https://southfront.org/eu-china-russia-establish-new-payment-system-with-iran-to-trade-despite-us-sanctions/
+39
medo
magnumcromagnon
Isos
Neutrality
Firebird
william.boutros
Hole
wilhelm
Godric
dino00
ATLASCUB
Admin
Big_Gazza
littlerabbit
Arrow
Nibiru
JohninMK
ZoA
PapaDragon
George1
miketheterrible
kvs
getoverit
Vann7
Hannibal Barca
KomissarBojanchev
Singular_Transform
Project Canada
AlfaT8
GunshipDemocracy
par far
GarryB
Regular
Austin
andalusia
Kimppis
franco
TheArmenian
flamming_python
43 posters
Russian Economy General News: #9
par far- Posts : 3494
Points : 3739
Join date : 2014-06-26
- Post n°601
Re: Russian Economy General News: #9
"EU, CHINA, RUSSIA ESTABLISH NEW PAYMENT SYSTEM WITH IRAN TO TRADE DESPITE US SANCTIONS."
https://southfront.org/eu-china-russia-establish-new-payment-system-with-iran-to-trade-despite-us-sanctions/
https://southfront.org/eu-china-russia-establish-new-payment-system-with-iran-to-trade-despite-us-sanctions/
dino00- Posts : 1677
Points : 1714
Join date : 2012-10-12
Age : 37
Location : portugal
- Post n°602
Re: Russian Economy General News: #9
Fitch Forecast For Russian GDP Growth In 2018 Up To 2% From 1.8%
https://www.urdupoint.com/en/world/fitch-forecast-for-russian-gdp-growth-in-2018-440298.html
https://www.urdupoint.com/en/world/fitch-forecast-for-russian-gdp-growth-in-2018-440298.html
Hole- Posts : 11056
Points : 11036
Join date : 2018-03-24
Age : 48
Location : Scholzistan
- Post n°603
Re: Russian Economy General News: #9
Fitch, a very good source. One of this companies that brought us the financial breakdown in 2008.
PapaDragon- Posts : 13438
Points : 13478
Join date : 2015-04-26
Location : Fort Evil, Serbia
- Post n°604
Re: Russian Economy General News: #9
par far wrote:"EU, CHINA, RUSSIA ESTABLISH NEW PAYMENT SYSTEM WITH IRAN TO TRADE DESPITE US SANCTIONS."
https://southfront.org/eu-china-russia-establish-new-payment-system-with-iran-to-trade-despite-us-sanctions/
EU going off-script here
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°605
Re: Russian Economy General News: #9
The ruble's share in the settlements with some EAEC countries with Russia exceeds 70%
MOSCOW, September 25 (Itar-Tass) - RIA Novosti. The share of the ruble in bilateral calculations of certain countries of the EAES with Russia exceeds 70%, the CBR seeks to create conditions for increasing this share in trilateral and more complex settlements, said the first deputy chairman of the Central Bank, Ksenia Yudaeva, at a meeting of the Duma's financial market committee.
"The role of the ruble is growing in principle in the space of the Eurasian Union, the share of the ruble in settlements with individual countries exceeds 70%, especially in bilateral settlements with Russia, and we are striving for the share to grow not only in bilateral settlements but also in tripartite and more complex" , - said Yudaeva.
According to her, the regulator is actively working with the Ministry of Finance to simplify procedures for opening ruble correspondent accounts. For foreign banks will be an incentive to use the ruble in the calculations, said Yudaeva.
The Eurasian Economic Union (ЕАЭС) is created on the basis of the Customs Union and the Single Economic Space and is effective from January 1, 2015. The members of the EAEC are Armenia, Belarus, Kazakhstan, Russia and Kyrgyzstan.
https://ria.ru/economy/20180925/1529301988.html
GarryB- Posts : 40229
Points : 40729
Join date : 2010-03-30
Location : New Zealand
- Post n°606
Re: Russian Economy General News: #9
EU going off-script here
Well with the US being so erratic... they probably prefer an alternative for themselves for international trade...
