the exchange should become a center of self regulation and involvement in the establishment of financial markets together the stock market so brazil russia india and china have outperformed the s. and p. five hundred index by more than four to one in the past decade and their economies have grown four times faster than america's and stop contras to russia and the other breaks the u.s. and european economies are presumably headed for another year of stock market volatility high unemployment banking industry and people and we causing fear that can be something profile of the response in places like russia because of difficulties newest united states and europe clearly doesn't twelve is likely to be very careful will be ready for that because the going to be a lot of the economic but also political certainty and war so you and states are ready to look for us in the states and france and other places is one of the few fully functional economies left in europe now she's poised to see foreign investors

eagerly jump in the balance on the stock markets may first be tilted in favor of the leading developing countries and should attract more investors to russia the country's economy is therefore expected to grow at a more trick pace there can only cops we three and a half to four percent in two thousand and twelve and then you do that on the money . ok so i'd like to go to you go back to you one of the things we talked about in the first part of the program is the reliance on the oil price but what about the issue of china and what how much is russian going to move one way or another depending on economic performance in china this year well again it falls into the performance of all the brics i mean if you just as china performs well then the whole perceived nature of investing in emerging markets becomes more acceptable obviously china is having having a. new government forming in the in the coming year china has had a slowdown but. you know we've had

a slowdown from over nine percent to just under nine percent obviously the people complain about that ok it's actually going i'm sure our profit friends in europe would be leaping all over night at like nearly nine percent so yeah i mean is it is it a slowdown in china i mean you know nine percent is just outrageous and not just china we see greater china countries as well experiencing six seven percent growth levels so in that context if russia grows at three and a half four percent that's an under-performance it's something that you know the political elite within within russia need to address that's very interesting if i go go back to you david do you think russia's economy is underperforming and if it is what needs to be done to change it. the russian economy seems to form performing reasonably well i think one of the things which is probably affecting confidence in russia is is the significance bend i mean there's been a huge expansion of the budget in the lead up to the call it lead up to elections maybe this is all going to be paid for and therefore i suspect there's probably

a wait and see to see how the how the but it's going to be financed there's been a significant imposition of employment tax and i think we'll wait to see how that affects business in russia whether be some form of restructuring before we go forward. so i think i mean the economy seems to be quite well set is that as the as the report said it's better than western economies and therefore there's plenty of opportunity but there are some issues which i think that people are waiting to see how it's going to be addressed by the administration at the moment is not very clear how they will be ok let's talk politics here ben what do you think the new duma ok. more contentious is certainly not going to be the same it is certainly not the same duma that we had before with united russia now there's a little bit more contention in there more competition is it good or bad for equities. it's good we need a discussion i mean the trouble with having you know political power concentrated in the hands of a few people who stay there forever is that you are so fire the system and then it

becomes increasingly inefficient so to shake things up a bit is important we've always had a debate in russia between the liberal camp from st petersburg and the sort of the key you know the origin of mickey from the old system and now that it's been institutionalized a bit more but nevertheless you know we still exist within this managed democracy i mean we've taken a small step towards greater democracy but we're sort of stepha yes i think so i mean any any increase in debate is a good thing i mean the critics would argue with justification that we should go a lot faster in that direction and i think with the presidential elections coming up you know last year everyone was assuming putin was going to sweep in the first round i think we'll see much more of a debate this time i think we'll see two rounds in the election and again it'll be another step forward if you investors like that is it they see more debate you know that it's very interesting it is counter-intuitive isn't it they do they would prefer not to have that you know it's very good it's good for society but not necessarily good for business in the long term it's good because you get progress

and growth in the short term increases the unknowns i mean you have to realize and remember that you know since putin's we've had twelve years of a political mill pond you know it's just been absolutely flat nothing's stability no debate as an investor that's very easy to work in so much as you just look at endings and growth and now you're going to shake things up and things could change then the uncertainties have increased and so in the short term it's unsettled john what about you and went political risk because this is one of the things that western media will talk about and not necessarily business media but news media in looking at russia i mean political risks good bad in the middle doesn't matter well in fact i think the political risk crusher is not good at the moment because we have lots of things to. to be done and on one hand we need some change but within the chain. israel is not but always seasons but also but politicians are also authorities as well on the other hand any kind of release in terms of.

