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    Russian Economy General News: #9

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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Wed Oct 03, 2018 7:32 pm

    interesting news and important

    https://www.dailysabah.com/business/2018/10/02/turkey-to-use-national-currency-for-wheat-imports-from-russia

    Turkey will be purchasing wheat imports from Russia in Rubles.
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Wed Oct 03, 2018 10:07 pm

    My crystal ball tells me: more sanctions are coming! Very Happy
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Wed Oct 03, 2018 11:57 pm

    Hole wrote:My crystal ball tells me: more sanctions are coming! Very Happy

    my balls tell me the same lol1 lol1 lol1


    Hungary demanded from the European Union not to interfere with its receipt of Russian gas

    MOSCOW, October 3 - RIA News. Hungary advocates that the European Union does not prevent Central Europe from receiving Russian gas via the Turkish Stream, said Foreign Minister Peter Siyarto at a press conference

    РИА Новости https://ria.ru/economy/20181003/1529920350.html



    Kurtz has announced North Stream - 2 support in Europe

    St-PETERSBURG, Oct 3 - RIA Novosti. European states support the Nord Stream-2 gas pipeline project, while the interests of Ukraine should be respected during its implementation, said Austrian Chancellor Sebastian Kurz on Wednesday.
    https://ria.ru/economy/20181003/1529932002.html


    i wish it was in my country but...


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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Fri Oct 05, 2018 6:03 pm

    Iran wants to increase share of transactions in national currencies with Russia
    https://vestnikkavkaza.net/news/Iran-wants-to-increase-share-of-transactions-in-national-currencies-with-Russia.html
    Iran expects to increase the share of transactions in national currencies in trade with Russia, Iranian Central Bank Governor Abdolnaser Hemmati said following his visit to Russia.

    According to him, following the meeting with Russian Central Bank Governor Elvira Nabiullina, "a good agreement on removing the dollar and using national currencies in transactions" have been reached.

    "Nearly 30% of transactions between Iran and Russia are made in national currencies. Hopefully [this figure] will grow every day," Sputnik cited Hemmati as saying.

    The CBI governor added that new US sanctions will not have a major effect on Iran's financial and oil activity. "The US government has already done what it wanted. The main work related to the imposition of restrictions, what they do every day, is to hinder Iran’s financial activities and the exports of Iranian oil. In my opinion, after November 6-9, nothing special will happen," Hemmati said.

    SOCAR Polymer fully uses Gazprombank loan
    https://vestnikkavkaza.net/news/SOCAR-Polymer-fully-uses-Gazprombank-loan.html
    Director General of SOCAR Polymer LLC Farid Jafarov said that the company has fully used the loan provided by Russia's Gazprombank.

    In June 2015, the Azerbaijani state-owned company SOCAR and the Gazprombank signed an agreement on financing the construction of polypropylene and high-density polyethylene plants under the brand name of SOCAR Polymer in Azerbaijan.

    According to the agreement, the investment committee of Gazprombank approved a loan for SOCAR Polymer company in the amount of $489 million with a maturity of 10 years.

    The SOCAR Polymer project is implemented in Sumgait Chemical Industrial Park. At the first stage, SOCAR Polymer’s production capacity will be 120,000 tons of polyethylene and 180,000 tons of polypropylene. By 2021, the total capacity can reach 570,000 tons of products.

    The plant will produce 19 types of products from polypropylene and 12 types of products from high density polyethylene. The products will be used, in particular, in the food and medical industries, as well as in agriculture and car manufacturing, Trend reported.

    Russia's actions to reduce dependence on dollar
    https://vestnikkavkaza.net/news/Russia-s-actions-to-reduce-dependence-on-dollar.html
    Russian Finance Minister Anton Siluanov detailed the actions taken by the government to reduce Russian economy's dependence on the dollar.

    Siluanov noted that European companies are considering the idea of abandoning the dollar in transactions with Russia, switch to the euro is a natural consequence of the US policy.

