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    Russian Economy General News: #7

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    Project Canada

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    Re: Russian Economy General News: #7

    Post  Project Canada on Fri Oct 14, 2016 1:30 am

    thanks for sharing your thoughtful insights kvs,
    about Nabiulinna, I do not understand why the Russian leadership continues to tolerate her actions, maybe keeping her in the government is a kind of olive branch for the 5th columnists? I just hope the government know what its doing

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Fri Oct 14, 2016 2:26 pm

    Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035
    avatar
    kvs

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    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 15, 2016 1:06 am

    Austin wrote:Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035

    So what?

    Also, this figure includes private debt and not just government debt. So if the private
    debtors can't pay the costs they will default. The Russian government is not obliged to
    cover for them. Thus this figure is totally worthless when it comes to evaluating the sovereign
    financial exposure of Russia.

    You keep posting this trash over and over.  What is the point besides trolling?
    avatar
    OminousSpudd

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    Re: Russian Economy General News: #7

    Post  OminousSpudd on Sat Oct 15, 2016 1:11 am

    kvs wrote:
    Austin wrote:Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035

    So what?

    Also, this figure includes private debt and not just government debt.  So if the private
    debtors can't pay the costs they will default.  The Russian government is not obliged to
    cover for them.   Thus this figure is totally worthless when it comes to evaluating the sovereign
    financial exposure of Russia.  

    You keep posting this trash over and over.  What is the point besides trolling?
    It's not trash, it's just stats. Don't shoot the messenger.
    avatar
    kvs

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    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 15, 2016 1:18 am

    OminousSpudd wrote:
    kvs wrote:
    Austin wrote:Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035

    So what?

    Also, this figure includes private debt and not just government debt.  So if the private
    debtors can't pay the costs they will default.  The Russian government is not obliged to
    cover for them.   Thus this figure is totally worthless when it comes to evaluating the sovereign
    financial exposure of Russia.  

    You keep posting this trash over and over.  What is the point besides trolling?
    It's not trash, it's just stats. Don't shoot the messenger.

    It was a zero content post. This is a discussion board and not some contextless number accumulator.
    avatar
    franco

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    Re: Russian Economy General News: #7

    Post  franco on Sat Oct 15, 2016 1:35 am

    Be cool bro. How many people on this site understand economics? My take is that he is questioning what he reads and looking for answers.

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 15, 2016 6:12 am

    kvs wrote:
    Austin wrote:Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035

    So what?

    Also, this figure includes private debt and not just government debt.  So if the private
    debtors can't pay the costs they will default.  The Russian government is not obliged to
    cover for them.   Thus this figure is totally worthless when it comes to evaluating the sovereign
    financial exposure of Russia.  

    You keep posting this trash over and over.  What is the point besides trolling?

    Dont be stupid , I am not trolling and those figures are not fromm my  arse but are official figures from Central Bank and MOF

    Wheather the Russian government pays or private party does thats another debate but the way Russian government calculates Debt is what those figures reflect.

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 15, 2016 9:13 am

    PM: Russia cannot afford "living on credit time and again"

    More:
    http://tass.com/economy/906253?_ga=1.236061889.1525226705.1462511035

    GORKI, October 13. /TASS/. Russia cannot afford living on credit all the time, Prime Minister Dmitry Medvedev said at the Cabinet meeting on Thursday.

    "We should act very prudently. We cannot afford living on credit time and again, as certain countries do," Medvedev said. The deficit should be lowered by 1 percentage point of GDP annually and revenues need to be gradually aligned with expenses, he added.

    "These are the main figures of the 2017 budget parameters - revenues of 13.4 trillion rubles ($211.72 bln), expenses of around 16 trillion rubles ($252.8 bln), deficit - slightly over 3% of GDP," he said.

    The prime minister has also pointed out that Russia’s budget for 2017-2019 is based on a conservative macroeconomic outlook.

    "The budget has been prepared, it is challenging and highlights the current economic situation. It is also rather tough regarding separate items. The new budget meets the opportunities we have. The budget is based on the conservative scenario of the country’s social and economic development," he said.

    "We have taken into account continuing sanctions and response measures in budgetary forecasting for the next 3 years," Medvedev said.

    Key interest rate cut and inflation


    According to Medvedev, the government expects the Central Bank to further cut its key interest rate next year.

