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    Russian Economy General News: #7

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    Project Canada
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    Re: Russian Economy General News: #7

    Post  Project Canada on Mon Jan 25, 2016 10:48 pm

    Liberals Like Chubais, Kudrin Who Destroyed the Country Have No Place in Russia

    kvs
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    Re: Russian Economy General News: #7

    Post  kvs on Mon Jan 25, 2016 11:08 pm

    Project Canada wrote:Liberals Like Chubais, Kudrin Who Destroyed the Country Have No Place in Russia

    Over the top with the hysterical tone. All is lost, woe is us. But the points about the collection of monetarist clowns is correct.
    Monetarists do not fully control Russian economic policy but they have excessive influence. Russia is stupid this way. It imports
    fads from the west and never looks at whether those fads have any traction in the west. That is the first thing that it should do
    if it does not want to be a social engineering experiment disaster zone for all time.

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    Re: Russian Economy General News: #7

    Post  sepheronx on Mon Jan 25, 2016 11:19 pm

    Kudrin had his points but ultimately failed to do his job properly.  Same goes for Chubais.  Good thing thoigh is Rusnano at least invests in Russia so there is real development, regardless how Chubais sucked before.  Kudrin has no redeaming qualities.  

    This article was very doom and gloom and what was actually said at Davos doesnt quite reflect that, most went on to state that things arent that bad and a change is needed.  The article posted does make sense about getting rid of these people, but at same time, it uses hysteria to get that point accross.

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Mon Jan 25, 2016 11:54 pm

    Putin's Biggest Failure: Not Cleaning House

    It was Medvedev who fired Kudrin. So I find it interesting about this article to claim the two under the same sphere. Kudrin was closer to Putin.

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    Re: Russian Economy General News: #7

    Post  kvs on Tue Jan 26, 2016 1:05 am

    sepheronx wrote:Putin's Biggest Failure: Not Cleaning House

    It was Medvedev who fired Kudrin.  So I find it interesting about this article to claim the two under the same sphere.  Kudrin was closer to Putin.

    Putin is not a tyrant like the NATzO propaganda chorus tries to paint him. So he has to live with the influence exerted by the new Russian
    elite that formed under Yeltsin. Teddy Roosevelt kicked some gilded era oligarch ass but did not remove them from their de facto position of
    power. The interesting thing is why the Russian elite is not sucking Uncle Scam's schlong. By all indications they should have been Washington
    bootlicks. Kudrin and pals for sure are. The situation in Russia is more complex than it would appear from all the nonsense mass media coverage.
    Putin can't engage in Stalinist type purges.

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Tue Jan 26, 2016 1:14 am

    kvs wrote:
    sepheronx wrote:Putin's Biggest Failure: Not Cleaning House

    It was Medvedev who fired Kudrin.  So I find it interesting about this article to claim the two under the same sphere.  Kudrin was closer to Putin.

    Putin is not a tyrant like the NATzO propaganda chorus tries to paint him.  So he has to live with the influence exerted by the new Russian
    elite that formed under Yeltsin.    Teddy Roosevelt kicked some gilded era oligarch ass but did not remove them from their de facto position of
    power.   The interesting thing is why the Russian elite is not sucking Uncle Scam's schlong.   By all indications they should have been Washington
    bootlicks.   Kudrin and pals for sure are.   The situation in Russia is more complex than it would appear from all the nonsense mass media coverage.
    Putin can't engage in Stalinist type purges.

    There are also communists or communist sympathizers, there are also Oligarches who do not want the western rule as it would eat at their own business. Then of course, there are the nationalists as well. No, I do not mean the die hard racist type, but the ones who are die hard about their own country. Dunno if they have major wealth, but many of them have social influences.

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    Re: Russian Economy General News: #7

    Post  Vann7 on Tue Jan 26, 2016 4:08 am

    Interesting video about the tricks used by Russian Billionaires traitors to avoid paying taxes
    in Russia.  Cool


    Great interview: Are foreign consultants engaged in industrial espionage and subversion in Russia?


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    Re: Russian Economy General News: #7

    Post  sepheronx on Tue Jan 26, 2016 5:04 am

    Vann7 wrote:Interesting video about the tricks used by Russian Billionaires traitors to avoid paying taxes
    in Russia.  Cool


    Great interview: Are foreign consultants engaged in industrial espionage and subversion in Russia?


    Hey, great find vann. Is it OK I post this on the website and give credit to you?