    "This is something that is decided by two sides, so we will now work with our partners. I think they are interested now too. As you know, there were reports about the initiative to create a euro-SWIFT payment system which will be used exclusively among European banks, European financial institutions for trade in oil, oil products and other commodities. I think the Europeans are already thinking about this. We are ready to join such initiatives," Siluanov said.

    "That’s why it seems to me that this would be a way-out and response to these restrictions the U.S. is imposing on companies and financial institutions, using dollars for settlements," the First Vice Prime Minister explained.

    The minister added that the Finance Ministry and the Central Bank were pursuing quite a moderate policy at the currency market. "In general, there is an understanding of how we should react to the emerging situation. I hope that the government's and the Central Bank's actions will promote the stability of the exchange rate," Siluanov told the Rossiya 24 broadcaster .

    According to him, the Russian national currency had a sufficient safety margin, although the volatility at the finance markets was possible in the short term due to sanctions.

    Siluanov said yesterday that the plan on de-dollarization of the Russian economy had already been prepared and submitted to the government.

    The professor at the department of the stock market and investments at the Higher School of Economics, Alexander Abramov, speaking with Vestnik Kavkaza, noted that Russia is ready to reduce the economy’s dependence on the dollar, since much has changed since the 90s. "People started to believe in the ruble. Now the ruble can be scolded for various devaluations, but, nevertheless, the population prefers to pay and save in rubles. What is important, it was achieved not by some administrative measures, but by improving confidence in the ruble by maintaining its stability," he said in the first place.

    "Also, in my opinion, it is important that the foreign exchange market has been liberalized. Today, the citizens can easily buy and sell dollars, keep savings in it. And the authorities constantly emphasize that reducing dependence on the dollar will not affect ordinary citizens. This is also a very big economic achievement of our country. There are no serious restrictions for the dollar use, and the citizens have the right to decide in what currency to hold their money," Alexander Abramov stressed.

    Professor of the RANEPA faculty of Finance, Money Circulation and Credit, Yuri Yudenkov, earlier supported the government's decision to refute rumors about a possible ban on dollar use. "The population should clearly understand that we have enough cash in dollars in the country now, and there should be no panic. The banks will pay all obligations and the Central Bank will help them in cash. As for the calculations, since there is a threat of blocking accounts of our leading banks, they need to take all possible actions," he warned, adding that the dollar can’t be replaced while trading with the United States.
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    Re: Russian Economy General News: #9

    Post  Hole on Fri Oct 05, 2018 10:16 pm

    The trade with Amiland is 20 Billion a year. And most of it goes from Russia to Amiland, so the Dollar is going to Russia.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 5:39 am

    Bloomberg: Russia's love for chocolate threatens with cocoa shortage in the world

    https://ria.ru/economy/20181005/1530104172.html



    Tronald Dump should now twit to Russians to stop buying chocolate so US clients have cheaper products lol1 lol1 lol1



    Hole wrote:The trade with Amiland is 20 Billion a year. And most of it goes from Russia to Amiland, so the Dollar is going to Russia.

    As long as Russia has debts in $ this is needed.
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    Re: Russian Economy General News: #9

    Post  Hole on Sat Oct 06, 2018 10:27 am

    the mid-terms are coming fast and the price of chocolate is nearly as important as that of gasoline. Very Happy
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 06, 2018 10:42 am

    this opens up new opportunities.

    We may see the rise of major Russian chocolate empires, much like Roshen was for Ukraine till Porkyshenko ended up as president and his chocolate business is doing bad (and funny enough, relies on Russian market).

    We may see Russian companies owning cocoa plantations in various African and South American (good opportunity for Venezuela imo) and major Russian chocolate businesses owning such fields. Maybe even looking to find ways to grow it in Russia - like indoor cocoa fields (they already have football stadium sized fields of indoor agriculture in Russia as is). Can you imagine? Sale of Russian grown organic cocoa? It would open a multi million dollar (or possibly billion dollar) industry right there.

