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    Russian Economy General News: #12

    kvs
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    Post  kvs Sat Jul 10, 2021 11:55 pm

    This "capital outflow" clearly includes retirement of foreign debt. Thus it is a BS metric. Foreign loans are liabilities to the GDP and not
    assets even though economist clowns prance around as if they were assets. Reduction of foreign debt should not be counted as either
    negative GDP change, or capital flight. In the long term it is a net positive.

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    franco
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    Post  franco Mon Jul 12, 2021 12:27 am

    Russia's Econ Ministry raises 2021 GDP growth forecast to 3.8% from 2.9% thanks to investment, retail, services

    MOSCOW. July 9 (Interfax) - Russia's Economic Development Ministry has raised its GDP growth forecast for 2021 to 3.8% from 2.9%, a letter the ministry sent to the country's regions on Thursday showed.

    The letter, a copy of which was obtained by Interfax, contains interim projections for the baseline medium-term forecast for Russia's social and economic development in 2021-2024. The ministry confirmed the authenticity of the document.

    The ministry submitted its previous forecast to the government in April. The ministry estimated that GDP grew by 3.7% in the first five months 2021 compared to the low base of the same period of last year, part of which was under lockdown.

    "We realize that the old scenario conditions were formed in March based on data for January-February, and now we have data in hand for March, April and May and we see that the economy is recovering faster than we expected. Russian GDP in May was 0.3% lower than the pre-pandemic level of the fourth quarter of 2019. We expect recovery to the pre-crisis level this month already," a ministry spokesman told reporters, commenting on the improved forecast.

    The upward revision of the deflator index for 2021 by 2.2 percentage points to 10.7% amid the growth of oil prices led to the nominal GDP estimate for this year increasing by 3.5 trillion rubles to 122.95 trillion rubles for this year, by 5.3 trillion rubles to 132.08 trillion rubles for 2022, by 4.8 trillion rubles to 140.46 trillion rubles for 2023 and by 4.1 trillion rubles to 149.77 trillion rubles for 2024.

    The GDP growth forecasts for 2022, 2023 and 2024 were left unchanged at 3.2%, 3% and 3%, respectively.

    The ministry attributed the improved forecast for this year to stronger growth in consumer and investment demand, retail sales and the service sector.

    The forecast for growth of capital investment has been raised to 4.5% from 3.3% for 2021, but left unchanged at 5.3%, 5.1% and 5.3% for the subsequent three years. Retail sales and consumer services are now expected to grow by, respectively, 6.9% and 14.3% in 2021, rather than by 5.1% and 11.3%.

    The forecast for industrial production has been left unchanged at 2% for 2021, but raised to 3.6% from 3.4% for 2022. The ministry now expects growth of 2.4% (2.5% in previous forecast) in the manufacturing sector and 0.7% (unchanged) in extractive industries in 2021, and 2.5% (unchanged) and 5.9% (5.7%), respectively, in 2022.

    Thus, the ministry is not yet factoring changes in the parameters of the OPEC+ deal to curb oil production and the estimate for oil production in 2021 (549.8 million tonnes) into the forecast.

    "We currently have in hand those agreements, they have been reached, they are being carried out. There is talk of a possible change in the deal, but we all know that the negotiations are not going smoothly, and we need to wait for their results. And, of course we'll factor them into the August forecast if some parameters change," the ministry spokesman said.

    "Our experts estimate the impact of the OPEC+ deal at 1 percentage point of economic growth, not in nominal terms but GDP growth in constant prices. We have additionally factored part of this growth into 2022 growth and part goes to 2023, because this year, according to the terms, our production volume is at the 2020 level taking into account all quarterly schedules," the ministry spokesman said, adding that, under the current terms of the agreement, restrictions on production will be lifted by May 2022.

    https://interfax.com/newsroom/top-stories/72216/

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    flamming_python
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    Post  flamming_python Mon Jul 12, 2021 5:18 am

    They're always conservative and pessimistic

    So it could be more than that Twisted Evil

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    kvs
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    Post  kvs Mon Jul 12, 2021 5:23 am

    The industrial numbers look too low to me. There is a frenzy of production in Russia. Considering that a lot of it did not exist 10 years
    ago, estimates of 2% are unrealistic. That is something you get with no substantial plant construction and no new production lines.
    I would say that the industrial growth rate should be larger than the GDP growth rate.

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    miketheterrible
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    Post  miketheterrible Mon Jul 12, 2021 9:13 pm

    https://sdelanounas.ru/blogs/142303/
    https://www.interfax.ru/business/776843

    The surplus of the consolidated budget of the Russian Federation in January-May amounted to 1.193 trillion rubles.

    The consolidated budget of the Russian Federation in January-May 2021 was executed with a surplus of 1 trillion 193.3 billion rubles, according to the statements of the Federal Treasury.

