Translated and captioned by Leo.
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The American agency Bloomberg has published a report on the state of developing countries. Russia has changed its place immediately to five positions, which was a complete surprise for many. How did this happen and what follows from this – we will explain after the news bulletin.
News time
In the Rostov Oblast (region), the first in the country production of steel towers necessary for wind power installations was launched. Investments – 800 million rubles ($11.6 million).
In the town of Dubna, we have solved the issue of power aviation wires. These are able to work in an open flame for twenty minutes. They are designed to complete the MS-21 aircraft and not only it.
In Volgodonsk, a new production of equipment for the nuclear power industry and other industries has opened.
In the Krasnodar Krai (territory) – a substation worth about 3 billion rubles ($43.5 million). Almost all equipment of the facility is Russian.
In Tolyatti – the production of heating radiators.
In the Novosibirsk Oblast, pharmaceutical production was opened with an investment of 600 million rubles ($8.7 million).
In the Kirov Oblast, a full cycle of production of glucose-lowering drug was started. In terms of output, the plant will become one of the largest in the world.
In Irkutsk, production of blood glucose meters and test strips for measuring blood sugar levels was opened. Investments – 500 million rubles ($7.2 million).
In the Moscow Oblast – a factory of next generation boilers. The products will help replace up to 15% of imports.
In Bashkiria – the production of import-substituting multi-strand steel ropes.
In Chechnya – a factory of building materials.
In the Smolensk Oblast – packaging materials.
A large livestock complex was opened in the Ulyanovsk Oblast – an investment of 600 million rubles ($8.7 million).
In the Stavropol Krai – an enterprise for the storage and processing of vegetables worth about 1 billion rubles ($14.5 million).
Economy time
According to the rating of countries with emerging markets from the Bloomberg agency, Russia climbed five positions up and ranked second after Malaysia. China is in third place with a large margin.
In compiling the rating, the following indicators were taken into account: GDP growth, state of the sovereign credit rating, foreign exchange reserves, equity and bond markets. The compilers of the rating, having analyzed the state of affairs in the Russian economy, actually admitted that the sanctions could not bring it down. However, if there were no sanctions, then we probably would have developed much faster.
Today, Russia remains a country with low external debt and growing gold reserves, which allow at any time to get rid of debt and not to resort to external borrowing. Far from all developing countries can afford this luxury in the modern world, which is reflected in the ranking.
Of course, this does not mean that there are no problems in the Russian economy, but this means that its condition is very stable and if no external shocks happen, then we will continue our development.
If, for some reason, sanctions are lifted from Russia, this will lead to an accelerated development of the economy, taking into account all the accumulated potential. However, that is exactly why we believe that no one will cancel the sanctions.
Now let’s talk about our victories.
Victory time
At the X International Informatics Tournament in Bulgaria, Russian schoolchildren won 29 out of 87 medals, including 11 gold ones.
At the World Olympiad of Robots in Thailand, the Russian team won three medals – 2 gold and one bronze.
At the same time, the Russian teams took 6 gold medals and one bronze medal at the Asian Youth Robotics Championship.
And at the XV International Junior Science Contest in Botswana, our guys received 1 gold and 5 silver medals.
Export time
It would seem that just recently we talked about the opening of the Yamal LNG natural gas liquefaction plant, and it has since managed to grow noticeably. The other day, ahead of schedule for a year, the third production line was launched. Now the plant is officially the largest in Russia and will become even larger since the construction of the fourth line has already begun. But even on the existing scale, Yamal LNG has already occupied 5% of the world market for liquefied natural gas. During the year of operation, more than 100 tanker shipments of LNG were produced and delivered to consumers on five continents with a total volume of about 7.5 million tons.
However, as always, we note with the gas supplies, the Russian expansion into the world markets is not limited to just this. In Peru, the center for maintenance and repair of Russian-made helicopters was recently opened.
In Columbia, an all-terrain vehicle batch was shipped from the Vologda Oblast for the needs of the local police.
In Cuba, a Russian-Cuban station for climatic testing of materials and structural elements has been opened.
In Armenia, a new Russian station for collecting measurements of the GLONASS system.
Russian food continues to conquer the world. In particular, the export of unique sweets produced under the brand name “Siberian Medicine Man” (Sibersky Znakhar) is growing. The history of the manufacturer is another excellent example of how, with the right approach, you can not only create a great business, but also help popularize Russia abroad. Siberian honey, jam, handmade chocolate is in demand in Asia and Europe as a natural product. You can watch the colorful video about this Siberian producer on the channel of our partners by the link in the description.
*Clip plays*
We work on producing natural ecological products from our Siberian wild berries, herbs and even pine cones. And we don’t add any chemical additives. For example even instead of citric acid, we use freshly squeezed lemon juice.
