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    Russian Economy General News: #1

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    TheArmenian
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    Re: Russian Economy General News: #1

    Post  TheArmenian on Wed Jan 30, 2013 12:04 pm

    Viktor wrote:Kudrin sounds like a one of apocalypse horseman.

    I hope Russia will do better this year specially with industry sector.

    Kudrin was conservative when he was the finance minister. He turned to a pessimist after he was sacked.

    All sectors of Russia's economy should grow this year. The one sector that is supposed to grow the most (compared to 2012) should be agriculture because of the draught that hit that sector very hard last year.

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    Re: Russian Economy General News: #1

    Post  Viktor on Wed Jan 30, 2013 12:19 pm

    Still I think Russia industry is only about to heat up as modernization program is beginning to show results.

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    Re: Russian Economy General News: #1

    Post  Sujoy on Wed Jan 30, 2013 5:47 pm

    Russia has hired US banking giant Goldman Sachs in a $500,000 deal to polish the image of the country’s investment potential abroad and lure foreign cash, Deputy Economics Minister Sergei Belyakov said this week.

    Under a memorandum signed with the Economic Development Ministry and the Russian Direct Investment Fund, Goldman Sachs will promote Russia’s contacts with international rating agencies, help organize roadshows, and bring together Russian officials with investors to improve the perception abroad of Russia's investment climate.

    Source : RIA Novosti

    Austin
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    Re: Russian Economy General News: #1

    Post  Austin on Thu Jan 31, 2013 1:11 pm

    Russian economy to grow steadily until 2030

    The Russian economy will grow steadily until 2030 but at a rate of no more than 4 percent a year, according to a long-term forecast of socioeconomic development up to 2030 presented by the Ministry of Economic Development on Wednesday, January 30.

    It said such growth could be possible under an innovation scenario, according to which the growth will be stable and will decrease from 4 percent (before 2015) to 3.8 percent by 2026-2030, while investments will go down gradually from 7.3 percent to 4.8 percent by 2025-2030.

    The scenario calls for a greater role of investment in generating economic growth and strengthening Russia’s positions in the world economy. It is based on the creation of modern transport infrastructure and a competitive sector of high-tech production and knowledge economy along with modernisation of the energy and resource sectors.

    According to the scenario, innovations will have to be turned into a leading source of economic growth and increasing the efficiency of human resources in 2020-2022 in order to improve social parameters of development.

    Private and public expenditures in the field of healthcare will grow from 4.6 percent of GDP in 2020 to 7.1 percent of GDP in 2030, in education from 5.2 percent to 7 percent of GDP, respectively.

    The average annual rate of economic growth in Russia is projected at 4.1 percent in 2013-2030, excluding possible global economic crises.


    The scenario is based on a moderate growth of prices of oil and other mineral resources of about 1 percent in real terms in 2016-2018. The price of Urals blend will be 116 U.S. dollars per barrel in 2020 and 164 U.S. dollars in 2030. In 2013-2030, oil will cost 90-110 U.S. dollars per barrel in real terms in prices of 2010.

    The price of natural gas exported to foreign countries is projected at 340 U.S. dollars per 1,000 cubic metres in real terms, which is higher than in 2010-2011.

    The Russian economy will be able to reach and exceed the growth rate of 5 percent declared by Prime Minister Dmitry Medvedev only after 2016, provided Russia chooses an accelerated development scenario and softens the budget rule.

    This scenario calls for implementing the tasks set by the president in his decrees in May 2012 to create and upgrade 25 million highly productive jobs by 2020, increase investments by at least 25 percent of GDP by 2015 and to 27 percent by 2018, increase the share of high-tech products made in high-tech and science-intensive sectors 1.3 times by 2018, boost labour productivity 1.5 times and raise real wages 1.6-1.7 times by 2018.

    The average annual GDP growth rate under this scenario should increase to 5.4 percent and Russia’s share in the world economy will grow to 5.3 percent by 2030.

