Military Forum for Russian and Global Defence Issues


    Russian Economy General News: #7

    Share

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Thu Sep 29, 2016 4:44 pm

    [size=35]"Aeroflot" is working on contracts for 20 SSJ100 aircraft and 50 ships MS-21[/size]
    https://ria.ru/economy/20160929/1478142411.html


    Novo-Ogaryovo, September 29 -. RIA Novosti / Prime "Aeroflot" is working on contracts for the supply of additional 20 aircraft Sukhoi Superjet 100 (SSJ100) and 50 vessels MS-21, the general director Vitaly Savelyev airlines.

    "We are now at the stage of elaboration of the contract for an additional 20 machines Sukhoi Superjet and working on a contract for the machine MC-21, 50 cars," - said Savelyev at a meeting with Russian President Vladimir Putin.
    He noted that the supply of SSJ100 is expected in 2017-2018. "We're going to get 20 cars for 2017 and 2018, and now we are discussing on time," - said the head of Russia's largest air carrier.
    As of July 31, 2016 "Aeroflot" operated 172 aircraft, most of the ships make the Airbus A320, Airbus A330 and the Sukhoi SuperJet 100. Russian regional jets of the new generation Sukhoi SuperJet 100 airline received in June 2011 (in the framework of a solid order 30 Sukhoi SuperJet 100 aircraft).
    Also, the airline "Aeroflot" group of operators will be the first of a new medium-haul passenger airliner MS-21-300.

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 01, 2016 1:34 pm

    Neoliberalism and Financial Warfare: Can Russia Learn From Brazil’s Fate?

    http://www.globalresearch.ca/neoliberalism-and-financial-warfare-can-russia-learn-from-brazils-fate/5548534
    avatar
    kvs

    Posts : 3671
    Points : 3778
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 01, 2016 3:22 pm

    Austin wrote:Neoliberalism and Financial Warfare: Can Russia Learn From Brazil’s Fate?

    http://www.globalresearch.ca/neoliberalism-and-financial-warfare-can-russia-learn-from-brazils-fate/5548534


    Uncle Scam already tried this stunt in Russia several times. But Russians didn't fall for the "regime is corrupt, we want democracy now"
    intellectual excrement. Ukrainians did fall for this and are now being f*cked in the ass 24/7.

    The rest of the article is excellent. Nabiullina needs to be shot along with the rest of the CBR 5th column. Roberts nullifies all of
    monetarism with a single line statement: the inflationary pressure from money issued by the CBR and the same amount borrowed abroad
    is exactly the same.

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:36 am

    Carl Icahn Interview About Economy & Battle w/ Bill Ackman


    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:49 am

    Very interesting Interview , What do you thing kvs

    Paul Singer - Full Interview At Delivering Alpha (Sept 2016)


    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:56 am

    The Ministry of Finance has predicted revenues for the next three years

    https://ria.ru/economy/20161001/1478303134.html

    Office creates budget for the 2017-2019 years, starting from the zero balance of the reserve fund every three years means.


    According to the preliminary parameters of the budget for 2016, the country's expenditures will amount to 16.4 trillion rubles, revenues - 13.37 trillion rubles, the deficit will be 3.7% of GDP. Budget expenditures in the years 2017-2019 are frozen at the level of 15.78 trillion rubles. It is planned that in 2017 revenues will amount to 13.03 trillion rubles, in 2018 - 13.77 trillion rubles, in 2019 - 14.64 trillion rubles.



    The parameters of the budget authority lays negative figures on the volume of foreign loans - a minus 40 billion rubles in 2017 and minus 129 billion rubles in 2018. Thus, the net funds raised by the external debt will be less than the maintenance costs of the current debt. It is planned that the parameters for external borrowing in 2019 will be back in positive values, and the amount to 20 billion rubles.


    In addition, the federal budget revenues from privatization in the next three-year laid down in the amount of billion rubles per year. This year, revenues for this article amount to 382 billion rubles.


    In addition, the rate of state companies to pay dividends in the amount of 50% of the profits will provide the budget in 2017 269 billion rubles, in 2018 - 274 billion rubles, in 2019 - 288 billion.

    According to the presentation, the Ministry of Finance extends until 2019 inclusive measure to raise the severance tax on gas, the use of this year. This will bring in a budget of 170 billion rubles a year.


