Russian Economy General News: #11

Vann7 wrote:

miketheterrible wrote:Because Vann, you are too much of a fucking retard to figure out that oil and gas constitutes to 6% of GDP as posted so many times.

Mods, can you finally ban him for blatant trolling?

no is not..

this have been proven when oil prices collapse ,russia economy collapse too...
and even russian economy minister have said it.. i have seen all your bullshit evidence..
and claims russian economy is dependent on services.. but don't explain what does services are..
are services to energy industry ,services can be police , security..  services that are highly dependent
on energy market.. if the oil goes down.. the russian economy exponentially goes down.. this is totally
different to american economy.. when oil was at lowest $30 it was the time the american dollar was
the strongest..  the american dollar even when is a fraud.. nations will continue supporting it ,no matter
how much putin try to encourage nations to not use it.. the reason is simple US business are needed
in the world . and so as long they have business leadership ,they dollar will be used and nations will want
to trade with them.. all those charts neither mentions how much money putin invest in energy.. far more than in any other industry in russia.. russian debt is an energy debt. so to say that russia economy is not energy dependent is a lie.. this is why putin artificially work with saudi arabia to rise the prices of oil... by holding
production.. because he have created the most lamest laziest economy in russia.. all dependent in energy sales and energy prices ,and energy related jobs.. those pipelines needs an army on people to support them..

Exchange rates are set by currency speculators and not objective reality.   So your wind-baggery is utterly worthless.

Using Russia own government numbers.. this is a report that shows how much dependent is russia economy
on oil..

Claim in 2018: “Russia relies heavily on energy exports for close to three-quarters of its export earnings and over half of its budget.”


https://www.russiamatters.org/node/11300

So some website claims this and that.  Proves f*ck all.  

http://www.worldstopexports.com/russias-top-10-exports/

If you bothered to exert yourself you would find many other such links that show that oil and gas account for less than 55%
of Russia's total exports.   So your 75% number is BULLSHIT.

Also, sunshine, Russia's GDP is not 100% dependent on exports.   If it was 100% dependent on exports then it would total
$416 billion US.   But at nominal exchange rates the 2019 GDP was $1.7 trillion US.  So the nominal dependence of Russia's
GDP on exports as of 2019 was 24.4%.   But using nominal numbers is misleading since parts of Russia's GDP that are internal
to Russia (i.e. over 75% of the total GDP) are not going to show much dependence on trade prices.   That is why Russia's
PPP GDP in 2019 was over $4.2 tillion US.

half of russian budget.. comes from russia energy exports.. whoahhhh!!!!!  
if russia is not energy dependent .. then no idea what dependence means..
Stop your bullshit propaganda.. already,..  even the Russian economic minister says it..
that they want to end Russia economy heavy dependence on energy .. but they never do anything about it..

You are repeating a number without citing any recent sources.   In other words engaging in hearsay.   In
2018 the federal core budget was 34% dependent on oil and gas tariffs.   The consolidated federal budget
(i.e. the total) was 17% dependent on oil and gas export tariffs.    And, sunshine, since when is such a
fraction an indicator of anything?  Instead of raping Russian taxpayers, the Russian federal government
extracts taxes from resources exports.   This allows Russia to have a flat 13% income tax.   While in
NATzO citizens need to spread their butt-cheeks for "progressive" taxation and in the case of Canada
middle class citizens pay about 50% of their incomes in all sorts of taxes (mostly federal and provincial).
Federal income taxes are over 30% and after the provinces take their "share" about 40% of the income
is gone.   In the EU the ass-rape is stronger and harder.   Enjoy it sucker.

Russian debts is almost all energy related..

Give some citations, fool.  You are just claiming that Russia's GDP is 100% oil and gas.  Seriously, bugger
off troll.

those pipelines cost a lot of money to build ,to europe and china.

