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    Russian Economy General News: #4

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    sepheronx
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    Re: Russian Economy General News: #4

    Post  sepheronx on Thu Apr 16, 2015 7:24 pm

    According to xe.com, rub closed at 50/usd. This is the real sweet spot. If they can keep it at this rate, they are gold. Already export to India of Russian steel is up because of lower ruble value. Well, that was when it was 60rub/usd but I imagone it is still the same due to higher production rates and vast amount of companies making them.  They could possibly lower the cost of products more as well and take a smaller profit margine to increase export.

    Other issue is now Russia is making less rubles than before with the drop in oil price. Roughly brent at $60bbl, and if 1,000,000 barrels are sold in a day, Russia is making 30,000,000,000 at 50rub/usd when prior it would be 34,000,000,000 when it was $100bbl at 34rub/usd. So Russia is losing 4billion rubles per day in that calc. Hence why the stronger ruble is more damaging.

    Austin
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    Re: Russian Economy General News: #4

    Post  Austin on Thu Apr 16, 2015 8:18 pm

    Central Bank: Banks and companies in 2016 paid $ 85.2 billion of foreign debts

    http://ria.ru/economy/20150416/1059051822.html

    According to the Central Bank, in 2015 and 2016 Russia must repay 227.7 billion dollars of foreign debts.


    MOSCOW, April 16 - RIA Novosti / Prime. Russian banks, companies and federal authorities in 2016 must repay 85.2 billion dollars of foreign debts, including 67.1 billion of principal and about $ 18 billion per cent, follows from statistics published on the website of the Bank of Russia.

    According to the Central Bank, in 2015 and 2016 the Russian Federation must repay 227.7 billion dollars of foreign debts.

    Payments in 2016


    In 2016, domestic banks have to pay 16.823 billion principal and 4.925 billion dollars in interest payments. Russian companies will have to pay 48.14 billion and 10.628 billion respectively.

    Payment of general government external debt in 2016 in the aggregate amount to 4.663 billion dollars.

    This year

    This year, the Russian banks and companies have to pay 142.5 billion dollars of foreign debts, including 119.75 billion dollars of principal and interest 22.74 billion.

    Domestic banks have to pay 40.4 billion dollars of principal and 6.54 billion dollars in interest payments. Russian companies will have to pay 77.2 billion dollars and 13.6 billion dollars respectively.

    Payment of general government external debt in 2015 in the aggregate amount to 4.76 billion dollars. The Central Bank principal payments in the current year are not available, and as a percent of the regulator will have to pay just $ 4 million.

    The maximum amount of foreign debt payments in 2016 will be in the second and fourth quarters. The peak of payments on debts already passed: According to the Central Bank, in December last year, Russian debtors to pay out a total of 32.912 billion dollars, and the total payments in the fourth quarter of 2014 amounted to 67.239 billion dollars.

    As of January 1, 2015 the foreign debt Russian counterparts on an "on demand" was 33.136 billion dollars. Payment schedule has not been defined in relation to 28.531 billion dollars in debt, and the debt in the amount of 17.904 billion chart absent. In the latter category includes outstanding debt, preferred shares owned by non-residents and other non-repayment schedules.

    Viktor
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    Re: Russian Economy General News: #4

    Post  Viktor on Thu Apr 16, 2015 8:42 pm

    Nice thumbsup

    IKEA Views Russia as Promising Market, Plans to Invest 2 Billion Euros

    Vann7
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    Re: Russian Economy General News: #4

    Post  Vann7 on Fri Apr 17, 2015 2:51 am



    Not sure if this was posted before.. but it a must read.. for people who don't.

    Study on Russian economy. Diversfication, Modernization and the Role of the State in Russia’s economy (from 2000 to 2014)



    The study reveals a range of impressive indicators on the development of the economy between 2000 and 2013 and the health of the Russian economy:

    -The share of natural resources rents in GDP (oil, gas, coal, mineral, and forest rents) more than halved between 2000 to 2012 from 44.5% to 18.7%. The actual share of oil and gas was 16%.

    -Russian industrial production has grown more than 50% while having undergone a total modernization at the same time.

    -Production of food has grown by 100% in 2000 – 2013.

    -Production of cars has more than doubled at the same time that all the production has been totally remodeled.

    -Russian exports have grown by almost 400%, outdoing all major Western countries.

    -Growth of exports of non-oil & gas goods has been 250%.

