Tag Archives: Russian economy

Mostly analysis instead of oil politics.The Vineyard of the SakerOil Price Rises After Trump Phones Putin Gary Littlejohn for The Saker blog

Now that toilet paper has become an asset in addition to a commodity.... ?Dances with BearsWAR ON THE TOILET PAPER FRONT — RUSSIA’S TISSUE BATTLES SWEDES, TURKS, AMERICANSJohn Helmer

With all this “living history” in mind, Putin’s plan for such large-scale (and rapid) investment has generated the controversy in Moscow and resulted in three positions within the policy class. One fully supports the decision on the essentially Keynesian grounds that it will spur Russia’s annual economic growth, which has lagged below the global average for several years. Another opposes such massive expenditures, arguing that the funds must remain in state hands as a safeguard against the...

There’s a lot going for the Russian economy as 2020 kicks into its second month. Russia’s government reshuffle is seen as removing austerity constraints and speeding up the financing of Putin’s ambitious national development programs. In his speech to the National Assembly, Putin signaled the end of austerity on social spending, Russia being the only country in the developed world, which is now seriously increasing social spending (among other things, increasing pensions double the rate of...

Now Russia's main strategic secret is out and some more-or-less competent observations are being made. About time. Of course people in Financial Times do not understand the real size and scale of Russian economy and repeat same ol' monetarist BS (accidentally, responsible for driving US and UK's economies into the ground) that Russian economy's size is $1.7 trillion, but let's forgive victims of Wall Street make believe world of virtual, zero value added, FIRE economics, and concentrate on...

Russia Is Switching to Electronic Labor Books There Will Be More Self-employed Workers The list of goods subject to mandatory marking will be expanded Personal income tax for non-residents will be decreased AwaraMajor Changes in Russian Legislation for Business in 2020

Targeted expenditure based on priorities determined by national security and aimed at neutralizing threats. In other words, defense rather than global power projection, like US-led NATO. The real expenditure, however, is not in nominal terms but with respect to allocation of real resources that are scarce, most significantly, knowledge and skill. Russia has established dominance in technological innovation in weapons development and manufacture. This requires investment in education and...

Longish and detailed backgrounder on FDI in Russian economy, not just US.Checkpoint AsiaUS Is the Single Biggest Foreign Investor in Russia’s Economy Ben Aris, BNE

The Plan of the Ministry of Economic Development for the Transformation of the Business Climate Was Supplemented with New Measures Vladimir Putin set an ambitious goal for the Ministry of Economic Development: by 2024, Russia should rise to 20th in the World Bank’s Doing Business rating (now our country occupies 31st place out of 190).... Russia and China have managed economies along with market-based economies. This is proving to be be a good balance between hierarchical technocracy and...

This is important. But if you have not been following Russia, then its level of detail may obscure the key point. Sergei Glazyev is the closest to MMT of all the Russian economists of influence, and he was in Putin's inner circle of advisors until this announcement.The Saker unpacks its implications for Russia. He views it as good move by Putin, since it is simply not possible to implement a Glazyev program in Russia. Neither is Putin that powerful if he wanted to do so, but other...