Russian Economy General News: #10

kvs wrote:
Ukraine is what would have become of Russia if the gangster oligarchs continued to control the federal government.   We would
not be talking about Avangard but about Russia's partition.    

Naftogaz announces Gazprom plans to abandon transit through Ukraine

miketheterrible wrote:
Oligarch ruling was at best about 12 years.  Putin was putting them in place not long after he got in.  Oligarches exist and will always exist so long as money exists.  There will be those who will find ways to make lots of money by nickel and diming people but it appears that what Putin has put in place, what most governors and government officials talk about now and promise and demand, shows that the Oligarch ruling is more or less done.  Only oligarches that will have any kind of power are those who follow the same mentality.

MTT wrote: And good.  No one should be transiting anything through Ukraine.

The dollar fell below 64 rubles for the first time since August

Trutnev: a number of indicators for the DFO on national projects violate Putin’s orders

VLADIVOSTOK, March 21 - RIA News. A number of indicators set by federal ministries and departments for the implementation of national projects in the Far East are below the average for Russia, which violates the instructions of President Vladimir Putin, the presidential envoy to the region Yury Trutnev said at a meeting of the Far Eastern Federal Council on Thursday.
According to him, today at the meeting will discuss the implementation of the national projects "Housing", "Education", "Health".

"You remember that the figures calculated by the region and lowered by the ministries differ significantly. We will discuss this today, we will understand. But analyzing the work, it must be said that for a number of indicators the targets set by federal ministries and departments below the national average are a direct violation instructions from the president, where it is stated that all indicators should be higher than the average for Russia, "said Trutnev.
According to him, representatives of departments are also invited to the meeting.

“The presidential commission must either be fulfilled or the place made available for people who are able to fulfill,” the plenipotentiary added.
The national program was commissioned by the president of Russia. The document should combine national projects and state programs, long-term sectoral plans of departments and infrastructure companies, as well as development strategies for all regions of the FEFD. The program should be ready by September 1.

Hole wrote:Putin turned oligarchs back into business men. Do as much business as you want (pay some taxes!!!) but keep your hands off politics.

par far wrote:"Just business: British & US investors gobble up Russian government bonds."

"Most Russian state-issued bonds were purchased by investors from Britain, the US and the European Union, according to Andrey Solovyev, global head of debt and capital markets at VTB Capital which ran the placement."




Why is Russia letting them do this? Why don't Russia give their bonds to friendly countries?


https://www.rt.com/business/454485-russia-bonds-us-uk-eu/

Hole wrote:Maybe. If an asteroid plunges into capitol hill.

Ministry of Finance plans to de-dollarize the Russian economy with gold

The Russian Ministry of Finance plans to de-dollarize the country's economy with the help of refined gold.

According to the public declaration of the goals and objectives of the Ministry of Finance of Russia for 2019, "in order to de-dollarize the Russian economy, it is planned to create conditions for using refined gold as a means of accumulation (investment gold)."
It is also planned to create conditions for increasing the share of payments on foreign trade contracts in national currency, including through further liberalization of the norms of currency legislation.

Kozak spoke about the inventory of oil fields in Russia

MOSCOW, March 27 - RIA News. The first results of an inventory of oil fields in Russia will appear in the summer, and by autumn the government will prepare proposals for additional stimulation of oil production, Deputy Prime Minister Dmitry Kozak said in an interview with the Kommersant newspaper .
The idea to conduct a comprehensive inventory of certain categories of deposits in terms of reserves and break-even production was announced in September 2018.