ah, the let's recall the words of a famous american writer who said the reports of my death are greatly exaggerated that applies to our economy. that's the message from log me i want addressing rushes entrepreneurs unit would be presidents, noting that inflation in the country is lower than in your shoes. meanwhile, the european central bank raises interest rates to its highest levels in 2008. i think global financial system is shaken by space. oven doesn't melt the walls. the watchdog raises the alarm of massive salt, paula uranium. all that is gone missing in libya side, not controlled by the government. and in viet dismissive media report prepared to implement the western factorial price cap against moscow, as the agent,

countries in the food from russia, which new rapport hot the a pm here in moscow. and this is the international with the very latest world news updates and welcome from all of our team. top story they found just by pressure from the west. the russian economy has become challenges. and this turns to growth, as the message from blackmail putin during a speech at an entrepreneurs union meeting in russia. number would always come to sewage fucking managed to compensate for the defact, a closure of western markets. but i'd have expanded trade contracts with developing regions of the world, even before this crisis was made and we were reorienting our self storage growing markets. the current situation shows we were right to do that. and even did it slower than we should have been, but it's okay. now we'll just continue on our path mobile as well. that's as high

inflation in europe as a central bank, raising interest rates, pay up by half a percent, bringing it to record levels. most things, the 2008 financial crisis. it's got more details now let's close live to contribute to rachel mazda and rachel. good to see you. you 15 percent in the euro zone on food as a result of energy costs. inflation is projected to remain too high for too long. therefore, the governing council today decided to increase the 3 key e. c. b, interest rates by 50 basis points in line with our determination to ensure the timely return of inflation to our 2 percent medium term target. i think that the banking sector is currently in and much, much stronger position than where it was back in 2008. so even with this new rate hike, which sacrifices economic growth to break rising inflation. it doesn't even look

like there's going to be that much relief this year for europeans. the current overall inflation rate was 8.5 percent in the euro zone last month. and the e. c. b optimistically figures that this new rate hike will bring it down to an average of 5.3 percent in 2023 and maybe 2.9 percent in 2024. but of course, all that could be thrown right out the window by the big elephant in the room, which is of course, what la gas downplayed as quote, financial market tensions, the easy beast projections for what the rate hike would be required to bring inflation down to the projected levels did not take into account recent events that sent european bank stocks tumbling this week. as a result of new us bank failures sending shock waves across the atlantic to europe . maybe they should have taken an extra day or 2 to work that into their projections instead of actually school kids who couldn't be bothered to update their assignment before presentation day. instead,

log out basically just avoided addressing it altogether. instead, she did want to get in a job at russia. she said, quote, russia's unjustified war against ukraine in its people continues to be a significant downside risk to the economy and could again push up the cost of energy of food. now, europe has had a whole year now to adapt to the economic damage that imposed on itself by cutting off its energy from russia. compare la gallons, attend to blame, shift to russian president vladimir putin. economic management. despite contending with a mountain of western economic sanctions. and yes, it would, it needed you to run the fios the projects at the level of inflation at the end of march is of course lower than that of bureaus on countries which continue to wait for the collapse of the russian economy and try to convince themselves in our partners that it will happen. but let's recall the words of a famous american writer who said the reports of my death are greatly exaggerated.

that applies store economy. okay, so protein isn't just looking at this mountain of sanctions, are going all man, that's a law lighting the economy slide, using them as an excuse. well to shrugging it off and blaming someone else. he's taken the bull by the horns, but meanwhile, the gown sounds like someone who got divorced a year ago, but it's still complaining about their acts. at some point, it's entirely a you problem and you can't keep blame your former partner for the rest of your life. or failing to get your act together and that includes rising to the occasion in times of adversity, which obviously the e. c v is having a hard time doing right now. right, so many thanks for those days. how thought a contributor rachel marston speaking so as it from paris? 2.5 tons of concentrated uranium or has gone missing from an old stock pile in libya that was not controlled by the country's government. the international atomic energy agency discovered the disappearance during a routine inspection. if the uranium falls into the wrong hands,

