head of asset management at gazprom bank but first and then let's have a look at the impact of the w t o increase for russia's economy. eighteen here is that when 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 out. and asian into mental sectors likely to get the most out of the w t o accession well agricultural and arctic industries are predicted to lose ground its korean companies production will do markham paktika so far this secretaries have been able to survive due to protective measures taken by the russian government as we all know the whole point of the world trade organization is to reduce that is to level the playing field throughout the world so you've got an apparent contradiction on the one hand the long term future of the russian industry has been secured by this clever application of persistence times i saw on the other hand entreating to the utilities taking them for some steps. so clearly an apparent purpose but the w t o membership does not mean th

head of asset management at gazprom back but first and when let's have a look at the impact of the w t o entry for russia's economy. eighteen here is the pros and cons and overcoming obstacles before russia has made it clear it will join the w t o the benefits range from russia's expats potential to attracting more a d. and engine internet sector is likely to get the most out of the w t o extension well agricultural and want to industries and predicted to break ground as foreign companies production will be my competitor so far this secretaries have been able to survive due to protective measures taken by the russian government as you know the whole point of the world trade organization is to reduce this is to level the playing field for the world so you've got an apparent contradiction on the one hand the long term future of the russian industry has been secured by this level application persons times but on the other hand and free to lead to these taking the same steps. so clearly apparent pirates but the deadly trio membership doesn't mean that companies will instantly have to play bu

winners in the organization only adds to the big financial mess the world's already around say the w t o membership is actually good for russia. its role in the global economy finally here it's almost equal between those who believe moscow's accession will play into the w t o's and the russia will actually suffer because it will be unable to cope with the competition i do take a moment to cost over. dot com. coming to you live from moscow with more news and opinion on that topic throughout the day here we're talking about russia and its accession to the w t o published his team as well is keeping a close eye on the story. and story of the business he was following closely the story we managed to speak to some of the actors and most of them agree that russia's membership in the w t o will open new markets for russian goods it will also. to be designed for the investment into the country in the student about fifteen minutes time to find out more on this. right now i've been as past the hour here in moscow where the italian government is voting on. silvio berlusconi has promised to resign h

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 an apparent contradiction on the one hand the long term future of the russian industry has been secured by this placation distance times but on the other hand and treats of the taking those for some stars. so clearly a power outage but the w.g. on membership does not mean that companies will instantly have to play with a good is a chanst rul

problem in russia as you know but also in issues which are theoretically not the main part of the w t o like foreign investments. and just may jump in for a moment i was talking about intellectual property rights russia joining the w t o will have positive global economic effects but do you think the ordinary person in russia the average joe will actually feel any effects of this. could you could you see it again i don't know i was just other than global economic effects and what you're forecasting is positive a positive global forecast for russia joining me every day normal person here in russia will feel the effects not today and not next year but in ten years every normal person in russia will feel the effect it will be a positive one. national political economic things. thank you very much. and without the light from moscow now internet users have been left shocked after videos of police brutality against student protests at the university of california have been most alive they clearly show that officers didn't hesitate to use that batons to beat the young activists before arrestin

commitments but the investment may be significant because upon w t o accession typically we've seen with china we've seen with other entrants into the w t o the level of foreign investment into the country increases significantly and will and gas sector being such a crucial sector for the washing the colony is likely to attract a significant part of that inflow then i would expect the metal sector to be a significant recipient. of the benefits from w two and we. isn't is that most of the foreign restrictions against russian producers abroad are levelled precisely the producers of that sector so after w t o accession russian producers will have a greater leave a greater capability to address to counter some of this foreign protectionism when quickly will we feel any positive effects because of the entry. i think most of the effects will be felt in the medium to longer term some of the investment related effects will be shorter term but the problem is that in terms of the potential inflow of foreign investment there is the issue of the crisis in the world economy and the degree to whi