    As well, to add to this, if you were on MP.net, there was a certain Russian member whom was from Vladivostok. He wasn't a bad guy per se, but he did admit to doing grey book keeping or something along those lines. Essentially, his accountant would fudge numbers in order to prevent paying certain taxes. This guy would complain how bad it is in Vladivostok, yet owned 3 cars, had a fairly large home and all for having a designer company.....

    Anyway, we have people in Canada whom do the exact same type of auditing methods. So I do not think it is a way to aim to destabilize Russia unless whomever these groups are, are aiming to destabilize most countries:
    http://www.rollingstone.com/politics/news/the-biggest-tax-scam-ever-20140827

    Essentially, these are the same people.

    But, the guy in the video is doing the right thing. Pointing these issues out, and being part of an organization in dealing with other groups whom try to cause harm to Russia, especially economically.

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    Re: Russian Economy General News: #7

    Post  OminousSpudd on Tue Jan 26, 2016 5:08 am

    [quote="sepheronx"]
    Vann7 wrote:Interesting video about the tricks used by Russian Billionaires traitors to avoid paying taxes
    in Russia.  Cool


    Great interview: Are foreign consultants engaged in industrial espionage and subversion in Russia?

    .....................

    Hey, great find vann.  Is it OK I post this on the website and give credit to you?

    As well, to add to this, if you were on MP.net, there was a certain Russian member whom was from Vladivostok.  He wasn't a bad guy per se, but he did admit to doing grey book keeping or something along those lines.  Essentially, his accountant would fudge numbers in order to prevent paying certain taxes.  This guy would complain how bad it is in Vladivostok, yet owned 3 cars, had a fairly large home and all for having a designer company.....

    Anyway, we have people in Canada whom do the exact same type of auditing methods.  So I do not think it is a way to aim to destabilize Russia unless whomever these groups are, are aiming to destabilize most countries:
    http://www.rollingstone.com/politics/news/the-biggest-tax-scam-ever-20140827

    Essentially, these are the same people.

    But, the guy in the video is doing the right thing.  Pointing these issues out, and being part of an organization in dealing with other groups whom try to cause harm to Russia, especially economically.

    Good call Sepheronx. The first step to curing a sickness is to recognize that it is there in the first place.

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Tue Jan 26, 2016 5:32 am

    I found this after a quick search:

    Blowback: Gazprom Rejects PriceWaterhouse in Favor of Russian Agency. More to Come

    Vann7
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    Re: Russian Economy General News: #7

    Post  Vann7 on Tue Jan 26, 2016 8:24 am

    sepheronx wrote:I found this after a quick search:

    Blowback: Gazprom Rejects PriceWaterhouse in Favor of Russian Agency. More to Come


    Sure re-post any link you want.. im not the owner of Russia insider.. lol  
    i dont care about any credit.. credits goes to that Russian man giving that interview.

    For me even more disturbing than the audit thing.. is the fact that Americans Scholars
    were full time working in Russian universities as directors and Americans NGOs financing
    the most talented students in Russia. helping them in their research and projects , later this talent that the Russian government so painfully had to finance and develop their education, goes and leave Russia and works for Americans in US mainland.  This is like an insult and a major treason. is like as if you were building a house ,for many years..a luxury one,the house of your dreams for you and your wife,  with your hard earned money and when you finally finish it,and give the house to your wife , with pain and blood and many sacrifices. She cheat on you ,
    ,divorce from you and leave you and goes and live in your house with her new lover. lol

    Is disturbing that US sanctions had to happen in Russia ,for the Russian government to start
    shutting downs those NGOs and kicking all Americans scholars from Russian Universities
    "promoting science". If they wanted to promote "Science" why they dont do it in Africa?
    or in Asia? why Russia?  ahhh of course they were looking for stealing Russian talent and Russian minds away of Russia. There should be a law in Russia that education is free with the condition that the students stay in Russia , but that anyone who choose the easy way and abandon ship once the government broke its back ,then they or they families will have a debt with the government for all those years he received free education/healthcare and government help to study. having western NGOs in Russian universities , is nothing but Scientific spying .
    To benefits from the the new generations Russian students talent at the expense of Russia.  

    This is why i say.. Putin is a a blessing and a curse at the same time in Russia.
    He does a good job in world diplomacy and creating Unity in Russia ,inspiring trust.
    Is patriotic and a good man.. but at the same time he is terrible in Business and terrible
    predicting Americans next move and stab in the back. and next to useless in promoting
    Russian image in the world. Sochi was the only right thing he did well to sell Russia image.