Austin- Posts : 7617
Points : 8014
Join date : 2010-05-08
Location : India
- Post n°607
Re: Russian Economy General News: #9
The Cabinet of the Russian Federation will allocate not less than 10 trillion rubles for five years on support of small business
In addition, it is planned to increase the number of employed in the sphere of small and medium-sized businesses, including individual entrepreneurs, to 25 million people
https://tass.ru/ekonomika/5610046
In addition, it is planned to increase the number of employed in the sphere of small and medium-sized businesses, including individual entrepreneurs, to 25 million people
https://tass.ru/ekonomika/5610046
MOSCOW, September 27. / TASS /. The Government of the Russian Federation plans to increase the volume of financial support for small and medium-sized businesses by means of non-bank instruments to an amount not less than 10 trillion rubles within five years. This is stated in the main activities of the Russian government for the period until 2024.
"By 2024, it is planned to achieve, in particular, the following indicators: a multiple increase in the volume of financial support for small and medium-sized businesses in the framework of the National Guarantee System, the microfinance system, preferential lending programs for projects in priority sectors and other alternative (non-bank) instruments - not less than 10 trillion rubles for five years, "- said in a published document.
In addition, it is planned to increase the number of employed in the sphere of small and medium-sized businesses, including individual entrepreneurs, to 25 million people.
"The share of exporters who are subjects of small and medium-sized business, including individual entrepreneurs, is at least 10% in the total volume of non-primary exports." Reducing the area of state land plots not involved in economic turnover by 50% (relative to 2012), " noted in the government.
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°608
Re: Russian Economy General News: #9
Austin wrote:The Cabinet of the Russian Federation will allocate not less than 10 trillion rubles for five years on support of small business
In addition, it is planned to increase the number of employed in the sphere of small and medium-sized businesses, including individual entrepreneurs, to 25 million people
Good to hear. SME usually employs most of population and is very flexible. also becaus can bankrupt and re-start many times without thousands of corpo people helpless outside office.
And now Ladies && Gents: buwahaha Kudrin ask to soften budget rule To helpyou got fun here: budget rule that CBR has to put all profits from selling crue into reserves if price per barrel is more 40$.
So he goes against hardline liberalism because of "his modesty and dissertation" . Damn his ego can even help Russia.
https://tass.ru/ekonomika/5612123
The head of the Accounting Chamber is sure that the new approaches outlined in
his doctoral dissertation
will be more effective for the budget
Kudrin's suggestions
In particular, his dissertation notes that for the years 2019-2020 the already adopted budget rule can be implemented, "softened" by raising the base price of oil to $ 45 per barrel (at constant prices) and increasing marginal costs by 0.5% GDP with a similar increase in the primary deficit, which is proposed to be covered by proceeds from privatization in the amount of 0.1-0.2% of GDP and in the remainder due to government borrowing.
Beginning in 2021, it is possible to move on to a new model of the budget rule, in which the federal budget expenditures (both planned and actual) should be limited to the sum of the non-oil-gas revenues and oil and gas revenues cleared from cyclical fluctuations of economic development at the cut-off price level, as well as expenditures on servicing the public debt (not more than 1% of GDP) and the allowed amount of the primary deficit (no more than 0.5% of GDP).
After 2024, to ensure a long-term balance of the federal budget, it is possible to tighten the budget rule by switching to a zero primary or even a general deficit within the five-year period. If the incomes or the need to increase expenditures for countercyclical support of the economy are not achieved, it will be possible to temporarily raise the deficit under an obligation to repay it within the next four years.
George1- Posts : 18473
Points : 18974
Join date : 2011-12-22
Location : Greece
- Post n°609
Re: Russian Economy General News: #9
Draft federal budget for 2019-2021 submitted to Russia’s lower house of parliament
Federal budget revenue is planned at 19.969 trillion rubles ($303 bln) in 2019, 20.219 trillion rubles ($307 bln) in 2020, and 20.978 trillion rubles ($319 bln) in 2021
MOSCOW, September 29. /TASS/. The draft federal budget for 2019 and the planned period of 2020-2021 has been submitted to Russia’s State Duma (lower house of parliament) in print, TASS correspondent reports.
