relationship with ross nafta it includes exploration up in the arctic sea which we think is one of the most prospective areas in the world down in the black sea in russia also deep water another opportunity for us to leverage superior technology but we're also bringing ross nafta into projects globally in the united states and canada or another but it's very interesting is that you know russia is still very known very well known as being a quote unquote dependent on export of resources like oil and other things vladimir if i could go to you i mean we just one gave us a really pick surely in then from what i know about it is true that the relationship that wrote russia has with oil majors and other energy companies are very good but let's step out of the energy sector right now what are some of the barriers still when i say large companies or mid-size companies want to come here or they can have the same experience as a an energy company. well i think we heard the really the two sides of the story because the early pioneers if we may say saw of foreign direct investment in russia you kn

for oil deliveries from russia within a fortnight the money is owed to russia's top oil company ross nafta and pipeline operator transnet in return russia promised to consider the price of existing and new contracts with china the deal follows prime minister putin's visit the earlier this month problems between the countries arose in march when china decided russia was over pricing its oil by two to three percent and car payments according. russia's pipeline monopoly transnet and investment group so much capital were discussing a possibility to create a joint venture to ship russian oil from water down last week so much in the branch of world trade a vitol one attended to build an oil terminal in the dutch city the fifty five hector facility is planned to start operation in four years and expected to take on a significant share of the global oil trade earlier this year so my capital and trans left purchased a port in the black sea to create russia's leading crude export operator speaking of crude let's take look at how it's trading on the markets at this hour and well it's very massive gai

welcome isaacs was up over two percent now let's have a look at some individual moves on the line six ross nafta has rebounded company losses anything over three percent in the black call was also high on the company's close to buying moscow internet provider where tea for thirty seven million dollars and talk like a come august was up supported by stronger results its net profit rose to two point seven million dollars against a twelve million net loss last year. one of those prefer cards to catch up to seventy nine million dollars may disappear from people's plastic in russia by the end of the year the general government has this account. in the first half of this year russian banks have lost seventy percent more money from illegal credit and debit card operations then in the same period last year and this number is actually very alarming considering that the overall number of operations has increased by just thirty seven percent first rose have already stolen over a billion rubles from private bank accounts and the forecast is just to one point four billion more before the end of the year expe

still the company's shares are down two and a half percent the country's biggest oil producer ross nafta's shedding more than one percent dragged by decreasing oil thirst wise make it will kylie is losing two percent off your western front on capital still sees chances for gases relative continued. commodity prices have been firming. up so again that looks like this relief rally can continue and we should probably expect to be led by again by banks and materials as was the case yesterday. i would though say that in this market it doesn't take much to bring it back down again because you know yesterday we saw mainly sellers actually on our floor although we know that some was buying. but it doesn't look like we have a strong conviction for for the russian market us and yet. that's all we have time for now another business update unless someone also you so do stay with us that. all. feel. the limited to just sleep. subsists to. subsist. on. in the united kingdom is available insists the only house bill and the forty one hotel the old waverly hotel make it simple such as the mill stone hotel

which was now the initial request was a quarter of a quarter that now at the beginning of the year ross nafta and b.p. agreed to jointly develop the rich accept feels but b.p. has russian partners in take a d.p. gluck the deal saying if i lived at their rights and i'm not a part of the tile the minority shareholders now want compensation for the revenues they could have made if it's. that's my business ok for this hour but then five forty five minutes a lot here on. the earth. he.

them isaacs is up one point two percent all majors are on the rise supported by strong recruits ross nafta is up over one percent in the black for the sell financials are also gaining with the bank of moscow more than three percent in the black and retailer seven continent is no exception its first net profit has rocketed from. thirteen thousand dollars to fifty nine need. to double the required minimal level of bank capital to five point seven million dollars starting from next year it's also planned to bring the benchmark to nine and a half million dollars by two thousand and fifteen he moves aimed at motivating small market players to grow and increase the financial stability of the sector analysts say if the plan is approved up to a third of russian banks will have to choose between boosting capital or quitting but it's. nice kelly sue with the creasy in a comic activity around russia a lot of companies currently facing difficulties with attracting funding both short tall men wallets and with opening new credit lines among russian banks so inability in financial sense in short silm and

