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    Russian Economy General News: #2

    magnumcromagnon
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    Post  magnumcromagnon on Mon Jun 23, 2014 6:12 pm

    Thanks for whoever moderator rightly changed the name of this thread, make your presence known so I can give you a +1!
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    Post  GarryB on Tue Jun 24, 2014 5:32 am

    Smile no need for a plus one for doing my job... Smile
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    Post  magnumcromagnon on Tue Jun 24, 2014 1:07 pm

    GarryB wrote:Smile no need for a plus one for doing my job... Smile


    ...It's my +1, and I can do what I want to, do what I want to, do what I want to...Cool
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    Post  TheArmenian on Tue Jun 24, 2014 5:37 pm

    Just a bit of very positive economic news from Russia.

    - Stock Index rises above 1400.

    - Ruble rises : Dollar dips below 34

    - Unemployment is at its lowest (4.9%)
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    Post  Hannibal Barca on Tue Jun 24, 2014 6:16 pm

    Yeah economic front is just about great. All in all I think everything goes as I was expecting 7 years ago when the prime crises triggered the end of US hegemony...
    all but Russian elite to demand what she deserves that is (Ukraine, Syria and elsewhere)...
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    Post  TheArmenian on Tue Jun 24, 2014 9:10 pm

    I was expecting this to happen.

    Putin: Russian economy will show bigger growth in 2014 than expected.
    http://en.itar-tass.com/economy/737620
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    Post  Viktor on Fri Jun 27, 2014 1:01 am

    Nice  thumbsup 

    Ukraine's crisis does not affect tourism in Russia

    Russia entered the top ten most popular travel destinations with the number of inbound foreign tourists growing by 13-15% every year
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    Post  Austin on Fri Jun 27, 2014 6:52 pm

    Final threat from EU

    [url=http://en.ria.ru/world/20140627/190735548/EU-Gives-Russia-Three-Days-to-De-Escalate-Ukraine-Crisis.html]EU Gives Russia Three Days to De-Escalate Ukraine Crisis, Threatens Sanctions[/url]


    The European Council on Friday said it would give Moscow three days to de-escalate the situation in Ukraine, or it will impose new sanctions against Russia, according to a statement published Friday.
    The European Council also set conditions for the de-escalation.

    "The European Council expects that by Monday 30 June the following steps will be taken: Agreement on a verification mechanism, monitored by the OSCE, for the ceasefire and for the effective control of the border; return to the Ukrainian authorities of the three border checkpoints (Izvarino, Dolzhanskiy, Krasnopartizansk); release of hostages including all of the OSCE observers; launch of substantial negotiations on the implementation of President [Petro] Poroshenko's peace plan," the statement reads.

    The European Council said it regrets that the ceasefire, “while being respected by the Ukrainian authorities,” has not led to the full cessation of military hostilities and called upon the sides to “genuinely commit to the implementation of the peace plan and to cement the cessation of the military activities.”

    European Union leaders urged Russia to “actively use its influence over the illegally armed groups and to stop the flow of weapons and militants across the border, in order to achieve rapid and tangible results in de-escalation.”

    The European Council said it was prepared to convene at any moment to impose new sanctions against Russia over the Ukrainian crisis, should the council find it necessary.

    “The Council will assess the situation and, should it be required, adopt necessary decisions. The European Council underlines its commitment to reconvene at any time for further significant restrictive measures," the statement reads.
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    Post  magnumcromagnon on Fri Jun 27, 2014 10:37 pm

    Russia launches largest oil drilling platform in the country's Far East

    Russian Economy General News: #2 - Page 7 Berkut-drilling-platform-launch.si

    Russia's Rosneft and America's ExxonMobil have launched a unique drilling platform in the Okhotsk Sea in Russia's Far East. The world's most powerful rig can drill within the radius of at least 7 kilometers.

    The rig is called Berkut or golden eagle and was designed to work in harsh subarctic conditions.

    The drilling platform can withstand a 9 magnitude earthquake, waves of up to 18 meters and temperatures down to minus 44 degrees Celsius, Rosneft President Igor Sechin said. Berkut can also withstand floating ice up to two meters thick and has an autonomous power supply system. It has the largest superstructure on any rig. Weighing 200,000 tons it can drill a total of 45 wells.

    The platform is located 25 km offshore in waters up 35 meters deep. The drilling will be performed by means of a marine rig, which allows all-year-round drilling of wells.

    There have been no accidents or critical failures during the platform's construction, Rosneft's Igor Sechin reported to Russian President Vladimir Putin ahead of the launch on Friday. The construction was completed on time and within budget.