    -Russia’s export growth has more than doubled compared with the competing Western powers.

    -Oil & gas does not count for over 50% of state revenues as has been claimed, but only 27.4%.

    -Top revenue source is instead payroll taxes.

    -Russia’s total tax rate at 29.5% is among lowest of developed countries, non-oil & gas total tax rate is half that of the Western countries.

    -Russia’s GDP has grown more than tenfold from 1999 to 2012.

    -Public sector share of employment in Russia is not high in comparison with developed economies. State officials make up 17.7% of Russia’s total work force, which situates it in the middle of the pack with global economies.

    -Russia’s labor productivity is not 40% of the Western standards as is frequently claimed, but rather about 80%.

    -Far from “relying” on oil & gas, the Russian government is engaged in massive investments in all sectors of the economy, biggest investments going to aviation, shipbuilding, and manufacturing of high-value machinery and technological equipment.

    We strongly believe that everyone benefits from knowing the true state of Russia’s economy, its real track record over the past decade, and its true potential. Having knowledge of the actual state of affairs is equally useful for the friends and foes of Russia, for investors, for the Russian population – and indeed for its government, which has not been very vocal in telling about the real progress. I think there is a great need for accurate data on Russia, especially among the leaders of its geopolitical foes. Correct data will help investors to make a profit.



    This contradict the arguments of some ,who visit the forums and only see
    "Russia Government Corruption" ,"Russia agression" ,"Russia poor quality of life" and
    everything so negative in Russia and completely the opposite when it comes to the west.


    zg18
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    Re: Russian Economy General News: #4

    Post  zg18 on Fri Apr 17, 2015 4:12 am

    Pipeline to China ("Power of Siberia") is being built quietly, images from Yakutia:



    http://ysia.ru/news/33997/v_lenskom_rajone_yakutii_stroitsya_gazoprovod_sila_sibiri_.html

    russia

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    Re: Russian Economy General News: #4

    Post  Cyberspec on Fri Apr 17, 2015 8:07 am

    In regards to the EU "diversifying" it's energy supplies....I say make my day.

    More expensive energy = reduction in competitivness = speeding up of the EU's increasing economic irrelevance in the bigger scheme of things.

    It's all their own doing too

    Viktor
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    Re: Russian Economy General News: #4

    Post  Viktor on Fri Apr 17, 2015 8:09 am

    Nice thumbsup

    BRICS Bank Must Be Launched Before July 9, Russian Finance Minister Says

    sepheronx
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    Re: Russian Economy General News: #4

    Post  sepheronx on Fri Apr 17, 2015 7:31 pm

    http://sputniknews.com/business/20150417/1021036159.html

    lol, S&P I guess isn't getting the memo everyone is. While Russia is best performing in stocks and currency, they still keep the telling about negative outlook. Guess they want to ruin their own investors.

    Viktor
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    Re: Russian Economy General News: #4

    Post  Viktor on Fri Apr 17, 2015 8:23 pm

    Import substitution in electronics and machining


    link

    Viktor
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    Re: Russian Economy General News: #4

    Post  Viktor on Fri Apr 17, 2015 9:10 pm

    Despite sanctions and political pressure Russia still maintaines low unemployment  thumbsup

    Rosstat: the number of unemployed in Russia grew to 4.5 million

    and one big lol at all western  fags

    BRICS Development Bank won’t rival China-led AIIB, but complement – CBR head

    and nice one

    In the Crimean vineyards invest one billion rubles

    and another one

    "Mail of Russia" will create an analog eBay

    kvs
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    Re: Russian Economy General News: #4

    Post  kvs on Sat Apr 18, 2015 2:30 am

    Viktor wrote:Import substitution in electronics and machining


    link

    This is actually a very big deal. There will be a real effort to stimulate domestic IC production. Up to now imports have suppressed
    the development of the microelectronics industry in Russia. Russia actually has the capability to produce even 65 nm parts using
    domestically produced lithographic equipment. Now money will pour into this sector and push it to a new level.

    It's the same old story. If you don't protect domestic industry and let it develop then it will be replaced by imports.
    Free trade only makes sense between large economies at similar development levels. And anyway, free trade is a myth
    like the free market. There are too many dirty tricks and collusion in the real economy of the world driven by power politics
    and market protection rackets for any naive open economic policy.

