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    Russian Economy General News: #2

    sepheronx
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    Post  sepheronx on Thu Sep 18, 2014 7:57 pm

    If hollande can break a contract by stating he will delivor ships based upon what is happening in Ukraine even if Ukraine is not stipulated in the contracts, then Russia has the right to void the contracts for gas, oil and minerals. Hence increase prices two fold or cut out entirely, and watch EU morons jump around saying how Evil Russia is and not willing to play fair. When they started this.

    I hope EU politicians will end up hanging themselves. Would love to see that. I would travel just to throw stones at them. Losers.
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    Post  Mike E on Thu Sep 18, 2014 8:05 pm

    Not a bad idea.
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    Post  Mike E on Thu Sep 18, 2014 8:05 pm

    http://rbth.com/news/2014/09/18/russias_portfolio_of_weapons_export_orders_stands_at_48_billion_39869.html
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    Post  Firebird on Thu Sep 18, 2014 8:16 pm

    http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#United_States_of_America_government_involvement_in_SWIFT_matters

    Note the bit where the US seized monies going between Germany and Denmark for Cuban sigars.
    Evidently, SWIFT is an absolute joke, and nothing more than a method of spying and oppression... and theft.
    I know how America has its own crooks commit MASSIVE frauds against non Americans, and they are never even arrested. Because America pockets the cash. (There's bigger fish than Madoff and Stanford Raffles that have made fortunes for America from non Americans)

    If Russia was pushed from SWIFT (and it should set up a BRICS system anyway) then it should switch off the gas and oil to Europe, and rachet the whole thing up further. Europe needs to grow some balls and tell Uncle Sham to fuck himself. Russia also needs to think about its own "counter destablisation" and by that I mean use MExicans+ la Raza, American Indians, blacks etc to cause as much grief as possible in the USA.

    As was said previously "punch the belly, not the knife".
    Regular
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    Post  Regular on Thu Sep 18, 2014 8:24 pm

    How cutting Russia from SWIFT would affect it?
    I hope they actually do cut Russia off and let EU members who trade with Russia to suck it up and suffer too.
    sepheronx
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    Post  sepheronx on Thu Sep 18, 2014 8:34 pm

    Russia is proposing its own SWIFT with 1 company stating they already have a working product.

    I am just talking in general. EU is doing its own bidding as they are more or less compliant to fuck Russia over as much as US. They dont care about their economy, or they wouldnt be doing this or Austerity. What will they get out of Ukraine? Not nearly what they will lose from Russia.

    I say let them eat their own shit. Russia will face problems, but that was due to its own neglegence on not moving away from EU when everyone already read the writings on the wall. But that will be necessary struggle, like in the 50's USSR, in order to do better for itself. At least Russia has plenty other countries to work with, invest in and willing to invest in Russia. Russia just needs to build up Crimea and arm it to the teeth and let Porky and his pions dance around, screaming into the air, about poor little them and big bad Russia.

    Eventually they will demand trade with Russia. At that point, hope Russia says "you made your bed". And then watch them rot.

    They are throwing away relations with people who they are ethnically tied to. They will bear the burdden of it too. Hope Putin and co does not show any helping hand cause then it will just be used.
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    Post  Regular on Thu Sep 18, 2014 8:50 pm

    I personally think the more hardship Russia will face the better. It will help it evolve. Cause sitting on the warm place and getting easy money meant that Russia wasn't using it's own potential. Who stopped Russia from making closer ties with China, South America before this shit started? Why Russia needs a good kick to do things?
    I think everything will be for better for average Russian.
    Some EU countries will be crawling back to establish ties with Russia again. Now it will be under Russian terms.
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    Post  Viktor on Thu Sep 18, 2014 9:03 pm

    Nice thumbsup

    Argentina proposed to use the national currency of the Russian Federation in the calculations

    Developed the first in the Russian technology of silicon carbide

    State Council: you need to create projects aimed at import substitution

    IKEA may invest more than 2 billion euros in shopping centers "Mega" in the Russian Federation

    Uljukaev GDP growth of the Russian Federation on the basis of 8 months was 0.7%

    Investment Forum "Sochi-2014" attracted a record number of participants
    magnumcromagnon
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    Post  magnumcromagnon on Fri Sep 19, 2014 3:03 pm

    Regular wrote:I personally think the more hardship Russia will face the better. It will help it evolve. Cause sitting on the warm place and getting easy money meant that Russia wasn't using it's own potential. Who stopped Russia from making closer ties with China, South America before this shit started? Why Russia needs a good kick to do things?
    I think everything will be for better for average Russian.
    Some EU countries will be crawling back to establish ties with Russia again. Now it will be under Russian terms.

