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Karl HaushoferWhat does this actually mean? Does "non-oil export" mean the same as "non-commodity export" (meaning other than oil, gas, timber, diamonds, coal etc.)?sepheronx wrote:Meanwhile, according to the recently published data, in 2014 the share of non-oil exports amounted to 51, 5%and exceeded, thus, the size of the share of commodity exports in Russia. Total for the year of the Russian Federation sold abroad goods and services worth about $ 500 billion.
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Russian Economy General News: #4
Karl Haushofer- Posts : 1228
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sepheronx- Posts : 8839
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Join date : 2009-08-06
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Karl Haushofer wrote:What does this actually mean? Does "non-oil export" mean the same as "non-commodity export" (meaning other than oil, gas, timber, diamonds, coal etc.)?sepheronx wrote:Meanwhile, according to the recently published data, in 2014 the share of non-oil exports amounted to 51, 5%and exceeded, thus, the size of the share of commodity exports in Russia. Total for the year of the Russian Federation sold abroad goods and services worth about $ 500 billion.
Yes. So it accounts for also oil industry based end products like the pipelines and refineries/equipment, which makes sense since Russia obtained plenty of foreign countries contracts, like in Africa. It will also account for mining goods. Energy making ewuipment companies like powermachines was to overtake sales of military equipment in billions overall as Russia is top in competitor in electrical equipment.
Karl Haushofer- Posts : 1228
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Join date : 2015-05-03
sepheronx wrote:Karl Haushofer wrote:What does this actually mean? Does "non-oil export" mean the same as "non-commodity export" (meaning other than oil, gas, timber, diamonds, coal etc.)?sepheronx wrote:Meanwhile, according to the recently published data, in 2014 the share of non-oil exports amounted to 51, 5%and exceeded, thus, the size of the share of commodity exports in Russia. Total for the year of the Russian Federation sold abroad goods and services worth about $ 500 billion.
Yes. So it accounts for also oil industry based end products like the pipelines and refineries/equipment, which makes sense since Russia obtained plenty of foreign countries contracts, like in Africa. It will also account for mining goods. Energy making ewuipment companies like powermachines was to overtake sales of military equipment in billions overall as Russia is top in competitor in electrical equipment.
OK, thanks for the clarification. So more than half of Russian exports consist of other things than raw materials. This is pretty good!
sepheronx- Posts : 8839
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whir wrote:Let's be honest, those wanting to join either side only have to do a search in Yandex or just asking around in VK so this case probably has a background of illegal activities and extremism that dwarfs any recruiting attempt and has only been made public to feed the press.sepheronx wrote:The one thing Russia has is their FSB is clearly on Russias side compared to SBU which was clearly on western side. Hence why they didn't seem to have a problem finding this recruiter for right sector. Trying to recruit Russian police is even funnier.
The case could also simply be huge so they announced it, but I bet plenty more get arrested for similar activities. As well, VK, and the like is monitored so it would only be easier to catch these type of people (not all of course but still). And FSB are doing their jobs. SBU would be looking the other way over such activities.
sepheronx- Posts : 8839
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Karl Haushofer wrote:sepheronx wrote:Karl Haushofer wrote:What does this actually mean? Does "non-oil export" mean the same as "non-commodity export" (meaning other than oil, gas, timber, diamonds, coal etc.)?sepheronx wrote:Meanwhile, according to the recently published data, in 2014 the share of non-oil exports amounted to 51, 5%and exceeded, thus, the size of the share of commodity exports in Russia. Total for the year of the Russian Federation sold abroad goods and services worth about $ 500 billion.
Yes. So it accounts for also oil industry based end products like the pipelines and refineries/equipment, which makes sense since Russia obtained plenty of foreign countries contracts, like in Africa. It will also account for mining goods. Energy making ewuipment companies like powermachines was to overtake sales of military equipment in billions overall as Russia is top in competitor in electrical equipment.
OK, thanks for the clarification. So more than half of Russian exports consist of other things than raw materials. This is pretty good!
Well, one would have to still thank the oil and gas industry for various of these manufacturing as it is tied to oil and gas, which Russia also exports. Biggest one so far this year is Rosatom and all their nuclear NPP contracts.
I imagine in coming years, the fastest growing for exports will be agriculture in terms of food and equipment, and alternative power generating equipment like Hydro (already big this year for Russia) and solar/windmill technology, since Russia showcased some interesting windmill tech - Jet based designe wind turbines and horrizontal wind/water turbines. Such things are growing in demand.
sepheronx- Posts : 8839
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Saudi Arabia to invest record $10bn in Russia
I am weary about any form of investments from Saudi Arabia, but if it is simply in development of business like agriculture and pharma, I suppose it is OK.
