moore from the center petersburg international economic forum with the transit. hello i am mad très a live in the same petersburg international economic forum with you r t business update and the main theme that we're talking about now is the creation of moscow as an international financial hub something that is a stated goal of president medvedev and something he hopes to come to fruition in the relatively near future and he's laid out a vision during his speech to the conference to the forum about how he hopes to accomplish this now europe's biggest city moscow is set to grow even more the president has laid out a plan to expand the boundaries of the city and move much of the city's not into structure but move much of the city's apparatus of government and other and other buildings toward the outskirts in order to make way for more financial development in the center of the city due to move jobs away from the congested city center where the traffic can be somebody who lives in moscow the traffic can be a little bit difficult at times something they want to ease

opener but not transit in st petersburg before that with all that's been happening at international economic forum. that's right these are the days when the sun doesn't set on russia's northern calif at all but it is going down on russia's on the st petersburg international economic forum or president dmitry medvedev capped off the entire event with a address during a panel discussion that he shared with the presidents of finland the prime minister of spain and the president of kazakhstan where they discussed the challenges facing the global economy the russian president called on all countries to jointly handle challenges facing the global financial system and he said united efforts and policy will help pull countries out of the deadlock and the doldrums that are facing the global financial system he said a key priority for russia in this case is to integrate more with other countries in the global economy and foster better cooperation with all of them and a part of that a keystone of all that he believes is the establishment of moscow europe's largest city as a major financial hub for the global

meanwhile the same fears about the international economic forum has been discussing how to avoid another global economic meltdown and encouraging major firms to take a fresh look at the new horizons for investors in russia. the land will bring you to the end of the us down targeted and the most sort of new russian also it's church built in a place you'd least expect. international news live from moscow this is the with me thanks for joining us economic turmoil in the eurozone is turning out to be from joining the european union opinion poll suggests that the country wants so came to join is having second thoughts with its own economy booming while the e.u. is in chaos is tom boston explains why he has gone cold on the idea. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro but not anymore turkey's attitude in short can be summed up very simply very glad you're not part of the you're right now turks on the street seem to have a wide range of opinions on the euro but their country's doorstep europe's economy is

with one of the most important russian economic events of the year this in petersburg international economic forum. all eyes are on russia's northern capital as the annual international economic forum kicks off and this year presidential aide arkady dvorkovich says simply his big form is more important than ever for russia as it begins to look east as well as western investment sees tatyana put a cover brings the details. this loosely is preparing to host thousands of gaffes had just laid out the economic growth from all over the world for free they long discussions of the e.u. iran in the global economy it will be all about the merging leadership expanding to close your horizons and building creative capital the key speakers at the forum go to russian president dmitry medvedev and rosenthal china region tower we'll see what they have to say and you will have the coverage of the events here on r.t. . russia and china hoping a landmark gas deal will be signed as the chinese leader meets with president medvedev in moscow the deal follows the launch of an oil pipeline to china this year and is key to

comes to you live from the international economic forum in some pages but that's coming away after a short. hi i'm mad très a live in st petersburg at the st petersburg international economic forum where the word of the day was modernisation the keynote address of today russian president dmitri medvedev addressing the more than one thousand people attending the conference here talking about primarily the need to modernize and innovate in russia's economy now among the things that he was highlighting the more successful i.p.o.'s yond x. and mailed out ru using this is them as examples of how the russian technology sector can be made better along with this he said there was a ten billion dollars state backed private equity fund that's being established in order to help spur development in russia and he's also the expansion of a thirty eight billion dollar asset self program something that he said it should also help the economic climate. but should government doesn't need such loans amounts of troops would see it has only to fool privatization of major companies the implementation of th

out the gas deals worth billions of dollars i think into st petersburg for the city's international economic forum. following the three day brainstorming event. comic forum is in full swing here in st petersburg. there's executives global innovators and world leaders all gathered together to debate move forward economically and environmentally on various levels it's considered that this year the big players are old stuff and china before the euro and dollar are struggling severely of these two countries are not only developing separately but dynamically in their bilateral cooperation in fact it's come out statements from both sides recently that china and russia can say that they have not only overcome the consequences of the economic crisis of two thousand and eight but they have between the referent bubbles pre-crisis levels and that can allow them still set and vicious tasks to further intensify our bilateral trade and cooperation i would look at other issues on the world stage france and china see i was very differently from the last when it comes to international crises take libya both have t

and i were joined by a match rather to continue our coverage of the same pittsburgh international economic forum. the sun does not set on the st petersburg international economic forum but today is day three and that means it's the last day to get all the business done and all the speakers spoken and all the deals side here in russia's northern capital now the focus of the afternoon has been talking about moscow as a financial hub it is europe's largest city and definitely something that has the potential to be a big deal in a big deal player any international financial game the idea is to move jobs away from the congestion center of the city move them towards the outskirts of the city in order to free up infrastructure and space for private capital to move in and for the establishment of new business in russia and this is something that president medvedev outlined in a keynote address that he gave here at the conference something that is going to help ease traffic congestion and bring more working professionals into this since the center of the city and towards the new moscow city area that wil

