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    Russian Economy General News: #8

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    AlfaT8

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    Re: Russian Economy General News: #8

    Post  AlfaT8 on Mon Oct 02, 2017 4:28 am

    GarryB wrote:Would be very funny if US sanctions forced countries to stop using the US dollar as a trading currency....

    Ohh the irony. Laughing
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    gaurav

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    Re: Russian Economy General News: #8

    Post  gaurav on Mon Oct 02, 2017 8:28 am

    Saudi Arabia -Russia relations.

    Visit by Saudi Monarch to Moscow .. to last for 4 days .
    4 days from wednesday to Sunday .. what the hell  Razz

    Russ saud :Back to teh future

    Russ Saudi redux

    news reports wrote:A summit between the Saudi King and Russian President Vladimir Putin will be held on Thursday
    to discuss enhancing and developing bilateral relations, and would also tackle a number of regional and international issues.
    The visit will last until Sunday.

    news wrote:“We hope that this visit will give a new powerful impetus to the development of bilateral relations,
    because the potential of our relations is much richer than the de facto situation, and we want to develop our
    dialogue in every possible way,” Peskov said.

    nuke plants and renewable energy combo .. strange mix eh? wrote:Saudi King’s official visit will also witness the signing of Russia of a number of memorandums and agreements
    with 6 Saudi governmental bodies.Two Saudi companies will also sign a number of deals with four Russian companies.
    The visit will also see the delivery of a number of investment permits.
    Asked whether the visit of King Salman constitutes a sign of the rapprochement of positions between Moscow and Riyadh,
    particularly concerning the Syrian crisis, Peskov said: “Saudi Arabia is a state that plays an important role in Arab
    and inter-Arab affairs. It is the leader of the Arab world.”

    He added that Russia is undoubtedly interested to keep its dialogue with the Kingdom.

    Kirill Dmitriev, the head of the sovereign Russian Direct Investment Fund (RDIF), said on Tuesday that the fund was in the final
    stage of negotiations with Saudi partners about major Russian projects in the kingdom, without giving specifics.He said, however,
    that the fund and its Saudi partners would announce the creation of a new investment platform in energy sectors, as well as
    investments in industry and infrastructure.One of the sources said there was interest in Saudi Arabia’s renewable energy sector,
    where the kingdom was looking for up to $50 billion in investment to help it produce 10 percent of its power from renewable sources.
    Saudi Arabia is also looking at nuclear energy to meet rising domestic power demand so more of its crude oil could be exported or converted into petrochemicals, rather than being used to generate electricity.


    Russia to take 2nd place after U.S ..? wrote:The Kremlin’s hand has also been strengthened by uncertainty over US president Donald
    Trump’s Middle East policies.“The Saudis see the writing on the wall. They are hedging their bets, unsure whether the United States is
    committed fully to the region’s security,” says Vladimir Frolov, a well-connected Russian foreign policy analyst. “[But] Russia is not replacing the United States in the region, the resources committed are incomparable, it is trying to be a second choice.”
    Although the Kremlin’s Syria strategy has proved to be a foreign policy success for Mr Putin and boosted Moscow’s standing in the Middle East, ordinary Russians have little enthusiasm for the war. A poll by the independent Levada Centre in early September indicated only 30 per cent of Russians want the Kremlin’s military operation in Syria to continue. That figure would be likely to slump even lower in the event of a large number of Russian casualties in Syria, says Mr Frolov.

    Despite what the Moscow Carnegie Centre think-tank describes as “deep distrust” between Russia and Saudi Arabia, co-operation by the
    world’s two largest oil exporters, along with other OPEC member states, has been successful in driving up the price of oil. Russia’s economy
    is massively dependent on oil revenues: Mr Putin needs higher global oil prices to allow him to stem rising unhappiness that has been triggered
    in part by falling living standards.


    This visit will truly be a tectonic shift in equations resulting in huge opportunities for Russian and Saudi people
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    d_taddei2

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    Re: Russian Economy General News: #8

    Post  d_taddei2 on Mon Oct 02, 2017 10:51 pm

    Russian Prime Minister Dmitry Medvedev on Monday signed a government decree on the establishment of four new accelerated development territories in the country


    https://sputniknews.com/russia/201710021057884553-russia-accelerated-development-government/

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Thu Oct 05, 2017 10:08 am

    Kudrin estimated the damage to Russia from the militarized budget

    Redistribution of expenses would increase the economy in 20-30 years by almost a quarter

    The economy would already grow faster today, if the expenses of the entire state in 2011-2017. were distributed more efficiently, according to the article of the chairman of the Center for Strategic Research (CSR) Alexei Kudrin and director of the Center for International Trade Studies of the Russian Academy of Science and Technology Alexander Knobel.

