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    Russian Economy General News: #6

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    max steel
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    Re: Russian Economy General News: #6

    Post  max steel on Thu Sep 17, 2015 7:00 pm

    @NEUTRALITY

    Russia Begins to Buckle Under Sanctions Pressure

    Low energy prices and economic sanctions are taking their toll on the Russian economy, so much so that the Kremlin is putting sanctions relief at the forefront of next year's policy agenda. The Western sanctions are in large part designed to affect the Russian economy down the road — for example, energy sanctions target long-term development projects like Arctic oil and gas deposits. But Russia is getting to the point where delays in key projects, along with financing constraints on Russian companies and Western firms doing business in Russia, could cause irreparable harm to the economy in the not-too-distant future. In addition, there are increasing signs that the global economy is about to enter a downturn and that oil prices, which have dropped by more than half since the Ukraine crisis began, will remain low for the foreseeable future and possibly go lower.

    Simply put, Russia is starting to realize it cannot weather the sanctions much longer, particularly because the next five years will already be a difficult time for the Russian economy.

    What is a Geopolitical Diary?
    The sanctions have delayed long- and medium-term projects. On Sept. 15, an Energy Ministry official noted that the ministry does not expect drilling to return to the Arctic Sea until 2020 at the earliest. ExxonMobil and Rosneft began drilling in the Kara Sea last August, but the United States ratcheted up sanctions the following month, forcing ExxonMobil to pull out of the project entirely. Pushing back the development timetable by six years likely means that the first oil from the project will not come online until the second half of the 2020s, if not later, instead of during the crucial 2020-2025 period. Moreover, sanctions somewhat inhibit access to technology for shale oil and gas development. As many of Western Siberia's Soviet-era fields decline, Russia needs reinvestment, redevelopment and the discovery of new resources just to maintain its current production levels.

    Limits on financing have also affected several key medium-term projects. Novatek's Yamal liquefied natural gas facility has been barred from using long-term dollar-denominated loans. Thus, the project stakeholders — Novatek (60 percent), Total (20 percent) and China National Petroleum Corp., or CNPC (20 percent) — have had to turn to more Chinese financing than they had originally intended. Novatek finally agreed to sell a 9.9 percent stake to the China Silk Road Fund on Sept. 3 during Russian President Vladimir Putin's visit to China. But as China's own economy has slowed, Beijing has been more stringent in its overseas investment strategy, thus limiting Russia's ability to turn away from the West and toward China to offset sanctions blowback. Gazprom's 2014 deal with CNPC on natural gas supplies through the Power of Siberia pipeline has also been difficult to move forward because of China's hesitance to prepay for gas; Gazprom needed the prepayment funds to help finance the construction of the project.

    Sanctions are also affecting the Russian financial system. By no means were sanctions the only cause of the Russian ruble's decline and the Russian banking sector's difficulties, but they add enormous weight to what was already a major burden from low energy prices. Because oil prices are largely out of Russia's — or anyone's — control, Moscow must do what it can. In theory, a country with ample financial reserves could use them to offset the decline in government revenue stemming from lower oil prices, as Saudi Arabia and other major oil producers have. But the uncertainty about the duration of sanctions on the Russian financial system has made the Kremlin a miser, holding on to its reserves in case Russia's economic situation grows even bleaker in the future. Therefore, Moscow will likely scale back some of its long-term development plans, such as its military modernization or massive energy projects such as Turkish Stream, Nord Stream II and the Power of Siberia pipeline.

    Russia has limited ability to respond to Western sanctions in kind. Russia's counter-sanction options are either very drastic, such as energy cuts to Europe, or very small, such as embargoes on European fruit. They offer no sense of proportionality in response and thus have been ineffectual. Now Russia is trying to create circumstances in which sanctions could be removed, relaxed or suspended, even if that turns out to be a slow process.

    In Ukraine, a cease-fire between Ukrainian forces and Russian-backed separatists has held relatively well for the past two weeks, and last week's meetings between the foreign ministers of Russia, Ukraine, Germany and France indicate that officials will soon reach a deal to withdraw heavy weapons from Ukraine. The next important date in the negotiations on Ukraine is Oct. 2, when Normandy format talks between Putin, Ukrainian President Petro Poroshenko, German Chancellor Angela Merkel and French President Francois Hollande will be held (though the leaders instead may meet early, during the U.N. General Assembly next week). France — and to a certain extent, Germany — has begun considering the eventual easing of sanctions on Russia, though nothing is imminent. Russia is laying the groundwork to appease the two most important EU heads of state in hopes that if the Europeans ease sanctions the United States may do likewise.

    At the same time, Russia is becoming even more involved in Syria. Although propping up Bashar al Assad and prolonging his government's resistance to rebel movements seems counter to Western interests, it actually supports U.S. and EU positions to a degree, because Russia's support gives Syrian government forces more resources to fight the Islamic State. But Moscow is also trying to bolster its position in the Syrian crisis to potentially gain leverage with the United States. Moscow has few bargaining chips with Washington, but Syria may be enough to bring the United States to the table.

    Although discussions between Russia and the United States — whether about Ukraine, Syria or sanctions — have largely broken down, U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov are still communicating. Over the past two weeks, Russian officials have said daily that Putin is interested in a meeting with U.S. President Barack Obama but that the Americans are sending mixed messages. This week the White House said Obama would speak with Putin only "when it would advance our (the United States') interests."

