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    Russian Economy General News: #8

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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Fri Jun 02, 2017 10:40 pm

    One thing I noticed with a lot of foreign based posters excluding myself, is their fixation on Kudrin and wanting him in "this or that" position or think he is some kind of good guy or genious. But it seems that most of you have forgotten how Kudrin ran off to the US and complained about Medvedev which forced Medvedev's hand in firing Kudrin. Yes, he got fired from his position.

    What most of you also failed to acknowledge is that Kudrin is what got Russia reliant on Oil and Gas, not the other way around. Sounds odd considering he want's to "Privatize it". But, good thing he has no authority, or say. So please, stop your fixation on the guy. He is a nobody in a nobody position.

    In real news:

    http://tass.com/economy/949530

    It appears that there is a push growing for the use of cryptocurrencies in Russia and even allowing them on the Moscow Stock exchange. Expect when that happens, the popular trading cryptocurrencies will skyrocket. The CB is still planning a Cryptoruble.

    Which cryptocurrency to trade in now since Bitcoin is nearly out of the hands of most due to its value? I don't know. Most are getting expensive where I cannot afford any.
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    Kimppis

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    Re: Russian Economy General News: #8

    Post  Kimppis on Fri Jun 02, 2017 11:00 pm

    in SPIEF, he suggested about the complete privatization of Russia's energy industry, he is quickly rebuffed by the kremlin. if giving private/foreign ownership (control) to Russia's strategic assets is Not considered surrendering to NATO/Globalists, i dont know what.

    Fair enough. But as Miketheterrible said, they might limit the privatization to "patriot investors", so it wouldn't necessarily be a bad thing. And overall, his views on Russia and its economy are not particularly pessimistic. He's more or less part of the establishment... in a good way, that is.  

    as much as I would wish for oil prices to climb further for the benefit of Russia, it will also contribute to Saudi Arabia's decades old program of world Islamization, with all the Islamists popping up almost everywhere there are muslims, I fear the future will be grim for all non muslims. So the more sooner Saudi Arabia disintegrates, the less likely radical islam will have a huge impact to non muslim lives, of course there will still be a point in the future where islam will need absolute reform, or else non muslims will have no choice but to resort to more extreme measures to protect ourselves from radical muslim onslaught.

    Yeah, and they are intentionally overly conservative, if anything. Which is a good thing and its a great way to decrease oil dependency. I guess 2014 showed that changes in oil prices are very difficult thing (at best) to predict. I think something like $60 per barrel woul be a good price. Oil consumption will keep growing globally, so the price must increase in the long-term. But there are so many opinions on the subject, so many variables and mid-term forecasts, that it's crazy...

    Kudrin wont ever become PM. He isn't liked by most within the circle, not to mention the country. Add to that, he isn't part of the parties anymore. He was given a position in a non-government organization for a reason.

    Good points. We'll have to wait and see... It seems that most people think that Medvedev is finished in any case... I personally don't support Kudrin, my view is more or less neutral. Just saying that he isn't that "bad". He's certainly one of the more influential "liberals", so it's no wonder that many Westerners want him as PM, compared to other realistic alternatives.

    Regarding oil & gas, the dependency is exaggerated and it was more or less inevitable. Also, not a bad thing either. It's Russia's comparative advantage to export natural resources, just like Australia's (what a third-world shithole, btw), for example. Russophobes are never aware of that simple fact.


    Last edited by Kimppis on Fri Jun 02, 2017 11:05 pm; edited 3 times in total
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Fri Jun 02, 2017 11:01 pm

    Kudrin is not even a real economist. That explains why he pimps neo-colonial, neo-liberal voodoo economics.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Fri Jun 02, 2017 11:05 pm

    Austin wrote:

    Glazyev warned of a "complete break" of the Russian economy


    https://www.gazeta.ru/business/news/2017/06/02/n_10124759.shtml

    Hysterical political posturing.   It really is getting annoying to listen to such Chicken Little BS.   If Russia's economy survived past
    1998 and managed to grow to the level it has today, then yapping about doom like Glazyev is doing is grotesquely absurd.
    He is becoming like a mirror image of Kudrin.   Russia does not need these f*cking central planners since their idiotic theories
    will break Russia's economy.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 10:44 am

    Russia's not running out of oil anytime soon ?

    http://www.businessinsider.com/when-will-russia-run-out-of-oil-2017-4

    Vann7

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    Re: Russian Economy General News: #8

    Post  Vann7 on Sat Jun 03, 2017 10:48 am

    kvs wrote:Kudrin is not even a real economist.   That explains why he pimps neo-colonial, neo-liberal voodoo economics.

