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    Russian Economy General News: #9

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    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Mon Nov 06, 2017 7:25 am

    GunshipDemocracy wrote:
    Austin wrote:Well if CBR is not sabotaging buying more US T Bills every month then what it is.

    The Gold they buy is half of value then the T bills they hold.

    Why would any one buy T Bills from a country who is expelicity hostile and has sanctioned is beyond any ones bet.

    Why cant they buy more IMF SDR or even Euro Bonds or Chinese Bonds beats me , If this is not sabotage then what it is , Today T-Bills Value in Russian Forex is $105 and it has been steadily rising , why subsidise those Idiots with hard earned Russian Money when so many options are available to CBR ?

    US currency we want or not is reserve currency t the whole world. In order provide banks with currency liquidity CBR has to pile up USD. Russia's US denominated debt is decreasing but still high. I think CBR can protect economy form sudden blows of speculators. IMF is based and directed by whom? US, Euro has its part in reserves but is not main reserve currency yet. Neither Yuan. We like this or not.

    BTW Yunan was sill recently pegged to USD too.

    If you invest in IMF SDR you still have some flexibility as IMF is based on Basket of Currency and not just USD.

    If they invest directly in USD then you are dependent on Whimps and Fancies of US Congress or White House both are hostile and can freeze it over night.

    If Russian Companies needs US Currency they can keep bare minimum for transactional purpose and not keep buying US T bills and keep risking more and more.

    You can still transact in Euro and Russian has leverage against Euro in terms of energy what is leverage Russia has against US pretty much nothing short of war.

    China and US has a MAD on Economy , So investing in Yuan is a much safer bet even if its pegged against USD , Yuan has got Reserve Status now and with China you can still trade and devleverage the risk more so with PEtro Yuan Coming.

    Bottom Line is CBR is Screwing Russia by investing in more T Bills when other options are available. It should have minimum exposure to T Bills in worst case.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Tue Nov 07, 2017 1:07 pm

    A longish article by A Kudrin

    "Budget maneuver and restructuring of the Russian economy"

    https://akudrin.ru/news/statya-v-zhurnale-voprosy-ekonomiki-byudzhetnyy-manevr-i-strukturnaya-perestroyka-rossiyskoy-ekonomiki
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Nov 09, 2017 3:59 am

    Austin wrote:

    If you invest in IMF SDR you still have some flexibility as IMF is based on Basket of Currency and not just USD.

    If they invest directly in USD then you are dependent on Whimps and Fancies of US Congress or White House both are hostile and can freeze it over night.

    If Russian Companies needs US Currency they can keep bare minimum for transactional purpose and not keep buying US T bills and keep risking more and more.

    You can still transact in Euro and Russian has leverage against Euro in terms of energy what is leverage Russia has against US pretty much nothing short of war.

    China and US has a MAD on Economy , So investing in Yuan is a much safer bet even if its pegged against USD , Yuan has got Reserve Status now and with China you can still trade and devleverage the risk more so with  PEtro Yuan Coming.

    Bottom Line is CBR is Screwing Russia by investing in more T Bills when other options are available. It should have minimum exposure to T Bills in worst case.

    Then can reach the only one conclusion  Uncle Vova is harming economy.  Although I am no fan of  liberals  I see it this way.


    1) Putin has chosen low risk approach
    . Although all theoretically possible options you have proposed work nobody tested this before and in current  geopolitical situation this might mean suicide of Russian economy and people's faith in rebuilding of country.

    Please note he has news from analytical centers behind closed doors,  intelligence, industrialists.  On level we never can reach or even know.


    2) what liberals do?
    Sealing/healing  banking system
    replacing external borrowing with internal one
    building new financial  instruments (to invest in economy in Russia not outside) - you need to attract money after you release funds from banks right? after interest rate goes down.
    extending pension age

    All this is needed although unpopular thus always after elections then new president (accidentally Putin)  can be replaced.


    3) China
    Bank of China has invested ~ 30 times more in US papers then Russia where  PPP economy ratio is 5,5:1
    Chinese GDP grew  7-9% pa when interest rate was like 6,5%

    Do ypu think that Chinese CB is working for US?
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Thu Nov 09, 2017 4:36 am

    It is obvious that China has a special relationship with the US and its vassals. That is why China does not get
    the 24/7 hate propaganda campaign that Russia gets. China has received vast amounts of direct investment
    from Uncle Scumbag and his minions so the $1 trillion in treasury bills owned by China are a kind of quid pro quo
    and at such magnitudes give China some leverage.

