it's called the st. petersburg international economic form, which is celebrating its 25th anniversary this year. and guess what? we can see participants from about 140 countries, and i guess this is something that doesn't really sound like universal isolation. the moto of the forum is new world, new opportunities. and i'm not saying that the russian officials aren't looking at the sanctions as something that's hurting the russian economy. but like the moto has it, the country keeps looking for ways to turn the negative effects from the international blood pressure into benefits. here's how the russian prime minister evaluated the effects of the punishment from the west blade at the corner of which are those we've managed to weaken the effects of the sanctions, the economy steadily adapting to the new challenges, the macroeconomic stability is being maintained and all social programs are continuing in general, we can say that at this point our economy is tackling the pressure of sanctions from someone dou

it's called the st. petersburg international economic form. it's been happening every summer for 25 years. $140.00 countries are taking part and it's always been a chance for russia's businessman and government officials to showcase rushes full potential and also laure investment. so what's happening this year? nobody's coming. and the st. petersburg rain. you know, it's famous. does it make it more pleasant? let's have a look at the venue. ah . well, the vibe is quite usual when you see all these bright cool monitors around you representing top russian companies. you always feel like you're part of something very promising. modern full of energy the main days of the form have not begun yet . okay. the leaders of the likes of france or japan are not coming even though they have taken part in previous years. but mr. brewton is welcoming the presidents of, for example, catholic, stan, or armenia which are considered was as friends. and are part of a you reagan, economic integration, blog, which has taken ties in the european union as an example.

that's the message from goes from the ceo of the st. petersburg, international economic. he said the western dominated economic system is undergoing drastic changes with the u. s. dollar weakening. i'm and d v u. s. central bank approved it's biggest interest rate hike and 3 decades in attempt to rein in searching price inflation. with around the clock across the world, this is r t from the team and myself, you know me. hello and welcome to the program. at least 7 civilians have been killed in ukrainian rocket attacks over the past 24 hours in the loop. ganske republic is according to local officials. most of the casualties were in this the 2nd off. while the city of dun yes has also suffered another day of shelling reports a must have explosions, were heard thrive theory on thursday and elsewhere in the done yet republic, 14 residential areas are reported to have come under fire, leaving one mom dead on another wounded dpr officials say the shelling was conducted with the use of multiple launch rockets systems and yet has been enduring, continuous shelling by key forces

what is your mission here at the st. petersburg, international economic form and the 1st place i suppose sir to announce and to say wider about aerospace initiative for to share with our with the intention and or with ah, our ideas that i, our aerospace industry in russia is growing is arising and will differently surprise all other partners in other countries and with the projects itself. and we as our staff with our teams and who knows, maybe in the next year, next year we'll have a group to satellite as it feels country in the world. and maybe we will have a constellation for sar or satellites, bundles and zeros. and a lot of countries will use these products on a daily basis. i suppose that russia is developing rapidly nowadays, and sanctions and restrictions now force us to make it tougher to make it bigger in all our all our projects and ideas will issue for place goals earlier than we planned before. and on alex's ceo of newspaper corporation, thank you for coming to our studio and good luck with all your adventur

petersburg international economic forum. the see which delegates r t is not to have a quick chat with today. ah . oh well she's news media cards and like if you speak russian, keep your voice down while out and about a couple don't put your human symbols on display a little speech nice. all right, so you guys don't talk to strangers. 7 i avoid noisy gatherings and rallies a marsh. we've eaten your colleagues and perhaps also your friends think you're guilty because you'll russian . a specific social timing. mm. so what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms. race is often very dramatic, that development only personally, i'm getting to resist. i don't see how that strategy will be successful, very difficult, time. time to sit down and talk with who is the aggressor today? i'm authorizing the additional strong sanctions. today. russia is the country with the most sanctions imposed against it. a number that's constantly growing for each of the problems to cause a proble

it's an outlook that economists outside of st. petersburg say isn't so self evident. it is the golf now and a bitter showdown between the established pga tour and an upstart serious backed by saudi arabia, which is putting up $25000000.00 in prize money for each of its $8.00 tournaments. the cash is attracting big names of the game, but the actions have also polarized many in the professional golf community. green is a coveted color for the world's top golfers. so it's like 3 times master's champion . phil mickelson. now, summer being accused of thinking only of green mickelson dust and johnson bryce in de sham bo, and 14 other professional golfers received a multi $1000000.00 signing fees to playing a live golf series that started last weekend. johnson received 150000000 michelson is reported to be earning 200000000. so i feel good about that. i feel good about the efforts i put in to try to get back to the game golf as well as a tour. and i'm excited about the opportunity that live golf presents for me and the game a golf going forward. again, the giant payouts are

