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    Russian Economy General News: #8

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    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sun Sep 10, 2017 9:49 am

    Rogozin: MIC must produce military and civilian goods in equal proportions
    Army and defense industry September 9, 13:39 renewal date: September 9, 14:07 UTC + 3

    According to the vice-premier, "defense enterprises, military factories should now think over the production of high-quality, high-tech civilian equipment"
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    LOWER TAGIL, 9 September. / TASS /. Deputy Prime Minister Dmitry Rogozin said that it is planned to produce military and civilian products in equal proportions at domestic defense enterprises.

    "We generally want to do so that we have approximately 50 to 50 volumes of production - military and civil - were at each plant," he said in an interview with Rossiya 24 .

    "There are separate factories with their narrow specialization, for example, it will be difficult to make strategic nuclear missiles of civil purpose," he remarked with a smile. "This, of course, is a joke, but everything else can be done," Rogozin said. "As long as there are those who would like to solve political issues with their military adventures, the military factories in the Russian Federation will be given special significance," he stressed. However, according to the vice-premier, "the volumes of financing of the state defense order are now connected with the filling of the financial gap that was in the past years." "When we fill the armed forces with an average of at least 75% with new military equipment and this level will be constantly maintained, it will not require such large investments," Rogozin specified.

    In his opinion, "defense enterprises, military plants should now think about the production of high-quality, high-tech civilian equipment." The Vice-Premier noted that the defense enterprises "have everything for this: a highly skilled working class, technology." "We can do everything!" - he answered the question of what kind of civilian products can be produced by defense enterprises. At the same time he did not agree with the fact that the military factories will produce pots. "We already produced them in the early 90s, it was a discrediting of the subject of conversion," the deputy prime minister explained.

    As an example of possible products, he cited the creation of modern tractors, unmanned equipment for agriculture, electronics for space. "Everything is compatible here, we just need to reasonably put those tasks before the military factories, the military industry, military science, which will not exactly stop the military production, and in the framework of synergy will provide quality products for the civilian market that does not contradict military specialization," Rogozin said.

    Подробнее на ТАСС:
    http://tass.ru/armiya-i-opk/4548343
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    gaurav

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    Re: Russian Economy General News: #8

    Post  gaurav on Mon Sep 11, 2017 11:08 am

    Russia and deep state ..
    There are still some people who belive that Russia is 'NOT' ruled by Deep state.
    Here is a proof for all of you to see..


    ROSNEFT THINKING ABOUT PETROCHEMICAL PROJECT IN INDIA - SECHIN

    China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

    MOSCOW/BEIJING (Reuters) - SEPTEMBER 8, 2017 Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft (ROSN.MM) for $9.1 billion from a consortium of Glencore (GLEN.L) and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.

    CEFC China Energy has grown in recent years from a niche oil trader into a sprawling energy conglomerate and the transaction will allow China, the world’s second largest energy consumer, to boost cooperation with the world’s top oil producer.

    The deal comes as the United States imposes a new round of economic sanctions on Russia, making it difficult for large Western firms such as Glencore to develop partnerships and increase ties with state-owned firms such as Rosneft.

    Rosneft ESSAR Deal  ..

    Actually the banner is a sarcasm .. Cool

    Rosneft Essar deal ..

    All russ centric people should be seriously concerned at the dramatic , nerve wrenching, mind boggling deep state power play going on in Rosneft.
    and in Kremlin.

    Ulyuklaev a journalist to be 'arrested' ..

    yaah one more thing pls do not search on NYtimes, CNN ,msnbc they are filled with hatred  and venom against Ryussian deep state.

    If the fight becomes UGLY and PUtin takes over all kremlin powers(and cancels all elections in Russia) ..
    always remember one thing ..yu heard it first from 'Charlie ' (a.k.a Gaurav)

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Sep 11, 2017 8:36 pm

    Country comparison Russia vs India

    http://countryeconomy.com/countries/compare/russia/india
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    Singular_Transform

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    Re: Russian Economy General News: #8

    Post  Singular_Transform on Mon Sep 11, 2017 9:28 pm

    Russian car output up by 20% compared to the same three month of 2016.


    The July numbers revised by close to 20% upward.

    The annualised car sales can be 1.56 million by end of this year.

    Bad news is it needs 3.2 million car ales to stop the ageing of the Russian car stock.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Tue Sep 12, 2017 12:58 am

    Singular_Transform wrote:Russian car output up by 20% compared to the same three month of 2016.


    The July numbers revised by close to 20% upward.

    The annualised car sales can be 1.56 million by end of this year.