    Even though im not a fan of Kudrin. and its privatizations wet dreams of everything.
    When it comes to Oil and Gas , i actually agree ,that Russia needs to privatize it , and
    sell it to guess who? to the Americans . And why Will Russia do such a crazy thing ?

    What kind of benefits Russia will get for selling that business.

    1)Because Americans will never end its war on Oil Prices and they have
    near infinite ways to get prices very very low by boosting ,flooding the market with Oil
    not only from US ,but also from Africa ,middle east. just to damage Russia. Is an economic war
    the reason why US flood market with oil ,that most of it ,they consume it.

    2)Because it will allow Russia to work in alternative ways of clean energy that do not depend
    on Oil or NATURAL Gas. that are more cheaper. Russia needs to crash the oil prices to the button , to $5 dollar per barrel and see Saudi Arabia bankrupt. and collapse. This will provoke
    a civil war in Saudi Arabia ,and the US Economy will collapse ,when no longer dollars is used
    any more for buying oil. So RUssia will kill 3 birds in one shot , by collapsing OIL and gas business. It will break Saudi Arabia, It will sink US economy to a more reasonable level ,to the level of regional powers like France. means no more aircraft carriers and no more empire. and it will kill the financial support of ISIS and Alqaeda .

    3)It will break NATO allies in middle east and it will end the pipeline wars of them.

    This means that if Russia manage to create an alternative energy revolution ,using Hydrogen fueled cars ,or magnetism or solar energy ,electricity, whatever, that no longer the west will find a way to hurt Russia economy and at the same time Russia will damage theirs.

    So this is what Russia really needs to consider seriously. in crashing middle east energy business and their Terrorism. it will take down also US as a super economy too. and Russia will become more immune to western sanctions.

    Vann7

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    Re: Russian Economy General News: #8

    Post  Vann7 on Sat Jun 03, 2017 11:25 am

    par far wrote:
    AlfaT8 wrote:I was gonna post this on the propaganda thread, but this looks serious, so i am gonna add it here.
    So, what's going on here guys?



    This is screwed up, the government needs to do something about stuff like this.


    The british documentary found 1 person in Russia that was being supposedly abused .
    Just think about that. Even if that was true.. you saw how police solved all . So this report
    was like a strom in a coup of water and it was done to find you guess it another justification
    to demonize the west Russia. This time accuse it of "slavery".

    But this kind of things happens in ALL countries in the world. that is illegal people who come
    to another country to work and are underpaid. It happens in USA.. how much you think mexicans are paid in California to work? they earn 1/3 of what it is legally accepted. by the government. So if the minimun wage is $8 per hour. they paid $3 dollars and without any benefit ,any healtcare ,any safety. etc etc etc. it happens in all nations , but in US case it happens with the Liberal Government of California support. So i don't see whats the problem.
    People accept the job , and then who is to blame for that? Is not like they were at gun point demanded to work. They were free there and free to leave and scape. Because they need
    to sleep right? and take shower. obviously he was not homeless. And had a wife.

    so the whole story looks like was a setup.

    They found someone with no legal license to work ,with a very low pay in dagestan in a muslin republic of Russia , The journalist paid him money , enough for a month if leave his low pay job them run a story ,that he was there against his will because Russia government "supports slavery" and then the journalist provoke the owner of the factory by disrespecting him. all for the cameras. but in the end , only one worker left.. and one that demanded payment was even paid. LOL  so it was weak as hell report.  But it shows how far the west will go to try to accuse
    Russia of anything. So called " non government humanitarian organizations" are nothing more
    than a cover for western intelligence assets ,that they either use to recruit potential traitors or troublemakers and later use them against the Russian government.

    So after all the long story by British NGO. they only found one worker ,that they convinced
    to abandon his job. and just listen what the journalist told.. the "he was called" by the worker.
    how he could do that? if he for sure not even a cellular phone if work without papers?

    The whole story seem staged big time. taken out of proportions ,And the one who quit his job ,
    paid for helping to create the impression ,he was there against his will.

    About holding their passports/identification.. this is done with all strangers non russian citizens . and is done for security , to verify who they are . Is not the first time i see that.


