Russian Economy General News: #3

Russian government ready to revise budget if needed — deputy PM

Russia's presidential aide Andrey Belousov on Friday said the Russian government has adopted a plan of anti-crisis measures

MOSCOW, December 19. /TASS/. Russia’s government is ready to revise the federal budget if this is needed, Russian Deputy Prime Minister Sergey Prikhodko said on Friday.

“We will have to work on the implementation of the federal budget. We will see how the economic situation develops and if there is need of introducing particular changes,” Prikhodko said.

Russia's presidential aide Andrey Belousov on Friday said the Russian government has adopted a plan of anti-crisis measures.

"Of course, the government will take measures [to tackle the financial crisis]," Belousov said without giving details of the plan.

Russian Prime Minister Dmitry Medvedev last week said the country’s federal budget for 2015 could be revised due to unfavorable international and domestic economic developments.

Some expert calculations show that with the oil price fall by $3 per barrel, the Russian currency has to be devalued by 1 ruble.

Russian government adopts anti-crisis plan, ready for any turn of events — Kremlin aide

SKOLKOVO, December 19. /TASS/. The Russian government has adopted a plan of anti-crisis measures and is ready for any turn of events, presidential aide Andrey Belousov said on Friday.

"Of course, the government will take measures (to tackle the financial crisis)," Belousov said without giving details of the plan.

The measures will be introduced depending on how the situation is changing and concern the recapitalization of banks, as well as detailing a list of strategic enterprises and the work with them if this is needed.

Belousov, Russia’s former economic development minister, said he is optimistic about the ruble.

In an attempt to limit the ruble depreciation, the Central Bank decided to raise its key interest rate to 17% from 10.5% on Tuesday. The Russian ruble strengthened by Tuesday evening after plunging to record lows against the euro and the dollar.

“Now the most acute situation is not related to the ruble. The measures which were adopted will either lead in the near future or I think, have already led to the stabilization of the ruble,” he said.

“Most likely, all of us will see in the coming days that the trend will develop,” Belousov said.

The government has already adopted several important decisions, including providing up to 1 trillion rubles ($16 billion) in additional capital to support the banking sector and increasing in insurance on deposits of up to 1.4 million rubles ($23,200).

The Kremlin aide also said it is important not to allow the situation over liquidity constraints to turn into the crisis of the ruble liquidity.

Belousov also believes that the Bank of Russia should lower the key rate from the current 17% as soon as the situation allows this.

Since we were speaking about World Bank and the prospect of moving to Asia this is old but gold:

Here is a good article, it states what Russia might do in the future.

http://www.globalresearch.ca/free-fall-of-the-ruble-whos-behind-it-a-ploy-of-russias-economic-wizards-whose-chess-game/5420796

Nice  

"INTER RAO - Export" will take part in the construction of hydroelectric Argentine

and the first one makes it  

Russia’s richest man first to bring foreign assets back home

Paul Krugman's Notes on Russia Debt Are Upside Down

Austin wrote:Paul Krugman's Notes on Russia Debt Are Upside Down

Paul Krugman was always a dumbass. I dont even know why people bothered to listen to him in the first place.

That said, on a Russian site (sdelanounas) soneone posted link and details that when the Ruble hit rock bottom (80/usd) someone purchased up majority stock of energy companies that were heald by foreigners. They speculated it was the Russian government. Sonething like 30% of Russian energy stocks were purchased back for little. Which then brought on speculation that they wanted Ruble to collapse till they purchase.

sepheronx wrote:

Austin wrote:Paul Krugman's Notes on Russia Debt Are Upside Down

Paul Krugman was always a dumbass. I dont even know why people bothered to listen to him in the first place.

That said, on a Russian site (sdelanounas) soneone posted link and details that when the Ruble hit rock bottom (80/usd) someone purchased up majority stock of energy companies that were heald by foreigners. They speculated it was the Russian government. Sonething like 30% of Russian energy stocks were purchased back for little.  Which then brought on speculation that they wanted Ruble to collapse till they purchase.

We are seeing the Russian government playing the Sorosite turds and beating them at their own game.   The ruble "collapse" has
more than offset the fall in oil price and at the same time introduced a massive de facto import tariff.   Like I said before, people
should compare to 1998 and the events that followed.   But this time around Russia is in the driver's seat.

