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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 Fri Oct 27, 2017 8:15 am

    New US sanctions may affect 39 Russian entities

    NYT published a version approved by the State Department list, which included "Rostekh", "Kalashnikov", as well as the FSB, SVR and GRU

    The State Department has drafted and approved a list of Russian companies that may fall under the law on new sanctions against Russia, Iran and the DPRK, signed by US President Donald Trump on August 2. This was stated by the representative of the department Heather Neuert, without specifying which structures became its members. In less than a few hours, the list sent from the State Department to Congress was published by The New York Times

    The list of the State Department included, in particular, Almaz-Antey, Dolgoprudnensky Research and Production Enterprise, Izhmash, Kalashnikov, Oboronprom, UVZ, Rosoboronexport, Rostek, MiG, Constellation "," Sukhoi "," Titan-Barricades "," Tupolev "," Russian Helicopters ", as well as United Aircraft Corporation , United Engine Building Corporation , United Instrument-Making Corporation and United Shipbuilding Corporation .

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Oct 27, 2017 8:27 am

    Keiser Report: Credit Market Crash? (E1141)


    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Oct 27, 2017 10:05 am

    Michael Pento - Crazy Stock Market Will Crash

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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 28, 2017 2:31 am

    The fact is that now war enters new stadium. Anybody who is going to buy Russian hi-tech is gonna end-up in sanctions list. This surely hits Russian export. Military? not only imagine many goods can be treated as dual purpose but engineered with help of military companies...

    The question is if everybody can be terrorized (India, Turkey Saudis)? Small countries have to choose. Iran would be nice exemption but here Zionist Vth column in Russia is hampering cooperation I am afraid. Since situation goes more and more tense I hope US dies in an orderly manner not going down in flames Smile




    The Central Bank reduced the key rate

    At the beginning of 2017, the rate was 10%, the regulator reduced it five times. According to the forecasts of the head of the Central Bank Elvira Nabiullina, the key rate in 2019 may drop to 6.5-7% in 2019.

    РИА Новости https://ria.ru/economy/20171027/1507704840.html
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 28, 2017 3:48 am

    People are calling out the US bluff. Actually, funny enough, US increased its import of Russian products this year.

    Turkey told US to go to hell, so has India (since it is now investing in Russia and Crimea) China doesn't recognize the sanctions and drastically increased investments in Russia,  Saudi Arabia, UAE, Egypt, Iraq, etc all wanting further business deals with Russia. US allies like Japan and South Korea invested heavily in Russia at recent deals.

    Its come to the point the US will eventually admit they lost influence and many countries are looking out for themselves. Only nations that will stick to US like glue are the retard blocs like Baltic nations.

    Even Slovenia wants to increase Russian imports.

    Sanctioning United Engine corporation will hurt US NASA Roscosmos agreements.
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    Cyberspec

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    Re: Russian Economy General News: #9

    Post  Cyberspec on Sat Oct 28, 2017 5:41 am

    flamming_python wrote:

    I think that 70s figure is just for the RFSFR (which didn't include Crimea at the time as well). Otherwise what's the point in comparing?

    Maybe, but doesn't sound like it..

    Soviet all time high of 133mn tonnes set in the 70’s

    ___

    miketheterrible wrote:People are calling out the US bluff. Actually, funny enough, US increased its import of Russian products this year..

    I think they're shocked that now they've got serious competion so they're doing all they can to eliminate it ....the problem is not just that Russia, China are rising, problem is they themselves haven't got the same clout or power they had 25-30 years ago. To me it looks like all this hysterical chest beating, yelling and screaming isn't really intimidating anyone
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Sat Oct 28, 2017 5:59 am

    Indeed, this is a pathetic attempt by Uncle Scumbag to keep his racket going. But as noted above, the world is moving on and
    Uncle Scumbag looks more and more like a clown.

    What is happening is that the so-called developing world now accounts for over 50% of global GDP and is quickly moving to 70%.
    (In fact, the GDP figures for the USA and its vassals are inflated since they have offshored their industrial production). In the
    1970s the so-called west (mostly NATO) accounted for 70% of the world's GDP. The west is in a panic since it is losing its
    economic dominance which it has had for centuries. We are living in truly historic times. The west targets Russia because
    Russia can design anything the west can, but cheaper and often better. So there is a natural tendency for Russia to have
    an economic leadership position with most of the world. Western elites are trying to make an example out of Russia by sabotaging
    its economy and terrorizing the rest of the world into conformity.

