Russian Economy General News: #7

Militarov wrote:

PapaDragon wrote:

tomazy wrote:

PapaDragon wrote:[b]
...................

If I am not mistaken it is not that simple. I think that USSR owed money to Yugoslavia, but when Yugoslavia fell apart, that dept was distributed to verious ex Yugo republics.

It is that simple. Something like USSR should not owe anything to something like Yugoslavia. Plain and simple.

Yugoslavia exported quite a few products to USSR. Tooling machines, tools, some token amounts of electronics, brandy, even ships and very often it was exchange, goods for goods or conversion to "Klirinški dolar", which for i got no clue what is the term in english lol.

So at the end it ended up that USSR owed Yugoslavia.

Like I said, speaks volumes about USSR.

Pathetic.

In India's Largest FDI, Russian Group Completes $12.9 Billion Buyout Of Essar Oil

http://profit.ndtv.com/news/corporates/article-in-india-s-largest-fdi-russian-group-completes-12-9-billion-buyout-of-essar-oil-1739970

The company director, Prashant Ruia, said the firm will pay back as much as Rs. 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.

Mumbai: The Ruias-run Essar Oil today announced the completion of sale of its India assets to the Russian government controlled Rosneft-led consortium for $12.9 billion.

The deal comes more than 10 months after it was announced on October 15 last year on the sidelines of the BRICS summit in Goa.

The transaction got delayed after the lenders wanted their debt worth over Rs. 45,000 crore to be cleared.


The Essar Oil-Rosneft deal is the largest foreign direct investment (FDI) into the country till date and also the largest outbound investment from Russia.

The deal includes the Russian company-led consortium, including Oil Bidco and a fund led by Trafigura-UCP.

The deals includes sale of its 20 million tonne refinery at Vadinar in Gujarat and a captive power plant and captive port as well as over 3,500 petrol pumps.

The company director, Prashant Ruia, said the firm will pay back as much as Rs. 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.

This will bring down the group's debt by over 60 per cent.

Very good and Interesting article with very good analysis too
about Russia and the banking world.. that became largely ignored by major media..

Two Russian banks disconnected from the international banking payment system.
SWIFT.. In Crimea..  

http://www.fort-russ.com/2017/08/us-using-banking-weapon-against-crimea.html


Update..

Posted opinions in another thread..

Ruble and dollar

https://topwar.ru/123387-rubl-i-dollar.html

It seems that the collapse of the ruble in Russia at the end of 2014 was the result of an operation in which not only currency speculators took part, but also geopolitical opponents of Russia.

As a result, the blow to the Russian economy exceeded the cumulative effects of all economic sanctions that were imposed against the Russian Federation by that time (this is described in my book: Katasonov V.Yu., The Battle for the Ruble, The National Currency and the Sovereignty of Russia. "The Book World", 2016).

Austin wrote:Ruble and dollar

https://topwar.ru/123387-rubl-i-dollar.html

It seems that the collapse of the ruble in Russia at the end of 2014 was the result of an operation in which not only currency speculators took part, but also geopolitical opponents of Russia.

As a result, the blow to the Russian economy exceeded the cumulative effects of all economic sanctions that were imposed against the Russian Federation by that time (this is described in my book: Katasonov V.Yu., The Battle for the Ruble, The National Currency and the Sovereignty of Russia. "The Book World", 2016).

Too bad for all of these masterminds that they were clueless as to Russia's actual economic development level.   They assumed that it
was some single-commodity banana republic (hence all the drivel about gas station posing as a country).    But Russia is basically one of the least
import dependent countries on the planet.    So the devaluation did not crash the economy since imports are not vital like for a real banana
republic.    Thus, the ruble devaluation

1) created conditions for import substitution aside from any counter sanctions

2) made Russian exports more competitive

3) offset the oil price crash; the NATO brainiacs snookered themselves on an epic scale in this aspect.

The late 2014 ruble devaluation has had a stimulative effect on Russia's economy and resulted in much needed structural reform
to reduce the distortions introduced during the 1990s under Yeltsin.

And not so good news:

Russia's GDP growth slows down to 1.5% in July

More:
http://tass.com/economy/962277

The slowdown should not be interpreted as a change in the positive trend, according to the Ministry of Economic Development

MOSCOW, August 28. /TASS/. Russia's GDP growth in July slowed down to 1.5% in annual terms, according to the Economic Development Ministry.