    Expenditure on education for this period decreased from 3.7% to 3.5% of GDP, for health and sports - from 3.5% to 3.3%, for security and law enforcement from 2.5% to 2.3%. But the defense grew from 2.5 to 3.1% of GDP, especially in 2014-2016: from 3.2 to 4.4%. According to the authors of the article, such a redistribution of costs annually deprives the economy of 0.3 pp growth rates.

    In early September, Kudrin published an article that revealed part of Russia's development strategy until 2024, presented by the CSR to President Vladimir Putin. The key proposal is a budget maneuver: to increase spending on education, healthcare, road construction and transportation by 0.9%, 0.7% and 0.9%, respectively, while cutting spending on security forces (by 0.5%) and defense (by 0 , 3%). Such a maneuver Kudrin proposed back in 2011 in the strategy 2020. And if it was undertaken even then, for 5-7 years, an additional contribution to the growth rate of the economy would be 0.4 pp, for 10-15 years - 0.8 pp, and for 20-30 years this would increase GDP by 20-25%. This is the minimum provided only by the redistribution of costs, without reforms and increasing the effectiveness of institutions, explains Knobel.
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    GarryB

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    Re: Russian Economy General News: #8

    Post  GarryB on Thu Oct 05, 2017 11:22 am

    They need to stop seeing it as spending and start seeing it as investing in the Russian economy.

    Whether the bill says the spending was on T14 tanks made in Russia or exercise books for primary schools printed in Russia the end result is money spent in Russia for Russian workers to earn money, to pay taxes, etc etc.

    What would be better is efficiency drives that cut wasted spending that ends up overseas, or in the hands of a few that really don't need any more money.


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    ― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order
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    flamming_python

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    Re: Russian Economy General News: #8

    Post  flamming_python on Thu Oct 05, 2017 12:22 pm

    Austin wrote:Kudrin estimated the damage to Russia from the militarized budget

    Redistribution of expenses would increase the economy in 20-30 years by almost a quarter

    The economy would already grow faster today, if the expenses of the entire state in 2011-2017. were distributed more efficiently, according to the article of the chairman of the Center for Strategic Research (CSR) Alexei Kudrin and director of the Center for International Trade Studies of the Russian Academy of Science and Technology Alexander Knobel.

    Expenditure on education for this period decreased from 3.7% to 3.5% of GDP, for health and sports - from 3.5% to 3.3%, for security and law enforcement from 2.5% to 2.3%. But the defense grew from 2.5 to 3.1% of GDP, especially in 2014-2016: from 3.2 to 4.4%. According to the authors of the article, such a redistribution of costs annually deprives the economy of 0.3 pp growth rates.

    In early September, Kudrin published an article that revealed part of Russia's development strategy until 2024, presented by the CSR to President Vladimir Putin. The key proposal is a budget maneuver: to increase spending on education, healthcare, road construction and transportation by 0.9%, 0.7% and 0.9%, respectively, while cutting spending on security forces (by 0.5%) and defense (by 0 , 3%). Such a maneuver Kudrin proposed back in 2011 in the strategy 2020. And if it was undertaken even then, for 5-7 years, an additional contribution to the growth rate of the economy would be 0.4 pp, for 10-15 years - 0.8 pp, and for 20-30 years this would increase GDP by 20-25%. This is the minimum provided only by the redistribution of costs, without reforms and increasing the effectiveness of institutions, explains Knobel.

    Shut up Kudrin.

    You had your seat at the head of the table. You did an alright job. Not great, not terrible, but alright. Yet here you're billing yourself off as some kind of oracle  Laughing
    WTF.

    Russia has moved on from you and your policies.

    Investing into military procurement for Russia is a great means by which to drive industrial and high-tech growth. At this point in time. No-one says they're going to do it this way forever. The point is to use it as a boost, a stimulus.

    Those same Almaz-Anteys, OmskTransMashes, etc... have all been given the task of deriving at least half their profits from sales to the civilian market by 2020-2025. And some have nearly achieved it already. While others are still in the process. But what I can say is that none of them would have had a chance of achieving it were it not for the massive amount of government orders that allowed them to invest into modernization and R&D of new products and technologies.

    The shipyards that have been building the Admiral Grigoroviches, Steregushchys, Buyan-Ms, minesweepers, coast guard ships, logistics vessels and military tugboats are now going onto producing fishing trawlers, civilian icebreakers, oil rig platforms, tankers and even luxury yachts; many of these with an eye for the export-market in the medium-term. And none of this would have been possible without the Navy's orders over the last 6-7 years, and that time & money they spent regaining experience, taking on and training a new generation of personnel and modernizing their equipment.