    However, Moscow is thinking of its own interest, namely, negotiating with the United States for an eventual easing of the sanctions. Next week's U.N. General Assembly in New York could indicate how open the United States is to moving quickly on a dialogue with Russia. Kerry and Lavrov are set to meet, but the big question is whether the Russians can convince Obama to sit down with Putin.

    Moscow's key objective for 2016 and 2017 is getting relief from the sanctions, and it will use whatever it can — Ukraine and Syria included — to present itself as a willing partner. Theoretically, the European Union could remove some restrictions as early as January, when EU sanctions are set to expire. Russia now aims for the removal of U.S. sanctions sometime in the next two years.

    Even with Moscow intent on sanctions removal, it will not completely bend to Washington's demands. Russia must maintain its influence in Ukraine's eastern region and rebuff NATO's attempts to contain Russia. The sanctions are finally starting to bite Russia, and Moscow is trying to use its limited tools to find some relief where it can, but there are still some concessions Russia will not make.



    russians can tell better about Russia's Economy . An italian muscovite said : "Declining living standards, weaker economic growth, persistent ruble exchange rate volatility, and higher inflation are not treated by the authorities as serious problems. Any criticism is rejected out of hand; negative forecasts are viewed as tantamount to acts of sabotage. Further deterioration of economic indicators will presumably be presented as part of the new norm as well—this way, the authorities can both convince themselves and deceive the public. In turn, the public is adapting and getting used to making do with less and less.." Russian economy in 2015 is in big recession with a contraction of -4 in GDP.

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Thu Sep 17, 2015 7:08 pm

    Dunno where you got thag shit article from but Russias position hasnt changed. And low oil prices and exchange rates are not their problem. Their problem is complete gross incompetence of their central bank and their economists. Pure and simple.  3.9% drop is nothing as Russia faced worst in 2009, but majority of this could have been averted.

    Funny how the articles statement changes 180 in same article. First they are buckling, then they state how Russias positions keep going against US interests.

    Holy hell, I can write better articles than that. Slow down development of power of siberia pipekine? Umm, under this whole thing, they are more likely to speed it up to obtain more money. Same eith turk stream. Rest are usually their own investments.

    Fuck me, that article was written by retards.


    Last edited by sepheronx on Thu Sep 17, 2015 7:13 pm; edited 1 time in total

    magnumcromagnon
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    Re: Russian Economy General News: #6

    Post  magnumcromagnon on Thu Sep 17, 2015 7:13 pm

    sepheronx wrote:Dunno where you got thag shit article from but Russias position hasnt changed. And low oil prices and exchange rates are not their problem. Their problem is complete gross incompetence of their central bank and their economists. Pure and simple.  3.9% drop is nothing as Russia faced worst in 2009, but majority of this could have been averted.

    Funny how the articles statement changes 180 in same article. First they are buckling, then they state how Russias positions keep going against US interests.

    Holy hell, I can write better articles than that.

    ZOMG the Russians are buckling from low oil prices....



    ....Meanwhile Gazprom is making record profits... Rolling Eyes

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Thu Sep 17, 2015 7:15 pm

    magnumcromagnon wrote:
    sepheronx wrote:Dunno where you got thag shit article from but Russias position hasnt changed. And low oil prices and exchange rates are not their problem. Their problem is complete gross incompetence of their central bank and their economists. Pure and simple.  3.9% drop is nothing as Russia faced worst in 2009, but majority of this could have been averted.

    Funny how the articles statement changes 180 in same article. First they are buckling, then they state how Russias positions keep going against US interests.

    Holy hell, I can write better articles than that.

    ZOMG the Russians are buckling from low oil prices....



    ....Meanwhile Gazprom is making record profits... Rolling Eyes

    So has Rosneft.

    I wonder what their theoretically reasoning is for slowing production of power of siberia pipeline during these tougher times? Agreement was made and signed, they have to build it as both sides have already started.

    Neutrality
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    Re: Russian Economy General News: #6

    Post  Neutrality on Thu Sep 17, 2015 7:23 pm

    sepheronx wrote:Dunno where you got thag shit article from but Russias position hasnt changed. And low oil prices and exchange rates are not their problem. Their problem is complete gross incompetence of their central bank and their economists. Pure and simple.  3.9% drop is nothing as Russia faced worst in 2009, but majority of this could have been averted.

    Funny how the articles statement changes 180 in same article. First they are buckling, then they state how Russias positions keep going against US interests.

    Holy hell, I can write better articles than that.  Slow down development of power of siberia pipekine? Umm, under this whole thing, they are more likely to speed it up to obtain more money. Same eith turk stream.  Rest are usually their own investments.

    Fuck me, that article was written by retards.

    Yeah I simply assumed that it's Startfor, a company with reputation, so they'd write something worthwhile. There's another article on Russian statelets and Syria's situation. They do mention some interesting thoughts about Moscow trying to establish a de-facto Alawite state within Syria, hence the military build up.

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    Re: Russian Economy General News: #6

    Post  max steel on Thu Sep 17, 2015 7:43 pm

    Neutrality asked for that stratfor article . I replied back but he deleted his comment by then.

