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    Russian Economy General News: #6

    sepheronx
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    Post  sepheronx Tue May 31, 2016 2:38 pm

    Austin wrote:German foreign minister: Nobody interested in Russian economic collapse

    http://tass.ru/en/world/879049

    I would be more weary of German economy crashing. Think of EU as modern Soviet Union, but with more artificial econ growth and QE.

    Germany lost massive sales to Russia due to sanctions. And with mixture of import substitution and alternative suppliers, Germany lost out.

    Germany relies on sales of heavy industrial equipment/products to Russia while Russia's resources were relied upon in Germany. Both are easily replaceable, but resources isn't as cheap nor being easier for transport to replace.
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    Post  GunshipDemocracy Tue May 31, 2016 3:41 pm

    Gref about the government of the Russian Federation: wanted as better, it turned out as always

    http://ria.ru/politics/20160531/1441174569.html

    "The President sets a goal, and a very proper purpose. Then they modify the government in the form of some plans, then they fall to the objectives of the ministries, then they go to the relevant departments and regions. And while it comes to execution, it is often, I am afraid that the President himself does not know how they performed, and it has nothing to do with the tasks that he has formulated. Here is the problem," — said the head of Sberbank.
    "We need to reform the management system to between what is said and executed, there was no gap (gap — ed)", — he said.


    Gref damn you, first time I agree with your words.



    Austin wrote:German foreign minister: Nobody interested in Russian economic collapse

    http://tass.ru/en/world/879049

    so bad that Russia is only kindling war in Ukraine and economy almost collapsed? US mastas ordered German FM said: Jawohl


    Sberbank in 2018 will complete the creation of a new IT platform

    РИА Новости http://ria.ru/economy/20160531/1441164369.html#ixzz4AEyDwXAc

    MOSCOW, may 31 — RIA Novosti. Sberbank at the end of 2018 will complete the creation of a new IT platform, the pearl of which will be the technology of the blockchain (the blockchain), it follows from the words of the head of the credit organization German Gref.
    At the end of 2018, Sberbank intends to complete the creation of the new platform, now there is a trial operation of its elements, next year will start commercial operation, said Gref in an interview with TV channel "Russia 24". "We are interested in all technologies that are somehow connected with finances. The most disruptive of these technologies is, of course, the technology of the blockchain," he said.
    "This so-called distribution technology, which allows you to perform a huge number of tasks, not even turning the help of anyone else. This technology does not allow to return back in any transactions, as a record of each of the operations within the network leads to a huge number of registrars. In order to return any operation, you need to do the unthinkable way back", — said the head of Sberbank.
    "This technology is in importance equal to the discovery of the Internet, it gives just megalocornea in banking, in particular. And in General in any industry it is applicable — and in industry, and in social assistance and in education, and in public service. In a huge number of industries," added Gref.
    "What we are doing now — our new platform will allow just radically improve all services. Our task is to make all you never needed to come to the Bank", he continued.
    "Today you go to the Bank, because we need your identification, we need your passport, your freedom of will. Technologies such as image recognition, voice recognition — they allow you to come to what we can recognize through a remote channel, via live, via a phone connection" — added the head of Sberbank.


    Russian bitcoins? wonder what is the real purpose
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    Post  max steel Tue May 31, 2016 10:05 pm

    The only risk American corporations face from doing business in Russia is from the US government. Washington will punish the US companies unless, of course, the companies are part of the corporate oligarchy which has been granted immunity to the sanctions.

    The risk involved is to Russia. Here are some of the risks:

    When a Russian company does business with an American one, the American firm obtains economic information about Russia which is given to the CIA.

    When the Russian Central Bank sells Russian bonds, Wall Street, acting for the CIA, can purchase the bonds and then dump them at inopportune times to embarrass Russia by driving down their price. The price decline will then become propaganda that Russia is failing and its bonds are worthless.

    When the Russian government allows the ruble to be traded in currency markets, the Russian government enables Washington to speculate against Russia’s currency and to drive down its value. The decline in the ruble is then reinforced by propaganda that the ruble is worthless.

    When the Russian government permits foreign investment, Washington can have the money pulled out of Russia at inopportune times and, thereby, destabilize the Russian economy.