    It will do Russia very well if all the top government in Russia speak fluently in English.
    specially Putin. That will help to sell the image of Russia that is not a distant planet but a nation that the west can communicate directly. But so far he do not see how important is
    projecting an image of being an European and developed nation that is easy to communicate.
    Poroshenko speak fluently English and goes and speak in American Universities ,something
    that Mr Putin should be doing but the moron do not get it ,that he could do a better job ,getting
    the support of American people by speaking directly with them and telling what is really happening in the world and not what their media tells them.

    Russia needs a new generation of leaders , people that truly knows how to sell Russia image
    in the world but that also have the diplomatic skills and patience and trust of Putin.

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    Re: Russian Economy General News: #7

    Post  JohninMK on Tue Jan 26, 2016 5:15 pm

    These are the Russia related bits of this article. The Ukrainian, really dire, bit is in that thread.

    Analyzing Ukraine's deteriorating economic situation, Russian journalist and economic analyst Alexandr Sitnikov suggested that instead of gloating over the impact falling oil prices have had on the Russian economy, Kiev should hope that prices rise, since this would be their only chance to revive their own export-oriented economy. "The 'barrel' pulls the 'bushel' along with it. That is the logic of world commodity markets," the journalist explains, in a recent analysis published by independent Russian newspaper Svobodnaya Pressa. "Only upheavals in oil-producing areas and crop failures in major agricultural countries are capable of breaking the connection."

    Moreover, "in terms of their dependence on commodities, the Russian and Ukrainian economies resemble one another, like twins. The difference is that our major export product is oil, and that of our neighbors – wheat."

    "In the past two years," Sitnikov recalls, "hydrocarbon [prices] have fallen much more steeply than cereals. So, on January 21, 2016, the price of Brent crude on the ICE Futures Exchange fell to below $28 a barrel, while a year ago, a barrel sold for $60, and two years ago, for $105. In other words, oil has seen a depreciation of nearly 75%. The average price of cereals in 2014 decreased by 12.5% compared to the previous year, and in 2015, by another 15.4%. In total, over the past two years, the price of cereals fell by about a quarter."

    "Russia's GDP over these two difficult years has fallen by 3.6%, while Ukraine lost more than 20% of its GDP. And although a number of international institutions, including the IMF, predict that Ukraine will win back 2% this year, skeptics, on the contrary, predict further decline."

    .......................................................

    "As far as Russia is concerned, we still have some 'fat' left over in the form of foreign exchange reserves. Moreover, there remains a 'ray of hope in the darkness', according to Chris Weafer of the consulting firm Macro Advisory. He notes that Russia's total external corporate debt fell to $500 billion in 2015, from $660 billion in mid-2014."

    Furthermore, "authorities non-interference in the ruble exchange rate has allowed Russia to maintain gold reserves totaling $371 billion. In addition, devaluation has allowed the export-oriented Russian economy to compensate for the effects of falling commodity prices, and allowed the government to maintain a budget deficit of about 3% of GDP without borrowing. If this trend continues, already by 2018 Russia will see the first internal reserves for project development, without which any talk of import substitution would be worthless."


    Read more: http://sputniknews.com/business/20160126/1033735321/ukraine-global-energy-prices.html#ixzz3yMr3szVF

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    Re: Russian Economy General News: #7

    Post  JohninMK on Tue Jan 26, 2016 6:13 pm

    Putin might not be cleaning house but he may well be starting to set up his ducks in a row. With the anti West sentiment that the West have generated the timing could be pretty good for such a move.

    Looks like a lot of old contracts, agreements and payment evidence is being extracted from dusty filing cabinets. This could be a pretty dangerous move, at the least expect to read about fires in Government record storage facilities!

    In order to reduce the level of corruption, it is necessary to seize the property and assets obtained by unlawful means. This statement was made by President of Russia Vladimir Putin at a meeting of the anti-corruption Council, reported RIA Novosti.

    "Let me reiterate: the responsibility for reducing the level of corruption in the territories lies with the heads of subjects of the Federation. They need to improve and this anti-corruption mechanism, the withholding and the appeal to the state property purchased with illegal or dubious money, including taking into account international legal norms, should return the assets illegally or unlawfully in other jurisdictions," - said the Russian leader.

