telecom sharing want to help with said energy majors the trading in the red as well gazprom is down a quarter to set bucking the trend on both of course this is rostam gaining two point seven percent. seven star plans to invest one hundred billion dollars in developing the iron ore project in liberia the company has got a commission from the liberian government to develop the field which contains the wrong one million tons of coal it will produce from two thousand and seventeen about twenty million tons of not a typo or clear. well has announced plans to generate fifty billion dollars through the sale of a number of state assets over the next five years that's according to russia's finance minister speaking in their words as russia invest in some as i say couldn't say that the government hope to raise approximately ten billion dollars a year for its products ational plan russia previously said it would seek to earn some twenty nine billion from the sales over three years the revised plan is to come into effect in two thousand and eleven. and that's also me in the business

team here but you know book i will be with you next hour updating business news again. game has been today our hangal speak. for the british russian fleet was going.

to r g goes to the area which holds tom position in oil and gas resources. where the biggest russian salmon can be our processing factories know. where unique species of damage can be found. should close up on our teeth.

it's now half past two in the afternoon here in moscow you all with headlines russia say they won't back down from territorial claims over a disputed part of the arctic. truth that. is a continuation of russia's mainland areas believed to hold a vast amounts of untapped natural resources. as the u.k. tightens its budget belt defense spending could be a major cuts but experts warn that the creation of a military could be a disaster for national security the country's elite special forces unit. its biggest ever. bust americans waiting for the economy to snap back two years after the biggest bankruptcy in u.s. history which sent the finances spiraling out of control they blame the collapse of investment bank lehman brothers for driving the country into debt sparking high

unemployment and foreclosure. well those were the top stories of the day up next alex he talks to harvard professor. timothy colton about historical dilemmas facing the country resetting relations with the u.s. and the power sharing challenges at the kremlin is experiencing stay with us. do with it colton professor and chairman of the department of government at harvard university and an expert on russian questions today thank you very much for joining us mr colton a regular participant discussions club this serious topic is russia's history and future development why do you think russia is so interested in history today twenty ten more than it was say ten years ago i think it reflects a trend which is not just russian but a think this whole part of the world. history has come back so to say now after the

collapse of the old system of the soviet system there was of course much ferment about history at that time understandably but then as the post the transition period developed it seemed more practical concerns about economic hard times and social issues and that russia had the chain on all sorts of burning questions and history was kind of moved to the back burner there were other things that seemed more pressing. but it didn't stay that way through history kind of came back and partly it's the effect of. your neighbors in the neighborhood the truth in this full of countries that also have historical dilemma dilemma's many of which are about their relationship with russia and so even if russians wanted to leave history alone. you're ukrainian in polish in a stone in another neighbors don't want that and so they press you in

a sense on the historical questions you mention three countries russia poland and ukraine which of the three do you think have problems with self a difficult i'm not sure it's sort of the problem of the self and then of creation but if you think of that within it the ukrainians for sure because it's not not as homogeneous this point or stony as so in ukraine. may be a. a bit like russia history is very divisive whereas in poland this would be perhaps less the case but just to go back to what i said a moment ago it's not just about these external pressures on you i think russians themselves and not everybody by any means but more than ten years ago let's say find themselves drifting back to history your bookstores now have more history books than ever before and specifically twentieth century history this was where communism started. and communism had its good points but it also obviously had its many very bad points and it ended in analyzing them you're looking at yourselves so

it's not to the poles can say that the russians did this to us but you can say that it forces you to look carefully and sometimes very painfully at the losses of the soviet period so a lot of it's just about that i think communism is has rather unexpectedly returned to the agenda and you see europe your leaders talking about it putin with his prime minister putin with his interventions on cotton. and relations with poland of course majed of maybe has been less active but he's made one very dramatic statements in october two thousand and eight and it seems as if he takes this very seriously how would you assess the effectiveness of russia's current ruling time down with president dmitry medvedev and prime minister vladimir putin sharing power well power sharing is not a unique phenomenon to russia pound and many other countries. and presidential

