even though that russia is practically into the w. to you because we observe most to you it does the other and we hope to gain some benefits and advantages from our delivery to you in g. in order to increase competition to make it possible to protect our goods and with markets within the w.t. who framework that is why our companies already incurred the expenses linked to the . now we are waiting to see the positive impact on russia's economy as a whole. now some other stories from around the world and south korea has begun live fire military drills what island near its disputed sea border with north korea which had threatened to attack in response so far the north does not appear to have responded in twenty tan responded to island military drills from its neighbor with an artillery attack that killed four south koreans. fighting between two warring drug cartels led to the deaths of forty four inmates in what could be

mexico's deadliest prison riot the clash or up to one inmates from one cell block invaded and another cell was being stones and stabbing them entire prison staff on duty at the time has been detained while an investigation looks into how the violence started. egyptian officials have failed to confirm an official day for the country's first presidential election since former leader hosni mubarak was ousted official say the delay is due to problems organizing voting for those living abroad but insists it will held sometime it will be held sometime in may the ark was forced from office a year ago after a mass uprising and clashes which saw hundreds killed but protests continue across the country people calling for the end of military rule. tell him gossip a pastor and former east german human rights activist logs show him to be germany's next president he has the backing of chancellor angela merkel and all political

parties as the placement for question of both who has forests who was forced to quit last week over corruption allegations merkel has opposed to bed for the presidency in two thousand and ten in favor of war. and the u.s. presidential candidate ron paul has warned america is slipping into a fascist system dominated by government as a business speaking at a rally in kansas city the republican south the individual rights of american citizens are being stripped away radio host and author stephen lyman agrees saying america is to blame america is a fascist state the only thing i disagree with. it's not absolutely new to it it's deep into it absolutely support is resistant to the real wars he has got out of the federal reserve yours is a repressive group is privately all new it isn't federal and it doesn't get

reserves is ron paul explains is owned by a group meter basically just made legal war three quorums and they use money power to create more of it and the potent experience we have deeply repressive police state laws the most recent course will go to the national with its authorization their use the us government to rate the military arrest and throw in military don't use you want to seriously anywhere in the world charge them leave them alone charge give them a military tribunal trial give them no trial let them rot in prisons forever if there isn't a fascist dictatorship where years. now is nato due to pull out of ghana stand by the end of twenty thirty and kabul strike a man ties with the taliban president karzai has asked a senior pakistani cleric known as the father of the taliban to help mediate talks with militants barty's military contributor says those efforts are useless until

washington appeasers pakistan next door. one of the main challenges for the afghan president during his visit to pakistan was how to persuade the pakistani military and civilian leadership to mend their ways and to sue poort the. negotiation process between the united states. government. and the taliban however despite their best intentions in kabul and washington d.c. the whole form it holds negotiating with taliban was doomed from the beginning to do the right thing the right way the united states has to told directly to islamabad and only after this successful completion of this negotiation only of them they have a chance to competition and

a positive development in rick installing peace and security both you know afghanistan and across the border and later this hour here in arts here retaining the title russia the portugal europe's beach soccer crown right here in moscow all the details in about twenty minutes time in our sports bulletin. reserve to date ality what's happening in the world of business now with natasha. twenty three minutes past you watching business on r t. as we've reported earlier oil prices have jumped to their highest level in the months after on halted crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying a rainy and oil starting in july and as you can see brant has jumped to the highest

level this year it's trading at more than one hundred twenty one dollars a barrel same story for the w t i which is currently topping one hundred five dollars a barrel despite a surge and prices analysts say the wrong decision is more of what symbolic act since the european union doesn't depend on a rainy an oil for its part of ron's now looking for new markets. and let's now check out the latest figures brand is putting on more than a one and a half dollars a barrel the w.t.r. it's meeting at around one hundred five dollars a barrel as i mentioned and let's now move on to the equity markets in asia they are gaining value a week began has sent tokyo stocks higher than the case adding more than one percent exporters now obviously benefiting toshiba's up two point six percent and sony is adding almost three and a half percent china's hang seng is also higher after its central bank reduced the