    The Russian government should forget all about Washington’s sanctions. In fact the sanctions have helped Russia tremendously. Prior to the sanctions, Washington had Russia set up in the global economy as a Third World supplier of raw materials and dependent on foreign imports. This was Washington’s way of controlling Russia. As a result of sanctions, Russia has become more self-sufficient and focused on producing for its own needs instead of for the needs of the West.

    Rather than worrying about Washington’s sanctions, the Russian government should put sanctions on Russian companies for doing business with the US. In their activities abroad, American corporations are agents for the CIA, and they are agents in behalf of Washington’s policy of destabilizing Russia and China.

    To see the truth of this, look at the history of Latin America. Every reformist government in every Latin American country in which the US has a business presence has been destabilized and overthrown.

    Russia’s goal should be to insulate itself from the West, not integrate itself into the West. To be integrated into the West means to be a vassal state. Together Russia, China and India comprise by far the largest potential market in the world and also the largest geographical area.

    These three countries should focus on integrating their economies and insulate themselves against the West.

    Modern Monetary Theory, which is associated with outstanding economists such as Michael Hudson, makes it clear that countries should finance their infrastructure and any productive investment by creating money not debt. The use of government debt simply allows private banks to create the money, and the debt has to be serviced with interest paid to the banks, which drains the economy of spending power. Moreover, the debt can end up in hostile hands and be used to destabilize the economy.

    If Russia is going to allow the West to control its economy, it may as well allow Washington to control its armed forces.

    Unfortunately for the Russian government and the Russian people, Russia’s Central Bank and neoliberal economists are too naive and gullible to be able to protect Russia from destabilization. Until Russia finds much better economic advice, the country’s future remains uncertain.
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    Post  higurashihougi Wed Jun 01, 2016 7:31 am

    F*** the sanctions

    https://www.rt.com/business/344858-eib-brics-cooperation-/

    The European Investment Bank (EIB) is ready to sign a cooperation agreement with the BRICS’ New Development Bank, EIB President Werner Hoyer told RIA Novosti.
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    Post  sepheronx Thu Jun 02, 2016 4:21 am

    Interior Ministry – Starts import substitution
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    Post  Viktor Thu Jun 02, 2016 1:20 pm

    National oil exchange comming online in several months thumbsup

    Futures on Urals is planned to start in November Подробнее: http://www.vestifinance.ru/articles/71441
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    Post  GunshipDemocracy Thu Jun 02, 2016 5:50 pm

    Viktor wrote:National oil exchange comming online in several months  thumbsup

    Good beginning but it still will be listed in $? hope in time all 3will be traded in petro-Rubles






    higurashihougi wrote:F*** the sanctions
    The European Investment Bank (EIB) is ready to sign a cooperation agreement with the BRICS’ New Development Bank, EIB President Werner Hoyer told RIA Novosti.

    oh no no no! without sanctions no substitutions take place Twisted Evil

    PS. IMHO should be no BRICS, after whites soon will be expelled from SA bot taking into account population/education/gdp growth V if would start likr VIR economy can go viral Razz Razz Razz
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    Post  Singular_trafo Sat Jun 04, 2016 2:25 pm

    GunshipDemocracy wrote:

    Good beginning but it still will be listed in $? hope in time all 3will be traded in petro-Rubles

    Has 0 chance.

    The "Petro Dollar" exist beacause the US is willing to accept the burden of unemployment and decreased level of living for its own citizens for the international political benefits.

    Don't think that russia wants to go down that route again after having been the milking cow of the CCCP for half century.
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    Post  kvs Sat Jun 04, 2016 2:33 pm

    Singular_trafo wrote:
    GunshipDemocracy wrote:

    Good beginning but it still will be listed in $?  hope in time all 3will be traded in petro-Rubles

    Has 0 chance.

    The "Petro Dollar" exist beacause the US is willing to accept the burden of unemployment and decreased level of living for its own citizens for the international political benefits.

    Don't think that russia wants to go down that route again after having been the milking cow of the CCCP for half century.

