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    Russian Economy General News: #6

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    Austin
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    Re: Russian Economy General News: #6

    Post  Austin on Sat Sep 05, 2015 7:24 am

    Deals Worth Around $19 Billion Signed at Eastern Economic Forum

    http://sputniknews.com/business/20150905/1026623345.html#ixzz3krI2RmHW


    what was the worth of deal last year 2014 ?

    Viktor
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    Re: Russian Economy General News: #6

    Post  Viktor on Sat Sep 05, 2015 9:00 am

    Nice  thumbsup

    Close to 20 bin $ in contracts concluded at the Eastern Economic Forum

    [url=The amount of the contracts concluded at the World Economic Forum estimated at 1.3 trillion rubles]The amount of the contracts concluded at the World Economic Forum estimated at 1.3 trillion rubles[/url]

    On Thursday, during President Putin’s visit to China, Rosneft inked agreements with China worth a potential $30 billion

    Putin says dump the dollar

    Energy goes east as Russia and China seal multibillion dollar deals in Beijing

    Japan proposed to Russia to transfer payments in yen

    "Rosneft" will drill wells offshore Vietnam

    Gazprom signed a deal for Nord Stream 2 and BASF

    Rosneft has ordered the construction of ships at the "Star"

    Volkswagen starts production of engines in Russia

    Ford started production of engines in Russia

    Moses: Russia and China have created an analogue Euroclear

    International reserves increased by $ 1.8 billion

    higurashihougi
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    Re: Russian Economy General News: #6

    Post  higurashihougi on Sat Sep 05, 2015 9:01 am

    Farewell, Western partners. Russia is turning East.

    Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.

    flamming_python
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    Re: Russian Economy General News: #6

    Post  flamming_python on Sat Sep 05, 2015 10:11 am

    higurashihougi wrote:Farewell, Western partners. Russia is turning East.

    Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.

    Yup, but not to worry for our Western partners - they can export to the Ukraine instead, they earned it after all What a Face

    Book.
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    Re: Russian Economy General News: #6

    Post  Book. on Sat Sep 05, 2015 11:07 am

    Austin wrote:Gazprom in space: Russian gas giant to produce satellites



    Telecom ok need more space company

    I think good idea open up


    PapaDragon
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    Re: Russian Economy General News: #6

    Post  PapaDragon on Sat Sep 05, 2015 11:52 am

    flamming_python wrote:
    higurashihougi wrote:Farewell, Western partners. Russia is turning East.

    Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.

    Yup, but not to worry for our Western partners - they can export to the Ukraine instead, they earned it after all What a Face

    Ahhhh, the infinite bonanza of Ukrainian economic miracle, how will Russia ever live without it.... lol1 lol1 lol1

    higurashihougi
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    Re: Russian Economy General News: #6

    Post  higurashihougi on Sat Sep 05, 2015 12:03 pm

    PapaDragon wrote:
    flamming_python wrote:
    higurashihougi wrote:Farewell, Western partners. Russia is turning East.

    Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.

    Yup, but not to worry for our Western partners - they can export to the Ukraine instead, they earned it after all What a Face

    Ahhhh, the infinite bonanza of Ukrainian economic miracle, how will Russia ever live without it.... lol1 lol1 lol1

    There are still Romania, Poland, Georgia, Baltic States,... all the politicians in these countries, well you know, are eager to buy whatever Western stuffs which are rejected by Russia.

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 12:42 am

    Review new productions: August 2015
    + 16 new industries with a total investment of 500 million rubles

    Chuvash enterprise JSC "textiles" fulfills the contract for the supply of machine tools in Turkey

    Good on this one, export of machinery to Turkey.

    On Yamal opened a new timber industry

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 12:43 am

    "Svyaz engineering KB". Made in Russia
    Today the consumption of printed circuit boards in the domestic market has been growing. Thus, only 30% of domestic production, while 70% - for products of foreign origin.
    Under the sign of Western sanctions and the collapse of the ruble, when the state adopted the policy of import substitution, and the business strives to maximize the savings budgets, from the Russian manufacturers need solutions that are affordable and not inferior in quality to foreign. But to do cheaper alternatives, when it comes to complex products, is a model of South-East Asia, where the resemblance and low cost often prevail over quality. The company "Svyaz engineering", which is a major on the Russian market of industrial electronics and electrical engineering, decided to go the other way: in 2010, the company's management made the decision on creation of subsidiaries - research and production complex "Svyaz engineering KB" with its own design office. So, for the first time since 1991, Russia was designed and over 26 months built from the ground up a modern plant for the production of printed circuit boards.
    The plant is located on the territory of the special economic zone "Dubna" on a plot Area of 2.4 ha. of scientific and industrial buildings amounted to 12 thousand m2. Originally intended to produce large batches of PCBs, but in the process of designing the task was adjusted. The plant will manufacture prototypes and small series of bilateral and multi-layer (up to 25 layers) boards of a wide range and high degree of complexity — class 6 accuracy according to the Russian classification (or grade 10 European), which corresponds to an advanced level. Projected production flexibility allows us to fulfill orders in the shortest time and easily restructure technology if customers new needs.

    Definitely a good read. Please go to the link to have photos and the whole article.

    zg18
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    Re: Russian Economy General News: #6

    Post  zg18 on Mon Sep 07, 2015 1:18 am

    Russia gains in global wheat market share due to increased price competitiveness

    http://www.bloomberg.com/news/articles/2015-09-03/wheat-glut-erodes-u-s-exports-as-cheap-russia-grain-wins-buyers

    Austin
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    Re: Russian Economy General News: #6

    Post  Austin on Mon Sep 07, 2015 4:05 am

    higurashihougi wrote:Farewell, Western partners. Russia is turning East.

    Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.

    I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.

    Russia has carefully crafted its economic Model over 25 years that its economic model is dependent on West particular Europe.

    It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.

    I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on

    higurashihougi
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    Re: Russian Economy General News: #6

    Post  higurashihougi on Mon Sep 07, 2015 6:24 am

    Mass Parade in Brussel on the Ceremony of Sanction for Freedom. Twisted Evil Twisted Evil Twisted Evil

    http://sputniknews.com/europe/20150907/1026676341.html

    Yes, sanction, the West blabbers about it sooo much then just let them taste it.




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    Austin wrote:I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.

    Russia has carefully crafted its economic Model over 25 years  that its economic model is dependent on West particular Europe.

    It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.

    I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on

    Russia turned East not because of sanction. It is because the East provides a potential opportunity for Russian enterprises.

    My suspect is that, Western market has already been nearly saturated for Russia. Recent economic crisis forced the Western people to reduce their consumption in general, and that negatively affected Russian bussiness in the West. And naturally, Russia companies should explore new market in somewhere else. Sooner or later Moskva will change its focus to China, India, Pacific, etc etc. Where the economy is on the rise and the demands and consumption is also on the rise. And the so-called sanction is just a cause for Russia to use to boost the process.

    However that takes time for Russia to change its economic structure and for Eastern economy to be matured enough. Unlike China who dominated the low-end market, Russian exports mainly belong to high-end stuffs, like luxuries, weapons, high-tech products (space rockets, titanium, machines, zicron for nuclear plants, oil drillers,...) and the Eastern countries need some times to develop enough to have a strong need for them.

    So during that transition time, we expected economic stagnation. The 5% GDP decrease is Russia's farewell gift for its old partners in the West, forever and ever.

    Just my 2 cent. pwnd pwnd pwnd

    PapaDragon
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    Re: Russian Economy General News: #6

    Post  PapaDragon on Mon Sep 07, 2015 8:37 am

    higurashihougi wrote:Mass Parade in Brussel on the Ceremony of Sanction for Freedom. Twisted Evil Twisted Evil Twisted Evil

    http://sputniknews.com/europe/20150907/1026676341.html

    Yes, sanction, the West blabbers about it sooo much then just let them taste it.




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    Austin wrote:I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.

    Russia has carefully crafted its economic Model over 25 years  that its economic model is dependent on West particular Europe.

    It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.

    I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on

    Russia turned East not because of sanction. It is because the East provides a potential opportunity for Russian enterprises.

    My suspect is that, Western market has already been nearly saturated for Russia. Recent economic crisis forced the Western people to reduce their consumption in general, and that negatively affected Russian bussiness in the West. And naturally, Russia companies should explore new market in somewhere else. Sooner or later Moskva will change its focus to China, India, Pacific, etc etc. Where the economy is on the rise and the demands and consumption is also on the rise. And the so-called sanction is just a cause for Russia to use to boost the process.

    However that takes time for Russia to change its economic structure and for Eastern economy to be matured enough. Unlike China who dominated the low-end market, Russian exports mainly belong to high-end stuffs, like luxuries, weapons, high-tech products (space rockets, titanium, machines, zicron for nuclear plants, oil drillers,...) and the Eastern countries need some times to develop enough to have a strong need for them.

    So during that transition time, we expected economic stagnation. The 5% GDP decrease is Russia's farewell gift for its old partners in the West, forever and ever.

    Just my 2 cent. pwnd pwnd pwnd

    Agreed higurashihougi, +1 for you!!! thumbsup

    Austin
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    Re: Russian Economy General News: #6

    Post  Austin on Mon Sep 07, 2015 8:48 am

    Lots of update from Rosneft Sechen on Oil thinge

    http://tass.ru/ekonomika/2240441

    sepheronx
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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 9:43 am

    Rosneft is threatening to take Transneft and Lukoil to court. I am not sure on what though.

    The moment they move to Asia (not just China) for main exports, the better.  Once Gazproms and Rosneft pipelines are built, then Asia will take over a huge portion of those % of sales. Till then, the pipelines are not even completed.

    LNG may bring in some money, but it is costly and I cant imagine many would be interested in it anymore.

