that's arctic and non-arctic states as to what kind of course they should take, and also within arctic countries as well. coming, there'll always be disagreements, but it don't think we will see escalation of these conflicts. >> thank you. ambassador hafstrom? >> to point. first of all, there's the border agreement between norway and russia. that was a clear sign we are not going to go for more conflict, but less conflict. then you can always ask yourself while the russians all of a sudden decided to sign. been a region ambassador is in a better position that i to tell you about that a the second thing which i think is interesting is how high on the political agenda, how high it is. there was a miniature meeting in 2006 in siberia. there was no secretary of state from the united states. not even of the nordic foreign ministers were there. the representative from the nordic council cabinets with people, experts on the economy. that was in 2006. now 2011 there are secretary clinton, we have all the coastal foreign ministers, and i think that will stay on that high note. that is of course

s arctic ambitions have hit the skids the greatest oil firms pulling out of its high profile alliance with russia's ross snapped just six months after business desk and there was a hint of why the deal gone down corrina tell us what's going on well b.p.'s confirmed that its alliance was crossed and is effectively. the company says it's moving on to focus on other opportunities and despite the failure of their arctic venture b.p. says it remains whilst they have favorite part i hope some other deal could come through the company also said it had no intention to sell its stake and. join me in our business boards where we talked to some analysts about the problem and about ten minutes. a drug designed as a cure is now they used to kill on america's death row it's a powerful chemical used to treat epilepsy but it's also used to put animals to sleep human rights groups say i'm a subject inmates to a lingering and painful death after bennett. if you. were an option if you would have said we don't like the word execution from a dog's life to a dog sting prisoners on death row and now being k

massive is situations close to the town of one hundred fifty kilometers north of the arctic circle it is one of the instruments of the avalanche safety service it records dozens of readings several times a day snow and ground temperatures wind direction solar activity and precipitation all those factors affect the snow and its structure the station staff uses them as the basis for political reform casts concerning avalanches. what triggers a sudden movement of snow in the mountains resulting in a formidable natural disaster. finding the answer to that question is the job of scientists to some petersburg's hydra meteorological university one of the factors triggering an avalanche is nothing more unusual than snow evaporation little flakes turn into vapor even at very low temperatures. but viper in the top layer of the snow but he escapes into the year. it's snowflakes us. as a result snow in the lower. crystals. this makes the top most slide over the ground. the only way to fight it is to get them to move before they begin sliding down. whenever a weather forecast points to snow instab

arctic ice melts earlier and forms later, shortening the bears' hunting season.rlier, undernourished, or weakened from longer swims in the more open sea. bears have been spotted swimming as far as 60 miles from shore. some have suffered exhaustion and drowned in search of food or an ice floe. in 2004, polar bears were engaged in cannibalism in areas where there was little ice on which to hunt. by century's end, the summer arctic ice is predicted to disappear; so, too, would the polar bear. the warmer world we humans are creating has serious consequences. what is happening to polar bears is a preview of changes that will work their way across the globe. the longer we wait to act, the worse the consequences will be for our descendants.

other countries were planning to jointly develop the arctic but the deal collapsed as b.p. and other in his rather the russian partner they are opposed to the agreement despite this b.p. says that these often mistake about prospects we were not successful in reaching a set of commercial conditions there were acceptable to all of the companies involved i think the concept of a strategic partnership. is good for russia good for. the energy markets. good for all of the companies involved. it says it is still looking for a partner to help develop the arctic and as soon as this is as soon as here possibly and energy should minister sergei smoggiest radko highlights the nonetheless it triggered investor investor interest in the russian shelf and the peace chief is also positive about this so it all a lot of important economic news going on here in russia and being highlighted at day two of the st petersburg international economic forum. russian markets closed lower on friday sinking the most in two weeks as oil topped and they have four month low yes and a down point seven percen

in the arctic will be their toughest task. here reporting that russia is considering reducing its holding in a number of key state companies to blocking six state is looking into privatizing more of major roles now after being c.v. blank rule sell halls bank and power generating company reciter russia's plans to sell assets from more than thirteen hundred state companies without losing control in the key players. ever look at the markets here in russia they ended the week on the negative notes this was on the back of the climbing world prices and a strong second some of the individual movers on the my six most energy majors were losing with gazprom down one point three percent will snap also snapped four days of gains one of the biggest heavyweight losers at the close on friday despite boosting dividends for twenty ten by twenty. overall the week was very positive with both and this is putting on more than three percent since i'm qualified for all supply wraps up. this week was all boat all in gas surprisingly little people in

