Military Forum for Russian and Global Defence Issues


    Russian Economy General News: #2

    Share

    GarryB
    Colonel
    Colonel

    Posts : 15458
    Points : 16165
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Economy General News: #2

    Post  GarryB on Fri Mar 14, 2014 8:00 am

    I would think foreign sanctions might make people less inclined to invest or store money in foreign banks and more likely to keep their money close... that means lots of people will likely bring their money home...


    _________________
    “The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

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

    sepheronx
    Colonel
    Colonel

    Posts : 7302
    Points : 7612
    Join date : 2009-08-06
    Age : 27
    Location : Canada

    Re: Russian Economy General News: #2

    Post  sepheronx on Fri Mar 14, 2014 4:04 pm

    GarryB wrote:I would think foreign sanctions might make people less inclined to invest or store money in foreign banks and more likely to keep their money close... that means lots of people will likely bring their money home...

    eople dont learn and a lot of cases, they will seek 'political' assylum in otger countries were their money is stored because they are nothing but crooked assholes.

    As Sa'iqa
    Junior Lieutenant
    Junior Lieutenant

    Posts : 416
    Points : 352
    Join date : 2013-06-01
    Age : 22
    Location : Western Poland

    Re: Russian Economy General News: #2

    Post  As Sa'iqa on Fri Mar 14, 2014 6:19 pm


    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Fri Mar 14, 2014 6:36 pm

    Ruslan Baysarov receive billions of National Welfare Fund



    National Welfare Fund (NWF) will allocate 450 billion rubles additional seven infrastructure projects. These include railroad Elegest - Kyzyl - Kuragino Ruslan Baysarov project development Moscow airports and nuclear power plants in Finland, says "RBC daily».
    Besides them, the pre-approved list includes the Ministry of Economic Development of the Angara-Yenisei cluster grid for BAM and Trans-Siberian Railway. Another two projects worked out by the Russian Direct Investment Fund in the field of communications and energy.


    Ministry of Economic Development noted that the projects will continue to act and are treated as they become available. Government decree allows to spend 40 percent of FNB, the volume of which is now three trillion dollars.


    Exactly how much money will be allocated to each of the selected projects is unknown. Thus the cost of the project Elegest - Kyzyl - Kuragino estimated at 156 billion rubles, the company expects to receive TEPKO Baysarova of NWF to 40 percent of the funding.
    Earlier it was reported that the NWF allocate 150 billion rubles for the modernization program of BAM and Trans-Siberian Railway. The total project cost is 562 billion rubles to the state will have 260 billion.

    sepheronx
    Colonel
    Colonel

    Posts : 7302
    Points : 7612
    Join date : 2009-08-06
    Age : 27
    Location : Canada

    Re: Russian Economy General News: #2

    Post  sepheronx on Fri Mar 14, 2014 7:07 pm

    As Sa'iqa wrote:

    Graph seems to be pretty meaningless.

    GarryB
    Colonel
    Colonel

    Posts : 15458
    Points : 16165
    Join date : 2010-03-30
    Location : New Zealand

    Re: Russian Economy General News: #2

    Post  GarryB on Sat Mar 15, 2014 8:33 am

    sepheronx wrote:
    As Sa'iqa wrote:

    Graph seems to be pretty meaningless.

    Seems to me to show Capital growth in Russia that slowed during the 2008-2009 period with the Georgian war and the start of the world wide economic meltdown... if anything it shows... if reversed... the growth in the Russian economy...


    _________________
    “The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

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

    TR1
    Colonel
    Colonel

    Posts : 5840
    Points : 5892
    Join date : 2011-12-06

    Re: Russian Economy General News: #2

    Post  TR1 on Sat Mar 15, 2014 8:30 pm

    http://rt.com/news/okhotsk-sea-shelf-russia-038/

    52,000 square KM of the Sea of Okhotsk confirmed to be part of the Russian continental shelf.

    magnumcromagnon
    Colonel
    Colonel

    Posts : 4468
    Points : 4659
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Sat Mar 15, 2014 9:06 pm

    TR1 wrote:http://rt.com/news/okhotsk-sea-shelf-russia-038/

    52,000 square KM of the Sea of Okhotsk confirmed to be part of the Russian continental shelf.