reserve requirements for the banking system banks are the main beneficiaries. and it's less than two hours ahead of the opening bell there in moscow the russian markets finished one week mixed the my six dropped just a notch while the r.t.s. gained almost one percent on pretty low dollar. overall last week broad gains for the global equity markets greece moved to step closer to the second round of bailout and the beat economic news from the states boosted risk appetites should traders expect their ali to resume this week mark rubenstein for metropol financial moscow outlines the main drivers for the week ahead. and the meeting of the euro zone finance ministers is scheduled for monday in the late afternoon and it is expected and expectations are growing that there will be a decision made on their approval of the second tranche of their on the second package of the france rate for greece and also at the same time could be semen

stains have proved their restructuring or they write off their voluntary write off all of their greek dead by private shareholders and by private debt holders. foreign investors are eyeing russia's regions that's according to kill dimitri have the head of the country's investment fund speaking at an economic forum in siberia had told business r.t. about the main attraction points to foreigners in russia as a risk to civic interest in logistics area that's very important there is quite a bit of interest in sea infrastructure and those are very specific projects so for example airports infrastructure is very interesting to look up and i would trip if on to which is one of the largest investor some airports worldwide we tailor investments and we invest with those investors into areas in the industries in the stand well and therefore they can do a good analysis of the project and the value to it going forward. and that's all

the latest from the business that's l.v. back in about fifteen minutes we'll see them.

to.

well look it's true science technology innovation all the moves developments around russia we've got the future covered. wealthy british style. tied to the tireless money. market. funds. 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 cars a report on. the mission free cretaceous free

in-store charge of free arrangements the free. three stooges free. download free blogs just plug in video for your media projects a free media our teeth dot com. welcome back here with our team here's a look at the top stories israel's allies warn against an attack on iran and urged diplomatic solution saying military action would have grave consequences all as to iran impose a ban on all shipments to britain and france in response to international pressure on its nuclear program. the chinese media accuses the u.s. and its allies of inciting civil war in syria by pushing the armed opposition into keeping up the fight against the government violence and for the escalating across

the country a controversial referendum on a new constitution in a week's time. and fresh from a green. it's research from mr weiss to brussels hoping that euro zone ministers my finally and over millions of euros the one hundred thirty billion euro bailout is designed to prevent the country from defaulting on its debts. as they have lived here in r t now the group of twenty major economies made this weekend of mexico to lay the groundwork for a g twenty summit later this year the farm will focus on the social and political dimensions of the economic crisis and up next we talked to the russian finance minister on down so on about what twenty twelve has in store. mr siegel one of welcome to our program i'd like to start with this question a number of world leaders including the russian president are warning of a possible recession and the global economy what chances are there for this

scenario to unfold. as indeed this option is possible to a large extent it depends on the efficiency of the decision making by the eurozone countries and those that find themselves in a heavy debt crisis therefore functioning of the financial market particularly in the euro zone and operation of financial institutions banks and financial companies which they are the most vulnerable and largely dependent on the unstable financial economic situation is a priority issue for europe therefore today european countries are taking a number of steps to provide banks and financial companies with the quiddity so they would settle accounts and lend to the economy so the economy would develop further rather than fall back into recession certainly one of the tense issues in the eurozone is to what extent such countries as greece will undertake measures of normalizing their budgetary and financial situation the general mark reaganite situation in the e.u. is among those issues which depend on the efficiency of taking these measures budgetary ones first of all on the house septa ball is the russian economy to the crisis developments in the world and europe in particular. we live in one space