    Bad news is it needs 3.2 million car ales to stop the ageing of the Russian car stock.

    There is no bad news. Demand for replacements will drive production. There is no production
    bottleneck and all depends on demand.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Tue Sep 12, 2017 1:54 pm

    Doug Casey | I'm Increasingly Misanthropic


    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Tue Sep 12, 2017 2:03 pm

    Russian Railways can invest 5 trillion rubles in the long-term development program until 2025

    https://rns.online/transport/RZHD-mogut-investirovat-5-trln-rublei-v-ramkah-programmi-dolgosrochnogo-razvitiya-do-2025-goda--2017-09-07/

    In the framework of the long-term development program until 2025, RZhD can invest over 5 trillion rubles. This was told to journalists by RZD President Oleg Belozerov within the framework of WEF-2017.

    "More than 5 trillion rubles to 2025, we could invest, while the total investment in the railway sector, wherever we would like to participate - more than 7.5 trillion rubles," he said.

    As explained in the company, over 2 trillion rubles should come from other investors.

    The indicated means, he said, can be invested in infrastructure, in locomotives.

    Belozerov noted that RZD is trying to reduce the share of public investment and use alternative sources.

    "We do not refuse, including in the future, from preferred shares," the head of Russian Railways said. In part, they have already been bought out by the SWF, he agreed. "The sale was in favor of the state. But why not sell on the market? Therefore, solving the problem, so that we do not deteriorate covenants (in debt - RNS) we need money in the capital. We will solve it through PPP, eternal bonds - we need to attract money to the capital, "he said.

    While the issue of selling preferred shares on the market, according to Bedlozerov, was not discussed in detail. "We will clearly understand in 2018-2020," he said.

    In 2017, the investment program of the Russian Railways may amount to about 510 billion rubles, Belozerov said at a meeting with journalists in the framework of the railway forum "1520 Strategic Partnership" in Sochi.

    "The company's investment program will be adjusted. It has already been adjusted to about 495 (billion rubles - RNS), but we want to increase it to about 510 (billion rubles - RNS), "he said.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Tue Sep 12, 2017 4:19 pm

    The 5 trillion rouble in next 8 years is great news money spent in Infra will help in long term growth.


    kvs is this information on Russian debt and other accurate ?

    https://debtclock.tv/world/russia/


    JohninMK

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    Re: Russian Economy General News: #8

    Post  JohninMK on Tue Sep 12, 2017 11:46 pm

    This was really not supposed to be a by-product of sanctions, a huge boost to the Russian milk/beef production over the next few years as this herd will grow very fast.

    The French dairy giant Danone is set to transport almost 5,000 Holstein cows to Siberia from the Netherlands and Germany.

    Transportation is scheduled for the end of September. The animals will be transported by trucks from Europe to a farm near Tyumen (they will travel 4.5 thousand km). It is expected that the European livestock will give the first milk in the spring of next year.

    The Russian representative of Danone explained that the company plans to reduce the cost of production and, accordingly, to contain the price increases caused by Russian counter-sanctions.

    The French company hopes that price increases can be stopped or at least slowed down by next year, not only for milk, but also for other dairy products.

    With the arrival of additional milk to the Russian market, the supply will increase, and its difference to demand will be lower, explained the representatives of Danone.

    In 2014, Russia banned the import of dairy products from the EU in response to EU sanctions for the reunification with Crimea. Because of this, the demand for milk increased, as Russian cheese producers tried to replace their French and Italian counterparts. By moving livestock around, Danone will be able to achieve significant savings and introduce new supply of milk products to the Russian market.


    http://www.fort-russ.com/2017/09/french-dairy-giant-danone-moves.html

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Wed Sep 13, 2017 7:56 pm

    Economic Warfare at Work , Ban any US software from Russia Public Space

    DHS orders departments & agencies to remove Kaspersky products over 'Russian intelligence ties'

    https://www.rt.com/usa/403231-dhs-issues-directive-remove-kaspersky/

    T-47

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    EU Extends Sanctions on Russia by Six Months

    Post  T-47 on Thu Sep 14, 2017 3:03 pm

    EU Extends Sanctions on Russia by Six Months

    Arrow https://sptnkne.ws/fzy3


    Nobody cares thumbsup thumbsup thumbsup Laughing
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Fri Sep 15, 2017 1:19 am

    Austin wrote:The 5 trillion rouble in next 8 years is great news money spent in Infra will help in long term growth.


    kvs is this information on Russian debt and other accurate ?

    https://debtclock.tv/world/russia/


    Looks about right if considered in percentage terms. But they should cite their data sources.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Fri Sep 15, 2017 2:28 pm

    Russian Forex increase to $427 B , I wonder why CBR is so transparent about it just quietly remove 25 billion USD from Forex and transfer to reserver fund or stash it secretly or invest in Russian Economy.

