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    Russian Economy General News: #4

    sepheronx
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    Post  sepheronx on Thu Jun 18, 2015 3:54 am

    The entire article surrounds the only concept: Banking. It is going to be no secret that there will be plenty of Chinese banks that would be reluctant in doing business with Russia as it could hurt them as well. But it doesn't state all banks or which banks. Foreign banks also operate in China as well.

    It comes down to that as long as there ARE banks that will deal with Russia, that wont affect either side. At that, it is the government of China pushing the trade with Russia. Already the energy deals will be dealt in Yuans and Yuan based credit is already hitting Russia, so that only gives indication that there are indeed banks willing to operate with Russia.

    Much like not all Russian banks are not dealing with Ukraine and the likes (funny enough, VTB bank is one of them, wonder why they are sanctioned?). Anyway, article takes a mole hill and makes a mountain out of it. Not surprising since it is Forbs. But whatever.
    magnumcromagnon
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    Post  magnumcromagnon on Thu Jun 18, 2015 6:38 am

    So is it time to freeze and nationalize BP, Exxon Mobile, Ford's assets?

    Russian state assets in Belgium ‘to be seized as Yukos compensation’ – reports
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    Post  sepheronx on Thu Jun 18, 2015 7:16 am

    magnumcromagnon wrote:So is it time to freeze and nationalize BP, Exxon Mobile, Ford's assets?

    Russian state assets in Belgium ‘to be seized as Yukos compensation’ – reports

    It is now up to belgium to decide what they will do. But I imagine if they start freezing assets, Russia will not so they don't hurt their beloved foreign investors. But Russia wont pay a dime. They will just simply take the loss and maybe make it more diplomatically difficult for EU even more.
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    Post  magnumcromagnon on Thu Jun 18, 2015 7:33 am

    sepheronx wrote:
    magnumcromagnon wrote:So is it time to freeze and nationalize BP, Exxon Mobile, Ford's assets?

    Russian state assets in Belgium ‘to be seized as Yukos compensation’ – reports

    It is now up to belgium to decide what they will do.  But I imagine if they start freezing assets, Russia will not so they don't hurt their beloved foreign investors.  But Russia wont pay a dime.  They will just simply take the loss and maybe make it more diplomatically difficult for EU even more.

    Actually the best thing they could do is support countries like Greece, by allowing them to default (while buying Greek bonds) and forcing the EU banks to eat the losses.
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    Post  Vann7 on Thu Jun 18, 2015 8:30 am

    sepheronx wrote:
    magnumcromagnon wrote:So is it time to freeze and nationalize BP, Exxon Mobile, Ford's assets?

    Russian state assets in Belgium ‘to be seized as Yukos compensation’ – reports

    It is now up to belgium to decide what they will do.  But I imagine if they start freezing assets, Russia will not so they don't hurt their beloved foreign investors.  But Russia wont pay a dime.  They will just simply take the loss and maybe make it more diplomatically difficult for EU even more.

    Since Russia does not have much property invested in Belgium what are they going to steal?
    Neither Germany or France will support this.. first because they know is a political stunt of
    Americans...second because they have too many assets in Russia... Third Russia can retaliate
    not paying their private debt to IMF banks.. last time i saw was $$ 500 billions.. Russia can also kick take Belgium Embassy and blockade any commercial air flight from Belgium or any country
    that support this blatant political stunt from traveling using Russia airspace.. This means they it will be more expensive travel flights to them..  Never in the history in the world.. a country
    have threatened a major global Economy to seize their assets ,just because 1 billionaire corrupt in Russia got nationalized their Assets.  

    Americans and Zionist Banking mafia are behind this.. and i think ,that the real goal is psicological warfare against Europe ,to be aligned with US isolation policy of Russia or else
    the price will be high.  So in the next week look for headlines of "FBI investigation" of "corruption" in Italy and Findland , because someone did this or that.. with a fine of 10 billions to them.. in retaliation for them making business with Russia recently..

    Remember that it was Putin who told the US banks demand on France to pay for 10 billions
    USD , was retaliation for France seeking to deliver the Mistrals to Russia.. and Putin told that he was informed that the American suggested that if france does not sell the mistrals they will withdraw the penalty .. and putin told.. What is this? if not blackmail?