they could potentially be enriched and used to make a nuclear weapon. the loss of knowledge about the present location of nuclear material may present a radiological risk, as well as nuclear security concerns. more than 2 tons of uranium has gone missing in libya. now the agency could not say when it went missing and the location is unclear at this stage. other than that it's in territory. no, under the console of the you impact antrim government, i have seen some speculation from nicholas security experts that it was removed from a remote site in southern libya. it's important to note obviously that the uranium is no enrich meeting, but it's not weapons ready. now the former libyan leader, mama gadhafi, renounce libby as nuclear program in 2003. but of course that could change over time. it could be in rich and that's the real concern. and at this stage, we don't know who's responsible for its disappearance, or was the overall situation in libya like at the moment the. well,

the situation remains incredibly volatile. of course libya descended into a quagmire after the nato bombing. busy campaign in 2011 and the western backing of armed militia there. now at the time at western leaders try to portray this as an uprising against an unpopular dictator. mammography. gadhafi chose the path of brutal suppression. innocent civilians were beaten, imprisoned, and in some cases kill. gadhafi must stop fighting without conditions and clearly show that he has given up any claim to control libya. now gadhafi himself warned that west was trying to oust him in order to be able to plunder libya's natural resources in lamara. there is a conspiracy to control libyan oil, to control the libyan land. and to colonize libby again, this is impossible, impossible, and we will fight into the last man and woman to defend libya. gadhafi was sir,

later killed in a, in a very brutal fashion. this was most famously celebrated by then you are secretary of state, hillary clinton. yes. we came, we saw a died, but the country has been unstable ever since with various all militia, including islamic state via control. the country effectively splitting 2 with 2 parallel governments. the government of national accord, based in tripoli, back by the united nations and another government, based in the city of top root, supported by general cali, fer heft. and now both sides, in that there was a brutal civil war. of course, her that taught the country a part and both sides had international support. now some countries, including france, were accused of supporting both sides now efforts a ceasefire, and a national government have proved a incredibly difficult alms. embargoes have been repeatedly broken and elections have been postponed indefinitely. and what's next,

when it comes to this missing uranium, steve, while the international atomic energy agency has informed its member states of what's happened and it said the investigations, or i'm going the details at light at the moment. it said that it's coming out some a specific activities to try and find out what's happened to this you radians. they remain concerned, of course, over nicholas acute and who exactly has got their hands on the right. but one thing that is very clear is that the western intervention in libya has made the country. i think, be the world's most dangerous place. was it palestine? now where at least 4 people, including a teenage boy have been killed in an israeli raid on the city of gen in that's according to reports. this video circulation on social media has to show the 2000 israeli authorities have set rates on the city were conducted in order to eliminate suspects links to terror groups. the palestinian side has not yet commented on the instant only confirming the death of 4 residents. we discuss the developments with

the heads of the palestinian national and the initiative who stays the international community needs to act. now, what we've seen today is another semester. this is the master on me conduct in it's been 32 by 2 years before that. there were 2 other goods in janine nablus. what happened today is that the 4 people, including her child and this is one of the act of this is that you got them, which is but i think it can to suppress ballast and, and enforcing the slave went on them. what happened very dangerous, especially that happened while that's the other countries are very amusing to miss. yes, i'm then i would believe is using these meetings only as a cover for crimes. what happened to be making very

angry, especially after the killing of these 4 young people and what we need the really strong international action to enforce 2 forces to stop these aggregations on mastercard. and again, people following the chinese broken agreement to restore diplomatic relations between saudi arabia and iran, react, say that it's ready to invest in the iranian economy. how quickly in your mind, do you think we're going to see saudi arabia making significant investments and vice versa? i would say very quickly as our neighbor and have been and would continue to be 400 years. so i don't see any issues that would prevent normalization of the relationship cost investments successful.

