i'm broadcasting live from our studios in central moscow this is our team here had lots of. shelves it's a long held plans to adopt the euro saying it is not ready to take part in the continuous bailouts and face an uncertain future with of the struggling bloc. the u.k. is accused of safeguarding the riches of the ousted egyptian regime with of the assets of some key figures in hosni mubarak's inner circle staying untouched despite international sanctions. and of the long arm of the copyright industry reaches all the way to cambodia with one of the founders of the pirate bay sharing site now

facing extradition to sweden. also two of the world's largest armies of those of india and china unveiled plans to work more closely leaving western countries on edge over the duo's growing reach. next to going off talks to c.e.o. kiel dmitri of about how russia plans to make the most of hosting the asia pacific summit and to deepen the country's ties with asian economies that's on our interview show spotlight. hello again the welcome to. new show. today.

during this first week of september the russian far east has turned into one of the busiest places in the world. as business. gathered for that apec leaders meeting in. russia. integration into the asia pacific region. to the far east and. so what they put. out is moscow to take. the most important. we'll discuss it with the head of the russian direct. me. that is hosting a forum where financial wizards will be discussing business development. for russia . to boost money flowing to its economy many economists say it's

a time of global financial uncertainty the country is doing great but like excessive bureaucracy and corruption still hold back global investors. the head of russian direct investment fund. is working to change this. the russian market is better than many others and. mr green is showing busy. hands vestment in russia behind. hello kitty welcome to the show thank you very very much for coming for coming clear well first of all i. before we start talking about the event itself about the apec meeting well many economists. believe that the focus. of the world economy is steadily moving from the western region from western europe

america the v a classic region to asia and to the pacific region do you do you do you agree with that i think definitely this is the case and i think the summit and actually it's very critical that it's happening in russia is it a case or a trend i mean moving the moving i think it's a trend really and if you see china's gross if you see some of the efforts of the region in the eastern part of the world to integrate and to have internal growth you see a major shift happening because whereas before for example china was exporting most of the things into the united states now it has a very robust very significant internal market and this is a case with many economists so definitely becoming a very big factor in what is happening in the world but if we keep in mind the economic difficulties and we even call it an economic crisis that that happened in the west and many western countries have have still not recovered from this from

this economic crisis is it true that the asian countries they look more reliable in terms of economic cooperation than the usual western partners but is obviously really more reliable or is it just the comparison with the crisis beaten western economies well i think the water so interconnected right now is it's really difficult to separate because definitely the problems that we've seen in europe slow growth we see in the united states definitely affects the. asian economists quite a bit. being set because they have such significant growth in population and such significant growth of internal markets the delphin lack of much higher and better growth tragic story than many of the western countries and growth is really the key issue right now because where to find gross it's a big question in europe and asian economies sexualize showing that we do have gross they have significant growth potential and that's very important well i know i want to get back to something you mentioned with my first question that it's the

first time for russia to host the apec meeting well russia really is ousting the meeting for the first time we've been a member for quite a long time but now now we are the host country those that give russia any specific privileges any specific opportunities i mean the fact that we are the host of this event definitely i think most in terms of form is engender of the meeting and really focusing on grows as one of the key focus area for menials the countries and i think russia can really showcase far east regional frosh is something example of region where growth can happen where many investors can come in and vast and they will have quite a few projects at the reliable and can give good return on investment so i think for russia to be able to forms agenda to really introduce some new concepts and i think one of the quantum will introduce is a concept of free investment because lots of people are talking about w two and free trade this is a big area i think even free investments in point of us once of course

contraceptive very important next step in integration so we believe that as a son it will be very good for russia well if i'm not mistaken ninety ninety eight yes well what was the year when russia joined the commitment of the exhibits nearly nearly fifteen years now so have there been any considerable well positive or negative results of this membership in the apec for russia if you could. eventually yeah i think for russia it gained these specific results will become even more from meeting because i was in the meeting back last year in honolulu and there were lots of discussions about free trade and i think russia joining w.t. organisation and getting lots of w two all. benefits is a little bit the result of also some epic discussions in getting support from a pecan trees but i think you know this meeting in russia will specifically give a chance to get very specific benefits and i think the benefits are better trade

and better investments so the real test is whether there was in the next five or six years much more investment from a pecan trees will go into russia and that is a real test when you speak about that to trade i would i would put a different though say they versified training because because better trade for russia for ages has been better prices for oil and gas and oil and gas at least in the west have for ages been the main the main. well cash cow for russian economy or oil and gas exports to what in the east is it the same are hydrocarbons as important for russian trade in the east as they are in the west or is it a diversification this really is a key area and i recently talked to the governor of pre-war your region which hosts epic a meeting and with talked about tourism being a big factor a lot of stores plasters can be created in the region we talked about alternative