    The neo-liberal financier oligarchs like Kudrin of the people who run the Right Forces party are the most responsible for this, nothing stopped them from developing economic infrastructure in the Far East, the mere fact there isn't any fast rail networks from Vladivostok to Moscow/St.Petersberg (when the Chinese could easily finance it) is a testament of this.
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    Post  higurashihougi on Fri Sep 19, 2014 3:59 pm

    Yes, the Far East and Asian-Pacific are having great potential. But then Russia have to overcome the harsh condition of nature, and the severe lack of funds and facilities.

    Most of Russia's economical centers are damn far from the East. This is some difficulties which are not easy to solve.

    It will be very interesting to see Russian occurence in the East Sea and in Asian-Pacific region.

    But then, I still concern about Russia's technological level in the industry outside of weapons, oil and natural gas. Especially about the fields of environmental friendliness and renewable energy. And also, the competitiveness of Russian goods in the international market.

    Forgive me but I do not live in Russia and there are a lot of contradicted information, stereotypes and rumors about Russia's technological/environmental level which I do not know what is true.
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    Post  Hannibal Barca on Fri Sep 19, 2014 5:56 pm

    Russia will change her capital like Roman Empire did before them, it's everything in the manual, but is not the right time yet.
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    Post  Austin on Fri Sep 19, 2014 7:54 pm

    Siluanov: Improve the effectiveness of budget expenditures may be due to defense and social support

     http://www.vedomosti.ru/politics/news/33614231/siluanov-povysit-effektivnost-rashodov-byudzheta-mozhno-za



    In the budget there is room to improve the efficiency and cost optimization. Said at a business breakfast Sberbank Investment Forum in Sochi , Finance Minister Anton Siluanov , they are in the articles dealing with social support, and national defense. He called for the audit of the hard costs. "We have repeatedly talked about the need for a more targeted approach to social spending. Huge transfers to the Pension Fund, the pension system, we need to cut, it is our source for the infrastructure. Defense spending also so difficult to maneuver in the budget that they eventually have to optimize and reduce the share, "- said the Minister.


    In preparing the draft budget for 2015-2017. there were a lot of proposals to increase spending, said Siluanov. He said that the proposed increase in spending on   "Current construction, investments that do not contribute to the economy." The Minister said that under current conditions the budget must be balanced and   "Even in surplus."


    "We have to deal not only increase the cost-effectiveness, but also the implementation of structural measures that will contribute to the acceleration of economic growth", - he said. Raise the question of choosing between a balanced budget or accelerated growth, in his opinion, is incorrect. "With budget surplus before the crisis of 2008-2009. had the highest rates of economic growth. Budget - just one of the elements of domestic demand, fiscal policy tool ", - explained the head of the Ministry of Finance.


    Siluanov believes that it is important how effective budget spending. "You can have a model of the Swedish, where 60% ​​of GDP redistributed through the budget, and it is possible China, where 20%, and there, and there will be a balanced budget, but will increase. How effective will be redistributed through the budget of large amounts of funds will be the effect of costs, will contribute to the growth, "- said the Minister.


    He noted that the aggressive economic stimulus should be aggressive and increase cost-effectiveness.On the eve of presenting the draft budget, Prime Minister Dmitry Medvedev said that the work on the draft three-year federal budget complicated sanctions that the main task of the government was to balance the budget, while maintaining macroeconomic stability and executing all social obligations. Social spending he called the main article of the new budget. Also Prime Minister promised that the fiscal rule will be saved, and all the innovations, he hopes, "Do not scare the business and do not create additional problems for the economy."



    Читайте далее: http://www.vedomosti.ru/politics/news/33614231/siluanov-povysit-effektivnost-rashodov-byudzheta-mozhno-za#ixzz3DmkDz8va


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    Post  Austin on Fri Sep 19, 2014 7:57 pm

    I think its high time to reduce social spending which is the greatest spending in Budget.

