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    Russian Economy General News: #4

    sepheronx
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    Post  sepheronx Mon Apr 20, 2015 8:58 pm

    http://sputniknews.com/europe/20150420/1021135948.html

    So company letterone, who recently purchased offshore british wells, is being forced to sell its wells or face license revoke. So I suppose british companies in Russia should be subjected to the same?

    British government pukes. World Trade my arse. WTO is a farce.
    max steel
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    Post  max steel Mon Apr 20, 2015 9:42 pm

    sepheronx wrote:http://sputniknews.com/europe/20150420/1021135948.html

    So company letterone, who recently purchased offshore british wells, is being forced to sell its wells or face license revoke. So I suppose british companies in Russia should be subjected to the same?

    British government pukes. World Trade my arse. WTO is a farce.

    lol! read this : As Gazprom CEO Arrives In Athens, EU (Coincidentally) Files Anti-Trust Charges Against Russian Giant . Why would anyone want to do business in Europe when you'll just get bitch-slapped for political reasons?



    http://www.zerohedge.com/news/2015-04-20/gazprom-ceo-arrives-athens-eu-coincidentally-files-anti-trust-charges-against-russia


    The EU forced Greece and Bulgaria to play the game according to the interests of the Western big companies . The failure of selling the Greek gas company (DEPA) to Russians, was not accidental, since in this case, Gasprom would have become the basic stakeholder of the Greek-Bulgarian pipeline IGB, in which the Greek company participates. And this means that the supply of Bulgaria and Romania with gas from Azerbaijan would be impossible. The 180 degree turn of European Commission is characteristic, since, while appeared at the start supporting fully the Nabucco pipeline, subsequently withdrew its support, since Nabucco was no longer competitive against Russian interests pipeline South Stream.
    kvs
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    Post  kvs Tue Apr 21, 2015 3:13 am

    http://www.skyscrapercity.com/showpost.php?p=123379432&postcount=21520

    The original article is behind a paywall but is quoted in the above post (in Russian).

    This is how Russians are being brainwashed by their own media, which is spreading western misinformation.
    The paper is Vedemosti and it quotes some BS Bloomberg consensus to predict a big GDP drop in the
    first quarter of 2015.

    Russian Economy General News: #4 - Page 16 DCkcuQH

    It even attributes this forecast to the Russian Statics Agency (GKS). What brazen fraud. GKS has made
    no such forecast. I can't find a single reference to such a figure on the GKS webpage (in Russian).

    NATO propagandists would have you believe that the Russian media is controlled by Putin. The above
    is proof that this is a lie. And has been a lie since the 1990s.
    sepheronx
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    Post  sepheronx Tue Apr 21, 2015 3:52 am

    what was the GDP of 2015 Q1?
    avatar
    par far


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    Post  par far Tue Apr 21, 2015 9:00 am

    sepheronx wrote:http://sputniknews.com/europe/20150420/1021135948.html

    So company letterone, who recently purchased offshore british wells, is being forced to sell its wells or face license revoke. So I suppose british companies in Russia should be subjected to the same?

    British government pukes. World Trade my arse. WTO is a farce.
    o


    The Russian government needs to start doing the same.
    avatar
    par far


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    Post  par far Tue Apr 21, 2015 9:05 am

    max steel wrote:
    sepheronx wrote:http://sputniknews.com/europe/20150420/1021135948.html

    So company letterone, who recently purchased offshore british wells, is being forced to sell its wells or face license revoke. So I suppose british companies in Russia should be subjected to the same?

    British government pukes. World Trade my arse. WTO is a farce.

    lol!  read this : As Gazprom CEO Arrives In Athens, EU (Coincidentally) Files Anti-Trust Charges Against Russian Giant  .  Why would anyone want to do business in Europe when you'll just get bitch-slapped for political reasons?  



    http://www.zerohedge.com/news/2015-04-20/gazprom-ceo-arrives-athens-eu-coincidentally-files-anti-trust-charges-against-russia


    The EU forced Greece and Bulgaria to play the game according to the interests of the Western big companies . The failure of selling the Greek gas company (DEPA) to Russians, was not accidental, since in this case, Gasprom would have become the basic stakeholder of the Greek-Bulgarian pipeline IGB, in which the Greek company participates. And this means that the supply of Bulgaria and Romania with gas from Azerbaijan would be impossible. The 180 degree turn of European Commission is characteristic, since, while appeared at the start supporting fully the Nabucco pipeline, subsequently withdrew its support, since Nabucco was no longer competitive against Russian interests pipeline South Stream.