    The ministry also prepared a conservative scenario with a moderate growth rate of no more than 3.2 percent based on intensive modernisation of the fuel and energy and resource sectors, with a relative delay in civilian high-tech and medium-tech sector.Under this scenario, the economy will decline from 3.7 percent a year until 2015 to 2.5 percent by 2026-2030, while investments from 7 percent to 3.6 percent, respectively.

    The Russian economy will only double by 2030 while the share of real disposable income of the population in the global GDP will decrease from 3.8 percent in 2012 to 3.6 percent in 2030.

    The ministry believes that by 2030 Russia will reach a level of economic development that matches that of a leading world power of the 21st century. By that time, the Russian economy will come close to the front edge of global technological development and the quality of life in Russia will exceed the average level in OECD countries.

    These results will be achieved by creating a globally competitive institutional environment that stimulates entrepreneurial activities and by attracting capital into the economy.

    This will require Russia to improve the business environment and investment climate, improve public governance in the economy, create an international financial centre that will provide the private sector with necessary resources, and form the Eurasian Economic Union in the post-Soviet region.

    By 2030, the public sector will shrink considerably in the economy, the majority of state-owned corporations will be liquidated, and state property will be privatised.


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    Re: Russian Economy General News: #1

    Post  Sujoy on Fri Feb 01, 2013 4:26 pm

    I personally don't think that hiring Goldman Sachs as the advisor is a step in the right direction for Russia because back in 1992 it was Goldman Sachs that had been appointed to attract investment into Russia and plant the seeds of capitalism . Instead of providing advice Goldman Sachs along with what is now known as the Washington consensus started running Russia . Think about it, if the reforms had continued as per the suggestions of Goldman Sachs there would be no MiG or Sukhoi today.

    Goldman Sachs need to be kicked out of Russia ASAP.

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    Re: Russian Economy General News: #1

    Post  Austin on Fri Feb 01, 2013 5:43 pm

    Goldman Sachs can provide advise and do road shows to attract investement back in 1992 and consqeuntly faled reforms was mainly due to pro-west Russian leadership in Boris Yelsten who staked Russian interest to get closer to west only to be shown later by west that his decision was wrong.

    Goldman Sachs are just PR firms they can project what Russia strong points are and powder it , in the end the reforms and invester friendly atmosphere should come from within Russia and its political leadership.

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    Re: Russian Economy General News: #1

    Post  Austin on Fri Feb 01, 2013 5:59 pm

    Rosneft signs contract

    Russia’s Rosneft Company has signed a long-term contract for the supplies of oil to Poland through the “Druzhba” (Friendship) oil pipeline. In compliance with this contract within the three years PKN Orlen will buy oil from Russia to the tune of 15 billion dollars, Russia’s biggest oil company says.

    The total sum of this contract has been set in the present-day prices. The annual volume of supplies will reach 6 billion tons of oil, and the total volume – 18 million tons. The buyer is Poland’s company PKN Orlen, the owner of the plant in Plotsk.

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    Re: Russian Economy General News: #1

    Post  Austin on Fri Feb 01, 2013 6:49 pm

    The world is in a state of financial war' - Russian presidential advisor

    Vedomosti reports that Sergey Glaziev, the economic mastermind behind the Eurasian Union, sent an official report to Kremlin, stating the necessity of a radical revamp of Russia’s economic policy in the wake of the second wave of global economic crisis. “Unknown sources” have provided the media with the contents of this highly controversial document, igniting a fierce debate in the press and blogosphere.

    Glaziev’s report features apocalyptic predictions in regard to the state of the world economy but the most interesting part of the text refers to the so-called “currency wars”. Basically, one of the most influential advisors of the Russian president accuses both the US and EU of “legalized aggression” through unbridled monetary emission. Vedomosti cites several fragments from the report, “As a key point of their anti-crisis policy, they are refinancing their banks using negative real interest rates” and meanwhile “1.5 trillion dollars, 1.2 trillion euros and comparable amounts of yen and pounds are used to finance debt pyramids and acquire real assets across the world”. Western banks are accused of blocking their debtors in “debt traps”, with the ultimate goal of “obtaining political control” and “seizing the real assets” of the debtors.

