says why it's the let's go debate i really was being seen as an awakening amongst the population heads politically but as we said in the bill that says that the process that has been planned in some ways become the seen as being a little slow as the market was holding to the new demands old the population and potentially these obstacles that can be seen in some ways as a response to that certainly is the prime minister laying out what he views as the speech of the country in the next decade or so i. figure a lot to me to putin's article in full on our website r t the com while you're there check out some other news we've got lined up for you flipping into punches on the u.s. presidential candidate ron paul warns america is on a dangerous path with its broken government role by corporate giants. and high tech stun cannons on guard and russian imports the country is planning to buy the state of the our weapons to fight underwater terrorists all the details at r.t.

dot com. if you. download the official anti humbly cation your i phone on paltalk from the dumpster . on the go. video on demand all g.'s money gold gold. and street now in the palm of your.

don't call me. now to some other news stories from around the world south korea has held my father military drills on islands near its disputed maritime border with the north despite the threats of retaliation from pyongyang the country does not appear to have reacted so far in two thousand and ten north korea responded to similar drills from its neighbor with an artillery attack that killed four people and raised fears of a wider conflict the tension comes two months after the death of north korean leader kim jong il. riots in senegal have intensified days before the country's close presidential vote demonstrators set cars ablaze barricaded roads as police fired back with tear gas and rubber bullets at least six people have died in the violence since the unrest started last month protesters demand president one day withdrawals his bid for a third term in office as it contradicts the constitution he says the decision

should not apply to him at the moment was put in place while he was in office. pastor and former east german human rights activist a looks a shoo in 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 two thousand and ten in favor of the wolf. a senior pakistani clerical with ties to the taliban in afghanistan says president hamid karzai has asked him to help mediate talks with insurgents karzai is trying to contact the taliban in the neighboring country but his efforts to secure the help of pakistan's civilian and military leaders have apparently failed so far party's military contributors says it's walsh inten that should be negotiating with islam a bot. 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 afghan government and the taliban however despite the best intentions in kabul and washington d.c. the whole format 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 and positive development in written in stone peace and security both in afghanistan and across the

border. to make sure they are now at the latest business now. lone welcome to business r.t. oil prices have jumped to the highest levels in nine months after iran halted crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying a reunion oil starting in july the west hopes to persuade around to curb its nuclear program brant is trading at a one hundred twenty one dollars a barrel have the gains for w t o two which is currently trading at just over one hundred five experts don't expect crude prices to climb much higher as they say ring in risks for the most part have already been priced in this by the surge in prices and this is a rounds decision is more of a symbolic act even server from north capital expects the issue to keep prices high for months to come. this particular story has been taking

a lot longer than one should expect and i expect it can last for another several months during which the oil will be a normally high. but i am pretty sure that as soon as this will be the result one way or another the oil will remain lies what is the normal price of oil definitely for w. one hundred dollars per barrel because otherwise the price for. regular unleaded will be more than four dollars a gallon which is kind of disasters in the year off the presidential campaign whatever is higher than that i consider is a normal level but we can definitely experience that in the months to come. meanwhile iran is turning to barter as he offers gold in oil in return for food he

can exemptions by the united states and europe make it difficult for iran to pay for imports in euro's. and dollars he really enjoyed his own talks with russia over using rubles to pay for grain for the past two weeks around a lot more than one million tons of grain from russia a significant increase on last year we were over to the markets now and in the stock markets europe is pretty upbeat and the french finance minister saying all the elements are now in place for greece to get its next bailout a lot of money to stop point seven percent of x. one point three percent not much of a change from last hour another twenty minutes ago in russia and also a positive picture here we are two years up more than one percent of my six point seven percent this hour take a look at the main the movers on the my six and these are energy shares with gazprom one point seven percent on high oil prices and financials was burbank up point eight percent continuing a two week long rally but the outstanding gain is russia's biggest beer brew of

baltic now that's on news its parent company carlsberg will buy the remaining twenty percent stake in ball to go with a premium to move over to currencies and the euro is gaining versus the dollar and that's on hopes that european leaders would sign off on greeks greece's a second bailout package and on china's monetary easing over the weekend. foreign investors are eyeing russia's regions that's according to kill dmitry of the head of the country's direct investment fund speaking as an economic forum in siberia it's all business the main attractions for foreign money in russia. as a response of the interest of 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 airport infrastructure is very interesting and with careful now a trip which is one of the largest investors in 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 their value to it going forward cash strapped ukraine may get yet another discount for russian gas the energy ministry in moscow is calling for the resumption of talks now that follows a decision by gas from last week's a cup prices for european customers by ten percent. from u.b.s. believes the russian gas monopoly will have to offer more concessions if it wants to remain competitive insulated the more you season because you have to somehow. sustain your market share in the environment so i'd like to visit during cheaper and more flexible as you can provide so then you should be out of this situation at least ten percent of it just covered a pretty percent of the total exports to the euro the question was eighty percent remains so then potentially this ten percent is what gift was ready to provide to