energy and solar being very promising because some south pacific region there is much more sun then in most of the parts of russia so i think the reciprocation israel is a key theme here and lots of investment in far east can go into infrastructure in the areas like that so i think the idea is not just trade better income what it is is a just to really invest in infrastructure that allows other sectors such as forest production and logistics to. better gross are you are you serious i mean are you really realistic when you discussing with the governor of the primordial region or is the far east discussing tourism i mean tourism isn't a major major business having big business even in moscow st petersburg and saatchi which will be the the capital of the few show that we can call it business if we compare it with tourism in france i mean like an england state and someone so and

you're speaking about the developing tourism in the far far east you know eskimos exactly what's there but that's the beauty of africa meeting because as you see at because we're close to that area and for cheney's people it's actually fly to follow you around two hours to get to the region so we're as far as living in moscow it feels very very far away from any chaney's who are actually quite interested in tourist ideas in the region there usually much of the chinese fly to to to to to the russians when i was down will they get something different tourism tourism well. i mean when you go somewhere as a tourist you want to get something new something different for from what you've got here i mean russia is like going to do to warm seas you know this is why russians don't go to portugal little portugal is a wonderful country but russians want a warm sea and i think it was a what the summit will shows are a great hunting in great opportunities in the far east that are really quite unique

and i things in nature is quite spectacular and many guests are looking forward to seems a beauteous or the region so i think having twenty countries come to the far east to really enjoy in see opportunities is there and the discussion about the tourist class is actual very specific because there are some changes in the story you willing to invest in that part of the world is that there was going to sort of a northern safari here ok now i know russia russia. of course should have currency issues i mean i mean among the the the problem is that once the two so to strengthen its position on the eastern markets do you think that moscow can offer the apec partners some some new opportunities to strengthen its position i think in those opportunities to go you know two ways sort first of all lots of countries will benefit obviously

from cyprus things for us and the g. and other things to try sure is exporting not just or oil but also electricity as there are new ideas about being able to actually explored some as electricity to some say pecan trees but also provide investment opportunities for capital to invest in because if you think about somebody who was quite a bit of money as they have a big problem now where those invest weapons to get a good reliable return on its investments and actually in markets at the end the penetrated that was there is much more growth opportunity as in russia it provides some good investment opportunities also in markets that are really under priced and we believe russia has very low valuations right now so i think having some ability to give benefit to other countries and also welcome the investment is a way to introduce capital in benefit from natives it isn't as well as go our russian companies is the russian state itself investing into the far eastern economy or just once what once foreigners do this i think you know as actually part

of that after a trip or asians there was an investment of almost twenty billion dollars going into the region in infrastructure in clinics in all sorts of you know utility in the roads in bridges so we believe that having reliable infrastructure use one of those a necessary conditions for investors to benefit from so russian state is investing directly itself says he'll lead any of had of the russian don't lead to. this the spotlight will be back shortly after the break so stay with us it's. their calendars childhood was overshadowed by this tragedy. they still feel the

fear they faced. and remember every second of this nightmare. it will remain in their memories and hearts forever. anderson so. innocent victims. a little angel on our cheek.

welcome back to spotlight on nov and just to remind you that my guest on the show today is key to meet the event of the russian direct investment and we're talking about the apec summit that's going on in the russian far east this first week of september well speaking about russia's economy russia's trade with the eastern countries and china of course is russia's biggest trade and economic point in the region but as far as i heard as far as i reveal what i'm reading in the press is that russia wants to diversify its circle of acquaintance well which countries

are the top priority lists of this russia is that versification of its partners and is a bank the right place to search for these is well i think russia is actually focused on pretty much all of the apec countries so it's very difficult to talk about priorities will visit china so very important partner and we for example create a russia china fondlers cheney's where there is going to be a two billion the national bussmann going up to four billion and it shows that a pick counters i invest in together actually in russia to benefit from the gross obviously such countess astray aliya also interesting and they seem to be far but actually some of the australian funds as the biggest investors in infrastructure and we are working quite heavily was mcquire a fund that is doing some very exciting projects in in russia in countries like malaysia and some others japan obviously. because pertaining to for russia because

i think it is specifically relationship with japan and possible point vestments and you know working close it was japanese companies is the means agenda and there are always the some political hurdles that can be overcome but generally there is no doubt that russia can work closer was japan on bunch of economic issues we talk about such as malaysia in the most. i think that they're finitely they are only interesting partners for companies and structures based in the russian far east because if we look from moscow i mean the united states close to the australia so what that you trade with us you know what do we have when you have lots of partners across the atlantic is it true you know are there enough regional structures that can trade trade with those to do big business with countries like australia doesn't i think you know again it's not just about trade ins about capital and those countries have lots of capital of some expertise so obviously

korea is a big market and korea's a big compared to knitting but i think we have to think more not just about trade in goods but trade in the capital because capital is so much more important as base well in addition to the apec meeting in the middle of the leaders this is a special form of business men taking part taking part at the same time is called the c.e.o. summit yes well are there any immediate results expenses there are there any big deals coming up well again i think some of the bigger deals may be announced right there on your in the media and i think nobody is going to say beforehand what they're going to be i think it's really a forum for key executives to get together and actually think about some of the future deals in maybe doing and there are some leading companies present there and it's very difficult to get all of this see yours in one room typically but a big meeting so very good to bring in really top level leaders into the same room

