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    Russian Economy General News: #2

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    sepheronx
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    Re: Russian Economy General News: #2

    Post  sepheronx on Thu Oct 09, 2014 1:19 pm

    The local paper here claims Russia is more dependant on oil and gas sales than Saudi Arabia...

    I really want to write to the editor telling them how badly wrong they are... but its a pointless battle till the figures come out this year what the gdp growth is.

    Viktor
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    Re: Russian Economy General News: #2

    Post  Viktor on Thu Oct 09, 2014 5:01 pm

    Nice thumbsup

    The current account surplus of the Russian Federation for 9 months has doubled

    kvs
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    Re: Russian Economy General News: #2

    Post  kvs on Thu Oct 09, 2014 9:44 pm

    sepheronx wrote:The local paper here claims Russia is more dependant on oil and gas sales than Saudi Arabia...

    I really want to write to the editor telling them how badly wrong they are...  but its a pointless battle till the figures come out this year what the gdp growth is.

    This is the quality of most western mainstream media. They pull "facts" out of their a**es. This clown couldn't even be bothered
    to do a simple internet search. Nobody will give him a hard time for smearing Russia.

    But let them live in their little delusional bubble. Russia has real economic growth, Canada and the rest of NATO are bubble economies
    created through borrowing. There is no such thing as a free lunch and the chickens are already starting to come home to roost.

    magnumcromagnon
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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Fri Oct 10, 2014 12:29 am

    kvs wrote:
    sepheronx wrote:The local paper here claims Russia is more dependant on oil and gas sales than Saudi Arabia...

    I really want to write to the editor telling them how badly wrong they are...  but its a pointless battle till the figures come out this year what the gdp growth is.

    This is the quality of most western mainstream media.   They pull "facts" out of their a**es.   This clown couldn't even be bothered
    to do a simple internet search.   Nobody will give him a hard time for smearing Russia.

    But let them live in their little delusional bubble.   Russia has real economic growth, Canada and the rest of NATO are bubble economies
    created through borrowing.   There is no such thing as a free lunch and the chickens are already starting to come home to roost.

    I have a question to our Canadian residents, is Canada's tar sands the main revenue maker in your country? If so then the writer of the local paper looks quite foolish considering how Russia has a thriving space industry, arms industry, and oil/gas isn't the only major natural resource Russia has in in abundance. Russia has plenty of timber, diamonds, gold, coal, rare-Earth minerals, huge reservoirs of fresh water, and Russia is 'the' main player in the world when it comes to titanium, so much so that Rostec' published an Op-Ed article on their website explaining why the U.S./E.U. won't dare placing sanctions on Russia's titanium industry:

    Russia's titanium industry will not get sanctions
    Analyst Oleg Panteleev: American business will make every effort to prevent the introduction of sanctions against AVISMA



    VSMPO-deeply integrated into the global aerospace industry and for many companies, a strategic supplier of titanium products. Selectivity imposed on the domestic industry as an example of sanctions AVISMA is visible as well as possible. About the partnership between Boeing and VSMPO-AVISMA, possible risks that may be incurred by Western and Russian participants of the market, says Oleg Panteleyev, head of analytical department of the agency "AviaPort".

    ON THE LIKELY RISKS

    With the unfavorable scenario of the main risks for Western companies can be divided into three components. The first - the time spent on trying to find alternative AVISMA suppliers, wait, that they increased their production, mastered a new range of products.

    Russian titanium is about 40% of the total consumption of products made from this material for Boeing, 60% - for Airbus, and for Embraer - 100%. In the United States, Canada, China and Europe have producers of titanium products, competing with the Russian giant, but they can not confidently confront him in the fight for customers in terms of value for money products, the extent of the release, as well as on a number of technological opportunities. For example, AVISMA has a unique, world's most powerful hydraulic press with a force of 75 thousand. Tons.



    Accurately estimate the time required to complete replacement of supplies from Russia, it is difficult - it all depends on how you have previously built the relationship between aircraft manufacturers and their contractors. Fend off this threat can only be filled warehouse and only at the expense of the buyer.

    The second, related to this circumstance - the risk appreciation procurement. In today's world there is no other manufacturer that would supervise the chain from titanium sponge to the machining of forgings and stampings, including bulky items. This vertical integration allows for the most effective management of costs.

