that's evident asserting one's interest and the interest of one country over the interests of other countries by. means of pressure sanctions and so on that that is destroying trust and that's why i understand the essence of your question. if we talk about trust today what are we facing i think we're facing and an effort that trust destruction. to my mind it comes mostly from one global power and the only global power. that hasn't given a cell phone the pass of. america first which means that the interest of the united states a coming in first place despite any. any blonds of interest contrary to the. and this is a city of having. trust being rebuilt in a world i said to get in and i think you know we were mentioning the term interests
i mean there's nothing wrong with sovereign countries protecting their national interest it's universal but in this state we have some. they would say your interests are not legitimate basically anything that they are trying to build their relationship i mean in between states are on trust. is a failed exercise. as well as an affair an exercise was to build in the region to do the seeds based on various because there is a change in within states within societies constantly and you couldn't even find the big the base the you could build a relationship upon common interests and balance of power and that is the only foundation for for whatever we can call trust if you understand that your interest coincide. or concur or they're moving in the same directions then you could
work together and working together you could build up or you wish you could. but if there is no solid foundation then we are doomed to fail that has happened exactly i mean twenty years ago when we were talking trust trust trust where one side was i mean push again the other side i mean to the fringe extent i mean political extinction now will have a bad. backlash for for example a few to now and due to that backlash will have a one sided cold war and according to some of the come my calculations of me and my colleagues we are russia plus china and others could win in this cold war we would be good. no because about the balance will be again not stable just because going into a like a new cold war ice war is not with the choice of all parties here and tell me you
want to make a comment by surprise you i would like to focus. we often to believe that or that i think got to stay with us for a while then they shook it when we discovered this song think i said this i fear that preacher trade to see the to be at the end of no but in fact it is an hour of it what are you dick. do you know you there was really meaning to buy a year's fota goods at the counter thought of floats today you were a cop at the discovered that the global economy is a leaning forward to protect you except by us. they us introduced the global of us to only imports over still as a rimini a wired better gaming. out of the south interest we've got your point about free trade here in the me go to john pier because i think it's really important if we look at a greater eurasian. political and economic space obviously trade is going to be
involved in that you think recent events again in iran is the eight hundred pound gorilla sitting in the corner is this sending a very strong message now that the europeans have to start reassert i mean looking towards it amy we it's a truism asia is the center of the future ok because of economic trade because of populations all kinds of things but i mean real political events on the ground now or shouldn't make the european start rethinking their position these would be the atlantic world. to make their living with the previous question and he's went you know it was a trust is a nice thing but it depends we need rules of the game of the rule of the game change we are not in the union or to a word you know russia is. china is there not on you know anything but look back now. impose mazie us and last volley of the sanctions not to be
appreciated to european companies and they sing historical reporting east for europe now. and our partners in europe are always that way that we have the opportunity to stop when there is a sanctions everybody forgets that every six months right iraq a story new sanctions or not under all unanimity jumping on it you know agreed but i. i mean the europeans have not shown a lot of strength let's put it that way ok you look to go back to two thousand and three in the illegal invasion of iraq i mean france and germany were if they didn't back it but in the end they went along with iraq it is this a turning point here because i hear this from europeans all the time but it never nothing changes you know it does but my point of view is that it's very dangerous for europe because if we continue in a disease first we go against our interests which is bad for our companies of
europe and companies are he is about forward population that is about for europe because some countries you know it an easy example we can go out of the segment generally in europe so europe can explode when they look so its public eye seems the president might call as an historic or opportunity you know him to go east way to steer this doc to say stop the constant let me go to you because i think it's really interesting and if we look at a greater eurasia political economic and trade space is this a duplications of western institutions that were put into place after the second world war i think of the i.m.f. bretton woods and these kinds of institutions are there's a there's a interesting literature about the world beyond the west or parallel to the west is this something you would see because there is a hedge a man in the west still knighted states but if we look at the you're asian space would there be a hedge a man would be actually more democratic in