certainty is their family will be negative because of that will we have no at the moment we don't see any kind of alternative we're working out of time as you look at the readings of the top of the of the most important political berating of which is about fifty percent or so who can be like. political reading of the less than fifteen percent are the voice even less so who can hold instead of right now that's a question so in gears if we want to the economy to continue work well and investors to be more or less pretty sure of what was going on in the country what we see is of more political stability you know interesting so i mean if i can go to you i think it's interesting that maybe at this point you know the political risk is higher than we've seen over the last twelve years but that shows movement forward shaking up the works as ben pointed out here and there in the in the end that's a net positive because you see a system that is reacting to social attitudes i mean absolutely i mean the recent

protests there are the growing protests on the streets of moscow definitely beneficial beneficial to not just a democracy but beneficial to the perception of russia around the world what i'd like to see is that the the protest movement moved within the duma so we're we're we're having a lot of positive words come out of the duma from various parties but we actually we haven't seen any any real action and you know there are a lot of things that can be moved forward and it's not just within the political parties but we need to see that move into legislation we need to see corporations adopting a just a different attitude as well in many respects interesting david what do you think about that the bar the level of political risk i mean is that in the law in the longer term you think this is a positive development it's happening in this country right now i was very positive and it's very good news actually and i think there's always. the western sentiment is that is always a different thing from what actually happens on the ground and i think that westerners investors are looking with a certain amount about prevention of what about what's going on in russia but it's

largely based on what they see on television screens i mean this isn't the protest movement and isn't a sudden sort of. change of heart amongst the russian population has been protested in a consistent development process and the protests in the country over the last number of years it's just been rather more kind of human rights based on what's happening now is the more sort of person although in a more frustrated expression of people's feelings business if the opposition wasn't there before and i think that what we're going to see what we are seeing is actually the kremlin being more responsive to that i think that they will be concerned to try and address. the evils which is which are consistently talked about in the russian and in russian political establishment and i think that's a very good thing i think actually business looking at a political situation which is inevitably going to be stable for the next few years i think we know who's going to be the next president but at the same time with an articulated force asking for more parliamentary democracy more of a discussion more responsiveness more of. a willingness to address the issues which

align behind the very good fundamentals to make sure the fundamentals remain good and sound i think is extremely good and i think once we get through that this period of of of uncertainty and wait and see i think it's going very good for the russian economy because i think investors will get confident with the last word go ahead i think we should emphasize that there's no chance of a russian spring in the style of north africa when the you had a large population twenty five percent of the population under twenty five who are unemployed and poor russia's revolution such as it is the middle class people are older and ironically the people have benefited from this and it's not borne out of anger is born out of frustration with bureaucracy and corruption and they want more accountability but they don't necessarily want to change the government or any ok i want to take my guess. here and thanks aware of us for watching us here on in the money see you next time and stay with our team.

there is divided opposition groups argue over who represents the voice of the people but opinions clash at the u.n. security council for the new resolution against syria drawing harsh criticism from russia. thousands of angry protesters in warsaw cry out against an international online piracy act claiming it targets the basic rights of internet users. the e.u. takes yet another pounding this time with credit rating fitch downgrading five more european nations even if its leaders try to soothe concerns at the world economic forum in davos.

and online you're watching r.t. now russia has opposed a new arab european draft resolution on syria saying it can't be used as a basis for resolving the crisis the country's ambassador to the u.n. says moscow will carry on searching for ways to end violence there. has been following the latest meeting at the u.n. security council in new york. there has been a lot of discussion taking place primarily because a european arab draft resolution was circulated to the u.n. security council members in which it calls for the syrian president bashar al assad to transfer power to his deputy while a unity government is formed and prepared for new elections cording to reports this draft text calls for

a political transition in syria it also says the security council could quote adopt further measures if syria does not comply with the terms of the resolution now of course this is just a draft text that was written up by france and britain in consultation with morocco germany portugal the united states and qatar this is a draft that is just beginning to be discussed by the security council members we do know that the russian ambassador to the united nations vitaly churkin expressed deep disappointment with the draft indicating that he does not believe that the international community should impose an outside solution on syria in terms of the conflict taking place there and he also rejected the idea of an arms embargo or the use of force being imposed on syria because we should keep in mind that if this

