i live up to the first example so i'm capable of this week we'll be discussing the conflict between person from the weapons contracts to russia plus saudi arabia opens up the stock market coca-cola loses its russian fish go sky high mountain cabin where he talks about drugs to stay tuned 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 on belt 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 it could mean more reason to transport money and they can i well i'm now joined by peter pan off the chairman of the board from 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 six economy in the world so in any way if you would like sanctions to be effective and really cause speed for the economy economy has to be

isolated completely. it's close to impossible to isolate the russian economy completely from all markets for all financial markets for war all the just to kill routes technology sources etc so all these sanctions will only go half way anyway. and in case of russia a big country with the big economy russia will definitely retaliate so these sanctions will be two way to a young russia will find ways to pay for our european union and at some point if i'm from that states i want to move on to tax evasion because i did mention this week there's been some new measures we know there's been a global fight against the anything that politicians as national politicians seems they agree on they say is. the 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 over those had goals and finally polls 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 in government 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 shuttle so business is very vocal and russian government is listening to business and be trying to implement measures for deep offshore is ation 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 too too hard business can go and stop being transparent and go into shadows both of these topics sanctions and tax evasion as far as

russian money is concerned. all means more money going to asia. most likely more likely i think russia has a great opportunity to find itself in the eastern markets. find investors in the eastern markets find new particles 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 parts of this can pretty much give up on russia and drop the contracts drop right groups 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 pete cetera is going to very painful that would be a disaster they would what that would be disaster for everybody here and 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 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 from british prime minister david cameron criticized france for its 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. 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. david these multi-billion dollar contracts say for more analysis i'm now joined by it wouldn't say 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 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 for ukraine ian russian speaking people and you notice how the rhetoric is changing on the downing of the 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 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 allies 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 sanctions what basically where it is

a bad. of allah i happen to think that in this matter in the long run the cards are held by russia ok so 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 contracts that are still in tax. but it's worse than hypocritical because cameron is playing at the zionist position and the americans are in his position or the expansion of nato behind this is that putting the pressure on to russia of 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 cameron 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 nato and decide to make a difference as well we'll leave it there mr shakespeare thank you farah much indeed for your thoughts on the topic very much appreciate it. on the sky's the limit for bitcoin latvian line abdullah take have announced a jetset is can stop buying their take it with a virtual currency at baltic is the first line to. payment opposite a lot of the travel giant expedia began accepting bitcoin for hotel bookings and began 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 down the so. 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 it most cable has a cold i suppose as opposed to the twenty five maybe. a loss of the company says this is down see that restructuring houston making basis in the cupcake. pace of russia have 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 in rough south russia metals giant sevastopol is finally offloading its u.s. assets the us its own fellows. around two point three billion dollars fine tom. it's time to get to the business desk and tim cabaye now also at the will does it

on pills is that right yes it did we got ph yes farm standard and to be honest i never really thought about it put 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 good little scare katie. slowly over time one hundred dollars hundred dollars or dollars it's getting whittled down to nothing but let's see what we have this week oh oh no oh no not ross 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 a 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 that felt very good i can tell that you're confident. a

wife are going to have less to be careful more confident but like i said every we go to dollars disappear is disappearing it's thought good it's not good so what are you going to do about it or want to 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. the wheel picks but i pick what goes on the wheel oh it's a bad off all right i tell you all right well good luck of course we do you have taken that tell the sun and as well see how you get on the next wait while that we come up both wake of decline so good luck oh thank you all need it. right that was ten i think brady and thank you for joining me and because they changed the morning news updates coming your way next.

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a spirit which yet that is allowed to live i need it so the money hurdle supports i'm still spoke with. you very much good that you are our guest and. that's it there's a convention. solutions for. it is. going to cook and girl. should have you.