    The jokes on them, if they file a lawsuit against the Russian giant, then the Russian giant can raise the price of gas. Then EU is just paying off their own lawsuit LOL.
    Werewolf
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    Post  Werewolf Tue Apr 21, 2015 9:18 am

    kvs wrote:http://www.skyscrapercity.com/showpost.php?p=123379432&postcount=21520

    The original article is behind a paywall but is quoted in the above post (in Russian).

    This is how Russians are being brainwashed by their own media, which is spreading western misinformation.
    The paper is Vedemosti and it quotes some BS Bloomberg consensus to predict a big GDP drop in the
    first quarter of 2015.

    Russian Economy General News: #4 - Page 16 DCkcuQH

    It even attributes this forecast to the Russian Statics Agency (GKS).   What brazen fraud.   GKS has made
    no such forecast.   I can't find a single reference to such a figure on the GKS webpage (in Russian).

    NATO propagandists would have you believe that the Russian media is controlled by Putin.   The above
    is proof that this is a lie.   And has been a lie since the 1990s.

    Vedemosti is financed by US NGO's.

    Viktor
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    Post  Viktor Tue Apr 21, 2015 6:36 pm

    Ever increasing numbers joining in Russian SWIFT Very Happy

    To Russian peers joined SWIFT 168 banks

    and other good news

    Russian LNG sector is catching up departing train

    Budget spending limit decline in GDP by 3%

    Dvorkovich: Russia is planning to agree on gas supplies to China via the western route
    Viktor
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    Post  Viktor Tue Apr 21, 2015 8:18 pm

    And it was about time russia

    Duma adopted in the I reading the law on credit rating agencies
    Hannibal Barca
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    Post  Hannibal Barca Tue Apr 21, 2015 11:01 pm

    sepheronx wrote:what was the GDP of 2015 Q1?


    If I am not very much mistaken +0.8%
    magnumcromagnon
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    Post  magnumcromagnon Wed Apr 22, 2015 4:02 am

    Eurasia as we (and the U.S.) knew it is dead

    By Pepe Escobar

    Move over, Cold War 2.0. The real story, now and for the foreseeable future, in its myriad declinations, and of course, ruling out too many bumps in the road, is a new, integrated Eurasia forging ahead.

    China’s immensely ambitious New Silk Road project will keep intersecting with the Russia-led Eurasia Economic Union (EEC). And that will be the day when the EU wakes up and finds a booming trade/commerce axis stretching from St. Petersburg to Shanghai. It’s always pertinent to remember that Vladimir Putin sold a similar, and even more encompassing, vision in Germany a few years ago – stretching from Lisbon to Vladivostok.

    It will take time – and troubled times. But Eurasia’s radical face lift is inexorable. This implies an exceptionalist dream – the U.S. as Eurasia hegemon, something that still looked feasible at the turn of the millennium – fast dissolving right before anyone’s eyes.

    Russia pivots East, China pivots West

    A few sound minds in the U.S. remain essential as they fully deconstruct the negatives, pointing to the dangers of Cold War 2.0. The Carnegie Moscow Center’s Dmitri Trenin, meanwhile, is more concerned with the positives, proposing a road map for Eurasian convergence.

    The Russia-China strategic partnership – from energy trade to defense and infrastructure development – will only solidify, as Russia pivots East and China pivots West. Geopolitically, this does not mean a Moscow subordinated to Beijing, but a rising symbiotic relationship, painstakingly developed in multiple stages.

    The BRICs – that dirty word in Washington – already have way more global appeal, and as much influence as the outdated G-7. The BRIC New Development Bank, ready to start before the end of 2015, is a key alternative to G7-controlled mechanisms and the IMF.

    The Shanghai Cooperation Organization (SCO) is bound to include India and Pakistan at their upcoming summer summit in Russia, and Iran’s inclusion, post-sanctions as an official member, would be virtually a done deal by 2016. The SCO is finally blossoming as the key development, political/economic cooperation and security forum across Asia.

    Putin’s “greater Europe” from Lisbon to Vladivostok – which would mean the EU + EEC – may be on hold while China turbo-charges the its New Silk Road in both its overland and maritime routes. Meanwhile, the Kremlin will concentrate on a parallel strategy – to use East Asian capital and technology to develop Siberia and the Russian Far East. The yuan is bound to become a reserve currency across Eurasia in the very near future, as the ruble and the yuan are about to rule for good in bilateral trade.

