Russia Defence Forum

Would you like to react to this message? Create an account in a few clicks or log in to continue.

Military Forum for Russian and Global Defence Issues


+38
Tingsay
ALAMO
JohninMK
Daniel_Admassu
higurashihougi
Tsavo Lion
SeigSoloyvov
nero
thedrunkengeneral
PapaDragon
lyle6
Azi
lancelot
Nomad5891
owais.usmani
Hole
troperker
mnztr
magnumcromagnon
slasher
Scorpius
franco
par far
LMFS
Big_Gazza
kvs
miketheterrible
AlfaT8
elconquistador
George1
Backman
GarryB
flamming_python
calripson
PhSt
Vann7
Arrow
Kiko
42 posters

    Russian Economy General News: #12

    kvs
    kvs

    Posts : 10624
    Points : 10771
    Join date : 2014-09-11
    Location : Canuckistan

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  kvs Tue Aug 24, 2021 1:37 am

    By "technology" this journalist means cell phones. By such standards most of the advanced west does not make any such technology
    either. BTW, Apple uses Chinese engineers and not just assembly line workers with all the "intellect" residing in the USA.

    Russians are really under informed and under educated about the reality of the mythical advanced west. They take so much that
    they have for granted and assume it is bottom of the barrel. This is a collective mental disease that was created during the Soviet
    time, but will take generations to undo. Russians are lucky they have Putin and others who are not idiots who measure Russia's
    success by cell phones.

    Big_Gazza, miketheterrible and Hole like this post

    Big_Gazza
    Big_Gazza

    Posts : 2727
    Points : 2727
    Join date : 2014-08-25
    Location : Melbourne, Australia

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  Big_Gazza Tue Aug 24, 2021 5:54 am

    Kiko wrote:We switched to our own: why Russian goods are often more expensive than foreign ones, 22/08/2021.


    Too pessimistic. Not a single word regarding the inherent advantages of promoting import substitution - reduction of capital outflows (payments for imports), increased taxation base (local enterprising making more profit), increased employment opportunities, and export of surplus for foreign earnings (and taking business away from the #$@&s who are trying to sabotage Russias economy and undermine her geopolitics).

    These goals take time to mature. Its a (multi) decadal plan, and the piteous crying of mercenary business types who only care to make a fortune from export/re-sale needs to be ignored with heaps of scorn and derision.

    kvs and Hole like this post

    Scorpius
    Scorpius

    Posts : 335
    Points : 337
    Join date : 2020-11-06
    Age : 33

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  Scorpius Tue Aug 24, 2021 9:51 am

    such morons, who imagine themselves to be experts, do not understand elementary things. Economics and technology are a pyramid. You can't master the next level without a solid foundation. So, you first organize resource sovereignty, then food sovereignty, then sovereignty in the field of basic energy technologies... fucking nonsense like iPhones is not even in the tenth place on this list. Right now, Russia is busy ensuring sovereignty in the field of microelectronics.

    Big_Gazza and kvs like this post

    avatar
    ALAMO

    Posts : 637
    Points : 639
    Join date : 2014-11-25

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  ALAMO Thu Sep 02, 2021 9:07 am

    Some nice info for Russian food products export.



    For non-speaking ones, the shortcut :

    Russian-made ice cream created a country-wide hysteria in China after President Xi was treated with them by "his dearest friend Vladimir".
    Its sales have hiked tenfold since then, and a 300% y/o/y increase continues.
    Several Russian brands are already there, and now the Chinese business looks for the opportunity and seeks ice cream suppliers from Russia.
    The same applies to chocolate, it is becoming fancy in both Japan and China. Several Russian sweets brands are sold in two big general stores net in Japan already.

    GarryB, flamming_python, Big_Gazza, kvs, PapaDragon, zepia, Hole and like this post

    avatar
    par far

    Posts : 2605
    Points : 2848
    Join date : 2014-06-26

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  par far Fri Sep 03, 2021 10:20 pm

    Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/

    kvs
    kvs

    Posts : 10624
    Points : 10771
    Join date : 2014-09-11
    Location : Canuckistan

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  kvs Fri Sep 03, 2021 10:42 pm

    par far wrote:Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/


    Russia is part of the IMF and SDRs are not loans. It is similar to US treasury bills but based
    on a basket of currencies. SDRs are a type of asset that can be bought and sold. So
    Russia is doing nothing new since it had US treasury bills in its reserves before.

    franco
    franco

    Posts : 4406
    Points : 4438
    Join date : 2010-08-18

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  franco Fri Sep 03, 2021 10:46 pm

    kvs wrote:
    par far wrote:Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/


    Russia is part of the IMF and SDRs are not loans.   It is similar to US treasury bills but based
    on a basket of currencies.    SDRs are a type of asset that can be bought and sold.   So
    Russia is doing nothing new since it had US treasury bills in its reserves before.  


    One of the times that when the rich get richer... it works Laughing

    An interest free credit card... russia
    avatar
    par far

    Posts : 2605
    Points : 2848
    Join date : 2014-06-26

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  par far Sat Sep 04, 2021 4:42 pm

    kvs wrote:
    par far wrote:Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/


    Russia is part of the IMF and SDRs are not loans.   It is similar to US treasury bills but based
    on a basket of currencies.    SDRs are a type of asset that can be bought and sold.   So
    Russia is doing nothing new since it had US treasury bills in its reserves before.  




