Think oh we have lost nothing with have. No. Thats we were constantly very beautiful there were yes there are calls to reform the w. T. Oh. First as an organization the w. Cio was established by a group of countries but the decided to remove trade barriers 2nd the conditions for exporting goods to other markets should be predictable and understandable for the actors involved. And what do we have now. Under the pretext of National Security of countries simply ignore the w t o. There is in fact a provision that if a country feels that there is a National Security threats they can choose to stray from the w t o principles is a person now some countries are taking advantage of that the u. S. For example sees all these regulations mainly as a National Security threat. When the w. C. L. Was founded just the spirits and the environment were different. Today that everyone is leaning towards protectionism safeguarding their own interests that may start with one country and then you have a group of countries or an alliance whats it could be just one country with a large market that would say well if these states are pursuing an isolationist policy so we lie and so on. Thats not good for the Global Economy. Blunk named. Biggest. Story of the trade war us and china and everyones going crazy state worst Case Scenario and were going to plant trees. Fail to reach an agreement they definitely wont cut all ties or impose mutual sanctions because it would be their own 0 we can rule that out with their one of the 2 separate Economic Zones in the world one also a friend of his and we will go trade with ours thats not the end of the world is a really good. No of course its not the end of the world then the but trade will be down capital flows will slow down including investment and there will be less demand for some goods that go away including russian exports you know shrinking exports will obviously a think russias economy and drag down with our growth but the person who krueger russia the sponsor of the Global Economy so of course when 2 leading economies in the world have disagreements it definitely has an impact on all the economies and leads to a decline in Economic Activity around the world thats for sure. Piers were thinking of the core american rembrandts president whats russias place in all of this and he very diplomatically reply with a metaphor for russia was a cover monkey looking at this fight from the sidelines to see who wins so if this club or monkey keeps waiting until the point where this is turning into you it generally in conflict watching from the sidelines would no longer be an option russia would have to make it yours with the with. What will it choose to do. We will act single line with our interests like any other country i magine. And our interests are as follows which is huge 1st we need to create an environment that would mitigate the effects of any trade wars or storms or Economic Issues around the world we have an russia. So we need to make sure we can rely on our own capacity if you wish that were the 2nd one. Because when we see that sanctions or restrictions are imposed on certain commodities we should try to come up with proposals of our own offering our products to the countries which is suffer from a less favorable trade climate. I think we need to cultivate closer ties with our chinese partners and thats exactly what were doing. Trade between russia and china is growing last year it reached 100. 00 and theyd 1000000000 us dollars an hour goal is to take it up to 200000000000. 00 it has nothing to do with any restrictions or the trade war between the us and china its because we need to promote our goods trade wars or no trade wars. There is this catch phrase in china is there a key economic partner i think your share of that we do not have generally it would have trade jaran i agree about 100000000000 its a lot of money but what we do simply roll materials while china exports Consumer Products and chinas economy is way more diversified than ours who tell me why our timber and their resources so that is all well and gas and they dont really want to print thing else. All the money china. Russia accounts for only 2 percent which is very little isnt worth that close Economic Cooperation that china everyone is talking about i mean the feeling i get is that we are nothing one rule material colony china and the question is 2 plus 3 say look as a. Musician look. At that its not an entirely accurate depiction of the situation evan though you are absolutely right about the trade structure. The good news is good we have agreed with out chinese partners to ramp up operate in investment man chinese businessmen showed genuine interest in russian projects or infrastructure and industries this year. And there is also the belts and road initiative. Which is not to mention our cooperation in energy from Nuclear Power plant construction. Elm strides. Defense and others but you know this cooperation yields competitive top quality high to goods and services. And that is exactly the kind of cooperation weak specs from our partners are also following the restrictions imposed on chinese hard to come to. Anees such as your way we often are icy products to china man suggested developing 5 g. Networks to give a. Way invited china to take a closer look at what russia has to offer in our chinese partners agreed with. I think we have laid a very good groundwork for cooperation with china and Natural Resources by far not the only area. These are the areas we focused. On with china. When we rattle control talking to london precious 1st deputy Prime Minister and finance minister. Globalisation a period that we had in them all over the be a new globalization period itll be network driven i predict that america will become a Subscription Service like netflix you all subscribe to america and they have to offer you a Value Proposition to keep your subscription alive. To their older birds or their. Mobile phone or if you but so. Far get em every visit you. Just. Come out if youre good. Looking. Good lemonade goofy shit oh my goodness Chris Uhlmann is. God since we. Dont need to learn a new believe. The skill or need. To give the learning. System different in. Run to. As we speak large