seeking to teach lessons to russia today russia is twenty two the progress to date has been huge and president they did invite him in who can have done huge work we see it the changes are profound to put it simply on our side we are not always very aware of that firstly if you want to be russia which is the home and secondly you need to go more often to russia we also need to open our minds there is still much to do however your leaders the president your prime minister saying at the st petersburg forum. for the investment climate is much better today to look at the business flow between the big french groups are present for example vinci quick who are doing the motorway link between moscow and st petersburg board today we are developing cooperation on power generation on the side of the st petersburg summit that we signed with the a.d.f. need to equip and i would say to provide electricity to the city of thomasville any joy we build cars or a.t.'s for arab siberia so there are multiple areas of cooperation the cooperation between france and russia does work. but i still want to ask

russia it will right now russia has been affected because investors globally are just risk averse you know nobody's taking any major bets they're watching the big picture in europe in the u.s. and that means that they're generally very quiet in countries like russia let's face it peripheral countries russia continues to be viewed as something as a derivative trade in the global economy so far so that uncertainty is affecting russia and it's it's we've seen volatility in the stock market market of course reflecting the news flow but in general there's not a great deal of investment activity in. in russia for now it has to be said you know thank god for libya. but. i really. want to only. you know rose if you look fiscally and in terms of its budgets it looks very good but it's still you know the backdrop obviously it's still viewed as a as a risk kind of context because we are so so exposed to the global economy and that long term you know is obviously the big player is the big story for russia if if the u.s. or europe doesn't get it right if they make a major mistake and we differ a g

community in general outside of russia do they still have the old stereotypes of russia. if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often has a priore and we have i have to say in western europe not only in france will be a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress and she's just not reflected in media. why why is media portrayed as very biased in the west russian media. their image of russia is based on the past three fifteen or twenty years ago they do not come to russia often enough and doesn't communicate actually a little too well so what internal changes are taking place we have to deal with i david ideas in perception which are wrong this i believe is an important subject this is a blocking point to speak about. think about the new we're a small and medium sized company with russia france many are already cooperation we could do much more in this area

russia russia. this should be the top priority and there's nothing to be shamed off. me afraid that somebody might call you nationalist. never mind the labels you think this is a more viable approach i believe the lying on your heritage and having faith in your country enhanced as your by tell it see. green forces are nationhood store. nationalist lost. my father is convinced that one of the reasons the soviet union imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypocritical propaganda that's the age group in the u.s.s.r. has its own culture language territory laws and so on would you agree with that. i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal aviation service is trying to learn some lessons we're wising out from what we see in the west we definitely try to learn. those are sometimes complicated lessons but if we are speaking up and down for example we have developed a database which so far doesn't have an analogy in

about russia in a volatile brawl. discuss this issue i'm joined by chris we are here in the studio with me is chief strategist g. we also have he is chief economist for russia and c.i.s. at renaissance capital and we have anatol you know a coffee is head of asset management at gazprom bank and andre who is near the source he is c.i.s. russia strategist and vice president citi investment research in our sis at citi bank ok chris i'm going to start out with you gentlemen let's all talk about the volatility in the world let's start with the eurozone. where is it going is there any end in sight and if there is any and so i would say outcome. no i don't think that's what we're not expecting to see any you know short term solutions to really this is a very extensive problem and it's going to require you know a substantial year or wait you know a solution so i think you know obviously to the summer months we expect to see some perhaps some temporary stopgap measures you know because only insofar as that is for two years it's

talking about russia in a volatile world. i discussed this issue i'm joined by chris we for here in the studio with me is chief strategist at i n g we also have yvonne he is chief economist for russia and c.i.s. at renaissance capital and we have anatoly miller cough he is head of asset management at gazprom bank and andre who is not so if he is c.i.s. russia strategist and vice president citi investment research and analysis at citibank ok chris i'm going to start out with you gentlemen let's all talk about the volatility in the world let's start with the eurozone where is it going is there any end in sight and if there isn't in sight what say outcome. no i don't think that's what we're not expecting to see any you know short term solutions to really this is a very extensive problem and it's going to require you know a substantial year or wait you know solution so i think you know obviously to the summer months we expect to see some perhaps some temporary stopgap measures nobody has. been started that is for two years it's g

