Russian Economy General News: #5

sepheronx wrote:Carnegie? really?

Well, lets see, where are their figures from?  Did you write those figures themselves?  I don't see anything regarding of where their data comes form.  And then it goes into contradiction of what has been said many times before, with evidence through other groups and I believe even official data.

http://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS

According to the world bank, in 2013, it accounted as 14% of Russia's GDP.  This has been posted on the Gas and oil dependency thread.  

So who are you going to believe?  An official group like world bank, which is backed up by the awara group: http://www.awaragroup.com/putin-2000-2014-midterm-interim-results/

or

https://en.wikipedia.org/wiki/Carnegie_Group

A group that clearly has an agenda?

kvs wrote:

sepheronx wrote:Carnegie? really?

Well, lets see, where are their figures from?  Did you write those figures themselves?  I don't see anything regarding of where their data comes form.  And then it goes into contradiction of what has been said many times before, with evidence through other groups and I believe even official data.

http://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS

According to the world bank, in 2013, it accounted as 14% of Russia's GDP.  This has been posted on the Gas and oil dependency thread.  

So who are you going to believe?  An official group like world bank, which is backed up by the awara group: http://www.awaragroup.com/putin-2000-2014-midterm-interim-results/

or

https://en.wikipedia.org/wiki/Carnegie_Group

A group that clearly has an agenda?

The Carnegie piece admits the 14% primary size of the oil and gas sector but then goes on to fluff this number up by
trying to trace every dollar/ruble downstream.   This is not a recognized GDP accounting procedure.   And if we are going
to be so concerned by Russia's "dependence" on oil and gas, then what about Canada and Australia?   They are resource
exporters too.  But I don't see any western "analyst" trying to attribute every part of their GDP to their resource export
sectors.

Also, Carnegie and the rest of the anti-Russian clown outfits are confused about basic economics.   As long as Russian
companies can extract oil and gas for sufficiently less than they can sell it, then they have no reason to quit.   They
will be providing jobs and GDP contribution.    The oil and gas sector does not crowd out other industries and in fact has
been a boost to their development over the last 15 years.   This is another reason that its existence makes Russia
haters pop veins.  

The only question that Russia has to be concerned about is whether the other sectors of its economy are developing.  They
are developing.   The 10% size of the IT sector affirms this fact.

sepheronx wrote:http://www.presstv.com/Detail/2015/09/26/430872/Iran-ready-to-export-oil-LNG-to-Poland

So Iran is nothing but a scoundrel of a country?  Cause after sanctions are lifted, they are interested in moving into Russia's territory.  And if the rumors are true they are not interested in Russian equipment/planes, then I have a feeling Russia got played by Iran to get sanctions lifted and jumped ship.

Karl Haushofer wrote:

sepheronx wrote:http://www.presstv.com/Detail/2015/09/26/430872/Iran-ready-to-export-oil-LNG-to-Poland

So Iran is nothing but a scoundrel of a country?  Cause after sanctions are lifted, they are interested in moving into Russia's territory.  And if the rumors are true they are not interested in Russian equipment/planes, then I have a feeling Russia got played by Iran to get sanctions lifted and jumped ship.

To be fair Russia has also double-crossed Iran by not going through with the S-300 sale even after Iran had paid for it.

Karl Haushofer wrote:

sepheronx wrote:http://www.presstv.com/Detail/2015/09/26/430872/Iran-ready-to-export-oil-LNG-to-Poland

So Iran is nothing but a scoundrel of a country?  Cause after sanctions are lifted, they are interested in moving into Russia's territory.  And if the rumors are true they are not interested in Russian equipment/planes, then I have a feeling Russia got played by Iran to get sanctions lifted and jumped ship.

To be fair Russia has also double-crossed Iran by not going through with the S-300 sale even after Iran had paid for it.

ExBeobachter1987 wrote:

Karl Haushofer wrote:

sepheronx wrote:http://www.presstv.com/Detail/2015/09/26/430872/Iran-ready-to-export-oil-LNG-to-Poland

So Iran is nothing but a scoundrel of a country?  Cause after sanctions are lifted, they are interested in moving into Russia's territory.  And if the rumors are true they are not interested in Russian equipment/planes, then I have a feeling Russia got played by Iran to get sanctions lifted and jumped ship.

To be fair Russia has also double-crossed Iran by not going through with the S-300 sale even after Iran had paid for it.

And now Russia cooperates with the GCC states.
If you consider Poland Russia's enemy, Iranians have a lot of reasons to consider the GCC states enemies of the Iran.

sepheronx wrote:And yet the west has done significantly more harm to Iran than that lack of S-300 sale that is being still kept as "it will happen".

ExBeobachter1987 wrote:Hardly.  Only one is Egypt and I never heard Egypt threaten Iran.

ExBeobachter1987 wrote:

sepheronx wrote:And yet the west has done significantly more harm to Iran than that lack of S-300 sale that is being still kept as "it will happen".

Not in recent times. The UN sanctions against Iran were also backed by Russia.

ExBeobachter1987 wrote:Hardly.  Only one is Egypt and I never heard Egypt threaten Iran.

