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i'm a celeb look just submit. a piece of. hello welcome to venture capital with me to go away this week at the business vault we witnessed the creation of a great bank in brazil also coming up in corporate news across styles as well as travel chaos for robson's and diamond trading but the russian market is slumped to this week in reaction to a new u.s.

sanctions the company is targeted dropped the ruble declined and the russian my sex slumped to a six week low as investors lost confidence and as international tensions intensified with the tragic malaysia plane crash the global markets once again panicked as far as the sanctions are concerned the country's a major banks and energy companies were targeted as well as the russian defense ministry i'm now joined by alexander proles vehicle for more analysis on how russia will be affected and indeed the u.s. companies tell me and michelle market reaction what was your reaction to it well there was a little telling people first minutes of the first hour as we sort of markets collapse in terms of the russian bar equity use of the ruble but the make even though it was after the sanctions. bill and you know we saw some paragraph sort of plane crash story after it was in after more history the number markets will

bushnell three percent or four percent but the warst so you're saying sure so it was like a seven percent drop we saw it will fall about two percent but as we see things the fall of the plane crash the market actually started to rebound from the low. for the stabilization going on in the street it was in a little bit there a few factors first of all there is not much for money in the markets anymore a lot of forms are in the stores that are left over from the current new situation . they were on officially forced to sell their russian holdings not only and i could use them bonds if we look at the world the people started to panic because they still something's going to happen and sanctions the bulls will be started to buy dollars will definitely the people bought more than twelve billion dollars cash if we compare that to last year it was only one billion dollars was while times more these are people holding the dollar cash at the moment in the receipt of the ruble is actually strengthening and what do people do they look at the deposits raise the rates are much bigger than the dollar rates and they're holding dollars

are not rising anymore the rates are low they are have are there or they want to go back into rubles so this is actually what started us where we see that with the double strengthening. these are one the other is that this is one of the factors other factors we see that inflation is picking up of our share of the picks up people tend to spend more because their savings basically just inflate the weight what can we expect on monday for the markets and. i think markets will stabilize in the if we look at the equities the equities are already if we compare them to say breaks to central europe and to turkey these are this is what we compare them to what they are a sixty percent cheaper in terms of price per record he's in a forward looking twelve months basis will there be a look for both of us some like for all sneakily because of the even though said more than seven percent in dollars and its leader has the fastest growth rate of the p.s. so it is one of the best stocks and we have the some of those on the market and people tend to invest in the wouldn't they don't really look at the sanctions because they look at the fundamentals so sanctions that how serious are they for

the russian economy they are pretty serious because we're much closer to the third phase of the sanctions that was discussed by obama recently we're not there yet because we see that your opinions are not really supporting the sanctions and i want to because they will hurt their economy obviously prices the russian economy our business that exactly how europe is so dispersed we see some some of the nations who want the sanctions and i and some who realize that the will so much harder. their countries are home countries they've been lost for them yeah but but the us is really pushing. it was already pushing for the third phase of sanctions what of the baby that what would that entail if you think it will block all the possibilities to attract foreign funding for the russian companies so we're now we're now we're already not able to to extract funding for. those four companies that were sanctions in a in the last week of this week yet but hopefully they're still us businesses can

deal with them one of the basis does not block is a list can do together still they can do you want to be since they can give them funding up to ninety the strike they say the bottom line is this is the long term investments that at the problem that at the top said it luckily for us these companies who are on the least they don't need any funding because if we're looking for what's right for example they need to pay this year just one billion rubles and they have free cash on the recounts forty three billion rubles already so this is just a small portion of what all of that they have for this year so there's plenty of money on the balance sheet for these companies yeah but there must be some effect otherwise mr obama wouldn't be doing this would take it as a clear sign that we're getting ready to isolate you from the rest of the world the rest of the world doesn't want to see us isolated. that. if the third. phase comes of the sanctions of course is going on it's going to hurt the economy yeah because we will have to find ways to finance the bears that we have overall

