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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 Mon Apr 28, 2014 2:37 am

    Little older but still excellent article

    China Prepares Massive Investments in Crimea

    And in a direct snub of the Americans, China will abandon a planned $5 billion solar power plant in Nevada and invest the money in Crimea, instead.




    and the big MEGAPROJECT China is pushin

    President Xi calls on China, Germany to build Silk Road economic belt

    China-Europe route is new ‘silk road’

    in light of this program whats the future of the Trans-Siberian railway - it seems that the project is in question

    Modernization of Russian railway lines might be suspended
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Mon Apr 28, 2014 5:30 am

    In troubled times, infrastructure development is important to GDP growth. Railways is in need of modernization and expansion to Asia. I hope they get the funds and hope pressure is put on the banks.

    First a train from Asia through Russia, to Europe. Now a super highway. Many towns it goes through will get major boost due to transportation and logistics through such towns. Add in entertainment, rest stops (food places and hotels/motels) and maintenance shops, and you will see major economic boost. There just needs to be a will from the government.
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Mon Apr 28, 2014 6:52 am

    sepheronx wrote:In troubled times, infrastructure development is important to GDP growth.  Railways is in need of modernization and expansion to Asia.  I hope they get the funds and hope pressure is put on the banks.

    First a train from Asia through Russia, to Europe.  Now a super highway.  Many towns it goes through will get major boost due to transportation and logistics through such towns.  Add in entertainment, rest stops (food places and hotels/motels) and maintenance shops, and you will see major economic boost.  There just needs to be a will from the government.

    Agreed, and if they're having a hard time financing it then they should borrow from countries who will also benefit such as China and India. They should take a good hard look at the New Deal in the 1930's-50's, the infrastructure built paved the way for the U.S. to escape the Great Depression, cutting projects to modernize rail and road will just mean the economy will stagnate to a greater degree.
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Mon Apr 28, 2014 8:29 am

    don't even need loans as their reserves are massive. Central bank is very frugal it seems and they are stunting development to save every kopek. They are short term viewers not long term. They follow same policy it seems like Kudrin. They can also finance it via private investments from their own or from other banks.
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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Mon Apr 28, 2014 9:37 am

    sepheronx wrote:don't even need loans as their reserves are massive.  Central bank is very frugal it seems and they are stunting development to save every kopek.  They are short term viewers not long term.  They follow same policy it seems like Kudrin.  They can also finance it via private investments from their own or from other banks.

    Kudrin is a fraud promoted by the Washington Consensus, just like Gaidar, Potanin, Chubais, Khodorkovsky, Yavlinsky, Nemtsov, Berezovsky, Prokhorov, Navalny, Yeltsin all promoted and celebrated by the IMF and the World Bank, but not by the Russian people.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Fri May 02, 2014 2:12 pm

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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri May 02, 2014 2:18 pm

    It seems that Bahrein is investing 10 bin $ in Russia

    ‘US in panic because of its waning power’
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Fri May 02, 2014 2:22 pm

    Viktor wrote:It seems that Bahrein is investing 10 bin $ in Russia

    ‘US in panic because of its waning power’

    Perhaps they fear Iran's immense influence in Bahrain because the majority of it's population are Shia muslims, there attempt to invest in Russia as a way to influence Iran indirectly?
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue May 06, 2014 12:27 am

    It seems that some members here were heard by Rus gov officials in some regions:

    Russia’s Omsk governor excludes McDonald’s from investments list
    OMSK, May 05. /ITAR-TASS/. The governor of Russia’s Omsk region, Viktor Nazarov, has excluded the American fast food chain McDonald’s from the list of the region’s major investment projects, the regional administration told ITAR-TASS on Monday as there were 38 projects left on the list instead of 42.
    Nazarov has had plans for reconsidering the local government-supported financial projects long ago. McDonald’s used to be one of them, for it was earlier supported by certain high officials.
    “As a patriot of my country, I am against spreading McDonald’s products in the Omsk region. We are not going to lease this American network any working space”, Nazarov said, stressing that McDonald’s is just an ordinary fast food company, so there is no point in providing it with any favorable and beneficial conditions.

    I also read a piece about Putin requesting regions to start creating some sort of investment climate for people wanting to open up such restaurants country wide. Cannot find article now, but will keep looking.

    As well:

    China investors may build bridge across Kerch Strait
    MOSCOW, May 05. /ITAR-TASS/. Chinese companies will be first foreign investors in economy of the Russian Republic of Crimea after the peninsula’s reunification with Russia.
    A Chinese construction company and a private investment fund may be involved in construction of a transport corridor to Crimea across the Kerch Strait at the cost of $ 1.2-3 billion with some part of the project to be invested in yuan, Kommersant daily learnt.
    This is primarily a political step which shows build-up of relations between Moscow and Beijing amid Western sanctions and China may also receive access to other major projects in the region, the daily sources said. But, in the view of experts, it will be difficult for Russian companies to participate in infrastructure projects in Crimea after Chinese companies enter the market.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Tue May 06, 2014 12:17 pm

    "As of May 1, 2014 the total volume of the Reserve Fund amounted to 3139.42 billion, which is equivalent to 87.94 billion U.S. dollars <...> The total volume of the National Welfare Fund amounted to 3127.94 billion, which is equivalent to 87.62 billion U.S. dollars "- said in a statement.


    http://ria.ru/economy/20140506/1006694111.html
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue May 06, 2014 12:54 pm

    Nice  thumbsup 

    Iraq seeks to expand oil production cooperation with Russia — ambassador

    Qatar to Forge Closer Economic, Political Ties With Russia

    The Russian government expects growth of agricultural production by 2-2.5% in 2014

