with the world economy ending up in dire straits we speak with the first deputy head of the russian central bank and the. spotlight is next. hello again the welcome to struggle i.v. interview show on our i love you know and today my guest on the program is cheap or you pride. year has been particularly challenging for the world because christine lagarde the managing director says the financial crisis has shattered gears i would love pushing it to the break another recession but russia relatively speaking has fared pretty well delivering growth and a balanced budget but still the risks ahead are real and russia remains vulnerable to external shocks like for example falling and as you propose so how will the country get ca two thousand and twelve we're asking first deputy chairman of the russian central back i don't see how you can. despite global economic instability russia has prospered in two thousand and eleven official say the end you inflation is at historic low or time to seven percent while g.d.p. . is up almost five percent consumer loan rates have dropped significantly reaching the pre-c

next to the show's spotlight and today i'll get no false the files deputy chairman of the russian central bank and the. russian is vulnerable to external shocks including the eurozone crisis. this is. history in the making. testimony. ten stories that shapes two thousand and eleven. hello again the welcome. to new show. and today the program. has been particularly challenging for the world because christine lagarde the managing director says the financial crisis. pushing it to the great. relatively speaking has fared pretty well delivering. a balanced budget but still the risks ahead are real and russia remains vulnerable to external shocks like for example fall over and as you propose so how will the country get two thousand and twelve. the first deputy chairman. despite global economic instability in russia in two thousand and eleven official say the end you inflation is at historic a seven percent while g.d.p. almost five percent consumer loan rates have dropped significantly reaching the pre-crisis levels and deficit rates have risen the central bank also has the world's third largest fore

guest on the show today is i like to see you cry and he's the first deputy chairman of the russian central bank and we're discussing the financial results off two thousand and eleven and maybe what it's awaiting in two thousand and twelve mr cash. the. i.m.f. and i would say mr perry bret he was interviewed by spotlight a couple of weeks ago and he said that russia has the potential to grow six per cent per year he said that sitting in your chair would you agree with this assessment from the i.m.f. or the wall on us that i'm not so optimistic about the potential i believe that in. future and global post focus not so high and prosperous and not so high because well very much dependent on the global demand demand for commodities in the month while i export and they don't want pretty much dependence on the rate of growth in the parts of the world i very much believe that the general right or wrong. it will go on down i mean in developed countries will be something around one point two percent and even in emerging markets where it will go down hopefully not so fast all is speaking about being pessi

financial markets the deputy chairman of russia's central bank alexey required says the move will affect banks here the force and somehow influence russian banks because as soon as the global markets the rate or for the stock exchange rate of financial institutions first of all boats going down it influence or russian we can see that our biggest banks which are in the market like this about one called it would be losing their position keep it inside this situation. and the current high profits this year and in that very situation their capital stock is going up in just because of the influence of the global financial situation. and you can watch that full interview with alexy were kind of in our spotlight program next week that's it from me my colleague kareen mini-con will be here in about fifty five minutes time with another business update here on. the little. this was the plant that was responsible for causing the world's worst industrial disaster and now it had been abandoned in a condition where it had become a source of pollution or the most recent study that was done shows that this water pollution and spreading. will continue to

and the american treasury secretary visits the european central bank with fought on containing the euro zone crisis. russian authorities are still holding some leading opposition figures after a large protest in moscow last night. thousands of people attended the demonstrations against the result of parliamentary elections. hundreds were arrested. the prime minister's party won the vote, but one international observer declared the elections flawed. an activist and a protester who was that the demonstrations last night, he joins us from our moscow bureau. there were, i gather, bigger numbers than had ever been seen in recent years, in moscow, for a demonstration. what do you attribute that to? >> it is definitely true. i would say that for the last six years, seven years, not maybe a regular protester -- i have been to several events -- the but i would call this the largest gathering i have seen. people say that it is 7000 or 10,000 people. i do not think that i can judge. but it was really impressive. >> why do you think that that is? the nature of the problem? or simply the protesters are getting better at

central bank is aiming. third the financial system needs to be developed further so that russians can save in rubles and this saving can be channeled to productive investment so a stable financial system is key and finally and forth you need to improve the business. investment environment did such an. excessive bureaucracy. the problems in the court system and of course exceed to the dog utility to the world trade organization you mentioned. trying to make russian save in rubles but the i.m.f. is very is a news planning to expand the number of currencies used to determine the special drawing rights is that right so could the russian ruble become one of those currencies this would inspire russians to say war in rules but i think the broader question is not so much whether the rouble should be included in the s.d.r. basket of your question or not but more a question of could the ruble become a reserve currency or could moscow become an international financial center and we know that the government has set itself this as a goal and we think it's a good goal. if you look at countries that do have a reserve curre

the session amid speculation central bank in europe has supported european banks and funding helping them whether the fallout from seoul for a debt crisis. and the russian markets also losing down by almost two percent the my sights one and a half the send us despite well prices second look at what's moving the my sags the most blue chips downs burbank one of the biggest losers down point two point four percent its present given gas has just recently said that the privatisation of the largest bank in russia may be continued off the presidential elections in two thousand and twelve oil major roles now there's also no i'm trying to make it come as is the books like the best of the market down just point some percent the company plans to increase its sales by nine percent next year. and i have seen metropole expects no significant movements in stocks and the end of this week russian market has underperformed global markets a significant of the past three weeks. by a large margin will probably continue to observe the political risk premium present and perhaps even crazier as we get closer to the weekend. and we have another manifestation scheduled to take p