    According to him, one of the priorities is to increase "the effectiveness of law enforcement in the anti-corruption sphere". "It is necessary to improve the operation of structures that control the expenditure of budgetary funds, it is important at an early stage to identify the personal interest of those who dispose of the budget by unfair means, hiding the facts using bogus companies or affiliates, to eliminate the conflict of interests", - stressed the head of state.

    Putin also spoke about the data of polls, according to which citizens positively assessed the work on counter-terrorism being carried out at the Federal level.


    http://fortruss.blogspot.co.uk/2016/01/putin-we-need-to-confiscate-property.html

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    Re: Russian Economy General News: #7

    Post  A Different Voice on Tue Jan 26, 2016 7:07 pm

    Another data point on the issue of the what percentage of the budget  does hydrocarbon related funds make up.

    From the linked Bloomberg article:

    "Where is the bulk of money made? In oil, gas, metals, other commodities," Putin said in his address to the Russian parliament in April 2001, calling for greater diversification of the Russian economy. At the time, oil and gas generated some 30 percent of federal budget revenues. In 2015, the figure reached 44 percent, according to the Finance ministry....

    I have no position on whether these numbers are accurate.

    oil & gas are 44% of budget

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    Re: Russian Economy General News: #7

    Post  Austin on Tue Jan 26, 2016 7:09 pm

    kvs , spherenox check the stats


    Putin: improve the situation in the Russian economy can begin as early as this year

    http://tass.ru/ekonomika/2616342

    MOSCOW, January 26. / TASS /. In Russia, there are conditions to this year already started rectifying the situation in the economy, Russian President Vladimir Putin at a meeting with Economic Development Minister Alexei Ulyukaev. "The combination of the budget deficit, which was less than expected, the presence of good reserves, low debt - all this creates favorable conditions to expect to improve the situation in the current year", - Putin said.

    As the head of the Economic Development Ministry, the Bank of Russia reserves remained at a high level. "All of this creates an environment of macroeconomic stability, which to properly evaluate all market participants," - said Ulyukayev. According to him, the deepest part of the crisis has been passed by the end of the second quarter of last year, after which there has been a movement in the positive direction. "Really laid a good foundation, it is now necessary to dispose of them wisely. And I think that we will be able to moderate, cautious optimism come a year" - said Ulyukayev.

    The minister said that at the end of 2015 the trade surplus was about $ 145 billion, which is slightly less than in previous years due to the exchange rate changes. "Physical volume is not reduced," - said Ulyukayev. "The balance of the current account balance even slightly increased and was even better than our projections. This is due to the fact that seriously diminished by the services. Roughly speaking, our citizens no longer leave their money in Turkey, Egypt and some other countries, began to leave them in Sochi, in the Crimea, in other Russian regions ", - he said.

    Ulyukayev also said that Russian companies last year showed an increase in profit by 48%. "A very good financial results of Russian companies. Last year, profits of Russian companies has increased by 48%, which is half as much. This more than 8 trillion rubles of additional funds that can be invested, which can serve as a basis for development," - said Ulyukayev . In particular, he said, the good results showed the manufacturing sector, which increased profit by 2.9 times. "Chemistry general record holder, 15-fold increase in profits", - the minister said.

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Tue Jan 26, 2016 7:31 pm

    Interesting. Good find and thank you. Ill add you as finder of this once I update the website.  Although, I hope the figure will rise even higher this year.

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    Re: Russian Economy General News: #7

    Post  zg18 on Wed Jan 27, 2016 5:55 am

    sepheronx wrote:Interesting. Good find and thank you. Ill add you as finder of this once I update the website.  Although, I hope the figure will rise even higher this year.

    Yep, as much as it sounds weird, Russia actually needed some type of sanctions from the West to kick start deleveraging process, force economy to change much quicker and create internal reserves so as not to be dependent on West for financing. Several new articles from Constantin Gurdgiev puts thing into perspective:

    http://trueeconomics.blogspot.hr/2016/01/23116-russian-external-balance-2015.html

    Current account surplus for 2015 surged to 5.4% of GDP

    http://trueeconomics.blogspot.hr/2016/01/25116-russian-sovereign-funds-down-but.html

    http://trueeconomics.blogspot.hr/2016/01/26116-russian-external-debt.html

    Short term painful processes, but in medium to longer term it is in fact a massive investment into economic future.