    Europe is truly a disgrace ,have given away their power to USA for so long and they now
    needs to take it back..
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    Post  whir on Thu Jun 18, 2015 9:16 am

    Vann7 wrote:just because 1 billionaire corrupt in Russia got nationalized their Assets.  
    Russia knew the risks of political rulings when they joined the European Court of Human Rights....
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    Post  par far on Thu Jun 18, 2015 2:29 pm

    magnumcromagnon wrote:So is it time to freeze and nationalize BP, Exxon Mobile, Ford's assets?

    Russian state assets in Belgium ‘to be seized as Yukos compensation’ – reports


    This is big, this can make or break Russia. Putin and company have to come up with a plan and fast.
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    Post  par far on Thu Jun 18, 2015 3:04 pm

    max steel wrote:  China Not So In Love With Russia After All  attack love



    Shunned by the West, Russia may want to promote its new Chinese love affair to the world these days, but Czar Romeo shouldn’t get his hopes up.

    Russia’s second biggest lender, VTB Bank, said that most Chinese banks have foregone doing business with them. The reason? Western sanctions against VTB. China lenders don’t want to get caught up in the drama and — having more business with the U.S. and Europe than with Russia — have opted to play it safe.

    “China’s ambiguous position regarding Russian banks in the wake of US and EU sanctions is a key issue holding back progress toward greater bilateral cooperation,” VTB Bank First Deputy Chairman Yuri Soloviev write in an op-ed published by the FinanceAsia news agency on Tuesday.

    Soloviev said interbank transactions from most Chinese banks was non-existent. VTB’s Soloviev also said that China banks were not financing Russian trade either, at least not through them.

    “Most Chinese banks will currently not execute interbank transactions with their Russian peers. Chinese banks have significantly curtailed their involvement in (our) foreign trade deals, such as providing trade finance,” Soloviev wrote.

    VTB and market leader Sberbank were sanctioned last year. Russia’s top banks and energy companies are being punished by the U.S. and European Union for Russia’s unofficial support of a separatist uprising in eastern Ukraine. The Ukrainian military has been locked in an on-again, off-again bloody battle with pro-Russian forces in at least four cities within a couple hundred miles from the Russian border. Russia and Ukraine have signed peace agreements on the fighting twice, but locals have claimed their autonomy from Kyiv and Russia’s government seems politically interested in keeping Ukraine in a frozen conflict in order to guarantee it will never become part of NATO. Countries that have ongoing territorial disputes cannot seek NATO membership.


    Since the sanctions began last year, Russia has been touting its friendship with China. A number of partnership deals were signed, including one with Gazprom, Russia’s biggest natural gas producer and exporter, which was also sanctioned by the West.



    http://www.forbes.com/sites/kenrapoza/2015/06/17/china-not-so-in-love-with-russia-afterall/


    Don't believe everything that the west media says because more than most of the time it is all lies.

    India has signed a free trade agreement with The Eurasian Economic Union (EEU).

    http://rt.com/business/268069-india-russia-free-trade/

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    Post  par far on Thu Jun 18, 2015 3:09 pm

    Russian companies' accounts in VTB French subsidiary frozen - CEO Kostin

    More economic warfare.


    http://rt.com/news/268024-vtb-accounts-france-frozen/




    Russia to construct new gas pipeline to Germany via Baltic Sea – Gazprom

    This has the potential to be huge.

    http://rt.com/business/268060-russia-gas-germany-europe/


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    Post  Vann7 on Thu Jun 18, 2015 5:51 pm

    Russia to Build New Gas Pipeline to Germany

    Russian Economy General News: #4 - Page 29 1023530027

    http://sputniknews.com/business/20150618/1023523575.html

    This looks strange.. That doesn't look something that Obama and US Senators and congress
    will support..  It looks like there is major fighting/boycott to western sanctions between factions..
    of TOP US/EU political elite vs Big Group US /EU Business Elite with very important players
    Like Shell and BP.. And Germany energy companies.

    Whatever it is happening , it should be clear by now to even the most skeptics ,
    That Putin strategy and policy against the west is provoking major divisions in US and Europe that are Openly boycotting Russian sanctions.  You have now France Mistral companies offering
    virtually the Blue Print of Mistrals and the Know Hows to do Mistral. And this fractures and
    divisions will only increase the more time pass .