PIF expressed interest in investing in agriculture, medicine, retail, logistics and real estate, according to Dmitriev.
The Russian and Saudi Arabian funds’ partnership does not exclude the possibility of investment in other countries.
I am weary about any form of investments from Saudi Arabia, but if it is simply in development of business like agriculture and pharma, I suppose it is OK.
Regular- Posts : 3894
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It means there will be less investement in Caucasus 
medo- Posts : 4343
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It seems Saudi Arabia knows something, that US will not last long as the main super power and that US empire days are numbered. Maybe they want to make sure, they will have future World power Russia and China on their side or at least to have good relations with. Around 2020 this transit of Global economical power will be finished. We will see, how quick will Saudi Arabia start selling its oil in Yuans. In contrary Iran will become a new ME hegemon and Saudi Arabia will loose the game against Iran. They are saving themselves for times after US domination.
medo- Posts : 4343
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sepheronx wrote:Russia non-primary: great economic turnaround
Perhaps 2014 and 2015 will go down in Russian history as the years of great economic turn-around. In the set of standard criticism of Russia consistently applied caustic comments about the "oil and gas appendage", a "gas station" etc. etc. Meanwhile, according to the recently published data, in 2014 the share of non-oil exports amounted to 51, 5%and exceeded, thus, the size of the share of commodity exports in Russia. Total for the year of the Russian Federation sold abroad goods and services worth about $ 500 billion.
According to the plans of the Ministry of economic development, by 2020 the amount of proceeds from the sale of non-oil goods and services will be from 467 to 513 billion, i.e. an increase of approximately 2 times. Oddly enough, on this important milestone of the country's development and future tectonic shifts, few wrote. It is unlikely the case in some conspiracy. Just, unfortunately, system changes often remain in the environment of journalists unnoticed.
Meanwhile, Russia is steadily increasing exports of goods and services. One of the most advanced and dynamically developing sectors in which our country has in the world quite a few competitors — nuclear power. According to the Vice-President of the Russian Union of engineers Ivan Andrievsky, the nuclear industry is loaded contracts for the coming decades. Map projects of "Rosatom" striking scale: Turkey, China, Hungary, Vietnam, Egypt, Iran, Finland and other countries. Among the ongoing projects: Turkish nuclear power plant "Akkuyu" (to be built by 2020), the first unit of the Belarusian NPP (Rosatom plans to launch in 2018), Finnish "Hanhikivi-1"is going to pass in 2024. The revenues of the Corporation for the year 2014 amounted to $ 618 billion.
Dunno if this has been posted yet:
The external debt of Russia in the first quarter fell 22%
So to the end of the year, Russia will pay off a third of its total external debt. This is really good. Next year, they will have to pay far smaller interests than this year as the debt will be smaller.
Anyway, Russia is increasing its real economy production and internal market also count. With increasing with agronomy in industrial production to replace imports in domestic markets counts a lot in this game, as more people get jobs and payments and less money go out from the state and more to domestic companies and workers. We could soon expect more exports of food and industrial products, when domestic market will be fully covered by domestic products. For now many products are not yet in export as they are in the process of imports replacing, but in few years the share of general goods and products in exports will increase dramatically with installing more production capabilities and their products will give good quality for a low price as Russia doesn't need to import anything. They have all sources at home. Paying off debts will also help, as Russian products will not be loaded with debts to pay.
sepheronx- Posts : 8839
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Russia’s international reserves grow by $4.8 bln in June — regulator
Manufacturers from 70 countries open Innoprom exposition in Yekaterinburg
Manufacturers from 70 countries open Innoprom exposition in Yekaterinburg
victor1985- Posts : 632
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Join date : 2015-01-02
Its best to produce your own things. West says that all should limit to produce few things. And in this case what west should keep produce? Weapons? Them whit weapons and the rest with no weapons? Why? Theire the only ones they need?
sepheronx- Posts : 8839
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victor1985 wrote:Its best to produce your own things. West says that all should limit to produce few things. And in this case what west should keep produce? Weapons? Them whit weapons and the rest with no weapons? Why? Theire the only ones they need?
It is always best to produce your own goods, and I agree. I also believe in protectionism for domestic enterprises. But it is also good to work with other countries (excluding USA) on development and JV work in business, to help promote trade.
PapaDragon- Posts : 13471
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E tu Brute? 
