Rise of Russia(?)
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It matters. It is NOT an export driven economy as you suggested. You are wrong and you are going in circles.
Your opinion is based on fallacies. The only problem with Russian economy is that it is tuned to a high income country. Russia tried to create modern high-tech industries which are suited to its well educated population.
Russian economy is different from USSR economy which was based on making from a needle to a ship without any competitive aspect.
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You don't get it. Saudi Arabia also exports oil, probably more than Russia. But what does it produce.
Export is only one indicator of an economy. Russia makes transport equipment of all types - cars, buses, trucks, trains, ships, aeroplanes and this industry produces a value higher than similar Indian industry.
Russia has a decent electronics and software sectors.
Russia has all types of industries (even apparel) that is needed for domestic economy.
Russia is facing an economic war but still showing positive gdp numbers. I can bet if an economic war is fought against India, India's GDP will tank 20%, and rupee will vanish in stratosphere.
It is important to have a balance in views.
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jouni
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There is a lot of western car manufacturers assembling in Russia for Russian market. Russia´s own brands are nonexistent. Few days ago we were with a friend trying to name some Russian consumer brands known to Finland and we could not name one single... Their ecomomy is based on oil and mining, heavy industries also serve domestic market mainly. Putin has totally neglected developing the ecomic, instead focusing to build "Russian world" and other BS castles in the clouds...
Cars is not such a big problem. Russians will drive Indian and Chinese brand cars soon.
Russia can survive if it can get oil out of the ground + can make defence equipment. Everything else it can get from outside.
Structure of Russian industry
Machinery construction, Industry of Russia
Machine building is the leading industry in Russia, which is concentrated mostly in Moscow, St. Petersburg, the Urals, Volga region, and Westerns Siberia. It provides all other industries with equipment and machinery. The share of machine building in Russian economy is almost 30%. Machine building industries have a rather quite complex structure consisting of over 70 branches. The most important are electronics, computers, robotics, instrument building, agricultural and transport machine building, railway cars manufacture, aircraft building, ship building etc.
Chemical and petrochemical industry in Russia
Russian chemical industry plays an important role in the economic development of the country. Chemical industry provides chemical raw materials mining (apatites and phosphorites, common and potassium salts, sulfur and several other products), basic chemistry and chemistry of organic synthesis.
Basic chemistry includes production of mineral fertilizers, chlorine, sodium, sulfuric acid and other products. Chemistry of organic synthesis comprises production of synthetic rubber, plastics, synthetic resins, and chemical fibers.
All potassium salts are mined in the world's largest Solikamsk field (in the north of Perm oblast) with fertilizer produced in the cities of Solikamsk and Berezniki. Another major field of phosphate raw material is located in Egoryevskoye, Moscow oblast. Most of the nitrogen fertilizers are produced in Tula oblast, Smolensk region, Togliatti, Novgorod, Magnitogorsk, Nizhny Tagil, Lipetsk, and Cherepovets. Manufacture of synthetic rubber is located in Yaroslavl, Voronezh, Efremov, Tula region, and Kazan. Later it appeared in Volga region, the Urals, and Krasnoyarsk. Production of plastics and synthetic resins is situated in Volga region and Western Siberia.
Mining and Processing of Fuel and Electric Power Production in Russia
Fuel and energy complex supplies fuel and electricity to all sectors of economy and ensures economy development. Products of fuel and energy complex are currently the main export of Russia. Fuel and energy complex is composed of mining and processing of various fuels and electric power production. FEC also comprises industries engaged in production, transportation, processing of primary energy resources (oil, gas, coal). Russia is second largest producer of electric power after the United States, and the 3rd after the United States and China in domestic power consumption. Russia exports almost 40% of primary power resources.Major oil companies: «Tyumen Oil Company» (TNK), «NK Lukoil», «Surgutneftegaz», «NK Rosneft», «Tatneft», «Sibneft», «Sidanko», «NTK Slavyanneft», «ANK Bashneft».