The above does not negate my criticism of the CBR.   Their high interest rate policy is absurd and there is enough evidence to
show that they are overestimating the true Russian inflation.   A silly situation we have.   In the USA there are all sorts of
BS fixes to the CPI such as hedonics adjustments that serve to lowball its magnitude.   But in Russia we have some sort of
epic monetarist nonsense where the inflation is overstated by a significant margin.   The CBR should be setting a lending
rate of 4% and not 8.5%.   (This is aside from any REPO auction rates to fight ruble speculation).

I dont understand why Bloomberg are taking CBR Reserves and adding Russian Government National Welfare Fund/Reserve Fund together and clubbing it.

From Putins statement its quite clear to me that CBR reserves is different from Governement Reserves which is welfare fund and reserve fund.

Austin wrote:I dont understand why Bloomberg are taking CBR Reserves and adding Russian Government National Welfare Fund/Reserve Fund together and clubbing it.

From Putins statement its quite clear to me that CBR reserves is different from Governement Reserves which is welfare fund and reserve fund.

The current BS spewed by the western media is worse than during the cold war. Journalism standards have slipped significantly and
these days making up stories and all round lying is normal. Just listen to the reporting of the latest round of sanctions against Russia.
You would think there was some sort of recent intervention in the Donbas, which is a complete fabrication.

kvs wrote:

Austin wrote:I dont understand why Bloomberg are taking CBR Reserves and adding Russian Government National Welfare Fund/Reserve Fund together and clubbing it.

From Putins statement its quite clear to me that CBR reserves is different from Governement Reserves which is welfare fund and reserve fund.

The current BS spewed by the western media is worse than during the cold war.   Journalism standards have slipped significantly and
these days making up stories and all round lying is normal.   Just listen to the reporting of the latest round of sanctions against Russia.
You would think there was some sort of recent intervention in the Donbas, which is a complete fabrication.

BTW has there been any mention on how Russia will respond to these new sanctions.

In other news.. The RUble is reversing big time..

In 24 hours from 60 to 56..!!!  Possibilities it will be under 50 by christmas Dec 25 ,is very possible..
Someone mentioned that Russia Ruble needs to be from 42 to 48 be healthy..taking into account the oil prices.
for comparisons early october before big sanctions Ruble was in 40.. and before that in Sochi early in the year it was at 35.  This means that Russia Ruble needs to move from 56 to 45 .. to show without any doubt that not only Russia Ruble is stable but that Russia will handle the artificially created crisis by the west very easily.  

Most important thing is Russians to avoid panic.. western media and its Neocons wants to create panic.because they understand ,that if Russians start removing their money from banks.. it will damage Russia economy.. and not because of western sanctions but because of their own fear.

This is were i check the RUble vs Dollar..

http://www.bloomberg.com/quote/USDRUB:CUR

if you look at the graph clearly looks the Ruble vs dollar graph ...looks clearly moving in a positive direction.
Wondering what the Conspirators of a Central bank in Russia wanting to destroy Putin will now say.. Interestingly
Saudi Arabia is already saying the prices of oil will increase soon.. UAE and UK energy industry is collapsing and seems the Pressure is heavy of the Saudis to end their oil price war. they have absolutely no need to lower the price of Oil to compete with US shale industry.. because its oil industry imports almost all they produce.. US does not buy oil from Saudi Arabia. Only China,India and Japan and south Korea. So Obama saturating their market with Oil will have zero effects in their sales. My bet is once China-India pipelines made, they will stop buying oil and gas from Saudis and buy it all from Russia..

Man.. where is a gun when you need one?
The bastard.. former finance minister Alexei Kudrin in 2000-2011 have given a conference
In moscow today and basically he completely trashed the Russian Economy.. no kidding..
i don't think CNN or Obama could have done better..  He basically alarmed in the conference
of a major catastrophe coming for Russia in 2015.. and his words are the topic of the day in all western media.
If the imbecile had any clue ,how Fear and Panic can affect the economy of any nation even if there is no crisis..
he will never do things like that..  

The motherfucker went as FAR and to suggest that Russia needs to capitulate with the west and that no action that Putin do ,will work to fix the economy as long they do not capitulate with the west..  That guy is truly a right column on its purest form..  