    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 1:35 pm

    Some senators are codifying the sanction and introducing new sanction on Mining , Metals and Railways

    https://www.bloomberg.com/politics/articles/2017-05-31/senators-propose-stronger-u-s-sanctions-against-russia



    Panel Chairman Mike Crapo of Idaho and top Democrat Sherrod Brown of Ohio said their bill would authorize "broad" new sanctions targeting sectors of Russia’s economy including mining, metals and railways.

    It would codify and strengthen existing sanctions included in executive orders affecting Russian energy projects and debt financing in key economic sectors, the senators said in a press release.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 1:36 pm

    US shale, trade and sanctions worry Russian Finance minister as economy gets back on track

    http://www.cnbc.com/2017/05/31/russian-finance-minister-on-oil-prices-trade-and-dealing-with-sanctions.html

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 1:46 pm

    National Interest has a longish Article on Russian Sanctions

    Are Russia Sanctions Here to Stay?

    http://nationalinterest.org/feature/are-russia-sanctions-here-stay-20917?page=show
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sat Jun 03, 2017 1:59 pm

    Austin wrote:US shale, trade and sanctions worry Russian Finance minister as economy gets back on track

    http://www.cnbc.com/2017/05/31/russian-finance-minister-on-oil-prices-trade-and-dealing-with-sanctions.html

    Dick stroking US retards think that Russia will not impose counter-sanctions. So far the EU has taken the biggest hit
    from counter-sanctions, now it will be Uncle Scumbag's turn. He won't like it. But Russia will get yet more positive
    structural reform stimulus that will finally undo Yeltsin's comprador banana republic distortions of Russia's economy.

    So for Russia these new sanctions will be a win. But for the exceptionally retarded people they will be a loss.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sat Jun 03, 2017 2:03 pm

    Austin wrote:National Interest has a longish Article on Russian Sanctions

    Are Russia Sanctions Here to Stay?

    http://nationalinterest.org/feature/are-russia-sanctions-here-stay-20917?page=show

    Of course they are here to stay. Mighty NATzO can't do f*ck all else aside from launching a war
    on Russia. The leaders of the exceptional, self anointed guiding lights of humanity, hyena pack that
    is NATzO also are under the extreme delusion that sanctions are damaging Russia's economy.

    In fact, the damage came about as a result of the ruble devaluation in late 2014, which produced
    a large inflation spike that triggered a recession. No future sanctions are going to reproduce this
    effect, which was linked to oil prices. Russia is exiting and will continue into growth from the 2015
    recession. NATzO can demand Crime be illegally returned to Banderastan all it wants. Wanting is
    not the same thing as getting.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 2:47 pm

    At SPIEF 2017 it was signed more than 380 agreements worth about 2 trillion rubles

    This year, the forum was attended by representatives of business, international organizations, experts, academics and journalists from more than 143 countries around the world

    PETERSBURG, June 3. / TASS /. Petersburg International Economic Forum this year has collected more than 14 thousand. Participants. According to preliminary estimates, 386 agreements worth about 2 trillion rubles was signed at the forum fields. This was announced at the final press conference, presidential adviser Anton Kobyakov.

    "The number of signed agreements is online increased year-on-year as at 8:00 on June 2, signed investment agreements and memoranda in the amount of 386, totaling about 2 trillion rubles.", - said Kobyakov.
    356 agreements - According to him, 105 agreements in 2016 were signed in 2015.


    At SPIEF-2017 was attended by representatives of business, international organizations, experts, academics and journalists from more than 143 countries worldwide. "Such a large number of participants with such a vast geography forum has never taken her for his 21-year history," - adviser said.

    SPIEF business and expanding the program in the past year the main program included 72 events in 2017 as part of the main program was held 127 events. "On the sidelines of the meeting of the business forum held" twenty ", which will be held in Germany, the conference of BRICS and the SCO", - said Kobyakov.

    On the site forum, Russian Academy of Sciences, together with the six Nobel laureates met from "Science: Looking to the Future."

    Country guest SPIEF-2017 became India. Qatar announced its intention to perform a guest country in the next year.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sat Jun 03, 2017 3:04 pm

    Austin wrote:At SPIEF 2017 it was signed more than 380 agreements worth about 2 trillion rubles

    This year, the forum was attended by representatives of business, international organizations, experts, academics and journalists from more than 143 countries around the world

    PETERSBURG, June 3. / TASS /. Petersburg International Economic Forum this year has collected more than 14 thousand. Participants. According to preliminary estimates, 386 agreements worth about 2 trillion rubles was signed at the forum fields. This was announced at the final press conference, presidential adviser Anton Kobyakov.

