china also burns more coal than all of the countries in the world combined. the deal with russia would represent 15% of china's energy needs and allows china to diversify the sources and in the long-term could help ease the horrible pollution problem from the burning of fossil fuels. what message does the china/russia energy pack sends to the united states? the state department downplayed it as a routine busy story. >> energy is a global market. and there are negotiations about deals happening all over the world pishly between major consumers and major producers, and that looks like -- it looks like the discussion was about exactly that. >> vladimir putin has been promoting his vision for a new russia that's second to none. it was on display at the winter olympics in sober. after outrage in the west over russian annexation, this deal raises the profile of putin and russia on the world stage. this is the biggest energy deal russia has made since the break-up of the soviet union. china is also unhappy with the united states. while it holds the largest investment in u.s. debt and is

russia is euro-asia power. china is working with russia to reconfigure raate the power politics. >> david, does this mean that russia's sort of conceding in certain ways that it's a junior partner? this is a country that's never been able to make, foipsz, consumer goods to satisfy the desiresr instance, consumer goods to satisfy the desir desires of its own people it's become a mine and an oil derrick for china. >> it's possible to over play this as a deal that has determined the future. i think it has the capability to do that, depending upon how it lays out. russia made some pretty serious concessions on the price side. at least that's what people think today based on the price of energy. >> may not be the case in years to come if this shale oil continues to reduce the world cost of energy. it might actually turn out to be a good deal from russia from that standpoint because the chinese, five years from now, may say we are paying too much. i would be cautious about predicting the cost of energy based upon this deal

there are also plans for a second pipeline passing through northwest china. russiand china have not always been so friendly. they almost went to war 50 years ago. and mutual suspicious may have been a reason why it took so long to sign a deal. a deal is the further reminder that china is the stronger economic partner. >> both sides need each other. i think in this sense, in this period, russia needs more from china, i think. >> reporter: both leaders stress relations have never been stronger. some ordinary chinese seem to go along with that. >> translator: japan is now very close to america, so china has to find a country to get closer to as well. that's why russia and china are very friendly. >> translator: although the two countries have had more cooperation in cent years there are still many problems between the two that need to be solved. >> reporter: what may be the biggest energy deal in history was completed on the sidelines. delegates included iran's president and leaders of the central asian republics. many are also russian gas customers. but no gas deal ha

russia china. big energy deal in history worth hundreds of billions of dollars cementing the historic relationship of the continent's giants. in the east of the country we get down to the front line to talk to the defense fight. at a road libyan general the country's lawmakers a militia group. detained twenty officials. from all of us here. welcome to the program. top headlines for this month. never before have relations between russia and china been a strong as they are today that's what president vladimir putin has declared the head of state is to travel to shanghai on choose day and a trip expected to yield some of the biggest trade deals of the century correspondents are in the region they report on how much both sides stand to gain. so here we are in the financial capital of china probably one of the capitals financial capitals of the world and we're actually looking for a summit which is kicking off on tuesday between central asian states and russia now one of the highlights of the summit as

we heard from both the leaders of china and russia that the cooperation between china and russia in the oil and gas field has been strengthened even further the historic deal between russia and china to supply the land of the dragon the with the russian natural gas could be signed any moment moreover it has been said that the war on signing the contract will be continued during today and tomorrow and shanghai so there's still plenty of time for the signature to be added on this agreement for russia this is a diversification of its energy markets especially in the times when europe was talking about possible sanctions against moscow for china this is a good chance to jump off from this huge dependency on coal in the industry the dependency which is taking human lives every year is giving a severe environmental threat and also some of the biggest cities in china are losing money because of air pollution so clearly this is a win win situation and this is not even the only contract which is which is on the agenda here in shanghai many other deals in all spheres from a response industry to c

i think china and russia. russia. has an advantage in energy in china as are the largest energy marketing the wall it's already thirty percent more energy than the consumption then the united states looks like a school to become twice as big as the u.s. in about ten years our saw saw i think that it is a strong complementarity between the two economies and i think what what's going on now is is very very important step forward and in this relationship if if the managed care for a would have become very big and what about what do you think china stands to gain other than simple energy supplies i think of the obviously china hopes their russian economy would do well china is advantages in mass manufacturing of consumer goods especially cheaper consumer goods and russia is a large consumer market so if the russian economy does well and it's helped china to to the two economies together with energy and with with manufacturing i think it could help each other large the global economy is not doing very well it's two percent

