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    Russian Economy General News: #9

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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon Oct 08, 2018 3:53 pm

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

    Any more details to both?
    Two you mean expanding throughput or Siberian direction? BAM and Transsib are already existing more than 100 years. Not they should carry more bot form China to EU. AFAIK wide gauge for railroad will end in Vienna.

    The other project I'll search more but for now: this is actually old Stalins idea... but as we all know his ideas were so bad that Soviet Union became superpower ;-) After hid death in 53 project was dropped..

    Now there is another take but wih Gas industry, Norther Route in North and Iran/India in south.
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Mon Oct 08, 2018 4:04 pm

    It's these projects that will boost Russias economy the most, next to also increase the population in central Russia.

    They need a massive logistics hub. I still support idea it be Krasnoyarsk due to its location and fact its still large populated city. That in turn will make it a very big economic power house of Siberia.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon Oct 08, 2018 7:21 pm

    miketheterrible wrote:It's these projects that will boost Russia's economy the most, next to also increase the population in central Russia.

    They need a massive logistics hub.  I still support idea it be Krasnoyarsk due to its location and fact its still large populated city.  That in turn will make it a very big economic power house of Siberia.

    Still? population is growing and reached around 1 mln now ;-). As for general population growth, not only in Siberia. I dont think that without relatively massive population influx anything drastically changes.



    Large Russian projects (planned)

    In Russian but in era of yandex perevod welcome welcome welcome

    https://ruxpert.ru/%D0%9A%D1%80%D1%83%D0%BF%D0%BD%D1%8B%D0%B5_%D1%80%D0%BE%D1%81%D1%81%D0%B8%D0%B9%D1%81%D0%BA%D0%B8%D0%B5_%D0%BF%D1%80%D0%BE%D0%B5%D0%BA%D1%82%D1%8B_(%D0%BF%D0%BB%D0%B0%D0%BD%D0%B8%D1%80%D1%83%D0%B5%D0%BC%D1%8B%D0%B5)
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Mon Oct 08, 2018 10:06 pm

    Wiki:

    Planned Projects

    In March 2016, RZD approved an updated version of high-speed rail development program until 2030. The 5 trillion ruble program includes the construction of Moscow–Kazan–Yekaterinburg, Moscow–Adler and Moscow–St. Petersburg high-speed lines, as well as other high-speed lines connecting regional cities.

    The construction program is divided into three stages. Until 2020 Russian Railways plans to put into operation the high-speed rail sections linking Moscow–Kazan (1.2 trillion rubles), Moscow–Tula (268.6 billion rubles), Chelyabinsk–Yekaterinburg (122.6 billion rubles), Tula–Belgorod (86.8 billion rubles rubles), Yekaterinburg–Nizhny Tagil (12.9 billion rubles) and Novosibirsk–Barnaul (62.3 billion rubles). The project design of the largest container port in Ust-Luga for reception and distribution of containerized freight on China–Europe route is also part of the program.

    Between 2021-2025 RZD plans to build Rostov–Krasnodar–Adler, Tula–Voronezh high-speed rail and the extension of Kazan-Yelabuga high-speed rail, as well as other regional high-speed rail links.

    During the 2026-2030 third phase of the program Russian Railways will build Moscow–St. Petersburg high-speed rail section, the railway line will be extended from Yelabuga to Yekaterinburg, and from Voronezh to Rostov-on-Don.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Tue Oct 09, 2018 2:37 pm

    Russia-2024: Strategy for Socio-Economic Development
    Prime Minister Dmitry Medvedev on the formation of a new growth model

    https://rg.ru/2018/10/09/premer-ministr-dmitrij-medvedev-o-formirovanii-novoj-modeli-rosta.html
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    flamming_python

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    Re: Russian Economy General News: #9

    Post  flamming_python on Wed Oct 10, 2018 2:24 pm

    Apart from the high-speed rail, the other big projects of RZhD are:

    a). Expansion of BAM capacity (underway)
    b). Construction of rail-line to Yakutsk from the Trans-Sib (underway)
    c). Construction of a rail-line from the mainland to Sakhalin island (underway partially, Sakhalin's rail infrastructure is currently being thoroughly overhauled, but the bridge project is not approved as yet).