constitutions that also have a prime minister as a separate senior leader are found now in many parts of the world fifty or sixty countries. but what's unusual here i think is that it's the former president the dominant. the leader for eight years who became the junior partner so to say under the constitution that's very unusual maybe almost unique so imagine a president former president of france becoming prime minister later this is almost unheard of so that's what makes this all a bit of a mystery and they don't really tell us much about how it really works mr putin. in fact i think is tired of answering questions about this but i think they said what they're going to say they say it works well that they have a trust for relationship but they're in regular contact one has his job the other

one has another job and up to a point i believe that i mean i think you know they it's lasted. almost three years and. clearly they have managed to cooperate on many many issues president medvedev has now carrying out a well publicized drive for him with their new zation and diversification of russia's economy was else have you seen so far i've seen very few and most of my russian friends say they've seen very few as well. and you know his call for modernization was not just about the economy but it's even broader so it's a very grand idea it's not a new idea because most of russia's leaders including yeltsin and putin before him also thought they had a program for modernization although they didn't necessarily use the word as much as he does but some sources of russia's. economic problems i think lie very deep in putting corruption within soprani rights well i think it requires

a more fundamental reform of the legal system of the institutions it requires greater openness it requires a more competitive political system you have it seems to me in many ways a very dynamic and admirable society and a great culture but you have a very backward state and you have to. fix the state and how do you think russia did in handling the financial crisis and you know i think i would give them a pretty good grade of foreign russian terms you see here the effects of some rather smart things that the putin people did saving this money putting it away in a. fund that could be used to get over hard times so i think you have to give them pretty good marks for managing the crisis but what the crisis has done it seems to me is revealed at a deeper level the underlying structural problems that were not necessarily the result of the crisis it just showed you know in a way how bad things are in the auto industry for example now you have. industries

that are more dependent on government support than ever mr putin the other day mentioned tariffs for the auto industry and that's that's sort of a twentieth century solution. and did might provide some protection but the future for all of us is i think more open economies where you can compete apart from the corner which meets diversification obviously of what other big challenges will the russian government be facing over the next few years well it depends what you mean by challenges i mean this particular group has been in power for a decade and they are quite smart reasonable people and clearly a very high objective for them is just to remain in control and i think that for them that probably is the biggest challenge and they have proven to be very smart at doing that but i think the long term consequences for the country of a you know a governing structure which has a monopoly and then surrounded by really political relics of the one nine hundred ninety s. communist party of journalistic and so forth these are not contemporary they don't

give the ruling group competition it needs competition to innovate to thrive and to move forward and it's not getting that and what about security threats like islamic radicalism ok i'm glad you raised that oh that's a serious matter of course. and. the north caucasus problem generally has clearly become. more inflamed in the last several years it's no longer just church now but rather a whole region and your government is used to variety of approaches and sometimes they're great people one another. there is a security response of course armed forces some of which is absolutely necessary and i would support if i were russian there's an economic development program. but it seems to lack energy and coordination this year a bloody revolution unseated the ruling regime in kyrgyzstan and into him government is now in place with parliamentary elections due to tober this year what

are the most important points the current administration should remember as a tries to build a democratic future for the country maybe even deeper i mean what the kirghiz leaders now talk about is whether it can survive as a society let alone as a democracy which seems quite out of the question right now how many times can you do it the wrong way and this is the second time in five years that the overthrow of a government but a lot of the pain about whether russia should have intervened in the events in kyrgyzstan what's your take on that i actually was surprised at the time i thought that they would have your government would would have said yes but it didn't there may be things that went on surrounding kurdistan that are secret for example there i think were a lot of communications between russia and the united states on this issue there was a proposal apparently that the two of them send peacekeepers together. but this was rejected because it would be seen as too provocative the united states and russia

in a sit in the situation where you have a lot of radical islam in play but i don't think this and. gave this once and for all i think russia would be drawn into kyrgyzstan into central asia more generally kurdistan i soon will join the customs union as it seems to want to do. i think russia's presence in kyrgyzstan and ca's extent is probably going to increase in the rest of central asia are probably going to decrease we've seen a real you know rather small between russia and the united states of america recent date but one of the problems the two countries have and on delta well we've seen progress definitely and last year when i'm not involved the new obama administration had announced this reset policy but it was still very early stages and there have been really no successes at all today we you know it looks quite different. both sides of learned to i think look at the point of view of the other

