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    Russian Economy General News: #11

    LMFS
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    Post  LMFS on Thu Aug 13, 2020 2:10 am

    miketheterrible wrote:He did? When?

    https://ria.ru/20200811/1575630758.html

    "At the same time, now budget revenues have begun to recover, and I would ask you not to cut, but if something has already been proposed, to restore funds associated with the purchase of medicines for privileged categories of citizens and for cancer. This needs to be restored," the president said.

    "There are some other areas, for example, the defense industry, but we will talk about this separately with the Prime Minister," he added.

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    kvs
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    Post  kvs on Thu Aug 13, 2020 3:36 am

    miketheterrible wrote:https://tass.com/economy/1187791

    Russia halts denunciation of tax agreement with Cyprus
    Cyprus has agreed to Russia’s terms on raising the tax on dividend and interest to 15%, Russia’s Finance Ministry informed Monday

    If this is effective immediately an not in 2024 then it is a good development. Obviously Cyprus cannot afford to stop being and offshore
    for Russian money so it eventually had to bend.

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    Post  kvs on Thu Aug 13, 2020 3:37 am

    LMFS wrote:
    miketheterrible wrote:He did? When?

    https://ria.ru/20200811/1575630758.html

    "At the same time, now budget revenues have begun to recover, and I would ask you not to cut, but if something has already been proposed, to restore funds associated with the purchase of medicines for privileged categories of citizens and for cancer. This needs to be restored," the president said.

    "There are some other areas, for example, the defense industry, but we will talk about this separately with the Prime Minister," he added.

    This should be done without pleading. It should be done with multiple heads rolling.

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    Post  Hole on Thu Aug 13, 2020 12:00 pm

    He is a polite man and this was in front of cameras.
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    Post  LMFS on Thu Aug 13, 2020 12:43 pm

    Plus there are rules specifying what the head of state can do and what is responsibility of the government... respect for the law needs to start from above or is worth nothing. But I agree that the time for these leeches in the ministry of finance to keep slowing Russia down is over and they need to finally understand it.

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    Post  kvs on Thu Aug 13, 2020 5:18 pm

    LMFS wrote:Plus there are rules specifying what the head of state can do and what is responsibility of the government... respect for the law needs to start from above or is worth nothing. But I agree that the time for these leeches in the ministry of finance to keep slowing Russia down is over and they need to finally understand it.

    Rules have to make sense and be useful. How the f*ck can some ministry act autonomously from the elected government.
    That is a de facto deep state. Like I pointed out before, in Canada the Prime Minister does not ask the ministries to do
    what he wants. He appoints the ministers who then appoint the deputy and assistant deputy ministers. They impose
    the will of the elected government on the policy pursued by the ministries. In Russia it looks like Putin does not even
    have the power of the Canadian Prime Minister. Some tyrant!
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    Post  Viktor on Mon Aug 17, 2020 9:15 pm

    Is it known ratio between state govern economy and private economy in Russian economy ?

    Russian gold and foreign exchange reserves exceeded $ 600 billion for the first time
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    Post  kvs on Mon Aug 17, 2020 10:53 pm

    Viktor wrote:Is it known ratio between state govern economy and private economy in Russian economy ?

    Russian gold and foreign exchange reserves exceeded $ 600 billion for the first time

    It was 70% private by the end of the 2000s. Since the government has continued selling of state companies this
    fraction has not dropped. But key companies are state owned much like Crown Corporations in Canada.

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    Post  kvs on 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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    Post  magnumcromagnon on 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
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    Post  Hole on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on Fri Sep 11, 2020 11:22 am

    Main political opponent Laughing Laughing Laughing lol!

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