    And here, I kept telling my friend from South Sudan that we need to really invest in the agricultural sector of South Sudan especially since Cocoa grows on its own over there. We could be making a killing.
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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 06, 2018 10:45 am

    Russia (the gas station) began exporting solar panels to Europe
    https://sdelanounas.ru/blogs/112719/
    MOSCOW, October 5. /TASS/. Russia has begun to export solar panels, manufactured at domestic enterprises, the first deliveries made in Europe. The journalists said the first Deputy Minister of energy of the Russian Federation.

    "Exports have already begun, with the Novocheboksarsk plant in particular. In Europe. There is a small amount," he said.

    Russia will build in India six new nuclear units
    https://sdelanounas.ru/blogs/112721/
    "Rosatom" signed the contract on construction of six new nuclear units of Russian design in India. The document was signed on the sidelines of the 19th the Russian-Indian summit in new Delhi October 5, reported the company.

    The nuclear units will be built on a new site. Russia will offer reference to the evolutionary design of the power unit with VVER-1200 reactor of generation 3+, which is 20% higher power. Such units now are being built in the USA, France and other countries. The world's first nuclear unit of the latest generation, which not only built, but also came to a physical start, became the sixth power unit of Novovoronezh NPP.

    "We are pleased with our strategic cooperation with India, which is currently under construction units of NPP "Kudankulam" on the Russian design. We expect to receive in the near future order to the same serial structure of our units on a new site in the territory of India", — said General Director of Rosatom Alexey Likhachev.

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    GarryB

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    Re: Russian Economy General News: #9

    Post  GarryB on Sat Oct 06, 2018 12:26 pm

    Holy Shit... did you read that article on chocolate?

    To quote:

    Most chocolate in the world based on one person eat the people of Switzerland, Austria and Germany — 8.6 kgs, eight and 7.7, respectively. Russia confidently holds the second place after the Western Europe index of 4.8 pounds per person per year. While the rest of the world the average consumer eats less than a kilogram of chocolate for the same period.

    So the Swiss eat 8.6kgs per person per year, Austrians eat 8kgs per person per year, and Germany eats 7.7kgs per person per year, but Russia is in SECOND PLACE at 4.8 pounds?

    First of all WTF is the bullshit with changing to pounds for the Russians... there are 2.2 pounds to a kg so it should not be 4.8 pounds... it should be 2.1kgs per person per year for Russia...

    But lets not blame the Swiss or the Austrians or the Germans for eating 3-4 times more chocolate per person per year than the Russians... obviously the fault is in Russia... Rolling Eyes
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 1:44 pm

    GarryB wrote:But lets not blame the Swiss or the Austrians or the Germans for eating 3-4 times more chocolate per person per year than the Russians... obviously the fault is in Russia...  Rolling Eyes

    No,not so much Russians but Putin personally, when has a moment of break between meddling into democracy and poisoning useless traitor agents (actually he failed as only hamster was dead)

    Hmm German,Swiss chocolates? yummy not to compare with GB ( i Mean uk ones ;-) and Austrian? check Mozartkugeln from Furst in Saltzburg. With blue print.

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 1:52 pm

    miketheterrible wrote:Russia (the gas station) began exporting solar panels to Europe

    actually not much changed. Since now electrical cars are in Eu im fashion and you pump now electrical energy as fuel... lol1 lol1 lol1






    Russia will build in India six new nuclear units

    Thas's good for both economies (especially that 4 frigates and S-400) come along. But many forget here: Indians made strong move to challenge the great hegemon (or satan as Iranians prefer ;-)))

    With my fingers crossed for Indians thumbsup thumbsup thumbsup
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 1:58 pm

    Actually Shoigu is right, yu want to move people there - create jobs, incentives infrastructure. They come in numbers. At least those most active and with entrepreneurial spirit.


    Shoigu proposed the creation of a financial and industrial "capital" in Siberia


    MOSCOW, October 4 - RIA News. A major financial and industrial center must be created in Siberia, said Sergei Shoigu, the minister of defense and president of the Russian Geographical Society, in an interview with Unknown Siberia magazine .

