Russia Economy Thread

pmc

Major
Registered Member
I think its in indirect way of saying that 1 Gulf Arab tourist =500 Regular tourists. There is alot of outreach to Saudis in industrials and tourism sector. The other Gulf Emirates dont need that much outreach.

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Foreigners have already fallen in love: how Sochi delighted tourists from Bahrain​

“Judging by our research, one satisfied Arab tourist brings 500 other tourists to the country, in particular to Russia. Therefore, we expect an increase in tourist flow. Last year, more than seven thousand Arabs visited Russia. This year we plan to count in tens and hundreds and thousands.”
The next delegation of bloggers is expected in mid-May.

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Russia plans to increase tourism exchange with Saudi Arabia in 2024​



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Riyadh hosts the Russian Industries Exhibition​

Publication date: 05/28/2024 | 23:22 GMT



This is about Egypt and its history with textile and how Russia can lower the costs by doing contract manufacturing.

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At the 15th International business platform for outsourcing in the light industry BEE-TOGETHER .ru in Moscow, the Egyptian light industry was represented by six large-scale enterprises that produce knitwear, children's, men's, women's, sports, denim, outerwear and other clothing.
Nevertheless, Russian customers also consider ARE enterprises as potential contractors. Thus, entrepreneur Elena Radionova , having visited BEE-TOGETHER .ru , said: “We mainly sell on marketplaces, so we are constantly looking for ways to reduce the cost of products without compromising quality, for this purpose we come to the BEE-TOGETHER .ru exhibition every year. This time we were very pleased with the enterprises of China and Egypt. There are plenty of people to choose from to work with. We are now in the process of discussing the details of cooperation . "
The Arab Republic of Egypt (ARE), a country located in Northeast Africa and the Middle East, can be considered a pioneer of the textile industry, as it began to form in the Nile River Delta several thousand years earlier than in most other regions of the world. Of course, the times of the pharaohs are long gone, but even in modern history, Egyptian cotton, a wear-resistant material made from long fibers with an almost silky sheen, is well known on the global market. During the Soviet period, Egypt exported various textile products to Eastern Bloc countries on a large scale. The collapse of the Soviet Union and the Eastern Bloc caused Egypt's textile exports to decline by more than 33% in 1991-1992. As a result, the country changed the direction of exports, so today the main markets are the USA and European countries, with which Egypt has duty-free trade agreements.
 

Santamaria

Junior Member
Registered Member
Huh, if the news are right, Russia is now ahead of Japan in PPP GDP (i.e. World's 4th).
+India is about to overcome Japan in nominal... the world is changing.
It was question of time, too many people in the West are still in denial but the economical changes unleashed by the war have been very beneficial to the Russian economy and for their future.

Before the war Russia was exporting capital every year, and its economy constantly lacked investment. For whatever reason the government was unable to stop this process.

The cut of financial flows to/out of Russia has meant that now all that capital remain in capital and it is reinvested in the economy. This, in conjunction with the need of develop their own products to substitute western parts explains a lot their PMI explossion and the increase above the inflation of Russian wages.

On the other hand you have both Germany and Japan, hit hard due to their loose of Russian energy and commodities (that now are used by Russia in greater quantities and also sold to China in greater quantities). and in particular in German case, they stopped receiving the capital that previously Russia was exporting
 

Gloire_bb

Captain
Registered Member
Yes and yes, but still. (core) Russia being a world's major economy of all things (and that no...other European economy made it into top-5), even if PPP, feels unusual.

In military terms it's of extreme importance - while India is still a major weapons exporter, China and Russia are almost 100% encapsulated PPP military producers.
 

pmc

Major
Registered Member
Huh, if the news are right, Russia is now ahead of Japan in PPP GDP (i.e. World's 4th).
+India is about to overcome Japan in nominal... the world is changing.
This is 2021 data. it takes few years to measure things but even than i dont agree with alot of there findings.
Chinese Economic size is 29T while US is 23.5T. but it does not tell any thing about size of debt to create this GDP or quality of human capital/ infrastructure that is long term sustainable. There many other countries you can easily find inconsistencies with real life.

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In 2021, the United States had the highest living standard in the world at four times the global mean.



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1717178934020.png
 
Yes and yes, but still. (core) Russia being a world's major economy of all things (and that no...other European economy made it into top-5), even if PPP, feels unusual.