    It's pretty much common sense that the continental shelf was Russian territory. Russia has centuries if not millenniums worth of natural resources discovered and undiscovered. Slapping sanctions on Russia means a whole list of natural resources will have it's prices arbitrarily driven up on the global commodities market. The Obama administration is doing everything it can to worsen the world economy, while he's meddling in Ukraine Obama should really worry about passing a budget and developing national jobs program.

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Thu Mar 20, 2014 6:52 pm

    David Stockman : Fed’s Taper Kabuki is Farce; Gong Show of Cacophony, Confusion and Calamity Coming

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Thu Mar 20, 2014 6:59 pm

    I was expecting something like that , S&P following US Diktat .....expect Moodys and other lap dogs to follow suite  Laughing

    S & P downgraded its outlook on Russia from stable to negative


    MOSCOW, March 20 - Prime. International rating agency S & P downgraded long-term rating of the Russian Federation in foreign currency "BBB" and a similar rating in national currency 'BBB +' from stable to negative, according to a press release from the agency.

    S & P also affirmed the short-term rating of "A-2" and the national scale rating "ruAA". "The deterioration of the forecast due to the possible significant economic and financial consequences of sanctions by the EU and the U.S.", - the report says.



    Hannibal Barca
    Colonel
    Colonel

    Posts : 1219
    Points : 1241
    Join date : 2013-12-13

    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Thu Mar 20, 2014 7:53 pm

    Grivna is collapsing. Ruble stabilized. Dollar remains weak. Chinese doing a great job supporting Russia by deflating yuan.
    US will soon be forced to increase interest rates substantially. East is seriously winning the economic front in this Ukrainian crisis.
    It is very funny to see this in real time the last weeks. In the morning China attacks in the evening US/EU retaliate.

    magnumcromagnon
    Colonel
    Colonel

    Posts : 4468
    Points : 4659
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Thu Mar 20, 2014 8:08 pm

    Austin wrote:I was expecting something like that , S&P following US Diktat .....expect Moodys and other lap dogs to follow suite  Laughing

    S & P downgraded its outlook on Russia from stable to negative


    MOSCOW, March 20 - Prime. International rating agency S & P downgraded long-term rating of the Russian Federation in foreign currency "BBB" and a similar rating in national currency 'BBB +' from stable to negative, according to a press release from the agency.

    S & P also affirmed the short-term rating of "A-2" and the national scale rating "ruAA". "The deterioration of the forecast due to the possible significant economic and financial consequences of sanctions by the EU and the U.S.", - the report says.



    ...Rating agencies are a joke, they claimed mortgage backed securities were rated A+++ right before the world economic collapse.

    sepheronx
    Colonel
    Colonel

    Posts : 7302
    Points : 7612
    Join date : 2009-08-06
    Age : 27
    Location : Canada

    Re: Russian Economy General News: #2

    Post  sepheronx on Thu Mar 20, 2014 8:11 pm

    Austin wrote:I was expecting something like that , S&P following US Diktat .....expect Moodys and other lap dogs to follow suite  Laughing

    S & P downgraded its outlook on Russia from stable to negative


    MOSCOW, March 20 - Prime. International rating agency S & P downgraded long-term rating of the Russian Federation in foreign currency "BBB" and a similar rating in national currency 'BBB +' from stable to negative, according to a press release from the agency.

    S & P also affirmed the short-term rating of "A-2" and the national scale rating "ruAA". "The deterioration of the forecast due to the possible significant economic and financial consequences of sanctions by the EU and the U.S.", - the report says.



    Lol. The same group who gives USA triple A rating. These agencies are uselss. Especially they say this after Russian market rebounded and rouble increased.

    They are just trying to sabotage the Russian economy. On another note, Putin meets with the industry and trade, as well as other exonomic developers of Russia to de-offshorization of Russian economy. Pretty much what I figured will happen.

    Werewolf
    Colonel
    Colonel

    Posts : 5390
    Points : 5639
    Join date : 2012-10-24

    Re: Russian Economy General News: #2

    Post  Werewolf on Thu Mar 20, 2014 9:06 pm

    sepheronx wrote:
    Austin wrote:I was expecting something like that , S&P following US Diktat .....expect Moodys and other lap dogs to follow suite  Laughing

    S & P downgraded its outlook on Russia from stable to negative


    MOSCOW, March 20 - Prime. International rating agency S & P downgraded long-term rating of the Russian Federation in foreign currency "BBB" and a similar rating in national currency 'BBB +' from stable to negative, according to a press release from the agency.