put you to get to put away the customers to the biggest customers. and so for now we will be back in fifty five minutes time with an update meanwhile you can always check our website our forward slash business for all of our stories stay with us.

you know sometimes you see a story and it seems so poorly 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 trying hard welcome to the big picture.

thanks for being with us at half past the hour with a quick look at your headlines chinese state media says the u.s. and nato countries the support of syria's opposition fighters is driving the nation into an all out civil war and washington is calling on president assad to step down while rallying further support for the rebels beijing and moscow are calling for a political settlement to the country where the top chinese diplomat recently visiting to moscow. greece's creditors debated whether it will sink or swim as they

decide on the next one hundred thirty billion euro bailout athens has met all demands to secure it the french finance minister has hinted the outcome could be and it's safer but the population in greece is raging against the massive cuts pushed on them with repeated violent clashes between police and protesters. and london and washington morning israel against attacking iran so nuclear sites urging time to let sanctions to do their job currently being visited by u.n. inspectors insists it's atomic program against peaceful but israel which also accuses iran of attacking its diplomats abroad set to arm. the group of twenty major economies meet this weekend in mexico to lay the groundwork for the g twenty summit later this year the forum will focus on the social and political dimensions of the economic crisis and up next we talked to the russian finance

minister on one of about what two thousand and twelve has in store. especially about the end of the event mrs larne if mark onto our program now and number of world leaders including the russian president are one of a possible global recession how likely do you thin this is. indeed a global recession is possible to a large extent it will be decided by the kind of decision making euro zone countries and other countries caught in the debt crisis are making the priority issue for europe and the euro zone he's how financial markets and institutions function today european countries are taking a number of steps to provide banks and financial companies with liquidity so they can settle accounts and lend to the economy driving the economy forward rather than allowing it fall back into recession certainly one of the key points of tension in

the eurozone is to what extent countries such as greece will implementor reforms to normalize their budgetary and financial situation the e.u. has macro economic well being depends on the success of these steps budgetary first of all there was an honest question how susceptible is the russian economy to the developing global crisis and problems in europe in particular. we live in one space therefore many of our companies are export oriented any reduction in europe's economic growth rate or in european demand can have a negative impact on the growth rate of the russian economy exports would slow down and perhaps even prices for all resources would drop due to lower demand in the euro zone consequently russia's export potential would drop which in turn could slow russia's economic growth rate and cause tax revenues to drop it's obviously of concern of us we're monitoring the global economic situation very carefully and

we're preparing for various scenarios we do have the ability to cope with a downturn we have the reserve fund and on. distributed funds in the federal budget which we can redeploy as anti crisis measures should the russian economy declines we also have the guarantee fund we've made allowances in the budget to use it for supporting strategic industries therefore we've got the right tools just in case but hopefully we won't have to use them what they do us being more active in balancing its budgets doesn't that pose a threat to the stability of the world's financial system in your opinion almost all of course america's debt now exceeds one hundred percent of its g.d.p. so now all countries whose debt exceeds mastic criteria should start thinking about cutting deficit and debt levels sure deficit cutting may lead to a situation where states cut spending this will depress demand and the slowdown the economic growth it is vital those states carry out structural reforms so the

consolidation does not negatively affect growth otherwise there's a risk of an uncontrolled downward spiral when spending cuts lead to a slump in growth which leads to reduced income which in turn means less spending the challenge now is that countries with high levels of debt take a consolidated position on ways of getting out of this situation this is going to be on the agenda at this weekend's g twenty finance ministers meeting in mexico. what should be done about the access dollars that have accumulated in the global economy. indeed it's spread all over the world because most countries keep their gold in currency reserves in bonds and equities are reliable states in fact the usa is one of those with a high rating russia to keep some of its reserves in american assets but america is running certain risks on its long term stability and security. we will look however at how they approach implementing a whole set of proposals to the u.s. congress on balancing the budget we hope to see such measures implemented and the

