Russian Economy General News: #10

miketheterrible wrote:A colma is used to extend a number in the essence past three digits.  So 100,000 is One Hundred Thousand.

I am assuming you are using a period, which differentiated between two sets of digits.  Like Billion to Million or Dollars to cents.  So 44.44B is 44 Billion 44Million.

So is 44,084 B Dollars mean that Russia owes 44T dollars?  Or is it 44B 084M dollars?

medo wrote:

Austin wrote:

medo wrote:According to Russian Central Bank:

- Russian external debt in December 2018: 453,749 billion $
- Russian international reserves in December 2018: 466,9 billion $

At the end of the year 2018, Russia have more money in reserves than debt.

They need to make the difference around $200 billion then it will give Ruble more strength 

What is public debt according to central bank ?

Russian government debt is 44,084 billion $.
Russian Central Bank debt is 12,072 billion $.
The rest are banks and other sectors (companies).

Why? They are one of the rare states if not the only one, which have higher reserves than debt. Russia also have 2.066 tons of gold, which already give a lot of strength to Rouble. Look at all those sanctions and ups and downs of oil prices and Rouble value is more or less constant and Russia didn't spent a cent to support it.

Washington should focus on actually fixing its domestic problems instead of searching for external enemies to blame them on, Russia's Minister for Economic Development Maksim Oreshkin said.

The remarks were in response to the words of liberal billionaire George Soros, who lashed out at China speaking at the Davos economic forum in Switzerland.


China is not the only authoritarian regime in the world but it is the wealthiest, strongest and technologically most advanced,” Soros said. “This makes Xi Jinping the most dangerous opponent of open societies.”

China brushed off the comments, saying that “statements by certain people, which portray black as white and distort facts, are completely pointless and not worthy of even a rebuttal.” Aside from Beijing, Soros has also expressed similar concerns about Russia.

According to Oreshkin, the US should stop trying to blame the troubles of “open societies” on someone else, but look for the root of its problems at home.


“Look at what is happening in America. Over the past 30 years real income of the middle class and below haven't grown almost at all. The expenses for healthcare and education have risen trifold, even taking inflation in account,” Oreshkin told RT during a press conference in Davos. “Naturally, it has led to the growth of dissent in America, becoming one of the factors in Donald Trump, with all his peculiar rhetoric, becoming the president.”

The problems are within the US. An external enemy, which impedes them and causes all the trouble in the US – whether Russia or China – is just substitution of concepts.

The official warned that such an approach – expressed by Soros and other figures of the US elite – sows nothing but confrontation, which ultimately harms the US itself end impedes economic growth worldwide.

miketheterrible wrote:Austin posts a lot of stupid shit from crap sources. His knowledge is rather slim in topics and he lacks the ability to distinguish sources.

It's best to place him on ignore.

dino00 wrote:

miketheterrible wrote:Austin posts a lot of stupid shit from crap sources. His knowledge is rather slim in topics and he lacks the ability to distinguish sources.

It's best to place him on ignore.

Austin is one of the best members, he posts various sides of the story...but is at to him to answear you or to ignore.

Kimppis wrote:What the hell is going on here... Overreacting much?

Did we read the same article? What exactly triggered you two so much? The fact that the author is currently based in Kiev!? Lol...

Also, what exactly is "unbiased" reporting? There's no such thing. Don't go down to the level of Western experts and their "Russian propaganda and Putin's trolls are everywhere, muh hybrid warfare" hysteria. Speaking of objectivity, the constant barrage of pro-Russian "Ukraine is going to collapse any day now, tomorrow, next month, next year" reporting since 2014 has hardly been objective... objectively.

The article itself... is nothing special, but at the same time it's only mildly anti-Russian at worst. It mostly just summarizes Putin's program. Sure, there are some vague doubts about the sources of funding and the usual Kudrin quotes, but overall it's... tame. Heck, the author even admits that the economy is now prioritized over the military, very different from the standard Russophobic tropes. His infant mortality figures are even reasonably up-to-date (Russia's infant mortality was already at American levels in 2017-18, but hey, not bad).

In a recent publication I failed statistics the total number of industries. In 2018 were sold 215 new investment projects connected with industrial production. But some of them are small production. Why do we believe them? There are two reasons:

1. Often the amount of investment were not disclosed, and it is not always possible "by eye" to estimate the cost of the project. You might have a situation where major projects will be accepted as a minor or Vice versa. Therefore it is better to consider everything.

2. Often important and necessary country of production does not require enormous investments. This is especially true of import substitution, when it would seem a trifle, some medical bandages or gloves Russia fully imported. And its production, even if it is not too big, but strategically important. Such projects should not be excluded from reviews.

But still, I want to sum it up it is for large enterprises.

And their country has opened 53 — with an investment of over 1 billion rubles. That is, every fourth manufacturing or ≈ 25%.

For comparison, in 2017, billions of dollars of projects was 46. However, a percentage of them turned out to be more ≈ 27%.

The most expensive project in 2018 the project was the "KuibyshevAzot" ammonia production cost 20 billion rubles.

In the second place the production of methanol-ammonia, JSC "Shchekinoazot" with the cost of 18.5 billion rubles.

Third place goes to the new blast furnace running on the Nizhniy Tagil metallurgical combine — it cost to investors of 15 billion rubles.

Fourth plant "Russian electric motors" in Chelyabinsk is 12 billion

A total of 4 production with an investment of more than 10 billion rubles.

Only 53 of the largest enterprises accounted for 178 billion rubles of the total investment of 211 billion, or ≈ 85%. That is, the remaining 102 made with the announced investment is 33 billion — or about 323 million to one.

But it should also be remembered that in 60 production facilities investment size is not reported, and among them there are the enterprise value is clearly more than a billion rubles, for example , GK "THERMOCOOL" — plant for the production of refrigeration and HVAC equipment. But, undeclared investments we do not believe, and "by eye" not to guess.

And now the most interesting. See in which industries most often opening large production:

Chemical industry — 13

Metallurgy and Metalworking — 12

The building materials and repair — 10

Medicine and pharmaceuticals — 5

Electronics and electrical engineering — 5

Mechanical engineering — 3

Packaging materials — 3

Woodworking — 2

The leaders of the chemical industry, metallurgy and building materials. Immediately see which industries are developing in Russia first of all. But pleased and pharmaceuticals 5 new large-scale production. And was surprised by the packaging — didn't even know what the industry is attributed, but as many as 3 major production of packaging materials — thought-provoking.

All professions are needed, all professions are important — he wrote the classic. In this regard, statistics shows that Russia is rather balanced. There is no bias in any of the industries or in the side of big or small industries. The same obvious that primarily built the base of production is the basis of industry — chemical and metallurgical, designed to become the basis for the production of higher value added, and that is also encouraging.

GunshipDemocracy wrote:

Austin wrote:Putin's May Decrees and the 12 "national projects" take shape, but lacunae remain

before you quote such source perhaps is  good to provide who says this +  owns outlet?

(1) ownership: US owners "specializing"  in Russia  http://www.intellinews.com/about/

(2) Author:  Fabrice Deprez in Kyiv. Checked his publication's list. Pretty much anti-Russian pro Ukrainian/pro western to me.

I dont mind talk bout facts and numbers but reading about biased opinions is like you check  challenges of India on Pakistani forums, unbiased. Right?