    Reorientation to new suppliers will change the logistics. For example, within the Ural Boeing Manufacturing - a joint venture by Boeing and VSMPO-AVISMA - for machining parts for wing groups, while on their own capacities Russian company is engaged in machining parts of the chassis. All activities are focused on an area of ​​the Upper Salda, thereby reducing transportation costs.

    Another risk for the Western partners is that the critical details necessary to use special equipment, such as a Russian unique hydraulic press. No other manufacturer of the world is immune from damage such a unit, and the output of equipment for planned maintenance at all inevitable. But AVISMA has an agreement with Alcoa on the use of existing Samara similar press. It is strategically important trump card, which makes the technological risks of cooperation with AVISMA minimal.

    PROSPECTS

    If we recall that before the collapse of the Soviet Union was VSMPO volume of more than 70 thousand. Tons of titanium products a year, it becomes obvious potential of the company to increase the volume of the issue. Although, unfortunately, today domestic engineering industry will not be able to consume the same amount of titanium as it was true in the 1980s: Russia today is not as implements large-scale projects, for example, does not produce titanium submarines. However, there is potential for growth in terms of the internal market, and in terms of export sales, and in terms of the development of the new nomenclature.



    Note that the search for new markets - is an activity that should not in any way depend on the relationships with existing major partners, and the more it is not a response to the inadequacy of the foreign policy of the West. That's why AVISMA from year to year is a party to all major aerospace salons and exhibitions in the field of metallurgy and engineering.

    FORECASTS

    Today it is not necessary to draw a gloomy picture. Let's start with the fact that to date the sanctions against enterprises of the national military-industrial complex used primarily to companies not included in the supply chain of the western manufacturers of aerospace equipment. An example of cooperation in the export of Russian rocket engines in the United States is very significant. And whenever the West there was vested interest in a particular transaction, suddenly there are exceptions.



    If you examine the more than 20-year history of the relationship AVISMA and Boeing, is grounds for a confident view of the future is more than enough. For example, in the summer, at the height of sanctions war, the parties signed another agreement shall be extended for three years (until 2022) the existing contractual obligations. The company also confirmed its readiness to continue working together to create a second line of machining plant in Titanium Valley.

    Between Boeing and VSMPO-AVISMA really developed partnerships far beyond relations "buyer - seller ". Boeing is spending billions of dollars in Russia not only as a payment of finished products, but also to invest in joint development of titanium alloys, equipment, first one, and now the second venture for machining. This large-scale investments, and, of course, the American company is interested to make it work and make a profit.

    So I'm sure that even if the current situation of foreign business in the USA will make every effort to ensure that the sanctions against the company AVISMA not introduced. Pragmatic Americans know how to count money and appreciate the beneficial partnership.

    AUTHOR: OLEG PANTELEEV

    Head of the Analytical Services Agency "AviaPort"



    http://rostec.ru/news/4514733


    kvs
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    Re: Russian Economy General News: #2

    Post  kvs on Fri Oct 10, 2014 1:02 am

    Canada is a resource exporter. The tar sands (called oil sands in a cheap attempt to launder their image) are central to the
    government's plans out to 2030. Our dear leader Harper thinks Canada is an oil superpower. Of course, his is an idiot,
    the dangerous kind.

    http://www.onearth.org/articles/2014/10/oil-companies-are-finally-realizing-tar-sands-is-bad-for-the-bottom-line

    In 2010 Canada exported as follows:

    26% Machinery and Transport Equipment
    23% Mineral Fuels, Lubricants and Related (e.g. oil and oil products)
    12% Reprocessed Ores (e.g. steel)
    9% Chemical and Related Products
    9% Non Fuel Materials (e.g. metal scrap and wood pulp)
    8% Livestock and Farm Produce
    8% Unclassified Commodities and Non-Monetary Gold
    4% Miscellaneous Manufactured Goods (e.g. furniture)

    (from http://atlas.cid.harvard.edu/explore/tree_map/export/can/all/show/2012/ click on SITC4 product class button).

    Canada is alleged to have a 1.8 trillion dollar GDP as of 2013 and it exports less than Russia. The 26% that Canada
    exports in Machinery and Transport Equipment category includes cars to the US. This is a peculiar arrangement where
    the US does Canada a big favour and Canada has been called a branch plant economy for a long time.