    The German factor

    “Greater Europe” from Lisbon to Vladivostok inevitably depends on a solution to the German puzzle. German industrialists clearly see the marvels of Russia providing Germany – much more than the EU as a whole – with a privileged geopolitical and strategic channel to Asia-Pacific. However, the same does not apply as yet to German politicos. Chancellor Angela Merkel, whatever her rhetoric, keeps toeing the Washington line.

    The Russian Pipelineistan strategy was already in place – via Nord Stream and South Stream – when interminable EU U-turns led Moscow to cancel South Stream and launch Turk Stream (which will, in the end, increase energy costs for the EU). The EU, in exchange, would have virtually free access to Russia’s wealth of resources, and internal market. The Ukraine disaster means the end of all these elaborate plans.

    Germany is already the defacto EU conductor for this economic express train. As an export powerhouse, its only way to go is not West or South, but East. Thus, the portentous spectacle of an orchestra of salivating industrialists when Xi Jinping went to Germany in the spring of 2104. Xi proposed no less than a high-speed rail line linking the New Silk Road from Shanghai to Duisburg and Berlin.

    A key point which shouldn’t be lost on Germans: a vital branch of the New Silk Road is the Trans-Siberian high-speed rail remix. So one of the yellow BRIC roads to Beijing and Shanghai boasts Moscow as a strategic pit stop.

    That Empire of Chaos …

    Beijing’s Go West strategy overland is blissfully free of hyperpower meddling – from the Trans-Siberian remix to the rail/road routes across the Central Asian “stans” all the way to Iran and Turkey. Moreover, Russia sees it as a symbiosis, considering a win-win as Central Asian stans jump simultaneously aboard the EEU and what Beijing dubs the Silk Road Economic Belt.

    On other fronts, meanwhile, Beijing is very careful to not antagonize the U.S., the reigning hyperpower. See for instance this quite frank but also quite diplomatic interview to the Financial Times by Chinese Prime Minister Li Keqiang.

    One key aspect of the Russia-China strategic partnership is that both identify Washington’s massively incoherent foreign policy as a prime breeder of chaos – exactly as I argue in my book Empire of Chaos.

    In what applies specifically to China and Russia, it’s essentially chaos as in divide and rule. Beijing sees Washington trying to destabilize China’s periphery (Hong Kong, Tibet, Xinjiang), and actively interfering in the South China Sea disputes. Moscow sees Washington obsessed with the infinite expansion of NATO and taking no prisoners in preventing Russia’s efforts at Eurasian integration.

    Thus, the certified death of Russia’s previous geopolitical strategy. No more trying to feel included in an elite Western club such as the G-8. No more strategic partnership with NATO.

    Always expert at planning well in advance, Beijing also sees how Washington’s relentless demonization of not only Putin, but Russia as a whole (as in submit or else), constitute a trial run on what might be applied against China in the near future.

    Meet the imponderables

    All bets are off on how the fateful U.S.-China-Russia triangle will evolve. Arguably, it may take the following pattern: The Americans talk loud and carry an array of sticks; the Russians are not shy to talk back while silently preparing strategically for a long, difficult haul; the Chinese follow a modified “Little Helmsman” Deng Xiaoping doctrine – talk very diplomatically while no longer keeping a low profile.

    Beijing’s already savvy to what Moscow has been whispering: Exceptionalist Washington – in decline or not – will never treat Beijing as an equal or respect Chinese national interests.

    In the great Imponderables chapter, bets are still accepted on whether Moscow will use this serious, triple threat crisis – sanctions, oil price war, ruble devaluation – to radically apply structural game changers and launch a new strategy of economic development. Putin’s recent Q&A, although crammed with intriguing answers, still isn’t clear on this.

    Other great imponderable is whether Xi, armed with soft power, charisma and lots of cash, will be able to steer, simultaneously, the tweaking of the economic model and a Go West avalanche that does not end up alienating China’s multiple potential partners in building the New Silk roads.

    A final, super-imponderable is whether (or when, if ever) Brussels will decide to undertake a mutually agreed symbiosis with Russia. This, vs. its current posture of total antagonism that extends beyond geopolitical issues. Germany, under Merkel, seems to have made the choice to remain submitted to NATO, and thus, a strategic midget.

    So what we have here is the makings of a Greater Asia from Shanghai to St. Petersburg – including, crucially, Tehran – instead of a Total Eurasia that extends from Lisbon to Vladivostok. Total Eurasia may be broken, at least for now. But Greater Asia is a go. There will be a tsunami of efforts by the usual suspects, to also break it up.