china and russia have reached an agreement over gas supply. the $400 billion agreement comes after a decade in the making. for china, the world's top energy user, it secures a fast source of cleaner fuel, while for russia, it opens up a wider market as it is losing customers in europe over the crisis in ukraine. the details. >> the detail is signed after 10 years of negotiations. a 400 and china inked billion dollar agreement. starting in 2018, gazprom will gasrise -- supply natural every year, one quarter of what china consumes. this will last 30 years. negotiations were delayed due to a disagreement over prices. they believe that international circumstances may have pushed russian negotiators to accept a compromise. diplomatically speaking, this comes at a very good point in time. right after the discussions gast whether or not deliveries from russia to europe would be disrupted, so it is a good thing for russia to appear more independent. tobut russia will have invest. it needs to build a new pipeline to link china to carry gas from western

china as well as we. mentioned for your view was that russia is also going to be over annoyed by why you china it's worth thirty billion dollars and then there's also lots of books and other beautiful grown looking russia. korea. all these have been you know spoken of war for a long time because russia has a nation identity and russia also in this budget are you region union and is thinking about strengthening and uniting the eurasian landmass which is of great strategic and doing comic significance to the world and so i think this is not to be read your lead in terms of a counter to western sanctions in ukraine but in a more wider broader context where russia even a very energising all these relationships and these interlocking web of our mutual economic benefits that will link russia closer to asian countries asian powerhouses and in the long run here is an alternative to the u.s. dollar and to american hegemony over europe. russia has the resources of course china has the demand but if the track that if you show decades ago they were two enemies you know but remember russia and china have settled their

materials and that's what china is missing that's what china that's what russia office china and china doesn't function without those inputs to its factories i mean what the western countries are offering a high technology and finished goods but russia has the raw materials to make the chinese economy work without which it won't be able to function and compete so they have been concerned about china's economy have made you think perhaps countries could perhaps become too reliant on china at this stage. well it's big and i think the problem is this remains an emerging market. democracy it's not a free market in the sense that we have in europe and the history has been emerging markets have crises and china hasn't had one yet so i think it's some point china is going to have a crisis and when it does the whole world's going to be affected it's going to be very nasty i mean worryingly the banks are overextended worryingly property market is down in china and they've got to manage this happily they have this enormous cash cushion so hopefully they can always engineer a soft landing but it'

to fuel over a billion people russia and china ready join our t. in shanghai for the deal of the century. russia china relations sort of previously unseen so says vladimir putin as he prepares to head to shanghai to strike some deals. ukraine's interim authorities want to u.s. nuclear to be one of its main fuel supply is but fears are raised its compatibility with the reactors could lead to a catastrophe. in trade in washington as the u.s. and the e.u. big business agreement of all this criticism that big corporations are really the ones driving the agenda. very well welcome to you from all of us here at the international on. monday morning headlines never before have relations between russia and china been a strong as they are today president vladimir putin has declared the head of state is to travel to shanghai and choose day in a trip expected to yield some of the biggest trade deals this century. joining me live with details here certainly russia and china getting cozy cozy. indeed right now in shanghai china's financial capital probably one of

russia has ample gas. china is going around the world looking for energy where it can find it, but as i implied there is more than politics here. these are two major powers pushing back against the united states and the west right now. >> this has to be seen as a marriage of converging interest, not enduring love. the sino-soviet relationship is a troubled one over the years. they have fought wars, their borders are quite unstable, but circumstances now make the deal right. putin has wanted this deal for a very long time as an eastern market for his energy. i subject when the price is revealed china got a good deal. we'll see here. >> does this hurt the west, particularly the u.s. trying to impose greater sanctions on russia because of its incursions into ukraine now that he has breathing room? he knows somewhere that gas can be sold. >> i think both sides, both parties seek a strategic advantage. putin wants a little elbow room to the east as he gets squeezed on the west. i think china wants a bit of push back

china. there's a question about whether russia is ready to open up its commodities to the chinese. they have been anxious in the past about doing that because china needs it and russia has a limited supply. he is even addressing that. >> the russian president took a victory lap after that chinese deal. thank you very much. about fashionk and luxury and things i cannot afford. we will have the chief executive officer of robert work associates. is with us.hormatz is the former under secretary of state for economic growth and that barely describes as a compliment in international relations particularly at goldman sachs international. it's wonderful to have you with us today. my head is spinning with things to talk about. we need to speak about ukraine. with all of your research, does mr. putin have any voice with the separatists in eastern ukraine? >> he has some voice but it is not decisive. he called upon them to do a number of things and get out of certain areas that they occupied to not go ahead with the referendum that they had in eastern ukraine on independence from ukraine. they