Federal budget revenue is planned at 19.969 trillion rubles ($303 bln) in 2019, 20.219 trillion rubles ($307 bln) in 2020, and 20.978 trillion rubles ($319 bln) in 2021, according to the document.
Budget spending will amount to 18.037 trillion rubles ($274 bln) in 2019, 18.994 trillion rubles ($289 bln) in 2020, and 20.026 trillion rubles ($304 bln) in 2021.
The surplus of Russia’s federal budget will be 1.932 trillion rubles ($29.4 bln) in 2019, 1.22 trillion rubles ($18.5 bln) in 2020, and 0.95 trillion rubles ($14 bln) in 2021.
A special meeting of the Duma’s Council on the draft budget is expected on October 1.
The lower house plans to consider the draft federal budget and related bills in the first reading on October 24, in the second reading on November 14 and in the third reading on November 20.
More:
http://tass.com/economy/1023618
Federal budget revenue is planned at 19.969 trillion rubles ($303 bln) in 2019, 20.219 trillion rubles ($307 bln) in 2020, and 20.978 trillion rubles ($319 bln) in 2021
MOSCOW, September 29. /TASS/. The draft federal budget for 2019 and the planned period of 2020-2021 has been submitted to Russia’s State Duma (lower house of parliament) in print, TASS correspondent reports.
Federal budget revenue is planned at 19.969 trillion rubles ($303 bln) in 2019, 20.219 trillion rubles ($307 bln) in 2020, and 20.978 trillion rubles ($319 bln) in 2021, according to the document.
Budget spending will amount to 18.037 trillion rubles ($274 bln) in 2019, 18.994 trillion rubles ($289 bln) in 2020, and 20.026 trillion rubles ($304 bln) in 2021.
The surplus of Russia’s federal budget will be 1.932 trillion rubles ($29.4 bln) in 2019, 1.22 trillion rubles ($18.5 bln) in 2020, and 0.95 trillion rubles ($14 bln) in 2021.
A special meeting of the Duma’s Council on the draft budget is expected on October 1.
The lower house plans to consider the draft federal budget and related bills in the first reading on October 24, in the second reading on November 14 and in the third reading on November 20.
More:
http://tass.com/economy/1023618
flamming_python- Posts : 9483
Points : 9543
Join date : 2012-01-30
- Post n°610
Re: Russian Economy General News: #9
GunshipDemocracy wrote:miketheterrible wrote:Very good. This will force them to bring money back to the country, plus these businesses do get a cut in terms of the profit in the end anyway.
Bielousov? her is Putin's man. First move was to make agitation. He said that most of big companies (read: oligarchs) get enormous money from factors independent form them. All liberast block/press startes wailing - it is not happening this is an assault on private property, what "investors" will say (magic word investor here). Of course things like controlled devaluation and high crude prices had nothing to do with govt policy and Putin's talks with Sauds. Meeh
I am sure this wasn't original plan because only couple days later Bielousov suggested a new plan to talk with "Belousiv's list" companies on jint artnrship andco-finacign govts priority projects. mainly in infrastructure. The fun is that project must be approved and costs by govt and most of them are not owned by oligarchs but they have license like 20 years or so to use it...
Then instead of 500mlns rubles they "voluntarily agreed" to invest 7,1 trillion in projects.
You hear the one about the Chinese Godfather?
He made him an offer he couldn't understand
Hole- Posts : 11056
Points : 11036
Join date : 2018-03-24
Age : 48
Location : Scholzistan
- Post n°611
Re: Russian Economy General News: #9
Cheap joke.
Neutrality- Posts : 888
Points : 906
Join date : 2015-05-02
- Post n°612
Re: Russian Economy General News: #9
Personally I'm excited about the Moscow-Kazan high speed rail. This project should get priority above all other projects, including the bridge to Sakhalin. The high speed railway will interconnect several regions and provide an immediate boost to the GDP (I have read an in depth analysis), it's going to employ a ton of people on top of that.