    According to him, such a "kind of capital" will help the development of the Siberian and Far Eastern regions.
    Shoigu told how Siberia and the Far East were developed in tsarist and Soviet times.

    So, at first, they tried to change the demographic situation in Siberia by resettling the inhabitants of the European part of Russia to the Urals.

    “The immigrants received impressive loans and the right to preferential travel were exempted from part of the taxes. In addition to land allotment, families were provided with one more fodder cattle - I mean a horse and a cow,” Shoigu reminded and added that people were also attracted construction of the Trans-Siberian Railway and the Chinese Eastern Railway.

    All this gave good results - almost five million people then migrated to Siberia, the minister noted.
    According to Shoigu, in the Soviet years, the region developed "mainly due to the thousands of prisoners who built Norilsk, Dudinka, Komsomolsk-on-Amur, mastered Kamchatka, erected ports."

    During World War II, enterprises were evacuated to Siberia, the minister continued. Then the time of Komsomol construction projects came: the Krasnoyarsk Aluminum Plant, the Krasnoyarsk, Bratsk and Sayano-Shushenskaya power stations appeared, the Baikal-Amur Main Line was laid, he listed.

    In his opinion, the development policy of Siberia and the Far East should be continued.
    "And how can you attract people here? First of all, the living conditions. I think there is no other way," he concluded.

    Earlier, a similar initiative was made by Vladimir Putin. He said that the Far East will receive the role of the locomotive of the economy. In addition, Russia will develop a national program for the development of the region.

    https://ria.ru/economy/20181004/1529939584.html




    miketheterrible wrote:
    And here, I kept telling my friend from South Sudan that we need to really invest in the agricultural sector of South Sudan especially since Cocoa grows on its own over there.  We could be making a killing.

    It always good to think about investment, however you need also to take into consideration a political stability (i.e. to what degree west is meddling there) , who is gonna to buy cocoa? US trader paying you 1 $ for manday? Perhaps some at last "fair traders" can be there.
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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 06, 2018 2:05 pm

    GunshipDemocracy wrote:Actually Shoigu is right, yu want to move people there - create jobs, incentives infrastructure. They come in numbers. At least those most active and with entrepreneurial spirit.


    Shoigu proposed the creation of a financial and industrial "capital" in Siberia




    MOSCOW, October 4 - RIA News. A major financial and industrial center must be created in Siberia, said Sergei Shoigu, the minister of defense and president of the Russian Geographical Society, in an interview with Unknown Siberia magazine .

    According to him, such a "kind of capital" will help the development of the Siberian and Far Eastern regions.
    Shoigu told how Siberia and the Far East were developed in tsarist and Soviet times.

    So, at first, they tried to change the demographic situation in Siberia by resettling the inhabitants of the European part of Russia to the Urals.

    “The immigrants received impressive loans and the right to preferential travel were exempted from part of the taxes. In addition to land allotment, families were provided with one more fodder cattle - I mean a horse and a cow,” Shoigu reminded and added that people were also attracted construction of the Trans-Siberian Railway and the Chinese Eastern Railway.

    All this gave good results - almost five million people then migrated to Siberia, the minister noted.
    According to Shoigu, in the Soviet years, the region developed "mainly due to the thousands of prisoners who built Norilsk, Dudinka, Komsomolsk-on-Amur, mastered Kamchatka, erected ports."

    During World War II, enterprises were evacuated to Siberia, the minister continued. Then the time of Komsomol construction projects came: the Krasnoyarsk Aluminum Plant, the Krasnoyarsk, Bratsk and Sayano-Shushenskaya power stations appeared, the Baikal-Amur Main Line was laid, he listed.

    In his opinion, the development policy of Siberia and the Far East should be continued.
    "And how can you attract people here? First of all, the living conditions. I think there is no other way," he concluded.

    Earlier, a similar initiative was made by Vladimir Putin. He said that the Far East will receive the role of the locomotive of the economy. In addition, Russia will develop a national program for the development of the region.

    https://ria.ru/economy/20181004/1529939584.html




    miketheterrible wrote:
    And here, I kept telling my friend from South Sudan that we need to really invest in the agricultural sector of South Sudan especially since Cocoa grows on its own over there.  We could be making a killing.

