Russian Economy General News: #3

sepheronx wrote:

par far wrote:

par far wrote:A very good article explaining of what is really happening.


RT: How do you see the difference in targets of the oil producing countries? What are their interests in fact?

AS: We should not think in terms of the oil countries, the oil producing countries, because the countries that produce oil have very vastly conflicting interests, take for example, Saudi Arabia, an ally of Israel, the US, and NATO. Look at Russia - the largest oil producer in the world. It has its own very different interest. Look at the US with shale oil they will be able to be self-sufficient and become exporting again. And they have a very different sort of interest.

So we have to see oil as part of the war. That is why I call it the oil battle. It is probably the first battle of this ongoing Global War I and this has nothing to do with the oil countries on the one side and the rest of the world on the other side. There are geopolitical factors way above oil which we are now seeing in this ongoing battle. In the future we’ll probably see this also with water and with food. So we have to get ready for very, very difficult times as the following months and years are coming about.



http://rt.com/op-edge/222795-oil-prices-us-role/

Is Russia ready for water and food war? Countries like India, China, Brazil, South Africa, Venezuela, Nigeria, Iran and the rest of the world have to start preparing for the water and food war because that will be an even bigger war than the oil war. The Zionists are evil, so be ready.    

Well, seeing as how Russia started the food war by banning products from EU, and growing their own, all the while Russia being second or third largest in terms of fresh water supply, they are safe.

@Flaming

Wheb you said they raised the prices, how much are we talking? And so you got your raise to meet inflation? Good! Waiting for my conpany to do that (they never met inflation).

Yeah they already did

sepheronx wrote:Wheb you said they raised the prices, how much are we talking? And so you got your raise to meet inflation? Good! Waiting for my conpany to do that (they never met inflation).

Well I saw how a washing machine jumped in price by 35% in one day, that was a couple days after the rouble had its worst day since 1998.
It was 13,000 roubles and I planned to return the next day to buy it. By which time it was 17,000 or 18,000 roubles, I forget, which I learnt from the customer service employee talking to the woman in front of me who wanted to buy it, or any washing machine for a reasonable price actually. That was the clue really - there was a mass rush to buy appliances, electronics, cars, etc... anything with value that one might want over the next couple years or so - but that might suddenly cost a good deal more a few months later.

In the end I found the same washing machine for 14,000 in another store, so I lost no more than 1000 roubles - no big deal.

The bigger blow for me was the fridge that was on sale for 18,000, that I was going to order on the website but I decided to check some other ones out first and read some feedback. I got distracted and returned only 3 hours later; upon which time the discount had been cancelled and it was back up to 23,000.
I had to go with a cheaper model, which was inferior in a number of features/parameters, and was cheaper only by 1000 compared to the sale price of the other; I got it for 17,000. But I am glad to at least have gotten that - I think I remember checking the next day - that fridge had jumped in price too.

But to be honest that's not inflation pressure, rather it's just greedy electronics chains taking advantage of a panic rush. I would think that the prices have lowered from their heights by now, or will soon.
However the prices won't lower to their previous levels, because inflation whether we like it or not is taking place, and the prices of all things are rising. So who this affects - are the people who had substantial savings in their banks - now that money is just going to buy less, no way around it.

The people without large amounts of money saved up, and who weren't in the market for some home goods and so on - are mostly going to be affected by the price increases for staple goods; I'm talking about food mostly - potatoes, bread are what I've seen increasing; by maybe 30-35% over the last 6 months. I'm sure that other goods have increased too, if not by as much. Here the inflation has been driven by the sudden banning of European production - although other countries are rapidly filling the gap. We need another year of this ban, so that domestic producers can justify expanding their production and investing and other countries can get their supply lines up and working efficiently. So keeping tensions with Europe has it's up-sides you see  

In terms of people's savings - I'm hoping that demand falls for property purchases. I don't know if this will happen or not, but theoretically, if it does, then property prices will lower and that will more than make up for people's savings otherwise devaluing.

Inflation technically should only be effecting the items coming in as imports. Domestic goods shouldnt increase by those % unless comoanies being outright greedy.

Maybe you can confirm the rumor but I heard that major reason for price increases were due to logistic problems and out of date infrastructure for logistics. They say major bread price increases in far east was due to the railway tax system being high and lack of logistic chains. So that means could be issue for other countries whom are replacing Europe as exporters to Russia having high prices.

