to discussed another very important issue with brassiere which is the european gas supply policy gazprom russian gas supplies well why could they have this problem so directly by gazprom and european customers this it means that it's more a political problem russian gas in europe. well it's not a secret there we are. or be disturbed. disturbed by. by some regulations implied by european commission that in our understanding. come in contradiction with existing international law and sometimes. that. faces the past so that can effect the past obligations. now i mean one link procedure in terms of those who produce. one's will transport it will card ones who consumes huge horribles the division between the us. well we are deeply convinced that the number one link procedure. is not good for the future of this sector he would you will not benefit the final consumers in europe because it will only lead to higher prices to higher invoices that people are receiving in their households the sector of energy is a very expensive sector in terms of investments and smaller companies divided companies s

gazprom selects the miller explains how the deal will work. soon but is not on them according to a memorandum will get fifteen percent of the project so will stay with its fifty percent share. will gain its share from the need it needs a limb random also includes new long term good supply only contract is not on because of that he said it but he said while it prices are slightly lower wait by uncertainty about the demand from the world's number three consumer japan persis tensions in libya still give support to crude analysts say tensions in the region may lead to further oil spikes in the short term but there are no fundamental reasons for the moment by prices should remain permanently high. and you could go short so. i size you could think in other words you can even see the height of the room into films and eight. of them i don't see are we going to see images like a movie it unless of course things are really too extreme scenario we see libya's oil installations destroyed and the risk premium in the oil price might be time from now on a fe

s has agreed to join gazprom and italy's any in the twenty one billion dollar project to bring russian gas to southern europe hooter's holes involvement could ensure support for the south stream project from the e.u. including a long term supply contracts gazprom is also in talks with electricity a day for all its regarding the potential role in the project oil prices are steady weighed by uncertainty about demand from the world's number three consumer in japan but persisting tensions in libya could still give support to a crude analysts say tensions in the region may lead to further oil spikes in the short term but there are no fundamental reasons for the moment by the prices should remain permanently high. we could go short. as high as you could think in other words you can even see the height of the room into a thousand eight. i don't think we're going to see a major spike committed unless of course things go really to its true scenario and we see libya's oil installations destroy the risk premium in the old friends of mine right the time from home few months we just hope that it's

we have gazprom which invested in some baltic republics and now it is being forced . in accordance with our bundling procedure to sell its premises to sell its actives in some baltic republics certainly it's something that we can hardly stand and something that does not contribute to atmosphere of mutual confidence and for the development. of all corporation bringing it to new levels so you know the question. again is that recently putin said that gasp should tree domestic customers as far as the cost is according to to the so-called take or pay principle doesn't that mean protectionism does this preferential treatment doesn't contradict the w t o rules. well certainly we have a transition period in terms of oh a negotiation is for w a q and we are on the way of equaling domestic crisis for the international press as well but let's not forget we have been in we are still only cordons with our constitution a social state. so you know first of all first of all we have all of the gender and first of all we have to care about the demands of our own nation and then about o

has agreed to join gazprom any ailey's any in the twenty one billion dollars project where a russian gas to southern europe where there is always involvement could ensure support for the south stream project from the e.u. including a long term supply contracts gazprom the right say miller explains how the deal will work. so what is not on them according to a memorandum. will get fifteen percent of the project so the council will stay with its fifty percent share. and will gain its share from any remember random also includes new long term gas supply contracts that the oil prices are slightly lower weighed by uncertainty about the demand from the world's number three consumer japan but persis tame tensions in libya still going to support the current analysts say tensions in the region may lead to further oil spikes in the short term but there are no fundamental reasons why for the moment prices should remain permanently high. they could go short. as high as you could think in other words you can you can see the height of the of them in two thousand and eight but. i don't think we're g

