Russia Economy Thread

[gelgoog]

The talk that Russia's GDP increase is just due to military investment is pure bullshit. When Western companies left, huge holes were left in the market. And Russian companies have been trying to address this. One example is Rostelmash's new tractor factory near Rostov. Other companies brought their expansion plans forward. For example Haval started producing engines in its factory in Russia.

In some cases products are also dual use. For example serial production of the new D500 diesel engine by Kolomna Works means it can not only be used for naval combat ships but also for civilian locomotives.

The industrial segments most impacted by sanctions were also the ones most dependent on imports from the West. i.e. they had low value added.

There was some technological regression due to the sanctions. For example Lada cars had several imported systems removed initially to ensure production. But the idea this will be permanent is also hogwash. One good example is the food sector. When Russia imposed strict bans on imports of food from the West in 2014 there were shortages of butter and cheese. Substitutes were made where vegetable oil was used instead of actual milk fat. But this ceased to be the case once the industry scaled up production of these products inside Russia proper. In the case of cheese this took several years.

 

[pmc]

Great Wall Motor SUVs including Wey brand were presented in Grozny. I think Great Wall followed Lada marketing where they presented Lada Vesta Sport in Grozny. i still think life cycle cost of Japanese SUV new or used still cheaper with faster repair time.

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Median salary in IT sector now $2800 after Tax. Median is the quantity of people at 50%. not influenced like average salary of extreme talent.

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Salaries of Russian IT professionals are growing at a gigantic pace. The biggest increase is for testers and 1C developers​

Over the past two years, median salaries in the Russian IT industry have shown a 15 percent increase and amounted to 244 thousand rubles per month, representatives of the Tochka bank told CNews. Moreover, the amount is indicated taking into account the personal income tax deduction of 13%, that is, this is the money that a specialist receives in hand.

i have seen 500K single family homes per year now they want to increase closer to 1 million. This is the foundation of demographic increase and represent high disposable income.

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By 2026, the number of new individual housing construction houses in Russia will increase by almost a quarter​

By the end of this year, the number of individual housing construction houses built in Russia will increase by 8% (837 thousand), by the end of 2025 - by 15% (889 thousand), and in 2026 - by 22% (944 thousand). These are the forecasts of analysts from the Lemana PRO company (Leroy Merlin), which they shared with Stroygazeta.

there was UAE culture show in Red Square. it included all kind of Tribal living in tent including Emirati wedding but some things like that Gold color in cloths and utensils was prominent. They are not just learning Wealth creation but that culture of large family unit and better show it in public than in paid hotel. thats also the reason things are presented in Grozny.

 

[gelgoog]

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Russia resumes coal exports to China via North Korea​

It became known that Russia resumed coal supplies to China through the DPRK, shipping 132 thousand tons of this raw material in April-May 2024. At the same time, the last time coal supplies to North Korea by rail in the amount of 15 thousand tons worth $836.7 thousand were observed in the first quarter of 2021.

Russian coal traders export to China through the North Korean port of Rajin. Coal is delivered to the specified port by rail through the Hasan-Rajin land border crossing. The North Korean transit route allows Russians to avoid congested sections of railways near ports in the Russian Far East.

In the future, supplies from the Russian Federation to China via the DPRK can be increased to 2-3 million tons of coal per year, which will be beneficial for Moscow, Beijing and Pyongyang. It should be noted that the port of Rajin is not included in the list of sanctioned sites, according to the UN Security Council resolution. Moreover, transit and transshipment of coal is carried out in agreement with the relevant committee of the world organization.

During his visit to the DPRK in June, Russian President Vladimir Putin also spoke about coal supplies through Rajin. He recalled that a modern multimodal transshipment terminal has been built in Rajin, which is also used in the interests of third countries.

At the end of May 2024, China imported coal from Russia for a total amount of $53 million, which was the maximum result since September 2022. In January-February 2024, China sharply reduced coal purchases from the Russian Federation. After Beijing introduced duties, supplies from Russia became less competitive and decreased by 22% in annual terms. From January to April, Russian coal exports by sea decreased by almost 20% in annual terms. At the same time, total coal imports to China increased by 23%, and the Russian Federation is the second largest supplier after Indonesia. Moreover, Chinese duties do not apply to Indonesia and Australia due to free trade agreements. Moscow is negotiating with Beijing on the issue of reducing these duties.

 

[pmc]

Russian economy overheated so much that Courier can make more than engineers and they want to track couriers like in UAE since they are more of them.