Few interesting articles

Russia began actively to abandon the petrodollar?

Chinese and West to 'invest heavily' in Russia, despite challenges – Gaidar Forum

​New credit rating agencies to balance 'Big Three', China says

Viktor wrote:Few interesting articles  

Russia began actively to abandon the petrodollar?

Chinese and West to 'invest heavily' in Russia, despite challenges – Gaidar Forum

​New credit rating agencies to balance 'Big Three', China says

...Viktor what's your thoughts on the femme-fatale 'Grabass-Krotchitch' character being elected president of Croatia in a George Soros style 'color revolution'? Is she not the most Prima Faci case of the Pentagon's thermonuclear strategy in Europe? I mean even before she was NATO's official Joseph Goebbels inspired propagandist, she's been embedded in the circle of U.S. thermonuclear theorists ever since she went to highschool near Los Alamos Labratory in New Mexico.

magnumcromagnon wrote:...Viktor what's your thoughts on the femme-fatale 'Grabass-Krotchitch' character being elected president of Croatia in a George Soros style 'color revolution'? Is she not the most Prima Faci case of the Pentagon's thermonuclear strategy in Europe? I mean even before she was NATO's official Joseph Goebbels inspired propagandist, she's been embedded in the circle of U.S. thermonuclear theorists ever since she went to highschool near Los Alamos Labratory in New, Mexico.

She prevailed because socialist elected before turned out to be nothing more than neo-liberal capitalist who are eager for power but to laizy to even go to work.

People got disappointed and because of it either changed their mind or decided not to vote. On the other hand nationalistic stories in Croatia are here neve to die. Even in the

next 1000 years same stories will continue to devide people in this country and it seems that just nothing can change that. Its a burden in every sense but very few understand

that although many people voice that fact. People in Croatia know very little about Croatia foreign policy and take very little interest in it. Nationalistic stories are so strong

that they beat economy stories every single time. On the other hand political party from which this new president came from already has its almost entire former Croat

government in jail for charges of corruption, treason and many other wonderful stuff.  

Just to take one fact in your perspective (our BDP rise should be 3+% only to ensure timely giving back (only) interest rates on debt we accumulated and with which was done

next to nothing and Croatia now proudly marks 6 years of negative GDP growth in a row. Our economy (without debt masking its real state) is 6% lower than what it was in year 1986

meaning that in 25+ years was done nothing as a result of work of our political elites. I think no more words is necessary and you got the picture.

But not that one of the candidates for the president who got almost 20% during the first round of elections said the first foreign president he would like to visit would be president

Vladimir Putin. I do not need to tell you that ALL our newspapers are nothing more than Guardian/Sun/DW etc outposts. Sorry for offtopic.

A bit of comedy for you guys:

World Bank recommends Russia Greek model of crisis recovery

Moody’s forecasts Russian GDP to contract by 5.5% in 2015

http://www.credo-line.com/en/media/news/Moodys-predicts-Ukraines-GDP-to-fall-by-8-this-year-and-2-in-the-next-year.htm

Moody's forecasts a 2% decline in Ukraine's GDP for 2015.

Can anybody with a brain take this rubbish seriously? No.

par far wrote:

flamming_python wrote:At least she's hot (for her age)

I think 70 percent is just the make-up, without make-up, she would be old and wrinkles.

dont hold your breath , croatia is 100% pro-german and cathollic , they fought serbia which is only pro-russian entity in south europe.
croatia is is like balkan poland. brainwashed catholic slavs serving west to the full, and hating and commiting genocides to ortodox ones.
many in ukraine are advocating croation method of ethnic cleansing like croatia did to native serbs population.
declare safe un zones in strategic areas without weapons ,when rebbels demilitarise then invade and start massacres so civilians get scared and start fleeing to russia proper on their own, so you can claim they just left,all that without any word from UN.

kvs wrote:http://www.credo-line.com/en/media/news/Moodys-predicts-Ukraines-GDP-to-fall-by-8-this-year-and-2-in-the-next-year.htm

Moody's forecasts a 2% decline in Ukraine's GDP for 2015.

Can anybody with a brain take this rubbish seriously?   No.