and now russia's gazprom and germany's which is all have agreed to explore and jointly develop gas fields in the north sea but this hole which is a ready involved in the north stream gas pipeline project will also take part in another russian pipe and development south stream this month the company has started a new drilling operation on a small oil field in germany artie's but in a question about is that there were just all the oil facilities in northern germany to tell us more. what you see behind my back is the beginning of the new drilling operation led by a german oil and gas company adventists called the company is planning to drill sixteen new shells to maintain the current allowable production of this very filthy knowledge germany doesn't have enough reserves on different potion of crude oil produced within the country with a level of consumption is a relatively low that's one of insist on is quite active abroad now it is a pawn not in gaza sprawl allowed project nor stream and this is a project where a pipeline of. transport russian gas across the baltic sea into germany and curr

russia's gas giant gazprom receptive all of the convicted gas fields which has not resulted to call from global demand for up to eight years worth of business interests minutes. and. u.s. has begun repositioning it ships in the mediterranean triggering speculation of a nation to invasion of libya it comes as british planes have reportedly been moved to an air base in cyprus for a possible operation maybe is a long time needed to adapt the remains the siege in the capital tripoli with opposition forces nearby of course the has more from neighboring egypt. what we're seeing at the moment is the united states navy moving their fleet into the met in the mediterranean into strategic positions around libya now this comes after the u.s. secretary of state hillary clinton said this nothing was off the table when it came to libya raising some concerns of outside military action taking place in the country now the british prime minister david cameron has suggested that he would support arming the opposition forces arming those forces opposed to colonel gadhafi he also threw his backing behind the

is lower for the third day retreating point seven percent at the start of the trading gazprom is burbank and noise can make you falling and the noise next opened a little later is losing less than half a percent this sell. now to other stories russia's gas from germany's going to troll have agreed to join to develop gas fields in the north sea it will be the two russians giants. gas giants first effort in the region the deal will help gas from crease its presence in the european supply market analysts say it's a long term prospect development a start no earlier than five years from now gazprom and a unit of chemicals. already called great on several projects including exploration in the u.k. and in russia siberia. russian energy giant lukoil has reported a twenty nine percent jump in annual profit helped by rising oil prices the company's net profit rose to nine point one billion dollars while sales increased by twenty nine percent to one hundred five billion dollars look to the production of oil and gas that's available for sale by one point two percent last year the all major says high

and staying with gazprom the company will finally be able to develop the giant convicted gas field which has not first that's to cover global elites for up to eight years russia's girls giant has successfully brought all assets of a bankrupt convict operate a riskier petroleum in a deal worth around seven hundred seventy million dollars the deal will allow a cast from to help secure the liver is to china after a pledge to deliver thirty eight billion cubic meters of gas annually to beijing in starting from twenty fifteen. let's have a quick look at the markets asian markets were high on tuesday held by monday gains on the wall street and gross misstatement while price in tokyo. one point two percent from the hang seng finished point three percent higher although it was way too high a sharp decline in h.s.b.c. shares if you crystal least five percent after h.s.b.c. as last year profit fell short of analyst estimates on monday. and european markets have extended their rally in a soon to a third straight session on tuesday miners and ordered stocks up posting some of the biggest gains while

russia's gazprom in germany is winter's haul have agreed to explore and jointly develop gas fields of the north sea which is whole which is already ruled in the north stream in the north through the gas pipeline project but also in another russian pipeline development south stream this month the company has started a new drilling operation on a small well filled in germany. is a whole world facility in northern germany tell us more. what you think behind my back is the beginning of a new drilling operation led by terminal wall and gas company adventist college the company is planning to drill sixteen new shells to maintain the current. production of this very filled now germany doesn't have enough reserves under the proposed all the crude oil produced within the country with a level of consumption is a relatively low that's why of insist on is quite active abroad now it is a pod not in gaza sprawl allowed project more stream and this is a project where pipeline. transport the russian gas across the baltic sea into germany and currently there are two pipelines dropping constructors thi