*Clip ends*
The right thing
It is necessary to promote abroad not only Russian goods and services, but also meanings. We remind you that if you implement any socially useful Internet project, the site of which is located in the domain zone.rus, then you can take part in our competition. Just send a link to the project in our editorial and wait for the results. Prizewinners will be awarded a free story about the project in our program and the extension of the domain in the “Rus” zone for 9 years from our general partner.
If your project is in a different domain zone, then in order to participate in the competition you only need to register a mirror in the .rus zone. Let’s fill the information space with useful projects together!
We wish you a good and vigorous week! The text of the publication and the original sources and links can be found in the description. Subscribe to our channel, join our groups and be sure to share this video with your friends.
The stupid pro West pro IMF pro Rotchild’s president of the Russian central bank just increased the interest rates(7.5/7.75) which is totaly ridiculous and will send Russia into a recession.She works for the West she even received an award as ‘the best central bank manager in the world’ from Lagarde (IMF)..
Don’t judge her too fast. Next year there will be recession, global one. The only weapon a CB can use to fight it is lowering interest rates, RCB has advance it almost to 8% hence a lot of space to lower it when SHTF. The timing of that recession is Brexit, most western ecomies will implode and the situation will turn uglier than 2008. J Powell is struggling to rise FED rates at least to 3.5-4 (when he needs at least 5.5-6 to have chance to fight the incoming recession) but he does not have time. 2019 will be very, very interesting. Buckle up and stay focused.
That is why they are striving to be economically self sufficient as possible!
padre
That is correct. The global debt amounts to 277 trillion dollars. The year 2019 is going to see a recession, which will transform geopolitics. Thats the price you pay when you play a Ponzi game, printing money backed by nothing. Russia, with it’s low foreign debt and large gold reserves will surely do much better than others, improving its world standing even more.
One’s debt is another’s asset. Why are you so concerned about global debt? If the US defaults its rich will not be adversely affected since they are diversified globally e.g. BP owns 19.75% of Rosneft with 30.25% owned by others.
Anonymous
The rich in the US will have a big headache repaying the foreign debt, not to mention the domestic debt, which even US professors cannot calculate. Owning shares in Rosneft will not save them, as evidenced by the US elite preparing get aways by buying up real estate outside the US, like in New Zealand and Tasmania. Even George Bush jr. bought himself an estate in Paraguay. Strange for a Texan. Perhaps it’s not strange, bearing in mind he certainly knows what the state of US finances is.
BF,
the definition of default is that you don’t necessarily repay anything. Rosneft was a single portfolio example.
Why are you so concerned about global debt?
A US default would have profound global consequence but the sky would not fall down and the rich would still be rich.
The next ponzi scheme woulld arrive in short order. They always do.
Anonymous
When this Ponzi scheme collapses, there will not be a new one, as you don’t use the same old trick twice, even if you wanted to.
BF,
the ponzi schemes never collapse. The recent, and ongoing interest rate swap / CDS based debacle was pretty much the same as the 1637 Tulip mania crash. Innovative methods of theft can be developed much more quickly now – ask any Financial Engineer.
@Anonymous
” If the US defaults its rich will not be adversely affected since they are diversified globally e.g. BP owns 19.75% of Rosneft with 30.25% owned by others ”
there is roadmap in the internet
100% from XXX Billion $
to
100% from 0 $
https://en.wikipedia.org/wiki/Yukos
can happen anywhere with any ownership – no big problem for any country
In Australia, during the “recession we had to have” interest rates hit 27%, up from 6% in two years. I think the RCB is doing a far better job than the ARB (Australian Reserve Bank).
I think Nabiullina should:
1. Lower interest to 0%, so Russians can more easily turn themselves (and the next 3 generations) into debt serfs
2. Engage in gold swaps with Citibank, Goldman Sachs, like Maduro
3. Sell off the remaining Russian gold bullion at rock bottom prices like UK prime minister Brown..(who needs gold anyways? USD is just fine)
5. Buy USD and increase holding of US treasuries (she has done the opposite..bad!)
4. Start up the printing press…because there’s nothing like a little hyperinflation to get people out shopping. Also like this the rouble can have a dual purpose: currency AND toilet paper…
/Sarc
The weakness in the Russian banking system appears to be how small and medium businesses are treated. They have a tough time getting money for expansion. A more liquid system (Glaziev is always calling for it) is necessary to get the dynamics at the entrepreneurial level.
With the oligarchs pulling half their revenues out to London, Cyprus and Switzerland, the economy loses its full strength that it might have.
