this now have a look at the share movers on the my six today gazprom ended hoyer off the laying down the line on gas supplies with ukraine to call slipped into the red on the end of trade off the revealing its oil output dropped over five percent last year telecom finished flat on reports that will boil armenian operated g n c l four for over twenty two million dollars wrapping up the week's trademarks in shushing call from rural serves as the overall trend as markets is favorable. definitely very positive for us which came as a surprise to many myself i was actually expected it's probably poorer for us and there's you know the market was open in movies during all this is the first time the my six actually the warnings from on that but but overall you know russia did pretty well in terms of inflow of capital we strongly the form the rest of the emerging markets russia received about three hundred million years of money year to date compared to one point five billion dollars through from gem from global emerging markets which is essentially a sign that people which has been very cauti

this ownership issue and i believe that the european union will have a role in this as well as gazpromand then i think this essentially the south stream project along with in the book a pipeline project will both kind of die off believe will be shelved indefinitely. because the look at the markets first oil which was continued this week's fall last week remains below one hundred dollars a barrel prices are being kept reports that the iranian bulgar will be delayed by six months alone troubled economies like greece italy and spain to. find alternative suppliers u.s. stocks have snapped a four day rally amid media reports the standard appalls will downgrade several eurozone nations late friday financial stocks losers with bank of america dropping almost six percent after saying it may retreat from some parts of the u.s. if the country's financial problems continue blue chip financial joint g.p. j.p. morgan losing more than four percent on reports its called the fall revenue fell short of expectations. no silver lining in europe either there's lots of media reports the standard and poor's

this ownership issue and i believe that the european union will have a role in this as well as gazprom and then i think this century the south stream project along with in the book a pipeline project will. die off believe will be shelved indefinitely. but take a look at how the stock markets perform the expectation that the pause ratings agency will downgrade frauds has put a damper on shares across the eurozone frankfurt was up most of the day before rumors of the downgrade probably in the off the new. same story here remorse. which enjoyed a good spell until the final few hours of trading russia as usual risk of contagion from bad news in brussels. let's have a look at the share movers almost six today gazprom ended higher after laying down the line on gas supplies with ukraine luko slipped into the red by the end of trade after revealing its oil output dropped over five percent last year telecom finished flat however reports it will buy armenian operated g n c l for over twenty two million dollars. and in other news turnover in russian trade with c.i.s. countries rose by a third in

increase its dependence on gazprom is kidney. we're not talking about russia's dependence we're talking about cooperation between russia on the one side and the european union on the other in the energy sector new stream is viewed as a priority project both by russia and the because it's been part of europe's energy networks since two thousand and six not recognized by the european parliament and the e.u. council of energy minister brussels wants all russian energy companies not just gazprom to be allowed to export gas to europe what are the implications of that for gazprom and europe as. regulator e permission is not the issue but the e.u. germany and the rest of the e.u. nations need gas to sensibly reform their energy policy that people russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy this is why i think europeans need

this ownership issue and i believe the european union will have a role in this is when it's gazprom andthen i think this century the south stream project along with in the book a pipeline project will both kind of die off believe will be shelved indefinitely. let's look at the markets now first oil which is trying to reverse the biggest weekly drop of the year light sweet remains below one hundred dollars a barrel but it's edging up today prices are being kept down by reports that the uranium in borger will be delayed was six months to allow troubled economies like greece it's. in spain to find alternative suppliers. has joined london in the rig in the last few minutes after today's italian debt talks and failed to raise the same interest as yesterday traders point to lower profits for j.p. morgan chase in quarter four as a sign that confidence is still being tainted by the euro crisis. and russia which looks like it might in friday down as it's been all week it is edging lower after a strong start in the morning that's following pessimism in europe. looks like it may be slipping into t

to export gas to europe what are the implications of that for gazprom and europe is key to any. regulator e position is not the issue but the e.u. germany and the rest of the e.u. nations need gas to sensibly reform their energy policy like russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy and i think europeans need gas or gas has many uses here with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of the you know better than anyone else for in states that have written recently switched from export to in killed europe needs a gas supply to maintain a stable mix of energy sources but it's climatic conditions require it needs norway to gaslight but also russia's gas and therefore i think opening the market up to goshen companies would be a wise move or to short a name to do some officials oppose russia whate

