Rising Economy of Russia >>

[kryptqnick]

Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.

Yes, but before there was Russia (in Soviet Union) the economic system was actually working extremely bad and there was rather an illusion of it being successful, because it all lived using huge amounts of petroleum. Nowadays the situation is different. I guess the part of why they are successful is crypto-currencies. Did you notice how much information on currencies there is in Russian? And Ethereum which is one of the best now was created by a Russian 20-year-old guy! But I guess it is fine, Russia is not really a big enemy. There is an enemy way worth than that.

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[olushakes]

Having little knowledge when it comes to economic matters as it relates to Russia but its good that the country is doing well even though the West and other countries tries to bury the achievement of Putin under the guise that he is a political enemy. Whether that is true or not, the Russians should be the ones to be the judge of that. However, truth be told Russia has been able to stand tall against the West that any sanctions coming against them is meted with same reciprocal sanctions.

[Lancusters]

Having little knowledge when it comes to economic matters as it relates to Russia but its good that the country is doing well even though the West and other countries tries to bury the achievement of Putin under the guise that he is a political enemy. Whether that is true or not, the Russians should be the ones to be the judge of that. However, truth be told Russia has been able to stand tall against the West that any sanctions coming against them is meted with same reciprocal sanctions.

It happened because the West has adopted tough sanctions and attempts to negotiate with Putin. Besides if the West is to redirect the flow of their goods to other markets, then Russia would lose confrontation with West.

[Flamma]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.

[HaXX0R1337]

I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.

You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news. 

[pseexh]

I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.

You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news. 

I agree with you - you need not only listen to the news but also be able to analyze the situation. Nothing wrong with the fact that I do not see the president as dictator. Sometimes it keeps you from chaos. Russia is progressing, but not at a fast pace. There everything is stable

[mummybtc]

I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.

You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news. 

That is problem now most people solely rely on MSM for their information and what you get from them is propaganda, Putin was hacking for Trump, but it end up that reverse is the case, see the recent CIA news from Wikileak

[hurain]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.

yes that is right, in previous time although Russia was facing so many problems financial and other regional but now the economic condition of Russia is  increasing again.

[ValeryBark]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.

yes that is right, in previous time although Russia was facing so many problems financial and other regional but now the economic condition of Russia is  increasing again.

Economic condition of Russia is not growing. Just a little increased income from the sale of oil and gas. It's not for long. In any case, Russia cut all spending, even on defense.

[DollarPerHour]

Russia has many resources for good economic development and a powerful leader (Putin). Someone hates him, someone admires him, someone envies him ... He raised the country and continues to develop it.

[kidsuzudn]

i just watched a TV show, and it said that Russia doesn't accept Bitcoin, so if u're in Russia, u use bitcoin => u're crinimal .

[deisik]

i just watched a TV show, and it said that Russia doesn't accept Bitcoin, so if u're in Russia, u use bitcoin => u're crinimal

I can only tell you watch less TV

Bitcoin has never been illegal in Russia, I've been telling that for years already but folks just listen to what they are being told by talking heads. At present, Bitcoin is close to being officially recognized as a foreign currency, but as to me, the longer it remains in the gray zone the better. The Tax Service of Russia has already made their position clear that they basically don't care about Bitcoin and ain't gonna tax it, just like profits from currency conversion operations are not taxed in Russia (even despite the respective clause in the Tax Code of Russia)

[PowerWalletDotCom]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.

All leaders or geniuses may be a little crazy, but Putin has done a lot for his country. If he continues to develop the economy, then in a few years the country will be included in the list of the best.

[olubams]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

That's really a good achievement to for with if you ask me because for countries that are wallowing in poverty, insecurity, political instability all those achievement stated there are luxury. I dont stay in Russia but I know no matter how one try, he can never be good to every one that's why Putin will still continue to face opposition from both within and outside the country but if those facts are anything to gho by, then I give it to him.

[JengoFF_n0]

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.

Putin is primarily interested in developing the Russian economy. He really made a huge contribution to the development of the country and if he continues to develop the country, in a few years it will become even more powerful.

[eternalgloom]

Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

If I remember right, economic sanctions were imposed on russia years ago. Maybe as far back as 2014? Those sanctions took a toll on russian and european economies which can be measured in the billions of dollars range.

The suicide rate in japan does surpass the suicide rate in russia. In terms of overall "well-being" an argument could be made for russia having an advantage over japan.

I don't know what ratios of wealth or wage equality look like in either of those countries but that could also be a good metric to gauge "well-being" as could average number of hours worked per day, which I would guess definitely falls in russia's favor.

There's no doubt japan's technical sophistication is probably than russia's, at least outside of weapons of war. But that sophistication comes at a high cost in terms of japanese historically working and studying ridiculous hours to gain a small advantage.

There was a documentary done years back where impoverished africans from the poorest communities visited america and commented on how they felt sorry for americans they got to know, because all they seemed to do is work & not have time for anything else.

In that, I do kind of disagree with textbook definitions of what a nation's "well being" mean.

The sanctions were imposed by the European Union and United States

The United Nations couldn't possibly impose sanctions on Russia since that would effectively mean Russia imposing sanctions unto themselves. This is an unlikely event, by any means. Regarding suicide rates in Japan, it seems to be an obvious outcome of overpopulation. There is a whole scientific theory explaining this and other similar phenomena. For example, wars and epidemics should be considered as natural events aimed at preventing overpopulation (according to this theory). Right now when there are no more major wars and devastating diseases (like the Black Death in the 14th century), this function (of preventing overpopulation) went to big cities since in such cities people don't multiply. And therefore high suicide rates may be construed as just another such tool that nature invented to limit unrestricted population growth

I'm not too sure about what you said regarding suicide rates in Japan. Outcome of overpopulation? I doubt it.
I think it has more to do with their culture in general.

This article sums it up pretty nicely:
http://www.bbc.com/news/world-33362387

I can agree that suicide may be a possible effect of overpopulation in general, but in Japan's case, there's probably more to it than just that.

[mrcash02]

I think interesting when people say how good is Putin for Russia, how he takes care of his country, how many good things he made to make his country stronger and there isn't any retaliation, but when Trump says about doing the same for USA, the media, ongs, "human rights" start attacking Trump with all their power and will. I think all this "global elite" wants is to see USA weak while another countries become stronger.

[jeronimosuykens]

I think interesting when people say how good is Putin for Russia, how he takes care of his country, how many good things he made to make his country stronger and there isn't any retaliation, but when Trump says about doing the same for USA, the media, ongs, "human rights" start attacking Trump with all their power and will. I think all this "global elite" wants is to see USA weak while another countries become stronger.

Russia is a strong and independent nation that grows very strongly. The growth has been increasing day by day, with all other sectors increasing rapidly. When a country has great economic potential, opportunities come to them a great deal. Especially that is the huge profits generated there which also have electronic money.