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    Russian Economy General News: #9

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    franco

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    Re: Russian Economy General News: #9

    Post  franco on Fri May 11, 2018 9:10 pm

    miketheterrible wrote:According to Tass, Kudrin was offered accounts chamber job. What does the accounts chamber do exactly?

    Auditor General in most Anglo-saxon countries.
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    Kimppis

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    Re: Russian Economy General News: #9

    Post  Kimppis on Fri May 11, 2018 9:41 pm

    Russia's federal budget is still based on an oil price of $40 while Brent is almost $80 per barrel and ruble is still weak. Smile Laughing
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    franco

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    Re: Russian Economy General News: #9

    Post  franco on Fri May 11, 2018 9:47 pm

    Kimppis wrote:Russia's federal budget is still based on an oil price of $40 while Brent is almost $80 per barrel and ruble is still weak. Smile Laughing

    And Trump accused both the Russians and Chinese of keeping their currencies devalued on purpose.
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Fri May 11, 2018 10:08 pm

    Sputnik:
    Revenues from oil and gas will grow enormously in 2018.

    Budget surplus of 440 Billion rubles. 0,4% of GDP.


    On the german state tv they still keep talking about "Putins empty pockets". Rolling Eyes
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    Kimppis

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    Re: Russian Economy General News: #9

    Post  Kimppis on Fri May 11, 2018 11:10 pm

    Hole wrote:Sputnik:
    Revenues from oil and gas will grow enormously in 2018.

    Budget surplus of 440 Billion rubles. 0,4% of GDP.


    On the german state tv they still keep talking about "Putins empty pockets".  Rolling Eyes

    They are probably underestimating that surplus at this rate...

    Yeah, and Russia was going to "run out of" "money"... I think by 2016?

    Wasn't the Dark Lord supposed to be the richest person in the world as well just recently according to Western press? Was it 200 billion USD or 200 trillion?
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Fri May 11, 2018 11:13 pm

    Hole wrote:Sputnik:
    On the german state tv they still keep talking about "Putins empty pockets".  Rolling Eyes

    technically they're right!  Money goes to Russian budget not to Putin's pocket Smile




    Kimppis wrote:
    They are probably underestimating that surplus at this rate...


    this is budget surplus I understand not extra money for budget (~1,5 USD trillions)






    Yeah, and Russia was going to "run out of" "money"... I think by 2016?
    Wasn't the Dark Lord supposed to be the richest person in the world as well just recently according to Western press? Was it 200 billion USD or 200 trillion?

    traditional US doublespeak - Russia is poor and has no economy and populations and same time Russia spends hundreds of billions on aggressive actions! Millions of Russian soldiers are ready to take over europe!

    Same time Russia is outspending on military and Russia is tutting money fo r military.

    AS for Putin's money - oh let's not restict our fantasy Smile let them be quadrillions and of course MUST BE in USD. Because secretly Putin dreams to be rich American Smile
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Sat May 12, 2018 12:05 am

    Hole wrote:Sputnik:
    Revenues from oil and gas will grow enormously in 2018.

    Budget surplus of 440 Billion rubles. 0,4% of GDP.


    On the german state tv they still keep talking about "Putins empty pockets".  Rolling Eyes

    Deutschland is just another fiat bubble economy with a debt almost the same size as its GDP. It is in no position to
    diss Russia's finances. Since the Russian government basically has no debt of any size worthy of discussion, has been
    running a deficit much less than routinely found in the UK (for example), and sits on a vast pool of resource wealth it
    actually has a massive net worth. Its pockets are bursting at the seams with gold and diamonds. Real wealth and
    not fake paper con-artistry.
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Sat May 12, 2018 12:08 am

    franco wrote:
    Kimppis wrote:Russia's federal budget is still based on an oil price of $40 while Brent is almost $80 per barrel and ruble is still weak. Smile Laughing

    And Trump accused both the Russians and Chinese of keeping their currencies devalued on purpose.  

    I started thinking Trump might be a man of substance, but now think he is an American idiot. Russia has a
    fully floating currency as of late 2014. It did not even have a controlled currency like China long before this
    transition. How does Trump propose Russia manipulates its currency value? By hacking currency markets?

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sat May 12, 2018 6:11 am

    Russia's Total Public Debt Decreases to 33% of Country's GDP

    https://sputniknews.com/business/201805041064162414-russian-public-debt-decreases/

    MOSCOW (Sputnik) - The total public debt of the Russian Federation as of January 1 stands at 33 percent of the country's GDP, which represents a 7 percent year-on-year decrease, the Russian Central Bank said in its annual report for 2017, released on Friday, noting this was considered a moderate debt burden.