but the head of the company has a rather different outlook to that of the w t o cheerleaders. i will oil and gas will be in demand even without entering the. agriculture. andrew culture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant of the virus was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than one billion dollars in loans cash and guarantees. that the us is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving. open the 1930's most successful years what the fifty's and sixty's when hundreds of thousands of my screech cars flooded the soviet and poor and markets after the collapse of the soviet union creature was in desperate need of money but the government could not as to loss making copper and must reach was. the only way to avoid the collapse of yet another industrial john expert say is to use the transition period of joining the w g

winners as the organization only adds to the big financial mess the world is already in run of that's a w t o membership is actually good for russia as a boost its role in the global economy always the same amount believe that moscow is accession will play into the w t o's hands while the remainder think that russia will suffer because it will be able to cope with competition cast your vote talk on good to hear what you said. greece's analysis next prime minister lucas papademos the former vice president of the european central bank will now take over the reins of the embattled country if follows four days of hectic talks between the outgoing pm george papandreou and the main opposition leaders on a new unity government incoming premier a staunch e.u. backer and his new administration are set to be sworn in on friday with the immediate tricky task of introducing more austerity in return for continued he they know what's going on unless peter there is talk a little earlier that he believes much of what the crisis is a pulse is hidden from public view. we have to turn the clock back to the orig

russia's perception as a credible partner not only probably point of view of the topics which w t o does a reserve like trade or like intellectual property rights a large problem is russia as you know but also in issues which theoretically not the main part of the w t o like foreign investments and they'll be more news and opinion on this topic and throughout the day right here on r.t. plus our business team is also keeping a close eye on this story. for a visit he's bringing you the latest and we managed to talk to some of that's best and most of them agree that russia's membership in the w t o will open new markets for russian goods and it will also boost the decide for him best went into the country will be joining us about fifteen minutes time to find out which with western companies will first to cash in. right now ten minutes past the hour here in moscow the italian government is verging on panic after premier silvio berlusconi's province to resign it left the country's debt interest rates are soaring through the roof the situation is being exacerbated by fears that but it's going

finally here it's almost equal between those who believe that moscow's accession will play into the w t o's hands that russia will suffer because it won't be able to cope with the competition i do khosla but. russia's membership in the w t o will add to the country's credibility on the world stage so says a frank based oppressor of international political economy alexander lipman i was optimistic about russia's future and the global trade. first of all russia's accession of w t o is a very nice tool of restricting to register due to appetites of russian interest groups russian foreign economic policy has been heavily affected by protectionist interests which haven't actually benefited russian consumers and russian population in any way so it's nice that now these interests this interest groups could critical could be changed by the extension of the w to that second benefit is the benefit of credibility it is well known that being part of an international organisation for a noun international organisation and strew russia's perception as a credible partner not only probably point of view of

those documents smith reporting there and to talk more on the implications of russia's entry to the w t o i'm joined live now by the organizations director general pascal lamy well russia is among the world's top economies as we just heard there in fact the sixth largest in the world so why has it taken this long for it to be invited into your club. world trade negotiations. often take quite a long time. because. the result of a true negotiation which means more market opening which is. better living. as an impact of domestic economy can socialize that some like it others not like it those we benefit from that of course like it and those who we suffer from trade or breeding let's be frank even if you'd see some game the overall. gains and losses is of class so we'll have to adjust and this understandably creates some resistance at home all right you say those there are those who will suffer those who will benefit what about the russian people in what way will they benefit perhaps. well i think it's it's it's good news for russia is good news for russian trade partners and it's good news f

accession will be the biggest step towards liberalizing trade around the world since china joined the w t o around ten years ago the world bank says w c o entry could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long term. laura smith reporting there while sound businesses are celebrating the assassin others are preparing for a tough period of transition or does it have two hundred more and while it will change and russia's economy once a final he joins the club. the only major market and g. twenty member still outside the world's largest economic club is russia and membership is eagerly anticipated not only by moscow but internationally if this doesn't especially those in our case will come from the european union are you still working on the regime or the person on the street w t l membership will not be just something they'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of informed of goods drop and domestic companies also grow quicker with foreign mar