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    Re: Russian Economy General News: #4

    Post  Viktor on Sat Apr 18, 2015 1:05 pm

    Russia Pakistan seal new energy project worth 2bin $


    link

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    Re: Russian Economy General News: #4

    Post  Viktor on Sat Apr 18, 2015 7:24 pm

    Nice thumbsup

    Russia’s federal budget to spend $2.2 billion on Crimea’s modernization in 2015

    United Shipbuilding Corp. to invest $136 million in Sevastopol Shipyard upgrade

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    Re: Russian Economy General News: #4

    Post  Viktor on Sat Apr 18, 2015 7:40 pm

    Nice thumbsup

    Russian PM Medvedev Green-Lights Construction of Bridge to China

    Austin
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    Re: Russian Economy General News: #4

    Post  Austin on Sat Apr 18, 2015 9:01 pm

    Good Read by Paul B. Farrell,

    'American Exceptionalism' gut-punched in zero-growth world

    ExBeobachter1987
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    Re: Russian Economy General News: #4

    Post  ExBeobachter1987 on Sat Apr 18, 2015 10:42 pm

    TR1 wrote:
    flamming_python wrote:
    TR1 wrote:Do I really need to keep repeating myself?

    It is a huge part of the gov BUDGET.
    That is why with the price of oil dropping the budget had huge holes that needed to be filled. The revenue from natural resource export is what the gov used to fund many of its lavish programs.

    Thank you, I am well aware Russia has industry.

    Now now TR1, you may well be aware that Russia has industry - but you are being dishonest.

    Putin's government (and Medvedev's) has done much for the diversification of the Russian economy.

    - The huge expansion of the automotive industry, including the cash for clunkers program, all the government efforts to encourage foreign automakers to increase the levels of localized parts and the establishment of incentives for doing so.
    - The wood-processing industry and the government efforts in that regard, including slapping duties on exported raw timber; as a result many Finnish and Chinese wood-processing companies have invested in production facilities in Russia
    - The constant high-level efforts at a government level to sell arms abroad; the defense industry feeds how many companies in Russia? Similarly, the government's modernization of the Russian military and the stricter standards towards Russian defense companies; this has contributed to the development of this economical sector too. Lately, defense enterprises have started to be merged into larger corprations by the state; time will tell how that will turn out but there are grounds for optimism.
    - Ditto with nuclear power plant construction, and to a lesser extent hydroelectric power-plants; both of them are pushed at a state-to-state level by the Russian government, and many successes in securing contracts have been noted in recent years. Domestic investment into new power plants of all types is also tied in with government programs; many NPPs are being built around the country; thermal, hydro-electric, even solar power plants too.
    - Government-led investment into Russian infastructure. New railroads, new ports, renovations and expansion of airports, construction and reconstruction of highways, bridges and ring-roads around the country and many of its major cities. The new space-port at Vostochny. Railroad construction is also being pushed being pushed as an export at the state level by the Russian government; several contracts have been secured.
    - Government efforts at encouraging tourism, reforming Rosturizm, publiscing the country at exhibitions, the massive investments into Sochi and the focus on investment into sport infastructure for international events, the new F1 track, the large amount of visa-free regimes signed with countries world-wide and further government interest in this issue. All of this has been done through government money and programs.
    - Investment into high-tech, the widespread campaign at encouraging investment into nano-technology; the setting up of the Rosnano investment conglomerate, the Skolkovo institute and other government and regional technoparks and business incubators for tech start-ups.
    - The state investment into the Northern Sea Route, renewal of ports along its route and supporting infastructure, construction of a fleet of new icebreakers to keep the route open, investment into new miltiary garrisons along the Arctic, state-support at the highest levels, directed at encouraging other countries to start making use of it.
    - Government reform of the higher-education system, the unification of various existing and newly built instututes and facilities into a series of federal universities, one for each district of the country. Setting up of the Skolkovo Management school too. Focus on establishing partnerships with foreign institutes.
    - Government investment into farmers and agriculture, many supporting programs for purchasing farm equipment and land. The recent counter-sanctions have eliminated much of the competition for Russian farmers. The government has also established direct contacts with many of the large multinationals involved in investing in Russia food & beverage production; Coca Cola and so on; giving them support and whatever they need.
    - Attempts to improve business conditions, Russia has been steadily climbing up the rankings in recent years. Loads of initiatives and support programs in regards to small and medium-sized businesses. Various beaurocratic reforms.

    It's all I can think of now but there's plenty more than that.

    Python, this post is absurdly rose tinted and gives credit to the gov where it deserves very little.