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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed May 07, 2014 2:41 pm

    Nice  thumbsup 

    April 2014. Refining in Russia +10.8% yoy. / Statistics
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed May 07, 2014 6:43 pm

    Nice  thumbsup 

    Russian stock indexes ended the day up to 3,4-4,7%
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Mon May 12, 2014 9:50 pm

    Hehe  Laughing  Laughing  Laughing 

    US court lifts ban on Russian rocket engines
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    GarryB

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    Re: Russian Economy General News: #2

    Post  GarryB on Tue May 13, 2014 12:49 am

    And the Russians will sell rocket motors and rocket fuel to the US because the Russians are not as vindictive and childish as the American government is.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue May 13, 2014 11:45 am

    May 20 is the date when China gas saga will end

    Putin to Visit China Next Week for Trade, Energy Deals – Kremlin



    but here is one interesting China project (4 massive raill project overal )

    ANALYSIS: China-Russia-US Bering Strait Railroad Plan ‘Feasible’

    Asf

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    Re: Russian Economy General News: #2

    Post  Asf on Tue May 13, 2014 12:30 pm

    GarryB wrote:And the Russians will sell rocket motors and rocket fuel to the US because the Russians are not as vindictive and childish as the American government is.
    Agree. Only US goverment can chop the branch they sit upon. Russia is the leading country in space and aerospace, atomic and military industries. We have to sell oil and launch spacecrafts unless it's an open war.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue May 13, 2014 7:07 pm

    Nice  thumbsup 


    The Ministry of Finance does not exclude the RF budget surplus this year

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    TR1

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    Re: Russian Economy General News: #2

    Post  TR1 on Wed May 14, 2014 1:14 am

    GarryB wrote:And the Russians will sell rocket motors and rocket fuel to the US because the Russians are not as vindictive and childish as the American government is.

    No, they will sell them because they care about making money.

    If you wanna see a nice example of retarded Russian government vindictiveness, see the child adoption scandal.
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    GarryB

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    Re: Russian Economy General News: #2

    Post  GarryB on Wed May 14, 2014 2:00 am

    If you wanna see a nice example of retarded Russian government vindictiveness, see the child adoption scandal.

    Russian children were being killed and abused and the US was not monitoring the children after the adoptions. The Russians wanted assurances children adopted into American families would be looked after properly and not be subject to abuse and because the US does not monitor those adopted children they could give no such assurances and were not prepared to change their policies so Russia was quite right to end the practise.

    No, they will sell them because they care about making money.

    And why else would they be selling rocket engines and rocket fuel? To spread peace and democracy to the middle east? Russia now has no ideology to push and is actually free to sell and buy from pretty much anyone, unlike the west who is tied up in all its morals it really shouldn't be dealing with half the countries it does... but when was the last time the West actually practised what it preached...
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed May 14, 2014 2:13 am

    Something big is cooking  thumbsup 

    Matviyenko: Russia and Algeria agreed almost agreement on cooperation in the nuclear field
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    GarryB

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    Re: Russian Economy General News: #2

    Post  GarryB on Thu May 15, 2014 4:01 am

    It seems the Russians might not sell Rocket engines and fuel to the US for military purposes... I wonder how they will define military purposes and how they will control how the US uses the engines and fuel they sell?
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 15, 2014 2:49 pm

    Nice, concerning all the things thats going on right now  thumbsup 

    Russia's GDP growth in the I quarter was 0.9%
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Fri May 16, 2014 7:29 pm

    Union of gold: gold mining in Russia in the first quarter of 2014 increased by 32.8%
    Extraction and production of gold in Russia, as well as the release of gold concentrates in the first quarter of 2014 increased by 32.8% to 49,276 tonnes compared with the same period in 2013.
    This was reported by ITAR-TASS Russian Union of Gold chairman Sergei Kashuba, adding that this preliminary data.  
    Including production of ingots of gold mining has increased by 18.5% to 34.77 tonnes of gold associated - by 4% to 4,025 kg and recycled gold - 3.5 times to 7,079 tons. Production of gold concentrates increased 1.8 times to 3.4 tons.

    Ministry of Finance: The federal budget surplus in Russia in January-April amounted to 67.14 billion rubles
    The total amount received income reached almost 5 trillion rubles
    The federal budget surplus in Russia in January-April amounted to 67.14 billion rubles, according to the Ministry of Finance. The primary surplus totaled 222 billion 679.2 million rubles.
    The total amount of income received reached 4 trillion. 753 billion 730.8 million rubles, or 35% of the plan, execution of expenditures - 4 trillion 686 billion 590.6 million rubles, or 33.6% of the volume approved by the Budget Law for the current year and the adjusted painting .
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Sat May 17, 2014 2:25 pm

    The very same moment 30 year 38bin m3 contract is signed new negotiations will be launched with the medium term gas supply to China

    comparable to entire EU  Shocked thumbsup russia 

    Gazprom CEO hopeful China’s gas contract price suitable for Russia

    With 270 bin $ contract and this 450 bin $ in less than a year making total 720 bin $ things are moving in the right direction specially if we include new contracts in preparation.

    On the other hand about 42 contracts are readied for signing next week when Putin arrives to China with about 30 of them scheduled for signing right away and another 10 or so

    to be signed on St.Petersburg economy forum. This gas deal with China makes only one of them  Very Happy


    On the other hand South Stream is going full ahead


    Austria is back in line
    South Stream returning to Austria

    and all the contract have been signed
    Contract signed for constructing second string of South Stream offshore section

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    Re: Russian Economy General News: #2

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