The importance of gas production for the country's industry is growing. Over 85% of the gas is produced in West Siberia and then exported to the CIS, Baltic States and abroad.
Stockpiles of coal in Russia are the largest in the world; the energy potential of the coal industry is much higher than the oil industry.
Ferrous and Nonferrous Metallurgy in Russia
Metallurgy complex of Russia includes the extraction of metal ores, their enrichment, metal smelting, production of roll stock. This industry includes ferrous and nonferrous metallurgy. More than 90% of the metal used in the national economy are ferrous metals with steel leading the way. In the steel industry there are following types of enterprises: full cycle metallurgical plants, the ones producing pig iron, steel and roll stock, steel plants, ferroalloy production of iron alloys with chromium, manganese, silicon and other elements; light metallurgy - steel and roll stock production in the machine-building plants; direct ore reduction.
Non-ferrous metals metallurgy's volumes of production are significantly lower than those of in ferrous. But the price of its products is much higher. Among them are heavy non-ferrous metals (copper, zinc, lead, nickel, chromium), lightweight (aluminum, magnesium, titanium), alloys (used as an additive to steel - tungsten, molybdenum, vanadium), and precious (gold, silver, platinum). Copper ores have been mined in Russia in the Urals for a long time. The major center of mining and melting of copper ores is Norilsk. Lead-zinc ores are mined in the mountainous areas of Kuzbass and some - in North Ossetia. The largest aluminum plants are located in Bratsk and Krasnoyarsk. Together they provide about half of Russia's aluminum. Production of tin ore is situated in the Far East and Siberia, and metals melting - in Novosibirsk.
Agriculture of Russia
Agro-industrial complex of Russian Federation consists of industries specializing in production of agricultural products, their processing and storage, as well as the ones supplying agriculture and processing industry with the means of production. Agriculture is the main part of agro-industrial complex. It is characterized by large-scale production. Agricultural lands make up 219.6 million hectares. Major agricultural crops are grain, sugar beets, sunflowers, potatoes, and flax. Among the crops cultivated in Russia are rye, wheat, barley, oats, corn, millet, buckwheat, rice, and legumes (peas, beans, soy beans, lentils). Overall production of cereals and leguminous plants puts Russia in the fourth place in the world (after China, USA and India). Crop farming provides about 40% of the gross output of agriculture; livestock - more than 60%. Livestock is represented by dairy, meat and wool industries.
Machinery construction, Industry of Russia
Machine building is the leading industry in Russia, which is concentrated mostly in Moscow, St. Petersburg, the Urals, Volga region, and Westerns Siberia. It provides all other industries with equipment and machinery. The share of machine building in Russian economy is almost 30%. Machine building industries have a rather quite complex structure consisting of over 70 branches. The most important are electronics, computers, robotics, instrument building, agricultural and transport machine building, railway cars manufacture, aircraft building, ship building etc.
Chemical and petrochemical industry in Russia
Russian chemical industry plays an important role in the economic development of the country. Chemical industry provides chemical raw materials mining (apatites and phosphorites, common and potassium salts, sulfur and several other products), basic chemistry and chemistry of organic synthesis.
Basic chemistry includes production of mineral fertilizers, chlorine, sodium, sulfuric acid and other products. Chemistry of organic synthesis comprises production of synthetic rubber, plastics, synthetic resins, and chemical fibers.
All potassium salts are mined in the world's largest Solikamsk field (in the north of Perm oblast) with fertilizer produced in the cities of Solikamsk and Berezniki. Another major field of phosphate raw material is located in Egoryevskoye, Moscow oblast. Most of the nitrogen fertilizers are produced in Tula oblast, Smolensk region, Togliatti, Novgorod, Magnitogorsk, Nizhny Tagil, Lipetsk, and Cherepovets. Manufacture of synthetic rubber is located in Yaroslavl, Voronezh, Efremov, Tula region, and Kazan. Later it appeared in Volga region, the Urals, and Krasnoyarsk. Production of plastics and synthetic resins is situated in Volga region and Western Siberia.
