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    Russian Economy General News: #2

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    Austin
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    Russian Economy General News: #2

    Post  Austin on Wed Jan 29, 2014 4:19 pm

    Several countries have issued their assets in rubles. Accordingly, the ruble is becoming a reserve currency and a more modern sense - as the currency in which the assets are denominated in other countries ",



    Which are these countries who have issues their assets in rubles ?

    TR1
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    Re: Russian Economy General News: #2

    Post  TR1 on Mon Feb 10, 2014 11:18 pm

    Yes agreed- though with one tidbit.

    Russia brought the gay-hate down on itself with its absolutely unnecessary and laughable pointless law.
    Typical activism by our otherwise useless Duma. That bad PR was totally avoidable.
    But yeah bringing up gays on a completely unrelated article is annoying. You'd think Putin is involved in the personal affairs of every Russian and every detail of Russian life, and that gays are being crucified en masse on the sidewalks of Novii Arbat.

    As for the legions of idiots, I have read and argued so many times on topics like "Russian tanks blow up unlike Western tanks!" or "teh F-16 was better than the MiG-29 always in BVR (yes, the ability it did not have for years)" that I automatically filter the BS. The internet is a chance for ignoramuses to spew self validating nonsense. It is a circle jerk of cluelessness.
    By this point I know what posters are interesting, otherwise I could care less what nonsense about the T-50 is posted on an Indian forum or what F-16.net thinks of the Su-34.

    The masses are gonna be full of crap no matter what.
    On the other side of the coin I've heard so many dumb Russian jokes about Obama showing what a black president is like.....I wonder where the hell the country is going.

    Werewolf
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    Re: Russian Economy General News: #2

    Post  Werewolf on Tue Feb 11, 2014 3:38 am

    The most annoying thing that gives me the complete hopelessness for humanity and its future, is that people get evidences that Western medias lie right into their faces and they even admit it but are still stupid and stubborn enough to still follow the direction of their propaganda.

    Conversations goes with lot of people like that.

    "US told Iraq had WMD's to play american citizen for fools and justify an invasion and now they do that with Syria and Iran"

    "I know.....but Assad is massmurdering his entire population, we still have to get in"

    "Israel has illegal WMD's since decades but Iran has none reported by IAEA. So why invade Iran but not Israel?"

    "Because they want to "Wipe Israel from the Map" that is what Achmadinajad said"

    "That was an intented misstranslation to damage Iranians image and envile them as "Anti-semites""


    Another discussion was with an american, the average and astounishing level of hypocrisy,stupidity and very nature of todays americans and their thaught "Exceptionalism".

    So i asked a guy why is he voting for Obama, he replied that Romney was a warmonger. I said yes i know, but Obama is the same shit just in different wrap, so why you don't vote for someone like Ron Paul who tries to help US.

    He answered "Ron Paul is to old and to "peaceful" Americans wouldn't feel anymore like americans and proud if we had him as president."

    The very nature of americans and their thaughts about their own exceptionalism.

    They never had a war, they have no idea what war is that is why even the average retard wants War.

    calripson
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    American media

    Post  calripson on Tue Feb 11, 2014 3:58 am

    The "free press" is a founding American myth. All press is someone's narrative and by definition not objective. In the case of the modern corporate media, there is at least a 60 year history of CIA and US government direct influence and management of US media dating back to the late 1940s. Every single major media source in America has some type of government "liason". The US government maintains offices devoted to informational warfare and propaganda. This is no secret. A modern evolution of this has been private contractors tasked with manipulating social media and acting as "cognitive intrusion agents" to influence public opinion. A US journalist faces decades in prison for investigating this fact:
    http://original.antiwar.com/justin/2014/02/04/free-barrett-brown/


    GarryB
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    Re: Russian Economy General News: #2

    Post  GarryB on Tue Feb 11, 2014 7:52 am

    The most annoying thing that gives me the complete hopelessness for humanity and its future, is that people get evidences that Western medias lie right into their faces and they even admit it but are still stupid and stubborn enough to still follow the direction of their propaganda.

    Of course they choose to believe it... it is easier to think it is because the US invented everything is the reason the US is so wealthy. It is harder for them to think that perhaps their government is involved in wheeling and dealing or even murder to maintain Americas position in the world and would be happy to kill anyone that gets in the way of that.

    Regarding the US free press... a short while back a respected journalist said something along the lines of "perhaps Israel is being a bit too heavy handed against the Arabs in Gaza... she lost her job... really... how free is the US press at all?

    What sort of quality journalism is possible in such an environment?


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    ― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

    Viktor
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    Re: Russian Economy General News: #2

    Post  Viktor on Tue Feb 11, 2014 5:19 pm

    World 2nd thumbsup 

    Gold production in Russia increased 12.6% year-on-year in 2013 to reach 254.24 tons

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Tue Feb 11, 2014 5:34 pm

    Central Bank should buy all the gold produced in Russia .....Keep stocking gold thats what would matter in long run.

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue Feb 11, 2014 5:39 pm

    Austin wrote:Central Bank should buy all the gold produced in Russia .....Keep stocking gold thats what would matter in long run.