    Utter BS. Extra-border demand for US dollars allows the Fed to print dollars like Pancho Villa without the consequences of
    domestic inflation. It is the best form of sterilization there is. And having a vital commodity like oil traded in dollars
    generates a steady demand for them. Of course there other sources of demand such as countries using dollars for their
    reserves.
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    Post  GunshipDemocracy Sat Jun 04, 2016 3:34 pm

    Singular_trafo wrote:
    GunshipDemocracy wrote:

    Good beginning but it still will be listed in $?  hope in time all 3will be traded in petro-Rubles

    Has 0 chance.

    The "Petro Dollar" exist beacause the US is willing to accept the burden of unemployment and decreased level of living for its own citizens for the international political benefits.

    Don't think that russia wants to go down that route again after having been the milking cow of the CCCP for half century.

    about chances - now little too much of US pressure. As for effect on Russia´s economy will be the opposite.  you have strong backing for your currency and little scum speculators as Sromosz cannot outweight whole natural commodities´ reserves of Russia/Arctic.

    In short you have backup of your currency, demand from outside world  and printing press...you decide about %...



    kvs wrote: Utter BS.  Extra-border demand for US dollars allows the Fed to print dollars like Pancho Villa without the consequences of domestic inflation.   It is the best form of sterilization there is.   And having a vital commodity like oil traded in dollars
    generates a steady demand for them.   Of course there other sources of demand such as countries using dollars for their
    reserves.

    well in short soldiers´words to the point, sir
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    Post  Austin Sat Jun 04, 2016 5:44 pm

    For 2 Anniversary of financial sanctions, digest and several graphs

    http://zhu-s.livejournal.com/387292.html
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    Post  Godric Sat Jun 04, 2016 11:50 pm

    Things not going as planned for Frau Merkel re TTIP negotiations had she have not whored herself and the EU to do America's bidding she could have had the deal a couple of years back when Vladimir Putin and Dimitry Medvedev proposed it 5 years ago

    http://en.news-front.info/2016/06/04/merkel-in-favor-of-rapprochement-of-eu-russia-economic-zones/

    Germany’s Federal Chancellor Angela Merkel has supported the intentions to set up a common economic zone on a space from Lisbon to Vladivostok.

    She said it on Friday in the town of Gustrow, the federal state of Mecklenburg-Western Pomerania, where the territorial branch of the Christian Democratic Union held a congress



    “I’m in favor of a gradual rapprochement between Russia and the European economic area so that we could get a common economic zone from Vladivostok to Lisbon in the final run,” she said.



    Merkel indicated along with it that the EU could not go back on its own principles in the wake of the situation in Ukraine and that is why it introduced the sanctions against Russia.



    She pointed out the importance of strict compliance with Minsk accords, the adoption of a Ukrainian law on local elections in Donbass and the provision of access to the borderline for the Ukrainian forces in the places where they do not have it.



    “When these conditions are fulfilled, there’ll be an opportunity to lift the sanctions immediately,” Merkel said.
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    Post  Austin Sun Jun 05, 2016 8:53 am

    Russia's Bad Relations With the West Makes Good Economic Sense

    http://russia-insider.com/en/business/why-bad-relations-west-are-good-russia/ri14790
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    Post  Singular_trafo Sun Jun 05, 2016 9:24 am

    GunshipDemocracy wrote:

    about chances - now little too much of US pressure. As for effect on Russia´s economy will be the opposite.  you have strong backing for your currency and little scum speculators as Sromosz cannot outweight whole natural commodities´ reserves of Russia/Arctic.

    In short you have backup of your currency, demand from outside world  and printing press...you decide about %...



    kvs wrote: Utter BS.  Extra-border demand for US dollars allows the Fed to print dollars like Pancho Villa without the consequences of domestic inflation.   It is the best form of sterilization there is.   And having a vital commodity like oil traded in dollars
    generates a steady demand for them.   Of course there other sources of demand such as countries using dollars for their
    reserves.

    well in short soldiers´words to the point, sir

    The "printing dollar" is an effect, not cause.

    The US goverment / elite allow to a country to export to the internal market of US.
    IT means increased unemployment in the US, because the US worker makes a shirt for hundred times more money than a bangladesh one, and makes opportunity to the US and Bangladesh financial/political elite.

    It makes support for the US foreign policy.

    Until 2004 it worked like a charm, because the US was way bigger economy than anything else around the world, but now it started to crack due to the increased weight of the non US economies.




    Now the current international order of US can be maintained by decreasing level of living in the US and slowing economy.



