say everything will be ready in time to hold them to their word the president of the international olympic committee has just paid a visit a special interview next on r.t. . and. there again the president of the international olympic committee it's so great to have you here with us in sochi and i know it's not your first time in the city and start your first time inspecting and i linked facility what is preferable to actually modernize existing facilities to a big city like in london thank over beijing build everything from scratch like in sochi the world we have no preference between you two would on the pipes of project what grounds you the quality of the game for the at least are we for the welfare of the athletes and then we have two options either we go back to something that has already organized the games have been referred to refurbish and we are graded. from referred to a part of your country would be the complex like the ones or three. vadra said because i think the quality of the game for good at least comes first but if you've been expecting such a now how's it looking what have you seen

will be ready in time and in order to hold them to their promise the president of the international olympic committee has just paid them at this it that's next. and. yeah the present danger nationally think that mediates so great to have you here with us in sochi and i know it's not your first time in the city and your first time inspecting the facility what is preferable to actually modernize existing facilities to a big city like in london thank all over beijing and build everything from scratch like in sochi the world we have no preference between the two types of project work girls are good quality of the game for the athletes are we first look at the welfare of the athlete had there we have two options either we go back through a city that has already organized the games when we first heard of refurbishment and we agreed that. we start from the third or the country will be the complex straight away and so three. percent figure but the quality of the game friday at least comes first what you've been expecting so she now how is it looking what have you seen so far so far very pleased i think. of t

the president of the international olympic committee thank you very much for this interview my pleasure. to go through ten year old boy. we train him out of jail we his officers develop the orders for them so. that we never explain to them why it's ok. most people at the point of looking down in time to pull the trigger became conscientious objectors. i don't remember squeezing the trigger and i am i don't remember seeing him go down well i remember is that we shot at him. it's a. look. at the other side are soldiers too and soldiers do what soldiers do and they're trying to kill us we're trying to kill them and that's just the ugly face a war there's. nothing honorable and killing. i went to the war zone and i started seeing how i need to check. in on a way to do there to not pick up a rival and kill another person that's why i'm applying for concerts zero. zero zero zero zero zero zero zero zero. zero zero zero whether it's life in the fast lane or the slow boat to anywhere. they shouldn't alongside. natural science and technology updated. the diversity of this land in such a mug colo

everything will be ready in time and to hold them to their word the president of the international olympic committee has just paid a visit. yeah the present danger nationally thing committee so great to have you here with us in sochi i know it's not your first time in the city and your first time inspecting and a link big facility what is preferable to actually modernize existing facilities to a big city like london thank over beijing or build everything from scratch like in sochi or world we have no preference between two to two types of project what is the quality of the game for the at least so we first look at the welfare of the athletes and then we have two options either we go back to a city that has already organized the games we refer to refurbish and we upgrade it . from referred him or to the contrary and we build a complex like the one in sochi. because that is but the quality of the game for the at least comes first what you've been expecting sochi now how is it looking what have you seen so far so far very pleased i think did the team any chance or we respect that all the deadlines we s

the games are not organized by the international olympic committee we supervise we advise we support financially but the whole the whole identity is made by the local organizing committee to look at. the summer games in athens greece was the identity of coming back to the roots of olympics the greeks and saying friend after friend get into the game. beijing i then it was the most populous country in the world a lot of it will be the city that has invented modern sport for football and many of its words were invented in england so the identity will be something very local always sochi will have its own identity if you think about in your own words what makes sochi so special that was socially have a lot of special things differently. the winter aspect of your climate and your country of course in the summer it's not the case but russia has been attentive fight with snow and ice and winter i mean even you history with a spade a major rule and conflicts and wars sochi will definitely be also the unique combination of beautiful see the black sea and the mountains you don't have that many

people the games are not organized by the international olympic committee we supervise we advise we support financially but the whole i the whole identity is made by the local organizing committee look at. the summer games in athens this was the identity of coming back to do over again for the greeks as a friend after friend to get into the game. beijing i didn't he was the most populous country in the world. will be the city that has invented modem sport for food who are many other sports were invented in england so the identity would be something very durable always sochi would have its own identity if you think about in your own words what makes sochi so special for the next we have a lot of special things differently. the winter aspect of your private and your country of course in the summer but personally it's been eventful frightening snow and ice and and winter. even you he said he went there spray the a major role in conflicts and wars so it would definitely be also a unique combination of beautiful seed the black sea and the mountains you don't have that many times because it's clo

russian president dmitry medvedev has been busy awarding international olympic committee chief rog a on others for their contribution in developing sporting relations with russia world ice hockey president really fast international with lifting federation head start i and i doubly at athletics presently i mean di i see the recognition from through the mistakes of their respective sports those men they are all i see version of at various points work closely with russian organizing tournaments and other sporting in. the countries world class athletes in attendance no that means minty also feeling lies ahead especially with the winter olympics in sochi in twenty fourteen fast. but. i'm glad to wards those individuals who have helped develop and bring worldwide exposure to sport by hitting their respective federations there are plenty of fans of those sports in russia and they'll all be glad to see athletic battles contested in the arena as across our country our work in cooperation with the international olympic committee has also hit new heights as we continue preparing for saatchi twe

just reward russian president dmitri medvedev recognizes this thing which the international olympic committee member for their contribution to russian sport. and one from was on the top ranked novak talk of age claims his opening victory at the end of year eighty the world tour finals in london. let's get on with the moscow could put their place in the knockout stages of the champions league this very week evening the army man gearing up to take on french side lille aleutian nicky stadium constantine to top off continue the build up. after cleaning four points from two games against arabs on spork so disgusted wrongly in contention to clinch one of the two qualifying polices from group b. and in there to me the army men will host a live in their first ever meeting in september to discuss what's railing to kneel after and been awarded the riches cord in a thirteen minute spell either side leans or well but they must go right side for the back to snatch of whites and draw thanks to a brace from say dude. years coming to mash on the back offer to wonder mr defeat to rubin was more than a game fr

