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Author Topic: More Bad News for Russia  (Read 1075591 times)

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Offline JayH

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More Bad News for Russia
« Reply #300 on: October 29, 2014, 06:54:54 AM »
Split in Russian: clans around Putin began to fight

Раскол в России: кланы в окружении Путина начали борьбу - Bloomberg
Odessa Daily
29 октября 2014 в 09:45 РекламаСкачать журнал STYLE
Борьба в ближайшем окружении Президента Российской Федерации Владимира Путина замедляет принятие решений
Раскол в России: кланы в окружении Путина начали борьбу - Bloomberg
Об этом со ссылкой на источники, близкие к Путину, пишет американское агентство Bloomberg.

В то время, как сам президент сосредоточен на внешней политике, соперничающие группы борются за влияние и заняты внутренними проблемами, рассказали агентству анонимные источники.

Одна группа, в центре которой премьер-министр Дмитрий Медведев, обеспокоена усилением отчуждения России от мировой финансовой системы. Другая, которая включает в себя руководителей государственных компаний, таких как Игорь Сечин (директор компании «Роснефть»), и ветеранов спецслужб, выступает за усиление государственного контроля над российской экономикой.

«Правящая элита России будет биться в конвульсиях, тогда как экономика кренится в сторону рецессии, рубль колеблется вблизи рекордно низкого уровня, а конфликт в Украине толкает страну еще глубже в противостояние с США и их союзниками. С нефтью, крупнейшей статьей российского экспорта, подешевевшей до 27-месячного минимума, и банками, которые все чаще обращаются к государству за финансированием, остается все меньше денег в обращении», – пишет Bloomberg.

В связи с падением цен на нефть рубль продолжает обесцениваться. Впрочем, как считают аналитики издания Financial Times, операции Центробанка смогут удержать страну на сносном уровне не дольше, чем до конца года.
http://odessa-daily.com.ua/news/raskol-v-rossii-klany-v-okruzhenii-putina-nachali-borbu-bloomberg-id70854.html


Fighting in the entourage of the President of the Russian Federation Vladimir Putin slows decision-making

Split in Russian: clans around Putin began to fight - Bloomberg
This is with reference to the sources close to Putin, says US agency Bloomberg. At that time, as the president is focused on foreign policy, rival groups vie for influence and beset by internal problems, told the agency anonymous sources. One group, the center of which the Prime -Minister Dmitry Medvedev, Russia is concerned about growing alienation from the global financial system. Other, which includes the heads of state-owned companies, such as Igor Sechin (director of "Rosneft"), and veterans of special services, supports the strengthening of state control over the Russian economy. "The ruling elite of Russia will convulse, while the economy lurches toward recession, the ruble fluctuates near record lows, and the conflict in Ukraine is pushing the country deeper into a confrontation with the US and its allies. With oil, the largest item of Russian exports, depreciating to 27-month low, and banks that are increasingly turning to the state for funding, there is less money in circulation "- writes Bloomberg. Due to the fall in oil prices ruble continues to depreciate. However, analysts say the edition Financial Times, the operation of the Central Bank will be able to keep the country tolerably not longer than until the end of the year.
« Last Edit: October 29, 2014, 06:58:06 AM by JayH »
SLAVA UKRAYINI  ! HEROYAM SLAVA!!!!
Слава Украине! Слава героям слава!Слава Україні! Слава героям!
 translated as: Glory to Ukraine! Glory to the heroes!!!  is a Ukrainian greeting slogan being used now all over Ukraine to signify support for a free independent Ukraine

Offline sleepycat

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« Reply #301 on: October 29, 2014, 06:58:19 AM »
While Ukraine is trying to negotiate visa-free travel with the EU, Russia on the other hand is discussing a visa-free regime with North Korea!

http://www.themoscowtimes.com/business/article/russia-and-north-korea-discuss-visa-free-regime/510222.html

Talking about having to scrape the bottom of the barrel...

