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    Russian Economy General News: #11

    kvs
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    Post  kvs Tue Aug 18, 2020 10:17 pm



    Nice comparison of costs of living in Russia and Germany. If you use the nominal exchange of ruble to euro you would think
    that the average German is much better off than a Russian. But in the real world, forex rates mean precisely f*ck all.
    In terms of certain goods here are the real exchange rates of euros to rubles for Germany:

    potatoes: 1:10 (for Norway the exchange would b 1:3)
    gasoline: 1:30
    flour: 1:22

    Basically the "market" exchange rate is more realistic for expensive goods such as Mercedes cars but for staples which are
    the primary focus of most people including the poor and working poor, it has little relevance. In other words, the so-called
    pauper Russian hinterland outside of Moscow and St. Petersburg is actually much better off. Russians do not have the
    level of housing costs in the west (outside of Moscow) and they are not being choked to death with fees. Germans need
    to pay around 300 euro per month for medical insurance. Even though they already have a "socialized" medical care system.

    There is lots of money flow in the west, but that does not mean every citizen is wealthy.



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    magnumcromagnon
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    Post  magnumcromagnon Tue Aug 18, 2020 11:24 pm

    kvs wrote:

    Nice comparison of costs of living in Russia and Germany.   If you use the nominal exchange of ruble to euro you would think
    that the average German is much better off than a Russian.   But in the real world, forex rates mean precisely f*ck all.
    In terms of certain goods here are the real exchange rates of euros to rubles for Germany:

    potatoes: 1:10  (for Norway the exchange would b 1:3)
    gasoline:  1:30
    flour:  1:22

    Basically the "market" exchange rate is more realistic for expensive goods such as Mercedes cars but for staples which are
    the primary focus of most people including the poor and working poor, it has little relevance.   In other words, the so-called
    pauper Russian hinterland outside of Moscow and St. Petersburg is actually much better off.   Russians do not have the
    level of housing costs in the west (outside of Moscow) and they are not being choked to death with fees.   Germans need
    to pay around 300 euro per month for medical insurance.   Even though they already have a "socialized" medical care system.

    There is lots of money flow in the west, but that does not mean every citizen is wealthy.

    Now remember kvs Germany is a industrial engineering powerhouse, while Russia is primarily made up of mud-hut dwellers. How else can you explain why Germany has sports cars and Russia does not, while Russia has a independent space program while Germany does not. Don't you know? As far as industrial/engineering difficulty goes: Sports car development capability >>>>>>> Space Station development capability. pwnd
    Hole
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    Post  Hole Wed Aug 19, 2020 10:55 am

    But how many space stations did Russia sell to customers around the world? lol!
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    Post  owais.usmani Wed Aug 19, 2020 11:05 am

    Hole wrote:But how many space stations did Russia sell to customers around the world? lol!

    At-least 1, Zarya was sold to US. Very Happy
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    Post  kvs Sun Aug 23, 2020 5:33 pm



    This should be a wake up call to all the idiots in the west who think Russia is some big rotten facade (as was believed by Hitler).
    Russia is now making the full spectrum of Italian (and other) cheeses that it used to import. These are not just some cheap
    knockoffs. They are made the same way that the originals are made. So the six years of sanctions by NATzO have paid off,
    for Russia. And it is only getting better the longer that NATzO pulls it sanctions tantrum since that is allowing Russian producers
    to establish themselves for the long term.

    Also note the tag at the bottom of the video on Youtube warning viewers that this news channel is funded at least in part by
    the Russian government. I wonder why Youtube does not have a similar warning for the CBC? At least the BBC is supposed to
    be more autonomous because it raises its own money (via a mandatory license fee), but the CBC is a state propaganda orifice.