china seas. two banks in russia and the bank of china is making waves. both of these two banks agree to do business with each other in local currency instead of u.s. dollars the way most international trade is done today. i'll have more on that in a bit. but first russia's pivot to asian energy markets will spark competition from opec oil producers, and we have that story. >> reporter: russian president vladimir putin is in shanghai courting the russian energy sectors' greatest hope. china, asia and beyond. >> russia and china has established a corporation committee that will continue to push forward corporation in investments as well as promote major business insensitives. >> reporter: russia and china are said to be close to signing a $400 billion deal to pipe natural gas from siberia to china's expanding markets. for russia the stakes could not be higher. china's gas consumption is expected to double by twenty20. and right now china consumes 8 million barrels of oil per d day. forecasters predict it will rise to 18 million barrels per day. but now the

china and russia had some problems in the past day writing some chinese observers you inside china are also seeing you know hala reliable hard transfer see is russia as a partner but what i see at the moment is for for the time being do you follow each need the other side because posts are freezing pressures from the western china especially has a very ambitious plan and you need a neighbor who needs russia's support. dr jen she was a professor of contemporary chinese studies at nottingham university mr wang thank you very much indeed for your time so enqueue and we'll be keeping covering the russian president's visit to shanghai orion here on r.c. international keep in touch for the latest updates and of course for expert opinion analysis and more. to fuel over a billion people russia china ready join our t. in shanghai for the deal of the century. to ukraine now where the phase of journalists captured by pro-government forces is causing growing concern we're still trying to get word on the whereabouts of graham phillips a british journalist who has contributed to see reports from the

they can set their true foot on one, one foot on russia and one foot on china. then with the situation, situation changes, they can select one. so in that case, russia may support more military support to north korea than before. that's what i believe. >> thank you. >> thank you, dr. king. thank you, general jung, for your great remarks. i think it is the remarks that you made about the allies are very, very important. and there's nothing that you said that i could possibly disagree with. it is good to hear particularly on capitol hill and in america for you to outline how strong and important the allies is. i don't think we can emphasize that enough, so i thank you very much for that. there are many issues that i think we could discuss, but i will come to one question. i would just like to mention, i think readiness is important to i think the command structures are important. i think the conditions based for transfer is very important. i do wonder, you know, what is a better command structure than the combined forces command. my opinion is i don't think there's

international for me and the whole crew here in moscow welcome to the program china and russia have agreed to vos least strengthen ties as their respective heads of states meet in shanghai foremost among what they agreed is an energy understanding by moscow will supply china with siberian oil and gas also on the table to deals relating to space exploration technology and military cooperation economist and strategist roger nightingale explained he things that moscow and beijing and natural partners. china is the country that has. a huge surplus a country with a surplus has to invest overseas the really big player in the world in the years to come is going to be china and i think it's inevitable that russia and china do a great deal of stuff together perhaps that there was a political angle so this is perhaps the russians are saying to the europeans and i have to say i would think they're justified in saying yes you should mind your own business about the ukraine and we will underline this point by doing this deal with china. and in just a few minutes our correspondent. bringing all of us th

. >> at a time when the chinese relations are strained, china and russia are growing closer, this is a day after the united states accused chinese officers of spying. >> they are unlikely to be handed over the government but china is feeling angry and mu mill yated. the united states made up the facts of stealing secrets online. this seriously violated the basic principles of international relations and damaged chinese u.s. cooperation and trust. >> beijing accused washington of double standards saying that the united states is guilty of what they are achewing china of. a building in shanghai, a united states security company is satisfied it is the source of many of the cyber attacks. the u.s. is saying that the targets are including businesses in the steel industry, untrue says china. these latest indictments are coming at a time of growing friction between the united states and china, but as ties between moscow and beijing are growing. putin is in shanghai and saying that the relations have never been better. president putin is isolated on the world stage but among friends here. the

