Tuesday, May 27, 2014

006 What did Russia achieve by organising SPIEF?

006 What did Russia achieve by organising SPIEF?
Topics for discussion: SPIEF, St. Petersburg, International Economics, World Trade

St. Petersburg International Economic Forum. Held from 22nd May 2014 to 24th May 2014.

6,500 guests were said to have participated.

609 Heads of major Russian Corporations were said to have participated.

1700 journalists were said to have participated.

Delegations from 75 countries were said to have participated.

What did they all achieve?

They seemed to have developed a capacity to listen to speeches of Mr. Putin and appreciating Russian food, and probably some Russian Vodka.

Some golden sayings attributed to Mr. Putin:

Sanctions will lead the global economy to turbulence, which is in no one’s interest. ... It’s not possible to isolate a country like Russia.

ybrao a donkey's comment: Why should Mr. Putin be so much worried about sanctions? Russia is a vast country in respect of physical geographical area and mineral wealth. It can easily survive even if all the 190 odd countries come together and enforce sanctions against Russia. It should be the other way round, i.e. the countries which impose sanctions against Russia should be afraid of.

Second pipeline to China will be cheaper than the first because Russia will use some existing pipeline infrastructure. - Putin.

ybrao-a-donkey's comment: Russia is more and more becoming a mono-export-product country, depending on Oil and Gas exports. It injures Russian economy.

Regulation sometimes distorts market signals and leads to unjustified subsidizing of all types of energy. In the EU these are the renewables. This market distortion damages the competitive environment and competitive capacity of whole industries. ... - Putin.

ybrao-a-donkey's comments: If there is no regulation, the Multi National Oil Companies will rob the world.

"... We do not divide up our partners on the basis of nationality. You are all members of one family. ..." -Mr. Putin to heads of Energy Companies.

ybrao-a-donkey's comments: This is nothing but empty rhetoric. Economic and financial decisions are made on the basis of business viabilities. Family sentiments and ideas of equality and fraternity do not have any place in business decision making. Do butchers and shepherds treat their sheep equally? They will certainly keep in mind how much each lamb or a ram fetches!

Tuesday, October 13, 2009


The Russian Prime Minister Putin is attending the Shanghai Co-operation Organisation Summit, being held in China. The Organisation is nothing but a Chinese puppet.

India and Pakistan are also attending the Summit.

Why every Nation is enslaving itself to China? Are they afraid of the American hegemony?

Wednesday, September 30, 2009


The present level of Indo Russian trade is $10 billion per annum. The Govts. are planning to raise it to $20 billion by 2015.

Can you imagine the size of Indo Chinese trade? $60 billion. India imports abnormally from China, even those goods which India can manufacture indigenously. China has occupied about 36,000 square miles of Indian territory in Arunachal Pradesh and Ladakh. Indians should have shame to trade with an enemy country and strengthen them by buying their goods.

Russia (erstwhile Soviet Union) was always helpful to India. It not only bought Indian goodss, but also persuaded the erstwhile East European Communist countries like Bulgaria, Czechoclavakia, East Germany, Rumania, etc. to buy Indian goods extensively. Russia and its associates supplied goods to India accepting payment in Indian Rupees, when every other European country and USA demanded payment in hard currencies. Russia provided technologies to India when every other country held their technologies to their chest.

Why Indian traders and industrialists have a craze to buy Chinese goods and not Russian goods? Some of the Russian goods may be of poor quality. India should try to identify qualitative Russian goods for purchase from them.

Russia was always a true friend of India, except on one occasion i.e. when China invaded India in 1962. Russia endorses India's admission to the permanent membership of Security Council, with Veto rights. Besides, Russia sells nuclear fuel to India without strings.

Monday, November 26, 2007



"... The detention of human rights activists and the use of force to stop peaceful rallies in Russia is troublesome..." - U.S. President George Bush said on Nov. 25, 2007.

Troublesome to whom? These things happen in US also. Then troublesome to who else?
*Are there no human right violations in US? How about Guantanamo?

Human right violations take place in every country. We can find no exceptions.

Thursday, June 14, 2007


Russia does not appreciate removal of Soviet-era monuments in Poland. Poland treats the removal as an its own internal affair.

Russia removed the Soviet-era monuments in its own country. It sold the bronze idols of Lenin and Stalin as scrap. One Indian metallurgic industry which makes brass taps fixed in homes imported them from Russia and melted them.

Now will the Indian melters import bronze from Poland?

Wednesday, June 13, 2007


"Russia is not our enemy." - US President -Bush said during his visit to G-8 summit (June 2007).

Then whose enemy is Russia? Diplomacy is a fashionable word for "empty talk".