    Sergey Glaziev considers that such a policy is actually a form of legalized aggression and that the world is in a state of financial war. According to the conclusions of this report Russia “cannot win this war” without some major changes in its own economic strategy. Vedomosti reports that Vladimir Putin assembled a crack team of experts from Russian Academy of Science with a mission to create a brand new economic policy. Glaziev is reported to be the team’s liaison in the president’s administration, while the team itself is led by Alexander Nekipelov, a member of Rosneft’s board of directors.

    According to the preliminary conclusions of this team, a radical revamp of Russia’s economic policy could lead to spectacular results. Glaziev’s report indicates the following key elements required for sustainable growth: radical increase of the savings rate, investment in breakthrough technologies (up to 4% of the GDP), and creation of a strong and self-sufficient banking system. Although the nation’s economy is considered a top priority, national problems cannot be solved without mitigating some of the global risks. According to the Russian media, the report contains a warning regarding the risks of a global military conflict, “The conservation logic of the current financial and political system leads to a further escalation of military and political tensions, including the start of major war”. There are solutions mentioned which serve as recommendations to avoid this outcome. A reform of the global financial system, spearheaded by Russia, is reported to be one of those solutions. It remains to be seen whether this initiative will gain support from other developing countries.

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    Re: Russian Economy General News: #1

    Post  Austin on Sun Feb 03, 2013 9:15 am

    Russia faces five years of modernisation

    This week Russian Prime Minister Dmitry Medvedev has submitted the government’s strategic plans for the period of up to 2018 when the next presidential election is due. Russian President Vladimir Putin was the chairman of the extended cabinet session.

    The prime minister made a detailed report in which he specified the key directions of the country’s development in the post-crisis period. Emphasis will be laid on modernizing the social sphere and the infrastructure, technological overhauling, updating the business environment and improving the state management system.

    Dmitry Medvedev believes that a drastic change in the social and economic situation in Russia would only be possible if the economy grows by at least 5% a year. Meanwhile, at present the growth rate is only 2%, so the government would have to work in a difficult situation. Vladimir Putin announced that a return to the pre-crisis model was out of the question.

    The president is convinced that Russia should not go with the stream adjusting to the development trends of the world financial and economic system. Russia should take an active part in determining priorities, especially because it enjoys fundamental advantages for investment and a more important role in global processes.

    “Russia has one of the most capacious markets in Europe and even in the world. Here we should also add the potential of the Customs Union and the common economic space. We have natural resources, a basic infrastructure and a high general education level of our citizens. According to experts, Russia is one of five countries potentially attractive for investment. Our aim is to turn this potential into real investment and create new manufacturing and new jobs.

    Vladimir Putin pointed out that for many years the growing consumption in the US and Europe was the motive power for the world economy but now this mechanism is malfunctioning. So as to whip up the demand, developed economies burdened with debts are employing standard methods that they used to criticize. One of them is printing banknotes. The consequences of this policy are unpredictable. Against this ambiguous background, Russia should raise its competitiveness and its citizens’ social security.

    To achieve this aim, the president believes, the Russian economy should develop much faster than the rest of the world. Mechanisms for boosting the development are creating millions of new jobs, fighting corruption, implementing large infrastructural projects, raising the population’s incomes and expenses, as well as raising labour productivity. It is also important to take advantage of the WTO membership. We should also remember about consolidating democratic and public institutions, as well as law enforcement.

    Prime Minister Dmitry Medvedev, in turn, announced that the government’s main task was to raise people’s living standards and create conditions for people’s personal fulfilment. The government has managed to keep people’s incomes intact and to reach a steady growth of the GDP. This trend should be developed.

    “We should consider both the real state of events and the global trends that have taken shape in the world economy and finances, so as to be able to adequately respond to their challenges. I mean setting up a new technological basis for further growth in a situation when non-material factors, such as education, science and health protection, are gaining in importance. The demand for our traditional articles of export is falling, so we should think about the future. The budding post-crisis improvement is unstable and general uncertainty remains. For this reason the next five years are of paramount importance. This would be the time for the post-crisis world to take new shapes and new technological and social alliances to be established.”