has agreed to join gazprom any good elisa any in the twenty one billion dollars project to bring russian gas to southern europe which has holes involvement could ensure support for the south stream project from the e.u. gas problems alexei miller explains how the deal will work. soon but these new according to a memorandum. will get fifteen percent of the project so it gets promoted stay with its fifty percent share. of its share from the memorandum also includes new long term gas supply contracts that he said it but he's the oil prices are slightly lower weighed by uncertainty about the demand from the world's number three consumer japan but persis intentions in libya still give support to crude analysts say tensions in the region may lead to further oil spikes in the short term but there are no fundamental reasons for the moment by prices should remain permanently hot. we could go short. as high as you could swing in the woods you could even see the height of the woman in two thousand and eight. i don't think we're going to see a religious point committed unless of course things go rea

to take a look at some of the individual stocks energy and banking stocks were the biggest losers gazprom getting three percent bank another three percent lukoil. it's down three percent at the close and the decline in the crude couple of here with us net profit for and short of expectations. this perception is turning more more more negative and is hurting. the markets so this is a shift from emerging markets to developed markets and author hurting our basically the high oil price for a very positive for russia and that's why russia has been the best performing emerging markets this year and i do not think that what we are seeing today is the beginning of a new trend where russia underperformed performs i think just a collection of leading american businessmen gathered in moscow to discuss u.s. russian business relations and one of the key topics on the agenda was localization in the car industry in russia that's a promise from investors that sixty percent of each car made in russia will be built with a local manufacture parts andrew saunas chairman of the u.s. chamber of commerce nation

of the biggest gainers two and a half percent energy majors also including gazprom one point two percent of the territory but burbank was down zero point four percent price of gold is a new record highs investors turned towards the precious metal in times of uncertainty silver is also in demand half a percent to thirty four dollars eighty four it stands. severstal is seeing three steel plants in the united states go for sale for two hundred twenty five million dollars but he said the private holding firm the group has agreed to by warren wheeling and sparrows point facility is owned by seven stone of america the deal may be completed already this month and will include a cash payment and securities. high court of london has rejected telling those to post photos of them become shareholders meeting to approve the deal just in these wind and it's over twenty ten will come signed a deal with wind. and then they get so we it is in a bid to create the world's fifth largest mobile operator by subscriber numbers however no way is telling all which is holder said it would vote against the deal ar

hello and a very warm welcome to the business update gazprom has boosted its gas supply to italy by up to two and a half times the normal level us the country was caught out from with sleep and gas supplies a gas giant says a daily pipes forty eight million cubic meters of gas to italy that's up from thirty million a week ago because they didn't seem enough from the national energy security fund says the current unstable situation on the energy markets may give russia extra opportunities. russia may be the last hold off european union and the situation. in which oil and energy is still very very important become what it remains true also fueled liberalization of you guessed by open system it means that if you have no mission this look baggage is actually flushed because of it because it will so just but will. fail because there are. gas wells final consumers group you know we must remember. to get production so there is a way. to build with no serious amount of i don't have guess in your opinion. that so a quick look at the stocks now asian markets the high on tuesday held by monday ga

of means we have a law according to which all shelf exploration has been intrusted to rosneft and gazprom if the people of the suitable conditions of cooperation to either of these two companies why not list them used. russian investment holding system is in talks to sell twenty five percent of oil giants bash nafta to india's oil and natural gas corp the deal estimated at around two point three billion dollars could already be sealed by the end of march it was reported that the n.g.c. have long been considering a stake in bassinette with an eye on participating in the arctic trips in the arctic trips to top world feels that the russian company acquired the rights to last year the indian state company already has a stake in russia's sakhalin one orland gas projects in the pacific. and yes it's another working day for the russian markets ahead of a long weekend huge of public holiday in the country and my socks are trading positively though quite unlikely due to the absence of foreign benchmarks so you look at some of the stocks the outstanding form of the session is mining company metro i