russia it will right now russia's been affected because investors globally are just risk adverse you know be taking any major bets they're watching the big picture in europe in the u.s. and that means that they're generally very quiet in countries like russia let's face it peripheral countries russia continues to be viewed as something as a derivative trade in the global economy so so that uncertainty is affecting russia it's it's we've seen volatility in the stock market the market of course reflecting the news flow but in general there's not a great deal of investment activity in. for now it has to be said you know thank god for libya. but this is. really keeping the old process going twenty. you know relatively look fiscally and in terms of its budgets it looks very good but it's still you know the backdrop obviously it's still viewed as a as a risk economy in the global context because we are so so exposed to the global economy and that long term you know is obviously the big picture is the big story for russia if if the u.s. or europe doesn't get it right if they make a major mi

shows there was major promise in russia major promise in russia because very talented very sophisticated programmers and people russia is one of the most educated countries in the world with a keyboard as we believe it's possible to make very good returns they're definitely going to be investing but we're not here in kenya think it's very important we share risks we have fourteen minute projects we believe richard is going to be good and reassuring and there tree is going to turn the temperature into it was an investor so yes we believe that it's a great market for investment but we will not be providing any guarantees we believe that investors will know it's a good sector to invest and they will be invest in that ok and just just to conclude and to conclude this interview. is it right the impression i got from talking to you and i think the views of us and that's one hundred percent are these the investments coming through your fund from abroad will be guaranteed by russian government is not true you know there's a lot bigger and cheat again we're quoting best in was that so we believe

their image of russia is based on the past fifteen or twenty years ago they do not come to russia often and often the russian communicate actually point little to also not internal changes are taking place we have. to deal with outdated ideas and perceptions which are wrong and this i believe is an important subject discussed but this is the blocking point we ought to speak about. think about the numerous small and medium sized companies in russia under the france always many are already cooperation we could do much more in this area of them. how will the french business that you bring to russia help diversified economy. today you are in the middle of a modernization drive in russia beat in transport water or electricity distribution in aeronautics and health. in high tech and by the way you have school which is a big success with many companies your d.s. ultraman students and often but also american german and many others are present so we can help technology transfers in many areas. but also. you will be going to north caucasus to actually valley eight x. ten investment in north cauca

russia well right now russia's been effective because investors globally are just risk adverse you know nobody's taking any major bets they're watching the big picture in europe and the u.s. and that means that they're generally very quiet in countries like russia let's face it peripheral countries russia continues to be viewed as something as a derivative trade indeed lobel economy saw so that uncertainty is affecting russia and it's it's we're seeing volatility in the stock market or the market of course reflecting the news flow but in general there's not a great deal of investment activity in russia for now it has to be said you know thank god for libya. but you can say that i did i mean it's keeping the oil price at that one twenty so russia you know relatively looks fiscally and in terms of its budgets it looks very good but it's still you know the backdrop obviously it's still viewed as a as a risk economy indeed lobby context because we are so so exposed to the global economy and that long term you know is obviously the big picture is the big story for russia if if the u.s. or eu

russia russia. this should be the top priority and there is nothing to be shamed off or me afraid that somebody might call your nationalist. never mind the labels you think this is a more viable approach i believe that true lying on your heritage and having faith in your country enhanced as your by telecine. green forces are nationhood store. nationalist. my father is convinced that one of the reasons the soviet union imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypocritical propaganda that's each group in the u.s.s.r. has its own culture language territory laws and so on would you agree with that. still and i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal aviation service is trying to learn some lessons we're wising out from what we see in the west we definitely try to learn. those are sometimes complicated lessons but if we are speaking up and down f

russia russia her. this should be the top priority and there's nothing to be shamed off or me afraid that somebody might call your nationalist. never mind the labels so you think this is a more viable approach i believe true lying on your heritage and having faith in your country enhanced as your by tell it see. the forces are nationhood store. national trust and. my father was convinced that one of the reasons the soviet union imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypocritical propaganda claiming that each ethnic group in the u.s.s.r. has its own culture language territory laws and so on. that. cylinder which i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal aviation service is trying to learn some lessons we're wising out from what we see in the west we definitely try to learn. those are sometimes complicated lessons reports we are picking up and d