Mining and Processing of Fuel and Electric Power Production in Russia
Fuel and energy complex supplies fuel and electricity to all sectors of economy and ensures economy development. Products of fuel and energy complex are currently the main export of Russia. Fuel and energy complex is composed of mining and processing of various fuels and electric power production. FEC also comprises industries engaged in production, transportation, processing of primary energy resources (oil, gas, coal). Russia is second largest producer of electric power after the United States, and the 3rd after the United States and China in domestic power consumption. Russia exports almost 40% of primary power resources.Major oil companies: «Tyumen Oil Company» (TNK), «NK Lukoil», «Surgutneftegaz», «NK Rosneft», «Tatneft», «Sibneft», «Sidanko», «NTK Slavyanneft», «ANK Bashneft».
The importance of gas production for the country's industry is growing. Over 85% of the gas is produced in West Siberia and then exported to the CIS, Baltic States and abroad.
Stockpiles of coal in Russia are the largest in the world; the energy potential of the coal industry is much higher than the oil industry.
Ferrous and Nonferrous Metallurgy in Russia
Metallurgy complex of Russia includes the extraction of metal ores, their enrichment, metal smelting, production of roll stock. This industry includes ferrous and nonferrous metallurgy. More than 90% of the metal used in the national economy are ferrous metals with steel leading the way. In the steel industry there are following types of enterprises: full cycle metallurgical plants, the ones producing pig iron, steel and roll stock, steel plants, ferroalloy production of iron alloys with chromium, manganese, silicon and other elements; light metallurgy - steel and roll stock production in the machine-building plants; direct ore reduction.
Non-ferrous metals metallurgy's volumes of production are significantly lower than those of in ferrous. But the price of its products is much higher. Among them are heavy non-ferrous metals (copper, zinc, lead, nickel, chromium), lightweight (aluminum, magnesium, titanium), alloys (used as an additive to steel - tungsten, molybdenum, vanadium), and precious (gold, silver, platinum). Copper ores have been mined in Russia in the Urals for a long time. The major center of mining and melting of copper ores is Norilsk. Lead-zinc ores are mined in the mountainous areas of Kuzbass and some - in North Ossetia. The largest aluminum plants are located in Bratsk and Krasnoyarsk. Together they provide about half of Russia's aluminum. Production of tin ore is situated in the Far East and Siberia, and metals melting - in Novosibirsk.
Agriculture of Russia
Agro-industrial complex of Russian Federation consists of industries specializing in production of agricultural products, their processing and storage, as well as the ones supplying agriculture and processing industry with the means of production. Agriculture is the main part of agro-industrial complex. It is characterized by large-scale production. Agricultural lands make up 219.6 million hectares. Major agricultural crops are grain, sugar beets, sunflowers, potatoes, and flax. Among the crops cultivated in Russia are rye, wheat, barley, oats, corn, millet, buckwheat, rice, and legumes (peas, beans, soy beans, lentils). Overall production of cereals and leguminous plants puts Russia in the fourth place in the world (after China, USA and India). Crop farming provides about 40% of the gross output of agriculture; livestock - more than 60%. Livestock is represented by dairy, meat and wool industries.
Fresh smart moves by Putin in the geopolitical field
The new agreement between Russia and Turkey for the construction of a 63 bcm gas pipeline during Putin's visit in Ankara yesterday, is probably another win of Putin in the geopolitical field.
the unbalanced evolution of homo sapiens: Fresh smart moves by Putin in the geopolitical field
The new agreement between Russia and Turkey for the construction of a 63 bcm gas pipeline during Putin's visit in Ankara yesterday, is probably another win of Putin in the geopolitical field.
the unbalanced evolution of homo sapiens: Fresh smart moves by Putin in the geopolitical field
jouni
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I was at Murmansk in SevTEK -conference. Russians themselves complain the lack of knowledge and skills they have, this is the translation of the newsletter:
Minister Dmitry Alekseyevich Sosnin. Tuesday 18.11 Salla Gate project
staff participated SevTek exhibition event, which seemed to
to be compared with previous years significantly fewer foreigners
exhibitors. The week culminated in Kirovsk organized the fourth
international mining conference. An interesting speech
had the Kola Mining Academy of Sciences Director of the Institute Academician N.
