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    Russian Economy General News: #9

    Hole
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    Post  Hole on Fri Aug 17, 2018 5:25 pm

    There is a street now spanning the whole of Siberia.

    Russian Economy General News: #9 - Page 20 000112

    Alrosa is a state owned company.

    I know that building infrastructure is better than unnecessary military expenditures. I just wanted to show some of the censored in this forum that money isn´t the problem.
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    Post  miketheterrible on Fri Aug 17, 2018 5:33 pm

    Once the infrastructure is built, and the logistics are built, then they can concentrate on military more than currently.

    The smart move they are doing is investing billions in Rostec, which in turn is investing billions in R&D in technology as well as marketing it. Since its state run and most of its assets even not related to the semiconductor fields and IT, are forced to start using their own made semiconductors. And now government institutions are moving towards it. Eventually the private sectors will end up too.
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    Post  Hole on Fri Aug 17, 2018 10:20 pm

    Don´t know how "our western friends and partners" put together their ranking lists, but Rostec should be the worlds largest defence company. They own have of the russian MIC.
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    Post  GunshipDemocracy on Fri Aug 17, 2018 11:12 pm

    Hole wrote:
    Alrosa is a state owned company.


    2/3 rest is "private investors" not sure if Abramovich tho. For years such minority investors as in Aeroflot blocked many pro domestic decisions. I m glad now times forced authorities to make right move. Less on Chelsea FC more in economy.



    I know that building infrastructure is better than unnecessary military expenditures. I just wanted to show some of the  censored in this forum that money isn´t the problem.

    depnding how you see it Smile there is always some supply of money, there is always too little to fund everything you need thus prioritization. Looks like current decisions make Russia pretty safe from US/NATO aggression so country can focus on internal development.


     

    Talking about Rostek

    Rostekh creates in the Vladimir region a cluster for the production of cyber-protected high-precision machine tools



    State Corporation Rostek is creating a machine tool cluster for the development and serial production of modern high-precision machines and machining centers. The cluster based on the Kovrov Electromechanical Plant (KEMZ) will solve the problem of technological dependence of the Russian economy on foreign industrial equipment.

    This was announced during a retreat in the city of Kovrov, Vladimir Region, Rostekh CEO Sergei Chemezov. The meeting on the removal of legislative barriers in the field of diversification of defense industry enterprises was also attended by State Duma Speaker Vyacheslav Volodin, deputies of the State Duma, representatives of the Ministry of Industry and Trade of the Russian Federation, and representatives of the legislative and executive branches of the Vladimir Region.

    At the moment, to expand the production of machine tools at KEMZ, a new building with an area of ​​5 thousand square meters is being built. The commissioning of the new workshop will take place in 2019. Taking into account new production areas, the cluster will be able to produce up to 650 modern machines a year.

    "Obviously, without an own machine tool that meets modern requirements, it is impossible either to import substitution or to create new technological productions. This is the basic branch of the economy, which provides opportunities for the development of other industries. The example of the Kovrov Electromechanical Plant shows that our approach to the transfer of military enterprises to civilian rails can solve not only the task of loading the capacities of defense industry enterprises during periods of decreasing state defense order, but also contribute to the elimination of technological dependence in critically important sectors on an all-Russian scale. Investments in the creation of the cluster will amount to about 460 million rubles until 2024, "stressed General Director of Rostekh State Corporation Sergei Chemezov.

    The main task of the cluster is the maximum localization of the production of turning, turning, milling, vertical milling, horizontal milling machines of the most modern level, which will form the basis for the creation of "digital factories". The main advantage of Russian machines and machining centers is the domestic CNC system that will ensure their cyber-protection: the new generation machines guarantee a high level of information protection and the absence of hidden opportunities for unauthorized remote access to systems.

    At the moment, at the capacities of KEMZ, in the framework of cooperation with enterprises that will enter the cluster, 10 models of machine tools are already being assembled. The first samples of 5-axis vertically-milling machining centers with programmed control that can produce details of the highest accuracy classes, for example, turbine blades or honeycomb components in aircraft building, are created. The share of Russian components in the KEMZ products, depending on the model of the machine, is now between 50 and 60%. By 2026 the share of foreign components is planned to be reduced to less than 10%.

