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    Russian Economy General News: #8

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    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Fri Apr 20, 2018 7:33 am

    GTD-110M is a heavy upgrade infact a new engine compared to GTD-110 , The russians have the habbit of using M designation making one believe it is just a minor upgrade to original designation.

    Once upon a time Su-35 used to be called Su-27M !

    http://www.npo-saturn.ru/?rssid=1500668501&sat=6&slang=1

    GTD-110M with a capacity of above 110 mW is a single-shaft gas turbine designed for application in high-capacity gas-turbine power-generating and combined-cycle plants. It is the result of heavy upgrade of the gas-turbine engine GTD-110. Currently Russia has no batch production of domestic gas turbines with a capacity of above 110 mW. The work at the GTD-110M project is being carried out by Gas-Turbine Technologies Engineering Centre - a joint venture which includes Inter RAO, Rusnano, and UEC-Saturn as the manufacturer of the turbine (UEC-Saturn is a UEC company located in Rybinsk, Yaroslavl Region). The creation of GTD-110M is a strategic project implemented within the framework of the import substitution program as related to gas-turbine technologies with strong support from the Ministry of Industry and Trade of the RF and Rostec State Corporation. At the moment UEC is testing GTD-110M.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Fri Apr 20, 2018 7:34 am

    kvs , Mike and every body read this saxo bank report is an eye opener

    https://www.themaven.net/mishtalk/economics/saxo-bank-quarterly-outlook-end-of-a-cycle-like-no-other-C8VzKb-HfUapajJPNrKNDg/
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sat Apr 21, 2018 12:55 am

    Austin wrote:kvs , Mike and every body read this saxo bank report is an eye opener

    https://www.themaven.net/mishtalk/economics/saxo-bank-quarterly-outlook-end-of-a-cycle-like-no-other-C8VzKb-HfUapajJPNrKNDg/

    People should not be surprised. Globalization was offshoring, which directly impoverished the workers of the "developed countries".
    It made their bosses super rich, but they and their children were shafted. Anyone born after 1990 does not have the good paying job
    opportunities of their parents and grandparents. There is no Amazon "internet" or IT economy. Like Amazon, there is only an internet
    sweatshop. The cornucopians forgot about the offshoring of IT.

    I guess this report does not pertain to China and India. I think that some trickle down happened after 1990 that elevated hundreds of
    millions of people to a higher economic plateau. So this age category would be more optimistic.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Sat Apr 21, 2018 12:56 am

    Austin wrote:GTD-110M is a heavy upgrade infact a new engine compared to GTD-110 , The russians have the habbit of using M designation making one believe it is just a minor upgrade to original designation.

    Once upon a time Su-35 used to be called Su-27M !

    http://www.npo-saturn.ru/?rssid=1500668501&sat=6&slang=1

    GTD-110M with a capacity of above 110 mW is a single-shaft gas turbine designed for application in high-capacity gas-turbine power-generating and combined-cycle plants. It is the result of heavy upgrade of the gas-turbine engine GTD-110. Currently Russia has no batch production of domestic gas turbines with a capacity of above 110 mW. The work at the GTD-110M project is being carried out by Gas-Turbine Technologies Engineering Centre - a joint venture which includes Inter RAO, Rusnano, and UEC-Saturn as the manufacturer of the turbine (UEC-Saturn is a UEC company located in Rybinsk, Yaroslavl Region). The creation of GTD-110M is a strategic project implemented within the framework of the import substitution program as related to gas-turbine technologies with strong support from the Ministry of Industry and Trade of the RF and Rostec State Corporation. At the moment UEC is testing GTD-110M.

    Since there is no domestic production, such learning curve pain is to be expected. But Russia has the scientific capacity to solve these problems.
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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat Apr 21, 2018 12:58 am

    there was for GTD-110.
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    Singular_Transform

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    Re: Russian Economy General News: #8

    Post  Singular_Transform on Sat Apr 21, 2018 12:21 pm

    Austin wrote:GTD-110M is a heavy upgrade infact a new engine compared to GTD-110 , The russians have the habbit of using M designation making one believe it is just a minor upgrade to original designation.