Offline Doll

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« Reply #302 on: October 29, 2014, 09:03:06 AM »
I think to appear fair and balanced, a new thread titled 'More Good News for Russia should be started for which Doll can link articles which are optimistic about the direction of the Russian economy. Then we can all discuss whether these articles have any merits or are complete BS.
It would be just waste if time. There IS such a thread on Russian forum. You go and read it.
Your quote was a complete BS though.
I am old enough to remember at LEAST 6 hard periods in Russia (USSR). We survived and we will now.

Offline AkMike

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« Reply #303 on: October 29, 2014, 09:32:39 AM »
It would be just waste if time. There IS such a thread on Russian forum. You go and read it.
Your quote was a complete BS though.
I am old enough to remember at LEAST 6 hard periods in Russia (USSR). We survived and we will now.

 WAs the first hard period called the Bolshevik Revolution??   :popcorn:   (joke)

Offline AkMike

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« Reply #304 on: October 29, 2014, 12:01:33 PM »
Ruble Weakens to Record on Concern Russia to Expedite Free Float
 

By Vladimir Kuznetsov  Oct 28, 2014 7:45 AM GMT-0800   

 

The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of interventions this month failed to halt the depreciation.

The currency slid 0.6 percent to 47.7112 against the central bank’s target dollar-euro basket by 6 p.m. in Moscow, bringing this year’s decline to 19 percent:clapping:
Ten-year government bond yields approached five-year highs as the Finance Ministry said it was scrapping its third straight debt auction.
http://www.bloomberg.com/news/2014-10-28/ruble-weakens-to-record-on-concern-russia-to-expedite-free-float.html?cmpid=yhoo


Offline AC

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More Bad News for Russia
« Reply #305 on: October 29, 2014, 12:57:02 PM »
It would be just waste if time. There IS such a thread on Russian forum. You go and read it.
Your quote was a complete BS though.
I am old enough to remember at LEAST 6 hard periods in Russia (USSR). We survived and we will now.

You mean you are old enough to remember 6 self-contrived hard periods in Russia and the Soviet Union?  Only Russia (and the former Soviet Union) takes being a rotten apple member of the international community to such lows while simultaneously blaming the international community for their own self-contrived suffering.
« Last Edit: October 29, 2014, 01:04:46 PM by AC »

lordtiberius

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« Reply #306 on: October 29, 2014, 01:57:12 PM »
Its fun to pick on Doll until you realize that 140 million people just like her have nukes and sit on the UN security council.

Fun with Lemmings

Offline AkMike

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« Reply #307 on: October 29, 2014, 02:47:40 PM »
Tick Tock

Offline I/O

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« Reply #308 on: October 29, 2014, 03:37:20 PM »
We survived and we will now.
Doll, I've stayed out of these stupid debates for the most part as, you are correct, they are fruitless. There are around about 400 odd pages of accusation and counter accusation on a few well frequented forums at the moment and all of it could have been summed up like this - If a Russian had said, I don't like Americas current foreign policy, and a Westerner had said, I don't like Russias current foreign policy - we would be at the same place we are now. 
 
Of course Russia will survive and it is only the crackpots who wish otherwise but what won't survive in the longer term is Putin or the current policies because the cold hard reality is Russia can't afford either. Putinism and current policies might go on for as much as another 10 or 20 years and then it will be back to the future. History tells us all that, especially those of you who have lived through those "hard periods".

lordtiberius

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« Reply #309 on: October 29, 2014, 06:07:16 PM »
And yet, here we all are . . .

Offline sleepycat

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« Reply #310 on: October 29, 2014, 06:34:46 PM »
Who would have thought the Kremlin is that touchy regarding rumours of the president's health.
http://news.yahoo.com/putin-spokesman-tells-press-shut-trap-cancer-rumours-142456182.html

In a normal country rumours about terminal illness of its leader typically send its stock market lower; but in the case of Russia rumours about Putin's imminent demise could actually give its stock market a big boost!