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    Post  par far Sun Aug 23, 2020 7:31 pm

    "Is the Russian Ministry of Finance Sabotaging Putin’s Decision? (Ruslan Ostashko)."


    https://thesaker.is/is-the-russian-ministry-of-finance-sabotaging-putins-decision-ruslan-ostashko/

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    Post  miketheterrible Sun Aug 23, 2020 8:33 pm

    par far wrote:"Is the Russian Ministry of Finance Sabotaging Putin’s Decision? (Ruslan Ostashko)."


    https://thesaker.is/is-the-russian-ministry-of-finance-sabotaging-putins-decision-ruslan-ostashko/


    This was discussed. Please, stop just posting and read the thread. Also, it came to an end - Cyprus agreed to Russia's demands.

    https://www.russiadefence.net/t7971p675-russian-economy-general-news-11#290916
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    Post  magnumcromagnon Sun Aug 23, 2020 9:00 pm

    kvs wrote:

    This should be a wake up call to all the idiots in the west who think Russia is some big rotten facade (as was believed by Hitler).
    Russia is now making the full spectrum of Italian (and other) cheeses that it used to import.   These are not just some cheap
    knockoffs.  They are made the same way that the originals are made.    So the six years of sanctions by NATzO have paid off,
    for Russia.  And it is only getting better the longer that NATzO pulls it sanctions tantrum since that is allowing Russian producers
    to establish themselves for the long term.

    Also note the tag at the bottom of the video on Youtube warning viewers that this news channel is funded at least in part by
    the Russian government.   I wonder why Youtube does not have a similar warning for the CBC?   At least the BBC is supposed to
    be more autonomous because it raises its own money (via a mandatory license fee), but the CBC is a state propaganda orifice.


    Most of all the UrinePeons (pissants) will not be getting their market-share back!lol1 It's been estimated that the EU lost easily over half a trillion Dollars in revenue since 2014!!! pwnd clown

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    Post  Hole Sun Aug 23, 2020 11:10 pm

    https://www.stalkerzone.org/sanctions-counter-sanctions-as-the-engine-of-russian-agriculture-development/

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    Post  kvs Mon Aug 24, 2020 12:04 am

    miketheterrible wrote:
    par far wrote:"Is the Russian Ministry of Finance Sabotaging Putin’s Decision? (Ruslan Ostashko)."


    https://thesaker.is/is-the-russian-ministry-of-finance-sabotaging-putins-decision-ruslan-ostashko/


    This was discussed. Please, stop just posting and read the thread.  Also, it came to an end - Cyprus agreed to Russia's demands.

    https://www.russiadefence.net/t7971p675-russian-economy-general-news-11#290916

    I think the link is useful since PolitRussia got censored by Youtube so the original video I linked is defunct and at least there
    is something like a proper translation instead of my summary.

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    Post  GarryB Mon Aug 24, 2020 10:44 am

    The deep irony is when the factions within the EU who are the most badly hit by the sanctions to export food to Russia finally win and common sense prevails over stupidity they will find the Russian market they were kicked out of has changed completely and that the total lack of domestic competition that made it such a profitable market is no more... even worse the Russian companies that filled the vacuum that was created by EU food growers being blocked from the market, are not going to just be competition in the Russian market but will also be able to flood the market in the EU with products where the weak currency will make them very competitive in the EU... along with their strict rules on steroids and GM foods they can corner the organic market and make even more money.

    These Russian companies should be looking to expand into exporting their products to friendly countries around the world... they should send people to Vietnam and Cuba and even Iran to look for food products that grow well and easily there and would sell in Russia... and look for products they produce they could sell to these countries in return... no point in competing with allies...
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    Post  kvs Mon Aug 24, 2020 5:24 pm

    GarryB wrote:The deep irony is when the factions within the EU who are the most badly hit by the sanctions to export food to Russia finally win and common sense prevails over stupidity they will find the Russian market they were kicked out of has changed completely and that the total lack of domestic competition that made it such a profitable market is no more... even worse the Russian companies that filled the vacuum that was created by EU food growers being blocked from the market, are not going to just be competition in the Russian market but will also be able to flood the market in the EU with products where the weak currency will make them very competitive in the EU... along with their strict rules on steroids and GM foods they can corner the organic market and make even more money.

    These Russian companies should be looking to expand into exporting their products to friendly countries around the world... they should send people to Vietnam and Cuba and even Iran to look for food products that grow well and easily there and would sell in Russia... and look for products they produce they could sell to these countries in return... no point in competing with allies...

    That is why the EU will play Uncle Scumbag's bitch for as long as possible. They dug their own hole and are not going to open up to any
    real competition. The west endlessly bleats to the world about capitalism and free markets. But that is a scam designed to break open
    any defenses (e.g. tariffs) and to monopolize developing markets. The same happened to Russia in the 1990s. But by some miracle,
    even with a comprador regime in place to maintain a high ruble exchange rate to lubricate imports, the racket fell apart and we had
    Russia rising from the ashes.