    It always good to think about investment, however you need also to take into consideration a political stability (i.e. to what degree west is meddling there) , who is gonna to buy cocoa? US trader paying you 1  $ for manday? Perhaps some at last "fair traders" can be there.

    I was thinking of not only having us allocate his current land to grow the cocoa, but also open up a facility to clean and package them and sell it as a cocoa brand.  Actually, just selling it locally in Africa it would do well.  And China has a lot of economic influence and development going on in south Sudan currently.

    On another note, mentioning about Siberia and drive for investment - it was proposed for years to make Krasnoyarsk the main site of such a drive, and I fully support that idea.  I think that is essentially what will happen. Good comment though - that the development of far east is all words though. Because of the price of flights.

    They really need to greatly reduce the cost of flying through Siberia regions. As well, open up a proper railway from west to east.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 2:37 pm

    miketheterrible wrote:I was thinking of not only having us allocate his current land to grow the cocoa, but also open up a facility to clean and package them and sell it as a cocoa brand.  Actually, just selling it locally in Africa it would do well.  And China has a lot of economic influence and development going on in south Sudan currently.

    well only young and energetic people can do it. You have a chance thumbsup thumbsup thumbsup I see biggest challenge ere not that you can deliver a good product but who and where is going to buy. PErhaps it is easier start with reselling cocoa from small farmers? once you got links, reputation and money then invest in production?




    On another note, mentioning about Siberia and drive for investment - it was proposed for years to make Krasnoyarsk the main site of such a drive, and I fully support that idea.  I think that is essentially what will happen.  Good comment though - that the development of far east is all words though.  Because of the price of flights.

    They really need to greatly reduce the cost of flying through Siberia regions.  As well, open up a proper railway from west to east.

    I think that its happening now anyway. The question is how good or/and how fast it can be done? Methinks that better is to move "economic capital" (let's say large industrial-financial center )closer to Vladivostok.

    Another challenge is where to get those millions people from?
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    Re: Russian Economy General News: #9

    Post  Hole on Sat Oct 06, 2018 4:35 pm

    Well, first of all some people must have the will to go to Siberia and the Pacific regions auf Russia. For the time being Moscow and St. Pete are to attractive to go to. But this can change quickly, just a few years ago no one in Russia wanted to be a farmer and now there are more and more people that go into that business.
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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 06, 2018 4:53 pm

    Another from funnies column for the weekend lads,

    I have a question to prince: Saudi nowadays Saudi fields will belong whom in 20years? Houties? Pro-Iranian militia? or just anti Saudi rebels ? vide Libya.

    BTW Saudis are nto even ot this list.
    https://en.wikipedia.org/wiki/Countries_by_tight_oil_reserves




    Saudi prince expects the complete disappearance of Russia from the oil market in 19 years


    Mohammed bin Salman Al Saud believes that by 2030 the demand for oil will increase annually by 1-1.5%


    The demand for oil until 2030 will grow at a rate of about 1-1.5% per year, the prince believes. "Some people think that after this period it will start to slow down, but we believe that many producing countries will simply disappear by this time. For example, China will fall if it doesn’t disappear, other countries will continue to disappear as producers. After 19 years Russia will lose much in production, if not completely all 10 million barrels of oil per day, "- he reasoned.