    In other words, comparing China and Russia on the treasury bill issue does not absolve the CBR from its guilt.
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    Cyberspec

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    Re: Russian Economy General News: #9

    Post  Cyberspec on Thu Nov 09, 2017 10:54 am

    kvs wrote:It is obvious that China has a special relationship with the US and its vassals.   That is why China does not get
    the 24/7 hate propaganda campaign that Russia gets.    China has received vast amounts of direct investment
    from Uncle Scumbag and his minions so the $1 trillion in treasury bills owned by China are a kind of quid pro quo
    and at such magnitudes give China some leverage.

    In other words, comparing China and Russia on the treasury bill issue does not absolve the CBR from its guilt.

    China isn't exactly loved in the MSM...but yeah due to it's economic importance to the empire the media attacks are limited in comparison to Russia. Also China hasn't yet directly clashed with any of the US vassals militarily...and they probably won't until they feel strong enough
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    PapaDragon

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    Re: Russian Economy General News: #9

    Post  PapaDragon on Fri Nov 10, 2017 5:16 pm


    Russia Buying Gold at Record Pace, Unlikely to Lose Momentum

    https://sputniknews.com/business/201711101058993652-russia-gold-reserves-sanctions-risks/
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Nov 12, 2017 3:05 am

    Cyberspec wrote:
    kvs wrote:It is obvious that China has a special relationship with the US and its vassals.   That is why China does not get
    the 24/7 hate propaganda campaign that Russia gets.    China has received vast amounts of direct investment
    from Uncle Scumbag and his minions so the $1 trillion in treasury bills owned by China are a kind of quid pro quo
    and at such magnitudes give China some leverage.

    In other words, comparing China and Russia on the treasury bill issue does not absolve the CBR from its guilt.

    China isn't exactly loved in the MSM...but yeah due to it's economic importance to the empire the media attacks are limited in comparison to Russia. Also China hasn't yet directly clashed with any of the US vassals militarily...and they probably won't until they feel strong enough

    @kvs: so what would you suggest for  CBR to do? not to rise % then poor people would loose their savings and rich would transfer all their funds abroad via leaky banking system?

    @Cyberspec: Somebody here called US-China relations as economical MAD.


    As for  China - Russia - US. There is no way you can stop Us form a dominate position in economy in current world order. Simple because US is setting rules Smile China's and Russia's most important task now is to build a parallel economical order. I believe this one will be yuan or yuan /gold based. Thai is one of reasons China so much wants to biuld internal demand based economy.  The gradual move form dollar can start. Earlier is like shooting to own foot or knee.



    Kostin: The Bank of Russia will reduce the key stake by the end of the year


    "I think that they (the Central Bank of the Russian Federation - TASS comment) should reduce until the new year, it's hard to say how much." The potential is big. "If inflation is less than 3%, the rate may well be reduced to 6% .But the Central Bank also has its reasons, when it so the decline will go on a quarter or a maximum of half, "- said Costin.

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/4719206
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    PapaDragon

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    Re: Russian Economy General News: #9

    Post  PapaDragon on Mon Nov 13, 2017 8:38 pm


    Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

    http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Tue Nov 14, 2017 3:53 am

    PapaDragon wrote:
    Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

    http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

    After over a decade of 15% CPI (during the 2000s) a normal rate for Russia would be 6%. There is no credit
    to be given here. The draconian rate policy of the CBR is causing excessive cooling of the economy and hence
    inflation. What will happen from this artificial condition is that there will be an inflation increase in the near
    future.

    par far

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    Re: Russian Economy General News: #9

    Post  par far on Wed Nov 15, 2017 3:30 am

    What to make of this article?

    https://www.globalresearch.ca/how-british-ministers-spies-oligarchs-bankers-and-russian-diplomats-colluded-over-brexit/5618193

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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Wed Nov 15, 2017 6:03 am

    par far wrote:What to make of this article?

    https://www.globalresearch.ca/how-british-ministers-spies-oligarchs-bankers-and-russian-diplomats-colluded-over-brexit/5618193


    A stream of retarded drivel. Giving Browder the role of impartial observer is grotesque. He is a Sorosite stooge with
    a 100% anti-Russian agenda. Magnitsky was not killed. He died from lack of proper medical attention. That is
    too bad, but something that occurs in US jails. I don't see any anti-American international legislation resulting from
    such deaths. Also, Magnitsky was not a lawyer of any sort, he was a key accountant at Browder's corrupt company
    called Heritage Capital in Russia. Browder is a crook and was basically driven out of Russia for facilitating large scale
    financial crime.