    All this will be fascinating to watch. How will Moscow and Beijing stare down the West – politically, commercially and ideologically – without risking a war? How will they cope with so much pressure? How will they sell their strategy to great swathes of the Global South, across multiple Asian latitudes?

    One battle, though, is already won. Bye, bye Zbigniew Brzezinski. Your grand chessboard hegemonic dream is over.

    Eurasia as we (and the U.S.) knew it is dead
    Viktor
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    Post  Viktor Wed Apr 22, 2015 7:46 pm

    Nice Very Happy thumbsup

    Turkey and Russia may conclude free trade agreement by year end — Turkish minister

    Ulyukayev: the authorities will have to take a decision to gradually increase the retirement age

    MAYOR improved forecast GDP and the rate of the ruble in 2015

    Weekly inflation in Russia has returned to the level of 0.2%
    avatar
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    Post  Austin Wed Apr 22, 2015 8:01 pm

    ^^ Nice Viktor , Thanks for you effort , Keeping Posting , I enjoy reading always !
    avatar
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    Post  Austin Wed Apr 22, 2015 8:08 pm

    Just had a query if push comes to shove can Gazprom actually move the entire European Gas to Asian Market thats what they keep saying but is it feseable to move such large volume to asian market without a drop in gas price
    Viktor
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    Post  Viktor Wed Apr 22, 2015 8:08 pm

    Austin wrote:^^ Nice Viktor , Thanks for you effort , Keeping Posting , I enjoy reading always !

    My pleasure Austin ... tnx

    Soviet Redux: Vietnam Is Joining Russia's Eurasian Trade Bloc Very Happy thumbsup
    magnumcromagnon
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    Post  magnumcromagnon Wed Apr 22, 2015 9:05 pm

    Viktor wrote:
    Austin wrote:^^ Nice Viktor , Thanks for you effort , Keeping Posting , I enjoy reading always !

    My pleasure Austin ... tnx

    Soviet Redux: Vietnam Is Joining Russia's Eurasian Trade Bloc Very Happy thumbsup

    Rolling Eyes Leave it to the imbeciles at Vice Magazine to not realize that a Free Trade Association =/= Soviet Communism, and that the majority of the USSR member states were apart of the Russian empire before they were apart of the USSR.
    Viktor
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    Post  Viktor Wed Apr 22, 2015 9:27 pm

    magnumcromagnon wrote:
    Viktor wrote:
    Austin wrote:^^ Nice Viktor , Thanks for you effort , Keeping Posting , I enjoy reading always !

    My pleasure Austin ... tnx

    Soviet Redux: Vietnam Is Joining Russia's Eurasian Trade Bloc Very Happy thumbsup

    Rolling Eyes Leave it to the imbeciles at Vice Magazine to not realize that a Free Trade Association =/= Soviet Communism, and that the majority of the USSR member states were apart of the Russian empire before they were apart of the USSR.

    Most of the people here can clearly see the propaganda and spam and because of it, it is not important. But what is important is that Vietnam will join free trade zone with the Custom

    Union.
    max steel
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    Post  max steel Wed Apr 22, 2015 9:32 pm

    tpp went in gutter perhaps .
    Cyberspec
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    Post  Cyberspec Thu Apr 23, 2015 2:21 am

    max steel wrote:tpp went in gutter perhaps .

    Perhaps they're not as mutually exclusive in the longer run than it seems at the moment.
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    Post  Kimppis Thu Apr 23, 2015 12:41 pm

    So according to Medvedev, the sanctions are going to cost Russia $75 billion this year, which is "around 5% of the GDP". How is that even possible if the economy is going to decrease by 2-4% and even that is mostly due to oil price?
    KoTeMoRe
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    Post  KoTeMoRe Thu Apr 23, 2015 12:55 pm

    Kimppis wrote:So according to Medvedev, the sanctions are going to cost Russia $75 billion this year, which is "around 5% of the GDP". How is that even possible if the economy is going to decrease by 2-4% and even that is mostly due to oil price?

    How is 75 billion 5% of Russian GDP? Is this revised rate and if so how does Medvedev knows how 2015 will end?

    Because sanctions are offset to a certain amount and losses FROM sanctions are recouped with local production and diversification.

    Little example.

    I own shop. You are my main supplier. The trade with you amounts to 5% of my total income. You stop supplying me. I find another supplier, to replace your input.
    But I have lost those 5% anyway.
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    Post  Kimppis Thu Apr 23, 2015 1:47 pm

    KoTeMoRe wrote:
    Kimppis wrote:So according to Medvedev, the sanctions are going to cost Russia $75 billion this year, which is "around 5% of the GDP". How is that even possible if the economy is going to decrease by 2-4% and even that is mostly due to oil price?