    You saw already the first Signs of this with Kerry and Nuland visit to Russia to promote
    a solution to the ukrainian conflict.  IF you think about this.. US is on the lower end of the stick..
    Ukraine needs no less than 10-15 billions a year to live as a poor nation.. and then you have
    a war in their territory..and the IMF and Europe have to pay the bills..Knowing the possibilities
    Ukraine to pay back is zero ,without Russia help ,since Ukraine will depend to  keep trade with Russia and discounts of Gas and this is not mentioning to help them to end the war in eastern ukraine.  

    So if Russia can sustain its economy ,as they are doing now.. (that is with Ruble in the early 50's and with projected GDP growth in 2016.. and controlling inflation). Then definitively we are
    seeing the light at the end of the tunnel.. and the last news of some frozen private Russian bank accounts seems like a desperate move by the enemies of Russia ,that will have no impact in Russia economy. and actually could scare Russian private investors to have money anywhere in US or Europe and instead move their money to Russia. Which will benefit Russia economy.

    As a matter of Fact.. im still wondering if Merkel is a "Anti-Russian" as many call her..
    and "Pro USA". It looks to me that she is trying to balance things and neither allow
    a major war to start ,,and neither be seen as pro Putin ,so that later Obama and US
    banks start retaliating to germany ,with some new "FBI Investigation" about "Corruption"
    demanding Germany to pay $50 billions. People should not forget that Germany Gold
    is stored in US banks and it will be very painful if Americans bans the sell of Germany cars
    in USA. Just recently ,yesterday ,Gazprom mentioned that Germany was buy gas at world record levels.. like never before and that Gazprom was making lots of profits.. perhaps germany
    trying to secure their Gas before any war start? in any case this new Pipeline to germany
    does not look like US government fully controls Europe and their own Biggest energy business yet and looks more like a Rebellion .

    So how it all this looks? If i were to guess ,there have to be split families about the
    of US against Russia withing US elite.. You could have for example the Owner of US Federal Reserve fighting against Russia.. but one of their sons trying to blockade it? or maybe is not that divided ..and more about factions divisions.. US Energy Giants vs US Defense Industry for example.. The US defense industry could be running US policy ,but Energy Giants like Exon and Shell could also be sabotaging it.. and even read some conspiracies no idea if true.. that
    there was a war between Rockefellers families and Rothchilds.. . but no idea here about this.
    But it could be possible.. THe interest of everyone are not the same... We saw that clearly
    with US vs ISrael over IRAN nuclear program.. now moving in different directions.


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    Post  par far on Thu Jun 18, 2015 7:37 pm

    Vann7 wrote:Russia to Build New Gas Pipeline to Germany

    Russian Economy General News: #4 - Page 29 1023530027

    http://sputniknews.com/business/20150618/1023523575.html

    This looks strange.. That doesn't look something that Obama and US Senators and congress
    will support..  It looks like there is major fighting/boycott to western sanctions between factions..
    of TOP US/EU political elite vs Big Group US /EU Business Elite with very important players
    Like Shell and BP.. And Germany energy companies.

    Whatever it is happening , it should be clear by now to even the most skeptics ,
    That Putin strategy and policy against the west is provoking major divisions in US and Europe that are Openly boycotting Russian sanctions.  You have now France Mistral companies offering
    virtually the Blue Print of Mistrals and the Know Hows to do Mistral. And this fractures and
    divisions will only increase the more time pass .

    You saw already the first Signs of this with Kerry and Nuland visit to Russia to promote
    a solution to the ukrainian conflict.  IF you think about this.. US is on the lower end of the stick..
    Ukraine needs no less than 10-15 billions a year to live as a poor nation.. and then you have
    a war in their territory..and the IMF and Europe have to pay the bills..Knowing the possibilities
    Ukraine to pay back is zero ,without Russia help ,since Ukraine will depend to  keep trade with Russia and discounts of Gas and this is not mentioning to help them to end the war in eastern ukraine.  

    So if Russia can sustain its economy ,as they are doing now.. (that is with Ruble in the early 50's and with projected GDP growth in 2016.. and controlling inflation). Then definitively we are
    seeing the light at the end of the tunnel.. and the last news of some frozen private Russian bank accounts seems like a desperate move by the enemies of Russia ,that will have no impact in Russia economy. and actually could scare Russian private investors to have money anywhere in US or Europe and instead move their money to Russia. Which will benefit Russia economy.

