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    Russian Economy General News: #11

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    Tingsay

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    Post  Tingsay on Fri May 01, 2020 3:48 pm

    Vann7 wrote:
    Tingsay wrote:
    Vann7 wrote: 

    No Vann, all your wall of text means nothing

    Why? Because the Dumbass/Genius 4th dimensional thinking Chosen ones of Russia won't bring down Putin's Dumbass Geniusness!
    Russia is facing war for West left and right but the people who are supposed to fight the EmpireZ are too stupid to figure out how to rule themselves.

    This dumbass geniuses is allowing Putin to invest in SportZ instead of BizniZes and Technologiez.
    This is Russia's problem... The Chosen Ones are not Chosen ones! lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1 lol1


    You are a loser dude.. grow up..
    if you can't debate ,then get lost dumb ass.. with the intellect of a mosquito.
    i don't give a shit what you think loser ,your low IQ don't deserve any more attention than this..
    get lost and don't ever dare talk to me..  loser..   tongue



    You pissed cos your 500 IQ can't answer a damn question? Hahahahaha

    You're the one who can't debate. Answer the damn question.

    How are these Minority Super Intelligence Saviors of the World from Western Hegemony allowing a tiny domestic cat get in their way of stopping the US Empire? confused

    How are these Chosen Ones gonna beat the Evil Empire with TechnologieZ and BizniZ when they CAN'T EVEN BEAT DUMBASS TEDDYBEAR DINOSAUR SPORTZ-LOVING IMBECILE PUTIN ?
    lol1 lol1 lol1 lol1 lol1
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    Vann7

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    Post  Vann7 on Fri May 01, 2020 4:25 pm

    More trouble for  north stream 2 pipeline..


    German Regulator Plans to Deny Nord Stream 2 Waiver from New Gas Directive - Reports

    https://sputniknews.com/europe/202005011079159594-german-regulator-plans-to-deny-nord-stream-2-waiver-from-new-gas-directive---reports/

    it will not be surprising if the entire project taken down ,at least the second pipeline
    leaving Russia billions invested go wasted ,but is not like there will be demand for more
    natural gas ,anytime soon anyway or that the profits will be that much ,with energy prices so low...  
    Not encouraging news for Putin new pipeline project. .  No

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    Tingsay

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    Post  Tingsay on Fri May 01, 2020 4:53 pm

    Vann7 wrote:More trouble for  north stream 2 pipeline..


    German Regulator Plans to Deny Nord Stream 2 Waiver from New Gas Directive - Reports

    https://sputniknews.com/europe/202005011079159594-german-regulator-plans-to-deny-nord-stream-2-waiver-from-new-gas-directive---reports/

    it will not be surprising if the entire project taken down ,at least the second pipeline
    leaving Russia billions invested go wasted ,but is not like there will be demand for more
    natural gas ,anytime soon anyway or that the profits will be that much ,with energy prices so low...  
    Not encouraging news for Putin new pipeline project.  .  No



    Oh no!

    Dumbass Putin's project bringing down Russia to even more worthless Gas Station.

    How can the 3D Chess Masters anointed by the Gods to save the World from US Empire with creating Bizniz and TechnologieZ allow this to happen??
    How are they getting outplayed by a domestic cat but have the dreams of beating a Lion?

    Stay tuned for the next episode....
    Big_Gazza
    Big_Gazza

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    Post  Big_Gazza on Sat May 02, 2020 6:29 am

    miketheterrible wrote:People, I implore you all to put arrow on ignore. Not only does he not contribute, he has no actual knowledge in anything he engages in.

    Did that 12 months ago.  Asking that is a bit like imploring people to not jam their privates into a pencil sharpener, really shouldn't need to be said. Laughing
    GarryB
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    Post  GarryB on Sat May 02, 2020 11:07 am

    More trouble for north stream 2 pipeline..

    What I don't understand is why you think this is Putins fault?

    Who cares if the Europeans suddenly decide that the Russians can't own the pipes and the gas and refuse to accept Russian gas... now that the pipes to Asia are coming on line Europe is not really so important.

    Ironically Russia is much more important to Europe because it is a potential source of cheap and reliable energy, but they are so stupid and believe their own propaganda and fear their dependence will somehow be used against them as a weapon... you know... the way they would obviously use it if the situation was reversed...

    I am sure American is whispering in their ears that what if the next leader of Russia is some hardliner commie like Zhirinovski... what if they start demanding concessions for this cheap gas supply... why don't you use your power as the dominant civilisation on the planet and force some concessions now before it is up and running... sort of like the way France tried to screw with them a short while ago too regarding some vote or something.

    The thing is that if this collapses and it is never finished that wont effect Russia at all... America cannot produce the natural gas volumes to satisfy its own demands let alone supply Europe so they will have to buy Russian LNG the way the UK and US both buy Russian LNG.