    Too bad for the west, but they have chosen the wrong country to pick on. These f*cking morons clearly don't know their
    history. The west always loses when it attacks Russia. And today Russia is officially committed to fight any war outside
    its borders. That is, there will not be some front rolling across Russia while NATO parasites live the easy life. NATO armies
    will be tactically nuked. And if NATO feels it can in a nuclear war against Russia, then NATO is a good example of lunatics
    running the insane asylum.
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    Cyberspec

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    Re: Russian Economy General News: #9

    Post  Cyberspec on Sat Oct 28, 2017 10:22 am

    ^^^
    kvs, pretty much agree..





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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 28, 2017 12:02 pm

    kvs wrote:

    What is happening is that the so-called developing world now accounts for over 50% of global GDP and is quickly moving to 70%.
    (In fact, the GDP figures for the USA and its vassals are inflated since they have offshored their industrial production).   In the
    1970s the so-called west (mostly NATO) accounted for 70% of the world's GDP.    The west is in a panic since it is losing its
    economic dominance which it has had for centuries.   We are living in truly historic times.    The west targets Russia because
    Russia can design anything the west can, but cheaper and often better.   So there is a natural tendency for Russia to have
    an economic leadership position with most of the world.    Western elites are trying to make an example out of Russia by sabotaging
    its economy and terrorizing the rest of the world into conformity.  
    .


    In almost all if what you have written I can subscribe to. IMHO situation is a bit more complicated though. Russia's economy now grows because of internal demand and investments. In order to have sustainable growth in any consumer goods they say you need minimum 500 mln market.

    This is one of the reasons why US is targeting also CLIENTS of Russian products. And yes, new economies are growing faster then US/EU. But there is still dependence on technologies dollar and markets.  Tell me which country wants to be in total isolation form banking or investments just ot buy anything form Russia?

    This must be a strong political agenda. Chine is a super heavyweight and might  not be sanctioned but India? not to mention Latin America o small Asian/African countries...



    miketheterrible wrote:People are calling out the US bluff. Actually, funny enough, US increased its import of Russian products this year.

    Turkey told US to go to hell, so has India (since it is now investing in Russia and Crimea) China doesn't recognize the sanctions and drastically increased investments in Russia,  Saudi Arabia, UAE, Egypt, Iraq, etc all wanting further business deals with Russia. US allies like Japan and South Korea invested heavily in Russia at recent deals.

    Its come to the point the US will eventually admit they lost influence and many countries are looking out for themselves. Only nations that will stick to US like glue are the retard blocs like Baltic nations.

    Even Slovenia wants to increase Russian imports.

    Sanctioning United Engine corporation will hurt US NASA Roscosmos agreements.

    True but now push for sanctions will be only stronger. As long as other countries will gain a critical mass it wont be easy... I hope it wont stop Nordstream-2 or Turkish stream too. Nice flow of money to Russian budget allowing hi-tech investments.

    But markets for hi tech goods will be closing on Us side. Now it reached level that none of sides can step down without loosing face. Either US will loose with bing band or Russia will have very much technology development problems. I fail to see other solutions.

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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 28, 2017 4:26 pm

    GunshipDemocracy wrote:
    kvs wrote:

    What is happening is that the so-called developing world now accounts for over 50% of global GDP and is quickly moving to 70%.
    (In fact, the GDP figures for the USA and its vassals are inflated since they have offshored their industrial production).   In the
    1970s the so-called west (mostly NATO) accounted for 70% of the world's GDP.    The west is in a panic since it is losing its
    economic dominance which it has had for centuries.   We are living in truly historic times.    The west targets Russia because
    Russia can design anything the west can, but cheaper and often better.   So there is a natural tendency for Russia to have
    an economic leadership position with most of the world.    Western elites are trying to make an example out of Russia by sabotaging
    its economy and terrorizing the rest of the world into conformity.  
    .


    In almost all if what you have written I can subscribe to. IMHO situation is a bit more complicated though. Russia's economy now grows because of internal demand and investments. In order to have sustainable growth in any consumer goods they say you need minimum 500 mln market.

    This is one of the reasons why US is targeting also CLIENTS of Russian products. And yes, new economies are growing faster then US/EU. But there is still dependence on technologies dollar and markets.  Tell me which country wants to be in total isolation form banking or investments just ot buy anything form Russia?

    This must be a strong political agenda. Chine is a super heavyweight and might  not be sanctioned but India? not to mention Latin America o small Asian/African countries...



    miketheterrible wrote:People are calling out the US bluff. Actually, funny enough, US increased its import of Russian products this year.

