local from russia and foreign representatives of foreign media outlets all gathered here in the skolkovo innovation how just on the outskirts of the russian cow. we're all waiting to see exactly how many prussians the russian president will take what subjects he will choose to cover whether he'll be focusing more on domestic or foreign policies and whether he'll reveal any interesting insights for the future now of course this place is very significant to the president and this event a skull killer has been a pet project for the russian president ever since he took office promising to make it a sort of an out a log all of the united states silicon valley and work is of course undergoing here as we speak this place where we are right now is of course an international business school m.b.a. school and it symbolizes everything that they committed to hopes to achieve during his presidency and of course to talk a little bit more about those goals and i thought what this press conference my cover i'm joined live by all that of my colleagues a fellow anchorman and also the deputy director of pr

later on wednesday completely medvedev for the first extended press conference of his presidency skolkovo has been a favorite project of medvedev so far and little in the way of construction has taken place however it's now possible to see what the future city might look like following the presentation of the design concept earlier this week. congress whole of business center and it's acknowledging part though these are just some of the features that skolkovo will boast according to the designers but that comes with a hefty price side and that is one hundred and twenty billion rubles which is about four point three billion dollars about half of the bonds will come from the state and the other half from private investors the government has already agreed to subsidize the purchase of construction materials as well as the equipment and in order to attract foreign investors stoeckel provides tax costumes and visa incentives companies from all around the world have already signed up to take part in this project and some of them include cisco which has allocated one billion dollars over the nex

some of them include cisco which is allocated one billion dollars over the next decade to transform skolkovo into russia's first smart connected city then we have boeing which is establishing a design sense or simply three hundred i.t. specialist to support commercial aircraft construction then we have private equity firm sigil or gough and that is investment so you hundred fifty million for digital infrastructure and i.t. services the other big names include stocks are in cell and microsoft dell stoeckel is expected to be complete of bytes one to fifteen and the payback period is expected to start in five to seven years during the call serve a business artsy. to collect at the markets or price continue to rise as we can u.s. currency is encouraging investors to buy in on dog bites commodities also investors are waiting on a key ventry report from the us which is expected to show a client in all stockpiles it's a similar story in europe where the footsie and the dax continue to train in the black and south in london all that shows up almost two percent in germany total telecom escaping over

which goes beyond the original agreement during his conference with the news media skolkovo president they have hinted that the government still saw b.p. as a strong potential partner. now moist. simply think those who could clear the deal should have paid more attention to the details of the shareholder agreement the government should have done diligence for more carefully. cause difficulties among the shareholders and these troubles could have been avoided if the parties had come to an agreement. but if the deal does get through i will be told to and this would also be great for russia you. editions. of the kolkata high tech hub has been a favorite project called the date if so far little in the way the concern of construction has taken place however it's now possible to see what the future city might look like a presentation of the design concept of the week are in a course where reports. congress hola business center and to technology park now these are just some of the features that skolkovo will boast according to the designers but that comes with a hefty price tag and that is o

of them include cisco which has allocated one billion dollars over the next decade to transform skolkovo into russia's first smart connected city then we have boeing which is establishing a design center so employ three hundred i.t. specialist to support commercial aircraft construction then we have private equity firm sigil or god and that is investment seal hundred fifty million for digital infrastructure and i.t. services the other big names include ta ta in cell and microsoft dell scoble is expected to be completed bites one to fifteen and the payback period is expected to start in five to seven years during the call serve up business artsy. take a look at the markets oil is climbing two percent off an industry survey shows unexpected drop in gasoline supplies also to weaken u.s. currencies and closing investors to vine dollar price colonus these investors are also waiting for the government to release its weekly invent a report and stocks in the u.s. edged higher after results from personal computer make and dell helped boost sentiment and offset a disappointing forecast from retail

for a high tech future will host around eight hundred journalists today president has chosen the skolkovo innovation hub as a venue for what is by far his biggest q. and a session since taking office three years ago and he's now is following the final preparations according to the president's press secretary in recent months there's been such a surge in reply i asked for one on one interviews with the president but they just started to gather as many journalists as possible at the scope of a venue and a lot some two and a half to three hours of the president's time that's not something you see very often to answer as many questions as possible also went. terms of the timing let's not forget that two thousand and eleven eleven of course in six months has been a year of pacts with i developed think of dance around the world japan put the issue of the future of nuclear energy pop on the table certainly we'll hear some statements and questions on that the death of osama bin ladin put terrorism back in the international spotlight although of course russia never left center stage this is an iss