"Weaker dynamics of agriculture, industry, trade, which was partially offset by growth in construction, contributed to slowdown of economic growth results in comparison with April-June," the report said.

At the same time, the manufacturing industry was the most pronounced deterioration of the annual dynamics, the ministry said.

Slowdown should not be considered as change in positive trend

According to the Ministry of Economic Development, slowdown of economic activity in Russia in July compared to the Q2 should not be interpreted as a change in the positive trend.

"Weaker dynamics of agriculture, industry, trade, which was partially offset by growth in construction, contributed to slowdown of economic growth results in comparison with April-June," the report said.

"The July data is hardly worth interpreting as a change in the positive trend," the ministry said.

Despite decline of the figure’s dynamics in July, the ministry forecasts a possible acceleration of industrial production growth in August. According to the ministry, indicators of industrial activity in industry show a possible acceleration of industrial growth in August. The ministry expects production activity to normalize in the coming months.

I wonder whether this happens basically every year? That the growth is particularly slow in July. Or maybe the growth was quite strong last year in July, so now compared to it, the growth isn't great. Well, atleast they get the inflation down with those interest rates... I'm not an expert, but it seems odd in any case... What has changed from Q2?

Kimppis wrote:And not so good news:

Russia's GDP growth slows down to 1.5% in July

More:
http://tass.com/economy/962277

The slowdown should not be interpreted as a change in the positive trend, according to the Ministry of Economic Development

MOSCOW, August 28. /TASS/. Russia's GDP growth in July slowed down to 1.5% in annual terms, according to the Economic Development Ministry.

"Weaker dynamics of agriculture, industry, trade, which was partially offset by growth in construction, contributed to slowdown of economic growth results in comparison with April-June," the report said.

At the same time, the manufacturing industry was the most pronounced deterioration of the annual dynamics, the ministry said.

Slowdown should not be considered as change in positive trend

According to the Ministry of Economic Development, slowdown of economic activity in Russia in July compared to the Q2 should not be interpreted as a change in the positive trend.

"Weaker dynamics of agriculture, industry, trade, which was partially offset by growth in construction, contributed to slowdown of economic growth results in comparison with April-June," the report said.

"The July data is hardly worth interpreting as a change in the positive trend," the ministry said.

Despite decline of the figure’s dynamics in July, the ministry forecasts a possible acceleration of industrial production growth in August. According to the ministry, indicators of industrial activity in industry show a possible acceleration of industrial growth in August. The ministry expects production activity to normalize in the coming months.

I wonder whether this happens basically every year? That the growth is particularly slow in July. Or maybe the growth was quite strong last year in July, so now compared to it, the growth isn't great. Well, atleast they get the inflation down with those interest rates... I'm not an expert, but it seems odd in any case... What has changed from Q2?

I have seen a pattern of idiotic news reporting on the Russian GDP for years. Month to month variations are fixated on with zero
context about the fact that there is an annual cycle in the GDP. GDP growth in Russia shows an annual saw-tooth pattern with the
smallest growth in the 1st quarter and the largest growth in the 4th quarter. Month to month variation is not negligible

http://www.gks.ru/free_doc/new_site/vvp/kv/tab6.htm

The bottom line is that Russian GDP growth is back in positive territory. It is also important to note that capital investment has increased as well (not foreign speculative capital flow).

http://tass.ru/ekonomika/4508438

Capital investment growth in the 2nd quarter has reached a 5 year high at 6.3% (i.e. since before the sanctions, etc.) So
the foundation for robust GDP growth are being laid.

Lets put this into perspective.

Ukraine's GDP is growing. At 2% as well. Now how do you propose that is happening? Moodies is wetting itself saying Ukraine's economic outlook is positive.  Once again, how?

Some of you put too much emphasis on these growth patterns. KVS is right in the sense about how it is growing and where it matters.  Lets compare.

Russian growth ~2%:
- real income investments
- growing industrial output
- agriculture increased output and increased investment
- import substitution
- increased savings
- banking growth in income/profit
- diversification of its overall economy
- Reducing imports overall, especially food.

Backdrop:
- sanctions up the Ying Yang
- cannot obtain cheap foreign loans and domestic loans interest rates are high
- falling debt
- overall global economic clout with growing disagreements and more countries wanting to block Russian pipelines and or resources.
- Russia spending on having to fight terrorism abroad (pros and cons to this, but mostly pros)
- surrounded by enemies so they have to spend significant more on military training and procurement.)
- Ruble lost half its value.
- in the years of sanctions and currency issues, GDP dropped by ~3.5%
- replenishment of Russia's Forex.