The Sakhalin bridge is needed too ofcourse but compared to this one, it should be put as a secondary objective.
The Sakhalin bridge is needed too ofcourse but compared to this one, it should be put as a secondary objective.
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°613
Re: Russian Economy General News: #9
@Flaming
Infrastructure is always a good thing. Nobody can transfer it to offshore account
https://tass.ru/ekonomika/5597657
Neutrality wrote:Personally I'm excited about the Moscow-Kazan high speed rail. This project should get priority above all other projects, including the bridge to Sakhalin. The high speed railway will interconnect several regions and provide an immediate boost to the GDP (I have read an in depth analysis), it's going to employ a ton of people on top of that.
Infrastructure is always a good thing. Nobody can transfer it to offshore account
Metallurgists estimated losses from existing infrastructure restrictions at 500 billion rubles
"Half a trillion rubles may lose Russian steel companies in the next five years if infrastructure constraints remain unheeded and initiatives are approved without corrections proposed by the association," the Russian Steel said in a statement. This amount is two-thirds of all investments in the steel industry over the past five years, the association notes.
"These funds metallurgists could invest in new capacity, the best available technologies, including environmental, innovation and infrastructure projects that the country needs and create new jobs," the statement said.
https://tass.ru/ekonomika/5597657
Austin- Posts : 7617
Points : 8014
Join date : 2010-05-08
Location : India
- Post n°614
Re: Russian Economy General News: #9
US could use Navy for ‘blockade’ to hamper Russian energy exports – Interior Secretary
US could use its Navy to prevent Russia’s potential energy supplies to the Middle East, Internal Secretary Ryan Zinke said, Washington Examiner reports. The blockade would actually mean an “act of war,” Russian Senator fired back.
Zinke alleged that Russia’s engagement in Syria – notably, where it is operating at the invitation of the legitimate government – is a pretext to explore new energy markets.
"I believe the reason they are in the Middle East is they want to broker energy just like they do in eastern Europe, the southern belly of Europe,” he has reportedly said.
And, according to to the official, there are ways and means to tackle it.
"The United States has that ability, with our Navy, to make sure the sea lanes are open, and, if necessary, to blockade ... to make sure that their energy does not go to market," he said.
Zinke was addressing the attendees of the event hosted by the Consumer Energy Alliance, a non-profit group which styles itself as the “voice of the energy consumer” in the US. He went to compare Washington's approaches to dealing with Russia and Iran, noting that they are effectively the same.
"The economic option on Iran and Russia is, more or less, leveraging and replacing fuels,” he said, while referring to Russia as a “one trick pony” with an economy dependent on fossil fuels.
Zinke’s statements provoked an angry response from Moscow, which equated a potential maritime blockade to an “act of war,” while calling the internal secretary’s assumptions “nonsense.”
“A US blockade of Russia would be equal to a declaration of war under international law,” Russian Senator Aleksey Pushkov said, commenting on Zinke’s words. Russia does not currently export any energy to the Middle East, which itself is a major oil exporting region. The whole idea is an “absolute nonsense,” the Senator argued.
The comment from the US Interior Secretary come as Trump administration has been on a mission to boost the export of its liquefied natural gas to Europe, replacing Russia, the far cheaper option for European consumers. For that effect, the Trump administration officials, including US President Donald Trump himself, try to persuade Germany to pull out of the “inappropriate” Nord Stream 2 pipeline project, which according to Trump, made Berlin Moscow’s “captive.”
miketheterrible- Posts : 7383
Points : 7341
Join date : 2016-11-06
- Post n°615
Re: Russian Economy General News: #9
I read that hilarious shit
They won't do it without risk of getting their vessels rammed or sunk.
No wonder though they have zero idea how to deal with Russia. They can't even get the basic understanding of Russia's economics correct. Either willfully ignorant because they know they have zero leverage over Russia, or they really are this stupid
They won't do it without risk of getting their vessels rammed or sunk.