    "The number of signed agreements is online increased year-on-year as at 8:00 on June 2, signed investment agreements and memoranda in the amount of 386, totaling about 2 trillion rubles.", - said Kobyakov.
    356 agreements - According to him, 105 agreements in 2016 were signed in 2015.


    At SPIEF-2017 was attended by representatives of business, international organizations, experts, academics and journalists from more than 143 countries worldwide. "Such a large number of participants with such a vast geography forum has never taken her for his 21-year history," - adviser said.

    SPIEF business and expanding the program in the past year the main program included 72 events in 2017 as part of the main program was held 127 events. "On the sidelines of the meeting of the business forum held" twenty ", which will be held in Germany, the conference of BRICS and the SCO", - said Kobyakov.

    On the site forum, Russian Academy of Sciences, together with the six Nobel laureates met from "Science: Looking to the Future."

    Country guest SPIEF-2017 became India. Qatar announced its intention to perform a guest country in the next year.
    About forum

    Looks like all the propaganda indices such as the "corruption perceptions index" and other crap from Freedom House or Heritage Foundation or
    whatnot is not succeeding in frightening off investors from engaging in the Russian economy.
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    Kimppis

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    Re: Russian Economy General News: #8

    Post  Kimppis on Sat Jun 03, 2017 5:51 pm

    By the way, some interesting numbers from Putin (I guess they are also available on Rosstat's website, but the English site is a mess... Maybe I should start using Yandex or Google to simply translate the Russian version, oh well, anyway...):

    Vladimir Putin stated that industrial output in Russia was growing at 2.7% to 2.9% at present.

    Judging from the volumes of cargo haulage at railways and the volumes of electric power consumption, the indicator may be higher than that.

    Putin recalled that economic growth of 0.4% was registered in Russia at the end of last year. In the first quarter of this year, it was already 0.5. percent. In April, the indicator went up to 1.4%

    More:
    http://tass.com/economy/949565

    Industrial production hitting that symbolic 3% soon?

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Jun 03, 2017 6:52 pm


    Vann7

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    Re: Russian Economy General News: #8

    Post  Vann7 on Sun Jun 04, 2017 1:08 am

    As you all know the sanctions have nothing to do with human rights , territorial sovereignty
    of Ukraine or not even with Putin.  The whole thing is all about Western Elites in panic
    of Russia raise to power and influence in the world. so they made excuses and pretext
    to slowdown Russia economy in any way possible ,so that Russia could not modernize
    its nation ,finance more development and strenghten its military even more.

    The last package of sanctions against Russia was because of North Korea .  lol1
    So they are not even trying to hide their hate and that their accusations
    are totally fake accusations against Russia.

    This is all about undermining with cheating the competition.
    it this was sports,, lets say track n field ,if they see they can't win in a
    competition ,then they seek to disqualify the player by buying the judges and
    the organizers of the event. oh wait they already did this too.. lol
    the more sanctions on Russia and more they manage to hurt
    Russia economy , the less submarines ,pak-fa and Armata Russia will make.
    and the less competitive Russia will be in space and the less influential too in the world.
    and the more unemployment and more social unrest. So is all about Russia economy.
    thats their problem with Russia. is growing too much. and Russia is showing a significant more
    efficiency on their military with far less money. So the worse Russia economy do ,consequence
    of their sabotage of it, and the more easier will be for provoking unrest in Russia.


    Because if Russia shows to be strong ,even after sanctions it could influence even Ukraine citizens ,the Pro Euromaidan ones to abandon their ideas of joining the EU and join Russia instead. So all this sanctions is all about weakening Russia influence and competitiveness with Americans in the world. because they are so losers ,that can face a fair competition. freedom market that they claim to support is a lie, they only support freedom in business only when it benefits significantly them at the expense of others.This sanctions also serve as a message to any other nation who seeks to oppose the westernEmpire and its ambitions of a total global hegemony.

    This is why whenever ISIS attack Russia.. what is their main targets?
    Russia economy. Russia tourism. as was St Petersburg attack.
    So this is a perfect example of a "coincidence" of Western Powers and ISIS all aiming
    to attack the same thing. Russia economy.

