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welcome to venture capital with the k.c. building this week we've come to the heart of the moscow financial center to talk about the recent tensions surrounding the global banking industry we've also got coming up on the show our in-house investor mr tim kirby he's still involved with his metals industry was sued how he got on the second week running with service all that to come as well as corporate news and the world cup final takes place in brazil today but in four years time it will happen here in moscow we go to the free stadium where it all kicks off but first a u.s. so far it is they all camping down on the european banks especially at the moment for what they see as violating trade sanctions now this could potentially alienate the u.s. from its traditional allies of course we had the french bank being people power about find nearly nine billion dollars then it was commerce bank it's thought we

find hundreds of millions for breaking u.s. rules now what does this mean for the u.s. could it mean they are a rare thing themselves from to dish no partners what is asked an expert right now to a buy on on the clock from to me this oldest investment banker on birds of the air thank you for joining me today because some a rather glorious moscow ok do tell me we got a bit of a stroll i think is the u.s. alienating itself or is it right to be enforcing such huge fines the european banks and actually all the banks in the world all stark to the u.s. dollar you know they have just no choice they have to apply it to avoid on one hand to their home rules regulations in europe for me and. surrounds us bob because the speech on the subject or your. b.n.p. was involved as well and all the other homes we have to avoid. to respect the international order of the us regulations yeah although in this case you know it was something which was. unrelated so it's a very is interfering by the u.s.

side because obviously it is a separate country isn't it two separate countries so all you can say almost of one simple it is interfering but on the other hand it is their own currency yeah so as long as you usually know this is a national currency and the central bank or federal reserve has in it it's all right to the side of things as it won't be goes its own currency so this is the funny thing with the u.s. dollar is that on one hand it's the u.s. currency on the ties to. work as a country rules and policy and currency point that's it yeah and all the other hand it is the currency of the world and is that the problem i do think with a very reliant on the u.s. dollar quickly see a backlash towards the dollar as if it bought a number of economists are saying that definitely you know trade should be made you know the currencies are not just the u.s. dollar i'm not trying to finance minister didn't he the rebalance the thing we have here there but president putin did say that a few years ago already and i think he's trying with the brics countries and to

have these kind of alliance with china on to trade already and between different countries already in yuan or in russian ruble or in the indian rupee now what about european companies because some heads of french companies for example have been questioning why is the rest are you so much as opposed to the u.i. is obviously that's why the euro zone states in the past but emission national contracts you can use the currency with you that you won't yeah if you want to use euro you can the problem is that it's. first of all the certain you know commodities especially oil and gas are basically linked to the dollar bills and and that's a this is international trade these may change over time obviously but you know you have the gulf and the gulf countries first of all their own currency is pegged to the u.s. dollar so it's basically almost exactly following the. well the u.s. dollar so you know and they are the large by far to take the u.a.e. and saudi arabia that are just oil producing the world's all the countries also oil

producing mexico and venezuela are very much into the u.s. as well so some some things you know like this will probably remain for for a long time now however there will be people say the reason fights you know among countries to sort of a number of countries want to get away from the u.s. dollar and the u.s. general you know more so than a union pollers is becomes more of a geopolitical speck now than just the financial is a political tool to think the u.s. uses it as that will each country you know is using its own tools to earn to influence the others ok that is arsenal to the u.s. as well tools. that are just the richest country in the world by phone all right on out the clock thank you very much indeed for joining me today from the three center of the mosque a financial. and to king of global banking well the powers the five nations brazil russia india china and south

africa aidid in brazil for the eve of the summit a message to finalize the details of the development bank that we've got are very i missed calls start he's in the country just now for a stop or tell me what do i expect asians and what is on the agenda this week for the first is the development bank or the brics bank as it's going to be basically this is going to be a war chest for times of crisis is going to protect the five countries and their economies can act as a buffer if there is a future financial global crisis and the second part is the stabilization fund which is going to help support the emerging economies it's going to be seen as an alternative a rival if you like to the i.m.f. and the world bank let's talk about facts and figures because this new. this new bridge bank is going to have one hundred billion u.s. dollars in reserve and forty one billion of those are going to be provided by china