    As a matter of Fact.. im still wondering if Merkel is a "Anti-Russian" as many call her..
    and "Pro USA". It looks to me that she is trying to balance things and neither allow
    a major war to start ,,and neither be seen as pro Putin ,so that later Obama and US
    banks start retaliating to germany ,with some new "FBI Investigation" about "Corruption"
    demanding Germany to pay $50 billions.  People should not forget that Germany Gold
    is stored in US banks and it will be very painful if Americans bans the sell of Germany cars
    in USA. Just recently ,yesterday ,Gazprom mentioned that Germany was buy gas at world record levels.. like never before and that Gazprom was making lots of profits.. perhaps germany
    trying to secure their Gas before any war start?  in any case this new Pipeline to germany
    does not look like US government fully controls Europe and their own Biggest energy business yet and looks more like a Rebellion .

    So how it all this looks?  If i were to guess ,there have to be split families about the
    of US against Russia withing US elite..  You could have for example the Owner of US Federal Reserve fighting against Russia.. but one of their sons trying to blockade it? or maybe is not that divided ..and more about factions divisions.. US Energy Giants vs US Defense Industry for example.. The US defense industry could be running US policy ,but Energy Giants like Exon and Shell could also be sabotaging it..  and even read some conspiracies no idea if true.. that
    there was a war between Rockefellers families and Rothchilds..  . but no idea here about this.
    But it could be possible..  THe interest of everyone are not the same... We saw that clearly
    with US vs ISrael over IRAN nuclear program.. now moving in different directions.




    Nice read Vann, I did not that Mistral blueprints were offered, were they offered?
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    Post  Vann7 on Thu Jun 18, 2015 7:50 pm

    par far wrote:

    Nice read Vann, I did not that Mistral blueprints were offered, were they offered?

    They did not used those words.. but offered help to Russia so that they can build mistrals..
    so what better help could be than blue prints with all the numbers and the hows to ? Such
    knowledge could help Russia to build warships in new ways they never did before and save
    a lot of time.. since no guessing will be needed.


    in more news.. ST Petersburg.. economic meeting.. lots of Business and
    pretty girls too.




    and Kudrin does it again..
    People will not believe Kudrin visit the economic meeting ,not to talk about economy,
    but to talk about politics and propose early Russian Presidential Elections.. what the fuck
    is wrong with him? Shocked He have to be paid really well ,for that.. He is trying to
    sabotage the spirit of the conference by falling short of calling Putin to step down..




    sepheronx
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    Post  sepheronx on Thu Jun 18, 2015 8:07 pm

    Kudrin is not only a fool, but an idiot. As well, he complained about CBR reducing interest rates.

    I have no idea why the media even bothers with him and why he is allowed tovattend any of these meetings. After this, he should be told that he has no more priviledges to go to such events. He never has anything remotely interesting or constructive to say.
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    whir

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    Post  whir on Thu Jun 18, 2015 8:28 pm

    sepheronx wrote:He never has anything remotely interesting or constructive to say.
    And that's why he's there.
    sepheronx
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    Post  sepheronx on Thu Jun 18, 2015 8:55 pm

    whir wrote:
    sepheronx wrote:He never has anything remotely interesting or constructive to say.
    And that's why he's there.

    well, that makes no sense on behalf of the planners and the federal government to allow him to attend these conferences.  As well, doesn't help the local media either for constantly talking about him.

    I remember when he was finance minister, and I remember on various forums I was avidly against him.  Well, I am still against him and see how he was a terrible finance minister.  Because of him, Russia has to pretty much re-invent itself as he put almost nothing to domestic development.  And now, he complains about Interest rates dropping: http://tass.ru/en/economy/801954

    This raises a red flag, as the interest rates are what is stunting domestic development.

    add in:

    http://tass.ru/en/economy/801928

    Which he doesn't ever, or even look at pointing the finger at the west for their dealings.  I wonder why that is?  Well, we all clearly know why, but it is becoming ever so much more evident as his and all blames are towards Putin but never at the west for what their attempts are on Russia.

    German Greff is another 5th coloumnist but knows to keep it in line somewhat so his head wont roll:

    http://tass.ru/en/economy/802047

    important part is at the bottom.  Talking about having to do it on their own and developing their own structures.  Which is the right thing to do.  But to say that there is only western capital and nothing else is a joke, as China is already pushing investments and capital into Russia.  He better be careful not to bite the hand that feeds him, much like what Ukraine did.