    When you know what American and Europeans elite are really trying to do.
    Collapse Russia economy ,from left to right . Then it can be very predictable which targets NATO proxy fighters , ISIS will seek to Attack.
    ST Peterburg and SOCHI and Moscu will be very high on the list because those are
    the most touristical places and the most influential cities Russia have to show to the world
    of who is Russia.

    And which new targets NATO and its allies through its proxy fighters ISIS Will seek to attack ?  

    easy.. the few civilian business that Russia have that can help Russia diversity its economy and even influence the world in business.






    but also Russia car industry , don't be surprised of mysterious accidents of people
    dying in LADA cars. and blamed on Russia. Wink

    This is a major problem Russia will face with developing technology with plans to sell it
    to the west. it will face a lot of industrial sabotage . But with Asia and friendly nations
    it will not have that problem.

    Kudrin interview.


    This is why Russia should push much harder in space , and becomes the world leaders there.
    Not many can compete there. Russia should really take very seriously Space tourism. not just around the earth but around the moon orbit too. It will be incredibly expensive at first but eventually prices will go down when technology manufacturing process mature. just like it happens with 100% of all technology ever created in the world.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sun Jun 04, 2017 9:30 am

    Kudrin is optimistic on abolishing of sanctions , I can bet every penny I have and say sanctions wont be abolished not a dime not a I and T from sanctions list , infact codifying sanctions would mean they cant be abolished at all no matter who POTUS is.

    This should be an eye opener for any one there and mostly the CBR

    1 ) CBR should stop buying more treasury bills ( they already bought $100 billion ) which helps US Government borrow more to pay its bills

    2 ) CBR should sell most of the US T Bills it has and instead buy Gold and IMF SDR

    3 ) As counter sanction Russia should impose sanctions on buying any new Boeing aircraft , The down side is Boeing might stop buying Titanium from Russia it has long term contract but that is fine , Russian Titanium can be sold to Russian Aircraft Industry which is growing.

    4 ) Beyond Food Sanctions , Russia should opt out of any bilateral Nuclear non-proliferation agreement it has with US and stop any activity in peaceful use of Nuclear Energy with US.
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    Viktor

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    Re: Russian Economy General News: #8

    Post  Viktor on Sun Jun 04, 2017 11:54 am

    Austin wrote:Kudrin is optimistic on abolishing of sanctions , I can bet every penny I have and say sanctions wont be abolished not a dime not a I and T from sanctions list  , infact codifying sanctions would mean they cant be abolished at all no matter who POTUS is.

    I think the EU sanctions after with what happened with Americans exist only on paper now and as situation stands now the sanctions will not be extended next time.

    You can see by huuge increase in trade and number of agreements that where previously  on hold because of politics that nothing is holding on business.

    Trump even did not have to met Putin to do its part Very Happy
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    GarryB

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    Re: Russian Economy General News: #8

    Post  GarryB on Sun Jun 04, 2017 1:26 pm

    So this is what Russia really needs to consider seriously. in crashing middle east energy business and their Terrorism. it will take down also US as a super economy too. and Russia will become more immune to western sanctions.

    How about instead of letting the US control Russian oil and gas resources, they keep them for Russia and use the money they earn to invest in alternatives.

    Russia is made stronger by western sanctions because it is being forced to invest in itself instead of buying cheap food from the EU it is looking for other sources both internally and externally.

    Russia should be looking to those same alternative countries for trade in goods and services to boost both economies and to build up both countries without feeding the western monster...

    In a decade or so when the western monster has found more countries turning away from them and looking to each other they might treat others with something approaching respect... probably not though.

    Russia should focus on improving the quality of life for all Russians in Russia and worry less about the plight of Russians elsewhere... if they are being bombed then move back home.


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    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sun Jun 04, 2017 6:12 pm

    Viktor wrote:
    Austin wrote:Kudrin is optimistic on abolishing of sanctions , I can bet every penny I have and say sanctions wont be abolished not a dime not a I and T from sanctions list  , infact codifying sanctions would mean they cant be abolished at all no matter who POTUS is.

    I think the EU sanctions after with what happened with Americans exist only on paper now and as situation stands now the sanctions will not be extended next time.

    You can see by huuge increase in trade and number of agreements that where previously  on hold because of politics that nothing is holding on business.

    Trump even did not have to met Putin to do its part Very Happy

    Lets not make virtue out of necessity , The reason why EU is taking some steps is because of its own necessity

    EU can easily be arm twisted come the current or next POTUS and Biden has openly boasted about it.

