after an engagement, it was the trail. when so many find themselves will depart, we choose to look for common ground. ah, on the path, the multi polar world, bloody macpherson is expected to share his global vision with international dignitaries, the eastern economic form that's coming up very shortly but yet corresponds to keep selling all civilian areas chasing down those responsible correspondents on the scene gets a little too close to the action yet another explosion. we're still meeting in the basement of this residential building. still waiting for a chance to leave

a avoiding the point. russia says that the i e, a mission to the nuclear plants shied away from naming who's responsible for selling it and china blast the u. s. over a failed attempt to hi, it's leading university monday, washington of this long history of online with you're watching t international broadcasting to live from moscow. my name is peter scott, i'm ready joining us from welcome to the program. president putin is to participate in a special panel the economic form in russia's far east. he and his colleagues heads off states on top ranked officials. we'll discuss the challenges we face on the past, a multi polar world. and while we're waiting for the panel to begin,

let's quickly wrap up with what was said and done at the forum over the last couple of days. that includes a deal struck between brushes, just from and chinese national petroleum corporation. we see both countries switch just payments to the national currencies instead of the us dollar. the head of the russian energy companies said that the move will simplify transactions. unset a new precedent. the new payment mechanism is a mutually beneficial, modern, secure, and practical decision. i believe that it will simplify the process of payment implementation become an excellent example for other companies and given additional impetus to the development of our economies. we just heard the statement from, i guess, from executive, trusting the practicality of this move. so i think that's essentially what it comes down to making the transactions easier. it's not a political move, it's not an account that you're still are per say. it's rather

a move to our shield russian and chinese companies from the potential effects of the american sanctions. ensuring that russian companies can deal with partners around the world is one of the major priorities of the russian government at this point of time. as long as trying to reshuffle and reform by production change around the world, russia has been trying to divert some of its supplies away from western europe when they are no longer welcomed towards eastern markets. and it's been a fairly successful. i have to say because much of the oil and gas, the europeans, i'm no longer interested in receiving. i'm now going is towards and russia is receiving a lot of revenues from that is it's part of the shift to the multi polar world. this sort of shift in power unto trade from may be away from the head, germany in washington to a more so diverse,

balanced trade and international trade. absolutely feel it either. and i want to stress that russian flag this concept of multiple oriented they've been talking about a for at least them here. but again, it's not some abstract idea. logical ideas simply the way they approach international relations, both economically relations and political relations. they don't believe that they should. there's some sort of judgement ethical judgement on how any particular country should develop on whether or not that should adopt russian or chinese developmental strategy. there is a clear understanding that each nation has its own unique path. it has its own unique saddle sensibilities. advantage is difficulties and it developed and its own historic paste. obviously, if you read much in the western media and politicians, they why they believed initially the sanctions would crush the russian economy. that was after the starts of the war and ukraine,

but you fast forward to today and depending where you look some assigned to doubt that that's the case. do you ever see ties been restored with the west as they were before or have those bridges been burnt? many people have difficulties understanding the rationale of western decisions, especially european decisions, because the reliance on trade with russia wasn't just a favor that the europeans were doing to, to russia, the entire european prosperity and the strength of many european economists, primarily german economy. and this is the main economy of the eurozone is based on the access to affordable and stable supply of russian energy sources. they're a big questions off of whether the european economy, the way it exists right now. we'll be able to maintain itself. of course, somebody expats vladimir putin to touch upon, you know, the situation in europe at the moment. the cost of living crisis and energy sales on here is expected. pretty much any minutes maybe within the next hour or so to

address a rather big plenary session with other world leaders. do you have any ideas on a as to what else you will discuss the i'm sure he will address the issue of multiple parenting as well as the general on uncertainty. or i will even say in chris threat level into well, because we're dealing not only with very well a tile energy prices and food. i says as well, short inches of i and again with in some regions of the world. but there is also a very concerning situation surrounding does the barrels? yeah. power plant. the russians strongly believe that ukraine and it's west and backers are resorting to the use of nuclear terrorism in that particular case. and they're deeply concerned about any potential accidents that could lead to a major environmental disaster in europe. but i'm sure there will be many other questions regarding, for example, the new british prime minister,

as well as regarding the overall future of the world. and perhaps even the future of russian ties with the west because any period of actions. and the question now is whether or not russia and you will be able to come to some sort of mutual understanding and mutual roof back in time to calm what we're going to break away now from our normal schedule and go live. now to the plenary session of the economic form in russia's far east, which can see now live behind me, where president putin is going to be delivering a speech. the presence on other dignitaries, including heads of states on top ranks officials will discuss the challenges faced on the path to a multi polar well disco, the alive now. it is true. excellency. mr. lee, john shue, ladies and gentlemen, just i welcome all the participants and guests of the eastern economic forum. but i see russia who do us let us talk in particular, once again,

