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.    

after 20 years of oligarchs ruling? what Russia?



but there are also good news today

Naftogaz announces Gazprom plans to abandon transit through Ukraine

https://ria.ru/20190321/1551974024.html

GunshipDemocracy wrote:

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.    

after 20 years of oligarchs ruling? what Russia?



but there are also good news today

Naftogaz announces Gazprom plans to abandon transit through Ukraine

https://ria.ru/20190321/1551974024.html

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.

And good. No one should be transiting anything through Ukraine.

https://russia-insider.com/en/russian-general-staff-says-it-can-beat-pentagon-every-sector/ri26583

Misleading headline. For the most part of the article Helmer is f...ing Kudrin. Without vaseline.

The Ministry of Economic Development reported on the acceleration of GDP growth in February to 1.5%

https://1prime.ru/state_regulation/20190321/829824557.html

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.

I'd be more careful. Putin is THE master in playing weak cards he got in the beginning for sure. As i can see he is trying to find way for mutually beneficial existence with oligarchs then forcing them.

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

I'd say this is just start of negotiations. Russia wont stop transport via Ukraine.

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

https://ria.ru/20190320/1551972240.html

wait wait wasn't to be $= 100₽?! where are those experts?



Great to see that state governance is working

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.

https://ria.ru/20190321/1551974979.html

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

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.

big money cannot grow without politics, Look at LPG in Yamal. Mikhelson influenced decision about exemption of some LGP tanker for outside Russia to go NSR. At lest he seems to be Russian of Jewish descent not lieberst Jew as most of pressitutes in the world.

"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/

Hey KVS, we got another moron

https://www.russiadefence.net/t7753-going-to-the-tb-thread-stuff#251303

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/

investors also have their lobbyists...cooperation can mean Us govt has less possibility to harm Russian interests.

Because Russia gets money and they get a piece of paper.

Well, money is paper as well. Plastic in some countries.

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/

Because friendly countries can't afford to pay and want stuff on the cheap

Investment is not charity... nobody is investing in Russia because they want to help Russia, they want Russias work with their seed money to grow into more money so they get a cut and earn more money from their investment.

They are basically money lenders that will help as long as in the end they make money out of your ideas or work.

If the investment is going to bring enormous rewards... invest Russian government funds so the Russian people get the benefit in both sides of the agreement.

Of course there are no guarantees and sometimes the return is less than you would get from just putting it in the bank...

PapaDragon wrote:

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/

Because friendly countries can't afford to pay and want stuff on the cheap

China and India can easily afford those bonds and they don't want stuff on the cheap, they always pay Russia for what they buy.

kvs wrote:

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/

One would suppose that those investors want their money back.   So they are not interested in destroying Russia.    These investments
are not the same thing as Russia borrowing from NATO or investing in NATO.    This way Russia undermines the foaming at the mouth
agenda of western elites.   I say the gain outweighs the risk.

On one side they demonize Russia and on the other hand they buy Russian bonds(it is money after all they are after), hopefully they will stop that from now.

Maybe. If an asteroid plunges into capitol hill.

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

Accidentally after visit of Russian asteroid probe

Western sanctions boost Russia’s economy - security chief

MOSCOW, March 25. /TASS/. Outside pressure in the form of sanctions has become an incentive to resolve various issues of Russia’s economy, Russian Security Council Secretary Nikolai Patrushev stated in an interview with the Izvestiya daily.

He noted that through introducing sanctions against Russia, "the West aims to destabilize Russia’s economy and to create social and political tensions in society."

"But during the difficult times, Russians have always stuck together and mobilized their resources in order to ensure the country’s sovereignty. This is what is happening now - the outside pressure has become an incentive to resolve many problems in Russia’s economy," he said.

"Before the sanctions, it seemed that we would never be able to feed ourselves and that we are doomed to be dependent on Western import. However, right now, Russia’s food sovereignty in crucial sectors has practically been achieved, and in some areas, Russia has become the leading exporter," Patrushev noted.

Those who apply the sanctions "can see that they (the sanctions - TASS) are ineffective and often achieve the opposite goal," the Russian security chief concluded.


http://tass.com/economy/1050259

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.

https://www.finam.ru/analysis/newsitem/minfin-rossii-planiruet-dedollarizirovat-ekonomiku-strany-s-pomoshyu-zolota-20190326-120426/

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.

https://ria.ru/20190327/1552140461.html

The Russian economy is getting stronger.

https://www.awaragroup.com/blog/russian-economy-brief-march-2019/?fbclid=IwAR20wkJkb4DzYEo2ZBai565GSOVJ6RnU-j15l0js_3hPuuKaSnkT4wIexSE

If the suppression of the gold price by western banks collapses and the price gets up to its normal level under this economic circumstances, the russian treasure chest will be pooring over.

Hole wrote:

If the suppression of the gold price by western banks collapses and the price gets up to its normal level under this economic circumstances, the russian treasure chest will be pooring over.

There is a hard limit to how much you can suppress gold prices, everything they do is temporary at best

Speaking of gold, here is chart or Russian gold reserves since 2016: