no conditions give up our strategic deterrent capability on the contrary we will strengthen and russia cannot rely on diplomatic and economic methods alone to remove contradictions and resolve conflicts. our armed forces special services and other security agencies should be prepared to provide quick and effective responses to new challenges. so you can actually see the full text of that also could publish the website dot com staying on topic the prime minister is actually visiting the countries far east today where he said a meeting discussing the development of the military and does so complex it will be developed over the course of the next ten years that's happening today quite well there's only two weeks left until russians had to the polls so tell us how the presidential race shaping up the moment. this is certainly been an incredibly

interesting time politically in the country of course ahead of the parliamentary elections and head of the presidential elections we've seen the process and counter-protest the really why i feel it's good to play a lot of people viewing it as an awakening a political awakening amongst the population in the country and certainly we've seen a lot of that discussion continuing ahead of the presidential elections i've seen it described as that evolutionary not revolutionary especially that's very out describe the let's go movement that we see because really the focus isn't on he's going to win the prime minister is expected to take that top spot he is the front brother at the moment is really what will come next and that's what a lot of the focus has been out about change in the country leading focus remember prime minister putin if he does win that presidential top spot in a couple of weeks time could then be in place potentially for twelve years so we

stayed a real move amongst the population here in the country a real focus on reforms and of finding that political voice as well being able to voice what they want those reforms to be in some ways you could see these articles perhaps as a response to some of those demands certainly as the prime minister leg out what he should be happening in the country should he get that top spot in a couple of weeks all right sara thanks very much indeed for bringing us the subway terror for reporting live from moscow. now let's take a look at some other stories from around the world south korea has begun a live fire military drills on as we are it's disputed some border with north korea which have threatened to attack in response so far north does not appear to have or yeah in twenty ten pm responded to our own 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 ride the clash erupted when one cell block invaded another cell block them with stabbing them entire prison staff on duty at the time has been detained while an investigation looks into how the violence started. gyptian officials have failed to confirm an official date for the country's first presidential election since former leader hosni mubarak was ousted officials say the law is due to problems organizing voting for those living abroad but it's to be held sometime in may barak was forced from office a year ago after a mass uprising and clashes which saw hundreds killed protests continue across the country calling for the end of military rule. a pastor and former east german human rights activist looks for sure and to be

germany's next president he has the backing of chancellor angela merkel and all political parties as a replacement for question wolf who was forced to quit last week over corruption allegations merkel had opposed bid for the presidency in twenty ten in favor of what. us presidential candidate ron paul has warned america's domination by government and big business is pushing it towards fascism speaking at a rally in kansas city the republican said the individual rights of american citizens are being stripped away radio host and author steven lamb and american policies are helping form a fascist system. the only thing i disagree with ron paul about is it's not slipping into it it's deep into it but i absolutely support is up with this in two imperial wars he has got out of the federal reserve yours is a repressive group is probably all no upper if it isn't federal and it doesn't get

reserves is run paul explains is owned by the media basically just made legal wall street ones and they use money power to create more of it at the public's experience we have deeply repressive police state laws the most recent was limited to the national defense authorization act it gives the us government the rate to let the military arrest and throw in military don't use you as citizens anywhere in the world charge them leave them alone charged give them a military tribunal trial give them no trial let them rot in prisons forever if there isn't a fascist dictatorship what is and later this hour here in our tier attaining the title russia will take your lead sucker crown right here in moscow all the details in about twenty minutes time in our sports. before that the doctors here with

a business things. almost twenty four minutes past ten am here in moscow you're watching business on r.t. or oil prices have jumped to the highest level and nine months after iran to hold to 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 the west hopes to persuade iran to curb its nuclear program brand has jumped to the highest level this year as you can see on the chart it's trading at more than one hundred twenty one dollars a barrel have to gains for the as well which is currently topping one hundred five dollars a barrel experts don't expect crude prices to climb much higher as they say iranian risk for the most part was ready been priced in despite a surge in prices analysts say the wrong decision to. a decision is more than a symbolic act neither britain or france relies on waning oil waltz iran is

dependent on revenues from selling crude to the block. and let's now see the actual figures grant is putting on one and three quarters of a dollar a barrel but of u.t.i. is one of the house dollars trading at around one hundred five a barrel as i mentioned and now on to the equities in asia they are gaining bally's a weaker yet it has sent two q. stocks higher than the case adding more than one percent at orders are obviously benefiting toshiba is up two point six percent and sony is adding almost three and a sign to china's hang seng is also higher after its central bank reduced the reserve requirements for the banking system banking stocks are obviously the main fisheries and of the russian market started this week's first trading session on a positive note the r.t.s. is now gaining around one percent that's in the first hour of trade the my success

