information and news in a commercial our international economics and for the end of creating a space for. one particular country in the across the globe and we can talk actually talk about trust right now he's destroying trust and that's why i understand it any. you could work together nation then we're doomed. trust trust trust well one side a few to know and. they're calling to some of the comma another is could win in this called what in fact it is an hour into the used to go by the best extraordinary mean about free trade here in the me go do you think but it depends china is nice i know that every secret you know it does but my body go against our interests which is this it's if we look at the you're asian space would there be achieved in europe and where do they look something which is more leisure to buy today are coming from a long story to seeing. countries and i belong to

an edition in a very good complement temporaries and so lets him keep. the two develops economies and i believe these will be the investor money. because i mean it's interesting you're talking about it. because it sounds very interesting story but when we think of the eurasia space everyone moralists things here this chinese will eat. china does indeed pretend to be leading since the famous speech by sid in pin in divorce with a key feel to the viking left by the superpower on the other side of the atlantic but i would like to quickly come back to your question of trust and bring up one fact as an investor and part of the group of my professional people having our own crystal ball so looking into the future having our models and allies in corporations companies how to preserve wealth and purchasing power for decades

ahead investors do not. feel the same cries is the new display a new gloom if you look at financial markets bond yields are very low equity valuations are very high so investors a happy company investing at record levels banks who are recently where sold off it don't know as. existing profession turning out the center turn on equity wanted in soft assets so financial markets are doing well so i frankly think that a lot of this trust crisis is more of a political. phenomenon where politicians use that record it's addressing that of the mistake using the weapon of sanctions as more than retorts i agree it's very serious and it's a form of warfare but i think people underestimate a lot ok i mean when you think how many countries in the world are under sanctions by the united states it's extraordinary it's extraordinary.

good food putting people together and i'm sure that the exceptional good will come on the field of play. for the feet david mitchell for russia to show that a little bit has a vote. but holds on to. put themselves on the line. they did accept that overture. so when you want to be president which. was something i wanted. to do like. this is like the. story of the good. i'm interested in the.

yes or no to what was the last that you went on the internet no you're not used to each of these village is it safe it is. a sure there is no visitors there they are all going to be sure the baby does a class of his service but. who don't want to believe. he is dead as part of the telescope to begin. to speak previously yes and no they are being false forms in

fla where his food members this is like you feel it's. going to get. to. you i'm peter lavelle i'm host of parties political discussion program cross talk and we have a very interesting panel here to discuss this issue of trust let me go to the period i'm a businessman so i wouldn't even be goodness point of view it's clear there is no business we don't trust forest which is important in these various units it is easy to use those or asian economic resin they can to make you know for us we won't more integration be the european business meant more integrated music why and why i

don't get it but. i will tell you it's very fit seven people sense in russia seven to bows and then sold quite more when it seems origin they could make you can see what the president of the foreign direct investment to work. that's all ten percent american and the rest. of the. investment. not a lot because that's done pretty things that you know of course the russian was originally going to them and we have a program the theme from atlantic to pacific i just want to reset point yeah i want to because on this idea of a parallel world of business and transactions and i think that's a very valid a deer things have become different from the cold war times we don't have a classic called war we have a confrontation between at the top level between the governments and still a lot of conflicts a lot of interaction but of meetings and so on between the societies and there's

a quality you feature and it also applies to business because we have a cold war or an appearance of a color but the business still still don't go there is the issue of sanctions which is extremely important and which actually spoils a big distinction of a parallel world which is independent of politics i've been speaking to quite a few people in the european union and at the very top level and i say are you against sanctions or yes we are very much against sanctions so please say to the council of the of the european union say well maybe the italians do that will support them when i talk to the italians they say well if the spanish do that we will support them i say i come to our sons and i say look but tell it please you i guess the sanctions against russia here that tell you no they are greece you can afford the orthodox you know but that's only vigils that is a group they can't say no and so medical when she decides what to do in order to keep the unity of the european union she said i'm told this levy the lead wonderful

renew the same sions every six months without discussing this issue because it will be yet another issue of discord in the european union but the problem is that you know we are sort of seeing which you keep point and we didn't speak about it. you say that the people are if you speak with the top political liberal guys you are right and if you speak truthfully right here but some people say what they see i mean i'm to them but you know for the business community as a top c.e.o. of the big group what happens if they are subsidiary in united states they are legs this cannot sign nothing because they are blocked and when the not even can go again due to new york or washington united states and their company and system blogs and their legal their legal opinion who does really get opinion our american friends don't want to wait or just easier ms block so we have to stock the extract only eighty of of the law all of us in europe and i and of the counterparty if not

you are blocked that's no way to treat our liason friends friends or again what i'm going to say that i point. to sanctions you need more than one country this is their rules of their of the union. but i want to return back to their planned to the pacific. we have we are all from europe here and does we have to understand that to be to a failed twenty five years ago when we had an opportunity to build a common space but one of the reasons why we failed was because we didn't have a common theme a common goal and now russia and other countries are proposing us a new common goal of building. the eurasia space including japan including to eventually indonesia we are having a new opportunity we have to think differently and maybe if we go in that direction