within the arctic circle is russia most point. being in the mountains has been hit by an avalanche rescue as of the kid regional rescue services received requests for assistance they do not know how long it will take them to reach the scene a lot depends on distance the terrain and weather conditions they have vivid memories of what happened to a group of skiers from st petersburg a few years ago. is one of those who know all too well the full force of an avalanche feels like. do as i approach the edge to get ready for the descent. you know i was knocked over with such force from my gloves and hat in the shuttle and everything became unfastened. i sensed i was tumbling down at top speed with an enormous mass of something pressing on me it was like being under a stamping press group but i cannot say how long all that lasted through i was told the avalanche was on the move for only four or five seconds but to me it seemed like an eternity was enormous blocks of snow and ice reduce everything in the path to smithereens they sweep awa

oil producer ross we have this holding its first big meeting after the death of the long awaited arctic deal it's now to decide what's coming next artie's the news but what's key is that the company's a.g.m. in southern russia. it may be warm and sunny for the a.g.m. here in the southern city of cross now our focus during recent months has been in the icy north of the arctic it's failed plans for a tie up with b.p. and the share swap deal cast a shadow over the company if the deal is dead or sniffed still has the task of finding a partner to explore the blocks it's acquired in the arctic heading up that will be a new chairman because sachin is standing down in accordance with the new russian policy of splitting politicians from jobs heading state run companies it's not all bad news for us nipped production grew faster than any other russian oil company currently it's pumping eight hundred forty million barrels of oil and twelve billion cubic meters of gas a year there has been also progress on rosneft improving downstream capacity it's taken germany's route oil will increase replying an

other countries were planning to jointly develop the arctic but the deal collapsed is b.p. and other in this rather russian partner they are opposed to the agreement despite this b.p. says that it is optimistic about prospects. we were not successful. in a set of commercial conditions that were acceptable to all of the companies involved i think the concept though most strategic partnership. is good for russia good for. the energy markets and good for all of the companies and. he says it is still looking for a partner to help develop the arctic and as soon as this as soon as this year possibly and energy.

in the arctic will be their toughest task. reporting that russia is considering reducing its holding in a number of companies so blocking stakes the state is looking into privatizing more of a major role soon after big t.v. bank roll cellphones bank and power generation company ross hydro russia's plans to sell assets in more than thirteen hundred say companies without losing control in the key players. if you look at the markets here in russia they ended the week on a negative notes this was on the back of declining oil prices and this from the gold some of the individual movers on the my sex most energy majors were losing with gazprom down one point three percent will snap also snapped four days of gains one of the biggest heavy weight loses at the close on friday despite boosting dividends for twenty ten by twenty. percent overall the week was very positive for both embassies putting on more than three percent of what's interesting call federal said bag wraps up the way. this week was all well and gas you know surprisingly

motion video or is a ski resort within the arctic circle originally it was meant as a place where the people of the town of killed lost could spend their vacations today tourists from across the country come to visit. and we were going there for ten days but trouble struck on the second. memories of what happened then are so vivid in young's mind but it seems as though it were just yesterday but in fact several years have passed since the accident in many ways that incident changed his life. if you look at the slope from below you will see a clearing between the trees as it is and it is there because frequent avalanches sweep away trees standing in their path i did not know at the time that the slope was avalanche prone. none of the people who came to that slope could even imagine the outcome. free riders make a special point of looking for wild slopes to ride over virgin snow. for the past ten years yevgeny clipper cough has taken groups of free riders on the city of your coast to the mom i passed on the southern shore of lake baikal. the lake to me it puts region is the world's larg

up project in the arctic but that fell through were darla's he says they were main optimistic. we were not successful in reaching. a set of commercial conditions that were acceptable to all of the companies involved i think the concept of a strategic partnership like this was good for russia good for. the energy markets. good for all of the companies involved. rosneft says it plans to find a new partner to help develop the arctic and energy minister sergei shako highlights the tie up nonetheless triggered the investor interest for this project and that's all we have time for from st petersburg stay with us on our. it with. you without see it live from moscow a recap now the top stories the russian president pledges drastic measures to create a woman investment climate in the country do centralizing power and defeating corruption are among the goals voiced by dmitri medvedev at the international economic forum in simply has been. no consent no catch us the congress members say they'll cut funding for the libya campaign unless the president gets the proper constitutional go ahead

in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies to blocking sticks the state is looking at so you privatizing more of a major ross nafta b t v bankroll said cause bank and power generating company ross hydro russia's plans to sell assets in more than thirteen hundred state companies without losing control in the. second to how the markets are performing at. crude oil is declining trimming the biggest weekly increase in a month that's on the back of stronger dollar might speed is trading at just below one hundred one dollars per barrel brant is a around one hundred ninety. in europe stock markets are mixed this hour footsie down a not so that points two percent stocks recovered some ground thirty on news the german parliament voted to approve future greek a still these gains limits it's a given worries remain about the strength of the global economic recovery. and here in russia both the arts yes and the my sex card down on no correcting the well off the f