    Russian Economy General News: #2 - Page 7 1

    President Putin started the platform via a video link from the Kremlin, and highlighted the importance of the project to the country and the development of its natural resources in the Sakhalin region. "Thanks to such projects as the Berkut platform, we can use the richest but difficult to access fields, create new production and job opportunities, and strengthen the social and economic development of the Far East," Putin said.

    The President also pointed out that the platform's construction and future operation is carried out under the strictest ecological regulations. "The project has undergone the harshest environmental requirements. The platform meets it, which is a separate achievement," Putin added.

    He also praised the efforts of the Russian-American partners and wished them luck in the future field development projects.

    The platform is a result of work by the Sakhalin-1 Consortium, which is the first major shelf project in the country, created on Product Sharing Agreement (PSA) terms. Forged in 1996, it includes several participants, with ExxonMobil and Sodeco having a 30 percent of share each, and Rosneft and ONGC Videsh Ltd. holding 20 percent each.

    The total project is estimated to cost $10-12 billion, making it the largest direct foreign investment in Russia. It involves development of three oil fields in the north-east shelf off Sakhalin Island in the waters of the Okhotsk Sea.

    Exploitation at Arkutun-Dagi field with the Berkut platform is expected to start by the end of the year. It will add 4.5 million tons to the Sakhalin-1 total annual extraction, producing up to 12,000 tons of oil daily.

    http://rt.com/business/168884-berkut-drilling-platform-rosneft-exxonmobil/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
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    Post  sepheronx on Fri Jun 27, 2014 11:24 pm

    Now that it is launched, they should kick out Exxon mobile because of sanctions.  Then look for investors from Chinese and Indian oil companies.  Everyone is happy but American!

    Austin wrote:Final threat from EU

    EU Gives Russia Three Days to De-Escalate Ukraine Crisis, Threatens Sanctions


    The European Council on Friday said it would give Moscow three days to de-escalate the situation in Ukraine, or it will impose new sanctions against Russia, according to a statement published Friday.
    The European Council also set conditions for the de-escalation.

    "The European Council expects that by Monday 30 June the following steps will be taken: Agreement on a verification mechanism, monitored by the OSCE, for the ceasefire and for the effective control of the border; return to the Ukrainian authorities of the three border checkpoints (Izvarino, Dolzhanskiy, Krasnopartizansk); release of hostages including all of the OSCE observers; launch of substantial negotiations on the implementation of President [Petro] Poroshenko's peace plan," the statement reads.

    The European Council said it regrets that the ceasefire, “while being respected by the Ukrainian authorities,” has not led to the full cessation of military hostilities and called upon the sides to “genuinely commit to the implementation of the peace plan and to cement the cessation of the military activities.”

    European Union leaders urged Russia to “actively use its influence over the illegally armed groups and to stop the flow of weapons and militants across the border, in order to achieve rapid and tangible results in de-escalation.”

    The European Council said it was prepared to convene at any moment to impose new sanctions against Russia over the Ukrainian crisis, should the council find it necessary.

    “The Council will assess the situation and, should it be required, adopt necessary decisions. The European Council underlines its commitment to reconvene at any time for further significant restrictive measures," the statement reads.

    I think since the beginning, they were threatening about final sanctions for a while, and how they will go to third tier sanctions. I went on vacation, came back and still nothing. They seem to talk a lot. And they know they will get economically screwed in the process of trying to screw Russia, so I doubt they will do it, unless they really want to sabotage their own economy. And if that is the case, I really feel sorry for Europeans.
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    Post  magnumcromagnon on Fri Jun 27, 2014 11:50 pm

    sepheronx wrote:Now that it is launched, they should kick out Exxon mobile because of sanctions.  Then look for investors from Chinese and Indian oil companies.  Everyone is happy but American!

    Austin wrote:Final threat from EU

    EU Gives Russia Three Days to De-Escalate Ukraine Crisis, Threatens Sanctions


    The European Council on Friday said it would give Moscow three days to de-escalate the situation in Ukraine, or it will impose new sanctions against Russia, according to a statement published Friday.
    The European Council also set conditions for the de-escalation.

    "The European Council expects that by Monday 30 June the following steps will be taken: Agreement on a verification mechanism, monitored by the OSCE, for the ceasefire and for the effective control of the border; return to the Ukrainian authorities of the three border checkpoints (Izvarino, Dolzhanskiy, Krasnopartizansk); release of hostages including all of the OSCE observers; launch of substantial negotiations on the implementation of President [Petro] Poroshenko's peace plan," the statement reads.