quitting on whether it was. last week broad gains to the global equity markets greece moved a step closer to the second round of bailouts and the a big economic news from the states most at risk appetites should traders expect the rally to resume this week mark rubenstein for metropol financial last go outlines in the main drivers for the week ahead and their 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 similar teams have proved their restructuring or the write off their voluntary write off 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 of the head

of the country's investment fund speaking at an economic forum in siberia had told business are to evolve the main attraction points of foreigners in russia as a specific interest of logistics area that's very important there is quite a bit of interest in see infrastructure and those are very specific projects so for example airports infrastructure is very interesting and with helpful now a trip upon which is one of the largest investors and airports worldwide we tailor investments and we invest with those investors into areas in industries agenda stand well and therefore they can do a good analysis of the project and their value to it going forward. and that's all the latest from the business desk call the back of a system and. you

know how sometimes you see

a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harvey welcome to the big picture. the for.

welcome back to what you know if you live from moscow here's a look at the top stories israel's allies warn against an attack on iran it urges diplomatic solution saying military action would have grave consequences all as iran imposes a ban on oil 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 is reportedly escalating

across the country have a controversial referendum on a new cost to fight in a week's time. and fresh from a green deep mystery cuts greece's prime minister flies to brussels hoping that eurozone ministers might finally hand over billions of euros the meeting is crucial to determine whether the country's made enough cuts to receive the new bailout. or the group of twenty major economies meet this weekend in mexico to lay a groundwork for a g. twenty summit later this year the far will focus on the social and political dimensions of the economic crisis and up next we talked to the russian finance minister on tone steve ott of about what's two thousand and twelve has in store. special but 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. and 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 that 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 recchi 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 therefore 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 dime 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 freight of the russian economy and in fact the reduction of the tax revenue we are obviously concerned by this will monitor. in the global economic situation very fairly 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 distributed 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 a possibility in the budget to use it for supporting the strategic industry therefore we do have the right tools stored just in case but 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. books one must 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 of 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 they would spiral when spending cuts 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 on 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 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 and ensure stability on the macro economic level we hope to see such measures in from and 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 what's going to happen to banks parking in fact we can see even a that russia has practically entered the deputy or because we observe most of what the devil does on the other hand we hope to gain some benefits and advantages from our deputy you entry in order to increase competition and make it possible to protect our goods in western markets within the w.t. or framework that is why our companies already incurred the expenses linked to the debit to you 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 we are we hope that 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 postponed raising tires

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 have been 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 will the way of history 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 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 would 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 appear to western european countries and 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. how much of the state budget will come from oil and gas revenues. of course i'm greg and us 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 of eight 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 places 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 child 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 you go to the. my last question is about europe what measures should europe take to overcome the crisis yesterday 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 relating 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 junior resource is one of the one whom mr seale one of thank you very much you're welcome. place.

explosives were telling. us. just. live. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada.

operations or the day. 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. i've seen interrogations go on ten twelve hours they chose songs i remember from marilyn manson and metallica slayer the two songs would be angel of death and raining blood to kill the enemy going to war coming up here into iraq i mean look into baghdad. johnny put the bodies to the floor which is the rock n roll band who is fitting for the job we're doing.

wealthy british style. that's not on. the. market why not scandal. find out what's really happening to the global economy is a report on. the official ante up location. i pod touch from the. life on the go. video on demand. and feeds now in the palm of your.

soon which will brighten if you knew about suns from sun stuporous shooting some. stunts on t.v. dot com. it .

cheap. israel's allies warn against an attack on iran and urge a diplomatic solution saying military action would help great consequences all as to ron imposes a ban on oil 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 is reportedly escalating across the country ahead of a controversial referendum on a new constitution in a week's time. from agreeing deep a sturdy codd's reasons prime minister flies to brussels hoping that eurozone

minister is my final hand over billions of euros the meeting is crucial to determine whether it's made enough cuts to receive the new bailout. some headlines here in our team or on the stories about fifteen minutes time before that it will take a look what's happening in the world of sports with paul. hello welcome to the sports headlines there's plenty coming up including all of this. free to go german police release bush's box of derek his aura of the his involvement in saturday's brawl with david haye although the authorities are yet to find the former heavyweight world champion. brilliance russia big portugal here in moscow to retain their title of the european soccer cup. and

holding his no bill haas wins a three way playoff to claim the northern trust open in california. but we start with boxing and german police have released british boxer derek his aura who still faces a simple assault charge following his post fight punch up with david haye in munich the incident occurred in the aftermath of points loss to w.b.c. heavyweight world champion vitali klitschko they interrupted the press conference in a war of words led to a group or two in the police detained for questioning as he tried to leave the country on sunday however police are still looking for haye really hasn't been seen since meanwhile wasn't convinced by his points when saying he'd love to fight is over again to set the record straight. now moving to football where tottenham were held to a surprise draw by steven edge in the fifth round of the english f.a. cup on sunday the resilient league one side getting a real plane.