the ruble is about six percent weaker than you predicted back then so what is going wrong with the forecasts. well the first of course the thing that is impacting the russian currency next year all come when you see equanimous across the globe is the fact that the oil prices declined substantially minerva talking with you in september as far as i remember the oil price was i don't. know it's if you look at the bread price it's fifty five so it's you know dramatic change here and we have that in the same period of time soon september robel has appreciated at that point of time when we were talking to you we see you in the rubble was trading against you is the as far as i remember it was above seventy rubles put it part of the now we have sixty six sixty seven we go. it is a bit of volatility here a little bit of what you there but once again you spite sharp decline in oil prices

chris appreciate that so it's still there are no reasons to change the forecasts well once again we have created. a broad set of market economy institutes bet working led to the true work and this is the key reason behind the long term stability of the national currency and this is the big difference competing with what we have prior to twenty four. i understand that you don't like talking about these kind of things perhaps as officials and people who are in charge of the economy but my first question was psychological so to say so i just wanted to ask you a few at some point realize that the ruble is in real trouble will you ever come out and say stay away from it to the journalists and the public will you dare to do

that i believe was printing too much time discussing the issue of the currency it's not that important anymore what we should do. talk more about it's actually the structural changes which are shaping the real economy industries which are doing better the industries which are doing hold the services sector how the digitalisation process going on this is what really important in the you know the future the financial markets we should you know switch from the. talks about what's happening. in the current situation that of the longer term situation towards the fed to us which a key for the kind of the we will definitely move on to that but can you please answer that question specifically will you be able to do that well first of all where we have the central bank was in church or the effects market and the central bank has highlighted that we have switched to do for you for watching them and as far as i know they do not plan to change anything the u.s.

china trade war has and hasn't begun at the same time as we found out after the meeting of president trump and mr xi jinping in point of it's so how likely is it that at some point we'll realize that the drums of the trade war were fake possibly or the current leaders of these two countries are just good negotiators well they're not fake because if you look at the deal figures you will see a substantial lead sheets year in the void himself exports from the united states to train or from the united states if you look at the dynamics of the chinese economy you will see that there is and the impact of that story on the chain and that means that there is a big impact on the global economy which is doing much worse the competing was and what it was performing in the winter seventeen or even the beginning of this year so we definitely see real results real negative results for

what was initially just dogs but as leaders in. it's collated trade barriers and that we can already visible negative impact on gross and on trade but these ninety days is this just a delay or it's an actual achievement well as of now it's actually it's achievement because. now two sides are at the table and they discussing the police and the between the two countries but. i believe that the overall negative impact will be present because starting. well it is like these it dissolves. you know raising unpredictability of what will be happening in the future because in one thousand b.c. you know that we're talking about the largest economy is global and you hear

a lot of. supply chains that connects those two companies have a lot of from the west means that i meet with them those that got us and we're talking about just ninety days and it's not clear what will be happening after those ninety days so of course it would be a dramatic impact on the predictability with the economic agents for the companies which are working in most of the equipment so that is you know in which we live and this is the reality here. which is already negative impact on the global economic situation so the world's two strongest economies have shown the importance of compromise can russia do a better job when it comes to compromises during trade and economic and still well if you look at the actual statistics. you will see that the russian exports trade turnover to know or. goods trades and sort of all is expanding in the

past couple of heroes so that means that we're doing pretty good. and we have plans in deepening integration of russia into the global economy deepening treat investment. overall economic relations with a lot of commerce that close the call and you have many politicians across the globe who are against this as far as i understand because new sanctions are looming and the old saying actions are being extended you know we look. forward and then relations with europe for example you will find you know you can look at the political state there's a lot of talks a lot of buzz sanctions but if you look at the figures you will find out that in the past two years they've treated over between russia and europe was growing double digit twenty three percent last year twenty one percent is what we're

witnessing this year the. flows between because this is all sort of running the board you should. if you look at the investment you will find out that russia was european car that is are involved in a number of large skeel medium scale small scale but if you look at the large scale you play in the atomic uclear plants construction in hungary in finland you will see in those three mm projects going on you will see. growing competition at the border between the russian and the european union you will see of course cooperation and support from russia in the current plan of increasing the it all. which was recently introduced by the euro commission so we have put a lot of areas in economic positions where we care for really put its results let's

wait. some time and go where it started to talk about the in the economic relief and so we see that we can between the. russia and the european union so what we need to do going forward we need to concentrate on the me we have. those projects we. put it you will russia and they repeatedly you know that is most of the projects. in create in the vast months in you know kind of logical cooperation in a lot of cases and of course we should put a list of tension to just the noise and bustle of the political. but if you go a little with some of the small countries which are most important for the quantum of the whole european union are. the initiating the noise and we should be less attention to that and more attention to the real you've got them approach and while i think there is also some noise coming from the bigger

countries too and the political figures there they're making important decisions come across these words of yours rene saw in russia. are you sure we are there and renascence is the right word for you know that in the past couple of pics i was in portugal i was in france but was having. the cheering him to go on full commission between russia and those two continents and there was only discussion of joint projects that can do together so i don't know what kind of contest you mentioned when you're asking that question well i'm talking about the statements from senior political figures which one. the major powerhouses of europe and their leaders like ms merkel like mr macron i know the u.k.'s leaving the but i was there i was talking about continued pressure i was in russia i was in