there for a whole number of our companies work for export there for a reduction of the group rate of the european economy and correspondingly of the european demand can have a negative impact on the growth rate of the russian economy as well production volume of our export oriented companies would slow down and perhaps even prices for primary resources would drop due to reduction of demand and these resources in the euro zone companies and organizations consequently the export potential of the russian economy would drop off which in turn could slow down the grid fleet of the russian economy and in fact the reduction of the tax revenue we are obviously concerned by this we're monitoring. in the global economic situation very thoroughly and we're preparing for various scenarios of its development we have established reserve mechanisms for such scenarios we have the reserve fund and and distributers funds in the federal budget which we can relocate as the anti-crisis measures in the instance of decline in the russian economy and we also have the garden t. fund we've provided the possibility in the budget to use it for supporting the

strategic industry therefore we do have the right tools stored just in case hopefully we won't have to use them and. what should the us say start thinking about being economical does it stepped pose a threat to the stability of the world's financial system. one of the of course america's debt now exceeds one hundred percent of its g.d.p. so now all countries whose debt exceed the limits set by the maastricht treaty should start thinking about a budget consolidation and cutting deficit and debt levels sure deficit cutting measures may lead to a situation when states seeking to cut their spending will affect the demand and the slowdown in the economic growth in their countries it is vital that structural reforms are carried out in those states so that such consolidation does not affect the growth rate otherwise there may be an uncontrolled downward spiral where spending caps lead to a slump in the growth rate and fast economic growth lead to reduced incomes which in turn means less spending the challenge now is the countries with high levels of

debt and budget deficit must also take a consolidated position and ways of going out of the situation this is going to be one of those issues in the agenda of the forthcoming meeting of g twenty finance ministers in mexico what should be done with the excess dollars that have accumulated in the global economy. indeed this mass market is spread all over the world most countries keep their gold and currency reserves and bonds in equities of reliable states in fact the usa is one of the states that have high ratings for russia to keep some of its reserves in american assets indeed american man came to certain risks in the long term perspective from the point of view of long term stability. and security we will look however at their position towards implementation of a whole set of measures to be proposed to the u.s. congress in order to balance the budget ensure stability on the macro economic level we hope to see such measures implemented and the risks we're talking about reduced now let's discuss russia do you think that russia's

a session to the w t o is a well timed move especially now in the period of crisis how will it affect the sector of financial services was going to happen to banks british can fight we can see even there that russia has practically entered the debbie to your because we observe most of what the devil does on the other hand we hope to gain some benefits and advantages from our entry in order to increase competition and make it possible to protect our goods and western markets within the w.t. or framework that is why our companies already incurred the expenses linked to the entry that we're waiting to see the positive impact on russia's economy as a whole what are your forecasts for the g.d.p. growth this year and the inflation rate you know i mean could be a real to the inflation level this year will be lower than in twenty eleven at least the dynamics of the first months or the first weeks of twenty twelve indicates that the inflation rate is much lower than last year where ever we've performed raising tylers for housing and utilities and the services of our other natural monopolies to july this year so this year the inflation rate will go up

slightly but this will happen a bit later than last year as for economic growth we expect the economy to grow at a rate of about three point six to four percent we hope that the general world situation won't allow this rate to be lower than our forecast which we have taken into account in the budget parameters our budget was formed in the basis of these forecasts because any decline in economic growth rates also decreases the inflow of taxes in the country's budget system and we stand to lose approximately one hundred fifty billion rubles even if the growth rate drops by just one percent that is why it's vitally important to us today we are talking of the need for structural reforms that make our economy more. attractive to business growth is a bubble stimulated by investments and investments always come when economic policy is clear and where investors feel comfortable. you have just mentioned the investments but what are your forecasts for the flight of capital from russia this year which seems. russia saw a huge couple of flight worth eighty four billion dollars last year including in

the pure form really it used to be a trend in many countries with the developing economies i think that in conditions when liquidity started to appeal to western european countries in the european central bank started injecting funds into the banking system the question of capital flight the two place last year will be less thorny for russia this year. with how much of the state budget will come from oil and gas revenues for the. oil and gas revenues accounted for almost half of all federal budget revenues last year this year we've initially planned that a smaller share about forty five percent of budget revenues will come from oil and gas but in view of the fire the oil prices are still high we cannot relate that these revenues may be higher than predicted our task is to prevent these market determined prices from provoking a rise in spending because all these places are market determined we cannot create market determined expenses in our view these funds should be channeled into

