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


+33
Isos
mnztr
LMFS
Rodion_Romanovic
ArgentinaGuard
Tolstoy
Werewolf
owais.usmani
GarryB
flamming_python
kvs
Kiko
Hole
JohninMK
ludovicense
Scorpius
ALAMO
Begome
caveat emptor
andalusia
Broski
par far
Belisarius
sepheronx
PhSt
lyle6
Arrow
higurashihougi
Firebird
Sprut-B
AlfaT8
franco
lancelot
37 posters

    Russia and economic war by the west #3

    avatar
    ALAMO


    Posts : 6992
    Points : 7084
    Join date : 2014-11-26

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  ALAMO Thu May 30, 2024 8:55 am

    GarryB wrote:Russian billionaires who thought they could make good money building factories in western countries and sending cheap Russian raw materials to these factories for processing and sales on foreign markets have been burned by the current situation...

    Russian companies that thought a good business model would be to use Russian resources and Russian money to invest in the west to sell in western markets have ended up taking huge losses...


    You are describing basically the German model.
    Whole "economic miracle of Germany" was driven by two factors nobody dares to call open.
    The first one was a fact that already in the 60s, all the golden teeth ripped from the Jewish corpses, melted, and legalized by both Swiss and Swede banking system started to flow back from South America to Germany.
    The second was Druzhba pipeline, which started to operate back in 1964, providing inexpensive oil to the west, supported by the 80s agreements covering gas supplies via Brotherhood.
    Both secured the west - especially Germany and Austria - with inexpensive resources and fuel supplies, while opening wide the Soviet economy for supply of expensive, high added value industrial production.
    The power of BASF was created on resources that allowed the creation of chemical giant.
    All the polymer branch of Germany was set on Soviet, and Russian later gas that was never cleaned of valuable rare elements.
    All the metallurgy business in Germany, was powered by Russkie gas, and a giant sell of products to the Russian market.
    All the pipes for Nord Stream were made in Europe, and most of the NS2 pipes - too.
    On top of that, EU based automotive business enjoyed almost half of the 30+ bln E Russkie market, with a decent share of profits on the remaining half, enjoying joint venture in the Russian largest brands.

    Cutting off the German economy from that bidirectional connection simply murdered it.
    And EU along.

    This is why EU officials are sliding into the politically driven madness, as the one way ticket has already been supplied to them. They simply don't know what to do, while making a step back would hurt the ego of the people of the mental condition in pair with Micron.

    sepheronx, GarryB, franco, flamming_python, xeno, kvs, Walther von Oldenburg and like this post

    Arkanghelsk
    Arkanghelsk


    Posts : 3802
    Points : 3808
    Join date : 2021-12-08

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Arkanghelsk Thu May 30, 2024 1:46 pm

    caveat emptor wrote:As someone that claims he works for accounting firm you should know that type C accounts are uniquely Russian and created by RCB.
    Claiming existence of type C accounts in Cyprus, jurisdiction where RCB doesn't have any power, is not even laughable. It shows that either you're lying that you have any  connections to anything in finance, you're completely incompetent or extremely stupid, have mental issues or you're just a troll and a dumb one.
    RCB can't freeze or repossess shit in Cyprus.  I think that even people without any  knowledge about finance understand that.
    As for reserves, it is very simple math question. Can they make out whole from this situation?  Most likely government liquid reserves can, and assets owned by Russian government or private companies not so much.
    Of course, another question of responsibility comes to mind, but that will have to be left for after the war. Or, very likely, it will be forgotten and pushed under the carpet.

    “Through accounts in Cyprus and Russia” doesn’t mean they have to freeze anything in Cyprus

    Only a doofus makes this link without using basic google search to learn what a type C account is

    It is a special depository account opened by a Russian resident to facilitate payments to foreign creditors

    It’s that simple, and yes much of the offshore wealth held in Cyprus was moved to Russian type C accounts the moment that the MINFIN implemented this alternate payment system

    Euroclear/Clearstream was the traditional means to make payments on bond holdings and to facilitate deposits/withdrawals into Russian accounts for western investors

    When euroclear and Clearstream got blocked, westerns still wanted to receive payments on bond holdings, distributions from earnings, and if they had to close their investments/make a sale of interest in corp/partnership, or liquidation of a security

    So the scheme went, a joint corporation opened by a Russian oligarch who was residing in Cyprus and a British investor contributed capital into a project in Russia and used euroclear to facilitate payments and distributions

    When the system went down, said oligarchs opened type C accounts to facilitate transactions on behalf of western partners

    Now that is blocked, they can’t get their money out of Russia , and the value of those are 288 billion USD +


    You don’t need finance connections to do a basic google search

    But you’re not here to even fact check the basic nonsense you post

    You are here to show how good you are at slinging shit

    sepheronx and GarryB like this post

    flamming_python
    flamming_python


    Posts : 9234
    Points : 9296
    Join date : 2012-01-30

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  flamming_python Thu May 30, 2024 7:41 pm