    And thats exactly what they are doing  Very Happy 

    Russian Banks Bought Almost 90% of Russia’s 2013 Gold Output

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Wed Feb 12, 2014 4:51 am

    ^^ Thats good keep stocking Gold ....Russia should atleast have higher Gold Reserves than Germany , perhaps second only to US and China.

    Now here is a warning from Obama on any body dealing with Iran

    US warns businesses against operating in Iran ( RT )

    The US will take on businesses that violate sanctions against Iran, said President Barack Obama at a joint news conference at the White House with French President Francois Hollande. "They do so at their own peril right now because we will come down on them like a ton of bricks with the sanctions we control," he said. Obama added that France and other allies are committed to enforcing the current sanctions in order to stop Iran from expanding its nuclear program. In February Iran resumed talks with the UN nuclear watchdog in Tehran concerning its nuclear program and sanctions relief.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Wed Feb 12, 2014 9:53 am

    Foreign investors ditching France for Russia

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    Re: Russian Economy General News: #2

    Post  Austin on Wed Feb 12, 2014 11:51 am

    Check EIA projections on Oil Prices .......whats more relevant for Russia is Brent Crude Oil Projections and Ural Blend from Russia over laps Brent Price.

    The worrisome part is for most part of 2014-2020 the Brent Price it projects an average of  $ 94

    http://www.eia.gov/oiaf/aeo/tablebrowser/#release=AEO2014ER&subject=3-AEO2014ER&table=12-AEO2014ER&region=0-0&cases=ref2014er-d102413a

    While Russian Budget takes price at $93-94 till 2016  Sad  .......Hope this does not turn to be true.

    It will also impact SAP 2020

    collegeboy16
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    Re: Russian Economy General News: #2

    Post  collegeboy16 on Wed Feb 12, 2014 12:13 pm

    trying to sabotage armata eh, maybe fsb can cook up something like stxnet and bl0 the fck up of a competing oil producers infrasructure.
    the other side did it, prolly overdue for revenge.

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    Re: Russian Economy General News: #2

    Post  Austin on Wed Feb 12, 2014 12:20 pm

    Check out this very long but very interesting report by Russian Energy Agency and the Energy Research Institute of the Russian Academy of Sciences ( as official as it gets )  russia 



    The Russian part starts at page 149

    http://www.eriras.ru/files/Outlook_2012_eng_light.pdf

    The positive news is Russia can maintain their Oil Output to more than 500 million tons till 2035 which is the present rate of extraction.

    The negitive side is it will require an annual investement of 2.5 Trillion rouble ( $75 Billion ) each year till  2035


    Very interesting report read it in full if you can

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed Feb 12, 2014 1:46 pm

    Nice  thumbsup 

    China and Russia to build world’s biggest thermal power plant


    Russian-Chinese widebody aircraft may enter the market in 2023-2025 gg.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Wed Feb 12, 2014 6:43 pm

    I posted the news in civil aviation forum they are funding engine for Jet 2020 and Jet 2030 , so likely the engine will be part of Jet 2020 program.

    China-Russia Wide Body is win win for both.

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    Re: Russian Economy General News: #2

    Post  sepheronx on Thu Feb 13, 2014 2:52 am

    Austin wrote:I posted the news in civil aviation forum they are funding engine for Jet 2020 and Jet 2030 , so likely the engine will be part of Jet 2020 program.

    China-Russia Wide Body is win win for both.

    Agreed. Too bad India did not get involved first in one. China has been having trouble selling their aircrafts (including their Comac jets) and this would guarentee sale to both Russia and China (who both need a wide body jet) as well as cost Russia less for building a wide body jet alone.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 13, 2014 4:32 am

    India does not have any expertise in Civil Aircraft Development ..China does have significant capability there , Ofcourse when they build a wide body aircraft they can sell to India and other countries in the world.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 13, 2014 6:28 am

    Vlad sees the light  Laughing 

    Putin: Hydrocarbons can no longer drive economic growth in Russia


    NOVO OGAREVO, February 12. /ITAR-TASS/. President Vladimir Putin said hydrocarbons could no longer serve as a driving force of economic growth in Russia.

    According to the Finance Ministry, oil and gas revenues account for almost 50% of budget income in Russia. Economists have been urging the Russian authorities over the past several years to reduce dependence on oil and gas export and increase the share of non-hydrocarbon revenues.

    At a meeting with members of the government on Wednesday, February 12, Putin asked Minister of Economic Development Alexei Ulyukayev to report on the progress in preparing a long-term macroeconomic forecast, including reserves for economic development.

    We have discussed this many times, I mean the situation in the global and national economy, and there is no point in repeating our common opinion that although the previous sources of growth may not be completely exhausted, they certainly are not as effective as before,” Putin said. “We always expected growth and more growth, and higher and higher energy prices, which are staying at a relatively good level, but they can no longer produce the kind of growth we saw before.”

    Central Bank Chair Elvira Nabiullina said in late January that “the previous economic model based on the constant growth of oil prices has exhausted itself, and a new economic model based on private investments in competitive industries should be put in place.”