    Turkey told US to go to hell, so has India (since it is now investing in Russia and Crimea) China doesn't recognize the sanctions and drastically increased investments in Russia,  Saudi Arabia, UAE, Egypt, Iraq, etc all wanting further business deals with Russia. US allies like Japan and South Korea invested heavily in Russia at recent deals.

    Its come to the point the US will eventually admit they lost influence and many countries are looking out for themselves. Only nations that will stick to US like glue are the retard blocs like Baltic nations.

    Even Slovenia wants to increase Russian imports.

    Sanctioning United Engine corporation will hurt US NASA Roscosmos agreements.

    True but now push for sanctions will be only stronger. As long as other countries will gain a critical mass it wont be easy... I hope it wont stop Nordstream-2 or Turkish stream too. Nice flow of money to Russian budget allowing hi-tech investments.

    But markets for hi tech goods will be closing on Us side. Now it reached level that none of sides can step down without loosing face. Either US will loose with bing band or Russia will have very much technology development problems. I fail to see other solutions.


    once again you lack understanding of economics is showing. Autarkies were able to create some of the best technology, see Nazi Germany. Money is artificial as it is a piece of paper. Russia has other methods like shown throughout history that money can mean nothing. The only reason it is used is simply because for trade and everyone else uses it. It push comes to shove, then they can dump the idea altogether and run alternatives.

    That's why cryptocurrencies are gaining traction in Russia. To bypass sanctions.

    You seem to lack the knowledge on it. Please go read some news and recent statistics than relying on emotions and thought process that leads nowhere.  Because what is happening in real life is complete opposite than what you are claiming.

    As well, Russia's FDI has increased a lot. And for some reason, Almaz Antey is on the sanction lost again. That's twice now.  Probably because US authorities don't even know what they are doing.

    Contrary to popular belief, the US laws don't hold supreme. Already Turkey said they will do what is necessary, and that was after S-400 deal. US won't go after Turkey because Turkey already either killed or put US soldiers lives in danger and US did nothing about it. Cause Turkey can go full Iran and tell the US to f off. More Stream pipeline is already sanctioned. EU, Germany and France all agreed that they don't recognize the law.

    US is stupid. Worst yet, they think that their allies actually care about them and their laws. They don't. This is evident by more Stream 2 and Turk Stream, S-400 deals and the sale of nuclear power plants and cooperation between rosatom and some Euro countries.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sat Oct 28, 2017 5:44 pm

    US might be stupid but the CB of Russia is equally Stupid to buy US T Bills which has increased purchase in October.

    Only a foolish Central Bank in the world would buy T Bills from a Country that exteremly hostile to Russia worse has imposed strict sanction against it.

    Why cant to buy more Euro Bond or IMF SDR or better Gold , Are they hell bent on commiting Sucide with Russian Peoplese Money ?
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    Singular_Transform

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    Re: Russian Economy General News: #9

    Post  Singular_Transform on Sat Oct 28, 2017 6:05 pm

    Austin wrote:US might be stupid but the CB of Russia is equally Stupid to buy US T Bills which has increased purchase in October.

    Only a foolish Central Bank in the world would buy T Bills from a Country that exteremly hostile to Russia worse has imposed strict sanction against it.

    Why cant to buy more Euro Bond or IMF SDR or better Gold , Are they hell bent on commiting Sucide with Russian Peoplese Money ?


    And what to do with the Russian oil?

    burn it?
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 28, 2017 7:03 pm

    Austin wrote:US might be stupid but the CB of Russia is equally Stupid to buy US T Bills which has increased purchase in October.

    Only a foolish Central Bank in the world would buy T Bills from a Country that exteremly hostile to Russia worse has imposed strict sanction against it.

    Why cant to buy more Euro Bond or IMF SDR or better Gold , Are they hell bent on commiting Sucide with Russian Peoplese Money ?

    after 2018 elections, things will change. Putin can't go full dictator on the libs just yet.
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    Re: Russian Economy General News: #9

    Post  PapaDragon on Sat Oct 28, 2017 11:33 pm

    miketheterrible wrote:...........

    after 2018 elections, things will change. Putin can't go full dictator on the libs just yet.

    That's not how you deal with liberals.

    Putin should retire and help elect someone ''squeaky clean'' like Shoigu. He could do one term and then get someone younger (it's about continuity).