let's discuss this with our guests. now we're joined by martin j journalist and that it's a fight mohammed mirandi political analyst on back of demick and abraham deer. political analysts many thanks to all of you for joining us on the program this evening. it's great to see all if you a 1st question please to mr. abraham if we can start with, you know, the saudi finance minister has proposed to invest in iran. do you think ron will agree and also offer the same on this policy? definitely thank you for giving me that pretended can migrate the exterior interior . pamela, the viewers, definitely time has changed. iran is a different iran today, maybe, and they are more willing to understand the dynamics of what happened in the past decade of negotiation. remember, there is one of the agreement that we're going to have 2 months period or basically seeing how serious is iran coming to the deal. so it's going to to, it's going to have too much of observation of what the rained it's going to come

and what they are going to do. as far as it shows how she's the are going to be regarding the point that they agreed with saudi arabia and china. so definitely, iran is a neighbor, it's an i'm top market. we expect they have 2 trillion dollars worth of goods, an investment and them to structure and definitely are going to be, it's going to have a speak and, and iran need some of the neighboring countries country to contribute them back. and this is definitely aligned with vision 2030 tardy has a lot of ground manufacturing capability. they are very advanced and definitely they can contribute to the iranian rebuilding. let's put it this way and buy a located iran. we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. also target a, b is going to look to iran as to import a lot of the things from ron. so it's not

a one way benefits. it's a both way from iran and from i mr. long the what you expect from to ron, do you think it will agree with reality on these mutual investments? and if so, but on what terms the world is changing very fast, and the united states and the europeans do not have the cloud that they have before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on, they've even shown that to, from the government in georgia and the new administration in iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. and if the divisions in this region can be removed and the countries work closer with

one another to enhance the wellbeing of their citizens, then that is obviously in the interest of both iran and saudi arabia. and i think that those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create divisions. and of course, this same policy will be pursued by other means as well. but i think it's quite clear that the 2 countries have invested heavily in rebuilding ties and in looking to the future. so yes, i think without a doubt the iranians would be dealing economically as well because that is a part of the broader package. iran will do trade with saudi arabia. iran will do

business with saudi saudi arabia. and i think that this network of countries across the region that have been divided for many years now. he's thanks largely to western policy is that bringing bill gradually grow closer to one another and that will enhance the wellbeing of everyone and this the j at the different i think deal it when i was mediated by beijing completely by passing the us, which is always like to see the middle east as its own kind of spare when it comes, fear when it comes to influence. so let's just take a listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries as internal affairs and even instigated wars in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but

a bane for the world. so my question to you is just that, how worried do you think washington should be about such developments and rhetoric? mr. de. oh, i'm sorry to be worried now really is the role that america plays. i completely agree with professor moroni. when he said the world has changed. he's too polite. spell it out in, in crude terms, but basically america's normal calling. the shots we commentators such as myself, are wondering how much longer we use the term u. s. a gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin. now, of us leadership around the world, the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think we need to be cautious about before we opened champagne bottles . i think there's a couple of months ahead of us where we will watch both sides very carefully. they have hands in, historically these, these, these,

these periods of cooling off and then things worse and again, but i think now the signal, the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean, the was that saudi got involved in which had been stopped by the americans. we must say, of customer absolute fortune a certain point. the war was costing a $1000000000.00 a week. so i think more so on the south side, they're looking at peace. i look investment because young new crown prince who is very ambitious, wants to really drive his country out of the of the dark ages and make it a modern middle eastern country that whole world will look to. so i think lots of play for very exciting to complete. the unprecedented, i didn't ever think and be on a torture, talking about saudi arabian piece. indeed, method, abraham, coming back to you just for the saudi investments you think we can expect to see in iran and vice versa. old sector 1st they've done to do some probably joins

