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    Russian Economy General News: #3

    sepheronx
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    Post  sepheronx on Tue Jan 27, 2015 5:13 am

    Russia and DPRK May Develop $20-30 Billion Power Grid Project
    North Korea is believed to be in talks with Russian companies over a project aimed at modernizing the country's electric power transmission network, Chosun Ilbo reports.
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    Post  Vann7 on Tue Jan 27, 2015 5:38 am

    Posted again ..for being so important..

    OPEC: Oil could reach $200 per barrel in future .. and already hit the button in prices and will bounce soon.

    http://actualidad.rt.com/actualidad/164528-opep-petroleo-encarecer


    People comments in the forums go like this....

    "they got tired of their strategy to try to collapse Russia economy by bringing down oil prices and now wants
    to move the oil at $200 to recover their loses......"
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    Post  Vann7 on Tue Jan 27, 2015 7:17 am



    Interesting report.. about Russia Economy in 2015 and what is happening behind the scenes..

    Putin's Ultimatum to the Russian Oligarchs
    http://fortruss.blogspot.ca/2015/01/putins-ultimatum-to-russian-oligarchs.html


    Seems like good news.. Apparently putin in december gave an ultimatum to Oligarchs to either
    join the government to support the economy or simply do as you please..but later don't come asking for help on
    your business economy . Since there are sanctions against all Russian business of making loans in the west.. Russian
    oligarch will exclusively depend on Russian government Banks for help.

    Basically Russian banks , incredibly but true.. are nationalizing Russian Oligarch business who have
    refused to join the side of the Government and doing it legally ,just by not being generous with them ,and buying
    their debts.. Very Happy

    It looks like western sanctions are aimed at provoking a coup in Russia ,by the 5th oligarchs.. that they either will have to choose between overthrowing putin or lose their companies.

    IT mentions that by the end of 2015 Russia will be a very different nation and with have many business nationalized
    of 5th column oligarchs who have refused to help the Russian economy. Business that refuse to help Russian economy, will not receive help from Russian banks. clever and simple and best of all is fair. Smile
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    Post  Austin on Tue Jan 27, 2015 11:45 am

    Any idea how much FDI Russia received in 2014 ?

    I just could find last year data where it was second highest after china
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    Post  higurashihougi on Tue Jan 27, 2015 2:36 pm

    Surely the White House will blah blah blah about "dictactor Putin" and "totaliarianism" Laughing Laughing Laughing
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    Post  Werewolf on Tue Jan 27, 2015 3:51 pm

    higurashihougi wrote:Surely the White House will blah blah blah about "dictactor Putin" and "totaliarianism" Laughing Laughing Laughing

    You have no idea, here in my country Putin was called money hungry corrupt politician based on the report that they signed a law around 2010 that state officials are not allowed to recieve money else but from the state and that their bank accounts and their families bank accounts are monitored to make corruption less likely, this exact law was twisted here in our Süddeutsche,Spiegel,Focus etc that he is running a mafia cartell the biggest corruption bla bla blup.
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    Post  Viktor on Tue Jan 27, 2015 10:32 pm

    Nice thumbsup

    Central Bank wants to lower the rate for six months in the stabilization of the economy
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    Post  Rmf on Tue Jan 27, 2015 11:00 pm

    as exchange rate stabilises that should be the first thing they do. also much needed is a dedicated agricultural bank with longerteerm interest rate credits, soon the new season will start ,this is a big minus for russian economists.
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    Post  sepheronx on Tue Jan 27, 2015 11:05 pm

    Rmf wrote:as exchange rate stabilises that should be the first thing they do. also much needed is a dedicated agricultural bank with longerteerm interest rate credits, soon the new season will start ,this is a big minus for russian economists.

    They already have an agricultural bank: https://www.rshb.ru/en/

    This is just additional funds to push forward from government while banks just offer the loans. And it really isn't a big minus, not even a minus at all. Actually, this is very good as majority is done already via private development. Reseeding and the likes is not costly.
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    Post  Kyo on Wed Jan 28, 2015 12:22 am

    Pepe Escobar, for RT wrote:‘Empire of Chaos’ in the House

    Pepe Escobar is the roving correspondent for Asia Times/Hong Kong, an analyst for RT and TomDispatch, and a frequent contributor to websites and radio shows ranging from the US to East Asia.