it would be the russian it would be russia's giants first efforts in the region the deal will help gazprom increase its presence in the european supply market but analysts say it's a long term prospect with development to start no earlier than five years from now gas from the new unit of chemicals from group b. s. that's already cooperated on several projects including exploration in the u.k. and russia siberia. and what is that if you joined a local has reported twenty nine percent job it annual profit held by rising oil prices the company's net profit rose to nine point one billion dollars sales increased by twenty nine percent to one hundred five billion dollars who called boosted their production of oil and gas that's available for sale by launch point two percent last year the world major says higher efficiency and cost controls allowed it to generate a strong free cash flow and high net income. and it's not a look at the markets asian stocks are trading in the red this friday signs of growing political instability in the middle east north africa are fueling fears of a spike in oil pr

an energy giant gazprom wants to get its point across to st petersburg officials throughout plans for the controversial skyscraper next stop the courtroom details on why. him. turning now to some other stories making headlines across the globe there's been heavy fighting between the army and rebels in southern sudan leaving at least seventy bed the violence started after a failure to get militias to join the southern army in the oil producing areas near what will be a new national border southern sudan becomes an independent nation in july after a mostly peaceful referendum that almost unanimously chose to cede the northern governments accused of arming rebel factions. u.n. secretary general has condemned the increase in violence in ivory coast banki moon described the situation as urban warfare and a crime against humanity this after the deadly shelling by security forces in a market in which at least twenty five people are thought to have died the u.n. blames forces loyal to president. who refuses to go despite losing last year's poll sparking months of violence. polls have opened f

the ones we have a lot according to which all shelf exploration has been intrusted to rosneft and gazprom if chuen g.d.p. suitable conditions of corporation to either of these two companies why not use them using the rubble. was given to others and costly from north capital good flex its muscles during the upcoming eating. he has to pay some dividends and part of this is the evidence. and they truly do believe because part of the reflecting pool . may use the giver the new. tool to push b.p. to make a decision in conjunction with arctic exploration project i don't think it's necessarily going to happen but that's probably be the most powerful tool in the hands of. shareholders to press b p l a bridge decision on this the ruble has steadily strengthened over the past two weeks largely due to rising oil prices but nicollette was a from b. to b. capital predicts the russian currency to retreat towards the end of the year when the looming elections weigh in on investor confidence. our forecast for the end of the year is doing to nine point three so very close to sortie but we think that. i wo

know it has huge reserves well i would say he sure if you see if you glassed he was in russia all by gazprom has a large resources of course but the point there is not the resources themselves or the point is that russia conflict has only one planet suckering and actually these supposed to be the second one and the largest one. it is planned to be fifty percent more than the car and secondly in the. plant there so basically it would be the largest russian hallamshire plant murrell would be unique in terms of geographic or. in terms of geography it would be the nor the most elegant in the world and i think the transportation logistics referred to from there would be one of the greatest challenges for the company it's ok i did something as ira thank you very much for your analysis that was a little hundred as arsenio hall and gas analyst i've seen thank you and we still have time to have a quick look at the markets asian stocks are higher many investors are bullish after u.s. modest growth but the turmoil in the middle east down to the sergent well prices continue to temper demand a nikkei fin

let's have a look at some of the individual show moves energy measures were enjoying gains gazprom was more than two percent our world was not far behind it so it was up just under two percent banking storper also on the rise was very wrong up around point seven percent on my sites. and russian nature metal metal major in the loop is still has posted a six fold increase in its annual net profit total of one or so billion dollars though coming inside them as forecasts increase is in profit is in line with other still make the wrong the worlds the company costs ten percent increase in our this year. and there are some central reconfirmed expects the annual inflation rates to fall from eight point nine percent last year to between six and seven percent this year how well the law isn't so sure it will achieve that goal russia still has a lot of short term and medium term and long term policy challenges that would need to be addressed head on the main short of troubling remains to be inflation. here i think that the simple being has already started tightening the monetary conditions and the

hello time to get the latest on the world of business a very warm welcome gazprom has more than doubled gas deliveries to easily after the country was cut off from its lead and gas pipelines confession from the national energy security fund says the current unstable situation on the energy markets may give russia extra opportunities. russia may be the last european union you have the situation. in which oil and energy is still a very very important commodity and then when few also fuel to use liberalization of access to get by plane system it knew that if you have no. baggage is excellent for russia because only because of so big which just brought. the direct way from gas wells to final consumers in european union and that we must remember this serious decline has been wasted. so that is way over there will be no serious amount if i don't get some you in your. butts have a quick look at how the markets are faring this hour asian markets are high on tuesday helped by monday gains on the wall street and relatively stable oil price in tokyo the stocks were also supported by the weekend wi