    All 3 are part of larger, more long-term strategic objectives:
    a) is needed for the futher expansion of goods cargo transportation from Asia
    b) is needed to make the Bering Straight tunnel megaproject at least look somewhat plausible in a few decades time
    c) is needed for a perspective tunnel from Sakhalin (and thus Russia) to Japan; which Russia has been proposing to Japan for some time now

    In addition, RZhD is actively pushing the idea of a trans-Korean railway, so that South Korea can export goods to Europe through Russia by rail. However recently America has stepped in and put a stop to any reconnection of North and South Korean rail-lines, claiming that the North needs to give up its nuclear program before any discussions of such can take place.
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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Wed Oct 10, 2018 5:00 pm

    The railway on Sakhalin is narrower than in the rest of Russia, the tracks will now be brought to standard.

    There is also a extension of the railway network up to the Bering strait with an extra line going to Petropawlowsk.


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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Wed Oct 10, 2018 10:18 pm

    New IMF study called "Fiscal monitor" looks at the wealth of countries.

    1. Norway
    2. Russia
    3. Kasachstan


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    dino00

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    Re: Russian Economy General News: #9

    Post  dino00 on Thu Oct 11, 2018 8:31 pm

    Russia's Foreign Debt Down 9.8% In Nine Months To $467.1Bln As Of Oct 1 - Central Bank

    https://www.urdupoint.com/en/business/russias-foreign-debt-down-98-in-nine-month-453470.html
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Thu Oct 11, 2018 8:34 pm

    that probably explains why Russian money leaving the country has increased this year. It was mentioned to "paying of debts" I believe I read it.
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    dino00

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    Re: Russian Economy General News: #9

    Post  dino00 on Thu Oct 11, 2018 9:10 pm

    The surplus of the budget of the Russian Federation for nine months amounted to 3.5% of GDP

    MOSCOW, October 11. / Tass /. The federal budget was executed in January-September 2018 with a surplus of 3.5% of GDP, or 2 trillion 548.2 billion rubles, according to the materials of the Ministry of Finance of Russia

    https://tass.ru/ekonomika/5663887
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    Neutrality

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    Re: Russian Economy General News: #9

    Post  Neutrality on Fri Oct 12, 2018 12:21 am

    The cabinet has approved the construction of the high speed railway cheers

    First it's going to be Moscow-Nizhniy Novgorod and later when there's additional funding, the railway will be continued to Kazan.

    For Russian speakers here's the entire legal document with all the projects in it:

    http://static.government.ru/media/files/MUNhgWFddP3UfF9RJASDW9VxP8zwcB4Y.pdf
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Fri Oct 12, 2018 12:58 am

    New oil currency is intended to replace the dollar.

    To accelerate the rejection of the dollar in export calculations can help modern technologies of the digital economy. An idea emerged to take advantage of such close friendship between Russia and OPEC and together create a strong oil cryptocurrency, for which and sell its raw materials. Is it utopia or a real alternative to petrodollars?

    In the conditions of the government’s de-dollarization plan for the Russian economy and the desire of officials to transfer export calculations from dollars to rubles, yuan or euro, new unexpected solutions to the problem appear.

    For calculations on the oil market, OPEC + countries, including Russia, could use a special blockchain-based cryptocurrency instead of the dollar, provided with gas, oil or other energy resources, said Igor Yusufov, former energy minister and now head of Energiya corporation, Prime reports . Given that oil and gas resources still constitute half of Russian exports, the abandonment of the dollar in these calculations would be a huge step towards dedollarization.


    https://vz.ru/economy/2018/10/11/945451.html


    Just a speculation but perhaps a good idea. To use dollar (equivalent in $ per barrel) without using a dollar itself lol1 lol1 lol1


    flamming_python wrote:In addition, RZhD is actively pushing the idea of a trans-Korean railway, so that South Korea can export goods to Europe through Russia by rail. However recently America has stepped in and put a stop to any reconnection of North and South Korean rail-lines, claiming that the North needs to give up its nuclear program before any discussions of such can take place.