    No one in Western corporate media will tell you why US President Barack Obama is hitting Riyadh with a high-powered delegation to “pay his respects” to the new House of Saud potentate, King Salman.
    Talk about a who’s who – including CIA head John Brennan; General Lloyd Austin, head of US Centcom; Secretary of State John Kerry; leading House Democrat Nancy Pelosi; and even senile Senator John “Bomb Iran” McCain.
    It must have been heart wrenching for most in this crowd to skip a visit to the Taj Mahal in India so they would be part of the last-minute, “unscheduled” stop in Riyadh.
    This is how the astonishing mediocrity that doubles as US Deputy National Security Adviser Ben Rhodes, spun it; “Principally, I think this is to mark this transition in leadership and to pay respects to the family and to the people of Saudi Arabia, but I’m sure that while we’re there they’ll touch on some of the leading issues where we cooperate very closely with Saudi Arabia.”
    The White House and the Pentagon did not bother to “pay their respects” in person to the people of France after the Charlie Hebdo massacre. The House of Saud – “our” top bastards in the Persian Gulf – is of course much more valuable.
    And yet, Air Force One, we got a problem. High-level US financial sources assure this correspondent the trip is all about Obama shoring up the new King’s support for their financial/economic war on Russia as the House of Saud is starting to have second thoughts. The Saudi role in this war has been to come up with the oil price shock – which is hurting not only Russia but also Iran and Venezuela, among others. Besides, the US puppet theoretically in charge in Ukraine, Petro Poroshenko, has just visited Saudi Arabia.
    Russia is not Iran – with all due respect to Iran. If the House of Saud really believes they are talking to the head of a superpower rather than a ventriloquist’s puppet – which is Obama’s role – they are effectively doomed. Nothing Obama says means a thing. The real ‘Masters of the Universe’ who run the ‘Empire of Chaos’ want the House of Saud to do most of their dirty work against Russia; and in a later stage they will take care of the “towel heads” - as the saying goes in Washington - over their development of nuclear missiles with Pakistan. And especially because the Saudi-launched oil price war is bound to destroy the US oil industry - against US national interests.
    The House of Saud has absolutely nothing to gain from this undeclared financial/economic war on Russia. The Saudis have already “lost” Yemen and Iraq. Bahrain is held by mercenary troops containing the alienation of the Shia majority. They are freaking out with the possibility of ultimate “enemy” Iran reaching a nuclear deal with His Master’s Voice. They are desperate that “Assad won’t go”. They want every Muslim Brotherhood in sight – or the vicinity – jailed or beheaded. They fear any Arab Spring-style stirrings as worse than the plague. And then there’s the fake Caliphate of ISIS/ISIL/Daesh threatening to go all the way to Mecca and Medina. The House of Saud is effectively surrounded.

    The suicide roadmap

    Meanwhile, as the tempest approaches, all is smiles – amid a silent family bloodbath. The powerful Sudairi clan has exacted their “revenge” as King Abdullah’s corpse was still warm. King Salman, almost 80, and with Alzheimer’s about to turn him into mush, took no time to appoint his nephew Mohammed bin Naif as deputy crown prince. And just in case nepotism was not evident enough, he also appointed his son Prince Mohammed bin Salman as defense minister. Mohammed bin Naif is a Pentagon/CIA darling; the House of Saud’s head of counterterrorism.
    So yes, this is a desert version of Giuseppe di Lampedusa’s classic The Leopard; Se vogliamo che tutto rimanga com'è bisogna che tutto cambi (“things must change, in order that they can stay the same”.) But the juicier bit is that this seems to apply much more to the House of Saud nowadays than to the ‘Empire of Chaos’.
    Apparently, the game of thrones at “our” bastard’s abode leads to everything staying the same; they remain “our” privileged bastard. The Pentagon even came up with the lovely idea of having the Chairman of the Joint Chiefs of Staff sponsor an essay competition to honor late King Abdullah.
    So shell out your essays lavishing the King for the no holds barred repression of the Shia minority in oil-rich eastern Saudi Arabia. Praise him for the sentencing of Sheikh Nimr Baqir al-Nimr - a popular Shia cleric and outspoken political dissident; he should be beheaded, Daesh-style, just because he led a non-violent movement committed to promoting Shia rights, women’s rights, and democratic reform in Saudi Arabia (even Human Rights Watch has admitted that Saudi Arabian Shias “face systematic discrimination in religion, education, justice, and employment.”)
    Honor the late King for the thousands of political prisoners; “terrorism” charges against women who dare to drive; the 25 percent of the population living under the poverty line; and last but not least, for facilitating the expansion of al-Qaeda in Iraq, who turned into ISIS. The Pentagon will love you for that.
    All that desert storm of Saudi cash spent on global Wahhabi proselytizing and indoctrinating – and I’ve seen this from the Maghreb to Java – has been such a powerful legacy; a medieval, toxic “religion” (nothing to do with legitimate Islam) that will keep destroying lives and communities and breeding fanatics till Kingdom Come. Hail the King for that – on behalf of the Pentagon. And forget about reading any of this on Arab corporate media – which is totally controlled by the House of Saud.
    The House of Saud “reforming”? Away from that nefarious, barbarian Salafi religious establishment? That’s the joke of the millennium. Everything will stay the same.
    But playing the ‘Empire of Chaos’ game – financial/economic war on Russia - is a game-changer, as in playing with fire. US/EU sanctions, attacks on the oil price and the ruble by giant derivative players as agents, are something way above the Saudi pay grade. The House of Saud swore that they didn’t change their production quota during 2014. But there was an excess supply – and it was brought into the market to help cause the oil price crash, alongside the manipulation by derivatives speculators.
    Scores of oil analysts still can’t figure out why the House of Saud went after Russia; all reasons are political, not economical (Russian support for Syria and Iran, the Americans agreeing with the strategy, etc.). The fact is Moscow did perceive it as a declaration of economic war by Saudi Arabia. Petroleum Intelligence Weekly, cautiously, has already hinted it may get much worse, as in “potential for disruption in Mideast Gulf monarchies.”
    Beware of an Emperor bearing gifts – or mourning a late King. The ‘Empire of Chaos’ is essentially asking the House of Saud to keep going kamikaze all the way against Russia. Sooner or later someone in Riyadh will realize this is the roadmap to House suicide.
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    Post  Austin on Wed Jan 28, 2015 5:01 am