This is beyond pathetic, Russia's GDP to decline by 5.5%, but Ukraine's will decline by only 2%??? No reason why China/Russia will be creating they're own joint credit rating agency.

sepheronx wrote:A bit of comedy for you guys:

World Bank recommends Russia Greek model of crisis recovery

THe angloamericanzionist bankers dream to see Russia with Unrest , in major cities.. with putin popularity
very low.. this is why they promote halving the salaries of people and the government use force to deal  with the protest. also why US was provoking RUssia to invade Ukraine.. to use their media and their pathetic NGOs groups and OSCE to frame Russia for warcrimes against civilians ,women and children.

They see Russia as their major obstacle for the creation of one world Government with they giving the orders ,how should every nation live. who can live and who die.  

Rmf wrote:

par far wrote:

flamming_python wrote:At least she's hot (for her age)

I think 70 percent is just the make-up, without make-up, she would be old and wrinkles.

dont hold your breath , croatia is 100% pro-german and cathollic , they fought serbia which is only pro-russian entity in south europe.
croatia is is like balkan poland. brainwashed catholic slavs serving west to the full, and hating and commiting genocides to ortodox ones.
many in ukraine are advocating croation method of ethnic cleansing like croatia did to native serbs population.
declare safe un zones in strategic areas without weapons ,when rebbels demilitarise then invade and start massacres so civilians get scared and start fleeing to russia proper on their own, so you can claim they just left,all that without any word from UN.

Even is a OT, but I have to react my dear friend. We are not 100% pro-german. I don't know where are you from, and how much do you know about countries in former Yugoslavia, but nevertheless, Croatia is a deeply divided society. As Viktor say, we are still living divided between partizans and ustaša, there are a lots of people who would agree with Yatsjenjuk statement about Russia invading Germany and Ukraine 60 years ago... But on the other side, there are normal people, like me, who doesn't allowed to get brainwashed by mainstream media or any other revisionists who is triyng to rewrite the history... But, its doesn't happend only in Croatia. The whole eastern Europe is submerged to revisionisam and growing nationalism (so called patriotism). And you know what they say for patriotism... Patriotism is the last refuge of a scoundrel..

And as far as Croatian-Russian relationships is concerning, yes, we are (I mean, our politicians) blindly folowing EU politics and still living in a delusion that we are some kind of relevant factor not only in Europe but in the world.

Beyond ridiculous.

Like I said, Moody's and S&P are total jokes and were responsible for the 2008 crisis.  Like many other people say before: "Who cares what Moody thinks".  They can say Russian GDP will decline 100% and it wont be true or real.  This is an example of it.

Ukraine, who has maybe half the country productive, and the other half that provided majority of the nations wealth is a warzone, civil war in the country, and close to bankruptcy and they have only a GDP decline of 2%?  Reality is going to show something completely different.  It all truly comes down to the value of currencies next to USD.  If your currency has a higher value to the USD, then your economy is doing better than someone who isn't. at least according to Moody's and the rest.

GDP PPP is the real indicator, and we should see how that will effect things.

Once Chinese and Russian (Indian and other) credit Agencies start, then things will change and Moody's and S&P will end up nobodies.  Already a Chinese credit agency gives Russia an A rating while USA a A-.  You don't hear much about that in western news.  Guess why?

http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financial-crisis-20130619

Thanks to a mountain of evidence gathered for a pair of major lawsuits by the San Diego-based law firm Robbins Geller Rudman & Dowd, documents that for the most part have never been seen by the general public, we now know that the nation's two top ratings companies, Moody's and S&P, have for many years been shameless tools for the banks, willing to give just about anything a high rating in exchange for cash.

In incriminating e-mail after incriminating e-mail, executives and analysts from these companies are caught admitting their entire business model is crooked.



Read more: http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financial-crisis-20130619#ixzz3P014Ydhi
Follow us: @rollingstone on Twitter | RollingStone on Facebook

http://itar-tass.com/en/economy/771517

Investors are waiting for the S&P decision on Russia's credit rating, which could come in the next few days. Oil prices on Friday morning have resumed their growth, after failure to stay in positive during yesterdays trading.

