will retain a seventy percent stake in the gold unit severstal has been expanding its portfolio of gold assets in a series of acquisitions including the recent purchase of canada's crude gold meanwhile bullion prices are currently at record highs as investors use the precious metal as a hedge against economic uncertainty and inflation. the market for retail financial services in russia is still under developed the bulk of people living here have no private pension plan hold no insurance or any other form of investment product this is unlike more developed economies where nearly everyone insures their home many insure their life and health and hold private pensions under a debian you pay and director for corporate and partnerships with a view russia explains why. the russians are buying less insurance than the average people do in europe the problems of the same probably in russia in addition we have the following problem so the trust in financial institutions are the lowest ability of the economy is almost as high as people would like to have they don't plan long term they don't have tr

the company the paper adds that sevastopol will retain a seventy percent stake in the gold unit severstal has been expanding its portfolio of gold assets in a series of acquisitions including the recent purchase of canada's crude gold meanwhile bullion prices are currently ever recorded highs as investors use the precious metal as a hedge against economic uncertainty and information. update for this hour you can always find more stories on our website r.t. dot com slash business. some team has been to the our hangal speak. for the first russian fleet was born. on martin goes to the area which holds tom position in oil and gas resources. where the biggest russian salmon can be are processing factories located. where unique species of farm fauna can be found. to some clean region. should close up on our teeth. are not stopped going. back. we'll have a rally we'll sell lots of beer low. they will wear uniforms that will damage is the black memo there but very little damning the wife. and they are the key to our problem are already. more news today violence has once again flared up. these are

and could be worth as much as four billion dollars citing people close to the company the paper severstal will retain a seventy percent stake in the gold unit have a star has been expanding it for failure so it's a series of acquisitions including the recent purchase of canada's food gold meanwhile very own prices are currently at record highs as investors use the precious metal as a hedge against economic uncertainty and inflation. and i should update for this hour you can always find more stories on our website r.t. dot com slash business. when the news is not enough room when it's something really crucial when you want to get down to brass tacks women in special coverage. is trying the latest news from the international market for trying to get discussion and expert exchange of opinions on the prison issues of the region to come to market form twenty trillion dollar interests. question more on. so. you. are in. this history still keeps its secrets but now it's time to reveal that in the soviet files house on the embankment and on t.v. . are not stuff we are going to. put back. the rall

one of the things that i hope severstal will do is not make the mistake that a lot of other companies have done doing i.p.o.'s in russia where if you get really aggressive in the valuation you spit it out in the i.p.o. and in the stock doesn't go anywhere for years because it's already been you know priced their growth started and priced in hopefully the other advisors will advise them to be a little smarter maybe price it with a little bit upside left in the price so that investors will be happy investors and happy shareholders going for it is actually make some money off own stock to see you go thank you very much for your insight with us. i look back two markets european shows have turned to the negative in the last a raising opening games that follows the release of the euro zone and purchasing managers survey for september showing activity rose up the slowest pace in seven months banks are extending losses on the footsie as investors remain unconvinced by the pace of economic recovery i'm here in moscow but the r.t.s. on my six a sliding slightly into the red mid session by civil