Russian Economy General News: #9

They may not ban flights of aeroflot just because of this. But if they do, then Russia has quite the chance to stick it to them. As well, double whammy were they can force aeroflot to stop purchase of Boeing jets and offer to buy Airbus jets instead to keep up dealings with EU.

And yes, I agree with Godric. Reason Russia didn't do this already is because they are doing things as a reaction. They aren't very proactive.

Like one chinese diplomat said at the last SCO meeting: "Best thing we can do is do nothing and watch how they destroy themself."

With every sanction and tariff the end of the Dollar system comes closer and closer. More and more countries are willing to trade in other currencies and to bypass Amiland alltogether. The samp monsters in Washington and Brussels still think that they are the center of the universe, but this time is gone.

These policies hurt America irrevocably. Nobody wants to do business with an irrational and biter partner. There is so much the ferocity of Washington 's panic that makes you wonder how desperate is their situation.Agree with Hole just give grants to anyone who speaks ill about Russia,invite them to give speeches etc. 

My complain is not about US sanctioning Russia but about how little Putin did in past 4 years to reduce/eliminate dollar dependencies.

Recently at BRICS summit he complained of weponisation of USD but what did he did in 4 years .

He should have atelest done the follwoing .

1 ) Eliminate full capital account convertibilty of Ruble to USD
2 ) Force CBR to reduce interest rate to 4 %
3 ) completely ban buying Narrow and Wide body from Boeing and Airbus except when critically imp but rather promote Tu-204SM and IL-96 with good subsidy
4 ) Cut a deal with Chinese and sell Energy in Yuan in return for greater access to Chinese Energy Market
5 ) Ban all US/Europe SW and Hardware from State Industry and institution and just promote Russian made Hardware and SW , Imagine the growth of Russian SW and Hardware market. Buy US/Europe SW and HW only if its criticically imp for some industry

HE should have done this in past 4 years but all he did is ban agriculture product and some import substitution

^^ Putin must have expected that US and Nato hostility to be temporary and things might turn around in the future, apparently he is mistaken.

Some import substitution? Try a lot of it. In all sectors of the economy.

Anyway, this is pointless cause for most of us, Putin did the right thing. Maybe not as aggressive like we expected, but at least they do what they need to do.

Russian government doesn't want to step in and take control of the companies they have, because it hurts business. It is up to Aeroflot and rest to do what they should be doing. They aren't. So it may be in Russias best interest to start charging these companies as well and only give incentives if they invest back into the countries economy.

Anyway, Russian government said today they will not act until they have concrete info as to what exactly the sanctions will end up being. They know what is said openly, but they don't have full picture. So they will wait till full picture is there then they will act.

Austin wrote:My complain is not about US sanctioning Russia but about how little Putin did in past 4 years to reduce/eliminate dollar dependencies.

Recently at BRICS summit he complained of weponisation of USD but what did he did in 4 years .

He should have atelest done the follwoing .

1 )  Eliminate full capital account convertibilty  of Ruble to USD
2 ) Force CBR to  reduce interest rate to 4 %
3 ) completely ban buying Narrow and Wide body from Boeing and Airbus except when critically imp but rather promote Tu-204SM and IL-96 with good subsidy
4 )  Cut a deal with Chinese and sell Energy in Yuan in return for greater access to Chinese Energy Market
5 )  Ban all US/Europe SW and Hardware from State Industry and institution and just promote Russian made Hardware and SW  , Imagine the growth of Russian SW and Hardware market.  Buy US/Europe SW and HW only if its criticically imp for some industry

HE should have done this in past 4 years but all he did is ban agriculture product and some import substitution

The Russian economy changed alot in the last 4 years, this year they will have a budget surplus with the oil at 65 -70 average That is an great achievement.
The déficit without taking to acount oil and gas revenues is also declining...and is forecasted to keep declining.
A country with so many biting sanctions is doing fine.
The fiscal break-even is at ~53$ oil Price and Will continue to drop That is a game Change!

