Rising Economy of Russia >>

[innocentbee]

I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.

yes i want a person like him for my country to....... a great leader and strategist..........

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[deisik]

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation

am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"

Thanks for the correction. Nevertheless, we are with you, we live in different countries. Either we look at things differently. Personally, I am satisfied with everything in Russia. And if I do that that is not enough, I myself can always change everything. If only criticize and neither do any of that. Life will never change.

Things got worse here for the majority of people during the last two years. Not as bad as they were in the early 90s, of course, but the tendency is clear enough, and it doesn't bode well anyway you look at it



Putin is paranoid (given his past), and he is forced to appoint to major positions people which are loyal to him personally but are mostly incompetent for the office they are appointed to. For example, the current prime-minister (Putin's pet boy) is universally regarded as no less than a clown...

This is being openly discussed, but Putin doesn't seem to give a fuck

[davis196]

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.......

What`s the point of this thread? Saying what a great president Vladimir Putin is?

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.

[countryfree]

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.......

What`s the point of this thread? Saying what a great president Vladimir Putin is?

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

[Barbut]

Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are?
I don't care about their economies, all they do with their money is investing in weapons of mass destruction. Nothing good from all these governments, one day there will be no borders that is just a way to keep us separated.

[deisik]

Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are? I don't care about their economies, all they do with their money is investing in weapons of mass destruction. Nothing good from all these governments, one day there will be no borders that is just a way to keep us separated

You should always remember that Internet itself has its roots in military projects developed in the late 1960s and early 1970s. And this is only one example when military developments turned into something wider and more peaceful, so to speak...

You can find a lot of such examples yourself

[countryfree]

Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are?

Very true. Poor manufacturing capacities and lack of entrepreneurs prevent Russia from rising, but that won't stop Putin, his best friends and some oligarchs to amass tons of money.

[clickerz]

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You may have a point ere but not only oil Russia has to offer.They have also other resources which can boost their economy and i agree someone here that a good management of resources,manufacturing can help their economy. I do believe in Putin's leadership.

oh I read that Russians are going to tax bitcoin transaction?

[Gutembergin]

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 would liek to see the hwole world do well. I hope russia is not anti america. as long as we can be freinds i wish everyone well

[joshy23]

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You may have a point ere but not only oil Russia has to offer.They have also other resources which can boost their economy and i agree someone here that a good management of resources,manufacturing can help their economy. I do believe in Putin's leadership.

oh I read that Russians are going to tax bitcoin transaction?

Its still the same Russia. Only the rich are getting richer in there. Nothing has changed. Still a lot of corruption going on, wars inside and out and Putin as President does not help at all. I agree, they have a lot of resources, but only few are benefiting or exploiting their resources so it only the rich an the oligarch are getting richer.

[Taki]

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

That's right. Big capitals are going abroad for supporting such '"friends" as Syria, East Ukraine, Serbia and who knows whom else. But I think this numbers in the main thread are just numbers and it has nothing with the situation inside the country and making citizens' life better.

[mindrust]

Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free.

[deisik]

Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, if a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

[megynacuna]

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.......

It's good for Russia and global politics but they shouldn't attempt anything against Bitcoin or any Altcoins for that matter as the first four bigger economies of the world are embracing its usage appreciably.

[mindrust]

Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

I'am exactly talking about this.

Russia didn't want to buy some useless American technologies which America was eager to sell. They thought, "we can do it by ourselves." They may have wanted to buy some technologies which America didn't want to sell in the past. I didn't know about that Opel stuff.

I wasn't talking about cars, phones or starbucks anyway. I mean more complicated military technologies like missiles, tanks, planes, motor technologies, radar systems... If Russia have agreed to cooperate with the US on those techs, it would be another story. USA doesn't want an equal force to exist on earth. It's just simple as that. If they were to be existed, they don't want them to be independent. By independent, i mean they shouldn't be able to decide independently whether if they are going to have a war with someone or not.

Look at Germany, on the paper, they are independent. Their people live mostly in peace, incomes are high, but they don't have the balls to say "stfu" to the president of the USA. In the end they will do what they are told.

On the other hand Russia can.

and Iran.

and China.

[blackwhale90]

Economy of Russia. Well there is one superfluous word in this collocation. Either it is Russia or it's economy. You won't understand economical situation in Russia unless you try to live here. So as a russian citizen I can say that word 'rising' can't be applied to Russian totally dependent on oil price economy.

I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.

yes i want a person like him for my country to....... a great leader and strategist..........

lmao. so according to you great leader and strategist is someone who robs his own country and doesn't give a single f*** about ordinary people right? people should base their conclusions on the results of internal policy of Putin and I can say there is not much to be proud of. All today's russian "wealth" was gained with undeniable help of ridiculously high oil prices. The biggest proof of this statement can be found in graphs of russian gdp and crude oil price. I bet you won't distinguish these 2 graphs.

oh and btw average russian pension is somewhere near 100$  

[deisik]

Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

I'am exactly talking about this.

Russia didn't want to buy some useless American technologies which America was eager to sell. They thought, "we can do it by ourselves." They may have wanted to buy some technologies which America didn't want to sell in the past. I didn't know about that Opel stuff.

I wasn't talking about cars, phones or starbucks anyway. I mean more complicated military technologies like missiles, tanks, planes, motor technologies, radar systems... If Russia have agreed to cooperate with the US on those techs, it would be another story. USA doesn't want an equal force to exist on earth. It's just simple as that. If they were to be existed, they don't want them to be independent. By independent, i mean they shouldn't be able to decide independently whether if they are going to have a war with someone or not

I understand that you may not have heard about the Opel deal

But wtf are you talking about all that stuff which I emphasized if you apparently don't have a clue about anything from that list? It is Russia which sold to Americans the missile technology in the early 90s, but which the latter could not reproduce and still have to buy rocket engines from the former. Though I agree that it was mainly developed by the Soviets, but it has been 25 years already since the Soviet Union collapsed. Regarding tanks, your claim is laughable (Russia was the first country which started serial production of the 4th generation tank)

[Mometaskers]

Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

LOL  I've been telling people that for a long time now. Had no idea it was a Jewish proverb.

It's obvious that Russia is playing the Game just like just other nations and it seems that they're also somewhat suffering a bit as consequence, for example the EU sanctions for invading Ukraine. That they're also mostly exporting raw materials also is not helping. I still think that Russia will fare way better than Arabia in a post-oil world though.

I've also always wondered why Russia seem to be not as rich as the other European nations. I mean, it got a really HUGE territory and have a sizeable enough population. Well, guess they'll eventually get there. The current disunity of EU would play well into Russia's hands.

[Xester]

President VLadimir Putin was a president with a vision. The reason why citizens of Russia loved putin was because of his passion for service. Possibly through his administration the country of Russia will become big in the economic industry. But let us not make some assumptions based on opinion. Let Vladimir actions speaks for itself and may Russia finally reach its goal and consider bitcoin as one of the currencies that will help their economy.

[valta4065]

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.......

What`s the point of this thread? Saying what a great president Vladimir Putin is?

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You're going a bit fast here...
It's like saying "look at Africa, this continent is so badly managed it can't even manufacturer its resources"
That's mainly depending on people skills, which mainly depends on education, which mainly depends on development and State investments.

So not saying it's not an important problem, but it's a problem that can take decades if not centuries to take care of! You can't just come and say "ok now we'll manage this better" ^^