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    Re: Russian Economy General News: #7

    Post  KoTeMoRe on Wed Jan 27, 2016 9:34 am

    This is why Putin is the Ebil mastermind. He suffered most of the backdrop while under "sanctions" (although sanctions didn't actually caused that much harm) and now he's going to accelerate the streamlining policies (at the expense of the Russian tax base). And when the oil goes back, the first beneficiary will be the Russian state, then the tax base.

    Meanwhile, Russia needs less and less oil revenues as an economy.

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    Re: Russian Economy General News: #7

    Post  par far on Wed Jan 27, 2016 3:25 pm

    sepheronx wrote:
    Vann7 wrote:Interesting video about the tricks used by Russian Billionaires traitors to avoid paying taxes
    in Russia.  Cool


    Great interview: Are foreign consultants engaged in industrial espionage and subversion in Russia?


    Hey, great find vann.  Is it OK I post this on the website and give credit to you?

    As well, to add to this, if you were on MP.net, there was a certain Russian member whom was from Vladivostok.  He wasn't a bad guy per se, but he did admit to doing grey book keeping or something along those lines.  Essentially, his accountant would fudge numbers in order to prevent paying certain taxes.  This guy would complain how bad it is in Vladivostok, yet owned 3 cars, had a fairly large home and all for having a designer company.....

    Anyway, we have people in Canada whom do the exact same type of auditing methods.  So I do not think it is a way to aim to destabilize Russia unless whomever these groups are, are aiming to destabilize most countries:
    http://www.rollingstone.com/politics/news/the-biggest-tax-scam-ever-20140827

    Essentially, these are the same people.

    But, the guy in the video is doing the right thing.  Pointing these issues out, and being part of an organization in dealing with other groups whom try to cause harm to Russia, especially economically.


    This is very true, I am from Canada and my relatives do this.

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    Re: Russian Economy General News: #7

    Post  max steel on Wed Jan 27, 2016 7:43 pm

    Russian CB does not want to ease the plight of those who took USD mortgage loans before the crisis. Now the ruble value of the loan has increased 200% but the liberast CB blame the mortgage takers. - What a hypocrisy! I am for (fairly) free markets, but in a free market with central banks, it is the role of the central bank to protect the market, and the people, against external shocks. It is clearly and unequivocally the fault of the CB and the liberasts - that they allowed banks to issue loans in USD.

    http://www.rbc.ru/society/27/01/2016/56a906029a79470b78285675


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    Re: Russian Economy General News: #7

    Post  PapaDragon on Wed Jan 27, 2016 9:48 pm

    max steel wrote:Russian CB does not want to ease the plight of those who took USD mortgage loans before the crisis. Now the ruble value of the loan has increased 200% but the liberast CB blame the mortgage takers. - What a hypocrisy! I am for (fairly) free markets, but in a free market with central banks, it is the role of the central bank to protect the market, and the people, against external shocks. It is clearly and unequivocally the fault of the CB and the liberasts - that they allowed banks to issue loans in USD.

    http://www.rbc.ru/society/27/01/2016/56a906029a79470b78285675



    Bullsh*t!!!


    We have the same thing here with morons who took loans in Swiss franks and now expect someone else to pay for them.

    Why shouldn't I then take a fat loan and let some random nobody pay instead of me?

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Thu Jan 28, 2016 12:14 am

    So I decided to do my little Oped:
    http://rusnews.net63.net/2016/01/27/oped-russias-economy-and-the-transition/

    Tell me what you think.

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    Re: Russian Economy General News: #7

    Post  JohninMK on Thu Jan 28, 2016 12:24 am

    sepheronx wrote:So I decided to do my little Oped:
    http://rusnews.net63.net/2016/01/27/oped-russias-economy-and-the-transition/

    Tell me what you think.
    Like your site. Good luck.

    Small suggestion, in the copywrite section, why not ask for a link back to your site?

    sepheronx
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    Re: Russian Economy General News: #7

    Post  sepheronx on Thu Jan 28, 2016 12:26 am

    JohninMK wrote:
    sepheronx wrote:So I decided to do my little Oped:
    http://rusnews.net63.net/2016/01/27/oped-russias-economy-and-the-transition/

    Tell me what you think.
    Like your site. Good luck.

    Small suggestion, in the copywrite section, why not ask for a link back to your site?

    Good Idea.

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    Re: Russian Economy General News: #7

    Post  Vann7 on Thu Jan 28, 2016 2:48 am

    Russian NGOs in action.. creating problems.

    Russia: Mortgage holders protest loan conditions on Moscow's streets





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