    In 2017, the increase in excise duties on petroleum products will bring to the budget 50 billion rubles, in 2018 - 75 billion rubles, in 2019 - 90 billion rubles.


    Also, the Ministry of Finance is planning in the next three years to index the excise tax on tobacco by 10%, which will replenish the budget a total of 243 billion rubles.


    In the presentation the Finance Ministry said that the funds of the RF Reserve Fund will be exhausted as early as 2017. At the same time the balance of the National Welfare Fund, excluding funds deposited in financial assets in 2017 will amount to 2.07 trillion rubles, in 2018 - 914 billion rubles, in 2019 the remainder of liquid assets amount to 500 billion rubles.

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 9:00 am

    According to the preliminary parameters of the budget for 2016, the country's expenditures will amount to 16.4 trillion rubles, revenues - 13.37 trillion rubles, the deficit will be 3.7% of GDP


    If I do some back paper calculation ,  exp 16.4 and rev 13.37  makes deficit  3.03 Trillion Ruble which is 3.7 % of GDP

    So GDP is roughly 82 Trillion Ruble for Russia

    Project Canada

    Posts : 664
    Points : 667
    Join date : 2015-07-20
    Location : Canada

    Re: Russian Economy General News: #7

    Post  Project Canada on Mon Oct 03, 2016 5:12 am

    Medvedev: Russian government to work on a project basis

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 08, 2016 1:26 pm

    Good Details on MOF proposal for 2017-2019 Budget

    https://ria.ru/economy/20161007/1478757703.html

    They want to reduce def budget by 1 trillion rouble

    Expenditure under the "National Defense" Ministry of Finance plans to reduce in 2017 to 2.84 trillion rubles in 2017 against 3.889 trillion rubles in 2016. In 2018 and 2019 the costs of this article would amount to 2,728 trillion and 2,816 trillion rubles.
    avatar
    kvs

    Posts : 3671
    Points : 3778
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 08, 2016 3:18 pm

    http://www.zerohedge.com/news/2016-10-07/norway-announces-massive-2017-withdrawals-sovereign-wealth-fund-cover-deficits

    Norway Announces Massive Withdrawals From Sovereign Wealth Fund To Cover Deficits





    I bet all the anti-Russian hysterics who claim that Russia is imploding because it is tapping a minor wealth fund have
    nothing to say about Norway.

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 7:14 am

    Ministry of Finance has projected defence budget for 2017-2019 , 1 Trillion roubles in cut

    https://ria.ru/economy/20161007/1478757703.html

    Expenditure under the "National Defense" Ministry of Finance plans to reduce in 2017 to 2.84 trillion rubles in 2017 against 3.889 trillion rubles in 2016. In 2018 and 2019 the costs of this article would amount to 2,728 trillion and 2,816 trillion rubles.

    In Trillion roubles

    2011 - 1.515 
    2012 - 1.812
    2013 -  2.106
    2014 -  2.49
    2015 -   3.032 
    2016 -  3.889
    2017 -  2.84  ( proposal )
    2018 -  2.728 ( proposal )
    2019 -  2.816 ( proposal )

    Total =  23,22 Trillion

    If Finance Minister proposal is accepted as is then Russian Defence budget for the Decade would be meeting SAP 2020 goal of 23 trillion rouble ( 19 trillion for defence budget , 4 Trillion of MIC )

    there is still 2020 def budget to be accounted for but that would come under new SAP 2018-2025

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 11:51 am

    kvs watch this interview with Jim Rickards

    Jim Rickards new book has come and his interview with Max Keisar starts at 12:00 , Very interesting interview , He says every thing will be elevated to IMF SDR and these are already documented in fine prints and laws passed , Watch the interview

    Keiser Report Bubble economy sins


    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 11:52 am

    Russian austerity planned for 2017-2019 "election budget"

    http://www.intellinews.com/russian-austerity-planned-for-2017-2019-election-budget-107577/
    avatar
    franco

    Posts : 2921
    Points : 2953
    Join date : 2010-08-18

    Re: Russian Economy General News: #7

    Post  franco on Sun Oct 09, 2016 2:09 pm

    The Russian Ruble continues to get stronger to the US$. Closed out on Friday trading at 62.3 per. The Central Bank has been trying to keep it closer to 70 per, to stimulate foreign buying of Russian goods.

