initially believing in this world when they believe that you know that me to be an active. they simply don't realize when down days the parts of down we need to go beyond that and actually engage with the ideas information that is presented as well and confront that information and i think that's something that as you mentioned before not everything is black and white not everything isn't taken to stick and the more that we can be i guess. open minded qana source of information regardless of the source i think we're all going to be the.

well i was first to go so i'm capable of this we will be discussing the conflict between person from the weapons contracts to russia plus saudi arabia opens up the stock market ok loses it's russian fish go sky high and tim cabot when he talks about drugs to stay tuned to the details of all of. the e.u. is set to target state owned russian banks the measures will buy 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 a 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 a 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 cause 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 technology sources 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 a and russia will find ways to pay 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 that is but a global fight against the anything that politicians as national politicians seem to agree on these days. most anxious 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 out of those had those and

find loopholes to get rid of that money elsewhere to pop a secret even if i say it's impossible in russia i would not be honest and frank with you indefinitely it is that russian government successfully was fighting against the shadow areas of economy over the last decades and the current russian tax regulation is actually targeted towards limit is much bigger much more profitable to be open and transparent rather than go into the shadows so business is very vocal and russian government is listening to business and the trying to implement measures for show 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 the shadows of space both of these topics sanctions and 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 eastern markets find new partners in the in the eastern markets because unfortunately i don't want to elaborate on the cause of the sanctions is beyond my area of expertise but i think the message is very strong that under certain circumstances western partners can pretty much give up on russia and drop the contracts proprietory months and russia will definitely retaliate 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 pizza is going to very painful that would be a disaster they wouldn't know what it would be disaster for everybody here and it's

not nobody wants this that's why west should think twice about pushing russia to too hard and too for b. to panel thank you so much for coming in thank you so much i was able to say to you yes i may so appreciate you coming into our studio. and staying with the conflict surrounding ukraine but this time between burson front british prime minister david cameron criticized france for its two warships to russia but across policy parliamentary report later available 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 for seven which is about four point five billion here then is germany france and. 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 attention to. these multi-billion dollar contracts for more analysis i'm now joined by it rodney shakespeare political allies from the global justice movement ok mr shakespeare there's lots of pointing and blaming going on at the by meant 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 who is conducting a deliberate extermination of the women and children in gaza it's not russia conducting the slaughter of. 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 are sanctions. the reality is is that in the long run 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 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 these 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 sanctioned what basically where it is

a badge of honor i happen to think that in this matter in the long run the cards are held by russia i can i say in my call to 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 given that you said the two hundred fifty one contacts that are still in tax. but it's worse than hypocritical because cameron is playing the zionists position and the americans and his position of the expansion of nato behind this is the putting the pressure on to russia expansion of nato it was in georgia. and of course they're trying to put missiles into ukraine the to see what is 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 brits say they've had enough of the west and later decide to make a very different 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 latvian abdullah take has announced a jet set is can stop buying their tickets with the virtual currency baltic is the first line to. coin payment option aloft travel giant expedia began accepting bitcoin for hotel bookings and began accepting the currency for 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 the second biggest in

the world that is close to direct foreign investment that's 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 here in moscow what has occurred i suppose as reported a twenty five million dollars loss of the company says this is down to that restructuring. making business in the country if i. have signed an agreement aimed at speeding up deliveries the websites of vice president when he joins hopes a deal will help the company keep profits rapid growth in. russia metals have a stall is fine. they all fight against u.s. assets the. valued at around two point three billion dollars fine. time to get to the bases to ask him cabby now last week the will. pills is that

right yes a 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 but all but unfortunately i lost one hundred dollars their stocks went down just a bit so i'm actually get a little scared katie. 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 rust. why i'm happy because they are on the bad end of sanctions if my memory serves me correct so i don't know how russ sniffed is going to perform and they have to 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 kleins 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 what are you going to do. a little longer 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. the wheel picks but i pick what goes on the wheel. that i can all right good luck of course we do have sanctions that take it that's how in the sun and as the how you get on next week was that we caught up old quake of decline so good luck oh thank you all needed. right that was ted i think katie brady and bank a for joining may i because they changed the morning news updates coming your way next.

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