hosting the leading business people. experts, politicians, public figures and officials from dozens of countries from across the world, the yo, but we also have video addresses from india's prime minister, mr. there and remove the prime minister of malaysia called mr. males, every car and prime minister of yet. now, i thank them for the last time they found to participate in this kind of recession as, as traditionally east me comic forum gives a platform to your discussion about projects and initiatives that are of paramount importance for the development of rush, as far as tim regions for reinforcing, cooperative and productive ties, which in russia and the asian pacific country is as a just says, with our long standing traditional partners and those countries that are only now starting to foster

a dialect with russia cross wide spectrum of driving years land business project. and of course, this meeting in vladivostok is yet another good opportunity to have a look at the current state of affairs and the global economy to have an exchange of opinions to talk about the trans and major risk sales. it was last year that you sneak in on the forum took place after it was we had had to take due to the corona virus pandemic. that, than most experts concurred that the business environment was starting to recover across the world. and they thought that once the curb restrictions were gone, it would be very soon we get back to normal. but pandemic has been replaced by new challenges of the global nature and carrying affair to, to the whole world. i'm talking about the sanctions rushing in the west and the west, blatant aggressive at campus to apple, toward the their medicine. she live endy on other countries to take away their

sovereignty to submit them to their will. there is nothing new about that. that is, the policy pursued by the collective west over the recent dozens of years. but these prayers, this isn't we're precipitated by the u. s. is slipping, dominance in global economy and the global politics, as well as the obdurate reluctance, if not, inability of the what's the lead to see and recognize the objective fact. as i said on multiple occasions, the whole system of international relations has seen reversible tectonic shifts. even though we see a significant growth of the role of dynamic promising countries and regions of the world. first and foremost, the asia pacific, the asia pacific countries have turned into new centers of economic and technological development. they've become a magnet for human resources, capitols, and production capacity. as despite that, the western countries are trying to maintain the old world order,

which only benefited them. they want to make everyone leave by the so called rules that the west family comes up with on its own. and it is also very often in breach of these are the rules and they are also trying to change these rules to suit their purposes based on the current circumstances. and when other countries refuse to follow distinct at an arbitrary rule, the western leads you to put it bluntly simply use it. they take near sighted if the full hard decisions from the point of view of a world affairs and world politics and world economy. and these decisions, brown county, to the interests of nations and peoples, and in particular, the interests of the people of lease the western can cheers and the signal to worry, but on which the level of industrial development europe has attained. the quality

of life, social, and economic stability, all of that has been sort of burned to fuel the sanction machine over at win squandered at the bill house of washington for in the name of the so called you atlantic unity. but as a matter of fact, it's basically been offered as a sacrifice to maintain the u. s. is digital real grip of the world affair bag in supreme many foreign corporations. we're basing to announce their pull out from russia, thinking that it was our country that would start to suffer the most out of that. but as we can see, a europe ahead of self shutting down production facilities and with jobs. and one of the key reasons ask with the severance of business ties with brochure. the competitiveness of european enterprises came down because you authorities are basically denying them access to affordable, raw materials, energy and market it to them. and you should at least weight comes as no

coincidence a global has an outcome. vinnish. the european businesses used to occupy on the continent and globally, because it's going to be snatched by they are american patrons with, when pursuing their interests, severe. they never restrain themselves easily. under any circumstances, when they pursue a girl, they have in mind or will it in their attempt to stay the course of history. the western countries of undermined re key pillars of the world economic system built over centuries. we have seen the loss of trust and the dollar value and the euro, and the pound for us, the currency is and which you can carry out transactions, hold deposits or assets. and that is why step by step, we are moving away from the use of these unreliable compromised currency. and

incidentally, even the u. s. s. allies are decreasing the assets denominated in dollars steadily. that is what the statistics tells us. the volume of transactions in dollars, the asset, everything is being euro pretty ludy and it will decrease un, yesterday, gas problem. and it's china. the chinese count parts are decided to move towards settlements in rural and, and bringing b and the ratio of $50.00 to $50.00 or in the payment for gas. and vs nearsighted, actions by western authorities, has to spurred on the global inflation, which is beating old record highs and developed countries. every one knows that. but i'm going to reiterate that in july the us inflation stewart lab, due to 8.5 percent in russia. it's around 14 percent and came to get back to that. but unlike them, the western country is, is we have