russian energy majors gazprom and i e s holding have made a second attempt to join their electricity assets aiming to create the country's biggest power company in december they pulled back their application from the federal antimonopoly service saying the parameters of the deal had to be revised due to their regulators criticism now the companies hope to finalize the deal by the end of march. oil company ruth petro became the first russian prime to offer chairs to the public in london this year it sold a thirty five percent stake and raised around two hundred fifty million dollars that values the company at around seven hundred billion dollars which is lower than expected and ruth petro initially scheduled the listing for december but it had to postpone since the potential investor interest was very low head of the new year holidays the company which has oil assets in western siberia will use the money to boost production and to pay off debts. and that's it for now but you can always find a lot more stories there any time for you at our t.v. com slash business. the. this is flawed.

another biggest movers almost six today we call was weighing on energy majors gazprom love point that's old news ukraine wants to take less gas than agreed in their contract but discount retailer magnet jumped it reported a forty two percent increase in earnings for twenty eleven and afterwards finished among the main gamers on reports the brand a lawyer plans to increase its share in the russian call make it to fifty percent in the first quarter of this year. that's the business news the headlines are next on r.t. . now it's not about spilling blood if it's the war of the barricades from one side and fears blockade from the other. invisible border it has cut people from the land for twelve years. the conflict that divided serbia into two hostile parts is still not over. to. from the russian capital this is our top stories now the syrian president claims he's still in control. of insurgency but international pressure on assad to step down is mounting as more civilian deaths are reported across the country. was killed in a wrong no one has yet claimed responsibility is pointing the finge

the volumes agreed in its contract with moscow and worked to cut purchases of russia's energy giant gazprom says key of could have reduced its order by up to twenty percent but only if it's given six months notice the e.u. has offered its support ukraine in this role more talks will be held on tuesday chris weaver from troika dialogue says the situation is likely to result in ukraine conceding to brussels and moscow in its point. that makes much more engineering commercial economic sense than the alternatives such as the south stream pipe and i think that russia is more likely to agree to the proposal provided of course that the equity ownership in the transit system in ukraine also changes specifically to allow gazprom to take at least a twenty five percent initial stake in the pipeline and with some mechanism that would allow it maybe go up to fifty percent ownership i believe at the end result over the next couple of months will be a concession from key of this ownership issue and i believe that the european union will have a role in this as well as gas prices and then i think this essen

financials are in the red but burbank losing around one of a third of a percent energy majors the next gazprom is less than half of a percent down while loop oil is painting the pressure. around two percent. and now on to the currency rates a lower oil prices are weighing on the ruble it's losing gets the dollar and the euro and the euro is retreating against the dollar head of the euro zone summit. now a busy. this r t exclusive posco the owner of the world's biggest alimony and producer who solomon one of russia's richest man predicts the first half of the year could be tough for his business he sees commodity prices remaining stable with growth only coming in the sack second half the year. we don't expect you know in a significant improvement the next six months in the we are not in the very bullish but optimistic for the second part the year but it's a moment some of this market is quite stable in general course we come over. in the positive transformation in the improvement to see the slowdown in the euro but in general it's the. and you can see the full version of that interview with i l

increase its dependence on gazprom. we're not talking about russia's dependence we're talking about cooperation between russia on the one side and the european union on the other in the energy sector the new stream is viewed as a priority project both by russia and the e.u. .

increase its dependence on gazprom has kidney i know. we're not talking about russia's dependence we're talking about cooperation between russia on the one side and the european union on the.