The bastard completely and conveniently Ignored that the sanctions in Russia simply happen because of Russia economic success and its military power and because is seen as an obstacle by the west to its global goals.
HE ignores that US goals is the destruction of Russia.. and that capitulating with them will only make it more easier for them to break Russia. You cannot trust in Neoliberals in the west.. they will not rest until they completely control Russia and CHINA and BRAZIL and destroy the sovereignty of all BRICS nations. Either he is an IDIOT and understand nothing of politics.. or he was paid to cause panic in Russia society.  I think what he did ,will deserve to be arrested for provoking panic in the society...and if proven he was paid ,then be shot .

The bastard completely ignore that NATO goals in Ukraine is to put under serious threat Russia security..and that if
Russia does not take CRIMEA will have been incredibly dangerous for Russia national security.. and that iF Russia does nothing in Syria, NATO will install a pipeline from persian Gulf to Europe bypassing theirs.. what a moron he is.

What is amazing is how he did not missed a single letter of the worse possible outcome for Russia economy and then later told..thats what will happen..  

Take a look what the bastard told..

1)That nothing that Putin do to counter economic problems will work as long he does not capitulate with the west .
in other words that without americans blessing,Russia future is  doomed. he suggest Russia needs to make peaces with the west .  Completely ignoring that US goals is to disband Russia.  
2)that the economy will enter in recession by up to 4% regardless if the Oil prices Rise again..
3)That Russia needs to look at the others BRICS nations they dont have problems with sanctions and are sovereign.
oh god .as if the take over of Ukraine and Syria by NATO had any relevance for the national security of Brazil or CHINA or south africa
4) that in the next year Russia financial system will be declared Junk.
5) and that many companies will enter default..
6)That RUssia will enter a Genuine FULL BLOW economic crisis.. when everyone and their neighbor knows is an artificially created one.. by the Bastards in the west he sponsor..  

I mean ,the guy ,pretty much covered the worst possible outcome for Russia and claimed it is what will happen
to Russia.. that the only solution for Russia is to surrender to the west . because as he says look at brazil ,they are sovereign and not under sanctions . The moron does not see how the unrest in brazil against FIFA was provoked by his lovely USA and that they were close to overthrow their government. He neither see a connection between HongKong unrest and his lovely USA . He should be put in Jail for treason.. He does not work for the governemnt anymore and he had no business to create Alarm and panic in Russia and give free propaganda for the west..
the bastard not even a single mention of Russia capabilities to fight back.. he simply told.. don't fight at all we are doomed.. and no single mention of CHINA saying is ready to help if needed and that they with the help of others emerging economies will replace western business.. that leave Russia.



If there is a Right Column in Russia, for sure Kudrin have to be at the top or indeed he is the biggest  moron and understand nothing of politics..?   now i understand why the central bank lady told some time ago ,working with kudrin as she did before was very difficult experience. Putin comments about him ,were that is a brilliant economist ,but he understand nothing of other things.


http://rbth.com/news/2014/12/22/kudrin_russia_to_see_full-fledged_economic_crisis_in_2015_42440.html

In more positive news the RUble is bouncing in full scale.. now at 55.. and moving very fast towards the 40s..
after China announcement that will backup Russia in all their needs..

http://rt.com/news/216563-china-russia-economic-hardships/

I bet Kudrin will also claim.. "oh CHINA cannot help Russia.." it have to be USA.  
China is even announcing will bypass US dollar and trade with Russia currencies which should trigger alarms
in the stable economic future of his lovely USA..but he said nothing.. is obvious he dreams with Russia becoming another colony of USrael

update .. now the RUble is accelerating big time. From 60 to 54 in 3 hours. The graph of Rubles vs Dollars the slope seems to be 45 degrees in benefit of the ruble.. two hours ago.. was near a horizonal straight line.. seems people are buying RUbles likes there is no tomorrow.. the question is if the people buying Rubles are only speculators seeking to sell them later in the day or two for quick cash.. or real investors.

last update..
Now kudrin predictions are really byond ridiculous. he is predicting Ruble will trade at 61 to dollar "if things goes well.." and no more sanctions by the end of 2015.. but **right now** the RUble is trading for 54.. much better than any of his predictions Either he is an real idiot or saw the wrong charts or or he is encouraging the west to do more sanctions..

http://itar-tass.com/en/economy/768486

Lots of questions with the whole situation.

The big thing is the raising of Ru interest rates to defend the Ruble against inflation.