    Actually I think it would actually be rather better for Russia if the north stream II is never completed... at the inevidable stage when the Orcs steal gas again they can seal those pipes up forever, and if Europe wants more gas than can be piped through the southern pipes then they will have to spend more money on LNG that is shipped instead of piped. More expensive but basically the same thing with a more complex and expensive delivery service that Europe will have to pay for.

    I would say the next step will be a gas pipeline that goes through North Korea to South Korea and probably an extension of the rail line from east to west that goes through Korea too so Japan can send products across the sea to South Korea to go onto a train that goes through south and north korea and then across russia to europe... and the same route back.

    Looks to me like Tingsay and Vann are breaking the rules on personal insults... this is a warning, the next step if you don't follow instructions is a temporary ban... and I don't care who started it... are we clear?

    PM me if you have a problem, but I don't think either of you have a leg to stand on as both are insulting each other and the rules are very clear on that.
    GarryB
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    Vann7

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    Post  Vann7 on Sat May 02, 2020 12:04 pm

    How embarrassing.. No

    Not only the chief of emergencies on department of health in Russia hospital ,that
    by the way Putin shake hands several times , got infested with covid19.. but also
    a week later his brand new prime minister  too.. now guess what ?

    His minister of Russian construction AND his deputy ,got now covid19 too..  Laughing

    Russian Economy General News: #11 - Page 23 1079164340_0:118:3073:1780_1000x0_80_0_1_934b447136c8586ca6bca7fcd3910369.jpg

    https://sputniknews.com/russia/202005011079164134-russian-minister-of-construction-his-deputy-tested-positive-for-covid-19/

    One by one Putin cabinet are falling like flies  .... just think about that for a second...
    all this things are happening just couple of weeks that Putin told "everything is under control".
     Rolling Eyes
    and happens in moments that everyone is discussing that this covid19 is a biological weapon...
    because looks like a weapon ,behave like a weapon , the circumstances around it , is full of events
    that shows that it is a bio attack on Russia and China and nations that cooperated with
    them.. whether this is natural virus they found and converted it into a weapon or one created in laboratory , is not the most important.. but that is being used by US to attack enemies ,is what is ..

    and Russia intelligence colonel from the russian army is exactly saying this..
    that Covid19 is a Anlozionist powers military operation  to attack  Russia ,china ,iran and western Europe.
    sacrificing collateral damage to allies  
    ..

    i told it already about 1 thousand millions times that Putin politeness and weakness is extremely dangerous
    for Russia national security ,that it doesn't work ,he have been doing that already for 20 years. Putin politeness
    in the middle of an undeclared war against them.. the west see it as weakness. which is exactly what it is..
    what it shows is insecurity of putin , tryng to influence them with love ,when all they want russian blood.  No
    When you show politeness to a bullies , what it does is the the exact opposite , it encourage them to beat
    again and again their victims.. this is why so many womens are killed in domestic violence.. their weakness
    and politeness is wrong.. being strong and standing firm , and defending your self ,when attacked using force ,
    is the only thing bullies understand ,force. just like iranians did.. no longer they dare to attack iranian generals,
    knows that iranians are not weak and afraid of fighting.. while the pentagon is pretty much aware that Putin  will do everything to not fight. and that is afraid of a fight. reason why israel continues bombing with impunity syria
    ,they know putin will do nothing.. and after this attack , they will be more and more and more bio attacks..
    is the perfect weapon to hit nations ,with governments very afraid to fight them ,and with lethal weapons..

    and that "understanding" and Friendship with the west will never come until Russia erased from the google maps
    officially ,and becomes split in a thousands of smaller nations. and russia no longer exist the country and now is proven US can break Russia without firing a single bullet.by targeting russia with bioweapons  No

    Im not saying that everything that putin does is bad.. because he deserve credit for rescue the nation
    from the brink of collapse in late 90s.. and he even raised the economy a lot and modernized its army in his first
    2 terms.. but all that said.. since 2008 he have been moving from good  to bad and from bad to worse.. and while it can be as bad as corrupt leaders ukraine have , like poroshenko .. since he still is patriotic and he do have good intentions to help Russia.. the problem is.. emotions and good intentions are not enough.. for nothing
    it have been said hell is full of people who had good intentions but failed miserably in the execution . and this is where is putin failing ,in the execution..    and im afraid is too late for Russia to be saved..

    Im afraid is too late for Russia to be saved because...