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    Re: Russian Economy General News: #6

    Post  par far on Thu Sep 17, 2015 7:56 pm

    Nikander wrote:CBR is not working for Russia, it's a private bank and  they couldn't care less about Russia. They are working for the globalist project and are taking their orders from IMF, FED or who the hell knows but certainly not from Putin. Putin didn't mind being part of this project but wanted Russia to be respected as a great power but was rejected. He was rejected for simple reason: Russia is simply too big, too rich, too influential and potentially to powerful to be part of the club. If they give Putin what he wants at any point Russia could become so strong to destroy all the globalist plans, because those plans are not accepted in Russian society even if Putin accepted them at one point. So what we have now is that Putin knows that the globalists want to destroy Russia and kill him, but he has surrounded himself by those same globalist by his own will because he was one of them for much of his rule. So it's a tricky situation for him: he will need to act but is fearful of the moment because when that moment arrives it will really have to be a major purge and not an arrest or two. First thing he will have to do is take control of CBR so to have the bank work in the interest of Russia. Nabiullina is praised allright, but by who? West praises her just like they praised Kudrin the so called "best finance minister of the world" or Yeltsin "the greatest democrat of the world" and Gorbachev "the great moron of the world". Funny how they always praise those who are destroying Russia. So praise by the west always mean "you are doing a great job destroying Russia, keep up the good work!"


    This is a very good post and that is why Russia should kill those 5th column CBR scum off quietly and take over its banks. I don' trust this Nabiullina bitch.

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    Re: Russian Economy General News: #6

    Post  Viktor on Thu Sep 17, 2015 8:22 pm

    Nice thumbsup

    Finance Ministry: Russia's foreign debt decreased to $ 500 billion


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    Re: Russian Economy General News: #6

    Post  Vann7 on Thu Sep 17, 2015 8:23 pm

    Russia central bank is not private , that is a myth.. is a semi private ,semi goverment bank.
    The Central bank needs to give Half of its profits to the Russian Government.. no Bank can be
    called private if needs to give its profits ,half of them to Russia.. There is much more information
    people needs to know to judge the central bank of Russia... ie.. Russia government decisions can be influenced by a war they projecting could start..or by US federal reserve interest rate increase.

    All the so called Russian "experts"asking for the shot of nabiullina or kicking of her ,or nationalization of central bank.,for not starting heavy controls in the RUble and defending
    the Ruble value were terrible wrong. Why Russia needs the ruble to be very strong? that doesn't
    promote investments.. Notice how CHina lowered the value of their currency ,to become more competitive and attract more investors.

    The RUssian agriculture industry is a major success. and their import substitution of western technology ,i can't see how it will not be implemented. A strong ruble is only good to have Russian Billionaires taking away their money to the west and to encourage buying foreign products and not domestic ones. a weaker ruble will encourage a lot of investments in Russia Tourism and the creation of production plants in Russia because will be very cheap . I read somewhere that India was buying Russia steel and not buying their own because was more cheap the RUssian one. in just 20 years.. the estimates of China and Europe is that the demand for oil with duplicate or more.. So i dont see how Russia can fail in the long run..if they have real products to sell ,that every industry needs. central bank decisions we do not have all the facts to know if what they doing is right or wrong. Only the Russia economic Minister understand their strategy and counter strategy for what they believe will happen in US banks..

    For example..
    it could be possible.. that American elites.. are trying to commit a controlled demolition of their
    economy , like they did in 9/11 with the WTC ,that it collapsed but in a controlled way.. To bring
    down the entire world economy.. with the believe that they will be able to quickly recover their economy in 2-3 years .. (as they did in 2008) and Russia and China not.. So this could one possible reason for Russian central bank buying Dollars.

    It is my believe Russia strategy is to bring down US dominance in the world economy..
    but slowly.. not too fast.. Remember that China economy depends in US economy ,and what kind of Asian pivot Russia can do ,if China collapse?

    Its quite possible US is evaluating to committing to inflict damage on themselves ,auto attack
    as they did in 9/11.. with the believe that they will recover more faster than anyone else. This could potentially explain why Russia is now interesting in virtual currency and announced the creation of one controlled by Russia goverment. Perhaps they trying to have already setup
    a currency system working if the entire world economy collapse.


    Last edited by Vann7 on Thu Sep 17, 2015 8:39 pm; edited 1 time in total

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Thu Sep 17, 2015 8:36 pm

    We are not asking for rouble to be strong. We are saying the interest rates are way off, causing bankruptcies and lack of modernization.  Add to it, now econonic minister is cutting back on fixed asset investments.

    Central banks idea of the interest rates, investing in us T-Bonds and alike have cause great concern amongst many.  She hasnt helped the economy at all. Inflation being lowered has way more to do with ramp up of local goods increased sales, and new suppliers from other countries other than EU.  Inflation is barely increasing yet they didnt lower the interest rates.

    She has tied the rouble. She didnt free float it. She is adjusting interest rates by value of oil. She stated that they can lower the rates eventually cause oil is at $50bbl.  So she is helpibg the dependency on oil for the country.  She doesnt seem to realise she is one of the main reasons why Russia is going to find it hard to diversify the economy.  All is being relied upon government now doing that spending. But even the idiot economics minister whom I always hated ad mich as Kudrin announced he will cut back in fixed asset investments by 10%.  Fixed asset investments are things like tools, infrastructure, etc.  This is going to really, really really hurt Russia in the long term. As Russia will eventually have to spend way more in the future to fix these mistakes.