    5:45
    Switch on English captions if you need them



    Talk about pissing in the pool. Dutch PM Mark Rutte arrives to Kazakhstan and makes all these plans for grand European investments into Kazakhstan (which mostly use the country to enter the Russian market), the furthering of the Trans-Caspian logistics corridor and so on

    They can't be be up to anything but no good Suspect
    sepheronx
    sepheronx


    Posts : 8644
    Points : 8906
    Join date : 2009-08-06
    Age : 35
    Location : Canada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  sepheronx Thu May 30, 2024 8:03 pm

    There is no short of Kazakhstani's who will suck off the EU.  So this comes as no surprise that Mark sees an opportunity to stir trouble there with fake promises of investments.

    But I doubt much will come of it, since its just 1 politician from a nobody country so....

    What is interesting though is that I imagine there is still a ton of people who think EU has actually something to provide. Because as far as anyone else is aware, majority of EU is divulging into a depression and industries are leaving EU countries, with EU becoming nothing more than a paper bill mill.

    Countries like China and Russia can provide so much more and also obtain a market, combined, much larger than EU. So why would they risk it?

    GarryB, zardof and Broski like this post

    Hole
    Hole


    Posts : 10953
    Points : 10933
    Join date : 2018-03-24
    Age : 48
    Location : Scholzistan

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Hole Thu May 30, 2024 10:18 pm

    Bribes. BIG Bribes.

    GarryB likes this post

    sepheronx
    sepheronx


    Posts : 8644
    Points : 8906
    Join date : 2009-08-06
    Age : 35
    Location : Canada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  sepheronx Thu May 30, 2024 10:20 pm

    Hole wrote:Bribes. BIG Bribes.

    Still doesn't make sense. Those Bribes become useless when that money is useless nearly around you.

    But lets say they do take it, and they **** things up for themselves like as seen with Oligarchs from Russia who now has to move their money back home or otherwise go bankrupt and a pariah.
    Arkanghelsk
    Arkanghelsk


    Posts : 3802
    Points : 3808
    Join date : 2021-12-08

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Arkanghelsk Thu May 30, 2024 11:11 pm

    Mark Rutte is the proposed NATO secretary general by the US to replace Stoltenberg

    It’s clear what the intention is

    GarryB, flamming_python, GunshipDemocracy and Kiko like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Thu May 30, 2024 11:23 pm

    Russia has become the fourth largest economy in the world, 05.30.2024.

    The Russian Federation has become the fourth economy in the world in terms of purchasing power parity.

    MOSCOW, May 31 - RIA Novosti. The Russian economy, in terms of purchasing power parity, became the fourth economy in the world back in 2021, and in the next two years it retained these positions, according to RIA Novosti calculations based on World Bank data.

    The organization on Thursday updated data on purchasing power parity indicators: it follows that Russia has already become the fourth economy in the world in 2021 with a share of 3.8% of global GDP, displacing Japan (3.7%) and Germany (3.4%).

    Russia's GDP at purchasing power parity in 2021 was $5.7 trillion, Japan's was $5.6 trillion, and Germany's was $5.2 trillion.

    Over the next two years, the situation continued, RIA Novosti calculated. The Russian economy grew to $6 trillion in 2022 and $6.45 trillion last year. At the same time, Japanese GDP increased to $5.9 trillion and $6.3 trillion, and German GDP increased to $5.5 and $5.9 trillion, respectively.

    China remains the absolute leader in terms of economic size, calculated at purchasing power parity, in 2021-2023 - its GDP reached 35 trillion at the end of last year. The United States ranks second with 27.4 trillion last year. India closes the top three with $14.6 trillion.

    At the end of 2022, the World Bank reported that Russia had become the fifth largest economy in the world, displacing Germany into sixth place. However, the purchasing power parity calculations were based on 2017 data and were updated Thursday to include 2021 data.

    Russian President Vladimir Putin previously set the goal of becoming the fourth largest economy in the world and instructed the Cabinet of Ministers to prepare measures to achieve this goal by March 31, 2025.

    https://ria.ru/20240531/ekonomika-1949535403.html

    GarryB, flamming_python, dino00, kvs, GunshipDemocracy, zardof, Hole and Broski like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Thu May 30, 2024 11:45 pm

    Multinational companies are tired of anti-Russian sanctions, by Gleb Prostakov for VZGLYAD. 05.30.2024.

    Transnational business is demonstrating in every possible way its readiness to cooperate with Russia, while the political establishment of the West, on the contrary, is radicalizing. Power and money began to diverge in interests, which is not typical for the United States.

    How differently the Western political and business establishment views the confrontation with Russia demonstrates the limits of risk acceptable to the conflicting parties. The other day, the Financial Times published an alarmist article entitled “Western business has backed down its plans to leave Russia.” More than two years after the start of the conflict in Ukraine, it turned out that a little more than 10% of transnational companies that did business in Russia left the country.