which it all screwed be exported to russia or imported in russia come in with a certificate that in e.u. certificate extended by the national laboratories that the e.u. would. notify russia and would certify that these products of course were. necessary sanitary conditions. so what happens is that some countries that. commission notified to the russian authorities first but laboratories for a number of countries now i think i think not i'm sure all of the laboratories from other countries have been also communicated and i think that the case here is that the first ones were these ones so in in good logic the first products to get here were the ones of the first laboratories that had been communicated to the russian authorities so this is simply a matter of time and of course of having the necessary certificates and for the products to come to the russian customs were the products and they said the case would be ready for. let's talk about the w.t. one of the favorite subjects to talk when it concerns russia and europe well the military is one of one of the hits of the discussion so so l

therefore iran is vitally important for russia and vice versa i believe that russia and iran need each other and russia may be concerned that iran can return under the western influence i want to tell our russian friends this will not happen and very optimistic about the prospects of russia and iran relations in the future will prove me right. as iran believes that moscow support will continue particularly with regard to iran's nuclear profile. we are convinced that russia will keep supporting iran's position we have no what is a break but. what can you say regarding iran u.s. relations those iran intend to resume and they. really don't care i mean we have stated time and again that iran wants to have good reasonable relations with all countries except for the zionist state as for our relations with washington they will depend upon us actions towards iran if they remain hostile there will be no relation. full stop however if washington changes out it you toward iran and replace this is still a he with a sense of equality respect for iran's sovereignty and independence and the essence o

russia russia. this should be the top priority and there's nothing to be shamed off or me afraid that somebody might call your nationalist. never mind the labels you think this is a more viable approach i believe the true lying on your heritage and having faith in your country any chances your way tells me mr green forces are nationhood for store and yet national discourse and. my father is convinced that one of the reasons this elite union imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypocritical propaganda that each ethnic group in the us has or has its own culture language. laws and so on would you agree with that what i did was i wasn't. still and i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal immigration service is trying to learn some lessons we're wising out from what we see in the west we definitely try to learn. those are sometimes complicat

in some ways i think russia is. more vulnerable now than before and i would like to go back to the fiscally sure that i mentioned as everybody knows that oil price that is needed to balance the budget right now it's at one hundred and twenty five dollars it was much the. before before the crisis russia was was in a much better fiscal positions they had more money to do to put into aggressive counter cyclical fiscal policy if now if we experience a major shock to all prices i think the where we thought of the russian authorities is much less so disk would be an avenue where which they could be affected of course there are a number of ways you need to actually rush is less probably going to be going to be less vulnerable for example they have a much more flexible exchange rate policy than before flexible exchange little more flexible exchange rate the less flexible exchange rate before and they have a much less share much smaller share of short term external debts than before a crisis and i think this is also going to

shows there is major promise in russia major promise in russia because very talented very sophisticated programmers and people russia is one of the most educated countries in the world with the keyboard is we believe it's possible to make very good returns they're definitely going to be investing but we're not giving kenya think it's very important we share risks we have put in money in projects we believe return is going to be good and we assuring that trees can the true turns at the preacher interviews as investors so yes we believe that high tech is a great market to invest in but we will not be providing any guarantees we believe that investors will know it's a good sector to invest and they will be invest in there ok and just just to conclude to conclude this interview. is it dry the impression i got from talking to you and i think the views on this and that one hundred percent of these the investments coming through your fund from abroad will be guaranteed by the russian government is that true you know there are a lot bigger and cheat again we are quite investing with them so we

program for the country germany hoping to snap up deals in russia russia hopes germany can bring nato round to the point of view of a joint missile defense system in other words that they can avoid the fear that the missile defense will be pointed. there are fears that most go that the defense system could be aimed at russia or libya or germany or russia or both abstained from the u.n. vote authorizing nato action in libya and they both want to stop further escalation of the void and that's their own reports that nato countries all being libya's rebels so both countries will be looking to strengthen their already strong relationship one a range of issues on which they share a common position. also making headlines tonight libyan rebels say they've taken control of the key student town of brega those forces loyal to colonel gadhafi retreated to the west but further fighting is likely in the city with around two hundred gadhafi troops still holed up in buildings there is an important oil town it's about seven hundred fifty kilometers east of the capital has changed hands several times s

stereotypes of russia. if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often house priore and we have i have to say in western europe they're not only in france will be a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress that she does not reflected in media. like why is. portrayed as very biased in the west russian media and. i think their image of russia is based on the past three fifteen or twenty years ago they do not come to russia often enough and the russian communication actually quite little too also not internal changes are taking place . i have to deal with i got ideas and perceptions which are wrong and this i believe is an important subject to such but this is a blocking point so we ought to speak about a whole thing and you were a small and behaved sized company russia under the france always

