mr defense shield i never should also be to be still the deal to buy at the midst of all these that helicopter carrying motion and it feel that filled with proud to send me some of this bolstering of the look at modernization of the uncle says underway as he said prime minister outlining in his thoughts cool the necessity of this at this time in the country so with just two weeks left until russians head to the polls how is the presidential race shaping up but certainly not long ago now we see a similar thing in the build up to the presidential elections as we saw in the build out to the parliament hill action certainly an interesting time politically in the country here we've had protests counter-protests why it's political debate it really was being seen as an awakening among the population good politically but as we said in the bill that does the protests that has been planned in some ways

because it was seen as being a little slow to the market was holding to the new demands of the population and potentially these thoughts because that can be seen in some ways as a response to that certainly is the prime minister laying out what he says the speech of the country the next decade oh say parties sarah first live from moscow. now to some news from around the world south korea has begun live fire military drills on islands near its disputed sea border with north korea which had threatened to attack in response so far the north does not appear to have reacted and twenty ten can go along 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 erupted when the inmates from one

cell were invaded another cell block beating them with stones and stabbing them the 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 official say the delay is due to problems organizing voting for those living abroad but insist it will be held sometime in may mubarak was forced from office a year ago after the mass uprising in clashes which saw hundreds killed but protests continue across the country from people calling for the end of military rule. your dream go pastor and former east germany human rights activist who looks a shoo in to be germany's next proudest president he has been vacuuming 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 the aid for the presidency in two thousand and ten in favor of wolf. when nato due to pull out of afghanistan by the end of two thousand and fourteen kabul is trying to mend ties with the taliban president karzai has asked a senior pakistani cleric known as the father of the taliban to help mediate talks with insurgents but archie's military contributor says those efforts are useless until washington appeases pakistan next door. one of the main challenges for the afghan president during his visit to pakistan was how to pursue a good parent you stand in military and civilian leadership to mend their ways. and to shew poor. negotiation process between the united states and environment and the taliban however despite their

best intentions in kabul and washington d.c. the whole formit of 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 if then they have a chance to competition any positive development in rick installing peace and security both in afghanistan and across the border and later this hour retaining of the title. russia b. portugal to take care of the beach soccer crown right here in moscow all the details in about twenty minutes on our sport. at houses here now with the

latest business news. almost twenty three minutes passed to be a mosque you watching business on our t.v. or oil prices have jumped to the highest level the nylons after iran holding crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying uranium oil starting in july the west hopes to persuade iran to curb its nuclear program brant is now trading at almost one hundred twenty one dollars a barrel have to gains for the w.t.r. which is currently trading at just under one hundred five dollars a barrel experts don't expect crude prices to climb much higher as they say they're waiting in risks for the most part how will ready been priced in despite a surge of prices analysts iran's decision is more of a symbolic act neither britain or france relies on knowing it well walter iran is dependent on revenues from selling crude to the blocks. meanwhile amman is turning

to border as it offers gold and oil in return for good food economic sanctions by the united states and europe make it difficult for iran to pay for imports and euros and dollars iranian traders are now in talks with bush over using a rubles to pay for bring over the past two weeks are wrong and want more than one million tons of grain from russia that's a significant increase on last year. and less than how look at the markets and the your purse then it's pretty upbeat on the floor of our trade london's footsie is three quarters of a percent in the block germany's dax is gaining just under one. and here in russia the equities are trading in the block as well the r.t.s. is up more than one percent to my sex is gaining three quarters of a percent the salary. and i want to the biggest movers on the my sex energy majors are gaining momentum thanks to that crude price increase gazprom and lukoil of

putting on more than two thirds of a percent each banking stocks are also ups their bank is topping the list more than one percent higher this hour. and i want to currencies the euro is seeing some gains against the dollar but it's lower to the ruble supported by stronger crude the dollar's also losing against the russian turns to. since the start of the year emerging markets are seeing record cash inflows more than four hundred fifty million dollars flowed to russia focused funds over the past three weeks mark rubenstein from moscow based metropol i have seeks planes the growing risk appetite . some managers there are changing their like asian stores more aggressive mean more equity more emerging markets exposure that's what we mean seeing this of course is on the back of the general. improvements in expectations of the market economics picture this year there's i think and i think most of their fund

managers pretty much priced in their greek default and greece exiting the euro zone and this is. not happening and that needs to be then taken back to this all this you know that things which were priced in the their equities and their high risk gasses need to be bid up to take back that discount foreign investors are eyeing russia's regions that's according to keel greentree of the head of the country's investment fund speaking at an economic forum in siberia have told business r.t. about the main attractions for foreign money and russia as a specific interest in logistics area that's very important there is quite a bit of interest in the infrastructure and those are very specific projects so for example airports infrastructure is very interesting and with helpful now a trip if on to which is one of the largest investors and airports worldwide we tailor investments and we invest with those investors into areas in industries in

the stand well and therefore they can do a good analysis of the project and that value to it going forward and that's all the latest from the business desk but you can always find a lot more stories any time online at r.t. dot com slash business.