She needs to get more easier credit for business, homes, and farms. Especially, if birth rate is ever going to grow, young couples need a cheaper home payment. And if the East is going to attract more population to shift there, credit and more infrastructure is necessary.
The Liberals are working assiduously to stifle these Putin policies. They are working inside as part of the Hybrid War.
VVP needs to fire the Liberals, break the pact with the “destroyers” of Russia and stand with the People.
Time is fleeing.
Putin recently said that money flow from GB is in large part a REPATRIATION of capital.
Repatriation = stinking rich russian oligarch bastards moving their money around.
The glass is either half full or half empty.
The Russian state has provided help for small and medium enterprises in the form of subsidies (also for loans), simplified accounting, tax breaks, VAT exemptions for purchases of raw materials. For the agriculture sector, Russia had a “beginner farmer” program. program..https://www.rbth.com/business/2017/07/05/how-to-open-a-farm-in-russia-if-youre-a-foreigner_796165
The central bank should only look after monetary policy and let the government handle the state help.
Of course one can always do better …but Russia has taken several steps in the right direction…
I believe Russia should nationalize it’s central bank restoring control of money to the government and out of the rapacious globalist hands of the Rothschilds.
I don’t understand why they have not done that. They might yet do it.
Dear Serbian Girl,
Do you remember the 1996’s collapse of the seven Asian Tigers? That was initiated when George Soros conned Peter Costello to sell off most of Australia’s gold reserve. As the Australian Treasurer, Peter Costello described the move; ” Gold is no longer the commodity it used to be.”
Unfortunately as I stated, Peter Costello was conned, but there was a minor point often neglected; Peter’s brother, the Reverend Timothy Costello became the ‘voice’ of Gun Control Australia, in regard to handguns, a position that was also under the Soros Foundation.
No bloody wonder that Australia was ‘The poor white trash of Asia’, but even that is about to change as our immigration policy brings in people of Asian and African countries to join this ‘white trash’. As the former Governor General of Australia, the ‘Republican’ Bill Hayden stated in the late 1980’s; “In fifty years Australia will no longer be white.” Thus we should recognise that what is happening today throughout Europe and the world was being thought about in the 1980’s.
Andrew… I am REALLY interested in learning more about this.
“Do you remember the 1996’s collapse of the seven Asian Tigers? That was initiated when George Soros conned Peter Costello to sell off most of Australia’s gold reserve. As the Australian Treasurer, Peter Costello described the move; ” Gold is no longer the commodity it used to be.””
Got any tips? Links. I didn’t realise Soros had a hand in Australia’s economy.
I enjoyed your sarcasm. You could have included Canada with it’s leadership of identity politics buffoons. they got rid of the last of our gold too. And they are throwing away millions on stupid things because the PM who couldn’t run a lemonade stand says the budget will take care of itself. I wish I lived in Russia.
Dear Стивен,
Paul Keating’s recession to save us from becoming a ‘Banana Republic’, which in fact made us a full Banana Republic. This move by Keating was to drive the ‘Housewife’ out of the house and into the workforce. Other moves made by this WLO lot was the partial privatisation of the Commonwealth Bank, the destruction of the State Savings Bank of Victoria, the ‘Sexual Equality for the ‘Feminists’, the takeover of the State’s Education systems, and then the ‘Floating of the Aussie Dollar so as to allow the Multi-corporations to move in like carpetbaggers and buy everything of value much the same as the same carpetbaggers did in Russia after it went broke and Yeltsin let them in.
And of course, in the background of all of this was the 1987 collapse.
Is there a connection here? I believe that the Russians believe there is and are preparing for such an event, and what happens to a nation when its stocks fail? How about the Banks send them off to war.
“However, if there were no sanctions, then we probably would have developed much faster.”
I’m not sure about this…. I think opposite… the sanctions in fact, helped Russia’s economy…
The overall impression is that sanctions were the best thing that could have happened to Russia, which turned to it’s own resources and infrastructure. Industry was modernized, while agriculture experienced a boom. Now Russian non GMO products are a fashion on world markets.
By the second half of 2016, the EU lost 100 billion euros in trade with Russia. I always suspected that sanctions were not only meant to cause harm to the Russian economy, but also to turn the EU towards the US. It did not work out that way. The Nord Stream – 2 gas pipeline is being built, the Yamal gas project in the Arctic has been completed, while Germany opened subsidiaries in Russia, which employ 140.000 Russians. While Russia did lose some trading partners in Europe, it obtained new ones in Asia, Africa and Latin America. Instead of containing Russia, Washington achieved the opposite.
I would think that if wages rise high enough, especially for non elite workers then all this good news is welcome. If on the other hand wages of people don’t rise then the problem become one of affordability across the board.
