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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 May 19, 2014 1:55 am

    Price of gas for China is standard European price in range of 350-380 $ meaning 400-433 bin $ contract or 13.3-14.45 bin $ annually for Russia (50% for company and 50% for Russian budget)

    Media: the price of gas from Russia to China will be $ 350-380 per thousand cubic meters
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    AlfaT8

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    Re: Russian Economy General News: #2

    Post  AlfaT8 on Tue May 20, 2014 4:57 pm

    On a side note, while we're on the China topic:
    Russia and China to construct first rail bridge across Amur River
    Russia and China have agreed to build the first cross-border rail bridge over the Amur River by 2016, following President Putin’s visit to Shanghai. The bridge will cut transportation times and increase trade.

    Construction of the bridge is scheduled to start within the next few months.

    "It is the first ever bridge between Russia and China. Now generally there are no bridges between our countries: neither automobile, nor railway," Kirill Dmitriev, the head of the Russian Direct Investment Fund told journalists on Tuesday.
    http://rt.com/business/160144-russia%20-china-first-bridge/
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Tue May 20, 2014 9:14 pm

    Bunch of Chinese deals. Will post links later.

    $500M to build chinese automotive plant in Russia.
    VTB agree to do dealings between currencies
    JV in petrochemicals
    Speeding up process of cargo.
    Hopefully soon the gas deal.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 22, 2014 3:13 am

    St. Petersburg International Economic Forum just kicked in - expect new contracts  Very Happy  thumbsup 

    Starts a three-day St. Petersburg International Economic Forum
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 22, 2014 10:35 am

    Nice  thumbsup 

    China expert: Russian gas price for China above $ 380 per 1 thousand cubic meters
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 22, 2014 1:31 pm

    Nice  thumbsup 

    Chinese banks to invest $5 billion in Russia's Siberia IDGC — source
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 22, 2014 3:00 pm

    By by $  Very Happy 

    Sberbank and Bank of China will provide payments in national currencies
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Thu May 22, 2014 3:15 pm

    14:37 MSK “One of Russia’s main issues is liquidity and access to long-term funding, not helped, of course, by recent ups and downs in the ruble,” Roger Munnings, Chairman of the Russo-British Chamber of Commerce.

    Sounds like someone was paid off.

    16:30 MSK: “This is a paradox. The country currently has a $200 billion trade balance, and for a long time has been acting as a donor to the world economy, approximately $100 billion in annual transfers per year, and is not capable of organizing long-term credit”- Sergey Glazyev, economic aide to President Putin.
    I dont understand this. It sounds like CB is not under Russian control then, since why is it hard to give long term loans to domestic businesses but it can to countries? They are screwing their own economy with this.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 22, 2014 3:48 pm

    I think pressure is mounting to raise the retirement age

    Siluanov: it is necessary to raise the retirement age

    Asf

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    Re: Russian Economy General News: #2

    Post  Asf on Thu May 22, 2014 3:50 pm

    It sounds like CB is not under Russian control then
    You are speaking like a russian ultra patriot.

    Near every russian economist is poisoned with the western view on the world economy, I'm afraid, which states what things a country (other than US) should do, and what it shouldn't as it will lead to an inflation increase, depression and things like this.
    It's like a mind slavery
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    macedonian

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    Re: Russian Economy General News: #2

    Post  macedonian on Thu May 22, 2014 4:27 pm

    TASS

    Russia’s Norilsk Nickel to rise 2014 sales to China to 100,000 tonnes

    TASS wrote:ST. PETERSBURG, May 22. /ITAR-TASS/. Russian metals giant Norilsk Nickel will raise nickel supplies to China to 100,000 tonnes in 2014 from 70,000 tonnes in 2013, CEO Vladimir Potanin said at the St. Petersburg International Economic Forum on Thursday.

    The Indonesian government has prohibited ore exports from January 2014, which pushed global nickel prices higher. Norilsk Nickel has been in talks with Chinese authorities to replace the Indonesian nickel for China ever since, Executive Director Pavel Fyodorov said on Monday.

    Great news thumbsup 
    Keep 'em coming!

     russia 
    (as things stand right now, we should really get a Chinese flag emoticon too)
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Thu May 22, 2014 5:36 pm

    Asf wrote:
    It sounds like CB is not under Russian control then
    You are speaking like a russian ultra patriot.

    Near every russian economist is poisoned with the western view on the world economy, I'm afraid, which states what things a country (other than US) should do, and what it shouldn't as it will lead to an inflation increase, depression and things like this.
    It's like a mind slavery

    Then how come they cannot get their acts together and 1) provide banking for all Russians and (2) give long term loans? They get long term loans from outside of country yet your country gives 10'S of billions to other countries.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Fri May 23, 2014 1:59 pm

    Gas reserves in Russia will be enough for 50 years - Putin on Russian-Chinese gas deal

    Russia will have a unified gas supply system that will permit to diversify gas supplies in any direction, Russian President Vladimir Putin said at a meeting with Russian and foreign business circles at the St. Petersburg International Economic Forum. He also noticed that the deal between Gazprom and China is signed for 30 years, but reserves in Russian deposits will be enough for 50 years.


    The gas project with China is diversified and recoupable and will give an opportunity to develop eastern Russian regions.

