Russian Economy General News: #8

PapaDragon wrote:
Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

par far wrote:What to make of this article?

https://www.globalresearch.ca/how-british-ministers-spies-oligarchs-bankers-and-russian-diplomats-colluded-over-brexit/5618193

kvs wrote:

par far wrote:What to make of this article?

https://www.globalresearch.ca/how-british-ministers-spies-oligarchs-bankers-and-russian-diplomats-colluded-over-brexit/5618193

A stream of retarded drivel.    Giving Browder the role of impartial observer is grotesque.  He is a Sorosite stooge with
a 100% anti-Russian agenda.   Magnitsky was not killed.   He died from lack of proper medical attention.   That is
too bad, but something that occurs in US jails.   I don't see any anti-American international legislation resulting from
such deaths.   Also, Magnitsky was not a lawyer of any sort, he was a key accountant at Browder's corrupt company
called Heritage Capital in Russia.   Browder is a crook and was basically driven out of Russia for facilitating large scale
financial crime.  

BTW, the behaviour of Russian criminals does not imply that the Russian government and Russian people are criminals.  
I am seeing a systematic treatment of illicit dealings by westerners with Russian crooks as equivalent to dealing with
the Russian state.   For example the Kazakhstan uranium that Hillary supposedly "lost".  

kvs wrote:

PapaDragon wrote:
Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

After over a decade of 15% CPI (during the 2000s) a normal rate for Russia would be 6%.   There is no credit
to be given here.   The draconian rate policy of the CBR is causing excessive cooling of the economy and hence
inflation.   What will happen from this artificial condition is that there will be an inflation increase in the near
future.

The bulk of science funding in Russia in 2016 came from the state (68%, or 643.4 billion rubles.), With almost half (53.7%) directly from the federal budget. Such data are contained in the "Science. Technologies. Innovations: 2017 »of the Institute for Statistical Studies and Economics of Knowledge at the Higher School of Economics. It follows that business accounts for only 28.1% (265.3 billion rubles) of financing. At the same time, since 2000, it decreased by 4.8 percentage points, while the state's share increased by 13.4 points. Also, the contribution of foreign sources decreased from 12% to 2.7%. The highest share of public funds in such sections as "Life Sciences" - 84.2%, "Industry of Nanosystems" - 82.6%, "Energy Efficiency and Nuclear Energy" - 74.9%. Less than all the state finances "Rational nature management" - 55.3%.


Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7

Until 2024, a system of continuous traceability of goods turnover could be deployed in Russia - after the discussion of the drug labeling experiment in the government it was decided to start developing the system from January 2018, when five departments and Rostekh will submit the corresponding concept to the White House. Russia can become the first country in the world to fully control any commodity business operations along with retail sales and taxation. It is impossible to calculate the possible consequences of full transparency of the commodity market in the Russian Federation. One can only expect very rapid digitalization of trade and automation of reporting, the isolation of a part of the gray economy sector, transparency for taxation of the majority of businesses and individuals.

As it became known to Kommersant, following the results of the November 10 meeting, Prime Minister Dmitry Medvedev's five agencies (Minpromtorg, the Ministry of Finance, the Federal Tax Service, the Federal Customs Service, the Federal Security Service) were instructed to develop and submit to the White House "projects on January 25 concept on the creation in the Russian Federation of a system for marking goods with control (identification) signs. " The meeting was devoted to already existing projects in the field of goods identification (labeling some medicines, RFID tags on the market of the EAPS for the turnover of bellows and the future system of labeling of tobacco products), despite this, the largest number of participants was gathered - the first vice- Prime Minister Igor Shuvalov, Deputy Prime Minister Arkady Dvorkovich, the heads of the Ministry of Industry and Trade Denis Manturov, the Finance Ministry Anton Siluanov, the Federal Tax Service of Russia Mikhail Mishustin, the leadership of the government apparatus, the head of "Rosteha" Sergei Chemezov. The instructions for the meeting were not made public. As confirmed by "Kommersant" Igor Shuvalov, the meeting also discussed various aspects of the implementation of the "system of full transparency of the commodity market" in the Russian Federation.

Who plans to create cash register equipment and tags with cryptographic protection for marking goods
Who plans to create cash register equipment and tags with cryptographic protection for marking goods
According to the draft Dmitry Medvedev's instructions, which he familiarized with Kommersant, it is about the preparation of a legislative and conceptual framework for, apparently, the largest project of control over commodity markets that existed in the history of the country - a system of continuous marking of goods with identification signs until 2024 and "activities on the transition to the system of traceability of movement of all groups of goods on the territory of the Russian Federation ". This is an early stage of the discussion - it is stipulated only that the Ministry of Industry and Trade will coordinate the entire program and be the customer of the labeling system, the Ministry of Finance, the Federal Tax Service and the FCS - by the bodies that operate the system and regulate it, including the legal one. The system itself is proposed to be provided within the framework of public-private partnership, on this question the FAS was requested. The project will require the creation of a separate federal law on labeling of goods with control (identification) signs, which is entrusted to the Ministry of Finance of the Russian Federation. According to Kommersant's information, the materials were presented by the Center for the Development of Advanced Technologies (CGPT), a joint company of Elvis-Plus Group, Alexander Galitsky, a provider of billing systems Megafon by Peter Service and the Automation Group of the GK "Rostekh" (see "Online" on August 8 - we recall that the transition to the structure of Automation by the developer of the EGAIS FGUP NTTs Atlas is assumed).