Offline Photo Guy

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« Reply #311 on: October 29, 2014, 09:06:58 PM »
Russia has chosen its own isolation, by behaving in a way that leads to mistrust. So if there are now hard times in Russia because the West doesn't want to do business with Russia, it is because Russia has been lying about its involvement in Ukraine. It is also because Russia is acting like Ukraine is their possession. Putin has no intention of honoring the political choices that the majority of Ukrainians have made. If the leader of a powerful country acts like a bully, he is the one to blame for hard economic times. I also blame the people who support him. What qualities are we suppose to like about him? Are we suppose to like the way he has encouraged brother to fight against brother in Ukraine? Are we supposed to like his paranoia about NATO? Are we supposed to like the way he crushes free speech?

lordtiberius

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« Reply #312 on: October 29, 2014, 09:41:01 PM »
Beware of an old man in a hurry

Offline calmissile

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« Reply #313 on: October 30, 2014, 12:08:45 AM »
Russia has chosen its own isolation, by behaving in a way that leads to mistrust. So if there are now hard times in Russia because the West doesn't want to do business with Russia, it is because Russia has been lying about its involvement in Ukraine. It is also because Russia is acting like Ukraine is their possession. Putin has no intention of honoring the political choices that the majority of Ukrainians have made. If the leader of a powerful country acts like a bully, he is the one to blame for hard economic times. I also blame the people who support him. What qualities are we suppose to like about him? Are we suppose to like the way he has encouraged brother to fight against brother in Ukraine? Are we supposed to like his paranoia about NATO? Are we supposed to like the way he crushes free speech?

+100
Doug (Calmissile)

Offline AC

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« Reply #314 on: October 30, 2014, 10:58:51 AM »

Offline AC

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« Reply #315 on: October 30, 2014, 11:08:05 AM »

Offline AC

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« Reply #316 on: October 30, 2014, 12:28:06 PM »
Ruble Weakens to Record on Concern Russia to Expedite Free Float
 

By Vladimir Kuznetsov  Oct 28, 2014 7:45 AM GMT-0800   

 

The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of interventions this month failed to halt the depreciation.

The currency slid 0.6 percent to 47.7112 against the central bank’s target dollar-euro basket by 6 p.m. in Moscow, bringing this year’s decline to 19 percent:clapping:
Ten-year government bond yields approached five-year highs as the Finance Ministry said it was scrapping its third straight debt auction.
http://www.bloomberg.com/news/2014-10-28/ruble-weakens-to-record-on-concern-russia-to-expedite-free-float.html?cmpid=yhoo

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« Reply #317 on: October 30, 2014, 12:30:08 PM »

Offline AkMike

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« Reply #318 on: October 30, 2014, 04:10:14 PM »
Groundhog Day in Moscow as Russia seizes another privatized oil company

by Geoffrey Smith  October 30, 2014, 12:30 PM EDT


Echoes of Yukos affair as a lucrative oil company is seized on a point of law that had been ignored for 10 years.

A Russian court ruled to seize the shares of Bashneft, one of the country?s largest oil companies, effectively renationalizing it and overturning an allegedly fraudulent privatization whose results had stood for over 10 years.

The case has sent shivers through Russia?s business community, a fresh reminder that the ownership of the country?s biggest industrial assets still isn?t safe, nearly two decades after they were sold in frequently flawed or corrupt privatizations.

The case has been compared to the nationalization of Yukos in 2004 over alleged tax evasion and fraud by its owner, Mkihail Khodorkovsky. The politically ambitious Khodorkovsky, who was Russia?s richest man at the time, was subsequently jailed for 10 years, before being given a conditional release at the end of last year.

His company, meanwhile, was sold off, indirectly, to the then state-owned company OAO Rosneft for a song. Rosneft is now chaired by Igor Sechin, who had directed the campaign against Khodorkovsky from his position as deputy chief of staff at the Kremlin.

Bashneft is majority-owned by the London-listed conglomerate OAO AFK Sistema, whose billionaire head Vladimir Evtushenkov is currently under house arrest on charges of money laundering. He denies the charges and has said he will contest them.

