sphere of influence skolkovo is also a pilot project that can be expanded further. the third is have high expectations regarding an american venture capital funds investment in skulk about why americans and what can we give them in return for investments many investors are afraid to invest into corruption and difficult business conditions as they put it. firstly i think it's rather obvious why he wants the americans silicon valley is the world's largest innovation center today this means that it has accumulated the largest wealth of experience which is closely related to investments we're interested in international investments in russia's projects not merely for the funds themselves but primarily for the experience competence expertise vision of the market understanding of mechanisms and technology of business dealings that accompany investments. a venture investor always brings his experience along with his money when investing in a business and experience wise american funds are certainly the most experienced today. having visits skolkovo last spring some investo

times science cities were built in our country as centers for scientific research the way i see it skolkovo is primarily a commercialization center the military industrial complex was the main consumer of products of sciences he's. everything is different its focus is on the junction between applied science and the commercial use of innovative technology products this is due to the fact that the market provides consumers for innovative products and development the consumer being primarily the population itself therefore the infrastructure of the existing science cities doesn't adequately meet the requirements for these objectives it is more often costly to reconstruct them to build from scratch moreover there is the issue of mental heritage the existing science cities also include the people who live and work there it would be hard to integrate them into a new framework. of. the present time for says of innovation centers mean that the idea of techno parks is no longer relevant. i don't think so unfortunately in our country techno parks were created rather as construction projects building

having visits skolkovo last spring some investors criticize the project citing a lack of scientific minds is russia planning on involving russian experts from the west. because i don't believe that in the modern world it's actually necessary to physically bring people back from the west from developed economies where they've undergone training in international universities and research centers rather establishing a fish and mutually beneficial cooperation with them is important while the modern world doesn't really require someone's physical presence as long as they participate in a project in my opinion on the development of technological diaspora networks has become a commonly accepted concept. well. well in your opinion is there a guarantee that's called will not turn into yet another costly but inefficient project which we have quite a few unfortunately how much does russia actually need it. i think. in my opinion political will the will to carry out the project and an understanding of its necessity are the only possible guarantees as for the necessity. i believe we absolutely do need

outs and seen by the organizers for next year now i'm delighted to be joined by the dean of the skolkovo school of management it calls itself the world's only business school dedicated to emerging market leadership wilford on hanukkah thanks so much for joining us what has this event achieved for you all school i think it has achieved a number of things first of all it has created you know great fiza billeted for a project that gets a lot of visibility in russia has been critical but i think it's also critical to management development and preparing leadership worldwide so it's a great opportunity for us to come here see our friends and sponsors potential new people that support the idea. secondly it's also very important for us to come here the benchmark what we're doing for what this going on in the world are we really talking about the reality of the way the rest of the world there are we tackling the issues that are important and that was a future leaders and so. we are certainly working very closely with the world economic forum they have their own global leadership program that we'

center in russia the resoundingly answer from moscow right now that's see idea at the heart of the skolkovo project an international city of science and technology set to fan out over the next decade in all directions from this spot just outside of moscow so the next time technology update brings you a high tech success story it might just be born and raised right here in till then enjoy the right. i hope that school concept is going to cover these. to take scientific groups which i did hers to give them kind of in kuwait the conditions like could get it and i missed a factory but we discussed with you when we were there and set up a small manufacturing in order to develop you all for a sample or a prototype and get custom attraction. and this part has to be done in russia immediately otherwise we would never you know cross the breach between science and manufacturing would be because between science and avoid a manufacturing there is a huge gap there is a prototype development and find just i myself i'm a scientist they very often say don't understand how huge is this gap. brightening if y

booth scientists and businessmen agree that finding talent in russia is not the major problem the skolkovo research group has already found many exciting and innovative candidates the trick will be to harness that into primary or energy to produce goods that will make the whole world sit up and take notice and then get out its wallet. r t moscow. two thousand and eleven will see more changes in the banking system with some players leaving the market and the rules getting stricter speaking exclusively to r.t. deputy general director of russia's deposit insurance agency under miller cough spoke about the upcoming reforms. so there is that those the only changes we think we should make is to create procedures so that the assets and deposits of a bank or bank are given to a healthy one that's the situation we see in the states at the moment in the us in ninety five percent of cases this mechanism is being implemented the clients of the bankrupt banks are given access to their deposits quicker also the agency together with the state doesn't have to spend a lot of money and the liquidation proce

the gigantic ultramodern building of skolkovo innovation center these days it's attracting a lot of interest from those who in the near future could change the face of both russian science and its economy speaking at the forum the presidential aide even went as far as saying that russia may become the world leader in innovation within the next five years but for that to happen talent needs to be nurtured and harnessed such as that belonging to this fifteen year old muscovite most of us this model is built with the lego construction cage it's intended for people with limited hand movement it is constructed on the principle of human biomechanics and fully replicates the hands function i'm currently expanding my project and i hope it will soon help even those who are paralyzed but there are times that they had a ruslana was more cautious and preferred not to unveil details of their breakthrough projects but assured that there were at least three that could change the world and it was the sense of exciting potential that was attracting a new wave of private capital to come to russia a number of.

going to talk about russia skolkovo innovation center in the prospects of becoming the new silicon valley bit later this hour on interesting program coming up but business first. hello welcome to a business program i'm sure on a. russia has delivered forty two thousand tons of crude oil and its first delivery via the newly opened chinese section of the eastern siberia and pacific ocean crude oil pipeline. pipeline which began operating on the first of january is the czar to pump oil produced in west and east siberia to the asian pacific markets russia plans to transport fifteen million metric tons of oil annually to china until two thousand and thirty according to analysts the project makes a huge strategic shift for russia's energy exports having previously been heavily dependent on european markets. and russia has set a new oil record with last year beating even pre-crisis heights the energy ministries figures show it was the only country to produce more than ten million barrels of oil per day as going prices stimulated output. the next biggest producer saudi arabia provided only a quar