    So Russia is buying these and they can sold at a higher price?
    kvs
    kvs

    Posts : 10624
    Points : 10771
    Join date : 2014-09-11
    Location : Canuckistan

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  kvs Sat Sep 04, 2021 4:45 pm

    par far wrote:
    kvs wrote:
    par far wrote:Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/


    Russia is part of the IMF and SDRs are not loans.   It is similar to US treasury bills but based
    on a basket of currencies.    SDRs are a type of asset that can be bought and sold.   So
    Russia is doing nothing new since it had US treasury bills in its reserves before.  




    So Russia is buying these and they can sold at a higher price?

    Same as US, EU or other treasury bills. Nothing to see here, really.

    franco
    franco

    Posts : 4406
    Points : 4438
    Join date : 2010-08-18

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  franco Sat Sep 04, 2021 4:47 pm

    par far wrote:
    kvs wrote:
    par far wrote:Why is Russia getting money from IMF?

    https://www.rt.com/business/533858-imf-transfer-russia-reserves-record/


    Russia is part of the IMF and SDRs are not loans.   It is similar to US treasury bills but based
    on a basket of currencies.    SDRs are a type of asset that can be bought and sold.   So
    Russia is doing nothing new since it had US treasury bills in its reserves before.  




    So Russia is buying these and they can sold at a higher price?

    Not buying any thing. Basically a line of credit that is interest free.
    kvs
    kvs

    Posts : 10624
    Points : 10771
    Join date : 2014-09-11
    Location : Canuckistan

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  kvs Sat Sep 04, 2021 5:33 pm

    SDRs can be traded and are not loans.

    https://www.imf.org/en/About/FAQ/special-drawing-right

    The Fund facilitates transactions between members seeking to sell or buy SDRs
    and these counterparties to the voluntary arrangements that effectively make a market
    in SDRs. Under the guidance of the Fund, participants in the SDR department can also
    enter into bilateral transactions amongst themselves or with prescribed holders.

    The Special Drawing Right (SDR) allocation is not a loan from the IMF. When the
    IMF allocates SDRs, participants in the SDR Department receive unconditional liquidity
    represented by an interest-bearing reserve asset (SDR holding) and a corresponding
    long-term liability to the SDR Department (SDR allocation).


    It does not take much to find this information.
    Hole
    Hole

    Posts : 4499
    Points : 4491
    Join date : 2018-03-24
    Age : 45
    Location : Merkelland

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  Hole Sat Sep 04, 2021 8:47 pm

    The IWF had to give them to Russia and other states because the westeners need the billions to keep their heads over water.

    miketheterrible likes this post

    GarryB
    GarryB

    Posts : 30564
    Points : 31094
    Join date : 2010-03-30
    Location : New Zealand

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  GarryB Sun Sep 05, 2021 11:32 am

    So it is more like dividends because others are borrowing more money to pay for Covid effects on their economies but Russia did not.

    Hole likes this post

    franco
    franco

    Posts : 4406
    Points : 4438
    Join date : 2010-08-18

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  franco Tue Sep 14, 2021 8:48 pm

    The ruble has become one of the 20 most popular currencies in the world

    At the end of July, for the first time since 2016, the Russian ruble entered the top 20 popular world currencies with a 0.18% share in international settlements. This was reported on September 14 by "RIA Novosti" with reference to the data of the global system of interbank transfers SWIFT.

    The ruble is in 20th place, as in December 2016. The share of transfers in rubles was 0.26%.

    The first place is occupied by the US dollar (39.38%), the second is the euro (38.43%). The third line of the rating with 5.99% went to the British pound sterling. The five leaders are the Japanese yen (2.74%) and the Chinese yuan (2.19%).

    On June 4, the Russian Ministry of Finance announced the decision to zero the share of the US dollar in the structure of the NWF. The head of the department, Anton Siluanov, said that the initiative was justified, since now there is increase in sanctions threats against Russia from the United States.

    On the same day, Russian President Vladimir Putin announced that Moscow did not want to get rid of the dollar as a reserve currency or a universal means of payment. At the same time, he noted that Washington's actions are detrimental dollar as the world's reserve currency.

    According to the head of the Accounts Chamber Alexei Kudrin, the rejection of the dollar in the structure of the National Welfare Fund will not affect the dollar turnover in Russia. .

    As Gazeta.ru adds , the ruble's entry into the top 20 currencies was facilitated by its active promotion by Russia as a means of international settlements with trading partners. This opinion was expressed by Dmitry Babin, a specialist at BCS World of Investments.

    https://iz-ru.translate.goog/1221524/2021-09-14/rubl-stal-odnoi-iz-20-samykh-populiarnykh-valiut-v-mire?_x_tr_sl=ru&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=ajax,elem

    PapaDragon, Hole, Kiko and Russian_Patriot_ like this post

    Hole
    Hole

    Posts : 4499
    Points : 4491
    Join date : 2018-03-24
    Age : 45
    Location : Merkelland

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  Hole Tue Sep 14, 2021 9:56 pm

    In 5 years he will be in the top 10.

    GarryB likes this post


    Sponsored content

    Russian Economy General News: #12 - Page 16 Empty Re: Russian Economy General News: #12

    Post  Sponsored content


      Current date/time is Sat Sep 18, 2021 10:17 pm