    After Putin retires THEN they (Shoigu or guy/gal after him, no matter) should clamp down on liberals.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Oct 29, 2017 12:08 pm

    miketheterrible wrote: after 2018 elections, things will change. Putin can't go full dictator on the libs just yet.

    I dont think he wants to. Putin is too clever to think he is immortal. GHe might be a perfect dictator but who will coma after him? At the end of the day it might be some kind of idiot like Khrushchev?

    IMHO His main task is to build system where
    a) there is continuity of power without revolutions / civil disorder (maybe in the way of democratic elections?)
    b) all groups have some kind of representation so system is balanced
    c) get rid of "opposition" sponsored by state dept.  (IMHO Sobchak is perfect exmple to destroy liberals in next elections Smile




    PapaDragon wrote:
    miketheterrible wrote:...........

    after 2018 elections, things will change. Putin can't go full dictator on the libs just yet.

    That's not how you deal with liberals.

    Putin should retire and help elect someone ''squeaky clean'' like Shoigu. He could do one term and then get someone younger (it's about continuity).

    After Putin retires THEN they (Shoigu or guy/gal after him, no matter) should clamp down on liberals.

    yes but why? ... genuine liberals not necessarily are traitors or idiots. The pro Russian ones should also have thirr voice heard. The question who is after Putin probably we'll learn after next elections durin his term.

    They talked that it might be general Dyumin. Pozhyviom uvidim though Smile
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Oct 29, 2017 12:26 pm

    Austin wrote:US might be stupid but the CB of Russia is equally Stupid to buy US T Bills which has increased purchase in October.

    Only a foolish Central Bank in the world would buy T Bills from a Country that exteremly hostile to Russia worse has imposed strict sanction against it.

    Why cant to buy more Euro Bond or IMF SDR or better Gold , Are they hell bent on commiting Sucide with Russian Peoplese Money ?

    Or maybe there is a reason we do not see?

    I see it this way: Russia's economy needs to pay back lots of USD denominated debts yet. So you see the need for dollars right?

    CBR has first focused on sealing outflow of money via rogue banks then started lowering dons key interest rate.

    Now they have a half year to prepare economy for local cryptocurrency usage.


    Not that I like liberals but if they are doing something maybe it is good to try to understand motives. Anyway do you thing Nabiulina would do anything Uncle Vova doesn't want to?



    Maybe afterwards there will be right time to sell gas or crude oil for Rubles/Yuans?



    Singular_Transform wrote:


    And what to do with the Russian oil?

    burn it?
    Not sure where is connection buying Tbonds vs burning oil?
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    Re: Russian Economy General News: #9

    Post  PapaDragon on Sun Oct 29, 2017 2:21 pm

    GunshipDemocracy wrote:
    yes but why? ... genuine liberals not necessarily are traitors or idiots. The pro Russian ones should also have thirr voice heard.  The question who is after Putin probably we'll learn after next elections durin his term.

    They talked that it might be general Dyumin. Pozhyviom uvidim though Smile

    I know, I wasn't talking about genuine ones
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun Oct 29, 2017 7:48 pm

    PapaDragon wrote:
    GunshipDemocracy wrote:
    yes but why? ... genuine liberals not necessarily are traitors or idiots. The pro Russian ones should also have thirr voice heard.  The question who is after Putin probably we'll learn after next elections durin his term.

    They talked that it might be general Dyumin. Pozhyviom uvidim though Smile

    I know, I wasn't talking about genuine ones

    Aaa Vth column?

    attack attack attack

    BTW Vendikov seems to started evacuation collaborators of Echo of Moscow Statedept

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    Cyberspec

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    Re: Russian Economy General News: #9

    Post  Cyberspec on Mon Oct 30, 2017 12:50 am

    GunshipDemocracy wrote:
    Austin wrote:US might be stupid but the CB of Russia is equally Stupid to buy US T Bills which has increased purchase in October.

    Only a foolish Central Bank in the world would buy T Bills from a Country that exteremly hostile to Russia worse has imposed strict sanction against it.

    Why cant to buy more Euro Bond or IMF SDR or better Gold , Are they hell bent on commiting Sucide with Russian Peoplese Money ?

    Or maybe there is a reason we do not see?

    I see it this way: Russia's economy needs to pay back lots of  USD denominated debts yet. So you see the need for dollars right?

    CBR has first focused on sealing outflow of money via rogue banks then started lowering dons key interest rate.

    Now they have a half year to prepare economy for local cryptocurrency usage.