    Did you know during most crisis, the government would create more jobs by investing in fixed assets, more money? Yes. They would end up ramping up local production to reduce inflation in the country, they would order for new infrastructure and alike. Rhese methods saved economies. Instead, now, it is all about penny pinching, whcich actually causes a ripple effect (bad) than solves anything. Evidence is Greece.

    But because these idiots all come from the same higher school of economics, there is no stopping it. They are all taught the same stupid shit.

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    Re: Russian Economy General News: #6

    Post  PapaDragon on Thu Sep 17, 2015 8:40 pm

    Neutrality wrote:
    sepheronx wrote:.....................................................

    Fuck me, that article was written by retards.

    Yeah I simply assumed that it's Startfor, a company with reputation, so they'd write something worthwhile. There's another article on Russian statelets and Syria's situation. They do mention some interesting thoughts about Moscow trying to establish a de-facto Alawite state within Syria, hence the military build up.

    Buddy, I will be upvoting you as soon as I am able to. EDIT: Done +1 thumbsup

    People like to take a dump on CBR and Nabulina but they keep forgetting who was it that saved Russia's collective ass during largest financial warfare assault in recent (or even recorded?) history.

    Is situation perfect? Of course not, but nothing ever is. I see a lot of armchair generals, backseat drivers and Monday morning  quarterbacks being high and mighty here and mostly it is same folk who were seeing fifth column everywhere during various stages of Ukropistan crisis and advising assault on Lvov, finances be damned...

    And then it turned out that there weren't any traitors, just a complicated plan on behalf of Moscow and we were simply not allowed to see all the moving parts of that plan.

    I believe same applies here. These people have waaaaaay more information on this topic than anyone here.

    If you ask any government or individual out there if they want Russia to bite the bullet and try to create "brave new world" majority will say: YES!!!

    But if you ask them if they want to take a risk with Russia on that "brave new world" project they will reply: FVCK NO!!!! We will stick with dollar and good ole' US of A!!!

    I find it funny that any of you think that CBR does anything else but follow orders from the government. And do not forget who was it that gave Nabulina that job...

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    Re: Russian Economy General News: #6

    Post  Werewolf on Thu Sep 17, 2015 8:47 pm

    Vann7 wrote:Russia central bank is not private , that is a myth.. is a semi private ,semi goverment bank.
    The Central bank needs to give Half of its profits to the Russian Government.. no Bank can be
    called private if needs to give its profits ,half of them to Russia.. There is much more information
    people needs to know to judge the central bank of Russia... ie.. Russia government decisions can be influenced by a war they projecting could start..or by US federal reserve interest rate increase.

    All the so called Russian "experts"asking for the shot of nabiullina or kicking of her ,or nationalization of central bank.,for not starting heavy controls in the RUble and defending
    the Ruble value were terrible wrong. Why Russia needs the ruble to be very strong? that doesn't
    promote investments.. Notice how CHina lowered the value of their currency ,to become more competitive and attract more investors.

    The RUssian agriculture industry is a major success. and their import substitution of western technology ,i can't see how it will not be implemented. A strong ruble is only good to have Russian Billionaires taking away their money to the west and to encourage buying foreign products and not domestic ones. a weaker ruble will encourage a lot of investments in Russia Tourism and the creation of production plants in Russia because will be very cheap . I read somewhere that India was buying Russia steel and not buying their own because was more cheap the RUssian one. in just 20 years.. the estimates of China and Europe is that the demand for oil with duplicate or more.. So i dont see how Russia can fail in the long run..if they have real products to sell ,that every industry needs. central bank decisions we do not have all the facts to know if what they doing is right or wrong. Only the Russia economic Minister understand their strategy and counter strategy for what they believe will happen in US banks..

    For example..
    it could be possible.. that American elites.. are trying to commit a controlled demolition of their
    economy , like they did in 9/11 with the WTC ,that it collapsed but in a controlled way.. To bring
    down the entire world economy.. with the believe that they will be able to quickly recover their economy in 2-3 years .. (as they did in 2008) and Russia and China not..  So this could one possible reason for Russian central bank buying Dollars.  

    It is my believe Russia strategy is to bring down US dominance in the world economy..
    but slowly.. not too fast.. Remember that China economy depends in US economy ,and what kind of Asian pivot Russia can do ,if China collapse?

    Its quite possible US is evaluating to committing to inflict damage on themselves ,auto attack
    as they did in 9/11.. with the believe that they will recover more faster than anyone else. This could potentially explain why Russia is now interesting in virtual currency and announced the creation of one controlled by Russia goverment. Perhaps they trying to have already setup
    a currency system working if the entire world economy collapse.

    That is not a myth it is written in russian constitution after fall of Soviet Union. The CBR is not liable for Russian Federation and Russian Federation is not liable for CBR, that makes them entirely private central bank. Since Russian rubel is made for RF it is only obligated to print it, their policy of FOREX and policy in how strong or weak they make the rubel is in their hands not in RF government hands, which makes it a private bank controlling the currency. You should just remember what Amschel Bauer Rothschild said.