side and the policy is moderated we have an arms control agreement oh but so many things that i had i mean there's a question of whether the united states will even ratify the agreement because we're going to have a congressional election in november where are the opposition may gain control over the congress so that and that's only the beginning i mean the agenda is very wide and very deep and there's been limited progress which is good but it's it's only the beginning we're talking here about it would take ten years to work through these things in terms of what is next i think russian admission to the w t o i mean i think that would be finally a promise that was delivered on that we know is important to russia that will have good consequences for russia like it did for china to help modernize your economy that i think there's reason to be optimistic that finally this is going to happen and that would open up a whole other front then for interaction which i think would be very good mr colton thanks very much for your insight.

wealthy british style. markets why not. find out what's really happening to the global economy with max keiser for a no holds barred look at the global financial headlines tune in to kaiser report. so.

this industry still keeps its secrets but now it's time to reveal the truth to the soviet files house on the embankment. every month we give you the future we help you understand how to get there and want to bring the best in science and technology from across russia and around the world join us acknowledging update on r g. russia say they won't back down from territorial claims over a disputed part of the arctic sea bed moscow says it will prove that the. ship is

a continuation over russia's mainland areas believed to hold vast amounts of untapped natural resources. as the u.k. tightens its budget belt defense spending could be a major victim of hefty cuts but experts warned creation of a second rate military could be a disaster for national security the country's elite special forces unit the s.a.'s will undergo its biggest cuts as. if from boom to bust americans are waiting for the economy to snap back two years after the biggest bankruptcy in u.s. history which sent the finances spiraling out of control they blame the collapse of investment bank lehman brothers for driving the country into debt sparking high unemployment and foreclosures. up next it's the sporting update with the top.

hello and welcome to sport and r.t.m. that seven week look at what's making the headlines this hour spartak moscow start champions league campaign on a high note setting must say one way or no way in france. on the ice we'll take a closer look at two time consonantal hockey league champions. and it's tea time as the inaugural russian challenge opened a new course at moscow regions. and we begin with champions league football west product moscow are off to a great starting the main stage of the competition beating maul say in the opening group match muscovites how well both were helped by their opponents. and that's it and they'll go in the eighty first minute so one nil this score away in france sparta putting an end to their poor record in europe boasting a first victory against a french club in eleven matches elsewhere in group after english champions chelsea

edged out surely not for one week put on their car with a brace that won. over in group eve ball in the unit be throw mud to kneel at home with girls from villa and close it while basel one down to remain an outfit c.f. our glued to watch. group g. now where real madrid had no problems against santiago bernabeu well good luck to go seven out to nail winners the grain and that seeing this second after the need to score the known goal in the first half and also their milan toasted the same score against all south helped by double from the slot which. finally in group h. ukraine's shocked of the now defeated point to some nail while andrea shove in five one of six against champions in a group braga as the gun has crashed into. portuguese clubs. at the emirates stadium that despite the london as well playing with out some of that key players

left out injured. it's fantastic because it shows that you have a style of the to everybody knows. no matter who comes in. the same way. so it's good. to have a big squad where everybody can play a part and when you look at who was out tonight. who was sitting behind. some quality play is moving to the eyes that. this week are there is all reports featuring consonantal hockey league competitors and will begin with the league's reigning champ. a bit but i now has the story.

it's often hard to ridgetop but it's even hard to hold on to the summit of worse the undisputed powerhouse of the kontinental hockey league with a third gay chelsea isn't underway because inside is still the only club to have lifted the league's top trophy the gaar in cup this isn't the snow leopards received yet another boost to their roster after signing one of the league's top scorers marcel hossa going up at r.k. for if he were rich something else will. kill this team has a boy kind of experience where you know they wanted to championship so. that's why i came here of course i want to win something in my pocket. is legal. it's very tough tough for all to get for the covering of. this thing to change washington but you are saying to three years of. course the falls are going to be for just three think. although a strong lineup is not often enough to secure