    "It is necessary to make credit resources more available. Low and stable interest rates enable entrepreneurs to plan business with more confidence, to plan consumer spending, including purchases of real property, education, treatment. This year the Bank of Russia has already reduced the key rate twice. We assume that the economic situation will allow (the regulator) to continue the policy of encouraging credit activity next year," he said.

    The government will continue its policy of maximum control over inflation.



    "We will continue our policy of maximum control over inflation. Thus year it fell roughly twice, from almost 15% in December 2015 to 6.9% in August 2016," the official said.

    Conditions for business development


    The prime minister has also noted that Russian tax policy should create a favorable environment for business development.

    "Tax policy should create favorable conditions for business activity. We have already formed a tax incentive system for small businesses and individual entrepreneurs, which includes such mechanisms as territories of advanced development, special investment contract. In the coming years we will continue developing it," Medvedev said.


    More:
    http://tass.com/economy/906253?_ga=1.236061889.1525226705.1462511035

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 16, 2016 6:39 am

    So every time Russia take a foreign policy stand that does not go with Atlantic interest , there will be sanction imposed on Russia , Thats the state of diplomacy and time we live in , it wasnt so bad in cold war.

    Did EU imposed sanction on US for invading Iraq or Libya  , The cheer leader of sanctions are Merkel and Obama , Merkel role to to get all EU long and Obama is happy to oblige.

    Merkel will propose tougher EU sanctions against Russia

    https://ria.ru/economy/20161015/1479315315.html


    BERLIN, Oct. 15 -. RIA Novosti, Angelina Timofeeva German Chancellor Angela Merkel wants to speak to the EU to toughen sanctions against Russia over the situation in Syria, said the influential German newspaper Frankfurter Allgemeine Sonntagszeitung with reference to the head of the government environment.


    We are talking about sanctions in the areas of aeronautics and defense industry, the newspaper said.



    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 16, 2016 6:40 am

    Should Russia just ban Boeing and Airbus to be bought by any Russian airlines ?

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 16, 2016 7:20 am

    Yellen has invented a new term now , High Pressure Economy  :wink:

    Is Yellen's Call for 'High Pressure Economy' an Endorsement of Negative Rates

    In a speech, Fed Chair Janet Yellen inadvertently advocated a set of policies that imply lower interest rates and other accommodative measures, possibly hinting at negative rates looming as a recession-aversion strategy.


    Kristian Rouz – Federal Reserve Chair Janet Yellen delivered a speech on Friday, having said that creating the policy conditions for a “high pressure economy” would be the only way to avoid a recession.

    Certain market participants suggested that the regulator will abstain from a further tightening of monetary conditions. Specifically, JP Morgan said they are still expecting a December hike; the tone of their message seemed to imply that they were urging the Fed to move rates up.


    Meanwhile, in her speech, Yellen said additional measures to stimulate the economy might be necessary, such as higher inflation targeting, having hinted at “helicopter money” as a possible solution as well. The Fed Chair’s message also fueled expectations of a possible negative interest rate policy (NIRP), which could be implemented as the economy keeps faltering just above zero growth. Although Yellen put forth very few straightforward suggestions for future policy during her speech, her overall message was very dovish. The Fed Chair repeatedly said that “all (Fed) meetings are live,” and said the word “recession” over 20 times. Market participants and observers, however, focused on her suggestion that “high pressure economy” conditions would be beneficial for growth – with the term itself referring to a greater amount of monetary easing, contradicting the Fed’s current set of policies.

    “If we assume that hysteresis is in fact present to some degree after deep recessions, the natural next question is to ask whether it might be possible to reverse these adverse supply-side effects by temporarily running a 'high-pressure economy,' with robust aggregate demand and a tight labor market,” Yellen said.

    By saying “adverse supply-side effects”, the Fed Chair referred to the current decline in corporate earnings, lackluster levels of investment, a slump in business activity and overall private sector weakness.


    Amid Recession Fears, Yellen Confirms Has 'Legal Basis' for Negative Rates “With … interest rates at or close to their effective lower bound in many countries … many central banks have sought additional ways to stimulate their economies, including adopting policies that are directly aimed at influencing expectations of future interest rates and inflation,” Yellen said, reiterating her earlier thoughts voiced during her Jackson Hole speech several weeks ago that first sparked concern that additional monetary policy tools, such as “helicopter money” or negative rates, might be implemented soon.