community in general outside of russia do they still have the old stereotypes of russia. if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often house a priority and we have i have to say that in western europe they are not only in france will be a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress achieved is not reflected in media. why why is. media portrayed as very biased in the west russian media. their image of russia is based on the past fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually quite little to us and what internal changes are taking place we have to deal with outdated ideas and perceptions which are wrong and this i believe is an important subject this is a blocking point we often speak about. think about the new were small and medium sized companies in russia and in france many are already cooperation

community in general outside of russia do they still have the old stereotypes of russia. if you speak with the presidents of the french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often house a priore and we have i have to say this in western europe not only in france be a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress in chief is not reflected in media. why why is media portrayed as very biased in the west russian media and. their image of russia is based on the past three fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually quite little to us on what internal changes are taking place we have to deal with our david ideas and perceptions which are wrong and this i believe is an important subject but this is the blocking point if we also speak about people because think about them you were a small and medium sized companies in russia and in france always man

shows of there is major promise in russia major promise in russia because very talented very sophisticated programmers and people russia is one of the most educated countries in the world with the keyboard as we believe it's possible to make very good returns they're definitely going to be investing but we're not guaranteeing anything it's very important we share risks we're putting our money in projects we believe return is going to be good and we assuring that trees can that returns at the producer interviews as investors so yes we believe that high tech is a great market to invest in but we will not be providing any guarantees we believe that investors will know it's a good sector to invest and they will be invest in there ok and just just to conclude to conclude this interview. is it dry the impression i got from talking to you and i think the viewers of us and that one hundred percent of these the investments coming through your fund from abroad will be. aren t. by the russian government is not true you know there are a lot bigger again we are quite invested with them so we believe we

community in general outside of russia do they still have the old stereotypes of russia. if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yeah often how somebody priore and we have i have to say. western europe there not only in france a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress that she's just not reflected in media. why why is media portrayed as very biased in the west russian media and. their image of russia is based on the past three hundred fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually a little too well so what internal changes are taking place we have to deal with that a good idea isn't perception which are wrong and this i believe is an important subject this is a blocking point that we have to speak about. think about the numerous small and medium sized companies like russia france many are already c

russia russia her. this should be the top priority and there's nothing to be shamed off or me afraid that somebody might call your nationalist. never mind the labels you think this is a more viable approach i believe the true lying on your heritage and having faith in your country enhanced is your bike tell it see mr green forces are nationhood for stolen yeah national discussions. my father is convinced that one of the reasons this elite unit imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypocritical propaganda that each ethnic group in the u.s.s.r. has it's own culture language territory laws and so on. that. cylinder which i would in general that's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal immigration service is trying to learn some lessons we're wising out and from what we see in the west we definitely try to learn. those are sometimes complicated lessons reports we are

shows there is major promise in russia major promise in russia because very talented very sophisticated programmers and people russia is one of the most educated countries in the world with a keyboard as we believe it's possible to make very good returns they're definitely going to be investing but we're not guaranteeing anything it's very important we share risks we're putting our money in projects we believe return is going to be good and we're sharing that risk and that returns at the preacher interviews as investors so yes we believe that high tech is a great market to invest in but we will not be providing any guarantees we believe that investors will know it's a good sector to invest and they will be invest in there ok and just just to conclude to conclude this interview. is it dry the impression i got from talking to you and i think the views on this and that one hundred percent of these the investments coming through your fund from abroad will be guaranteed by the russian government is not true you know there are a lot bigger into it again we are quite invested with them so we b

russia russia. this should be the top priority and there's nothing to be shamed off or heard me afraid that somebody might call you a nationalist. never mind the labels what do you think this is a more viable approach i believe the true line on your heritage and having faith in your country any chances your way tell it to careen forces are nationhood store. national business and i think my father is convinced that one of the reasons the soviet union imploded was exactly the absence of a melting pot there was no single integral nation while there was plenty of hypercritical pressure again there are claiming that each ethnic group in the u.s.s.r. has its own culture language territory laws and so on would you agree with that. so and bush i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal immigration service is trying to learn some lessons we're wising up from what we see in the west we definitely try to learn. those are s