a downward trend in inflation rates. whereas in western countries, the trend is upwards. and by the end of the year, how inflation rate will have euro failed in ran 12 percent according to our experts . and in the 1st quarter, next year, we will hit our target 56 percent, some save, maybe even 4 percent will be seen as well. but more of the returned is positive and we see what happens. it in other countries, in germany it's $7.00 and belgium, $9.00 are in lithuania as more than 20 percent in the netherlands. 14 percent in latvia, more than 20 percent. and in his, stonier at 25 percent and the trend is upwards. and this is big news, rising prices and global market. you can turn into 2 charges for the poorest countries that are suffering from shortages of food. they will energy and other

essential goods. let me cite some statistics. you that bandon my line, how dire the situation is to 3, the un reported you're wondering a 35000000 people and the world in 2019 to suffer blame from shortages of food right now. this number has doubled, it stands now at 345000000 people with terrible a c, m. a scan fees are simply losing access to grain with food stamps. because western countries are blain out sheet and this can result here shortly in rising prices. let me say some go really before the year 60, now we will look at how much discussion there's been about the need to secure an export from ukraine with dex was going to support the poorest country is the

preferred event. we couldn't but respond to that despite all difficulties around ukraine. we did everything in our power to make sure that the cranium, green exports could happen. and a user, i met with a representative of the african union with other leaders of african states. i, michelle, and we still had, i promised them that we would do everything in our power to secure their interest rate to make sure that the ukrainian grade could be exported. we did that together, but you take care. but what do we have to do as a result of this? let me report to you, but you did leave you to go from of excluding turkey as the mediator country. almost over here, all is agreeable and exported from the cradle. she beat news with flowing not into the poorest countries but into the clean uniform. he merely premier level is 2 under the record, well, food program where it was under the aegis leadership un him that is meant to for i

believe the meaning of the poorest countries only to why some shape people have been sent just to out of in the 87 will reason that she said, because she was used to tear export 60000 tons of food out of 2000000. but that amount is 0 to johnson 3 percent of federal school that has gone into the. ready developing countries with on there for years and here it is, the latest then the colonies, previous countries many repeat the previous entries. many european countries used to be colonial powers and they continue to act as such, a simple deceiving the developing country as much. so can i can, i will say that if this approach continues, then the problem with the food is only going to exacerbate to our greatest regret which content with i never before seen humana. channing can any carrying catastrophe which you probably think about limiting the destination for gray

next pools. and i am calling to discuss that with mr. edwin present fair k, because it was she and i who came up with this plan. we need to help the poorest countries 1st in 40 miles is that there is not what is happening right now. but i can tell you that the situation has leave out calmly, reckless actions pursued by the leads of the u. s. u k. and you who are laboring under police illusions now, and they think that the welfare of their citizens and even the group of little own people outside the so called golden really. and the interests of these people are simply been relegated with the ground and inexorably western countries. are going to end up in, in economic and social crisis, which will half of them and predictable circumstances. yeah. outcomes for the rest

of the world. colleagues, russia is steadily overcome in economic, financial, and technological aggression of the west. i cannot call it anything else with stabilized our currency market, our financial market research li inflation rate is going down regularly. we have a record just blows in employment rates, less than 4 percent. and like now the estimates and the forecasts of economic dynamics by entrepreneurs and experts, they are far more optimistic danville back in the spring. the ability to i would like to say that on the hill, li, economic situation has been stabilized. it's true that we see problems in certain assuming that you've got to really sectors and certain regions and certain companies, especially if those were reliant on supplies from europe or we're exporting their product to their market. we will continue to work with the business to take a swift action to launch efficiently targeted mechanisms for port.

and i would like to ask the governmental commission on the sustainability of the russian economy. you pay particular attention to this issue. we are doing that on a daily basis. but when you, ma'am, it is despite these to bill is ation affords. we are fully cognizant of the risks and we are trying to keep that in mind with russia as a sovereign nation will always protect our national interests, pursuing an independent policy. we highly value these very same quantities in our plasma city. recall usually for many years have been demonstrating their reliability and responsibility and the course of trade investment and other types of corporation. first and foremost, i refer to our colleagues from the asia pacific, a majority of the asian pacific countries. we reject the destructive rationale behind the sanctions because the centerpiece of our business like relations is li

principles of mutual benefit and conservation. we bring together the potentials of our economy for the sake of our citizens. and this is our competitive edge. it is the foundation of our vibrant, long term sustainable development, and the growth rates here for far ahead of the world average, you know, on a yearly basis. dear asian countries, g d p was growing at around 5 percent. the world rate was 3 percent at the u. s. it was 2 percent and the at the u around one percent and the strength is persistent with. inevitably, this is going to result in an increasing bidding of share of asian countries. g d, p and the world g d p, edison, you're going to rise to you. you are not to 45 percent in 2027 on the look. and