Russia has a population about equal to that of France and Germany combined, more land and far more natural resources than the entirety of Europe, and has had a complete industrial ecosystem for decades. It should be expected that Russia would have a larger economy than any other European nation.
 

azn_cyniq

Junior Member
Registered Member
Huh, if the news are right, Russia is now ahead of Japan in PPP GDP (i.e. World's 4th).
+India is about to overcome Japan in nominal... the world is changing.
Due to the effects of American sanctions, Russia's nominal GDP grossly underestimates the size of the Russian economy. If you look at steel production and electricity production, Russia is clearly a top 4/5 economy.

Steel production:
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1717209534124.png

Electricity production:
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1717209389349.png
 

pmc

Major
Registered Member
This 300% big increase when you consider jump in ticket prices. 50% from China of the Total and 20% from Gulf Emirates (not including Saudi). 10% from ASEAN countries. Vladivostok has completed two former Hyatt Hotels.
i guess tourist criteria is strict not including CIS countries.
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Foreign tourists are booking trips to Russia three times more in the summer of 2024​

“Transportation volumes have increased, but this quantity is not enough to significantly reduce prices. The cost of an air ticket is 20-50% higher depending on the destinations,” he explained.

According to expert forecasts, over 50% of the summer inbound tourist flow to the Russian Federation will be tourists from China. In second place are travelers from the Middle East (UAE, Oman, Qatar) with a total share of 20%. Next come guests from Southeast Asian countries (10%), followed by tourists from Iran, India and Turkey (about 5-7% combined) and travelers from Europe, Latin America, South Korea and Japan (1-2%) .
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Russia aims to attract Saudi tourists through the International Travel Fair in Riyadh​



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Putin ordered the creation of a single digital tourism portal in Russia​

Russian President Vladimir Putin ordered the creation in our country of a unified digital platform in the tourism sector, which will provide information about hotels, restaurants, guide services, transport routes and other industry services. This is stated on the official website of the Kremlin.
"The Government of the Russian Federation, taking into account previously given instructions, should ensure the creation and operation of a unified digital platform in the field of tourism, providing for the collection, storage, processing and transmission of data on display objects, hotels and other accommodation facilities, public catering facilities, the work of tour guides (guides), tour guides translators and instructors-guides, transport and logistics services,” is stated in one of the points
The platform will provide identification of the tourism services market, which will help increase the transparency and security of the market. The collection and analysis of personal data will be carried out in anonymized form. Also, information on the portal will be available for “creating software that allows you to create, including using artificial intelligence technologies, travel offers” based on requests from platform users. The first report on the progress of the assignment must be submitted to the president before September 1, and thereafter - once a year.

now they are outbidding Czech/Europeans in arms market. for this they need lots of hard currency or Gold. in the world of scarcity. there is no Point in maintaining Trade surplus. Just grab everything what is in the front.
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The Western efforts to resupply are going slowly, after Czechia’s leading arms company said that it was being outbid by Russia in negotiations with non-EU shell manufacturers. The company complained that the Kremlin was getting funding to buy shells together faster than the Europeans and that shells intended for Ukraine were being sold to Moscow instead as a result.

This relate to widebody planes A350 and B787. The planes most in demand in Gulf Emirates.
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Exclusive-To help Airbus, Macron pressed Canada to ease Russia titanium sanctions​

 

Index

Senior Member
Registered Member
Due to the effects of American sanctions, Russia's nominal GDP grossly underestimates the size of the Russian economy. If you look at steel production and electricity production, Russia is clearly a top 4/5 economy.

Steel production:
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View attachment 130421

Electricity production:
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View attachment 130420
No such thing as comparing 2 economy sizes without accounting for the fact they don't operate on the same currency.

And yeah Russia has grown a fair bit from the war, which is why they're not in a hurry to finish it.
 

Sinnavuuty

Senior Member
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G-7 to Target Banks Helping Russia Evade Ukraine War Sanctions​

  • Some allies discussing ways to target ‘Russian SWIFT’
  • Leaders meeting in Italy at G-7 summit to consider new steps
The G7 and the European Union are discussing restrictions against banks using the Bank of Russia Financial Messaging System (SPFS), the Russian equivalent of SWIFT, sources told Bloomberg. Many Chinese banks have also joined the Russian SPFS system.
 
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