    Amchel Rothschild quote, "Give me control of a nation's money supply, and I care not who makes its laws."

    Central Banks must be seized by the government, do the employees of those private central banks and all private banks do not follow the state and countries needs, then they should be considered for what they are, foreign agents and face life sentence in jail for high treason against their own countries and especially against the population for the benefit of true and evil enemies like the US of A.

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    Re: Russian Economy General News: #6

    Post  max steel on Thu Sep 17, 2015 8:50 pm

    This article makes perfect sense. I don't pretend to know much about Canada , but I used to respect its traditions a lot, that very traditions that the neocon stooge, Harper, is undermining rather rapidly. Of all things, Canada should not become 51st US State. What do we have Poland and Israel for?


    Canada's Quiet Coup: How A CIA Off-Shoot Helped Install Stephen Harper As Canada's Prime Minister



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    Re: Russian Economy General News: #6

    Post  Vann7 on Thu Sep 17, 2015 9:13 pm

    We will see.. but i feel the same way ..when people were saying Putin sold Novorosiya.. because
    he did not allowed the Rebels to take mariupol. and he refused to annex them ,and allowed
    kiev to kill too much people with their shelling.. that putin betrayed Novorosiya for removing
    strelkov from the war zone..and for demanding Donetk and lugansk  to accept an autonomomy
    only and give up their independence plans..

    Almost everyone was calling putin a traitor.. but i knew he wasn't.. he have a too short vision when it comes to Russia future..but i knew a traitor he wasn't . and saw since the start that
    Minsk-2 was a brilliant treaty ,that could really end the conflict.. and now all the people that were calling Putin a traitor ,are in total silence.. you no longer hear about them.. Laughing  In short they now know they were wrong.

    So is the same now with the bank.. People forget that Putin hired Elvira Nabiullina to lead the Russian central bank in a completely  different environment of Kudrin.. ie.. that Russia had much more power and independence from the west and the economy was much stronger. So i really think he knew what he was doing.. it will be foolish for Putin to hire an enemy in such important critical position and later threaten the west with a currency war and alternative banking industry like BRICS..  if he didn't knew ,Russia government had any control over its own bank.  

    It will be like Cuba army  invasion on USA.. a totally stupid decision. You never go to a war
    that you know you can't win. and im 100% sure Putin knew what he was doing when elected
    Nabiullina to that position. And that Putin will have never challenged American Financial system
    with BRICS and by not using dollars in Asia ,if he knew their Central bank was under total control of the west.  The major crisis ,the test of fire for Russia economy and for the loyalty
    of the Russian Central bank was in December 2014.. when the ruble was at 90 under attack.. what happened later? the Ruble strengtened and without burning a fortune in Russian reserves .

    I really don't think there is a conspiracy with the Russian Central bank.. is a semi private bank,with semi Government control ,and this is the way it should be since it can attract investors from the west. Look for example at the Bank of IRAN. it is completely national bank.
    Government owned..and they are not exactly a major world economy.. but actually a poor nation.  I think is clear for me that Putin policy is one of Not self isolation ,and openess with the western financial system. To keep doors open with the west.. because that will allow the possibility to keep the doors open of diplomacy with them.



    A former economic advisor to Russian President Vladimir Putin, Elvira Nabiullina became the first woman to run the Central Bank of Russia in 2013. She was Russia's Minister of Economic Development and Trade in 2007-2012.


    It was working for Putin since 2007.. so i think by this time Putin should know whether she is
    trustable or not. I dont think he will have elected her again in 2013.. if he knew there was a risk. I think the actions of the central bank are part of an strategy they working. Keeping the
    interest rate high for example makes it more difficult for speculators to play Casino with Russian RUble value. So there can be reasons for that..  last i heard Nabiullina was suggesting might
    lower the interest rate end of year.. or early next.  Im not economist again.. but it looks to me
    that right now will be dangerous to lower interest rate.. very.. when Americans central Bank
    are going to change theirs..and the RUble already a too weak.. trading at ~65.. The last time for example the interest rate was lowered was when the ruble was a bit to high of where they wanted it.. Russia wants the Ruble at 55 per dollar.. and it was at 49.. when it was lowered the interest rate. So another reason for not touching interest rate is the weak ruble.. if they lower it for 2 points for example the interest rate from 11 to 9 ,it could go to 75 per dollar.. this is dangerous low.


    Last edited by Vann7 on Thu Sep 17, 2015 9:33 pm; edited 2 times in total

    PapaDragon
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    Re: Russian Economy General News: #6

    Post  PapaDragon on Thu Sep 17, 2015 9:24 pm


    Here is something to calm the atmosphere:

    Construction of "Power of Siberia" russia

    http://sdelanounas.ru/blogs/67877/


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    Re: Russian Economy General News: #6

    Post  Vann7 on Thu Sep 17, 2015 9:27 pm


    Keiser report Episode 811


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    Re: Russian Economy General News: #6

    Post  Werewolf on Thu Sep 17, 2015 9:29 pm

    Kudrin, Serdyukow and Abrahamovic worked all in putins career either as president or as advicer, he had enough time to know them and still this 5th columnists were in power or have made their deal with the west, so what is your excuse for that?

