Russian Economy General News: #2

Russia’s Gazprom buys Europe’s biggest gas storage facility

Contract worth 1 bin $ for Russian railways  

Railways have signed an agreement for the development of the documentation for the w / d in Serbia

and it seems something big is cooking off again

"Gazprom" and China to discuss oil projects on the shelf of the Russian Federation and China

Russia in general is getting rid of western debt ....

Russian external debt has declined over the first 9 months of 6.9%, to $ 678.4 billion

and unexpected one ... Beriev-200 going to be built in USA

Aerial Firefighting Partnerships

Wait, what about Be-200?

That link is just about Be-103 being bought by VVS (for unknown reasons, but thats another story).

TR1 wrote:Wait, what about Be-200?

That link is just about Be-103 being bought by VVS (for unknown reasons, but thats another story).

Try this one; http://www.marketwired.com/press-release/usafac-promotes-us-built-beriev-be-200-firefighter-1951241.htm

Would be great, but in the current political situation the Be-200 is screwed .

TR1 wrote:Would be great, but in the current political situation the Be-200 is screwed .

It is unfortunate, but things like this take time. Thankfully there hasn't been much recently-developed competition in the field of amphibians, so that could boost it in the future... (China is joining the market, but so far their planes have-remained mostly overlooked.)

If Russia ordered a few -220's, that would provide a needed boost as well.

I don't want to see the -200 become yet another stuck-in-limbo -42.

Ilya Kramnik has write up on Defence Cuts

As far as Russia could cut military spending in the next 10-15 years?

Accounting for sacred cows

sepheronx wrote:Russia Needs to Create Domestic Credit System to Survive Sanctions: Presidential Aide

Pretty much translates to: why give lots of loans for foreign entities but not domestic? Give credit to domestic.

This guy should be in charge of the CB. He seems to know what is going on.

"If we are going to lend money to the Western economy, as we did before (Russia is the donor of the world economic system, having lent more than a trillion dollars abroad),


Hmmm ....... when did Russia lend 1 trillion dollar any idea ?

AFAIK the Russian Emergency services were getting something like 10 Be-200s.

Austin wrote:

sepheronx wrote:Russia Needs to Create Domestic Credit System to Survive Sanctions: Presidential Aide

Pretty much translates to: why give lots of loans for foreign entities but not domestic? Give credit to domestic.

This guy should be in charge of the CB. He seems to know what is going on.

"If we are going to lend money to the Western economy, as we did before (Russia is the donor of the world economic system, having lent more than a trillion dollars abroad),


Hmmm ....... when did Russia lend 1 trillion dollar any idea ?

Its total amount lended so all the lends put together. Could also be counted not only funds but equipment as well.

Austin wrote:Ilya Kramnik has write up on Defence Cuts

As far as Russia could cut military spending in the next 10-15 years?

Accounting for sacred cows

http://en.itar-tass.com/russia/753784

I posted an article stating the cuts wont happen. Just another random person trying to gain their own fame through making up cuts.

Pretty much till 2018, the defense budget will be safe.

sepheronx wrote:

Austin wrote:Ilya Kramnik has write up on Defence Cuts

As far as Russia could cut military spending in the next 10-15 years?

Accounting for sacred cows

http://en.itar-tass.com/russia/753784

I posted an article stating the cuts wont happen. Just another random person trying to gain their own fame through making up cuts.

Pretty much till 2018, the defense budget will be safe.

From 2017 the defence budget will any way go down.

I suspect if Rouble Falls further like goes to to 42-44 average then they will have to relook the budget.

I dont mind if they cut 1-2 trillion Rouble which is approx $50 Billion for 2 Trillion and then they can look into it after 2020

Austin wrote:

sepheronx wrote:

Austin wrote:Ilya Kramnik has write up on Defence Cuts

As far as Russia could cut military spending in the next 10-15 years?

Accounting for sacred cows

http://en.itar-tass.com/russia/753784

I posted an article stating the cuts wont happen. Just another random person trying to gain their own fame through making up cuts.

Pretty much till 2018, the defense budget will be safe.

From 2017 the defence budget will any way go down.

I suspect if Rouble Falls further like goes to to 42-44 average then they will have to relook the budget.

I dont mind if they cut 1-2 trillion Rouble which is approx $50 Billion for 2 Trillion and then they can look into it after 2020

I agree fully but look at another aspect of the same story. Russia was supposed to have 1million army from years back but it does not. It has around 800 000 and the money saved because of that non-existant 200 000 is certainly not negliable. Given 2010-2020 time frame we can talk about lots of trillions of Rubles saved and redirected to another more important things. Another aspect of the story is that certain weapons will be late with development and/or introduction in the service anyway meaning some money will be saved there too. Im sure also Russia has some money for black days also to pull the programs it needs to be pulled without delay and Im not thinking about reserve fonds ... Anyway there where some talk a few years back about Russian Federation introduction of new system of calculating its GDP because it uses old one from the 90ies unlike west which artificialy means smaller GDP. Any news about that?

Austin wrote:

sepheronx wrote:

Austin wrote:Ilya Kramnik has write up on Defence Cuts

As far as Russia could cut military spending in the next 10-15 years?