    BTW, the behaviour of Russian criminals does not imply that the Russian government and Russian people are criminals.
    I am seeing a systematic treatment of illicit dealings by westerners with Russian crooks as equivalent to dealing with
    the Russian state. For example the Kazakhstan uranium that Hillary supposedly "lost".

    par far

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    Re: Russian Economy General News: #9

    Post  par far on Wed Nov 15, 2017 7:13 pm

    kvs wrote:
    par far wrote:What to make of this article?

    https://www.globalresearch.ca/how-british-ministers-spies-oligarchs-bankers-and-russian-diplomats-colluded-over-brexit/5618193


    A stream of retarded drivel.    Giving Browder the role of impartial observer is grotesque.  He is a Sorosite stooge with
    a 100% anti-Russian agenda.   Magnitsky was not killed.   He died from lack of proper medical attention.   That is
    too bad, but something that occurs in US jails.   I don't see any anti-American international legislation resulting from
    such deaths.   Also, Magnitsky was not a lawyer of any sort, he was a key accountant at Browder's corrupt company
    called Heritage Capital in Russia.   Browder is a crook and was basically driven out of Russia for facilitating large scale
    financial crime.  

    BTW, the behaviour of Russian criminals does not imply that the Russian government and Russian people are criminals.  
    I am seeing a systematic treatment of illicit dealings by westerners with Russian crooks as equivalent to dealing with
    the Russian state.   For example the Kazakhstan uranium that Hillary supposedly "lost".  


    Thanks for the reply Kvs, I read the article couple of times and researched the names involved and thought the same thing but just wanted to be sure.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Wed Nov 15, 2017 8:30 pm

    kvs wrote:
    PapaDragon wrote:
    Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

    http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

    After over a decade of 15% CPI (during the 2000s) a normal rate for Russia would be 6%.   There is no credit
    to be given here.   The draconian rate policy of the CBR is causing excessive cooling of the economy and hence
    inflation.   What will happen from this artificial condition is that there will be an inflation increase in the near
    future.

    I am not a fan of liberals but what would you do then? just curiosity? let a stream of money to be poured to offshore? lost because of bribery schemes? poor legal regulations? pouring money without ability of managing it is risk to lose biggest part.

    Vostochny...billions stolen , people with huge arrears in payments and delay of 2 years. Dont you think before first cleaning this would be pretty risky...




    Typical stuff from liberasts. HSE is either wrongly quoted or only sad bunch of morons are there. looks at statistics below. Did anybody compared structure of economy? who is going to pay for research? "creative class" i.e. importers ? lawyers or fashion designers? As long as Russia doesn not grow own private business ecosystem who form business is going to finace science?


    https://www.kommersant.ru/doc/3466696

    Science is getting used to the state ruble
    Monitoring of statistics


    The bulk of science funding in Russia in 2016 came from the state (68%, or 643.4 billion rubles.), With almost half (53.7%) directly from the federal budget. Such data are contained in the "Science. Technologies. Innovations: 2017 »of the Institute for Statistical Studies and Economics of Knowledge at the Higher School of Economics. It follows that business accounts for only 28.1% (265.3 billion rubles) of financing. At the same time, since 2000, it decreased by 4.8 percentage points, while the state's share increased by 13.4 points. Also, the contribution of foreign sources decreased from 12% to 2.7%. The highest share of public funds in such sections as "Life Sciences" - 84.2%, "Industry of Nanosystems" - 82.6%, "Energy Efficiency and Nuclear Energy" - 74.9%. Less than all the state finances "Rational nature management" - 55.3%.


    Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Wed Nov 15, 2017 9:08 pm

    This would be nice.

    Game only white
    The commodity market of Russia can become completely transparent by 2024


    Until 2024, a system of continuous traceability of goods turnover could be deployed in Russia - after the discussion of the drug labeling experiment in the government it was decided to start developing the system from January 2018, when five departments and Rostekh will submit the corresponding concept to the White House. Russia can become the first country in the world to fully control any commodity business operations along with retail sales and taxation. It is impossible to calculate the possible consequences of full transparency of the commodity market in the Russian Federation. One can only expect very rapid digitalization of trade and automation of reporting, the isolation of a part of the gray economy sector, transparency for taxation of the majority of businesses and individuals.