But I wonder what the effect will be on Russian businesses and consumers.
Will the state step in and assist here?
Will Russian companies tell Western banks to fuck off for their non Ruble debt repayments?
Likewise with Russian banks indebted to the West.

Sadly the Evil Empire of Obummer is forcing the World in NATO and non NATO trading blocs.
The Kenyan queer seems to forget that Russia is INFINITELY more European than his own faggot arse.

I can't see things changing much soon. US hopeful Jeb Bush could be called a fuckwit, but that would be an insult to complete fuckwits!

sepheronx wrote:

Austin wrote:Paul Krugman's Notes on Russia Debt Are Upside Down

Paul Krugman was always a dumbass. I dont even know why people bothered to listen to him in the first place.

That said, on a Russian site (sdelanounas) soneone posted link and details that when the Ruble hit rock bottom (80/usd) someone purchased up majority stock of energy companies that were heald by foreigners. They speculated it was the Russian government. Sonething like 30% of Russian energy stocks were purchased back for little.  Which then brought on speculation that they wanted Ruble to collapse till they purchase.

rosneft move , rosneft was first to pay up debt and was highest debtor to western banks , so rosneft issued "low-quality" bonds and russian government bought them fast on slow monday in rubbles from surplus in budget and bought stocks , then rosneft traded rubles for $ on market , no new printing and rosneft is now almost totaly owned by russian government.
and everything is stabilised after few days.
important is the population didnt panic and is buying goods and stuff , instead of dollars.
less tourists going abroad also has a good side-effect of less forex spending.

only problem is that agriculture needs low interest credit, without it there will be no faster growth for agriculture which russia needs very much.!!!
http://ru.vtb.am/retail/credits/agro/
russia need specialised agricultural bank like france credit agricole ,and subsidies for the largest greenfield investment in siberia for example.

Austin wrote:I dont understand why Bloomberg are taking CBR Reserves and adding Russian Government National Welfare Fund/Reserve Fund together and clubbing it.

From Putins statement its quite clear to me that CBR reserves is different from Governement Reserves which is welfare fund and reserve fund.

its propaganda war and manipulation.
they are underestemating russian forex reserves intentionally and increasing debt by any way they can.

if russia has 700 bil debt ,then usa has over 60 trillion debt public + private (corporations etc...) ,not 17 trillion that is just public .

also important oversight is that many russian corporations and citizens have their own forex reserves and reserve funds that add to government reserves so foreign currency total is higher then government one.
how much cant say but increased especially after 2008 and in early 2014.

Vann7 wrote:Man.. where is a gun when you need one?
The bastard.. former finance minister Alexei Kudrin in 2000-2011 have given a conference
In moscow today and basically he completely trashed the Russian Economy.. no kidding..
i don't think CNN or Obama could have done better..  He basically alarmed in the conference
of a major catastrophe coming for Russia in 2015.. and his words are the topic of the day in all western media.
If the imbecile had any clue ,how Fear and Panic can affect the economy of any nation even if there is no crisis..
he will never do things like that..  

The motherfucker went as FAR and to suggest that Russia needs to capitulate with the west and that no action that Putin do ,will work to fix the economy as long they do not capitulate with the west..  That guy is truly a right column on its purest form..  


The bastard completely and conveniently Ignored that the sanctions in Russia simply happen because of Russia economic success and its military power and because is seen as an obstacle by the west to its global goals.
HE ignores that US goals is the destruction of Russia.. and that capitulating with them will only make it more easier for them to break Russia. You cannot trust in Neoliberals in the west.. they will not rest until they completely control Russia and CHINA and BRAZIL and destroy the sovereignty of all BRICS nations. Either he is an IDIOT and understand nothing of politics.. or he was paid to cause panic in Russia society.  I think what he did ,will deserve to be arrested for provoking panic in the society...and if proven he was paid ,then be shot .

The bastard completely ignore that NATO goals in Ukraine is to put under serious threat Russia security..and that if
Russia does not take CRIMEA will have been incredibly dangerous for Russia national security.. and that iF Russia does nothing in Syria, NATO will install a pipeline from persian Gulf to Europe bypassing theirs.. what a moron he is.

What is amazing is how he did not missed a single letter of the worse possible outcome for Russia economy and then later told..thats what will happen..  

Take a look what the bastard told..