I really think things needs to get very bad for Russia ,before the world biggest Fool , President Putin, realize
US have declared war .and he needs to fight back.  A full scale economic war from the west,will teach him a lesson.
But more important than anything a ban of Russia from the internet ,and a ban of Russia from American technology and from technology from Japan and Asian tech giants..   So that Putin for the first time in his life ,can see the waste of money it was to host the olympics , good for Nothing , to improve relations with the west.. So that the fool see none of his nuclear weapons and military hardware can save Russia from US sanctions..  and the the only solution
for Russia is to create an Alternative system and find an alternative to American high tech and internet.. this is the only way.. Smash the hands of Putin ,whenever he ask for more American technology , that way ,he will realize
that perhaps is time for Russia to counter American ToP business , to remove the dependence of Russia and the world from it..

It doesn't take a genius , to do the math  ,and understand that US gov ,will pressure all their business to stop trading with Russia... so now Russian citizens can continue celebrating their empty football stadiums , while being the first nation in the world cut from the internet.    It is complete treason , that Putin did not though about this before.. and had a plan B ,since he came to power in case Russia is disconnected from Internet or denied American computers..  So truly i hope The congress , hit really hard Russia ,with total blockade of US business and trade..
that Putin will get the message , that he needs to develop an alternative to American business that Russians need.

Iphones can be replaced with China pretty descent Smartphones , but American Intel and AMD and Microsoft and the million of software backed in PCs , Russia have produced ZERO alternative for it ,that is computers that can work ,with the oceans of modern software aplications for science ,art and engineering that exist for microsoft windoes..  So it will be really embarrassing for Russia to see them as the first nation without internet..and banned from any new technology released by US and Asia tech giants.  Fortunately for US , they have been seeking an alternative for Russia space program and will have no problem replacing Soyuz.. unfortunately for Russians , Putin have done ,next to nothing to prepare Russia ,for the time they break relations with US and their business.  

Putin allowed Russia dependence on Ukraine gas turbines for their warships , knowing how US was investing heavily to get Ukraine to the NATO orbit.. So it was not until Kiev banned the sale of Gas turbine engines to Russia military ,that the clueless President got the message ,that they need to produce their own engines and got money from the budget ,to finance an alternative to Ukraine engines.. Now hopefully the clueless Putin ,will see that Russia needs to do the same with America and be fully independent of US technology business. we hope ,he notice this.. and produce their own.. no only for  military use..but to Personal Computers ,that can run windows applications too.. even if that means reverse engineering it..or by emulation of it.. The day Russia can produce alternative to US high tech business. this is the day ,Russia will FINALLY fight back..and counter US business. But until the idiot keeps wasting money in agriculture and sports and worshiping the good old days , Russia will be the punching bag of US.. and humiliated every week , for its weakness. to counter the west.

Honestly , I don't see Russia to have a chance to survive the american economic and business blockade..
and big possibility Putin will be forced to Resign after economy becomes very bad or Russia government resign to their sovereignty and recognize US as their leader. The only lucky outcomes for Russia that could happen ,
So that Russia dont break is that something unthinkable happens.. Or that Putin is sacked from Power and replaced by a real leader.. that can take Russia to a world leading position.. or That Europeans decided to take leadership away from US.. and protect Russia from american sanctions.. but they will ask Russia to submit to European Union instead.. so either way Russia will need to give away its sovereignty to Americans or to Europe. if want to survive.. because i don't think Putin will ever resign or realize he is part of the Problem of Russia incompetence in countering their powerful enemies.. So in best case for Russia future ,either Europe save Russia ass again.. as they did in Ukraine... with MInsk 2.. blocking US ,from turning Ukraine into a battlefield.. or that Putin resign and a new leader ,emerge and take Russia to a world leading position as it should be.