    More EU sanctions on the way

    http://www.vedomosti.ru/politics/news/38731541/obama-i-merkel-dogovorilis-privlech-rossiyu-k

    According to an official of the European Commission, the package of measures contained sectoral potential sanctions. Among the possible measures agency Bloomberg called, in particular, expanding the list of companies and banks, which are not allowed to raise funds in the European market, the new export bans in Russia technologies; restrictions on the purchase of sovereign debt; expansion of the list of persons against whom there is a ban on entry into the EU and whose assets in European countries should be frozen; disconnection from the system SWIFT.

    Prime Minister Dmitry Medvedev has promised that in the case of limited participation of Russian banks in the SWIFT system "Our economic response, and indeed any other, will be without limits."
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    Post  magnumcromagnon on Wed Jan 28, 2015 6:53 am

    How '37' banks became '4' within '2' decades:

    Russian Economy General News: #3 - Page 36 B8QF1Z3IcAAA9-5
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    Post  higurashihougi on Wed Jan 28, 2015 11:46 am

    magnumcromagnon wrote:How '37' banks became '4' within '2' decades:

    The distinctive characteristic of imperialism is the extreme concentration of capital to a very very small number of oligarchs who monopolize the market.
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    Post  sepheronx on Wed Jan 28, 2015 3:03 pm

    http://sdelanounas.ru/blogs/57763/
    Russia's trade balance rose

    Key quoatation here:
    In November, the share of exports of hydrocarbons markedly decreased, but exports of machinery and equipment increased by 28% affect competitive ruble prices. wrote:
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    Post  Kyo on Wed Jan 28, 2015 6:51 pm

    sepheronx wrote:http://sdelanounas.ru/blogs/57763/
    Russia's trade balance rose

    Key quoatation here:

    Full Google translated text is the following:

    sdelanounas' blogs wrote:In January-November 2014 foreign trade turnover of Russia was, according to the Bank of Russia, 742.4 billion US dollars (94.9% compared to January-November 2013), including exports - 459.1 billion dollars (96.9%), import - 283.3 billion dollars (91.7%). The trade balance remained positive, 175.7 billion US dollars (in January-November 2013 - positive, 164.9 billion dollars). In November, the share of exports of hydrocarbons markedly decreased, but exports of machinery and equipment increased by 28%, affecting competitive ruble prices.
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    Post  AlfaT8 on Wed Jan 28, 2015 7:00 pm



    sepheronx is gonna be happy.
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    Post  sepheronx on Wed Jan 28, 2015 7:03 pm

    That was quick. Although, $35B isnt a whole lot, at least not what I was expecting. But hey, if it only costs them that, then good. But here I was expecting $200B for major infrastruxture programs, and import substitution. I suppose they are still seeking more FDI from China and India, at same time too, private commpanies who are complying with government.

    Either that, or services and materials are that cheap to come by for Russia.
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    Post  magnumcromagnon on Wed Jan 28, 2015 7:11 pm

    sepheronx wrote:That was quick. Although, $35B isnt a whole lot, at least not what I was expecting. But hey, if it only costs them that, then good. But here I was expecting $200B for major infrastruxture programs, and import substitution. I suppose they are still seeking more FDI from China and India, at same time too, private commpanies who are complying with government.

    Either that, or services and materials are that cheap to come by for Russia.

    Well considering that Dollar to Rouble standing is approximately 1-60 respectively, they may end up getting more out of their money as far as labor concerns go.