france last week and when we together. but it's only a matter whose. the head of the ministry of finance and of course the new france were giving the statement to the press after the meeting he was wishing publicly that france will support such a joint project. particular reporter because the beacon of all but died in the first project hume on the injury that the government will provide additional guarantees support for those projects and so on so forth doesn't send a strong enough message to the people at the very top. i don't know i don't know but once again we are concentrating on the real economic projects that unite and the device companies and those projects. boy you see if war people of russia people a few were up and the number of projects which we can go even in the coming years

is tremendous so my view can you please name a couple or a few to go into the details if you pick any country portugal spain france germany italy all of the major equipment is important or they would be new and you will see that there is growing relations between russia and those businesses from those con that is rushing with these innovating in those countries and those countries and everything in the russia where trade more girls and treat is double digit so i believe that from this point of view should concentrate on the economic agenda and this is the most important thing as ordinary europeans and there are many of those among our viewers can you name some specific things that they could be happy about or could be looking forward to when it comes to russia's involvement and what do you want to give them what exactly we have many viewers in europe and you are saying that europe needs to be happy about some of the business that you

are door and or looking forward to taking with them just plain numbers the exports from the european companies to russia have increased more than so it's eight percent. during the past couple of years what does this mean it means that a lot of new jobs were created in different industries in europe of course it's not a negative culture because the sanction story and the section story place but there is a number of industries which benefit from increasing. sales of those moves which are producing those companies to russia so this is the jumps this is the wages this is . what is really important for people in all the european countries to behave. the.

same wrong. answer. and in. the trail. find themselves worlds apart. she still look for common ground. i had a great education a good job and a family that loved me. i never had to worry about how i would eat somewhere i would speak. i'm facing christmas alone on the streets of london. well you.

know you know the single is still giving food for the so. that you don't really feel like that. and then. the guy just came over to me saw me in gave me this book. some of russia's closer partners love talking about the idea of trying to somehow move away from international trade in u.s. dollars and also they're talking about ways to dodge american sanctions but i want

to stay with the europe a bit more what do you think about their success and the progress in creating what they once announced as a special payment system to bypass american sanctions when it comes to trade with iran well what you just have mentioned it's not what russia is talking about it's what europe was talking about europe was talking about the. process shifting towards more. more important you are in the global economy europe is looking about how to avoid u.s. sanctions which impact european businesses so it's not the dogs that are emerging in russia it's talks and a real assessment of the current situation from europe and we of course really radii to work and we work on different projects with all european partners because we believe that the u.s.

sanctions is not the boat put it it's about equipment it's about hurting economic. and businesses economies and businesses in europe it's by would creating in the vitamin reach us companies we can be against european companies so that there's a boy europe is starting to understand that this is what is really hurting you've got them in development of europe and it's starting to working against it and of course we believe that this is a positive story also for russia and we need it to work with our european partners but isn't an assessment of their progress a good example of whether there's potential in that kind of switching to other currencies and attempts to ditch the dollar so to say well there is a positive plant already if you look at the statistics you will find that the principle for russia the share of the dollar in the trade is declining we see

progress with different countries with our neighbors we store a key was euro everywhere we see a declining dollar in terms of currency that sort of the trade. of course there are big issues like for example come what is the markets changing situation here and changing the trading from those into your us will you know substantially decrease the shale dollars i believe that is one of the areas where we should work together because you know. russia is not a the look on. europe is not. based on theories but. somebody on the web creating an injury sources indoors so i believe that we should think about switching at least two euro and go to see which is more common russians and or the europeans mr ashton your government body is called the ministry of economic development what or who is the greatest enemy of the economic development in

russia inside the country and outside the country well. if you look once again on the you know just on the statistics you'll find that the do you more would have here is one of the key challenges because of the those transferred to a form to ninety's of the previous century and the heating of the one they mean and we have limited. supply of new labor coming into market so. solving the world's. interest will of course will be just talk harp and it will be a long lasting you know effect the fall of a new meter that is implemented in this area so this is one of the factors which is substantially missing the good old story the second story is of course all the factors that are limiting investment that teach you all of the barriers that administrative barriers that we hear all the when the police station in different

markets. a little of can be so in support of a lot of stories relation which is not for supporting us in some way in the street in this material so all of those things are limiting and that's meant that. once again limited government grows so on solving those issues so we are concentrating these days and outside. promoed say it i believe that. trade wars as they are impacting the global economy development is of course another good story not only for russia but a new. economy even for the united states this is will be eventually having negative feedback on the economy through high inflation through high pressure will freights a federal reserve which will be forced to react to such and such a trend in the in the inflation then they mix so the. over the global

trading system is one of the key and they get you from bets on the global agenda and the second one is of course ongoing the slowdown. of the global economy duty fundamental reasons i mean and of girls in the united states and the europe structural slowdown. in china and blow all blow up of the unsustainable growth models in countries like argentina and turkey. mr rushton how has your ministry coped with the task of becoming the ministry of the future this is the definition that we heard from you once well it's pretty simple we need to make decisions now which will impact the future of the country so when you propose ideas and you know music that will be having a long lasting impact so we're in now what if you're the. business we're