    As it became known to Kommersant, following the results of the November 10 meeting, Prime Minister Dmitry Medvedev's five agencies (Minpromtorg, the Ministry of Finance, the Federal Tax Service, the Federal Customs Service, the Federal Security Service) were instructed to develop and submit to the White House "projects on January 25 concept on the creation in the Russian Federation of a system for marking goods with control (identification) signs. " The meeting was devoted to already existing projects in the field of goods identification (labeling some medicines, RFID tags on the market of the EAPS for the turnover of bellows and the future system of labeling of tobacco products), despite this, the largest number of participants was gathered - the first vice- Prime Minister Igor Shuvalov, Deputy Prime Minister Arkady Dvorkovich, the heads of the Ministry of Industry and Trade Denis Manturov, the Finance Ministry Anton Siluanov, the Federal Tax Service of Russia Mikhail Mishustin, the leadership of the government apparatus, the head of "Rosteha" Sergei Chemezov. The instructions for the meeting were not made public. As confirmed by "Kommersant" Igor Shuvalov, the meeting also discussed various aspects of the implementation of the "system of full transparency of the commodity market" in the Russian Federation.

    Who plans to create cash register equipment and tags with cryptographic protection for marking goods
    Who plans to create cash register equipment and tags with cryptographic protection for marking goods
    According to the draft Dmitry Medvedev's instructions, which he familiarized with Kommersant, it is about the preparation of a legislative and conceptual framework for, apparently, the largest project of control over commodity markets that existed in the history of the country - a system of continuous marking of goods with identification signs until 2024 and "activities on the transition to the system of traceability of movement of all groups of goods on the territory of the Russian Federation ". This is an early stage of the discussion - it is stipulated only that the Ministry of Industry and Trade will coordinate the entire program and be the customer of the labeling system, the Ministry of Finance, the Federal Tax Service and the FCS - by the bodies that operate the system and regulate it, including the legal one. The system itself is proposed to be provided within the framework of public-private partnership, on this question the FAS was requested. The project will require the creation of a separate federal law on labeling of goods with control (identification) signs, which is entrusted to the Ministry of Finance of the Russian Federation. According to Kommersant's information, the materials were presented by the Center for the Development of Advanced Technologies (CGPT), a joint company of Elvis-Plus Group, Alexander Galitsky, a provider of billing systems Megafon by Peter Service and the Automation Group of the GK "Rostekh" (see "Online" on August 8 - we recall that the transition to the structure of Automation by the developer of the EGAIS FGUP NTTs Atlas is assumed).

    The cost of the system throughout the country is now impossible to accurately assess - obviously, it will require the expansion of the existing data processing centers (DPC) of the Federal Tax Service of Russia and the construction of new specialized data centers, the completion of the integration of the relevant IT systems of the FCS, the Federal Tax Service and the Ministry of Finance.

    The cost of the project for five to six years can be estimated in tens of billions of rubles, the project is guaranteed to pay for itself - from the macroeconomic point of view, identification marks are analogous to vanishingly small turnaround taxes from legal entities, which can only be avoided by the total removal of operations in the shade. According to the experience of marking medicines in 2017, technically the marking can be fully implemented with QR codes on the protected brand and KKT of the current generation. The strategy of introduction of identification has not yet been determined - it can be introduced into different groups of goods and at different times: and as mandatory (in this case legal operations with unmarked goods will be impossible), both voluntary and voluntary up to a certain date.

    The advantages of the new system for the state are obvious - its integration with the "single cash voucher" of automated control systems of the Federal Tax Service, customs databases (and in the future and in certain parts and with the data of electronic payment systems) will allow the government of the Russian Federation to become, apparently, the world's first authority, which is able to analyze most of the commodity transactions in the country in real time - now close to the RF Federal Tax Service is available only from the tax structures of South Korea and partly Singapore. Potential opportunities and flexibility of the tax system that can work with such infrastructure, the potential of the "electronic state" on this basis is an order of magnitude higher than the analogues in the world. For business, the system of mandatory standardized state registration can become "forced progress" in automation, digitalization of reporting and logistics:

    The same thing that is now impossible to calculate - the reaction of the informal economy (according to ACCA, in 2016 it is up to 39% of the GDP of the Russian Federation) to full transparency of commodity markets with a fairly strict strategy for introducing mandatory identification of goods. De facto, such measures put before market participants using shadow schemes only partially, the dilemma is the complete withdrawal of this part of the business into the shade with the use of only cash turnover (which greatly increases the criminal risks), a complete whitewash of all sales for several years or the closure of business in the case if it is not profitable outside the shadow. The price of the issue in this case is a few percent of GDP until 2024 and a few percentage points of employment in the shadow sector. The latter, however, in conditions of demographically determined problems in the labor market, will be more likely to benefit both the authorities and employers.

