well there was a little panic in the first minutes of the first hour as we sort of markets collapse in terms of the russian equities and the ruble but then they get even though it was after the sanctions then again we saw some panic after the plane crash so after it was an after market trading on the markets fell additional three percent to the four percent that they lost after the sanctions so it was like a seven percent drop we saw the ruble fall about two percent but as we see the next day following the plane crash the market actually started to rebound from the lows but the stabilization going on it is stabilizing a little bit there are a few factors first of all there is not much foreign money in the markets anymore a lot of foreign investors they left after the crimea situation they were on the fish be forced to sell their russian holdings not only and i call these in bonds if we look at the ruble the people started to panic because they still something's going to happen but it sank shows that we started to buy dollars to build the fish

will be the people more than twelve billion dollars cash if we compare that to last year it was only one billion dollars was 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 raise and they're holding dollars are not rising anymore the rates are low they are have a there or they want to go back into rubles so this is actually what started this way we see the the ruble strengthening. these are one the war there 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 away what can we expect some monday for the markets and. i think markets will stabilize in the if we look at the equities they are already if we compare them to say breaks to central europe and to turkey these are this is what we compare them to they are a sixty percent cheaper in terms of price for equities in a forward looking twelve months base. this will be you can look for work or

something like swirls make it work because of the even though said more than seven percent of dollars and its leader has the fastest growth rate of the p.s. so it is one of the best stocks and we have some of those on the market and people tend to invest in the old and 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 places the russian economy our business say exactly how europe is so dispersed we see some some of the nations who want the sanctions on iran some who realize that the world so much for their countries or home countries they've been lost for them yet but what the u.s. is really pushing. it was already pushing for the third phase of sanctions what would be 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 are really not able to to attract funding for. those four companies that were sanctions in a in the last week of this week yet but hopefully they're still u.s. businesses can deal with them one of the bases does not block six can do together still they can do you want to be since they can give them funding up to bind the strike is a the bottom line is these are the states that long term investments that at the proper that are being targeted it locally flows these companies who are on the least they don't need any funding because it will call for what that 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 this 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 a. getting ready to isolate you from the rest of the world the rest of the world

doesn't want to see us isolated. wishing that. if the third. phase comes of the sanctions of course is going on it's going to hurt the economy because we will have to find ways to finance the bands that we have overall have a little more than six hundred million billion dollars of debt in the long term and our reserves are cross with the 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 is going to be of course it will hurt the markets and when we took out this round obviously we have the tragedy of the paying crash as we know i if we talk about the third round what the third round ever reach the stage the iran is out within days and sanctions or is that why in the feet south 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 russia wants peace the earliest days old international events which it has been saying that all we want you guys is to come to the table to discuss we don't want this war games is going on and what happened to the plane crash i don't know who is responsible the whole yet but i think that the control of the air security of the people who led the planes fly above this war zone knowing that planes has been have been hit this week and last week i will wipe the why should the let planes fly there so maybe it was possible too but in case like i like hillary clinton said this week if there are any linkage to russia of this attack europe should have sanctions on gospel it's hard to understand how grasping was. that responsible for that so that's what she said because economic sanctions in her view will hurt rochelle you've heard the russian means that one. it will stop and

it's you know to a weapon isn't an economic sanction if you will in this times of war thank you so much indeed for coming into the studio today really appreciate that alexander. thank you it's my pleasure thank you. the brics bank was knowledge this week that will and to change the globe's financial infrastructure the development bank will rival the i.m.f. the world bank and office support the a mugging economy is the development bank will have initial capital of fifty billion dollars that could rise to one hundred billion funded equally by each nation and be headquartered in shanghai china with the president c initially held by india there will also be as a reserve fund for the five bric members see it as a mini i.m.f. i spoke to professor of economics well enough sufi his take on the significance of this new financial institution i think that is actually increases their potential

influence at the world bank and the i.m.f. which is what i think that they all saw is one of their goals their goals is to create independent of the reasons 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 that there will be good for the recombination is going forward because the rest of the good of the world one of the brics to participate in the broader multilateral institutions whether that opt out and i think. the bric countries have more than enough resources just for gold a growing presence in. the rubric of the i have ever as well as degree shouldn't these types of institutions is the view 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. tases stop with the

sequoia the sukhoi superjet one hundred aircraft may take off with european companies and it is time eight across will be supplied to russia as a lucian finance coach leasing company the airplanes about you did two hundred ninety million dollars suit choir's wrapped up a total of one hundred seventy nine orders for its planes at the. russia second biggest airline chance there i hazarded twenty a three thirty aircraft during. the transaction amounted to a seven billion dollars which means it is the first european customer to order the new modification across with increased fuel efficiency. crosses all this travel agency never has gone bust which means thousands are facing a holiday nightmare twenty thousand people have already paid for tools that may never happen in a shop economic downturn and increased competition are to blame. ok mr diamond's

team cabaye let's see what he's been up to i was out in the sun i was in moscow city having a good time you were here slaving away as usual what did you do you know you usually have most of my life in the darkness like a troll but that's pro-choice we're no more exciting that a little bit to be honest what are anyways last time we got our also 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 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 red lodge today so that's all looking fantastic so let's bring the wheel and see if we get a new russian company that we've never seen before or we want to be one will say we want to meet us there's no reason what else we want you to be added just take and here's what we get if we eat too much meat and upset our stomachs the pitchers form standard company which makes a lot of medicines are good in 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 especially that states where i'm from so this could have interesting results that a 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 to you so i hope it's healthy for your portfolio we don't want to third week of declines in the competition 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 so are things that i i want to good luck thanks katie thank you for that and thank you for watching this week stay to tea from more knees good bye.

we profit very large very attractive and now very globally recognize the source of oil for the world into the world's cheapest and best petroleum deposits have been going down we have to use more energy to get this energy industry grow like a cancer base where it's ten kilometers where. this whole area is slated to play that's her drinking water that's our wildlife service for fisheries. this is the end game when it takes two tons of sand to make one barrel of oil you know here at the bottom of the mine and that's where

. we chill our selfs. i think. they would like to do. the job 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 correct albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across the cynical we've been hijacked lying handful of powerful transnational corporations that will profit by destroying what our founding fathers once will just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try and rational debate and a real discussion critical issues facing america to find ready to join the movement then welcome to the big picture.

on marriage and in the financial world. to act to see these developments cannot stop because it is very strongly taking no demand to credit not going to get any economic benefit in life there are good and there are fucked. same series of golf pieces tried to play lucky polygamist want to thank you. for the short changing every minute. cut made the last laugh the weapon. by a laugh like the plague. was famously subsiding all time place cases most elite clubs. sometimes for

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