a way go ahead. first of all i would like to cut big to two points i believe so it's a question of confidence and trust is something where we should be i believe white objective. is changed to virtuous change and i believe that would be good coming big to what we have seen is a basis in where we had a strong confidence between. i believe success changed dramatically i believe that it's it does today europe is to take in a very short time frame a major decision about what it stands for our is is a europe of twenty seven is used to europe france germany italy spain it if you will as was or what what will be as a future of europe is easily. question if we can see some parallel ities between what we hear from chieftains in europe and i so argue maceration since this world
and i believe that asia has a huge chains as well to elevate to build up something which is bringing more nations together as in up to now and very interesting developments not so much about give ocracy i believe this is something we should put an aside for surgery i believe if you are looking to a state is speedster says are countries who are developing in a certain sense and you have a parliament bites we are coming from a long story which doesn't allow to to sing into categories of two book ready countries and i believe that we speak in stand with the strong to an additional even menu fracturing could be a very good complementarity for both of the countries and so let's give some time help subsidies. the two develops economies and i believe these will be the
investor money and we're going to alexei because i mean it's interesting you're talking about it is because i think because it sounds very interesting story and very interesting model but when we think of the eurasia space everyone more or less thinks to what degree and i got alexei here this china wheat. china does indeed pretend to be leading since their famous speech by sitting pin in divorce with a key. field to the vikings left by the superpower on the other side of the atlantic but i would like to quickly come back to your question of trust and bring up one fact as an investor and part of the group of my profession with people having our own crystal balls looking into the future having a mortal sin the lies in corporations companies how to preserve wealth and purchasing power for decades ahead investors do not. feel the same price is the new display a new gloom if you look at financial markets bond yields are very low equity
valuations are very high so investors a happy company say investing at record levels banks who are recently aware sort of it don't know as a. profession turning out to center turn on equity on tendency of assets so financial markets are doing well so i frankly think that a lot of this trust crisis is more of a political. phenomenon where politicians use record it's addressing that of the misty mountains as well using the weapon of sanctions as more than rhetorical it's very serious and it's a form of warfare but i think people underestimate a lot ok i mean when you think how many countries in the world are under sanctions by the united states it's extraordinary it's extraordinary.
like for many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super manager. and spending to get to the twenty million and one player. it's an experience like nothing else not to because i want to share what i think from what i know about the beautiful game but great so one more chance for. me it's going to. good food putting people together and i'm sure that the exception of good will come on the field of play but also for the fluid flow of the fisa the nature of friendship to show that able to hold
a nicer vote up. for a world cup twenty eight team coverage we've signed one of the greatest goal people . but there was one more question by the way it's going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure camera you have to the center of the beach. and you'll see all the great. you are the rock at the back nobody gets past you we need you to get down there we have to go. alone as it doesn't work and i'm really happy to join that for the thousand in the in the world cup in russia. the special one come on top of. the radio p.r.t. teams latest edition to make up a bigger. but. i'm
peter lavelle i'm host of parties political discussion program cross talk and we have a very interesting panel here to discuss this issue of trust let me go to fiji period i'm a business so i will give a. point of view it's clear there is no business we don't trust forest which is important in these various units they're easy you use those or asian or isn't it going to be q four as we won't more integration beat you up in business meant more integration refuses why and when i don't use it much i. will tell you it's a very this is seventy percent. in russia seventy per cent in seoul quite well renee seems origin you could make you can see what the president of the foreign direct investment group. that's all ten percent american and the rest.
