carol news of finance minister alexei kudrin resignation is of course bad news for the russian stock markets and of course the ruble and departure is regarded by many analysts as a severe blow to the country's investor sentiment this country was considered to be a rock of stability for the business community or for all the world and also could really is highly respected by both domestic and european businessmen but we can say that the markets were slightly retreating from there. they started to lose some ground heading to the close and my six close to one point five percent while there . was flat to negative we'll see more reaction from the markets as they reopen on monday of course all right you have a. business bulletin in about fifteen minutes time thank you. eurozone leaders working against the clock to set up an extensive rescue plan for the region to head off from plunging the global economy into a new recession the idea now is to apparently boost the size of the eurozone bailout fund to two trillion euros but the i.m.f. warned it may not be able to help out the big e.u. three

but as mr alexei kudrin we can now say form of these and again officially his resignation has now been signed by president it's ok listen we know now the last fifteen minutes has made his mind earlier on the last couple of hours it was for the why do this after that showdown we saw there what's the world been saying about this potential job swap at the top of the news was coming through . well that's what of course was tremendous news over the weekend global reaction to its heart has been mixed as well as russian reaction as you can see from what's all developing with the the former prime minister alexey drin in terms of the western media not really much of a surprise there a lot of criticism about the situation of course social media and networks just surprised with this news that lazy american student would run for president and that president medvedev would then become the prime minister and lead the party through the parliamentary elections the party of course knighted russia russia's ruling party i did take a look at twitter stateside a from a u.s. senator john mccain known for hi

russia needs a new finance minister following the shock departure of alexei kudrin on monday his position became untenable after the after he publicly stated he would not work on the meditative in the next administration jacob now from morgan stanley russia says there are a few candidates to succeed couldn't but all will find it hard to match the confidence he inspired. i think there's quite a number of people in more sco who have the qualifications on paper and perhaps personality to be the minister of finance visit last year for the central bank governor who worked in the ministry of finance business you came in there was a deputy minister of finance deputy central bank governor there's talk of rich the president's economic adviser those deputy ministers in the ministry of finance such a store track you have the capacity to to to fulfill the role want to trim a higher stock track record he has credibility and you don't build that up overnight so i'm russia needs a steady hand on the fiscal tiller today. and that's all the business news for now but don't forget to check our website r.t.

business update and as we've been reporting president richard vedder has told finance minister alexei kudrin to resign supports his policies widely respected in the business and financial community among other things he's credited with successfully steering russia through the chief thousand and eight financial crisis first office of all the chief economist of russia says if he goes he will be missed i think mr could run this seen as the greatest heavyweight. cabinet interims of his liberal credentials in terms of his capability to convince markets that russia will stay the course in terms of fiscal prudence so accordingly his loss would certainly be taken negatively by the markets i think in terms of the replacements would have to be someone with a significant track record who's an established heavyweight and policymaking within the government and i think or there are very few names that would really come to mind i think one possibility would be aram and graf the c.e.o. of sperm bank. but you know so far. that's just one count of the c. and find out the how the markets and russia are reactin

ten pm here in our top story russia's finance minister's been fired president medvedev dismissed alexei kudrin after he said he couldn't work in a possible government where russia's leading player switched roles parties in this and now is across the latest. well it all started with the weekend's big news that lady mayor putin will in fact be running for president in twenty twelve and you'd like president medvedev to go on to become his prime minister of finance minister former i think you could say now of course finance minister alexei kudrin some comments about that news him saying that he doesn't see himself working in images governments obviously talking about him possibly becoming prime minister the president not happy about the comments they were making in the last time i was there and visit he calls them utterly inappropriate and this is what he say he sucked out. yes that was if you think your views on russia's economic agenda differ from mine as president you can resign but you have to answer right here and now are you going to resign. in your words of courage just my opinions do diffe

russia's finance minister alexei kudrin has been silent about president medvedev up to say did not say that to him and to him as prime minister should lead to take over as lead to after next year's elections and for criticizing aspects of bunch of a policy. the united nations security council says it will consider palestine but for all you have membership on one state with its leaders expressing hope of success despite opposition from the u.s. which holds a veto. was speculation continues over a greek debt default as new as our leaders scramble for an urgent rescue to table deep recession but while the international monetary fund has been criticized for not treating all countries equally favoring the rich.