    The prime minister pointed out that the potential of the model of the Russian economy focused on exports of raw materials has run dry. Medvedev described the growth points for the next five years, such as creating a favourable business environment, integrating into the Eurasian, European and Pacific markets, as well as a global technological overhaul.

    “This is all today’s reality. We should create adequate conditions for innovations with the help of taxation and budget reforms, customs and anti-monopoly regulations. We’ll be able to provide the necessary growth rate of the economy only on the basis of mass introduction of advanced technologies.”

    Some other important tasks are raising the effectiveness of the management system, preserving the traditional industrial potential and competitiveness of agriculture with the aim of Russia regaining the role of one of the world’s leading agricultural states. Special emphasis will be laid on building a modern infrastructure, such as roads, ports, air communications, the Internet and energy networks. The state would assist Russian citizens in solving their housing problems and modernizing the social sphere. In particular, the parliament is planned to adopt all laws associated with the drawn-out pension reform this autumn.

    First Deputy Prime Minister Igor Shuvalov expects hard work for the government in the next five years.

    “We should be brave and disciplined to put all the ideas into practice and prove to people and ourselves that we are capable of carrying out such ambitious plans.”

    In his report Dmitry Medvedev promised that the work of the government would comply with the president’s decrees signed straight after his inauguration and the president’s message to the Federal Assembly. Medvedev did not rule out that the government would sometimes have to take painful steps but the main task is to transform present-day challenges into sources of the country’s stable development.

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    Re: Russian Economy General News: #1

    Post  Austin on Sun Feb 03, 2013 6:37 pm

    Its updated and makes a good read

    Nuclear Power in Russia


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    Re: Russian Economy General News: #1

    Post  Viktor on Tue Feb 12, 2013 2:26 pm

    Nice Very Happy

    Putin Submits Foreign Accounts Ban Bill


    MOSCOW, February 12 (RIA Novosti) – President Vladimir Putin has submitted a draft bill to the State Duma prohibiting Russian officials from holding bank accounts abroad or owning foreign-issued shares and bonds, according to information posted on the Duma’s website.
    "This ban applies to persons who hold government positions in Russia, the Prosecutor General's first and other deputies, members of the Central Bank's board of directors, government officials in the regions, federal civil servants and officials at state-run corporations, foundations and other organizations established under federal law, who can only be appointed or dismissed from their posts by decision of the President, the Government or the Prosecutor General of Russia," the president's bill says.
    Putin and the government have had their sights on apparatchiks' foreign assets for some time, as part of the wider effort to stamp out Russia's rampant corruption.
    Speaking to the Parliamentary Assembly in December last year, Putin said: "if a person has chosen state service, he should be ready to be devoted to it exclusively, and to be subject to control from society, and to meet special requirements, as is accepted in practically all nations of the world. How can there be trust in a politician or bureaucrat who speaks loudly about Russia but tries to send all his wealth overseas? So I ask you to support this draft bill to limit the rights of bureaucrats and politicians to have foreign accounts, shares and bonds."
    Meanwhile, the Duma is currently preparing for a second reading of a similar bill which would ban government officials and military personnel, and also their spouses and underage children from owning real estate abroad, holding accounts with foreign banks outside Russia or owning foreign issued stocks and bonds, including foreign government securities.
    The president’s draft bill will ensure Russian officials are not subject to foreign influence, said Alexander Torshin, first vice-speaker of the Federation Council, the upper house of Russia’s parliament.
    All these measures are aimed at ensuring the country’s sovereignty: officials making decisions on the country’s state security must be free of the possibility of being influenced from abroad,” Torshin said.
    If such foreign bank accounts are found, options for dealing with them could include sequestrating them or freezing them, he said.
    The president's bill stipulates Russian officials will be given three months “either to rid themselves of accounts abroad or rid the state of themselves,” Torshin said.
    Another positive effect of the measure would be that such account holders would keep more funds in Russian banks and consequently support the Russian banking system and the domestic economy, he said.
    It was not immediately clear whether Putin's bill would replace the Duma's earlier bill, or be integrated with it, or would replace it.
    Russia’s Communist Party leader Gennady Zyuganov said the Communists, Russia's main opposition party, would support the president’s bill.
    “We have long insisted that anti-corruption measures should be energetic, more decisive and principled,” Zyuganov said.