economic fears this have a look at some of the share moves on the minus six today energy majors a mixed gazprom is down after announcing plans to spend five point seven billion dollars on the sort she went through lympics in twenty fourteen will never take is flat preliminary results just felt say it's natural gas production grew forty one percent last year but carmaker after birth has accelerated for a second day some recent reports the renault nissan alliance plans to increase its share in the russian carmaker to fifty percent in the first quarter of this year. and the russian market. thirty nine percent in twenty eleven. european businesses says they reached over two and a half million vehicles that's much higher than forecast still haven't managed to get back to pre-crisis levels expects the market to grow at a much slower pace this year and reach two point eight million cars. the worst case scenario is very much linked to what may happen with the global economy the impact of that may have on russia. because clearly russia won't be immune from that i think the would be upside is very much a

final sessions burbank among them was among the few again as one of my stocks up point four percent gazprom among other energy shares was down despite high oil prices and still make a m.k. was down for out most of the session of the market unimpressed with a seven percent. increase of production in twenty that. the market was generally pretty flat after quite a strong day yesterday the market in general is up about two and a half percent this week from monday almost as if four and a half percent in the last two weeks things look pretty healthy of the moment underneath the general strengthening the market is some security asian people who are investors appear to be selling oil and gas names and they're buying more banking names with names like a sperm bank and also in particular or even second tier of banks finally to currencies the ruble is lowered to the dollar amid weakening bo will demand risk and some profits you had of the weekend with russian pouncey is gaining by just a little notch versus the euro at the end of friday story in the my sax and the well the year on the dollar pretty mu

and my six and around one a half percent in the black strong oil supported energy majors gazprom added almost two percent steelmaker severs was among the top gainers all reports its subsidiary north gold will become a separate company and start trading in london hard to also benefit after v.b. bank agreed to buy eleven percent in the hydropower producer it will spend the money to finance its investment program. well she has agreed on you need tax benefits for the united arab emirates that's in order to attract more investment from the oil rich nation the new system applies to the country's state institutions which will no longer have no longer have to pay tax for their dividends on investments and russia the agreement is yet to be ratified by the country's governments but the head of russia's direct investment fund keogh in the mitri of says that the deal will bring huge benefits. the total investment capital managed by the united arab emirates stanza trillions of dollars and you would have a small piece of that comes to russia it will be a significant amount of money that's why i thin

operator enthusiast as lads get a lesson from athens as investor should look at russia as a gas giant gazprom as well as not owns and banking shares pop culture upside. gasper for the first time in a long time is probably a name that i will probably. look at the other thing if you do believe in. a short term rally because we have to remember that things can turn around very quickly but in that turnaround if we look back at previous sort of rallies that we've heard every single time metals and banks have done extremely well and i would probably suggest you look at selective name in those sectors have you said that with the banks given that we're seeing europe you have to be very very quick to close a call make your whatever percent you said was a goal and they get out because it is a very risky play but if we do see a sustained rally for four of weeks or months or so then you need to be in those names because they always tend to perform. and that's how business looks the self more so as you can always had a website r.t. dot com slash business by for now. you know sometimes you see a story and

specified in the current contract and insists on cutting imports of russian gas by half but russia's gazprom says ukraine could have reduced its order but by no more than twenty percent and only with six months about snowden's late on friday the european union joined in saying it's ready to pay up play a part in the talks and moscow and kiev are expected to restart negotiations on tuesday. say grains economy might not cope with a reduced gas lifes. well that's all that's all i have for you now but join me in about fifteen minutes for more here on this. here with our t.v. live from moscow the headlines the arab league at loggerheads are calls for intervention in syria other members warn it could lead to a region wide on the rest mass chaos has announced a general amnesty for political prisoners in accordance with the peace plan. the u.k. ups the ante against the wrong pushing for a tough you oil embargo which tehran's promise to counter by blocking a vital transit route london says it will take military action in the persian gulf if deal.