for the current legal benefits that skolkovo. receives. other companies working in the sphere of science and commercialisation of science in the region. to come out of the question you said as you were talking to dos t.v. channel. you said that you wanted to living to. the post of president we have a learning center and maybe you'd be wanting from there as well. thank you who's in the. on that. was invented and that was that we did and we implemented at the so you think it's so that we can later reproduce the same model elsewhere and use that skolkovo is a symbol of these changes but in your modernization this is not the only the least this is where we should you know shuttle debris model. i would like similar to see similar structures created in other regions in the pits and probably we have a brain charger says the school what is the stuff that. elsewhere is not partisanship because in the us on we have to acknowledge you pork's but in reality are things. and it doesn't we can see the same kind of thing happening elsewhere that will be s

some of them include cisco which is allocated one billion dollars over the next decade to transform skolkovo into russia's first smart connected city then we have boeing which is establishing a design center so employed three hundred i.t. specialist to support commercial aircraft construction then we have private equity firm signaller goff and that is investment see a hundred fifty million for digital infrastructure and i.t. services the other big names include stocks are intel and microsoft dell skolkovo is expected to be completed by twenty fifteen and the payback period is expected to start in five to seven years during the call serve up business artsy. as they can look at the markets or the scorning two percent off the industry survey showed unexpected drop in gasoline supplies also the weak of u.s. currencies encouraging investors to buy and dollar price come out of these investors also waiting for the government to release its weekly inventory report telescopes over to wall street where energy and material companies are pushing the markets higher and makes earnings reports from retaile

congress hola business center and a technology park now these are just some of the features that skolkovo will boast according to the designers but that comes with a hefty price tag and that is one hundred and twenty billion rubles which is about four point three billion dollars not half of the funds will come from the state and the other half from private investors the government has already agreed to subsidize the purchase of construction materials as well as the equipment and in order to attract foreign investors skolkovo provides tax costumes and visa incentives companies from all around the world have already signed up to take part in this project and some of them include cisco which has allocated one billion dollars over the next decade to transform skolkovo into russia's first smart connected city it would have boeing which is establishing a design center so employed three hundred i.t. specialist to support commercial aircraft construction then we have private equity firm sigil or god and that is investment see a hundred and fifty million for digital infrastructure and i.t. service

of them include cisco which has allocated one billion dollars over the next decade to transform skolkovo into russia's first smart connected city then we have boeing which is establishing a design center so employ three hundred i.t. specialist to support commercial aircraft construction then we have private equity firm sigil or gaap and that is investment seal hundred fifty million for digital infrastructure and i see services the other big names include ta ta insult and microsoft dell scoble is expected to be completed by its one superfine and the payback period is expected to start in five to seven years during the call serve a business artsy. where you update the business for this out but we'll have more for you in just an hour's time stay with us. a little. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada after. corporations are on the day. you didn't start all of a sudden. it's a long story of destroying the living there how much out. there are constant. something leaks out here when they get done with it it'

feet and you didn't get an answer to number one question i still think the journalists who came to skolkovo today heard a lot of interesting things the longer we wait for an answer the last accusation rises and has got to the point could start to impact on decisions made at the top. of the last i don't think so like the president said today responsible politicians make decisions based on what's good for the country and not based on some speculation ideas because doctors to us because that's not them well the tandon survived until the election. i think the president gave a very clear answer to that question today once and. recently enhanced he would be willing to head up to the just cause party just a small commuter city in the russian political arena or. the word of a president who said on more than one occasion including today's press conference that he was in favor of political competition he believes the russian system is still developing in order to develop the political system and party representation we will certainly need several different parties that reflect what's happening in our

speaking at his first question and answer media conference at russia's future silicon valley at skolkovo. station a delusion of its budget i think we must believe in victory that's the only option otherwise your doubts could be transmitted to i think but we must support them and believe in them to live very empty even when their chances look slim we all watch sporting events it is part of our job to help our fleets to support them as for their preparations i think they've been working the way they should and we do have chances to perform well but at the london olympics next year and in sochi in two thousand and fourteen funds have been allocated a lot of important decisions have been made so we'll cheer for them and i hope they give us reasons for joy. so with less than a thousand days to go until the winter games in sochi the search is on to find and all the of volunteers to help the olympics on this mazy as possible. he reports. the one thousand days to go mark was celebrated all over the country lady choosing to get their blood pumping with a festive public workout. others chose to ma

