he has to defend the ruble surely what in the deal if you could france the ruble is the system of market economic incentives that were. created in russia in the past several years. we are collecting of them every day it's the inflation targeting is the new fiscal rule it's a new mechanism which is only it's rational from the blitz you could see it on the global commodity markets and this is what's in the deal if you protects the russian currency makes it more stable because if you compare the cut institutionalization of twenty which you we have as in that put it at that point of time we have polls because of the sanctions stocks we have sharp decline in oil prices it's even the fuss that it was happening in the autumn with the tweens you put you in but the difference is really dramatic at that point of them it was extremely well to

financial markets which were impacting the mystic when they meet these time by the fed that we have for you floating exchange rate because of previous feeble currency we have previously able financial markets which are not on the big stress and that helps economy going forward and they're leaving a stable economy because i would just like to explain really quickly to our viewers that i was lucky to have a conversation with the minister in september and i was into the only journalist by far who was asking mr rushton about the russian currency but today the ruble is about six percent weaker then 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 what did sequence across the globe was the fact that the oil prices. declined substantially military can with you in september as

far as i remember the oil price was you know and those put a bottle of no it's if you look at the bread price it's fifty five so it's you know the dramatic change here and what we hear of 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 the u.s. the as far as i remember it was above seventy rubles but it but it will now we have sixty six sixty seven with a. little bit of volatility here a little bit of what you feel there but once again you spite sharp decline in oil prices ruble chris appreciate that so still there are no reasons to change the forecasts well once again we have created. broad set of market economics institutes that are working late to the should work and this is the kiddies i'm

behind a longer term stability year of the national congress and this is the big difference competing with what we have prior to doing. 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 talk more about it's actually the structural changes which are helping the real economy industries which are doing better the industries which are doing how 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 for what's happening. in the current situation that of the longer term situation towards the fed to us which a key for 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 who is in church or the effects market and the central bank has highlighted that we have switched to do for you for wishing and change them and as far as i know they did not plan to change in 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 buenos audits 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 ims of exports from the united states to train or from the united states if you look at the then the mix 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 computing is what it was performing in doing just seventeen or even the beginning of this year so we definitely see. results real negative results for what was usually just dogs but as leaders into its collated tariffs trade barriers and that we can foresee the visible negative impact on good also in the 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 relations between the two countries but. i believe that the overall negative impact will be present because starting that thing well it's like these it dissolves. you know raising unpredictability of what will be happening in the future because you know that we're talking about the largest take with them it's global and you hear a lot of. supply chains that come that's the look at this a lot from the vestments that i meet with him that was took up and we're talking about just. and it's not clear what will be happening after those ninety days so of course it would be having a dramatic impact on the predictability with the economic agents for the companies

which are working in both of the corners so that you know in which we live and this is the deal it's here. which is already a 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 these well if you look at the actual statistics. you will see that the russian exports trade turnover to know or trade in goods trades in sort of us all is expanding in the past couple of heroes so that means that we're doing pretty good job and we have plans in dipping integration of russia into the global economy deepening. treat investment. overall economic relations with

a lot of conflicts 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 they're being extended. each we look on the situation before we can then make 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 and cetera 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 that would you should. if you look at the investment you will find out that russia was european car that is involved in a number of large skeel medium scale small scale but if you look at the large scale

you find the atomic uclear plants construction in hungary in finland you we 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 plan of increasing the it all. which was recently introduced by the your commission so we have put a lot of areas in economic operations where we care for really what you see presents let's wait. some time and go where it started to talk about the in the economic really. between the russia and the european union so what we need to do going forward we need to concentrate on the me we have concentrate on those projects which are important to you both for russia and for the repeal and

you know there is a lot of projects. in crete in the vase months in joint working technological and a lot of this and of course. we listened tension to just the noise and bustle of the political. political level where some of the small countries which are not important for the economy of the whole european union are actually the initiating the noise and we should be less attention to that voice and more attention to the real government projects while i think there is also some noise coming from the bigger countries too and the political figures there are making important decisions come across these words of yours or. nay stalins 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 in the go until commission between russia and those two continents and there was only positive discussion of joint projects it can do together so i don't know what kind of contest you mentioned when you are 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 only met who was 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 projects as. particular and reports that because of the beacon of all but died in the first project the malo injury that the government of france 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 divide countries and those projects. you see if war people of russia people a few are 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 i would love to go into the details if you pick any country portugal spain france. show me all the major equipment which is important whether it be new and you will see that there is growing relations between russia and those businesses

from those con that is rushing these innovating in those countries and those companies 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 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 percent. during the past couple of years what does that mean it means that a lot of new drops were created in different industries in europe of course it's

not a negative culture because dissensions story and colorful sections thought it would remain in place but there is a number of industries which benefit from increasing. sales of those goods which are produced in those companies to russian so this is the jumps this is the wages this is actually what is really important for people in all the european companies to be him.