to russia often and often does russia communicate actually quite little to us on what internal changes are taking place we have to deal with outdated ideas and perceptions which are wrong and this i believe is an important subject but this is a blocking point we often speak about big groups or think about and you were a small and medium sized companies in russia and in france many are already cooperate on what we could do much more in this area. how will the french business that you bring to russia help diversified economy. today you are in the middle of a modernization drive in russia be it in transport water or electricity distribution in aeronautics. unhealthily. in high tech and by the way you have school cable which is a big success many companies e.l.t.'s ulsterman cincinatti but also american german and many others are present so we can help push our technology transfers in many areas. but also this visit you will be going to north caucasus to actually valley its pretentious investment in north caucasus. alpine tourism expertize take care in your approach we took what he yes and

and russia do understand that so what's wrong. with a bloated size of this feeling is an issue which can be resolved by trying to modernize about every aspect you have to look at the issue from above and say what are necessary parts to be eliminated even if it hurts now is the critical time for making these decisions are going are being made now. along those dozen baled a strategy to the first man as yuri gagarin does this tell us anything about russia's importance and hoping that legacy alive with a vibrant sculls in the state prison is what. this means recognizing the achievements of the us i'm sorry and russia hasn't substance or also it's a promotion of russia as an advanced space country i don't think that every person going to london's pubs is aware of this fact therefore drawing attention to it is helpful or. was it about working for russia's space agency thank you very much for talking to our. circulation. culture is that so much of an issue is an issue of finding the mark when libya is still in the same nikos bombing camp

thanks for joining me russia is having to face up to its own banking scandal the former heads of russia's fifth largest lender bank of moscow are facing criminal charges after its huge bailout regulators discovered a third of the bank's assets or in bad loans or in acosta has the details. everything is sorted when v t v the over bank of moscow and discovered bad loans worth knowing a billion dollars which is about one third of the bank's assets but this isn't the first time the bank is involved in the scandal the all the one involved the building that you see it right next to me which is at the mayor's office and that was because the former had all the bank of moscow unviable to do was accused of shady loans to construction companies are run by the former mayors right now he has since fled the country and the warrant has been issued for his arrest the bank of moscow now getting fourteen billion dollars which is the biggest bailout of a russian history that will be given over a ten year period at an interest rate of half a percent now this amount as three times bigger than the capitalizati

so this will take the opportunity to develop economic relations with russia. and these two facts or change the situation in a positive romantically and the fears zero people used to have of georgia are now given way to the new outlook another new concerns. these days our society feels that's how priority challenge the way probably is that of corruption. and this i think speaks a lot for itself. therefore speaking of the presidential elections where certain about. well i think it's going to know exactly the way she was largely criticised for looking into russia too much perhaps in the end for having made way to many concessions. parties leadership that would need to make some adjustments in this sense. i think that no matter who gets the office strategic alliance with russia will remain the top priority or not because there's a chance. there is no other option not least because other countries in the region have not yet recognized. the present i'm going to have this thing which states edge between keeps french and green or would you say it has nothing to do wit

russia russia. this should be the top priority and there's nothing to be shamed off or me afraid that somebody might call you a nationalist. never mind the labels what do you think this is a more viable approach i believe the true line on your heritage and having faith in your country enhances your way tell it. careen forces our nationhood for store and national business and. my father is convinced that one of the reasons this elite union imploded was exactly the absence of a nothing party there was no single integral nation while there was plenty of hyper critical. acclaim in that each ethnic group in the u.s.s.r. has its own culture language territory laws and so on would you agree with that. cylinder which i would in general it's rather true than false but i'll be deliberate after all i'm representing the migration service. the federal aviation service is trying to learn some lessons we're wising out from what we see in the west we definitely try to learn. those are sometimes complicated larson s

shows there is major promise in russia major promise in russia because very talented very sophisticated programmers and people russia is one of the most educated countries. in the world with the keyboard as we believe it's possible to make very good returns there we're definitely going to be investing but we're not guaranteeing anything it's very important we share risks we have put in money in projects we believe return is going to be good and we assure that risk and the trade turns at the preacher interviews as investors so yes we believe that high tech is a great market to invest in but we will not be providing any guarantees we believe that investors will know it's a good sector to invest and they will be invest in their ok and just just to conclude to conclude this interview. is it dry the impression i got from talking to you and i think the viewers also that hundred percent of these to make investments coming through your fund from abroad will be guaranteed by the russian government is that true you know there are a lot bigger into it again we have quite a bastion with them so we