    -  98% convinced that covid-19 pandemic was a biological attack from US ,on China and Russia and
      and nations cooperative or allied with them..
    -  That this event have been planned for a very very long time.. carefully planned , you can do a lot of plans
      and revisions of it in one decade..
    - That Putin was caught with pants down , he was outsmarted..out gunned ,out skilled ,
      His abilities are only in trouble solving ,in freezing conflicts , he is a very classic Re-actionary person..
      waits bad things to happen ,before they move a finger.. (remember how almost all leaders in donetsk and
       ukraine ,were all murdered under the nose of Putin intelligence surveilance and military presence in eastern
       ukraine , remember he allowed yakunovych to be overthrow ,when it took 6 months the protesters to
       overthrow him and he knew well ,NATO was leading the protest.. and remember how he don't help syria ,
       until idlib was captured.. a bad decision that will hunt him the rest of his life ,because to recover it might
       be impossible during his political life and idlib as long not captured ,will be used to bleed syria little by little
        to reverse all the gains of Russia and restart years later the war .)
    - That i think ,the virus carriers , came to Russia as "tourist" and Russia had no way to know ,they were infested
       because the virus takes weeks before show up.. neither he had a policy of contained movement for tourist..
     this is why i was saying , Russia can't develop its economy in war time ,as if everything is great and there is
     peace..  those NATO embassies for example can be used as centers or recruitment and destabilization of
     Russia. and the virus could have even come from the suitcases of the same ambassadors of putin's
      western "partners " and putin calls them.. since he likes to pretend all the time ,that he is not facing a war.
      and is just "A misunderstanding "  just a "cold war" but is not cold war ,is a hot war.. a real war ,but one that
     they hide their hands when attack Russia security , but don't hide their hands when sabotage russia economy
     with sanctions.
    - because putin allowed drones to freely fly in russian cities.. which will be the ideal place to spread the virus ,
     through air.. there are plenty of pro west traitors ,that could have got a drone and help a terrorist spread the
     virus..

    - last and not least.. i think is too late for Russia because this virus suitcase carriers had to be for years , hanging
     around in russia in the hiding ,this is why most cases of the virus ,happens in moscow and st peterburg , not by coincidence in the most touristical zones..  so Putin's plans to diversify  the economy through tourism ,
    are all in destroyed in a million of pieces.. since this pandemic menace and fear of population will never end..
    from now on.. all that it takes to damage Russia tourism for the west.. after their covid19 attack ,is that their media ,throws every day or week  a report of second waves of the virus ,going out of control in Russia.
    and the fact that Putin can't even protect his own government and prime minister.. tells a lot of putin , how
    incompetent he is..

    this even becomes more humiliating for Russia , putin and entire government and its military ,when you have mike pence ,visiting an infested hospital with covid19 , without face mask and without gloves.

    Russian Economy General News: #11 - Page 23 200428-mike-pence-mayo-clinic-ew-333p_ae5733e9279dec9d834a77e0fd6520d9.fit-2000w


    This happened about same time ,that the news surfaced about Putin ministers falling like flies in Russia..
    from covid19..  so this things don't happen by accident.. this was a message to Russia.. mocking putin
    that US can hit Russia ,any time they want it and will get away from it.. and putin will do nothing. No

    So all things said.. Putin is in very serious trouble.. he have been outsmarted ,outgunned ,outscored ,
    humiliate and in what a way , his right hand aides falling like flies ,one by one.. and the worse thing
    of all .. is that Russia will have no way to defend against this or even recover with such incompetent
    reactionary President as Putin is.. now is not Russia interest attacked in ukraine.. now is not Russia interest in
    Syria , venezuela , and iran attacked.. this is very similar to what is happening to Iran ,their own government
    falling like flies too.. statistically speaking the probabilities that a virus will do ,what is doing in iran ,targeting
    so many in the government , in top positions is not coincidence.. this was a well planned ,coordinated and guided biological attack.. and now is happening in Russia.  and now is not Russia interest abroad ,the ones target..
    but Russia own existence is what is at risk.. because if this is a biological war as pretty much look ,that it is ..
    then it shows that Russia is completely ill prepared to fight US , because if they can do this with this virus ,
    then they can do it too with any other far more lethal virus too..  No

    so i will  be surprised if russia is still standing in the next 10 years.. only a miracle will save Russia ,
    something like Putin resigning this week from his position ,that he recognize that he undermine the security
    of Russia ,and that his vision of the future is outdated. for recognizing his failure to protect Russia from enemies.. . could be that miracle and being replaced by a true leader ,that is young ,and with a clear
    vision of what needs to be done ,to fight the west and force them to stop their hostilities and aggression.
    and the best way to do that is ending their business empire , business domination in the world , and create
    an alternative to the western banking/internet/technology world  ,that is superior to theirs with the help of BRICS nations.

    Will putin ever learn that being polite and soft doesn't work ? will he ever get the wisdom ,that his strategy
    for russia development doesn't work.. will putin stop pretending ,that russia is not facing a real war ? that his enemies sabotage one by one ,everything they do in their economy.. because putin's only economic development of russia is done in the most easiest and laziest way possible , that is a commodities based economy ,which is what any nation can do ,including third world nations in africa and venzuela. but to target innovative business ,that jumps the world into the future , as american internet ,american computers ,american software and entertainment industry ,american electronic industry things that russia and the world depends heavily and far more ambitious space program that NASA have..