Melnikov. He summed up Russia's northern mining needs three
relevant: 1.investments 2. machine building and 3. Science. The Northern mining
in need of investment. Russia's Arctic region Kola
Kamtšatka is a unique mineral deposits, a lack of investment
prevent their exploitation. Russian machine building does not produce
a sufficient number of high quality machines with those unique
deposits could be utilized. Russian science is also unable to innovate
new equipment and methods. Russia also academies
have had an efficiency improvement in the state, and many scientists are concerned about the
future of their posts and status changes. The event Salla Gate project had its own stand for the mining industry
serving entrepreneurs and was accompanied by a dozen entrepreneurs from around the Finland.
Minister Dmitry Alekseyevich Sosnin. Tuesday 18.11 Salla Gate project
staff participated SevTek exhibition event, which seemed to
to be compared with previous years significantly fewer foreigners
exhibitors. The week culminated in Kirovsk organized the fourth
international mining conference. An interesting speech
had the Kola Mining Academy of Sciences Director of the Institute Academician N.
Melnikov. He summed up Russia's northern mining needs three
relevant: 1.investments 2. machine building and 3. Science. The Northern mining
in need of investment. Russia's Arctic region Kola
Kamtšatka is a unique mineral deposits, a lack of investment
prevent their exploitation. Russian machine building does not produce
a sufficient number of high quality machines with those unique
deposits could be utilized. Russian science is also unable to innovate
new equipment and methods. Russia also academies
have had an efficiency improvement in the state, and many scientists are concerned about the
future of their posts and status changes. The event Salla Gate project had its own stand for the mining industry
serving entrepreneurs and was accompanied by a dozen entrepreneurs from around the Finland.
@jouni, no country has everything that it needs. Every country is buying something from outside. Russia has plenty of land and mineral resources. It is not necessary to do mining on Kola, there are many other places where minerals are easily available.
The Russian approach has been to run to Germany or European banks for everything. That approach has been proven wrong.
Russia needs to focus on manufacturing. Overdue focus on mining is the genesis of these problems.
Russia needs to first build industry to meet domestic demand. There must be value addition in Russia even if a large number of components come from outside. The industry provides employment and stability.
The Russian approach has been to run to Germany or European banks for everything. That approach has been proven wrong.
Russia needs to focus on manufacturing. Overdue focus on mining is the genesis of these problems.
Russia needs to first build industry to meet domestic demand. There must be value addition in Russia even if a large number of components come from outside. The industry provides employment and stability.
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There is a lot that Russian government can do to minimise impact of sanctions. The results will come from change in government policy. Russia has to stop behaving like Sheikhs and start working like a normal country. Russia has immense resources. Russia fails due to its own choosing.
The mindset in Russia has to change. This pressure from outside is the perfect backdrop for this change.
Russia needs to put people to work.
Russia is NOT isolated. Russia must extend a hand to those that are willing to reciprocate. There is enough talent in the world. People will come to Russia to solve its problem IF Russia shows determination.
Let me give some examples - Russia can buy automobile components from India and China for Russian made vehicles. Let European brands die and replaced with Russian brands. However instead of building all parts of Russian vehicles locally, let the parts come from abroad, so that Russia gets the best prices and Russia uses brains of foreigners at the same time.
The mindset in Russia has to change. This pressure from outside is the perfect backdrop for this change.
Russia needs to put people to work.
Russia is NOT isolated. Russia must extend a hand to those that are willing to reciprocate. There is enough talent in the world. People will come to Russia to solve its problem IF Russia shows determination.