want to exert pressure on russia because there are no other countries around russia's borders savior that would be defiant to the west establishing western rule over iran would solve this problem for them this will i need to send circle russia completely let us try and imagine what would happen if iran were to fall back into western influence in this instance and nato to completely surround russia therefore iran is vitally important for russia and vice versa i be. that russia and iran and each other and russia may be concerned that iran can return and to the westerners i want to tell their russian friends this will not happen so i'm very optimistic about the prospects of russia and iran relations in the future will prove me right. as iran believes that moscow's support will continue to collude with regard to iran's nuclear profile. we are convinced that russia will keep supporting iran's position we have no worries about it but. what can you say regarding iran how u.s. relations are they pose iran intend to resume. i mean we have stated time and again that iran must know how good rea

for many years and i believe we are wrong when seeking to teach lessons to russia today russia is twenty and the progress to date has been huge and president medvedev invited me to putin have done huge work we see it the changes are profound to put it simply on our side we are not always very aware of that firstly you need to be russian which is not common and secondly you need to come more often to russia so we also need to open our minds there is still much to do however your leaders the president and your prime minister sayers at the st petersburg forum the road map was clarified the investment climate is much better today look at the business flow between us the big french troops are present for example vinci who are doing the motorway link between moscow and st petersburg today we are developing cooperation on power generation on the sides of the st petersburg summit we signed with e.d.f. to equip and i would say to provide electricity to the city of tomsk we build parts for a.d.'s for airbus in your quotes can siberia so there are multiple areas of cooperation the cooperation betwe

seeking to teach lessons to russia today russia is twenty and the progress to date has been huge and president medvedev invited me to putin have done huge work we see it the changes are profound to put it simply on our side we are not always very aware of that firstly you need to read russian which is not common and secondly you need to come more often to russia so we also need to open our minds there is still much to do however your leaders the president and your prime minister say it at the st petersburg forum the roadmap was clarified or that the investment climate is much better today look at the business flow between us the big french groups are present for example vinci who are doing the motorway link between moscow and st petersburg today we are developing cooperation on power generation on the sides of the st petersburg summit we signed with e.d.f. to equip and i would say to provide electricity to the city of tomsk we build parts for a.d.'s for airbus in the records going siberia so there are multiple areas of cooperation the cooperation between france and russia does work.

community in general outside of russia do they still have the old stereotypes of russia has all here if you speak with the presidents of big french groups present. in russia they are very happy to be here and they want to develop their business those who are not here yet often house of a priore and we have i have to say is in western europe not only in france a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress achieved is not reflected in media. why why is. pretty traders very biased in the west russian media. i think their image of russia is based on the past from fifteen or twenty years ago they do not come to russia often and often does russia communicate actually quite little to us on what internal changes are taking place we have to deal with our days with ideas and perceptions which are wrong and this i believe is an important subject this is a blocking point we often speak about big groups or think about the new were small and medium sized companies in russia and in france many are already coope

want to exert pressure in russia because there are no other countries around russia's borders syria iran that would be defiant to the west establishing western rule over iran would solve this problem for them this would need to turn circle russia completely let us try and imagine what would happen over and were to fall back into western influence in this instance and nato would completely surround russia therefore iran is vitally important for russia and vice versa i will. that russia and iran need each other but russia may be concerned that iran can return and or the western influence i want to tell their russian friends this will not happen i'm very optimistic about the prospects of russia and iran relations in the future will prove me right. does iran believe that moscow's support will continue particularly with regard to iran's nuclear profile. we are convinced that russia will keep supporting iran's position we have no worries about it but. what can you say regarding iran u.s. relations they pose iran intend to resume and. we have stated time and again that iran wants to have good r

want to exert pressure in russia because that or nor the countries around russia's borders syria iran that would be defiant to the west establishing western rule over iran would solve this problem for them this would allow a neat and circle russia complete a little strain imagine what would happen if iran were to fall back into western influence in this instance and nato would completely surround russia here for iran is vitally important for russia and vice versa i be. that russia and iran need each other and russia may be concerned that iran can return under the western influence i want to tell their russian friends this will not happen but i am very optimistic about the prospects of russia and iran relations in the future will prove me right . does iran believe that moscow's support will continue to clear with regard to iran's nuclear profile. we are convinced that russia will keep supporting iran's position we have no worries about it but. what can you say regarding the us relations does iran intend to resume. i mean we have stated time and again that iran wants to have good reason