IMF Improves Russian Economic Outlook for 2015
The IMF has revised its prognosis for growth of the Russian economy in 2016 up by 1.3 percentage points, from April's report, to 0.2 percent, according to the World Economic Outlook report.
http://sputniknews.com/world/20150709/1024419664.html
IMF Improves Russian Economic Outlook for 2015
The IMF has revised its prognosis for growth of the Russian economy in 2016 up by 1.3 percentage points, from April's report, to 0.2 percent, according to the World Economic Outlook report.
http://sputniknews.com/world/20150709/1024419664.html
MOSCOW (Sputnik) — The International Monetary Fund (IMF) has improved its prediction for the decline of the Russian economy by 0.4 percentage points, bringing it to 3.4 percent for 2015, the World Economic Outlook report revealed Thursday.
The IMF has revised its prognosis for growth of the Russian economy in 2016 up by 1.3 percentage points, from April's report, to 0.2 percent.
Following this spring’s robust recovery from the economic crisis, originally provoked by low oil prices and Western sanctions, Russian economic policy-makers revised their forecasts.
In mid-June, the Russian Central Bank projected a 3.2-percent contraction of the Russian economy this year, followed by 0.7-percent growth in 2016, to eventually reach 1.7-2.4 percent the next two years.
Economic Development Minister Alexei Ulyukayev said he expected an end to the recession in the third quarter of 2015, with GDP growth in late 2015 and early 2016.
President Vladimir Putin, speaking at last month’s St. Petersburg International Economic Forum, summarized his government’s plan to steer the economy back to 3.5 percent growth while keeping inflation at 4 percent.
In January, the Russian government presented a cost-cutting anti-crisis plan to balance the country's budget by 2017.
On a global scale, the Washington-based IMF revised growth forecasts downward to 3.3 percent, with an anticipated lift to reach 3.8 percent in 2016. It cited a setback in US activity in the first quarter of 2015 as contributing to the revision against April’s projections.
sepheronx- Posts : 8839
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Even the numb nuts Kudrin is stating growth in Q4 and his last prediction was no growth at all. Guy flip flops every second.
Neutrality- Posts : 888
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sepheronx wrote:Even the numb nuts Kudrin is stating growth in Q4 and his last prediction was no growth at all. Guy flip flops every second.
Well ofcourse, considering how he has to stay within the line of mainstream institutes like the IMF and World Bank. Guy only speculates and never presents anything solid based on factual information. I already mentioned there are 3 people in Russia who are worth listening to because they are involved with the state of affairs. Let Kudrin speak as he wishes anyway, more people will start understanding why he was fired.
PapaDragon- Posts : 13471
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F*ck you Khodorkovsky
Russian accounts frozen in VTB France Bank over Yukos case unblocked — VTB24 CEO
http://tass.ru/en/economy/807503
Vann7- Posts : 5385
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PapaDragon wrote:
F*ck you Khodorkovsky
Russian accounts frozen in VTB France Bank over Yukos case unblocked — VTB24 CEO
http://tass.ru/en/economy/807503
I really think it was a bad idea to allow that Rat to leave his jail..
he had to be extended his jail sentence for another 10 years.. for treason.
in trying to sell their nation energy resources to a foreign power and for corruption too.
Karl Haushofer- Posts : 1228
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Vann7 wrote:PapaDragon wrote:
F*ck you Khodorkovsky
Russian accounts frozen in VTB France Bank over Yukos case unblocked — VTB24 CEO
http://tass.ru/en/economy/807503
I really think it was a bad idea to allow that Rat to leave his jail..
he had to be extended his jail sentence for another 10 years.. for treason.
in trying to sell their nation energy resources to a foreign power and for corruption too.
The release of Khodorkovsky was a gesture of good will towards the West. Khodorkovsky is, after all, their boy.
Vann7- Posts : 5385
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It seems that US crusade on Russia economy is firing back at US economy..
Reports already that US is on Recession. IF american pressure Europeans to
cut trade relations with Russia , it will slow down European economies and this at the same
time will slow down US economy that depends on Europe..
BUt i think Americans understand this and that they will be ready to sacrifice a recession
in hopes to bankrupt Russia. But if Russia does not bankrupt it could end very bad for them..
Already reports of US will need to increase again its debt ceiling and make another loan to
get the money to operate end of this year..
here this chart shows US economy is negative in first quarter of 2015..
Wondering all the idiots At RT who were claiming US economy was so strong...
If you look at those graph.. it looks like a real battle going on there.. and you have Ron Paul
and others predicting US economy collapse in near future.. we will see..