You must have missed this or that Russia is a supplier of GCC militaries, the same ones that are trying to crush Iran-friendly forces in Yemen.

sepheronx wrote:Selling nuclear power plants for energy use isnt the same.

sepheronx wrote:Add to that, Germany, US, UK and alike have no problem selling weapons like Tanks, aircrafts and what not to Saudi Arabia. And these are the nations Iran is giddy over to work with.

ExBeobachter1987 wrote:

sepheronx wrote:Selling nuclear power plants for energy use isnt the same.

When Iran got nuclear power plants for energy, it ended up being hit by sanctions and Russia backed them.
It is a serious issue.

sepheronx wrote:Add to that, Germany, US, UK and alike have no problem selling weapons like Tanks, aircrafts and what not to Saudi Arabia. And these are the nations Iran is giddy over to work with.

They are not better, but they can offer the Iran more. That's the difference.

ExBeobachter1987 wrote:You must have missed this or that Russia is a supplier of GCC militaries, the same ones that are trying to crush Iran-friendly forces in Yemen.

sepheronx wrote:

ExBeobachter1987 wrote:

sepheronx wrote:And yet the west has done significantly more harm to Iran than that lack of S-300 sale that is being still kept as "it will happen".

Not in recent times. The UN sanctions against Iran were also backed by Russia.

ExBeobachter1987 wrote:Hardly.  Only one is Egypt and I never heard Egypt threaten Iran.

You must have missed this or that Russia is a supplier of GCC militaries, the same ones that are trying to crush Iran-friendly forces in Yemen.

Selling nuclear power plants for energy use isnt the same. Add to that, Germany, US, UK and alike have no problem selling weapons like Tanks, aircrafts and what not to Saudi Arabia. And these are the nations Iran is giddy over to work with.

sepheronx wrote:Anyway, you are right that both are looking for self interests. So screw Iran. Sell what you can to them and Irans enemies. I mean, Russia needs to look after self interests.

Lawmakers seek to impede foreign trips for bad debtors

Leftist MPs are urging the government to raise the minimum personal debt that can cause citizens to be banned from leaving the Russian Federation, claiming that last year’s inflation has made the current threshold "insubstantial."

“Over the past 18 months the Russian ruble has lost half of its value against foreign currencies and the official inflation has gone over 20 percent. It would be a far stretch if someone now calls 10,000 rubles a substantial sum of money. Now it makes just a few parking fines and the guilty citizen can be simply unaware of them,” the author of the bill, MP Andrey Krutov (Fair Russia) said in comments with popular daily Izvestia.

“It would be logical to raise the minimum threshold of debt from which court bailiffs can restrict the debtors’ trips to foreign nations,” he added.

Currently, Russian law allows bailiffs to temporarily close the border for citizens who have over 10,000 rubles (about $155) of unpaid fines or overdue debts, including utilities or child support payments. Krutov wants to raise this limit top 20,000 roubles (about $300). If the debtor persists in his or her habit of non-paying the dues, the court can make the exit ban permanent.

Russia admits lack of technologies for offshore oil production

The Russian government has announced that it is seeking to source equipment for offshore oil production from new countries due to the impact of sanctions by the European Union and the United States. However, as experts note, the development of Arctic fields is being hindered by low oil prices.

Russia’s Deputy Prime Minister Alexander Khloponin has admitted that Moscow was too slow to find alternative supplies of equipment for offshore oil production and needs cooperation with other countries that have experience in this area, the Interfax news agency has reported.
Due to the sanctions imposed to punish Moscow for its role in the Ukraine conflict, Russia's traditional partners – the U.S. and European companies – are prohibited from providing services to exploration and production on the Russian shelf at a depth of over 150 meters.
However, Khloponin said on Sept. 22, there are many countries with experience in offshore drilling that have not imposed sanctions on Russia. According to the forecast of the Ministry of Energy, by 2035, Russia will produce a total of 50 million tons of oil on the shelf, i.e. 9.5 percent of total production.
"The development of offshore fields has been stalled not only by sanctions, but also by a sharp drop in oil prices. With the current state of the energy market, expensive development in the Arctic is simply unprofitable," said Ilya Buturlin, managing director of trust management company Hedge.pro.

Main causes
The problem of carrying out the so-called “import substitution” of equipment for offshore drilling emerged in 2014, when the U.S. and the EU banned imports of technology for use in Russian Arctic projects.
By that time, Russia's largest oil company Rosneft and the American ExxonMobil had discovered the Pobeda oil field in the Kara Sea and drilled a well, but after the introduction of sanctions foreign partners had to suspend their participation in the project.
"Offshore drilling equipment has been never produced or even designed in Russia," says Freedom Finance Investment Company's head of operations in the Russian stock market Georgy Vashchenko.
"For its production and use to be economically viable compared to imports, it must be produced in large quantities, including for deliveries abroad."
According to Vashchenko, only three customers can provide the demand for the equipment in Russia at the moment – Rosneft, the gas monopoly Gazprom and the private company Lukoil, which produces oil on the shelf of the Caspian Sea.

http://rbth.com/business/2015/09/28/russia_admits_lack_of_technologies_for_offshore_oil_production_49605.html

Rumor still stands though on the $21B contract but we are not sure if ssj-100 involved or not.