    According to the Kyiv School of Economics, which maintains this register, only 387 companies have completely left the Russian market, 1,223 companies have reduced their activities, and another 2,100 continue to operate. At the same time, at the political and diplomatic level, the West has already introduced almost all possible sanctions, and to come up with something new, you need to try very hard. The difference in approaches at these two levels lies in costs.

    The costs associated with exiting the Russian market have been constantly growing over the two-year period. The lucky ones were the most timid transnational companies - they sold their business quickly, when the costs of this process were minimal. But now the only way out is at a loss, and the loss is colossal. Transactions on the sale of assets of residents of unfriendly countries require the approval of a special government commission. Among the significant conditions are a 50% discount to the real market value of the asset and a 15% exit tax. It is almost impossible to transfer company shares to management, as was the case at the very beginning. It is increasingly difficult to stipulate the possibility of repurchase in the terms of the contract. Those who leave are gone forever.

    Most Western companies waited until the last minute in the hope of ending or at least freezing the conflict. But when they realized that the conflict was systemic in nature, it was too late to leave. Moreover, companies with European roots and a sales market in the EU, taking into account the crisis state of the European economy itself, could not compensate for losses incurred in Russia at the expense of their native markets. The exodus of European business to the United States and China, along with the loss of the Russian market, promised a bleak future for many multinationals.

    In addition, production facilities organized in Russia were often oriented not only to the local sales market, but also to the markets of the EAEU countries. The sale or confiscation of these production facilities largely meant the loss of the markets of Kazakhstan, Kyrgyzstan and Armenia (if we do not take into account Belarus, which, like Russia, was under sanctions).

    Leaving would not have been so offensive if the Russian market for industrial and consumer goods itself had collapsed following the collapse of the economy. But this did not happen either: the Russian economy not only did not collapse, but is also growing, albeit not without significant government injections. And the consumer boom is restrained largely artificially - by the key rate of the Central Bank, which fears that excess money in the system will result in uncontrolled inflation.

    Fatigue and irritation of Western business from the actions of their politicians reached its climax in 2024. Many companies - such as Auchan - openly say that they do not intend to leave the Russian market. Allegorical language, references to the impossibility of selling a business, etc. are becoming a thing of the past. Western companies are ready to hold on to the Russian market even despite the threat of being scolded by regulators in their own countries. Simply because the regulators themselves cannot punish their own businesses for trying to survive and make money in the current economic realities.

    They also reined in Ukraine, which, taking advantage of the euphoria of support, pursued foreign businesses operating in Russia. Unexpectedly, in March of this year, the Ukrainian government refused to maintain a register of so-called international sponsors of the war, which included companies such as Nestle, PepsiCo, Raiffeisen bank and many other famous brands. On the other hand, Western companies that showed particular vigilance were pointedly and pointedly punished by Moscow. Thus, the assets of Danone and Carlsberg were confiscated and transferred to the management of the Federal Property Management Agency. Subsequently, however, the decision regarding Danone was changed, and the French factories were sold to a company from Tatarstan.

    Yes, the notorious Ermak-McFaul commission (named after the head of the presidential administration of Ukraine and the former US ambassador to Russia) is still working, inventing new sanctions and pressure schemes on Russia. There is talk about maintaining and even lowering the price ceiling for Russian oil, and about a ban on pipeline Russian gas, uranium, aluminum and much more. But all this is more about pleasant gatherings in the offices of American think tanks. In reality, when Kyiv initiated attacks on Russian refineries and oil prices went up, the Biden administration, which still has to go to the polls this year, gave Ukraine a slap on the wrist. This is the true cost of sanctions.

    Transnational business is demonstrating in every possible way its readiness to end the conflict, while the political establishment, on the contrary, is radicalizing. Power and money began to diverge in interests, which is not typical for the United States. Which means the end is indeed near. If we are already talking about strikes by Western weapons on the deep territory of Russia and a possible nuclear response from Moscow, it means that right now that impenetrable darkness has arrived, which, as we know, happens just before dawn.

    https://vz.ru/opinions/2024/5/30/1270533.html

    GarryB, flamming_python, xeno, zardof and Hole like this post

    GarryB
    GarryB


    Posts : 39449
    Points : 39947
    Join date : 2010-03-30
    Location : New Zealand

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  GarryB Fri May 31, 2024 7:07 am

    This is why EU officials are sliding into the politically driven madness, as the one way ticket has already been supplied to them. They simply don't know what to do, while making a step back would hurt the ego of the people of the mental condition in pair with Micron.

    The amusing thing is that what Russia was doing was because of protectionism in the west... to sell Russian goods in the west Russia had to build factories in the west and hire western workers to work in those factories to import cheap Russian raw materials and energy and produce in the west the products they will then be allowed to sell in the west.