looking at what will be happening within two years three years five years from now what about the idea of russia's national export strategy on the website of your ministry it's been saying since twenty thirty that this strategy is being redeveloped will then use once again this thirty six you will find out that in the past five years the russia is expanding the number of creators way it's becoming completely different the global scale for example of a coach explodes and we can both twenty billion potato chips pretty year it's the record levels exports of services which you saw increasing substantially in. your will and so on so forth so. the actual result in the in the data which is which shows that involvement of the global economy is increasing we've williams opec's points i would guess is expanding so agriculture you know industrial

production services you know all of those heroes we came up with if you can that acts by looking at your own trips can we make any judgments of geographical priorities in washington economy you've just come back from japan for example well i mean personally i mean church better can share all their relations with a number of countries japan is one of them i'm a special representative for the president with the trade really. it was japan we together with i would you please collects doing my belief a pretty good job in terms of having economic relations between russia and japan that was the plan that was introduced by prime minister sixteen there was a directions we started to work. under that plan and we have. ongoing progress here like i said if you look at the data trade to know where for example with japan

they have increased by almost twenty percent this year completing was post here for a new investments. has just entered through the japanese financial markets so once again we had deepening integration and. it was the whole global economy of course with each but you can look around you and with each country we can find those projects we choose beneficial for russia and for that company any other destinations that you can update us on you just name it and they will tell you what's what's happening there we strain. to exceed one hundred ten ten being in the year in the joint to know or. from which you know there was a team that went to france and usually had them to tokyo so there were two discussions on monday and tuesday and like i mentioned we have a already pushed of discussion on those investments which french companies are making in the russian boats and then just such

a large projects as article injury or you know a cost of fighting that we had a brilliant breakfast once again with my counterparts but in only a matter and i believe that there was that on. really a large french company and the c.e.o. represented at the level of what is causing the opportunities not only in this additional areas such as climate change and energy fusion as you said innovations in the new. this year has been a complete disaster for cryptocurrency mr rushton please say ten if you completely agree with that assessment or widen if you totally disagree numbers between one and ten are welcome to at the end of the last year there was a lot of talks about the cryptic i see is the good going as far as i remember was a teaching of the levels of twenty thousand people on their own quinn. at that

point of time me personally i was collecting them this is the bubble it will explode and to close the deal probably most that a large number for you many people were involved in that in the bubble and they suffered from me so what we see as a now with that. bubble you see piers you know the price collapsed several times but what is good that that story has affected a lot of attention to new technologies have allowed what a lot of companies to attract investment in those new technologies and eventually will we see you know from that effect will we see a plea for impact in terms of new technology for different types. of activities for example this year we have introduced book changing military to you know real estate deals in one of the russian regions so we've implemented that the projects and it works pretty well so once again at tension that was attracted by the bubble like

for example there's a bubble that we witnessed in the late ninety's to the communications you know at that point of time it was a bubble it attracted a lot of attention and a lot of investments and now you know if you believe we surely using the results of that investment that happened at that point up there so this is the same story it's of course has a negative impact especially if we look at the situation of the particular. you know. persons which are up in the west that. until the info that bob or thirty fails or that them a couple points for impact from bringing more attention to a new technology and bringing more investments and you can all dream that nations so you won't give me a number from one to ten. and finally do you have a new year's wish and do you have anything to promise the russians ahead of this new year will promise from i say that we will be working as hard as they are

working for the past couple of years trying to do my best to make the life wealth or that it russians better and i hope that the global situation will be helping and that you know the real problem which is what we are facing in the body takes in the when these globally is that believe in the buzz of the kids have increased substantially politicisation within this is say he's between the base and i hope that that politicization tramp will reverse and the gravity is that improving thinks and you know moving towards the future for the humane and that wish for yourself. only luck thank you very much mr ashton we really appreciate your time thank you.

i've been saying numbers. matter. one trillion dollars and. more than ten point. five percent of global. markets thirty percent. one hundred five hundred three. point rose to twenty thousand. china's building two point one. billion dollar ai industrial park but don't let the numbers overwhelm. the only number you need to remember is one one just shows you can't afford to miss the one and only food but. my son doing drugs my nephews was still in drugs my sister just with doing drugs it was like an epidemic of drug abuse america's public enemy number one in the united

states is drug abuse he started going after the users in the prison population sewer we started treating sick people people who are addicted to these drugs like criminals while i was on the hill i increasingly became convinced that the war on drugs was a mistake there are countless numbers of people who are in prison for inconceivable certain sins for minor minor offenders in the drug trade it's a lot watching your children grow up and miss you in waves and say by day as you're walking out of a business it's just it doesn't get easy. shots seemed wrong why don't we all just don't all. i mean you get to shape out these days become educated and engagement equals betrayal.

when somebody find themselves worlds apart when she's to look for common ground. the united states. president. has failed to defeat. as well as. propagation of numerous. stories for years. he had been collecting on people featured in his article. being.