And Gazprom made:

https://www.gazprom-neft.com/press-center/news/gazprom_neft_increases_net_profit_by_7_in_9m_2019/

In the first 9 months of 2019 Gazprom raked in about $300 billion US and saw a nice profit.   Obviously those
pipelines to China and Nord Stream II are not the problem you make them out to be.

so no only russia economy is heavily dependent on energy ,but russia investments too.. to convert russia
from an energy dependent economy, to an energy vampire economy.. because now china too.. will be selling oil
but will have to sell it incredible cheap with very little profits ,thanks to the american pressure. on oil prices.  

BS conclusions based on BS claims.

so is a failure strategy what putin is doing.. he bet all russia hopes in a business americans can very easily
sabotage..

Retard yanquis can only engage in petty blackmail in the face of Putin's policies and Putin is using this feeble reaction from
the self-anointed guiding light of humanity to make it screw itself.   Poetic.

perhaps www.rt.com is also lying ?

https://www.rt.com/business/417135-putin-presidency-economic-growth-russia/

While the Russian economy remains dominated by oil and gas revenues , its agriculture sector has boomed in recent years. Russian farmers produced their largest ever crop in the 2017 agricultural year, breaking the 40-year-old Soviet record, and harvesting more than 130 million tons.

In 2016, Russia became the world’s leader in wheat exports. Since the early 2000s, the Russian share of the world wheat market has quadrupled, from four to 16 percent.

Although agriculture still remains far behind the energy sector , it surpassed arms sales and became the country's second-largest export.

RT is like Sputnik which is like the previous RIAN.  The English service is full of 5th column maggots who use western tropes and language
in their reporting.   For example RIAN routinely called the Russian opposition parties "pro-Kremlin" taking propaganda language straight
from the NATzO MSM.   Sputnik kept doing the same, including repeating the oil and gas trope.   These journalist 5th columnists are deliberately
confusing the 50% dependence of Russia's exports on oil and gas to paint this as being a 50% dependence by Russia's GDP.   In other words,
just like you they are insinuating that 100% of Russia's GDP depends on its exports which is manifestly untrue.

So everyone lies , right?
-The russian economic minister lies ,when he says russia economy is heavily dependt in energ?
- the central bank also lies says the same..
- rt.com also lies..  

No, moron, RT and Sputnik are staffed by English speaking shysters who are spreading obvious BS and who should be fired.
Their drivel proves nothing.

the only ones not telling the true are the worst kind of fanboys in this forum..
people that will say anything in order to get attention and support putin mistakes.

Your drivel is very easy to refute.   Bugger off, troll.

americans will not be flooding the market with oil ,even at the expense of the own private energy industry ,
if russia economy was not so heavily dependant in oil.. so leave the bullshit already.. russia is a gas station.
with a debt based on investesment to this gas station.. a nation that half of its budget comes from energy industry qualify to me as a gas station.

America keeps importing 8 million barrels per day of oil.  So they are not in the position to flood anything other
than their underwear with urine at the fear of Russia's rise.

https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm

And America imports massive amounts (82 billion cubic meters) of natural gas from Canada:

https://www.eia.gov/dnav/ng/NG_MOVE_IMPC_S1_A.htm

so keep telling your bullshit lies to yourselves but stop lying in this forum with your propaganda.
if the economic minister of russia says their country is heavily energy dependent is because it is..
and no ammount of bullshit you claim or charts you interpret in your own way ,will change that.

Sod off, liar.[/quote]
[/quote]
[/quote]
[/quote]

Russian Finance Minister Anton Siluanov told on interview...
in October 2019..

quote..

Russian economy undoubtedly to a Large extend is link to energy production and energy refining.. [/u] [/i]

https://www.cnbc.com/video/2019/10/19/russia-can-withstand-a-sharp-drop-in-oil-prices-finance-minister-says.html

so even the russian economy minister is lying
and the bullshit propaganda in this forums is the real truthhhh .

so keep telling spreading bullshit liars ,but you are not fooling anyone .