then it's important for us to be with the russian far east economy is also developing hand in hand with the economies of the asia pacific. and we need to improve their standard conditions and raise the welfare. we have to create high quality jobs and efficient production capacity is the russian far east has also, has in russia, has already tested uniquely the tags, the administrative and customs your preference is we are pursuing historic projects in you didn't allude you it. you said in the actors, the sectors are, one of them was good chemistry, production ship, building biotech and clean energy. and of the last 7 years, the production capacity in the far east has where and by 25 percent to say which is ahead of the country wide average. so the russian far east has steadily growing at a faster pace than the rest of the country. we are going to stimulate further,

the advanced development of the russian far east, making use of advanced measures of government support. we will create the best competitive environment for the business. and here we are going to continue to fine tune the mechanism of advanced development territory is 4. morton projects run together with other countries to be we'd will put in place with a favorable business environment to attract the cutting edge technologies to russia and also to foster production of goods with the high added value. and the recent developments have shown how important it is to have access to rule in which materials without more materials, it's impossible to create any production capacity or create any cooperative value chains. russia is, she's probably the only country in the world that is so sufficient from the point

of view of its natural resources. the russian far east has made an important role to play oil, natural gas curl, metals, new timber, marine resources. all of that. it comes from the far east, it's a major supplier to the domestic market. and that brought we also plan to efficiently linguistic use and develop our natural aim with resources based on the most rigorous environmental standards. and we will achieve a high level of deep conversion of these resources in our country. we need to reinforce the sovereignty of our country and sure our industrial security and raise the incomes of our citizens and the development of regents will already protect it . you our rule commodities from unfriendly actions only confused the companies working in the russian jurisdiction. you can develop our natural resources, the ministry of natural resources,

working together with the ministry of the trade on the land, from city industry, working together with the business associations to determine our demands and strategic plan mod it is and this is the basis of an updated strategy for our mineral and commodity sources with a bigger time frame until 2050. we need to pay particular attention to geological survey and also the person of them scares goods such as titanium, manganese lithium and niobium that are used and metal production. medice, seeing chemical industry, microelectronics aircraft building and other sectors in particular, new technologies for the storage and transmission of energy on a particular view. now i would like to ask the government to have a look at the development of marine by resources. we have a mechanism of interest in quote, as in place where we need to achieve or well get allen's growth. we need to use our

production capacity as to the fool and ensure that the harmonious development of the original infrastructure. i also really would like to underline that the marine by resources and the money we get from that, as a matter of priority, should be funneled into the development route, infrastructure to support employment and res income. and i would like to wasn't the government to take concrete steps to that. and over the recent years, russia has done a lot to develop transport infrastructure, railroads and ot mill road b. c pools and pipelines. and these timely decisions have allowed. our business is an id card in condition to swiftly reward logistics to re direct the cargo flows towards those countries that are still willing. but one way to treat without countries who prefer civilized predictable business relations go viral. it's very

telling that despite the template, external pressure via through portion of russian c, ports has barely decreased over the 7 months of this year. it's almost at the same level as it was a year from breaker, around $482000000.00 tons last year. it was 483000000 times, almost the same hand as far as the forest and foods are concerned. they are going to look ballistics. boone, 30 lea transshipment volumes, the number of apprentices containers are. so baker with professionals, have to work without breaks or holidays. you haven't though, some want to isolate russia with them go really try as they might. it's impossible to achieve that. and this is something we've been telling for quite some time. now you just look at the map will use our natural competitive issue with joe, and we will continue to boost our transport potential. will build

a network of automobile and railroads. we will also build new access points to c terminals via throughput capacity as game to rise as well. and i was sent to p is the eastern dimension of our infrastructure, more school and also with the international in north south corridor and the pool. we have the c as off and the lag, c. m will provide new russian companies with new opportunity if they wouldn't get access to the markets of the iran, india, the middle east, africa. and it will facilitate supplies from these countries in return. and by 2030, the overall cargo carriage from volume to these 3 main lines can rise by 60 percent. these are realistic for us and this will help you achieve that government has come up with

a true concrete road maps. there are 3 avenues we 3 have already named dana. it will allow us to work systemically, will integrate the roots fine tune the timing and the throughput capacity resolve the bottlenecks which modernized, bought a checkpoint label handling the related infrastructure of there's no link together with these plans on the transport corridors. it's important to modernize the role install and attraction vehicle, william the coaches on the russian railroads. we need to provide with our shipyards, with high quality orders. they have to drill tankers. carriers container ships in particular to continue to develop the northern c route, which is the power for transport routing of national and global significance. i'll and the school is there to remove it's navigable. yeah. around was we have if you morton icebreakers and.