Oil prices are getting scary: Former Shell Oil president
The collapse in oil prices, now hovering around $45 per barrel in the U.S., is terrifying, according to former Shell Oil President John Hofmeister.
“It’s getting to a scary point,” he said during an interview on FOX Business’ Varney & Co. “If we get below $40 we’ll see rapid stopping of drilling because the companies simply can’t afford it.”
https://www.foxbusiness.com/energy/oil-prices-are-getting-scary-former-shell-oil-president.amp
Russia’s bottom price is $30. They know they can pump and sell at anything above that.
US fracking oil needs $45.
Happiness for the oil industry is $60. That enables more exploration and expansion.
Keep in mind that Russia gets a big double hit with low prices. It’s natural gas sales price is attached to oil price ups and downs.
One of the big unknowns is the $400 Billion deal with China. Is that a fixed price or an adjustable (market adjusted) price. The only good thing about selling to China is they have enormous need and can’t find the volume they required anywhere except Russia.
Actually shale needs closer to $120 per barrel to be profitable if you match its ever increasing debt correctly
to the short lifespan of its wells.
Its a very expensive bludgeon to use on producers of real oil,shale isn’t real oil at all, its condensate, only
suitable for very light fractions.
I can save people a lot of time, trouble and money if they wish to lower blood glucose.
Instead of taking drugs, just stop eating manufactured carbohydrates. Reduce sugar intake as close to zero as possible, and avoid all manufactured grain products.
@ Tom Welsh
lol, you might be onto too something. I once met and worked with a chef who was a woman and upon being informed how old this lady was I was no way inclined to believe it and replied well what is here secret to looking so young and thin? She doesn’t eat anything white. Yep, if that doesn’t about sum up everything about our diet. Nothing white means just about everything processed?
Dear Tom,
Could we move this comment to the Café so as not to offend the Moderator at this time of year.
There are one or two observations I would like to put to you that you may find interesting.
Andrew
Fine news. The USA and Canada in the 1950s were a little like that, with the exception very much less of it was new. General Motors, Ford, et al. expanded, but the level of new construction in Russia is unprecedented. At least in the non-Asian world.
As an example: In a few decades ago I worked an old mill, formerly a US Steel plant. The rig and assembly area I worked at was fashioned in 1913. Not only older than all of us then working, but older than our fathers. The investors in that era were saving their big money for new facilities in China or Mexico. the better not to hire native born Americans at all.
Small point of interest: The plant I work now is smaller and newer and one of our truck drivers is Russian, here less than 10 years. A year ago I asked him if he was considering heading back, showing him a clip of Moscow’s new skyline.
“No way!” he answered. “American bosses pay more!”
All men are patriotic in their own way…
A couple of more years of sanctions will guarantee the unstoppable flourishing of Russian infrastructure. If ever, Russia wanted an impetus to kickstart its moribund industrial capacity, the idiots ion the West (read Amerikkka here) provided it. Best of all, it’s the gift that keeps on giving due to the singular lack of imagination in devising ways to hurt Russia.
Just a word, whenever I read a post with the words “Zionist” or “neocon…I tune out. Use proper terms.
“whenever I read a post with the words “Zionist” or “neocon…I tune out.”
Then you do not wish to be an informed participant. Your loss, nobody else’s.
What term, or terms, would you prefer?
Tune out as much as you like. Go stick your head in the sand like a good little ostrich.
Up to the 1980s, the Soviet economy was the 2nd largest economy in the world. Far more advanced than the 1980s China, with higher incomes and technological capabilities .
It is interesting what would have happened if USSR was still around.
There were many options that could have been followed, like a light version of chinese reforms or staying centrally planned & socialist.
Ussr will still be around if the elites wanted it to stay around , the people favoured the continuation of soviet system but they were ignored.
The economic disaster that followed ussr dissolution cannot be reversed.
The trade bloc of COMECON was dismantled , & the economic/business links between soviet republics disintegrated too. Privatization of state assets / property caused unemployment & poverty.
But the ussr economy never truly collapsed, it was just dismantled by the actions of the elites who later coopted the state assets to gain money and power. Gorbachev plan was privatization & integration with capitalist west & it caused the destruction of soviet system & of all other socialist oriented states.
Of great interest is Stephen cohen’s article “why did ussr collapse ?”
http://www.gorby.ru/en/presscenter/news/show_28867/
Bravo Russia! Keep it up. Now if only the Russian ladies would consent to be mothers of at least 4 each. Then Russia would be well position for the rest of the century!
Wonderful information!
An aside is the fact that the US and or UK gift to Netherlands of six nuclear likening bombs immediately made Holland a prime mark for Russia/ Chinese bombardment ( some gifts)!