with my piercing, postpone 5th feature, the st. petersburg international economic form for one hour because of massive cyber attacks. and all the crew reports from the front lines of the federal don. yes, chemical plant to the luke guns republic, where foreign mercenaries find themselves trapped to long find thousands of ukrainian soldiers. the coil companies blamed by the u. s. president for inaction pushed back against his call to ramp up production, saying that he himself previously encouraged to shift from folk who feels with welcome. this is nancy international with the latest world news and of course, covering the 3rd and final day of the st. petersburg international economic forum and thanks for joining us. one of the world's biggest, most important business events, the st. petersburg international economic form. thanks. it's the day in russia's northern capital, they see the form is held under the slogan, new opportunities in a new world. ah, no news just in for you, the russian president vladimir putin has had to postpone

it's an outlook that economists outside of st. petersburg say isn't so self evident. well for an analysis of today's events, i'm joined now by jak kierkegaard of the peterson institute for international economics. so jak up, we heard the head of russian energy giant gas prom today saying our product, our rules, of course, talking about a here in the wake of cutting gas flows to europe for various reasons for sanctions due to their demand for rural payments. this is a pretty straightforward statement. he's made here, but realistically is gas prom and a strong enough position to have the sort of attitude? well, i mean, they are for a brief period of time. yes. their product is their rule, but only as long as europe needs this gas, and that probably won't be very long after which they're going to be trying to find customers elsewhere around the world, which will be very, very difficult. so it strikes me as, as sort of the rather empty rhetoric actually. but it's also clear that the timing of these cutbacks of gas for europe is not coincidental. it's obviously linked to t

he said would cope with the challenge for the annual st. petersburg form is smaller this year. western firms are notably absentee for a while for an analysis of tunes remarks. let's bring a timothy ash emerging, emerging market strategist at blue bay asset management. thanks for joining us. now putin said today that russia's financial systems and markets have stabilized and that a crisis has failed to materialize. would you say this is accurate? well, they crashed initially, you know, huge drops in equity and bond prices. washy bone prices of state, very low. they would about a $0.13 for the russian long bond and the trade about $0.20 now. so that's not true . the ruble has stabilized, but it's a pretty artificial exchange rate at the moment because it's of a liquid market impulse of collapse. and obviously energy prices the highest, so that's helping them. but you know, sanctions are not meant to us. well it's, it's very difficult to stop the russian economy. a straight away sanctions will have an impact over the very long term. undoubtedl

but before i finish, i would like to say hello to the people of st. petersburg. this with the city of heroes city that symbolizes openness to the rest of the world. and in conclusion, i'd like to thank president wooten for his welcome and for his invitation for me to take part in this forum as a guest entry into i mean, i'd like to wish all the participants of this forum. good luck and a lot of success and to all the brother in nations, i wish a constructive corporation well being and progress organ. and i am pray to the almighty to allah, to maintain stability in the world to prevent conflicts and wars, and the damages, and to use the language of peace and dialogue, language of understanding. well, i planned a peaceful coexistence with thank you for your attention. i see the slogan of think hugh, the other was little sissy? i think that the people of st. petersburg, they are very happy to share these warm words. so my cell is not available at the national semester, but sir, we have just moments away from our discussion. only she needed to listen to the video add

well, the day to at the st. petersburg, international economic form is in full swing. i can feel the energy, i can feel the smell of big business. but let's step aside from economic issues for a bit and talk to the spokeswoman of the russian foreign ministry. murray of the car, but he has dropped over again. nobody be getting you to afternoon st. peter's just yesterday attended he or griffin and i have to be frank law was one of the main highlights of yesterday with alex is up with him is and you did him in talk to western internally as it was this whole occasion. even both of them could you say honestly have it become more difficult to talk to them now? it's the same when applying to the order. if you are both and to have a table position, you know, nothing can change. this new, our official position is tell you, but it's unchanged. it's based on the consistency of the policy will pursue money and and non affected by the present moment. muso, locally not walk. it is largely based on facts, complete reality, or the one we have a ton. so the more for the got the event o

petersburg, international economic form. this year. russian president vladimir putin was clear as crystal. russia will stay the course in ukraine into a victory as a cheap and more importantly, russia will not compromise its sovereignty in the face of western russia. ah. to discuss these issues and more, i'm joined by my guest, george samuel, we in budapest, he's upon caster at the goggle, which can be found on youtube and locals. and here in moscow we have to me pre bobbitt, she is a political analyst and editor and interest me internet media project. i gentleman cross accruals and effect. that means you can jump in any time you want. and i would appreciate it. highlight, start off in budapest, and george of let america putin gave a remarkable speech at this years or he can, i'm a form in st. petersburg. i've been going for about 20 years. i've never seen anything like it before. this is the only thing comparison is i, his features, meanings as security, speech or in munich of 2007 and your initial reaction because there's