text includes the security council could adopt further measures if syria does not comply with what the security council wants we don't know what those further measures could be you have countries such as russia china india brazil that believe that there is a conflict that two sides are involved in syria and both of those parties should be addressed now russia has drafted resolution on syria but i. according to reports and according to what members told me it does not include the cohesive or punitive measures against syria that western countries are looking for the russian draft hold both parties accountable it doesn't call for any type of regime change and that is something that russia and china we saw three months ago vetoed a western draft resolution that could impose possibly regime change in syria and

that's where you have a difference of opinions but this story will continue next week because from what we're told the security council will meet to discuss the text of this draft resolution well antiwar activist and doand abbas says the latest draft resolution circulating at the u.n. security council doesn't uphold the rights of the syrian people to choose their own leadership the point of departure between the western interests and russia and china voiced by russia this time is whether or not the decision about who will rule syria is made by the syrian people or by nato as it was in libya and they indicated that they would not allow a resolution to go through that called for regime change in syria without the participation of the syrian people the thing that the western powers want to see in this region is discord they obviously cannot occupy these territories after they conquer them if you look to iraq and afghanistan you can see that that's the case

but as long as the people on the ground are busy killing each other the united states can secure oil or in the case of syria for example the port at tartus which would keep russia out of the mediterranean whatever other objectives they have. well there are alarming reports from syria but opposition activists claiming that more than sixty people have been killed in the latest outbreak of violence that's against the backdrop of the reported advance of syrian regime fighters towards the capital damascus and while some see it as a sign of the variation others first discovered remain unconvinced. a clear message from the protestors this damascus as a funeral takes place we don't want killing a dog door we don't want to. see children killing we don't read them we don't know what we will do you have to live. here i mean this this is going to be

all come to us for now they feel safety is being provided by the free syrian army the guerrilla party made up of mainly army defectors they could say its presence here has enabled protests like these to go ahead. ever since the military cannot come in anymore because the free syrian army is protecting us we support the free syrian army and we support. the former army colonel heads the f.s.a. from the brute he's been steadfast from the start and his calls for foreign military intervention. say far voided partnerships with any other opposition elements he sees significant inside the country and the national coordination council one of the leading opposition groups remains adamant that foreign military intervention would make an already to tear erasing situation even worse while the security position has caused some areas to get out of control and it seems that

there is a war between two groups outside the country and it's the syrian national council pitching itself as the main opposition but it too has failed to unify the many different opposition factions and this lack of unity has hampered the growing calls for direct u.n. involvement russia and china remain firmly opposed to a resolution that would leave the door open to foreign military intervention and a far cry from previous coups the dialogue qatar and saudi arabia now talk to the opposition and the cost even more lives say many listening to find rebel groups who have to work with the other side working with. the f.s.a. say they have little choice but to use weaponry to protect civilians. who have this main square here in time where people come out and protest. security forces trying

to come in but we protect them but this is what's happening here that it remains a precarious situation in a moment of confusion the crowd gets nervous and starts to run at one point gunshots still says where they come from or from. him. david there's a lot of confusion here on this face even if you're reading in a different direction it's not exactly sure what's going on below that really not a safe situation severe right now and all of this happening just fifteen minutes from the city center just a day before it seemed major pro-government demonstrations so position can show continues to gain ground the divisions within the country have never been clear a. god. or gods. coming up in the program when pressure from the west backfires iran assert to hold supplies in you know

a preemptive move that many believe the books economy can't withstand. a report on the struggle of the food industry in india and went head to head with the international superstore giants. thousands of people have gathered in warsaw to protest the signing of a new treaty forcing intellectual property rights on the internet opponents say the international act document is pure censorship and a violation of human rights aunties and i see our show ski has been here in the demands of protesters first hand. a passer by from england confused scenes on friday in central warsaw with the filming of a sequel for the hollywood movie v. for vendetta judging from the number of masked men and cameras such resemblance was tangible the film character fought for revolution these people are all still standing for a change to stop the anti counterfeit trade agreement act from becoming law in

poland minus fifteen degrees centigrade is definitely not an excuse for thousands who gathered in central warsaw friday common it's a week of numerous mass rallies across the island with people protesting against the internet censorship actor may have a positive aim to protect intellectual property but these protesters fear it will be used to police the web and take harmless websites offline. engineer martin says he's work is under threat because of actors obscurity with the international pact worked out in complete secrecy issues with. first of all. the. possibility of legally censoring information the government. is very unclear the negotiations have lost since two thousand and four and nobody's been told anything unlike the week's massive anti active protests and ball and friday's showdown had clear political overtones while