russia and china vetoed a u.n. ncil resolution today, asking the international criminal court to investigate war crimes in syria. the u.s. and 60 other nations supported the proposal, offered by france. russia argued the focus should be on a political settlement, but u.s. ambassador samantha power condemned the veto. >> sadly, because of the decision by the russian federation to back the syrian regime no matter what it does, the syrian people will not see justice today they will see crime, but not punishment >> ifill: this was the fourth time that russia and china have blocked u.n. action in the syrian war. elections for the european parliament began today, with far-right parties looking to win big in a backlash against austerity measures. voters in britain and the netherlands were the first to head to the polls. the voting runs through sunday and spans the 28 member nations of the e.u. 751 seats are up for grabs. toyota is adding to the parade of auto recalls. it's pulling back 370,000 older model sienna minivans i

a relatively cheaper price offered by russia and a pledge from china not to impose an import tax on it. analysts say a global drop in gas prices likely pushed russia into signing. the agreement is game changing. it will help ease chinese gas shortages and curb its reliance on coal, and it also deals a blow to the west, offering russia breathing space from sanctions imposed over ukraine. the deal is due to come into effect over 2018. >> an amazing amount of cash will be changing hands. we asked our moscow correspondent about the economic significance of this megadeal. >> like you said in your intro, i think this is a real game changer. russia has been up against it. it has been delivering gas to europe, but europe has been saying it wants to diversify away, and suddenly overnight, they have a major significant new customer who is going to take as much gas as they can possibly sell to them. the $400 billion it will earn over a decade billion is an upfront payment comes as a -- at a very useful time for russia. >> what about politically, diplomatically? the u.s. says putin is isolated ove

supply from russia and china could be increased. as well so obviously this is a huge deal which not only paves the way for much stronger cooperation between russia and china but also to. deal of different domestic projects. will be explored. minutes ago and this work will start tomorrow according to the russian president he also said. deal it's been negotiated for almost ten years and even here in shanghai everyone thought that it could have been signed on tuesday but talks. into the night in the final agreement was reached four o'clock in the morning local time so you see how hard it was to negotiate but no one was able to confirm that the price which china will pay for the russian gas is satisfying both sides. have calculated the prices undisclosed by the officials of the russian president but my colleagues estimated that this should be about three hundred fifty dollars for a one thousand cubic meters of natural gas the deal is. very important to my colleague tell you more on how crucial this deal. both sides. there are smiles all

pivot to the to aging as well what kind of relationship is china in russia going to have moving forward. well i think. china is looking for a sphere of influence and china is a rising power as this is having a lot of lot of success and lot of it is causing a lot of irrigation in asia pacific russia russia has a different perspective russia has always been a great power russia was a superpower in the soviet union was and in the russia is is as you point out in your in your interview at the russian perspective is that it has been ignored his interest has been ignored interests have been ignored and there were certain policy that the united states did not abandon in the aftermath of the cold war that when they do expansion and you know nato expansion needed expression is it expansion i remember reading the summer books after after the collapse of the soviet union with a bit where we have we had given. assurances that nato would not expand would not come to russia's border borders and then we just went ahead and do it so from russia's perspective containment is

russia had a energy deal? are they leakin linking up? >> this is about china, not russia, if china does not get away from this grime agreement y might disappear from the map. >> reporter: analyst said it is clear that president does not see the dangers in the world today, dangers of russia and china. >> this is -- not what he said but what he didn't say, two words he oh oh, mitted, -- omi, one it crimea, he talked about russia invadeing space. obama was bragging about isolating russia. that is one problem, but a 6 word he omitted, still, america is still the most powerful army, but trend is going down. it is not as powerful as 20 years ago, it is important to know while america could be still number one, but it is rapidly losing ground. neil: president said, that our president said, look, we're winding down these wars, i came in with 180,000 troops committed, when i live down less than 10,000, i am downsizingu international role, more or less kudos to me, this is the new america, we don't get involved. >> yes, but that crisis, this south china sea or in crimea

so it's all about, yes, closer ties and trading ties, economic ties between russia and china. but it's interesting because, you know, we've been obviously focused on this -- off the back, again, of the tensions between europe and -- certainly western europe and russia. looking at these individual stories within europe about ways that these countries, european countries, can wean themselves off, if you will, of russian gas. remember, a third of europe's gas basically comes from russia. so as europe tries to wean its way off, it makes you wonder now if russia will sort of go, you know, don't buy our gas. that's not a problem. we've got china. a $400 billion -- >> there's always going to be a market for the energy, isn't there? >> that's a thing. >> they realize they can turn another direction. >> that's very true. >> it's also a reality western europe knows it cannot depend in the way it used to think it could on a short flow of that energy. >> they're worried, if you will, the tensions still, we've seen in the past where russia has turned off the taps over spats with ukraine, fo