    "The machine tool cluster will include the leading Russian enterprises capable of creating the elements of machine tools, as well as research institutes ready to develop all the necessary documentation. The formation of such cooperation will allow to expand the line of equipment that will be produced at KEMZ in the interests of Russian industry in the shortest possible time, "added Rostekh head Sergei Chemezov.

    http://rostec.ru/media/pressrelease/rostekh-sozdaet-vo-vladimirskoy-oblasti-klaster-dlya-proizvodstva-kiberzashchishchennykh-vysokotochn/
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    Post  miketheterrible on Sat Aug 18, 2018 3:51 am

    I think Abromovich fled the country cause he was worried his Jewish Shekels were going to vanish.
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    Post  Austin on Sat Aug 18, 2018 8:30 am

    Russia's external debt fell to a minimum in July from the end of 2012

    The external debt of Russia in July 2018 decreased by $ 3.629 billion, or 7.1%, to $ 47.332 billion, according to the information published by the Ministry of Finance on the structure of the state external debt. The decline in state debt in July was due to the repayment of 20-year Eurobonds for $ 3.466 billion issued on July 24, 1998, the rate on them was 11% per annum.

    In circulation there was one more issue of 1998 - placed on June 24, with a volume of $ 2.5 billion with a rate of 12.75%.

    The current level of the external public debt of the Russian Federation is the lowest since the end of 2012 (as of December 1, 2012 - $ 40.873 billion, as of January 1, 2013, $ 50.769 billion), Interfax reported. In December 2012, as part of the external debt, arrears on state guarantees in foreign currency increased 11-fold to $ 11.390 billion. As of August 1, it was $ 10.493 billion.

    Earlier it was reported that Russia stopped reducing its share in the US national debt. In June, the amount of treasury securities that Russia possessed amounted to $ 14.9 billion - the same as in May.
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    Post  Austin on Sat Aug 18, 2018 8:30 am

    Russia's external debt fell to a minimum in July from the end of 2012

    The external debt of Russia in July 2018 decreased by $ 3.629 billion, or 7.1%, to $ 47.332 billion, according to the information published by the Ministry of Finance on the structure of the state external debt. The decline in state debt in July was due to the repayment of 20-year Eurobonds for $ 3.466 billion issued on July 24, 1998, the rate on them was 11% per annum.

    In circulation there was one more issue of 1998 - placed on June 24, with a volume of $ 2.5 billion with a rate of 12.75%.

    The current level of the external public debt of the Russian Federation is the lowest since the end of 2012 (as of December 1, 2012 - $ 40.873 billion, as of January 1, 2013, $ 50.769 billion), Interfax reported. In December 2012, as part of the external debt, arrears on state guarantees in foreign currency increased 11-fold to $ 11.390 billion. As of August 1, it was $ 10.493 billion.

    Earlier it was reported that Russia stopped reducing its share in the US national debt. In June, the amount of treasury securities that Russia possessed amounted to $ 14.9 billion - the same as in May.
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    Post  Austin on Sat Aug 18, 2018 10:18 am

    Check the pics in the link , hard to believe 1998 was this bad

    https://www.vedomosti.ru/lifestyle/galleries/2018/08/17/778457-ocheredi-1998-goda-kuda-stoyali-rossiyane


    I read during 1998 and year preceding it , The Short Term Debt government offered for 1 year earned a yeald of almost 40 %
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    Post  GunshipDemocracy on Sun Aug 19, 2018 2:05 am

    Austin wrote:Check the pics in the link , hard to believe 1998 was this bad

    https://www.vedomosti.ru/lifestyle/galleries/2018/08/17/778457-ocheredi-1998-goda-kuda-stoyali-rossiyane


    I read during 1998 and year preceding it , The Short Term Debt government offered for 1 year earned a yeald of almost 40 %

    Russia was clinically dead at that moment. Mind Chechen wars and Army demoralized, underfunded. No central power, thieves oligarchs. Then Putin comes to scene... and 20years later Soros stated: everything what could go wrong went wrong lol1 lol1 lol1







    Correction Mike Smile

    miketheterrible wrote:I think Abromovich fled the country cause he was worried his Jewish Shekels  stolen Rubles were going to vanish.