Moody's and S&P are speculators. They are the ones causing damage to Russia through foreign investors. So foreign investors follow blindly what these agencies say, thus creating the issue. But, this is an issue that caused lots of investors to lose big time. While they give good ratings to USA, many investors are going bankrupt in USA. Oh well. What can you do. That is up to Russia and the investors if they want to make this a deal. Many countries like India are successful with a very low FDI, so Russia should also move its economy in that direction, where they use their own money, their own credit and their own resources to build themselves up, and bar both S&P and Moody's from their country and list them as criminal organizations from the 2008 world crisis. So at that point, S&P and Moodys credit ratings will become total pointless.

Vann7 wrote:

sepheronx wrote:A bit of comedy for you guys:

World Bank recommends Russia Greek model of crisis recovery

THe angloamericanzionist bankers dream to see Russia with Unrest , in major cities.. with putin popularity
very low.. this is why they promote halving the salaries of people and the government use force to deal  with the protest. also why US was provoking RUssia to invade Ukraine.. to use their media and their pathetic NGOs groups and OSCE to frame Russia for warcrimes against civilians ,women and children.

They see Russia as their major obstacle for the creation of one world Government with they giving the orders ,how should every nation live. who can live and who die.  

With what has happened in the world, is that still feasible?

According to IMF, Elvira Nabiullina has succeeded in stablizing the ruble. At least, in the past few days and up till now.

http://rt.com/business/223391-ruble-support-working-imf

par far wrote:

With what has happened in the world, is that still feasible?

As soon Soviet Union collapsed.. remember that NATO began their European Spring.. and began to bomb Yugoeslavia and serbia.. and others.. and began to expand towards Russian borders.. So if Russia splits again like in soviet times..
(which i don't think will happen but at least they can try..) then nothing will stop NATO to bomb IRAN and Syria directly.. and take full control of middle east.. and then later create EuroMaidans in India and China...  
Once they control all Asia and middle east..  they in essence will control the world.  But i don't think it will last for long.  People will get tired of slavery and tyranny and Americans will become more angry at their government..

So my best guess is that before  one world government happens ,it will be far easier for USA to experience a soviet union collapse.. and divide in parts.. Americans will get tired of their government Tyranny .  And they will become a minority too.. Latins who are christians catholic officially will become a majority in USA in half a century.  So there is hope.. USA will get fixed .. Before any world government happens. all those estimates are If no major nuclear war happens of course..

Someone needs to shot in the head Kudrin...

the bastard 5th column continues with its doom predictions against Russia..
he say in public that the government and putin are wrong and that they need to capitulate with the west.. and be nice
with them so sanctions are removed.. what a bastard..

He is an economist and he fucking knows that the worse thing that can happen in any economic dificulties is
that fears takes control of society.. and they stop working or doing any business and just try to just leave the nation.
He perfectly well knows what he is doing is a creating Panic in RUssian society.. and he deserve to be judge for treason and shot in the head in public..

he is completely negative about Russia economic future and bitch about Putin and the Government actions that are wrong.. and he claims the future will not be so good for Russia without cooperation with USA.. that bastard needs to be killed or arrested for life .. for taking advantage of his previous ranking position to provoke panic in society..

http://itar-tass.com/en/russia/771692

Is anyone aware here of any Russian lawnmaker demanding his arrest for treason ? for promoting western interest and panic in society?

all western media are having a field day with Kudrin declarations.. that bastard have to be paid for his comments..
while Russia government mobilize to create confidence in society ...the bastard do the opposite and try to scare
the Russian society.

Vann7 wrote:
Someone needs to shot in the head Kudrin...

the bastard 5th column continues with its doom predictions against Russia..
he say in public that the government and putin are wrong and that they need to capitulate with the west.. and be nice
with them so sanctions are removed..  what a bastard..

He is an economist and he fucking knows that the worse thing that can happen in any economic dificulties is
that fears takes control of society.. and they stop working or doing any business and just try to just leave the nation.
He perfectly well knows what he is doing is a creating Panic in RUssian society.. and he deserve to be judge for treason and shot in the head in public..

he is completely negative about Russia economic future and bitch about Putin and the Government actions that are wrong.. and he claims the future will not be so good for Russia without cooperation with USA.. that bastard needs to be killed or arrested for life .. for taking advantage of his previous ranking position to provoke panic in society..

http://itar-tass.com/en/russia/771692

Is anyone aware here of any Russian lawnmaker demanding his arrest for treason ? for promoting western interest and panic in society?

all western media are having a field day with Kudrin declarations.. that bastard have to be paid for his comments..
while Russia government mobilize to create confidence in society ...the bastard do the opposite and try to scare
the Russian society.  