The cost of the system throughout the country is now impossible to accurately assess - obviously, it will require the expansion of the existing data processing centers (DPC) of the Federal Tax Service of Russia and the construction of new specialized data centers, the completion of the integration of the relevant IT systems of the FCS, the Federal Tax Service and the Ministry of Finance.

The cost of the project for five to six years can be estimated in tens of billions of rubles, the project is guaranteed to pay for itself - from the macroeconomic point of view, identification marks are analogous to vanishingly small turnaround taxes from legal entities, which can only be avoided by the total removal of operations in the shade. According to the experience of marking medicines in 2017, technically the marking can be fully implemented with QR codes on the protected brand and KKT of the current generation. The strategy of introduction of identification has not yet been determined - it can be introduced into different groups of goods and at different times: and as mandatory (in this case legal operations with unmarked goods will be impossible), both voluntary and voluntary up to a certain date.

The advantages of the new system for the state are obvious - its integration with the "single cash voucher" of automated control systems of the Federal Tax Service, customs databases (and in the future and in certain parts and with the data of electronic payment systems) will allow the government of the Russian Federation to become, apparently, the world's first authority, which is able to analyze most of the commodity transactions in the country in real time - now close to the RF Federal Tax Service is available only from the tax structures of South Korea and partly Singapore. Potential opportunities and flexibility of the tax system that can work with such infrastructure, the potential of the "electronic state" on this basis is an order of magnitude higher than the analogues in the world. For business, the system of mandatory standardized state registration can become "forced progress" in automation, digitalization of reporting and logistics:

The same thing that is now impossible to calculate - the reaction of the informal economy (according to ACCA, in 2016 it is up to 39% of the GDP of the Russian Federation) to full transparency of commodity markets with a fairly strict strategy for introducing mandatory identification of goods. De facto, such measures put before market participants using shadow schemes only partially, the dilemma is the complete withdrawal of this part of the business into the shade with the use of only cash turnover (which greatly increases the criminal risks), a complete whitewash of all sales for several years or the closure of business in the case if it is not profitable outside the shadow. The price of the issue in this case is a few percent of GDP until 2024 and a few percentage points of employment in the shadow sector. The latter, however, in conditions of demographically determined problems in the labor market, will be more likely to benefit both the authorities and employers.

Dmitry Butrin, Denis Skorobogatko

GunshipDemocracy wrote:


Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7

Singular_Transform wrote:

GunshipDemocracy wrote:


Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7

The Chinese data makes the whole analysis questionable.


The best part of the Chinese economy is SOE .

GunshipDemocracy wrote:

kvs wrote:

PapaDragon wrote:
Central Bank's Hard Money Policies Have Finally Tamed Russia's Traditionally High Inflation

http://russia-insider.com/en/central-banks-hard-money-policies-have-finally-tamed-russias-traditionally-high-inflation/ri21571

After over a decade of 15% CPI (during the 2000s) a normal rate for Russia would be 6%.   There is no credit
to be given here.   The draconian rate policy of the CBR is causing excessive cooling of the economy and hence
inflation.   What will happen from this artificial condition is that there will be an inflation increase in the near
future.

I am not a fan of liberals but what would you do then? just curiosity? let a stream of money to be poured to offshore? lost because of bribery schemes? poor legal regulations? pouring money without ability of managing it is risk to lose biggest part.

Vostochny...billions stolen , people with huge arrears in payments and delay of 2 years. Dont you think before first cleaning this would be pretty risky...

Typical stuff from liberasts. HSE is either wrongly quoted or only sad bunch of morons are there. looks at statistics below.  Did anybody compared structure of economy? who is going to pay for research? "creative class" i.e. importers ? lawyers or fashion designers? As long as Russia doesn not grow own private business ecosystem who form business is going to finace science?

https://www.kommersant.ru/doc/3466696

Science is getting used to the state ruble
Monitoring of statistics

The bulk of science funding in Russia in 2016 came from the state (68%, or 643.4 billion rubles.), With almost half (53.7%) directly from the federal budget. Such data are contained in the "Science. Technologies. Innovations: 2017 »of the Institute for Statistical Studies and Economics of Knowledge at the Higher School of Economics. It follows that business accounts for only 28.1% (265.3 billion rubles) of financing. At the same time, since 2000, it decreased by 4.8 percentage points, while the state's share increased by 13.4 points. Also, the contribution of foreign sources decreased from 12% to 2.7%. The highest share of public funds in such sections as "Life Sciences" - 84.2%, "Industry of Nanosystems" - 82.6%, "Energy Efficiency and Nuclear Energy" - 74.9%. Less than all the state finances "Rational nature management" - 55.3%.