    Russia cannot be depend on good will of EU much less the US. It has to take certain actions to protect its own interest no matter how the good will stands today or tommorow.

    Some of what I mentioned about like dumping US T Bills , Buying Gold/SDR and possible India/Chinese Bonds is to keep Russian Forex Safe , Thats the least CBR can and must do not buy more of it !
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sun Jun 04, 2017 6:35 pm

    Austin wrote:
    Viktor wrote:
    Austin wrote:Kudrin is optimistic on abolishing of sanctions , I can bet every penny I have and say sanctions wont be abolished not a dime not a I and T from sanctions list  , infact codifying sanctions would mean they cant be abolished at all no matter who POTUS is.

    I think the EU sanctions after with what happened with Americans exist only on paper now and as situation stands now the sanctions will not be extended next time.

    You can see by huuge increase in trade and number of agreements that where previously  on hold because of politics that nothing is holding on business.

    Trump even did not have to met Putin to do its part Very Happy

    Lets not make virtue out of necessity , The reason why EU is taking some steps is because of its own necessity

    EU can easily be arm twisted come the current or next POTUS and Biden has openly boasted about it.

    Russia cannot be depend on good will of EU much less the US. It has to take certain actions to protect its own interest no matter how the good will stands today or tommorow.

    Some of what I mentioned about like dumping US T Bills , Buying Gold/SDR and possible India/Chinese Bonds is to keep Russian Forex Safe , Thats the least CBR can and must do not buy more of it !

    You are 100% correct. The annoying thing is that Russia was already substantially unloading US Treasury Bills before Nabiullina the 5th column twat
    gained control of the CBR.
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    KomissarBojanchev

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    Re: Russian Economy General News: #8

    Post  KomissarBojanchev on Mon Jun 05, 2017 1:31 am

    kvs wrote:
    Austin wrote:

    Glazyev warned of a "complete break" of the Russian economy


    https://www.gazeta.ru/business/news/2017/06/02/n_10124759.shtml

    Hysterical political posturing.   It really is getting annoying to listen to such Chicken Little BS.   If Russia's economy survived past
    1998 and managed to grow to the level it has today, then yapping about doom like Glazyev is doing is grotesquely absurd.
    He is becoming like a mirror image of Kudrin.   Russia does not need these f*cking central planners since their idiotic theories
    will break Russia's economy.

    Kudrin et al are the opposite of central planners, they're oligarchic robber barons who want to loot Russia's wealth for themselves and be the the West's little bitch. Central planning saved Russia and got it to the excellent technological level it is today, privatization will destroy the technological progress and destroy the wealth of the Russian working and middle class.

    And yes, a working class exists in Russia. A skilled one at that. Through the whole shock therapy retardation, at least Russians can chose something other than minwage shitty service sector jobs like Westerners.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Tue Jun 06, 2017 1:15 pm

    https://twitter.com/JamesGRickards/status/870625477148409857

    Each year @RonStoeferle & @MarkValek produced the definitive gold analysis read by millions. Find it here:

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    JohninMK

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    Re: Russian Economy General News: #8

    Post  JohninMK on Tue Jun 06, 2017 1:34 pm

    So, now that a Qatari gas pipe across Syria is looking increasingly unlikely, maybe SouthStream is not dead after all. Stage one seems to be upgrading the Bulgarian pipeline network to take the TurkStream gas north. Stage two, under cover atm, would be to connect to the, now called TurkStream, under Black Sea pipeline, that no doubt will have stubs fitted ready, at the point at which it heads south away from the original SouthStream path.

    Gazprom and Bulgaria are discussing the development of a gas transmission network in the country, where existing infrastructure allows for the start of construction, according to Medvedev..

    "The options for distributing the gas along the second branch of the Turkish Stream are diverse, including a northward direction in addition to a direction to Italy," Medvedev said. "We are discussing with Bulgarian counterparts development options of a Bulgarian gas transportation system."

    The Russian company's senior executive said Bulgaria had "everything ready to start the construction of the South Stream," pointing out that Sofia, "apparently under pressure from outside, decided to block the construction of the South Stream and we officially closed this project."

    "Although they say you cannot enter the same river twice, you can try the other way," Medvedev stressed.


    There is more at https://sputniknews.com/world/201706061054351840-russia-gazprom-opal-gas/

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    Re: Russian Economy General News: #8

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