Russian Economy General News: #7

New Congress Sanctions https://www.gazeta.ru/business/2017/06/14/10720475.shtml#page1

1 ) Puts Nord Stream-2 under sanction list
2 ) The amendments imply a reduction loan period for an already under sanctions Russian banks from 90 days to 14, and Russian energy - up to 30 days.
3 ) It is also prohibited to provide, export or re-export (directly or indirectly) of goods, services or technologies that contribute to the exploration and production in deep and the Arctic shelf and shale projects.

Now its good buy nord stream-2 , No EU company will put money on that program

Its funny because EU is pissed off at US as of right now anyway and adding this to it will piss them off even further.  Russia can shrug its shoulder on this because it is the US attempt to force Europe to obtain gas from Russia via Ukraine.  Instead, Russia said it will limit its flow or stop it at Ukraine because of Ukraines actions.  So instead, it forces EU to purchase US gas but due to it being expensive, they will try to find other methods and at same time may tell the US to collectively screw itself.  Already they are doing so.

BTW, the Austrian company involved in the Nord Stream 2 project is fully owned by Gazprom. So chances are, they will do the funding themselves and end up being built anyway.

Putin: Russian gold and currency reserves reached $ 407 billion due to weak government debt TASS

The volume of Russia's international reserves reached $ 407 billion due to weak government debt. This statement was made by Russian President Vladimir Putin at a meeting with the heads of major foreign companies and business associations in the SPIEF fields.

"We have at the beginning of the year was $ 370 billion foreign exchange reserves, now $ 407 billion foreign exchange reserves, and it is against the background of a sufficiently low external debt, somewhere around 12-13%," - said Putin. According to him, the current account Russia quite balanced at the moment, and his condition is improving, growing Russian reserve funds.

In Russia, the favorable conditions are being created, "to work quietly in Russia, to develop their business," he added. Power pay attention to the country's position in the world rankings, monitoring the situation with the business climate in the whole country, and in some regions. "And in general, I would say modestly, something that turns out", - he said.

Thanks to this work five times increased inflow of foreign investments in the Russian economy in 2016 -. From $ 6.8 billion to $ 33 billion, "In general, we are seeing good momentum, but, of course, this is totally inadequate. That's why we have to collect similar events together to discuss what more can be done to ensure that the work of foreign business to your work efficiency, profitability, and that it contributed to the development of the Russian economy ", - the president said to the participants of the meeting.

Central Bank is ready to increase reserves to $ 500 billion with stable inflation and ruble TASS

The Bank of Russia is ready to build up international reserves to $ 500 billion, but only under favorable economic situation, said today in the State Duma Chairman of the Central Bank Elvira Nabiullina. "We talked about our long-term objectives: under favorable conditions, we are ready to increase our safety cushion up to $ 500 billion, but only with full confidence in the stability of inflation and stability in the currency market.", - she said.

Now (26 May), the volume of international reserves of the Central Bank - $ 406.1 billion the maximum amount of -. Almost $ 600 billion - they reached in August 2008, the value of more than $ 500 billion last time was in January 2014

Nabiullina spoke about the impact of sanctions on the Russian economy RIA News

The impact of sanctions on the Russian economy is greatly exaggerated, says chairman of the Bank of Russia Elvira Nabiullina. "The causes of the recession, yes, there is a role of sanctions, but we believe that this effect is greatly exaggerated, it is now almost come to naught", - she said during a speech in the State Duma.

Nabiullina added that Russia has adapted to life in conditions of sanctions, the necessary infrastructure was created, and the banking sector has been able to replace those credits to enterprises, which they received earlier from abroad.

"You forgot about another factor - oil, which was influenced by the slowdown - oil decline, of course. But our economy is indeed already adapted to live in the oil price conditions, those that exist now. And it happened during these two years here. It is difficult to happen, but it happened, "- added the chairman of the Central Bank.

According to the regulator estimated that economic growth above the current 1.5-2% needed structural changes.

"What can and does the Central Bank on its part. We need to ensure stability - price stability and financial stability, there is no growth without stability, and we were. The second - the financial sector to finance the economy, different sectors of the economy that had been in the country long-term money. Reducing inflation - one of the conditions for long-term funds are insufficient - it should decrease the risks run pension funds, insurance funds, the availability of credit to SMEs ", - added Nabiullina.

Senate Overwhelmingly Approves New Sanctions To "Punish" Russia

http://www.zerohedge.com/news/2017-06-14/senate-overwhelmingly-approves-new-sanctions-punish-russia

The sanctions against Russia are “in response to the violation of the territorial integrity of the Ukraine and Crimea, its brazen cyber-attacks and interference in elections, and its continuing aggression in Syria,” according to the deal's sponsors.

The amendment also allows “broad new sanctions on key sectors of Russia’s economy, including mining, metals, shipping and railways” and authorizes “robust assistance to strengthen democratic institutions and counter disinformation across Central and Eastern European countries that are vulnerable to Russian aggression and interference.”