    As well, I agree with Higura as well.  That was a good post.

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    Re: Russian Economy General News: #6

    Post  max steel on Mon Sep 07, 2015 12:18 pm

    LNG is a profitable business . Look at Australia they are going to surpass Qatar by 2020 as world's largest lng producer and aussies mainly export to South Korea , Japan , China , India and other S.E Asian nations . Russia pipeline will greatly reduce the cost of LNG per btu for Chinese , almost half. But RUSSIA relies on pipelines which can be a geographical constraint whereas aussies sell it via lng transporting ships

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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 12:31 pm

    max steel wrote:LNG is a profitable business . Look at Australia they are going to surpass Qatar by 2020 as world's largest lng producer and aussies mainly export to South Korea , Japan , China , India and other S.E Asian nations . Russia pipeline will greatly reduce the cost of LNG per btu for Chinese , almost half. But RUSSIA relies on pipelines which can be a geographical constraint  whereas aussies sell it via lng transporting ships

    Which if Russia builds more pipelines, will make purchasing lng even less interesting. Russia has the benefit due to location, so it would be cheaper in long run and more economical sense to build pipelines than LNG.

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    Re: Russian Economy General News: #6

    Post  Karl Haushofer on Mon Sep 07, 2015 1:24 pm

    But aren't pipelines prone to terrorism or state sabotage if they go through hostile countries or under sea? It is surprising that terrorists or hostile states have not targeted pipelines yet.

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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 1:40 pm

    Karl Haushofer wrote:But aren't pipelines prone to terrorism or state sabotage if they go through hostile countries or under sea? It is surprising that terrorists or hostile states have not targeted pipelines yet.

    They do, occasionally. Greenpeace terrorists at least apparently hit a Canadian pipeline years ago.


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    Re: Russian Economy General News: #6

    Post  max steel on Mon Sep 07, 2015 3:50 pm

    Well after Ukraine gas drama media says other customers might want to be a bit careful and seriously Russia cant make pipelines everywhere. For eg India. Its still a problem. The only reason why Iranian pipeline TAPI never got built was because of hostile nations. Ships are better. Will S.Korea allow a pipeline from Russia to pass through NK? Unlikely. I dont know about Russia-Japan gas purchases.


    http://www.geoffreycann.com/russian-pipes-vs-australian-ships-lng-battleground/

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    Re: Russian Economy General News: #6

    Post  PapaDragon on Mon Sep 07, 2015 4:48 pm


    "Gazprom to Start Talks With Shell on Baltic LNG Project"

    http://sputniknews.com/business/20150907/1026709596.html#ixzz3l5GxZ5wv

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    Re: Russian Economy General News: #6

    Post  sepheronx on Mon Sep 07, 2015 8:56 pm

    max steel wrote:Well after Ukraine gas drama media says other customers might want to be a bit careful and seriously Russia cant make pipelines everywhere. For eg India. Its still a problem. The only reason why Iranian pipeline TAPI never got built was because of hostile nations. Ships are better. Will S.Korea allow a pipeline from Russia to pass through NK? Unlikely. I dont know about Russia-Japan gas purchases.


    http://www.geoffreycann.com/russian-pipes-vs-australian-ships-lng-battleground/

    You could very well be right. In this case, the LNG may be Russia's big ticket to Indian and Vietnam gas deals.

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    Re: Russian Economy General News: #6

    Post  Austin on Tue Sep 08, 2015 9:05 am

    Ships worth around $36 bln to be built at Russia's Zvezda shipyard from 2016

    "Rosneft" plans to place in the complex "Star" orders for 41 ships and 12 platforms


    http://tass.ru/ekonomika/2244290

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    Re: Russian Economy General News: #6

    Post  Austin on Tue Sep 08, 2015 9:07 am

    Fitch will maintain an investment grade rating of the Russian Federation until the level of public debt remains low
    http://tass.ru/ekonomika/2244019

    Fitch forecasts a decline in GDP of Russia in 2015 to 3.5-4%.

    In July 2015 Fitch Ratings affirmed the long-term issuer default ratings of Russia's foreign and local currency ratings at BBB- investment with a "negative" outlook.

    As noted by experts of the agency if, in spite of the economic shock and the use of the Reserve Fund to finance the budget, the balance of sovereign Russia remains strong relative to comparable issuers.

    At the end of 2014 the public debt amounted to 12.7% of GDP, estimated at Fitch.

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    Re: Russian Economy General News: #6

    Post  sepheronx on Tue Sep 08, 2015 9:18 am

    As said, Fitch and the rest are a joke (fitch being lesser of a joke though imo). They need to refrain from speculations as we have all now seen evidence of numbers not even matching predictions.

    That said, having a low rating because public debt is a joke, especially for Russias lower public debt compared to others. Public debt being 12% of gdp is funny since Japans, US and the like is beyind that by a massive margin yet they dont face investme.t rating drops.

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