    S & P also affirmed the short-term rating of "A-2" and the national scale rating "ruAA". "The deterioration of the forecast due to the possible significant economic and financial consequences of sanctions by the EU and the U.S.", - the report says.



    Lol. The same group who gives USA triple A rating. These agencies are uselss. Especially they say this after Russian market rebounded and rouble increased.

    They are just trying to sabotage the Russian economy. On another note, Putin meets with the industry and trade, as well as other exonomic developers of Russia to de-offshorization of Russian economy. Pretty much what I figured will happen.

    No one should care about rating agencies, they are all bank funded, the FED dictates which currency gets which rating, period. All of them are in the US or under US directive. They have zero value. This ratings have the same value as youtube "top 10 assault rifle videoes".

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Fri Mar 21, 2014 7:41 am

    As expected

    Fitch downgraded Russia rated "BBB" to negative

    MOSCOW, March 21 - Prime. Fitch Ratings has downgraded long-term issuer default rating of the Russian Federation "BBB" to negative from stable, according to a press release from the agency.

    In this short-term rating "F3" and the country ceiling for ratings 'BBB +' have been confirmed.

    "The deterioration of the forecast due to the possible impact of sanctions on the economy and the business climate in Russia", - the report says.

    Viktor
    Colonel
    Colonel

    Posts : 5629
    Points : 6282
    Join date : 2009-08-25
    Age : 36
    Location : Croatia

    Re: Russian Economy General News: #2

    Post  Viktor on Fri Mar 21, 2014 3:54 pm

    I was wondering about when might that happen .... well here it is ....  thumbsup 


    Russia’s wine industry begins to flourish

    sepheronx
    Colonel
    Colonel

    Posts : 7302
    Points : 7612
    Join date : 2009-08-06
    Age : 27
    Location : Canada

    Re: Russian Economy General News: #2

    Post  sepheronx on Sat Mar 22, 2014 5:30 am

    Russia in January-February increased gold production by 30%
    Russian subsoil mining ore and concentrates of silver production in January-February 2014 decreased by 1.3% compared to the same period of the previous year, the production of gold bullion has increased by 30%, according to Rosstat.
    The extraction of natural rough diamonds increased by 9.8%. Production of palladium and its alloys increased by 12.7%, production of platinum and alloys increased by 41.7%.
    In February 2014 the production of silver concentrates increased by 1.5% compared to February of the previous year, the production of gold bullion has increased by 44.3%.
    Extraction of natural diamonds in February fell by 5.9%. Production of palladium and its alloys increased by 13.7%, production of platinum and alloys - grew by 35.4%.
    Absolute numbers of extraction and production Rosstat does not.

    Despite sanctions, seems businesses are opening up and trade is still up:

    First trillion from Customs

    Gathering in January-February 2014 1.045 trillion rubles. (562.5 billion rubles. February), the Federal Customs Service (FCS) reported a 17 percent increase in revenue compared with the first two months of last year.

    Trade balance and exports

    magnumcromagnon
    Colonel
    Colonel

    Posts : 4468
    Points : 4659
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Sat Mar 22, 2014 5:56 am

    Irkutsk and Hong Kong universities to develop new generation LCD

    Russia’s Irkutsk State Technical University and Hong Kong Science and Technology University have jointly won USD 1.67 million grant for the development of a new generation Liquid Crystal Display (LCD). Based on the photo-orientation technology they will consume less power and have higher resolution. This will allow higher picture quality, improved contrast, colour saturation and faster image processing.

    Russia’s Irkutsk State Technical University and Hong Kong Science and Technology University have jointly won USD 1.67 million grant for the development of a new generation Liquid Crystal Display (LCD). Based on the photo-orientation technology they will consume less power and have higher resolution.
    This will allow higher picture quality, improved contrast, colour saturation and faster image processing. Russian experts note that new LCD would have an extra advantage since they could also be produced on glass as well as flexible base. Photo-orientation technology is a prospective technology and global electronics majors like Sharp, Samsung and LG are already adopting it.