    The European Council said it regrets that the ceasefire, “while being respected by the Ukrainian authorities,” has not led to the full cessation of military hostilities and called upon the sides to “genuinely commit to the implementation of the peace plan and to cement the cessation of the military activities.”

    European Union leaders urged Russia to “actively use its influence over the illegally armed groups and to stop the flow of weapons and militants across the border, in order to achieve rapid and tangible results in de-escalation.”

    The European Council said it was prepared to convene at any moment to impose new sanctions against Russia over the Ukrainian crisis, should the council find it necessary.

    “The Council will assess the situation and, should it be required, adopt necessary decisions. The European Council underlines its commitment to reconvene at any time for further significant restrictive measures," the statement reads.

    I think since the beginning, they were threatening about final sanctions for a while, and how they will go to third tier sanctions.  I went on vacation, came back and still nothing.  They seem to talk a lot.  And they know they will get economically screwed in the process of trying to screw Russia, so I doubt they will do it, unless they really want to sabotage their own economy.  And if that is the case, I really feel sorry for Europeans.

    I agree, but never underestimate human stupidity. People forget that some of the reasons the economy of the West faired better after the end of the Cold War during the 90's was that places of former Soviet influence were now open to start trading in the dollar, and that the vast Russian natural resources were open for export thus justifying commodity and goods speculators in New York, Chicago, London, Frankfurt, Tokyo, Singapore and Paris economic stock exchanges to lower costs of many goods exported and imported. Russia gains fare less when dealing economically with the West, and the West definitely gains more than what Russia gains in return (thank Gorbachev and Yeltsin for that).
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    Post  Austin on Sat Jun 28, 2014 10:03 am

    I think the key push to isolate Russia comes from US , US is pushing EU to apply sanctions and working quitely behind the curtain.

    Since the 3rd round of sanction is now all but inevitable.

    Would suggest Russian Economy to move towards the East.

    Accept Yuan/Rouble as one of the trading currency for Oil/Gas that would make sure Euro/USD does not remain the only currency of trading.

    Keep building Gold Reserves.

    Stop Dreaming that US or EU wants to see a strong Russia.

    Build Greater Relation with China , India and other Asian country.
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    Post  medo on Sat Jun 28, 2014 12:22 pm

    Austin wrote:I think the key push to isolate Russia comes from US , US is pushing EU to apply sanctions and working quitely behind the curtain.

    Since the 3rd round of sanction is now all but inevitable.

    Would suggest Russian Economy to move towards the East.

    Accept Yuan/Rouble as one of the trading currency for Oil/Gas that would make sure Euro/USD does not remain the only currency of trading.

    Keep building Gold Reserves.

    Stop Dreaming that US or EU wants to see a strong Russia.

    Build Greater Relation with China , India and other Asian country.

    Absolutely, Russia have to make its all trade in Ruble, Yuan and gold bars. With the 3rd round of EU sanctions, Russia have to stop selling all strategical and rare metals to EU industry and than to see, what effect will it have to them. They could very quickly shot down their car and aerospace industry. EU have very large debts and they are still not out of crisis, so such sanctions will be a very devastating blow for EU economy, that they will be very quickly in the largest depression ever. Euro will very quickly crash, as there are too many beggars in Eurozone, England will go out from EU, big states as UK, Spain, Belguim, Italy will disintegrate in independent states and Germany will have to throw south and eastern states out from Euro, if they want to survive. At the end Ukraine will not be able to join EU as there will be no more EU. This century will be a century of Asia and South America, where BRICS states will be the centers of World Economy and Russia will be a part of it and one of the richest states in the World. USA and EU will become a part of the third World as their time is now ending in next five years the time of western economy domination will end.
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    Post  Austin on Sat Jun 28, 2014 12:43 pm

    Ulyukayev: Tough EU sanctions will have dramatic consequences for the Russian economy  pale 

    http://itar-tass.com/ekonomika/1285836

    Petropavlovsk-Kamchatsky, June 28.  / ITAR-TASS /.  Ministry of Economic Development has prepared three options forecasts of economic development of Russia in the event of the introduction of sectoral sanctions in connection with the situation in Ukraine.


    The Minister of Economic Development of Russia Alexei Ulyukayev in the program "Vesti on Saturday" on the TV channel "Russia 1".


    "We conditionally developed three options according to their degree of softness and hardness. Most first - that is to say, luxuries there, caviar, fur, then the second - harder, and finally the third, taking into account the entire complex - metals, fertilizers, oil, gas and so on, taking into account the price factor and volume factor "- the minister said.