been joined petrochemical on industrial stuff on the probably passing some of the investment within iran. but some projects that actually contribute to the tourism are many sectors. yes. still, iran is basically called close to treasure, or in many invest me about 3 can look at because, you know, all the pick all the boxes. they all the oil producing come country. they have the right amount of population. they have the right amount of education. they have the right amount, they have the right she is, she is our chief from the north to the south where it could, you know, contribute to many people. so definitely the saudi business men, definitely the going to charge up today. and they're going to take a look and go to iran. i remember back in the sixty's when the older people here and talked to they used to tell us how well when the time was fine between the

tardy been the iran and the saudi business. men took the concept hypermarkets from iran, and they bought the saga. so those a lot of things that we're going to learn from the new people. and there is a lot of things that they can learn from the saudi advancement and the cell division of 2030. and hopefully this will come in, but you normalize the gen, but i want to comment something going our gets from america. i think i think the middle east and the middle east, incomplete countries now they are taking mattress into their hands at the united states. it's still an ally. they're going to have their influences in some way. let's not forget that. we just basically now to deal with point about buying, convert them 13, or please for over $70000000000.00. so this is still tells you that this region, it's still tagged by the have to be not state. however, now we understand how the each in the has need to be taken to our hands. we don't

expect somebody from the state department who never probably left the united states doctor, i think up articles and now most to the state department talking about the mac lee . so probably now the dynamic trust change. however, i don't want to without the, the be the gcg countries. and also i don't want to be influenced of russia and brokering the deal between iran and saudi arabia. yes, it was done by the chinese and it was for the flag by china. however, they was behind the close go, a russian influence on the iranian pasta. so probably on the saudi part in order to make that happen. thank you very much. i think mister j is almost definitely british. i mean, back to mr. moran, the, which of the 2 countries do you think he's going to win the biggest benefits from such economic cooperation?

oh, sides will benefit you have the whole of the caribbean peninsula. you have central asia, you have the north south corridor or the balance and road initiative, making russia to the region linking china and central asia to the region. this enormous network of countries are just beginning to discover the potential markets that exist in the past. traditionally, it has been a sort of one on one relationship between individual countries and the whole of the west. now, what we are beginning to see is the emergence of networks of countries across the global south. but in our region and the whole of asia and your asia, we're seeing this develop almost simultaneously different areas. and to bring all of these together,

i think will create an enormous change for the region. it's not going to happen overnight. and there was a huge deal of infrastructure that has to be built investments, take time trading partner schools need time to find one another. but i think that in the, in the coming years, we're going to see a very different world from that we experience in the past decades. i coming back to mr. j. now the, the saudi rainy, radiant agreement. it seems like, oh, good news for china, but was sort of this is my to create for china when it comes to dealing with the u . s. and that middle eastern countries, it likes to deal with. well, there's already, the talking isn't day. you know, i can, i just, i think that this isolates america and more importantly, lice lives, israel, even more who's been doing everything i possibly can in the recent decades to look for middle east and partners or palms to gang up with, against around, you know,

if they thought they'd found that with the saudis, sometime around 20172018 when this new relationship form to train mommy but some and the, the israeli elite. but in fact that so the piece is now and i think now we've got as, as, as professor miranda says, we've got a new whole new dawn now which is unfolding and with china right in the middle of it, you know, shut it didn't have one single frigate of the coast of the arabian peninsula, but it's power as a world leader. as a piece broker is breathtaking, and i think we should be now looking at this deal and asking what sort of role, what sort of a response can we expect from israeli isn't coming coming months today or yesterday, i saw on the internet and interview with the chief, but i seen an interviewer who asked him, you know, what's gonna happen now with this, with the situation, israel and he shocked me and shot dressing, everybody walk,