nations closer together a prime minister later joined the presidents of the russian and international olympic committees at the ball where the trio must have had plenty to discuss given that the biggest country on earth is about to take the center stage for world sport's greatest spectacles overseas a ship with a high seas get out of russia's cities will soon become the grounds of a major global sporting event i'm referring to the university as a limp x. the football and hockey world cups and many other major competitions. we understand how these events offer the future of russia for the young people of our country the entire russian nation and for the cause of promoting the values of a healthy lifestyle russia's next major international events take place in two years' time when consigned hosts the twenty thirty university games for now those celebrations aside the country's eyes are on the athletes wore a bounce of a tested at the summer games in london rome on call for a party moscow and that brings us to the end of sport for the moment so i'm back with. mission three couldn't take three months for th

nations closer together the prime minister later joined the presidents of the russian and international olympic committees at the ball where the trio must have had plenty to discuss given that the biggest country on earth is about to take the center stage for world sport's greatest spectacles was always a ship he's good at russian cities will soon become the grounds of a major global sporting event you are referring to the university as the at the sochi olympics the football and hockey world cups and many other major competitions we understand how important these events are for the future of russia for the young people of our country the entire russian nation and for the cause of promoting the values of a healthy lifestyle for russia's next major international events take place. two years time when because i host the twenty third seed university gauge for now though celebrations aside the country's eyes are on the athletes who are about summits tested at this summer games in london ramon koester of r.c. moscow. i think.

more interest if you get it here or not see we will talk to the president of the international olympic committee about the preparations for such a two thousand and fourteen before that though his career with the business. thank you rory hello and welcome to business use this hour with me creating our county european stocks as snapping our three day rally after standard and poor's cut the credit ratings of pritish and american banks the calls have been anticipated and market pressure brought about by the e.u. step crisis mahler's lover from e.t.f. capital believes that the ratings could cut the ratings cut could lead to another credit crunch. i think we need to be worried about the going to search as a whole and what we're finding with the search across the globe is stuck between a rock and a hard place at the moment. banks are required to learn more so the sort of businesses in order to avoid global economies within the also records hold more in terms of crumple on their balance sheets increase we do have another credit crisis and with a credit rating downgrade the cost of doing business with th

but i don't know just a few minutes here and we talked to the president of the international olympic committee about the preparations for two thousand and fourteen before that as i promised the business. thanks for joining me action by the world's major central bank has given a powerful lift to equity markets around the world six central banks including the u.s. federal reserve and the european central bank agreed to lower the cost of dollar swaps as means to boost the quiddity and avoid a credit crunch meanwhile the chinese central bank took a look at a unilateral measures to goose liquidity and its economy alexandra kirk you've come from for a dialogue explains what's been going on. police or the bank which. are . changing their reserve requirements to approve the bill in sight for the chinese banks just to ease the situation with liquidity in the chinese markets bought off towards the major news came to seventeen with zero zero small school time where all the major little circle banks in the world to the east are against war for a reason so the for the us dollars actually it's not the very

all right in just a few minutes here and he will talk to the president of the international olympic committee to discuss in our exclusive interview all about the preparations for saatchi two thousand and fourteen for that like i promised the business with dmitri . thanks rory rush or maybe you're on the way to investment starvation an economic ministry expects the country to see a six percent growth in investment twenty eleven and a slightly higher increase in the coming years almost half the cash is still coming from the state the economic ministry says that's not enough to finance russia's ambitious plans for modernization with no more opportunities to stimulate economic growth with budget spending. twelve out of the markets where oil is losing ground following three sessions of gains that's after the american petroleum institute reported an increase in u.s. crude imagery is light sweet is now up to almost ninety nine dollars per barrel it's a bit above that brant is down one dollar one so european markets are lower after start enforce cuts of credit ratings on twenty lenders from bank of a

when in just a few minutes from now we'll be talking to the president of the international olympic committee about the preparations for sochi twenty fourteen before that as promised his career with the business news. my. thank you bill hello and welcome to our prisoners update this hour the world's six biggest central banks take joint action to support the global financial system they agreed to lower the cost of dollar swaps as a means to boost liquidity and prevent a global credit crunch now the decision has given a powerful lift to equity markets around the world meanwhile the chinese central bank took unilateral measures to boost liquidity and its economy and xander go from talk about explains what's been going on. well you sort of the big rich are right in the. cheese you know there is your requirements so it can be done sorry for the chinese brains just too easily simple reason with liquidity in the chinese market bought off the words that made you news came. over to commune with zero zero small school children where all the major surgical banks in the world to the east of us war were r

and finally the fear of the international olympic movement is only on moscow this weekend for a prestigious ball to celebrate the russian and the committee's centenary and one quarter of reports of. the london summary and picks are just around the corner and most athletes are in their final preparations stages perhaps that was one of the reasons why the in people's guests were largely depends on pension research various sports organizations. from around the world the stars of the past were on hand to enjoy the well deserved praise from the big wigs and today's athletic talent was that they would have i think a true russian is one who takes pride in russia's difficult and sometimes controversial legacy and in the russian language i mean both the history and the language the names of our heroes the heroes of russia are carved in them there are parts of them and this is important for all our people who are related to achieve mintz the rest of the world through was aware that russia is a nation of many olympic records. events was held right next to the kremlin and didn't go unnoticed by russia's leadership with the lads in their boots enjoying