    Revenues of the consolidated budget as of June 1 amounted to 17 trillion 950.2 billion rubles, expenses - 16 trillion 756.8 billion rubles.

    In January-May 2021, the revenues of the consolidated budget of the Russian Federation were higher than a year earlier, by 2 trillion 576.2 billion rubles, expenses - by 1 trillion 770.3 billion rubles.

    The federal budget was executed with a surplus of 442.1 billion rubles with revenues of 9 trillion 320.3 billion rubles and expenses of 8 trillion 878.2 billion rubles.

    The surplus of the consolidated budgets of the regions in January-May was at the level of 556.1 billion rubles with revenues of 6 trillion 292.4 billion rubles and expenses of 5 trillion 736.3 billion rubles.

    The budgets of state extra-budgetary funds were executed with a surplus of 168.4 billion rubles (revenues - 5 trillion 368.1 billion rubles, expenses - 5 trillion 199.7 billion rubles).

    The budgets of territorial state extra-budgetary funds were executed with a surplus of 26.7 billion rubles with revenues of 1 trillion 57.3 billion rubles and expenses of 1 trillion 30.6 billion rubles.

    For comparison: in January-May 2020, the consolidated budget of the Russian Federation was executed with a surplus of 387.5 billion rubles, the federal budget with a deficit of 273.7 billion rubles, the consolidated budgets of the constituent entities of the Russian Federation with a surplus of 197.3 billion rubles.

    Federal budget revenues for the first five months of this year increased compared to last year's figure by 1 trillion 429.2 billion rubles, expenses - by 713.4 billion rubles.

    Revenues of the consolidated budgets of the constituent entities of the Russian Federation in January-May of this year are 894.3 billion rubles higher than last year, expenses - by 535.5 billion rubles.

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    Scorpius
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    Post  Scorpius Tue Jul 13, 2021 7:22 am

    kvs wrote:The industrial numbers look too low to me.  There is a frenzy of production in Russia.   Considering that a lot of it did not exist 10 years
    ago, estimates of 2% are unrealistic.   That is something you get with no substantial plant construction and no new production lines.  
    I would say that the industrial growth rate should be larger than the GDP growth rate.  
    I want to point out one interesting point. According to official statistics, production in Russia in 2019 and 2020 reached the level of production of the RSFSR in 1991.

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    ALAMO

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    Post  ALAMO Tue Jul 13, 2021 9:17 am

    miketheterrible wrote:
    The surplus of the consolidated budget of the Russian Federation in January-May amounted to 1.193 trillion rubles.

    And that is being done in the pandemic economy, which pushed the whole world's budget to the deficit.
    Even Germany, running a steady surplus for years, recorded a 30-year peaked deficit of almost 5% of a GDP.

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    Arrow

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    Post  Arrow Tue Jul 13, 2021 9:35 am

    The GDP growth of almost 4% is also impressive for the present times. Few countries can now boast such growth.
    flamming_python
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    Post  flamming_python Tue Jul 13, 2021 10:31 am

    We really need 5% this year. Considering the 3% fall last year, the recovery this year, and all the new projects coming online
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    Post  Vann7 Sat Jul 17, 2021 3:02 am

    All this talks about GDP growth in Russia , this is meaningless , is like tarot cards playing , to predict the "good fortune" ,that doesn't tell the whole story in general ,for most nations , specially for a nation ,facing a real war , by the most powerful business alliance the world , and even more for a nation like russia weeks or months away from facing another syrian or armenian like war , in times its facing the major exodus of its young and adult population since Putin came to power in 2000.  No

    it will be impressive ,if russia was a nation at peace , not facing war ,not having any major obstacles to facec, but it is not , when you saw how Fragile and vulnerable is russia economy with a war on oil prices and western sanctions over ukraine ,that went 2% negative growth,, with sanctions from europe and US.  That said , another restart of ukraine or any other conflict , will be enough to keep russia in a permanent paralysis ,in the best case , to a national economic collapse ,as the west did to the soviet union.


    The True economic growth , is only happening in china.  it is on leadership , in the top most prestigious business that are more popular with the global community what really matters .

    China’s Xiaomi overtakes Apple in global smartphone market

    https://www.rt.com/business/529361-xiaomi-beats-apple-smartphone/

    Russian Economy General News: #12 - Page 12 60f1648585f54043f9620991

    True nation development , comes from success ,when you lead.
    when you see the champagne and celebrations of everyone , in things really impact the entire planet
    and do a major contribution on the development of it.  Smile

    This are the news that influence the world , and create real headlines, when a nation surpass the business leaders of the world.. this will be like defeating the american NBA dream team , in the olympics in a 5 game series , but multiplied by 100. Because sports everyone forgets about it , just a week later ,after an olympic event , but nobody forgets ,the companies ,that they more enjoy and appreciate ,for their direct contribution , in making more productive and fun their lives.

    This is the clear message china is sending the world..

    we are powerful , we can surpass the leaders of the global economy , and we can replace them.
    this is the real benchmarks ,that really matters ,those that makes your nation surpass your enemies
    most important and popular industries. Defeating apple is not a small thing , in the middle of sanctions , that's what i will call impressive.  or defeating NASA in space , by having 2 rovers in 2 planets at same time.. as china did in moon and mars.. this kind of things , leadership , are the things that makes a real difference , into a nation future and not meaningless GDP .

    Russia can continue bragging about rice farming and banana records , or hockey or other stupid sports medals ,or their super duped faster missiles that nobody else needs , and neither russia will ever use on anyone. The real impressive events in the world ,is when a nation stand against all odds ,and surpass those leading the world in their own most important business. Smile

    Chinesse understand success , sadly Russia does not.  Keep focused in distractions ,that will not help russia in any way ,to increase their influence over the world ,other than rejected nations Russia don't influence any foreign society in the world, this is why Russia culture ends on its borders and not even influence its closest neighbors ,like georgia ,ukraine ,kazakistan ,neither the baltics ,neither belarus... this is how mediocre Russia softpower is .. and why is so easy to weaken and stagnate its development.


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    calripson

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    Russian Economy General News: #12 - Page 12 Empty Russia is Not China

    Post  calripson Sat Jul 17, 2021 5:01 am

    Vann7 wrote:All this talks about GDP growth in Russia , this is meaningless , is like tarot cards playing , to predict the "good fortune" ,that doesn't tell the whole story in general ,for most nations , specially for a nation ,facing a real war , by the most powerful business alliance the world , and even more for a nation like russia weeks or months away from facing another syrian or armenian like war , in times its facing the major exodus of its young and adult population since Putin came to power in 2000.  No

    it will be impressive ,if russia was a nation at peace , not facing war ,not having any major obstacles to facec, but it is not , when you saw how Fragile and vulnerable is russia economy with a war on oil prices and western sanctions over ukraine ,that went 2% negative growth,, with sanctions from europe and US.  That said , another restart of ukraine or any other conflict , will be enough to keep russia in a permanent paralysis ,in the best case , to a national economic collapse ,as the west did to the soviet union.


    The True economic growth , is only happening in china.  it is on leadership , in the top most prestigious business that are more popular with the global community what really matters .

    China’s Xiaomi overtakes Apple in global smartphone market

    https://www.rt.com/business/529361-xiaomi-beats-apple-smartphone/

    Russian Economy General News: #12 - Page 12 60f1648585f54043f9620991

    True nation development , comes from success ,when you lead.
    when you see the champagne and celebrations of everyone , in things really impact the entire planet
    and do a major contribution on the development of it.  Smile

    This are the news that influence the world , and create real headlines, when a nation surpass the business leaders of the world.. this will be like defeating the american NBA dream team , in the olympics in a 5 game series , but multiplied by 100. Because sports everyone forgets about it , just a week later ,after an olympic event , but nobody forgets ,the companies ,that they more enjoy and appreciate ,for their direct contribution , in making more productive and fun their lives.

    This is the clear message china is sending the world..

    we are powerful , we can surpass the leaders of the global economy , and we can replace them.
    this is the real benchmarks ,that really matters ,those that makes your nation surpass your enemies
    most important and popular industries. Defeating apple is not a small thing , in the middle of sanctions , that's what i will call impressive.  or defeating NASA in space , by having 2 rovers in 2 planets at same time.. as china did in moon and mars.. this kind of things , leadership , are the things that makes a real difference , into a nation future and not meaningless GDP .

    Russia can continue bragging about rice farming and banana records , or hockey or other stupid sports medals ,or their super duped faster missiles that nobody else needs , and neither russia will ever use on anyone. The real impressive events in the world ,is when a nation stand against all odds ,and surpass those leading the world in their own most important business. Smile

    Chinesse understand success , sadly Russia does not.  Keep focused in distractions ,that will not help russia in any way ,to increase their influence over the world ,other than rejected nations Russia don't influence any foreign society in the world, this is why Russia culture ends on its borders and not even influence its closest neighbors ,like georgia ,ukraine ,kazakistan ,neither the baltics ,neither belarus... this is how mediocre Russia softpower is .. and why is so easy to weaken and stagnate its development.



    You are as consistent as a clock. What you continually fail to grasp is the simple truism that Russia is not and can never be China. Stop comparing the two. China has a population almost 10x times that of Russia. China was the major beneficiary of 30 years of massive western investment directly targeted originally at the USSR. Russia is presently, and as long as it attempts to retain its sovereignty always will be, economically targeted by the west. No member of the "club" will allow Russian companies to target their critical industries or technologies on national security grounds. China has the advantage of a 30 year head start not to mention a domestic market 4x larger than the US and over 2x that of the EU based on population. They organically can grow companies to international scale based on their own economy - something Russia can never do.