    Dmitry Butrin, Denis Skorobogatko

    https://www.kommersant.ru/doc/3467482?from=four_economic
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    Singular_Transform

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    Re: Russian Economy General News: #9

    Post  Singular_Transform on Wed Nov 15, 2017 9:20 pm

    GunshipDemocracy wrote:


    Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7


    The Chinese data makes the whole analysis questionable.


    The best part of the Chinese economy is SOE .
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Wed Nov 15, 2017 10:30 pm

    Singular_Transform wrote:
    GunshipDemocracy wrote:


    Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7


    The Chinese data makes the whole analysis questionable.


    The best part of the Chinese economy is SOE .

    maybe HSE counts state owned enterprise in China ordering R&D on the university as business paying for science and in Russia state on behalf of Russian state enterprise is paying directly to university Smile in US overpaid orders fo military equipment is making dual technologies fairly available for own companies and if you refuse to buy american you got orange revolution or direct aggression Smile
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Thu Nov 16, 2017 12:30 am

    GunshipDemocracy wrote:
    kvs wrote:
    PapaDragon wrote:
    Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

    http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

    After over a decade of 15% CPI (during the 2000s) a normal rate for Russia would be 6%.   There is no credit
    to be given here.   The draconian rate policy of the CBR is causing excessive cooling of the economy and hence
    inflation.   What will happen from this artificial condition is that there will be an inflation increase in the near
    future.

    I am not a fan of liberals but what would you do then? just curiosity? let a stream of money to be poured to offshore? lost because of bribery schemes? poor legal regulations? pouring money without ability of managing it is risk to lose biggest part.

    Vostochny...billions stolen , people with huge arrears in payments and delay of 2 years. Dont you think before first cleaning this would be pretty risky...

    Actually Putin cracked down effectively on Vostochny corruption. There was an 18 month total project delay and various clowns are doing jail
    time or are before the courts and facing hard jail time. "Billions stolen" would have meant the project would still be unfinished. Clearly the
    response was fast enough to squash the stealing.



    Typical stuff from liberasts. HSE is either wrongly quoted or only sad bunch of morons are there. looks at statistics below.  Did anybody compared structure of economy? who is going to pay for research? "creative class" i.e. importers ? lawyers or fashion designers? As long as Russia doesn not grow own private business ecosystem who form business is going to finace science?

    https://www.kommersant.ru/doc/3466696

    Science is getting used to the state ruble
    Monitoring of statistics


    The bulk of science funding in Russia in 2016 came from the state (68%, or 643.4 billion rubles.), With almost half (53.7%) directly from the federal budget. Such data are contained in the "Science. Technologies. Innovations: 2017 »of the Institute for Statistical Studies and Economics of Knowledge at the Higher School of Economics. It follows that business accounts for only 28.1% (265.3 billion rubles) of financing. At the same time, since 2000, it decreased by 4.8 percentage points, while the state's share increased by 13.4 points. Also, the contribution of foreign sources decreased from 12% to 2.7%. The highest share of public funds in such sections as "Life Sciences" - 84.2%, "Industry of Nanosystems" - 82.6%, "Energy Efficiency and Nuclear Energy" - 74.9%. Less than all the state finances "Rational nature management" - 55.3%.


    Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7


    Wow, what misinformation. In the USA, the NSF funds science. In fact, the NSF funds private companies doing research (e.g. Cambridge Research Associates).

    The only private spending on "science" on a large scale is by pharmaceutical companies on medical research. I would not categorize this as "science" since a lot
    of it is essentially drug engineering.

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Nov 16, 2017 12:40 am

    [quote="kvs"]

    Actually Putin cracked down effectively on Vostochny corruption.   There was an 18 month total project delay and various clowns are doing jail
    time or are before the courts and facing hard jail time.    "Billions stolen" would have meant the project would still be unfinished.   Clearly the
    response was fast enough to squash the stealing.