    Fact is 5th columnists of the upper families still dictate alot of who gets were in the kremlin and putin has not enough power to purge them all at once. He pardoned the subhuman Khordokovsky, he does not benefit from him, he is not in power, either he was maneuvered in position to release this subhuman out of jail due whatever measures and power the 5th columnists hold or he is kind of useful as a 5th columnist, organizing "protests" and other shady coup de etat work for the west.

    If i had any kind of power i already would have started a massive purge, no jail times, just executions block for CBR every single oligarch, everyone that speculates on resources especially food, all people like kudrins, navalny, nemzovs and all the rest of the liberal subhumans who openly recieve instructions from US ambessadors, every russian official or any russian duma member who ever set a food into the US embassy without knowledge, approval and good reason with no other option but to tell Fuck off the US filth ambassador, no other reason to get in their, not to mention close that shit and jail the ambassador for violation of russian constitution and sabotage acts by giving instructions to traitors.

    The west is very harsh on such subversive actions by any foreign government, while russia allows humane treatment of subhuman traitor scum that is working openly for the enemy, recieving and directing unrests by USAID funded NGO's against russians and entire russia and all slavic population.

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    Re: Russian Economy General News: #6

    Post  kvs on Thu Sep 17, 2015 9:37 pm

    The Russian 5th column is a joke and Putin knows it. He is toying with them like a cat with some small animal it has cornered. Having them
    sent to the martyr afterlife is not a good choice for Russia. Having these retards alive and spouting off about "bydlo" Russians is the perfect
    self-snookering.

    The CBR should be squeezed tighter, I agree. It is still pursuing monetarist voodoo but it also serves to maintain the psychological stability
    of Russian markets inside the global markets. Having Stalin-esque Draconian management of the economy would do a lot of damage. Russia
    was saddled with a market economy, so it needs to follow at least the critical rules. But I think it is doing an excellent job of steering domestic
    markets to serve state interests and not to act like a banana republic. Obama's yapping tells me that NATO was expecting Russia to respond
    to the sanctions like a banana republic, but the opposite happened.

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    Re: Russian Economy General News: #6

    Post  Vann7 on Thu Sep 17, 2015 9:40 pm

    Werewolf wrote:Kudrin, Serdyukow and Abrahamovic worked all in putins career either as president or as advicer, he had enough time to know them and still this 5th columnists were in power or have made their deal with the west, so what is your excuse for that?

    Fact is 5th columnists of the upper families still dictate alot of who gets were in the kremlin and putin has not enough power to purge them all at once. He pardoned the subhuman Khordokovsky, he does not benefit from him, he is not in power, either he was maneuvered in position to release this subhuman out of jail due whatever measures and power the 5th columnists hold or he is kind of useful as a 5th columnist, organizing "protests" and other shady coup de etat work for the west.

    If i had any kind of power i already would have started a massive purge, no jail times, just executions block for CBR every single oligarch, everyone that speculates on resources especially food, all people like kudrins, navalny, nemzovs and all the rest of the liberal subhumans who openly recieve instructions from US ambessadors, every russian official or any russian duma member who ever set a food into the US embassy without knowledge, approval and good reason with no other option but to tell Fuck off the US filth ambassador, no other reason to get in their, not to mention close that shit and jail the ambassador for violation of russian constitution and sabotage acts by giving instructions to traitors.

    The west is very harsh on such subversive actions by any foreign government, while russia allows humane treatment of subhuman traitor scum that is working openly for the enemy, recieving and directing unrests by USAID funded NGO's against russians and entire russia and all slavic population.

    like i said the times were different..
    when putin came to power , Liberals Jews Pro NATO ,pro US imperialism ,controlled Russia..
    they all flee to the west the most liberal ones. so he had to be as stealthy as possible to not be sacked from power in a counter coup..since they were too influential and powerful . He first tried to consolidate power first, gain people support ,gain popularity and later not after kick the liberals from power before showing its real face.. Its like sakers says. Putin at times wants to have closer their potential adversaries and not far.   but in 2013.. Russia was an entirely new nation, to the one in 2000.. ,about that time (2000) the price of Oil was at $20 per dollar.. the Russian economy 10% of the one they have now.. very weak Economy..and the oil companies in control of private hands.. So it was the wrong time to fight the powerful elite of liberals in Russia.. since 2013 Putin had more freedom to really do the things he wanted or most of it.
    and today ..the 5th column is literary a dinosaur ,it no longer have any power in Russia at least in politics.

    putin will have never be President of Russia or ever have a chance to be selected by
    yeltsin and the elite to lead Russia.. had they though he was patriotic.. he fooled the Russian neoliberal elite into thinking he was pro USA and one of them.. but Putin is pro (what is good for Russia) and nothing else. He took the money of the west with open arms but he had his plans
    to restore Russia posision in the world..and keep those plans hidden as much as possible..to not allow his enemies to regroup and remove him from power..

    Next question? Wink

    By the record im not a big fan of Putin.. he is a good president and patriotic.and even a master in diplomacy..  His only problems is his short vision.. he is patriotic but not really a visionary.. and do not like to take risks.  If Mevdeved was more patriotic ,then he could be much better president for sure than putin.  ,because the IT revolution if im not mistaken was started by Medvedev . Putin is more a dinosaur thinker who thinks can make Russia safer by developing
    better nukes and a larger navy.. He don't understand he could influence more the west by leading in technology in science and space than by building better nukes.

    for example.. if Intel and AMD was a Russian Company ,and had the monopoly in the semiconductor industry world wide.. it will have been totally impossible for Americans to sanction Russia without serious blow back to them on their business industry ,same with Microsoft if was a Russian company.. there is no competition to that... This is why
    the US congress and Pentagon do not sanction the Russia space program..