    LINK

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    Re: Russian Economy General News: #1

    Post  flamming_python on Tue Feb 12, 2013 8:13 pm

    Viktor wrote:Nice Very Happy

    Putin Submits Foreign Accounts Ban Bill


    MOSCOW, February 12 (RIA Novosti) – President Vladimir Putin has submitted a draft bill to the State Duma prohibiting Russian officials from holding bank accounts abroad or owning foreign-issued shares and bonds, according to information posted on the Duma’s website.
    "This ban applies to persons who hold government positions in Russia, the Prosecutor General's first and other deputies, members of the Central Bank's board of directors, government officials in the regions, federal civil servants and officials at state-run corporations, foundations and other organizations established under federal law, who can only be appointed or dismissed from their posts by decision of the President, the Government or the Prosecutor General of Russia," the president's bill says.
    Putin and the government have had their sights on apparatchiks' foreign assets for some time, as part of the wider effort to stamp out Russia's rampant corruption.
    Speaking to the Parliamentary Assembly in December last year, Putin said: "if a person has chosen state service, he should be ready to be devoted to it exclusively, and to be subject to control from society, and to meet special requirements, as is accepted in practically all nations of the world. How can there be trust in a politician or bureaucrat who speaks loudly about Russia but tries to send all his wealth overseas? So I ask you to support this draft bill to limit the rights of bureaucrats and politicians to have foreign accounts, shares and bonds."
    Meanwhile, the Duma is currently preparing for a second reading of a similar bill which would ban government officials and military personnel, and also their spouses and underage children from owning real estate abroad, holding accounts with foreign banks outside Russia or owning foreign issued stocks and bonds, including foreign government securities.
    The president’s draft bill will ensure Russian officials are not subject to foreign influence, said Alexander Torshin, first vice-speaker of the Federation Council, the upper house of Russia’s parliament.
    All these measures are aimed at ensuring the country’s sovereignty: officials making decisions on the country’s state security must be free of the possibility of being influenced from abroad,” Torshin said.
    If such foreign bank accounts are found, options for dealing with them could include sequestrating them or freezing them, he said.
    The president's bill stipulates Russian officials will be given three months “either to rid themselves of accounts abroad or rid the state of themselves,” Torshin said.
    Another positive effect of the measure would be that such account holders would keep more funds in Russian banks and consequently support the Russian banking system and the domestic economy, he said.
    It was not immediately clear whether Putin's bill would replace the Duma's earlier bill, or be integrated with it, or would replace it.
    Russia’s Communist Party leader Gennady Zyuganov said the Communists, Russia's main opposition party, would support the president’s bill.
    “We have long insisted that anti-corruption measures should be energetic, more decisive and principled,” Zyuganov said.

    LINK

    Putin is a good, patriotic Russian man; he keeps his dozens of billions in domestic accounts instead Very Happy

    GarryB
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    Re: Russian Economy General News: #1

    Post  GarryB on Tue Feb 12, 2013 11:33 pm

    Compared with those poverty striken US presidents that have to eek out an existence on food stamps after they retire from office... Laughing Rolling Eyes



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    Could the Russian economy withstand a U.S. default?

    Post  nemrod on Sun Feb 17, 2013 1:43 pm



    http://rbth.ru/opinion/2013/02/04/could_the_russian_economy_withstand_a_us_default_22471.html

    As I've already said, no pragmatic responsible in the world, can nowadays trust in US econmony.
    It is obvious for many high responsible that US is going to bankrupcy. Hence all their barbaric war machine that slaughtered millions of civils in the world since 1942, is going to be reduced significantly.
    Is Russia ready to retrieve its place, that was lost since 1991 ? Is Russia ready to retrieve its lost territories since 1991 ? Is Russia ready to help Serbia to retrieve Kossovo ?

    Let's hope Russia is ready to take its responsabilities.