    I am busy right now, but I will respond to specific points later tonight/tomorrow.


    Where is the rebuttal?

    AlfaT8
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    Re: Russian Economy General News: #4

    Post  AlfaT8 on Sat Apr 18, 2015 11:28 pm

    Austin wrote:Good Read by Paul B. Farrell,

    'American Exceptionalism' gut-punched in zero-growth world

    Austin, i like reading about the dyer economic situation of the U.S as much as the next guy, but according to this article they're not trying to predict the U.S economics prospect in the next few decades, but next century (~2100). Suspect

    That said, they did a good job of clarifying the current situation.

    Vann7
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    Re: Russian Economy General News: #4

    Post  Vann7 on Sat Apr 18, 2015 11:36 pm

    Viktor wrote:Nice  thumbsup

    BRICS Bank Must Be Launched Before July 9, Russian Finance Minister Says


    I honestly do not see any future in the BRICS institution to ever counter US dollar and american
    financial institution. You only have to see the kind of third world nation that is South africa ,even with all the progress they have made. People fighting with knives on day light on the streets ,for migrants.. is just remembered me how the Rwanda civil war began.. images of their very brutal ethnic cleansing. about half a million people killed by machete.  Shocked
    Makes to look Obama Alqaeda and Obama Isil to look like moderates indeed.

    South AFrica..
    http://actualidad.rt.com/actualidad/172412-violencia-xenofoba-sudafrica-apartheid-video

    Perhaps is the lack of experience , in capitalism.. but Russia needs to understand for once ,the image is everything in business. Is like Politics.. If your business get a negative image ,looks
    weak , unstable ,it will create doubts on being taken seriously.    

    THen you have brazil public unrest with the world largest
    streets protest ever seen in the planet with millions on the streets across many cities..
    Their president Dilma who signed the brics will not stand a chance to be re-elected ,neither its
    party and only a right wing Pro USA . with their disaster hosting of the olympics . IF it cannot
    host right an olympics ,how can any one be convinced they can become a world financial institution?

    So what with end?  from BRICS.. we end with  RIC.. that is Russia ,India and China..
    India with its poverty is not the most optimal image , but at least their nation is stable ,and their economy is growing at a rapid pace , so there is a chance there at least..  China for sure
    have done amazing advances to improve its image because of its very strong economy and how they invest back on the country ,getting rid of its poverty and there is a space power.. have their own Credit agencies and international banks ,so definitively China is the soul of BRICS..

    But not even China see BRICS as something with future.. and have chosen to start another alternative financial institution that will compete with BRICS..  Laughing

    What happens when China start an Asian development bank.. on its own without the questionable other economies? and or questionable stability image.. as is the case of South Africa and Brazil?

    57 Nations join on it.. and including NATO countries.. with the protest of USA.
    Why none of them showed interest in BRICS?  Wink

    the success have to do with the way it is presented.. as an Asian bank.. not as an
    X ,Y ,Z nation bank.  

    There are other things for sure.. perhaps BRICS wants to avoid using US dollar ,which is a major
    no no to recruit western capitalism on the organization.. but still i do not see a major chance
    for brics to ever replace anything other than being an organization for trading more easily in their nation currencies.

    Russia looking to create a space collaboration with BRICS is neither going to work..
    Trying to create an alliance of anything with so much different cultures that do not adapt to others is doomed to fail..

    Russia will have a better chance ,joining forces with Christian South America development Bank of UNASUR and with China.. CHina even though its culture is very different ,they have an special
    ability to adapt with nation . Chinese are very social and imitate everything they like..not very original ,but they learn fast.

    So what we end?  From BRICS , we end with RussiaCHina + UNASUR bank  that is something like   EastNasur Bank.   Very Happy ..that will be the alliance of South America and Biggest Assian economies. The major Difference here will be how it is presented the organization.. Much Bigger ,and much stronger and vast majority of the nations compatible
    with each other. But as it stand now.. it rely to much in individual nations that are doomed to fail , in revolutions like Brazil or south africa..  hardly will stay in BRICS ..it will be a miracle if Dilma not removed in a major protest.. The following pro USA president will shut down its member ship in BRICS in no time.. but if the BANK includes all South America as a continent then things change. And south Africa .. will not be surprising if become invaded by CIA ISIL and becomes another Lybia.



    Cyberspec
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    Re: Russian Economy General News: #4

    Post  Cyberspec on Sun Apr 19, 2015 1:39 am

    You living in a fantasy Vann....the BRICS bank (and the others you mention) wouldn't exist if the current system wasn't broke.