eighteen billion will be provided by russia india and brazil each well south africa will provide for i've been there. and i suppose the burning question has to be do we need this bank or the fact of the matter is that the emerging economies are actually mainly creditors for the developed nations meaning that they are financing the developed countries now the developing world accounts for around seventy five percent of the world's total currency was a watt power of wealth distribution why is very much still with the west not purely because traditionally however the tide is turning and times are changing and the process could be accelerated by what happens here in brazil a bridge twenty forty ok thank you very much mr scott in brazil for us now talking of the country where the final of the world cup will take place today i went along to the stadium here in moscow where the opening game of the twenty eighteen event to take place here in russia. the winners of the twenty fourteen world cup will be

announced in brazil today in fast forward four years and it we happening here in moscow for the twenty eighteen a vent the final will take place just behind me at that is nicky stadia which right now is being reconstructed at a cost of seven hundred million dollars and that's to get it up to the standard and to facilitate eighty one thousand people it's get a ticket sales coming in in order to make up the price tag which at the moment is sitting at around eight million dollars but it's set to eclipse the brazil prize which was around twelve billion to be the most expensive world cup in history now at the moment only three of the twelve stadiums have been finished so the pressure is definitely on the labor is to build as well as the investors to make money and the football as cisco. right now it's time for some corporate news let's find out what's been moving in staking the most cases the buildings and this way serbia

has signed a two point one billion year icon transmit a gas problem subsidy jury sequined stumps the sunscreen pipeline across its territory this is despite the increasing pressure from the e.u. to suspend the projects because it claims it breaks competition no. question of budget carrier dog brillant has pace painted loads of flights to see beaches but this is due to a failed agreement on the cost of the food services with the city's cocoa apple. precious state and bank the e.p.a. has said it will not take part in a bailout of met joe the indebted myna has been hit by weak prices for its products and was hoping for a convertible bond scheme from the bank the company has already gone through several debt restructuring. let's go over to the headquarters now and see what tim cabbie has been up to on the business desk because he was stuck with sevastopol

once again so how does it walk out for the second wave well not as good as the first time i lost sixty five dollars but that's ok i'm still way ahead and waste of money also meant that you had to spend a hundred u.s. dollars on what have you found said last time it was pretty certain what to do. well how are your thoughts since it's summertime most people in america might have a cool coca-cola or something but here's the summertime drink costs for russia you know i will tell you what's in it because it'll sound unappetizing book tell you two things one solution to it contains no animal parts so well i hope you like it because are sixty more these in your office waiting for you but anyways katie i think it's time to find out what we're going to invest in but certainly we can't invest in court costs. maybe both can make squash i forget bullets she is a going to be baltar girl. is it is it no it's not it's going to be oh rosso diamonds which i believe worked out pretty well but a cross might be cheap but for me it's

a lot better than diamonds now tim you've done exceptionally well overall what is it you'll see create can you just talk us through a war has been happening plays my secret oh i think complete and pure luck i don't know we just put major russian companies up here it could be also the fact that a lot of the really really big and reliable companies trade and the more medium and small sized companies really don't so maybe the selection in russia is a little bit more reliable i don't owe. a thank you to the likes of you very mr. looking forward to seeing you and next week it is time for me to say goodbye from the financial hub of the last day well the financial action and trading takes place good bye scenically.

it's like you don't want the bullets to stop because it's like duck duck duck that's a backpack that. moment so it's it's almost like there's a beat the build and then you just see the big salad it's like a base. this is about making the business survive. and. corporations don't love your parishioners told hate corporations have no feeling. corporations don't care about you or me corporations will occur

but often. people come to untouched forests and leave massive bleeds in the sea come on. we're not going to quit we will not stop until it is done what is more precious music more moving. i think. we're going to go digital the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and i was crushed cynical we've been hijacked why handful of transnational corporations will profit by destroying what our founding fathers once told just my job market and on this show we reveal the big picture of what's

actually going on in the world if we go beyond identifying the problem trucks and rational debate and a real discussion critical issues facing us to find her job ready to join the movement then walk a little bit her. lip . lip. lifts. are you watching the weekly here and now despite his from kiev that is ready for a ceasefire with the self-proclaimed republics of the net in the ganske there's been little relief for the people in ukraine's aged according to anti-government forces more than thirty.