here in russia dollars gold as a percent on the hot high energy majors the mostly on the rise with gazprom regaining yesterday's losses long losing more than a third of a percent on the r.g.s. . and the price of gold has hit a new record high as and that's just turn to what's the cautious national in times of uncertainty how well the fires so as wave of since currently trading at one thousand four hundred thirty one silver is also in tomorrow's trading ash rollers pushing for end of hard dollars. and the high court of london has we kept a tunnel suit. of the shareholders meeting to approve the deal to purchase italy's wind telecom and actually have a twenty ten vimpel com song into doable by egyptian alone and the worse. the world's fifth largest mobile operator by subscribers whether it is telling a lot of the shareholders that it would vote against the deal arguing that more just came what do you think it's. asked of they do you will be will hold twenty five percent stake only on the shareholder agreement with. the kind of gold you will print for sound however i think they are afraid tha

share moves most energy majors saw most of the first day ross now finished down one point six percent gazprom last point one percent banking stocks were also down was of course percent on the my six dollars national spirit of capital trading day. every market has been really quite flat today the big story has obviously been around. the president made comments about the potential change board of directors. actually as a result of that and i think. really underperform today and i think that reflects you know uncertainty what does this actually mean for so for for obviously thirty was a big story. the world's biggest producer and sol house posted a more than three fold increase in net profit figures twenty ten show revenues were up by a third to ten billion dollars with a profit of two point eight billion dishonest traded on the hong kong markets and shares have been up almost ifas and on the news the company says it plans to expand production in twenty eleven. ok that wraps up the business bulletin for now jordan in less than last time for more business stories here on our. as you know song was

seeing police gold up two point three percent this hour and if you majors are mostly on the rise with gazprom up point six percent whereas burbank is still down around one percent. the price of gold indeed has a new record high as investors turn towards the precious metal in times of uncertainty however the prices way but since it's kind of the trading at around four hundred dollars per ounce and silver is also up around at around thirty four dollars seventy cents this. sevastopol is selling three is steel plants in the united states for two hundred twenty five million dollars the company said the private holding from the red group as agreed to by warren wheeling and sparrows point facilities owned by a service style in north america the deal may be completed already this month and will include a cash payment and secured nets. high court of london has rejected telling no one suit to postpone of them become a shareholder meeting to approve the deal at least when teleco. signed a deal with wind owned by egyptian billionaire so it is in a bid to create the world's fifth largest mobile operator b

declining around three percent each so if you look at some of the stocks energy and banking stocks most gazprom down three percent luke or well down two point nine percent this is also coupled with the us net profit spalling short of expectations. this perception. negative and is hurting. markets for this shift for emerging markets strewed developed markets and thought hurting russia basically the high oil price will be very costly for russia and that's why russia has been the best performing emerging markets this here and i do not think that what we are seeing today is the beginning of a new trend where russia underperformed profound i think that's the correction i recognize of billionaires have joined the list of the world's richest not of over one hundred tycoons on the forbes list russia's but the middle east and holds fourteen of places the second year running the owner of one of the largest steel producers in the world has made a higher reaches of the list russian forbes deputy editor outlines the secret of his success. unlike other major listen is concentrating only ski business there is

deputy prime minister igor suchan the energy unit of the industrial nature of the has agreed to join gazprom and italy's any in the twenty one billion dollar project to bring russian gas to southern europe hooter's holes involvement could ensure support for the south stream project from the e.u. including the long term supply contracts the russian gas giant is also in talks with this is a difference regarding its potential role in the project. oil prices are a steady weighed by uncertainty about demand from the world's number three consumer japan but persisting tensions in libya still give support to crude and idle as say tensions in the region may lead to further oil spikes in the short term but there are no fundamental reasons why for the moment the prices should remain permanently high. and you could go shorts or. ice highs you could sing in the woods you could be you can see them into films and eight books longer i don't think we're going to see him i just want to commit a bit unless of course something screwy to me it's true scenario you see liberals will installations destroy the risk