joining me the gas dispute between russia and ukraine it continues to build russian gas monopoly gazprom says kiev could only have reduced the gas it bought by twenty percent and then only if it a great haul for a year in advance ukraine signed a contract to receive fifty two billion cubic meters of gas from russia but made the surprise announcement that it would only take slightly more than half of that shit the country's leadership says it's struggling economy can't afford to pay the full amount but gas pharmacist's a deal must be met on the take or pay bases ukraine's energy minister is expected to report to the parliament about the russian gas talks later friday. russia and iran decision to swap the us dollar in favor of the ruble arielle for bilateral trade is following a global trend recently both china and japan said they would switch their local currencies to boost ties you've gotten from a s.k. system a emerging market will only benefit from such moves. because rich used to be the strongest far beyond their competitors in the world when you were a dollar a pound of sterling to u

another gal's war kiev says it only wants to buy half of the volume specified in the contract but gazprom says it cannot agree to the cut the gas giant insists key of could have reduced its order by up to twenty percent but only if that is given a six months notice. late friday the european union joined in saying it's ready to play a part of the talks meanwhile analysts say ukraine's economy will not be able to survive with reduced gas supplies. in the longer term. with that you do the expected by the i.m.f. to grow or at least four percent per year. there's no way grade come just permanently come down it's consumption to those levels i think it's going to to grow together with steel and fertilizer sector and most of the fish in seguin's seem to be in the past already because ukraine used to much more so some to believe meters rather than fifty four last year it doesn't look like ukraine ukraine's consumption is going to climb to subsist with think it's quite wide to stay flat world with. that because most of the first savings are in the pools. and let's now see the markets for oil first

its power company is merging its energy assets with gazprom. from. today. in the markets open to both up and then we saw some profit taking mostly from russian accounts and starting from. i don't know maybe. there's a very good bars in the market actually locals and international studies so the market is definitely closing high to be there is a number of good news actually on the back of yesterday goldman sachs good numbers today morgan stanley and bank of america reported a good fourth quarter results they're supporting market definitely oil prices higher level and in general i have a feeling that the market is changing the mood of the market is changing it beats to positive. so for the sell back with more. coming right after this. you're. there with r t a why from moscow our top stories london admits an electronic spy rock found by the f.s.b. in moscow six years ago belonged to her majesty's secret service the u.k. had vehemently denied involvement in the scandal until now. more time for you sanctions against the syrian regime are in the pipeline as the a

k nine is among the main gainers on the news that its companies merging its energy assets with gazprom. and now speaking about energy majors gal's palm and i s holding have made a second attempt to join the electricity assets aiming to create the country's biggest power company in december they pulled back their application from the federal antimonopoly service saying the parameters of the deal had to be revised due to the regulators criticism now the company's hope to finalize the deal by the end of march. for car market grew whopping forty percent last year that's according to price waterhouse coopers russia is the fastest grower among the auto producing countries including the united states and china however as the only route from p.w. c. points out it's all a matter of perspective. the growth which was spectacular forty percent was largely because of the fall in the market the previous is was so spectacular as well so what's really happened is the market has begun to recover almost to pre-crisis level so that forty percent growth needs to be understood in the context of what was be

at some individual chevy's and on the mindsets energy mages are on the rise is our guest monopoly gazprom is up over a percent and announce plans to spend five point seven billion dollars almost all she had impacts on the old company blue collar is gaining point four percent that and called mica after the loss is among the main windows for the second day along that. but some reports around this reynolds. plans to increase the russian commented to fifty percent in the first quarter of this year. saw from the right five and thomas zero expects the stocks to grow in the first hour of the show. overall we are quite positive from the second on the first quarter and on the first half of the year at all i would say these goals that meet contrary to the overall consensus in the market which suggest that first half of you will be more or less difficult while the second one will be more positive with the first and we think that situation with the european debt would not affect that much on the back which is market is did last year so we see some improvements and we think that we're close to the bot

most financials are in the red was their bank losing more than one percent and energy majors a mixed gazprom is point six percent down lukoil is slightly up. and to the currency rates lower oil prices a weighing on the ruble it's losing against both the dollar and the euro and the euro is retreating against the dollar head of the euro zone summit. and that's all the latest from the business desk i'll be back in both fifty minutes to. wealthy british soil. that's moved on to the right of. the. markets why not. find out what's really happening to the global economy in cars a report on our. welcome back your weather to here is a reminder of the top stories iran warns of banning oil sales to some new countries is still possible as a group top u.n. nuclear inspectors start their three day mission and the islamic republic. dark clouds of war are looming over the syrian capital with heavy artillery fire heard on the outskirts and government tanks which. list on the streets. cops and occupiers in the city of oakland all notions of tolerance go out the window as police bombard the activist with the n