    besides then he was Russian  lol1  lol1  lol1
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    Post  miketheterrible on Sun Aug 19, 2018 10:11 am

    Pretty much. I would freeze all of his assets in Russia if I was Rus gov.
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    Post  Austin on Mon Aug 20, 2018 11:44 am

    Sergei Glazyev: Russia can easily do without SWIFT
    ...
    Источник: https://politexpert.net/117591-sergei-glazev-rossiya-mozhet-legko-obkhoditsya-bez-swift?utm_source=finobzor.ru

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    Post  GunshipDemocracy on Mon Aug 20, 2018 2:35 pm

    miketheterrible wrote:Pretty much.  I would freeze all of his assets in Russia if I was Rus gov.

    They did - its called now Gazprom  lol1 lol1 lol1



    Sounds good no US/NATO fleeds in Transsib route Smile

    Media: Japan wants to deliver cargo via Transsib


    It is expected that in the trial deliveries will be from five to ten companies, mostly Japanese. During the experiment, the price and time of delivery, the procedure for customs clearance and other factors that can affect the quality and final cost of the goods transported will be determined.

    Now the goods between Japan and Russia are delivered basically either by air or by sea. According to the Japanese Ministry of Transport, the transportation time by sea is 53 to 62 days. Aircraft delivery occurs many times faster, but is still highly expensive.

    According to experts, transportation of goods along the Trans-Siberian Railway will allow reducing company expenses to 40 percent, and the delivery time will be about 20-27 days.

    https://ria.ru/economy/20180819/1526803230.html






    Rostekh confirmed that UAC will be included in the state corporation


    https://ria.ru/economy/20180820/1526862942.html
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    Post  william.boutros on Mon Aug 20, 2018 3:52 pm

    GunshipDemocracy wrote:
    miketheterrible wrote:Pretty much.  I would freeze all of his assets in Russia if I was Rus gov.

    They did - its called now Gazprom  lol1 lol1 lol1



    Sounds good no US/NATO fleeds in Transsib route Smile

    Media: Japan wants to deliver cargo via Transsib




    It is expected that in the trial deliveries will be from five to ten companies, mostly Japanese. During the experiment, the price and time of delivery, the procedure for customs clearance and other factors that can affect the quality and final cost of the goods transported will be determined.

    Now the goods between Japan and Russia are delivered basically either by air or by sea. According to the Japanese Ministry of Transport, the transportation time by sea is 53 to 62 days. Aircraft delivery occurs many times faster, but is still highly expensive.

    According to experts, transportation of goods along the Trans-Siberian Railway will allow reducing company expenses to 40 percent, and the delivery time will be about 20-27 days.

    https://ria.ru/economy/20180819/1526803230.html






    Rostekh confirmed that UAC will be included in the state corporation




    https://ria.ru/economy/20180820/1526862942.html

    Russian development of its rail links and optimization of transport costs is a major geopolitical gain. Imagine the economical and political impact of a large portion of world's trade passing through Russian territory.


    Last edited by william.boutros on Mon Aug 20, 2018 5:31 pm; edited 1 time in total
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    Post  GunshipDemocracy on Mon Aug 20, 2018 4:33 pm

    william.boutros wrote:
    GunshipDemocracy wrote:

    Media: Japan wants to deliver cargo via Transsib



    Russian development of its rail link and optimization of transport costs is a major geopolitical gain. Imagine the economical and political impact of a large portion of world's trade passing through Russian territory.

    Me thinks it too. One can imagine Chinese, Japanese and Korean goodies go to Europe and European back to Asia. With time who knows hopefully Indian too. Dont forget about norther route. Let me guess. US/NATO want to have "freedom of navigation" in Russian Arctic but not for Alaska or Gulf of Mexico lol1 lol1 lol1
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    Post  william.boutros on Mon Aug 20, 2018 5:29 pm

    GunshipDemocracy wrote:
    Me thinks it too. One can imagine Chinese, Japanese and  Korean goodies go to  Europe and European back to Asia. With time who knows hopefully Indian too. Dont forget about norther route. Let me guess. US/NATO want to have "freedom of navigation" in Russian Arctic but not for Alaska or Gulf of Mexico lol1 lol1 lol1

    In order for that to work Russia also needs to be pragmatic in its relation with neighboring states by improving ties with Japan, help in sponsoring a North-South Korea agreement to the benefit of the Russian Economy (rail and gas pipelines) and find some common ground with central Europe.