we're now looking at ways to support japan with additional energy supplies gazprom will deliver an additional two hundred thousand tonnes of liquefied natural gas in april and may so we're now developing ways to increase supply capacity the difficulty is that most of the gas we currently deliver is already distributed through existing contracts so we will have to hold talks with our partners to review some of the contracts because the price for light sweet crude is retreated to one hundred one dollars per barrel on fears of a drop in demand in japan but chris we thought were also believes the price of black gold will not show a significant downturn at the moment due to the situation in middle east as a remains unstable. main driver in the oil market right now is still the middle east in focus in the middle east and the threat of supply disruption and particularly i think what helped the oil price from falling last friday and over the weekend is this news in the west spreading to saudi arabia eastern province its biggest oil production region so that threat of destruction in the middle east is

dollars gold is up one point six percent this hour and you know it is almost new on the rise with gazprom bucking the trend just a point one percent and also bank was down zero point four percent on the r.t.s. . more detail the price of gold it's here it's a new record high as investors turn towards the precious metal in times of uncertainty however the price was weighed as we could sense currently standing around one thousand four hundred thirty two dollars per ounce silver is also in demand trading at around thirty four dollars seventeen cents an ounce this hour. the high court of london has rejected tell an old suit to postpone if it becomes shareholders meeting to approve the deal to purchase it in these wind telecom and i want to show you what i did to sign the deal with. wind owned by egyptian billionaire now greaves sorious in a bid to create the world's fifth largest mobile operator by subscribers however norway's tell an organ become shareholder they would vote against the deal arguing that the merger scheme would dilute its holding. asked of the deal they will hold twenty five p

and russia's gazprom has become one of the world's top ten companies to gain from this recent oil price hike so the group has calculated that for every ten dollar rising food prices there's a ten percent rise in gas from spurning a share rating was topped by canadian natural resource corp and its earnings jumped by one third from the recent high. and rising oil prices have been strengthening the russian currency the ruble has jumped almost eight percent of the dollar and roughly five percent of the year since the beginning of the week i've had was it from beating capital predicts the ruble could strengthen further in the coming months. we have good prices spike due to all these. and we also should take into consideration their every ten bucks increase in oil from slate's forty billion dollars. from the current accounts so the first quarter likely to be for their own i think they're. at least until the end of march and probably. will. figure the stock markets to start with your stocks there are positive this out the full see the bags of recovered from early losses u.k. and exist by stron

one point seven percent this is our secular good some of the stocks energy and banking stocks lower gazprom is losing more than two percent last may have two point seven percent less parts guy russia's fifth largest producer of coal is the biggest loser so far it's down five point six percent this hour that's after reports that the company's own ends are seeking a buyer. well we'll be back next hour with an update matt is next with our lines to say about their. the. russians would be so much brighter if you knew about song from feinstein question and some. of these for instance on t.v. don't come. down to your fishel ante up location joy for i pod touch for me i choose up still.

turn up meanwhile prime minister putin said he may not join the offshore projects that it offers gazprom suitable conditions this is the first time the russian foreign minister has commented on the widely discussed confidence in. the agenda of the next to be. on march twelfth will include dividend questions but in the russian coffee from north capitol says this may become the ace in the company's hand to give it he has to pay some dividends and part of the guns will go a major relieved to be because b.p. is a team team and may use the dividends you. two to push on. to make a decision in conjunction with our biggest worry from a project i don't think it's necessarily going to happen but that's probably be the most powerful tool in the hands of. shareholders to press the old brave decision on this. and it another working day for the aggression markets ahead of the long weekend due to a public holiday in the country there are chairs in the mice and some lighting and trails we baptists as of saturday the activity of praying is likely to be minimal due to absence of benchmarks. and the ruble