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    Re: Russian Economy General News: #1

    Post  TR1 on Sun Feb 17, 2013 9:48 pm

    What lost territories?
    Are you seriously implying Russia needs to, wants to, or should take back all the former Soviet republics?

    Thats ridiculous and a terrible idea.

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    Re: Russian Economy General News: #1

    Post  nemrod on Sun Feb 17, 2013 10:53 pm

    TR1 wrote:What lost territories?
    Are you seriously implying Russia needs to, wants to, or should take back all the former Soviet republics?

    Thats ridiculous and a terrible idea.
    I mean Lettonia, Estonia, Lithuania -nato bases-, Tadjiskistan, Uzbekistan, Kazaksthan, most of Ukrainya, Moldovia, Azerbaijan. If Russia, doest not take them, another take them for Russia, actually there is USA, as America is on decline, the rise of China is a potential menace too.
    In this world, this is the jungle law, if you don't take care, you will lose all. This is a lesson from the Human'rights spin doctors.
    Moreover, do not forget that in these false independant countries, you can meet many russians minorities, if not 40% of population.


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    Re: Russian Economy General News: #1

    Post  GarryB on Mon Feb 18, 2013 8:37 am

    It would be good for Russia to get along with its neigbours, but there is no need for Russia to start absorbing countries to become some big committee driven union like the EU.

    Little or weakening countries look to unions for strength... for example most of the US states on their own would be pretty pointless, but as a collective they become a super power.

    The EU with its recent absorption of former eastern europe and former soviet states is more a case of former colonial powers trying to remain important in the modern world.

    Russia does not need the baggage of having to drag the baltic states or its other former soviet compatriots into the 21st C and even then those countries don't want that either.

    As long as Russia has a nuclear deterrent then the US and China are impotent against them... spending more money to subsidise or buy or force Russias neighbours to somehow become a Soviet Union 2 is just a waste of resources.

    The best thing Russia can do is try to maintain cordial relations with all its neighbours where possible and concentrate on moving itself forward.


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    Re: Russian Economy General News: #1

    Post  flamming_python on Mon Feb 18, 2013 9:48 am

    No need to 'take them back'.
    I like the current project of an economical union - that ought to bring some development and stability to Russia's neighbours and boost Russia's own economy and trade influence.
    A military alliance with Central Asian countries will help keep Islamists at bay, while one with Belarus and perhaps other countries will help keep NATO further from Russian borders, and make Russia less vulnerable to covert propaganda activities.
    But a new USSR entity is unrealistic and not particularly necessary.

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    Re: Russian Economy General News: #1

    Post  nemrod on Mon Feb 18, 2013 2:01 pm

    The problem in this world, it is not composed by innocent angels.
    Even U want to be pacific, be sure that another wants to eat you.
    Then Independant ? Let's see what independant mean.
    If U take for example Tadjiskistan state. What's happened in its so called independance, extremist islamists dived the country in apocaliptic civil war, helped by certain gulf countries, and obviously ....CIA. In what goal ? The purpose was after to negociate a significant US military basis.
    Fortunetly in that time russian direction took the needfull decisions, they sent russian army to help Tadjiskistan to come back to civil peace.
    Some other countries, with the help of USA, predicted to set up US nuclear weaponries.

    There is no secret, in its book, Brezsinki, "(The Choice : global domination or global leadership" wished to cut Russia, into little countries, and destroy what it stay from the christian Orthodox's world -see what's happenned with Chechenya, and Serb's province Kossovo-.

    Moreover, recently, when president's Honduras Zelaya decided to lead a politik more independant, the CIA made a simple "coup d'etat". Till now, I've seen no human rights loudmouth crying.
    Honduras's case was forgotten, as Iraq, as many. In fact, no Iam not naive.


    And U Guys are U still conviced by the so-called human's rights slogans ?

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    Re: Russian Economy General News: #1

    Post  GarryB on Tue Feb 19, 2013 10:25 am

    Russia does not need to become the US to survive.

    More to the point it should not become like the US to survive.