    Another example:

    http://tass.ru/en/economy/802040

    What he is essentially saying is he wants to wait till "stocks" get higher and for foreigners to have access to purchasing such stocks. When in reality, during tough times, it is best to start privatization to domestic sources in order to create a competitive market within the country.

    This is worrisome since this is the main bank of Russia, which CBR has their dirty hands in. The good thing is, none of these 5th coloumn liberal idiots are on the same page with each other.
    max steel
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    Post  max steel on Thu Jun 18, 2015 10:05 pm

    par far wrote:
    max steel wrote:  China Not So In Love With Russia After All  attack love



    Shunned by the West, Russia may want to promote its new Chinese love affair to the world these days, but Czar Romeo shouldn’t get his hopes up.

    Russia’s second biggest lender, VTB Bank, said that most Chinese banks have foregone doing business with them. The reason? Western sanctions against VTB. China lenders don’t want to get caught up in the drama and — having more business with the U.S. and Europe than with Russia — have opted to play it safe.

    “China’s ambiguous position regarding Russian banks in the wake of US and EU sanctions is a key issue holding back progress toward greater bilateral cooperation,” VTB Bank First Deputy Chairman Yuri Soloviev write in an op-ed published by the FinanceAsia news agency on Tuesday.

    Soloviev said interbank transactions from most Chinese banks was non-existent. VTB’s Soloviev also said that China banks were not financing Russian trade either, at least not through them.

    “Most Chinese banks will currently not execute interbank transactions with their Russian peers. Chinese banks have significantly curtailed their involvement in (our) foreign trade deals, such as providing trade finance,” Soloviev wrote.

    VTB and market leader Sberbank were sanctioned last year. Russia’s top banks and energy companies are being punished by the U.S. and European Union for Russia’s unofficial support of a separatist uprising in eastern Ukraine. The Ukrainian military has been locked in an on-again, off-again bloody battle with pro-Russian forces in at least four cities within a couple hundred miles from the Russian border. Russia and Ukraine have signed peace agreements on the fighting twice, but locals have claimed their autonomy from Kyiv and Russia’s government seems politically interested in keeping Ukraine in a frozen conflict in order to guarantee it will never become part of NATO. Countries that have ongoing territorial disputes cannot seek NATO membership.


    Since the sanctions began last year, Russia has been touting its friendship with China. A number of partnership deals were signed, including one with Gazprom, Russia’s biggest natural gas producer and exporter, which was also sanctioned by the West.



    http://www.forbes.com/sites/kenrapoza/2015/06/17/china-not-so-in-love-with-russia-afterall/


    Don't believe everything that the west media says because more than most of the time it is all lies.

    India has signed a free trade agreement with The Eurasian Economic Union (EEU).

    http://rt.com/business/268069-india-russia-free-trade/



    You didn't get write's point . Russia's largest bank VTB is not getting any finance help from China after sanctions as Chinese banks are not keen in putting themselves in any trouble . All that China-Russia love being talked about is nothing but a smoke mirror . China is dealing in only those projects with Russia where it helps China . Russia's desperate and late effort to pivot away from Europe is an advantage for China . Writer might have exaggerated it , as Russian banks have released Yuan denominated bonds . But what I want to say is China is walking cautiously . So called love isn't there yet .
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    Post  sepheronx on Thu Jun 18, 2015 10:07 pm

    max steel wrote:
    par far wrote:
    max steel wrote:  China Not So In Love With Russia After All  attack love



    Shunned by the West, Russia may want to promote its new Chinese love affair to the world these days, but Czar Romeo shouldn’t get his hopes up.

    Russia’s second biggest lender, VTB Bank, said that most Chinese banks have foregone doing business with them. The reason? Western sanctions against VTB. China lenders don’t want to get caught up in the drama and — having more business with the U.S. and Europe than with Russia — have opted to play it safe.

    “China’s ambiguous position regarding Russian banks in the wake of US and EU sanctions is a key issue holding back progress toward greater bilateral cooperation,” VTB Bank First Deputy Chairman Yuri Soloviev write in an op-ed published by the FinanceAsia news agency on Tuesday.