a long term success. as brightest stars in russian internationals i would say more rows of indonesia review of don't just appear out of the blue they need to be home . for tea went on a mission to the republic of their stand to find their hokie team's best kept secret the secret of continued success first and foremost traditions followed by years of building and nurturing necessary infrastructure combined with investing into the future that's what gives the kid. the edge because of poor kids or to the local authorities deep their best to secure the most favorable environment for our club and the development of the sport in general with new venues. have been built a lot of kids are getting involved into sport so i hope will soon get a lot of new home grown talents for russian hockey and i get bars and besides hockey worries in a new healthy generation and it is a great example to follow these balls he has already proved to be very efficient

the sixth largest city of russia in two thousand and nine cars and was officially recognised as a sports capital by president red if. the local so it would be in claim to back to bed dials in the russian food bowl premier league although ice hockey is still considered the number one sport into their system yet. the better result akbar's achieve the more people here will fall in love with the game as soon as the team won two k. chill championships many parents took their kids to ice hockey schools are going i'm going to move the boys palaces are being built in nearly every town all of the talk to start. figure skating every sport that deals are beyond us is extremely popular here that's great. but over the to turn. our miles away from resting on their laurels is there is hardly a team in the league that will give their all to be the champs. we are two time

good garden cup wins so every team will have some special motivation against us we realize it and we will like to face an ambitious opponent and this is what makes us tougher as well it's just another opportunity for us to prove we are worth the team looks like it's going to be an extremely hard to snatch that going up from the snow leopards named. course that's what they call this beautiful animal here and are stunned and maybe it's magic power helps the cousin side to dominate the kontinental hockey league for the last few years but now it's time for us to leave form and get a gorski to find out more about him not a giant of the russian hockey. more than r t so russia. moving to cycling now a valid stick the top honors in stage seventeen of love oil task the race raese and on wednesday after tuesday's rest day russia's denice main shelf of they rob a bank today was the second foster stay in the spanish town of panel feel the stage

itself was a four to six kilometer individual time trial world champion five and catch laura's favorite cycle shonar and the swiss battled. way to top small carry on bob he was soon pushed down to second by main shelf a double lovewell to winner of the day obviously belonged to vel it sounds leitz once a five year old age to see kolob there either of surprise the odds by winning his first major a stage with a time of fifty two minutes and forty seven seconds in chance a new body meanwhile regained be over a lead from joaquin or drake is with four stages still to go. and to gold finally where some of the world's top players are in moscow region this week ready to show their best swings at the russian stage of the european challenge tour constantin but out of three boards from the opening day of the russian challenge cup. the financial crisis has manta to russia dropped off the major golf tournament map but the european challenge tour is back after

a two year absence the russian challenge cup gets underway in through is the end is going to be the biggest goal for an event in the country this season and why moscow is hosting the second time a professional golf tour in europe is largely down to one man former world number one tennis player you've guinea could think of is currently the vice president of the russian goal for c n n it seems his fame in the sporting world still picks a mixture of in terms of influence. of course it was extremely hard to get the european challenge to return and great work was done to achieve that we had to persuade all the officials that the course was worth hosting a stage and i'm very pleased that my efforts at low being for this tournament helped. over hundreds of professionals who take part in the lucrative who and it's a stunning to live a golf and pool club set in the outskirts of the russian capital the course just two years old is as big as its demanding and will test the goal for skill to be

a limit the golf course is amazing there is a golf course a jack next to design in moscow in russia is actually the best golf course i've played in europe this year. it is long it is good conditions are amazing and just you know a privilege to be playing. with big tournaments and good facilities were she's still missing one key ingredient in the sport homegrown goal for us withdrawal ranking stable to compete with the world's best players however international coaches are optimistic about finding the brightest young talent and turning them into stores can also find a young talent by. over the next few years. and they can be competing in events like this that will be great as well. i'm for everything that can help. commit developed in russia. be great for the nation great for golf worldwide meanwhile golf is returning not only in russia but to the olympics and will feature

at the games in brazil in two thousand and sixteen this will give the sport huge boost in russia where much can depend on a status in the sporting world over a new needs developing but it needs encourage went from the government to put money into the sports ground roots level the younger end of the market and it needs to be affordable for everybody the russian challenge cup is a big step forward for golf in russia it's the country's second quick to get back to top of the sport and those behind it will be hoping that the greens and farewells here will become a fixture on the shuttle of major tournament. r.t. . and that wraps up this fall for the moment coming up right after this a check on the world weather and then the main headlines athletes of the hour don't go away.