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    Tingsay

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    Russian Economy General News: #11 - Page 23 Empty Re: Russian Economy General News: #11

    Post  Tingsay on Sat May 02, 2020 12:57 pm

    Vann7 wrote:How embarrassing.. No

    Not only the chief of emergencies on department of health in Russia hospital ,that
    by the way Putin shake hands several times , got infested with covid19.. but also
    a week later his brand new prime minister  too.. now guess what ?

    His minister of Russian construction AND his deputy ,got now covid19 too..  Laughing

    Russian Economy General News: #11 - Page 23 1079164340_0:118:3073:1780_1000x0_80_0_1_934b447136c8586ca6bca7fcd3910369.jpg

    https://sputniknews.com/russia/202005011079164134-russian-minister-of-construction-his-deputy-tested-positive-for-covid-19/

    One by one Putin cabinet are falling like flies  .... just think about that for a second...
    all this things are happening just couple of weeks that Putin told "everything is under control".
     Rolling Eyes
    and happens in moments that everyone is discussing that this covid19 is a biological weapon...
    because looks like a weapon ,behave like a weapon , the circumstances around it , is full of events
    that shows that it is a bio attack on Russia and China and nations that cooperated with
    them.. whether this is natural virus they found and converted it into a weapon or one created in laboratory , is not the most important.. but that is being used by US to attack enemies ,is what is ..

    and Russia intelligence colonel from the russian army is exactly saying this..
    that Covid19 is a Anlozionist powers military operation  to attack  Russia ,china ,iran and western Europe.
    sacrificing collateral damage to allies  
    ..

    i told it already about 1 thousand millions times that Putin politeness and weakness is extremely dangerous
    for Russia national security ,that it doesn't work ,he have been doing that already for 20 years. Putin politeness
    in the middle of an undeclared war against them.. the west see it as weakness. which is exactly what it is..
    what it shows is insecurity of putin , tryng to influence them with love ,when all they want russian blood.  No
    When you show politeness to a bullies , what it does is the the exact opposite , it encourage them to beat
    again and again their victims.. this is why so many womens are killed in domestic violence.. their weakness
    and politeness is wrong.. being strong and standing firm , and defending your self ,when attacked using force ,
    is the only thing bullies understand ,force. just like iranians did.. no longer they dare to attack iranian generals,
    knows that iranians are not weak and afraid of fighting.. while the pentagon is pretty much aware that Putin  will do everything to not fight. and that is afraid of a fight. reason why israel continues bombing with impunity syria
    ,they know putin will do nothing.. and after this attack , they will be more and more and more bio attacks..
    is the perfect weapon to hit nations ,with governments very afraid to fight them ,and with lethal weapons..

    and that "understanding" and Friendship with the west will never come until Russia erased from the google maps
    officially ,and becomes split in a thousands of smaller nations. and russia no longer exist the country and now is proven US can break Russia without firing a single bullet.by targeting russia with bioweapons  No

    Im not saying that everything that putin does is bad.. because he deserve credit for rescue the nation
    from the brink of collapse in late 90s.. and he even raised the economy a lot and modernized its army in his first
    2 terms.. but all that said.. since 2008 he have been moving from good  to bad and from bad to worse.. and while it can be as bad as corrupt leaders ukraine have , like poroshenko .. since he still is patriotic and he do have good intentions to help Russia.. the problem is.. emotions and good intentions are not enough.. for nothing
    it have been said hell is full of people who had good intentions but failed miserably in the execution . and this is where is putin failing ,in the execution..    and im afraid is too late for Russia to be saved..

    Im afraid is too late for Russia to be saved because...

    -  98% convinced that covid-19 pandemic was a biological attack from US ,on China and Russia and
      and nations cooperative or allied with them..
    -  That this event have been planned for a very very long time.. carefully planned , you can do a lot of plans
      and revisions of it in one decade..
    - That Putin was caught with pants down , he was outsmarted..out gunned ,out skilled ,
      His abilities are only in trouble solving ,in freezing conflicts , he is a very classic Re-actionary person..
      waits bad things to happen ,before they move a finger.. (remember how almost all leaders in donetsk and
       ukraine ,were all murdered under the nose of Putin intelligence surveilance and military presence in eastern
       ukraine , remember he allowed yakunovych to be overthrow ,when it took 6 months the protesters to
       overthrow him and he knew well ,NATO was leading the protest.. and remember how he don't help syria ,
       until idlib was captured.. a bad decision that will hunt him the rest of his life ,because to recover it might
       be impossible during his political life and idlib as long not captured ,will be used to bleed syria little by little
        to reverse all the gains of Russia and restart years later the war .)
    - That i think ,the virus carriers , came to Russia as "tourist" and Russia had no way to know ,they were infested
       because the virus takes weeks before show up.. neither he had a policy of contained movement for tourist..
     this is why i was saying , Russia can't develop its economy in war time ,as if everything is great and there is
     peace..  those NATO embassies for example can be used as centers or recruitment and destabilization of
     Russia. and the virus could have even come from the suitcases of the same ambassadors of putin's
      western "partners " and putin calls them.. since he likes to pretend all the time ,that he is not facing a war.
      and is just "A misunderstanding "  just a "cold war" but is not cold war ,is a hot war.. a real war ,but one that
     they hide their hands when attack Russia security , but don't hide their hands when sabotage russia economy
     with sanctions.
    - because putin allowed drones to freely fly in russian cities.. which will be the ideal place to spread the virus ,
     through air.. there are plenty of pro west traitors ,that could have got a drone and help a terrorist spread the
     virus..