---

Lets look at Ukraine ~2%:
- tax hikes
- land reforms where they sell what little they have for foreign investments (Monsanto now farming in Ukrai e)
- debt growth that makes US blush
- utility prices growth by 60%
- spending like a drunken sailor.

Backdrop:
- Hyrvina drops by 50%
- civil war in its industrial center and lost an entire region
- placed sanctions on the nation who invested the most and traded the most.
- In the years of this conflict, lost roughly ~12% of its GDP
- Over half its population lives in poverty
- After the utility price hikes of 60%, average Ukrainian cannot pay even for food.
- Spending is rife in the defense sector while garbage collection goes undone in major cities
- removing some industrial brands and consolidating others
- debt spiked to about 75% or greater than before
- Forex almost non existent and Gold being none existent altogether.
- no real investments in Ukraine. All entirely agriculture and that is with GMO.

---

Conclusion

So one has to wonder how things are being calculated. US thrives off of overly expensive crap (John Deer, Tesla, GM, Ford, etc) and forever increasing debt to survive while China relies upon cheap products in mass production and fake investments like ghost cities and other infrastructure projects.  Ukraine could be entirely botching the numbers to make it look like they are growing, or by the calculations everyone is using, they are growing. But, at the expense of their own people, with growth of impoverishment and forcefully pushing them out and leaving it for a bunch of Neo Nazi's with all assets owned by Golden Sachs.  To me, as an outsider, Russia's growth, with maybe less on the banking side, looks to be real growth. Growth for long term gains. Growth that is sustainable lot longer after Putin is gone.  Some wonder Retards like Kudrin, even when he was in power, didn't have high growth. In reality, his methods were "do nothing and sit on the money" and that put Russia in a more tough place back in 2008 at previous crash because they weren't diversified or capable as they are now. Biggest, best thing Medvedev did was push Kudrin out. Because he really isn't a good economist. He is popular with the msm just like all liberals, but that really doesn't make him actually good.  Funny too, how they praise Kudrin but during the toughest economic years, his policies were what made Russia lose roughly ~9% of its GDP, and years without him, they gained GDP and during tough parts (way tougher than 2008/9 crisis), they only lose ~3.4% in 2 years (~9% was 1 year). With now return to growth.  Kudrin thinks the policy of Ukraine is the way to go - sell everything to the west. Give in to the western demands, etc etc etc. Only reason he hasn't been lynched yet is because he still condemns the west on the media for their anti Russian hysteria, or his popularity would be as low as Navalny's.

GDP growth is estimated (as opposed to actually calculated in detail) by the use of the so-called GDP deflator. It is basically
a blend of the CPI and PPI (non-consumer sector inflation). This is where we get wonderful voodoo numbers. Based on some
BS assumption about the real inflation in the economy, the GDP can be made to grow or shrink. The other tunable parameter
is the estimate of the nominal GDP value itself. It appears to me that there was a Stalinist type purge at the Ukrainian
statistics agency (of course we hear absolutely nothing about it). The old guard reported realistic numbers from 2014.
But now we have just plain and simple make belief.

Based on the 2014 trend and the fact that a lot of economic damage arrived in 2015 and 2016 as Ukraine sliced off its
economic links to Russia, I think that a GDP contraction of about 40% from late 2013 is quite plausible. But I hear happy
chirpy BS about GDP growth. The only way to hide this real economy loss is to massively import debt since GDP treats
borrowing abroad as a plus and paying down foreign debt as a minus (yes really). I just don't think Banderastan could
have imported enough debt to hide a 40% GDP drop. This is confirmed by the fact that the standard of living for the average
citizen is falling. Poroshenko's corrupt business dealings cannot counterbalance this standard of living drop. So any
official statistics that paint Ukraine as stable and slightly improving are total BS.

Banderastan is deindustrializing while the EU does not want its agricultural production exports. So I see no evidence of
any sector of Ukraine's economy growing to offset the collapse in other sectors. Again, having more whores on the street
just ain't enough to replace the lost economic activity and standard of living.

Not with the "fake growth" BS again...

About Russia: the economy was obviously growing very fast during the last decade, whether we give any credit to Kudrin or not, I don't really care.