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    Tingsay

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    Post  Tingsay Sat Jul 17, 2021 7:51 am

    Vann7 wrote:All this talks about GDP growth in Russia , this is meaningless , is like tarot cards playing , to predict the "good fortune" ,that doesn't tell the whole story in general ,for most nations , specially for a nation ,facing a real war , by the most powerful business alliance the world , and even more for a nation like russia weeks or months away from facing another syrian or armenian like war , in times its facing the major exodus of its young and adult population since Putin came to power in 2000.  No

    it will be impressive ,if russia was a nation at peace , not facing war ,not having any major obstacles to facec, but it is not , when you saw how Fragile and vulnerable is russia economy with a war on oil prices and western sanctions over ukraine ,that went 2% negative growth,, with sanctions from europe and US.  That said , another restart of ukraine or any other conflict , will be enough to keep russia in a permanent paralysis ,in the best case , to a national economic collapse ,as the west did to the soviet union.


    The True economic growth , is only happening in china.  it is on leadership , in the top most prestigious business that are more popular with the global community what really matters .

    China’s Xiaomi overtakes Apple in global smartphone market

    https://www.rt.com/business/529361-xiaomi-beats-apple-smartphone/

    Russian Economy General News: #12 - Page 12 60f1648585f54043f9620991

    True nation development , comes from success ,when you lead.
    when you see the champagne and celebrations of everyone , in things really impact the entire planet
    and do a major contribution on the development of it.  Smile

    This are the news that influence the world , and create real headlines, when a nation surpass the business leaders of the world.. this will be like defeating the american NBA dream team , in the olympics in a 5 game series , but multiplied by 100. Because sports everyone forgets about it , just a week later ,after an olympic event , but nobody forgets ,the companies ,that they more enjoy and appreciate ,for their direct contribution , in making more productive and fun their lives.

    This is the clear message china is sending the world..

    we are powerful , we can surpass the leaders of the global economy , and we can replace them.
    this is the real benchmarks ,that really matters ,those that makes your nation surpass your enemies
    most important and popular industries. Defeating apple is not a small thing , in the middle of sanctions , that's what i will call impressive.  or defeating NASA in space , by having 2 rovers in 2 planets at same time.. as china did in moon and mars.. this kind of things , leadership , are the things that makes a real difference , into a nation future and not meaningless GDP .

    Russia can continue bragging about rice farming and banana records , or hockey or other stupid sports medals ,or their super duped faster missiles that nobody else needs , and neither russia will ever use on anyone. The real impressive events in the world ,is when a nation stand against all odds ,and surpass those leading the world in their own most important business. Smile

    Chinesse understand success , sadly Russia does not.  Keep focused in distractions ,that will not help russia in any way ,to increase their influence over the world ,other than rejected nations Russia don't influence any foreign society in the world, this is why Russia culture ends on its borders and not even influence its closest neighbors ,like georgia ,ukraine ,kazakistan ,neither the baltics ,neither belarus... this is how mediocre Russia softpower is .. and why is so easy to weaken and stagnate its development.




    Damn! It's been months.
    What's the  Genius Chosen Ones, destined to create High Tech Bizniz and So-So Starwars to influence western dorks and bring down Western Empire, up to? The 4D geniuses are still waiting on dumbass dinosaur Putin to tell them what to do? lol1   lol1   lol1

    Man this genius dumbasses are failing pathetically. Guess we're gonna have to give them a few more months? Ok then

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    GarryB
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    Post  GarryB Sat Jul 17, 2021 8:38 am

    They organically can grow companies to international scale based on their own economy - something Russia can never do.

    Not to mention something Russia does not need to do.

    Russia does not need to be the best in the world at everything and take over from the US and the west as the worlds police force and the biggest censored on the bitch farm.

    Russia just needs independence from the west which she has, and has largely had delivered to her from the US who screams bloody murder if any link might be created that she does not approve of like NSII or anything else for that matter.

    Russia just needs to keep doing exactly what she is doing and resist the wests attempts to undermine her or destroy her independence.

    The west is destroying itself, Russia does not need to do anything to contribute to that, because that might just draw an attack from the west and blame for all their problems... the west is always looking for solutions where it can blame others for its problems and weaknesses...

    In 20 odd years they might be worth looking at but they need to grow up and get a bit of maturity... right now they are spoiled little brats you wouldn't want to spend any time with let along engage in partnerships and future growth and development with.