Reports already that US is on Recession. IF american pressure Europeans to
cut trade relations with Russia , it will slow down European economies and this at the same
time will slow down US economy that depends on Europe..
BUt i think Americans understand this and that they will be ready to sacrifice a recession
in hopes to bankrupt Russia. But if Russia does not bankrupt it could end very bad for them..
Already reports of US will need to increase again its debt ceiling and make another loan to
get the money to operate end of this year..
here this chart shows US economy is negative in first quarter of 2015..
Wondering all the idiots At RT who were claiming US economy was so strong...
If you look at those graph.. it looks like a real battle going on there.. and you have Ron Paul
and others predicting US economy collapse in near future.. we will see..
Karl Haushofer- Posts : 1228
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Join date : 2015-05-03
Finnish media is saying that Russia has promised to give free fuel to Greece to aid the country in crisis. The article did not mention about quantities though. Hopefully Russia is not wasting its money for nothing, again. Greece is – even in its current state – a wealthier country than Russia. I don’t think poorer countries should be aiding richer ones like this, unless Russia gets something back in return.
whir- Posts : 826
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Karl Haushofer wrote:Finnish media is saying that Russia has promised to give free fuel to Greece to aid the country in crisis. The article did not mention about quantities though. Hopefully Russia is not wasting its money for nothing, again. Greece is – even in its current state – a wealthier country than Russia. I don’t think poorer countries should be aiding richer ones like this, unless Russia gets something back in return.
Sputnik wrote:Russia Plans to Support Greece With Direct Energy Deliveries
EUROPE 14:40 12.07.2015(updated 15:40 12.07.2015)
Russian Energy Minister Alexander Novak said that an agreement may be worked out in the next few weeks.
MOSCOW (Sputnik) – Russia is looking into the possibility of delivering energy to Greece directly in order to renew the crisis-hit country’s economy, Russian Energy Minister Alexander Novak said Sunday.
“The Russian Federation plans to support the renewal of the Greek economy by expanding its cooperation in the energy sector. We are studying the possibility of organizing direct deliveries of energy to the Greek government to begin in the near future,” Novak told journalists in Moscow.
The minister said that an agreement may be worked out in the next few weeks. Continue reading.
victor1985- Posts : 632
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Join date : 2015-01-02
Main question in economy is how to make bussines man to proceed corectly. You can do monetary and fiscal policy but they will leave when the economy goes wrong. They dont like anything wrong in their pockets. Maibe a law in wich is a huge tax for everyone want to move money capital outside country. Maibe a economic software program that could replace bussines mens that have left and conduct companyes for the ones that wish to stay.
victor1985- Posts : 632
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Maibe with a clearly economic program in wich you have consecutive stimulation and not stimulation on economy in wich on economy stimulation part to atract people from outside. With a computer simulation on fiscal and monetary policys per years to come for sure you will know when to atract people and when to cut incomes
flamming_python- Posts : 9523
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Karl Haushofer wrote:Finnish media is saying that Russia has promised to give free fuel to Greece to aid the country in crisis. The article did not mention about quantities though. Hopefully Russia is not wasting its money for nothing, again. Greece is – even in its current state – a wealthier country than Russia. I don’t think poorer countries should be aiding richer ones like this, unless Russia gets something back in return.
Don't see how Greece is actually more wealthy than Russia; it's unemployment rate is humungous (while Russia's is very small) and its social support system has been getting ravaged by austerity for the last 5 years.
It may have higher GDP per capita but per capita, each Greek citizen owes more to EU banks than he could produce in economic worth over a period of several years.
Karl Haushofer- Posts : 1228
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I was referring to living standards which are still higher on average in Greece than in Russia, even if it due to Greek being able live on debt from western banks.flamming_python wrote:Karl Haushofer wrote:Finnish media is saying that Russia has promised to give free fuel to Greece to aid the country in crisis. The article did not mention about quantities though. Hopefully Russia is not wasting its money for nothing, again. Greece is – even in its current state – a wealthier country than Russia. I don’t think poorer countries should be aiding richer ones like this, unless Russia gets something back in return.
Don't see how Greece is actually more wealthy than Russia; it's unemployment rate is humungous (while Russia's is very small) and its social support system has been getting ravaged by austerity for the last 5 years.
It may have higher GDP per capita but per capita, each Greek citizen owes more to EU banks than he could produce in economic worth over a period of several years.
But anyway, hopefully this will be only a symbolic gesture from Russia and nothing more. Russia has its own citizens to take care of.