Russia Economy Thread

pmc

Major
Registered Member
based on history of PMI numbers. i always wondered why GDP growth number from Russia so low. They should have always published 8 to 10% growth per year for past 25 years.
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Russia's GDP growth rate accelerated in February to 7.7%​



before BRICS summit they wanted to do a forum of wealthiest Muslims of the world from 80 countries in Kazan.
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Kazan is preparing for the KazanForum” forum with the participation of more than 80​

countries​



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The largest children's park in Tatarstan will be built in Kazan for the BRICS summit​


At this rate almost every city of half a million in Southern Russia will have its own International airport. this is distribution of wealth.
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Construction of the international terminal at Vladikavkaz airport will begin in August
 

gelgoog

Lieutenant General
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In March, sales of new electric vehicles in the Russian Federation amounted to a record 2.5 thousand units
07.04.2024

At the end of March 2024, 2,499 new electric cars were sold in Russia. As experts from the AUTOSTAT agency noted during the online broadcast “AUTOSTAT Operative. Current information on the Russian car market. Results of March 2024”, this is the highest figure in the history of our country.

Let us recall that the previous record for sales of electric vehicles was set in December last year (1922 units). In total, in the first quarter of 2024, 5,889 new electric vehicles were sold in Russia. This is 3.6 times more than in the same period last year.

The most popular brand in this market remains Zeekr. In March, such electric cars sold 1,216 units. In other words, this is about half (48.7%) of the total. In second place, with a huge lag, is Volkswagen (269 units). The third position is occupied by Tesla (152 units), the fourth – by Avatr (140 units). The domestic brand Evolute (138 units) closes the TOP 5.

Experts from the AUTOSTAT agency also note that the share of electric cars in the Russian market continues to grow. Thus, in March of this year it already reached 1.7% of all new passenger cars sold. Meanwhile, a year ago (in March 2023) it was 1%.

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AVTOVAZ showed its best sales result in March in the last 11 years
02.04.2024

In March, AVTOVAZ sold 42,840 LADA passenger cars and light commercial vehicles on the Russian market – 83.6% more than a year earlier. As noted, this is the best sales result in the last 11 years. According to the results of the first three months of 2024, Russian LADA dealers sold 91,563 cars, which is 42.5% higher than the same period last year, the automaker’s press service reports.

AVTOVAZ's bestseller in March remains the LADA Granta, which was chosen by 20,412 buyers (+25.6%). The second place is occupied by the flagship LADA Vesta, whose sales amounted to 11,703 cars versus 254 cars a year earlier. As noted, this is a record figure for LADA Vesta NG since its entry into the market. Sales of the LADA Niva Legend and Niva Travel family of SUVs increased by 56% to 10,028 units.

According to AVTOVAZ President Maxim Sokolov, the company continues to implement the 2024 production plan, which was approved by the board of directors. In the first quarter of 2024, car production in Togliatti increased by more than 70% and amounted to almost 116 thousand cars.

As AUTOSTAT previously reported, in March AVTOVAZ began selling LADA Vesta cars equipped with a new power unit - a modernized 1.8 EVO engine (122 hp) and an automatic transmission. The cost of LADA Vesta with 1.8 EVO AT starts from 1 million 588 thousand 900 rubles (sedan in Comfort configuration). The new power unit is installed on all models of the family: sedan, Cross sedan, SW and SW Cross.
 

pmc

Major
Registered Member
UAE is hosting a business form for Russia and countries of Mideast/North Africa. This what Arabic economic system is about.
last year UAE funded a auditorium at MGIMO where Lavrov came but important thing is not that auditorium but every thing after that like alot of news about Russia Super Computers and Putin saying Russia spend most money on developing electronics that he shouldnt talk more about.
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Dubai hosts an event to strengthen relations between Russia and the countries of the Middle East and North Africa​

The International Business Forum “World of Opportunities” held in Dubai this month will represent a new global platform for developing relations between Russia and the countries of the Middle East and North Africa.

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September 1, 2023

Opening of the United Arab Emirates auditorium at MGIMO​


this growth is created without much debt when compared to other countries.. even in UKraine reconstruction and fighting side by side. I dont think there is such conflict in history where so many people fighting and reconstructing together. you need boat load of money to convince people to work who may not be from that area and than spend extra to manage security.
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Chairwoman of the Russian Central Bank: The pace of growth of the national economy is impressive​

Publication date: 04/08/2024 | 10:51 GMT |
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This Ben Aris that often writes about Russian economy. this time he is convinced even Russia internal debt is small let alone external. how this possible with all those construction projects going on. statistics are no longer relevant.
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Russia could pay off its entire external debt tomorrow, in cash​

 

gelgoog

Lieutenant General
Registered Member
This Ben Aris that often writes about Russian economy. this time he is convinced even Russia internal debt is small let alone external. how this possible with all those construction projects going on. statistics are no longer relevant.
If the West confiscates the Russian foreign reserves then Russia should just stop paying their debt to the West.
The West froze $300 billion USD in reserves and Russia has $326.26 billion USD in foreign debt.
 

pmc

Major
Registered Member
Emirates are going to hire flight attendants. They already have 582 employees in Russia. considering the time of training. either existing business is going to increase or Ukraine war will come to an end and more Airports will open up. Previously other airlines like Etihad has recruitment campaign.
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Emirates Airlines announces the recruitment of flight attendants from​

Russia​


This first time i read a composite wing for future wide body aircraft could be tested on existing IL-96-400M.
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In 2023, AeroComposite produced two prototypes of the wing caisson under the ShFDMS program. The products are currently undergoing static and life tests. This groundwork gave the company confidence that, given current technologies, it would not be difficult to produce a composite wing for a wide-body long-range aircraft, this could be either the Chinese C929 or a future project, the prototype for which could be the Il-96-400M airliner.