    Because they depend on it they need that technology.. and that have saved Russia space industry from sanctions.. but this is the only sector in Russia industry that enjoy that
    immunity. So Russia needs to become a NEED of the west in more sectors of their industy..and really innovating nation and create an industrial revolution.. so that they no longer could be sanctioned or any attemp to be isolated.. because the west will depend on Russia..
    and something amazing will happen ,and that is Russia will be accepted as equal and respected.
    for the first time.

    Developing technology that everyone love and nobody else have.. could give Russia  
    effectively the respect they want.. the immunity to economic warfare and sanctions. they need.
    and immunity to be isolated. But Mr Putin does not get it.. neither his advisors.. he goes increase its defense budget ,developing useless things..and at the same time reduce the budget on its space industry.. the only things that could effectively allow Russia to Lift the economic siege from the west and pacify their hostilities.... sight. No


    Last edited by Vann7 on Thu Sep 17, 2015 10:29 pm; edited 1 time in total

    Werewolf
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    Re: Russian Economy General News: #6

    Post  Werewolf on Thu Sep 17, 2015 10:27 pm

    kvs wrote:The Russian 5th column is a joke and Putin knows it.   He is toying with them like a cat with some small animal it has cornered.   Having them
    sent to the martyr afterlife is not a good choice for Russia.   Having these retards alive and spouting off about "bydlo" Russians is the perfect
    self-snookering.  

    The CBR should be squeezed tighter, I agree.  It is still pursuing monetarist voodoo but it also serves to maintain the psychological stability
    of Russian markets inside the global markets.   Having Stalin-esque Draconian management of the economy would do a lot of damage.   Russia
    was saddled with a market economy, so it needs to follow at least the critical rules.   But I think it is doing an excellent job of steering domestic
    markets to serve state interests and not to act like a banana republic.   Obama's yapping tells me that NATO was expecting Russia to respond
    to the sanctions like a banana republic, but the opposite happened.

    I am not talking about Stalin-esque economical management, even tho it worked for larger scale, i am talking about Stalin-esque purges of 5th columnists, they are a problem and a big one, burning resources and avoiding focus of the problems RF has to solve, by intervening and constant attempts of coup de etats is certainly a concern. Right now it is not a big concern, but who follows after Putin? Letting this scum do like they wish in the squalling position of the feces they consume, they may rize again if another yeltzin or even a shadow of yeltzin is ever elected or selected by the 5th columnist intervening and coup de etat policy.

    Purge them all and make the country a better place.

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    Re: Russian Economy General News: #6

    Post  kvs on Thu Sep 17, 2015 10:43 pm

    Werewolf wrote:
    kvs wrote:The Russian 5th column is a joke and Putin knows it.   He is toying with them like a cat with some small animal it has cornered.   Having them
    sent to the martyr afterlife is not a good choice for Russia.   Having these retards alive and spouting off about "bydlo" Russians is the perfect
    self-snookering.  

    The CBR should be squeezed tighter, I agree.  It is still pursuing monetarist voodoo but it also serves to maintain the psychological stability
    of Russian markets inside the global markets.   Having Stalin-esque Draconian management of the economy would do a lot of damage.   Russia
    was saddled with a market economy, so it needs to follow at least the critical rules.   But I think it is doing an excellent job of steering domestic
    markets to serve state interests and not to act like a banana republic.   Obama's yapping tells me that NATO was expecting Russia to respond
    to the sanctions like a banana republic, but the opposite happened.

    I am not talking about Stalin-esque economical management, even tho it worked for larger scale, i am talking about Stalin-esque purges of 5th columnists, they are a problem and a big one, burning resources and avoiding focus of the problems RF has to solve, by intervening and constant attempts of coup de etats is certainly a concern. Right now it is not a big concern, but who follows after Putin? Letting this scum do like they wish in the squalling position of the feces they consume, they may rize again if another yeltzin or even a shadow of yeltzin is ever elected or selected by the 5th columnist intervening and coup de etat policy.

    Purge them all and make the country a better place.

    Repressing them makes them stronger. The best medicine for these maggots is a good deal of light shining on them and their activity.
    Generous quotation of their anti-Russian drivel renders them into circus clowns with zero chances. Russia is nothing like Ukraine.
    There are not enough Russian idiots to organize any serious sedition. Uncle Sam may try, but his efforts are total flops. As soon
    as these maggots are thrown in jail they will become "victims of the regime" and will have a chance at taking over.

    Putin should give one of his TV interview sessions and announce his retirement and the options for who he thinks is fit to
    govern Russia. The Russian people will vote accordingly.

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    Re: Russian Economy General News: #6

    Post  George1 on Fri Sep 18, 2015 12:35 am

    SWIFT equivalent "practically" created inside Russia — Central Bank Chief

    MOSCOW, September 17. /TASS/. An equivalent of Belgian SWIFT has practically been created in Russia, Central Bank Chief Elvira Nabiullina said on Thursday.