    As a result, Saudi Arabia will have to supply even more in the future. "We see no threats to Saudi Arabia in this area," the prince concluded




    Over at Reuters, John Kemp uses the data to take a look at Saudi Arabia, long thought to have a vast and seemingly endless pool of oil upon which to draw. He notes that the Saudi government suddenly upgraded its oil reserve estimates from 170 billion barrels in 1987 to 260 billion barrels in 1989. Since then, Saudi oil reserves have been unchanged for more than 25 years at 260 billion barrels. As Kemp wryly puts it, “If the government data is accurate, the kingdom has managed the remarkable feat of exactly replacing each produced barrel with new discoveries or increased estimates of the amount recoverable from existing fields.”
    +++

    Rystad estimates that the U.S. holds 264 billion barrels of oil, more than half of which is located in shale. That total exceeds the 256 billion barrels found in Russia, and the 212 billion barrels located in Saudi Arabia



    http://uk.businessinsider.com/us-has-the-worlds-largest-oil-reserves-2016-7?r=US&IR=T


    as for Russia: shale in 1 formation is bigger then whole Saudi reserves. I dont mention Arcitc region nor Kamchatka . Its all going to be matter of price to devlop tech and start exploitation. :



    The Bazhenov Formation



    Gazprom: mind 1ton = 7barrels. 400mln tons = 2,8 trillions barrels (14x Sauds reserves) . After Russia ceases to exist as oil supplier of course respekt respekt respekt

    Russia's Gazprom Neft sees Bazhenov shale oil commercial output in 2025

    Gazprom Neft, which estimates that it can potentially extract 400 million tonnes of oil equivalent (8 million barrels per day) from Bazhenov, currently produces 150 tonnes per day from the formation.
    https://www.reuters.com/article/us-pope-abuse-mccarrick/pope-orders-thorough-study-of-vatican-documents-in-mccarrick-abuse-case-idUSKCN1MG0GR





    wiki
    In 2013, RosNeft estimated recoverable reserves at 22 billion barrels [5] . According to Rosnedra in 2012, rocks can contain 180–360 billion barrels of recoverable reserves [8] . According to the US EIA data from June 2013, total reserves of about 1.2 trillion barrels of oil, of which 74 billion can be technically recoverable [9]

    https://ru.wikipedia.org/wiki/%D0%91%D0%B0%D0%B6%D0%B5%D0%BD%D0%BE%D0%B2%D1%81%D0%BA%D0%B0%D1%8F_%D1%81%D0%B2%D0%B8%D1%82%D0%B0
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sat Oct 06, 2018 5:03 pm

    I figure one way to make Siberia region attractable is the high paying jobs. Currently, since Krasnoyarsk and around are middle of the country, the most logical choice I would imagine is logistics. Products far east are more expensive than they are out west for most things other than crap imported from China and Japan, while it is vice versa in western regions. So why not make Krasnoyarsk the center of logistics? Lots of major companies could open up logistic warehouses (domestic and foreign) and they usually employ hundreds of people per facility.

    Other is that Russia still imports petrol if you believe it or not. That should be gone entirely. So they should build more refineries in Siberia region. Doing so, they can try to increase domestic production for their own needs and over time, sell that excess petrol to China/Others.

    And of course food and food processing. Siberia may get cold, but a lot of it is unused land which can still be farmed in many ways during the good seasons. And they could also dramatically increase greenhouses in order to get all year round food production going.

    And then there is the lumber industry which is also rather untapped but worth in the billions.

    There is so much potential. But it requires planning and work. While Russian government wants to do this, most do not. They rather live in western Russia.
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    Re: Russian Economy General News: #9

    Post  GarryB on Sun Oct 07, 2018 12:51 am

    yummy not to compare with GB ( i Mean uk ones ;-)

    You leave my vanilla balls out of this please....  Embarassed

    No,not so much Russians but Putin personally, when has a moment of break between meddling into democracy and poisoning useless traitor agents (actually he failed as only hamster was dead)

    I heard Skripal also had a cat that was sealed in the house and left to starve to death...

    actually not much changed. Since now electrical cars are in Eu im fashion and you pump now electrical energy as fuel...

    Actually it is rather funny in Australia electric cars are seen as clean and green, but most of their electricity generation is coal and gas fired stations, so in many ways an electric car is actually worse than a good diesel...

    Actually Shoigu is right, yu want to move people there - create jobs, incentives infrastructure. They come in numbers. At least those most active and with entrepreneurial spirit.