economic forum matches. it's right in a city where the sun isn't setting this is the our business coverage from the state petersburg international economic forum day three the final day of the forum here it's all going to be wrapped up by president dmitry medvedev giving a speech at the end of the meeting and of course he's going to be meeting on the sidelines with some other heads of state including president defended finland of holland and the spanish prime minister jose rodriguez zapatero also in attendance today i.o.c. president jacques rogge even is going to be taking part in a discussion on the north caucasus and there are expected to be the signing of several important deals between russian and foreign companies here of course spring growth and innovation in russia is a recurring theme throughout this conference and so that's something that's expected for a lots of chances to put pen to paper on some. important deals here at the forum pavel's today there are many and some of the highlights include integrated cooperation in the defense industry sustainability of the asian economic engine and renewable energy also along wit

top story today russia's most important financial event of the year at the st petersburg international economic forum. the city of st petersburg has always been called russian's window to europe but with the forum in full swing it has become the window to the whole world she's not present wraps up the second. highlight of today in disputed president medvedev keynote address to the assembly here talking about modernisation an innovation as the main the main focuses of the event and the main focus for the russian economy in the years to come he pointed out beyond x.m.l. the rule as a shining examples of home grown business is that i've done well in the forests are good examples that others can follow also talked about the ten billion dollars state fact private equity fund something that he believes will bring more innovation and spur growth here in russia also expanding on the thirty billion dollar assets sale program of state assets into private hands something that he thinks is also going to be a good deal for the russian economy to go to school. so she loans amounts but it has only bruce get you thr

this meeting often being called russia's answer to davos the st petersburg international economic forum of course had a lot of big business that went along with it a part of that fifty contracts having been cited about it to some seven billion dollars worth of work that was accomplished here among the deals of philips signed a memorandum of agreement with the russian atomic agency to establish an eco system for nuclear medical research here in the country so that's an important point also as i had mentioned spanish prime minister is up at taro in st petersburg for our work on the conference and in russia in spain. working on contracts that were worth some eight hundred million euros when they put pen to paper here in st petersburg all mung them the countries will jointly build new trains and they are working to develop oil and gas here in russia so that's new business and investment coming into the country always a good thing for the leadership here russia and spain aiming to boost trade to about ten billion dollars a year or so a lot of big business coming out of the out of the st pete

they say it is about international economic forum has been discussing how to avoid another global economic meltdown encouraging major funds to take a fresh look at the new horizon for investors in russia. and it can put a tentative peace in libya as tunisia up with an island a new photo. between colonel gadhafi and opposition rebels it's also called for russia and the african union to act as mediators have the kremlin's and boys touring the region in an effort to broker peace. time not to dodge the snow it stereotype but most people apply to russia as we need bikini clad bathers of the black sea resort next. if you're taking your first trip to russia you'll probably be more inclined to pack a fur coat rather than a bucket and spade but if you have down south of the krisna dollar region you'll find long sandy beaches and hundreds of kilometers of beautiful coastline literally millions of people flock here every year proof that while russia may be famous for its snow and skiing there's plenty of sun sand and see here as well. this is the longest developed embankments in europe fourteen kilom

the russian leaders keynote speech comes at a major international economic forum here in st petersburg more in just a moment for me and he said now a. war hostility the u.s. congress threatens to block washington's campaign that's now been in full swing for ninety days without proving. the palestinians are scraping for a living as israel withholds money. could be used to fund terror attacks. world news and much more twenty four hours a day you're watching r t welcome to the program now a country free of corruption move towards modernization and the world trade organization that's the future president dmitry medvedev outlined for russia on the scent petersburg international economic forum. ways at the meeting and give us more details on this now and what exactly did the president say about his plans for modernizing russia. modernization certainly was the main theme and in fact it ran for a very smooth. into all of the other problems that he touched upon so modernization is connected to all of the problems and challenges that it faces to modernize its economy as the president laid out in

meanwhile the same petersburg international economic forum for discussing how to avoid another global economic meltdown and encouraging major firms there to fresh look at the new arising from bets this here in russia. and we take it to the end of the earth to our dark took care of the most southerly russian orthodox church built in a place you least expect. you watching r.t. it's one am here in moscow my name's kevin irwin with you tonight on our top story a real war that so greece's latest finance minister sums up the job ahead of him he's been tasked with securing another multi-billion euro bailout the criteria for which means slapping an outright hostile greek public with more austerity cuts this is countries like turkey which ones are the dreams of e.u. membership are beginning to rethink their plans. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro not anymore turkey's attitude in short can be summed up very simply a big part of the euro took on the streets seem to have a wide range of opinions on the