Vann7 wrote:Russian Finance Minister  Anton Siluanov ...

https://en.wikipedia.org/wiki/Anton_Siluanov

Anton Germanovich Siluanov is a Russian politician and economist who is a former Minister of Finance of Russia...

PapaDragon wrote:

Vann7 wrote:Russian Finance Minister  Anton Siluanov ...

https://en.wikipedia.org/wiki/Anton_Siluanov

Anton Germanovich Siluanov is a Russian politician and economist who is a former Minister of Finance of Russia...

indeed.. and medvedev also resigned ,most of the government resigned..
this does not invalidate what he told.. Russia economy is largely dependedent to russia energy,
case closed.. That should be fucking obvious in 2014 ,as soon obama plan with saudi arabia
to bring down oil prices , the russia economy goes in free fall.. and americans began to
flood the market with fracking energy oil and gas.. this was what hurt more russia economy..
not the sanctions ,but the fall of oil prices..  and what is new now ..is that putin is investing a lot
in agriculture..and reducing the spending.. including in space funding.   and that now the
budget is estimated as if oil was at $40 and the bank raised interest rate to stabilize the ruble.
again russia is a gas station focused economy.. it can build nice weapons and other things.. but
the focus of russia economy is mostly in energy .. because putin is a lame duck with a low iq..
and doesn't know what he is doing..

this is why US is so desperate to capture and control the oil producers in the world..
venezuela ,iraq and iran.. this is to flood the market with oil.. and collapse oil prices.. and this also
affect natural oil prices too.. and this sink the russian economy.. American foreign policy is nothing more ,than the question ..how to break russia economy..and work on it.. Putin makes it very very easy for US to sabotage
russia economy with his lazyness and inconpetence. If Russia have a high tech and space focused economy ,
it will be near impossible to attack russia economy ,if Russia had business leadership in space and high tech..
same way that is near impossible to stop huawei of china.. why? because it have business leadership.. and surpass anything that apple or any other competition what china business can do.. even UK will allow china
high tech to enter its market.. this is china soft power in action.. how leadership in high tech allow nations to bypass american sanctions and blockade.. Trump told latin america to not do business with huawei and nobody listened.. even brazil ,uk and germany and france welcomed china business lead in communications and it ,to help them modernize their country ..

Gotta love how Vann pulls shit outta his ass and doesnt use the mass between his ears to think. Then again I think there isn't anything there.  He keeps getting owned and still comes back with nonsense.

You may lie Vann, but numbers don't.

Saying Russia is bad because it makes money selling energy and has become energy dependent is a new low for you Vann.

What do you expect Russia to do with all that oil and gas... just leave it in the ground and not make money so when the west finally overpowers them because they had no income being just a gas station and a gas station that doens't sell fuel quickly becomes a parking lot owned by the bankers, the west can then dig up all the oil and gas and for them to make money instead?

Right now Russia has oil and gas reserves they would be fucking stupid not to sell it because they could possibly be accused of relying too much on oil and gas sales for their business model.

Food exports by Russia are massively up from just 15 years ago, domestic production of all sorts of commodities is up too and with the western sanctions a lot more of their production is going to domestic needs too, which is very good for Russia because it means Russians are supplying their own demand instead of foreign workers earning that income... lots of foreign companys realise cheap skilled labour in Russia is a cheaper alternative to domestic production... all sorts of stuff is now made in Russia that was not before... but it is all Putins fault... is he your daddy?

You remind me of US media... everything is Trumps fault... even the shit that isn't, he gets the blame... guess it is just easier to complain and criticise... the west are experts at that... even at their own cost... the Australian leadership can't visit China without complaining about Tibet and other shit, but no mention of Guantanimo when they visit the US... no mention of their own treatment of various groups either...

Good Details here

Rosneft tells Putin its new Arctic project will be biggest in global oil

https://thebarentsobserver.com/en/2020/02/rosneft-tells-putin-its-new-arctic-project-will-be-biggest-global-oil

Austin wrote:Good Details here

Rosneft tells Putin its new Arctic project will be biggest in global oil

https://thebarentsobserver.com/en/2020/02/rosneft-tells-putin-its-new-arctic-project-will-be-biggest-global-oil

Sounds like stories of Russia's oil production peaking and quickly declining are grossly exaggerated.