    "As of January 1, 2018 the debt burden on the Russian economy remained moderate: the debt-to-GDP ratio amounted to 33 percent (in early 2017 — 40 percent)," the annual report said.

    According to the report, a large share of Russian external debt obligations (86.5 percent of the total external debt) accounted for the private sector and totalled $448.6 billion.


    Meanwhile, the external debt of government bodies and the Central Bank reached $70.3 billion in 2017, of which $14.5 billion was debt belonging to the Central Bank.The repayment and servicing of the external debt of government bodies rose to $4.4 billion. In general, the total debt increased by $16.7 billion to $55.6 billion, the report indicated.

    "The eternal debt obligations of the Russian federal subjects have hardly changed and amounted to $200 million," the report read further.

    The Russian ruble-denominated external debt corresponds to $137.4 billion, while the dollar-denominated portion of the debt totals $381.4 billion.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sat May 12, 2018 6:22 am

    Sanctioning Russian sovereign debt

    http://www.intellinews.com/sanctioning-russian-sovereign-debt-140709/
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    Hannibal Barca

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    Re: Russian Economy General News: #9

    Post  Hannibal Barca on Sat May 12, 2018 11:27 am

    These rats will not back down.  They started their realm with holocaust of 60 million human beings and they are determined to finish it with one more. Better oil your nukes, these parriahs are on collision course.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat May 12, 2018 11:37 am

    kvs wrote:

    Deutschland is just another fiat bubble economy with a debt almost the same size as its GDP.   It is in no position to
    diss Russia's finances.   Since the Russian government basically has no debt of any size worthy of discussion, has been
    running a deficit much less than routinely found in the UK (for example), and sits on a vast pool of resource wealth it
    actually has a massive net worth.   Its pockets are bursting at the seams with gold and diamonds.    Real wealth and
    not fake paper con-artistry.  

    Germany
    I am afraid I cannot agree with you. Germany is nowhere near bubble economy.  Germany has strong industry,with high percentage of hi-tech products. As for manufacturing: Robot saturation comparing to Russia is 100xtimes more as per 2016. Its GDP/debt is around 60%, GDP/R&D ~3%. One of healthiest I'd say

    https://ifr.org/ifr-press-releases/news/robot-density-rises-globally.

    Russia
    Very true,improbable amount of resources, decent level of population, very decent level of mathematical education but it still has to be made an effective money making machine. Imagine potential vs kinetic energy. My understanding of Putin's policy for next term is make as much as possible this potential "kinetic"






    Austin wrote:Sanctioning Russian sovereign debt

    http://www.intellinews.com/sanctioning-russian-sovereign-debt-140709/

    inside this article:

    The finance ministry will have to issue some bonds especially if Russia suffers another oil price shock, but economists say that there is plenty of money inside the country to cover a lot of bond issues.
    The biggest pool of money is the RUB25 trillion of retail deposits with Russian banks – well over twenty times the finance ministry’s annual OFZ borrowing plans.


    I wouldn't worry about it that much.  US is getting desperate as GDP debt grows but is not all mighty. Especially because of moronic policy to attack all countries but Israel.  As Newton's Third Law says action and reaction force pairs.
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Sat May 12, 2018 11:43 am

    Remember Gaddhafi? They claimed he had hundred billion or more, because the central bank of Libya had that much money! There are real geniuses in the west.

    Germany got 2,2% growth last year. Thanks to the ECB and her 0% interest rate, cheap labour from Romania and Bulgaria and the euro being low thanks to Greece, Spain and so on. The media celebrated it like nuts.

    Russia had 2%, despite sanctions and 7% interest rates and the western media sneered.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat May 12, 2018 11:53 am

    Hole wrote:Remember Gaddhafi? They claimed he had hundred billion or more, because the central bank of Libya had that much money! There are real geniuses in the west.

    he had also billions in the west which evaporated after his assassination by western spec ops.



    Germany got 2,2% growth last year. Thanks to the ECB and her 0% interest rate, cheap labour from Romania and Bulgaria and the euro being low thanks to Greece, Spain and so on. The media celebrated it like nuts.

    oh well compare it with France with average 1.1% with same conditions and ~100% gdp/debt asper 2016 . Eastern Europe is war spoils why not to use it? they wanted to be in EU didnt they? Twisted Evil Twisted Evil Twisted Evil

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    franco

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    Re: Russian Economy General News: #9

    Post  franco on Sat May 12, 2018 12:50 pm

    GunshipDemocracy wrote:

    Germany
    I am afraid I cannot agree with you. Germany is nowhere near bubble economy.  Germany has strong industry,with high percentage of hi-tech products. As for manufacturing: Robot saturation comparing to Russia is 100xtimes more as per 2016. Its GDP/debt is around 60%, GDP/R&D ~3%. One of healthiest I'd say

    https://ifr.org/ifr-press-releases/news/robot-density-rises-globally.