1)That nothing that Putin do to counter economic problems will work as long he does not capitulate with the west .
in other words that without americans blessing,Russia future is  doomed. he suggest Russia needs to make peaces with the west .  Completely ignoring that US goals is to disband Russia.  
2)that the economy will enter in recession by up to 4% regardless if the Oil prices Rise again..
3)That Russia needs to look at the others BRICS nations they dont have problems with sanctions and are sovereign.
oh god .as if the take over of Ukraine and Syria by NATO had any relevance for the national security of Brazil or CHINA or south africa
4) that in the next year Russia financial system will be declared Junk.
5) and that many companies will enter default..
6)That RUssia will enter a Genuine FULL BLOW economic crisis.. when everyone and their neighbor knows is an artificially created one.. by the Bastards in the west he sponsor..  

I mean ,the guy ,pretty much covered the worst possible outcome for Russia and claimed it is what will happen
to Russia.. that the only solution for Russia is to surrender to the west . because as he says look at brazil ,they are sovereign and not under sanctions . The moron does not see how the unrest in brazil against FIFA was provoked by his lovely USA and that they were close to overthrow their government. He neither see a connection between HongKong unrest and his lovely USA . He should be put in Jail for treason.. He does not work for the governemnt anymore and he had no business to create Alarm and panic in Russia and give free propaganda for the west..
the bastard not even a single mention of Russia capabilities to fight back.. he simply told.. don't fight at all we are doomed.. and no single mention of CHINA saying is ready to help if needed and that they with the help of others emerging economies will replace western business.. that leave Russia.



If there is a Right Column in Russia, for sure Kudrin have to be at the top or indeed he is the biggest  moron and understand nothing of politics..?   now i understand why the central bank lady told some time ago ,working with kudrin as she did before was very difficult experience. Putin comments about him ,were that is a brilliant economist ,but he understand nothing of other things.


http://rbth.com/news/2014/12/22/kudrin_russia_to_see_full-fledged_economic_crisis_in_2015_42440.html

In more positive news the RUble is bouncing in full scale.. now at 55.. and moving very fast towards the 40s..
after China announcement that will backup Russia in all their needs..

http://rt.com/news/216563-china-russia-economic-hardships/

I bet Kudrin will also claim.. "oh CHINA cannot help Russia.." it have to be USA.  
China is even announcing will bypass US dollar and trade with Russia currencies which should trigger alarms
in the stable economic future of his lovely USA..but he said nothing.. is obvious he dreams with Russia becoming another colony of USrael

update .. now the RUble is accelerating big time. From 60 to 54 in 3 hours. The graph of Rubles vs Dollars the slope seems to be 45 degrees in benefit of the ruble.. two hours ago.. was near a horizonal straight line.. seems people are buying RUbles likes there is no tomorrow.. the question is if the people buying Rubles are only speculators seeking to sell them later in the day or two for quick cash.. or real investors.

last update..
Now kudrin predictions are really byond ridiculous. he is predicting Ruble will trade at 61 to dollar "if things goes well.." and no more sanctions by the end of 2015.. but **right now** the RUble is trading for 54.. much better than any of his predictions   Either he is an real idiot or saw the wrong charts or or he is encouraging the west to do more sanctions..  

http://itar-tass.com/en/economy/768486

Didn't see Kudrin's speech

But if what you say is true then send this fker to Saudi Arabia, 50 lashes for him and no less. What a moron to try and destroy investor confidence at a time when a full-blown economic information war is going on - he sure picked the right time for his declarations that's for sure.

He's panicking again. Seems like he might loose his job soon. AWhy he does it in the open, he is not a spring chicken and he handled few crises before. Gov should stop acting like a bunch of sissy amateurs and rather stay composed. I know confrontation with USA makes most of them piss their pants, but where they were when Ukrainian crisis started? It's only question of time when US will confront Russia again. Time to cure this Dutch disease.

+1

flamming_python wrote:

Vann7 wrote:Man.. where is a gun when you need one?
The bastard.. former finance minister Alexei Kudrin in 2000-2011 have given a conference
In moscow today and basically he completely trashed the Russian Economy.. no kidding..
i don't think CNN or Obama could have done better..  He basically alarmed in the conference
of a major catastrophe coming for Russia in 2015.. and his words are the topic of the day in all western media.
If the imbecile had any clue ,how Fear and Panic can affect the economy of any nation even if there is no crisis..
he will never do things like that..  