world is already in its equal between those who believe that moscow's obsession will play into the w t o o's hands and that russia will suffer rather than benefit because it will be unable to cope with the competition and finally only fifteen percent of you say the w t o membership is actually good for russia as it will boost its role in the global economy so let us know what you think on the issue. now there'll be more news and opinion of course throughout the day as the working group session in geneva on. us. and the question is likely to dominate volatility on the markets today a rough open this morning after u.s. equities lost over three have said on wednesday following poor performance asia will have a full view of the market's performance and that's the price of minutes time it was for. prime minister silvio berlusconi is facing his last few days in office as italy moves closer to the financial brink as bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an e.u. bailout that sparked panic in global markets amid fears berlusconi suc

organization only adds to the big financial mess the world's already in just less than a quarter say w t o membership is actually good for russia as little boost its role in the global economy finally it's almost equal between those who believe moscow's accession i will play into the w t o's hands that russia. well actually because it will be unable to cope with the competition due to cost you vote at r.t. dot com. will be more news and opinion on that topic throughout the day. business team is also keeping a close eye on the story let's cross live now to you how yulia so what's the latest from your world have already has the business team is fully closely the story we managed to talk to some of the outskirts and most of them agree that russia's membership in the w t o will open new markets for russian goods and it will also boost the desired foreign investment into the country join me in this suit in about fifteen minutes to find out which western companies will bid to cash in are very good you're looking forward to it so you say. you would see now the italian government is verging on pan

rules it doesn't matter that none of us are w t o. member so far nevertheless the entire legal framework of the eurasian economic union has been harmonized with w t o provisions of the eurasian economic union subject it was not only to develop a coherent legal framework within itself but also to have it harmonized with those of our main trade partners such as the european union and so on the purpose is to facilitate our economic outreach into other markets as well as to ensure greater efficiency and profitability of such efforts therefore we have been highly problematic. religiousness this one is more of a political question as we all know the west or other foreign countries are somewhat alarmed by this process they say the soviet union is back they say it's moscow's imperial ambitions all over again especially those or russia will be appointed head of the commission and the headquarters there will be in moscow how do you respond to these questions as you look at news of all of it. there is no way you can restore what can't be restored

has already and it's almost all between those who believe that moscow's accession of a plane to the w t o's hands and that russia will suffer a rather benefit because it will be unable to cope with the competition and finally only fourteen percent of you say the w t o membership is actually good for russia as a would boost its role in the global economy so cast your vote at r.t. dot com to let us know. well there will be more news and opinion throughout the day of course right here r.t. as the working group session in geneva unfolds plus. what is excess into the government here will open new opportunities for business in the country find out about the advantages and disadvantages of during the world trade organization in our business bulletin. of prime minister silvio berlusconi's facing his last few days in office as italy moves closer to the financial drain its bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an e.u. bailout and that's part panic in global markets amid fears berlusconi's successor won't be able to prevail on the euro z

really there are no answers as to how this customs union is going to you know be accepted by the w t o or what might have exactly russia for eighteen. years there's been trying to access the w c o it's been taking different approaches to it all sort of filing an application for it as a customs union with with kazakhstan goes how is this really going to all work out now that russia is finally agreed and it's going to just seal the can in a couple weeks well obviously you know it's been a big political priority both from russia's side and the u.s. europe to get russia to the w t o this year only a year ago the fact that the customs union was happening to belarus is not w t o this appeared to be you know a major obstacle plenty of people were talking about how the difficulties in in this arrangement that's been swept away in the last six months it's hardly been mentioned but you're right it's there's a big question mark over what happens in practice you know goods come from better routes into russia for example and then or export it out to europe you know is that a back door will they hav

another industrial giant experts say is to use the transition period after joining the w t a wisely firstly entry to the w t o doesn't mean you instantly have to drop all customs tires and comply straight away there's a transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as agriculture timber and car making but at a certain point the state's industrial dependence will have to let go of its hand and walk on their own two feet in the world outside it but that should also be a somewhat easier place to do business in the reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the grouch over r t. or coming up full stream ahead to join the russia opens a brand new gas pipeline direct to germany as moscow moves to cement trade ties with the west. thousands of students watch across central london furious over education cuts and a tripling of fees. at stores to recover first mario monti a former you commissioner has been appointed the head o

