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    Russian Economy General News: #2

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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu Jun 05, 2014 3:04 pm

    I like this woman  russia 

    Matvienko: we must become global suppliers of food

    and selsuficiency program will eventually lead to much higher exports and higher GDP growth .... hoping to see Russian machine building sector steaming up

    Russia will be able by 2017 to stop importing basic polymers
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri Jun 06, 2014 1:20 pm

    WoW ....  thumbsup 

    Chinese invest $ 2 billion in the construction of the subway in Moscow

    and ... it has started ....

    Gazprom signs agreements to switch from dollars to euros

    Nine of ten consumers had agreed to switch to euros, may be later contracts will be switch to roubles, the oil company's head Alexander Dyukov says
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    AlfaT8

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    Re: Russian Economy General News: #2

    Post  AlfaT8 on Fri Jun 06, 2014 5:00 pm

    Viktor wrote:WoW ....  thumbsup 

    Chinese invest $ 2 billion in the construction of the subway in Moscow

    and ... it has started ....

    Gazprom signs agreements to switch from dollars to euros

    Nine of ten consumers had agreed to switch to euros, may be later contracts will be switch to roubles, the oil company's head Alexander Dyukov says
    Wow, with just a little motivation, Russia is now making serious economic reforms/adjustments at breakneck speeds.  Shocked 
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    Cyberspec

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    Re: Russian Economy General News: #2

    Post  Cyberspec on Sat Jun 07, 2014 5:36 am

    Pretty big news...hopefully just the start of bigger things to come
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Wed Jun 11, 2014 10:40 pm

    More Russian and Chinese collaboration:

    ODK-Gas Turbines to strengthen its position in Southeast Asia

    A joint memorandum with the Chinese company Kerui Group outlined the path to reach new markets



    The company ODK-Gas Turbines has announced the start of a strategic partnership with Kerui Group, a leading engineering company in the oil and gas industry.

    The company ODK-Gas Turbines has announced the start of a strategic partnership with Kerui Group, a leading engineering company in the oil and gas industry.

    The memorandum was signed by ODK-Gas Turbines managing director Igor Yudin and Kerui Group vice president David Wu. The agreement between the two parties will open the Southeast Asian market for the Russian company and the CIS market for the Chinese partner.

    Enterprises in the holding company Rostec are in active cooperation with Chinese partners. Asian investors have taken part in financing the development of Russia’s largest copper mine, the Udokan mine (Rostec has a 25% share in the project). Also, for example, during a recent visit to China, Russian President Vladimir Putin discussed the production in China of the Mi-26 heavy helicopter, designed by Russian Helicopters.

    In 2012, Russia and China signed a contract worth around $700 for the supply of 140 AL-31F aero engines, which are produced at ODK factories. The two parties also reached an agreement for the supply of the Amur-1650 diesel-electric submarines.

    In 2013, Beijing acquired more than $1.8 billion of Russian military technology. A large segment of this military-technical equipment came from enterprises forming part of the state corporation Rostec, including the Ufa Engine Industrial Association, Research and Production Association Saturn, Aircraft Engine Factory, and enterprises of the concern KRET.

    In 2013, an agreement was reached on the number of Su-35 fighters to be provided to the Chinese Air Force (24 planes with three spare engines for each). A few unresolved issues remain with these contracts, but it is planned to resolve everything as soon as possible after the visit of delegation headed by Putin.

    http://rostec.ru/en/news/4513615

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Tue Jun 17, 2014 5:57 am

    Washington to decide about more sanctions against Russia – Assistant Secretary of State



    The US Administration intends to make a decision within 2-4 weeks about toughening sanctions against Russia due to differences about the situation in Ukraine, Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland said.



    She said that US President Barack Obama indicated to his colleagues at the G7 summit in Brussels early in June that Washington "is not going to wait for months" coming up with a decision if new punitive steps should be taken against Russia.

    The US is planning to make a decision to this effect "within 2-4 weeks", Nuland said speaking at the Marshall Foundation today.

    She stated that the US and EU have the same views on what is the next stage of anti-Russian sanctions should look like if they have to be used.