    Once upon a time Su-35 used to be called Su-27M !

    http://www.npo-saturn.ru/?rssid=1500668501&sat=6&slang=1

    GTD-110M with a capacity of above 110 mW is a single-shaft gas turbine designed for application in high-capacity gas-turbine power-generating and combined-cycle plants. It is the result of heavy upgrade of the gas-turbine engine GTD-110. Currently Russia has no batch production of domestic gas turbines with a capacity of above 110 mW. The work at the GTD-110M project is being carried out by Gas-Turbine Technologies Engineering Centre - a joint venture which includes Inter RAO, Rusnano, and UEC-Saturn as the manufacturer of the turbine (UEC-Saturn is a UEC company located in Rybinsk, Yaroslavl Region). The creation of GTD-110M is a strategic project implemented within the framework of the import substitution program as related to gas-turbine technologies with strong support from the Ministry of Industry and Trade of the RF and Rostec State Corporation. At the moment UEC is testing GTD-110M.

    I don't want to picky, but mW is milliwatt, MW is megawatt.
    1000000000 difference.

    https://en.wikipedia.org/wiki/Milliwatt#Milliwatt

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Apr 21, 2018 2:20 pm

    Russia will have a body to coordinate the fight against the consequences of sanctions

    http://www.interfax.ru/business/609479


    Why didnt they do this 4 years earlier , were they sleep walking into this mess ?

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Apr 21, 2018 4:30 pm

    The participants of the JIEF have signed agreements for 162 billion rubles

    https://ria.ru/economy/20180421/1519136047.html

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sat Apr 21, 2018 4:49 pm

    kvs wrote:
    Austin wrote:kvs , Mike and every body read this saxo bank report is an eye opener

    https://www.themaven.net/mishtalk/economics/saxo-bank-quarterly-outlook-end-of-a-cycle-like-no-other-C8VzKb-HfUapajJPNrKNDg/

    People should not be surprised. Globalization was offshoring, which directly impoverished the workers of the "developed countries".
    It made their bosses super rich, but they and their children were shafted. Anyone born after 1990 does not have the good paying job
    opportunities of their parents and grandparents. There is no Amazon "internet" or IT economy. Like Amazon, there is only an internet
    sweatshop. The cornucopians forgot about the offshoring of IT.

    I guess this report does not pertain to China and India. I think that some trickle down happened after 1990 that elevated hundreds of
    millions of people to a higher economic plateau. So this age category would be more optimistic.

    From same report I found this

    As the US runs a large current account deficit, it will have to fund that deficit with foreign capital – likely at a far lower USD value. Providing added urgency to the search for an alternative to the USD is the need to devalue the world’s stock of USD-denominated debt – which has only increased by leaps and bounds in the offshore USD system that got global finances in such a pickle back in 2008-09.

    Last September, the Bank for International Settlements estimated that there was a net $25 trillion in USD-denominated debts and derivatives in the offshore financial system. The world can ill afford another USD funding mishap, one that has already partially been set in motion by Trump’s corporate tax cuts, which are encouraging US corporations to repatriate hundreds of billions of USD from outside the US and draining liquidity from the offshore USD system.
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    GunshipDemocracy

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    Re: Russian Economy General News: #8

    Post  GunshipDemocracy on Sun Apr 22, 2018 2:12 am

    kvs wrote:


    All the hysteria here a couple of years ago how these reserves would now be zero.   This sort of panic is systematic in the case of Russia.   I recall
    2003 when a slew of debt payments were due and all the forecasts for default.   The year came and went without any event.  

    Oh you dont get it. It is Putin's propaganda. Russian reserves are depleted, population decimated and economy in shreds. At least in Big BLack Cock propaganda outlet Smile

    And seriously. With "budget rule" on $40 per barrel and price of crude in range (today) $74 and going up there is no way reserves wont grow. The question why money is being piled up now not invested? perhaps legal regulations and corruption handling first? I am sure after 7 of May many things will start to change.