    - last and not least.. i think is too late for Russia because this virus suitcase carriers had to be for years , hanging
     around in russia in the hiding ,this is why most cases of the virus ,happens in moscow and st peterburg , not by coincidence in the most touristical zones..  so Putin's plans to diversify  the economy through tourism ,
    are all in destroyed in a million of pieces.. since this pandemic menace and fear of population will never end..
    from now on.. all that it takes to damage Russia tourism for the west.. after their covid19 attack ,is that their media ,throws every day or week  a report of second waves of the virus ,going out of control in Russia.
    and the fact that Putin can't even protect his own government and prime minister.. tells a lot of putin , how
    incompetent he is..

    this even becomes more humiliating for Russia , putin and entire government and its military ,when you have mike pence ,visiting an infested hospital with covid19 , without face mask and without gloves.

    Russian Economy General News: #11 - Page 23 200428-mike-pence-mayo-clinic-ew-333p_ae5733e9279dec9d834a77e0fd6520d9.fit-2000w


    This happened about same time ,that the news surfaced about Putin ministers falling like flies in Russia..
    from covid19..  so this things don't happen by accident.. this was a message to Russia.. mocking putin
    that US can hit Russia ,any time they want it and will get away from it.. and putin will do nothing. No

    So all things said.. Putin is in very serious trouble.. he have been outsmarted ,outgunned ,outscored ,
    humiliate and in what a way , his right hand aides falling like flies ,one by one.. and the worse thing
    of all .. is that Russia will have no way to defend against this or even recover with such incompetent
    reactionary President as Putin is.. now is not Russia interest attacked in ukraine.. now is not Russia interest in
    Syria , venezuela , and iran attacked.. this is very similar to what is happening to Iran ,their own government
    falling like flies too.. statistically speaking the probabilities that a virus will do ,what is doing in iran ,targeting
    so many in the government , in top positions is not coincidence.. this was a well planned ,coordinated and guided biological attack.. and now is happening in Russia.  and now is not Russia interest abroad ,the ones target..
    but Russia own existence is what is at risk.. because if this is a biological war as pretty much look ,that it is ..
    then it shows that Russia is completely ill prepared to fight US , because if they can do this with this virus ,
    then they can do it too with any other far more lethal virus too..  No

    so i will  be surprised if russia is still standing in the next 10 years.. only a miracle will save Russia ,
    something like Putin resigning from his position for recognizing his failure to protect Russia from enemies..
    happening in this year.. could be that miracle and being replaced by a true leader ,that is young ,and with a clear
    vision of what needs to be done ,to fight the west and force them to stop their hostilities and aggression.
    and the best way to do that is ending their business empire , business domination in the world , and create
    an alternative to the western banking/internet/technology world  ,that is superior to theirs with the help of BRICS nations.

    Will putin ever learn that being polite and soft doesn't work ? will he ever get the wisdom ,that his strategy
    for russia development doesn't work.. that his enemies sabotage one by one ,everything they do in their economy.. because putin's only economic development of russia is done in the most easiest and laziest way possible , that is a commodities based economy ,which is what any nation can do ,including third world nations in africa and venzuela. but to target innovative business ,that jumps the world into the future , and that have no alternative or competition and everyone wants.. those things are not easy to sanctions or sabotage.. specially
    when american themselves like it too.. americans love space and high tech.. and entertainment and if russia wants to influence the west to stop its hostilities , and put an end of their unfair system ,by ending its passivements as putin does and fight back , give them ,their same medicine.. the west target russian most important business for its econoy and world influence.. which is energy ,space and weapons ,how russia influence the world.. ,then russia needs to fight the west most important business back ,with superior alternatives.. end of story.


    This is the problem with Russia... No
    The Chosen Ones don't know how to take LeadershipZ!
    They are allowing the dumbass Putin to outplay them in a chess game.
    They have the blue print to take down Western Empire with Bizniz and techz but they are struggling to out-compete, outplay and outsmart Putin.
    When will these chosen ones understand that being polite and soft doesn't work? Will they ever get the wisdom, the strategy for russia development doesnt work..that their enemy Putin sabotage them one by one.