    Where did the Sukhoi Superjet come from? The MS-21? The prospective Ka-62 for the civilian market?
    They all came from the same military design bureaus and factories (Sukhoi, Irkut, Kamov, etc...). True those enterprises were doing okay even without the military's orders, and got a head-start on civilian production well ahead of the others - but still, more money invested into them over the past 5 years through placing orders, has given further dividends in terms of their civilian production too.

    So suck it up. Root-less cosmopolitan parasite.
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    PapaDragon

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    Re: Russian Economy General News: #8

    Post  PapaDragon on Thu Oct 05, 2017 1:43 pm

    '
    Russian Price Gauge Is Sinking So Low It Could Outdo U.K.


    https://www.bloomberg.com/news/articles/2017-10-04/russian-price-gauge-sinking-so-low-it-s-close-to-outdoing-u-k

    (inflation)
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Thu Oct 05, 2017 4:31 pm

    flamming_python wrote:

    Shut up Kudrin.

    []

    So suck it up. Root-less cosmopolitan parasite.

    Well not all from Kudrin sucks only 98%. And yes I wonder if he is US influence agent or natural born idiot? Whatever no idea why he is still alive. My new love in minister Oreshkin though Smile


    Austin wrote:Kudrin estimated the damage to Russia from the militarized budget

    Redistribution of expenses would increase the economy in 20-30 years by almost a quarter


    He did not mention though if Russia would exist as a state without investing in military and security. Nobody from liberastic presstitutes dared to ask or what?
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Thu Oct 05, 2017 4:36 pm

    Austin wrote:^^ Looks like Best Bet for Russia , Join China and Sell Energy Products in Yuan atleast 40-50 % of their energy products

    or Ruble. Create also gas exchange with Iran. This would let Russia borrow money cheap Smile
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Thu Oct 05, 2017 4:41 pm

    gaurav wrote:Saudi Arabia -Russia relations.

    Visit by Saudi Monarch to Moscow .. to last for 4 days .
    4 days from wednesday to Sunday .. what the hell  Razz


    This visit will truly be a tectonic shift in equations resulting in huge opportunities for Russian and Saudi people


    Not sure if King of KSA careas about people in Russia or KSA. Surely about own status. IMHO Russia can accept Saudis "imperial tax" for things you cannot close sell or take out. Like highways, roads, ports or railway. If Saudis go bad you can take it form them if they behave still billions invested give multiplication effect and release resources to other things like hi tech.
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    flamming_python

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    Re: Russian Economy General News: #8

    Post  flamming_python on Thu Oct 05, 2017 5:21 pm

    GunshipDemocracy wrote:
    gaurav wrote:Saudi Arabia -Russia relations.

    Visit by Saudi Monarch to Moscow .. to last for 4 days .
    4 days from wednesday to Sunday .. what the hell  Razz


    This visit will truly be a tectonic shift in equations resulting in huge opportunities for Russian and Saudi people


    Not sure if King of KSA careas about people in Russia or  KSA. Surely about own status. IMHO Russia can accept Saudis  "imperial tax"  for things you cannot close sell or take out. Like highways, roads, ports or railway.  If Saudis go bad you can take it form them if they behave still billions invested give multiplication effect and release resources to other things like hi tech.

    It's funny because the latest news is that Saudi Arabia is planning to invest into among other things - Russian toll roads/highways, a stake in St. Petersburg airport, business/commercial complexes and a hydroelectric power plant. Smart Russians Twisted Evil

    The other deals are investment funds, Saudi participation in a 2nd LNG project in the Russian Arctic (the 1st being the Yamal LNG project that is just coming online), logistics, and also interestingly enough - the construction of a petrochemical plant in Saudi Arabia with the participation of Sibur (Russia's top petrochemical company), and negotiations over Rosatom building a nuclear power plant in Saudi Arabia. And these things aren't exactly short-term projects that are easy to cancel.. you cancel the construction of an NPP and you will have to pay a lot of damages, and will have wasted years of time and plenty of money aside from that too.
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Thu Oct 05, 2017 9:30 pm

    My new love - minister Oreshkin



    http://tass.ru/ekonomika/4596321

    http://www.ng.ru/economics/2017-09-28/1_7083_oreshkin.html

    Federation Council Speaker Matvienko to Oreshkin
    :

    According to the speaker, if you do not set yourself ambitious tasks, then there will be nothing to strive for. She noted that the development forecast is sluggish and can, of course, remain so. "Well, not for this time, not for Russia, not for you, as for the young minister,but after numerous discussions on Russia's strategic development program, it would be desirable to make command decisions by people who are ready to take responsibility for such decisions. in this regard, a great hope for you, and if you continue to move in the same way, interest in the Ministry of Economics will all lose, "- warned Matvienko.