    "Work is on track," the Central Bank Chief said. "As far as financial messages transmission is concerned, we have practically set up a SWIFT counterpart in Russia," Nabiullina said. The system contemplates competitive tariffs and the regulator is ready to develop and improve this service, she added.

    Several dozen banks are ready to use it, Nabiullina said. The head of the Central Bank said that the SWIFT equivalent is being developed with maximum use of Russian IT technologies. "Many complained our microelectronics is poorly developing and so on, but demand is needed to develop domestic production. We are generating such demand," Nabiullina said.

    It was reported earlier that Russia’s SWIFT counterpart would be launched in fall 2015. The need for having a domestic SWIFT and a national payment system became more acute after sector sanctions were imposed against Russia last year.

    The Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion communications a year, remitting payment orders worth $6 trillion a day. The system comprises over 9,000 banks from 209 countries.

    Under the SWIFT charter, groups of members and users are set up in each country covered by the system. In Russia, these groups are united in the RosSWIFT association.


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    Re: Russian Economy General News: #6

    Post  George1 on Fri Sep 18, 2015 12:35 am

    Russian Finance Ministry puts budget deficit in 2015 at 3% of GDP

    The Finance Ministry is gradually shifting to a model when budget deficit is fully financed using market borrowings without the Reserve Fund’s resources

    MOSCOW, September 17. /TASS/. Budget deficit will reach 3% of GDP in Russia in 2015, Deputy Finance Minister Maksim Oreshkin said at Fitch conference on Thursday.

    "Deficit will stand at around 3% of GDP by the end of the year," he said, adding that in 2016, under conservative forecast budget deficit will not exceed 3% of GDP in Russia either.

    In 2016, the situation with budget deficit will most likely be managed despite the fact that revenues will slightly fall compared with the previous year, Deputy Minister said.

    In Q1 2015, revenues were quite high due to a surge in retail sales and particular taxes in the oil sector, Oreshkin said. "Next year we won’t have such good results as we had in the first quarter. The key task here is to maintain deficit at the level of 3% of GDP in terms of expenditures," he said.

    The Finance Ministry is gradually shifting to a model when budget deficit is fully financed using market borrowings without the Reserve Fund’s resources. According to the official, the plan is to shift to this model within 3 years.

    Russian Finance Ministry to get round to 3-year budget planning in 2016

    According to the official, the Russian Finance Ministry may get round to 3-year planning of the budget in 2016.

    "After 1-year budget next [year] I think we’ll get round to 3-year budget and will consider 2017-2019 budgets," he said.

    Currently, it’s not quite reasonable to assume liabilities for 3 years, he added.


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    Re: Russian Economy General News: #6

    Post  kvs on Fri Sep 18, 2015 12:45 am

    George1 wrote:Russian Finance Ministry puts budget deficit in 2015 at 3% of GDP

    The Finance Ministry is gradually shifting to a model when budget deficit is fully financed using market borrowings without the Reserve Fund’s resources

    MOSCOW, September 17. /TASS/. Budget deficit will reach 3% of GDP in Russia in 2015, Deputy Finance Minister Maksim Oreshkin said at Fitch conference on Thursday.

    "Deficit will stand at around 3% of GDP by the end of the year," he said, adding that in 2016, under conservative forecast budget deficit will not exceed 3% of GDP in Russia either.

    In 2016, the situation with budget deficit will most likely be managed despite the fact that revenues will slightly fall compared with the previous year, Deputy Minister said.

    In Q1 2015, revenues were quite high due to a surge in retail sales and particular taxes in the oil sector, Oreshkin said. "Next year we won’t have such good results as we had in the first quarter. The key task here is to maintain deficit at the level of 3% of GDP in terms of expenditures," he said.

    The Finance Ministry is gradually shifting to a model when budget deficit is fully financed using market borrowings without the Reserve Fund’s resources. According to the official, the plan is to shift to this model within 3 years.

    Russian Finance Ministry to get round to 3-year budget planning in 2016

    According to the official, the Russian Finance Ministry may get round to 3-year planning of the budget in 2016.

    "After 1-year budget next [year] I think we’ll get round to 3-year budget and will consider 2017-2019 budgets," he said.

    Currently, it’s not quite reasonable to assume liabilities for 3 years, he added.

    That Russia runs deficits is actually significant progress. Several years ago, under the monetarist voodoo thrall, Russia was obsessed with
    balancing the books at all costs. Of course this is patent nonsense since there is something called opportunity cost. You can save your
    dollar today and lose several as a result. Of course, OECD style fake GDP growth through cheap credit and debt accumulation is also bad
    and Russia is clearly not following that path.

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    Re: Russian Economy General News: #6

    Post  flamming_python on Fri Sep 18, 2015 1:17 am

    Austin wrote:This news is more stark  

    Media: The Finance Ministry proposes to increase the retirement age since 2016

    http://tass.ru/ekonomika/2268984

    This sort of thing concerns me a lot more than any low oil price or delay in the exploitation of a new gas field.

    But it's an example of Russia taking a course towards improving economic 'efficiency', at the expense of people's living standards.

    And Naibullina is doing a great job - lay off here. Floating the rouble is leading to an export boom and could be just what Russia needs at this stage.

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