    I cannot fucking believe it. They planned selling Gazprom to foreign investors?! during wartime? which of US/UK big companies are sold to China or Russia?

    Titov called inexpedient the privatization program in the current conditions in Russia


    YALTA, April 21. / TASS /. The program of privatization of federal property in conditions when the foreign capital is partly closed and it is difficult to find investors inside Russia is not expedient. This opinion was shared with TASS by the business ombudsman Boris Titov on the sidelines of the Yalta International Economic Forum (YAEF).

    "A large privatization program, I think, is not (inexpedient - TASS comment): Of course, it is more difficult to find such investments inside the country, we should also orient ourselves to foreign capital when privatizing.As long as foreign capital is practically closed, this also applies to the western, and the eastern one, "he said, referring to the relevant issue.

    Titov also noted that all major programs may not yield results in terms of money.

    "The question is that the privatization program in our country should not go from above, as we see the privatization program: to sell Gazprom, Rosneft and large companies." Privatization should go from below. "We have a huge amount of property from MUP, FSUE who absolutely can not manage it, they go bankrupt, the debts are huge.We need to start from the bottom, sell all unnecessary, and not even for money, sell the infrastructure for the ruble, "Titov said.

    The 4th JAEF is held on April 19-21. His main theme is "The future of the world, the future of Russia". TASS is a strategic information partner and official photohost agency of the forum.


    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5147085

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sun Apr 22, 2018 5:35 pm

    A question here what happens if in next round of sanctions US applier sanctions similar to Rusal on other companies like Gazprom Rosneft and other key players ?

    Rusal customer have stopped buying because of US Sanctions will the same happen to other Russian companies if US applies very tight sanctions on these big players or Big Banks in Russia ?

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Sun Apr 22, 2018 5:38 pm

    10 year bond yeald of various countries

    ASia and US/Europe https://www.bloomberg.com/markets/rates-bonds
    China https://quotes.wsj.com/bond/BX/AMBMKRM-10Y

    I see alternate to US and Euro Bond is Bond from China , HK and India ,Check their 10 years yeald

    China - 3.5 %
    India - 7.65 %
    HK - 2 %




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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sun Apr 22, 2018 7:38 pm

    Austin wrote:A question here what happens if in next round of sanctions US applier sanctions similar to Rusal on other companies like Gazprom Rosneft and other key players ?

    Rusal customer have stopped buying because of US Sanctions will the same happen to other Russian companies if US applies very tight sanctions on these big players or Big Banks in Russia ?

    They already did.

    Difference was - they ignored when it came to oil and gas. Aluminum is something else and something they we're willing to stop trade with.

    Also, Boris Titov is a nobody who got less votes than Sobchak. He is a bleating heart retard hell bent on getting Western money. He is a running joke among the business elite in Russia.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Apr 23, 2018 6:40 am

    miketheterrible wrote:
    Austin wrote:A question here what happens if in next round of sanctions US applier sanctions similar to Rusal on other companies like Gazprom Rosneft and other key players ?

    Rusal customer have stopped buying because of US Sanctions will the same happen to other Russian companies if US applies very tight sanctions on these big players or Big Banks in Russia ?

    They already did.

    Difference was - they ignored when it came to oil and gas. Aluminum is something else and something they we're willing to stop trade with.

    I dont think they applied the strictest of sanction as they did for Rusal , All they did was to stop financing for Gazprom and Rosneft from US and European banks , They did not threaten counter sanction countries that would buy oil or gas as they did for RuSAL ......That is my understanding.

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Apr 23, 2018 6:41 am

    Seems the only hope Petro Yuan is not doing good

    Petroyuan’s Lacklustre Birth Explained

    Austin

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Apr 23, 2018 11:16 am

    The US is ready to merge Russian national debt and bring down the ruble

    http://agitpro.su/ssha-gotovy-slit-rossijskij-gosdolg-i-obrushit-rubl/?utm_source=finobzor.ru
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    miketheterrible

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    Re: Russian Economy General News: #8

    Post  miketheterrible on Mon Apr 23, 2018 1:30 pm

    Austin wrote:
    miketheterrible wrote:
    Austin wrote:A question here what happens if in next round of sanctions US applier sanctions similar to Rusal on other companies like Gazprom Rosneft and other key players ?