    Addressing the concern of why the currently tight labor market conditions have failed to produce stronger inflation and economic growth sustainable enough to normalize monetary conditions, Yellen admitted that “the influence of labor market conditions on inflation in recent years seems to be weaker than had been commonly thought prior to the financial crisis.” “The underlying cause is unknown,” Yellen said.

    The speech sent several disturbing signals to the market. First, the Fed does not have a clue of what is going on, let alone how to fix it. Second, central bank liquidity injections might be a possibility in the near future – again, but this time not in the form of “quantitative easing” in bond buyouts, but as “helicopter money”, or targeted inflows of Fed money into certain struggling sector of the economy. Third, the Fed can’t raise rates further, and might even roll them back to zero or below. The term “high-pressure economy” is explained in a 2015 paper by the Center on Budget and Policy Priorities as follows.

    Damage to the US economy that, in the absence of strong monetary stimulus, is likely to persist indefinitely … can be reversed to a substantial degree by expansionary monetary policy. Expansionary policy can create … a “high-pressure economy,” one with stronger-than-average economic growth and low unemployment.


    The Fed should do everything it can to promote a high-pressure economy, not increase interest rates and choke off growth as soon as inflation threatens to rise.”

    Therefore, Yellen’s use of such terminology suggests she is willing to do “everything … to promote” inflation, and the only way to do it is relaxing monetary conditions within the current framework of broader economic policy. “Not increasing” rates and “choking off” growth, which is sluggish at around 1pc year-on-year, fall in line with this approach, implying a possible introduction of negative rates (NIRP).

    Signs of anxiety in the US market were revealed very quickly after Yellen’s speech. Micheal Feroli, JP Morgan's chief US economist, said that “we continue to expect the next hike in December.”First, she (said) a 'high-pressure economy' could help the supply side, such as stimulating greater capex, R&D, and labor force participation. Second, she stressed the role of monetary policy in anchoring inflation expectations. Third, she stated that easy monetary policy in the US is beneficial to growth overseas, arguably a good thing,” Feroli explained, adding that “Some of these themes are contested. Most notably, the argument that monetary policy can foster supply side gains.”

    The view reflects the market participants being fed up with the loose monetary conditions that have failed to produce any substantial growth in the current environment. A supply-side reform would require a lot more than tweaks in monetary policies that could only accompany a structural reform, likely going up, not down as hinted by Yellen. However, a cut in interest rates to below zero could win the establishment in Washington some more time before the current stalemate resolves in a new recession and economic crisis.

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 16, 2016 8:13 am

    The Russian government has approved a draft budget for the years 2017-2019

    http://www.interfax.ru/business/532335


    Moscow. 13 October. INTERFAX.RU - The Russian government on Thursday approved the draft law "On the Federal Budget for 2017 and the planning period of 2018 and 2019 years", reported the press service of the Cabinet. Also approved was a draft of the forecast of socio-economic development of the Russian Federation for 2017-2019 years.



    "All the documents to be submitted to the Government meeting approved minor changes will be made in general government budget process finishes," - said the representative of the press service of the Russian government. The meeting also considered projects of monetary policy, fiscal policy, tax and customs tariff policy, as well as draft budgets of state extra-budgetary funds.


    The budget for the next three-year drawn up with a deficit: in 2017 in the amount of 2.744 trillion rubles (3.15% of GDP), in 2018 - 1.989 trillion rubles (2.15% of GDP), in 2019 - 1.139 trillion rubles (1.15 % of GDP).


    Revenues in 2017 are planned in the amount of 13 trillion 436 billion 613 million rubles, expenses - 16 trillion 181 billion 264 million rubles. Next year, the budget is calculated on the basis of projected GDP to 86 trillion 806.0 billion rubles and the inflation rate no higher than 4.0%.


    The volume of GDP for 2018 is projected at 92 trillion 296.0 billion rubles, in 2019 - 98 trillion 860.0 billion rubles. Inflation in these years should not exceed 4.0%.


    Budget revenues for 2018 should make 13 trillion 988 billion 757 million rubles, in 2019 - 14 trillion 824 billion 918 million rubles. Budget expenditures are planned in 2018 in the amount of 15 trillion 978 billion 059 million rubles, in 2019 - 15 trillion 964 billion 267 million rubles.