    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Tue Oct 11, 2016 4:47 pm

    David Stockman says , Election is Over and Hillary has won but she will be handicapped.

    Hillary is Evil and Liar to the core this will have serious implication for Russia and its Economy


    Austin

    Posts : 6702
    Points : 7093
    Join date : 2010-05-08
    Location : India

    Re: Russian Economy General News: #7

    Post  Austin on Tue Oct 11, 2016 5:15 pm

    Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

    The surplus of Russia's foreign trade fell by 48% in January-September

    MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


    Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.
    avatar
    George1

    Posts : 11451
    Points : 11924
    Join date : 2011-12-22
    Location : Greece

    Re: Russian Economy General News: #7

    Post  George1 on Wed Oct 12, 2016 1:34 am

    Putin to discuss draft budget for 2017-2019 with government

    More:
    http://tass.com/economy/905866?_ga=1.64705135.1337049799.1447427261


    _________________
    "There's no smoke without fire.", Georgy Zhukov

    avatar
    franco

    Posts : 2921
    Points : 2953
    Join date : 2010-08-18

    Re: Russian Economy General News: #7

    Post  franco on Wed Oct 12, 2016 1:37 am

    Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

    The surplus of Russia's foreign trade fell by 48% in January-September

    MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


    Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

    Without doing any research, perhaps the Russians have started importing more items again with their deflated ruble.

    Vann7

    Posts : 3781
    Points : 3885
    Join date : 2012-05-16

    Re: Russian Economy General News: #7

    Post  Vann7 on Wed Oct 12, 2016 1:30 pm

    Must see..

    http://www.ahaber.com.tr/webtv/gundem/cia-guleni-okyanusa-atar-ama-kesinlikle-iade-etmez

    American economyst Willian Engdahl and political expert, speaking about economy days ago ,interview.. apparently in Turkey he was. About the EuroAsian century.. as the new era of world economy ,that will replace the old Global financial system , the american century. He also speak about politics in the world today ,about Russia future and US future.
    avatar
    KoTeMoRe

    Posts : 3999
    Points : 4020
    Join date : 2015-04-21
    Location : Krankhaus Central.

    Re: Russian Economy General News: #7

    Post  KoTeMoRe on Wed Oct 12, 2016 2:56 pm

    franco wrote:
    Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

    The surplus of Russia's foreign trade fell by 48% in January-September

    MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


    Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

    Without doing any research, perhaps the Russians have started importing more items again with their deflated ruble.

    Two things.

    Forex Issue and Oil dip, this year oil has been at roughly 35 USD/bbl in average, last year it was 53 USD/bbl in average. Revenue has taken a hit.
    Meanwhile this year USD has been worth 70RUR in average while last year is was around 58 RUR.

    Lower oil price, lower exchange rate and you have a deep cut in Russian wallet.

    However the trend since January 2016: Oil going up (pick spike since August) and RUR as well.

    Project Canada

    Posts : 664
    Points : 667
    Join date : 2015-07-20
    Location : Canada

    Re: Russian Economy General News: #7

    Post  Project Canada on Thu Oct 13, 2016 12:16 am




    Bank of Russia asks population to limit consumption to support economy



    Chairwoman of the Bank of Russia Elvira Nabiullina said that consumption in Russia should grow at a rate that would not lead to higher inflation.

    The head of the Russian Central Bank said during Russia Calling Forum on October 12 that the growth of the consumption rate should not exceed the growth rate of the nominal income. According to Nabiullina, one needs to stimulate the savings of the population.

    "One should have a right balance between consumption and savings. In this case, consumption will gradually recover, and we already see signs of this," said Nabiullina.

    According to the head of the Central Bank, inflation in Russia remains very high, whereas one requires four percent or lower to be able to attract investment.

    "The inflation rate of 6-7 percent was more or less normal in the mid-2000s, when Russia's economic growth was based on the ever-increasing oil prices as the driving force of the Russian economy. Today, economic needs are completely different, and this is obvious to everyone," she said.

    Meanwhile, Russian citizens increased their spending in September of 2016 for the first time since 2014, Slon reports. In August, people's spending adjusted for inflation was lower than in 2012.

    Russians' real income decreased by 5.8% in January-August 2016, while in August, the rate of its decline (8.3%) was the highest since 2008.