sources to meet deadlines and to remind you that south pipeline is a project developed jointly by gazprom italy's any france's e.d.f. and germany's winters home. now europe is up and coming passenger jet the airbus three hundred twenty neo will soon boast a russian titanium the country's titanium monopoly b.s. and poor business sealed the deal with air bus to deliver a trial shipment of its production if the quality of the product meets the standard of the european plane maker a large order will be placed however there is no report on the value of the contract. have a look at the markets now oil prices are falling as greece's debt negotiations new concerns about europe's financial problems and added to that fuel consumption in the u.s. dropped to its lowest level since september two thousand and one stocks in the u.s. are mixed stronger earnings from microsoft and i.b.m. helped drive the dow up while concerns about debt talks in greece to hang over the market and most european markets are lower as investors keep an eye on debt talks in greece chinese manufacturing activity that showed sig

europe russia's top lenders dropped over two percent and the g majors did better than the market gazprom finished half a percent lower litella magnate dropped over one percent despite news is net profit rose over twenty four percent last year a bit better than expected. wraps up the days straight. trainees months. again abstain from oil or in reserve requirements that was the expectation . and markets were this morning plus. there is no understanding of the greek talks and. that's not the end of a story there's portugal has been making headlines today. actually climbed for. almost across the board in europe which is again. and we're going to have a look at those currency rates now low all prices are weighing on the variable is losing against both the dollar and the year right on the year is retreating against the u.s. currency ahead of that european summit. well with me fifty five minutes babe i cancel markets all business here and i'll say. culture is that so much given to each musician on the market crude blockade and the turning off of the taps as the united states meet you again sanc

russian energy a major gazprom and i e-s. they have made a second attempt to join their electricity assets aiming to treat the country's biggest power company in december they pulled back their application from the federal antimonopoly service saying the parameters of the deal had to be revised due to the regulators criticism now the company's hoped to finalize the deal by the end of march. first as car market. a whopping forty percent last year according to pricewaterhouse coopers russia's the fasters grower among the auto producing countries including the united states and china however as stanley root from p.w. c. points out it's so matter of perspective. the growth which was spectacular forty percent was largely because of the fall in the market in previous is was so spectacular as well so what's really happened is the market has begun to recover almost a pre-crisis level so that forty percent growth needs to be understood in the context support was before secondly though it's very interesting point this is psychological

that ukraine's leadership says it's a struggling economy called afford to pay the full amount but gazprom has today insisted the deal must be made in full will be following the story and we'll bring you any developments as they happen. despite the financial challenges of twenty eleven russia's become the third fastest growing economy in the world of the china and india the latest economic data on prime minister vladimir putin showed g.d.p. grew over four percent last year industrial production also rose among the world's best and despite major global economy suffering budget deficits russia ended the year with a surplus. now the threat of oil supply disruptions continues to trouble investors as japan the second largest consumer of iranian crude new sanctions against the islamic republic saudi arabia says it has an oil pipeline that could stand in for a portion of the missing supplies but energy strategy davis believe that in the worst case scenario alternative energy routes coal plug the gap. if the straits of most were to close and again we don't believe this will happen alternative rout

was going to says he wants to see the role of the state and of state monopolies reduced for example gazprom which has quite an influence on our russia's business like secondly the fight against corruption especially in the sphere of high level kickbacks during state orders and purchases more attention is needed to be paid there as well now another major problem for the economy according to the prime minister is a dependency on natural resources which has to be reduced as well and says that if these issues would be dealt with successfully it should improve the investment climate in the country and increase the economies competitiveness against other international players there's also another point worth mentioning from that article and that is the idea to propose the world's tax which should concern real estate and other a luxury purchases an issue which has been and is still being discussed in russia society for quite some time now. and more detailed analysis of that in the putin's proposals in our business update that's coming up next here on t.v. that will be shortly but now back to the g