There is no effort to shut the clown up. But that is usual for Russia. All sorts of 5th column turds are allowed to roam free and facilitate
the west's BS narratives on Russia.

A lot of the worst specimens in the propaganda war on Russia are actually former members of Russia's government, like Kudrin. Recall
Illarionov an ex-Putin adviser and professional Putin and Russia hater.

That such worms are no longer in the government is a major achievement by Putin. All their screeching just confirms this fact.

Looks like the U.S. isn't the land of milk & honey like our resident Anglophile likes to boast about:

Majority of America's public school children are living in poverty

CB: The outflow of capital from Russia in 2014 increased by 2.5 times

The Bank of Russia assessed net the export of capital by banks and enterprises of Russia in 2014 to $ 151.5 billion, which is 2.5 times more than in 2013 ($ 61.0 billion), the message says on the website of the Central Bank. In 2015, the Central Bank expects to reduce capital outflows due to lower volume of foreign debt payments.

Bank notes that $ 19.8 billion of the amount of outflow - that's transaction currency repo with banks in the IV quarter, and thus this part of the outflow is temporary. Including due to repo the last quarter of 2014 net capital exports increased by 9.4 times - up to $ 72.9 billion compared with $ 7.7 billion in the III quarter, said the Central Bank. In the II quarter net outflow of capital amounted to $ 22.4 billion, in I quarter - $ 48.2 billion. "An important factor in increasing net outflow of capital from the private sector in 2014, along with increased foreign assets became payments on external debt of companies and banks in terms of narrowing opportunities to refinance debt because of sanctions," - writes the Central Bank.

Direct investments in non-banking sector in Russia in 2014 amounted to $ 18.6 billion, which is 3.3 times less than in 2013 ($ 61.5 billion). At the same time, Russia maintains a trade surplus - it grew by 2% to $ 185.6 billion, compared with $ 181.9 billion in 2013. The surplus of the current account balance of payments Russia in 2014 reached $ 56.7 billion, which is 66, 2% more than in 2013 ($ 34.1 billion).

Last year, the Ministry of Economic Development estimated the outflow of capital in 2014 of $ 120-130 billion, the Central Bank - to $ 134 billion, is expected to decline in 2015 to $ 118 billion.

Austin wrote:CB: The outflow of capital from Russia in 2014 increased by 2.5 times

The Bank of Russia assessed net the export of capital by banks and enterprises of Russia in 2014 to $ 151.5 billion, which is 2.5 times more than in 2013   ($ 61.0 billion), the message says on the website of the Central Bank. In 2015, the Central Bank expects to reduce capital outflows due to lower volume of foreign debt payments.

Bank notes that $ 19.8 billion of the amount of outflow - that's transaction currency repo with banks in the IV quarter, and thus this part of the outflow is temporary. Including due to repo the last quarter of 2014 net capital exports increased by 9.4 times - up to $ 72.9 billion compared with $ 7.7 billion in the III quarter, said the Central Bank. In the II quarter net outflow of capital amounted to $ 22.4 billion, in I quarter - $ 48.2 billion. "An important factor in increasing net outflow of capital from the private sector in 2014, along with increased foreign assets became payments on external debt of companies and banks in terms of narrowing opportunities to refinance debt because of sanctions," - writes the Central Bank.

Direct investments in non-banking sector in Russia in 2014 amounted to $ 18.6 billion, which is 3.3 times less than in 2013   ($ 61.5 billion). At the same time, Russia maintains a trade surplus - it grew by 2% to $ 185.6 billion, compared with $ 181.9 billion in 2013. The surplus of the current account balance of payments Russia in 2014 reached $ 56.7 billion, which is 66, 2% more than in 2013   ($ 34.1 billion).

Last year, the Ministry of Economic Development estimated the outflow of capital in 2014 of $ 120-130 billion, the Central Bank - to $ 134 billion, is expected to decline in 2015 to $ 118 billion.

Good.  I want Russia to be more like India.  Rely less on FDI and rely more on domestic investments.  FDI dropping is just a sign that they need to rely on themselves and diversify FDI away from Europe.  But to the whole world.

Vann7 wrote:
Someone needs to shot in the head Kudrin...

the bastard 5th column continues with its doom predictions against Russia..
he say in public that the government and putin are wrong and that they need to capitulate with the west.. and be nice
with them so sanctions are removed..  what a bastard..

