i live up to the first example so i'm capable of rape this week we'll be discussing the conflict between person from the weapons contract to russia plus saudi arabia opens up the stock market took a loses its russian fish go sky high mountain cabin where he talks about drugs to stay true to the details on all of. the e.u. is set to target state owned russian banks the measures will european investors from buying new debts or shares of these banks access to capital markets arms and energy technology will likely feature in the new set of e.u. sanctions now this comes the same week that the fight against secret offshore

accounts has some promising results thirty seven billion euros was collected by governments across the world new details were unveiled of the next phase of the global crackdown on tax evasion which will allow the automatic sharing of data but we're now going to discuss how new sanctions on the fight against tax evasion could mean more reason to transport money and they can buy well i'm now joined by peter pan off the chairman of the board from the time the great so before we move on to tax evasion we're going to touch on that just a minute or two we've got these e.u. sanctions they're being finalized as we speak what will they do to the russian economy i don't believe that those sanctions will be at the full scale and too harsh on the overall russian economy. the girl believes that mostly a mainly state owned companies will be targeted and something else to keep in mind you russia is

a huge country and the sixth economy in the world so in any way if you would like sanctions to be effective and really course pay for the economy economy has to be isolated completely. it's close to impossible to isolate the russian economy completely for all markets for all financial markets for all the just to kill routes to acknowledge resources etc so all these sanctions will only go half way anyway. then in case of russia a big country with the big economy russia will definitely retaliate so these sanctions will be two way to where you and russia will find ways to be for our european union and at some point if i'm from the states i want to move on to tax evasion because i did mention this week there's been some new measures are we know this but i will fight against it is there a thing that politicians as rational processes seem so great on these days. and all sanctions more rules and regulations that sometimes means the more breaking off that do you think that because there are going to be more hurdles that people will

be more inclined to jump over those how those and find loopholes to get rid of that money elsewhere to pop a secret i don't even if i say it's impossible in russia i would not be honest and frank with you indefinitely it is but russian government successfully was fighting against a shadow areas of economy over the last decades and the current russian tax regulation is actually target towards limit is much bigger much more profitable to be open and transparent rather than go into the shadow so business is very vocal and russian government is listening to business and the trying to implement measures for de offshore is a sure and or increasing taxes changing with the very close contact and dialogue with the business and business is very vocal about saying if you push business to to hard business can go and stop being transparent and go into shadows suppose both

of these topics sanctions are tax evasion as far as russian money is concerned. all means more money going to asia. most likely most likely i think russia has a great opportunity to find itself in the eastern markets. find investors in the eastern markets find new participants in the in the eastern markets because unfortunately i don't want to elaborate on the cause of the sanctions is beyond my. i think the message is very strong that under certain circumstances western partners can pretty much give up on russia and drop the contracts for upright groups and russia will definitely ritually short term because we know sort of rumors that russia can nationalize some of the. international oil and gas companies including you know x. and mobil shelby is going to very painful that would be

a disaster they wouldn't know what that would be disaster for everybody you know it's not nobody wants this that's why wes should think twice about putting russia to too hard to do for peter panel thank you so much for coming in thank you so much i really want to say to your son they so appreciate you coming into our studio. and staying with the conflict surrounding ukraine but this time between verse in front british prime minister david cameron criticized france for its of two warships to russia but across party parliamentary report later a bill that more than two hundred u.k. licenses to sell weapons to moscow remain intact just to give us an idea of how huge the global weapons industry is we'll have a look at the countries that make the most money so as you'll be able to see the u.s. remains the largest exporter of conventional weapons in the world accounting for thirty percent just that or about seven billion dollars a year russia is second with twenty three percent which is about four point five billion here then is germany france and britain so considering these numbers

despite all the horror that's happened over the last week or so it's clear to see why there is so much tension over these multi-billion dollar contracts so for more analysis on now do i buy it rodney shakespeare political analyst from the global justice movement ok mr shakespeare there's lots of pointing and blaming going on at the moment thought in your opinion politics aside should be stopped to russia right now. well i don't think you can avoid the politics i regret the assumption that we should be talking about trade relations and sanctions against russia it's not russia that's conducting a deliberate extermination of the women and children in gaza it's not russia conducting the slaughter of millions hundreds of thousands perhaps in syria and iraq and it's not russia that proposed the elimination of the russian language if