    A positive step forward:

    BRICS to discuss creating new rating agency in March - Brazilian ambassador
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    Post  Viktor on Wed Jan 28, 2015 8:03 pm

    Nice as will reflect on US and indirectly on Russia too ... Very Happy

    Chinese yuan now top 5 major intl payment currency

    ​Russia’s PM signs multibillion dollar anti-crisis plan

    Russian Banks Cancel US Contracts Over Demands to Reveal Taxpayers' Data

    Ministry of Construction: Russia has imposed a record amount of housing in 2014

    and excellent

    A bill to ban foreign currency loans to individuals submitted to the Duma

    Russia to Cut Budget Costs by 10% in 2015, Defense Expenses Unchanged

    Brazil Hopes BRICS Members to Ratify Bank Agreement Soon

    something to keep an eye on - hopefully new government measures will do the trick until situation stabilizes

    Rosstat: Unemployment in Russia rose in December 2014 to 5.3%

    lesser than thought but still high thumbsup

    Rosstat: the fall of investment in Russia in 2014 amounted to 2.5%

    Office by July will present a program on import substitution

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    Post  magnumcromagnon on Wed Jan 28, 2015 8:50 pm

    Russia to quit PACE for one year, hopefully they will decide to never rejoin this stupid counter-productive organization:

    PACE strips Russia of voting rights until April over Ukraine, Russia quits for 1 yr
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    Post  AlfaT8 on Wed Jan 28, 2015 10:42 pm

    magnumcromagnon wrote:Russia to quit PACE for one year, hopefully they will decide to never rejoin this stupid counter-productive organization:

    PACE strips Russia of voting rights until April over Ukraine, Russia quits for 1 yr

    Was it really that counter-productive?? scratch
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    Post  Rmf on Wed Jan 28, 2015 11:32 pm

    sepheronx wrote:That was quick. Although, $35B isnt a whole lot, at least not what I was expecting. But hey, if it only costs them that, then good. But here I was expecting $200B for major infrastruxture programs, and import substitution. I suppose they are still seeking more FDI from China and India, at same time too, private commpanies who are complying with government.

    Either that, or services and materials are that cheap to come by for Russia.

    i think it is good they are pouring that little money into banks and not more....
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    Post  sepheronx on Wed Jan 28, 2015 11:33 pm

    Rmf wrote:
    sepheronx wrote:That was quick. Although, $35B isnt a whole lot, at least not what I was expecting. But hey, if it only costs them that, then good. But here I was expecting $200B for major infrastruxture programs, and import substitution. I suppose they are still seeking more FDI from China and India, at same time too, private commpanies who are complying with government.

    Either that, or services and materials are that cheap to come by for Russia.

    i think it is good they are pouring that little money into banks and not more....

    It isn't just banks, actually for the most part, it isn't banks.  Banks only getting enough to make adjustments for peoples mortgages.  The rest is supposed to go to regions with debt and the ones with the high debt, then into agriculture and some import substitution funding for companies.

    I like this part though:
    As part of the plan, Russia will also create a bank for ‘bad debt’ that’ll collect corporate debt and problematic company assets.
    . What this will do is consolidate the private debt and then the assets of the companies in bad debt. This could help big time. Could mean that the bank can sell the assets of the bad debt companies to other Russian companies or privateers and then use the money to pay off the bad debt to the west. Or just default and then cancel the bank outright afterwards. But regardless, it is a good move.
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    Post  kvs on Thu Jan 29, 2015 3:02 am

    sepheronx wrote:That was quick. Although, $35B isnt a whole lot, at least not what I was expecting. But hey, if it only costs them that, then good. But here I was expecting $200B for major infrastruxture programs, and import substitution. I suppose they are still seeking more FDI from China and India, at same time too, private commpanies who are complying with government.

    Either that, or services and materials are that cheap to come by for Russia.

    The size indicates the gravity of the situation. Russian rand through hundreds of billions of dollars in 2008-2009. Now all it needs
    is $35 billion.

    That surge in industrial production and trade balance late in 2014 is all we need to see about how "Russia's economy is in a crisis".
    The crisis is all in the heads of the western leaders and their mouthpiece media.

    I think it is a mistake for RT to use the language of hysteria to describe the economic situation in Russia.
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    Post  kvs on Thu Jan 29, 2015 3:05 am

    AlfaT8 wrote:
    magnumcromagnon wrote:Russia to quit PACE for one year, hopefully they will decide to never rejoin this stupid counter-productive organization:

    PACE strips Russia of voting rights until April over Ukraine, Russia quits for 1 yr

    Was it really that counter-productive?? scratch

    Russia already reduced its monetary contribution to PACE a few years ago since it is nothing more than a Russia bashing club.
    Western politics and media vis a vis Russia are truly demented. Take saints Khodorkovsky and Berezovsky as an example.
    Gangster oligarchs who make Al Capone look like a two bit amateur but heroes of Russian democracy in the eyes of the west.

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