i certainly don't expect that very many people will choose to be biologically will . move your body to working for them if your mind isn't working for. i believe that we will have pretty much no biologically old people we will have a much greater number of people. 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 what you just have mentioned it's not what the pressure is talking about. what europe was talking about europe was talking about the. process shifting towards more and 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 of course we're 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 it's about equipment it's about hurting economic. and businesses economies and businesses in europe it's about creating in the vitamin rich 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'll 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 you will everywhere we see a declining dollar in terms of currency that sort of the trade. of course there are big issues like for example commodity markets changing situation here and changing the trading from the listen to euros will you know. substantially decrease the shell the dollars i believe that is one of the areas where we should work together because you know russia is not of the look on. europe is not. based on theories but for somebody on the web trading and injury sources indoors so i believe that we should think about switching at least two euro and out and see which is more common russians and all 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 will. if you will once again on you know just on the statistics you'll find that with a do more with a few is one of the key challenges because of the those transfer to a form to ninety s of the previous century and the heating of the one they mean and we have a limited. supply of new labor coming into market so. sawing the walls here interest will of course will be first of all harp and it will be a long lasting 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 globe story the second story is of course all the factors that are limiting investment that all the barriers that administrative barriers

that we hear all the. different markets. a little of completion and so on supports a lot of stories regulation which is not for supporting us in some way in the street investment activity and so all those things are limiting investment activity and thus once again limited government grows so on solving those issues so we are concentrating these days and outside come out 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 impact on the economy through high inflation through higher pressure that will freights a federal reserve which will be forced to react to such as such

a trend in the in the inflation then they mix so these to believe over the global trading system is one of the key and they get it from bets on the global agenda and the second one is of course on growing the slowdown. of the global economy do you think 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 the seasons now which will impact the future of the country so when you propose ideas and you know 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 and what about the idea of russia's national export strategy on the website of your ministry it's been saying since the twenty third thing that this strategy is being redeveloped will use once again this thirty six you will find out that in the past five years the russia is expanding number of creators way it's becoming completely define the global scale for example of a coach exports and we can both twenty billion potato chips pretty year it's the latest levels export of services which you sold increasing substantially and. you 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 of what it was opec sports i would guess is expanding so agriculture you know industrial

production services you know all of those areas would have applied to the next 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 clean 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. with japan we together with i would you please collects doing my belief a pretty good drop in terms of being 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 a deepening integration and. it was the whole global economy of course we see each but you can look around you and with each country we can find those projects which use beneficial for russia and for that country 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 the 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 russia and then just such a large projects as article injury or you know across the fighting that we had a brilliant breakfast once again with my counterparts but in only a matter and i believe that there was around ten really large french companies and the c.e.o. represented at the level in the u.s. because in 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 rush 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 or in this years the 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 the person i was collecting that this is the bubble it will explode and because they didn't problem was 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 is that. the bubble 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 books changing military to you know real estate deals in one of the russian region 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 we surely using the results of that investment boom 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. into that into that bubble with the lady well it was either that them a couple from back from bringing more attention to a new technology and bringing more this was the new technology innovations 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 of well unit russians better and they hope that the global situation will be helping and is that you know the real problem which is what we are facing in the body thinks in the cool in these these globally is that believe in the buzz of the kids have increased substantially abilities each from within this is sadie's between the base and i hope that that politicization trample the words and the great that is there to improve and thinks and you know moving towards the future for the humane and the wish for yourself. only look thank you very much mr ashton we really appreciate your time thank you.

had a great education a good job and a family that loved me. to worry about how i would eat and where i would sleep. i'm facing christmas alone on the streets of london. you know still give up for the hope. that you don't really feel like you know. and then. the guy just came over to me saw me and gave me this book.

scottish politician tools for the assets of journalists working for a sporting news agency to be seized branding the organization a kremlin stooge. comes after sputnik publish leaked documents suggesting the u.k. is funding a think tank that aims to foster until russia sentiment across europe will be taken a look at the think tanks alleged methods. plus the outcry of one of germany's most acclaimed journalists exposed for having fake stories for years the deepens as it's alleged that he stole donations collected on behalf of people featured in his articles.