    On the budget deficit in 2017 will be spent 1.151 trillion rubles from the Reserve Fund, after which it will expire, and 659.6 billion rubles from the National Wealth Fund (NWF). In the next two years from the NWF deficit will be financed in the amount of 1.140 trillion rubles and 136.8 billion rubles, respectively. Also, by raising funds in the domestic market through the issuance of securities of the deficit will be financed at 1.050 trillion rubles annually.


    The upper limit of the state internal debt on January 1, 2018 are invited to establish in the amount of 10.35 trillion rubles, external - $ 53.6 billion, or 48.7 billion euros; on January 1, 2019 - 11.580 trillion rubles and $ 52.8 billion, or 48.0 billion euros; on January 1, 2020 - 12.788 trillion rubles and $ 53.6 billion, or 48.7 billion euros.

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 16, 2016 8:23 am

    If they stick to the above figure then the Public Debt of Russia wont exceed 20 % of  GDP by 2020 which is quite good

    Project Canada

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    Re: Russian Economy General News: #7

    Post  Project Canada on Sun Oct 16, 2016 3:20 pm




    Beep Beep, Move Over! Russian Car Industry Set to Grab a Share of Global Market

    https://sputniknews.com/russia/201610161046387440-russian-cars-trucks-export-potential-analysis/


    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Mon Oct 17, 2016 4:48 am

    Kerry says US looking at more sanctions against Russia over Syria

    More:
    http://tass.com/world/906792?_ga=1.133743310.1525226705.1462511035

    LONDON, October 16. /TASS/. U.S. Secretary of State John Kerry said on Sunday more sanctions could be imposed on Russia over the situation in Syria.
    He said the United States and Britain are looking at applying more economic sanctions against Russia and the Syrian government because of their operation in Syria’s Aleppo.


    More:
    http://tass.com/world/906792?_ga=1.133743310.1525226705.1462511035

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Mon Oct 17, 2016 1:46 pm

    In Modi Jacket

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    GunshipDemocracy

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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Mon Oct 17, 2016 3:05 pm


    Russia expects non-oil and gas budget revenues to rise by over $14 bln in 2016


    More:
    http://tass.com/economy/906867


    VTB has reduced rates across the line of consumer loans by 2-7 percentage points

    More
    http://tass.ru/ekonomika/3709696





    kvs wrote:
    OminousSpudd wrote:
    kvs wrote:
    Austin wrote:Russia’s foreign debt stands over $516 bln — Central Bank

    More:
    http://tass.com/economy/906351?_ga=1.167211006.1525226705.1462511035

    So what?

    Also, this figure includes private debt and not just government debt.  So if the private
    debtors can't pay the costs they will default.  The Russian government is not obliged to
    cover for them.   Thus this figure is totally worthless when it comes to evaluating the sovereign
    financial exposure of Russia.  

    You keep posting this trash over and over.  What is the point besides trolling?
    It's not trash, it's just stats. Don't shoot the messenger.

    It was a zero content post.   This is a discussion board and not some contextless number accumulator.


    This is 50 BLN USD less than year ago right?

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Mon Oct 17, 2016 5:11 pm

    Russia-India oil deal challenges Saudi supremacy in Asia

    https://www.rt.com/business/363024-deal-russia-india-mideast-market/
    avatar
    kvs

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    Re: Russian Economy General News: #7

    Post  kvs on Mon Oct 17, 2016 5:56 pm

    GunshipDemocracy wrote:
    Russia expects non-oil and gas budget revenues to rise by over $14 bln in 2016


    More:
    http://tass.com/economy/906867


    VTB has reduced rates across the line of consumer loans by 2-7 percentage points

    More
    http://tass.ru/ekonomika/3709696

    Very good news.


    This is 50 BLN USD less than year ago right?

    That is about right. There was a surge in private debt retirement after the late 2014 forex slide but it seems to have reached a new equilibrium
    which indicates that the businesses holding it do not fear forex rate exposure.
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    GunshipDemocracy

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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Mon Oct 17, 2016 7:57 pm

    kvs wrote: Very good news.


    more good news:


    For perspective research in Russia budget will be additionally augmented by 3,5 Bln Rubles ( ~50 mln extra)


    NOVO-OGAREVO, 17 Dec – RIA Novosti. Additional funding in the amount of 3.5 billion rubles will be allocated in 2017 for the work of scientists in the most promising directions, said Monday, Russian President Vladimir Putin.