But the thing is, I'm not sure that 2014-15 was worse than 2008. In any case, Russia's GDP also recovered quickly.

Also, Russia's economy in 2014 was much stronger, more stable, more diversified than in 2008. Most in the West didn't actually realize that.

When it comes to Ukraine, some economic growth is certainly believable. It's not hard to believe that things are better than they were back in 2014, the war is not actively being ongoing and things have more or less stabilized.

So no wonder there is some growth after that mess. But considering that 1. Ukraine was already very poor by Eastern European standards, much poorer than Russia before 2014, and 2. that the GDP declined by something like over 10% in 2014, 2% is nothing to write home about. Although I think that Ukraine's economy already grew last year. It's going to take them some time before they even reach the shitty level of 2014.

The point is that I don't see any issues with the GDP statistics. You don't seem to understand the simple fact that poorer economics should grow faster than the rich ones in order to catch up.

So 2% for Ukraine is much less than it's for Russia. But while 2% is enough for a fully developed economy, it's not quite enough for Russia either, in the long term. All things considered, it's a good start though.

Again, Russia needs to grow by 3.5-4% a year. Ukraine? Atleast by 5-6%. Very basic stuff, economics 101, everyone agrees, including the Russian authorities, that is why they are targeting a growth rate above the global average (around 3%). But whatever...

And kvs, Ukraine's GDP couldn't decline much further. So no wonder it didn't. It's not surprising that there is some growth currently, or rather recovery to the level 2014 (and they're still not there, nowhere close actually), but again: that's not an achievement. We can all agree that it's a shithole. Doesn't change a thing.

Kimmpis, please stop being stupid. Look at calculations of GDP and come back to us. Only you are capable of thinking that we are all stupid about the fake growth but you are the only one not doing the math. Guess math isn't part of the curriculum in Finland.

Go look it up. Tell us where debt growth is shown a minus.

Thank you.

Since I doubt your capabilities Kimmpis in even trying, I will do it for you to really make you look ridiculous.

https://www.boundless.com/economics/textbooks/boundless-economics-textbook/measuring-output-and-income-19/comparing-real-and-nominal-gdp-94/calculating-real-gdp-357-12454/



I posted the picture to prevent you from lying to try to defend your incomprehensible claim.

As you have noticed, take a look at the part where it says:

"GDP = private consumption + gross investment + government investment + government spending + (exports - imports)."

Now look at "Government and Gross Investments"

Look at Ukraines "FDI"

https://tradingeconomics.com/ukraine/foreign-direct-investment


Now look at Ukraines Debt:
https://tradingeconomics.com/ukraine/government-debt-to-gdp



Now don't you find it obvious as to how it is obtaining its "growth"?

Let me spice it up a bit.

Ukraines Balance of Trade:
https://tradingeconomics.com/ukraine/balance-of-trade


Let this all sink in for a bit.  Now tell me, about its "Growth" because you seem to think we are lying.

I just don't see any reason to believe that the GDP figures are lying. That's all.

Growth in debt has nothing to do with GDP. It's not automatically a bad thing either. I might be wrong, but I think Russia's debt is also modestly growing. I know that your views are on debt are extreme. Even kvs seems to disagree with you. And so do I. (That said, I'm not saying that Ukraine's debt situation is good, or improving, but it simply doesn't have much to do with some modest short-term growth in GDP.)

Again, for a very poor country like Ukraine, especially after a huge decline, a growth of 2% isn't good. It's stagnation at best. Happy? Once again: I'm not saying that Ukraine is doing well. It's not.

However, Ukraine's GDP can only decline so much. After all, it's still an ex-Soviet republic, European, Caucasian, with a high level of human capital, basic education.

Also, GDP growth doesn't automatically mean improvement, if the growth rate is low enough. As an example, the USSR, which was actually relatively developed, unlike today's Ukraine, grew on average by around 1-1.5% year during the 70s and 80s, for a few decades. The situation wasn't catastrophic, but because that growth rate was actually lower than in most Western countries, countries that were more developed than the USSR, it simply meant that the country was stagnating, its living standard were not converging anymore.

Sorry, but the real standard of living in Ukraine for the vast majority has gotten noticeably worse compared to 2013 and is getting worse
from year to year. Modern economies rely on consumer spending for their GDP. If Ukraine is able to do without this, then by definition
it is a 3rd world, banana economy. But what commodity is Ukraine exporting that would drive its, GDP? This is a serious question so
don't fob it off. Clearly Ukraine has no commodities to balance the decline in domestic consumer spending and the lost of high paying
jobs at Atonov, Zorya-Stroimash, Yuzhmash, etc.