New sanctions would be imposed on “corrupt Russian actors” and those “involved in serious human rights abuses,” anyone supplying weapons to the Syrian government or working with Russian defense industry or intelligence, as well as “those conducting malicious cyber activity on behalf of the Russian government” and “those involved in corrupt privatization of state-owned assets.”

I think you need to stop flooding this board with this nonsense. There are other areas to post rhis. Also, senate passed it but the president has to sign it. As well, discussion can be had when and if there are any actual effects. Since Russia doesn't seem to care, I don't think you need to keep flooding this board.

miketheterrible wrote:I think you need to stop flooding this board with this nonsense. There are other areas to post rhis. Also, senate passed it but the president has to sign it. As well, discussion can be had when and if there are any actual effects. Since Russia doesn't seem to care, I don't think you need to keep flooding this board.

Russia does care , so I am posting it as new updates keep coming.

We are yet to hear any official response.

I'm glad you can speak on behalf of Putin and the rest of his nation, even though you can't read or write Russian.

Have you noticed that since Sanctions, Russia hasn't budged an inch? It is because they know, and as said by Putin, these sanctions are a double edge sword. EU lost over $100B while Russia lost $50B. While they don't want sanctions, they also do not care how EU and US are going about it. Already the Russians, after the mention of these sanctions, agreed to increase the SAA combat capabilities.

Actions speak louder than words Austin. You will understand that one day. So far, Russia's actions were actions that work for Russia, not some oligarch and his pocket change. The oil and gas industries, even if 100% sanctioned by the west and they start sanctioning all countries involved in Russia's oil and Gas, will always find a way to make money, to sell its goods, and to prosper. This has been evident throughout history. They said they will work on their own LNG equipment as is. They said they will do spot market pricing and they said they have a working alternative to swift. So no, they aren't worried, and judging by reading your history on this forums, neither should you since your other doom predictions didn't come true.

The more they push Russia, the more Russia will push back. And the more Russia will start cooperating with other sanctioned countries. Eventually, China and India will want more of Russia's resources and tell the US to take a hike. Because fiat currency doesn't keep their houses warm or put food on the table. The resources do. And the leaderships of these countries do want to be "great" so they will do their own business and not want to look like vassals of the United States. Unless you have some other idea about how your nation operates.

Before anything can be pushed into law, there is already division:
https://sputniknews.com/world/201706151054662260-germany-austria-russia-sanctions/

This comes also after the fact Tillerson was mentioning that there isn't a nation that hasn't addressed to him to fix relations with Russia.

I think the law has already been passed by Senate so its come into effect , Now Germany and Austria is not happy about it as it affect Nord Stream-2 but from what I read Nord Stream-2 finance is not an issue as the partners have made those arrangement.

As I said in the other thread, Austria and Germany already transferred the funds in haste

Very Interesting if this happens

Stockman Warns: S&P 500 Is Due for a Massive Crash Any Day

I hope this July when Chinese President visits Russia they make some progress on Western Gas Pipeline.

Putin says if sanctions gets implemented fully Russia might take steps , Hopefully Bare Mininum they Sell of All US T Bills , No Point Rewarding the Thugs of US Senate with Russian Hard Earned Money.

As&$&$* think they are God to put Global Sanctions on Russia

Getting out of many Bilateral Treaty not useful for Russia should also be carried out in Parallel.

Russia eyes India for IT exports

http://www.thehindu.com/business/russia-eyes-india-for-it-exports/article19095036.ece

Austin wrote:I hope this July when Chinese President visits Russia they make some progress on Western Gas Pipeline.

Putin says if sanctions gets implemented fully Russia might take steps , Hopefully Bare Mininum they Sell of All US T Bills , No Point Rewarding the Thugs of US Senate with Russian Hard Earned Money.

As&$&$* think they are God to put Global Sanctions on Russia

Getting out of many Bilateral Treaty not useful for Russia should also be carried out in Parallel.

not much Russia can do besides pressure US based businesses in Russia, sack USD as a trading currency in future deals, raise stakes or outright bar sales of titanium to US. That, and what you said, sell the US T bonds. But outside of that, not much else. The two states barely had a trade. China, India and others agreed to trade in their respective currencies with Russia. So it isn't like already stuff is in place. They said they will retaliate if sanctions placed, but as I said, at this point, besides some punitive measures, there isn't much else to do before full trade barrier between US/Russia.

Boeing has big investement in Russia for Titanium

Boeing's $27 billion titanium, tech deals with Russia

http://www.philly.com/philly/blogs/inq-phillydeals/Boeings-billion-dollar-titanium-tech-deals-with-Russia.html

Boeing Is Fixed In Titanium Valley

https://www.ruaviation.com/docs/7/2016/12/26/114/print/