    Also Russia should actively hinder the establishment of historically alternate routes cease participation in anti piracy operations that do not serve its interests.
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    Post  GunshipDemocracy on Mon Aug 20, 2018 8:07 pm

    william.boutros wrote:
    GunshipDemocracy wrote:
    Me thinks it too. One can imagine Chinese, Japanese and  Korean goodies go to  Europe and European back to Asia. With time who knows hopefully Indian too. Dont forget about norther route. Let me guess. US/NATO want to have "freedom of navigation" in Russian Arctic but not for Alaska or Gulf of Mexico lol1 lol1 lol1

    In order for that to work Russia also needs to be pragmatic in its relation with neighboring states by improving ties with Japan, help in sponsoring a North-South Korea agreement to the benefit of the Russian Economy (rail and gas pipelines) and find some common ground with central Europe.

    Also Russia should actively hinder the establishment of historically alternate routes cease participation in anti piracy operations that do not serve its interests.

    Im not sure about piracy as nobody besides US / UK is interested in this but improving ties with Japan / Korea is ongoing for some time. I do hope North Korea will be somehow "under Russian" umbrella in some time Smile



    Analysts predicted Russia's profit from grain exports of $ 9-10 billion

    https://iz.ru/779564/2018-08-20/analitiki-predskazali-pribyl-rf-ot-eksporta-zerna-v-razmere-9-10-mlrd
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    Post  william.boutros on Mon Aug 20, 2018 11:09 pm

    GunshipDemocracy wrote:


    Analysts predicted Russia's profit from grain exports of $ 9-10 billion


    https://iz.ru/779564/2018-08-20/analitiki-predskazali-pribyl-rf-ot-eksporta-zerna-v-razmere-9-10-mlrd


    As it stand Russia has little leverage over North Korea. Trading through North Korea would tie the 2 countries to the Russia. It needs to be aggressive and multi vectored in engaging with the east.
    Simultaneously Russia needs to find itself multiple corridors to Europe.
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    Post  Austin on Tue Aug 21, 2018 6:42 pm

    Manturov: US electronics will be replaced by ours and Asian developments

    https://rg.ru/2018/08/21/manturov-elektroniku-iz-ssha-zameniat-nashi-i-aziatskie-razrabotki.html
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    Post  Nibiru on Tue Aug 21, 2018 6:44 pm

    US is ratcheting up its economic war against Russia, its a good thing Russia dumped most of its US debt holdings before their Amiland "Partners" could freeze them

    Russian-owned assets in the United States worth hundreds of millions of dollars have been frozen as part of Washington’s sanctions campaign against Moscow since 2013, said US Deputy Secretary of the Treasury Sigal Mandelker.

    “The actions of the US Treasury have had significant consequences for the financial interests of individuals and businesses that were affected, including the blocking of hundreds of millions of dollars of Russian assets in the United States,” Mandelker said on Tuesday.

    Mandelker, who is responsible for sanctions by the US Treasury, added that “Russia is taking note of these impacts."

    Foreign direct investment into Russia has fallen five percent since 2013, with direct investment from the US falling 80 percent, according to her statement.

    Mandelker is expected to tell Congress later on Tuesday that while Russia's “malign activities” continue, Moscow’s “adventurism” has been checked by the knowledge that the US can bring more economic pain through additional sanctions.

    The Trump administration has sanctioned 217 Russian-related individuals and entities, including oil company Surgutneftegaz and power company EuroSibEnergo, since January 2017. Targets include heads of major state-owned banks and energy firms, and some of President Putin's closest associates.

    "As companies across the globe work to distance themselves from sanctioned Russian persons, our actions are imposing an unprecedented level of financial pressure on those supporting the Kremlin's malign agenda and on key sectors of the Russian economy," Mandelker said in the prepared remarks.

    Moscow has repeatedly said that introduction of sanctions by Washington is counterproductive, with the Russian Foreign Ministry calling them illegitimate and useless.

    https://www.rt.com/business/436486-washington-freezes-russian-assets-us/
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    Post  GunshipDemocracy on Tue Aug 21, 2018 7:47 pm

    Well actually this was a good news !!! thumbsup thumbsup thumbsup

    Money blocked belonged not to Russia but Deripaska && Vekselberg. They didnt listen to Putin and lost it.