crisis happening again major business and political leaders and discuss just that with the international economic forum that's just wrapped up in some places. and syria faces a third round of e.u. sanctions amid poll deadly anti government crackdowns which sold more than a dozen dead and allison is great nation one. very good evening from art see my name's kevin owen it's nine pm here in moscow and our top story tonight a real war that so greece's latest finance minister sums up the job ahead of him he's been tasked with securing another multibillion euro bailout a criteria for which i mean slapping and outright hostile greek public with more start to see cuts in some countries like turkey which once harbored dreams of e.u. membership beginning to rethink their plans to. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro or not anymore turkey's attitude in short can be summed up very simply very glad going to part of the euro turks on the streets seemed to have a wide range of opinions on the euro but their countries doorstep

start with one of the most important russian economic events of the year in st petersburg international economic forum. the city of st petersburg has always been called russia's window to europe but with the economic forum underway it has become the window to the whole world our treasure house the details on the second day of the fall. here in st petersburg president medvedev wrapped up his speech to the st petersburg international economic forum in the focus of his entire speech was basically modernisation talking about making russia a modern place to do business and improve the investment climate here in the country he said he focused on the success of the i.p.o.'s like jaan decks and mailed out rupe talking about how the russian i.t. companies can make it happen and also focused on the ten billion dollars state backed private equity fund that has been established in addition to that expanding a government sale of thirty billion dollars in state assets something that he says needs to be done in order to improve the economic climate he says russia does face some challenges there is too much regulatio

bodies business team is also keeping track of what's coming out of the international economic forum the transit is there forus. president medvedev announces that the government is planning to privatized more of its assets and move toward a more open economy more live from st petersburg coming up. china may be the world's emerging power house but its lead us still. the global recovery is slow and fragile and more reform is needed he tells been speaking at the economic forum there in st petersburg a day after failing to agree on a major energy deal with russia talked about g q is an expert in russia china relations and he's told us he's optimistic about the deal it'll just take a bit of time. negotiation will be tough there will be a lot of terms that need to be determined negotiated it takes time but i'm basically optimistic about finding and b.o.r. timidly because of the fundamental fact there this economy is a highly complimentary to each other so it must if a deal is signed it will be a win win situation russia need to be more diversified in terms of the market. i was to also was abou

the us in the street notes speech comes at a major international economic forum here in st petersburg more in a moment from me and he said now a. wall of hostility the u.s. congress threatens to block washington's campaign in libya that's now been in full swing for ninety days without lawmaker approval. and thousands of palestinians are left scraping by for a living as israel withholds money owed to the government over fears that it could be used to fund terror attacks. just after two pm here in moscow you with the restriction country free of corruption and a move towards a modernization and the world trade organization that's the future president jimmy truman who had the outline for russia although during this interview some petersburg international economic forum. he has details on this. modernization certainly was the main theme and in fact it ran through very smoothly into all of the other problems that he touched upon some modernization is connecting all of russia. in talent bases to modernize its economy as the president laid out in terms of modernization for these. business exe

centralizing power and stifling corruption goals voice might need to be made safe here at the international economic forum in st petersburg join me and he said now wait for more details in just a moment. no consent and no cash u.s. congressmen say they'll cut funding for the libya campaign unless the president gets the proper constitutional go ahead for the ongoing war obama's ninety days of action without sanction runs out this week. and palestinians are out of pocket after israel holds back millions untouched dollars leaving tens of thousands of people without their wages. a very warm welcome here this is our live from moscow now russia must modernize its economy in the next few years regardless of who is in charge president medvedev sabine outlining the country's direction at the st petersburg former top business leaders and also a warning about the government's larger role in the economy along with corruption threatens development and must be tackled and he said now in our reports from before and some people spoke. but there are certainly a lot of obstacles and president medvedev knows that became ver

but i have a coming the crisis in the usa will be discussed in st peters but i do international economic forum that enters its last day covering from recession and the creation of an international financial center in russia the focus of discussions as the internet is there. in spanish prime minister and the finnish president yesterday russian outlined vision of a future in the state's dominant role in economy corruption but the main threats to development. business bulletin and about fifteen minutes time and they did today a special edition of on the money where people have out talked to people at the cent pieces but for him about what lies ahead for business in russia. at least sixteen more people have been killed in syria as mass protests there continue the e.u. is planning a third round of sanctions against the regime of president assad if it's deadly crackdown on demonstrations but antiwar activist brian becker says the sanctions are the first step towards why did intervention the e.u. if it adopts these new sanctions the third wave of sanctions there incrementally ask a lady in the u.s. a

meanwhile the same fears about the international economic forum has been discussing how to avoid another global economic meltdown and encouraging major firms to take a fresh look at the new horizons for investors in russia. and around we'll bring you to the end of their town targeted at the most start of the russian orthodox church though it had a place you'd least expect. international news life in moscow this is us he with me thanks for joining us economic turmoil in the eurozone is turning up turkey from joining the european union opinion poll

crisis happening again major business and political leaders have discussed just that at the international economic forum that's wrapped up in st petersburg where we're heading testament as well in fact. and syria faces a third round of e.u. sanctions amid more deadly antigovernment crackdowns which saw more than a dozen dead and thousands raged nationwide. so that as promised up next we head back to some petersburg where people have been quizzing delegates at the forum about boosting the investment in russia. hello and welcome to on the money with the business of russia business. today we're