    Soloviev said interbank transactions from most Chinese banks was non-existent. VTB’s Soloviev also said that China banks were not financing Russian trade either, at least not through them.

    “Most Chinese banks will currently not execute interbank transactions with their Russian peers. Chinese banks have significantly curtailed their involvement in (our) foreign trade deals, such as providing trade finance,” Soloviev wrote.

    VTB and market leader Sberbank were sanctioned last year. Russia’s top banks and energy companies are being punished by the U.S. and European Union for Russia’s unofficial support of a separatist uprising in eastern Ukraine. The Ukrainian military has been locked in an on-again, off-again bloody battle with pro-Russian forces in at least four cities within a couple hundred miles from the Russian border. Russia and Ukraine have signed peace agreements on the fighting twice, but locals have claimed their autonomy from Kyiv and Russia’s government seems politically interested in keeping Ukraine in a frozen conflict in order to guarantee it will never become part of NATO. Countries that have ongoing territorial disputes cannot seek NATO membership.


    Since the sanctions began last year, Russia has been touting its friendship with China. A number of partnership deals were signed, including one with Gazprom, Russia’s biggest natural gas producer and exporter, which was also sanctioned by the West.



    http://www.forbes.com/sites/kenrapoza/2015/06/17/china-not-so-in-love-with-russia-afterall/


    Don't believe everything that the west media says because more than most of the time it is all lies.

    India has signed a free trade agreement with The Eurasian Economic Union (EEU).

    http://rt.com/business/268069-india-russia-free-trade/



    You didn't get write's point . Russia's largest bank VTB is not getting any finance help from China after sanctions as Chinese banks are not keen in putting themselves in any trouble . All that China-Russia love being talked about is nothing but a smoke mirror . China is dealing in only those projects with Russia where it helps China . Russia's desperate and late effort to pivot away from Europe is an advantage for China . Writer might have exaggerated it , as Russian banks have released Yuan denominated bonds . But what I want to say is China is walking cautiously . So called love isn't there yet .

    In English, there is a clear difference between some or most banks vs all banks. So VTB is still obtaining Chinese assistance but not from all banks. I hope you understand this.
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    Post  max steel on Thu Jun 18, 2015 10:23 pm

    In article he mentioned most( i means maximum of them ) of the Chinese banks are reluctant to porvide fianance to both VTB and Sberbank . Moreover Frenchies have frozen the accounts of Russian companies operated by the French subsidiary of VTB . Diplomatic accounts were briefly frozen as well, but have since been unlocked. “As of this morning [diplomatic accounts] were unfrozen… The sums are small, some dozens of thousands of euros, [but] Russian companies' accounts are still frozen,”



    What are your thoughts on this article then ?

    Russia's Recession Intensifies And Likely To Get Worse No



    Russia’s latest economic data isn’t pretty. It’s actually confirmed that the recession there has intensified.

    May sector data was mixed, but came in more negative than positive. Investment-production (IP) indicators deteriorated in May, for instance. Industrial production declined 5.5% year over year and investment fell by 7.6% yearly, both worse than consensus forecasts.

    To gain perspective, during the 2008-09 and the 1998-99 recessions, IP declines peaked at around -15%. Investment decline peaked at -25% in 2009. While the intensity of declines in investment during this recession may be milder, there may be more downside risk to growth during this recession, Barclays Capital warned on Thursday.

    On the plus side, consumer demand improved in May after falling sharply in April. In absolute terms, real wages and retail sales fell 7.3% and 9.2%, respectively, in May, which is still better than April’s print.

    The severe declines exceed those in 2008-09, although they are less than the declines in 1998-99. The fall in consumer demand this year could be greater in the Russian Recession than they were in the Great Recession of 2008-09 when it fell a total of 8 percentage points.


    Second quarter indicators all confirm the recession is intensifying, Barclays Capital analyst Daniel Hewitt said in a note today. They maintain their below consensus forecast of -4% GDP this year.

    http://www.forbes.com/sites/kenrapoza/2015/06/18/russias-recession-intensifies-as-consumer-spending-worse-than-2009-09-crisis/
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    Post  PapaDragon on Thu Jun 18, 2015 10:39 pm

    max steel wrote:............................................