    [quote]


    True but Vova cannot oversee all possible state sponsored investments or banks. This must be a self sealing system. IMHO exactluy this is what now is happening. Uncle Vova is using liberals as a tool to do unpopular stuff. Before 2018. Then we'll see.

    BTW where de fck was Rogozin when all this pillaging took place? Was it silent OK form Putin to bankrupt specstroy?



    kvs wrote:
    Wow, what misinformation.   In the USA, the NSF funds science.   In fact, the NSF funds private companies doing research (e.g. Cambridge Research Associates).



    Actually this was HSE study Twisted Evil Twisted Evil Twisted Evil
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Nov 16, 2017 12:53 am

    Experts: lack of staff hampers the development of robotic technologies in Russia


    http://tass.ru/ekonomika/4732239

    Since this wa stated by boss of KUKA Russia maybe was referring to implementation of foreign designed robots? BTW maybe some day industrial robots in Russia will return.
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    Kimppis

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    Re: Russian Economy General News: #9

    Post  Kimppis on Thu Nov 16, 2017 1:01 am

    Those figures seem pretty questionable indeed... The state's increased share could also be partially explained by the fact that before 2000 the spending was very low as a whole.

    Russophobes actually used a similar argument to ridicule the economy's lack of "diversification" by citing the increased share of oil & gas in Russia's export basket during Putin's presidency. Which is BS, because in the 90s Russia didn't export much of anything, oil production was low, etc., so no wonder the share grew. That was inevitable and totally OK. (And now even that share is going down fast, while the economy growth is at +2%... Russia is supposed to a gas station (while in reality oil & gas are now 10% of GDP...), so how the hell is that possible? Rolling Eyes
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Nov 16, 2017 1:13 am

    Kimppis wrote:Those figures seem pretty questionable indeed... The state's increased share could also be partially explained by the fact that before 2000 the spending was very low as a whole.

    Russophobes actually used a similar argument to ridicule the economy's lack of "diversification" by citing the increased share of oil & gas in Russia's export basket during Putin's presidency. Which is BS, because in the 90s Russia didn't export much of anything, oil production was low, etc., so no wonder the share grew. That was inevitable and totally OK. (And now even that share is going down fast, while the economy growth is at +2%... Russia is supposed to a gas station (while in reality oil & gas are now 10% of GDP...), so how the hell is that possible? Rolling Eyes

    notorious Russian intervention && hackers? lol! lol! lol!

    BTW how they could accumulate money for investments? First priorities are food and nukes then the rest. Wowa started with "diversification" now we could have orange revolution in Russia and lost Syria. Even Trump would not elected Razz Razz Razz
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    PapaDragon

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    Re: Russian Economy General News: #9

    Post  PapaDragon on Thu Nov 16, 2017 3:11 am

    Actually Putin cracked down effectively on Vostochny corruption. There was an 18 month total project delay and various clowns are doing jail

    I haven't heard about anyone going to prison over this unfortunately. Do you have any sources on this? Because if  it's true then it's amazing news.
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Thu Nov 16, 2017 5:55 am

    PapaDragon wrote:
    Actually Putin cracked down effectively on Vostochny corruption. There was an 18 month total project delay and various clowns are doing jail

    I haven't heard about anyone going to prison over this unfortunately. Do you have any sources on this? Because if  it's true then it's amazing news.

    Do a simple Google search:

    http://www.rapsinews.com/judicial_news/20160322/275671215.html

    http://www.bbc.com/news/world-europe-36169473

    https://www.rt.com/politics/367239-investigators-launch-criminal-case-into/

    http://www.globalconstructionreview.com/news/putin-threatens-subcontrac7tors-ja7il-ov7er/

    and many more mostly western crap with the same tired old spin of "failure". If Vostochny is a "failure" I want to see a western "success".

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Thu Nov 16, 2017 7:06 am

    Russia has increased its oil reserves to 15 billion tons
    Over the year, they increased by 1 billion tons

    https://iz.ru/671371/arsenii-pogosian/rossiia-narastila-neftianye-zapasy-do-15-mlrd-t

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Thu Nov 16, 2017 12:42 pm

    https://twitter.com/MSuchkov_ALM/status/930832888009981953

    Former #Russia Amb. to #US Kislyak now on Rus TV:

    #America now exercising a three-fold approach towards Rus

    (1) prostrate our economy thru sanctions
    (2) mil containment near our borders
    (3) massive anti-Rus propaganda

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    Re: Russian Economy General News: #9

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