    The west does not tolerate free competition. It is compelled to act like a colonialist monopolizer.

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    miketheterrible
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    Post  miketheterrible Mon Aug 24, 2020 11:25 pm

    https://www.rt.com/business/498847-india-coal-imports-russia/?utm_referrer=https%3A%2F%2Fzen.yandex.com
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    Post  kvs Tue Aug 25, 2020 12:08 am

    miketheterrible wrote:https://www.rt.com/business/498847-india-coal-imports-russia/?utm_referrer=https%3A%2F%2Fzen.yandex.com

    Russia is very reliable supplier. That is why NATzO endlessly smears it with BS about natural gas "blackmail". Even now Russia is exporting natural
    gas to the EU conforming to contract details even though the EU and its master Uncle Swine-shit is breaking the terms of those contracts and
    openly terrorizing private companies that dare to deal fairly with Russia. Russia should tell these fucks to go fly a kite and find a way to
    export natural gas to India.

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    Post  PhSt Tue Aug 25, 2020 2:26 pm

    This is not happening fast enough, I hope they invest more efforts to speed up the process



    Russia calls on fellow BRICS countries to DUMP US DOLLAR in favor of trade in national currencies

    The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies.
    Denis Manturov suggested the possibility of boosting non-dollar settlements during a videoconference with fellow BRICS trade ministers on Monday. According to Manturov, trade in national currencies is a key aspect of the cooperation of the five-nation alliance that includes Brazil, Russia, India, China, and South Africa.  

    “Rational, balanced use of this tool will help to increase the stability of our countries' economies and reduce dependence on US’ policies,” he said.

    Manturov called on the fellow ministers to use the BRICS’ New Development Bank (NDB) more actively, which was specifically created for these purposes.

    The five-nation block has a combined nominal GDP of $21 trillion and represents more than 40 percent of the world’s population.

    The NDB, with an initial capital of $100 billion, was established in 2014 and formally opened for business a year later. Its goal is to mobilize resources for infrastructure and sustainable development projects in emerging economies. Headquartered in Shanghai, the bank has a regional office in Johannesburg, and is planning to open more centers in Moscow as well as other Russian cities.
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    Post  PapaDragon Thu Sep 10, 2020 10:11 pm


    New sanction threats, same shrugs from Russia's investors

    https://www.reuters.com/article/us-russia-markets-sanctions-analysis/new-sanction-threats-same-shrugs-from-russias-investors-idUSKBN26022T

    LONDON (Reuters) - The West’s push to impose sanctions on Russia over an alleged nerve agent attack on President Vladimir Putin’s main political opponent is getting a familiar shrug of the shoulders from international investors, who view Moscow’s finances as just too strong to be cracked. .........
    .........................


    This graph here is how you build a nation  thumbsup
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    Post  Hole Fri Sep 11, 2020 11:22 am

    Main political opponent Laughing Laughing Laughing lol!

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    Post  Big_Gazza Fri Sep 11, 2020 2:52 pm

    Hole wrote:Main political opponent Laughing Laughing Laughing lol!

    You beat me to it...  Very Happy   What a fucking idiot!!

    All (much deserved) levity aside however, its abundantly clear from the graph post 2018 that Russias finances have been essentially decoupled from oil price.  FOREX reserves continue to soar even while oil gets clawed to shreds in the bear market.  Suck on that Washington and Wall Street. Laughing

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    kvs
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    Post  kvs Mon Sep 14, 2020 11:56 pm



    Russia has developed its own large capacity turbines for power generation using natural gas. Up to now it has been importing
    US (GE) or German (Siemens) turbines. Russia's variant was produced by Saturn and has almost the same efficiency as the
    Siemens turbine (36% vs 36.6%, which is more than the GE 34%). But on top of this it has half the size of both
    the US and German turbines and is substantially cheaper.

    So once again, Russia import substitutes with a superior design both economically and technologically. The other example is
    the replacement of Ukr turbines for ship propulsion. The Russian turbines operate at higher temperatures and achieve substantially
    more thermodynamic efficiency.