russia and china inking a $4.5 million gas deal. a middle finger to us and china owns more than $1.2 trillion of our debt. as long as we keep spending they'll always have our number. he is colorado state treasurer. i'm looking at that deal saying wait a minute. i see a lot of people who aren't too friendly to us scoring their own deals and own partnerships and own arrangements no matter what we say to protests. what do you make of it? >> the bottom line is how can we as a power superpower on the world stage hope to wield power and influence when these countries have us in a vice grip. we have a trillion dollar iou hanging over our head and clearly these countries have demonstrated they're willing to act in ways that are not helpful to u.s. foreign policy interests. you have russia annexing large swaths of land in the ukraine. you have in the case of china cyberterrorism at some of our fortune 500 companies and what do we do about it? awfully little. >> i always look at this as a different deal. china gets what it wants. needs energy

both china and russia feel under increasing pressure from the west and it might be the final nudge too their deal. the two sides share common interests. china needs to secure new sources of energy to be sure it can power its growing economy. notminder that they would -- that they want clean fuel. >> this benefits because they need to abide. we have an economic partnership. >> the deal will not affect russia's energy supplies to europe. this will come from new fields in siberia. the pipelines have to be built. it will take three years at least. of all thatolism matters. president cute and leaves here with a significant deal in his pocket. is worth more than money. the west is trying to isolate him. he is building a powerful new relationship here in the east. >> president cute in doing that asia hit it. i spoke earlier with nick from the eurasia group. that he did not see any relationship between what is happening in ukraine and this deal between china and russia. do you think he is right? >> yes, he is right. this has been in the works for the better part of 10 years. i don't think it

vladimir putin china, $400 billion as a gas deal with china and russia, strategically advantaged. sanctions pending in terms of impact. >> it a lot more than a deal of china buying russia's natural gas, it is potentially an alliance between the two. they were economical, political, military. so for 40 years we have enjoyed the united states economic political and military dominance in the world. it's about to change because of russia and china get together not only selling each other that's come out of china developing the energy resources, china developing and selling to russia other goods and russia buying chinese technology, you could see a relationship between the two were they reach an alliance. and it is an anti-american alliance. lou: and anti-american alliance and what is your instinct about what the consequences will be as a result? >> i think much about what it's wanted. see some part of ukraine. >> all of this discussion, talking about this in the obama administration's foreign policy. that speaks very loudly. >> yes, absolutely. >> thank you very much. lou: a reminder t

sunscreen you are very important transactions one is to build one live rich between russia and china if that is going to really unleash will to export from russia into china secular enough from joint investment to tourism funds to a low value of course and the third investment is invest in logistic sector which we believe will grow dramatically between from one two billion right now built two hundred billion by two thousand points like twenty thousand but nothing. to us. by ten to twenty of us adding if there be many different and it is for example there are a few all you have to trust the i.c.t. took normally just possibly a b. become stronger the polish book becomes stronger and so trying to. make expansion are still at a cost that cost these are police and i don't times you can see a grave mistake in the areas known as small that's incredibly damaging full force of agriculture for the people of china posing primitive that is legacy systems such as not home is the seventy percent of the time and energy needs that's more than the rest of the body comes by now china wants me to look a

china. it has an appetite to feed the growing economy. it would allow russiaant our energy? that's fine. we found someone else to buy it. russians have been scrambling to finalize the deal with china. they know that serious cracks have emerged in moscow's relationship with the west. >> steve with the report. >>> from eggs to sand. one artist is using her sand and a light box to make her approach to violence spreading across the country. here's her extraordinary story. >> as a person of art, i never felt weapon and war is way to to talk to each other, never. after everything happens, my message is love. this for me will be the same. ukraine, russia, jupiter or moon, really. for me it's still an amazing place. the city i will never give up. i will always be happy here whatever country it is. when i looked at the events which happened in the parts of ukraine or actually in any place, when i occasionally see the news, i get upset. first of all as a mother. i have a son, and i can see him in his future whoever he can be. not a person who is engaged in violence. i a

