i'm katie program and you're watching venture capital coming up ruptured by we took food as most our response to international sanctions and we also look into the potential consequences of running 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 on the country's 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 toto 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 are they going to hit back and who are they actually didn't hit back. the falling apart before these murders you. know are shot odds not go into here but. just trying to profit there on the other cultural circuit or am. economy encourage

you to. son turn to. the european union the lot is gone he told. all of the contras who provided bin i got a cultural. products for russian market so presumably alexei the bus and farmer is going to be the biggest winner in all of this i think this year will be much more profitable for our son farmers. last year or. maybe it will be the best year for them for all my. from all years the. beginning of ninety's ok but what about european commas and the accolades kodesh fama 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 really ramp up their exports

back to that to europe domestically what will happen to them are think the european farmers. will have a lot of problems. i think they are going to occur. a real crisis in awe. in the pharmacy or in aga culture sector over on the minute. they are born to. sell the. product in the mass the markets. those markets are so wide there are alike on russian one for the average consumer what does it mean kuwait expects loads of queues in the supermarket the people to rush out and store up what can we expect do you think anything to max it 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. a lot. they will hold. all those which are on both sides. thank you ever so much i like you favor 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 of flight time and saves thirty thousand dollars for each flight flown if russia does decide to hit by accusing 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 for the right to cross siberia making it nearly two hundred million dollars a year on average that we witnessed its stock also drops 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 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 holiday makers now moving on to 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 will 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 per day or for i mean all this is one story about

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 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 quantas 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 a 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 western financial restrictions and to manage to risk yes so on the 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 and gas equipment to iran and even agricultural goods as washing green would find a market in the wrong as well and let's not forget that worse than businesses are waiting for a call from or say from their politicians here because they want to throw it so much with iran and the world 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 worked through we are waiting for and it's being negotiated out with the russian army and 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 norms sanctions that we know september the night intend russia's going to iran to potentially sewall 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 a business is a see what companies have been hissing at the domestic headlines this week so doctors face tour operator well it's gone bankrupt which is left 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 bus is the second largest oil producer lukoil is going to sell a net 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 the russian projects russia's biggest mobile operator 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 russia still the company's biggest market. i can now it is be. let's join team cabaye what are you up to the same as being last week all year high k.d. will. always be your o'clock but then again maybe it's actually not because they 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 ball to crazy sadly sadly 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 bolt on the wheel no no but when you look at the picture and you see

the big frosty mug you think well that is definitely refreshing i have been trying to cut back a little bit on the beer maybe the audience has noticed he swore slightly slender physique but i. saw him sold of a man and i carry out a few well anyways lets 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 yeah let's start with this i think. 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 vaas just keep up i don't know that it happened but was the maker of the legendary the car unfortunately is not very renowned for being a very successful company in russia but let's see you know decatur to be honest if i had what it was i would love to be in charge of that company because they've all the potential but they've just never really realized yet i think a little bit of encouragement i reckon you're the man to do if anyone's going to do

it so we've had lots of. the products stocks to deal with it i mean we have the way it was because well i reckon you've not got some faith in this well could you look you're talking to this is a natural reflection of the person you work with. so we. will see if this extremely manly product works or doesn't work next week in terms of the stocks i think i will see to be good for you well don i know that the russian car industry has taken a bit of a battering in recent years i'm rudi interested to see how that one would do it don't drink and drive though you know that you're there to go to school right now as i do i mean i don't know it's grown to you i had always a pleasure really informative this week and good luck with decals arriving and that's a wrap for this week thank you for watching to see you next week stay tuned to altie for the news updates goodbye.

technology innovation all the developments from around russia we've got the future covered. clean more zero casualties war this is the great fantasy of warmongering politicians. capturing people is messy what do you do if the innocent killing them easy we were serve the right to kill any person anywhere any time. they can do that listen for they can be trained to muslims makes these things certain politicians get

a new kind of power via this technology sad to this very tempting. waters. upon the me because. i saw it spread all over the food you have a new will profit drowns out in the tissue inquiry further more restrictions. really knows what's inside the. i'm abby martin the stories we cover here we're not going to hear any right side of

it story extra that lights and tucker is a reason they don't want a national airport reset we should be completely outraged and let's break the set. in the weekly on rush hour teaser international a look at the top news from ukraine including fierce fighting in the country's east lead into a growing humanitarian crisis and blazing protests in central. square sanctions a skirmish in moscow flights back against the ease punitive measures with a food import battle while ukraine says it could hold russia's energy transit to europe. is a result on gaza a huge wave of public indignation inside and outside the country as protesters urged the governments to stop supporting the killing of palestinians.