a pleasure to have you with us here today. i'm katie proclaimed and you're watching venture capital coming up roughs the bike we took food as most our response to international sanctions and we also looked into the potential consequences of banning european flights crossing as space to asia also russia and iran team up and agree to an oil trade deal understanding to ease the impacts of such sanctions and some kirby joins me later he's going to

be talking about they are but first the russian government has imposed a one year restriction on the import of agricultural products from the countries imposing sanctions so beef pork poultry fish cheese milk vegetables and fruit imports from australia canada the e.u. u.s. and norway all off the menu but the drinks menu is still ok our goal is not affected neither is baby fruit now in twenty thirteen russia imported six point seven billion dollars worth of meat products in total so talk about a money hit so to discuss this issue the new bite back measures i'm now joined by alexi a sokoloff head of the learning center who trades dot com alexei these measures are designed to hit back the question is how ha's of a going to hit back and who actually didn't hit back. the falling apart before

these murderers you. know are shot ol not going to hit back. just trying to drop their on the other cultures circle hey i'm. all in the economy in. the. son turnbull into. the european union the law is gone he'd fall on. all the contras who provided bin i've got a cultural. products for russian market so presumably i like the bus and farmer is going to be the biggest winner in all of this i think for this year will be much more profitable for our some farmers. last year or. maybe it will be the best year for them from. from all years the.

beginning of the ninety's ok but what if our european partners and the accolades kodesh father for example somebody in the baltics what do they do now where did they sell their goods to where they're going to have to wait a ramp up their exports back so that. domestically what will happen to that odd thing to european farmers. will have a lot of problems. i think they are going to occur. real prizes in. the in the pharmacy or in the in aga culture sector over on the minute. they are going through. the sell the their products in the most the markets. those markets so wide there are like overarching one for the average consumer what does it mean kuwait specs loads of queues in the supermarket the people to rush out

and store out what can we expect do you think anything to make take like that is going to happen. for every consumer as the main point now from this action is that everybody are afraid of a prize draw. and the government promised. to draw a law. they will hold. for all that the which are on those charges thank you ever so much like getting what for us on the streets of moscow braving the elements that russia is believed to be considering the ban for european fries crossing its airspace to asia now the route the european flights currently take is save forty five hours in flight time and saves thirty thousand dollars for each flight flown if russia does decide to hit back using simple geography and this is the route the european flights would then

have to take that have to go below bypassing russia altogether now there is clearly well a lot more distance to cover there is longer and that would mean more cost to you know an airline source quoted by vettel most newspaper says the possible losses for western allies could amount to one billion euros in just three months now this week we witness international airlines shares were down we had air france down the fin air and american allies as well now araf lot also suffered too because the russian airline collects route is from foreign airlines to the right to cross siberia making it nearly two hundred million dollars a year on average so we witnessed its stock also drop just because of the room and i got scenario just here this is an example of the route that it currently takes it goes right through our russia just so that would indeed change should this happen but ultimately it would be the consumer who would lose out and russia's foreign

minister sergei lavrov he denied such action would take place this week despite the rumors and for this very reason actually because of the holidaymakers now moving on russia and iran agreed on historic twenty billion dollar deal this week to bypass western sanctions. is the deal not yet completely sealed would mean iran could avoid western sanctions which are aimed at telling the country's nuclear program russia iran trade is already worth five billion dollars a year so to discuss the implications of such a policy at least. from the average channel thank you for coming and i know you know this region for a while so i want to get your expertise on all of it i suppose the question that first comes to my mind is russia has an abundance of natural resources there's plenty of oil hey why would they want a iranian oil well before saying why washington needs this oil we need to know how

much oil actually would get from your own because the numbers we've been hearing about the quantities vary significantly one thing is if russia would take say half a million barrels a day off i mean all this is one story among a different story will be buying only fifty thousand barrels of arriving all very different that's a different story to say here is different sort of see the implications of how march is huge as well as we're waiting for the final details of that one the with bated breath as per usual but one thing i do want to talk about we can discuss this is what it would mean for the russian ruble because presumably the countries would be trading in that current say apart from the issue of the quantity you just referred to katie the issue of the currency of this for it is very important well given that both parties iran and russia of course are subject to western financial restrictions given that it would make sense for for them to trade in local currencies on the ruble russian ruble here looks in