Russia to treat further US sanctions as an open declaration of economic war – PM

https://www.rt.com/news/435595-sanctions-economic-war-medvedev/

Looks like Medvedev was in a dark cave since last 4 years and just woke up to find Russia was in economic war

I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!
— Donald J. Trump (@realDonaldTrump) August 10, 2018

Such an idiot! Russia must do nothing  just watch and laugh.

In view of the sanctions..the very first thing to do is place a barring order on any Boeing orders..even those signed for but not yet delivered.
Link it to future and current sanctions.
Start a PROPER programme of accelerating the current Russian aeroplane projects.
This includes not only allocating resources to production capacity, but also to recruitment of labour.

A roots and branch review of any and all US products should be undertaken...with the view for import substitution with local goods.
If a temperory need to import from elsewhere other than the USA is needed until local replacement, for example Ch8na or European countries not caught up in the undeclated war against Russia at present, then so be it..but with the understanding that local production is still the first task.

Once this is in place, a review of any products sold to the US should come under tight review...with an eye on selling either to other countries..or via middlemen.
If Aeroflot is banned from flying to the US, sell off any Boeings not needed, ban all US airlines from landing in or overflying Russia.
All none US airlines would LOVE that.

None of this is rocket science.
It will require investment in local companies and industry..but that is what should be happening anyway. It's a no brainer.
If subsidies or tax breaks are required..so be it.
If you have a household where half of the income is given to the local crack dealer...that household will tear itself apart or spiral into impoverishment.

Its high time Russia realised that war has been declared upon it...the opening shots being the attempted strangulation of its economy.
It's not exactly being hidden.

Give money or buy from those who want to trade with you..not destroy you.
It really is that basic.

Except for a few planes there are not much ami products sold inside Russia. Maybe Whisky. Smartphones are build in China (Apple), cars (GM, Ford and so on) are build in Russia.

The thing with the planes is, that the government didn´t want to disrupt the development of airlines. The russian producers couldn´t deliver so many planes and there are more jobs in the airline sector then in the aircraft production so buing from every available source was better. With the SSJ 100 and the MS21 the industry can satisfy the needs of the airlines, sanctions against western producers should be feasible in the next one or two years without hurting the own development.

USA was very careful during past 20 years not to develop any significant trade or economic connections with Russia

It was good move because it allowed them to have upper hand over EU during early phase of sanctions

Thing is that it also means that complete cutoff of all trade is less effective now because there was never much of it in the first place

As for lowering of diplomatic ties, they still have diplomatic ties?

Long story short: keep wearing​ big boy pants and keep stockpiling cash and guns

Cash and guns, solution to every problem

The world foolish President strikes again.. check Putin's new brilliant idea..

Putin proposes tax benefits for Russians doing sport


https://www.rt.com/sport/435547-putin-tax-benefits-russians-sport/


Putin is the biggest problem Russia face.. is not NATO , is not ISIS , is not the 5th column..
but Putin the major problem.. He is wasting Russia budget in totally meaningless things ,
in distractions like sports and ignoring the major things. Russia have no hope until he resign or
Putin is sacked from Power.. or Europe stand and takes leadership away from US..

So this is the 2 major possible scenarios for Russia..

1)One is Americans breaks Russia economy ,collapse it humiliating Putin and Russia ,because they manage
to bully Europe into following their sanctions..

2) that Europe comes to the rescue of weak Russia ,and their weak leader ,and take the decision to not follow
American sanctions and continue doing trade with Russia.

In either case... Russia will continue depending on the west for its existence. because Putin have no policies in place to counter the American world influence.. world leadership..so is all a matter of who will
be their owner... US or Europe.

Vann7 wrote:.......

Given your hateful disdain for all things sport related I assume you don't have gym membership?

Also, what does this have to do with economy? Post this stuff in sports tread, we have one....

PapaDragon wrote:

Vann7 wrote:.......

Given your hateful disdain for all things sport related I assume you don't have gym membership?

Also, what does this have to do with economy? Post this stuff in sports tread, we have one....