Putin is not perfect and of course he can and will make mistakes but if he was the idiot Vann claims him to be how did he stay in power for so long, why is Russia so much better off now than it was when he first came to power and most importantly... why does the US and UK and EU hate him so much if he is so stupid and incompetent?

GarryB wrote:Putin is not perfect and of course he can and will make mistakes but if he was the idiot Vann claims him to be how did he stay in power for so long, why is Russia so much better off now than it was when he first came to power and most importantly... why does the US and UK and EU hate him so much if he is so stupid and incompetent?

Naturally you right, the west would be singing Putin's praises if he was a loser like Yeltsin. That Putin is the greatest Russian leader probably in its
whole history (Alexander Nevsky, etc., lived in simpler times) is what drives the NATzO west mad. Putin is destroy the west's agenda to rule
the world. People really do not appreciate the historical impact of the schism between the west and China. China, Russia and several orbiting
states have basically split the world in half. The west can no longer claim primacy like it did back in 1980 even if the USSR was still around.
It is clear that Putin is a smart leader who thinks strategically and thus planting the base for long term Russian growth. He is not some tail
chasing loser who serves as a sock puppet for the real power in the country like is the norm for the USA.

Idiots can pour scorn on Putin round the clock. They achieve f*ck all.

The recent decision by RZD (Russian railways) to buy Elbrus based computers has been overturned by the federal
anti-monopoly agency due to complaints by foreign computer makers.

What a F*CKING joke!

Thanks to Yeltsin the Traitor, Russia's constitution elevates foreign laws and treaties to primacy over domestic
Russian laws. That's right, I couldn't make this sh*t up. Even though the USA routinely flouts WTO rules,
it gets away with it, but Russia must play by these US-created rules. To the detriment of its own economy
and interests.

Now we see the value of Putin's recent decision to change the constitution to put Russian law above all other
laws inside Russia. This is necessary for RZD to buy Elbrus based computers and support domestic technology
and industry.

kvs wrote:

The recent decision by RZD (Russian railways) to buy Elbrus based computers has been overturned by the federal
anti-monopoly agency due to complaints by foreign computer makers.

What a F*CKING joke!

Thanks to Yeltsin the Traitor, Russia's constitution elevates foreign laws and treaties to primacy over domestic
Russian laws.   That's right, I couldn't make this sh*t up.   Even though the USA routinely flouts WTO rules,
it gets away with it, but Russia must play by these US-created rules.    To the detriment of its own economy
and interests.

Now we see the value of Putin's recent decision to change the constitution to put Russian law above all other
laws inside Russia.   This is necessary for RZD to buy Elbrus based computers and support domestic technology
and industry.  

It's amazing that they strike at Elbrus for "anti-monopoly", but Microsoft can monopolize everything and they'd probably be okay with it.

Exceptional America gets to flout the rules.   I am also suspecting yet more sabotage at the anti-monopoly service.   Since when
do WTO rules control purchasing by corporations?   If I want to buy HP instead of Dell servers do I get a legal case opened against
me?   Do I really have to give every freaking competitor a "chance".

If I were the management of RZD I would stage the three bidder farce selection process and choose Elbrus because I want
a functional VLIW computer system.   The rest can take their x86 crap and shove it.   The anti-monopoly service is swimming
outside its jurisdiction.   One can treat x86 as a monopoly architecture that is crowding out all the other CPU architectures.
The job of the anti-monopoly service is to control abuse by actual monopolies and MCST is far from some market dominating
player.   Thus, there is indeed foul play at the anti-monopoly service.

Putin needs to play up to his reputation as the micro-managing boss of Russia and tell the anti-monopoly service to take a hike.