watch it by saying that we will have to look now towards the iranians, with perhaps a view of some sort of reproach me and i mean that's amazing. that's absolutely breathtaking. the fact the piece is breaking out in the world and the americans have absolutely nothing to do with it whatsoever. you know, i've been writing myself and my own columns for years, arguing this war between this a conflict between saudis and iranians is a phony one, has been created and stoked with decades by the americans just to make billions and billions and billions from um sales from both sides from, from the saudi side, mainly and keeping american firms, you know, boys with those sales when we're looking now complete the new picture. if the, if the saudis, that they can make a lot more money by taking advantage of the rain in industry, which let's face it as advance is better themselves. you got so much more going on there in iran, from everything from call making to technology to, to gen and g, which is a real interest for the, for the south is the idea that was floated

a few years ago in a bay conference that the whole middle, the whole middle east could one day be a bastion of nuclear energy is no longer a dream sort of fun to see that could happen. that was with the rain in technology . so we got so much look forward to. but to answer your question, i think i think the chinese, and i'm going to continue with this role, i really see them on, on a role. and what next could we be looking at, you know, places like lebanon, where these 2 sites that have been divided. so long coming together could we could the even extend as far away as where i am 9, morocco could, the moroccans know, cheer is now start, look into seeing the advantages of what they could both have if they, if they what was reproached as well. so i see it very much as a blueprint and one that is broken, but china and what else can trying to do in the coming weeks and months? you know, what's the space? well, i'm not positive. no, let's wrap up. thank you so much to one of our guests this evening. we've been speaking to martin j journalist and editor, slide mob moran,

the political analyst on academic archman abraham at g a political unless many thanks to all of you for your time and your insight. really appreciate it. thank you. thank you. now reports that india is ready to join the g 7 block in imposing a price cap on russian oil on nothing but misinformation. that's according to the russian ambassador to new delhi, as well as a source from within the indian oil administrate, which waters site's saying that india is not obliged to follow western policy by turning it back on energy sanctions. natalie has achieved a boost in oil imports from moscow, which in january this year hit a record high of $1700000.00 barrels per day. rushes exports of oil to india have jumped from less than one percent to a quarter of all supplies compared to march of last year. according to the us treasury department, western sanctions have had no effect on russian oil trades worldwide.

about 75 percent of the trade of russian seaborne oil occurs outside of the price cap. that means no western services are involved in the transaction, and therefore, these trades do not violate, or vate sanctions. the price cap on russian oil was imposed last year by g. 7 members and the e u. setting the limit is $60.00 per barrel. according to washington, brussels is now considering to lower the limit to $55.00. moscow responded by banning oil sales to any country that follows the restriction. and due to foreign ministry, spokes person has dismissed the report that india is joining western sanctions of speculation. so i'm assuming i'm comfortable talking about reports that may be there. i don't know which one you're referring to. so let me just clarify. i don't want to comment on speculative media reports. we have repeatedly made it clear that our approach will be guided by out energy security grammar to heard this many times . and i think that continues to be valid listing, but case study of india and india was buying and wanting to buy and,

and in fact started growing the amount we will buying before the war. i think we will buy hardly one percent last year beginning from russia. and now we're at about 35 percent. initially the west, the u. s. and you ought to be kind of ignored what devil's doing because they were too busy with your up and what it was, it was figuring more with respect to russia. but later on, when they started realizing that india is buying and buying in larger numbers, it actually, i think it struck them, and it's like nothing blind. i think it's the unplug unplanned, you know, spill, which happen. that the, the energy needs of europe are not being fulfilled via india, especially the refined products, the diesels. ok, the petro supposing this diesel was taken off the market, right? the market, the market for diesel would have gone somewhere else. so now the us and the address is related with respect to india, that this is looking to be a good mate,

gather them, ball yard up to say that they're not buying, you know, the refined products from russia inside the gap on the find for list also now, they're that they're buying the refined products, which india is fighting from the last year. so they're getting to have their cake also in a way and still claiming that they are, you know, a lot of europe is if you're not buying from russia. but thanks for joining us on our international as always, you can find the latest updates on our website r t dot com will be back in 30 minutes. ah.