    You didn't get write's point . Russia's largest bank VTB is not getting any finance help from China after sanctions as Chinese banks are not keen in putting themselves in any trouble . All that China-Russia love being talked about is nothing but a smoke mirror . China is dealing in only those projects with Russia where it helps China . Russia's desperate and late effort to pivot away from Europe is an advantage for China . Writer might have exaggerated it , as Russian banks have released Yuan denominated bonds . But what I want to say is China is walking cautiously . So called love isn't there yet .

    This is not about love and never will be. This is about money.

    Do USA, EU, Japan, etc cooperate because of love?

    China prefers those projects with Russia where it helps China. Russia naturally prefers those projects with China that benefit Russia.

    VTB Bank COs will just have to get their heads out of their asses and do better job from now on. Banks are supposed to borrow money TO OTHERS not to borrow money FROM OTHERS.
    Even economy noob like me knows that...
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    Post  sepheronx on Thu Jun 18, 2015 10:56 pm

    max steel wrote:In article he mentioned most( i means maximum of them ) of the Chinese banks are reluctant to porvide fianance to both VTB and Sberbank . Moreover Frenchies have frozen the accounts of Russian companies operated by the French subsidiary of VTB . Diplomatic accounts were briefly frozen as well, but have since been unlocked. “As of this morning [diplomatic accounts] were unfrozen… The sums are small, some dozens of thousands of euros, [but] Russian companies' accounts are still frozen,”



    What are your thoughts on this article then ?

     Russia's Recession Intensifies And Likely To Get Worse No



    Russia’s latest economic data isn’t pretty. It’s actually confirmed that the recession there has intensified.

    May sector data was mixed, but came in more negative than positive. Investment-production (IP) indicators deteriorated in May, for instance. Industrial production declined 5.5% year over year and investment fell by 7.6% yearly, both worse than consensus forecasts.

    To gain perspective, during the 2008-09 and the 1998-99 recessions, IP declines peaked at around -15%. Investment decline peaked at -25% in 2009. While the intensity of declines in investment during this recession may be milder, there may be more downside risk to growth during this recession, Barclays Capital warned on Thursday.

    On the plus side, consumer demand improved in May after falling sharply in April. In absolute terms, real wages and retail sales fell 7.3% and 9.2%, respectively, in May, which is still better than April’s print.

    The severe declines exceed those in 2008-09, although they are less than the declines in 1998-99. The fall in consumer demand this year could be greater in the Russian Recession than they were in the Great Recession of 2008-09 when it fell a total of 8 percentage points.


    Second quarter indicators all confirm the recession is intensifying, Barclays Capital analyst Daniel Hewitt said in a note today. They maintain their below consensus forecast of -4% GDP this year.

    http://www.forbes.com/sites/kenrapoza/2015/06/18/russias-recession-intensifies-as-consumer-spending-worse-than-2009-09-crisis/

    And yet Sberbank says differently where worst is over. Trust a foreign entity over domestic?

    But let me entertain you for a moment: first, forbs been none stop predicting Russias downfall for years and been wrong. Second, foreign investments in Russia is down of course, no doubt about that. But domestic investments are up, over 2.2% than before. As well, industrial output fell entirely of automotive while metallurgical and other industrial has increased thanks to import substitution.

    As well, once again, most does not equal all. I know my english very well thank you, and I read the article. Did you know sberbank is handing out bonds in yuans? How do you suppose they got those?

    Also, freezing of foreign assets has nothing to do with this and Russia can easily retaliate over this.
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    Post  max steel on Thu Jun 18, 2015 11:06 pm

    I don't trust Forbes but they no longer write stuff . People having expertise in respective fields contribute on Forbes by writing articles on different stuff . This guy writes logically and sensibly on China Economy beating all that western captive press hype of chinese collapse meme .


    That's why i posted his stuff on Russia just to confirm whether things are right or not .
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    Post  sepheronx on Thu Jun 18, 2015 11:10 pm

    max steel wrote:I don't trust Forbes but they no longer write stuff . People having expertise in respective fields contribute on Forbes by writing articles on different stuff . This guy writes logically and sensibly on China Economy beating all that western captive press hype of chinese collapse meme .


    That's why i posted his stuff on Russia just to confirm whether things are right or not .  

    They are not perfect but do able. Sberbank mentioned that they cannot replace west with east in credit, but will do what is needed for their own cause.