    Looks like second offer form Russia will be much less appealing but otherwise all oligarchs loose their money lol1 lol1 lol1

    [h3]Businessmen from the "Titov list" did not send a letter to the president

    Earlier, the RBC newspaper reported that eight entrepreneurs from the "London list" asked Vladimir Putin to guarantee that, upon their return to Russia, they would not be sent to the pre-trial detention center

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5475738





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    Post  GarryB on Thu Aug 23, 2018 2:34 am

    Russian development of its rail link and optimization of transport costs is a major geopolitical gain. Imagine the economical and political impact of a large portion of world's trade passing through Russian territory.

    The fundamental problem however is that the EU is mad... well parts are anyway... It is prepared to sabotage the piping of energy from Russia, to support the fiercely anti Russian Ukrainians....

    Their attempts included legislation that prohibits the ownership of pipelines and the gas travelling down that pipeline as being a monopoly... what similar laws will they formulate regarding rail and shipping transport across Russia to Asia?

    Remember they are idiots.

    What Russia needs to do is ensure that it maximises its benefits from trade through its waters and across its land.
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    Post  Big_Gazza on Thu Aug 23, 2018 11:25 am

    GarryB wrote:
    Their attempts included legislation that prohibits the ownership of pipelines and the gas travelling down that pipeline as being a monopoly...

    Except it seems for the Turkmen pipeline that is planned to cross the Caspian, now much more likely to see reality due to the recent Caspian treaty. The Euro-peons have stated, unlike any Russian pipeline, it will be exempt from the 3rd Energy Package requirements... amazing... the double standards are simply breathtaking. Suspect
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    Post  GunshipDemocracy on Thu Aug 23, 2018 1:59 pm

    GarryB wrote:

    The fundamental problem however is that the EU is mad... well parts are anyway... It is prepared to sabotage the piping of energy from Russia, to support the fiercely anti Russian Ukrainians....



    it's other way around. Naziz in Ukraine were bred to be anty-Russian. Not all EU is against but "globalist elites". "populist parties" (reads: those who want to listen to people ) and actually pro-Russian


    what similar laws will they formulate regarding rail and shipping transport across Russia to Asia?
    They cannot on Russian territory/economic zones.  BTW northern route with hydrocarbons can pass only Russian ships by Putin's order.





    Big_Gazza wrote:, it will be exempt from the 3rd Energy Package requirements...  amazing...  the double standards are simply breathtaking. Suspect

    in short EU doublethink
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    Post  Firebird on Thu Aug 23, 2018 5:58 pm

    GunshipDemocracy wrote:Well actually this was a good news !!! thumbsup thumbsup thumbsup

    Money blocked belonged not to Russia but Deripaska && Vekselberg. They didnt listen to Putin and lost it.



    Looks like second offer form Russia will be much less appealing but otherwise all oligarchs loose their money  lol1  lol1  lol1

    [h3]Businessmen from the "Titov list" did not send a letter to the president

    Earlier, the RBC newspaper reported that eight entrepreneurs from the "London list" asked Vladimir Putin to guarantee that, upon their return to Russia, they would not be sent to the pre-trial detention center

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5475738






    We don't know the facts. But its hardly good news. America can't win a military or even a political war vs Russia, so its now attempting an economic one. Russia's "crime"? Standing up for whats right and not being America's bitch.

    America makes the rules up as it goes along. And is the biggest hypocrite in the human history.

    If these oligarchs did steal money, they very likely stole it from Russians and not Americans. So it should be returned to Russians. Not devoured by the Gangster State of America.

    I hope Russia gives America a very nasty bloody nose over all this.
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    Post  miketheterrible on Thu Aug 23, 2018 6:42 pm

    Switzerland froze assets of $5B of Russian oligarches money.

    It comes down to the fact that these oligarches are hiding their money. They are doing Russia a long time favor of forcing these oligarches to either move their money back to Russia or just outright flee and let others make money internally.

    This also destroys the image of foreign banking nations and their only economic structure.

    This also makes these banks now in debt to the oligarches as they now owe them the money back eventually.

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