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There should be a rule on ATS that any evil moron who repeatedly twists the facts should be given some sort of reprimand.
originally posted by: Xcathdra
originally posted by: BornAgainAlien
a reply to: dragonridr
Don`t worry though, I`m not clueless about it.
Russia`s debt to GDP is very low, and because of that they won`t get in trouble soon and have much room to borrow if actual needed.
Borrow from whom?
The arrest of a Russian telecoms and oil tycoon has sent shock waves through the country's business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country's then-richest man and expropriating his companies.
The criminal case against 65-year-old Vladimir Yevtushenkov marks the first attack on a billionaire businessman since the arrest in 2003 of Mikhail Khodorkovsky, the former head of Yukos, which was the country's largest oil company at the time. He spent the next decade in prison on tax evasion and misappropriation charges and saw his company taken over by the state and sold in pieces.
The prosecution of Khodorkovsky had sent a clear message to Russian oligarchs: stay out of politics and your property will be safe. Russia's rich have followed that rule for nearly a decade, and now fret the unspoken promise may be void.
"It shows that now, no one is protected," said Vladimir Milov, an opposition politician and former deputy energy minister.
Russia's reaction to sanctions by the European Union and the United States are still left waiting. Counter sanctions are 'not a priority. "According to Russian Deputy Prime Dvorkovitsj.
Dvorkovitsj says to the Russian news agency Interfax that counter sanctions haven`t been a topic of discussion for the Russian government. According to him the Western sanctions have not resulted in decline of the number of foreign investors who are interested in the Russian market.
What the Russian counter sanctions will be is still unclear. Last week it was announced that there was a proposal for a ban on the import of used cars, but Minister of Industry Denis Mantoerov is not into that.
Besides China, Singapore and other Asian key markets, Russian banks may attract financial resources from Azerbaijan and Kazakhstan, head of Russia’s VTB bank Andrei Kostin said in an interview with ITAR-TASS at the international investment forum in Sochi on Saturday.
“We have attracted funds from Qatar and China, and the experience is positive. But we should realise our Eastern counterparts and financial institutions are cautious in this matter, as they also may be subjects of sanctions from the U.S. But I believe here we have certain financial success and we shall receive financing, though it would require certain efforts,” he said adding major Asian investors “are not fleeing” due to high reliability of Russian financial institutions, including VTB.
“Everyone interested in investing in Crimea", said Andrei Sokolov
Russian banks may attract financing from Azerbaijan, Kazakhstan - VTB head
After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank.[
And just ignore European businesses, Qatar, China, Singapore and other Asian key markets which can provide funding.
originally posted by: victor7
a reply to: BornAgainAlien
Do not listen to this anti-Russia rabid mouth piece.
There was a comment made by Obama about Russia: "It does not produce anything other than energy needs".
That alone is an excellent area for investors from China to take interest into. Invest into Russian industries and sell to the Russian market of 150 million people. The labor force is cheaper than Western Europe by several times. Machines Chinese can bring with themselves and rest is a matter of how savvy operations one runs.
Same holds true for auto makers from India. Just set up a manufacturing plant in Russia and cater to the CIS market.
"Without doubt this looks very like Yukos 2.0, because the charges apply to the head of a company that paid $2.5 billion for assets and is now accused of stealing shares and money-laundering," Alexander Shokhin, head of Russia'sUnion of Industrialists and Entrepreneurs told the Russian news agency RIA Novosti.
Anatoly Chubais, an architect of Russia’s privatization program in the 1990s who now heads the state nanotechnology corporation, called Evtushenkov’s arrest “an extremely serious blow to the investment climate.” Alexander Shokhin, head of the Russian Union of Industrialists & Entrepreneurs, a business lobby group, said it might prompt some Russian businesses to change their tax domiciles or close their Russian operations.
"I do not think Russia poses an imminent threat to the NATO allies for the very reason that Russia knows that we have an Article 5 in our NATO treaty that protects any allies against attack, and an attack on one would be an attack on the whole alliance. Russia knows that and that is why I do not think Russia poses an imminent threat to the alliance," Rasmussen told reporters.