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    ALAMO

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    Post  ALAMO Sat Jul 17, 2021 10:19 am

    He lives in his own bubble made out of chewing gum, leave him go Laughing
    The two gas processing plants constructed at the moment here near the Peter, and on Amur, equals about $40 billion solid investments.
    Both will be ranked among the biggest in the world.
    Thanks to the Amur plant, they have the biggest production cap of helium on a planet.
    The shipbuilding industry was reincarnated, and in a decade became one of the three biggest in the world, equal to the Chinese and Korean. New shipyards and modernization of existing ones are at a full speed ahead, all over Russia.
    River/shore transport assets are functionally renewing in full.
    The fishing fleet is functionally renewing.
    Ust-Luga port is simply exploding, flying to the Moon. 570 bln RUR investment. 4th biggest dry cargo port in Europe, just behind Hamburg, but hey, they are only warming up ...
    Overall Russia, ports are being created from a null.
    The pipes constructed in the last decade itself totals 100 bln $ alone.
    Rail infrastructure is booming - the program for 2019-2025, including the project participants part, is $150+ bln. Hey, they are building close to 20 000 km of new rails. Twenty thousand. New. Not modified.
    Newly constructed roads amounted $80bln from 2010 to 2019, and another $110 bln for 2019-2024 projects. There is no point watching the newly build bridges, lanes, and bypasses, as those are being created daily basis.
    Education alone gets so much investment, that new schools are opening all over Russia like mushrooms in warm Autumn.
    What they are doing, is creating solid, stable fundaments for the economy to grow. Security of resources production, security of transportation, developing of new areas of the economy, creating a giant industrial base at a level of 5. Years Plans.
    Each and every project released leads Russia to the top of global producers of different things. The things that matter.
    One must realize the gigantic of these projects, the number of assets applied, and combine it with the obvious observation: you don't spend that much money if your economy is not booming. One does not need new ports all over the territory if the export is stagnant. There is no need to build an 8k DWT cargo ship in dozens if your economy is crumbling.
    The Baltic port cluster of Peter, Primorsk, and Ust-Luga will have a yearly capacity of 400 mln tons soon. That equals all the ports of the Soviet Union, COMBINED.
    So take your pills, and go to your room, Vann. Adults talking now.

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    Vann7

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    Post  Vann7 Mon Jul 19, 2021 12:17 am

    calripson wrote:


    You are as consistent as a clock. What you continually fail to grasp is the simple truism that Russia is not and can never be China. Stop comparing the two. China has a population almost 10x times that of Russia. China was the major beneficiary of 30 years of massive western investment directly targeted originally at the USSR. Russia is presently, and as long as it attempts to retain its sovereignty always will be, economically targeted by the west. No member of the "club" will allow Russian companies to target their critical industries or technologies on national security grounds. China has the advantage of a 30 year head start not to mention a domestic market 4x larger than the US and over 2x that of the EU based on population. They organically can grow companies to international scale based on their own economy - something Russia can never do.

    That's all excuses , to justify the paralysis ,that Russia economy have shown , completely dependent
    from US mood ,and completely vulnerable to the west.  Russia have a population of 140 millions , why not compare with all the nations ,that are  far more advanced business and far more influential in the world too..

    1)Japan -have a population of 120millions.. and is miles ahead , far more modern than russia , they build their own weapons , their own space program ,and their own technology too..  

    2)South korea-   51 millions population, - far away more advanced and modern business economy than russia,  they produce everything,even their own weapons too , what is the excuse for russia to be such inferior industrial power than south korea?

    3) Taiwan -  20 million population..  is decades ahead over russia , is the manufacturing plant of the planet in high tech.. semiconductors and many other high tech electronics.. what is the excuse for russia economy to not change at all since the russian empire era? a third world based business economy?

    4)israel - population..9 millions, what is the   excuse ,that russia with 140 million of citizens , is way behind israel in advance electronics too , semiconductors and in many areas of advance medicine ?

    When a top russian olympic skater got injured his back , he had to travel to israel to get advanced
    help ,to restore his health.

    5) findland..  population 5 millions ,  even findland , with a very insignificant population , 15x times inferior..than russia , is more advanced than russia in modern civilian business , in high tech .


    6) singapore.  even a country with 4 millions is more advanced their business , more global ,than russia. they exports to the entire world , while russia only export gas to europe and weapons to mostly third world nations .

    Germany , France , and britain much lower population than russia , yet with a far more advanced and more business than russia , that export advance technology for the entire world.

    it should be embarrassing that a nation like south korea , have to help Russia to build a modern naval port. because russia don't know how to do it.  since is a soviet era economy state but with far away less ambitions.


