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    Russian Economy General News: #11

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    Karl Haushofer

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    Post  Karl Haushofer on Tue Feb 18, 2020 3:20 pm

    Dutch court just ordered Russia to pay $50 billion to former Yukos shareholders: https://www.bloomberg.com/news/articles/2020-02-18/dutch-court-reinstates-50-billion-yukos-judgment-against-russia

    Will Russia pay?
    miketheterrible
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    Post  miketheterrible on Tue Feb 18, 2020 3:22 pm

    I answered this as I posted in the oil thread.

    No they won't. Russia didn't sign the charter 45 in the agreement on energy protection.  Meaning this case is Dutch court talking smack as usual.

    https://twitter.com/russiaspeaks/status/1229705437370572800?s=19
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    Karl Haushofer

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    Post  Karl Haushofer on Tue Feb 18, 2020 3:35 pm

    miketheterrible wrote:I answered this as I posted in the oil thread.

    No they won't. Russia didn't sign the charter 45 in the agreement on energy protection.  Meaning this case is Dutch court talking smack as usual.

    https://twitter.com/russiaspeaks/status/1229705437370572800?s=19

    Hopefully you are right. It would be idiotic for Russia to fall for this kind of extortion. $50 billion?!? LOL

    In reality this will be used to block Nord Stream II. Or at least they will try that. They will try to seize the pipeline that is in German and Danish waters and give its ownership to former Yukos shareholders.

    miketheterrible
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    Post  miketheterrible on Tue Feb 18, 2020 3:56 pm

    They can't seize that cause Gazprom isn't Rosneft. Two different companies. And regardless, there are the Yukos law in multiple countries involved which stipulates they can't asset steal.

    And if they do, Russia will return the favor.

    And no, Russia won't pay that. They blocked the ECHR ruling for $2B for Yukos. They will block this nonsense. There isn't anything to prove the value of $50B either.
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    Post  Hole on Tue Feb 18, 2020 5:43 pm

    Sounds like murican shareholders of Enron should sue in Holland. Very Happy

    Yukos had a value of 50 Bill. for a day or so. At that time there were rumors that the company would merge with Sibneft. In the same timeframe the company broke the law thousands of times, didn´t pay taxes and so on. Like Apple or Google do today.
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    Post  miketheterrible on Tue Feb 18, 2020 6:15 pm

    That's the other thing, many foreign companies which still invested in Rosneft won't like this.

    And apparently they didn't take into fact that the shares were taken illegally either. So Russia said they will once again appeal it.

    But it works. Because while Russia appeals it, the constitutional change will be passed and guess what? Then all foreign courts have zero say in Russia.
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    Post  kvs on Wed Feb 19, 2020 12:39 am

    It is a simple choice for Russia. Either let NATzO dictate the rules of global commerce and domestic policy or give these Dutch cunts
    the middle finger. I posted on this before, the Hague arbitration court actually conducted a show "re-trial" of the Yukos case
    in pure kangaroo court fashion. Their "evidence" was NATzO media anti-Russian MSM smear pieces and the absurd claims of
    Yukos shareholders. As if junk bonds/stocks are something invented by Putin when he stopped the gangster owners of Yukos from
    stealing Russian oil and not paying Russian taxes. The Hague kangaroo arbitration "court" did not even apply precedent since
    it is not a real criminal court and can play any game it wants.



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    Vann7

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    Post  Vann7 on Wed Feb 19, 2020 2:44 am

    belarus lukashenko strike again.. threaten Putin to damage the business ,of gasprom ,using his territory . Shocked

    https://www.intellinews.com/belarus-president-threatens-to-take-transit-oil-from-russia-eu-pipeline-amid-dispute-with-moscow-176744/

    Who is to blame for the bad relations Russia have with all its neighbors.. ???
    oh had to be the 5th column in Russia right?  lol1
    it had to be Yeltsin damn traitor.. ruined russia and belarus relations perhaps??
    maybe is gorvachev the other fanboys will blame it..
    or perhaps is the russian central bank.. dam traitors..  Wink
    perhaps is navalny .. the reason russia have problem with belarus..
    is everyone but Putin.. is what the fanboys will say..  