The motherfucker went as FAR and to suggest that Russia needs to capitulate with the west and that no action that Putin do ,will work to fix the economy as long they do not capitulate with the west..  That guy is truly a right column on its purest form..  


The bastard completely and conveniently Ignored that the sanctions in Russia simply happen because of Russia economic success and its military power and because is seen as an obstacle by the west to its global goals.
HE ignores that US goals is the destruction of Russia.. and that capitulating with them will only make it more easier for them to break Russia. You cannot trust in Neoliberals in the west.. they will not rest until they completely control Russia and CHINA and BRAZIL and destroy the sovereignty of all BRICS nations. Either he is an IDIOT and understand nothing of politics.. or he was paid to cause panic in Russia society.  I think what he did ,will deserve to be arrested for provoking panic in the society...and if proven he was paid ,then be shot .

The bastard completely ignore that NATO goals in Ukraine is to put under serious threat Russia security..and that if
Russia does not take CRIMEA will have been incredibly dangerous for Russia national security.. and that iF Russia does nothing in Syria, NATO will install a pipeline from persian Gulf to Europe bypassing theirs.. what a moron he is.

What is amazing is how he did not missed a single letter of the worse possible outcome for Russia economy and then later told..thats what will happen..  

Take a look what the bastard told..

1)That nothing that Putin do to counter economic problems will work as long he does not capitulate with the west .
in other words that without americans blessing,Russia future is  doomed. he suggest Russia needs to make peaces with the west .  Completely ignoring that US goals is to disband Russia.  
2)that the economy will enter in recession by up to 4% regardless if the Oil prices Rise again..
3)That Russia needs to look at the others BRICS nations they dont have problems with sanctions and are sovereign.
oh god .as if the take over of Ukraine and Syria by NATO had any relevance for the national security of Brazil or CHINA or south africa
4) that in the next year Russia financial system will be declared Junk.
5) and that many companies will enter default..
6)That RUssia will enter a Genuine FULL BLOW economic crisis.. when everyone and their neighbor knows is an artificially created one.. by the Bastards in the west he sponsor..  

I mean ,the guy ,pretty much covered the worst possible outcome for Russia and claimed it is what will happen
to Russia.. that the only solution for Russia is to surrender to the west . because as he says look at brazil ,they are sovereign and not under sanctions . The moron does not see how the unrest in brazil against FIFA was provoked by his lovely USA and that they were close to overthrow their government. He neither see a connection between HongKong unrest and his lovely USA . He should be put in Jail for treason.. He does not work for the governemnt anymore and he had no business to create Alarm and panic in Russia and give free propaganda for the west..
the bastard not even a single mention of Russia capabilities to fight back.. he simply told.. don't fight at all we are doomed.. and no single mention of CHINA saying is ready to help if needed and that they with the help of others emerging economies will replace western business.. that leave Russia.



If there is a Right Column in Russia, for sure Kudrin have to be at the top or indeed he is the biggest  moron and understand nothing of politics..?   now i understand why the central bank lady told some time ago ,working with kudrin as she did before was very difficult experience. Putin comments about him ,were that is a brilliant economist ,but he understand nothing of other things.


http://rbth.com/news/2014/12/22/kudrin_russia_to_see_full-fledged_economic_crisis_in_2015_42440.html

In more positive news the RUble is bouncing in full scale.. now at 55.. and moving very fast towards the 40s..
after China announcement that will backup Russia in all their needs..

http://rt.com/news/216563-china-russia-economic-hardships/

I bet Kudrin will also claim.. "oh CHINA cannot help Russia.." it have to be USA.  
China is even announcing will bypass US dollar and trade with Russia currencies which should trigger alarms
in the stable economic future of his lovely USA..but he said nothing.. is obvious he dreams with Russia becoming another colony of USrael

update .. now the RUble is accelerating big time. From 60 to 54 in 3 hours. The graph of Rubles vs Dollars the slope seems to be 45 degrees in benefit of the ruble.. two hours ago.. was near a horizonal straight line.. seems people are buying RUbles likes there is no tomorrow.. the question is if the people buying Rubles are only speculators seeking to sell them later in the day or two for quick cash.. or real investors.

last update..
Now kudrin predictions are really byond ridiculous. he is predicting Ruble will trade at 61 to dollar "if things goes well.." and no more sanctions by the end of 2015.. but **right now** the RUble is trading for 54.. much better than any of his predictions   Either he is an real idiot or saw the wrong charts or or he is encouraging the west to do more sanctions..  

http://itar-tass.com/en/economy/768486

Didn't see Kudrin's speech

But if what you say is true then send this fker to Saudi Arabia, 50 lashes for him and no less. What a moron to try and destroy investor confidence at a time when a full-blown economic information war is going on - he sure picked the right time for his declarations that's for sure.

