spokesperson said again novikoff who said if the project does go ahead it will be on full display for the agency to observe the first see union show nuclear power plant is a unique international project because so lots of countries including western countries are involved into the limitation of this project and all the job which was done by russian special use was done under the full control of i eighty eight so. the possible implementation of the possible construction of next units will be as well implemented under the full international control off united nations watchdog experts it will be absolutely transparent for international society we have great abyss mechanism of nuclear fuel supply where you say that we are 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 they are taken back 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 online they 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 or to talk to one witness and here's what he had to say. police approached with full force with right here and batons we don't want to move but in our guests who they use their batons to that repeatedly jab us in the stomach and they were in us but there were times when people to the floor and then hitting them with it with their nightsticks with their returns 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 the syrians we repeal e.-l. 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 one of the professors our university was was protesting and she's in the hospital and it's our school we pay tuition we pay tuition that's rising every year for less service is class sizes. and we decided it was time to take back our school and carrying out the momentum from the other our supply movements we thought this would be a good time. to feed the school column is the best way to stay fully up to date with the latest news from that protest site from our correspondents tweets for them to the most recent videos you can find them at least a couple of twitter stream including the full videos of the reported police brutality. russian space scientists are struggling to get the country's first

interplanetary mission in fifteen years back on track they've been trying to reestablish connection with the probe which was north pole when the state was you to head to the biggest martian moon for boss but technical problems mean it has become stuck in orbit. as the details. at the moment the theories around which probably what problems caused the probe to be stuck in orbit around the earth after its takeoff split into two camps whether it's a problem with the software of the probe or a problem with the hardware of the probe now it's a problem with the software that's something that potentially can be fixed now one theory that's been put forward is that it's a problem with the navigation system of the probe these type of probes when they're launched initially use the sun as their main focus point for navigation and then that navigation system switches over towards the stars now they some people believe that this probe has failed in switching from the sun to the stars and if they can

send a software patch and upload that to the probe it should be able to go about its mission just a few days late now the big problems come and arise if it turns out to be a problem with the hardware the. contains seven tons of highly toxic fuel because this fear was intended on sending it from the earth to the moon or mars and then back to earth so there's a lot of a fuel on board there one nasa expert is referred to the phobias probe as the most toxic falling satellite ever so this is a problem that off course most of the russian space agency are facing that they may have to come up with some kind of contingency plan to deal with a potentially toxic. problem caused by the fuel that's on board this probe peter all of them no here on our team invite you to the black sea coast as our close up series continues to explore the most amazing corners of russia.

right now the region is one of the most popular resorts for russians but the president our region is hope to appeal to a much further and wide audience with food at its heart local produce as a slowly taking steps towards putting the region's riches on the world's most exquisite tables and that is tom barton talk to the pioneers of the industry and find out about the hurdles still to be overcome there you go i'm a treats from russia's coast but these look three food producers are struggling to find a market this is the only muslim oyster farm in the area just off the black sea coast it's run by forex scientists who used 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 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 they're hoping to grow markets for the underwater bounty but 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 wine the climate and weather a good for great britain here but yes is hesitant to try and make this into a proper business it's corruption that's putting him off yes my through 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 but with a creative approach i'm not scared the people in authority are the ones who should be kept 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 productive or birth yes there are some good great growing areas in russia this is a favorable area so if the authorities don't interfere we can promote our 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 producers on russia's black sea coast but who knows within a few years this region could become a center for gourmet russian dining tom barton r.t. or stay updated now on the world's economy lotty because our business bulletin is next with.

brighton if you are about song from funds to. start on t.v. don't come. alone that are well welcome time to get the latest from the world of business and as we've been reporting russia has been given the green light to join the world trade organization the move is expected to open new markets for russian goods it will also boost the design for you investment into the country russia's chief w t o negotiator mixing with vehicles explains the most difficult points in an eighteen year long marathon. the most difficult negotiations on which will be. on

agriculture is very relevant to agree on the commitment to. our policy and regime to mention because it was a process that was so complete is negotiations with. their different circum it. will not change the current regulations in respect of prosecution against a russian. citizen. very seriously to be able to spend more money to support our. large solution people in five years and in five years will go to a current support which will enable us to complete decision of our culture sector. and russia's w t o entry will boast competition making life for many russian companies difficult but the bottom line will be will be better corporate governance

and an improved investment climate so says the chief economist from deutsche bank yourself a civil. in terms of transition period still longer these transition periods the better. 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 going to be a significant increase in competition from abroad that in turn is going to be a major agent of change and russia's corporate sector and the threat of competition is likely to force russian producers to improve corporate governance to forge ahead with efficiency improvements. but some look at the markets oil is high on speculation that europe's economy may weather the two region's debt crisis grant is now trading at one hundred thirteen dollars per barrel while the light sweet is that. is it ninety seven dollars per barrel this hour as you can see from the

graphic and your stocks have rebounded as industrial and energy are on a rally over sharing their prop an apple the company's shares that being over two percent after cleveland research cut its forecast for i pad sales. and european stock markets were mixed at the close the first city client bought the texas point seven percent higher. and finally here in the markets today is thursday session in the black darkness of the it's both gave more than one percent that's how we have a look at some of the individual shovels on the my left point two percent the country's biggest blunders their bank was up more than one and a half percent the lender has reported a more than two fold increase in that profit for the past ten months will be here by. russian accounting standards for. the company's earnings have jumped almost eight percent and generous of ten bucks alexander riskin for much of paul that sea wraps up today straight for us. i would describe it as

a limited visit to see something like this. growin and beats on the on the back call for us to yesterday's fall in on some positive trends and we will process and us reach for similar as usual we have been so recently on the external and small scale never while there is still a trick in the telling story and more than a quick story for. sky little buttons on the walk will be even useful from the program usually in your account officials. that's it for now stories you can log onto our web site thoughts our current dot com slash business.

wealthy british scientists are some time to time on. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report on our. close up team has been to the zone richard

where technological breakthroughs save human lives. she goes to the see. the high pitch. russia's black sea coast. critique should be free. free. free. free. free. free. free media.

gets the green light to join the global trade system. bureaucratic machine. is. the. story. in the meantime as promised the kaiser report discuss european gold walls and the broken.