    US stepped up but both Korean leader meet despite. I am actually glad that Us started war against everybody now. China and India so far said no to US. I have a hunch that railway to Sakhalin is not necessarily for those 400k inhabitants ;-)


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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Fri Oct 12, 2018 5:54 pm

    Neutrality wrote:The cabinet has approved the construction of the high speed railway cheers

    First it's going to be Moscow-Nizhniy Novgorod and later when there's additional funding, the railway will be continued to Kazan.

    For Russian speakers here's the entire legal document with all the projects in it:

    http://static.government.ru/media/files/MUNhgWFddP3UfF9RJASDW9VxP8zwcB4Y.pdf

    Judging by budget surplus, they have already enough funding. But I imagine they will play it safe and do it bit by bit. After the railway link of Crimean bridge is done, a lot more money will be available.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Sat Oct 13, 2018 12:29 am

    Putin instructed to work out the creation of development centers

    on the island of Russian
    "To the Government ... together with the State Atomic Energy Corporation Rosatom, the State Space Corporation Roscosmos, the public joint stock company Gazprom, the public joint stock company Rosneft Oil Company, the public joint stock company United Aircraft Corporation, the joint stock company Society "Helicopters of Russia" and other interested organizations implementing projects in the Far Eastern Federal District, to work on the issue of accommodation on the island of P Ussky engineering units, as well as research and development centers. The report - until May 1, 2019, "- said in a statement
    .

    РИА Новости https://ria.ru/economy/20181012/1530524814.html





    miketheterrible wrote:
    Judging by budget surplus, they have already enough funding. But I imagine they will play it safe and do it bit by bit. After the railway link of Crimean bridge is done, a lot more money will be available.

    AS long as all highly probable risk factors are covered by reserves money supply than I'd say yes.

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    Re: Russian Economy General News: #9

    Post  Austin on Mon Oct 15, 2018 5:41 am

    Contrary to sanctions: foreigners will invest $ 40 billion in the Russian economy
    Basically, the money will go to transport infrastructure and technology development.


    https://iz.ru/798842/dmitrii-grinkevich/naperekor-sanktciiam-inostrantcy-vlozhat-v-ekonomiku-rossii-40-mlrd
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon Oct 15, 2018 10:55 am

    Only rubles: banks will be restricted from issuing currency loans to businesses


    The proposal is contained in the de-dollarization plan of the economy.


    Lending in foreign currency to companies that do not have sufficient export earnings will make it unprofitable for banks. Such a point is contained in the de-dollarization plan of the economy, which was introduced in the Cabinet. About this "Izvestia" told two federal officials from the financial and economic bloc of the government and a source familiar with the content of the document. For such loans, it is planned to establish increased risk ratios, which will force banks to create additional reserves. Business supports the approach: this will avoid problems with debt repayment with a sharp drop in the ruble exchange rate.


    The state plans to motivate Russian banks not to issue foreign currency loans to organizations that do not have sufficient revenue in other monetary units, a federal official told Izvestia. He added that the strict restrictions on the provision of such loans in the document still did not lay. Another official familiar with the dedollarization plan explained that the so-called risk-weighting principle is planned to be applied to banks (determines the size of the created reserves depending on how high the risk of loan default is). Information about limiting the issuance of loans in foreign currency was confirmed by a source participating in the discussion of the plan.

    - Banks will not be profitable to lend to the company in terms of reserves, if they do not have foreign exchange earnings, - said a federal official.

    https://iz.ru/799311/tatiana-gladysheva-inna-grigoreva/tolko-rubli-bankam-ogranichat-vydachu-valiutnykh-kreditov-biznesu




    Austin wrote:Contrary to sanctions: foreigners will invest $ 40 billion in the Russian economy
    Basically, the money will go to transport infrastructure and technology development.