    Russia
    Very true,improbable amount of resources, decent level of population, very decent level of mathematical education but it still has to be made an effective money making machine. Imagine potential vs kinetic energy. My understanding of Putin's policy for next term is make as much as possible this potential "kinetic"

    This is the biggest anglo-saxon nightmare... an alliance between Russia and Germany.
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    kvs

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    Re: Russian Economy General News: #9

    Post  kvs on Sat May 12, 2018 3:24 pm

    franco wrote:
    GunshipDemocracy wrote:

    Germany
    I am afraid I cannot agree with you. Germany is nowhere near bubble economy.  Germany has strong industry,with high percentage of hi-tech products. As for manufacturing: Robot saturation comparing to Russia is 100xtimes more as per 2016. Its GDP/debt is around 60%, GDP/R&D ~3%. One of healthiest I'd say

    https://ifr.org/ifr-press-releases/news/robot-density-rises-globally.

    Russia
    Very true,improbable amount of resources, decent level of population, very decent level of mathematical education but it still has to be made an effective money making machine. Imagine potential vs kinetic energy. My understanding of Putin's policy for next term is make as much as possible this potential "kinetic"

    This is the biggest anglo-saxon nightmare... an alliance between Russia and Germany.

    All NATO GDP growth numbers are manipulated rubbish. The central banks of these countries run essentially zero prime rate policies.
    Contrast this to Russia where some monetarist witch is imposing a prime rate of 7.5%.

    Germany is a bubble GDP by definition. Just because it exports a lot does not negate zero prime rate bubble inflation. A financial bubble
    is a financial bubble regardless of all other factors. If Germany's GDP growth was 100% related to its exports, then someone would have
    a point. Too bad for them, this is clearly not the case.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sat May 12, 2018 4:32 pm

    kvs your opinion on this article because it runs to contrarian wisdom

    5 Misconceptions About The $20 Trillion Of U.S. Debt
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Sat May 12, 2018 5:01 pm

    To Gunship: The Libyan state had billions in the west, not Gaddhafi personaly.

    To Austin: The 20 Trillion isn´t the whole number. There is more debt, much more liabilities. All pension funds of the individual states lost a lot of money in the last ten years. There are gigantic gaps between the available money and the amount they will have to spend for their members (teachers, police men and so on).
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sun May 13, 2018 4:54 am

    kvs wrote:
    Germany is a bubble GDP by definition.   Just because it exports a lot does not negate zero prime rate bubble inflation.   A financial bubble
    is a financial bubble regardless of all other factors

    There is one but - Germany is part of EU and has by definition access to market of size 500+mlns with avg salary higher than Russia or China. Euro is one of main reserve currency. Thus you can print money exporting your debt to buyers of your papers.





    Hole wrote:To Gunship: The Libyan state had billions in the west, not Gaddhafi personaly.

    oh no! this would just theft on epic scale - not confiscation pocket money form dictator but stealing national wealth! contrary to western values  lol1  lol1  lol1


    Hole wrote: To Austin: The 20 Trillion isn´t the whole number. There is more debt, much more liabilities. All pension funds of the individual states lost a lot of money in the last ten years. There are gigantic gaps between the available money and the amount they will have to spend for their members (teachers, police men and so on).

    for me there is more than that. Although debt in current size wont kill america but blog's author thesis that
    1) there is constant growth of economy bringing more money than spent of debt
    2) you dont have to pay it back really


    assumes: somebody is gonna to finance it although implicitly.

    Otherwise we have just discovered a perpetum mobile! How can you invest without money? bu printing it! ooops but why it failed in Zimbabwe? because Zimbabwe's dollar was not a reserve currency, Zimbabwe had no propaganda machine and not CVNSGs and expeditionary punishment corps.