    The problem with Russia is not having a "big enough population" to compete with the west.
    the problem is that is run by fools ,by an outdated president , that all he have been doing since he came to power , is transform russia into a saudi arabia of asia ,and modernize their military.
    that's it.  most advanced business of russia , did not even came during putin era.. but during soviet union . The only things , the very few , handful business have , that the world could be interested , did not even came during putin's 22 years in power , but from soviet union.. space industry , nuclear industry ,all that came from the soviet union ,given to russia on a silver plate.  but so far during Putin regime of 22 years , not a single modern business have surfaced , that anyone in the world can name.

    Don't make excuses for such incompetent President , he have been wasting a fortune of russian budget , in pipelines to the west and east , (most of russian debt is  from those pipelines) and investing in sport bullshit distractions events and in celebrating the past.. events.  when you have an incompetent president running the nation for so long , what you get is an stagnation of their economy ,and major problems of influence in the world.

    Russia is the most disrespected country in the world , for one reason . because the incompetent president of russia ,have done absolutely nothing in 22 years , since 1999 ,to this date , to challenge
    the western modern business alliance system , to offer an alternative to the world.

    the west tells nations , if you want to trade with us.. you need to follow us..
    and what the world does? they see russia have nothing ,to offer them , and so they follow the west.
    is a leadership problem , the reason russia sucks so much in creating alliances.. only rejected third
    world nations like cuba and venezuela follows russia. Not even china follows russia , when he asked
    "Dedolarization" , is the other way ..

    Putin's Russia is not a leader nation , but a parasite state , that follow the western system , follows the western banking system ,the western internet , the western rules , and later the fool don't understand , why russia is not treated fairly  and is alone in the world.   Putin have chosen the lamest path , of development of his country , the saudi arabia way , investing a real fortune in gas stations pipelines and olympic distractions , but when it comes to the real important things ,he slash the budget and invest almost nothing on it. he is the only one responsible for the misery russia is facing today , that is completely disrespected nation in the world , ignored nation by the west.. the reason is obvious.. no nation in the world,  no matter how stupid polite is putin ,will follow an outdated business nation like russia , and risk being cut ,from the western business leading world.

    So putin is the only one to blame for all this lack of influence , lack of allies they face , he have been in charge of the direction the nation economy will move ,and he have full control over the nation budget and control over his own parliament. and he choose to follows the western system ,later he don't understand ,why nobody takes seriously Russia interest in the world.  No

    is a leadership crisis what Russia face.  Does not influence the world with any business , have also a poor influence with their powerful military which is crazy , and all this goes back to who runs the nation. when you have a weak and insecure president running the country , that shows weakness
    and to be a complete fool , then everyone else in the world ,see that russia is not a country you can rely, because any nation that accept to be "friend" of russia , will live a miserable life.. as cuba and venezuela have shown and with russia totally incapable to help them.


    Why would any nation in the world , make an alliance with an outdated country like Russia ,that leads in nothing that societies in the world cares , and that is very dependent of the western business world? As long russia continues having a fool for President, nothing will change , because he does nothing to stop its enemies , neither does nothing to change the correct perception the world have ,that russia is an outdated nation , with outdated economy and an outdated and insecure president.


    The industrial power of Russia ,simply sucks ,Because of the tunnel vision of their president .
    that don't see how his mediocre development of the nation is the reason why russia is not taken seriously.


    This is unfortunate because russia is a nation that can do a major contribution to the world ,and not just gas discounts and taxi to the ISS or a nuclear reactor over there ., and do real things ,for the benefit of the entire world true development ,but is all wasted by the very bad management of the nation .  No
    GarryB
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    Post  GarryB Mon Jul 19, 2021 6:13 am

    Such rambling Vann, you are truly a product of the west, so quick to find fault, and even faster to find blame because you have a bad guy list and just blame the person at the top of the list at the moment, but of course your list only has one name.

    If Russias situation is only excuses then we have nothing to discuss really because by most performance indexes Russia is doing better than any advanced rich and power western country... we just don't normally hear about it on our news media because it does not fit with western propaganda which is what you seem to spew onto this site.

    Most people come here to see a bit more balance, even if it upsets you because it seems to show the opposite of what your western propaganda information feed tells you.

    Some of it might be propaganda the other way, but that is fine... I don't care.

    As entertaining as you can be, I will start to worry when you say Putin is not so bad... and Russia is doing the right thing now...

    And for your list...

    Japan is not a country, it is owned and controlled by the US... it is a vassal state.

    South Korea is the same... how many foreign troops are in Russia and how many are in South Korea and Japan?

    And that is why I think you are talking shit... if the only way Putin can be cool and Russia can be saved is to become like either of those countries then I think Russia is better off not being Americas resource bitch.

    Taiwan. Half the world don't even recognise it as being a country... it needs very very powerful friends to continue to exist... just like Israel really... and how many trillion do they get in kickbacks to maintain the fascade?