russian exports or on national verna capital says well not all russian companies will benefit from the w t o in the beginning there will be a long term of that the. new w t o is designed to bring down barriers for industries who want to reinvest into other countries and so you know russia just doesn't have that many industries which are effective exporting made goods outside of the natural resource sector and is very few berries internationally so sexually and i think good goods coming in from the outside will put pressure on russian companies to become more efficient and ms plame zero but you see the russian companies become more efficient and as a result of that you know goods coming in russia are becoming more competitive investment coming into the country everybody benefits particularly consumers at russia's oil and gas sector which provides more than a half of the country's revenues also hopes to benefit from entering the. the country's biggest private oil producer look or oil explains how. we are consumers of mechanical and machine building devices and we are big consumers so why for e

organization only adds to the big financial mess the world are ready and almost a quarter say that w t o membership is actually good for russia as it will boost its role in the global economy finally have its equal between those who believe that moscow's accession will play into the w t o's hands the russia will suffer because it will be unable to cope with the competition i do take a moment i cast your vote at our team dot com. there'll be more news and opinion on this topic throughout the day right here on r.t. plus our business team is also keeping a close eye on the story. yes story the business team is following this story closely we managed to talk to some of the acts first and most of them agree that russia's membership in the w t o will open new markets for russian goods it will also boost the despite foreign investment into the country well joining the student about fifteen minutes time to find out which western western business is. he with r.t. live from moscow now the italian government is approaching on panic after silvio berlusconi's promise to resign left the country's inte

and abkhazia by a private company with that the last of georgia's objections to russia joining the w t o has been dealt with barring any last minute deal relman to it analysts say are always possible but unlikely the package of documents on russia that session could be approved by a working group on thursday or friday with membership formalized in december russia's accession will be the biggest step towards liberalizing trade around the world since china joined the w t o around ten years ago the world bank says she could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long term. for us miss reporting there now while some businesses are celebrating the session others are preparing for a tough period of transition. has more on what will change in russia's economy once it finally joins the club. the only major market and g. twenty member still outside the world's largest economic club is russia and membership is eagerly anticipated not only by moscow but internationally the foreign investors especially those in our case who come fro

and later this hour russia's eighteen years of trying to join the w t o result was over but how will this membership affect russia's energy trade find out in the business bulletin twenty minutes. three pm in moscow i match reza good to have you with us here on r t our top story syria's president has till saturday to stop a violent crackdown on protesters and allow a monitoring team into the country that's the ultimatum from the arab league which is threatening to tighten the financial news around the regime by slapping down heavy sanctions while the drum beats the louder for international pressure against bashar al assad there are fears it may only make a bad situation worse. the i would be converts and then a senior turkish official openly discusses the possibility of the closing of buffer zones on the syrian side of the border to give sanctuary to refugees another would sit down richt an industry action blue peter libya tsunami it seems unlikely to get the nod but it is not a demand it is trying to get the. syria which is very very risky for the whole region even in israel syria's

for the person on the street w t o membership will not be just something we'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of in florida goods drop and domestic companies also grow quicker with foreign markets opening up. for workers of these metallurgical company it all looks like a win win situation their most recent project is the north stream pipeline should they enter international markets they'll face very little competition. and this is raw so much the largest plant in russia south producing harvested rushers is order book is food for months ahead and workers look inspired. but the hat of the company has a rather different outlook to that of the w t o cheerleaders our oil and gas will be in demand even without entering the well agriculture will tumble. agriculture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant of the virus was rescued from the brink of death in the economic crisis of two th

as a result of this but of course it's very difficult to put an exact number on the effects of the w t o we will have to wait for a few years until we actually see them but the many experts already welcome the fact that this is likely to make russia's industries much more competitive and desiring to actually want to compete with the world markets after russia's going to be some are still worried that in fact say the car making history in russia why dial together at least not be able to compete with the international produces most experts are saying that on the whole this is a good thing now in terms of the practicalities there's going to be another round of negotiations in about ten days and then if ever. the thing is ok by mid december russia will be a w t o member of this does happen to repot hops considered one of the greatest achievements of president read of presidency ok igor thanks very much i was going to run if reporting about russia's future access and the speed accession to w t here now to other stories it could be game over for greece in the euro if the people decide not to b