    Russia has a chance to export oil BECAUSE someone (US AND UK)willing to run financial surpluss/trade deficit .

    As soon as the US stop to do that the international oil/comodity market dramaticaly change/disapear.
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    Post  GunshipDemocracy Sun Jun 05, 2016 12:05 pm

    Singular_trafo wrote: The "printing dollar" is an effect, not cause.

    The US goverment / elite allow to a country to export to the internal market of US.
    IT means increased unemployment in the US, because the US worker makes a shirt for hundred times more money than a bangladesh one, and makes opportunity to the US  and Bangladesh financial/political elite.

    It makes support for the US foreign policy.

    No, sir. US forced using USD as reserve currency to export debt and Inflation and print, money backed by IOU letters only.
    True that for us elites avg murican is just a disposable asset.


    Singular_trafo wrote:
    Until 2004 it worked like a charm, because the US was way bigger economy than anything else around the world, but now it started o crack due to the increased  weight of the non US economies.

    No, money runnend out after looting USSR and eastern europe... and Putin stopped Russian disintegration and final phase of looting.

    Singular_trafo wrote:
    Now the current international order of US can be maintained by decreasing level of living in the US and slowing economy.

    Level never earned other way than looking and colonial wars, high time to make "market correction" . West simply hundreds of years live beyond their means keeping other down by military means. Thats why Putin contesting current model is a bogeyman for western kiddos.

    Singular_trafo wrote:
    Russia has a chance to export oil BECAUSE someone (US AND UK)willing to run financial surpluss/trade deficit .
    As soon as the US stop to do that the international oil/comodity market dramaticaly change/disapear.


    So in the world there are Russia, US and UK? then your reasoning is correct. Otherwise reasoning does not explain more complicated model. There are 7 billions of people, level of life in west in general is way to high comparing to what they produce. Now imagine when only in India/China level of consumption rises to 50% of this in west. Energy...not to mention food, materials, pollution. In the world there is way too little of everything to live on current level. Thus we bomb all around (western way of well being to keep everybody poor) or to build more less balanced world with better social climate - current Russian approach.

    There are 2 main risks now for uS to go down - total war and world economy collapse as is. First you need to build functional world non dollar based (yuan is first candidate, if backed by gold/oil ruble is too). Then switch gradually by cutting dollar off commodity trading - here is big potential for Russia.


    This also explains why Russia keeps western criminal regimes off own Arctic and resources.





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    Post  GunshipDemocracy Sun Jun 05, 2016 12:32 pm


    Rogozin: operation wind breaker? or what?


    MOSCOW, May 27th. / TASS /. Deputy Prime Minister Dmitry Rogozin on his page in Facebook said the words of the backlog in the space industry, which, in his opinion, were incorrectly transferred to the journalists.

    As explained by the Deputy Prime Minister, in his speech at the College of Industry and Trade, he was not referring to figures in the whole of the space industry, but only gap in labor productivity.

    "I said that in these our" ambitious "plans growth of labor productivity in the space industry, we Americans, of which this indicator is 9 times behind, not catching up ever," - explained Deputy Prime Minister.

    http://tass.ru/kosmos/3319638


    I wonder how Dima measured differences? so by 10xtimes less funding Roscosmos has has 90 times less output? What a Face







    Austin wrote:Russia's Bad Relations With the West Makes Good Economic Sense

    http://russia-insider.com/en/business/why-bad-relations-west-are-good-russia/ri14790

    actually west created this but looks like Uncle Vova was prepared in advance...Russia is too strong to bomb and too rich to let her live peacefully...confrontation never ends...


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    Post  Singular_trafo Sun Jun 05, 2016 1:13 pm

    GunshipDemocracy wrote:

    No, sir. US forced using USD as reserve currency to export debt and Inflation and print, money backed by IOU letters only.
    True that for us elites avg murican is just a disposable asset.






    https://en.wikipedia.org/wiki/List_of_sovereign_states_by_current_account_balance


    Quite visible the list of Eurozone countries forced to mop up the German trade surpluss, and the US/UK as the main defeict countries.

    The connection between the printing and trade deficit can be falsified easly, considering that example Zimbabve or Weimar Germany run a printing press,without experiencing any trade deficit - actualy both countries experienced hyperinflation.