    She noted that it is important not only to ascertain the growth rates, but also to say what real measures will be taken to ensure that they are "at least 1.5-2 times higher." "You have to work on this, collect the egghead team, take an ambitious program, you realize it, this is already awaiting the society." We have some ministers, I will not call them, they think they are ministers of the Garden Ring. a great country like Russia, without attentive to the issues of economic development of each region, which has its own specifics, its problems, but also its potential, there will not be such a cumulative effect of the country's economic development, " said.

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/4596321



    https://sputniknews.com/russia/201709251057667247-russia-balance-payments-oreshkin/

    "According to our estimates, in order for the Russian economy to reach the growth rates above the world average compared to the level of 2016, we need to add about 5 trillion rubles of additional investment each year," Oreshkin said.


    Beautiful mind. If press is not distorting his words out of context he is just beautiful mind talking cheap sht having no clue how to make economy run faster besides dancing rainmakers dance hoping for ancient gods of investment to bring money and technologies. Chubais no 2? WTF


    flamming_python wrote:
    It's funny because the latest news is that Saudi Arabia is planning to invest into among other things - Russian toll roads/highways, a stake in St. Petersburg airport, business/commercial complexes and a hydroelectric power plant. Smart Russians Twisted Evil

    The other deals are investment funds, Saudi participation in a 2nd LNG project in the Russian Arctic (the 1st being the Yamal LNG project that is just coming online), logistics, and also interestingly enough - the construction of a petrochemical plant in Saudi Arabia with the participation of Sibur (Russia's top petrochemical company), and negotiations over Rosatom building a nuclear power plant in Saudi Arabia. And these things aren't exactly short-term projects that are easy to cancel.. you cancel the construction of an NPP and you will have to pay a lot of damages, and will have wasted years of time and plenty of money aside from that too.


    and who said Syria is only about spending taxpayers' money?  Smile  This might also help UAE to finance Yak-141 and Iran to be nice while asking for new passenger planes Smile
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    PapaDragon

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    Re: Russian Economy General News: #8

    Post  PapaDragon on Thu Oct 05, 2017 10:16 pm


    Saudi Arabia to invest record $10 bn in Russia

    https://www.rt.com/business/272104-russia-saudi-investment-partnership/

    Your move Iran... Cool
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Thu Oct 05, 2017 10:29 pm

    PapaDragon wrote:
    Saudi Arabia to invest record $10 bn in Russia

    https://www.rt.com/business/272104-russia-saudi-investment-partnership/

    Your move Iran... Cool

    Iran does not have so much free cash as Saudis but much better technical graduates and potentially important market due to size. US unlikely let this 100 bln usd of Iranian money go so easily. If they are released then civilian aircraft or mechanical plants would be nice addition.

    BTW fom Saudis I'd expect 20+ bln or in Yemen or Syria should be more sunni whacking Twisted Evil Twisted Evil Twisted Evil
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    PapaDragon

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    Re: Russian Economy General News: #8

    Post  PapaDragon on Thu Oct 05, 2017 11:01 pm

    GunshipDemocracy wrote:..............
    Iran does not have so much free cash as Saudis but much better technical graduates and potentially important market due to size.  US unlikely let this 100 bln usd of Iranian money go so easily.  If they are released then civilian aircraft or mechanical plants would be nice addition.

    BTW fom Saudis I'd expect 20+ bln or in Yemen or Syria should be more sunni whacking Twisted Evil Twisted Evil Twisted Evil

    It's only first day. And Iran definitely has cash, not as much as Sauds but quite enough. Cool

    I expect them to show up soon after this, they wouldn't want to be upstaged by Great Satan's Minion (TM).

    I just hope either Sauds or Iran drop some cash for SSJ-100. It's not like they don't need something like that.
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    GunshipDemocracy

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    Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Oct 05, 2017 11:30 pm

    PapaDragon wrote: I expect them to show up soon after this, they wouldn't want to be upstaged by Great Satan's Minion (TM).
    lol1 lol1 lol1


    PapaDragon wrote:vI just hope either Sauds or Iran drop some cash for SSJ-100. It's not like they don't need something like that.
    The Great Satan is gonna say no for SJ100 for Iran. Sauds would be nice suprise to buy 50 or so Smile

    If negotiations stall at some point Saudis can always watch RT channel showing new Caliber salvos. Then investment climate will increase dramatically Razz
    Roads, airports good railways too. This increases productivity. Even electrical grids. Easier to open business to deliver goodies or commute.

    But any cash investment can be wasted as long as liberastic block is in power. How minister of economic development can only report what happens and not trying influence what is going to happen?!

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