Accounting for sacred cows

http://en.itar-tass.com/russia/753784

I posted an article stating the cuts wont happen. Just another random person trying to gain their own fame through making up cuts.

Pretty much till 2018, the defense budget will be safe.

From 2017 the defence budget will any way go down.

I suspect if Rouble Falls further like goes to to 42-44 average then they will have to relook the budget.

I dont mind if they cut 1-2 trillion Rouble which is approx $50 Billion for 2 Trillion and then they can look into it after 2020

No they wouldn't.  Ruble value makes sense if they import which they are not or stopping any import for military.  Maybe extending SAP2020 could happen if they are worried about the budget.  But the value of the Ruble for that would only mean they could increase it since a large portion of their reserves are in currencies not the Ruble.  Hence why they were able to drop the debt quite a bit.

As for 2017 and after. It matters based upon what is left needed to be completed in the contracts. How I see it, they need the equipment badly, especially in these troubled times and Russia ever so more getting surrounded by enemies thanks to US policies. Add to that, the military industrial complex account for 25% of Russia's manufacturing and it is second to Russia's exports. I would imagine that investing more into them will do better for Russia. If it means privatizing some companies in order to get the budget, fine. Or, if stretching SAP2020 further so that it stretchs each years budget more, then that is fine too. But as long as the military gets what it needs. New bases, new personnell (more too, since 800,000 isn't enough) and new equipment.

Hell, the Rupee dropped even more than the Ruble, yet they managed to increase defense spending anyway, and they are a major importer of it. Russia is a major developer of it, so I cannot see why they couldn't.

Here is an nice chart for Oil Prices Break Even and Current Account for major Oil Exporting Countries

This is an interesting chart at first look but then someone may wonder why the hell they need a positive fiscal account when pretty much nobody has it in the west....
This is like when the cunts speak about whether China will SUCCEED in her target of 7.5% But even with 7.4% they still beat the pants off anyone else.
What a twisted logic.

This is like when the cunts speak about whether China will SUCCEED in her target of 7.5% But even with 7.4% they still beat the pants off anyone else.
What a twisted logic.

The west is an expert in making success look like failure...

Yeah. They said Chinas growth is slowing down and they may loom at stagnation.... at a wopping 7.4% gdp growth. China is still the best effective economy in the world and they are trying to make it look like they are failing.

The West is essential Jealous of  Chinese Growth , What took the West like many decades and generations to build China managed to do in just 25 years

My only regret is Russia should have alligned with China Economy 15 years back and shouldn't have waited for West to slap them.

Russia needs low debt and balance budget because unlike West it cannot print Euro/USD and increase debt as it wishes and make it look good , Russia also depends on highly fluid oil price.

It could if it wasnt for the fact CB is its own entity. We gotta dig up Yeltsin to blame him. Now essentially, Russia will have to start fresh again.

Oh well, let this be a lesson to never trust the west. Atleast Russia still has industry that many western countries wish they had.

As well,as for oil price, before stating what country relies on what, lets wait to see what the outcome is, because KVS and I both pointed out that it is flawed logic about reliance on resource. So far, Russia is operating on surplus thus it isnt nearly hit.  Foreign entities in west relies on debt as they dont make anything anymore but somehow come up rich. Russia could do the same internally, but that may lead to major future problems.

The $1trillion question is, why can they give long term low interest rate loans to foreign entities but not domestic? Because of CB.

With this price would be catastrophic for american oil producers as well.
that shale oil boom could just be a new trillion $ bubble waiting to happen which would make housing market crash childs play...
Many of them function on credits obligations and "future profits" expectations, and since extraction is very expencive the squeeze starts to hurt at 90-70$ range depending on well ,much earlier and more then russian conventional producers.
Russian budget would be hurt , but half of USA domestic production would crash- demanding imports and thus - return of higher price.
Ofcourse , Chinese are biggest winners in this lower oil price game.

WoooooooooW        nice going

Iran, Russia sign 70-billion projects to boost trade, economic ties

in national currencies  

Iran and Russia have agreed to use national currencies in bilateral trade.

Iran, Russia can boost trade exchanges tenfold: Zangeneh

and the joint bank

Iran, Russia planning to establish joint bank

The discussion about Russia being hurt low oil prices is the purest of propaganda drivel. Recall when Obama ran
a $1.5 trillion deficit (thanks to Bush, but that is beside the point)? I do not remember hearing wails of doom
from the pundits that were and still are paraded by the western media. The US had a deficit 10% of GDP. Russia
is not facing a deficit on this scale and if there is a deficit it will not extend into the indefinite future.

Just as with China, Russia is "stagnating" if its GDP growth isn't large enough in the demented narrative
pushed by the western media. Meanwhile some of the most productive economies of the west (e.g. Germany)
are seeing triple dip recessions. This is exceedingly rare and unheard of during the post WWII period and highlights
that there are chronic economic problems facing the west. Perhaps they should stop with the trash talk aimed at
Russia and deal with their own problems.

Are they sure its 70 Billion Euros or its just type