    "I met with the heads of laboratories recipients of the so-called mega-grants... Scientists have made a proposal for further work on the most promising areas that require additional funding. We have already agreed that this additional funding for 2017 in the amount of 3.5 billion rubles will be provided," — said the head of state, who on Monday met with Minister of education Olga Vasilyeva, the head of the Ministry of Finance Anton Siluanov and his assistant Andrei Fursenko.

    Putin invited the audience to discuss the source of funding.

    In turn, Fursenko spoke about the meeting with representatives of the scientific community. According to him, the result was highlighted several priority areas: genetic research in medicine and agriculture, information technologies in the area of quantum computing and processing large amounts of data, and the creation of so-called technologies that resemble natural ones.

    Under that resemble natural ones technologies, said Fursenko, refers to, for example, such as the creation of a minimum of energy consuming devices, new waste production, the formation of new approaches to storage and processing and the transfer of energy. For these developments it was suggested a few tools, added the presidential aide.

    "The first is the support of powerful centres, modern laboratories to attract scientists not only from Russia but also from abroad, to create permanent positions, and this support of young scientists," — said Fursenko.

    For these projects it is proposed to use the mechanisms of the Russian science Foundation, said the assistant of the head of state. "In the case of allocation of additional funds we are ready to offer new contests and start working to next year in full work started," he said.

    The President of the Russian Federation agreed with the proposal. "We'll do that. I assume that this is a problem, is not only for 2017, but in subsequent years so that this work had a clear planning horizon," — said Putin.

    Before the journalists left the hall, where the meeting took place, the head of state also asked the Finance Minister to report on the progress in discussion with the Academy of Sciences on financing of current activity and funds for research.


    kvs wrote:
    This is 50 BLN USD less than year ago right?

    That is about right.  There was a surge in private debt retirement after the late 2014 forex slide but it seems to have reached a new equilibrium which indicates that the businesses holding it do not fear forex rate exposure.
    [/quote]

    I guess thet VVP is not really  in hurry with supporting Stolypin Club´s Plan because he knows a bit more - possible US contr steps. Own elite resistance. Anyway Nabiulina (no not my darling Smile did good stuff with sealing banking system from capital outflow.[/quote]

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 23, 2016 5:18 pm

    Foreign direct investment in Russia in I half-year amounted to US $ 6.7 billion

    http://sdelanounas.ru/blogs/85165/


    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Mon Oct 24, 2016 12:05 pm

    Russia has prepared an asymmetrical response to US sanctions

    https://ria.ru/economy/20161024/1479859154.html

    "US sanctions policy toward Russia has been going on for a long time we have used this period to undertake some research and prepare a series of activities that can be applied is in single-ended mode.", - He said, speaking in the Federation Council.

    Austin

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    Re: Russian Economy General News: #7

    Post  Austin on Wed Oct 26, 2016 4:31 am

    Russia Advances to 40th Place in World Bank's Doing Business Ranking 2017

    Read more: https://en.ria.ru/business/201610261046730123-russia-world-bank-rating/

    Russia significantly improved its domestic conditions for small and medium-sized businesses which facilitated its advance in the World Bank's Doing Business Ranking 2017 to the 40th place out of 190 countries, the World Bank said on Tuesday.


    In past years, Russia has been active in reforming across multiple areas of business regulation… In some aspects of Doing Business [the World Bank Group measuring business regulations], the business regulatory environment of Russia is now closer to best practice," Andras Horvai, World Bank Russia Country Director, said in a statement commenting on Russia's advance in the ranking.

    Read more: https://en.ria.ru/business/201610261046730123-russia-world-bank-rating/
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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Wed Oct 26, 2016 12:14 pm




    Media: the European Commission has allowed "Gazprom" to increase the pumping of gas through the OPAL

    Economics and business 25 Oct, 23:46 UTC+3
    According to the WSJ, 50% of the capacity reserved for companies from 10 to 20% needs to be provided to other suppliers, another 30-40% can get "Gazprom" in the implementation at auction


    Подробнее на ТАСС:
    http://tass.ru/ekonomika/3733925

    So Ukrops started steal gas again and suddenly Gazprom can sell mor egas?






    Austin wrote:Russia has prepared an asymmetrical response to US sanctions

    https://ria.ru/economy/20161024/1479859154.html

    "US sanctions policy toward Russia has been going on for a long time we have used this period to undertake some research and prepare a series of activities that can be applied is in single-ended mode.", - He said, speaking in the Federation Council.