    Higher forex will invite some kind of planned economic attack by West

    https://www.bloomberg.com/quote/RUREFEG:IND
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    PapaDragon

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    Re: Russian Economy General News: #8

    Post  PapaDragon on Fri Sep 15, 2017 10:11 pm


    Russian central bank says may consider FX purchases to top up reserves

    http://www.kitco.com/news/2017-09-15/Russian-c-bank-says-may-consider-FX-purchases-to-top-up-reserves.html

    ...Russia's central bank said on Friday it may consider buying foreign currency to restore its international reserves up to the level of $500 billion....

    JohninMK

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    Re: Russian Economy General News: #8

    Post  JohninMK on Fri Sep 15, 2017 11:13 pm

    The UN has analyzed the effect of sanctions imposed by the European Union on Russia. According to the report, the sanctions cost the EU's economy $ 3.2 billion a month or $38.5 billion per year, whereas for Russia, direct losses today amount to about $15 billion a year.

    The report emphasizes that the sanctions imposed did not have the desired effect, moreover, they proved to be counterproductive. As a result of globalization and full integration of the Russian Federation into the world economy, they affected the initiating countries themselves while stimulating the rapid growth of the local market.

    "The Russian example shows the expected adaptability (to sanctions) for a prosperous country with diverse resources, a highly qualified population and numerous trading partners."

    These kinds of repeated findings however do not slow down the aggressive behaviour of the US Congress to pass and implement new rounds of sanctions on behalf of their European partners.


    http://www.fort-russ.com/2017/09/un-eu-sanctions-against-russia-have.html
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Fri Sep 15, 2017 11:39 pm

    JohninMK wrote: The UN has analyzed the effect of sanctions imposed by the European Union on Russia. According to the report, the sanctions cost the EU's economy $ 3.2 billion a month or $38.5 billion per year, whereas for Russia, direct losses today amount to about $15 billion a year.

    The report emphasizes that the sanctions imposed did not have the desired effect, moreover, they proved to be counterproductive. As a result of globalization and full integration of the Russian Federation into the world economy, they affected the initiating countries themselves while stimulating the rapid growth of the local market.  

    "The Russian example shows the expected adaptability (to sanctions) for a prosperous country with diverse resources, a highly qualified population and numerous trading partners."

    These kinds of repeated findings however do not slow down the aggressive behaviour of the US Congress to pass and implement new rounds of sanctions on behalf of their European partners.


    http://www.fort-russ.com/2017/09/un-eu-sanctions-against-russia-have.html

    The EU has experience no import substitution stimulus, but Russia has. In fact, it counteracted the 15% one-off GDP drops in 2015 and 2016
    just from the paydown of $220 billion US in foreign debt (that is how GDP accounting works). So it is not accurate to claim that Russia suffered
    a yearly loss. Import substitution offset it by large factor.

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    Re: Russian Economy General News: #8

    Post  JohninMK on Fri Sep 15, 2017 11:47 pm

    Remember those gas turbines for Crimea that Seimens was shouting about. Well, well

    Being pressed by Russia, Siemens has reportedly refused to continue shipments of equipment for the modernization of the Ukrainian gas transportation system (GTS), CEO of NJSC Naftogaz of Ukraine Andriy Kobolev has said.

    "The first batch of compressors was supplied. These were compressors from Siemens, but then Siemens called and said that if they brought more, they would lose the Russian market," Kobolev announced at the 14th annual YES conference in Kyiv on Friday, September 15.

    He said Ukraine had to negotiate new supplies with General Electric.


    http://en.interfax.com.ua/news/economic/448997.html

    This must mean that the Ukrainians are betting on Russia shipping gas beyond 2019.
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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat Sep 16, 2017 12:43 am

    They are hoping, but it won't get them anywhere. Unless they will all gang up on porky to build relations again with Russia. But I doubt that anyone left in Ukraine wants relations with Russia.

    Anyway, I agree with KVS. Whatever loss Russia could be getting from sanctions, is supplementing it with growth in import substitution, while the EU relied on its sales greatly with Russia. What Russia is "losing" is questionable anyway, since Russia barely exported any end goods with EU and it was simply what they currently sell to EU - energy.