    Rusal customer have stopped buying because of US Sanctions will the same happen to other Russian companies if US applies very tight sanctions on these big players or Big Banks in Russia ?

    They already did.

    Difference was - they ignored when it came to oil and gas. Aluminum is something else and something they we're willing to stop trade with.

    I dont think they applied the strictest of sanction as they did for Rusal , All they did was to stop financing for Gazprom and Rosneft from US and European banks , They did not threaten counter sanction countries that would buy oil or gas as they did for RuSAL ......That is my understanding.

    Your not good at lying. Cause even you mentioned about it with Nord Stream 2, worried as usual about nothing when "but who will fund it if they get sanctioned?". Yes, they threatened nations and companies of sanctions if they do business with rosneft and Gazprom, even with individual projects.

    Now Germany is looking to bypass sanctions to continue to buy aluminum from Rusal.

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Apr 23, 2018 6:29 pm

    The US Treasury will lift sanctions against Rusal, if Deripaska refuses to control the company

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5150923

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    Re: Russian Economy General News: #8

    Post  Austin on Mon Apr 23, 2018 7:06 pm

    Putin to Back $162 Billion Spending Spree for New Term

    https://www.bloomberg.com/news/articles/2018-04-23/putin-said-to-back-162-billion-spending-spree-for-new-term

    Plan would boost outlays on health, education, infrastructure
    Kremlin sets biggest expenditure increase since 2012 campaign


    Vladimir Putin is planning a roughly 10 trillion-ruble ($162 billion) increase in spending on health care, education and infrastructure, hoping to kick-start sputtering economic growth in his new presidential term, according to people familiar with the plans.

    The Russian president is expected to formalize the six-year plan in a decree to be signed just after his May 7 inauguration, laying out plans for the “decisive breakthrough” in raising living standards that he called for in his annual state-of-the-nation speech in March, these people said, speaking on condition of anonymity to discuss matters that aren’t yet public.

    Some of the new spending will be offset with cuts in other areas -- the budget already calls for gradual reductions in military spending in the next few years after a boom during Putin’s current term -- and revenue increases, possibly including tax hikes, these people said. Among those under consideration is the imposition of a new 4 percent sales tax, though that hasn’t yet been approved. The plan’s overall price tag, as well as details on how it will be financed, aren’t likely to be spelled out in the initial announcement, however, these people said. It will be the biggest boost in government outlays since his last campaign in 2012.


    Increasingly isolated by U.S. and European Union sanctions, Putin is searching for ways to get the economy back into high gear amid a slow recovery following the longest recession of his 18-year rule. While he’s called for steps to stimulate private business and investment, the bulk of what he’s expected to announce around the inauguration is likely to be state-driven, these people said.

    Infrastructure, Health, Education

    The latest plan has been in the works for several months and the overall price tag of 10 trillion rubles was calculated in recent weeks and could still be adjusted. Some of the new funding could begin this year, but the largest increases are expected to come after 2020.


    The initial plan called for boosting spending on long-neglected roads and other transport infrastructure by about a third, with increases for health and education, which have also been underfunded for years, by about 20 percent. That version of the plan would amount to about 2.3 percent of gross domestic product per year, adding to the roughly 9 percent Russia now spends on the three areas. The final figures could differ from those somewhat, the people said.

    How much of the latest increases would be offset by cuts in other spending and tax hikes isn’t yet clear, according to the people. The recent rise in oil prices could ease the financial pressure on the Kremlin, potentially pushing the budget into surplus this year.

    Kremlin Spokesman Dmitry Peskov didn’t immediately respond to a request for comment.
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    Hole

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    Re: Russian Economy General News: #8

    Post  Hole on Mon Apr 23, 2018 9:58 pm

    Long-neglected roads and underfunded health care and education - and that from an "News Source" from Amiland. Could be from Monty Python.
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Tue Apr 24, 2018 1:02 am

    Hole wrote:Long-neglected roads and underfunded health care and education - and that from an "News Source" from Amiland. Could be from Monty Python.