risks we are talking about reduced. to growth in that russia's accession to the w t l is a well timed especially now in a time of crisis how would a fact the financial services sector and what's going to happen to banks. well some dealing with in fact we can even say now that russia has practically entered the w t o because we observe most of the w t o imposed restrictions we hope to gain some benefits and advantages from our w t o entry in order to increase competition and make it possible to protect our goods in western markets within the w t o framework that is why our companies have already incurred the expenses linked to w t o entry now we are waiting to see the exactions positive impact on russia's economy or what are your forecasts for the g.d.p. growth this year and inflation you know. we hope inflation this year will be lower

than in two thousand and eleven at least the first weeks of two thousand and twelve indicate the inflation rate is much lower than last year however we've postponed raising tyrus for housing and utilities as the services of other natural monopolies to july first 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 global situation will contribute to us failing to fulfill our forecasts there the basis for our budget and any did line an economic growth rates also decreases the inflow of taxes 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 for us today we are talking about the need for structural reform that would make our economy more attractive to business growth is above all stimulated by investment and investment always comes where economic policy is clear and where investors feel comfortable

now you have just mentioned and that's meant but what are your forecasts for capital flight from russia the seer worsens russia saw a huge capital flight worth eighty four billion dollars last year really it used to be a trend in many developing economies i think that in conditions where liquidity has started to appear in west european countries. and the european central bank has started injecting funds into the banking system the question of capital flight that took place last year will be less thorny for russia this year. and. how much of the state budget will come from oil and gas revenue to the other governments and gas revenues accounted for almost half of all federal budget revenues last year this year we initially planned a smaller share about forty five percent of budget revenues will come from oil and gas but in view of the fact that oil prices are still strong we cannot rule out that these revenues may be higher than predicted our task is to prevent these market determined prices from provoking a rise in public spending because all these prices are market determined and we

cannot allow the market to determine our budget expenditure in our view these bones should be channeled into our reserve funds so they can be used in case the foreign economic situation gets worse today it's variable but tomorrow it may get worse. and my last question is about europe what measures should europe take to overcome the crisis austerity measures could undermine demand and that would make it impossible to relaunch the greek economy how can russia protect itself or europe or . europe simply needs a clear and coherent stance on questions related to the financial sector if european countries especially greece faces certain problems because of the absence of this clear cut stance on funding and provision of liquidity it makes the market distrust the competence of the european authorities if you're asking how russia is going to participate in all this a regular g twenty meeting will consider how to increase the international monetary

fund's resources if we manage to increase the money behind the i.m.f. to six hundred billion dollars some of it will be spent supporting individual european countries and it should help further stabilize the euro zone let's hope the g twenty meeting will agree to provide extra money for the i.m.f. in this context russia will contribute additional resources necessary. thank you very much you're welcome.

but. 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 position. you have this fear of the unknown and 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 blood. there was a war coming up here into iraq. which is the rock n roll band. as fitting for the job we're doing out. who's.

wealthy british style holds. the title. of the. markets why not. find out what's really happening to the global economy in the cause a report on. soon which brightened. about song from feinstein's questions.

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state media says the u.s. and nato countries supporting syria's opposition fighters is driving the nation into an all out civil war beijing and moscow are calling for a political settlement in the country with a top chinese diplomat recently visiting damascus. greece's creditors debate whether it will sink or swim as they decide on the next one hundred thirty billion euro bailout confidence has met all demands to secure it as the population rages against deep new cuts. and london and washington warn israel against attacking

around the nuclear sites urging for time to let sanctions do their job on currently being visited by u.n. inspectors insists its atomic program is peaceful. sports update now with dimitri. hello there welcome to this whole trial did you know pigott has a company again and in this political. questions to be answered german police want to speak to bridges to david haye following saturday's brawl with characters or his location is still unknown. seventy eight to be carried title world number three roger federer wins the world. beating in straight sets. masters goals below the argentina barcelona rush will answer in the spanish la liga

five one. times there. so let's start with boxing german police want to question david haye after his brawl with derek. on saturday the incident occurred during the aftermath of points defeat to w.b.c. have a weight world champion vitaly klitschko interrupted the press conference or words brawl between the two. police detained for questioning as he tried to leave the country on sunday it faces charges but has been allowed. the police are still keen to speak to haye whose whereabouts is still unknown. a surprise drop in the fifth round of the english fake cup on sunday league one side learning every player at white hart lane following.