hello and welcome to on the money with the business of russia is business i'm peter labelle today we're talking about russia in a global economic context. discuss this i'm joined by years of we suppose he's the chief economist at deutsche bank also in the studio with me is nick poole he's archy's business editor and we look he is head to head of asset management at gazprom bank but first gentlemen let's have a look at the impact of the w t o entry for russia's economy. eighteen here is a wing pros and cons and overcoming obstacles before russia has made it clear it will join the w t o the benefits range from boosting russia's expats potential to attracting more of. an ancient metal secretaries likely to get the most out of the w.t. no exception well agricultural and want to industries are predicted to lose ground its parent company its production actually to so far this sector has been able to survive to two protective measures taken by the russian government as well the whole point of the world trade organization is to reduce the sum but it's to level the playing field. so you've got a