    It can't be denied that the CBR has overall, done a pretty good job the past 2-3 years in difficult circumstances....the main criticism seems to be that they are way to conservative on interest rates and need to be more aggressive. But CBR's "inflation-phobia" (or is that just an excuse?) is deeply embeded

    Not that  I like liberals but if they are doing something maybe it is good to try to understand motives. Anyway do you thing Nabiulina would do anything Uncle Vova doesn't want to?

    Sure they should have a voice, but currently their "voice" drowns out all other voices...although it's changing.


    Maybe afterwards there will be right time to sell gas or crude oil for Rubles/Yuans?

    Seems that time is coming sooner than we thought (Yuan for Gold)....if it's implemented in practice it will be the equivalent of an earthquake I think

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    Re: Russian Economy General News: #9

    Post  Austin on Tue Oct 31, 2017 7:32 am

    Marc Faber - Massive Fraud In This Financial Bubble


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    Re: Russian Economy General News: #9

    Post  Austin on Wed Nov 01, 2017 6:22 am

    The Ministry of Finance was advised to increase the national debt

    https://iz.ru/662229/inna-grigoreva/minfinu-posovetovali-uvelichit-gosdolg

    Experts recommended financing budget expenditures with debt securities

    Russia can painlessly increase the national debt more than twice - up to 25% of GDP, thereby increasing budget expenditures for the three-year plan. This is stated in the conclusion of the Center for Macroeconomic Analysis and Forecasting (CAMAC) on the draft budget of 2018-2020, which was submitted to the State Duma. "Izvestia" got acquainted with the document.

    According to the calculations of the center, the increase in state debt by 1% of GDP will give the budget almost a trillion additional revenues. These funds can be sent, for example, to public procurement. Experts with the possibility of a painless increase in public debt agree, they suggest that the government in this case clearly decide on the goals, because it is one thing to finance the real projects in this way, and the other is "to be engaged in rearranging the tiles."

    The government has submitted to the State Duma a draft budget for 2018-2020. According to the document, the Ministry of Finance plans to attract 868 billion, 869 billion and 1.34 trillion rubles, respectively, on the domestic market.

    At the same time, Russia has the opportunity to increase the national debt in the domestic market at a faster pace, according to the CMAAC. Now the Russian national debt is 10.6% of GDP, of which borrowing in the domestic market is 7.9%. Given the strong demand from investors, Russia can increase loans to 25% without significant consequences

    "Increasing the volume of attracting, for example, by 1% of GDP per year would not only avoid a nominal reduction in budget expenditures, but also ensure their stability in real terms," ​​the center's conclusion to the draft budget emphasizes.



    According to one of the authors of the document, Elena Penukhina, head of the budget research group of the Center for Strategic Research, CEMAC, an increase in the state debt for every 1% of GDP could bring an additional 900 billion rubles.

    - The money received through borrowing, you can not spend on increasing pensions or salaries, because it is possible that the macroeconomic situation may worsen. These funds should be directed to one-time spending. For example, for purchases, - Elena Penukhina pointed out.

    Traditionally, other expert communities also prepare their conclusions on the draft budget. For example, the Higher School of Economics, the Russian Academy of Science and the Plekhanov Russian Economic University. In his conclusion (Izvestia has it), in particular, it is said that the debt policy at the federal level is assessed as weighted and moderate.

    The Ministry of Finance is now pursuing a moderately stringent budget policy to reduce the budget deficit. Conservative expectations for treasury revenues are associated with a cycle of low oil prices. Despite the fact that this year they did not fall below $ 47 per barrel, the draft budget is based on the fact that they will not exceed $ 42 in the next three years. As a result, the Ministry of Finance expects to receive in the next two years only 1 trillion rubles of additional revenues in comparison with what is now laid.

    The press service of the Ministry of Finance told Izvestia that the current draft budget already assumes a significant amount of borrowing by historical standards - by 60% more than in 2015-2017 in nominal terms.

    "We are quite sure about the possibility to place the volume of bonds put into the draft budget on the market," the department emphasized.

    The press service added that the dynamics of the volume of borrowings starting from 2019 will be determined in accordance with the "budget rules".

    Now there is no point in increasing spending, because it is still unknown what priorities will be in the next presidential cycle, says Alexander Deriugin, director of the Center for Regional Reform Studies of the Russian Academy of Science and Technology.