The Ukrainian oligarchy is milking a catabolic process to live off. The graphs posted above show a debt + foreign investment bubble.
So there is an element of fiscally generated GDP without any real GDP (i.e. production and jobs). But

1) The debt jump in 2014 is from the devaluation of the hryvna. It is not all massive borrowing. You will recall the reluctance of
NATO to put its money where its mouth is. Ukraine has not gotten anywhere the monetary infusion that it needs, i.e. about $30 billion
per year.

2) if enough debt was generated to produce 2% GDP growth then there would have been trickle down to the population and there
would have been a stall in the standard of living slide. Instead we see people selling of their domestic items on the streets like we saw
in the 1990s.

BTW, to see Google's new totalitarian filters in action do a search on the dropping standard of living in Ukraine. I was getting reams
of links yapping about the collapse of the standard of living in Russia. L O f*cking L. And of course lots of MH17 drivel. Yeah,
Ukraine is just doing dandy compared to Russia even though the 50% of its GDP that depended on trade with Russia has been
killed off by the Kiev regime. Whatever.

Kimppis wrote:I just don't see any reason to believe that the GDP figures are lying. That's all.

Growth in debt has nothing to do with GDP. It's not automatically a bad thing either. I might be wrong, but I think Russia's debt is also modestly growing. I know that your views are on debt are extreme. Even kvs seems to disagree with you. And so do I. (That said, I'm not saying that Ukraine's debt situation is good, or improving, but it simply doesn't have much to do with some modest short-term growth in GDP.)

Again, for a very poor country like Ukraine, especially after a huge decline, a growth of 2% isn't good. It's stagnation at best. Happy? Once again: I'm not saying that Ukraine is doing well. It's not.

However, Ukraine's GDP can only decline so much. After all, it's still an ex-Soviet republic, European, Caucasian, with a high level of human capital, basic education.  

Also, GDP growth doesn't automatically mean improvement, if the growth rate is low enough. As an example, the USSR, which was actually relatively developed, unlike today's Ukraine, grew on average by around 1-1.5% year during the 70s and 80s, for a few decades. The situation wasn't catastrophic, but because that growth rate was actually lower than in most Western countries, countries that were more developed than the USSR, it simply meant that the country was stagnating, its living standard were not converging anymore.

Oh yeah, and how do you make it that Russia grows by your estimated amount? Guess what, they can all say "yes, this is what we need" but so far, no one has actually had a successful chat as to HOW they plan to get that growth. Well, I KNOW how they can get that growth.

1) Increase debt considerably
2) Raise Taxes considerably
3) Raise Utility prices considerably

Oh yeah, this will definately make Russia's GDP grow and everything will look handy dandy. But guess what? This will definitely make things harder for average Russian. Which means the GDP growth is useless.

http://www.zerohedge.com/news/2017-08-29/fed-study-confirms-phillips-curve-useless-admitting-bloody-obvious

So the Phillips curve used often as guide to set interest rates is BS. Who knew?

I wonder if Nabiullina and the monetarist sycophants at the CBR got the memo.

n the first six months of 2017,
the Aeroflot Group grew by
16.6% and carried nearly 23
million passengers. Aeroflot
Russian Airlines itself, the biggest
airline within the group, posted
equally impressive 13.5% growth and
carried over 15 million customers.
Such a growth rate puts Aeroflot
among the fastest-growing big airlines in
Europe, on a par with Ryanair and Lufthansa
Group. However, while Ryanair’s growth has
long been fuelled by new aircraft deliveries
and Lufthansa’s is an outcome of taking
over Brussels Airlines, the Russian carrier’s
growth in the region is surprising to many.
Russian GDP shrunk by 3.7% in 2015
and by a further 0.2% in 2016. While the
forecasts for 2017 are above zero, the
growth rate is not expected to exceed
2%. With such a weak economy, it would
be reasonable to expect tough times for
the airline, too; it is universally accepted
air traffic growth and GDP are closely
correlated.

from Air International magazine.