    Only the ones more connected with reality ,will see ,that is Putin the problem..
    he controls Russia foreign policy and the way Russia will develop.. he have made
    Russia a highly dependent nation on energy business ..and nothing else.. and so
    nations can blackmail putin all the time ,just extort him ,because those business
    depends on the transit on other nations ,that russia don't have good influence in them..
    but adversaries does.. wondering when Belarus will divorce from Russia and abandon
    completely the Russian project.. and allow american military bases later.. they do have
    real business power and business development ,that everyone likes.

    Or maybe is something else..  Russia foreign policy doesn't work that well.. if everyone including
    former soviet republics ,not only split from russia ,but wants also to fight them.. when putin all he
    does to influence belarus is gas discounts.. then there is something seriously wrong with putin strategy.
    he can't continue developing Russia in the same way as a gas station ,as a saudi arabia of asia ,
    and expect to do well against the American empire and their business influence over his neighbors.
    It will not be surprising if Belarus become the next Ukraine , with american military bases..

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    Austin

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    Post  Austin on Wed Feb 19, 2020 12:52 pm

    Titov proposed measures to resolve economic difficulties in Russia

    https://ria.ru/20200219/1564965919.html
    miketheterrible
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    Post  miketheterrible on Wed Feb 19, 2020 3:22 pm

    Titov is one of the reasons for issues.

    Ignore his stupidity.
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    Post  miketheterrible on Wed Feb 19, 2020 3:38 pm

    I'll post real news and not some wishful thinking from an oligarchs puppet who will just wish for complete freedom of Business to the point of it being 1990's russia all over again.

    https://sdelanounas.ru/blogs/130537/

    Investments of foreigners in Russian assets in 2019 increased by almost 50%

    Investments of foreigners in the Russian assets by the end of 2019 increased by 49.5%.

    The volume of purchases of Russian assets by foreign companies has increased from $14 billion in 2018 to $20.9 billion in 2019. KPMG sharp rise in investment associated with the successful adaptation of the Russian economy for sanctions and overcome the dependence on high oil prices. Confidence in the prospects for investment in Russian assets add the replenishment of national funds, the low level of public debt, implementation of national projects, as well as withdrawal in early 2019 sanctions against companies RUSAL, En+ and "EvroSibEnergo".

    A large part of total M&A market (34%) accounted for transactions in the oil and gas sector, the newspaper writes. In second place was the sector of innovations and technologies with 12% of the total amount of transactions. Investors are also willing to invest in projects of liquefied natural gas (LNG), the sector of real estate and construction.

    Significantly increased the volume of transactions for the purchase of Russian assets by US companies with $0.2 billion to $3.4 billion Investment from the Asia-Pacific region grew more than three times — from $2.4 billion to $8.2 billion Inflow of investment from the Middle East declined from $4.8 billion to $2.7 billion, from European countries — from $5.9 billion to $2.6 billion. it is Noted that the Russian company in 2019 more get rid of previously purchased foreign assets.

    The beginning of a new investment cycle in 2020, and national projects will contribute to moderate growth of investments. Continued interest from investors in the oil and gas sector, innovation and technology. In the report, KPMG takes into account all transactions with Russian participation completed or announced in 2019.
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    Austin

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    Post  Austin on Thu Feb 20, 2020 7:38 am

    Tax benefits for investors in Arctic to favor nine projects worth $235 billion

    https://tass.com/economy/1122031
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    Austin

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    Post  Austin on Thu Feb 20, 2020 1:09 pm

    IBM doubts Rosatom’s ability to create a quantum computer

    https://ria.ru/20200220/1565002504.html
    kvs
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    Post  kvs on Thu Feb 20, 2020 3:29 pm

    Austin wrote:IBM doubts Rosatom’s ability to create a quantum computer

    https://ria.ru/20200220/1565002504.html

    Hilarious jealousy. IBM is hardly some uniquely qualified company in quantum computing. It is a vanilla
    big iron HPC system maker with its Power series of CPUs. It can, of course, fund some R&D shop to engage
    in quantum computing research. But, it is not the originator of the physics research underlying
    QC. Western chauvinist cunts always denigrate Russian science and mathematics and are always totally
    wrong.

    Let's have another headline:

    Boeing doubts UAC's ability to build the MS-21

    Rolls Royce doubts UEC's ability to build the PD-14
    miketheterrible
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    Post  miketheterrible on Thu Feb 20, 2020 5:02 pm

    Since the link doesnt take me to the article, I can only guess what its saying.