staying with the subject of the global economy r t spoke with russia's finance minister alexei kudrin who outlines the country's plans for weathering the financial future storms the interview coming up. and always say advance the commies are about to plunge into another recession the debt crisis in europe is threatening to involve more countries it's not clear how the u.s. is going to pay off their gigantic debt analysts give a pretty grim picture of what's coming to find out how russia plans to deal with these developments in the world economy i'm joined by russia's finance minister. thank you very much for joining me out of sitting at the beach hello prime minister vladimir putin said russia has sustained the head of the crisis and that in fact the level of unemployment in russia now is lower than it had been before the crisis we know very well that we deserve credit for russia actually being able to withstand a very severe financial crisis from several years ago we are talking about the stabilization fund that if you developed and other measures but here we see a new wave of proble

spoke with russia's finance minister alexei kudrin who says in order to tackle the economic crisis countries in the west have to deal with what provoked it in the first place consumerism more on these thoughts at our interview coming up in about an hour. the way western countries are vital has become somewhat outdated as huge consumption and little investments and savings have provoked this crisis at this point most western countries are not ready to reduce their consumption and preserve the pre-crisis development. this does not left america from crisis underconsumption is not substantiated with really konami results because consumption is pulling them into debt so western countries have this issue and they're trying to resolve it by printing money which only delays the solution. we can't yet predict from the economic point of view if this printing of money and supporting of artificial demand will help kick start the engine of the western economy so far this is not yet happened after all what the federal reserve system is don't know we can see the situation is becoming worse because those me

just after showing the daughter as finance minister alexei kudrin president dmitri medvedev has warned that all those questioning presidential policy will follow in the same direction could recite here couldn't work in a new government and i'm into that of if the president becomes prime minister in a future a shuffle at the top peter oliver takes up the story. well since president medvedev came to power there were certain areas of the country ditties earmarked for spending in improvement things like improvements in the prisons and the armed forces now some of the spending policies appears to have been in disagreement towards alexy could have been thought and that's why he lost his job on monday now president dmitri medvedev has on tuesday robustly defended his spending policies saying this defense spending in particular was crucial to the development of russia when you more from a way to say we can do without defense spending and this spending should be worthy of russia we're not some banana republic we're a big country with a permanent member of the un security council and we have nuc

about it may turn out doesn't like it's effect russia's economy if you're russian finance minister alexei kudrin and you can watch an exclusive interview several minutes but here's a quick preview. if the debt crisis does spread it's not affecting these directly because our banks do not hold any. french and german banks on your will suffer greatly because they were not on their hands and would not be cleared for us will cause problems with him these banks problems with these banks credit some overall problems on these markets because banks are after all the leading players. libya's transitional government forces have reported the end of his hometown of sirte supported by nato they've also intensified their assault on the city of bani walid and while human rights activists questions the legality of western intervention in the country are taking legal action that is daniel bush looks things in a record with some images you might find disturbing. projects foreign minister jamal says he's ready to defend gadhafi in the international criminal court which is issued a warrant for his arrest but later w

some very harsh words there as heard for yourself from the president to alexei kudrin what this all means for russian politics no one knows yet i think it's fair to say it's going to have some reaction on the markets but whoever said that russian politics were boring might just be about to be for them and to be so what's been the world's reaction safe to this potential jobs at the top the reaction. most certainly been mixed from around the world in fear of russia it's no secret that united russia and both president made very different prime ministers news and enjoyed very high approval ratings so much not unexpected reaction from the last a lot of western media outlets criticizing anything that russian politics were stagnant although we've been speaking to experts that feel it's quite an obvious choice is russia really is a country that needs to belittle and its these two officials who have certainly proven so far the stops what they can bring the country their platform is to continue to move through stability on to further development and that's what they're hoping to take and take throu

may turn out is unlikely to affect russia's economy that is the view of russia finance minister alexei kudrin and you can watch an exclusive interview in several minutes but here's a quick preview. if the debt crisis does spread it does not affect us too much at least directly because our banks do not hold any of the greek. french and german banks on the other hand will suffer greatly because they will not own their homes that would not be cleared this will cause problems within these banks problems with these banks credit some overall problems on these markets because banks are after all the leading players. libya's transitional government forces have stepped up an offensive on one of gadhafi last strongholds of sirte that after saturday's attack failed to defeat the colonel's loyalists meanwhile some western leaders up facing accusations at home with a legalities of their military intervention is daniel bush will examine the reasons behind the claims and you might find some of the images in this report disturbing. projects foreign minister roland jamal says he is ready to defend gadhafi in

me as we've been reporting russia needs a new finance minister following the sharp departure of alexei kudrin on monday jacob knell from morgan stanley russell says there are few candidates who could exceed could win but all will find it hard to match the confidence he inspired. i think there's quite a number of people in morse code who have the qualifications on paper and perhaps personality to be the minister of finance visit the central bank governor who works in the ministry of finance you can he was a deputy minister of finance deputy central bank governor those two could reach the president's economic advisor those deputy ministers in the ministry of finance such a stall chuck you have the capacity to to to fulfill the role i want to treat with the track record the house of credibility and you don't build it up overnight i'm russia needs a study to speak to. take a look at the markets now i hear the figures for the r.t.s. in my six adding over two and a half percent this hour and let's have a look at some index movers on the rise next energy stocks on the rise and stronger crude look or