a reserve mechanisms a reserve fund so they could be used in case the foreign economic situation gets worse today is favorable but tomorrow it may get worse when. my last question is about europe what measures should europe take to overcome the crisis yes sir the measures will undermine demand and that will make it impossible to relaunch the weak economy how can russia protect itself while you were part of europe simply needs a clear coherent stance and questions related to the financial sector in the first place on the one hand if you tipping countries especially greece face certain problems because of the absence of this clear cut stance. in the policy of funding provision of the quiddity it naturally leads to questions on the part of market participants and creates mistrust of the actions of european authorities on the other hand you are asking how russia is going to participate in all this on a regular g twenty meeting will consider how to increase international currency resources if we manage to increase the currency fund's resources to six hundred

billion dollars they will be spent to support individual european countries and it may also be an additional positive signal and opposed to a factor for establishing stability in the euro zone let's hope that the g twenty meeting will pass consolidated decisions on how to fill the currency fund with additional resources in this context russia is going to be a donor of these additional currency resources jr this was a reasonable one from mr seale one of thank you very much you're welcome. i.

was. going. up because. it's all designed to keep you closed in your small world as a prison. you know you leave somebody in there for a couple hours like that in a stress positions. you have this fear of the unknown in this stress sort of

building and. seen interrogations go on ten twelve hours they chose songs i remember from marilyn manson. slayer. would be angel of death and raining blood to me there was a war coming up here into iraq. charlie poole of the body for which the rock n roll band was fitting for the job we were doing. you know sometimes you see a story and it seems so you think you understand it and then. you hear or see some other part of it and realize that everything you thought. was a big picture. culture

is that so much is made in which of course he's right on it and so here it is the trials and tribulations of the middle class long considered the pillar of the west political and economic order is now the victim of a long term. wealthy british style holds. the title of. find out what's really happening to the global economy. financial headlines to name two kinds of reports. the for.

loop. news today violence is once again fled the film these are the images the world has been seeing from the streets of canada. today.

israel's allies warn against an attack on iran and urges a diplomatic solution saying military action would have grave consequences all this ron opposes a ban on oil shipments to britain and france in response to international pressure on its nuclear program. chinese me you accuse of us and tell lies up inside a civil war in syria by pushing the armed opposition into keeping up the fight against the government violence is reportedly escalating across the country have a controversial referendum on a new constitution in a week's time. and fresh from a green deep austerity cuts greece's prime minister flies to brussels hoping that

euro zone ministers by finally hand over millions of euros one hundred thirty billion euro bailout is designed to prevent the country from defaulting on its debts. of us the headlines here in our team sports next with all. hello and welcome to the world of sport there's plenty coming up including all of the. free to go german police release which is talk said derek she's already without charge after his involvement in saturday's pool with david haye although the authorities are yet to find the former heavyweight world champion. brilliance russia the portugal here in moscow to retain their title of the european cup. and holding his bill haas wins a three way playoff to claim the northern trust open in california. but we start

with boxing and german police have confirmed they've released british boxer derek his aura without charge following his post fight punch up with david haye in munich the incident occurred in the aftermath of his oars points loss to w.b.c. heavyweight world champion italy klitschko pay interrupted the press conference and a war of words led to a brood which were packed his trainer adam booth got a cut to his face and claims from chisora that had lost him police detained zora for questioning as he tried to leave the country on sunday he's since been released without charge but there's been no sighting of hey who is in tatters hotel and didn't turn up for he said your flight back to the u.k. well klitschko wasn't convinced by his points when saying he'd have to fight again and he'd love to set the record straight. meanwhile in football guus hiddink has taken the managerial reins at angie for the first time since signing a deal with the big spending down.