    Ironically couldn't find Findland on a map anywhere, but for tiny unimportant countries development and growth can be impressive, but they can never amount to much at all really... trust me... I live in one.

    If you went there I suspect you will constantly hear about how much better it is in Sweden or Norway and that their only chance of a safe future would be to join HATO...

    All these countries you mention... what aircraft do they make, what armoured vehicles can they build, what ships serve in their navies, how many nuclear weapons do they have, how long would they last with the economic sanctions and general bullshittery that Russia gets from the west in general and the US in particular?

    Expose any of those countries to the sanctions and bullshit Russia gets daily from the west and everyone of them would collapse and disappear.

    Funny you think Russia needs more people, because they people they already have don't seem to be enough to compete with tiny countries by your own word... surely the solution is a tiny population.

    When climate change accelerates... defrosted Siberia starts to release terra giga tons of methane from the huge peat bog that it is essentially the change in temperatures are going to be rather more dramatic and weather conditions are going to become more extreme... billions of people are likely to die, so having a smaller population that could be more mobile would be of more value than just having huge numbers of people you wont be able to save anyway.

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    lyle6
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    Post  lyle6 Mon Jul 19, 2021 2:09 pm

    Japan, South Korea, Taiwan, Singapore - all are vassal occupied countries that have no sovereignty at all. If for some reason they get on Uncle Sam's shitlist and they get slapped by even a whiff of the pressure America is exerting on Russia the economy of these countries would go down the shitter faster than you can flush a toilet.

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    Post  calripson Mon Jul 19, 2021 5:31 pm

    I have changed my mind. Vann has brought me around. In fact, I think Vann should run for president of Russia. I think he can win! Under his wise leadership, Russia can someday aspire to be a world power and influencer on the scale of Finland or Singapore.

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    miketheterrible
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    Post  miketheterrible Mon Jul 19, 2021 5:54 pm

    calripson wrote:I have changed my mind. Vann has brought me around. In fact, I think Vann should run for president of Russia. I think he can win! Under his wise leadership, Russia can someday aspire to be a world power and influencer on the scale of Finland or Singapore.

    As much as I like this humor, please do not give him any ideas.

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    PapaDragon
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    Post  PapaDragon Mon Jul 19, 2021 8:32 pm

    miketheterrible wrote:...As much as I like this humor, please do not give him any ideas.

    Hey, if they elect him they deserve everything that happens to them thumbsup

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    ALAMO

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    Post  ALAMO Mon Jul 19, 2021 8:59 pm

    That is very true, every nation deserves the government they vote for Laughing
    Russkies have Putin, Muricans had Beilzheimer.

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    GarryB
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    Post  GarryB Tue Jul 20, 2021 8:49 am

    Just read a few of Alamos posts above about the progress Russia has made and all of it under sanctions from the US and the EU, the self appointed world police hyper power lynch mob that destroy countries for fun.

    The fact that you don't appreciate that this was done with no special cards or no super powers, Putin only had the hand he was dealt and he has used them expertly to get Russia into a position of strength.

    Russia isn't pumping out 6 CVNs at once, they aren't sending space craft to land on the Sun, they have been hit by Covid just like everyone else.

    The point is that Russia has planned and worked towards building a decent naval fleet both military and civilian, and given time it should count amongst the best and most powerful for any country even if it isn't the biggest, or does not invade as many countries as western ones do.

    Russia has essentially be rejected by the west so it is reshaping itself to trade with China and Asia and the rest of the world and for that it needs ships, so that explains the first part, the second part is where trade leads to ties with other countries and development of those countries and they become strong independent countries too who can have their say about things and be able to protect their own interests.

    Covid requires vaccination, and in a couple of years time when it remains in some corners of the planet because they couldn't afford or weren't allowed vaccines by the west because of sanctions and withholding state funds held in London, it requires a very specific set of skills to deal with the new strains... Russia has proven it has the skills and technology to deal with the new strains and variants, what they lack is production capacity, so perhaps a bit of funding in that area would be useful... when it has finished making vaccines for the current threats perhaps it could be tasked in the future with looking out for other virus threats both man made and natural so future responses can be better.

    Funding in new drugs and cures instead of treatments would benefit the world... sharing such technology with their new trade partners can only benefit mankind.

    That is very true, every nation deserves the government they vote for

    Well for the British, there was no public vote to put Boris into the hot seat was there?

    Boris, Creepy Joe, Merkel, Micron... the west has clearly been very bad indeed.