have a little more than six hundred million billion dollars of debt in the long term and our reserves are approximately four hundred billion dollars so we will carry them over pretty solid terms of our fiscal policy in terms of the houses that we hold as a complete even though considering the private sector debt but still it's going to be of course it will hurt the markets and when we took but they said round obviously we had the tragedy of the plane crash as we know i if we took about the third round what the. third round ever reach the stage the iran is out with embargoes and sanctions or is that why in the future i think that's a sanction i think it's way in the future because russia is not really doing anything that might provoke would have. even if we look at the ukraine situation obviously for sure wants peace there in this case all the international events which it has been saying that all we want you guys to sort of the table discuss we don't want of this war games is going on and what happened to the plane crash i don't know who is responsible for the yet but i think that the control of the air

security of the people who led the planes fly above this war zone normally in the planes has been have been hit this week and last week why why why should the. planes fly there so maybe it was possible too but in case like you know like you were a clinton said this week if there is a linkage to russia of this attack the group should have sanctions on gospel it's hard to understand how grasp it was. once it was that i am responsible for that but still that's what she said because economic sanctions in her view will hurt russia i have heard in russia means that the world will stop i mean to go to a weapon is there an economic sanction if you will in these times of war thank you so much indeed for coming into the studio today really appreciate that alexander prince vehicle and here is my pleasure thanking. the brits banquo's knowledge this week that will and to change the globes find out to link

the structure the development bank will rival the i.m.f. or the world bank and office of ports the emerging economies the development bank will have an initial capital of fifty billion dollars that could rise to one hundred billion funded by each nation if we had cause it in shanghai china with the president see initially held by india there will also be i reserve funds for the five bric members. as a mini i.m.f. i spent a professor of economics well enough suffa his take on the significance of this new financial institution i think it was actually increases their potential influence the world bank and the i.m.f. which is what i think that they also just one of their goals their goals is to create an independent pieces for financial action but it also will be for the reaction to the fact that they do not have that much power in the world bank of the

i.m.f. and i expect there will be good for the commendations going forward because the the rest of the good of the world want the brics to participate in the broader multilateral institutions whether the opt out and i think. the bric countries have more than enough resources just or hold a growing presence inside the rubric of the i've ever as well as the creation of these types of institutions as a kid they could be focused much more on their of the jugular needs in the coming decades i.k. time for some corporate news and it was the problem in the u.k. to stop with the sequoia the sequoia superjet one hundred aircraft may take off with european companies and it is time eight across will be supplied to russia's and mission finance company leasing company airplanes about two hundred ninety million dollars sequence wrapped up a total of one hundred seventy nine orders for its planes have the say. and russia

second biggest to adeline's chance their eye has ordered twenty amp us a three thirty x. robs during the ash the transaction amounted to a seven billion dollars which main chance there is the first year paying customers to order the new modification crossed with increased fuel efficiency. prices all this travel agency never has gone. which means thousands of facing a holiday night that twenty thousand people have already paid to tools that may never happen a shop economic downturn and increased competition to blame i came mr diamond's team cabaye let's see what he's been up to you i was out in the sun i was in most cases he having a good time you were his slaving away as usual what did you do well katie and i usually leave most of my life in the darkness like a troll but that's pro-choice we are exciting that a little bit to be honest what anyways last time we got all rosso which the

previous time performed well but this time it would die out a little bit when you've got eighteen thousand dollars going down a little bit means one hundred thirty two dollars but the i'm not too worried about it always you see we've got some new companies here on the wheel which is great especially meat gotta love the i haven't had lunch today so that's all looking fantastic so let's spin the wheel and see if we get a new russian company that we've never seen before or we want to. take leave one of the meat yes there's no use in us we want you to be added to take do and here's what we get if we eat too much meat and upset our stomachs the pitcher farm standard company which makes a lot of medicines a good ng ones of for your stomach and especially for headaches which i get pretty often actually interesting thing about russia is medicine here is very affordable compared to some other countries most of that states where i'm from so this could have interesting results is yet another sort of worth it or are they going to try to do more like the western model and the prices who knows but i'm kind of curious

to see how this stock will perform i'm fareed zakaria said always been fascinated by pharmaceuticals and they're incredibly lucrative companies and that's certainly what we all need to keep it's nice and healthy so i hope it's healthy for your portfolio we don't want to week of declines confidence you know i. don't either but the thing is like i said when i lose i lose a little what i gain again big. things about i want it bad and good luck thanks katie thank you for that tim and thank you for watching this week so devastating to all to you from more unease by.

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