    Project Canada

    Posts : 664
    Points : 667
    Join date : 2015-07-20
    Location : Canada

    Re: Russian Economy General News: #7

    Post  Project Canada on Thu Oct 13, 2016 12:58 am




    Russia’s Reserve Fund to be fully spent in 2017 — draft budget


    http://tass.com/economy/906020?_ga=1.105950659.15676205.1469362849
    avatar
    kvs

    Posts : 3671
    Points : 3778
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Economy General News: #7

    Post  kvs on Thu Oct 13, 2016 11:20 pm

    Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

    The surplus of Russia's foreign trade fell by 48% in January-September

    MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


    Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

    As already noted, the oil price drop has been the main factor even going from 2015 to 2016. Russian business must also be importing
    machinery and capital development tools at a good pace again. Even though the prices are higher. This is actually very good news
    and indicates that Russia's economy is growing in real terms and not fluffy financial metrics like most NATO countries.
    avatar
    kvs

    Posts : 3671
    Points : 3778
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Economy General News: #7

    Post  kvs on Thu Oct 13, 2016 11:33 pm

    Project Canada wrote:


    Russia’s Reserve Fund to be fully spent in 2017 — draft budget


    http://tass.com/economy/906020?_ga=1.105950659.15676205.1469362849

    There are three reserve funds and the distinction between them is never made:

    - The Reserve Fund formerly part of the Stabilization Fund
    - The Welfare Fund formerly part of the Stabilization Fund
    - CBR Reserves

    https://en.wikipedia.org/wiki/Russian_National_Wealth_Fund
    https://en.wikipedia.org/wiki/Stabilization_Fund_of_the_Russian_Federation
    (Note the inconsistent numbers)

    CBR Reserves are growing. The Reserve Fund is shrinking.

    This is a total f*cking non-story. It is yet another NATO mass media (reflected in the Russian media since sycophancy there is stronkkk)
    attempt to latch on to any detail that makes the situation in Russia look grim. This is pure vapid rubbish. The Russian government is
    doing the right thing by spending the Reserve Fund instead of accumulating debt. That is what this freaking fund was created for. In
    2017 Russia will experience GDP growth and revenues will increase and the deficit will fall. In a few years the reserve funds will start to
    accumulate again.
    avatar
    kvs

    Posts : 3671
    Points : 3778
    Join date : 2014-09-11
    Location : Canuckistan

    Re: Russian Economy General News: #7

    Post  kvs on Thu Oct 13, 2016 11:37 pm

    Project Canada wrote:


    Bank of Russia asks population to limit consumption to support economy



    Chairwoman of the Bank of Russia Elvira Nabiullina said that consumption in Russia should grow at a rate that would not lead to higher inflation.

    The head of the Russian Central Bank said during Russia Calling Forum on October 12 that the growth of the consumption rate should not exceed the growth rate of the nominal income. According to Nabiullina, one needs to stimulate the savings of the population.

    "One should have a right balance between consumption and savings. In this case, consumption will gradually recover, and we already see signs of this," said Nabiullina.

    According to the head of the Central Bank, inflation in Russia remains very high, whereas one requires four percent or lower to be able to attract investment.

    "The inflation rate of 6-7 percent was more or less normal in the mid-2000s, when Russia's economic growth was based on the ever-increasing oil prices as the driving force of the Russian economy. Today, economic needs are completely different, and this is obvious to everyone," she said.

    Meanwhile, Russian citizens increased their spending in September of 2016 for the first time since 2014, Slon reports. In August, people's spending adjusted for inflation was lower than in 2012.

    Russians' real income decreased by 5.8% in January-August 2016, while in August, the rate of its decline (8.3%) was the highest since 2008.


    Nabiullina has outed herself fully is a monetarist nut job. Consumer spending is the back bone of GDP in NATO and all developed economies.
    Only banana republics have the GDP composed primarily of exports (of commodities). Her views are totally irrelevant and she should be
    fired since she is willfully imposing policies detached from reality. This bitch is trying to foist austerity on Russia even though Russia is
    actually booming (take a look at all the new construction around the country and the fact that the real unemployment (ILO) is much less than
    in Canada and lower than in the USA and EU).

    Sponsored content

    Re: Russian Economy General News: #7

    Post  Sponsored content


      Current date/time is Tue Jun 19, 2018 2:18 pm