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    ALAMO

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    Post  ALAMO Tue Jul 20, 2021 9:17 am

    If one is interested in the visualization of this what I am saying, there is an easy way.
    Just take Google Earth, and zoom to Baltiysk and Kaliningrad harbours on the Baltic.
    I suppose you are skilled to recognize things from this perspective, but I will make it easier: each vessel with a green painted deck and crane-like construction on the stern, perpendicular to the hulk, is a fishing trawler.
    Noticed how brand new and fresh they all are?
    It is not just one. All of them. Big and small, from ocean-going giants, constructed to fish in the Atlantic down to the road.
    This fleet has resurrected in front of our eyes.
    Just take a look at port facilities, one must not be trained to recognize it, but you will easily spot that those things are brand new.
    Zoom the Ust-Luga. This harbour is a city itself.
    All that constructions can be inspected. What will blow you out of your shoes, is the scale of it.
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    Post  Vann7 Fri Jul 23, 2021 8:51 am

    The west is planning a major disconnection of Russia from the world wide web.
    all major media sites ,from cnn to youtube bloogers are spreading stories that Russian hackers
    highly likely connected with the government are hacking US major companies , including their gas pipelines , and their internet and their federal buildings..

    this is preparations on US population ,for the very major big thing , their next phase of sanctions
    they planned for decades , to isolate russia from the world..  how they will do this ,and when exactly
    no idea ,  but because the propaganda is at full scale , it looks is very soon , probably weeks or months away.

    The west wants to use this business alliance overwhelming power , business leadership ,they have over
    Russia , as a weapon , to send a signal to every other nation ,that they can be cut off too and sent to the stone age , their nation development.

    likely disconnected from the banking system too , and the west will use this hackers cool stories ,
    to justify this. and to fully implement this , they need at least to get the right people in France and Germany , (elections will happen soon) , too change leadership there.

    So while completely blocking russia from online ,could be tricky if china helps russia ,to bypass the block a little bit ,still it will make it very hard , if not impossible for russia ,to receive any tourism from anglo-european west , and neither from their asian allies too.  

    Putin made a big mistake , in allowing the west dominate so much in high tech and the price he will have to pay will be seen in the near future.  Looks pretty much , they want to empty russia , of young people ,the ones that more  use the internet  and accelerate the major exodus of its population that have been going ,since putin announced "pivot to the west" .  

    Russia internet websites are out of the question too , they will be all banned , including putin's financed media. And only china could help Russia to communicate with the outside world , albeit in a limited way .

    whatever it happens , there is next to zero chance , Russia will survive the incomming sanctions the west is planning , if europe breaks commercial relations with russia ,under pressure from US and UK.
    such level of isolation , did not happened ,not even during the cold war of soviet era. Perhaps ,that might be a good thing , because it will force the fool in power , in moscow ,that his entire development direction of his country ,as a bananas /gas stations exporter was completely wrong.
    and being blocked from internet and from american /asian allies tech might end breaking russia ,in many parts ,from the inside , with their own unhappy population.

    If the anglowest is successful , Europe will be fully controlled by them , and Russia only way to survive will be to become a puppet state of china , which is the only way Russia will have to modernize their nation for real , from a backwards economy as it is now. Even in space , Russia will
    depend from china and its far more ambitious and agressive space program.


    Three potential outcomes for russia under clueless president like putin are.
    1) Russia to become a puppet state of china ,
    2) Russia to become a puppet state of europe .
    3) Russia to be destroyed ,and dismembered like soviet union did .


    of course , there is a small possibility of a world war 3 too , but eventually It Will be the true developed nations of Europe or China that will have in their hands the future of russia.

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    Post  PhSt Wed Jul 28, 2021 6:31 am

    Russian economy recovering quicker than expected — IMF


    WASHINGTON, July 27. /TASS/. The Russian economy is recovering from the consequences of the COVID-19 pandemic at a quicker pace than expected, IMF Chief Economist Gita Gopinath said at a special briefing on Tuesday.

    "In the case of Russia, we have seen faster recovery. So the first-quarter GDP growth has <...> come in stronger than we were expecting and because of that, it has led to an upgrade," Gopinath said.

    The growth of Russian GDP will be 4.4% in 2021, the International Monetary Fund (IMF) said earlier in its report on global economic development prospects. The IMF has improved its estimate for this year by 0.6 percentage points compared to its April report.

    At the same time, the Fund revised its outlook for 2022 down to 3.1% against 3.8% in April. IMF experts also changed their assessment of the economic downturn in Russia in 2020 from 3% to 3.1%.

    "Of course, there are still challenges ahead, the pandemic is not over, we have seen cases going back up, vaccination rates are <..> progressing but still the coverage is incomplete. So, there is much more that needs to be done on that front," she noted.

    "The recovery is happening earlier than we had anticipated. As already mentioned, we are seeing signs of that strength, and it's not just the manufacturing sector but also the reopening of the economy and the strength of the service sector," Petya Koeva Brooks, the Deputy Director in the IMF’s Strategy, Policy, and Review Department, said.

    https://tass.com/economy/1318345

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