    Best response would be no US software and hardware in Russian industry.



    Ulyukaev predicted growth in real wages of Russians


    Next year trade goes well - the MAYOR expect her recovery. The situation with real wages improve. "Wages will rise quite quickly - this also applies to the public sector and the private sector," the Minister promised. Wage growth will exceed 3% per year, he said.

    In General, inflation cannot win, concluded the official. The Ministry expects this figure to the end of the year at 5.7-5.8 percent. "As a result of recovery of demand growth, and households and businesses will be able to maintain the trend decline in inflation, and it in all the years in the "basic plus" will be less than 5%", he continued.

    The forecast, which the MAYOR called "basic plus", provides for the growth of the economy. Russia's GDP in 2017 will rise by 1.1%. In 2018 is 1.8% and in 2019 - by 2.4%. It's better than the Ministry predicted earlier.


    https://rg.ru/2016/10/26/uliukaev-sprognoziroval-rost-realnyh-zarplat-rossiian.html


    Did any time his predictions came true? or he is like a  gypsy fortune teller c-pay an di will tell you your future :d
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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Wed Oct 26, 2016 12:40 pm

    Better late then never. BTW good think is to make joint venture with India for like Su-SJ100 or Il-114 ot make mutually benficialdeal and bigger customer base.

    In Russia, want to limit the purchase of foreign aircraft

    https://rg.ru/2016/10/25/v-rossii-mogut-ogranichit-pokupku-inostrannyh-samoletov.html


    Russian state-owned companies to buy foreign aircraft only in consultation with the Government Commission on import substitution. This bill has prepared Ministry of economic development. The changes would encourage carriers to purchase domestic ships.
    See also

    Changes to the Federal law N 223-FZ, which regulates public procurement. If the share of state participation in the state-owned company exceeds 50 percent, buy foreign aircraft worth over one billion roubles it is possible only by agreement with the Government Commission on import substitution.

    "If the equipment with similar characteristics produced in Russia, the state will block the purchase of foreign aircraft. But if anywhere in the Russian market, the company will receive a single permit under each contract without problems", - says Roman Gusarov, chief editor of the portal Avia.ru.

    Now the bill is in the process of regulatory impact assessment. The document applies not only to aviation and marine equipment.

    "Airline with state participation in the first recall of "Aeroflot", but there are regional airlines", - said Roman Gusarov. In addition, the effect of the bill will apply not only to carriers. Private aircraft often have large state-owned corporations, including mining companies. They use airplanes and helicopters for the delivery of shift workers and other staff to remote locations of the mining, processing and production.

    Planes in Russia buy even banks with state participation, and then transfer them to airlines rent
    The expert notes that it is not always the buyer of the aircraft serves the airline. "Our state-owned banks acquired in the time planes, passing them to subsequent airlines in leasing," he says. Roman Gusarov says that the airlines use, but not always aware of the planes.

    In this case, through the harmonization will have to go to both parties - the lessor and lessee. Since the restriction applies not only to buy aircraft but also of services, including rental and leasing of aircraft.


    The amendments do not have such a decisive role, what they are given, says Roman Gusarov. The Board of Directors of state companies there are always representatives of the state. And without regard to state interests, decisions in such companies are not accepted. But the document prescribes common rules for how companies must do when buying foreign technology.

    By the way, incentives are and the rules on granting subsidies for air transport, which are provided to the operating Russian aircraft companies.

    Price bracket a billion rubles are not high for the aviation market. "Under this rule includes all mainline planes except for that small, used on regional transportation," says Gusarov.

    At the same time, today the Russian aviation industry can not fully meet the interests of the airlines. From new models launched in the series, a serious competition to foreign aircraft could be Sukhoi Superjet 100.

    37 fields - so many foreign flights until March 25, 2017 Federal air transport Agency has extended the airline "Aeroflot" and "Russia" the validity of the certificates. The decree posted on the website of the Federal air transport Agency
    "The second main plane MS-21. It can be in Russia is very popular, but it only developed", - says Roman Gusarov. For mass production you can count only 4-5 years. It is also planned to revive the production of Il-96-300, but again it is only a plan.

    But the Institute of procurement will allow state-owned companies not be left without an aircraft. "Applying for the purchase of foreign aircraft, the airline can point to the absence of the Russian analogues and count on the positive decision", - says Roman Gusarov.

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