well the next in russia close up here on r.t. we take you to the gateway into siberia. this time we're in the could have gotten a region which i live south of the mighty ural mountains there's a bisected by the renowned trans-siberian railway it's a lush landscape has made it a prime spot for russia's food basket given your favorite cultural change at its heart lies a caribbean city one of siberia's oldest systems and one which is developing a new life for its senior citizens. because of infighting. according to the last census people of retirement age that's there's a growing demographic here in russia and while in the west old age is often seen as a time to indulge in your hobbies to travel spend more time with your loved ones here in russia retirement is often perceived as the gloomy long years and in economic terms the list secure a part of life well here in the core gone region the local authorities have come up with some innovative ways to on the one hand decrease the budgetary burden associated with providing for the elderly population and on the other hand give

the development of tourism in russia france. has confirmed its participation and its support we also discussed european issues relations between the european union and russia i assured mr lawlor of. the willingness of friends. to resolve a soon as possible the question of reeses. to have a free travel while so far as the short term travel is concerned we have discussed this for some time but we think that before the end of the year this will be resolved we also discussed the relations between europe and russia in the energy area and i indicated trend says attached to the respect to a long term gas contracts we also discussed security problems of relations between later and russia. france a very important to make sure that russia should be fully associated to the missile defense project and we have some concern and say here are the common concerns between our countries security also means the continent wide security during the recent summit. we reaffirmed the willingness of creating a common security and prosperity space and fran

program for the country germany hoping to snap up deals in russia russia hopes germany can bring nato round to the point of view of a joint missile defense system in other words that they can avoid the fear that the missile defense will be pointed there are fears the most go that the defense system could be aimed at russia or libya germany and russia both abstained from the u.n. vote authorizing nato action in libya and they both want to stop further escalation of the void in their own report that nato countries all being libya's rebels so both countries will be looking to strengthen their already strong relationship while a range of issues on which they share a common position and you are with r t a head in the program still. find out why some russian girls are showing their support for vladimir putin the head of next year's presidential elections by taking their clothes off. revealing the secrets of the universe a unique russian observatory sent into orbit to study galactic objects. police have made it one more arrest following the investigation into the sinking of a tourist boat in

russia strategist vice president c. investment research in our sis at citi bank ok chris i'm going to start out with you gentlemen let's all talk about the volatility in the world let's start with the eurozone. where is it going is there any end in sight and if there isn't in sight what's a outcome no i don't think that's what we're not expecting to see any you know short term solutions clearly this is a very extensive problem and it's going to require you know a substantial year or wait you know solution so i think you know obviously to the summer months we expect to see some perhaps some temporary stopgap measures but it's only been started that is for two years it's going to keep going like that i would think you know we are now at the point where there has to be something much more radical we will need to see the banking system in europe for example provide provide it with some substantial trillion euro or backstop for example because that's the big threat to all of this is that if you do get a default and leave the

in some ways i think russia is. more vulnerable now than before and i would like to go back to the fiscally sure that chris mentioned as everybody knows that oil price that is needed to balance the budget right now it's at one hundred and twenty five dollars it was much too. before before the crisis russia was was in a much better fiscal positions they had more money to do to put a aggressive counter cyclical fiscal policy if now we experienced a major shock to all prices i think the where we thought of the russian authorities is much less so disk would be an avenue where which they could be affected of course there are a number of ways you need to actually rush is less probably going to be going to be less vulnerable for example they have a much more flexible exchange rate policy than before flexible exchange little more flexible exchange rate the less flexible exchange rate before and they have a much less share much smaller share of short term external debt than before the crisis and i think this is also going to

program for the country germany hoping to snap up deals in russia russia hopes germany can bring nato round to the point of view of a joint missile defense system in other words that they can avoid the fear that the missile defense will be pointed mosco there are fears that most go that the defense system could be aimed at russia or libya or germany or russia or both abstained from the u.n. vote authorizing nato action in libya and they both want to stop further escalation of the void and that's their own report that nato countries all being libya's rebels so both countries will be looking to strengthen their already strong relationship one a range of issues on which they share a common position. russia says it won't recognize the libyan rebels as the country's only legitimate authority foreign minister sergei lavrov criticize the u.s. and other nations for taking that step in a diplomatic meeting last week in istanbul. that was you but look we do not share this position for one simple reason this position again means that those behind the recognition are fully siding with one politic