you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. of. the mission in free recrimination free transport charges free.

range mentions free risk free spirit child free. download free blogs just plug in video for your media projects and free media and on the hearty dot com you.

thanks for being with us and how past the hour we have a quick recap of your headlines israel's allies warn against an attack on iran urge a diplomatic solution saying military action would have kory of consequences all us talk ron imposes a ban on oil shipments to britain and france in response to international pressure on its nuclear program. the chinese government uses its main newspaper to accuse the us and its allies of pushing the opposition in syria to fight not prolonging

civil war violence is reportedly escalating across the country ahead of a controversial referendum on a new constitution in a week's time. and greece waits to hear whether euro zone ministers in brussels will finally decide to hand over billions of euros all have to agree that the country has made enough const before allowing the new bailout through. the group of twenty major economies meet this weekend in mexico to lay the groundwork for a g twenty summit later this year the forum will focus on the social and political dimensions of the economic crisis and up next we talk to the russian finance minister to one of about what two thousand and 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 eurozone 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 regular 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 set to 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 which in turn could slow down the group freight of the russian economy and impact 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 a 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 they would spiral when 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 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 for russia to keep some of its reserves in american assets indeed american meaning 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 implemented and the risks we're talking about

are 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 working in fact we can see even a 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 deputy you entry in order to increase competition and make it possible to protect our goods and western markets within the w.t. your 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 your 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 tylers for housing and utilities and the services of our other natural monopolies to july of 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 will the way of history to be lower than our forecast which we have taken into account of 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 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 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 determine prices from provoking a rise in spending because all these prices are market determined we cannot create

market determined expenses and ira 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 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 start. 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 russia's 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 international 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 which in your view simpson is not of the one before mr seely wanna thank you very much you're welcome. i.

was right we are going. it's all designed to keep you closed in your. world as a prison. so you leave somebody in there for

a couple hours like in the stress positions. you have this fear of the unknown in this stress sort of building and. seen interrogations go on ten twelve hours a chose songs i remember from marilyn manson. slayer the two songs would be angel of death and raining blood. goes or war coming up here into iraq into baghdad. johnny pool the body for just the rock n roll bad fitting for the job we're doing.

the elite. wealthy british. guys. marc. find out what's really happening to the global economy for a no holds barred look at the global financial headlines tune in to the report on our.

news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. the giant corporations rule the day.

chinese government uses its main newspaper to accuse the u.s. and its allies of pushing the opposition in syria to fight a prolonged civil war and violence is reportedly escalating across the country ahead of a controversial referendum on a new constitution and it was stalling. israel's allies warn against an attack on iran and urge a diplomatic solution saying military action would have grave consequences all as tough on imposes a ban on oil shipments to britain and france in response to international pressure on its nuclear program. and greece waits to hear whether euro zone ministers in

brussels will finally decide to hand over billions of euros they'll have to agree that the country has made enough accounts before allowing a new bailout for. let's see what's going on now in the world of sport with paul. hello welcome to the sports headlines here's what's coming up. questions to be on the german police plan to speak to british boxing david haye following saturday's brawl with their riches or up his whereabouts is unknown. russia big portugal here in moscow to retain their title of the european soccer cup . delight kevin durant's the best score in the this year's n.b.a. as oklahoma fund denver nuggets. but we start with boxing and german police want to

question david haye after his brawl with their riches or in munich on saturday the incident occurred in the aftermath of points loss to w.b.c. heavyweight world champion italy klitschko interrupting the press conference in a war of words led to agreeable to military police detained for questioning as he tried to leave the country on sunday he faces charges but has been allowed home however they are still keen to speak to pay the whereabouts are still on the low. well moving to football where tottenham were held to a surprise draw by steven age in the fifth round of the english f.a. cup on sunday they resent resuming one side a replay at white hart lane following a dollars tool stoke city beat holy jonathan winters and peter crouch to score as a liverpool thrashed brighton six one with the championship side scrolling three own goals and unveiled.