russia's biggest oil company ross nafta is down over two and a half percent as graham bank is losing two point four percent bucking the trend. it's a one person it's on the one percent on the news it's. considering opinion listing on the london stock exchange. the russian government is putting some numbers to the help to the help it might offer to the eurozone presidential aide arkady dvorkovich says that this could mean up to ten billion dollars for the debt fund this would be done through the i.m.f. by bilateral agreements with individual countries speaking exclusively to r.t. for coverage explains why russia should want to bail out the formerly wealthy west we. need in the european package why the international monetary fund why because most of the money could be used in different way otherwise what we would do since we are interested in this to be a communal. experience in europe stability of the month for our exports the we need to finance our own programs or own needs. and you could watch the full interview with our guide our course later in this week and our interview with sop

for oil deliveries from russia within a fortnight the money is owed to russia's top well company ross nafta and pipeline operator transnet in return russia promised to consider the price of existing and new oil contracts with china that he'll follow as prime minister putin's visit there earlier this month problems between the countries arose in march when china decided russia was over pricing its oil by two to three percent and car payments according. speaking of world circular going to how it is trading vis our w c i is rising to trade at the highest in twelve weeks on signs that improving the signs of improving u.s. the montoyo has gained more than twenty percent in the last three weeks light sweet is up to two dollars sixty eight cents this brant is correct twenty five. u.s. markets are trading lower after a poll showed consumer confidence declined in october investors also moving out of stocks and into t.v. bills due to the uncertainty over the meeting of european leaders sergio wednesday video rental provided netflix is down thirty five percent i'm in brokerage downgrades following its

news was also low as investors with interest actually wait for an actual result of the summit ross nafta's gaining three and a half percent of a close after a pause and almost twenty six percent you respond that for the first nine months of this year good results coming from stay over didn't support the energy holding up just point one percent of the closed bucking the trend is electronics retailer and video as company failed to agree on a merger with its rival over why. are the markets you know quite buoyant today you know basically there's a sort of positive noises coming out of the e.u. summit in addition to that the oil price is still hanging above one hundred ten dollars which is quite strong and good signals from china that it may some monetary policy which is encouraging and later in the day the market got another boost from better than expected durable goods orders coming out of the us. and actual gas monopoly gas from may pay out record dividends this year the energy giant six billion dollars twice the amount paid a year ago that would be a record high for gas from what i would ma

s tie up with ross snapped the initial request was a quarter of that at the beginning of a year ross nafta and b.p. agreed to jointly develop the rich arctic fields but b.p.'s russian partners. block the deal saying it violated their rights and the man that part of the tie up the minority shareholders now wants compensation for the revenues they could have made if the deal had help. well that's all i have for you this hour stay with us for headlines before me coming up next. the. damage the official tea allocation joyful noise.

russia as seventy five million dollar debt will be repaid to russia's top pretty ross neath and the pipeline operator trans nafta within two weeks in return russia promised to consider price terms for existing and new contracts with china the deal follows prime minister putin's visit to the country earlier this month problems between the countries arose in march when china decided that russia's over pricing it spoiled by two to three percent and cut its payments. russia's natural gas monopoly is eyeing to buy the german energy and telecom company and of com the company produces electric power using a green energy and sells natural gas and internet services and talks have been going for several months but no final decision has been made so far last week german authorities approved the sale of a portion of to gazprom if the deal is completed it will be the first time gazprom will get access to the end users of natural gas in germany and because as an independent energy provider with a turnover of around seventy five million euros it's time to turn to the markets and start with well it is a rising in the u.s. trade

compensation following a collapse of the peace tie up but ross net their initial request was a quarter of that at the beginning of the year us nafta and b.p. agreed to jointly develop the reach arctic fields people his russian partners and saying he b.p. blocked the deal saying it's finally did they are right science demands it's part of the tie up the minority shareholders now got compensation for the revenues they could have made if the deal had gone ahead. let's have a look at the markets oil is trading lower after the american petroleum institute reported q as gazan demand fell the most in more than five years in china exports climbed to the least since never a lot smaller as imports slowed light switches dropping a dollar and a half trading at eighty four dollars per barrel while brant land is at one hundred nine dollars a barrel. in europe stocks are lower the fruits of falling from a two month high that's us mining companies declined for reports of slowing exports growth in china germany's debts shedding one and a half percent. for the markets are generally low as world dropped after the international energy agency which us