prime minister of finance minister former i think you could say now of course finance minister alexei kudrin it's comments about that news him saying that he doesn't see himself working in images government taboos lee talking about him possibly becoming prime minister the president not happy about those comments they were making in the u.s. interest there and a visit he calls them utterly inappropriate and this is what he had to say when he sat down with it yes it was if you think your views on russia's economic agenda differ from mine as president you can resign but you have to answer right here and now are you going to resign the ship the monuments the. furnish just have my opinions do differ from yours but on only take such a decision after i've talked to the prime minister listen to say that she's feeling the most upset at the scale of what you can talk to whoever you want including the prime minister but as long as i'm the president i make these decisions you have to decide very quickly and give me an answer today either you reconsider the differences you're talking about or if these di

four hours and in ten minutes you're watching exclusive interview with russia's finance minister alexei kudrin for his opinion on how the current crisis well pan out. leaving is transitional government forces have renewed fighting with loyalists of the ousted leader colonel gadhafi in a lot of his the last stronghold the town of syria meanwhile some western leaders are facing charges at home over the legacy of their military intervention artie's daniel bushell examine the reasons for claims and you may find some of these images disturbing. french explorer minister rowland jumar says he's ready to defend me in the international criminal court which is issued a warrant for his arrest but nato will have to find the colonel first libya's deposed leader is in hiding for good reason. if they find him they'll kill him like bill maher some states are now claiming the right to kill against all international law. images like these are moving frige lawyers to turn against the government because he faces lawsuits over the birth of ordinary people in libya lawyers here in france accuse the prisons of commi

first to russia is looking for a new finance minister a following the surprise dismissal of alexei kudrin on monday president medvedev sacked the minister who said he wouldn't serve in a new government if it's headed by and i'd bet it has become the first fallout from the planned reshuffle at the top of the country's political pile let's go now to our tease peter all over who's live with all the details hello peter so this sacking triggered a shock waves in russia n.b. on tell us more about the reaction to it all the reactions that are coming out coming from the the political elites at the moment after get is issued this ultimatum to get in to say get on board all get out couldn't said he would consult with prime minister vladimir putin now we're hearing today from to me to be preschool from out of the spokesperson that consultation never happens that he didn't talk to decide his future a presidential aide. says that as soon as he could in. president medvedev he made his position untenable and the only option for him was to slip up and disappear and go eventually he was dismissed you know

first the russians looking for a new finance minister after the surprising dismissal of alexei kudrin on monday this is the first far out of the plan a reshuffle of the top of the country's politics a lot of your putin announced he's running for president again in two thousand and twelve and hopes current president dmitry medvedev will become prime minister who reacted to the news by saying he wouldn't serve in a new government if it's headed by medvedev medvedev said anyone who questions his policies should step down to find out how the russian markets are reacting to the news in our business more than coming your way in less than ten minutes. to stay with a regional politics former ukrainian prime minister yulia timoshenko will be back in court tuesday after a two week break in the hearings she's accused of abuse of power during gas deals with russia in two thousand and nine claims she denies to machine has been on trial since june and was arrested in august on contempt of court her arrest park mass protests in kiev police clash with tymoshenko supporters who set up camp outside the

the scenes what we do know is that president medvedev is not very happy with finance minister alexei kudrin he made some comments after news came that if putin does that putin is going to run for president he would like to see meditative go on to be his prime minister quarter and said that he doesn't see himself working in medvedev government of course he went as prime minister and this is what president made very different to say to him face to face. if you think your views on russia's economic agenda differ from mine as president you can resign but you have to answer right here and now are you going to resign that this should be in your books the. bush just my opinions do differ from yours but on only take such a decision after i've talked to the prime minister. has been the most of the skills you can talk to whoever you want including the prime minister but as long as i'm the president i make these decisions you have to decide very quickly and give me an answer today if you reconsider the differences you are talking of and if these differences do exist i see no other way than for you to

first russia is now looking for a new finance minister after the surprise dismissal of alexei kudrin on monday it's become the first fallout of a plan to reshuffle at the top of the country's politics while your putin has announced he's running for president in two thousand and twelve and holds current president dmitri medvedev would become prime minister couldn't reacting to the news saying he would not serve in the new government if it's headed by a bit better but medvedev said anyone who doubts his leadership should resign find out more about the possible successors to cruder in our business gordon your way in less than ten minutes. taking a look now at some other stories making headlines across the globe libya's new leaders have approved measures to abolish the country's state security. prosecution and courts in hopes of getting rid of the remnants of the old regime this comes as the news that former libyan former rebels breached the colonel qadhafi his hometown of sirte this is been under assault for the last several days with hundreds of civilians fleeing the violence in the ar