    Anemic growth for years now, real wages stagnating for decades....nothing flashy about that and no amount of credit creation out of thin air can prevent the tectonic shift that's happening.

    ...

    Austin wrote:Good Read by Paul B. Farrell,

    'American Exceptionalism' gut-punched in zero-growth world

    Thanks...ties in with the above

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    Re: Russian Economy General News: #4

    Post  collegeboy16 on Sun Apr 19, 2015 6:07 am

    Cyberspec wrote:You living in a fantasy Vann....the BRICS bank (and the others you mention) wouldn't exist if the current system wasn't broke.
    maybe his surname is Fanel- King of Fanelia, a Kingdom on Gaea Laughing

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    Re: Russian Economy General News: #4

    Post  Vann7 on Sun Apr 19, 2015 6:20 pm

    Cyberspec wrote:You living in a fantasy Vann....the BRICS bank (and the others you mention) wouldn't exist if the current system wasn't broke.

    Anemic growth for years now, real wages stagnating for decades....nothing flashy about that and no amount of credit creation out of thin air can prevent the tectonic shift that's happening.

    ...

    Austin wrote:Good Read by Paul B. Farrell,

    'American Exceptionalism' gut-punched in zero-growth world

    Thanks...ties in with the above

    Image and trust is everything in Business.. Ask anyone with a successful business if they could maintain its success if they had no good image or trust?

    How can brazil add trust ,to an alternative bank to IMF.. if they are showing signs of a major
    revolution to happen any time soon? and with millions on the streets?

    How can South AFrica provide trust to anyone interested in BRICS if the nation is experiencing
    ethic wars ?

    Why China after having BRICS decide to start and Asian bank ,that will compete with BRICS?

    It shows for me. .not even CHINA is confident in BRICS.. and decided to start something different ,to secure a place on the international financial system. BRICS will not impress much
    anyone if civil wars ,happens in near half of the countries members. TO become a competition to IMF ,you need much more than money. Image is also important and being seen as a stable
    institution.. Brazil is not stable.. far from it.. neither south Africa.

    Austin
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    Re: Russian Economy General News: #4

    Post  Austin on Sun Apr 19, 2015 6:40 pm

    Enter the Dragon and the Bear: US Faces Its Ultimate Nightmare – Eric Kraus

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sun Apr 19, 2015 6:45 pm

    I partially agree eith you Vann. Brazil and S.Africa are not one would call stable but having both of them does give leverage.

    What I see China doing is much like a big business does. One large company that has multiple small companies who do the same thing. Reason for this is to have large control of the market while giving a false perseption of variety. What I am getting at is I think China is going to flood the capital market by setting up all these banks and having a lot of control in them, getting a lot of people tied into them, and thus having a lot of leverage over them.

    Examples of overlapping are BRICS, SCO and AIIB. BRICS will cater to these specific groups who could increase membership in the future (Argentina) and all put in certain % each to help as a cover investment to any country in need of it, but only in desperate need. So all other members money acts as an investment. AIIB is that on a grander scale (open to all while BRICS acts as like a secret club).

    But I agree. There needs to be some form of good image to it and South Africa isnt it. S.Africa economy is controlled by the whites and they are a small % and are fleeing the country more and more. So their growth could go the complete other way unless they can learn to actually live with each other. But I cannot blame them on their anger of the Zimbabwian people who do get smuggled into the country in droves.

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    Re: Russian Economy General News: #4

    Post  kvs on Sun Apr 19, 2015 7:24 pm

    Austin wrote:Enter the Dragon and the Bear: US Faces Its Ultimate Nightmare – Eric Kraus

    The expert elaborated that in 1945 the United States alone accounted for slightly more than 50 percent of global GDP.

    This is utter BS. The US had a GDP much smaller than Russia 1905. So in 40 years it grew to be half the GDP of the world? This on top
    of the Great Depression of the 1930s that saw US GDP fall by 25%. Total, unmitigated nonsense of a claim. It looks like some
    clown discounted the USSR to zero since it was not a market economy and transferred the whole of the British Empire GDP to be
    that of US domestic GDP. attack


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    Re: Russian Economy General News: #4

    Post  Hannibal Barca on Sun Apr 19, 2015 7:42 pm

    But this is pretty much what happened.

    Sponsored content

    Re: Russian Economy General News: #4

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