gazprom has more than doubled gas deliveries to italy after the country was scuttled from its lead and gas supplies possible analysts are saying that the current unstable situation on the engine markets maybe you brush just some beautiful chances for business twenty minutes. away from our studios in moscow you're watching r t thanks for joining us now the u.s. has begun a repositioning of ships in the mediterranean triggering speculation of a nato invasion of libya british prime minister david cameron has also said that he would not exclude the use of the military there when it comes as libya's longtime leader colonel gadhafi remains. besieged in the capital tripoli with opposition forces nearby ortiz correspondent peter all over has more from a neighboring egypt. well now we have warships u.s. warships over there will tell us more about these latest developments internationally about the situation in libya. well what we're looking at is the u.s. navy fleet repositioning into tactical positions on outside of libya now this comes after the u.s. secretary of state hillary clinton said th

believe that we had a law according to which all shelf exploration has been intrusted to rosneft and gazprom if. the suitable conditions of corporations in either of these two companies why not use in the. i'm glad emitters and from north capital good flex its muscles during the upcoming meeting didn't give me he has to pay some dividends and part of this is they were the ones. and major relieved to be because b.p. is a partner of thinking. may use the giver the new. tool to push b.p. to make a decision in conjunction with article ration project i don't think it's necessarily going to happen but that's what probably be the most powerful tool in the hands of . shareholders to press p l a brave decision on this. ruble is steadily strengthened over the past weeks largely due to rising oil prices but because of from d.t.b. capital predicts the russian currency could retreat towards the end of the year when the looming elections weigh in on investor confidence our forecast for the end of the year is twenty nine point three so very close to so if you would think that . i would fall. into the secon

asian markets that is take a look at the individual share moves energy majors are enjoying gains gazprom and lukoil are both up more than one point five percent banking stocks are also on the rise with up to seven percent on the my six. russian metal major novella pits steel has posted a huge increase and your net profit there are almost six fold to one and a quarter billion dollars coming in slightly shy of analysts forecasts the increase in profit is in line with other steel makers around the world but company forecasts a ten percent increase in output this year. out of russia is one of the few places in the world where the web search engine google has struggled to step list dominance russian and gandy x. has proved three times north popular its key advantages the ability to deal with the complexity of the russian language also offering a wide range of web services the head of google russia says the company is doing everything it can to catch up. continuously. services before you have some very secure way of the man might be a real hair from mind to groom a hero or to rush out all. pro

license requirements to produce nine billion cubic meters a year as a conventional enough buyers gazprom hopes the deal will help secure past deliveries to china but i don't say russia will have to fight with her quickly took many stars but the chinese market. region is very promising but there is a question of prices china wants a significant discount we will have to compete with those central asian harness all ready to deliver billion cubic meters of gas to china at a discount in other words russia will have to link future deliveries to some cheap loan from the development bank of china we will have to look at zero profitability just to develop the area around. worthless third god just all can retain k.b.p.s. record of fifty percent certain is the major mostly benefited from high crude prices and increased production while and gas output growing most two percent to around one point eight million barrels a day how fighting the peace new oil fields in siberia. and russia like you factoring output has reached its highest level three years because he's purchasing managers index rose to ove

russian stalks gold is up two and a half percent of the clothes energy majors are also higher as i said gazprom are one point two percent of the clothes parts of the banking sector is quite weak as well banker down point four percent at the close price of gold earning a new record high for fourteen hundred thirty eight dollars fifteen cents per troy ounce that's for gold and silver is also in demand is trading at around the fifty four dollars eighty point sense this. is selling three steel plants in the united states for two hundred twenty five million dollars the company said the private holdings the group has agreed to by warren wheeling and sparrows point facilities owned by citizen of north america made a deal may be completed already this month and will include a cash payment security. that's all for me i'll be back in one i was with an update comes next with the headlines to stay with us. from. the book . hello this is the r t news channel from moscow my name's kevin owen and these are all top stories tonight for you back out of iraq as the u.k. considers military intervention in libya so