Thus, the tendency towards state ownership is fixed in the scientific sphere as well as in many sectors of the economy. In most countries, the situation is reversed - on the average for the OECD, the share of the business sector in spending on science exceeds 62%. In the US, business accounts for 64.2% of national spending on science, in Germany - 65.6%, in China - 74.7

kvs wrote:
Wow, what misinformation.   In the USA, the NSF funds science.   In fact, the NSF funds private companies doing research (e.g. Cambridge Research Associates).

Kimppis wrote:Those figures seem pretty questionable indeed... The state's increased share could also be partially explained by the fact that before 2000 the spending was very low as a whole.

Russophobes actually used a similar argument to ridicule the economy's lack of "diversification" by citing the increased share of oil & gas in Russia's export basket during Putin's presidency. Which is BS, because in the 90s Russia didn't export much of anything, oil production was low, etc., so no wonder the share grew. That was inevitable and totally OK. (And now even that share is going down fast, while the economy growth is at +2%... Russia is supposed to a gas station (while in reality oil & gas are now 10% of GDP...), so how the hell is that possible?

Actually Putin cracked down effectively on Vostochny corruption. There was an 18 month total project delay and various clowns are doing jail

PapaDragon wrote:

Actually Putin cracked down effectively on Vostochny corruption. There was an 18 month total project delay and various clowns are doing jail

I haven't heard about anyone going to prison over this unfortunately. Do you have any sources on this? Because if  it's true then it's amazing news.

MOSCOW, November 16. / TASS /. Russian President Vladimir Putin expects that ships under the Russian flag will be vested with the exclusive right to transport and store hydrocarbons in the water area of ​​the Northern Sea Route (NSR).
At a meeting on stimulating the construction of ships and marine equipment at SK Zvezda, he raised the issue of "providing ships that fly under the Russian flag with the exclusive right to transport and store hydrocarbons in the waters of the Northern Sea Route."
"This step will increase the volume of shipping, strengthen the position of domestic shipping companies, create additional opportunities for the renewal of their fleet." The bill is currently being considered by the State Duma and I expect that it will be adopted soon, "he said.
Putin noted that he was aware of other proposals to extend this provision to other maritime areas of the Russian Federation. "Let's analyze all these issues so that any of our steps are verified, we will do without any haste," the president added.

Austin wrote:https://twitter.com/MSuchkov_ALM/status/930832888009981953

Former #Russia Amb. to #US Kislyak now on Rus TV:

#America now exercising a three-fold approach towards Rus

(1) prostrate our economy thru sanctions
(2) mil containment near our borders
(3) massive anti-Rus propaganda

Arguments of shipowners
Member of the working group of the Business Council of the State Commission for Arctic Development Mikhail Grigoriev believes that some ship owners will oppose this initiative.
"Shipowners do not want to get under the Russian flag, it is necessary to understand that sea freight is a fairly closed business.Changing the flag may lead to a change in the business management system and the need to disclose the ownership structure." There is also the economic aspect. "Under the flag of Russia, shipowners will be forced to take on itself additional obligations, "Grigoriev said.

PapaDragon wrote:
As Crazy as It Sounds Russia Does Not Want a Higher Oil Price Right Now

http://russia-insider.com/en/crazy-it-sounds-russia-does-not-want-higher-oil-price-right-now/ri21625

..."Shipowners do not want to get under the Russian flag, it is necessary to understand that sea freight is a fairly closed business.

...Changing the flag may lead to a change in the business management system and the need to disclose the ownership structure." There is also the economic aspect. "Under the flag of Russia, shipowners will be forced to take on itself additional obligations,

PapaDragon wrote:
As Crazy as It Sounds Russia Does Not Want a Higher Oil Price Right Now

http://russia-insider.com/en/crazy-it-sounds-russia-does-not-want-higher-oil-price-right-now/ri21625

Austin wrote: If the Prices are high well take the excess money and convert to Gold  , Invest the money in Infra Project , What ever they do just let not CBR buy more T Bills

It was formerly held on the premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.

PapaDragon wrote:

...Changing the flag may lead to a change in the business management system and the need to disclose the ownership structure." There is also the economic aspect. "Under the flag of Russia, shipowners will be forced to take on itself additional obligations,

No kidding? That's the point of the whole thing you dipshit!