and china is of the. income of investment it's not a lot because we produce is it means that the european companies produce produce in russia produce in kazakhstan pretty things are you know that we have kompany we manage these complaining is are these companies are against of course the russian was originally going to be two hundred low but we manage them and we have a program we have got to address as a result or it is of the commission of the region economy going on and so so we are here and we don't want to go well if one of his own lot has got it what a way they never read that in the new york times or let me go to the front row here that's completely open up everyone here. thank you peter the discussion so far seems to seem has avoided the theme from atlantic to pacific i just want to reset point yeah i want to pick up on this idea
of a parallel world of business and transactions and i think that's a very valid a deer things have become different from the cold war times we don't have a classic called war we have a confrontation between at the top level between the governments and still a lot of contacts a lot of interaction but of meetings and so on between the societies and that's a quality you feature and it also applies to business because we have a cold war or an appearance of a color but the business still still don't go there is the issue of sanctions which is extremely important and which actually spoils a big distinction of a parallel world which is independent of politics i've been speaking to quite a few people in the european union and at the very top level and i say are you against sanctions or yes we are very much against sanctions so please say to the council of the of the european union say well maybe the italians do that will. well supported them when i talk to the italians they say well if the spanish do that we
will support them i say come to our sons and i say look but tell it please the idea is the sanctions against russia you have to tell your greece you can afford the orthodox unity but that's only vigils that is a group they can't say no and so medical when she decides what to do you know to keep the unity of the european union. this really the lead wonderful renew the sanctions every six months without discussing this issue because it will be yet another issue of discord in the european union but the problem is that you know we are sort of seeing which you keep point and we didn't speak about it you say that the people are if you speak with the top political liberal guys you are right and if you speak to tony write it but some people say what they see belong to them but you know for the business community as a top c.e.o. of the big group what happens if they are subsidiary in the united states they are legs this cannot sign nothing because they are blocked and when the not even can go
again due to new york or washington united states and their company and system blogs and their legal their legal opinion who does really get opinion our american friends don't want to wait or just easier ms block so we have to stop the extract only eighty of the of the law all of us in europe and i an avs are calling to a party if not you are blocked that's no way to read our allies and friends rugs are going to tell you that i point. to sanctions you need more than one country this is their rule of their of the union. but i want to return back to their plans to the pursuing. we have we are all from europe here and does we have to understand that to be to a failed twenty five years ago when we had an opportunity to build a common space but one of the reasons why we failed was because we didn't have
a common theme or common goals and now russia and other countries are proposing us a new common goal. building their way to eurasia space including japan including to eventually indonesia we are having a new opportunity we have to think differently and maybe if we go in that direction together we will build the foundation for trust and not building it of course against chinese because i have been recently to germany i mean we will remember i mean war and some of our june friends i mean let's unite against china are no way i mean let's unite with china. two points to first point is about what you have to say many people in europe have two days of feeling what you bitch ass mentioning said russia is moving east and less committed to your of western european
orientations which would be i believe a shift of paradigm yes and it could be a development which still will be and you'll be in new wake of the stink sion between mr new europe c e.u. and russia and i believe said we must be very careful if we say said we have a common history set we have common values between russia and europe not talking so much about c.e.o. by departments in europe especially i believe said she should be a point which trick us again since a question of trust and of confidence and you know it's for us is especially as coming from her point of view we have so much common dealings between russia and germany history literature says terrible valar be grateful for what you have time for our unification and whatever so we believe said we would not like to keep
this up we would like to be close to russia if a remember klaus a statement on here on the same subject five years ago he would have said oh no russia is a completely european and if you couldn't you wouldn't go east for think this now you already ambivalent about that whether i mean klaus in five years and then we were you'll say that let's go together. because you are extremely wise yanks removed the far reaching view of through thirty to go one of the few three germans i know saying that will happen and sergei we know each as an hour since most in twenty five years and i and i believe relieved. what i wanted to say is said we want we must have in europe together with russia a very clear strategic arrian taisha know where to go and i believe see this is even more important after see iran decision of the united. believe where we have to
lurk and where should we should have as well a new basis of confidence and we should we should bring out says doubts which we have actually about a strategy of russia very important whether. europe will pass the test of iran because everybody says let's keep the deal now america has agreed that european companies will leave iran mostly and the european union will not compensate around the losses you know if europe is dragged into the u.s. sanctions against iran against its own will then the test will not be passed. i think into an additional officers actually like they write i would say to my german friend of the week we can ask. friends we went to be sure if you go if you want to go more east and west we do everything to put them in the arms of china i knew we are lucky that they are not completely in season and of china because right on the best four million year. europe when.
