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 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 me there 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 of a going to hit back and she didn't hit back. on the part of these murderers you. are not going to hit back. just trying to. they're on the other cultures circuit or i am. on economy in. the. long term goal and to keep the european union the law is gone cold.

all the contras who provided i got a cultural. products for a russian market so presumably i like say the bus and farmer is going to be the biggest winner in all of this i think though this year will be much more profitable for auction farmers. last year or. maybe it will be the best year for them for all models from all years the. beginning of ninety's ok but what about our european partners and the athletes kodesh fama for example somebody in the baltics what do they do now where do 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 of european farmers who. will have a lot of problems. i think they are going to curve on

a real crisis in awe. in the pharmacy or in aga culture sector over the on the minute. they are going to. sell the their products in the mass the markets. those markets so wide there are alike on russian one for the average consumer what does it mean kuwait spec's loads of queues in the supermarket the people to rush out and store up 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 afraid of a prize growing. government for almost a prize will not draw a lot of this sunshine. they will fold fries as for.

for those. on both sides. thank you ever so much. getting what for us on the streets of moscow braving the elements that russia is believed to be considering the ban for european flights crossing its airspace to asia now the route the european flights currently take is saves four to 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 thin air and american airlines 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 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 holidaymakers now moving on russia and iran agreed on historic twenty billion dollar deal this week to bypass western sanctions the deal not yet completely sealed would mean iran could avoid western sanctions which are aimed tailing the country's nuclear program. iran trade is already worth five billion dollars

a year so to discuss the implications of such a policy nice to have you 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 will says there's plenty of oil hey why would they want a ronny an 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 day that's a 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 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 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 yet so over trade in the here and the us dollar just be independent from the us 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 in gaza we're going to iran and even agricultural goods as russian

green would find the markets in the wrong as well and let's not forget that worse than businesses are waiting for a call the farmers say from their politicians here because they want to throw it so much with iran. 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 worked through 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 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 losses 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 lowest rate of customer outflows in three years the company's shares are still down thirty seven percent load since the beginning of this year and also want to do two week performance in russia still to come. his biggest market. i can now

it is big. let's join team cabaye what are you up to the same as being last week all year high katie will. always be 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. makes me question did you have too much beer 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 weiss and i have been trying to cut back a little bit on the beer maybe the audience has noticed he swore slightly slender physique but who saw him told them and i carry on

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 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 criticize you all you just sort of are making money off of was 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 decatur to be honest if i had one wish i would love to be in charge of that company because they've all the potential but they just never really realized yet i think a lot of encouragement i reckon you're the man to do if anyone's going to do it so we've had lots of not only products stocks to deal with it i mean we have today it was because well i reckon i even got some faith in this new look you're talking to this is a natural. action 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 a good for you well don i know that the russian car industry has taken a bit of a battering recent years i'm moody interested to see how that one will do it's 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 screw up that do you i k k are always surprised 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.

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full picture of today's lives based on demand from around the globe. local. t.v. . in the weekly here on r.t. international a look at the top news from ukraine including fierce fighting in the country's east leading to a growing humanitarian crisis and blazing protest in central kiev. plus sanctions skirmish moscow fights back against the e.u. punitive measures with a food import ban or ukraine says it could hold russia's energy transit to europe. israel and the palestinians agree to another seventy two hour cease fire after talks in egypt follows a week of violence that has continued to take lives in gaza. and u.s. fighter jets make a comeback to iraq for three rounds.