    I wonder how they are gonna reach 15% of return per annum? dunno dunno dunno

    In order to attract foreigners to Russian infrastructure projects, they need to offer a fairly high yield - about 15% per annum, says Vladimir Rozhankovsky, an expert on capital management at the International Financial Center. According to him, otherwise they are not interested in such projects.

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    George1

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    Re: Russian Economy General News: #9

    Post  George1 on Thu Oct 18, 2018 1:25 am

    FIFA 2018 World Cup effect on Russia's GDP to reach $2.3-3.2 bln per year over 5 years

    It is expected that about a third of the future effect of the tournament will come from the development of tourism

    MOSCOW, October 16. /TASS/. The long-term effect of the 2018 World Cup on Russia's GDP after the tournament over the next five years will reach 150-210 bln rubles ($2.3-3.2 bln) per year, according to the report of the 2018 FIFA World Cup Russia Local Organizing Committee.

    The 2018 World Cup matches were held from June 14 to July 15 in 11 Russian cities. The French national team won the tournament, the Russian team reached the quarterfinals for the first time in history.

    "The cumulative impact of the World Cup on Russia's GDP for 2013-2018 is 952 bln rubles ($14.5 bln), which is around 1% of the annual GDP," the report said. "The total contribution of the 2018 World Cup to the economy of each of the organizing regions was 2-20% of the annual GDP value. The long-term annual effect of the 2018 World Cup on Russia's GDP after the championship over the next 5 years will reach 150-210 bln rubles ($2.3-3.2 bln)," according to the report.

    It is expected that around a third of the future effect of the 2018 World Cup will come from the development of tourism, while the bulk of the long-term impact will be achieved due to the catalyst effect on investment.


    More:
    http://tass.com/economy/1026222
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Thu Oct 18, 2018 8:36 pm

    https://www.rt.com/business/441530-russia-egypt-trade-eeu/?utm_referrer=https%3A%2F%2Fzen.yandex.com

    Putin discusses free-trade zone with Sisi as Russia’s trade with Egypt surges 62%

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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Fri Oct 19, 2018 3:28 pm

    https://sdelanounas.ru/blogs/113148/

    Russia and Uzbekistan at the inter-regional forum signed an agreement for $27 billion
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Mon Oct 22, 2018 8:07 pm

    https://sdelanounas.ru/blogs/113245/

    AHAHAHAAHAHAHAHA

    Latvia bought out almost the entire Russian export volume of rye
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    Isos

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    Re: Russian Economy General News: #9

    Post  Isos on Mon Oct 22, 2018 8:45 pm

    miketheterrible wrote:https://sdelanounas.ru/blogs/113245/

    AHAHAHAAHAHAHAHA

    Latvia bought out almost the entire Russian export volume of rye

    Can someone reminds them about "baltic states, russian agression, US protection, EU, sanctions ..." and all those things.
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Mon Oct 22, 2018 9:53 pm

    Isos wrote:Can someone reminds them about "baltic states, russian agression, US protection, EU, sanctions ..." and all those things.

    because selling rye is a part of Russian hybrid war lol1 lol1 lol1

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    Hole

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    Re: Russian Economy General News: #9

    Post  Hole on Mon Oct 22, 2018 10:02 pm

    They should be careful. One of May´s theories how the Skripals were poisend was Novichok in a pack of buckwheat Yulia Skripal brought from Russia. lol!
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    PapaDragon

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    Re: Russian Economy General News: #9

    Post  PapaDragon on Mon Oct 22, 2018 10:46 pm

    GunshipDemocracy wrote:
    Isos wrote:Can someone reminds them about "baltic states, russian agression, US protection, EU, sanctions ..." and all those things.

    because selling rye is a part of Russian hybrid war  lol1  

    Well rye is hybrid crop so it all makes sense Cool

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