    In such case simple remove dollar as worlds currency and boing... unless USA same  to Baron Munchhausen pulling himself and the horse on which he was sitting out of a mire by his own hair Razz Razz Razz






    franco wrote:
    This is the biggest anglo-saxon nightmare... an alliance between Russia and Germany.

    not only , imagine Epic Emperor Micron - who is gonna to fiance ambitious French projects is not Germany and semi-slave workforce form eastern Europe? But true Russia and Germany are much of natural allies. That's why IMHO west always tries to incite Germans for conflict with Russia and other way around. Imagine what interest had Russia to attack German Empire in 1914? This was about colonies in Africa and Iran/Asia


    andalusia

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    Re: Russian Economy General News: #9

    Post  andalusia on Mon May 14, 2018 10:12 am

    Why doesn't Russia make an attempt to issue their currency interest free like America or Nationalist Socialist Germany once did?

    http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money

    http://www.webofdebt.com/articles/bankrupt-germany.php

    On a lighter note, why doesn't Russia honor people like Catherine the Great, Tchaikovsky, Alexander Pushkin and the beautiful architectural building of Saint Basil's Cathedral on it's banknotes? Russian rubles seem a little boring but it is more colorful than American money.

    https://en.wikipedia.org/wiki/Russian_ruble

    I would like to know what do people on this forum think about the slogan "In God We Trust" that appears on US money as a response to godless Communism during the 1950s? https://thesocietypages.org/socimages/2012/05/16/communism-atheism-and-placing-in-god-we-trust-on-the-u-s-dollar/

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Mon May 14, 2018 11:26 am

    List of Countries by Projected GDP International Monetary Fund World Economic Outlook (April - 2018

    http://statisticstimes.com/economy/countries-by-projected-gdp.php

    They list PPP GDP for Russia of 4,168.884 USD for 2018 and projected for 2023 @ 4,933

    Why such small gain in all these years for PPP ?
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon May 14, 2018 6:30 pm

    Austin wrote:List of Countries by Projected GDP International Monetary Fund World Economic Outlook (April - 2018

    http://statisticstimes.com/economy/countries-by-projected-gdp.php

    They list PPP GDP  for Russia of 4,168.884 USD for 2018 and projected for 2023 @ 4,933

    Why such small gain in all these years for PPP ?

    Less growth than Germany and on level of riddling Japan Smile  I'd say simple extrapolation with ~ +2,8% growth (PPP).  If Putin manages force  govt to make break through then with ~5,4 trillions GDP would be on 5th place.



    [quote]
    andalusia wrote:Why doesn't Russia make an attempt to issue their currency interest free like America or Nationalist Socialist Germany once did?

    ekhm why Russian should copy nazi Germany? in any respect? apart from moral side so where is this nazi Germany now?





    I would like to know what do people on this forum think about the slogan "In God We Trust" that appears on US money as a response to godless Communism during the 1950s? https://thesocietypages.org/socimages/2012/05/16/communism-atheism-and-placing-in-god-we-trust-on-the-u-s-dollar/

    no idea, but to me communists were much closer to God than USA any time in its history.

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    Re: Russian Economy General News: #9

    Post  andalusia on Mon May 14, 2018 10:51 pm

    GunshipDemocracy wrote:
    Austin wrote:List of Countries by Projected GDP International Monetary Fund World Economic Outlook (April - 2018

    http://statisticstimes.com/economy/countries-by-projected-gdp.php

    They list PPP GDP  for Russia of 4,168.884 USD for 2018 and projected for 2023 @ 4,933

    Why such small gain in all these years for PPP ?

    Less growth than Germany and on level of riddling Japan Smile  I'd say simple extrapolation with ~ +2,8% growth (PPP).  If Putin manages force  govt to make break through then with ~5,4 trillions GDP would be on 5th place.



    andalusia wrote:Why doesn't Russia make an attempt to issue their currency interest free like America or Nationalist Socialist Germany once did?

    ekhm why Russian should copy nazi Germany? in any respect? apart from moral side so where is this nazi Germany now?

    Did you read the two links I posted? Germany was able to recover from the Depression without a need for the international bankers. They financed their infrastructure by issuing its own money without borrowing. That is what Russia should do.



    I would like to know what do people on this forum think about the slogan "In God We Trust" that appears on US money as a response to godless Communism during the 1950s? https://thesocietypages.org/socimages/2012/05/16/communism-atheism-and-placing-in-god-we-trust-on-the-u-s-dollar/

    no idea, but  to me communists were much closer to God than USA any time in its history.

    The communists did ban religion during the rule of the Soviet Union and was officially an atheist state.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Tue May 15, 2018 1:21 am

    andalusia wrote:The communists did ban religion during the rule of the Soviet Union and was officially an atheist state.

    Please read my previous post once more this and you'll get what I mean Smile





    Gazprombank and Rostech become co-owners of Mail.ru Group

    Megafon will receive $ 247.5 million for shares of Mail.ru Group within the framework of creation of a joint venture with partners

    MOSCOW, May 8. / TASS /. Operator Megafon creates a joint venture for the development of digital services and projects in the digital economy with Gazprombank, Rostekh and its controlling shareholder USM Holdings Alisher Usmanov.