mentioned the european central bank on wednesday offered loans to five hundred twenty three euro area banks as part of a three year funding operation designed to ease liquidity. russianmarkets finished down even more so the r.t.s. down almost two percent my sex one percent and three quarters secular going to main movers on b m i six blue chips and banks notably we're down to burbank declining three percent one of the biggest losers as is head gammon have said the privatization of the assets could go ahead only after the presidential elections and twenty twelve truck maker come out as was slightly better than the market down just over a percent the company plans to increase its sales by nine percent next year. the headlines are next on ask. well for. science technology innovation all the list of mellow mints from around russia we've got the future covered. if you're just joining us a very warm welcome to you this is our live from moscow on. you had. twenty six thousand strikes and no civilian casualties greets nato is claims of a flawless libya intervention. just as a bloody campaign unfolds against former supporters. crushers a freshly elected parliament has chosen i

mentioned the european central bank on wednesday offered loans to five hundred twenty three euro area banks as part of a three year funding operation designed to ease liquidity. russian markets finished down even more so down almost zero percent of my sex one percent and three quarters secular give them a move is on b m i six blue chips and banks notably downs burbank declining three percent one of the biggest losers as had said the privatisation of the assets could go ahead only after the presidential elections and twenty twelve truck make it come out as was slightly better than the market down just over a percent the company plans to increase its sales by nine percent next year. the headlines are next on the. well. science technology innovation all the list of elements from around russia we've got the few jerks covered.

the financial markets the deputy chairman of russia's central bank alexina guys says the move will affect banks here. and somehow influence russian banks because as soon as the global markets are eight or four the stock exchange at the rate of financial institutions first of all boats going down it influence or russian we can see that our biggest banks which are on the market like this about one called it would be losing their position keep it inside this situation. without high profits this year and in that very situation their capital stock is going to up just because of the influence of the global financial situation and you can watch the full interview by lexi would have been all sport light program next week and that's all we have time for now europe today it'll be back in about fifteen minutes time with another business update for you here on r.t. . culture is the same i understand my family and it's always rumors on the form would be in the body of the markers hero or traitor these are among the labels to describe bradley manning and he's a legend falding in the week a mixed release of hundreds of thousands of klaas. kids

financial markets the deputy chairman of russia's central bank alexiou clients says the move will affect banks here before since somehow influence russian banks because as soon as the global markets the are eight or four in stock exchange the rate of financial institutions first of all boats going down it influence or russian we can see that our biggest banks which are on the market like this about one call that would be losing their position keep it inside this situation. of high profits this year and in that very situation their capital stock is going to just because of influence of the global financial situation. well you can watch the full interview with alexa and a guy in out spotlight program later next week and as we've been reporting a new era is about to begin for the russian economy on friday night in geneva the world trade organization will formally invite russia to join the club a successful conclusion to eighteen years of negotiations and lists warned that joining the trade body could harm certain sectors of the russian economy particularly the uncompetitive light industry and machine manufacturing sectors but in the long t

central bank so once again it raises. both take out in twenty minutes in the business. one pm here in the russian capital this is r.t. a very warm welcome to you now the annual televised hotline to russia's prime minister is underway and the calls are stacking up but putin is taking some very direct questions not least of all regarding the fairness of the parliamentary elections which sparked days of rallies. and all of that has been listening in the joins us now and will have been plenty of unhappy voices after the recent parliamentary election what's mr putin had to say about. making the upcoming presidential more transparent. well this is a very important life televised q. and a session for vladimir putin coming as it does just after the parliamentary elections and the protests which followed those and just before next year's presidential elections now addressing. the problems that were to forward the allegations of vote rigging that were leveled or go towards those paula bench elections prime minister putin said that he would be looking to use technology to its fullest extent to try and stamp out any vote rigging

russian rockets with casey. hello thank you alice welcome to the program here and i'll say capital is still flying out of russia i'll fly reach ten billion dollars in november forcing the central bank to once again raise the full cost of the whole year to an estimated eighty five billion dollars as well and double last year's title i like c c f l m i c b capsules says cash five is down to a lack of structural employees mints. the fundamental reason for sustained. is that russia because of the russian economy can digest all this much money that they can and in that sense all fixed exchange rate with a flexible exchange rate the capital flight has become an important for the leader or for going to going to the development and basically. bubble from developing but another means that there are a. lot of russian which are better than offers to the side of russia. because bubble some no longer a very good option right so it means that structurally russia could have because of labor market there's because i wasn't clever additions or he's not able to you just look up the well it's good to see generate all this capital through saving expense for. some analysts are saying investors should f

the issue is the russians have been holding out along with the chinese in terms of diplomatic -- >> more serious -- >> serious sanctions that would squeeze whether it's on the central bankan or cutting off oil and gas supplies and the real question is does this put more pressure on russia to kind of cooperate because they have found -- >> it is coming. the rumors had always been and maybe here is some proof that it's coming from inside russia. >> absolutely. and this is at a crucial juncture particularly with congress now trying to take -- cease the initiative on u.s. policy from the administration and impose sanctions on the central bank that there's clearly a portion and there may be a greater push now for some kind of international action. >> we thought the republican rhetoric on iran was hot last night. it's going to get hotter i think today. robin wright from the wilson center thank you for coming in. >> thank you. >> wall street snapped a three-day losing streak and we end the week on an upswing. there are some jobs numbers out that may indicate so. today's trivia question? we told you it's like friday "new york times" cross word puzzle which has six letters. jon