    Yeah, Putin is damned if he does and damned if he doesn't.

    People with developed brain capacity see this move as a necessary one due to chronic underfunding since the good old days of
    Yeltsin. To clarify, expenditures have increased since 2000 but they lag other sectors of the economy.

    Putin should also start teaching the Russian taxpayer that a 13% flat tax is not going to give them everything they want.
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    GarryB

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    Re: Russian Economy General News: #8

    Post  GarryB on Tue Apr 24, 2018 1:43 am

    Well that evil Putin is spending more on infrastructure and schools and healthcare, while the west spends money bombing Syria...

    Interesting definition of evil there guys...

    Putin should also start teaching the Russian taxpayer that a 13% flat tax is not going to give them everything they want.

    Tax rates are not the issue if everyone pays... most of the richest companies in the west don't pay tax... they exploit loop holes and evade tax responsibilities with enormous enthusiasm.

    when everyone actually pays you would be surprised how much money becomes available, but no amount could ever be enough and constantly increasing tax rates is never a good solution.

    We have a high tax rate here in NZ... and we have a goods and services tax on top of that... it started out at 10%, and then went to 12.5% and is now 15%... it is only a matter of time before some genius claims all our problems will be solved when it moves to 20%...
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    kvs

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    Re: Russian Economy General News: #8

    Post  kvs on Tue Apr 24, 2018 2:55 am

    GarryB wrote:Well that evil Putin is spending more on infrastructure and schools and healthcare, while the west spends money bombing Syria...

    Interesting definition of evil there guys...

    Putin should also start teaching the Russian taxpayer that a 13% flat tax is not going to give them everything they want.

    Tax rates are not the issue if everyone pays... most of the richest companies in the west don't pay tax... they exploit loop holes and evade tax responsibilities with enormous enthusiasm.

    when everyone actually pays you would be surprised how much money becomes available, but no amount could ever be enough and constantly increasing tax rates is never a good solution.

    We have a high tax rate here in NZ... and we have a goods and services tax on top of that... it started out at 10%, and then went to 12.5% and is now 15%... it is only a matter of time before some genius claims all our problems will be solved when it moves to 20%...

    Believe me, I feel your pain. The worst thing about these sales taxes is that they are applied to every resale. So the
    grubbermint gets 15% of the price of a new car and 15% of the price every time it is resold. This is absurd. The initial
    tax should be the final tax. And 15% is 100% too high. All VATs should be at most 7.5%.

    In Canada it is popular to kiss corporate a** and reduce the corporate tax all the time. I believe that after Harper we have it
    at under 15%. Back during the 1960s about 50% of income tax came from companies and individual tax payers each. Now
    it is the private citizen that keeps the whole racket afloat.

    While tax-rape is the norm in the west, in Russia people are still living the commie good life in some sort of inverted version of
    the west. In spite of all the hate propaganda aimed at Putin and Russia, offloading taxes onto oil and gas sales is brilliant.
    But a 13% flat tax for individuals is as absurd as the same tax for corporations. A better formula is needed and then
    written into the constitution to prevent the moving goal posts problem you see in the west.
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    Re: Russian Economy General News: #8

    Post  Hole on Tue Apr 24, 2018 11:47 am

    The problems in Russia (roads and so on) are mostly the result of clear defined responsibilities of federal, regional and local authorities. In Germany you got federal, state and local roads. Everybody knows who has to look after them and where the money is coming from. In Russia the local authorities just wait until the situation becomes unbearable and the federal government comes in to fix the Problem.

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    Re: Russian Economy General News: #8

    Post  Austin on Tue Apr 24, 2018 6:23 pm

    The 10 trillion or what ever be the expenditure , the key to make sure it is success is to ensure the process of open tender and not let Putin close associate or Oligarch take major share of 10 trillion rouble.

    If they need to build road or any infra project let it be done under open tender for every one to see and not be a give away via closed tended process

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