linking russia to china began operations russia is expected to export fifteen million tons of oil through the new pipeline each year during the next two decades that's roughly three hundred thousand barrels a day russia over took saudi arabia as the world's largest oil producer and two thousand and nine. now what should we do about our prolonging and difficult crisis recovery what to do well we have an exciting guest on the show today who has got walk us through his perception and take away yeah as you know we're in the middle muddle through economy monetary policy is struggling at best with new fiscal stimulus seems off the table so there are other solutions professor mirror has policy prescriptions to credit bubbles focusing on household debt and the structure of mortgages soupy is a professor of finance at the university of chicago booth school of business and he describes these ideas in his new book house of debt which comes out in the beginning of june he's here to give us his thoughts on all of this welcome to the show professor. thank you very much and thanks for having will person

speak in a sunscreen you are very important transactions one is to build the bridge between russia and china if that is going to really unleash will to export from russia into china secondly be announcing joint investment into tourism funds to a low value of course and the third investment is invest in the logistics sector which we believe will grow dramatically between from one to billion right now but the hundred billion by two thousand points like twenty times because. by ten to twenty of us having it there be many different and it is for example there are the few that all you have to just put to the i.c.t. took normally just. become stronger the polish book becomes stronger and so china is the heat make expansion as to what it cost and that cost base police in those times you can see a grave mistake in the areas known as small that's kind of a damaging pull aquaculture for the people of time and closing primitive that was a system that's was not home to the seventy percent of the time and energy needs that flowed in the rest of the bible come by now china wants me to look at peak energy

. >> for other news pertaining to russia, there has been progress, but no final deal between russia and china in what is being touted as a first of its kind eurasian energy partnership. it would be worth 300 billion euros. >> moscow has been deepening ties with beijing. >> russia wants to lay down a major gas pipe deal that will guarantee booming chinese industries energy security while locking in a big slice of global demand for moscow. >> russia and china finding the sales together. xi jinping and vladimir putin put their signatures to deals on transportation and infrastructure. today also sees the start of joint naval maneuvers in the east china sea. >> cooperation between our two ministries and militaries is very important. cooperation is significant in maintaining regional and global peace and stability. >> but the crowning deal was still missing, a contract for russia to supply gas to china for 30 years is being held up on a disagreement over price. moscow's state run gas company could provide energy until 2018. they want to finish the deal quickly. but that gives beijing leverage. chin

>> the china relationship is key for russia. china is becoming number one economy in the world. a very strong basis for trade between russia and china right now. strong fundamental reasons to have this relationship. >> plus the chinese don't complain about ukraine. >> china and russia signed agreement against unilateral sanctions. unilateral sanctions are nuclear weapons that can make the economy of the world explode. also there is three deals we have done in china. believe the investments will go romantically and the gas deal is important not only because of gas supplies to china, but we are looking at a $9 billion petrochemical plant that will be enabled by this contract. it will enable lots of investment. could the russian government give you 10 billion to: best for foreign investment -- to coin vest for foreign investment? >> we have up to 8 billion that could be contributed to infrastructure. >> this is new money that would be made available. capital and ity would allow us important projects. one is to increase internet penetration in russia. another is a russian grid syste

. >> greatest hope, china, asia and beyond. >> translator: russia and china have established an investment cooperation committee that will continue to push forward our cooperation in investments, as well as push forward investments in the energy sector. >> russia and china signed a $400 billion deal to pipe russian gas to china's centers. russia wants to pump more oil to china too. forecasters predict chinese demand will raise to 18 million barrels a day over the next two decades. but the impetus to do a deal now is the crisis of ukraine hitting russia against the u.s. threatened to target russia's financial institutions. plus there's talk of weaning europe off russian oil and gas. it won't happen overnight but the russians see the writing in the wall. russia needs to secure new markets in asia, but russia will find itself in competition with opek. after years of war and decay, iraq is redeveloping oil fields and wants to triple its output to 9 million barrels a day within three years. meanwhile, should economic sanctions to russia be lifted, the official line from pol opecs there's room t

russia and china. at's a huge deal. >> that is, man. that's big. >> okay. but -- >> you know, mike -- i was just going to say, mike -- i'm just saying. talk about how much our world's changed, mike barnicle. you remember this. the fear was china and russia coming together and we face that in korea, we face that in vietnam, and what we're facing now is china and russia, the danger of them coming together not, you know, moving weapons and tanks across the borders. now it's pipelines, it's oil, it's energy. it shows how much the world's changed. this a great challenge to the united states. >> joe, this is a great challenge to the united states. it enhances the economic stance of both countries. russia is a low-growth economy right now. this is a 30-year deal that's going to put literally billions of dollars into their pockets. in the meantime it's going to increase china's economic strength as well by getting low-cost energy. >> we'll talk about this in just a moment. but first president obama is vowing ac