    GarryB
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    Re: Russian Economy General News: #2

    Post  GarryB on Fri Oct 10, 2014 8:46 am

    The local paper here claims Russia is more dependant on oil and gas sales than Saudi Arabia...

    The huge irony is that it is the wests dependence on oil and gas that creates the situation in the first place.

    Oil is cheap and easy so alternatives become expensive even if in the long term they are cleaner and renewable.


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    George1
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    Re: Russian Economy General News: #2

    Post  George1 on Fri Oct 10, 2014 11:30 am

    Russia’s Gazprom buys Europe’s biggest gas storage facility

    Viktor
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    Re: Russian Economy General News: #2

    Post  Viktor on Fri Oct 10, 2014 4:07 pm

    Contract worth 1 bin $ for Russian railways   thumbsup

    Railways have signed an agreement for the development of the documentation for the w / d in Serbia

    and it seems something big is cooking off again

    "Gazprom" and China to discuss oil projects on the shelf of the Russian Federation and China

    Russia in general is getting rid of western debt .... Very Happy

    Russian external debt has declined over the first 9 months of 6.9%, to $ 678.4 billion

    and unexpected one ... Beriev-200 going to be built in USA thumbsup

    Aerial Firefighting Partnerships

    TR1
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    Re: Russian Economy General News: #2

    Post  TR1 on Sat Oct 11, 2014 1:23 am

    Wait, what about Be-200?

    That link is just about Be-103 being bought by VVS (for unknown reasons, but thats another story).

    Mike E
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    Re: Russian Economy General News: #2

    Post  Mike E on Sat Oct 11, 2014 1:36 am

    TR1 wrote:Wait, what about Be-200?

    That link is just about Be-103 being bought by VVS (for unknown reasons, but thats another story).
    Try this one; http://www.marketwired.com/press-release/usafac-promotes-us-built-beriev-be-200-firefighter-1951241.htm

    TR1
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    Re: Russian Economy General News: #2

    Post  TR1 on Sat Oct 11, 2014 1:58 am

    Would be great, but in the current political situation the Be-200 is screwed Sad .

    Mike E
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    Re: Russian Economy General News: #2

    Post  Mike E on Sat Oct 11, 2014 2:51 am

    TR1 wrote:Would be great, but in the current political situation the Be-200 is screwed Sad .
    It is unfortunate, but things like this take time. Thankfully there hasn't been much recently-developed competition in the field of amphibians, so that could boost it in the future... (China is joining the market, but so far their planes have-remained mostly overlooked.)

    If Russia ordered a few -220's, that would provide a needed boost as well.

    I don't want to see the -200 become yet another stuck-in-limbo -42.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Sat Oct 11, 2014 8:09 am

    Ilya Kramnik has write up on Defence Cuts

    As far as Russia could cut military spending in the next 10-15 years?

    Accounting for sacred cows

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Sat Oct 11, 2014 8:57 am

    sepheronx wrote:Russia Needs to Create Domestic Credit System to Survive Sanctions: Presidential Aide

    Pretty much translates to: why give lots of loans for foreign entities but not domestic? Give credit to domestic.

    This guy should be in charge of the CB. He seems to know what is going on.
    "If we are going to lend money to the Western economy, as we did before (Russia is the donor of the world economic system, having lent more than a trillion dollars abroad),


    Hmmm ....... when did Russia lend 1 trillion dollar any idea ?

    GarryB
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    Re: Russian Economy General News: #2

    Post  GarryB on Sat Oct 11, 2014 9:11 am

    AFAIK the Russian Emergency services were getting something like 10 Be-200s.


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

    sepheronx
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    Re: Russian Economy General News: #2

    Post  sepheronx on Sat Oct 11, 2014 10:06 am

    Austin wrote:
    sepheronx wrote:Russia Needs to Create Domestic Credit System to Survive Sanctions: Presidential Aide

    Pretty much translates to: why give lots of loans for foreign entities but not domestic? Give credit to domestic.

    This guy should be in charge of the CB. He seems to know what is going on.
    "If we are going to lend money to the Western economy, as we did before (Russia is the donor of the world economic system, having lent more than a trillion dollars abroad),


    Hmmm ....... when did Russia lend 1 trillion dollar any idea ?

    Its total amount lended so all the lends put together. Could also be counted not only funds but equipment as well.

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