    Actually I seem to remember in the early 2000s a Russian politician suggested changing Russias capital every 10 years, to shift development and spending on infrastructure and communications around the country more... interesting idea to stimulate growth in different areas of the country but would be not very practical in many regards... would probably be easier just to pick a city and focus on that for 5 years and then when the 5 year plan is completed move to the next city and let that city try to continue the innovation started...

    I was thinking of not only having us allocate his current land to grow the cocoa, but also open up a facility to clean and package them and sell it as a cocoa brand.  Actually, just selling it locally in Africa it would do well.  And China has a lot of economic influence and development going on in south Sudan currently.

    That is what they need... not just the raw material supplier... they need to be in on the making of the finished product... the real issue will be marketing and distribution.

    Big western companies will try all the tricks in the book... Coca cola will make a shop stand or fridge for their products and demand you do not put competitors products on or near the display... they will offer product discounts if you comply which means more profit for you...

    There is so much potential. But it requires planning and work. While Russian government wants to do this, most do not. They rather live in western Russia.

    Well another factor is that they are starting up a main shipping route through there, and will likely expand their rail network too... the rail network really opened up the US, and it could do the same in Russia, with a much more extensive network to be built to cope with rail traffic from south korea going up through north korea and through Russia to europe... but also japanese freight going to Vladivostok or one of the Koreas on the same line... not to mention shipping over the polar area to europe pumping new life into northern ports along the route offering a place to stop.

    High wages will help, but comfort and a good lifestyle would also be of benefit too.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sun Oct 07, 2018 4:49 pm

    The Spectator Index


    @spectatorindex
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    GDP (PPP) per capita growth since 1998.

    Russia: 216%
    Poland: 203%
    Ireland: 201%
    Turkey: 173%
    Hungary: 141%
    Sweden: 104%
    Finland: 90%
    Germany: 90%
    Netherlands: 88%
    Spain: 87%
    UK: 87%
    Belgium: 80%
    Switzerland: 74%
    France: 74%
    Portugal: 70%
    Norway: 67%
    Greece: 58%
    Italy: 49%

    https://twitter.com/spectatorindex/status/1048943538149285888

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sun Oct 07, 2018 4:56 pm

    West Attacks Russia with Piketty's Overblown Claims About 'Oligarch' Wealth

    https://russia-insider.com/en/business/west-attacks-russia-pikettys-overblown-claims-about-oligarch-wealth/ri24927
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Sun Oct 07, 2018 8:07 pm

    The proposed railway project (well, signed anyway so not really proposed but in motion), what does it entail exactly? Is it the expansion of the current railway line going through Siberia?
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon Oct 08, 2018 12:34 am

    Austin wrote:West Attacks Russia with Piketty's Overblown Claims About 'Oligarch' Wealth

    https://russia-insider.com/en/business/west-attacks-russia-pikettys-overblown-claims-about-oligarch-wealth/ri24927

    meh Putin's propaganda  lol! lol! lol!




    miketheterrible wrote:The proposed railway project (well, signed anyway so not really proposed but in motion), what does it entail exactly?  Is it the expansion of the current railway line going through Siberia?


    Which one? there are to major. Vladivostok/European part till EU. With branching in China and Yamal- Caspian AFAIK.

    Eastern direction has two major: BAM && Transsib. Both are 2 lines AFAIK. Both are being modernized to have even higher throughput. (BBAM 50mlns? and Transsib 100mln tons /year?)


    Last edited by GunshipDemocracy on Mon Oct 08, 2018 12:44 am; edited 1 time in total
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    Neutrality

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    Re: Russian Economy General News: #9

    Post  Neutrality on Mon Oct 08, 2018 12:43 am

    miketheterrible wrote:The proposed railway project (well, signed anyway so not really proposed but in motion), what does it entail exactly?  Is it the expansion of the current railway line going through Siberia?

    Which one exactly? The highspeed railway from Moscow to Kazan?
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Mon Oct 08, 2018 2:18 pm

    Didn't even realize two projects are involved in it.

    Any more details to both?

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    Re: Russian Economy General News: #9

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