well, ah, the day to at the st. petersburg, international economic form is in full swing. i can feel the energy, i can feel the smell of big business. but let's step aside from economic issues for a bit and talk to those spokeswoman of the russian foreign ministry money as a condo. but is there asked with hello me? nobody nobody because kidding you to afternoon in saint petersburg. just yesterday attended your roofing, and i have to be frank love. it was one of the light, the main highlights of yesterday with arms and is up with them. and you to the minute talk to western journalists, it was the small or cation of, and both of them. could you say, honestly, the millersville, what has it become more difficult to talk to them now? it's the same when that's like, why did they to do that? if you are, say both and to have a stable possession and nothing can change this. i mean our official position is this table, it's unchanged. it's based on the consistency of the policy which pursue money and back. and it's not affected by the present moment. all missile a floor when they not

this year's economic form and st. petersburg. i've been going for about 20 years. i've never seen anything like it before. this is the only thing comparison is i. his speech is music's as security speech in munich, of 2007, your initial reaction because there's a lot to chew on their well, it's very interesting that you bring up the music speech because of course, it expresses a continuity of all of his thoughts, ideas that is expressed many times over the munich stage, but i think that he's really presenting now a shop bifurcation of the world. i mean it's a decision we're done with the wes. and then the west has brought about this crisis on itself. a crisis in your brain, the crisis in the economy, the crisis with energy and that we're in it. we'll, the russian people are just not interested any longer in working with the west. we have our partners in the rest of the world. and he's very negative characterization of what the west is be doing, which is essentially, you know, you exploiting the rest of the world. i mean, it's almost a speech going back to the days

petersburg international economic form. all week long the the us president has been accused of playing blame games when it comes to us energy prices with florida governor rhonda santa stressing that he needs to take responsibility for his incompetence. he needs to take responsibility or was trying to blame other people. he's always trying to create a scapegoat in the last week. biden has also been slammed by big oil companies after he requested they ramp up production to tackle gasoline prices that have almost doubled since last year. but the industry's response wasn't exactly what the white house wanted to hear. while we appreciate the opportunity to open increased dialogue with the white house, the administration's misguided policy agenda, shifting away from domestic oil and natural gas, has compounded inflationary pressures and added headwinds to companies. daily efforts to meet growing energy needs while reducing emissions. longer term government can promote investment through clear and consistent policy that supports u

i and peter lavelle speaking at the st. petersburg international economic forum. this year. russian president vladimir putin was clear as crystal. russia will stay the course in ukraine into a victory as a cheap and more importantly, russia will not compromise its sovereignty in the face of western prussia. ah, to discuss these issues and more, i'm joined by my guest, george samuel, we in budapest, he's upon caster at the goggle, which can be found on youtube and locals. and here in moscow we have to me pre bob, which he is a political analyst and editor and interest me internet media project, or a gentleman, cross accruals and effect. that means you can jump in any time you want. and i always appreciated, highlight, start off in budapest, and george of let america putin gave a remarkable speech ad though this years i, he can, i'm a form in st. petersburg. i've been going for about 20 years. i've never seen anything like it before. this is the only thing comparison is, um i, his speech is music's as security speech or in munich of 2007 and your initial reaction be

what is your number one goal in st. petersburg? what are you here for? i'm very much enjoying because since last monday, muncie we're hearing about russia and when we came here, everything we found is normal. people in goodies and they are working more hard to overcome from this situation. because in this forum, funds we don't make, make for them for still, for like on graduate organizer that, that is the 25th anniversary of that space and beautiful to deal with. and 2nd thing, i think that all major companies like guess from my roles and rosen, what it's like for level find new route to cooperate with new alliances, breaks and school and alliances. and they will find good solution for overall development for an email on the president of the breaks international form. thank you very much for your time and thank you for being a guest on our t. we hope to see you again and good luck. thank you. anyway, all right, bricks numbers, south africa, is considering, importing oil from russia to mitigate surging fuel prices. skyrocketing energy costs have hit the e