    I rather suspect Europe is going to demand China does the same with electric cars... China will have to build factories in Europe to make the electric vehicles they want to sell in the European market, but of course these factories will just be assembly factories that import all their parts and materials and components from China to the EU and then European workers will assemble the cars making the costs similar to western car makers who will also be importing parts like electric motors and batteries and other material from China too, and using European workers... it levels the playing field and means China spends money in the EU and the EU economy.

    Europe might do the same in China where they build car factories in China to make cars for the Chinese and possibly Russian and markets around the world... using cheap Russian energy and having their factories close to the factories that make the Components they need and use and using local cheap labour, they will be extracting profits from China so their cars will still be expensive but that is extracting money from the Chinese economy which is what white european colonial powers do.

    Still doesn't make sense. Those Bribes become useless when that money is useless nearly around you.

    The thing is that when they are accepting bribes they are not thinking long term or about the future of their country or their own personal future.

    When they are in a position of power they will be treated well and receive bribes but 10 years down the track everything might have turned to custard and the place is in a shambles... ie Ukraine. The people in power now had nothing to do with what happened in 2014 and they get their own bribes to keep it all going, but no one else is offering free money and the people accepting the money are not thinking it through.

    In 10 years time with the western influence that is bought by the bribes they will have immersed the population in anti Russian propaganda to the point where most are hostile to Russia but don't really know why because they haven't gotten any bribes... they just hear every day that Russia is bad and Putin is bad and they believe it now.

    But lets say they do take it, and they **** things up for themselves like as seen with Oligarchs from Russia who now has to move their money back home or otherwise go bankrupt and a pariah.

    The difference is that this is a fishing exercise where the EU country is trying to snag valuable resources like Uranium and gas and other resources... not just buying... they have the technology to extract the resources so their companies will be working locally and the country might earn some tax from them extracting billions in resources.

    By the time they realise what is happening it will all be EU owned and locked down tighter than a sharks arse. (waterproof).

    Mark Rutte is the proposed NATO secretary general by the US to replace Stoltenberg

    It’s clear what the intention is

    Once EU companies are extracting valuable resources then the threat from Russia will require HATO bases there and a fast track to HATO membership to to keep it safe.

    Multinational companies are tired of anti-Russian sanctions

    Most companies don't care about religion or politics and just want to do business... western companies are not in Russia for charity, they are there because they make good money... better money often, than they can make in their own economic market at home.

    The reality is the same in the rest of the world... much more money to be made in a growing young market than a static or declining market like western markets at the moment... especially when those western markets are full of big companies that destroy competition every chance they get.

    kvs, Hole and Broski like this post

    kvs
    kvs


    Posts : 15332
    Points : 15469
    Join date : 2014-09-11
    Location : Turdope's Kanada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  kvs Fri May 31, 2024 1:49 pm

    That Khuyiv list of companies leaving Russia fits their retardation.   Feeling good because your neighbour has problems.   Projecting your own inadequacy onto
    somebody else.   So it is gratifying that Russia's problems are minor but Ukria's problems are terminal.   Ukrians deserve every ounce of pain.   Their hater mentality and
    thieving of Russian history and land needs severe punishment.

    Anyway, it does not matter what foreign companies do in Russia.   We saw rapid substitution of supply chains in 2022 and the Mother of All Sanctions from NATzO fizzled out
    in spectacular fashion.    Russia is not a dependent banana republic where foreign companies can exert coercive influence.   They are fully fungible.   The more of them
    leave, the better since Russian companies and companies from non-western countries can take their place.   This is a net benefit for humanity.

    GarryB, GunshipDemocracy, Hole, lancelot and Broski like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Thu Jun 06, 2024 10:21 am

    Russia Has Become ‘Economic Role Model’ to Rest of the World – Analyst, by John Miles for Sputnikglobe.com. 06.06.2024.

    Russia’s ability to achieve impressive growth under Western coercive measures has led countries around the globe to seek guidance and partnership with the country.

    In recent decades, sanctions have become a policy tool of choice for Western leaders seeking to undermine global adversaries. With anti-war sentiment on the rise among conflict weary Americans, the United States, in particular, has relied on economic restrictions and penalties to leverage its influence internationally.

    Two-thirds of global sanctions since the 1990s have been imposed by the US, estimates academic Manu Karuka, and one-third of that number have been imposed by President Joe Biden alone. Some one-fourth of the world’s nations are now sanctioned by the UN or Western countries, claims economist Francisco Rodríguez.

    Although sanctions are frequently proposed as an alternative to armed conflict, the policy is not without controversy. “Sanctions may significantly worsen the situation of the civilian population,” writes researcher Joy Gordon, preventing access to food, medicines, and other essentials. While scholars question the degree to which these measures effectively force political change, their often dire consequences for ordinary people are difficult to deny.