It is clear that Russian GDP growth numbers are not reflecting the facts on the ground. My view is that a huge part of Russia's
GDP is not monetized like in the OECD. So Russia's real GDP number in PPP is not around $3 trillion but closer to $5 trillion.
A non-monetized GDP is invisible in estimates of GDP size and growth. Nobody measures the physical GDP or the "shadow"
GDP (not criminal or black market, but pseudo-barter and not taxed).

Also, all western consumer information sources are biased drivel. Anyone yapping about Russia's economy being weak is
a retard. I have never seen Canada's rinky dink resource extraction (oil, gas, minerals, forest products) economy being called
weak.

Right now China is also angry with Russia. It is because of Kremlin policies in last decade or so. Russia wants evrything for itself deliberately continues its sanctions war to attract world media attention.

This is leading into friction in BRICS and falling apart of the Giant Russ , China axis. These think tanks (all these weapons import export)of RUssia thinks that they can over whelm China . They are mistaken in their analysis.

It will send a good signal to this Oligarchy in kremlin .. Independent and self reliant China will definitely be an answer to this Russian regime

Don't make stuff up.  China's relations with Russia is at an all time high.  Plus China's been pumping investment into Russia.

Nothing your claims are, related to reality.

http://tass.com/economy/945798
http://valdaiclub.com/a/highlights/chinese-investments-in-russia/
https://www.ft.com/content/323f8254-60d2-11e7-8814-0ac7eb84e5f1
https://www.cnbc.com/2017/07/04/china-russia-ties-reaffirmed-after-xi-jinping-and-vladimir-putin-meet.html
http://www.breitbart.com/national-security/2017/07/03/xi-jinping-china-russia-relations-best-in-history-while-u-s-ties-stunted-by-negative-factors/
http://news.xinhuanet.com/english/2017-07/03/c_136413904.htm

Gaurav, you have been full of shit for so long, making up nothing but crap.  Sorry, but your Indian news is garbage. Instead of spreading false narratives, please provide any kind of proof. I Will gladly read it and break it apart.

Further on for Guarav the fake news spreader:

http://tass.com/politics/937047
http://tass.com/economy/962302
http://tass.com/economy/959500

Growing hatred between China and Russia as per Gaurav has made Rostec grow in cooperation with China

http://rostec.ru/news/4520994

gaurav wrote:Right now China is also angry with Russia. It is because of Kremlin policies in last decade or so. Russia wants evrything for itself deliberately continues its sanctions war to attract world media attention.

This is leading into friction in BRICS and falling apart of the Giant Russ , China axis. These think tanks (all these weapons import export)of RUssia thinks that they can over whelm China . They are mistaken in their analysis.

It will send a good signal to this Oligarchy in kremlin .. Independent and self reliant China will definitely be an answer to this Russian regime

lolwut

What are basing this on?

gaurav wrote:Right now China is also angry with Russia. It is because of Kremlin policies in last decade or so. Russia wants evrything for itself deliberately continues its sanctions war to attract world media attention.

This is leading into friction in BRICS and falling apart of the Giant Russ , China axis. These think tanks (all these weapons import export)of RUssia thinks that they can over whelm China . They are mistaken in their analysis.

It will send a good signal to this Oligarchy in kremlin .. Independent and self reliant China will definitely be an answer to this Russian regime

Damn, this is some TheMess Ukraine tread level of bullshittery   

First of all there is no Gian Russ China Axis, there are just two countries out look after their own interests

Second China is one of principal customers for Russian weapons, including some pretty hot and limited items

Third there is no oligarchy in Kremlin since they got booted out back in 2000s but what there is in Kremlin is deep state security apparatus that deposed the oligarchy

Independent and self reliant China is not possible without Russia unless US Navy decides to disband and donate all it's vessels to China 

Welcome to 21st century

I was only saying they need to better coordinate their policies as per BRICS framework ..

U.S deep state is looking for various ways to counter Russia China partnership ..
World economic situation is not in good shape.. downturn effects both Russ China ..
I hope russ China will better coordinate investment policies .. because China is withholding thousand of
investment projects in Russia .. China needs to invest more in Russia and in this way Russia china can
come closer together and better fight against economic downturn ..

gaurav wrote:
U.S deep state is looking for various ways to counter Russia China partnership ..

Of course they are trying. Good news is: they are extremely stupid. They inherited a very powerful, world leader country, and all they can do with it is to sink it and raise its enemies. All they are managing to do when trying to isolate Russia, destroy its economy, and separate it with China, is the opposite they want.