I wonder if anyone will bother to counter the claims? It should be asked how it was unfair cause Elbrus does not have a monopoly in anything?

miketheterrible wrote:I wonder if anyone will bother to counter the claims?  It should be asked how it was unfair cause Elbrus does not have a monopoly in anything?

It reeks of the same nonsense that the Illuyshin had to deal with back in the 90s, where Boeing pressured Boarass Weltsin in to killing a commercial airliner competitor from them.

kvs wrote:
Putin needs to play up to his reputation as the micro-managing boss of Russia and tell the anti-monopoly service to take a hike.

totally agree

magnumcromagnon wrote:

miketheterrible wrote:I wonder if anyone will bother to counter the claims?  It should be asked how it was unfair cause Elbrus does not have a monopoly in anything?

It reeks of the same nonsense that the Illuyshin had to deal with back in the 90s, where Boeing pressured Boarass Weltsin in to killing a commercial airliner competitor from them.

Exactly, the new constitution reforms will be more than welcome in this case... anyway, i believe that the president and the prime minister can have a look at this and avoid stupid mistakes damaging for their country

Under WTO rules a company can not simply decide to give a huge contract to another company, there has to be a tender. To circumvent this RZD has to simply put out a tender for new computers and afterwards declare Elbrus the winner.

Hole wrote:Under WTO rules a company can not simply decide to give a huge contract to another company, there has to be a tender. To circumvent this RZD has to simply put out a tender for new computers and afterwards declare Elbrus the winner.

WTO rules are an Orwellian farce. For example, Canada banned MMT the neurotoxic manganese based additive to increase gasoline
octane (after lead was removed from the market for being toxic). A US company that peddled MMTO sued
the Canadian government for breach of the free trade rules.

https://en.wikipedia.org/wiki/Methylcyclopentadienyl_manganese_tricarbonyl

https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/ethyl.aspx?lang=eng

So free trade agreements are a freak show that put public health under attack because some poison peddler may lose their business.

Next step is to protect the rights of drug dealers, pimps and gangsters. After all, business is business.

Under WTO rules a company can not simply decide to give a huge contract to another company, there has to be a tender. To circumvent this RZD has to simply put out a tender for new computers and afterwards declare Elbrus the winner.

Stipulate no back doors and western companies would not even be able to enter...

Pretty much. Tailor the demand to meet specific targets that can't be met by the competitor.

Dutch court just ordered Russia to pay $50 billion to former Yukos shareholders: https://www.bloomberg.com/news/articles/2020-02-18/dutch-court-reinstates-50-billion-yukos-judgment-against-russia

Will Russia pay?

I answered this as I posted in the oil thread.

No they won't. Russia didn't sign the charter 45 in the agreement on energy protection.  Meaning this case is Dutch court talking smack as usual.

https://twitter.com/russiaspeaks/status/1229705437370572800?s=19

miketheterrible wrote:I answered this as I posted in the oil thread.

No they won't. Russia didn't sign the charter 45 in the agreement on energy protection.  Meaning this case is Dutch court talking smack as usual.

https://twitter.com/russiaspeaks/status/1229705437370572800?s=19

Hopefully you are right. It would be idiotic for Russia to fall for this kind of extortion. $50 billion?!? LOL

In reality this will be used to block Nord Stream II. Or at least they will try that. They will try to seize the pipeline that is in German and Danish waters and give its ownership to former Yukos shareholders.

They can't seize that cause Gazprom isn't Rosneft. Two different companies. And regardless, there are the Yukos law in multiple countries involved which stipulates they can't asset steal.

And if they do, Russia will return the favor.

And no, Russia won't pay that. They blocked the ECHR ruling for $2B for Yukos. They will block this nonsense. There isn't anything to prove the value of $50B either.

Sounds like murican shareholders of Enron should sue in Holland.

Yukos had a value of 50 Bill. for a day or so. At that time there were rumors that the company would merge with Sibneft. In the same timeframe the company broke the law thousands of times, didn´t pay taxes and so on. Like Apple or Google do today.