    The operator said that it transfers to the joint venture 11.5 million shares of Mail.ru Group class A worth $ 450 million. The package represents 5.23% of the economic stake in the company, or 58.87% of the vote. Now Megafon owns 15.2% of the economic share of Mail.ru Group, or 63.8% of voting shares.

    In return, Megafon will receive $ 247.5 million before taxes - these funds will help reduce the operator's debt burden. As of the end of 2017, MegaFon's net debt in the telecom segment was 234.5 billion rubles.

    The price of the transaction assumes a premium to the market price of Mail.ru Group securities as of May 4, 2018 at a rate of 29% - these terms are more favorable than in the framework of the deal to purchase a stake in Mail.ru Group in February 2017 by Megafon.

    How and when will it be
    The joint venture will be established on the basis of MF Technology JSC (ITF). Now this structure belongs to the 100% subsidiary of Megafon Lefbord Investment Limited.

    "As part of the deal, Gazprombank will acquire a 35% stake in Leftbord from the ITF, USM - 9%, and Rostek - 11%." As a result of the transaction, Lefbord still has a 45% stake in the deal, which was valued at $ 450 million. " - said in the statement of the operator.

    After the deal is closed, MegaFon owns 21.94 million common shares, which account for 10% of Mail.ru Group's economic share. "At present, Megafon does not plan to sell this stake," the operator said.

    Executive director of "Megafon" Gevorg Vermishyan told TASS that the company plans to close the deal in May. "We received a decision of the board of directors of Megafon yesterday, and in May we plan to close the deal," he said.

    The profit of 12 billion rubles
    According to Vermishyan, "Megafon" estimates the cash profit from investments in Mail.ru Group of 12 billion rubles. "The total package of 58.87% of the voting shares of Mail.ru Group is estimated at $ 450 million. For us, this corresponds to a cash investment profit of about 12 billion rubles," he said.

    The valuation of the $ 450mn package corresponds to approximately $ 39 per share, while Megafon bought Mail.ru Group shares at $ 22 per share, Vermishyan explained. "The difference between the price of today's valuation and the price of our entry - this is the money profit," he added. For 63.8% of the voting shares of Mail.ru Group, Megafon paid $ 740 million.

    USM Holdings manages the assets of entrepreneur Alisher Usmanov. At the moment, the group is the main shareholder of Megafon and controls 56.32% of the operator's shares. Shares Mail.ru Group last year, "Megafon" bought from the structures of Usmanov.

    Big plans
    The joint venture will unite the expertise of the leaders of telecommunications, IT business, financial services and high-tech industries - to enter new markets and create industrial solutions, the report said.

    Together with partners, Megafon plans to implement a number of projects, among them the creation of software products aimed at digitizing the work of large companies and developing solutions based on the blockbuster.

    Rostekh, who is one of the key participants in the direction "Formation of research competencies and technological reserves" of the program "Digital Economy", will use its experience in the field of development and implementation of digital technologies, Tass learned from the press service of the state corporation.

    "The most important project, already underway, is the creation of a digital financial platform on the basis of which the parties will develop high-tech services: payment, credit and other digital products." For this purpose, Megafon, Mail.ru Group, USM and Gazprombank plan to create a company Digital JV (DJV), "the report said.

    The plans are also to form a joint investment fund for investments in promising technology companies.

    Since the acquisition of the stake in the Mail.ru Group in February 2017, the operator has sought to extract synergies from this partnership, said the executive director of Megafon. "We did something very well, something did not work out - for example, we decided to close a project like VK Mobile, but now we see that synergies at the interface of industries in a broader range of participants can bring significantly more serious benefits and growth of shareholder value, "Vermishyan said.

    "Megafon" "seeks to play a leading role in the digital economy of Russia," Megafon reported referring to the company's CEO Sergei Soldatenkov. "Today, the efforts of the leaders of telecommunication, high-tech and financial markets are united all over the world to create new digital products and services, in this connection we join forces with the leading Russian players of these markets to build a digital bank and more active work in the corporate segment," he said. he.

    Soldatenkov believes that the partnership will allow Megafon to participate in more projects and ensure the operator's exit into the new growing digital economy markets.

    The goal of the partners is to create a unique platform that will not only generate new products, but an entire ecosystem based on fundamentally new digital financial instruments, USM reported referring to the head of USM Management, Ivan Streshinsky. The parties have experience of successful cooperation and a common view on the future of the digital industry, he said.


    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5183514

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Tue May 15, 2018 8:38 am

    Shestiletku - for thirteen projects
    New national targets will be oncology, digital lines and urban roads

    https://www.kommersant.ru/doc/3628758

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