    As the US repeatedly warned in the past, there will be sanctions against entire sectors of the Russian economy, in particular, the energy and banking sectors, Victoria Nuland said. The US insists that the sanctions should result in preventing Russia from receiving "investment and next-generation technology," Nuland said.
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue Jun 17, 2014 6:27 am

    Gee, I wonder where they get next generation technology?  Not from US, that is for sure.

    They can try though, will be interesting.  I think majority of US next gen technology comes from China and Taiwan.  As well, what is next gen technology? A small increment of Intel processors (socket 1155 to 1150)?  Seeing as how majority of the technology used for their satellites and military, seems to be domestic build or licensed build, I think it is a tad bit too late for any of those sanctions to work.  But with the massive oil prices after the Iraq issue, I think US is looking at sanctioning small or none sensible so that they don't screw things up too bad for EU. As well, seems that China is pumping investments. Guess US will try to curb that eh? lol. They will try anything wont they?
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue Jun 17, 2014 3:34 pm

    http://rt.com/business/166472-gazprom-singapore-listing-asia/

    Gazprom is now listed in the Singapore Stock Exchange. Will make trading easier for the asian markets.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Tue Jun 17, 2014 3:43 pm

    I just hope they dont go to sanction and I just hope this is a wake up call for Russian leader to minimze use of Dollar in US Economy and go towards Euro/Yuan.

    I also hope they dont reduce SAP funding of 23 Trillion Rouble for 2020. All the more reason Russia should arm well.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue Jun 17, 2014 4:09 pm

    Another great measure  thumbsup 

    Share of foreigners in Russian banks limit at 50%
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue Jun 17, 2014 4:11 pm

    Of course they wont reduce it. Instead, they may raise it because the mic will end up being the driver of the economy, especially if they end up privatized. The military is the biggest drivers of tech development in Russia due to laws about having to use domestic for sensitive equipment. If they know how to translate that to market economy, then they will be loaded.

    With the introduction of Elbrus 4C, majority of new technologies in tool making and robotics will run off of that, so new gen tech can be created in Russia.

    The Rus mil is years ahead of the market in their country. They need to learn on how to sell that. Iran has done well through protectionism and mass privatization.

    As well, regarding about trading in currencies: http://rt.com/business/164752-russiia-de-dollarize-yuan-china/
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue Jun 17, 2014 4:16 pm

    Also, add in the fact majority of civil goods are made outside of US, they will still be able to obtain it. Majority of foreign made components in Russian mil that could not have been done by themselves, is done through license build. So they have the knowhow now. As well, majority of smaller parts like microcontrollers are from Taiwan, but can be replaced using similar domestic components from Elvees and Sitronics as examples. TV manufacturing amd such goods are done in Russia by S.Korean and Turkish companies. Biggest sale of goods to Russia from US/EU is automotive and certain agriculture and some technologies (automation) from countries like Slovakia and Germany.
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    macedonian

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    Re: Russian Economy General News: #2

    Post  macedonian on Tue Jun 17, 2014 5:08 pm

    I think this short reply just about summarizes things...

    Russia has GREAT (if not BEST) scientists and engineers.
    What Russia lacks is good management, great quality control, excellent design, and good marketing. (Same thing with China BTW).
    These are the areas that focus should be on.
    And "no need to discover America all over again" (we that saying here), just do what all other countries do: Import talent.
    Russia doesn't lack the cash at the moment, so shouldn't be a problem. But I think bureaucracy and poor leadership...most probably prevent that.
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue Jun 17, 2014 5:35 pm

    Somewhat agreed.

    They have decent QC depending on company. They have wonderful designs (tge new microtelescope as example) but a lot of poor executions and very poor management skills. This was evident when it took French managers to turn Autovaz around.

    Russia does not really need to bring in talent, but they need to bring in teachers for manager schools, and both China and S.Korea can beat Russia in that.

    Another thing that holds back that society and market are the oligarches. They are the ones to lose the most over sanctions so they are the ones putting pressure on Rus gov. Cant think of any other reason. So they need to be dealt with.

    As well, if companies cannot afford R&D, then they should be linked to universities who can do the r & d cheaper. Both get money.