they went into the waters of the arctic and plunged down to look at the titanic but what were the two russian many subs doing at the bottom of one of you works largest lakes. the greek prime minister is facing tough opposition as he tries to push through more cuts to persuade europe to hand over more billions and new bailout demonstrators gathering in the heart of athens want to prevent a vote on a stereo measures by stopping m.p.'s from entering parliament r.t. sarah ferguson is there for us. athens is widely expected to receive. packets from this year's same party is in fact european finance chiefs hammering out the details of that rescue plan at the moment that trying to prevent your area's first default opinions on whether greece is going to the folds of his payments very widely some people are saying that it's fantasy to imagine that will be allowed to happen now that people are saying really now it's a question of when and not. being happening hit on the streets of greece where here the syntagma square protests later on today you're going to see huge number of protesters taking

are you went to the waters of the arctic and plunge deep down to look at the titanic what were the two russian many so doing at the bottom one of viewers largest. a second rescue package for greece is once again on the table of european finance officials athens has already received one hundred ten billion euro in a new one will go hand in hand with even more crippling cuts forced on the public angry administering measures placed on their. side of the greek parliament which has been the epicenter of protest. athens is widely expected to receive. packets from its very same. european finance hammering out the details of that rest at the moment that trying to prevent your areas. people's opinions on whether greece is going to the folds of his payments vary widely some people are saying that it's fantasy to imagine i'll be allowed to happen now that people are saying really now it's a question of when and not a single thing happening here on the streets of greece where here this and tied with protest later on today we're going to see a seizure number of protesters taking to the streets they

zero in the arctic ocean. all this bill does is set up a fair procedure so that any company that wishes to drill a well where the environmental protection agency, the e.p.a., which should probably be renamed under the obama administration the energy prohibition administration, can go through the permitting process and get a decision within an adequate time period. our friends in russia are drilling wells in the territorial watters in the arctic ocean up there, our friends in norway are drilling wells in the arctic ocean in their territorial waters, we in the united states are, because of bureaucratic foot dragging at the e.p.a., refusing to even let one well be drilled. this bill changes that, it sets timetables, it sets standards, it determines where you measure the emissions. there will be some emissions when you drill a few well notice arctic ocean, but they're not going to be -- in the arctic ocean but they're not going to be extensive. this bill sets that you determine the emissions at the shoreline which

shelf this year ross nets had been planning to jointly develop the arctic with b.p. but the deal collapsed as another of b.p.'s russian partners. opposed the agreement despite this b.p. says its relationship with a.o.l. remains solid. not successful in reaching the very center of commercial conditions that were acceptable to all of the companies involved i think the concept though of a strategic partnership like this was good for russia good for. the energy markets. good for all of the companies involved. russia's major financial corporations systemic aside for a net for energetic and a jet expansion the companies planning to spend five billion dollars to buy businesses ranging from agriculture to chemicals c o a systemic more than outlines the cornerstones of strategy. how special strategy is very simple we have to return the cost of equity if we use the course for everything which in our case is about fifteen percent so that's the kind of returns we're expecting and we we have to do whatever it takes in terms of for investing in new projects and divesting existing

in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies looking states the state is looking into privatizing more oil major ross nafs bt bank roll sam has bank and power generating company. russia's plans to sell assets and more than for two hundred state companies without losing control the key players. take a look at the markets and here in russia they ended the week on the negative notes this was on the back of the climbing world prices and a stronger dollar if we look at the individual share movers on the my sax the most energy move was mages were losing with the gas from down one point three percent snap school days of gains it's one of the biggest heavyweight losers at the close despite boosting dividends twenty times. twenty percent overall the week was very positive with both the disease putting on more than three percent up this isn't coffee so it will sit back wraps up the week. this week was all bowed all in gas oh you know surprisingly little people i

released its presence in europe countries also planning to jointly develop in the arctic but the deal. there's been a bunch of news about a major deal that could become the agreement of the decade the failed arctic tie up between ross nafta and b.p. the other countries were planning to jointly develop the article about the deal collapsed is b.p. and although it is rather the russian partner they are opposed to the agreement despite his b.p. says that it is off to a mistake about prospects we were not successful in reaching a set of commercial conditions that were acceptable to all of the companies and i think the concept of a strategic partnership through this was good for russia good for. the energy markets. good for all of the companies and for. us now it says it is still looking for a partner to help develop the arctic and assume is this as soon as this year possibly and energy ship and minister sergei shrugs radko highlights the nonetheless it triggered investor investor interest in the russian shelf and b.p.'s chief is also positive about this so it all lot of important economic