percent at the moment let's take a look at the individual share moves energy majors are enjoying gains gazprom a new color both up around two percent banking stocks are also on the rise with sperm bank up around point seven of a good of a percent on my sex. russian missile major novella pets steele has posted an increase in huge increase i should say in annual net profit there are almost six fold to one and a quarter billion dollars but coming in slightly shy of analysts forecasts the increase in profits is in line with other steel makers around the world the company forecast a ten percent increase in output this year. there's some new faces in california's silicon valley and russian some of the biggest russian companies have opened an office in the heart of the high tech mecca ross nano the russian venture company and skolkovo have been given a helping hand by some of america's biggest corporations including in south and cisco cisco says russia is rich in highly skilled specialists but as yet it's not really living up to its potential. it appears that these strings are not turning into busine

thanks for joining me russia's gazprom and germany's which is whole have agreed to join to develop gas fields in the north sea it would be the right of it it would be russia's gas giants first efforts in the region deal will help gas from increase its presence in the european support market analysts say it's a long term prospect with development to start no earlier than five years now. and a unit of chemicals group b.s.s. already cooperate on several projects including exploration in the u.k. and russia siberia. and russian energy giant loophole has reported a twenty nine percent jump in annual profit helped by rising oil prices companies net profit rose to nine point one billion dollars all sales increased by twenty nine percent to one hundred five million dollars who called boosted the production of oil and gas that's available for sale by one point two percent last year while major says higher efficiency and cost controls allowed it to generate a strong free cash flow and high net income. which is largest lenders bad bank has reportedly moved to the final stage of talks to investmen

some of the individual stocks now they drop on average another percentage points from the last hour gazprom is losing two point two percent of my sex rawson at two point seven parts guys one of the big is still loses so far the fifth largest producer of coal is down over five percent that's up to reports that the company's homeowners are seeking a buyer. europe's central bank could be making a great mistake by tightening its monetary policy that's according to the tories economist known as dr doom nouriel roubini he claims high interest rates may seriously hit the peripheral european countries that are struggling to restore their export competitive that's but chief economist from russia's that crazy investment bank says the c.b.i. has no other option but when the central banks do not take action global inflation and perhaps a mystic inflation in many areas including russia starts to get out of control and then we have a very very difficult and when central banks would have no other option but to increase rates by significance amount which definitely would push many quantum is called standst

russia's gazprom and germany's winters hole have agreed to explore and jointly develop gas fields in the north sea in addition rangers hall will participate in both russian south stream and nord gas stream pipeline projects this month the company has started a new drilling operation on a small oil field in germany medina. the winters haul oil facility in northern germany to tell us more. why katie behind my back is the beginning of a new drilling all gratian led by terminal wall and gas company event is called the company is planning to drill sixteen new shelves dementing the current allowed all up production of the sperry filled knowledge erminie doesn't have enough reserves on the proposed an all or oil produced within the country with the level of consumption is a relatively low that's why i've been facade is quite active a bowl of now it is a pond not in gaza sprawl my lab project nor stream and this is a project where pipeline a well are transported russian gas across the baltic sea lanes in germany and the current leader and two pipelines that are being constructed this pipelin

closed so see you here yesterday's closing figures energy and banking she has a losing ground with gazprom and spread back all trading a lot of. investors to be on the lookout trading at b.p. capital told r.t. the correction is out of her life and. the market will still be priced in a higher risk well for will supply disruptions hence higher oil prices strong. relations for russian stocks i think when gas stocks will be resilient to any correction and i see. a correction i think is looming in the developed world given that higher rates and inflation are a big concern for global growth. and we're seeing an increase in the number of billionaires this year forbes lists more than one hundred russians and that's weighting of the world's richest people something of them live in moscow which has become the world's leading satan for the number of resident titles of the recent owns the noble if that steel plant tops the list of russia's richest his fortune estimated at twenty four billion dollars ranks in at number fourteen on the world well scale of the biggest bulging bag belongs to mexican media