    So the printing press inability to start inflation is a consequence.
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    Post  GunshipDemocracy Sun Jun 05, 2016 2:38 pm

    Singular_trafo wrote:
    GunshipDemocracy wrote:

    No, sir. US forced using USD as reserve currency to export debt and Inflation and print, money backed by IOU letters only.
    True that for us elites avg murican is just a disposable asset.






    https://en.wikipedia.org/wiki/List_of_sovereign_states_by_current_account_balance


    Quite visible the list of Eurozone countries forced to mop up the German trade surpluss, and the US/UK as the main defeict countries.

    The connection between the printing and trade deficit can be falsified easly, considering that example Zimbabve or Weimar Germany run a printing press,without experiencing any trade deficit - actualy both countries experienced hyperinflation.

    So the printing press inability to start inflation is a consequence.

    precisely ! US is Zimbabwe with rest of world buying their currency to put in plain. After IIww US forced others to use usd as currency for trading starting from commodities. wanna buy/sell? use our currency. and if we had deficit we print more and you buy more. But we buy your companies resources for this...

    Debt US is not ot be paid ever, I do not think they even consider paying with own means. thats why Ukraine, Syria, Libya...or NATO expansion, TPP to look for fresh money to drain... parasitic nations cannot live other way
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    Post  Singular_trafo Sun Jun 05, 2016 3:48 pm

    GunshipDemocracy wrote:
    Singular_trafo wrote:
    GunshipDemocracy wrote:

    No, sir. US forced using USD as reserve currency to export debt and Inflation and print, money backed by IOU letters only.
    True that for us elites avg murican is just a disposable asset.






    https://en.wikipedia.org/wiki/List_of_sovereign_states_by_current_account_balance


    Quite visible the list of Eurozone countries forced to mop up the German trade surpluss, and the US/UK as the main defeict countries.

    The connection between the printing and trade deficit can be falsified easly, considering that example Zimbabve or Weimar Germany run a printing press,without experiencing any trade deficit - actualy both countries experienced hyperinflation.

    So the printing press inability to start inflation is a consequence.

    precisely ! US is Zimbabwe with rest of world buying their currency to put in plain. After IIww US forced others to use usd as currency for trading starting from commodities. wanna buy/sell? use our currency. and if we had deficit we print more and you buy more. But we buy your companies resources for this...

    Debt US is not ot be paid ever, I do not think they even consider paying with own means. thats why Ukraine, Syria, Libya...or NATO expansion, TPP to look for fresh money to drain... parasitic nations cannot live other way
    One of the biggest customer of US debt is Russia,just make it clear.

    To ship the oil from russia to other countries does nothing else just make a small part fo population rich, and make it possible to buy million dollar houses in London.

    Otherwise the oil is killing the economy,and bad for the average russians.
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    Post  GunshipDemocracy Sun Jun 05, 2016 8:14 pm

    Singular_trafo wrote:
    One of the biggest customer of US debt is Russia,just make it clear.

    If being on 16th place and holding 1,36% of US liabilities in foreign hands is one of biggest then you´re right. Otherwise Russia gradually removes US from own path...

    http://ticdata.treasury.gov/Publish/mfh.txt



    Singular_trafo wrote: To ship the oil from russia to other countries does nothing else just make a small part fo population rich, and make it possible to buy million dollar houses in London.

    Otherwise the oil is killing the economy,and bad for the average russians.

    In case of 90s this was to be a ruling economy model. colonial statur ravaged by bunch of liberal criminals like khodorkowsky or Vth columnists like Kudrin. Vova changes this very slovely for many reasons. First of all Russia is not yet Independent, now is at own war for independence.


    As for oil. on the contrary oil is potential wealth for nation, only mentally colonized and xamsters and V column were interested in such state. Fiscal policy on top of this was killing any own industry. Oil is blessing for Russians as long as state enforces taxes and reinvests this stream of money...


    I presume earlier policy was so poor because Russia was not yet strong enough to cut it. First army must be strong. timing of Ukraine is also no accident. This was exactly to cut down development of Russia´s economy and to stop drifting towards independence by overthrowing Uncle Vova.