    Vann's quote, But I fixed it for him:
    "americans love space and high tech.. and entertainment and if the Chosen Ones wants to influence the west to stop its hostilities , and put an end of their unfair system ,by ending its passivements as Chosen Ones do and fight Putin back , give the West ,their same medicine..

    the west target russian most important business for its economy and world influence.. which is energy ,space and weapons ,how russia influence the world.. ,then the Chosen Ones needs to fight Putin's most important Populism strategies back ,with superior alternatives.. end of story."
    TheArmenian
    TheArmenian

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    Post  TheArmenian on Wed May 06, 2020 3:15 am

    Awara's report is out.

    A must read.

    Russia in the Year of Corona. What to Expect of the Economy

    https://www.awaragroup.com/blog/russian-economy-in-the-year-of-corona/
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    owais.usmani

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    Russian Economy General News: #11 - Page 23 Empty Re: Russian Economy General News: #11

    Post  owais.usmani on Thu May 07, 2020 11:16 am

    https://www.kommersant.ru/doc/4337459

    In the context of the COVID-19 coronavirus pandemic, the Russian budget deficit may amount to 5–6% of GDP, follows from the forecast of the Bank of Russia (CB). According to the regulator, one non-working month can cost annual GDP of 1.5–2%.

    “The Bank of Russia predicts a decline in GDP of 4–6% in 2020, with a subsequent increase of 2.8–4.8% in 2021 and 1.5–3.5% in 2022. Thus, the seasonally adjusted GDP will recover to the pre-crisis level at the end of 2021 — beginning of 2022, ”the Central Bank report on monetary policy says. The regulator specified that this assessment takes into account budgetary measures announced as of April 23, and takes into account the transfer of part of the Bank of Russia profit from the sale of shares of PJSC Sberbank in the amount of 1.1 trillion rubles to budget revenues.

    The Central Bank expects that in the second quarter, most of the restrictions associated with the pandemic will be gradually lifted or significantly softened. “Then, in the III – IV quarters, we can expect a recovery in economic activity in terms of quarter to quarter,” the report says. In the first quarter, Russia's annual GDP growth rate was 1.5–2.0%.

    At the end of the year, the Central Bank predicts inflation at 3.8-4.8%. In the future, according to the estimates of the regulator, the indicator stabilizes at 4%.

    Recall that in late April, to support the economy, the Central Bank lowered its key rate from 6% to 5.5% per annum. The regulator also revised the baseline forecast. The main factors influencing the revision of economic expectations were the collapse in oil prices and the restrictive measures taken to combat the pandemic.
    Hole
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    Post  Hole on Thu May 07, 2020 11:58 am

    A deficit of 5 - 6% is less then most western countries have in a normal year.
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    Post  d_taddei2 on Thu May 07, 2020 2:08 pm

    I wonder if we see further growth in others of the economy than just oil. During thesd harsh sanctions Russia increased it's self sustaining activity in terms of grain vegetables etc etc increasing economic activity in those areas as well as other areas. Sanctions for se countries actually end up being more beneficial for those countries long term as it forces them to become more self sufficient. Any areas people think Russia will increase in???
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    Post  GarryB on Sat May 09, 2020 1:39 am

    It would be a case of looking across the economy and looking for gaps and then deciding if that gap is worth the effort to fill or if other gaps are a higher priority to fill first.

    I personally think Russia should work on medicine and medical care, especially developing cures rather than focussing on treatments.

    The influence potential of being able to say to Iran... we can help you, and we can provide any vaccines or cures for covid when they become available, and these are not charity, but we wont be making an enormous profit. In comparison if Poland needed help then the profit margins would be based on the number of Soviet statues they have pulled down time 100 if they want help that is.

    What I am saying is that Russia needs to make progress but not piss it all away by giving it to countries that could eventually turn on Russia like Eastern Europe has for instance.

    Russia needs to focus on fair trade and also not screwing the countries they deal with... Russia can progress without holding everyone around them down... but she should be careful she is not getting used.
    miketheterrible
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    Post  miketheterrible on Sat May 09, 2020 11:51 am

    Ukraine currently still uses Russia. Same with Baltic nations and they been fucking over Russia for decades now.  Russia never had a strong foreign policy since end of Soviet Union and it shows.  They also had plenty of opportunities to expand their economy by moving Soviet industries to Russia and build what was necessary rather than scramble now to replace all western and even Soviet tech (that was built in former Soviet countries). While better late then never, a lot of this sanctions and Covid issue wouldnt even be much of an issue if Russia wasn't busy trying to suck western schlong to join the WTO which proved to be not only totally useless, but actually costing Russia's economy (see the whole schpeel about Russian railways and buying Elbrus processors).  

    Russia still has a long way to go and more hardships till they are completely removed from western influence in their economy.  Once they are, they will be fine.