the un very ridiculous the us is very easy you know it's the biggest market is the world so for a company is very many around them in the u.s. if there is sanctions when i go when i close everybody across the river to cross us of course not us as a but you see have to weigh your interests if there are more trade more investment in your own but you're going to go more in the u.s. so it's very easy let's go to the front row here. well i think so far you know during this very lively discussion and debate i just want to make the following point. first of all i think there are. china russia economically quite complementary. has a surplus of capacity in beauty infrastructure maybe well over doing that in china but he's good at doing that. aetiology aside i think china sees
that at the precondition for economic development secondly china is taking. protection now extremely seriously again because we're overlook that for so many years we are paying the price so russia has competitive advantage of that front. i think. is extremely important i don't want to d. and present that but i think central asian hisself won't move the needle when you look at pacific when you look at europe so economically i do see the rationale for china russia and germany not to form a lines but to create more synergy economically this is the chinese leaders perspective precisely because these two french gentleman have been
arguing against each other chinese leaders nothing they only take germany seriously europe hate to see this. germany has a strong interest where a strong interest say to gauge you to drag you through history you do a lot of carling's said we should come back to a leadership role in europe. russia back in a western orientation we have no interest at all said russia is moving east this is not in our interest but you has it's not have not shows that you have to choose. we had to make absolute matters aujali lactation ukrainian. life is not black and white i believe we'll i think there's a man in the white house yes well yes but for a white charlie but i believe said we have to make sure said we are doing a lot of efforts as europeans is specially scenes. united states irrelevant
said we are doing everything to bring suspension stone and show you know is my opinion about it because to arizona i think the litmus test is going to be your energy policy vs you know what europe's energy is how she's been made in washington d.c. right now yes and. to make that relish as well since it's not black and white you will see said we will find a solution for. not straight to into next couple of weeks i did knowing sets american serial here guys you hear and knowing say that's what americans will not lie gate and said save you will certainly look for us or ways and means to bring make between suit knighted states. and you so i believe c.c. says what we have to be aware of but i'm sure said that we have as well as germans are very strongly looking to see united states said we sees it say something
changing if it comes to see over all let me say excellent relationship which we always had between germany europe and the united states iran is a critical point yeah a very critical point and see if you said the united states would take the addition decision against not without but against a european very clear orientation real be sweet somehow far cynic's foreseeable future all right we've run out of time i hope you've enjoyed our panel here from the atlantic to the pacific creating a space for trust here at the st petersburg international economic forum thank you for being. sick.
was. was. going on in terms only and some of the incidentals on the job and. to move on to a full deal with a single bound on a song that equals on its own two thousand only consistency make that connection don't assume cause i don't need a new cylinder we'll move it up to those on putting in a solution soon toss out acid all the searching on. the legacy of coal guys are the winners the legacy oil guys are the winners the
legacy all central bankers are the winners innovation you dynamism the constitution the bill of rights these are the losers in this america. elliston is getting international recognition with the help of israel at least in the world of zoos i'm in billfish dismissed it looking like an elite this is my complicity is something going out to study hall meeting to. kill john no doubt a tough job or they should the only palestinians who gets the most hopeful is jerusalem counterparts i don't think there is some of those who in the world and those who question could not only could give us a. i know it is unfair advantage to have this lady in the muscle that you had i know you continue muslims you do more commitments also because of.
the last. shot. donald trump and kim jong un are in singapore for any historic summit it will be the first ever meeting between a u.s. president and a north korean leader. as teams from around the world arrive for the fifa world cup some news outlets continue to push the stereotypes about russian football to australian filmmakers came here to find some book and.
build a good living and they're on the fence. and a nine year old girl goes into rehab for her addiction to an online game after her parents found it distressing changes in her behavior. and a psychologist tackle the issue. and i think computer games have been around for a long long hours so i losing a little bit of sight as to what's real and what's maybe. hard broadcasting live direct for our studios moscow this is our team internationally on this really glad to have you with us. in about an hour from now .