the majority of the crowd was voicing no to the treaty a large chunk was directing their anger at the government and experts say the scale of public dissent has managed to make war soldiers ruling elite nervous the government was promoting itself as being modern as. people probably internet and people trying to keep them accountable so when they discover that the government is supporting something reactor it was purely political answer to no we don't believe this but this considers the harm governments are pretty nice in the steadily. their point of view already tactic and the end may not ratify act and they will have a second fault so after a week of ignorance i think suddenly they realize that the protests are much deeper much broader and. to become law in poland actor needs the approval of both the polish and european parliament nobody knows for sure how long this might take but protesters say they will continue piling the pressure on the authorities to stop

this happening i think it came as a complete shock nobody expected nobody expected. this going to sink i think there will be a lot more. last for at least two weeks i think because. i think how long it will take to actually. prime minister to be adamant war so would not give in to and blackmail in the streets with what was initially acquired social protest has become politically broader with every rally ask elating in both the numbers present and the level of aggression alexi russia. reporting from warsaw in poland. will make her behalf from the helsinki foundation for human rights says governments should communicate with users before preparing sweeping internet laws. of the way at the rate it's my right leg the basics really go into your match with the.

ball you are there without really actually we feel the beat by your late end of the internet and though the internet provider there are companies which are taking advantage of the need in the internet and the first thing we should be aware of the record people are feeling that they were keep that by the government and that something is wrong that there were no contemplation and there was no possibility of the day before or. for the signature of the document there were reports maybe. even every year or even a man who had the internet and every guy and people have that they impression that the government is taking that without the banks and without. you there now and the internet users they can head to our web site r.t.

dot com for any stories you've missed as well as the latest news and comments also there for you and our mother nature spectacular so norway has the world and i told them that sit back and enjoy one of the most breathtaking organized displays ever seen. and off to a great start to the c.s. first cargo space craft named progress successfully docks with international space station. tons of vital supplies including a special birthday gift one of the crew. iran is ready to cut off oil supplies to europe as early as next week the move comes in response to the e.u.'s ban on crude imports from iran due to be enforced in the summer but with oil prices already rising rapidly experts are warning that the

actions of the european union could do the more harm than good meanwhile a senior group of officials and weapons experts apparent to meet in tehran due to arrive this weekend the highest level talks going in three years policy consultant to send their money to hold on to my threatening to turn off the top for europe iran is actually hoping to cushion the embargo blow. the calculus from iran's perspective is going to be if they preempted by cutting exports the forward to july first date that the e.u. has set for cutting the exports and iraq preemptively cuts a three four hundred thousand barrels worth exports to the e.u. would be able to drive prices up enough by doing that to offset for that you know right now what is going on with iran is that they there is an existential threat to the government and quite frankly from the u.s.

perspective i don't think there's a lot of hope that these sanctions will actually get you right to stop its nuclear program think the real unwritten objective here is quite frankly in a column by different name but it's regime change ultimately they want to put as much pressure that as they can on this government. well coming up a little later in the program we hear from the people on the streets of new york. most people are willing to change their daily behavior even though they believe it's a proud new calling so fish you know they don't really care about the planet until until it affects them personally are americans ready to sacrifice their daily routines in a neighborhood bar it's hard to our abilities that we harvest. the euro we're still taking a hammering one of the big three credit rates is as announced five more downgrades for european economies that has e.u. leaders struggle to soothe those on another front the debt crisis ravaging the eurozone two top billing at the world economic forum in davos what's he's doing

this to his move for us from that we're going in today for a davos at the world economic forum and today we'll hear from a number of economists and kind of thinkers about where the global economy is headed we'll have to see how much attention the eurozone captures though because there really has overshadowed a lot of other things that happened on the official and unofficial agenda here at davos we heard from a number of euro zone finance ministers and e.u. officials speaking with a lot of optimism about the euro zone solution saying they believe the fiscal compact will be reached with tighter fiscal discipline in that this will really help the debt crisis that the eurozone is dealing with they also said that greek bond holders will come to an agreement on haircuts for greek debt by this weekend to hopefully presumably avoid default which is definitely not a certain thing at all and that d.-day for greece is march twentieth after that optimism which was kind of the headline coming out of that we hasn't seen fitch the credit ratings agency downgrade by e.u. nations this in.