china. >> russia plans to turn to china for money or ask for investments to compensate with what they're losingwith sanctions in the u.s. and eu. andyou willing to pressure urge your chinese counterparts not to go along? range ofk about a wide topics when we meet. i will bring topics central to the u.s. agenda and raise topics of concern with them. we have made the case consistently wherever we go that is unacceptable for russia to violate ukraine's sovereignty. when other countries in the world take action, it's important for them not to be back. >> and we would not be happy. >> it's an argument i make wherever i go. >> you will make it in beijing. >> we will talk about a whole range of topics. >> let's talk about luton and ukraine. have tougher sanctions. would they apply to a wide swath of initiatives or be more targeted specifically? this has been very carefully determined and quite affect his. people inen targeting the russian government, senior executives and ceos at some of the largest manufacturing firms that are very close to the government. we are prepared to go further down this path

one, it's the message communicated to the global world, that if you are in china, russia and a hacker, unless you want your face on a most-wanted sign, you may think twice about hacking into the u.s. america will put their muscle behind enforcement. the other thing i point out is for u.s. businesses, this is a big spotlight on the fact that companies, individuals and organizations hacking into businesses, unless you put the resources to putting your strayed secrets and data, you are likely to be a victim. >> the department of justice said these will be part of the new normal. do you anticipate that being the case? >> i do. what i have seen in the type of work i do for the better part of a decade the trade commission has been enforcing against u.s. businesses for not sufficiently protecting data in their control. and the ftc say they will continue to enforce in that area. what i think we are seeing is another side to the arsenal. now the d.o.j. is going after the checkpoints, where are the sources that are causing breaches to the u.s. businesses, and go after the choke points which may

so why not shut it instead of suffocating and turn the other way and the number one reason russia has gassed china needs gas your in the now. when one door closes another one opens the saying goes president putin will turn in the direction that is available to him. and that's exactly what russia is doing moscow and beijing are aiming to increase annual trade to two hundred billion dollars within five years they're also moving closer to a huge gas deal that has huge potential in fact to become the largest trade deal in history two pipelines are already in place and another couple are either planned or under construction one is in siberia the other in the far east gas will flow all the way to vladivostok liquid natural gas terminals which can then be shipped anywhere in the pacific joining us in the now is katie pilbeam she's in shanghai can you tell us why does china need russian down. well there's two main reasons really one of them is the fact that it's a one point three billion people population and those people feel hungry china is the biggest consumer of oil and gas and obviously russia has ot

now some of the details of that gas deal yet to be worked out but russia and china have settled on the basics and here they are now the agreement is worth four hundred billion dollars for thirty years of gas supplies russia's promise to pump thirty eight billion cubic meters to its neighbor and nearly with an option for more now the price wasn't officially revealed but it's thought to be similar to what europe pays the so-called power of siberia pipeline which is still under construction will be used for much of the gas. else well marty dot com the great lakes are in danger activists in michigan protest against canada's decision to build a nuclear waste storage facility less than a mile away from the water also. caught on camera two california policemen involved shooting today suspect in what critics say is excessive use of force for this dramatic episode r.t. dot com. now taliban fighters have kidnapped twenty seven police officers during an attack in northeastern afghanistan it comes as the taliban have begun their annual spring offensive with the security situation in turmoil and in

talking about the pivot to china, russia and china are pivoting together with the gas deal coming uphem boost their economy. that is going to make china stronger and we are busy over here, not passing the keystone xl pipeline, not looking into fracing, et cetera. we need to be strong, both domestically and the international scene. >> let me ask you all to stick with me, we have two breaking stories, as you know today. i'm going to take a quick break, when we are back, we want to speak to a witness to the rampage in california. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ oh-oh, oh, oh, la, la-la, la-la, la-la ♪ ♪ na-na-na, na-na-na-na-na some things just go together, like auto and home insurance. bundle them together at progressive, and you save big on both. ♪ oh, oh-oh, oh, oh hey, it's me! [ whistles ] and there's my dog! [gasps] there's my steps! i should stop talking. perfectly paired savings. now, that's progressive. it's the trusted resource. and now, kbb.com has a whole new way to help you decide on