    The US will not remain dominant forever, but equally I don't think it is on the verge of collapse either... it basically controls the international monetary system so by definition it can't collapse... simply if it did collapse then something new would have to take its place and no other country has the military power or economic power to dictate what the new system would be... except the US and her western allies.

    Remember the golden rule... those with the gold... rule.


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    Re: Russian Economy General News: #1

    Post  Werewolf on Tue Feb 19, 2013 3:26 pm

    GarryB wrote:simply if it did collapse then something new would have to take its place and no other country has the military power or economic power to dictate what the new system would be... except the US and her western allies.


    Everything can collapse the economy is just one card of the deck, when people would more educated and not believe every obvious lie they got told over and over again they would ask more uncomfortable questions,they would do more about their insane government and it would be in first place not here at this madness point where it is when people wouldn't be held stupid by their government,because an uneducate person don't ask questions.

    Also i think it is good when we don't have a global bully when the USA will colapse and the question is not about, if or not, it will and that is a good thing.

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    russian economy 3

    Post  GarryB on Tue Feb 19, 2013 10:47 pm

    Another aspect we are ignoring is that China owns a lot of US debt so a US default would cost China a lot of their new found wealth. Russia trades with a lot of countries and has rather fewer ties to the US economy than most, though there are still links I think it would effect Russia less than you seem to think.


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    gaurav
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    Re: Russian Economy General News: #1

    Post  gaurav on Sat Apr 06, 2013 4:52 pm

    Russia needs human resources and people to drive its economy.
    They are in need people who can develop unique russian science away from
    the English language dominated American science.

    THEY ARE IN NEED OF experienced people (middle age with Russian ethnic) who can participate and
    be recruited in Russian industry.

    They either have 19 year olds or 60 plus years old throughout the spectrum of their defense industry ..
    This was reported in recent defence industry report.


    Russia needs to change that demographics in Civil as well as defense industry quickly..

    Russian is ofcourse very rich nation just because of its exported raw materials.

    Russia has been exporting GAS at sky high prices for almost 10-15 years now..

    Kremlin never thought that they would have 30percent wealth in all the worlds

    tax heavens
    from cyprus , virginia ,cayman islands,mauritius etc by 2013.. vow thats great..

    Other countries are almost stricken with poverty while Russia continues to

    fill coffers of Kremlin and also tax-heavens.. great Job by Putin maann.. great job by Putin.. Twisted Evil


    They are driving their economy it seems without participation of society/people.

    Austin
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    Re: Russian Economy General News: #1

    Post  Austin on Sat Apr 06, 2013 5:20 pm

    Human Problem can some what be alleviated by encouraging skilled worker from CIS country and then from around the world , that is what US does to over come its problem with people resource.

    It seems Russia does not encourage from people around the world to come and work but only from CIS countries. That should change.

    Even if Russia is rich with natural resource , its stupid to rely on it , right now Russia 50 % budget comes from Oil/Gas but the plan is to reduce it to half the amount.

    Relying too much on Oil/Gas can be harmful as it was shown in 2008 when Economy went into negitive growth.

    gaurav
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    Re: Russian Economy General News: #1

    Post  gaurav on Sat Apr 06, 2013 5:31 pm

    Man this cyprus (offshore tax heaven)problem was amazing it reminded of 2017 Russian revolution.
    The E.U took 40billion dollar of Russian business wealth.

    Austin wrote:and then from around the world , that is what US does to over come
    its problem with people resource.
    U.S population has crossed 400 Million with age factor deeply towards younger age.
    200Million people below 35 ,That is explosive ECON STRENGTH (deep English+technical skills).
    I dont know the exact statistics though.The recent U.S statistscs do not reveal
    the age demographics due to obvious reasons.

    The American white is just around 100Million of 400 million , Man .. that is way too much import of skilled labour.
    U.S has become a gigantic economic machine of Skilledlabour.

    No wonder every kind of VISA is being impounded by U.S customs these days.
    There conditions are going stricter to strciter these days with the upcoming melt down
    (republican generated sequestration and job cuts).

    Even if Russia is rich with natural resource , its stupid to rely on it

    I call it.. To the point.


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