    The emergence of the Russian Federation from a recent set of severe US-led sanctions largely unscathed, then, is seen as a landmark moment by Global South nations seeking to resist a tactic often employed by the West.

    Moscow has not only survived the economic aggression but has thrived, surpassing Germany and Japan to become the world’s fourth-largest economy, notes security analyst Mark Sleboda. The international relations expert joined Sputnik’s The Critical Hour program Wednesday to discuss why countries around the world increasingly see Russia as an economic model and partner.

    “I don't think we're quite at a multipolar world yet, but we definitely see it envisioned and it's birth taking place, even if the US-led Western global hegemon is trying to strangle that birth and prevent it from taking place,” said Sleboda, agreeing with the premise of analysis on the website Orinoco Tribute that examined participation in this year’s St. Petersburg International Economic Forum.

    The article posits the creation of “new growth centers” as a building block for such an order, with Global South countries strengthening bilateral relations to build power independent from the Western-led economic system. The article notes efforts to strengthen ties in areas such as pharmaceuticals, energy production, education, security, and space programs.

    “Isolation” was “the buzz word of 2022,” Sleboda noted, with observers predicting Russia’s economic demise in the face of denunciations from the West over its special military operation in the Donbass. But “out of 192 countries, plus or minus, in the world, 136 of them are going to have participants at the St. Petersburg International Economic Forum,” the analyst noted, “including several heads of state.”

    “In terms of GDP adjusted for purchasing power parity, during this time period of the existential economic war of sanctions on Russia by the West, Russia's economy has leapfrogged from sixth place to jump Germany for fifth place,” he added. “And now, in recent months – the World Bank has announced the new numbers – Russia has jumped Japan as well to reach the fourth-largest economy in the world… despite the West's best and most heated efforts to destroy Russia's economy.”

    “Boom. That is the sound of the US-led Western global hegemony cracking. That is amazing,” the analyst added.

    “Everyone wants to know how did Russia become the Teflon Don of global geoeconomics,” Sleboda explained. “Because they don't know when they might be put in the same position. Now there's a train coming and Russia is directing that train.”

    The international relations expert noted that African countries, in particular, are seeking cooperation with Russia as they look to break away from patterns of dependency established after their independence from Western colonial rule in the 20th century.

    “[Sergey Lavrov] is being welcomed by the Africans and there are a number of Africans that he is visiting who also have representatives, of course, at the St. Petersburg International Economic Forum,” he reported. “And all of those countries right now are seeing the performance of Russian weapons on the battlefield against the vaunted wonder weapons of the West. And, let me tell you, there is a queue right now for when this special military operation ends.”

    “And that's why Lavrov is being greeted as almost a conquering hero as a representative of the Russian government and the foreign minister of Russian President Vladimir Putin. Russia is an inspiration because the countries of Africa have long been very much suffering under the heel of US-led Western global hegemony… They've suffered enough that they're looking for an inspiration and a model that works. And a partner in how to get out from under that jackboot.”

    https://sputnikglobe.com/20240606/russia-has-become-economic-role-model-to-rest-of-the-world--analyst-1118799634.html

    GarryB, flamming_python, kvs, GunshipDemocracy, zardof and Hole like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Thu Jun 13, 2024 6:05 pm

    The Kremlin assures that the Russian Central Bank is able to guarantee stability in the markets, 06.13.2024.

    MOSCOW (Sputnik) — The Central Bank of Russia is capable of ensuring stability in all markets, Kremlin spokesman Dmitry Peskov said.

    "The Central bank is a mega-regulator and is able to ensure stability in all markets, which is what it is doing," Peskov told reporters commenting on the corresponding Yanqui sanctions

    As for the response to new US sanctions, Peskov noted that Russia is examining "actions that best serve the interests" of the country.

    On June 12, the Yanqui Treasury Department announced new anti-Russian sanctions that affect the scientific, energy, financial, defence and even social spheres. In particular, Washington banned the provision of services in the software and IT sector to anyone on the territory of Russia.

    The new US anti-Russian sanctions affect more than 300 natural and legal persons in Russia, as well as in Asia, the Middle East, Europe and Africa.

    According to the database Castellum.AI , more than 18,000 individual and sectoral sanctions were activated against Russia since the beginning of Ukraine's special military operation.

    Russian President Vladimir Putin maintains that the policy of containment towards Russia is part of the West's long-term strategy, and that the sanctions are a strong blow to the world economy.

    Yandex Translate from Spanish.

    https://latamnews.lat/20240613/el-kremlin-asegura-que-banco-central-ruso-es-capaz-de-garantizar-estabilidad-en-mercados-1155427013.html

    GarryB and zardof like this post

    GarryB
    GarryB


    Posts : 39449
    Points : 39947
    Join date : 2010-03-30
    Location : New Zealand

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  GarryB Fri Jun 14, 2024 7:40 am

    That Khuyiv list of companies leaving Russia fits their retardation. Feeling good because your neighbour has problems. Projecting your own inadequacy onto
    somebody else. So it is gratifying that Russia's problems are minor but Ukria's problems are terminal. Ukrians deserve every ounce of pain. Their hater mentality and
    thieving of Russian history and land needs severe punishment.