and in business russia finally clears the way to joining the w t o by settling all remaining issues with georgia russian president says this will help liberalized trade and investment world but he joined us for more on that and that's of course. our just after seven pm here in moscow this is artsy with me robert sushi straight to our top story for you political uncertainty and crisis hit greece is dominating the g. twenty meeting in france there were reports that prime minister was about to resign but now it looks like he could even end up as head of a national unity greek government and scrapped plans for a referendum on an e.u. bailout which would ultimately please the global be just hoping to prevent greece from collapsing and then taking the entire eurozone with it and he said now it is and can. very much conflicting reports on whether or not the greek prime minister will in fact resign some people saying because of the pressure at that meeting that took place on the eve of this summit between angela merkel nicolas sarkozy the i.m.f. and the european central bank telling him his deci

rumor has it russia will join the w t o immediately after the elections. or are you against that. it's not that there is nothing wrong with russia joining the w t l the question is on what terms to be joined. they're saying we can subsidize science but only recently a third of inventions in the world were coming from russia. you know what bill gates employees fifty percent are mathematicians from russia. how can we develop skolkovo if we have no other science projects. novosibirsk the best science park in the world with twenty five well class institutes is now left without financing. how can we develop agriculture if winter's last six to seven months even in our best lands in the combine religion. we can't compete with britain or france but. that's why we need to defend our interests otherwise our entire second do sector and agriculture will vanish where again. that moreover russia has forty one million hectares of land in the land if we invest in those lands and cultivate them we will be able to supply seven hundred million people with natural organic furr

the trash maybe joining the w t o prematurely our economies commodity driven noncom order to industries are not developing. some industries are just beginning to develop by joining the w c o in haste we can kill all that progress. before we join the w t o we should prepare our economy for it. has a special program it's called land homes and roads we suggest creating an internal source of economic growth and development presently our source is located externally i mean prices for hydrocarbons this is ration is very dangerous when the economic crisis breaks out in the west these prices will drop which means our revenues will drop to our economy isn't secure. but the implementation of these land terms roads program will get this domestic process started generating demand. today demand for housing is immense we should take advantage of this in our economic policies for instance in the us there is no demand for housing and it would be useless to develop a major housing construction program like the one suggests under this program people would receive plots strictly for this purpose for the p

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and he says russia's long awaited membership in w t o will help their revival well the economy is not in good shape but one of the ways to exit this situation which i recognize and we discussed about the last week in the g twenty is not good one of the ways to move out of this crisis is to open more trade fight against protectionism and the fact that russia joins that this very moment is also a symbol of the value of this through a system of rules in that it had its economy growing including. which are difficult like the ones we are in in the world economy. europeans are also setting their eyes on china as a source of cash to bail them out and beijing's role in saving struggling western economies is something people about debates with his guest coming up later today. the chinese have been very hesitant because they see that the europeans just can't get their house in order we've created such a. mess of their economies are nowhere near is cutting them strategic as china does and we've got to be clear that funding our moral hazard in keeping us behaving badly either in europe or the uni

detail and also many have questioned over these eighteen years russia's own desire to always join the w t o o occasions that russia has wanted to protect its own industries and has been dubious about all of the benefits of course over the last few years georgia has been the biggest obstacle and obstacle is of course not just economic but political as well in nature and the topas is harder to de facto independent breakaway republics south of setia and because georgia refuses to recognize these places as independent it's not at that wanted to supervise the border between these countries and russia thought it wanted to access to this border and this is something that neither russia nor these countries are prepared to give for any deal was negotiated by swiss mediators over the past few months and it's a good way georgia and russia have accepted so this is really the key step to letting this happen in terms of what will happen next some have predicted entire world bank has said that in the long term russia's economy looks to benefit by as much as ten percent extra grow as a result of this but o

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