    And I agree, medicine and medical equipment is very important to Russia and will be a major economic driver. It was and is for India.  Next will obviously be expanding the agricultural industry as food is not only important and demand for it increases; more countries are losing prime agricultural land due to industry expansion. So Russia has an opportunity to create their own Nestle, Pepsi Co and Coke to control food market.  But of course they don't as they get western countries in to do it. It isn't expensive startup or even difficult in tech. They are just fucking lazy.
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    Post  kvs on Sat May 09, 2020 3:48 pm

    Money rules the world. It is easier for western transnationals to buy off local officials and businesses than for local businesses
    to break into the market. This applies inside Russia. Russia needed and still needs protectionism as was the case for Japan
    and South Korea to allow domestic industry to grow and then have enough strength to compete. But instead we have seen
    free trade BS since the 1990s. The only thing that really saved Russia's economy was the massive devaluation of the ruble
    forex in 1998 and similar in 2014. This imposes de facto tariffs on imports and boosts exports.

    People love to smear Putin as a tyrant. This is infantile BS since no country can be run by one man. Every dictator has
    an array of aligned elements in the rest of society. In Latin America we saw the upper classes and the military act in
    concert to prop up juntas. Since the bureaucrats and mass media always serve the elites this mode of organization was
    viable. Putin has to compete with comprador interests such as the tycoons who prefer worshiping to the yanqui Mammon
    instead of being loyal and properly investing in Russia. These elite elements allow 5th column media and officials to
    damage Russia even now.

    Putin has to play politics and maneuver to push his patriotic agenda. Couch instant-experts on everything always just
    bitch and do nothing themselves. We should be thankful that Putin and his silovik function have managed to frustrate
    the big NATzO plan that succeeded in breaking up the USSR and corrupting Ukraine and Belorus. Russia was always
    the prize, but they didn't get it. Recent events indicate that the patriotic faction of the Russian government is becoming
    stronger and is finally removing the last major sell-outs of the compradors who ran Russia before 2000. The drop in the
    CBR prime rate tells me that I am not the only one who cares about this issue and the right people are twisting the right
    arms to rectify it.

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    Post  Hole on Sat May 09, 2020 4:52 pm

    Russia already has brands like this. They control the russian market. That why the western markets are predominantly closed for russian products, besides the stuff the west desperatly needs. That´s why Brin founded Google in Amiland and not in Russia = access to all of the western markets + developing countries.
    miketheterrible
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    Post  miketheterrible on Sat May 09, 2020 8:13 pm

    Hole wrote:Russia already has brands like this. They control the russian market. That why the western markets are predominantly closed for russian products, besides the stuff the west desperatly needs. That´s why Brin founded Google in Amiland and not in Russia = access to all of the western markets + developing countries.

    This is only becoming recent. Hopefully those Russian brands expand into the Asian and African market to cement its growth and demand in foreign markets.
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    Post  Hole on Sat May 09, 2020 8:46 pm

    That´s true. Just like PtG russian companies wasted to much time, money and effort to conquer western markets.
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    Post  GarryB on Sun May 10, 2020 4:49 am

    It isn't expensive startup or even difficult in tech. They are just fucking lazy.

    Nothing to do with being lazy.... when companies get big they remain competitive by buying up or crushing their competitors and by constantly going in to new markets and buying or crushing competitors there too... it is nothing to do with being the best or having the best product, and it doesn't work if you are nice people, because crushing and buying up competitors is like working on the kill line of an abattoir...

    If creating a multi national company was easy everyone would be doing it...

    The only thing that really saved Russia's economy was the massive devaluation of the ruble
    forex in 1998 and similar in 2014. This imposes de facto tariffs on imports and boosts exports.

    I would say it was nationalisation of energy, and later western sanctions have saved Russias economy... energy money allowed it to grow, while sanctions applied in steps made the separation from the west gradual and less painful for their economy... now it is a much more viable entity and not dependent on oil income at all as shown by good economic figures despite oil prices that are destroying countries like Venezuela and Saudi Arabia...

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    Post  d_taddei2 on Sun May 10, 2020 11:29 am

    In terms of brands/items Russian made, what domestic items does Russia produce that they could market outside Russia and CIS countries?
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    Post  GarryB on Sun May 10, 2020 2:50 pm

    Well that is the problem... local brands might be well known locally but internationally unknown... and to become known internationally they need access to international markets.

    A good example would be cars... you would not know what a Lada was if they didn't market it internationally, but because they have it is now known as a car, so when you talk about the Lada SSK people think you mean the car... but of course people are stupid.

    Here in New Zealand the Coca Cola bottling company basically own most of the local fizzy drink makers so L&P is a local brand you have probably never heard of, but it is sold here along with Coca Colas other brands they bought from overseas competitors like Fanta and 7UP and Sprite... 7UP and Sprite and L&P are all lemon drinks and if Coke developed them they wouldn't bother selling them all, but they sell them all here because it gives you the illusion of choice including the local L&P if you are patriotic... but the reality is that the Coke machine has chewed up the local bottling plants and now makes them itself... we don't have a local drink product anymore... except a local company called Wests... which I go out of my way to buy instead of that American shit.
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    Post  d_taddei2 on Mon May 11, 2020 1:41 pm

    GarryB wrote:Well that is the problem... local brands might be well known locally but internationally unknown... and to become known internationally they need access to international markets.

