here to convince rich russians to invest in his company all right let's get more details from katie pilbeam from our business desk so katie it's not like father like son after all for the romney family when it comes to relations with russia that well you would think that is a well having looked into it we can see that mitt himself is actually invested rather heavily into the russian economy even in the last year or so he had seen as an energy major gas prong also invested heavily in the largest search engine yandex as well and he cut short these investments they both lost approximately six months and he got rid of them just before the presidential election campaign kicked off all right so did he sell them at a profit or loss a loss a loss what well i mean mitt romney is known to be well a distinguished businessman why would he sell at a loss what exactly i i mean as. they just before the presidential election campaign he was saying these are all the hawkish comments he mentions one yourself about the geopolitical foe he's also been saying that president obama has been too soft on russia whi

has been a reelected as a board member at a meeting that took place and friday business artie's katie pilbeam has all the details if anyone knows the ropes yet it would be eagles he was head of the company's c.e.o. from two thousand and four to twenty levin as you know you know during the time he was also you deputy prime minister of russia now the chief aim of the president was to that you met but it is these big government officials who would know also be running a big state companies so it was a result eagle so it's not he stepped down as the c.e.o. if. he carried on his role as deputy prime minister now made the shift. and he did really this is something that he did say hey listen you can be c.e.o. for us to get money so you make this thing oh so you got the. right people you for some of the five billion dollars to the guys that have been so important and powerful you could all get this. the italians have a come up with an interesting way of fighting recession and unemployment while the u.s. powerball lottery this week offered a five hundred fifty million dollars jackpot and italian super

has been a real acted as a board member at a meeting that took place and on friday katie pilbeam is the wrong headquarters here in moscow with all the details so katie's section is back on the board of directors just as was never gets ready to become the biggest publicly traded company in the world's biggest i should say is that a good thing. was that depends on who you was but this is at the end of the day if anyone knows the ropes yet it would be a go set to he was head of the company's c.e.o. from two thousand and four to twenty i love it now as you know not during the time he was also you deputy prime minister of russia now the time when the president was to meet you met that if you did this in these big government officials would know also be running a big mouth deep state companies as a result he goes that you know he stepped down as the c.e.o. of office yes he carried on to build his role as deputy prime minister now made the shift president do you think came into power and he did really make the government . but you did say hey listen you could be c.e.o. of trusted once again as

brothers get the details on this deal from marty's katie pilbeam at the business desk so katie why is the pozo selling ups of desperate times calling for desperate measures pretty much the my they have got financial difficulties they are in the midst of the european sovereign debt crisis that dumond from european customers is dwindling as well as popularity in the us as well going down.

economical and political collaboration co corp well let's get the details on this deal from katie pilbeam she's at the business desk for us so katie purchase a trend is selling up desperate times desperate measures yeah i think they do definitely. persia's financial strains at the moment they are in a bit of a sticky situation a lot of that is being caused by the dwindling demand from the likes of europe and the u.s. they did say back in february that they were selling one point five billion euros of equivalents just under one point nine billion dollars in a cost cutting programs they've also have the banking and the credit of that business actually rescued by the government as well as that they had to close a factory just outside paris and as a result had to slash eight thousand jobs as a result so now a days we see russian railways coming in like the white knight to save the day but you know even a few years back you wouldn't expect european companies to be even trading with russia now time to change you know definitely and you know like i say europe is in the midst of a financial crisi

thanks very much katie pilbeam at the business desk. and moving on the eurozone finance ministers are meeting on monday to discuss greek debt problems they'll try and convince the international creditors to send the next tranche of bailout money to greece within the next few weeks and has to come in time for the country to make its next debt payment early on monday i spoke with steve jacobson chief economist at sachs a bank in copenhagen he says there will be no when when situations somebody will have to accept the loss. part of the solution this time around will be that greece is giving up to ten billion euros to buy back some of their own debt and retire but you have to remember that indebted in itself is what we call an o.s.i. a public sector involvement in this means that if sensually we have started the process of taking have customs a greek debt so you know one hundred twenty percent one hundred twenty percent to twenty two percent of g.d.p. doesn't really matter everybody knows that if your debt to g.d.p. is higher than ninety yo

cyprus is on a quest for foreign financial aid and as we'll find out in full from our business host katie pilbeam in just over an hour but kate in the meantime the on and could face some hurdles on the way couldn't absolutely is that she in danger of isolation bill from europe thing can just as a last ditch the island's popularity with robson's i'm going to be in the studio at eight thirty g.m.t. to explain all the d.c. details. thanks a lot kitty now to some other world news this hour here on r.t. at least eighteen people have been killed in a separate orange i should say three separate bomb attacks in afghanistan the deadliest blast was in the southern helmand province when a minibus hit a roadside bomb killing ten civilians including four women and two children the second attack killed three policemen we did two others in the southern city kandahar and in the east a military convoy struck a mine killing five local troops. a court in bahrain has denied the release request for a prominent human rights activist not be able to jump his case has been adjourned until next month he's serving time for

to discuss this and more details let's cross over to the business desk point katie pilbeam is on top of the story so t.v. camera. are seeming to be playing their own game of ping pong aren't they exactly we know that who said he went over to london for the olympics and apparently it's then is where these talks took place between cameron and putin to do with the north train going to britain we know that gas from fifty one percent of that house was a choice because that is all a legit at the moment who got inside information on the head of b.p. russia david p.t. has apparently said that the talks already in early stages to do is going to be done and dusted by the middle of next year and hussein has also expressed a desire for gas from to have twenty percent of the british gas market which would put it just behind british gas well ok i can understand that vibe to feed seems like they just got out of russia why would they want to go back it just sounds absolutely crazy i know what i suppose some people are saying actually it's how we know the relationship b.p. the partnership it was to m