    Today Medvedev said like the constitution gurantees we are social economy etc.

    During difficult time its better to tighten belt as in future more difficult times may come of prices of oil fall below $90.

    So reduce social spending for next 3 years and use the money for boosting development projects that contribute to growth.
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    Post  magnumcromagnon on Fri Sep 19, 2014 8:17 pm

    All those ridiculously politicized ratings agencies such as Standard & Poors are looking more and more discredited, Russia and China just announced more than 30 joint projects worth over $100 billion...that makes an outstanding total of over $500 billion worth of FDI deals in 2014 alone. LMAO at the idea that Russia's "economically isolated" according to the Snake-Oil salesman U.S. president Body Odor Embarassed  lol1 :

    Russia, China negotiate over 30 joint projects worth over $100 bln — official

    Russia and China have recently achieved a significant boost in their bilateral relations, primarily in the economic, energy, space and scientific as well as military spheres

    Russian Economy General News: #2 - Page 21 1062121

    SOCHI, September 19. /ITAR-TASS/. Russia and China are discussing over 30 joint projects worth over $100 billion with the frames of the mutual economic cooperation, Kirill Dmitriev, the CEO of the Russian Direct Investment Fund, said on Friday.
    “We have set up an intergovernmental Russian-Chinese commission and recently discussed over 30 projects worth over $100 billion,” Dmitriev said addressing the International Investment Forum Sochi-2014.

    The bilateral investment commission comprising both private and state-run companies gathered for its very first session in China last week.
    “Asian investors are interested in Russia, however, it takes little longer than usual to establish relations with them and it is important that the relations are organized in a more system-like manner,” Dmitriev added.

    First session of the new Russia-China comission

    The Intergovernmental Russia-China Commission for Investment, co-chaired by Russian Deputy Prime Minister Igor Shuvalov and Vice-Premier of the State Council of the People’s Republic of China Zhang Gaoli, held its inaugural session early last week in the Chinese capital of Beijing.

    Following the session Russian Direct Investment Fund CEO Dmitriev was appointed a co-chair of the Commission’s Consultative Committee of Entrepreneurs representing the Russian side. Chairman and CEO of China Investment Corporation (CIC) Ding Xuedong was appointed to co-chair the committee on the Chinese side.
    Russia and China have recently achieved a significant boost in their bilateral relations, primarily in the economic, energy, space and scientific as well as military spheres.

    Russian-Chinese gas contract

    One of the milestone deals between the countries was the natural gas supply contract signed during Russian President Vladimir Putin’s visit to China in May.
    Russian energy giant Gazprom and China National Petroleum Corporation (CNPC) signed a 30-year contract on Russian natural gas supplies to China via the eastern route worth a total of $400 billion.

    Over the past few years, the two countries have noticeably increased the intensity of their contacts. China has become Russia’s major trade partner while Russia is in the top ten of China’s main trade partners. In 2002-2013, bilateral trade hiked from $12 billion to $89.2 billion.

    Russia and China are planning to bring their bilateral trade turnover to $100 billion by 2015 and to $200 billion by 2020.

    http://en.itar-tass.com/russia/750313

    So it's official, bi-lateral trade between Russia and China will be over $200 billion by the 2020's. But this is just the beginning; all these deals were done in 2014 alone, the trade will be at least $200 billion by 2020 no doubt, but in reality it could just as easily balloon to $250, 300, 350, 400 billion dollars if deals are being struck, maintained and continued at this blistering pace!thumbsup
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    Post  Mike E on Fri Sep 19, 2014 8:20 pm

    Wow, the list just keeps on growing! As for "economically isolating Russia", they are just becoming better partners with other countries... Of course the idiots (most of them) in the West don't see this (somehow).
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    Post  GarryB on Sat Sep 20, 2014 3:55 am

    The west has a huge ego and thinks if they reject a country it will shrivel an die... and most of the time they are right... look at what they have done to Cuba and North Korea.

    Of course they don't notice the water rising and they are not wearing the right shoes and may soon find themselves in a position where they need good relations with resource rich countries like Russia or countries in Asia, Africa, and central and South America.