Sistema had built a controlling stake in Bashneft with two acquisitions in 2005 and 2009. For $2.5 billion, it bought Bashneft and other energy companies with lucrative local monopolies from vehicles controlled by Ural Rakhimov, the son of the then-president of Bashkortostan, the company?s home region.

Rosneft says it?s not interested in buying Bashneft, but it would be an attractive source of cash for a company in Rosneft?s position. Rosneft is heavily indebted and is shut out of western markets by western sanctions. It has to repay $14 billion by February. Last week, it asked the Finance Ministry for $50 billion from Russia?s National Welfare Fund to help it with its debt repayments, but was rebuffed.

Although perceived as one of the most corrupt regions in the country, Rakhimov senior had been tolerated by President Vladimir Putin for years, even after scrapping elections for regional leaders and making them accountable only to him. Rakhimov ultimately resigned early from his third term in 2010.

Prosecutors allege that the sale of the state?s interest in Bashneft to Rakhimov junior?s companies had been illegal, a view endorsed ahead of the trial in a recent interview by a Rosneft spokesman.

The privatization had, however, received all the necessary state approvals at the time. Sistema had in turn also received the approval of federal regulators when buying the company.

Paradoxically, Sistema?s depositary receipts rose 14% in London on the news, mainly because the court didn?t immediately confiscate some $4.5 billion in dividends that Bashneft and the Bashkir energy companies had paid Sistema since 2009. They?re still down 74% year-to-date.

However, the news agency Interfax quoted an official as saying that the return of illegally seized assets ?will go progressively and in stages.?

The case has been seen in Moscow as another sign of the ascendancy of policy ?hawks? such as Sechin over more liberal figures such as Prime Minister Dmitry Medvedev. Medvedev was quoted by ITAR-TASS as saying that: ?Entrepreneurs definitely should not live in an atmosphere of fear?Businessmen of good faith must be under the protection of the law, they have to be protected and encouraged as much as possible.?

Sistema, whose biggest other asset is a stake in NYSE-listed mobile carrier OAO Mobile TeleSystems ( MBT 5.95% )  , said Thursday its individual units continue to operate as normal, but said the ?ongoing litigation could have a significant negative impact? on its own financial condition and obligations.

It has a month to appeal the ruling.

http://fortune.com/2014/10/30/groundhog-day-in-moscow-as-russia-seizes-another-privatized-oil-company/

Offline AkMike

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« Reply #319 on: October 30, 2014, 04:34:06 PM »
The cancer is eating itself. Soon it may vanish.  :clapping:

Offline Anotherkiwi

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« Reply #320 on: October 30, 2014, 04:58:04 PM »

Offline AkMike

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« Reply #321 on: October 31, 2014, 08:20:43 AM »
The ruble plunged a day after posting its biggest gain since at least 2003 as Russia refrained from adopting the more aggressive foreign-exchange policy that traders had anticipated following this year’s 20 percent rout.

The currency slid 2.8 percent to 47.8130 versus the central bank’s dollar-euro basket at 4:35 p.m. in Moscow and is on course for a 7.4 percent drop this month, the most since May 2012. The ruble surged yesterday as banks including Goldman Sachs Group Inc. and Commerzbank AG expected a shift away from the fixed trading-band policy that allows traders to profit from keeping short positions and betting on further depreciation.
http://www.bloomberg.com/news/2014-10-31/ruble-set-for-worst-month-in-2-years-before-russia-rate-decision.html

lordtiberius

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« Reply #322 on: October 31, 2014, 10:20:25 AM »
Kordakovsky was a very, very bad man.  I wonder how jail changed him if at all.

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« Reply #323 on: October 31, 2014, 11:04:30 AM »
Kordakovsky was a very, very bad man.  I wonder how jail changed him if at all.

???

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« Reply #324 on: November 01, 2014, 09:52:10 PM »

 

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