and joining me now to discuss the development of this symbolic kind of research at deutsche bank russia thank you very much for joining us now firstly is the path now clear does this mean russia will finally become a full member of the. well we've had so many occasions where everybody really thought that it's all over the next session is really inside. the way it's happened . so it's still possible delays could take place. there was also a time when i think either in two thousand and search for truth. by a lot of agreement with the us was signed on w t o accession delays still happen so i think a lot of the people will be cautious in intra putting the most recent positive news flow even though it does seem like there's significantly more momentum now in the negotiating process between russia and w t o countries can you give us your view on any kind of a timeframe night when do you think this will actually go through why i think the most optimistic case this stage would be for all of the key issues to be wrapped up by the end of this year in order for the technicalities and the logistics

but jaroslav list of all the head of research at deutsche bank russia reminds us there's still potential for the process to go wrong. we've had so many cajuns where everybody really thought that it's all over the exception is really inside. the way it happened so it's still possible that delays could take place so i will remind you that there was also a time when i think either in two thousand and six or two thousand and seven by allowed all agreement with the us were signed on w t o accession the way still happened so i think a lot of the people will be cautious in intra putting the most recent positive news flow even though it does seem like there's more momentum now in the negotiating process between russia and w t o countries i think the most optimistic case this stage would be for all of the key issues to be wrapped up by the end of this year in order for the technicalities and logistics of w t o accession to be completed towards. the third quarter i would say for next year. and here in moscow the markets finished in the black on friday reaching their highest level in six months and

lower metals prices germany's dax is slightly up this hour with deutsche bank up one and a half percent on company results and here in russia markets are trading lower following downturns in asia the r.t.s. is losing a point seven percent of the my six. is half percent lower at this hour all the blue chips are in the red of the bourses although utilities and communications are trading in the black whilst telecom is up for sept. russian banking sector profits have grown twelve fuld in the first nine months of the year the banks made the banks made a net total of twelve billion dollars compared with just one billion in the same period in two thousand and nine russia central bank is forecasting that the sector net profit will reach sixteen billion by the end of two thousand and ten however the crisis is still taking its toll on many banks with one hundred seventeen still suffering losses russian companies listing on the world stock markets all but dried up during the financial crisis now there are signs the trend is beginning to reverse among others male dog or you have a nose there intention to go to the market told blackwell