    How is 75 billion 5% of Russian GDP? Is this revised rate and if so how does Medvedev knows how 2015 will end?

    Because sanctions are offset to a certain amount and losses FROM sanctions are recouped with local production and diversification.

    Little example.

    I own shop. You are my main supplier. The trade with you amounts to 5% of my total income. You stop supplying me. I find another supplier, to replace your input.
    But I have lost those 5% anyway.

    Well, ask Medvedev. And it's probably true, with the current exchange rate. According to Finnish media, he just said all that like a few days ago.
    KoTeMoRe
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    Post  KoTeMoRe Thu Apr 23, 2015 1:58 pm

    Kimppis wrote:
    KoTeMoRe wrote:
    Kimppis wrote:So according to Medvedev, the sanctions are going to cost Russia $75 billion this year, which is "around 5% of the GDP". How is that even possible if the economy is going to decrease by 2-4% and even that is mostly due to oil price?

    How is 75 billion 5% of Russian GDP? Is this revised rate and if so how does Medvedev knows how 2015 will end?

    Because sanctions are offset to a certain amount and losses FROM sanctions are recouped with local production and diversification.

    Little example.

    I own shop. You are my main supplier. The trade with you amounts to 5% of my total income. You stop supplying me. I find another supplier, to replace your input.
    But I have lost those 5% anyway.

    Well, ask Medvedev. And it's probably true, with the current exchange rate. According to Finnish media, he just said all that like a few days ago.

    The revised rate at how much? The current exchange rate sees a 25% hike last year. YOY it is about 45% hike (35vs USD to current 51). Which should if everything stays equal sink the Russian GDP value at about 1.2 trln USD. However as a part of Russian revenue is in hard currency (probably up to 0.6 trillion) this doesn't affect Russia as much.

    May I have a source?
    sepheronx
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    Post  sepheronx Thu Apr 23, 2015 2:40 pm

    Kimppis wrote:So according to Medvedev, the sanctions are going to cost Russia $75 billion this year, which is "around 5% of the GDP". How is that even possible if the economy is going to decrease by 2-4% and even that is mostly due to oil price?

    He probably didnt say that since I never seen that even in Russian news. As well, $75B isnt 5% of GDP. Are you sure he said that or is that what Finn Media is saying?

    I am also curious how it will cost Russia money when they cannot buy western goods? Can someone explain that to me? Was the import business worth $75B? Cause when you purchase your own made goods, you GAIN revenue. Logically, what your media ia claiming that medvedev said, sure does not sound right. $75B, does that also include debt repayment? If so, that doesnt count.


    Last edited by sepheronx on Thu Apr 23, 2015 2:55 pm; edited 1 time in total
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    Post  KoTeMoRe Thu Apr 23, 2015 2:49 pm

    I think we have a problem here...
    Radio Free Sh** wrote: Russian Prime Minister Dmitry Medvedev said on April 21 that the country's economy has lost an estimated 25 billion euros as a result of Western sanctions and that the losses could be "several times" higher this year.

    Speaking in his annual report to parliament on the economy, Medvedev said Russia's gross domestic product dropped by about 2 percent in the first quarter of 2015. That drop, if confirmed, would be Russia's first quarterly contraction since the deep recession of 2009.

    Medvedev's assessment of Russia's economic situation was starker and more frank than upbeat comments from President Vladimir Putin, who told the nation on April 16 that the economy was "over the worst."

    Medvedev said Russia's losses from sanctions imposed by the European Union, the United States, and other countries over Moscow's interference in Ukraine have been "significant -- we won't hide it," and could get worse.

    "For the first time in the history of Russia after the collapse of the U.S.S.R....our country has turned out to be under the influence of two external shocks -- a sharp drop in oil prices and unprecedentedly harsh sanctions pressure," he said. "We've never faced such an array of simultaneous challenges."


    So how did that become 75 billion?

    Various sites are using the 75 billion Euro quote liberally, while other sites have been directly quoting the PM
    Yahoo Finance wrote: Mr Medvedev said the sanctions had cost the economy €25bn in 2014 - or 1.5 pc of GDP. "In 2015 that number could increase several times," he said.

    There you are.


    Last edited by KoTeMoRe on Thu Apr 23, 2015 2:59 pm; edited 1 time in total

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