women were talking with you in september as far as i remember the oil price was at all and there was per bottle no it's if you look at the bread price it's fifty five so it's you know dramatic change here and what we hear of that in the same period of time since september ruble has appreciated that point of time when we were talking to you we see you in the global 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 do 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 guard and this is the big difference

completing was 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 do more talk more about it's actually the structural changes which are happening in 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 for what's happening. in the constitution doesn't the longer term situation towards the fact that a switch 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's in charge of the fix market and that 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 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 point of this 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 you in the void himself exports from the united states to train a 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 it's leaders into its collated tariffs trade barriers and that we can foresee the 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 situation between the two countries but. i believe that the overall negative impact will be present because starting that thing well it's like this 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 look at this a lot from the lessons that i meet with him those who got this 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 equipment so that you know in which we live and this is the deal it's 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 no or. 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 across the globe 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 you know 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 tourist flows between the countries is also running double digit. 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 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 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 operations where we care for really what you see presents its way. some time ago 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 concentrate on those projects which are important to you both for russia and for the repeal of the union

that is most of the projects. in crete in advance months in joint working technological and a lot of us and of course. we list at 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 you've got them and projects well 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. ne sonce 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.

chipping in 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 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 even to a man who was the head of the ministry of finance and equipment. giving the statement to the press after the meeting he was wishing publicly that france will support such a joint projects. particular and reports that because of the beacon of all but died

in the first project he my little engine 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 the countries and those projects. you see if war people of russia people if you were up and the number of projects which we can go even in the coming years is tremendous so my view again please name a couple. i would love to go into the details if you pick any country portugal spain france. all of the major equipment is important with a ribbon you will see that there is growing relations between russia and those businesses from those con that is in these investing in those countries and those

companies and everything in the russia where trade more girls and treat is that would you should so i believe that's 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 go with them just plain numbers the exports from the european companies to russia have increased more than. during the past couple of years. it means that new jobs were created in different industries.

of course it's not to make a culture because the story. place but there is a number of industries which benefits from increasing. sales of those books which are producing those companies. so this is the jobs this is the wages this is. what is really important for people all the time that has to be. put themselves on the line to get accepted or rejected. so when you want to be president and she. wanted. to write for us this is what before three of the more people. interested always in the waters and.

stacy let's learn. let's say i'm not so i get. the fight. thank you for. the story that's true. lavery. very many people will true. to be biologically through a big move your body isn't working for 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 chronologically old 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 payments 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 and more imports and you were in the global economy europe was talking about how to avoid u.s. sanctions which impact european businesses so it's not that there was that emerging in russia it's talks and assessment of the kind of situation from europe and. of course we're really ready to work and work on different projects was all european botanists because we believe that the u.s. sanctions is not the boat put it takes it's about equipment it's about economic. and business is economies and business in europe it's. creating in the vitamin reach us companies we could be against. european companies so that this boy europe is starting to understand that this is what is really hurting we'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 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 trend 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 neighbor as we sturrock he 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 come what is the markets changing situation here and changing the trading from those into euros will you know substantially decrease the shale the 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 you know dollar based companies but for somebody in the web trading and injury sources indoors so i believe that we should think about switching at least two euro and the car to see which is more common russians and 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 look once again on you know just from the statistics you'll find that with a do more with a few 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 queer me and we

have limited. supply of new labor coming into market so. solving the world's. 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 growth story the second story is of course all the factors that are limiting investment that teach you all the barriers that administrative barriers that we hear all the winner because even in different markets. a little of computer 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 of those things are limiting investment activity and does once again limited government girls so on solving those issues so we are concentrating these days and outside. promoed say it i believe

that. trade wars. impacting the global economy development is of course another good story not only for russia but a new i would say a new calling me even for the united states this is will be eventually having negative feedback on the economy through high inflation through high pressure it will freights a federal reserve which will be forced to react to such and such a trend in the inflation and 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 on growing the slowdown. of the global economy due to the fundamental reasons i mean and what it covered 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. 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 me that will be having a long lasting impact so we're in now what ever 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. well the news once again this thirty six year will find out that in the past five years the russia is expanding number of creators wades becoming

completely define the global scale for example a coach explodes and we can both twenty billion political chips pretty pretty year if the record labels exports of services which you saw increasing substantially and . your will and so on so forth so. the actual result in the in the data which is which shows that involvement of russia in the global economy is increasing we've williams opec's points i would say though and 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. that it can share all their relations with a number of countries japan is one of them i'm

a special representative of the president with the trade relations with japan we together with i would have been he's collects doing i believe 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've 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 closed here for a new investments. has just answered with 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 on thirty and then with each country we can find those portraits we choose beneficial of those poor. people that come to any other destinations that

you can update us on you just name it and i will tell you what's what's happening there we strain. to exceed one hundred and ten billion though we use the in the joint to know where it was 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 and then just such a large projects as. the injury or you know a cost of fighting this because they breed in breakfast once again with my counterparts but in only a matter and i believe that there was around ten really a large french company and the c.e.o. the president the c.e.o. level really is causing the opportunities so to me in this additional areas such as

climate change and the g. fusion see some innovations in the u s. 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 the cryptic around the c. is the good going as far as i remember was that each in 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 did the problem was that alleged now before you many people were involved in that in the bubble and they suffered from it so what we see as a now with that. bubble. you said piers you know the price collapsed several times but what is good that that story has attracted 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 police chief impact in terms of new technologies for different types. of activities for example this year we have introduced book change acknowledge here too you know real estate deals in one of the russian regions so we've implemented that the project 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 in our everyday life 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 the into that bubble or to a high levels or that they might have a positive impact from bringing more attention to a new technology and bringing more investments than 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 and will be trying to do my best to make the life of well united russians better and i hope that the global situation will be helping and is that you know the real problem which is what we are facing in the politics in the quote. these globally is that belief is ation the buzz of the kids have increased substantially politically from within this is say here is between

the base and i hope that that politicization tramp will reverse and agree that it's there to improve and fix and you know moving towards a better future for the humans and the wish for yourself. on your luck thank you very much mr ashton we really appreciate your time thank you.

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