Now don't you finally see, here's a Prima Faci case of a 5th column in Russia's economic leadership. The Other case was when the head of the 'Moscow Derivatives Exchange' met with John McCain at Euromaidan, it's pretty self evident that their working for the interests of the 'Washington Consensus', and not for the best interest of Russian citizens!

magnumcromagnon wrote:

flamming_python wrote:

Vann7 wrote:Man.. where is a gun when you need one?
The bastard.. former finance minister Alexei Kudrin in 2000-2011 have given a conference
In moscow today and basically he completely trashed the Russian Economy.. no kidding..
i don't think CNN or Obama could have done better..  He basically alarmed in the conference
of a major catastrophe coming for Russia in 2015.. and his words are the topic of the day in all western media.
If the imbecile had any clue ,how Fear and Panic can affect the economy of any nation even if there is no crisis..
he will never do things like that..  

The motherfucker went as FAR and to suggest that Russia needs to capitulate with the west and that no action that Putin do ,will work to fix the economy as long they do not capitulate with the west..  That guy is truly a right column on its purest form..  


The bastard completely and conveniently Ignored that the sanctions in Russia simply happen because of Russia economic success and its military power and because is seen as an obstacle by the west to its global goals.
HE ignores that US goals is the destruction of Russia.. and that capitulating with them will only make it more easier for them to break Russia. You cannot trust in Neoliberals in the west.. they will not rest until they completely control Russia and CHINA and BRAZIL and destroy the sovereignty of all BRICS nations. Either he is an IDIOT and understand nothing of politics.. or he was paid to cause panic in Russia society.  I think what he did ,will deserve to be arrested for provoking panic in the society...and if proven he was paid ,then be shot .

The bastard completely ignore that NATO goals in Ukraine is to put under serious threat Russia security..and that if
Russia does not take CRIMEA will have been incredibly dangerous for Russia national security.. and that iF Russia does nothing in Syria, NATO will install a pipeline from persian Gulf to Europe bypassing theirs.. what a moron he is.

What is amazing is how he did not missed a single letter of the worse possible outcome for Russia economy and then later told..thats what will happen..  

Take a look what the bastard told..

1)That nothing that Putin do to counter economic problems will work as long he does not capitulate with the west .
in other words that without americans blessing,Russia future is  doomed. he suggest Russia needs to make peaces with the west .  Completely ignoring that US goals is to disband Russia.  
2)that the economy will enter in recession by up to 4% regardless if the Oil prices Rise again..
3)That Russia needs to look at the others BRICS nations they dont have problems with sanctions and are sovereign.
oh god .as if the take over of Ukraine and Syria by NATO had any relevance for the national security of Brazil or CHINA or south africa
4) that in the next year Russia financial system will be declared Junk.
5) and that many companies will enter default..
6)That RUssia will enter a Genuine FULL BLOW economic crisis.. when everyone and their neighbor knows is an artificially created one.. by the Bastards in the west he sponsor..  

I mean ,the guy ,pretty much covered the worst possible outcome for Russia and claimed it is what will happen
to Russia.. that the only solution for Russia is to surrender to the west . because as he says look at brazil ,they are sovereign and not under sanctions . The moron does not see how the unrest in brazil against FIFA was provoked by his lovely USA and that they were close to overthrow their government. He neither see a connection between HongKong unrest and his lovely USA . He should be put in Jail for treason.. He does not work for the governemnt anymore and he had no business to create Alarm and panic in Russia and give free propaganda for the west..
the bastard not even a single mention of Russia capabilities to fight back.. he simply told.. don't fight at all we are doomed.. and no single mention of CHINA saying is ready to help if needed and that they with the help of others emerging economies will replace western business.. that leave Russia.