together we will build the foundation for trust and not the building of course against cheney's because i have been recently to germany i mean we will remember i mean war and some of our june friends i mean let's unite against china our no way i mean let's unite with china. two points to first point is about what you have to say many people in europe have two days of feeling what you bitch ass mentioning said russia is moving east and less committed to your of western european orientations which would be i believe a shift of paradigm yes and it could be a development which still will be and you'll be in new wake of distinction between mr new europe see e.u. and russia and i believe said we must be very careful if we say said we have

a common history state we have common values between russia invest in europe not talking so much about c.e.o. by departments and europe especially i believe said she should be a point which drink us again since a question of trust and of confidence and you know it's for us is especially as coming from her point of view we have so much common links between russia and germany history literature says terrible valar be grateful for what you have time for our unification and whatever so we believe said we would not like to keep this up we would like to be close to russia if a remember klaus a statement on here on the same subject five years ago he would have said oh no russia is a completely european and couldn't even go east for think it is now he already ambivalent about that whether i mean klaus in five years and then we were you'll

say that let's go together. because you are extremely wise yanks remove from far reaching effects to move no one of the future you germans i know saying that will happen and say we know each as an hour since most enjoy indy five years and i and i believe really is. what i wanted to say is said we want we must have in europe together with russia a very clear strategic arrian taisha know where to go and i believe she says even more important after see iran decisions of luck some of. the believe where we have to lurk and where should we should have as well a new basis of confidence and we should we should bring out says doubts which we have actually about a strategy of russia very important whether. europe will pass the test of iran because everybody says let's keep the deal now merican has agreed that european

companies will leave iran mostly and the european union will not compensate around the losses you know if europe is dragged into the u.s. sanctions against iran against its own will then the test will not be passed and if you don't which i think is internal to show if he's acting like they right i would say to my german friend we can ask. friends we went to be sure if you go if you want to go more east and west we do every seeing to push them in the arms of china i knew we are lucky that they are not completely in this in and of china because right on the best four million year agreement with. europe when. the u.n. very ridiculous the u.s. is very easy you know it's the biggest market you the world so for a company is very many around them in the u.s. if there is no when i close everybody grows revenue grows us of course not us as

a but you see of the ways your interests if there are more trade more investment in your own but you've really got more in the u.s. so it's very easy let's go to the front row here. well i think so far you know by hearing this very lively discussion and debate i just want to make the following point. first of all i think there are. china russia economically quite complementary. china has a surplus of capacity in beauty infrastructure maybe well over doing that in china but china is good at doing that. aetiology aside i think china sees that at the precondition for economic development secondly china is taking. protection now extremely seriously again because we have overlooked that for so

many years we are paying the price so russia has a competitive advantage in arm that front. i think central asia is extremely important i don't want to d. and present that but i think central asian hisself won't move the needle when you look at pacific when you look at europe saw economically i do see the rationale for china russia and germany not to form a lines but to create more synergy economically this is the chinese leaders perspective precisely because these two french gentleman have been arguing against each other china chinese leaders nothing they only take germany seriously europe hate to see this. germany has a strong interest very strong in the west say to gain you to drag you through history you do a lot of. set we should come back to

a leadership role in europe. russia back in a western orientation we have no interest at all said russia is moving east this is not in our interest but you has it's not have not shows that yes you have to choose . we had to make absolute matters o.c.d. like nation ukraine that life is not black and white i believe we'll i think there's a man in the white house yes well yes but for. charlie but i believe said we have to make sure said we are doing a lot of efforts as europeans is specially scenes sees united states irrelevant said we are doing everything to bring suspensions down and show you know is my opinion about it because to arizona i think the litmus test is going to be your energy policy vs you know what europe's energy is how she's been made in washington

d.c. right now yes and they have. to make that relish as well since it's not black and white you will see said we will find a solution for. not straight to into next couple of weeks i didn't know it sets american serial here guys you hear and knowing say it's americans will not lie gate and say it's a field so they look for us or ways and means to bring make between see tonight it states and many and you so i believe c.c.c. is what we have to be aware of but i'm sure said we have as well as germans who are very strong the looking to see united states said we see that say something changing if it comes to see over all let me say excellent relationship which we always had between germany europe and the united states iran is a critical point yeah a very critical point and you said the united states would take the addition decision against not without but against

a european very clear orientation will be sweet somehow fascinates fossey view fulcher all right we've run out of time i hope you've enjoyed our panel here from the atlantic to the pacific creating a space for trust here at the st petersburg international economic forum thank you for being.

not. at full see clearly all your. kids.

going on in kim's illness does she don't consume don't tell you that means i can do it on joking dealing with this thing i'm done forcing in that equal distance as my son moved away from the stance me going on in condolence to his hold on me then suddenly i'm doing all that to those all putting him as a son is a downside acid all the sitting on. the g. seven summit sees a major rift to open between the u.s.

and the rest of the pack with donald trump of attracting his support for the joint statement that the meeting ends in disarray. growing tensions with washington. those faced and. the other fights the main architects and to the u.s. maybe the american president doesn't mind being isolated today but we also don't mind being six if need be. and in the stories that shaped the week the pentagon admits that the civilian death toll in syria may never be known after being accused of possible war crimes there. plus a world cup fan festival gets underway in moscow with four days left until football's biggest event kicks off in russia.