Russian Economy General News: #2

magnumcromagnon wrote:

Viktor wrote:It was inevitable  

Write-down of two-thirds of US shale oil explodes fracking myth

I've been telling people for years that fracking is nothing more than a state-subsidized boondoggle!

mutantsushi wrote:

magnumcromagnon wrote:

Viktor wrote:It was inevitable  

Write-down of two-thirds of US shale oil explodes fracking myth

I've been telling people for years that fracking is nothing more than a state-subsidized boondoggle!

Any comment on Bazhenov then?

Viktor wrote:Another 400+ bin $ contract with China in the pipeline   

Putin: China will become a major consumer of gas in the western route of the Russian Federation

"Novomoskovskiy nitrogen" EuroKhim, Tula region
In the St. Petersburg International Economic Forum "Rosneft" and "EuroChem" signed a six-year contract for the supply of gas. The document signed by the President, Chairman of the Board of JSC "NK" Rosneft "Igor Sechin and CEO of" MCC "EuroChem" Dmitry Strezhnev.

The Agreement provides for the supply of gas in total to 9.82 billion m3 to 31 December 2019 year.

The agreements form the basis for enhanced cooperation between the companies in the gas sector.

Commenting on the signing, Igor Sechin, said: "We are delighted to launch cooperation between our companies. Long-term contract signed today is evidence that "Rosneft" and "EuroChem" see great potential for expanding the areas of mutually beneficial partnership. We believe that cooperation between the two companies should go beyond trade in gas. "
Dmitry Strezhnev on after signing said: "The signed contract with one of Russia's largest producers of natural gas will allow 64% to satisfy the consumption of one of our plants, which is located in the Tula region. Strategy "EuroChem" implies a substantial development of production, and is important for us to diversify gas supplies to the channels of the enterprise. This will preserve the competitiveness of nitrogen production in the world market, and the company "Rosneft" in our face get a reliable and trustworthy partner. "

China, Russia outrank U.S. when it comes to corporate transparency

For journalists and researchers pursuing cross-border and global investigations, access to information on companies is a basic need, but one that is not always easy to fulfill.

Unsurprisingly, different jurisdictions have substantially different rules, methods, and levels of public availability of corporate data.

But what may be surprising is that countries like China and Russia provide better access to corporate information than the United States and Canada, according to a new report.

The Open Data Compass report (and website) was released earlier this month by the UK-based Arachnys Information Services. The report analyzed and ranked 215 countries and territories for availability of corporate registrations and ownership, accessibility of litigation information and size of the news media industry. The three metrics derived from the Arachnys methodology are combined for an overall score.

Open and closed books

At #215, the Arachnys Open Data Compass reveals that Turks and Caicos “live up to their reputation as an opaque and high-profile tax haven, with a total lack of corporate and litigation information.”

And who is #1? New Zealand. “Full court records are available for almost every court and detailed corporate records are searchable and thorough,” the Arachnys Open Data Compass states. Rounding out the top 10 are the UK, Australia, France, Germany, Croatia, Netherlands, Finland, Estonia and Hong Kong.

The United States comes in at number 26 on the list, while Canada is 70th, a long way behind Albania (ranked 11), China (20), Venezuela (21), and Russia (23).

http://news.yahoo.com/china-russia-outrank-u-comes-170000215.html

http://www.publicintegrity.org/2014/05/13/14760/china-russia-outrank-us-when-it-comes-corporate-transparency?utm_campaign=syndication&utm_source=yahoo-news&utm_medium=continue-reading-link

Any steps to isolate Russia are doomed to failure - French expert



In his interview with the French newspaper, Le Parisien, Jacques Maillard, member of the Foreign Affairs Committee of the French National Assembly and active participant in the Russia–France Parliamentary Friendship Group, said that the West should revamp its policy towards Georgia and the Ukraine.

"Encouraging the Ukraine’s and earlier Georgia’s ambition to join NATO, the West carried out a genuinely hazardous policy. "Orange revolutions" were actively supported by the US in opposition to Russia", the French MP said. He took a resolute stand against the West imposing sanctions against Russia. "It is usually clear with sanctions how they begin but absolutely unpredictable what they will end up with. It helps to remember that Russia is part of the European system of relations. Russia is the partner with which a number of European countries are trying to find a solution to arising problems. I mean issues surrounding Syria and Iran in particular," the French MP said. Jacques Maillard pointed out that at the same time Russia is also interested in the West for solving its economic problems, warranting development and selling gas. And we remain Russia’s partners, the French MP said. "It must be admitted that no one intends to seriously and irrevocably fall out of Moscow in the current situation. No country is nursing a scheme to start a war over Kiev or Sevastopol, so nobody should dote on bubbles in this respect," Maillard said. "Any policy aimed at isolating Russia is doomed to failure. Major powers should hold an international conference on the Ukraine so as to find a solution capable of satisfying both sides. But in doing so, one should stick to a realistic attitude and admit that it is impossible to go without Russia in this matter," the French expert pointed out. Jacques Maillard also recalled that the reconciliation process is going to be very difficult, so it is not to be supposed that the Ukraine is the Snow White and Russia is the Big Bad Wolf. "We must not forget that some participants in the Maidan events were activists of extreme right-wing pro-fascist Ukrainian groups," the French MP said.

Read more: http://voiceofrussia.com/news/2014_05_25/Any-steps-to-isolate-Russia-are-doomed-to-failure-French-expert-8014/

macedonian wrote:Deutche Welle in Macedonian is reporting that the EU commission has warned Bulgaria against South Stream development, which, it seems, they've started to build. They report that the beginning of the construction of South Stream has begun in cooperation 'with a person recently added to the visa ban of the EU, because of the situation in Ukraine'...
They report that Baroso has telephoned the Bulgarian PM, and told him that he's breaking the rules set up by the commission, and they (EU commission) will 'take steps' because of this...
My +1 goes to Bulgaria for showing courage, and I can only hope they go through with it.

Link to DW (in Macedonian)

sepheronx wrote:

macedonian wrote:Deutche Welle in Macedonian is reporting that the EU commission has warned Bulgaria against South Stream development, which, it seems, they've started to build. They report that the beginning of the construction of South Stream has begun in cooperation 'with a person recently added to the visa ban of the EU, because of the situation in Ukraine'...
They report that Baroso has telephoned the Bulgarian PM, and told him that he's breaking the rules set up by the commission, and they (EU commission) will 'take steps' because of this...
My +1 goes to Bulgaria for showing courage, and I can only hope they go through with it.

Link to DW (in Macedonian)

I think an agreement was made with Austria for the oil pipeline to end up to. So Brussles will have a tough time trying to stop this. EU is useless.

sepheronx wrote:http://en.ria.ru/world/20140528/190193497/Japanese-Lawmakers-Propose-6Bln-Gas-Pipeline-From-Sakhalin.html

Japan lawmakers pushing for $6B gas pipeline from Russia to Japan.

China and Russia to establish joint rating agency

No more Fitch, Moody’s, or Standard & Poor’s for Russia and China, as they have agreed to establish a rating agency on joint projects, and later, international services, Russian Finance Minister Anton Siluanov said Tuesday.

“The establishment of an independent rating system is being discussed. Many countries would like to have more objectivity in the assessment of rating agencies,” Siluanov said.

“There will be a Russian-Chinese rating agency, which will use the same tools and criteria for assessing countries and regional investments that existing rating agencies use,” the minister said.

http://rt.com/business/163340-china-russia-rating-agency/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

Without weapons of mass distraction this would had lead to an all out war.