    Western companies are not in Russia to help Russia... Western companies are in Russia to make money and extract it out of the Russian economy and you can bet the production they set up in Russia is likely running cheaper and more efficiently than in western countries so production in Russia to sell to other countries to make a bigger profit is what they are all about.

    Kicking them out of the Russian market cuts their income and the fact that they leave their assets and resources and companies behind means a Russian buyer can take over their business paying 10 cents on the dollar of what ever it is worth, with half the value being taken by the Russian government in taxes or course many are choosing to stay because they can stay and keep making money or they can decide to leave and create competition for themselves owned by a Russian owner who takes your business for a fraction of what it is worth and can start making money straight away... no set up time, no need to create market share... it is a complete working business handed to someeone.

    If Kiev thinks this is making Russia weaker then they don't really understand what is happening because these Russian companies can spread their new franchises across the rest of the world and be direct competition with cheaper and cleaner non GMO material in their food.

    kvs likes this post

    sepheronx
    sepheronx


    Posts : 8644
    Points : 8906
    Join date : 2009-08-06
    Age : 35
    Location : Canada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  sepheronx Fri Jun 14, 2024 7:49 am

    No one should be taking cues and advice from the same people who kept repeating the Russia in tatters or Russian economy is shattered. They keep parading around this narrative all the while information is let out about how well Russia is actually doing and how development is causing some potential overheating of the economy.

    In the end, whatever the west or Ukraine says, about nearly anything, can and should be taken with a grain of salt.

    kvs, Hole and Broski like this post

    kvs
    kvs


    Posts : 15332
    Points : 15469
    Join date : 2014-09-11
    Location : Turdope's Kanada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  kvs Fri Jun 14, 2024 2:49 pm



    British MSM not reporting on this. Rolling Eyes

    flamming_python, GunshipDemocracy, Hole and Kiko like this post

    Hole
    Hole


    Posts : 10953
    Points : 10933
    Join date : 2018-03-24
    Age : 48
    Location : Scholzistan

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Hole Fri Jun 14, 2024 4:13 pm

    British MSM not reporting on this.
    Surprised?  Very Happy

    flamming_python likes this post

    kvs
    kvs


    Posts : 15332
    Points : 15469
    Join date : 2014-09-11
    Location : Turdope's Kanada

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  kvs Fri Jun 14, 2024 5:12 pm

    No. But the sore loser level is beyond max.

    The UK has experienced a big economic hit from the sanctions war on Russia. They pretend that it is unrelated.

    Sore losers.

    GarryB, flamming_python, Werewolf, GunshipDemocracy, Hole and Broski like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Tue Jun 18, 2024 1:12 pm

    Russian assets are destroying Western economies, by Sergey Savchuk for RiaNovosti. 06.18.2024.

    While all the attention of the world press was focused on the empty transfusion of water at the Swiss get-together called the “peace summit,” much more profound events were taking place along the way. US Treasury Secretary Janet Yellen, speaking on ABC television, said that the United States would not consider the use of proceeds from Russia's frozen assets to be theft. Naturally, in favor of Kyiv.

    Before moving on to further conversation, we will immediately outline two key points. First, to dismiss accusations of pro-Russian bias out of hand, all the numbers and values ​​below are taken from Western sources. Secondly, all financial processes are deliberately simplified so that they are understandable to the widest possible range of people, especially those without specialized education and experience.

    Let's start with the concept of Russian assets abroad. In the two years since the beginning of the SVO, everyone has heard about them, but not everyone understands what we are talking about.

    First. The State Development Corporation of Russia VEB.RF (Vnesheconombank) defines them as credit obligations of foreign borrowers for loans issued by the Soviet Union and the Russian Federation. To put it simply, these are loans that our government issues to foreign buyers to purchase a wide range of domestic goods, killing several birds with one stone. State money supports the real sector of our economy, financial and banking structures receive interest on it, and since we are talking about the foreign trade of a large state, the interest is not at all funny. This concept also includes gold and foreign exchange reserves, buildings of our diplomatic missions and other objects that one way or another belong to the Russian state, but the main part is loans.

    According to American financial institutions, a total of about $300 billion is blocked abroad, but it requires clarification that the term “about” means “less.” The lion's share of assets is frozen within the Belgian financial network Euroclear . It specializes in clearing (non-cash transactions) and ensuring settlements for securities transactions. The exact volume of Russian assets here is unknown, but it is known that in the United States their volume is five to six billion dollars. Some more are locked inside financial organizations in Canada and Japan , but their share in the total is insignificant.