so a thorough explanation of russia's vision coming from st. petersburg. let's wait for the next step from both sides of the speaking out. the forum was the head of russia's gas prom who stressed that there's been a global tectonic shift with new economic rules emerging to move away from the u. s . dollar. ron galard, him cook the bretton woods system, 2 point oh is simply a paradigm that says our currency, our rules. they tell you how you can use their currency. what you are allowed and not allowed to do in the west makes the laws, but we're seeing the dollar lose. it's a gemini, as payments in other national currencies or on the rise. and finally, the paradigm itself is changing. the priority is being given to another formula, goods, money, goods, we sell gas, then we extract it. our goods are rules. elsa caught up with the philippines ambassador to russia eco bail and at the forum. and he told us that the country is very interested in doing business with moscow, despite the western sanctions in the russian foreign ministry, the prince, that the philippi

the st. petersburg, international economic form. the one of the main topics of friday's discussions was of course, the military operation in ukraine, or chief editor in chief. my to go to simone young, was the moderator now the forum and asked the russian president about the future of the don't us, she will be by yet some people in our country and in the liberated territories are afraid that we will quit and leave. will we leave and use them? we will support the people living in these territories. but in the end, only the people who live that will determine the future and we will respect any choice they make him up with him. so let me write that in my potent weighed in on a range of topics in his speech at the st. petersburg, international economic form included how the so called blitzkrieg of sanctions against moscow has failed. president also mentioned an inevitable end of the unipolar world order. and the importance of technological sovereignty to ensure russia can produce and provide for itself while avoiding international self

and now he took me to fly from the capital to st. petersburg or 3 and a half hours. i think in 100 years people, but it will be amazed that it is going to be possible that he wasted 3.5 hours to arrive from one state to another. because it can be done in 10 minutes. we can stop scientific progress. the key robot a couple of course, and they're all the roberts, that will be superior. if you're in elegance, why is why people bachelors, the other matter will be, have human feelings, human intuition, human as well as that's something that we can debate about at the discounts now. but like i said, the scientific progress promotion, will it be? well, it'll be used to play sometime, or maybe it will when the global disaster will happen will occur. but sort of get them going. as for me, i would like you to just stick with your own eyes in 2040 bias or what will happen with the inventions people are developing. now the vast and bandwidth of the world are developing now. and at the same time, i would like to say that hopefully these are talented and that you're not sure people

petersburg. but i think you will hear about this so called, who tends inflation with who's listening to such nonsense. everyone understands the real reasons. huge sums of money were printed and this money was used to purchase goods and services outside the western countries on the global markets. in an exclusive interview are 2 spoke to american mercenaries captured during battles in northeastern ukraine. and they did start reporting on the fact that there had been conflict in dumbass for, for the past 8 years, but it was always presented as a russian aggression. i hope, one day i'd gone forget conflict in this charts on people not to come here. usa today is now recognizing that some of its pro ukraine articles vilifying russian troops are based on fake information with broadcasting from our studios in moscow. this is our 2 international one. i'm john thomas. certainly glad to have you with us. now let me put in, has shared his take on the global economic crisis, as well as russia's reaction to t

petersburg economic forum as it progresses. ah, the israeli defense minister has proposed the formation of the us led coalition to count iran, which would include a tel aviv and a number of our countries that comes with washington. still not committed to a new nuclear agreement with to run a deal that was cancelled by the previous u. s. administration which has left many countries in europe. frustrated. artie contributed rachel marston explains us president joe biden as a year and a half revive the iran nuclear deal. struck in 2015 with the european union us china, germany, france, russia, and the united kingdom. under the agreement, a foreign policy cornerstone of brock obama's presidency. when buying was vice president iran with curtail its uranium enrichment program and exchange for sanctions really and normalization of relations. former us president donald trump talk the deal like it was an unloved way. i'm a prem leading by the non cleanup duty. while washington continues to dither and iran continues to pursue with nuclear

petersburg and one of the world's biggest and most important business events. the st. petersburg international economic form has entered a 3rd day in russia is a northern comp. i. so now pretty soon we will be crossing live it to the russian president as he addresses the forum. do. stay tuned for that as and when he starts speaking, we'll take you live at to saint petersburg. now, the russian, a deputy minister of economic development dmitri volva, has told us here from the st. petersburg form that attempts to isolate russia are destroying the global trading system. and the result is felt by economies throughout the world, carrasco figure out sir the russian federation despite completely unprecedented unilateral pressure remains a responsible participant in the energy and food markets. we understand how important this is and how much the whole world depends on the logistics changed, primarily related to food and energy supplies, support ship, any attempt to exclude a link from these chain will lead to a very serious consequence and to lead to skip a thought moreover, i