He is an economist and he fucking knows that the worse thing that can happen in any economic dificulties is
that fears takes control of society.. and they stop working or doing any business and just try to just leave the nation.
He perfectly well knows what he is doing is a creating Panic in RUssian society.. and he deserve to be judge for treason and shot in the head in public..

he is completely negative about Russia economic future and bitch about Putin and the Government actions that are wrong.. and he claims the future will not be so good for Russia without cooperation with USA.. that bastard needs to be killed or arrested for life .. for taking advantage of his previous ranking position to provoke panic in society..

http://itar-tass.com/en/russia/771692

Is anyone aware here of any Russian lawnmaker demanding his arrest for treason ? for promoting western interest and panic in society?

all western media are having a field day with Kudrin declarations.. that bastard have to be paid for his comments..
while Russia government mobilize to create confidence in society ...the bastard do the opposite and try to scare
the Russian society.  

Kudrin isn't in power anymore because he failed at his job and was booted out by Medvedev. The guy had no idea about economics. Actually, Ukelele or whatever his name (current economics minister) is exactly like Kudrin in both policies and mindset. In the end, he will end up gone too and join Kudrin in the same field. Both guys know only 1 thing: Sell Oil, and beg for cheap credit from USA and Europe. That is the only thing they ever done. They seeked FDI and cheap loans in order to do anything, and even under Kudrin, they did not create really anything. Majority of these investment projects are around the time Kudrin was forced out or because Medvedev pushed them.

Russia needs a different economics minister. One that isn't educated in Washington or New York, or London. Maybe one from Shanghai or from Moscow. They need to push domestic consumption, push for internal loan structure, and make it easier for average Russian to invest in the domestic market/enterprises. There needs to be more people working (Russia may have one of the lowest unemployment in Europe, but needs to be like Belarus) and there needs to be more internal development. Either through investment of Infrastructure development, or manufacturing or both. Technically, Russians can make tons of money if they simply push for new road development, new logistical centers and new railway lines throughout Russia. This will make traveling and transporting much cheaper. There also needs to be more manufacturing. Doing so, they can develop an economy that is self reliant. Dumbass Kudrin is simply seeing that wages will drop because of inflation mixed with value of Ruble to USD. It is a false comparison. The lack of control in the market or at least going after the people taking advantage of this and raising prices beyond necessary, should be dealt with to lower prices overall (make examples of people), and just bar USD as a currency altogether in Russian economy, thus making the exchange rate completely useless. Even if average Russian made $100 a month, but do not have to pay rent or rent is a fraction of this a month, so is food, and etc, then they are not really all bad off. They should also pump more gold and start handing gold and rubles out as liquidity to all the banks.

kvs wrote:
Illarionov an ex-Putin adviser and professional Putin and Russia hater.  

That such worms are no longer in the government is a major achievement by Putin.  All their screeching just confirms this fact.

Speaking about worms ....
look where now Illarionov works..   from wiki..

Illarionov is a Russian economist and former economic policy advisor to the President of Russia, Vladimir Putin. He works as a senior fellow in the Center for Global Liberty and Prosperity at the Cato Institute in Washington, DC

That never fails.. whenever a worm condemn Putin or Russia Government policies it happen by coincidence
to ends in TR1's lovely terrorist estates of north america. the best part is the name of his the company he work..

"GLOBAL LIBERTY" and prosperity...  

If there is any doubt still about USA global agendas and its Global propaganda crap to create global slavery with them in control of the entire world then that should give them another hint..

reality is.. it will be impossible to find a worm in RUssia ,that condemn Russian Government and Putin..that continually calls for protest that does not see USA/Israel with good eyes..  Kudrin deserves to be sent to kiev and be burned alive by the banderas just for being Russian..

I was reading CB statement of Forex Outflow of $130 for 2015 and 120 billion for 2016.

Considering Russia has around $385 Billion in Forex including Gold , The total outflow for this and next year is projected at $250-260 billion.

That leaves around $125 billion .......most of this outflow are related to Foreign Debt Repayment as due to sanctions loans of companies cannot be refinance.

Would it be wise to then pay off the loan or it would be wiser to stop all loan repayment till sanctions are removed ?

Also how do they pay for import with such low reserves ?