    Second. In the philistine environment, there is a popular indignant opinion that the freezing of state assets is unacceptable carelessness and almost criminal negligence on the part of Russian authorities. Like, how did they even allow this to happen and why wasn’t everything taken out in advance. This assessment is as primitive as it is far from reality.

    To begin with, there were no such precedents in world history. Yes, state assets were frozen, but these were shares of a disproportionately smaller scale. Among other things, you need to keep in mind that these financial market processes are directly related to purely military events. Let us recall that the beginning of the Northern Military District was an absolute shock for the whole world, that is, our enemies actually slept through the enormous military training, accumulation of forces and equipment, and their deployment to deployment lines, which made it possible to immediately take huge areas, which have now become new regions of the country.

    If Moscow began to actively sell off its reserves, currency and securities, this would arouse keen interest and far-reaching conclusions, because only a very naive person could think that Western intelligence services do not monitor market news and they do not have specialized consultants. Well, it also needs to be said that over the past two-plus years, our currency basket has been reformed, and part of the assets have already returned to Russia or been transferred under the jurisdiction of friendly countries.

    Third, and here we get to the point.

    Discussions about the need to seize Russian assets have been going on almost since the first day of full-scale hostilities and are more reminiscent of ritual dances with a tambourine. This topic is most actively discussed in American financial and political circles, by default shifting the dubious honor to the European Union - they say, you have the main reserves, it’s up to you to act. If you trace similar reasoning in the Old World, it will be very noticeable that even politicians touch this topic only with their fingertips, and European financial institutions think through every word on the topic with manic scrupulousness. And there is a reason.

    Pay attention to Janet Yellen's statement that began our conversation today. She emphasizes that the United States will not punish the European Union if it tries to withdraw interest accumulated on Russian foreign loans. We are talking, among other things, about the amount of three billion dollars paid by borrowers at the end of 2023. Only the interest, and not the assets themselves, is important. In recent speeches by G7 leaders , the amount of 60 billion appeared, but where it came from is not entirely clear.

    Western financial analysts write that even if (the last two words need to be emphasized) the European Union dares to take such a step, it will provide some assistance to Ukraine , but will not have a devastating effect on Russia. Quite the opposite.

    While the Western allies were dancing with a tambourine, Moscow redirected more than two-thirds of its raw material exports to friendly countries, that is, it guaranteed itself sales markets and a constant influx of foreign exchange earnings. The next fact is that, thanks to close cooperation at the state level, Russia is moving further away from dollar-pegged trade, increasingly moving to alternative currencies - primarily the yuan, but turnover in Indian rupees, Turkish lira, and Brazilian reals. Transactions themselves are increasingly carried out through a financial messaging system (FMTS), which also increases security against external attacks.

    And now the most important thing: why the collective West does not dare to seize Russian assets, but only considers the possibility of using interest.

    As we remember, the bulk of foreign assets are loans. The European Union and its accomplices blocked about (less than) 300 billion dollars, while the debt of Russian borrowers to Western creditors significantly exceeds 300 billion. Nobody knows the exact amount, but, according to the same Western estimates, the total liabilities of our companies are closer to 400 billion.

    For simplicity: we are owed 300, we owe 400 - give or take.

    Withdrawal of assets automatically cancels all external obligations of Russian participants. And if until this moment there was an indirect exchange, when foreign assets were withdrawn from the country, and in response the blockade was lifted and part of its finances was returned to Russia, then in this case the system will stop working. Western creditors will receive a net irrecoverable loss of almost one hundred billion.

    According to the law of conservation of energy, a loss for Western financial institutions means a similar profit for Russian borrowers - usually state-owned. If this happens, the Central Bank of Russia will have the opportunity to issue (print) rubles for the specified hundred billion dollars without restrictions. Not only will this not cause inflation, but by reducing the size of foreign exchange reserves it will lead to an increase in the mass of net domestic assets. Simply put, the domestic Russian economy will become even stronger, and its basis more stable. And all this is due to direct Western losses.

    That is why there is endless talk about the need to seize it and transfer it to Ukraine, but in practice Russian assets lie in Belgian accounts, where payments and interest are constantly coming in, and no one dares to open a Pandora’s box worth a hundred billion dollars. Politicians can say whatever they want, but global bankers count every cent.

    https://ria.ru/20240618/ekonomika-1953538556.html

    GarryB, lancelot and Broski like this post

    GarryB
    GarryB


    Posts : 39449
    Points : 39947
    Join date : 2010-03-30
    Location : New Zealand

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  GarryB Tue Jun 18, 2024 2:47 pm

    Only the interest, and not the assets themselves, is important. In recent speeches by G7 leaders , the amount of 60 billion appeared, but where it came from is not entirely clear.

    My understanding of that is that the EU was going to use the less than 300 billion in Russian assets as collateral to issue Kiev loans of 50-60 billion (probably 50 billion Euros which probably equates to 60 billion US dollars)...