    “Oil revenues were invested in the economy, industry and construction. Oil prices are high now, but they do not grow all the time. Therefore the model should be changed,” Nabiullina said.

    She believes that a new model should bring investments into competitive non-resource industries, she said, adding that “this money will start paying off in three to five years.” Until then, economic growth rates will stay low, she cautioned.


    Putin asked Ulyukayev to present his vision of sources for economic growth and evaluate the work to draft measures to improve labor productivity and solve the problem of company towns and closed administrative-territorial entities. The president said the latter was a matter of special concern because of security restrictions.

    According to preliminary projections made by the Ministry of Economic Development, Russia’s GDP in 2013 grew by 1.2% and is expected to grow by 2.5% this year. The federal budget deficit in 2013 was 310.52 billion rubles (0.5% of GDP) and is expected to be 0.6-0.7% of GDP in 2014.

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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 13, 2014 6:29 am

    So what is the new Model of Growth in Private Industry and how much success have they achieved so far ?

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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 13, 2014 6:30 am


    Russia's foreign trade surplus increased in 2013 to $ 208.6 billion / Statistics




    Russian trade balance in 2013 showed a surplus of $ 208.6 billion, up $ 1.1 billion, or 0.5% more than it was in 2012. It is reported by the Federal Customs Service.


    In the trade with foreign countries the balance equaled $ 176.4 billion (an increase of $ 3.2 billion), with the CIS countries - $ 32.2 billion (down $ 2.1 billion).


    According to customs statistics, in 2013 Russia's foreign trade remained at the level of 2012 and amounted to $ 844.2 billion, with non-CIS foreign trade turnover amounted to $ 729.4 billion, with the CIS countries - $ 114.8 billion


    Russian exports in 2013 remained virtually the same as last year and formed a $ 526.4 billion in total exports to non-CIS countries in 2013 accounted for 86.0%, the share of CIS countries - 13.9%.


    Russian imports in 2013 and remained at the level of indicators in 2012 and amounted to $ 317.8 billion in total imports to non-CIS countries in 2013 accounted for 87.0%, the share of CIS countries - 13.0%.
    MOSCOW, February 12. / ITAR-TASS /.

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    Re: Russian Economy General News: #2

    Post  Austin on Fri Feb 14, 2014 6:16 pm

    dunno  Mad 

    Russian regulator cuts GDP 2014 estimate from 3% to 1.5-1.8%

    Economy
    February 14, 17:31 UTC+4
    MOSCOW, February 14. /ITAR-TASS/. Central Bank of Russia (CBR) reduced its estimate for Russia's GDP this year from 3% to 1.5-1.8%, CBR governor Elvira Nabiullina said on Friday.


    Inflation is expected to stand at 5.8-6.1% year-on-year at the end of the first six months 2014 and to drop to 5 percent by year-end. According to Nabiullina, the ruble’s weakening in January and February had a moderate impact on inflation (0.5 p. p.) which risks increasing in the future.

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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Fri Feb 14, 2014 6:43 pm

    Austin wrote:dunno  Mad 

    Russian regulator cuts GDP 2014 estimate from 3% to 1.5-1.8%

    Economy
    February 14, 17:31 UTC+4
    MOSCOW, February 14. /ITAR-TASS/. Central Bank of Russia (CBR) reduced its estimate for Russia's GDP this year from 3% to 1.5-1.8%, CBR governor Elvira Nabiullina said on Friday.


    Inflation is expected to stand at 5.8-6.1% year-on-year at the end of the first six months 2014 and to drop to 5 percent by year-end. According to Nabiullina, the ruble’s weakening in January and February had a moderate impact on inflation (0.5 p. p.) which risks increasing in the future.

    About 2% is what I expect myself and given that CBR prefer to slightly understate officially, this is what they expect as well.
    This would indicate a decent growth in the second half of the year of around 3%

    flamming_python
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    Re: Russian Economy General News: #2

    Post  flamming_python on Fri Feb 14, 2014 8:17 pm

    Russia's central bank, chief economists, etc... are notoriously conservative.

    Throughout the 2000s - every year up until 2008 their predictions understated growth considerably, sometimes by up to 2 percent or more.

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    Re: Russian Economy General News: #2

    Post  sepheronx on Sat Feb 15, 2014 1:08 am

    flamming_python wrote:Russia's central bank, chief economists, etc... are notoriously conservative.

    Throughout the 2000s - every year up until 2008 their predictions understated growth considerably, sometimes by up to 2 percent or more.

    I wouldnt say thats a bad thing, as they prepare themselves for possible economic troubles.

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    Re: Russian Economy General News: #2

    Post  flamming_python on Sat Feb 15, 2014 2:46 am

    sepheronx wrote:
    flamming_python wrote:Russia's central bank, chief economists, etc... are notoriously conservative.

    Throughout the 2000s - every year up until 2008 their predictions understated growth considerably, sometimes by up to 2 percent or more.

    I wouldnt say thats a bad thing, as they prepare themselves for possible economic troubles.

    Never said it was, preparing for the worst-case is a wise policy.

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