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Medvedev said that engineers should not earn less than couriers​

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Like in the Emirates. The State Duma has called for all scooter couriers to be numbered

Rostec going to use similar software as aero engines. for servicing ultra luxury Aurus. I have watched a video about this vehicle. it is extremely advanced and complicated. Each door of Armor version is 400kg and weight of vehicle is over 7 tons. now think about reliability of engine ,transmission and tires dealing with such weight.
Rostec pics is showing the same culture that airlifted those white Toyota SUVs for culture show in Moscow.

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Rostec to introduce service system for Aurus limousines​

The company "RT-Innovative Developments", a joint venture of "RT-Project Technologies" of the State Corporation Rostec and LLC "IC IAS", develops and implements an after-sales service system for ultra-luxury cars manufactured by LLC "AURUS". The system runs on domestic software. Previously, a similar solution was developed for aircraft engines.

There was Modi visit but this thing stand out. there are two Indian consulates expected going east. Indian elites have good sense of Gulf Arabs and once you are in that system better hide reality.

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There will be normal movement": Modi, visiting Putin, presented Kazan with an Indian consulate​

As noted by the press service of the mayor's office, this year, in anticipation of the BRICS summit, the Indian Embassy in Russia sent its delegations to the capital of the Republic of Tatarstan twice: the first time in May, the second time in July for the international forum of cities of the BRICS+ countries.

They still looking at IL-96 modification for long range travel. recent visit to US you can see its high speed going south to North.
the 14 already ordered will mostly goes to special squadron.

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Russian Industry and Trade Minister Anton Alikhanov: Russia needs a long-range aircraft​

"We 100% need a long-haul aircraft, because these 15% of transportation - a little more, which are not covered by the Superjet and MS-21, will definitely be covered by our aircraft. Therefore, the Il family in one of the possible configurations will take on this function, taking into account the required modifications. And undoubtedly, this is an aircraft that we should rely on. I am confident that we will complete this work," he said.

 

[pmc]

There is large industrial exhibition happened in Yekaterinburg to the East of Kazan. the top speed of HSR was announced to 400km/hr. The thing about high speed train is that people see the maximum speed but the average speed is way lower over a distance.

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and it does not take much to find my favorite topic and Aurus not just represent development of all the advance automotive technologies. I think they will eventually build a bigger version of Japan at Sea of Japan.

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Russia to Launch Serial Production of Aurus Senat on Hydrogen Fuel under the Name NAMI Hydrogen by 2029
He noted that the cost of

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will not be higher than that of gasoline or diesel. The developer also added that the time to refuel a car on hydrogen fuel will take no more than a minute. At the same time, the power reserve is more than 800 km. Now the new version of Aurus Senat is being tested at extremely low and extremely high temperatures.

Earlier it was reported that Russia want to built 1m single family homes per year from current 800K. now the avg price in Moscow region is $400k and outside Moscow the avg price is $300k. Leaders during Covid were Southern Russia.

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Experts: By 2026, the number of country houses being built in Russia should increase by 22%​

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experts, the cost of suburban housing in Russia has increased by 70% in five years. In the Moscow region, as the most expensive (the average cost of a house is 36.3 million rubles), the growth was 31%, and this is one of the lowest figures.

In most regions where such properties used to cost less than 3 million rubles, prices have increased by 80% or more. During the coronavirus pandemic, as

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expert Elena Lapshina (pictured below), the leaders were the south of Russia, and in recent years, the regions bordering the capital.

in related to this Single family homes and large family concept is introducing this authentic Gulf culture. this kind of culture can only be implemented in Wealthy Society. any one else replicating it goes bankrupt.

 

[Serb]

The talk that Russia's GDP increase is just due to military investment is pure bullshit.

If the increase in GDP was caused by military investment, you would have a rising fiscal deficit to GDP ratio, not falling, you would also have a rising debt to GDP ratio, not falling, as a country goes into debt to finance all that military spending. Instead, that was clearly not the case. It is obvious that the rise in GDP is coming from the civil sector. The whole UKR war served as some kind of electric shock therapy to the whole economy/country, it forced all people to give more effort, and eliminate inefficiencies, both in terms of politicians, and local entrepreneurs.

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[gelgoog]

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July 15 2024

New coke oven battery No. 12 of PJSC MMK began producing coke​

Coke battery No. 12 of PJSC Magnitogorsk Iron and Steel Works is the most powerful in the Russian Federation. The production volume of the new battery is 2.5 million tons of dry coke per year, which will cover half of MMK’s needs for this type of product. Chairman of the Board of Directors of PJSC MMK Viktor Rashnikov presented the project to Russian President Vladimir Putin via video conferencing.