No wonder though they have zero idea how to deal with Russia. They can't even get the basic understanding of Russia's economics correct. Either willfully ignorant because they know they have zero leverage over Russia, or they really are this stupid
PapaDragon- Posts : 13438
Points : 13478
Join date : 2015-04-26
Location : Fort Evil, Serbia
- Post n°616
Re: Russian Economy General News: #9
So where and when is the christening ceremony for USS Coral Reef?
Some people... seriously...
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°617
Re: Russian Economy General News: #9
US could use its Navy to prevent Russia’s potential energy supplies to the Middle East, Internal Secretary Ryan Zinke said
Thanks Austin, It made my day. so first brain dead low rank moron responsible to Hawaiian and Alaskan resources says thet Russia wants to export oil to Saudi Arabia and Iran?
The United States Department of the Interior (DOI) is the United States federal executive department of the U.S. government responsible for the management and conservation of most federal lands and natural resources, and the administration of programs relating to Native Americans, Alaska Natives, Native Hawaiians, territorial affairs, and insular areas of the United States
after wiki
Zinke alleged that Russia’s engagement in Syria – notably, where it is operating at the invitation of the legitimate government – is a pretext to explore new energy markets.
No no not president, not senate but low rank moron starts now nuclear war aka WW3? [/quote]
Hole- Posts : 11056
Points : 11036
Join date : 2018-03-24
Age : 48
Location : Scholzistan
- Post n°618
Re: Russian Economy General News: #9
Would be interesting to see how the ami Navy is blocking pipelines (the main means of of Russia for exporting "energy") from working.
I fear this guys are really that stupid.
I fear this guys are really that stupid.
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°619
Re: Russian Economy General News: #9
Hole wrote:Would be interesting to see how the ami Navy is blocking pipelines (the main means of of Russia for exporting "energy") from working.
Meh this would be actually the easiest task! Imagine how easy is to block a pipe pumping crud from Russia to Saudis! You dont need to do much because such will never exist but stil can say we have effectively blocked
I fear this guys are really that stupid.
This guy is moron but imagine how stupid his audience must be that they want to listen to him
A messenger to Putin?
Prince of Kent visits Russia contrary to the ban of the royal family, media writes
https://ria.ru/politics/20180930/1529660596.html?referrer_block=index_main_4
GarryB- Posts : 40229
Points : 40729
Join date : 2010-03-30
Location : New Zealand
- Post n°620
Re: Russian Economy General News: #9
Funny thing is that last time they used a blockade against a serious power was Japan... it resulted in the Japanese defending their rights with Pre Emptive Self Defence... an attack on Pearl Harbour...
It could of course be argued that they first attacked Mongolia but were driven back by the Soviets so they next looked south for oil and resources...
It could of course be argued that they first attacked Mongolia but were driven back by the Soviets so they next looked south for oil and resources...
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°621
Re: Russian Economy General News: #9
GarryB wrote:Funny thing is that last time they used a blockade against a serious power was Japan... it resulted in the Japanese defending their rights with Pre Emptive Self Defence... an attack on Pearl Harbour...
It could of course be argued that they first attacked Mongolia but were driven back by the Soviets so they next looked south for oil and resources...
Blockade is an equivalent to declaration of war. Nobody in era of MAD is going to propose this against Russia.
Right, Russia, energy. To build a "pipe" from Iran to India
https://ria.ru/authors/20181001/1529637616.html
The Russian Federation in general and the semi-state Russian "Gazprom" in particular are very "very good" here. If only because it is the Russian Gazprom, which, as you know, implements the “pipeline concept” in the first place, in 2017 signed memorandums with Iran on the possibility of participating in the development of the four largest gas fields in the country. Namely, the Farzad-A, Farzad-B, North Pars and Kish deposits.
+++
A year ago, Russian President Vladimir Putin visited Iran, where he met with President of the country Hassan Rouhani and President of Azerbaijan Ilham Aliyev. The rich harvest from this visit, of course, was first collected by Rosneft, which also signed the so-called “road map” about investments in local oil and gas fields there. But Gazprom did not stand aside either.