in his speech at the st. petersburg, international economic form. they included now the so called a blitzkrieg of sanctions against moscow has failed in the president also mentioned an inevitable and the unipolar world order, and the importance of technological sovereignty to insure russia can produce and provide for itself while avoiding international self isolation artistically. katrinka has more from before. well, we almost knew that as of latimer potent was going to use strong language and throw punches at the u. s. and allies, but the russian president got very tough, perhaps even tougher than expected. and you note the speech almost sounded like a lecture for russia's geopolitical enemies. mister bruton also lashed down at his western colleagues for what he called losing common sense. and also literally forgetting about the interests of their own people. all in a bid to we can russia, president putin also brought up how global economic hardships were being blamed on russia. constant the which according to the russian leader, is totally unfair

petersburg, international, economic for. and they're, they're all looking or at least a good majority of them to clinch lucrative contracts. some have already achieved that goal with hundreds of millions of dollars and deals already signed on the events. opening day on wednesday on rti got the chance to speak with that russia's foreign ministry, spokes person in st. petersburg on a different topic at re it's a heart of essays. the u. s. isn't concerned that the sanctions against russia hurting e u. economies as it reduces competition with arms and isabella muslin. that is to me yesterday you spoke with western journalists. there was evenly little dispute. how difficult is it to talk with him? he met his goal at it. nap salazar, i did not go or it's absolutely the same if you stay strong in your positions than it's possible to change that we have our position and it's unchanged. it has its own values and meaning and is based on facts and reality. that's why western journalists are worried and i'm not, i know my task and under

so a thorough explanation of russia's vision coming from st. petersburg. let's wait for the next step. from both sides was a speaking at the forum of the head of rushes gans prom who's stressed that there's been a global tectonic shift with new economic wells emerging to move away from the u. s . dollar. we run, karate mccook, the bretton woods system. 2 point, oh is simply a paradigm that says our currency, our rules. they tell you how you can use their currency. what you are allowed and not allowed to do in the west makes the laws, but we're seeing the dollar losing to gemini as payments in other national currencies are on the rise. and finally, the paradigm itself is changing. the priority is being given to another formula. goods, money, goods, we sell gas work, then we extracted our goods, our rules. we also caught up with norwegian, political scientist, gland decent at the forum. and he explained how russia's financial system has defied all of the western economic precious sofa. what the west had, the plan for russia obviously didn't play out because

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the mother of the st. petersburg international economic forum or weekly me this and other story where a cost to day in a bid to check staggering inflation. the u. s. central bank has raised its key interest rates marking the biggest one time increase in decades. the federal reserve raise the rate by 3 quarters of a percentage point pushing its benchmark rate to arrange a between $1.00, a 1.75 percent. the height which will affect consumer and business loans, is this 3rd since march, and the biggest and almost 30 years. we spoke to economics. professor jack robins, investment manager, mitch fireside optimism about the move was in short supply from both met they feel they've um, almost lost control of inflation and the markets and investors have been pushing the fed and the government to get more aggressive to raise rates. and that's what's really behind all this, but you know, it's interesting. i listen to jerome this morning, you know, and the chair with a chair and he indicated that, wow, this is really a

petersburg forum proves the western powers. can't isolate russia on the world stage up with these deals of the like you, what has the west done? they've isolated themselves from us, but it's impossible to isolate us. the west wants to cancel us to defeat us, to dominate us. but at the same time, they want to coexist with us. if they believe in their policy of canceling russia and restraining our country's development in accordance with that policy than they are isolating themselves, the whole world is watching what's happening. asia, africa and the middle east are drawing their own conclusions about whether the west is a reliable partner. denito ortiz ilia. katrinka is up the forum and he spoke with his sammy, called swanny. the head of the indian business alliance. about opportunities for asian countries to do more business with russia. the whole while is going in the session. and there is someone has to be blamed for it. so definitely is not russia because they didn't bring this situation. so the western world and america bro

that's the message from gals problems. ceo out they st. petersburg, international economic forum essays the western dominated economic system is undergoing drastic changes on the u. s. dollar is weakening on big oil pushes back against you as president joe biden saying his call for them to ramp up the production is misguided because he's the reason for the deficit of the commodity in the 1st place with broadcasting from moscow. this is our t. my name's unit o'neill, of 30 minutes of news and views start not the leaders of france, germany, italy, andrew mania. buck immediate candidate status for ukraine's bid to join the knots as they met and key of what ukraine's president's zalinski the quartets made the trip buzz sizable divisions emerge within the e u for support for ukraine and it's demands in the conflict. the french, german on italian leaders travel to cave by train, with arrayed sirens in the city sounding shortly after their arrival. before the meeting, they made their way directly to the suburb of urban which key of accused russia