    I can see as an external observer: the situation is improving but independence is not a birth right must be fought on.
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    Post  Singular_trafo Sun Jun 05, 2016 8:53 pm

    GunshipDemocracy wrote:
    Singular_trafo wrote:
    One of the biggest customer of US debt is Russia,just make it clear.

    If being on 16th place and holding 1,36% of US liabilities in foreign hands is one of biggest then you´re right. Otherwise Russia gradually removes US from own path...

    http://ticdata.treasury.gov/Publish/mfh.txt



    Singular_trafo wrote: To ship the oil from russia to other countries does nothing else just make a small part fo population rich, and make it possible to buy million dollar houses in London.

    Otherwise the oil is killing the economy,and bad for the average russians.

    In case of 90s this was to be a ruling economy model. colonial statur ravaged by bunch of liberal criminals like khodorkowsky or Vth columnists like Kudrin. Vova changes this very slovely for many reasons. First of all Russia is not yet Independent, now is at own war for independence.


    As for oil. on the contrary oil is potential wealth for nation, only mentally colonized and xamsters and V column were interested in such state. Fiscal policy on top of this was killing any own industry. Oil is blessing for Russians as long as state enforces taxes and reinvests this stream of money...


    I presume earlier policy was so poor because Russia was not yet strong enough to cut it. First army must be strong. timing of Ukraine is also no accident. This was exactly to cut down development of Russia´s economy and to stop drifting towards independence by overthrowing Uncle Vova.

    I can see as an external observer: the situation is improving but independence is not a birth right must be fought on.

    The treasury holding account doesn't gives quantitive list, considering that example the Cayman Islands doesn't has enought trade to justify that high treasury holding : )

    Many of the Russian oligarch keeps they treasuries from the sales of Russian oli in London, Switzerland or Kayman islands.
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    Post  sepheronx Sun Jun 05, 2016 9:13 pm

    Private /= state.
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    Post  Rmf Sun Jun 05, 2016 10:26 pm

    sepheronx wrote:Gunship, don't be stupid. You know Kudrin has no authority and no Russian politician would agree to that. And he never said giving back Crimea, but said getting foreign investors from West back. And obviously there is only one way. But Kudrin has 0 authority anyway.

    Funny, what Kudrin is supporting is what put Russia into this current mess of over reliance in the west. While Kudrin looks to get easy money for growth, many get engineers. So his opinion is moot anyway.

    putin is keeping kudrin because, if you remove blind hatred, you would see hes trying to prove if you do good in your job and for the country, you wont be harmed even if you disagree with government
    economy did grow during kudrin times -fact.
    so hes commended and respected for that even if he says all those things he wont be touched.
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    Post  sepheronx Mon Jun 06, 2016 5:39 am

    Rmf wrote:
    sepheronx wrote:Gunship, don't be stupid. You know Kudrin has no authority and no Russian politician would agree to that. And he never said giving back Crimea, but said getting foreign investors from West back. And obviously there is only one way. But Kudrin has 0 authority anyway.

    Funny, what Kudrin is supporting is what put Russia into this current mess of over reliance in the west. While Kudrin looks to get easy money for growth, many get engineers. So his opinion is moot anyway.

    putin is keeping kudrin because, if you remove blind hatred, you would see hes trying to prove if you do good in your job and for the country, you wont be harmed even if you disagree with government
    economy did grow during kudrin times -fact.
    so hes commended and respected for that even if he says all those things he wont be touched.

    Take a look at how much oil and gas was worth when he was in power. He essentially did nothing but hide money away and relied heavily upon foreign investments. Now mind you, there isn't anything particularly wrong in that as it saves money that would otherwise have gone in investments and let others spend that money. But at that same token, lack of diversification happened and over reliance on foreign investments. If you compare India's growth vs Russia's at the time, India grew significantly more (lets put population matters aside) with about the same amount of FDI Russia is getting now. So in reality, FDI isn't a good method of diversification the economy, even though this is what he is pushing now.
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    Post  sepheronx Mon Jun 06, 2016 6:56 am

    70B Rubles in signed agreements for Crimea in Yalta
    Good times are in for Crimea. What makes this more interesting is the fact that countries who for some reason deemed Crimea’s return to Russia as illegal, are also involved in the investment agreements in Crimea. So really, who is actually isolated: Russia or Ukraine?

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