Let me give some examples - Russia can buy automobile components from India and China for Russian made vehicles. Let European brands die and replaced with Russian brands. However instead of building all parts of Russian vehicles locally, let the parts come from abroad, so that Russia gets the best prices and Russia uses brains of foreigners at the same time.
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amoy
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Many Chinese auto makers have invested in Russian manufacturing and enjoyed quite a robust growth, but their sales plummet as a consequence of Ruble devaluation this year.
Lifan to invest in new Kaluga plant in Russia - SupplierBusiness
China's Great Wall Motor to Invest in Russia Plant - WSJ
Beijing Automobile Works mulling investment of upwards of $100 million in Russia | Invest in Russia
Lifan to invest in new Kaluga plant in Russia - SupplierBusiness
China's Great Wall Motor to Invest in Russia Plant - WSJ
Beijing Automobile Works mulling investment of upwards of $100 million in Russia | Invest in Russia
jouni
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I worry that because Russia could not renew the economy when oil prices were sky high and ruble was strong. Now it is too late, Russia is facing at least one lost decade of declining living standards. And that is the good scenario, the bad scenario: listen to Putin how he speaks and gears his people towards the confrontation with the west.
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Russia is now a bargain for China. Soon Russia will be practically owned by China and Putin's inflated sense of nationalism thrown into the frozen sewers.
Illusive
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Which means Cheap energy for China thanks to west.
Trying to destroy an enemy has made another enemy of the west(US) stronger.
Wont be surprised to see Russia buckling under pressure and giving key technologies to China.
Well done west if thats what they were planing to do, make China stronger.
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Or, well done Russia for collapsing on both fronts...
santosh10
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im running a thread in this regard on a different forum as below. how would you see rise of russia, as discussed in the thread of this forum as below? :ranger:
=>
Forum name: Indian Defence Forum
Name of Thread: "Rise of Russia". thread starter name the same, "santosh"
------------------/threads/rise-of-russia.45523/
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I don't know if I understand your question correctly, but if you are asking my opinion on the rise of Russia, well I'm not sure if Russia is on the rise. To me it's more like we are seeing the last gasps for air of a dying empire.
Living standards needs to improve in a sustainable manner. Rapid growth typically backfires. Russia has to take the approach of improving productivity of its workforce in a gradual and step by step manner.
It is good change for Russia, even if change is forced by external pressures.
There will be a temporary loss of income. However ruble depreciation may even have a good side as it will equalize real Russian productivity to world standards.
santosh10
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First Cut Comparison of Russia with US/EU (military strength comparison to follow.....)
and thats why i said, you would come to the thread of this forum, post#78..... just living in wrong fantasies? shameful
for example of 3 points of economic comparison as below :
1st; Total Debt: here we find Russia in world, as compare to OECD and BRIC economies
2nd; Per Capita Income: i just discussed, Russia was rising along with BRIC speed till the 2008 recession, and Per Capita Income of Russia and US since 2008 is compared as below, even if US is pumping twice oil/gas since 2008 too.
while i just discussed, even if UK has recovered its pre-crisis level economic size, its Per Capita Income adjusting inflation is still 5% less than pre-crisis level, along with more than twice debt since then too. and UK is one among most of the Eurozone economies....
3rd; along with hefty investment domestically, this is how they helping other nations too
Over the last 11 years, Russia has written off foreign debts in the total amount of $80 billion and paid $124 billion to its creditors. Here is the list of the largest debts that were written off by Russia:
Afghanistan - $12 billion, Iraq - $11.9 billion, Mongolia - $11 billion, North Korea - $11 billion, Syria - $9.8 billion, Ethiopia - $4.8 billion, Libya - $4.5 billion, Algeria - $4.3 billion, Nicaragua - $4.3 billion, Angola - $3.5 billion
//english.pravda.ru/russia/economics/19-10-2012/122511-russia_africa-0/
=> From here, do you want to start Military Expenditure comparison of Russia? its military strength with rest of world, first have a look on US as below. while we do know about hefty cuts in Europe's military expenditures too :ranger:
=> we discussing economic state of US+EU as below too :thumb:
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