    "The economy is holding such a scenario. Course, economic growth is seriously go into the negative plane. And even more negative is the rate of investment, declining revenues, increased inflation, declining government reserves. But in general, no dramatic developments" - said Alexei Ulyukayev.
    Hannibal Barca
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    Post  Hannibal Barca on Sat Jun 28, 2014 1:43 pm

    Austin, the panic boy   lol! 
    So far the only country in recession are the americunts -3% Q1  lol1 lol1 
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    Post  Austin on Sat Jun 28, 2014 6:01 pm

    I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia
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    Post  Hannibal Barca on Sat Jun 28, 2014 9:10 pm

    Austin wrote:I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia


     lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 

    Strange cause last time I checked they were lower in energy consumption in Q1 2014 compare to Q1 2013  lol! 
    magnumcromagnon
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    Post  magnumcromagnon on Sat Jun 28, 2014 11:53 pm

    Austin wrote:I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia

    A lot of people don't know that if Russia nationalized their central bank and called a natural resource embargo on trading with the use of the Dollar, it would significantly raise the cost of living on Americans because of: 1) It would weaken the value of the U.S. Dollar, 2) commodity speculators would be forced to raise the price of of everything from oil and natural gas, to timber and fresh water. The U.S. govt. is sowing the seeds of their own destruction.
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    Post  sepheronx on Sat Jun 28, 2014 11:54 pm

    It seems economic minister Ukulele cannot seem to make up his mind.  Guy should be fired already. First he says it wont affect them.  Then says it will effect them greatly.  Then goes again and says it wont effect them.  All under the same news agency and posted by Austin.

    So the guy needs to go already.  He is annoying and obviously does not know economics if he has a hard time trying to understand what is happening.

    magnumcromagnon wrote:
    Austin wrote:I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia

    A lot of people don't know that if Russia nationalized their central bank and called a natural resource embargo on trading with the use of the Dollar, it would significantly raise the cost of living on Americans because of: 1) It would weaken the value of the U.S. Dollar, 2) commodity speculators would be forced to raise the price of of everything from oil and natural gas, to timber and fresh water. The U.S. govt. is sowing the seeds of their own destruction.

    I hope Russia nationalizes the Central bank, as they are more obviously working against Russia.  But in all cases, it will happen eventually as people are getting fed up with their BS.  No main bank whom controls the economics of the country should be under private hands or foreign nationals.  Fed bank is a good example how it is done wrong, and its private.

    Austin wrote:I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia

    Hannable is correct. US will claim anything due to economic slowdown. But I can tell you right now, they did not have issues with agriculture last and early this year. Q1 negative growth has to do with the fact that majority of jobs created are part timers, and businesses are still leaving the country to manufacture outside, all the while, the banks are so called preparing for another fallout.
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    Post  Hannibal Barca on Sun Jun 29, 2014 12:06 am

    Yes it is related with weak consumption and the Obama stimulus not hitting the targets especially the Medicare/Medicaid programs.
    This links to what you said, insufficient recovery and worsening climate.
    Worse yet, this is at a time when FED still prints like hell, stocks are high, prior to Ukraine crisis and before oil prizes rise, prior to the China-Russia deal and in a time when supposedly developed economies where on a good path of gathering trust.
    This looks serious I tell ya!
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    Post  Werewolf on Sun Jun 29, 2014 1:27 am

    magnumcromagnon wrote:
    Austin wrote:I am aware of the US -3% GDP but they mentioned it was due to Acute Winter in the first quarter.

    here is the English version of the news

    Economy minister Ulyukayev: EU’s toughest sanctions variant not to be dramatic for Russia

    A lot of people don't know that if Russia nationalized their central bank and called a natural resource embargo on trading with the use of the Dollar, it would significantly raise the cost of living on Americans because of: 1) It would weaken the value of the U.S. Dollar, 2) commodity speculators would be forced to raise the price of of everything from oil and natural gas, to timber and fresh water. The U.S. govt. is sowing the seeds of their own destruction.

    There is a big problem with federalisation of central bank, it stays in the russian constitution on order of US after fall of USSR, when Jelzin teh Drunk has sold out his country.