to be is unlikely to affect the russian economy that's the view of the russian finance minister alexei kudrin you can watch an exclusive interview with him in several minutes but for now a preview of the debt crisis still spread it does not affect us too much these to recreate because our banks do not hold any of that with french and german banks and your heart will suffer greatly because they were on their hands that would not be cleared this would cause problems. if you lose banks problems with these banks credit some overall problems on these markets because banks are after all the leading players. now the only thing that's going on just a few minutes here are say now or another hope high profile killing shook afghanistan this week the country's former president and advocate of peace talks with the taliban was assassinated on choose to a suicide attack about a hundred in rabbani was killed by a militant who had hidden the explosive device in his turban all the while claiming to be a taliban envoy rabbani who had led the country in the one nine hundred ninety six was the key figure in curre

spoke with russia's finance minister alexei kudrin who says that in order to tackle the economic crisis countries in the west have to deal with what provoked it in the first place consumption more on those thoughts and our interview coming your way in about twenty minutes here's a preview. the way western countries are backed up has become somewhat outdated and has huge consumption on little investments and savings are voters crosses this point most western countries are not ready to reduce their consumption and preserve the prefer process development. this does not let them emerge from crisis in your consumption is not substantiated with real economic results this consumption is killing the country's afzal conditions so western countries have this issue and they're trying to resolve my parenting money which only delays the solution. we can't predict from the economic point of view if this trend thing of money and supporting artificial to mom will help kick start the engine of the western economy so far this is not yet on the after all what the federal reserve system is don't know we ca

chief rebels over the putin plan and that's were for in october hearing from the finance minister alexei kudrin that if the president has made it becomes the prime minister he won't want to stay on and work with him and of course social media and networks just went crazy there buzzing with saturday's news that putin will run for president in twenty twelve stateside as we've heard from a u.s. senator john mccain who's known for his anti the rhetoric he talked about he tweeted i should say surprise surprise shocking news putin is running for president again and then here in russia we heard treats from the president today to his very own eight hour carty to our coverage and what he tweeted was you have nothing to be cheerful about it's better to play ice hockey at the luzhniki stadium which of course is where this announcement was made it's better now to switch to a sports channel so our negative reaction both from abroad and here in russia although it has to be said that that was expected report a lot of criticism about russia's. lack of democracy. on the other hand we're going to hear certainly

out the start of the week they managed to avoid fallout from the resignation of finance minister alexei kudrin watch steps of course is weighing on the markets all the russian indices a message each of the poles to cherish reply from renesas as of managers explains what is driving the roller coaster ride the reason the knowledge of the russian leaders the above is the russians because before markets in the world people from well you markets of it's always been quite cheap and you know when the global market through thermal russia first in the form of the other reason but you can look for that can start to the russian markets through growth can really quickly come back for the world works and when people really money then suffer disproportionately so there is a flip cycle of when things go up to the russians to a point everything else in the world the last decade most of the bear market trough and. not until recently russia was looking north from the world view through those goals of more than anything you know the more you need to be. but subtle look at those figures the russian markets are do

business dave a temporary fix has been made to the russian government following the firing of alexei kudrin as finance minister on monday but a push in has appointed could run step or two until it soon as the new acting finance minister while first deputy prime minister it could shave all of the report to the cabinet on economic issues the prime minister gave no indication how long the interim arrangement might last distrust both appointments had been approved by president medvedev who sacked couture and fall in a public disagreement between the two men. to meet you the world's biggest soft drinks maker coca-cola is planning to invest three billion dollars into russia's economy by twenty sixteen that says much as it spent over the last twenty years speaking exclusively to our to the company's president can't explain where the money will go. given the upcoming election central bank is very likely to keep presence on the market so well initially or for that central bank will try to push hugh you know flexible all said now most likely it seems that central bank will continue to be as they call

at the start of the week they managed to avoid fallout from the resignation of finance minister alexei kudrin but europe's debt crisis is weighing on the markets although russian indices are managing to peek into positive territory plumb in the from renesas asset managers explains what is driving the rollercoaster. the reason lokomotiv of the drugs should be so above these two go for us she's the ca's for marketing the world from volume markets console is being quite cheap when the global market sort of thermal russia first in the form of the other reason but you can look up the slope of the russian market is still relatively liquid compared to global versus and when people read the money tends to suffer disproportionately so there is a flipside throughout printings go up and rushed and still perform everything else and that's where over the last decades seems to bear market trough. recently russell's book called the market in the world three dollars goes up more than anything you know more than anything. let's not have a look at those figures the russian market saw in the right but they are