    - The Ministry of Finance is currently pursuing a tough policy because we do not yet know what priorities the country will have after the elections. If we now accept a budget with a large deficit, and then there will be new presidential decrees on expenditures, then the Ministry of Finance will not have room for maneuver. The possibility to increase the debt is, but it is too early to try to increase it, - said Alexander Deryugin.

    According to expert of the Economic Expert Group Alexandra Suslina, it is necessary to increase the efficiency of current expenditures, and not to plan new ones.

    - To borrow, that once again to change a tile, there is no sense. Failure to increase government spending can actually impede economic growth, but a mere nominal increase will also not contribute to growth. In order to increase, it is necessary to increase the efficiency of current expenditures, "she said.


    The first reading of the State Duma draft budget for the three-year plan is scheduled for October 27.

    The increase in national debt is a normal process, typical for most developed countries. Russia today has one of the lowest levels of public debt. For example, in the US it exceeds the country's GDP. The low level of state debt allows Russia to maintain macroeconomic stability and remain solvent, which positively affects the influx of foreign investors.

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    Re: Russian Economy General News: #9

    Post  Austin on Wed Nov 01, 2017 6:26 am

    Now the Russian national debt is 10.6% of GDP, of which borrowing in the domestic market is 7.9%. Given the strong demand from investors, Russia can increase loans to 25% without significant consequences

    The Debt figure was far better than expected its at 10.6 % of GDP and will rise to 11.5 % by 2020

    Excellent.

    While increasing to 25 % of GDP wont be any issue but that money should be invested in Right Project that gives good returns but the idea is good to boost the economy and growth rate.

    25 % is penuts when people easily survive with 90 % of Debt in case of EU and more than 100 % in case of US and 250 % in case of Japan.

    This is what I was suggesting too , Borrow more locally and invest in right projects that gives good returns something like Civil Aviation where for every $1 spent Russia earns $6 or Infra Projects inside the country
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    Re: Russian Economy General News: #9

    Post  miketheterrible on Wed Nov 01, 2017 10:08 pm

    https://sdelanounas.ru/blogs/99854/

    Non-oil exports from Russia to China grew by 32 percent
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    Re: Russian Economy General News: #9

    Post  kvs on Thu Nov 02, 2017 1:16 am

    miketheterrible wrote:https://sdelanounas.ru/blogs/99854/

    Non-oil exports from Russia to China grew by 32 percent

    The non-west economy is growing and diversifying. There is a massive potential for trade between Russia and China. These
    two countries can completely overshadow the EU in the near term. This is what has NATO's panties in a bunch.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Thu Nov 02, 2017 1:50 am

    Austin wrote:
    Now the Russian national debt is 10.6% of GDP, of which borrowing in the domestic market is 7.9%. Given the strong demand from investors, Russia can increase loans to 25% without significant consequences

    The Debt figure was far better than expected its at 10.6 % of GDP and will rise to 11.5 % by 2020

    Excellent.

    While increasing to 25 % of GDP wont be any issue but that money should be invested in Right Project that gives good returns but the idea is good to boost the economy and growth rate.

    25 % is penuts when people easily survive with 90 % of Debt in case of EU and more than 100 % in case of US and  250 % in case of Japan.

    This is what I was suggesting too , Borrow more locally and invest in right projects that gives good returns something like Civil Aviation where for every $1 spent Russia earns $6 or Infra Projects inside the country

    Good observation Austin. Indeed waiting for mythical investors as a main source of money in economy is and always has been wrong idea to me. Main source must be at home. How? easiest is pension funds, investment banks (all owned by Russia's govt) or individuals via investment funds. In general larde institutional money sources with right legal tools you can make them invest where return is biggest like hi tech startups...


    Of course without proper infrastructure, communications/commuting above makes little sense.

    Russia and China discuss the issue of linking the MIR map with Chinese systems

    "We agree to use our national ruble and yuan currencies in mutual settlements ... And of course we look at the opportunities created by national payment systems, including the Chinese national payment system Unionpay, we develop our payment system on the basis of cards Mir"- said Medvedev.

    РИА Новости https://ria.ru/economy/20171101/1507957985.html



    [size=13]Russia and China can create a fund for innovative research


    BEIJING, Nov 1 - RIA Novosti. Russian Prime Minister Dmitry Medvedev said that Russia and China will work on the creation of a special fund for financing innovative research.
    "We will work out the issue of creating a special fund to finance innovative research," Medvedev said at a news conference following the Russian-Chinese talks.

    РИА Новости https://ria.ru/economy/20171101/1507959769.html

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