    It says in Federal law 86 fz

    http://www.bu.edu/bucflp/files/2012/01/Federal-Law-No.-86-FZ-of-2002-on-the-Central-Bank-of-the-Russian-Federation.pdf

    Chapter I. General Provisions
    Article 1. The status, purposes, functions and powers of the Central Bank of
    the Russian Federation (Bank of Russia) are stipulated by the Constitution of the
    Russian Federation, this Federal Law and other federal laws.
    The Bank of Russia shall fulfil the functions and exercise the powers
    stipulated by the Constitution of the Russian Federation and this Federal Law
    independently from other federal bodies of state power, the bodies of state power
    of the constituent entities of the Russian Federation and local self-government
    bodies.
    The Bank of Russia shall be a legal entity. The Bank of Russia shall have a
    stamp with the image of the National Emblem of the Russian Federation and its
    own name.
    The central bodies of the Bank of Russia shall be based in Moscow.
    Article 2. The authorised capital and other property of the Bank of Russia
    shall be in federal ownership. In pursuance of its purposes and in accordance with
    the procedure established by this Federal Law, the Bank of Russia shall exercise its
    powers to own, use and manage its property, including the gold and currency
    (international) reserves of the Bank of Russia. This property may not be
    confiscated or encumbered with obligations without Bank of Russia consent unless
    the federal law stipulates otherwise.
    The state shall not be liable for the obligations of the Bank of Russia and the
    Bank of Russia shall not be liable for the obligations of the state
    unless they have
    assumed such obligations or unless federal laws stipulate otherwise.

    The problem with every countries central bank where even once americans have had their hands in are written in constitutions or more often in secret acts and treaties like here in Germany the so called Chancelor act, that was brought to light by Egor Bahr, and former BND (Bundesnachritendienst) the german news agency. This Chancelor act was forced upon germany from 1949 for everyone who becomes chancelor has to sign this treaty that assures that US policy will be fullfilled till 2099. Further, Article 23 of our "constitution" said untill 1992 which regions (states) belong to Germany and those states define the german boarders, since 2008, germany has changed that law on directive of Brussels, of course secretley, and now for everyone visible it says Germany is obligated to fullfill everything in favor of European Union.

    To establishing a united Europe, the Federal Republic of Germany shall participate in the development of the European Union, the democratic, constitutional, social and federal principles and the principle of subsidiarity, and that guarantees this fundamental law essentially comparable protection of fundamental rights. The Federation may transfer sovereign powers by this law with the consent of the Bundesrat. The establishment of the European Union, as well as changes in its treaty foundations and comparable regulations, this Basic Law shall be amended or supplemented its contents, or make such changes or additions are made possible, in Article 79, paragraph 2 shall apply and 3

    If germany wants EU so badly why not making a new article in the constitution, why ereasing an article that defined our boarders and our souveringity in our own consitution.

    Like Germany, Russia has still threats within its boarder in the government, worms protecting NWO orders, and Putin tried for years to change the situation that the Central Bank has to be liable for the country and not contradict with its own constitutional laws that only give loopholes. Konstantin Petrov, former General of VKO of russia had his own party and tried to fight those caste of Jelzin and his subworm families that took power like Prokhorov and Sacharow, all oligarchs having their hands in state and banking system.


    That is a hard task, it may stand only on paper but as soon as they get rid of all those who are actually protecting this crap written on paper and hurting russia and germany then they will have free space to do whatever needed to bring normal power back that does not leech out russian federation by the west established banking laws.
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    Post  Viktor on Mon Jun 30, 2014 2:09 pm

    Great  thumbsup 

    Russia and China in the near future plan to begin payments in rubles and yuan
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    Post  Viktor on Mon Jun 30, 2014 10:00 pm

    Another giant contract in making - 10 bin $ for 5 power plants


    Russian company negotiates construction of power plants in Iran
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    Post  Viktor on Tue Jul 01, 2014 6:40 pm

    Lots of news from Central Bank of Russia today  thumbsup 

    Central Bank of the Russian economy has registered structural reforms instead of cheap money

    CB: currency exchange operations ruble-yuan at high readiness
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    Russian Economy General News: #2 - Page 7 Empty Re: Russian Economy General News: #2

    Post  Viktor on Thu Jul 03, 2014 5:47 pm

    Lots of news from Russia - China cooperation

    500 000 apartments for the poor by the end of 2017 - program of RF

    Medvedev: Russia and China will cooperate in the field of housing construction


    3.5 - 5 bin $ for small hydroplants in Russia

    Media: "RusHydro" and PowerChina invest in small hydro power plants in Russia, $ 3.5-5 billion


    and in general

    Helicopters, cars and titanium. Joint projects Rosteh and China

    Sponsored content

    Russian Economy General News: #2 - Page 7 Empty Re: Russian Economy General News: #2

    Post  Sponsored content


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