and russia close out we take you to the gateway to siberia. we are in the corgan region which lies south of the my eighty year old mountains and is distracted by the renowned trend siberian railway its lush landscape has made it a prime spot for russia's food basket giving it a rich every cultural heritage at its heart lies corgan city one of siberia's all the cities and one of which is developing a new life for its senior citizens as santa boy has been discovering. she may be eighty nine but the xander ivana doesn't have too many happy memories to dwell on a loveless childhood or work color to youth a hard working adult life at twenty five she married an older man and devoted her time to caring for him they didn't have children so she always knew eventually she'd be alone most people used to ask me why i worked so much they would say you don't have kids why do you need money and i would respond if i had kids they'd help me when i'm old and since i don't have children i needed to work hard at least they would accept me in a retirement home yet

absolutely russia has said here dmitry medvedev has said here in hanover expects russia to fully recover from the economic crisis that erupted brilliant two thousand and eight and that trade between germany and russia will be record turnover this year of course germany has announced that it will plan to shelter its nuclear stations in the wake of the fukushima accident in japan and that opens opportunities for the likes of russia's gazprom the gas joint here in hanover expects to sign some deals which will allow it to top the german market really as a stepping stone to the european markets while she also hopes for help from joining the world trade organization in return germany hopes to sign some big contracts in the. program announced by creature medvedev of course germany is facing problems here merkel is coming in for criticism for potentially bailing out the failing economies of greece and oil and the news that the crisis may be spreading to countries like italy and spain is giving a lot of cause for concern for people here in germany. and then what about russian germany's positions

european commission has removed quotas for potage coming from russia and belarus e.u. says the restrictive tariffs that twenty years ago are no longer relevant amid growing fertilizer prices. the world's largest producer by output currently it's around thirteen percent of europe's the non. sequitur to markets now and will is looking for direction pretty much rules action long flat to negative mostly right now this is as increasing u.s. crude supplies and the debt crisis in europe may hold demand through war materials therefore brant is declining sixty one cents lights went up just two cents. opium markets are still trading in the black the gains are limited after a downgrade of led by moody's investor service this is keeping sovereign debt worries in focus of course a burberry group is up more than three percent in london making it one of the talking in years as the luxury goods maker reported revenues up thirty percent of the first quarter. this is the picture in russia more than halfway through the session the markets have actually turned red this hour though slightl

and where money grows on trees in the disaster cleanup of russia's forests who are making cash. now officially recognizes libya's rebels as the legitimate government. colonel gadhafi is diplomats it's also unfreezing one hundred fifty million dollars worth of libyan oil assets to help fund that the rebels tripoli insists it will not enter peace talks to end the four months long civil war until nato stops its strides u.s. talks with the rebels in benghazi are making little progress towards a cease fire professor mark armin from oxford university things there won't be the dramatic collapse of could have his regime which nato is hoping for. traditionally britain has recognised governments not on the basis of whether we like them or not but on what will they control the territory of the state. lost control of parts of libya clearly the rebels don't control it yet so this is a start in a new precedent to capture all the dangerous one the other problem is that the rebels on the ground soon to stall even with the nato bombing raids and if we remember when this started more than four mo

russia's protection. in addition to this we're taking the opportunity to develop economic relations with russia. and these two facts have changed the situation there. and the fears of people used to have of georgia are now given way to the new outlook and other new concerns. these days our society feels that our priority challenge is that of corruption. and this i think speaks a lot for itself. therefore speaking of the presidential elections where certain about. but it well i think it's going to go exactly the way she was largely criticised for looking up to russia too much perhaps and for having made way too many concessions. leadership she would need to make some adjustments in this sense. i think that no matter who gets the office strategic alliance with russia will remain the top priority on a because there's a chance because there is no other option not least because other countries in the region have not yet recognized. this which states edge between keeps friendship green or would you say it has n

offer was turned down nato says russia can participate but it can't be a joint project because russia is not part of nato so that moscow says if that's the case let's base our relations on agreements not just words the shield itself according to the state department will have the whole of europe covered my colleague alex a year he went to romania where the u.s. plans to build the radar and found out what it means for the local population take a listen. the voice my of the romanian village of the still cannot believe his luck after washington picked this place in romania region to locate a new raider base locals have been all smiles about hypothetical investment. when we first heard to the us would be able to retire we were a little bit scared when the police who we were informed having this piece of infrastructure and possibly. earpiece in their pursuit was deserted for a long time. it will have a second chance. proposed to consist of raider facilities and interceptor rockets it is scheduled to be built by twenty fifteen and will become instrumental in president obama's european anti-