The latter had already expressed his willingness to participate in the project to build a gas pipe: experience already exists. Through Pakistan and to India. At the same time, the Russian giant expressed interest in developing, first of all, the four fields that were still owned by the Iranian company. What is clear: the American sanctions, which form political risks in the implementation of the project, unlike the Indians who want to be friends with everyone, do not worry about Gazprom, it’s under them anyway. And the profitability of projects promises to be very high: the markets of the Indian subcontinent are very capacious, and the demand for blue fuel there only promises to increase.
+++
And a document was signed that, quoting the official report of the Ministry of Energy of Russia, "involves the provision of comprehensive support to the offshore pipeline project, through which gas from fields in Iran will be supplied to consumers in Pakistan and India. The memorandum provides for the definition of authorized organizations through which support will be provided project, including in the development of a feasibility study - determining the resource base, configuration and route of the pipeline. "
There is no need to translate from bureaucratic to Russian, the main thing is clear and so. This is no longer just a “protocol of intent”, it is the beginning of a specific project specification and the beginning of work. "Roadmap", so to speak.
+++
What, in fact, speech. About the IPI pipeline (Iran - Pakistan - India) with a length of over two thousand kilometers, with an "Iranian section" of 1200 kilometers and a capacity of up to 22 billion cubic meters per year with the possibility of further increase. The total cost of construction last year was estimated at seven and a half billion dollars (here, of course, various adjustments and clarifications are possible). Apparently, the parties, assessing the risks and taking into account the experience of Russia, chose the maritime option as the most reliable route. At the same time, the Russian Energy Ministry is clearly considering a "Pakistani memorandum" including as a kind of accelerator for talks with India. But the Iranian fields located on the shelf of the Persian Gulf can become the resource base of the project.
+++
By the way, Gazprom considers not only the Iran-Pakistan-India gas pipeline project, but also the Iran LNG LNG plant project, which also intends to take a very active part in its construction, as possible instruments for monetization of Persian gas.
miketheterrible- Posts : 7383
Points : 7341
Join date : 2016-11-06
- Post n°622
Re: Russian Economy General News: #9
Russia knows that everyone is wanting to diversify supply, so what better way to obtain the diversification funds than to invest and Co own various oil and gas projects that would be otherwise called a competitor to Russia?
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°623
Re: Russian Economy General News: #9
miketheterrible wrote:Russia knows that everyone is wanting to diversify supply, so what better way to obtain the diversification funds than to invest and Co own various oil and gas projects that would be otherwise called a competitor to Russia?
indeed then potential completion is actually cooperation on the same project.
Dmitry Anatolevitch was it you or journo fucked something? all of below makes up less then 15 blns $. What makes up remaining 235blns?! VBTW whaat dollars? do t you knowthat Russian currency is rubles?!
The government plans to increase the export of non-commodity non-energy goods to $ 250 billion
According to the relevant project, we are talking about deadlines until 2024
MOSCOW, October 1. / Tass /. The Russian government plans to reach $ 250 billion in export of non-primary non-energy goods by 2024. This is stated in the text of the draft of the Government's main activities for the period up to 2024 published on Monday.
The document, in particular, says that it is planned to ensure the level of exports of goods by industry: auto industry - up to $ 7.5 billion, civil aircraft construction - $ 4.42 billion, railway equipment - $ 1.22 billion, agricultural machinery - $ 0.42 billion.
https://tass.ru/ekonomika/5624352
GarryB- Posts : 40229
Points : 40729
Join date : 2010-03-30
Location : New Zealand
- Post n°624
Re: Russian Economy General News: #9
So they are expecting to sell 236.44 billion worth of S-400 and Su-35s and corvettes no doubt...
GunshipDemocracy- Posts : 6130
Points : 6150
Join date : 2015-05-17
Location : fishin on Stalin´s Strait between Mexico and Canada
- Post n°625
Re: Russian Economy General News: #9
GarryB wrote:So they are expecting to sell 236.44 billion worth of S-400 and Su-35s and corvettes no doubt...
now Im convinced they'll manage to do the job
Hyundai plant in St. Petersburg doubled exports in the first nine months of 2018
https://tass.ru/ekonomika/5628980
|
|