miketheterrible wrote:Of course Kudrin would end up going to the US for these meetings. He shouldn't be there, period. His job has NOTHING to do with economics. Just making sure budget money is spent correctly. I fucking hate this guys guts to the point I would be dancing if he was snuffed off.
But the rest of the article is fine I suppose. Although, these economic majors are complete and utter retards. They should have never moved an economy based upon FDI in the first place. It should have been entirely based upon its own resources like how China did it.
FDI in Russia has been at joke levels since before 1999. There is lots of talk about it and "capital flight" but that is full bore propaganda
BS since the western MSM and governments have spent 20 years scaring investors away from the Russian markets. By contrast, China
has been wallowing in "manna from Heaven" FDI since the early 1990s.
When Russian officials talk about FDI, they sound liked clueless idiots. No part of the Russian economy depends on FDI. And in fact,
most investment in Russia is portfolio capital that is both flighty and speculative. NATO morons think that Russia's economy is that
of an actual banana republic so every foreign dollar is precious. But that is merely delusion. Russia needs to worry more about foreign
debt which can be used to coerce it. You can tell from the scale of foreign debt repayments that this is vastly larger than any portfolio
investment which is yapped about incessantly as if it was long term FDI.
(press on the MAX button)
FDI in Russia has averaged under 6 billion USD per year since 1994. The all time peak was in 2013 and the amount has fallen off since the 2014
sanctions. FDI before 2004 was negligible. Compared to China, FDI in Russia is trivial.
It is the fact that Russian companies have only managed to get affordable loans outside of Russia that is the real weakness in the financial
sector that can be exploited by NATO. This is the fault of Nabiullina and the monetarist clowns at the CBR. Even though inflation fell
to less than 3% in 2018, they are still foisting a prime rate over 7% on the Russian economy. The prime rate should be at most 3% and
this would give Russian companies the 4% loans that they have been getting abroad but now on the domestic market. In addition,
the demand for loans would finally grow the Russian banking sector into something substantial. It is a joke because nobody borrows from
it due to the absurdly high lending rates. (This applies to consumers since they are also not willing to get ass-raped for Nabiullina's sake).