    JohninMK

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    Re: Russian Economy General News: #8

    Post  JohninMK on Sat Sep 16, 2017 1:20 am

    miketheterrible wrote:They are hoping, but it won't get them anywhere.  Unless they will all gang up on porky to build relations again with Russia. But I doubt that anyone left in Ukraine wants relations with Russia.

    Anyway, I agree with KVS. Whatever loss Russia could be getting from sanctions, is supplementing it with growth in import substitution, while the EU relied on its sales greatly with Russia. What Russia is "losing" is questionable anyway, since Russia barely exported any end goods with EU and it was simply what they currently sell to EU - energy.
    Barely mentioned is the out of the blue but very welcome economic impact that all those new 'were Ukie' Russians are having in Russia.

    In common with the rest of Europe the average age of populations was rising. They must be thanking their lucky stars in Moscow that some idiots in Washington decided to start a civil war in Ukraine which has driven young, educated Russian speakers into their arms.
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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat Sep 16, 2017 1:36 am

    I'm very curious to know what exactly of the proclaimed $15B Russia is "losing" per year. How I see it, Russia exported nothing but resources to Europe. They only recently started selling end goods and even food to EU, and this was after sanctions started (well, cars was before but in smaller amounts than now). My theory is, the $15B is purely in "cheap credit" which isn't causing Russia to lose $15B a year since it has to be paid back with interest. I also w9nder if they are lumping reduced prices of minerals into this as well to say "well, see, Russia is losing money too". Because lets be real here, Russia exported almost nothing to the west. And in that turn, I truly think they are trying to equate stuff that really has little to do with "gains" as some kind of loss.

    Maybe the import businesses lost out. All those small private shops selling named brand stuff. But that also had more to do with lower Ruble than anything else too. And sanctions only had a small part of that too.

    Russia was the nation importing all the junk EU is selling. So I think their losses from Russian market is far greater than claiming. But they may also be adding in what they are gaining with so much investment and production being moved into Russia, so there is possibly that too.
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    gaurav

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    Re: Russian Economy General News: #8

    Post  gaurav on Sat Sep 16, 2017 9:40 am

    Actually ESSAR company is involved corruption of not 1 or 2 rubles .. but in the scale of 5 to 6 billion usd.

    I think therefore ROSneft ESSAR (Galaxy scale cooperation was called off..)..

    Rosneft ESSAR cooperation would have changed the balance of forces on a planetary scale..
    The world power equations would have been cracked open if Rosneft ESSAR deal would have gone through .. The level of cooperation was truly gigantic scale..

    Public-interest litigation has been filed in Delhi’s top court asking for a special investigation into claims the Adani Group and other energy companies inflated coal and equipment prices to siphon money from India.

    The writ alleges the Adani Group, the Indian company Essar, and several others inflated the price of power equipment and coal “in order to cheat the people and to siphon off funds from public companies”.

    Subsidiaries of Essar and the Adani Group are among 40 companies who have been accused of using front organisations to increase the price of coal they mined from Indonesia. The total value of the alleged scam has been estimated at 290bn rupees.

    Austin wrote:Russian Railways can invest 5 trillion rubles in the long-term development program until 2025

    This was in response to India Japanese bullet train project .That is why any proposal in India directly affects Russian news media.
    Indo Japanese bullet train project
    Is Bullet train viable,or a reckless megalomaniacs vanity project,like his gas field where 20kCr went down the drain
    "This is not the right time for bullet train in the country but there was a need for improving existing facilities, speed, infrastructure and comforts of passengers," Sreedharan, also known as the 'Metro Man' for developing the vibrant Delhi Metro, said in an informal interaction with reporters on sidelines of a function here.
    He said the Railways should concentrate on betterment of the existing facilities at the outset and think of bullet train later.


    Last edited by gaurav on Sat Sep 16, 2017 9:47 am; edited 1 time in total (Reason for editing : Twitter link not working properly)
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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat Sep 16, 2017 7:48 pm

    Gaurav, you are believably the biggest retard since Vann.

    The Japanese bullet train has NOTHING to do with this railway project in Russia.

    Let me give you a hint - Russia has a railway line that extends from far east all the way to the European border.  Much of it needs to be modernized and extended to Sakhalin Island.  So it requires the large sum of money injection.

    This has absolutely nothing to do with some bullshit Japanese/Indian railway project that will barely get off the ground.

    I had to put you on ignore because you are beyond comprehensible in your horrific lack of intelligence.  I am surprised I am the only one putting in effort to put you in your place.

    also, your lack of knowledge on economics and geography is now well gained.  Your lack of even politics added too.