ukraine ian russian speaking people and you notice how the rhetoric is changing on the downing of that plane as people asked the questions as to why the plane was directed over a war zone and why they lowered the altitude of the plane but your questions us regards sanctions. the reality is is that in the long run that the west will lose out on the sanctions that europe cannot afford a sanctions france can't afford it if it lost that one point two billion for those two aircraft carriers the u.k. is being totally hypocritical hypocritical it has two hundred fifty one the ongoing contracts for sniper rifles and drones and the bottom line of course is that russia can strike back i cannot her lies assets of say shell and b p so i'm afraid all this sanctions talk is going nowhere it will be a loss to the yachting club down in cars and the isle of wight and the hong kong

yachting club will benefit but those individual russians because that's all sanctions are and amounting to who are sanctions what basically where it is a badge of honor i happen to think the in this matter in the long run the cards are held by russia i can i say that mcnulty britain and france going at it this week do you think i'm going to presume you're going to say yes that cameron has been hypocritical and what he's been saying give him instead the two hundred fifty one contacts that are still in tax. but it's west. and hypocritical because cameron is playing at the zionist position and the americans on his position or the expansion of nato behind this is that putting the pressure on to russia of the expansion of nato it was in georgia. and of course they're trying to put missiles into ukraine that's what he's really this is

about so it's worse than hypocrisy it's about being part of the nato expansion and that's why they're trying to pressurize russia but they are losing on this politically and they are going to lose in the long run particularly as the brics say they've had enough of the west the night so they decide to make a difference we'll leave it there mr shakespeare thank you very much indeed for your thoughts on the topic very much appreciate it. on the sky's the limit for bitcoin lot of in line abdullah take have announced a jet set is can stop buying their tickets with the current say baltic is the first line to offer. payment option a lot of the travel giant expedia began accepting bitcoin for hotel bookings and except in the current sea full flights bookings.

saudi arabia's stock market will open up to foreign investors for the first time the saudi market is the biggest in the middle east and the second biggest in the world that is close to direct foreign investment the us off to china the move is part of why government efforts to diversify the saudi economy away from oil and now we're going to talk about corporate news and what's been going on hey a mosque a wall has of course i suppose as opposed to twenty five million dollars stayed russell the company says this is down to that restructuring. it's making basis in the cupcake. price of russia signed an agreement aimed at speeding up deliveries the websites of vice president wendy giant types the deal will help the company keep up its rapid growth. sevastopol is finally offloading its u.s. assets the own fellows. around two point three billion dollars fine tom.

it's time to get to the business to ask tim cabaye now last week the will does it on pills is that right yes it did we got ph s. farm standard and to be honest i never really thought about it but they actually make a lot of the medicines that people use in russia and my wife swears by their immune system booster are good all but unfortunately i lost one hundred dollars their stocks went down just a bit so i'm actually get a little scared katie because we're going to rise yes slowly over time one hundred dollars hundred dollars hundred dollars it's getting whittled down to nothing but let's see what we have this week oh no no no not gross sniffed while i'm happy because they are on the bad end of sanctions if my memory serves me correct so i don't know how rough sniffed is going to perform my next means oil and they are one of russia's biggest oil producers so let's see next week you never know all is

usually pretty reliable but. listen you've got a third week of the climbs i get i can tell that your company and the wife are going to. be careful more confident but like i said every we go to dollars disappear is disappearing it's not good it's not good so we're going to do. a little bugger do about it my my my destiny is in the wheel but i think i need to maybe stack the wheel with more guaranteed winners here saying you know what. we'll pick some but i pick what goes on the wheel. that i tell you all right good luck of course we do have sanctions i take it that's how in the sun and as the how you get on next week was that we come up both wake of decline so good luck oh thank you all needed. right that was ted i think katie brady and thank you for joining may i because they change i'll say for more news updates coming your way next.

well just. joined us this month in fossil on as we follow the international teams vying for racing glory al smith. one holmes how much we delve into the mysterious cost of a cult classic under spawn keep my kids away from the hot clear in the road for space program. technology sunday cheer on chief we've done the future cover. you know where you.

were. in fish farms waters. you have the palm of me because. i saw you spread all over nobody.