    Read more: http://indian.ruvr.ru/2013_02_05/Irkutsk-Hong-Kong-develop/


    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Sat Mar 22, 2014 6:52 pm

    Guys makes informative read with stastics on QE

    Fisher Outs Bubbles Ben: QE Was A Massive Intended Gift To The 1%

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Sun Mar 23, 2014 5:01 am

    Jim Sinclair: Russia Can Collapse US Economy, Gold Update, Silver is Gold on Steroids & More


    Hannibal Barca
    Colonel
    Colonel

    Posts : 1219
    Points : 1241
    Join date : 2013-12-13

    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Sun Mar 23, 2014 9:30 am

    Well the guy is just selling precious metals in Southeast Asia and has a profound interest in saying what he is saying but nevertheless his basic ideas are correct.
    He is probably exaggerating or accelerating the process but yeah Dollar is the Achilles's heal of US economic condition.

    US economy is simply too small to have reserve status anymore and this only gonna worsen. If they print enough dollars to cover the needs of a reserve currency they
    go for depreciation and mountain of debts. If stop printing and go for the austerity to cover the debts they end up with high demand for dollar and thus deficits.
    There is no solution to this simple problem but grow bigger compare to the rest of the world which is kinda impossible.

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Sun Mar 23, 2014 5:09 pm

    GarryB wrote:Likely 1/10th is used as an example because it will be the most accessible material. The other 90% will be harder to reach/extract and therefore cost more, some will never be worth extracting...

    I did some digging on the reserve part and came across a 2013 official silde from Rosneft on Offshore reserves

    http://rosneft.com/attach/0/02/99/cera_week_en.pdf

    On page 9 of slide the total recoverable Offshore reserves is put at  275 bln BOE

    Oil - 155 bln BOE
    Gas - 120 bln BOE

    Rough approximation in billion Tons , 1 billion Ton Oil Equivalent = 7 bln BOE , Oil is 22 Billion Ton and Gas 17 Billion Ton , that roughly matches what he said , which is 24.2 billion ton for Oil and 23.8 Trillion Cubic Meter for Gas ....perhaps additional reserves accounted for in years time.

    Since they are recoverable reserves and a tenth of it cost $2.5 Trillion at today rate then the total value is ~ $25 Trilliion and thats just for Offshore near the borders !

    Viktor
    Colonel
    Colonel

    Posts : 5629
    Points : 6282
    Join date : 2009-08-25
    Age : 36
    Location : Croatia

    Re: Russian Economy General News: #2

    Post  Viktor on Mon Mar 24, 2014 3:46 pm

    Nice  thumbsup 

    Russia to launch its payment system in months, as disruption fears mount

    sepheronx
    Colonel
    Colonel

    Posts : 7302
    Points : 7612
    Join date : 2009-08-06
    Age : 27
    Location : Canada

    Re: Russian Economy General News: #2

    Post  sepheronx on Mon Mar 24, 2014 4:09 pm

    Viktor wrote:Nice  thumbsup 

    Russia to launch its payment system in months, as disruption fears mount

    Was reading on Itar-Tass that CEO of sperbank said it will rake about 6 months for Universal card to be ready.

    Austin
    Colonel
    Colonel

    Posts : 5664
    Points : 6070
    Join date : 2010-05-08
    Age : 40
    Location : India

    Re: Russian Economy General News: #2

    Post  Austin on Tue Mar 25, 2014 5:15 am

    Russia warns of investor flight


    Russia expects investors to move up to $70bn (£42bn) of assets out of the country in the first three months of this year.


    The sign that investors are becoming nervous about Russia comes amid sanctions and tensions over Ukraine.

    Speaking to reporters on Monday, Andrei Klepach, Russia's deputy economy minister, also warned of stagnant growth and rising inflation.

    He expects growth in the first quarter to be "around zero".

    The Russian economy grew by just 1.3% last year, but Mr Klepach said it was "too soon" to talk about "a recovery from stagnation".

    "There won't be a recession, but there is a problem of stagnation: it's length and depth," Mr Klepach said.

    "Unfortunately the investment slump is continuing. I'm not ready to say how long it will continue."

    The Russian economy ministry forecasts suggest $65-70bn of assets would be taken out of Russia this quarter, but Mr Klepach said the figure was likely to be closer to $70bn.

    That would mark a significant rise on 2013, when capital outflows for the entire year totalled $63bn.

    Mr Klepach said sanctions imposed by the US and EU in the wake of the Ukraine crisis had yet to have a significant impact, but said "worsening of relations is a significantly negative factor for economic growth and correspondingly influences the capital outflow."

    Sponsored content

    Re: Russian Economy General News: #2

    Post  Sponsored content Today at 4:57 am


      Current date/time is Sun Dec 04, 2016 4:57 am