    In the end, brics, aiib and rest will do wonders for Russia once started.
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    Post  Vann7 on Fri Jun 19, 2015 12:19 am

    max steel wrote:I don't trust Forbes but they no longer write stuff . People having expertise in respective fields contribute on Forbes by writing articles on different stuff . This guy writes logically and sensibly on China Economy beating all that western captive press hype of chinese collapse meme .


    That's why i posted his stuff on Russia just to confirm whether things are right or not .  

    Russia central bank told in December 2014 , that 2015 recession ,2016 possible economic growth
    .. what forbes do?  They focus in 2015 one quarter..but no mention how economy improve end
    of 2015.. their job is to mislead people with temporary data..  

    Kudrin again saying Economic growth difficult with sanctions in place..



    what an idiot ,the bastard does not care about Russia Sovereignty and Independence ,neither
    care about Russia or NATO having military bases near Russia, or the fate of millions of Pro Russian Ukrainians being bombed at Russian borders ,neither care about future of Russia as independent nation..  He only cares as Russia cooperating
    with the western colonies controlled by Americans.. in doing as they told. So we can get stupid sanctions away.
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    Post  sepheronx on Fri Jun 19, 2015 12:53 am

    What I never understood about various news agencies, articles like these and even members here or anywhere is that we have a living example of a nation under heavy sanctions for the last 30 years, and they managed to stay together, expand, develop and even devote to their own people - Iran.

    So why do so many idiots here on this website, and so many others on other sites and even agencies think that what made Iran stronger, is going to break Russia apart and cause chaos, havoc and what not?
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    Post  PapaDragon on Fri Jun 19, 2015 4:04 pm

    Legendary Investor Jim Rogers: 'Russia has Changed, Russia is Rising, I’m Investing' (Audio)

    Jim Rogers explains why he’s bullish on Russia

       “I was bearish on Russia for forty-seven years, and the last couple of years Russia has changed, so I’m changing.”


    http://russia-insider.com/en/legendary-investor-jim-rogers-russia-has-changed-russia-rising-im-investing/ri8155

    https://soundcloud.com/radiosputnik/saint-petersburg-international-economic-forum-jim-rogers

    June 19 (Sputnik) - Despite the Western efforts to discourage investors from participating in the St. Petersburg Economic Forum, the affair is in full swing. Jim Rogers, legendary investor and chairman of Beeland Interests, is in attendance, and he told Radio Sputnik that the Russian economy may be the most promising market for fellow investors.

    “Well, it’s gonna change the world,” Rogers says when asked about the role of the BRICS Bank. “You know, the world has been dominated by IMF, World Bank, and other American-controlled institutions, and that’s never good, that only one players in charge of everything. So now we’re going to have competition…

    “This will be very good for the world,” he adds.

    Speaking with Radio Sputnik, Rogers notes how the United States economic actions are driving other together, in particular Russia and China. In the long-term, that new economic alliance can only hurt the US, as it continues to impose unfair sanctions.

    https://soundcloud.com/radiosputnik/saint-petersburg-international-economic-forum-jim-rogers

    “I suspect even Japan, eventually, will be closer and closer to Russia, just because they need to. That’s where the transportation will be, that’s where the natural resources are,” he says. “Go east, don’t go west.”

    “Putin is trying to encourage people to invest in the stock market. The more of that, the better.”

    Part of Russia’s strength comes from its natural resources, and not only in oil and natural gas, but also in even more essential resources, like water and timber.

    “You do have a lot of water [in Russia], which also means you have the potential for agriculture, which means you have the potential for many many industries which are going to be important in the future.”

    Rogers also expresses his support for the Trans-Pacific Partnership deal, saying he supports all open and free trade agreements.

    “Any opening of trade and opening up and freeing of trade is good for everybody.”

    He did, however, express misgivings about the way the Obama administration has gone about promoting the TPP deal.

    “Unfortunately, for some reason, the Trans-Pacific Partnership, they won’t tell us what’s in it. America’s supposed to be this open and transparent democracy, and here they are passing a bill where they won’t even tell the people who are voting for it what’s in it.

    “Which is peculiar and worrisome to me as an American citizen…” he adds.

    When asked specifically about what investments to watch for in the future, Rogers offered sage advice.

    “I was bearish on Russia for forty-seven years, and the last couple of years Russia has changed, so I’m changing,” he said.

    “If you can invest in change, and you buy it at a good price, you’re probably going to make a lot of money.”

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