    But Russia has already tested a quantum processor. So they are gonna get what they need. IBM and others can doubt all they want. But it never changed anything and always pushed Russia to further development. Now Boeings are falling from the sky and IBM doesn't actually make anything anymore (I know cause I use their mainframes), they can talk trash all they want. Wont solve anything.
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    Post  miketheterrible on Thu Feb 20, 2020 8:15 pm

    This is to Austin and others who love to quote the retard Titov.

    This is who is going to lead his party for now on.

    I warn you NSFW in the link
    https://twitter.com/MuzPit106/status/1230453592726941699?s=19
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    Austin

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    Post  Austin on Fri Feb 21, 2020 8:40 am

    National Projects: Russia’s New Development Paradigm

    https://valdaiclub.com/a/highlights/national-projects-russia-s-new-development/
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    Austin

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    Post  Austin on Fri Feb 21, 2020 8:44 am

    Russia keeps stockpiling gold as bullion prices continue to surge

    https://www.rt.com/business/481298-russia-gold-reserves-growth/

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    Post  Austin on Tue Feb 25, 2020 2:29 pm

    Siberian Gold Find Brightens Ruble’s Future

    https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400


    SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.

    Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors.






    How much is 63 million ounces of gold in tons ?
    magnumcromagnon
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    Post  magnumcromagnon on Tue Feb 25, 2020 5:10 pm

    Austin wrote:Siberian Gold Find Brightens Ruble’s Future

    https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400


    SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.

    Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors.






    How much is 63 million ounces of gold in tons ?
    35,274 oz. in a metric ton, so 63 million oz. translates to 1,786 metric tons of gold.
    GarryB
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    Post  GarryB on Wed Feb 26, 2020 9:12 am

    Based on this news report I can understand why the British voted to exit the EU... their method of deciding new EU wide laws are just as flawed for many of the same reasons their so called judges are biased...

    https://www.rt.com/op-ed/481651-george-soros-european-court-judges/
    miketheterrible
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    Post  miketheterrible on Wed Feb 26, 2020 3:50 pm

    https://sdelanounas.ru/blogs/130695/

    Non-fuel exports from Russia in 2019 amounted to $ 160 billion
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    Vann7

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    Post  Vann7 on Wed Feb 26, 2020 5:56 pm

    American sanctions not working..   Rolling Eyes


    State-Owned Russian Railways To Leave €1.2Bn Project In Iran Over Sanction Threat


    https://southfront.org/state-owned-russian-railways-to-leave-e1-2bn-project-in-iran-over-sanction-threat/


    This is the Russian vision of Putin.. one that can be told ,with which nations it can do business or not.. No
    How is Russian President of Russia Federation going to convince the world ,to not follow the american
    system ,and defend their sovereignty when Russia itself follows it.. No

    Nation Independence and Nation sovereignty without business leadership is a contradiction. Russia development will be significantly limited under Putin's Russia gas station project. Only targeting the most popular world business of the west and developing a modern culture in Russia ,is what could help Russia its interest to be respected by the west.
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    Post  GarryB on Thu Feb 27, 2020 6:06 am

    The Russian Railways decision appears to lack foresight, and shows that short-term interests are being pursued to defend assets that are currently present, as the company is owned by the Russian state. It probably was made by the leadership of the company, and was made not at the discretion of the Russian government, as it does, in fact lack foresight and appears to cave in to US sanction threats.

    This decision might be reversed by Putin if he hears about it, but only he can change rules and laws to protect this company from US sanctions so it probably made sense for them to do this without any protection or guarantees.
    miketheterrible
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    Post  miketheterrible on Thu Feb 27, 2020 6:49 am

    Russian railways doesn't actually operate in Crimea either. Neither does Sberbank. Because they operate like private entities. Sberbank part is gonna change since government itself is going to buy back all 50+1 shares from the national bank.

    Railways is acting in quick defense till there is some kind of agreement from federal government. China faced same issue after sanctions were placed on Russia and Iran where certain Chinese entities refused to deal with them.

    What will speed up government's decision to force Russian railways hands is if Iran sues Russia for not acting on contract.

    But I do agree, railways needs to be investigated.

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