to spotlight our nabhan just to remind you that my guest in the studio today is no need of the president of the institute for energy and finance we're talking about the investment forum that taking place in the russian resort of saatchi where the the world financial lead has gathered to discuss the in the investor russia the situation russian economy and also first of all the financial situation of russia well i in this respect wanted to ask mr what if how easy or how hard is it to borrow money in russia which means has the russian financial system glover big money. i'm sorry well both. small money is a problem but it's a global problem but after the crisis in europe carvery it's very hard for small business to get to be created so of course but we have nobody doctrine of rates and depositories and created three it's sort of the getting could be easy in inflation is not too high for big money it's a problem it's a victim suppression financial system has very weak one market and limited capacity of bank so most of project could require or project finance or go international investors so b

providing more capital but sending -- the business administration took this to nabhan programme back from the banks and filed it under the federal government, saying we do not trust the bank to make student loans. now they are taking those same banks and saying we are going to instruct you and give you the capital to make small-business loans. student loans are easier to make them small business loans. there's a different risk profile. the federal government is telling these community banks, we don't trust you to make to lawns, but we will enable you to make small-business loans, but then we are going to be looking over your shoulder. i don't think some of these programs will have the bank for the buck that they otherwise would. i will slip through the budget stuff because that cuts both ways. right now we have a budget problem, but it is a long-term budget problem. the deficits we have seen in the last couple years and we are likely to see next year are to a great extent the result of a very steep economic downturn. the budget problems that are truly problematic for an economy such