so i think we may see some deals announced during the meeting but a lot of the benefits will be future deals so it will be announced based on some of the discussions at the meeting you are the c.e.o. of the russian direct investment fund which was created to to support the high growth sectors of the russian economy what the world was the. all of the all of your fund on this apec summit well for us it's really in the potential to talk about many partners why thinking about investing in russia because when we talked to many investors they said they really need to have a reliable partner in the market and a russian direct investment fund is one of such partners and will now with wife three board we have heads of the solar and wealth fund of china korea kuwait we have leaders that all private equity firms such as stephen schwarzman leon black david wonderment so for us it's real in the preaching to me it was many of the

investors we've known before we need some new people and then cards them to invest in russia with us. i've been talking to. this studio at this table with with investors people who are ready to invest into bush's economy and of them said an interesting phrase he said that the problem is that the investment climate in russia is even worse than the climate in siberia so now we're talking about investing it to say bierria and even further into the far east is the russian government doing something to improve well not the climate but the investment climate in those eastern regions there is a man if you can prove it there is a major effort by the president of russia mr putin who announced that you know russia really needs to move from hundred twenty is place on these of doing business to two inches plays based on the world bank in makes no sense there's actual well being seems to be canceling this index is

a phrase that russia will move there and watch fasteners arms they were thinking about but. if it took seriously issue we do see some improvements as it was a survey done by earth and yon's that showed that in october of last year only twenty four percent of the leading private equity funds wanted to invest in russia where it's an april of this year that figure is already forty eight percent so we see some improvements but definitely there is. a lot of work that needs to be done with minister for economic affairs is doing on the road maps to improve russian economy is very critical because they basically take twenty to two key sectors and asking themselves how can we make customs work more efficiently how can we make the construction business work more efficiently if you have permits so that kind of very specific work in different industries is definitely going to bring results next year i've been to her about of squishes the russians far east of the major cities there and i've talked to chinese business and there are a lot of chinese businessmen she did the small small businesses and they told me

that what you've been talking about cross border possibilities the investment climate the leap the possibilities to start a start up business there are pretty bad for them and they were complaining is this is this choo choo you sent out to go because i'm sure that that what the president or the prime minister say in moscow. people even may not hear about it it is about a sc i think again i could really good meeting with the governors of cream or your region and his background is very unique actually around the university of their very successful who has a new governor and he is completely focused on bringing investor a sense while making conditions for business much easier and the fags around you health clinics and you infrastructure that has been created is definitely important factor but you're also on the stance that there should be much easier permanence and investors need to be welcomed and that was not

a culture or the part of russia for some time and i think that needs to be changed and the government is doing very active steps to change that during the last couple of years ago let's talk about big politics which always affects business last couple of years have been murdered by a major standoff between the united states and china both big parties russia and there have been a problem. in relations both political and economic relations of the two countries has this standoff affected russia's relations with china russian trade relations with china so well what's your impression well i think russia china trade this expected to grow very dramatically so as it figures are you know it's going to grow about five times in the next five to seven years so definitely there's a huge potential you know to benefit from growth of china and i think russia just is always focused on its own views and then on some issues you know it's has

a closer position to china on some issues has a closer position to the u.s. but i think we have very much focused on bringing basters from both you know u.s. and china in kuwait and other places of the world and i think you know politics needs to play a role but right now investors are so much focused on gross that we can actually bring investors from different countries of the world not thinking too much about politics when you said that the russian trade with china in the grow five times in five years years you're talking about biological trade or you're talking about russia's trade to china whether to alter the ballot you both i mean since it's so so so is such a figure that will bring enormous national interest here we will live to and we we believe that that is why you know relation with china is very critical and very important because a lot of the benefit will actually be in the far east regional fresher and up with

allows the region to get so much news investment well let's return to the a perk and to investment since the forum was established in one thousand nine hundred eighty nine one of its main goals has been to promote trade and to i quote to liberalize the investment climate in the asia pacific region so. you are considered to be one of the investment guru in russia at least yes so what's your impression did apec really do a good job in liberalizing did. i think. much more to be done i think a very good job in liberalizing trade and that was a big one a lot of but the freedom of investment definitely needs to be improved and i was. still little in russia many other places i think you know when investors go to me. even to the united states there are still lots of barriers for them to acquire

companies and to make investments so far as i'm fortunate here in st petersburg meeting my actually big point that they during a big meeting during g twenty meeting in russia next year they seem awfully burleson investments is going to be q one and russia is going to push this agenda forward thank you thank you very much for being with us and just a reminder that. there was. the russian direct investment. to invest in the russian far east or at least. in the russian thank you thank you for being with us and just remind you. when you have someone in mind to think. spotlight will be back with more comments on what's going on in and outside russia until then stay on. take. this is a. secret

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