Drones will be patrolling Arctic North Sea. Orion payload is 300Kg and Forpost is 100kg
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1712876345846.png
They start using drones in traffic control.
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Drones help catch violators on the roads of the Kaliningrad region
 

gelgoog

Lieutenant General
Registered Member
This first time i read a composite wing for future wide body aircraft could be tested on existing IL-96-400M.
This is one of the proposals for a large airliner. To replace the Il-96 wing with a new composite wing. And replace the four PS-90 engines in the Il-96 with two PD-35 engines.
 

CasualObserver

Junior Member
Registered Member
Screenshot 2024-04-17 022952.png
I came up with a question when I read @sunnymaxi 's post in the H-6 thread, so I'm posting it here.

Can this upcoming exclusive integration with the Chinese economy and industry could be enough to finally fuel a stable economic growth period for the Russian economy during or after the war in Ukraine?

By now we've already had some snippets of what that could look like, but during this time of war I reckon it's just too early to come to a conclusion.

(What I mean by that is similar to how the Americans integrated Western Europe into their industry and helped them in the post-war period; albeit on a much, much smaller scale and of course without the financial aid. After the rebuilding period this already established close cooperation allowed W.European economies to grow steadily.)

What do you guys think?
 

HighGround

Senior Member
Registered Member
View attachment 128194
I came up with a question when I read @sunnymaxi 's post in the H-6 thread, so I'm posting it here.

Can this upcoming exclusive integration with the Chinese economy and industry could be enough to finally fuel a stable economic growth period for the Russian economy during or after the war in Ukraine?

By now we've already had some snippets of what that could look like, but during this time of war I reckon it's just too early to come to a conclusion.

(What I mean by that is similar to how the Americans integrated Western Europe into their industry and helped them in the post-war period; albeit on a much, much smaller scale and of course without the financial aid. After the rebuilding period this already established close cooperation allowed W.European economies to grow steadily.)

What do you guys think?
Russia generally has mid-high economic growth since Putin took over in 2000. Russia's GDP dropped in 2008, due to the global recession, but bounced back. Then it suffered another setback in 2014, due to sanctions after it annexed Crimea. It had another major crisis during Covid and 2022 due to sanctions for... obvious reasons.

Remarkably, Russia grew 3+% in 2023. What this tells us, is that generally speaking, Russia is actually very well managed. In fact, Russia would probably be in a very, very good position if it wasn't constantly jerked around by its Western "partners." Of course, I'm not saying that everything Russia does is perfect... but relative to some of its peers it doesn't do bad at all.

If Russia decoupled from the West in 2008 instead of only starting to in 2014... it probably could've been as large as Germany.
 

pmc

Major
Registered Member
Russia hardly allow any one to own anything that will benefit outside. At best foreign investment that use local supply chain. but there is alot of restriction on labor so increasing volume not easy unless there is extreme automation. Try Poaching some one from one of the influential enterprises and see how fast business goes to failure.
Auto industry is easy to observe as they have created scoring system. this scoring system that goes up with year to get subsidy on car purchase. See the change between 2022 to 2023 for Lada that was previously owned with Renault. that HAVAL F7X has its own Plant and this year engine production. so score can go up from 1165 in 2023. than there is complete independent supply chain for EV creation under Rosatom.
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g) the car was produced in accordance with a special investment contract concluded with the Ministry of Industry and Trade of the Russian Federation in the field of production of vehicles in accordance with
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“On Industrial Policy in the Russian Federation”, and from January 1, 2024, the total number of points for execution on the territory of the Russian Federation Federation of operations (conditions) in accordance with
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of the Government of the Russian Federation of July 17, 2015 N 719 “On confirmation of the production of industrial products on the territory of the Russian Federation” in relation to a car (except for an electric car) must be at least 1600 points in 2024, not less than 2000 points in 2025 and at least 2500 points in 2026.
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than there is huge used car market much larger than new car market where certain brands are preferred. see the Z sign.
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This is Putin visit to Tupolev decades ago. where influential local people asking him to build more planes. These are not kind of people that you can force to work for some other mechanical industries.

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based on costs it seems building HSR is cheaper than building high speed access control road.
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Russian Railways signs an agreement to produce two trains for the Moscow-​

Petersburg high-speed railway​


further decrease in debt.
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Central Bank: Russia's external debt decreased by $12.8 billion by April​

11 April 2024, 16:35
 

MortyandRick

Senior Member
Registered Member
Russia generally has mid-high economic growth since Putin took over in 2000. Russia's GDP dropped in 2008, due to the global recession, but bounced back. Then it suffered another setback in 2014, due to sanctions after it annexed Crimea. It had another major crisis during Covid and 2022 due to sanctions for... obvious reasons.

Remarkably, Russia grew 3+% in 2023. What this tells us, is that generally speaking, Russia is actually very well managed. In fact, Russia would probably be in a very, very good position if it wasn't constantly jerked around by its Western "partners." Of course, I'm not saying that everything Russia does is perfect... but relative to some of its peers it doesn't do bad at all.

If Russia decoupled from the West in 2008 instead of only starting to in 2014... it probably could've been as large as Germany.
Very good insight and post.

I dont think people give Putin enough credit on how he has been able to steer the Russian economy successfully through multiple sanctions, and a war.

Reminds me of the saying "amateurs talk strategy, professionals talk logistics" but maybe we can add that ultimate winners talk about economy.
 
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