a much better shape than they were in iranian the rio ruble is a much more stable currency so this option would allow the two parties to skip this worse than financial restrictions and to manage risk yet so there are a trade in the here and the u.s. dollar just be independent from. i suppose that's the idea ok so russia's going to get iranian oil what's wrong to get them what type of industries would they even want from russia russia is interested in selling industrial goods machinery all you guys equipment to iran and even agricultural goods as washing grain would find a market in the wrong as well and let's not forget that worse than businesses are waiting for a call if i may say from their politicians here because they want to throw it so much with iran and well but of course that question depends on whether the west and iran would strike a deal on iran's nuclear program is all that's what we are waiting for and it's being negotiated out with the russian army yes sure sure but russia now is moving

beforehand and trying to secure a share in their on their markets and he sank you so much indeed for filling us in on all the details there very interesting stuff because it seems at the moment you've got the sanctions against the norm the sanctions that we know september the might intend russia's going to rob potentially still this deal so we're waiting to see what happens there will we get a backlash from the u.s. if they do so we'll get back in to talk about that why not our enemies thank you. now let's focus on russia and of businesses and see what companies have been hissing at the domestic headlines this week so i don't think tour operator well it's gone bankrupt which is like five hundred. customers stranded abroad mostly in greece and another one thousand three hundred booked to travel will not be able to do so or people affected will be compensated buses the second largest oil producer

lukoil is going to sell a network of gas stations across the czech republic slovakia and hungry as it continues to scale down assets in central europe the company is said to focus better on russian projects buses to give mobile operators simple calm has seen the light. this rate of customer out flies in trading is the company says are still down thirty seven percent since the beginning of this year not weak performance in vasa still the company's biggest market. i can now it is big. let's join tim cabaye what are you up to the same as being last week all year high katie will is always bureau clock but then again maybe it's actually not because i found out that legendary russian brand of baltic a has actually been completely bought out by foreign carlsberg so unfortunately our investment does not count because it's no longer trading had made

a little bit of an error we have to get rid of baltic case as only certainly one of my favorite products on the wheel and we replace it with something that's very russian and both good ways and a couple bad ways i'll save lives makes me question did you have too much spare before you put on the whale no no but when you look at the picture and you see that big frosty mug you think well that is definitely refreshing i had been trying to cut back a little bit on the beer maybe the audience has noticed the smore slightly slender physique but oh see saw unfold with a man and i carry out a q well anyways let's see what we get on the wheel to invest in this week and hopefully it will be a country a company that is at least mostly or partially russian so yes that's what i think yes i'm not going to be too hard on you because you still make money that's the problem it's difficult to criticise you all are you just sort of making money off to just keep up i don't know that it happened but was the maker of the legendary

jiggly car unfortunately is not very renowned for being a very successful company in russia but let's see you know to katie to be honest if i had one wish i would love to be in charge of that company because of all the potential but they just never really realized yet i think a little bit of encouragement i reckon you'll the month if anyone's going to do it so we've had like lots of. the products stocks to deal with it i mean we have the bear was not the cause well i reckon the michaelson faith in this new look you're talking to this is a natural reflection of the person you work with. so who is. if this extremely manly product works or doesn't work next week in terms of the stocks i think a team can be good for you well don i know that the russian car industry has taken a bit of a battering in recent years are moody interested to see how that one will do it don't drink and drive though you know that you know there's one thing i don't score

i was i do admit i do not do you i always a pleasure really informative this week and good luck with decals all right and that's a wrap for this week thank you for watching see you next week stay tuned our team for the news updates good light. her. of. the pledge it was terrible they come up very hard to make a pledge again a little longer to supply houses that had sex with the earth make their lives let's play.

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