Is a news related with Russia economy.. Putin is promoting tax benefit to zombies like him ,who consider sports
important in times Russia is trying to survive ,from a declared war by another nation.. Imagine if Stalin was promoting Sports in times Nazis were deploying tanks near Soviet Union borders..  This is not the time for sports.
Is the time for preparations for war . Whether is economic or military or both..  Russia don't have money to build modern tanks , in meaningful numbers that could do a major difference in the security of Russia. but yet for sports he always find money to give away.   is Incompetence what i dislike.. not sports..

Is time for war preparations for Russia.. just in case things goes out of control.. and time for Putin promoting
ending their dependence on American business.. understand ? time for Putin promoting a high tech industrial revolution. so that Russia can finally be really independent of US business and US internet.

But he get distracted in things , that will not help in any way Russia ,solve its problems in the world.
things totally meaningless for Russia future.. since there will be no future for Russia ,if US manage to
pressure Europe to follow their sanctions. Then is game over for Russia economy.. probably this is what needs to happen ,so he realize he needs to fight back with more innovating and successful business. that could help Europe and Russia become closer ,and no longer US sanctions hurt anyone ,since they can get the things they need elsewhere.  But unfortunately Putin continues promoting ignorance.. to ignore that the world is on a brink of a
potential war.. and so lets promote more sports people..with tax discounts so maybe it will dissuade Americans
to want to destroy Russia..  

They are playing Putin ...this is what they doing.... First slap sanctions , to destroy Russia ecomy and later in public say , we have sanctions but still we want to improve relations with Russia..    So is like someone fire a bullet in your direction to target you , and later say.. that they still want good relations..
Putin does not behave as the leader of a nation that is facing a major war by US.. he needs to take a tough stance
and counter US influence in the world.. not promoting more sports .. but instead promoting a total industrial revolution in Russia ,funding more education instead.. with a clear goal to counter US most influential business.   Venezuela economy is collapsing , IRAN too..and Russia economy will go downhill too if Europe breaks to US demands.. but Putin is speaking about lets do more sports.. guys?   people who do sports will get now tax discounts?  Why not tax discounts to people that  finish college and get an engineering degree? whats wrong with promoting High level Education in Russia ?  

GarryB wrote:Perhaps a Russian Tariff on Titanium exports to the US... my understanding is that Russian titanium is critical to the production of the F-35... say 50%...

If the US is keen to sever all ties with Russia, how about real war... spend a few billion producing the capacity to print US money that is 100% identical to US printed money... and then flood the market with fake US dollars... Give Iran 200 billion US dollars that can't be proven to be fake... except the numbers will have a duplicate somewhere...

This is war.

Is a news related with Russia economy.. Putin is promoting tax benefit to zombies like him ,who consider sports

Actually when Americans see that Putin is giving tax breaks to the Russian people who exercise... instead of enormous bailouts to the very very rich bankers like the US presidents to... perhaps they will realise which has the evil dictator in charge... or possibly not.

75% of America's titanium comes from the Russian federation the other main producer is China .... the other titanium producers can't even come close to satisfying US demand




@hole Whisky comes from Scotland the much inferior Whiskey comes from America

I didn't see anyone mentioned anything about 2019...the year when enormous amounts of natural gas will flood China, altogether with more crude oil, weed and who knows what else. I believe that will boost Russia's and China's economies to new heights, regardless Western sanctions. Does anyone have exact figures about this and what GDP growth can Russia expect in the next few years?

Can't wait for full sanctions to be implemented.
Average russian might get hit hard, but not I doubt it will affect Russia as country that much.

Unless Russians live off of iphones and Lambo's, then no, it shouldn't hit them either.

Russia lost the trade dispute to Europe

https://lenta.ru/news/2018/08/10/wto/


headline are deceptive , Out of 6 point , 3 point of Russia got accepted , 3 rejected

Government debt as share of GDP.

https://www.instagram.com/p/BmXqbijF44C/