    I wonder how they will tell their people when these countries are not so quick to offer a helping hand...
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    Post  zg18 on Sat Sep 20, 2014 4:07 am

    New official gold reserves in CB vault stands at 35,8 million troy ounces ( 1113,5 tons )
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    Post  Mike E on Sat Sep 20, 2014 4:20 am

    GarryB wrote:The west has a huge ego and thinks if they reject a country it will shrivel and die... 
    lol1 Wow, that is a great explanation GarryB....
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    Post  sepheronx on Sat Sep 20, 2014 7:48 am

    Im curious but besides schooling, hospitals, pension and state employees, what constitutes as social spending?

    It is huge chunk of budget goes to it but its kinda a broad term.

    Maybe privatize certain social programs like the garbage collection, street cleaning, maybe allow more private hospitals/schools, and maybe remove uneeded positions in the government (they look bloated).

    Defense spending should stipulate that money spent should be in dual purpose technology rather than just military.
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    Post  Viktor on Sat Sep 20, 2014 10:54 am

    Judging by the words of this guy (earned my respect after this interview) - something big is gona happen with Russia CB which would also make sepheronx happy Very Happy

    The Purge is coming

    This is by my opinion the best interview I have read in a very long time (beside Lavrov the magnificent Very Happy )
    dino00
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    Post  dino00 on Sat Sep 20, 2014 11:03 am

    sepheronx wrote:Im curious but besides schooling, hospitals, pension and state employees, what constitutes as social spending?

    It is huge chunk of budget goes to it but its kinda a broad term.

    Maybe privatize certain social programs like the garbage collection, street cleaning, maybe allow more private hospitals/schools, and maybe remove uneeded positions in the government (they look bloated).

    Defense spending should stipulate that money spent should be in dual purpose technology rather than just military.

    Bad decision, in future will cost more.
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    Post  dino00 on Sat Sep 20, 2014 11:08 am

    Austin wrote:I think its high time to reduce social spending which is the greatest spending in Budget.

    Today Medvedev said like the constitution gurantees we are social economy etc.

    During difficult time its better to tighten belt as in future more difficult times may come of prices of oil fall below $90.

    So reduce social spending for next 3 years and use the money for boosting development projects that contribute to growth.

    Is Russia economy that bad...cut social spending, and the same time, boost defense spending, i think the Russians will with reason not understand.
    sepheronx
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    Post  sepheronx on Sat Sep 20, 2014 4:17 pm

    You guys make a good point. But what about things like street cleaning or public transit equipment maintenance? Surely those things can be done by private without it going to total shit. No?

    But of course you make good points. I just think that having private schools and clinics in conjunction to public ones can help reduce costs, especially the fact Rich Russians already put themselves or their kids into private institutions (school on Skolkovo as example). Many of them probably leave to go to hospital elsewhere to spend money on better service. I say they can do that at home but still keep socialized mesical care for everyone else. Something like if you make $XXX,XXX a year, you will need to use private medical care, pay insurance.

    Just a thought.
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    Post  NationalRus on Sat Sep 20, 2014 4:43 pm

    every non stratigic sector is better run in free hands, strategic sectors are also mostly run better in free hands but i would prefer ther state control for security and geopolitcal reasons, that would enclude the "heavy" military industry, natural resources, and "partly" telecommunication and electricity, but thats it! not more, maybe less
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    Post  Mike E on Sat Sep 20, 2014 5:41 pm

    sepheronx wrote:You guys make a good point. But what about things like street cleaning or public transit equipment maintenance? Surely those things can be done by private without it going to total shit. No?

    But of course you make good points. I just think that having private schools and clinics in conjunction to public ones can help reduce costs, especially the fact Rich Russians already put themselves or their kids into private institutions (school on Skolkovo as example). Many of them probably leave to go to hospital elsewhere to spend money on better service. I say they can do that at home but still keep socialized mesical care for everyone else. Something like if you make $XXX,XXX a year, you will need to use private medical care, pay insurance.

    Just a thought.
    Actually that is very funny that you are talking about this.... The whole basis of my political ideology is privatizing services. - It has been tried in practice before, and having a "couple" services privatized wouldn't change much anyway.

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