    A good example would be cars... you would not know what a Lada was if they didn't market it internationally, but because they have it is now known as a car, so when you talk about the Lada SSK people think you mean the car... but of course people are stupid.

    Here in New Zealand the Coca Cola bottling company basically own most of the local fizzy drink makers so L&P is a local brand you have probably never heard of, but it is sold here along with Coca Colas other brands they bought from overseas competitors like Fanta and 7UP and Sprite... 7UP and Sprite and L&P are all lemon drinks and if Coke developed them they wouldn't bother selling them all, but they sell them all here because it gives you the illusion of choice including the local L&P if you are patriotic... but the reality is that the Coke machine has chewed up the local bottling plants and now makes them itself... we don't have a local drink product anymore... except a local company called Wests... which I go out of my way to buy instead of that American shit.


    Do u know any brands or items that are good and likely to do fairly well outside of CIS?
    magnumcromagnon
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    Post  magnumcromagnon on Mon May 11, 2020 7:38 pm

    Fucking finally...it's about damn time. 2% interest rates for loans:

    VTB ready to participate in loan program at 2% to support enterprises

    Earlier, President Putin proposed that starting June 1 a special loan program to support employment for enterprises from the sectors affected by the spread of coronavirus, as well as socially oriented NGOs

    MOSCOW, May 11. / TASS /. Russia's lending giant VTB Bank is ready to participate in a soft loan program at a rate of 2% to support companies that have suffered due to coronavirus, the credit organization said in a statement on Monday.

    "VTB is ready to implement a special credit program to support employment for all enterprises affected by the spread of coronavirus industries, said Russian President Vladimir Putin and involved short-term lending in the amount of minimum wages for each employee at a reduced rate of 2% per annum until April 2021," the statement said.

    Earlier, President Putin, during a meeting on the sanitary epidemiological situation in the country proposed that starting June 1 a special loan program to support employment for enterprises from the sectors affected by the spread of coronavirus, as well as socially oriented NGOs. According to the President, the state itself will pay the loans of enterprises issued under the new program if employers keep jobs at 90% for six months. If 80% of jobs are saved, the state will pay half the loan and interest on it. The program will be calculated at a preferential rate of 2%, a loan will be issued in the amount of one minimum wage for each employee for six months. The maturity date is April 1, 2021. In addition, 85% of the loan will be secured by a state guarantee.

    https://tass.com/economy/1155171

    Hopefully they're testing the waters for permanent change in loan rates! thumbsup
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    Post  kvs on Mon May 11, 2020 9:56 pm

    They could have introduced 2% loans back in 2015. The only ones who support the inflationary instability drivel are CBR and FinMin
    monetarist twats. They never had a real model of the Russian economy that had any value. All their BS theories during the 1990s
    resulted in the worst depression outside of war seen in history. A 60% GDP contraction compared to 25% in the USA during the
    Great Depression.

    It was Primakov who became prime minister around the 1998 financial meltdown who rescued Russia's economy by flushing
    monetarist economics down the toilet. His economic approach is what was pursued by Putin which literally made Russia
    great again (MRGA). One of those policies was to let the ruble slide in 1998 and "devalue" by 87%.

    Unfortunately, no Russian economist of influence understood the difference between monetization of Soviet era quasi-barter
    economics and creation of market prices, and inflation. This market price transition is still ongoing and we can see how far
    behind it is in the Russian MIC. (I am not talking about reaching US prices which are pure corruption.) So all the price
    increases after 1999 even if they were starting from near zero were treated as inflation which is patent nonsense. Inflation
    is only defined for market equilibrium prices. So real inflation after 2000 was nowhere near 15% per year. It was likely
    under 5% per year and the rest was structural price adjustment towards market price exchange. Soviet prices had nothing
    to do with market prices. Of course, some sectors such as food equilibrated faster to western levels (another discussion
    for another time) but clearly these prices did not go up 15% per year other wise in 10 years they would have quadrupled.
    Nobody observed such food price increases between 2000 and 2010.

    So today we are seeing not some decline in inflation in Russia but the approach to equilibrium of the vast majority of prices in
    the economy (outside the government controlled MIC).



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    Post  GarryB on Tue May 12, 2020 4:47 am

    Do u know any brands or items that are good and likely to do fairly well outside of CIS?

    You would be better directing that to someone who lives in Russia and knows Russian brands...

    Indeed I would be interested in the answers to such a question too... I would like the opportunity to buy Russian products where possible...
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    Post  d_taddei2 on Tue May 12, 2020 3:48 pm

    GarryB wrote:
    Do u know any brands or items that are good and likely to do fairly well outside of CIS?

    You would be better directing that to someone who lives in Russia and knows Russian brands...

    Indeed I would be interested in the answers to such a question too... I would like the opportunity to buy Russian products where possible...

    unfortunately dont know too many Russians that are still living there. but would be nice to purchase a few items or if visiting their whats is decent items to buy to bring back.

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