    As well, Russia needs to tap into chinese amd indian market. Ural is being made in China now as they opened a plant for the chinese market. Why not add in Avtovaz to that list and then both in India? Huge markets. There could be potential for Russian microprocessors and controllers in these countries too.

    It is the lack of wanting to export is another issue.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed Jun 18, 2014 4:24 pm

    Cheap money for Russian industry  russia 

    better late than never

    Domestic industrial enterprises will be able to rely on long and cheap money
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed Jun 18, 2014 5:43 pm

    Nice  thumbsup 

    Grain exports from Russia in 2014 could grow by 15%, to 22 million tons

    Industrial production in Russia increased in May by 2.8%
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu Jun 19, 2014 3:09 pm

    Things are moving at fast pace  thumbsup 

    Russia creates national payment card system operator

    Statistics: industrial producers prices in Russia since the beginning of the year increased by 3.5%
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri Jun 20, 2014 2:31 pm

    Something is happening (20 bin $ surpulus from consolidated budget since the beginning of the year)  thumbsup 

    RF consolidated budget surplus for 4 months increased by 1.8 times

    Unemployment in Russia in May fell to a historic low of 4.9%

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Sat Jun 21, 2014 1:54 pm

    Looking at news around it seems 3rd round of sanction will will put on Russia by this month end by EU and US.

    Any idea what is Russian official position on this 3rd round of sanctions and does it mean Europe will stop buying Gas and Oil from Russia ?
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Sat Jun 21, 2014 2:12 pm

    Austin wrote:Looking at news around it seems 3rd round of sanction will will put on Russia by this month end by EU and US.

    Any idea what is Russian official position on this 3rd round of sanctions and does it mean Europe will stop buying Gas and Oil from Russia ?

    In that case Russia will respond with their own sanctions as said.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Sat Jun 21, 2014 6:10 pm

    Viktor wrote:
    Austin wrote:Looking at news around it seems 3rd round of sanction will will put on Russia by this month end by EU and US.

    Any idea what is Russian official position on this 3rd round of sanctions and does it mean Europe will stop buying Gas and Oil from Russia ?

    In that case Russia will respond with their own sanctions as said.

    I mean EU cant stop buying Russian Oil and Gas overnight , so they will still buy.
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    zg18

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    Re: Russian Economy General News: #2

    Post  zg18 on Sat Jun 21, 2014 6:42 pm

    Austin wrote:I mean EU cant stop buying Russian Oil and Gas overnight , so they will still buy.

    But Russians can reduce orders from European industry , re-focus on China and Asia. Europeans will also need to sell to China more , one more leverage to Beijing. I don`t care actually , Europe is run by most incompetent elites ever , they deserve to be raped by Washington and Beijing.
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Sat Jun 21, 2014 7:13 pm

    Austin wrote:Looking at news around it seems 3rd round of sanction will will put on Russia by this month end by EU and US.

    Any idea what is Russian official position on this 3rd round of sanctions and does it mean Europe will stop buying Gas and Oil from Russia ?

    It means Russia will ditch the Dollar that much quicker, time to start fulfilling arms contracts to Syria, Iran, Cuba with license production of Iskander-K's and S-400's, KH-35's, Yakonts, Klub's will send a message to NATO, let's not forget to pull out of the idiotic treaties that Yeltsin and Gorbachev carelessly put Russia in, such as the INF Treaty (which nuclear European NATO powers such as Britain and France have not signed) and the Missile Technology Control Regime (designed with the purpose of weakening Russia's ally's) which will allow S-400's, Klubs, Yakonts, Kh-35's, and Iskander-K's to fufill they're true potential! Could you imagine the hysteria if export S-400's, Iskanders, Klub's (not under MTCR any longer) would generate in Washington if Cuba had created thousands of each missile (with the help of Venezuelan oil-bartering funding of course)?!
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Sat Jun 21, 2014 11:31 pm

    1 million tons of grain from Crimea - nazi Ukraine shoot down water supply but the rain fell and yield is higher than last year Very Happy 

    In the Crimea had been grown barley
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Mon Jun 23, 2014 3:47 am

    Whats up with this?

    Russia to donate $4,4 bln to World Health Organisation

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    Re: Russian Economy General News: #2

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