organized. Are on the march to the. 70 and a player giving. Them a. This is a virtual invasion of our country. And. If you do youre going to be a more. And were back with more on those questions for us deborah Prime Minister and minister of finance. Probably remember we had an interview with. Russia some years ago and then the general asked you was like you know that will manage these sanctions will only help us mobilize ourselves keep was everything is going to be great and it today government officials and more business. Is keep up the same narrative and believe me i am an extremely optimistic person i always keep the past people and are happy to live but generally try to find every part here honestly i cant see any. People who i know personally dont see anything in where we are right now there is no reason to think we have become stronger yet is that there is stagnation do you really think there are still opportunities we can tap into but mostly going. To change being one and a half or even 2 years since we met last time. Indeed we hoped that the sanctions rhetoric would have subsided but its all different now. To die we no longer expect sanctions to be eased or lifted. As i said already 1st and foremost we need to rely only on ourselves. To ask for your feeling of stagnation i cant really agree with you. We have adopted a completely different strategy. We have outlined the socalled National Development goals and set forth a number of National Projects is weve completely changed our governance. In addition to that we havent bought on a number of critical projects. We didnt have proper infrastructure so we set up programs and allocated funds to develop transport and digital infrastructure. Bits and this is what we really need to try to boost Economic Growth. Vis are the reasons why i cannot agree with you that growth has stalled. Quite on the contrary things are moving in. Very fast the wackier would agree people see that. Again. Night dont think youre right saying people can see that. Move 1st this year weve made a number of improvements in health care then our people are provided with a wide range of services which in the end their quality has also gone up. Second. We have started investing it most heavily in transport infrastructure because of. As and only 6 months since the beginning of the year and probably in some places the changes are not yet visible you really do invest a lot. With this year and we will be allocating if you want to point 7 trillion roubles for National Projects while the overall state budgets and i was 18 to 19 trillion. Of that 10 percent of all the money it will be spent on National Projects the story you will see the changes people will certainly notice the improvements in all these areas we have focused on is not the same excel the National Projects should be implemented by that year 2024 so i do realize that if implementing this National Process will improve the quality of life of russian citizens will have greatly here we are hoping for that but every time we journalists there is enough money we have the standard answer which is yes what i dont quite understand is that who are paying for his National Projects who are super and this will it be the government taxpayers or private capital. Government is certainly the main driving force. But we will also tracked private funds was considered the overall the 6 year budget for National Projects. 25. 7 trillion rubles. 13 trillion will come from the state budget both at the federal and regional levels or 3 months to move the rest dres to be covered by private capital. By different fons and foundations including Government Funds the worst of times when the serve both the governments and businesses will be contributing to this youve just been ordered to motivate businesses to invest in new projects were working hard to provide a Better Business climate and to fly as we said russia is now under pressure internationally what can we do to alleviate this pressure we can offer more favorable conditions to domestic investors. One example is the socalled regulatory killion scene that is to come into force in 2021 years and will help get rid of outdated business regulations waste the. Intervention overseas and masters are still strong interest in aggression because it is actually a profitable market and they arent theyre not securing our sanctions already red tape you know what the problems are predictability of the courts and excessive and moment of the worst legions in moores role lack of stability cancerous has already been discussed at length and i would like to refer to the impact that this has made on the overall environment the problem is how the court. How the law was used in dealing with one of our major foreign masters that is not even one hand of interest and the only other there is profound walk of trust there will understand how Risk Assessment works now the question what exactly. Do you really want to believe this new concern added and this procedural investors are. Going on by that. Point certainly much more than what the International Sanctions. Swim so west of the oil agree that investors do have such concerns yes i was against them then i do agree with you that our laws and regulations should perhaps be made more predictable. And lets say more investor friendly. During the recent q. And a session with president putin someone said for that our inspection authorities need to change their optics machine can be used when they come and inspect companies all they do so far is point out violations for the issue fines and collect any tax serious road is that they need to have a different approach to what theyre doing. Should rather be helping businesses for instance by pointing out risks suggesting what needs to be improved. Their mission must change this summer and i think thats what the Business Community expects from us but its not so much about predictability because you know the more sensitive they surpassed a change in the attitudes of the authorities to wards businesses the mission the country. Leaving anything specific to. At the recognizes it including the president and when talks about making things people friends and everyone understand that its a real problem but. Whether he