If there is a Right Column in Russia, for sure Kudrin have to be at the top or indeed he is the biggest  moron and understand nothing of politics..?   now i understand why the central bank lady told some time ago ,working with kudrin as she did before was very difficult experience. Putin comments about him ,were that is a brilliant economist ,but he understand nothing of other things.


http://rbth.com/news/2014/12/22/kudrin_russia_to_see_full-fledged_economic_crisis_in_2015_42440.html

In more positive news the RUble is bouncing in full scale.. now at 55.. and moving very fast towards the 40s..
after China announcement that will backup Russia in all their needs..

http://rt.com/news/216563-china-russia-economic-hardships/

I bet Kudrin will also claim.. "oh CHINA cannot help Russia.." it have to be USA.  
China is even announcing will bypass US dollar and trade with Russia currencies which should trigger alarms
in the stable economic future of his lovely USA..but he said nothing.. is obvious he dreams with Russia becoming another colony of USrael

update .. now the RUble is accelerating big time. From 60 to 54 in 3 hours. The graph of Rubles vs Dollars the slope seems to be 45 degrees in benefit of the ruble.. two hours ago.. was near a horizonal straight line.. seems people are buying RUbles likes there is no tomorrow.. the question is if the people buying Rubles are only speculators seeking to sell them later in the day or two for quick cash.. or real investors.

last update..
Now kudrin predictions are really byond ridiculous. he is predicting Ruble will trade at 61 to dollar "if things goes well.." and no more sanctions by the end of 2015.. but **right now** the RUble is trading for 54.. much better than any of his predictions   Either he is an real idiot or saw the wrong charts or or he is encouraging the west to do more sanctions..  

http://itar-tass.com/en/economy/768486

Didn't see Kudrin's speech

But if what you say is true then send this fker to Saudi Arabia, 50 lashes for him and no less. What a moron to try and destroy investor confidence at a time when a full-blown economic information war is going on - he sure picked the right time for his declarations that's for sure.

Now don't you finally see, here's a Prima Faci case of a 5th column in Russia's economic leadership. The Other case was when the head of the 'Moscow Derivatives Exchange' met with John McCain at Euromaidan, it's pretty self evident that their working for the interests of the 'Washington Consensus', and not for the best interest of Russian citizens!

Why is President Putin not doing anything about these people?

And some important news from today  

Russia, Iran may start using national currencies in food trade in 2015

Putin gives start to major Arctic gas field development project

Funding for the state program of development of agriculture until 2020 increased by 47.9%

For engineering surveys for the project SCM "Moscow - Kazan" allocated 6 billion rubles. in 2015

Rosselkhoznadzor: food supplies to Russia from Iran will begin in January 2015

Medvedev signed a decree on the support of the fishing industry

"RusHydro" goes for the ruble, yuan in projects with China

China increased its oil imports from Russia

In November "Crisis-Hit" Russia Bought Yet More Gold




US regime .... what can one do

"Rosneft" and Morgan Stanley have canceled the deal

Viktor wrote:And some important news from today  

Russia, Iran may start using national currencies in food trade in 2015

Putin gives start to major Arctic gas field development project

Funding for the state program of development of agriculture until 2020 increased by 47.9%

For engineering surveys for the project SCM "Moscow - Kazan" allocated 6 billion rubles. in 2015

Rosselkhoznadzor: food supplies to Russia from Iran will begin in January 2015

Medvedev signed a decree on the support of the fishing industry

"RusHydro" goes for the ruble, yuan in projects with China

China increased its oil imports from Russia

In November "Crisis-Hit" Russia Bought Yet More Gold




US regime .... what can one do

"Rosneft" and Morgan Stanley have canceled the deal

The Morgan Stanley deal failing is a blessing not a curse. It's like signing your soul to the devil!

I am going to say that is anyone surprised about what Kudrin said? I have beeb saying it for a long time already, the guy was the worst economic minister. He simply did nothing during his term. He is butt hurt because he was let go.

That said, all of his predictions never came true and always went on the news every week to revise his predictions so that after making hundreds of predictions, one would end up "true". The guy is a nobody and is simply pandering to liberalist economic ideas from US.

Vann at first didnt believe me. Now he is spouting off about it. Simply throw the guy in jail.

While the US is definately economically screwed, everyone says its "all right". In Russia, when things are getting tough, people cry hard. Wonder why.

par far wrote:

Why is President Putin not doing anything about these people?

Cause he isn't omnipotent? Or maybe because he is not a dictator? And some people can't be touched too(they have friends and influence, maybe it works for Kudrin too).