    Siemens really fucked itself over with its pandering to the Kiev regime that Merkel helped install. Glorious, poetic justice.
    Russia is embarking on a massive program to replace obsolete and old power generation equipment. This means that
    the demand for such turbines in Russia is in the multiple billions of dollars. Siemens even offered to localize 100% of
    its production in Russia with "full" transfer of technology. They even offered to forgo the tax breaks. Russia said,
    thanks but no thanks.

    Siemens proved itself to be an unreliable business partner on a tight political leash. And Russia took the opportunity to
    start from scratch and use its turbine technology knowhow (Saturn) to make a better product which will both produce
    a Russian domestic GDP boost and control Russian government costs for new power plant construction. Genius.

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    Post  par far Tue Sep 15, 2020 5:08 pm

    After doing a lot of research and going through fake Zionist propaganda, going through stats, what "experts" are saying. I have come to the conclusion that it safe to assume that Russia will leap frog some countries in terms of economic development and development in general.

    Do you guys agree with this?

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    Post  kvs Tue Sep 15, 2020 6:57 pm

    par far wrote:After doing a lot of research and going through fake Zionist propaganda, going through stats, what "experts" are saying. I have come to the conclusion that it safe to assume that Russia will leap frog some countries in terms of economic development and development in general.

    Do you guys agree with this?

    It is a sure thing considering how many western countries are becoming SJW idiocracies. The PC totalitarianism is bearing fruits.
    The millenial generation and its participation trophy education is functionally retarded. It is not an accident that the US
    has been having issues with welding new submarine hulls and building nuclear reactors. The old timers were let go decades
    before now and the training was never carried over to younger engineers. All they have is CAD plans sitting on disk drives
    or SSDs. And their education level is well below that of their predecessors.

    It is ironic, but the information age has arrived together with information processing incompetence by humans. Russia
    is behind the curve when it comes to degeneration seen in the west. Poetic justice in the face of all the haters and
    5th column maggots who yap incessantly about Russia being 50-100 years behind the precious NATzO west. lol!

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    Post  LMFS Tue Sep 15, 2020 8:42 pm

    par far wrote:After doing a lot of research and going through fake Zionist propaganda, going through stats, what "experts" are saying. I have come to the conclusion that it safe to assume that Russia will leap frog some countries in terms of economic development and development in general.

    Do you guys agree with this?

    Russia expects to become this year the fifth world economy by PPP, and by the way the West is ruled it will probably not stop there. Awara Group published some very revealing analysis about Russia's economy and why they have much more future than the West, if you don't know them already maybe you want to check them out.

    https://www.awaragroup.com

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    miketheterrible
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    Post  miketheterrible Tue Sep 15, 2020 9:12 pm

    Awara Group really needs to do another updated article on Imports, Exports and overall Russias economy. It is such a fantastic article and a great breakdown with lots of information that is handy to use against the known culprits.
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    Post  Arrow Tue Sep 15, 2020 10:47 pm

    kvs wrote:

    It is a sure thing considering how many western countries are becoming SJW idiocracies.   The PC totalitarianism is bearing fruits.
    The millenial generation and its participation trophy education is functionally retarded.   It is not an accident that the US
    has been having issues with welding new submarine hulls and building nuclear reactors.   The old timers were let go decades
    before now and the training was never carried over to younger engineers.   All they have is CAD plans sitting on disk drives
    or SSDs.   And their education level is well below that of their predecessors.


    You underestimate the USA. They already have a prototype of the 6th generation fighter.

    https://twitter.com/TheDEWLine/status/1305894299947667457
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    Post  miketheterrible Wed Sep 16, 2020 6:20 am

    Arrow wrote:
    kvs wrote:

    It is a sure thing considering how many western countries are becoming SJW idiocracies.   The PC totalitarianism is bearing fruits.
    The millenial generation and its participation trophy education is functionally retarded.   It is not an accident that the US
    has been having issues with welding new submarine hulls and building nuclear reactors.   The old timers were let go decades
    before now and the training was never carried over to younger engineers.   All they have is CAD plans sitting on disk drives
    or SSDs.   And their education level is well below that of their predecessors.


    You underestimate the USA. They already have a prototype of the 6th generation fighter.

    https://twitter.com/TheDEWLine/status/1305894299947667457

    Laughing

    No they don't. But yeah, peddle that nonsense

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