    But of course you can't get a loan with your neighbours house as collateral... it needs to be something you own before it can be used that way.

    lancelot, Kiko and Broski like this post

    Kiko
    Kiko


    Posts : 3016
    Points : 3064
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Kiko Wed Jun 19, 2024 12:02 pm

    Sometimes they come back: brands that left want to return to Russia again, by Victoria Nikiforova for RiaNovosti. 06.19.2024.

    For a long time I wanted to turn to our Western ex-partners and tell them in a sincere way: dear ex-friends, did you know that we actually live very well under your sanctions? For more than two years, we really got the hang of it.

    When we opened the packages with packages of sanctions, our freedom from the West was inside. For the first time in many years, we prepare our own buns and cutlets, sell them ourselves, eat them ourselves, and don’t pay a penny for it to some guys overseas who have profited from our buns for years.

    We produce great films and TV series ourselves and watch them ourselves. And again, no interest for the American film companies, which 30 years ago both entered our market and settled there insolently.

    Nowhere is our liberation from semi-colonial dependence on the West more evident than in the consumer sector. It is absolutely no coincidence that the revolutionary year 2014 was marked by our massive transition to Crimean wines, Russian hard cheeses and roses from Simferopol . And guess what? We liked it.

    Because over the past years you have hopelessly ruined your consumer sector - which was once the dream of every Soviet person. You shove your tired agenda into every bun and cutlet, into every pair of socks, into every comedy movie. Well, I don’t have the strength to endure this anymore.

    But for the last two years, we’ve been accustomed to just buying T-shirts and lemonade without manufacturers blowing into our ears about their concerns about global warming, gay and lesbian rights, transgender transition and other incomprehensible nasty things. And you know, it's very nice. Come visit us in Russia, try products without harmful ideological additives - I guarantee you will like it.

    But as soon as we settled down comfortably in this “hellish” sanctions regime and set out to enjoy ourselves, these Western figures came back to us. The Coca-Cola Corporation was a pioneer: according to information from our deputies, it has already begun to re-register its trademark.

    Excuse me, but how can this be? You there in the West were simply laughing at our economy, you were going to “tear it to shreds.” It was openly stated to us that if Russia is cut off from the blessed West, then we will eat hedgehogs here.

    Okay, well, leave us with our hedgehogs. Why are you climbing back? Moreover, this did not start yesterday and not with Coca-Cola. Over the past two years, you have been bringing us your goods across several borders, changing trademarks, passwords and addresses along the way, losing most of your profits along the way, crying, injecting yourself, but still enduring. Oh, how you didn’t want to leave the rich Russian market, how you hated this sanctions regime of yours.

    And now you are trying to come back officially - with trademarks. So a drunk roommate, who was kicked out at night, returns in the morning to his beloved with a dusty bouquet of wild flowers and a bloodied face: “Dar-r-horny, it’s me!”

    But, sorry, you weren't standing here. Our domestic business has already come to your place, manufacturers from friendly countries have joined, there are also those responsible Western companies that did not fall for the sanctions hysteria and did not go anywhere. We will support all of them, but we don’t want to have anything to do with those who ostentatiously abandoned us.

    We actually have a lot of plans here. We will build our own planes and our own cars, produce fashion collections from our amazing designers, fully provide ourselves with delicious products and ship them to our friends.

    We provide our own services in the most wonderful way - after all, it was crazy when a Russian tourist booked a room in a Russian hotel and both paid a percentage for this to an intermediary located in Europe or the USA. This is wrong, this should not happen anymore.

    How will we develop our aircraft manufacturing if the Western aviation industry comes to us again? How can we promote our brands if Western brands with multi-billion dollar advertising budgets come to us? During the SVO, we won back our domestic market, and we would, of course, like to keep it for ourselves.

    This is especially important in the consumer sector and in culture. I wouldn't want the LGBT* friendly film company Disney to come back into our film business and start producing films for children here. There is a fear that they are filming something wrong.

    The same Coca-Cola corporation, by the way, is present at all gay pride parades, sells LGBT* merchandise with all its might and places kissing men on its advertising posters - and no, this is not Brezhnev and Honecker. Are we missing our own lemonade - natural in every sense of the word?

    State Duma deputy Sultan Khamzaev proposed banning companies that left Russia from re-registering their trademarks with us for 20 years. This looks like a very smart initiative. And I would like to say to the overly arrogant Western firms and small firms in the words of the Russian classic: “Let me get out!”

    https://ria.ru/20240619/brendy-1953804604.html

    GarryB, ahmedfire and flamming_python like this post


    Sponsored content


    Russia and economic war by the west #3 - Page 17 Empty Re: Russia and economic war by the west #3

    Post  Sponsored content


      Current date/time is Tue Jun 25, 2024 4:50 pm