was speaking at his first question and answer media conference at russia's future silicon valley skolkovo just outside moscow. station my children of it i think we must believe in victory that's the only option otherwise or doubts could be transmitted to our athletes but we must support them and believe in them to live very empty even when the chances look slim we watch sporting events and it is possible job to help our plates to support them as for their perforations i think they've been working the way they should and we do have chances to perform well. next year and in sochi in two thousand and thirteen funds have been allocated a lot of important decisions have been made so we'll cheer for them and i hope they give us reasons for jury duty and finally thousands of people will enjoy their fifteen minutes of fame next year when they take part in the olympic torch relay ahead of the twenty twelve london olympics the first seventy four locations on the route have been revealed in the british capital more places have yet to be confirmed but the relay already covers every nation and region

time with the media all sorts of journalists and eight hundred of them gathered at a venue in that skolkovo just outside moscow apparently this was the format chosen because in recent months president medvedev has received so many requests for one on one interviews it's not possible he took the time to sit down and try to get as many answers out as possible lots of different kind of journalist some of the harshest questions came from some opposition journalists let's listen to one question from a blogger about the fate of me tell father for skate. he couldn't cross he's released who he did injure to society that was a short question and the own son will be equally sure absolutely not. of course the biggest anticipated answer really more than a question was about the tried to twelve elections here in russia will take place next march the president has made himself joke that he was surprised that it only came at the fourth question he expected it to be the first but he made it very clear at the beginning of the session but he did not feel today was the appropriate time and place to make that

which goes beyond the original agreement during his conference with the news media in skolkovo president david painted the government still saw b.p. as a strong potential partner. in the moist ear so to get him politically those who cleared the deal should have paid more attention to the details of the shareholder agreement the government should have done in journalism much more carefully this was not going cause difficulties among the shareholders and these are troubling to couldn't lead avoided if the parties had come to look remotely with markets and if the deal does go through i will be this would also be quick for russia to the. representatives of the world's biggest investment firms have met with prime minister cotton to discuss the funds russia is setting up to attract investment the ten billion dollars startup will be fully launched at the economic forum in st peters but they still. need three of the newly appointed head of the funds management reveals. you know it's one that would have. to track fifty to ninety billion dollars of convalescence from don't even found the next five

were there eight hundred in fact three hundred of them international all packed into a hole in that skolkovo but that menu was not chosen by mistake it's somewhat of a gem up for president medvedev part of his modernization plan and what it is is a project to develop the sort of tech town very similar to that of silicon valley bringing together some of the greatest russian minds and one place to develop new technology and other sorts of developments about was chosen very specially for this session lots of different issues were covered of course the biggest anticipated question are i should say answer of the day was whether or not president medvedev would run for a second term in the twenty twelve election he himself joked that he was surprised that it only came as the fourth question at least the first of several and he expected to be the very first question that wasn't the case but it became very clear at the beginning of the session that today was not the right time or the right place as he started he said making that kind of announcement today would be playing somewhat of a political game

i am hoping that skolkovo will be the most important link. i would like to thank everybody who is working here. including for the fact that they have provided this room for us so that we can have the press conference. i think it is more interesting to have it here. >> i would like to ask as head of state and a trained lawyer, first, in your view, what is the relationship and what is your perspective of the relationship that russia has with the united states and the west? what are the problems, and what is the progress that has been made? another question is also international, but it is also legal. it concerns the domestic russian plan. there has been debate whether or not it is mandatory for russia to comply with decisions made by the european court of human rights. there are many decisions made by that court that have to do with both the spirit of compliance. you know what that means. what you think about russia oppose the compliance with echr decisions? >> the subject of russia's bush's ship with nato is very vast. it is something that con

university, skolkovo school were sent out. it is here that the innovation center will be established and i would like for this brand to be truly known around the world. and not because it is the only place that wendy's to make investments in, but rather because in any kind of development, any kind of pause, there should be essential, most important elements, which becomes a structure for the entire effort. and the sense i'm hoping that said hicks will become the single most important link in the chain of modernization. the most important one, but not the only one. i would like to thank everybody was working it out or in the subject, including the fact they have provided this room for us so that we can have a press conference. i think it's more interesting to have it here. i would like to ask you is the head of state and a trained lawyer. first come in your view, what is the relationship and what is your good that relationship has with the united states and the west and nato? what are the problems and what is the progress that