    You give too much emphasis of India, since Russia has no problems dealing with Pakistan as well in any kind of development, so it really goes to show how much Russia cares about Indian development. This goes by how India has no problem selling itself out to the US.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Sep 16, 2017 8:08 pm

    David Stockman -- 15 Sept 2017 -- DOW hits all time high. This market is fantasy land

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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat Sep 16, 2017 8:09 pm

    Back on track here regarding Russia and economy, and not make belief tin foil hat nuttery from Gaurav

    http://marchmontnews.com/Finance-Business/Central-regions/21865-Russias-crowdinvesting-grow-25-times-within-5-years-analysts-forecast-.html

    Russia’s crowdinvesting to grow 25 times within 5 years, analysts forecast

    In 2016, the Russian crowdinvesting and crowdlending market reached a fairly modest $20m, Firrma reported, citing research data from analysts at VentureClub.co, a Russian crowdinvesting platform.

    According to the Central Bank of Russia, Russia’s entire crowd-sector raised around $34m last year, with $20m of this amount generated by four domestic platforms that operate on a purely crowdinvesting/crowdlending model (VentureClub.co, Starttrack, Simex, and Alfa Potok). Globally, the market for crowdinvesting and crowdlending topped $24bn in 2016, according to Goldman Sachs.

    The experts believe crowdlending is more popular in Russia than crowdinvesting because it is thought to offer a clearer fund-return mechanism; crowdlending platforms “already compete successfully with banks in SME lending.” On the other hand, PE and angel investors are growing increasingly interested in crowdinvesting as well—despite the fact that angel investors account for only about 20% of total venture investing in Russia, a far cry from 80% in the developed markets.

    VentureClub analysts forecast that within just five years Russia’s market for crowdinvesting and crowdlending will reach $500m, hitting a tangible $4.5-5bn mark by 2027 already.

    Crowdinvesting, aka equity crowdfunding, is an alternative financial tool to bring capital into start-ups and small businesses from a broad-based microinvestor community.

    Crowdlending enables individuals (P2P model) or companies (P2B) to borrow from other individuals via special Internet platforms.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Sep 16, 2017 8:14 pm

    Deposits of the population in Russian banks since the beginning of the year increased by 5% - up to 24.8 trillion rubles'

    The population's deposits with Russian banks increased by 5% in eight months and as of September 1, 2017 amounted to 24.8 trillion rubles, the Central Bank's monthly review of the dynamics of the banking sector of the Russian Federation in August 2017 follows.

    "The population's deposits increased by 5.0% in eight months; more modest - by 0,9% - there was an increase in deposits and funds of organizations in the accounts. The portfolio of interbank loans attracted from non-resident banks has decreased by 14.0% since the beginning of the year. For January-August the volume of issued securities (bonds, bills and bank acceptances) increased by 4.8%, "the survey says.

    For eight months of 2017, the retail loan portfolio of banks grew by 7%. The assets of the banking sector increased by 4.5%; loans to the economy - by 3.5%, including loans to non-financial organizations - by 2.3%.


    Assets of Russian banks in January-August increased by 4.5% - to 82.1 trillion rubles


    In January-August 2017, the assets of Russian banks grew by 4.5%, according to the Central Bank's monthly review "On the dynamics of the banking sector of the Russian Federation in August 2017".

    "Over the eight months of this year, the assets of the banking sector increased by 4.5%; loans to the economy - by 3.5%; loans to non-financial organizations - by 2.3%, "the survey says.

    In August, the assets of the banking sector, with the elimination of the impact of currency revaluation, increased by 1.3% for operating banks, to 82.1 trillion rubles, the survey says.

    CB: the volume of loans granted to individuals in January-August increased by 7% - to 11.5 trillion rubles.


    For eight months of 2017, the retail loan portfolio of banks increased by 7% to 11.5 trillion rubles, the Bank of Russia's report "On the dynamics of the development of the Russian banking sector in August 2017" says.

    "Loans to individuals continued to grow at an accelerating rate: monthly growth (August) - by 1.6%, to 11.5 trillion rubles (this is the largest amount since February - the first month when the growth rate of the retail loan portfolio reached the positive zone) ", Says the review.

    In the eight months of 2017, the retail loan portfolio of banks increased by 7%.

    In January-August, the assets of the banking sector increased by 4.5%, loans to the economy - by 3.5%, including loans to non-financial organizations - by 2.3%.

    The volume of overdue debt on the retail portfolio increased from the beginning of the year by 3.8%, and by corporate - by 4.1%.

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    Re: Russian Economy General News: #8

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