economist jeffrey summers what hear from him later i have to interrupt our coverage now because russian foreign minister sergei lavrov is giving a press conference on the latest developments in eastern ukraine let's listen in so we're. agreements really agreements. finally reached the destination. today distribution of the humanitarian aid begins. the representatives of the international red cross committee participate in this they advise local authorities on. the distribution plans. and we expect everything to be. those who need aid almost all the population of the lugansk region and even in donetsk region those who need the aid will receive it we hope. still it is understandable that the convoy situation was not healthy we tried to. act within the norms and principles of the international humanitarian law we received the initial agreement of the create inside which was confirmed by the note of the minister of foreign affairs of ukraine of the twelfth of august we worked with contact with the customs services of ukraine their representatives were present and are present as i understand

repay nine billion dollars this year at a time when its currency is an all time low economist jeffrey summers believes it's a catastrophe. we have this ever shrinking g.d.p. we have the loss of crimea horse the lost production in the donbass region and the cost of the civil war itself so it's really quite a catastrophe and i would say that the i.m.f. is in denial regarding the ability of ukraine to pay bondholders or itself. not only is the country's g.d.p. falling but its energy bill is increasing and this represents not only a worsening of its balance of payments position but also makes ukrainian industry you know what little there is left function and even less competitive even higher energy costs moreover we have the situation or it has to pay for expensive gas with a declining currency is. the conflict the heartland if you crane's economy they didn't that region that's where the country's main g.d.p. driving plant some factories are based many of them have been either badly damaged or shut because it's too dangerous to work in a war zone much of the regional infrastructure has also been

to repay nine billion dollars this year this when its currency is at an all time low economist jeffrey summers believes it's a catastrophe. we have this ever shrinking g.d.p. we have a loss of crimea horse lost production in the donbass region and the cost of the civil war itself so it's really quite a catastrophe i would say but the i.m.f. is regarding the ability of ukraine to pay bondholders or itself. not only is the country's g.d.p. fall eighty but its energy bill was increasing and this represents not only a worsening of its balance of payments decision but also makes ukrainian industry you know what little there is left function and even less competitive even a higher energy costs moreover we have the situation or it has to pay for expensive gas with a declining currency is all the latest video from ukraine is posted on our you tube channel were you can also see how independence day was marked in the country two parallel parades were held one in kiev the other in denouncing both featured ukrainian military vehicles though in markedly different ways as a display of might as trophy ranks

jeffrey, maintains a neutral rating. good morning. >> good morning. a lot of people in the springtime said, watch this name historically it tends to trade well during the summeras everything pretty much gone according to what you thought would happen? >> yeah, maybe even better. talk obviously of them using expensive components like sapphire screen, people worried about litting gross marriages and that hasn't come through. talk of the 5 1/2 phone on a staggered launch, a strong march quarter and march ends up being weaker. positives have given validity to the run. >> what happens now almost at 102? >> the stock holds in. the rule's to sell on the news, maybe we can hold in until march. but the fact of the matter is, perhaps the i phone 6 bringing through pentup demand, people moved to installment plans in the u.s. and the question is, what happens this time next year? do we end up with flat volumes or declining volumes, as everyone went for a huge iphone 6 replacement cycle? without a new device category, you know, where does growth come from in 12 months' time? >> those concerns obviously, people worried about the ipad, samsung bringing asps down overall, th