For Magnitka, this is the largest investment project over the past ten years - the volume of investments amounted to almost 90 billion rubles ($1 billion USD -ed). The general contractor and equipment supplier was SINOSTEEL from China.

“Today we have started producing coke using a new battery, which is not only of great economic importance, but will also have a significant environmental effect. The complex is equipped with modern environmental protection structures, which is of great importance for the plant and the city of Magnitogorsk. The new coke battery will make it possible to decommission five outdated units - two of them have already been stopped, another one will be taken out of service by the end of this year. As a result, emissions of harmful substances into the atmosphere will be reduced, including dust by 21% and benzopyrene by 12 times. With the launch of the complex, the industrial impact of the plant on the atmosphere will decrease to a historical minimum - and Magnitogorsk will practically correspond to the status of a “Clean City,” noted Viktor Rashnikov.

The complex covers the production cycle from receiving coal concentrates to transferring finished coke to the blast furnace shop.

As part of the reconstruction, technical re-equipment of the chemical product capture and processing workshop was also carried out, which ensured high-quality purification of coke oven gas from ammonia, hydrogen sulfide and benzene hydrocarbons, and also made it possible to eliminate losses of coke oven gas on candles and transfer the purified gas to consumers.

Thanks to the best available technologies and environmental installations, emissions into the atmosphere will be reduced by 11.5 thousand tons. The battery will also play an important role in solving the problems of decarbonization of production, since its launch will reduce CO 2 emissions by 2.2 million tons per year. The installation of dry coke quenching makes it possible to introduce waste-free technology and utilize the heat of coke, generating an additional 40 MW of electricity.

Achieving guaranteed indicators and reaching the design capacity of the complex is planned for the fourth quarter of 2024.

 

[pmc]

two bridges open. The first bridge you see with many long heavy vehicles is on Volga in Samara. This may have big impact on Russian industrialization as this region as it is the Russian industrial heartland.
The other is on Tver. Putin is using Lada Aura but Vesta and Iskra all looks the same but they claim that Aura backseat comparable to Toyota Camry.

Car is shorter than Corolla, weight of Yaris/Vitz but claim back seat of Toyota Camry and leather in this class of car.

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Comparison of Lada Aura and Toyota Camry: the head of AvtoVAZ spoke in favor of the first​

 

[gelgoog]

two bridges open. The first bridge you see with many long heavy vehicles is on Volga in Samara. This may have big impact on Russian industrialization as this region as it is the Russian industrial heartland. The other is on Tver.

They finished the last bypasses on two major highways. For example this means going from St. Petersburg to Moscow via highway now takes between 30 to 60 minutes less time. Because you do not need to go through the middle of the city of Tver anymore.

Putin is using Lada Aura but Vesta and Iskra all looks the same but they claim that Aura backseat comparable to Toyota Camry.

Lada seem to have started from the Vesta platform and made a low end version, the Iskra, to replace the Granta. They also made a higher end car, the Aura. The difference is the Iskra is smaller (shorter) than the Aura and has less equipment.

I assume they want to sell the Lada Aura to the taxi companies and to replace government vehicles. While the Lada Iskra would provide the market with a more modern low end car which still uses all components made in Russia.

By making all three cars (Iskra, Vesta, Aura) use the same platform they can also keep manufacturing and design costs down.

 

[sndef888]

They finished the last bypasses on two major highways. For example this means going from St. Petersburg to Moscow via highway now takes between 30 to 60 minutes less time. Because you do not need to go through the middle of the city of Tver anymore.


Lada seem to have started from the Vesta platform and made a low end version, the Iskra, to replace the Granta. They also made a higher end car, the Aura. The difference is the Iskra is smaller (shorter) than the Aura and has less equipment.

I assume they want to sell the Lada Aura to the taxi companies and to replace government vehicles. While the Lada Iskra would provide the market with a more modern low end car which still uses all components made in Russia.

By making all three cars (Iskra, Vesta, Aura) use the same platform they can also keep manufacturing and design costs down.

I love this type of small cheap A segment sedan and wish the Chinese market would produce an equivalent. Just imagine how affordable it would be.

But sadly C segment sedans seem to be the smallest accepted by the market. Even A/B segment hatchbacks are rare.