thinks there well were working on a bill requiring or completed soon how this usually takes a year or 2 you can we afford you know the year or 2 just talking about the changes well investors still stunned the prospects of messing with russia lets look at the federal tax this or the federal Customs Service. Both services have dramatically changed the way they handle taxpayer is would this change required about 5 years for the Customs Service and even less just 3 years for the tax service. Heres another point of the you know the number of court trials on tax cases has dropped significantly. Because the tax agency now use the socalled pretrial elites a geisha. Was rather than going to court which is a lengthy and costly process tax inspectors settle their issues with companies by referring them to a supervisory checks agency in and a lot of issues get resolved at that level. I believe that all the supervisory authorities should adjust and rethink the way they operate. When i talk to my colleagues at the federal Customs Service on the tax service i tell them what they should do is warn assist and advise businesses in order to help them fix things in case of errors or violations we have to learn for instance because you know this is. Someone who is in charge of the finances and economy of this enormous country want to have International Investors out there whose robbery concern is with the lower course. We can then we can pursue criminal i believe it is necessary to send Business People to jail straight away not necessarily for financial and economic crimes. What for house arrest would suffice and steps like this would help create a different Business Climate and help build trust with. Your colleagues. Recently mentioned in a president ial commission or. Greed with him that 80 percent of small and medium sized businesses in russia are afraid to do business because they dont trust him and fear they exist in los angeles and system in the country with International Sanctions in place that our economy is not ready under great pressure and in fact the Economic Growth in russia has never been is that since the ninetys so small and medium sized businesses and its development is exactly what our country needs right now it could give our economy that push me so badly to jump started and yet when we have won her hands is the situation where the business is fear their own government why is it still that way cant we give this enterprises what they need to just do their jobs and feel free in their own country but who push the idea of doing things the fear of the Law Enforcement system and by the way the federal tax service is really soft on the danes specs less than one percent of the total number of small and Medium Sized Enterprises in the country also the state runs a massive program in support of small and medium sized businesses but office tax cuts for silly trades access to bank loans gives new Education Opportunities and introduces special tax regimes business we all understand that without the private sector we wont have enough money for our budget we wont get the checks is that are needed to. Provides health care and Education Services for our people ultimately all the money is generated by interpreter as it were so what the government needs to do. To provide a comfortable environment for the private sector and thats exactly what our governments doing well talk about this new years time and one of these reports were talking about now and that youre seeing are being discussed gains in speed in the family some real changes because i think that is what matters though so lets talk about the g. 20 summit and to be honest i mean such events like g 20 are quite formal and only go out real headlines except chitchat about who put in this manner who truck should hands where to where serious decisions and. Well i have to ask you is that you know the Current Situation with lots of steam having accumulated under the lead there is a lot of tension among the leaders themselves and many of them just want things to change anything there can be this summit. Little movement its possible that there wont be any major breakthroughs but i do expect some changes though following a number of bilateral meetings including the meeting between the president s of russia and the united states. Thank you on the thank you very much for your time best to you thank you. For. This hard to take so from somebody if you know have something to replace. Ill be going to this interview at all these markets open that they take me. Off area. So im going to tell you stop selling drugs if well hire somebody put the money in a box. They just feel the way the life has almost been basically mccullers peaceful for us all or. Do you guys know what success means security positions of the us mean that david jacked me again. You see people get all their cars and ill see you coming in the herd and it seems like theyll hurry up and run into the house like they dont want to they dont want to talk to your get your mail or anything like that. Just try reading. Give me. Were going to st peters. Burgher National Economic forum and the topic of our panel is are we witnessing a paradigm shift in the Global Economic order the answer of course is yes its a matter of degree. Good food descriptions sound out the even for the owners so how to choose just pet Food Industry is telling us what to feed our pets really more based on what they want to sell us then whats necessarily good for the patent turns out may not be the best people believe we have animals that have you know diabetes in arthritis they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. Related but really a goal but ultimately. A question about russia interfering in the 2020 us president ial elections he discussed all this control and the volatility in the middle east and ukraine with law there may have been behind closed doors at the g 20 gathering in japan. We have not seen each other lucent still how soon reaching old lou our teams have been working together they gave us a great opportunity to follow up on. One of britains largest Waste Management firms as convicted for attending to send tons of unsorted household rubbish to china wrongly labeled as paper for recycling