    Russia may hire foreign workforce for implementing large-scale projects in Russia, President Vladimir Putin said on Friday.

    "As for the mass involvement of workforce, this is also possible in certain areas and in the event of the implementation of large projects, including joint undertakings, especially with regard to infrastructure," Putin said at the St. Petersburg International Economic Forum.

    Russia is planning to carry out a large number of infrastructural projects that will be financed from its national wealth funds, Putin said. "We do not rule out the possibility of attracting foreign workforce."

    Gazprom and China National Petroleum Corporation (CNPC) signed on Wednesday a 30-year contract on Russian natural gas supplies to China via the eastern route worth a total of $400 billion.

    Gazprom CEO Alexei Miller said the deal envisaging the supply of 38 billion cubic meters of natural gas to China annually was the largest contract for the Russian energy giant.

    Putin said after the signing ceremony that Russia and China would immediately start to work on the western route of natural gas deliveries to China from Western Siberia. 

    He named Russian hydrocarbon reserves on the Yamal Peninsula and in the Arctic region "planetary".
    Russia was world's third by foreign direct investments last year, Putin added.

    "Certainly, we are not going to stop and will move forward," he said.
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    dino00

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    Re: Russian Economy General News: #2

    Post  dino00 on Fri May 23, 2014 3:59 pm

    Only 50 years?
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    Hannibal Barca

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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Fri May 23, 2014 4:08 pm

    dino00 wrote:Only 50 years?

    The usual crap to drive prices higher. Reserves of natural gas is WORST CASE SCENARIO 100 years and is well known.

    Austin

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    Re: Russian Economy General News: #2

    Post  Austin on Fri May 23, 2014 4:18 pm

    Hannibal Barca wrote:
    dino00 wrote:Only 50 years?

    The usual crap to drive prices higher. Reserves of natural gas is WORST CASE SCENARIO 100 years and is well known.

    very true  Laughing
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    navyfield

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    Re: Russian Economy General News: #2

    Post  navyfield on Fri May 23, 2014 5:35 pm

    well the more they increase production ,the less gas reserves will last...
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    macedonian

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    Re: Russian Economy General News: #2

    Post  macedonian on Fri May 23, 2014 5:42 pm

    navyfield wrote:well the more they increase production ,the less gas reserves will last...
    Thank you Captain Obvious.
    Shouldn't you worry about this more than about Russian PROVEN deposits?
    A sore loser, eh?
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri May 23, 2014 8:05 pm

    dino00 wrote:Only 50 years?

    50 years refers only to those gas fields from which gas to China will be pumped. Meaning that well after 30 year 38 bin m3 of gas contract is over Russia will have enough gas left there to

    pump for another 20 years. We had a disscussion a while back where we realized that Russia has enough gas for 107 year at this rate of export without shale or Artic gas taken in the

    consideration. Russian energy resources are incredibly vast.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri May 23, 2014 8:20 pm

    Stimulating measure  thumbsup 

    Russian authorities to raise taxes on the property for obsolete production
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Fri May 23, 2014 8:38 pm

    Viktor wrote:
    dino00 wrote:Only 50 years?

    50 years refers only to those gas fields from which gas to China will be pumped. Meaning that well after 30 year 38 bin m3 of gas contract is over Russia will have enough gas left there to

    pump for another 20 years. We had a disscussion a while back where we realized that Russia has enough gas for 107 year at this rate of export without shale or Artic gas taken in the

    consideration. Russian energy resources are incredibly vast.

    Let's not forget there's plenty of oil fields left undiscovered, and also huge reserves of uranium for electricity.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Fri May 23, 2014 9:26 pm

    It was inevitable bounce 

    Write-down of two-thirds of US shale oil explodes fracking myth
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Fri May 23, 2014 11:42 pm

    Viktor wrote:It was inevitable bounce 

    Write-down of two-thirds of US shale oil explodes fracking myth

    I've been telling people for years that fracking is nothing more than a state-subsidized boondoggle!
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    Hannibal Barca

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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Fri May 23, 2014 11:44 pm

    It was inevitable bounce

    Write-down of two-thirds of US shale oil explodes fracking myth


    This shale thing was total scum. A cheap Zionist trick to hold market. Pure Americunts build lies upon lies on a mount a misinformation recently.
    People die to believe them because the brand name of their flag is by far the most prestigious in the world but for how long can this be enough?
    It turns out that this can save the day only to the point when the yellows will eject to the stagnating markets hot Remninbies.
    This is gonna be the beginning of the end.

    Firebird

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    Re: Russian Economy General News: #2

    Post  Firebird on Sat May 24, 2014 1:35 am

    I remember a few yrs back, there was a big scandal that BP had fraudulently overinflated their claimed undrilled reserves. I know from lawyer friends that BP get up to all sorts of shit in different areas.

    And the American companies are even worse. All this fracking thing seems to have appeared overnight.
    I too am sceptical about this gigantic mega breakthro.

    I wonder how much of whats being sold as fracked oil or gas IS actually fracked. There's not that much in the way of audit trails of oil. Thats shown by how OPEC members cheat on quotas, and so many oil traders slip their oil into countries without declaring duty.

    Maybe fracking IS a complete blag/bullshitter. I wouldnt put anything past the White House and their gang of robber barons in the oil industry.


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